Class A shares of retail stocks continued to strengthen, Dalian friendship, ZTE business afternoon limit, Hualian shares, Ginza shares, Yimin Group previously sealed the board, Maoye business, Guoguang chain and other top gains.
Cryptocurrency-friendly Senator-elect Bernie Moreno (R-Ohio) has been appointed to the Senate Banking Committee. The Senate Banking Committee, which could be key to the launch of crypto-related bills in 2025, has jurisdiction over two key agencies: the Securities Exchange Commission and the Commodity Futures Trading Commission. Other pro-cryptocurrency lawmakers, including Senator Cynthia Loomis (R-Wyo), have been assigned to remain on the committee. It is expected to participate in...
Class A shares of a large number of high-level stocks rebounded sharply, Rheinland Sports, Friendship Group fell by the limit, and Nuobang shares, Aishida, Kaikai Industrial fell sharply.
Vancouver passed a bill to become a "bitcoin-friendly city". Ken Sim, Vancouver's mayor, said at a city council meeting on December 11 that "we face affordability challenges and I firmly believe that bitcoin can solve our challenges, both financially and affordability." Vancouver Mayor Ken Sim has urged the city council to explore integrating bitcoin into municipal finance strategies, highlighting the potential of cryptocurrencies to enhance financial stability in a volatile fiat market. On Dece...
The leaders of two major Wall Street regulators may both be friendly to the crypto community!
Travala, a crypto-friendly travel booking platform, has announced plans to launch a dedicated bitcoin reserve as it celebrates annual revenue exceeding $100 million. In addition, Travala has launched a new bitcoin "Treasury Reserve Program" and Travala's native token, Ava (AVA), aimed at strengthening its financial base and accelerating future growth.
Trump nominated a crypto-friendly to head the SEC, and the crypto community cheered as bitcoin broke through the $100,000 for the first time since its creation.
With the crypto-friendly Mr. Trump back in the White House, Wall Street is poised to launch a new generation of risky products that cater to investors from institutional novices to die-hard retail investors. Executives and lawyers involved in ETFs say they describe products ranging from defensive ETFs for crypto-curious professional fund managers to full-spectrum speculative bets for self-described depraved gamblers. Industry investors and lawyers say the wind...
Michael Gilroy, the former head of fintech at crypto-friendly investment firm Coatue Management, is co-founding a new venture capital firm, according to Bloomberg, citing people familiar with the matter. Gilroy is teaming up with technology investor Gokul Rajaram, a current board member of cryptocurrency exchange Coinbase, to raise up to $500 million for the firm's first fund. The two are in discussions with anchor investors about raising money, but it won't be until...
Trump is considering appointing a CFTC chairperson who is friendly to cryptocurrencies.
According to an announcement, cryptocurrency-friendly startup bank Revolut said it has stopped millions of dollars in potential customer losses from fraudulent cryptocurrency transfers over the past three months. Revolut's head of financial crime and fraud, Woody Malouf, said the company estimates it saved customers more than $590 million in potentially fraudulent transactions in 2023, including celebrity endorsement scams, deepfakes, and artificial intelligence-generated scams.
On September 23rd, the prediction market Polymarket revealed that SBF's ex-girlfriend Caroline Ellison is likely not to serve her sentence. It is reported that Polymarket forecasts that she has a 46% chance of being spared from prison, and her probability of being sentenced to 12-13 months is about 20%.
On September 23rd, in a new bankruptcy filing, the executive responsible for closing the parent company of crypto-friendly bank Silvergate Bank said that despite the shrinking cryptocurrency industry and rising interest rates, the bank has stabilized, is able to meet regulatory capital requirements, and has the ability to continue to hold deposits for those Client Servers. However, in 2023, "sudden regulatory changes" by agencies such as the Federal Reserve, the Federal Deposit Insurance Corpora...
Crypto-friendly travel booking platform Travala has integrated with Solana and expanded to a third network in addition to Ethereum and BNB Chain. Travala CEO Juan Otero made the announcement during a panel at the Solana Breakpoint conference in Singapore on Saturday. The integration will allow users to book flights, hotels and accommodation using Solana-based assets, including SOL, USDT and USDC. Users can also earn up to 10% of their booking value in SOL travel rewards through its loyalty progr...
Silvergate Capital, the parent company of crypto-friendly bank Silvergate, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court in Delaware, with assets estimated to be between $100 million and $500 million and liabilities between $10 million and $50 million. The bankruptcy stems from the serious damage to the reputation of its subsidiary Silvergate Bank following liquidity problems and the collapse of crypto exchange FTX. Silvergate has previously been close to the crypto i...