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According to Foresight News, Phillip Bankss, the creator of the Chillguy character, announced that his X account was compromised. Although he has regained control, there is a possibility that the hacker set up scheduled tweets, indicating the account may not be entirely secure. Bankss urged the community to promptly inform him of any unusual activity for immediate action.

According to PANews, on-chain analyst Yu Jin has reported that Cosmos Network developers have transferred 295.3 BTC, valued at approximately $27.7 million, nearly two years after their last transaction. These funds were initially raised during an ICO in 2017. Throughout this year, the developers have transferred or sold a total of 21,600 ETH and 295.3 BTC, amounting to $78.67 million. As of now, the remaining assets from the 2017 ICO include 96.4 BTC and 17,188 ETH, with a combined value of $67 million.

According to Foresight News, Cosmos Network's developer address has transferred 295.3 BTC, valued at $27.7 million, after nearly two years of inactivity. These Bitcoins were initially raised through an ICO in 2017. Throughout this year, the developer has moved or sold a total of 21,600 ETH and 295.3 BTC, amounting to $78.67 million. The address still holds 96.4 BTC and 17,188 ETH, with a combined value of $67 million, from the 2017 ICO.

According to Odaily, on-chain analyst Yujin has reported that Cosmos Network developers have transferred 295.3 BTC, valued at $27.7 million, which they initially raised through an ICO in 2017. This marks the first transfer of such magnitude in nearly two years. Throughout this year, the developers have transferred or sold a total of 21,600 ETH and 295.3 BTC, amounting to $78.67 million. As of now, they retain 96.4 BTC and 17,188 ETH from their 2017 ICO, with a combined value of $67 million.

According to BlockBeats, data from CME's 'FedWatch' tool indicates that there is an 8.6% probability of the Federal Reserve cutting interest rates by 25 basis points in January 2024. The likelihood of maintaining the current rates stands at 91.4%.

According to BlockBeats, on December 24, Forbes released seven major predictions for the cryptocurrency industry by 2025. These forecasts include significant developments across various aspects of the crypto sector. Firstly, it is anticipated that a major country from either the G7 or BRICS nations will establish and announce a strategic Bitcoin reserve. This move could signal a shift in how national economies view and integrate cryptocurrencies into their financial systems. Secondly, stablecoins are expected to continue their growth trajectory, potentially doubling in size to exceed $400 billion. This growth underscores the increasing reliance on stablecoins for transactions and as a store of value within the crypto ecosystem. Another key trend predicted is the rise of Bitcoin DeFi, supported by Layer 2 solutions, which is expected to become a major growth area. This development could enhance the scalability and functionality of Bitcoin within decentralized finance applications. Additionally, the proliferation of Bitcoin ETFs is expected to continue, with new ETFs focusing on cryptocurrencies likely to emerge. This trend reflects the growing interest and acceptance of crypto assets in traditional financial markets. Forbes also predicts that one of the "Seven Sisters" of the U.S. stock market will add Bitcoin to its balance sheet, surpassing Tesla's current holdings. This move could further legitimize Bitcoin as a corporate asset. Moreover, the total market capitalization of cryptocurrencies is projected to surpass $8 trillion, indicating substantial growth and adoption across the globe. Finally, there is an expectation of a resurgence in crypto startups, with the United States poised to reclaim its position as a global leader in the cryptocurrency industry. This revival could drive innovation and investment in the sector, reinforcing the U.S.'s influence in the global crypto landscape.

According to Foresight News, data from TRONSCAN reveals that the total number of accounts on the Tron network has exceeded 280 million, reaching 280,001,639. This figure represents the total number of activated account addresses on the Tron network. Currently, the Tron network has processed over 9.2 billion transactions. The total value locked (TVL) on the network surpasses $21.5 billion. Tron has also evolved into a decentralized autonomous organization (DAO) governed by its community.

According to Odaily, QCP's market analysis indicates that following last week's sharp decline, the market remains stable as the holiday season approaches. Despite the current calm, attention is focused on the significant options expiry this Friday, with nearly $20 billion worth of BTC and ETH options set to expire. This accounts for almost half of Deribit's total open interest. Post-expiry, a typical end-of-quarter volatility sell-off may occur, especially as spot prices continue to fluctuate and options sellers close their positions. Unlike most options sellers who must wait for collateral release post-expiry, call option buyers may have already closed most of their positions. However, if BTC successfully surpasses $100,000, volatility could remain strong. Meanwhile, as BTC struggles below the $100,000 mark, altcoins may begin to catch up. A similar trend was observed a month ago when BTC traded near these levels, and ETHBTC rebounded from the 0.032 support level. With BTC's dominance still at 58%, a significant drop below this level is being closely monitored to confirm a rotation into altcoins.

