Tether Strategy and VanEck advisor Gabor Gurbacs said on the X platform that Tether's latest certification report shows that it holds about $5.30 billion in precious metals and $7.80 billion in bitcoin. This may be one of the greatest commodity hedging transactions in history, contributing to Tether's overcollateralization.
Luo Zhuojian, a member of the National Committee of the Chinese People's Political Consultative Conference and a consulting expert of the Ministry of Finance, issued a document calling for the active development of stablecoins to protect the advantages of Hong Kong's financial center. He pointed out that Hong Kong can cooperate with Financial Institution Groups in other regions in the application of stablecoins to explore its potential in international settlement and cross-border application mod...
Teresa Goody Guillén, a former litigation advisor to the Securities Exchange Commission and a partner at law firm BakerHostetler, said that the Securities Exchange Commission is expected to bring fewer cases against cryptocurrency companies in the new year, and in the future, the Securities Exchange Commission will only be able to file lawsuits in cases involving securities. Therefore, if the lawsuit does not involve securities, the agency will refer these bad actors to the Department of Justic...
On December 6th, due to the company's strategic adjustment, Zhang Yong no longer served as CEO and was transferred to the company's consultant, continuing to contribute to the company's development. Fang Yunzhou, founder and chairperson of Nezha Automobile, also serves as the company's CEO.
Justin Slaughter, director of policy research at Paradigm and a former senior adviser at the S.E.C., wrote in an X post that a former Biden White House staffer said, "Democrats are not going to fight cryptocurrencies to the end. We have so many other things to worry about, and cryptocurrencies clearly have more staying power than we thought."
Miles Jennings, general counsel of a16z crypto, said in a post on the X platform that a16z has jointly launched a creator defense fund with OpenSea, Stand With Crypto, etc. a16z will contribute $1 million to work with law firms to provide legal services and advice to artists and creators who face potential government action or simply want to ensure they build NFT projects in a manner that is in legal compliance.
Arcade.xyz consultant Cirrus wrote on X: "In the past few months, I have noticed an interesting trend about buying Pudgy Penguins wallets. The first transaction of about 12 new wallets was a 60-300 ETH deposit from Binance, and then the only other transaction was to buy Pudgy Penguins. During this time, these wallets bought 800 ETH worth of Pudgy Penguins in this way. I hope this is an insider trying to build up decentrally. "
Chris Zaccarelli of the Alliance of Independent Advisers said in a note that Federal Reserve Chairperson Jerome Powell's "balanced and frank" speech at the Jackson Hole meeting paved the way for a 25 basis point cut in September and "opened the door to further cuts if necessary". He argued that it was too early to say a soft landing and advised investors to "take a balanced approach to investing, neither preparing for a recession that might be coming, nor pursuing risk and becoming complacent be...
Chris Zaccarelli of the Alliance of Independent Advisers said in a note that Federal Reserve Chairperson Jerome Powell's "balanced and frank" speech at the Jackson Hole meeting paved the way for a 25 basis point cut in September and "opened the door to further cuts if necessary". He argued that it was too early to say a soft landing and advised investors to "take a balanced approach to investing, neither preparing for a recession that might be coming, nor pursuing risk and becoming complacent be...
On August 22nd, Arcade.xyz consultant Cirrus wrote on X that a wallet holding 4,500 ETH started buying Pudgy Penguins in large quantities yesterday. The wallet has only made 32 transactions in total and has not been active since 2021. The main transactions include: buying an alien CryptoPunk for 4,200 ETH (sold for 4,500 ETH a few months ago); buying an EtherRock for 400 ETH; buying a dinopal for 370 ETH. According to Blur data, the floor price of Pudgy Penguins is temporarily quoted at 10.10 ET...
"Political event contracts should not be equated with betting activities such as the Super Bowl," Jessica Furr of Dragonfly Digital Management and Bryan Edelman, a consultant, wrote to the CFTC. "Elections have significant economic implications and these contracts are designed to provide critical risk hedging, comply with the requirements of the Commodity Exchange Act (CEA) and provide the public with valuable predictive data." Drago...
Compound DAO security consultant Michael Lewellen said on the X platform that the Compound Finance website has been hacked and is currently pointing to a phishing website. Do not interact with compound.finance website until further notice. The Compound protocol itself is not affected, and all smart contract funds are safe.
According to people familiar with the matter, Northern Data AG is in talks with potential advisers about a joint venture for its artificial intelligence cloud computing and data center businesses for an initial public offering (IPO) in the United States, which could be valued at up to $16 billion. According to people familiar with the matter, the company has invited several potential advisers to bid and may appoint a lead bank in the coming months.