According to Odaily, a user identified as @lsp8940 reported that their account was compromised, leading to a theft of $1 million. The incident involved a hacker impersonating a Twitter account, which appeared legitimate at first glance. The hacker posed as a friend and the CEO of a project, leveraging previous interactions to gain trust. They invited the user to a meeting about project development via a Zoom link. The user, having experienced issues with Zoom previously, reinstalled the application as prompted, only to discover later that their wallet had been emptied. Security expert SlowMist noted that the hacker group involved has likely laundered the stolen funds, making recovery difficult. The user emphasized the importance of vigilance in the decentralized finance (DeFi) space, highlighting that security risks extend beyond protocol codes to personal actions. They urged others to remain cautious about security issues, as DeFi offers both vast opportunities and significant risks.

On Dec 24, 2024, 02:12 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 94,000 USDT and is now trading at 93,961.453125 USDT, with a narrowed 0.09% decrease in 24 hours.

According to BlockBeats, monitoring data from Farside indicates that on December 23, FETH experienced a net inflow of $46.4 million, while ETHW saw a net inflow of $1 million.

According to PANews, Grayscale has announced the opening of private placements for 22 cryptocurrency trust products to qualified investors. These offerings include mainstream tokens such as AAVE, AVAX, LINK, SOL, and XRP, as well as funds focused on specific sectors like decentralized finance (DeFi) and artificial intelligence (AI). Investors can subscribe based on the net asset value (NAV). The newly available products feature thematic funds like the Grayscale Decentralized AI Fund and the Grayscale Decentralized Finance Fund. Additionally, single-asset trusts for emerging protocols such as Bittensor, Lido DAO, and Optimism are also part of the offering.

According to Odaily, on the 24th local time, South Korean ruling party lawmaker Kwon Young-se has been appointed as the chairman of the Emergency Response Committee. This appointment fills the vacancy left by Han Dong-hoon and aims to guide the ruling party forward.

According to PANews, on-chain analyst Yu Jin reported that ETH/BTC long position holder James Fickel has further reduced his position by selling 6,500 ETH, equivalent to approximately $22.24 million, in exchange for 235.6 WBTC to repay his loan. At the peak of his position in late May, Fickel had borrowed 2,987 WBTC, valued at $204.7 million, on Aave to purchase ETH at an average exchange rate of 0.054. However, as the ETH/BTC exchange rate declined, Fickel began reducing his position in August by gradually selling ETH to repay his WBTC loan. Over the past four and a half months, he has sold a total of 59,500 ETH, converting it into 2,398.2 WBTC for loan repayment, with an average selling rate of 0.04. Currently, Fickel still holds a loan of 575.3 WBTC in his ETH/BTC long position.

According to PANews, South Korea's acting President Han Duck-soo intends to announce a tax amendment during the state council meeting on December 24. This amendment includes a two-year postponement of the planned taxation on virtual assets.

According to Odaily, recent indications suggest that Microsoft and OpenAI may be diverging in their collaborative efforts. Reports indicate that Microsoft is exploring the possibility of replacing the OpenAI model currently used in its key product, Copilot.

According to BlockBeats, AAVE has experienced a significant increase in value, rising over 21% in the past 24 hours. As of now, the cryptocurrency is priced at $385.88.

According to Odaily, CertiK Alert has reported that the Moonhacker contract has been targeted in a flash loan attack, resulting in a loss of approximately $320,000. The vulnerability was identified in the Moonwell lending pool on the Optimism platform. The attacker exploited the contract by inputting the attack contract address as 'mToken,' thereby gaining unauthorized access to additional Moonhacker tokens and depleting them.

According to Odaily, monitoring data from iChainfo revealed that Hong Kong's Bitcoin spot ETF experienced a net outflow of 333.69 BTC yesterday.

According to Odaily, the Japanese National Police Agency announced on December 24 that the cyberattack on the cryptocurrency exchange DMM Bitcoin, resulting in the theft of Bitcoin valued at 48.2 billion yen, was orchestrated by the North Korean hacking group TraderTraitor. South Korean authorities have confirmed the criminal activity. The investigation, conducted in collaboration with the FBI and the U.S. Department of Defense Cyber Crime Center, identified the perpetrators of the theft of 4,502.9 BTC in May 2024. TraderTraitor is believed to be affiliated with the North Korean hacker organization Lazarus Group, and the attack was executed in multiple stages. The Japanese police agency stated that it will continue to work with the FBI, other U.S. government agencies, and international partners to investigate North Korean hackers' illegal activities, including cybercrime and cryptocurrency theft. In response to the incident, the police agency, the Cabinet Cybersecurity Center, and the Financial Services Agency have released documents detailing the methods and countermeasures against such attack groups, urging cryptocurrency-related businesses to exercise caution. As a result of the breach, DMM Bitcoin has decided to shut down its exchange operations. The assets and customer accounts will be transferred to SBIVC Trade, with the transition expected to be completed by March 2025.