Chairman Gary Gensler also sued! “18 U.S. state attorneys general” jointly sued the SEC for overstepping its authority in law enforcement
According to court documents filed on Thursday, 18 U.S. states jointly filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), accusing the SEC of "overstepping its authority" under the leadership of Chairman Gary Gensler and trying to "intervene in states' regulation of digital assets." Supervision".
Suing the SEC for Violations of the (Federal Administrative Procedure Act)
The lawsuit was jointly initiated by 18 Republican state attorneys general and the Decentralized Finance Education Fund (DeFi Education Fund). It has been filed in the Eastern District Court of Kentucky (Kentucky). The defendants include the SEC, Chairman Gary Gensler and 4 other SEC members.
Hacked nearly 120,000 Bitcoins 8 years ago! ‘Bitfinex Thief’ Sentenced to 5 Years in Prison for Money Laundering
According to (Bloomberg) reports, “cryptocurrency thief” Ilya Lichtenstein, who hacked into Bitfinex and stole nearly 120,000 bitcoins in 2016, was sentenced to 5 years in prison for money laundering and other crimes.
The U.S. Department of Justice (DOJ) uncovered the cryptocurrency theft case in February 2022 and arrested Ilya Lichtenstein and his wife Heather Morgan on suspicion of "conspiracy to launder money" and "defraud the U.S. government."
The two crimes Ilya Lichtenstein was charged with have maximum sentences of 20 years and 5 years respectively. However, the prosecutor considered that he actively cooperated with investigations in many cases, including providing policies in the case of Bitcoin mixing service Bitcoin Fog, so it was recommended to start from Light sentence.
Fed's Ball "throws cold water" on interest rate cut! Bitcoin once fell below $87,000, and Ethereum fell back to the 3,000 mark
U.S. Federal Reserve (Fed) Chairman Jerome Powell issued a "hawkish" signal on Thursday, suggesting that "the U.S. economy is strong" and "the Fed does not need to rush to cut interest rates", suppressing market expectations for an interest rate cut in December. After the election The cryptocurrency market fell today (15th), with Bitcoin once falling below $87,000.
In a speech to business leaders in Dallas on Thursday, Ball emphasized that "the U.S. economy has not sent a signal that it urgently needs to cut interest rates" and "the resilience of the economy allows us to make decisions more cautiously." The market interpreted Ball's remarks as more hawkish, implying that "the U.S. economy is strong and there is no need to rush to cut interest rates."
MICA Daily|Bitcoin retreats from bullish gains, but the bullish momentum has not yet dissipated
The price of Bitcoin has continued to rise in the past few days, with the price reaching as high as $93,000, a record high. It has also driven up the prices of other small and medium-sized cryptocurrencies and altcoins. However, the increase in Bitcoin is still greater than that of other alternative coins, showing that investor funds In particular, formal institutional funds continue to buy Bitcoin spot ETFs, which have not yet spilled over to Ethereum or other targets, which also caused Bitcoin's market share to exceed 60% for a time.
After encountering resistance at US$93,000, Bitcoin first fell back to US$88,000, but then rebounded back above US$90,000, mainly driven by the increase in inflows of the US Bitcoin ETF. It fell back to US$88,000 for consolidation early this morning. The reason behind this is also There is nothing special. When the price rises too much, investors begin to take profits, and the profits are settled on large positions. That is why the price of Bitcoin fluctuates so much.
A squirrel and a meme coin can save America? Let’s review Peanut’s past and present lives
Author: Deng Tong, Golden Finance
At around 9:00 on November 14, the market showed that PNUT (Peanut the Squirrel) briefly exceeded US$2.5 and reported at US$2.4158, continuing to hit a record high, with a 24-hour increase of 422.3%.
This isn’t the first time PNUT has turned heads with a rally. At around 20:00 on November 13, PNUT briefly exceeded US$1.5 and reported at US$1.515, with a 24-hour increase of 247.41%; on November 11, affected by the launch of Peanut the Squirrel (PNUT) on Binance, PNUT briefly touched US$0.28, within 1 hour. An increase of 141.15%.
But the story of the squirrel goes far beyond that. In addition to the rise and fall of Meme coins, this squirrel is associated with too many labels - the US election, Trump, Musk, euthanasia... More stories will come from the United States Let’s talk about it before the election.
Super crazy! Before Bitcoin reaches 100,000 US dollars, people shout "Look at 500,000 US dollars". What is the logic behind it?
After Donald Trump, who supports cryptocurrency, was elected president of the United States, the price of Bitcoin has been soaring, hitting new highs one after another. Bitwise Chief Investment Officer Matt Hougan further put forward a bold view, believing that "Bitcoin is expected to soar to $500,000 in the future." He also emphasized that this target price will become a key watershed for "Bitcoin's maturity." Now, Bitcoin Still in the "early stages" of this journey.
According to CoinGecko market data, after Bitcoin broke through the US$90,000 mark yesterday (13th) night, it seemed to have opened up the "Rent and Governor" and continued to rush upward, reaching a maximum of US$93,477, setting a new high record. At the time of writing, Bitcoin’s gains have subdued and are trading at $91,034.
Investors snap up call options, betting on "Bitcoin breaking through $100,000"
Bitcoin surged last night (13), breaking through the resistance level of $90,000, and then reached a new all-time high of $93,000 in the early morning. At the same time, traders on the Chicago Mercantile Exchange (CME) are also expanding their bets that "Bitcoin will break through $100,000."
Traders are flocking to CME Group’s “$100,000 Call Option,” according to CF Benchmarks.
CME Group is a platform favored by institutional investors, and the latest rush to call Bitcoin options follows a trend from cryptocurrency derivatives trading platform Deribit. A call option gives investors the right to buy an underlying asset at a predetermined price before a specific date, but the holder of the call option does not have to perform the purchase action.
Involving the "SBF bribery of Chinese officials case"! U.S. authorities target “a Binance account” to seize $16 million
After more than a year of investigation, the U.S. Department of Justice (DOJ) recently filed a civil forfeiture lawsuit and applied to seize the assets involved in the "SBF Bribery of Chinese Officials Case." This cryptocurrency, worth US$16 million, is currently stored in a currency in your Binance account.
SBF bribery case
According to court documents dated November 12, the Binance account contained multiple cryptocurrencies, including ICP, AVAX, XRP, ADA, and SOL. The account allegedly received almost daily deposits of stablecoins and Bitcoins, which were then quickly exchanged for other assets.
[Madman Talks about Trends] Value investment is in vain, Stud MEME Coin Lives in the Palace
Madman said…
Among the top 100 cryptocurrencies by market capitalization, the total market capitalization of the MEME currency field has reached US$110 billion, of which $DOGE and $SHIB account for 70%, and the other 11 account for 30%. It really corresponds to that sentence: value investment is a bust, stud MEME currency lives in the palace.
The combined market value of these MEME coins exceeds that of SOL. Is this good or bad? Will PVP continue and the overall price rise 5 times more than ETH? Or can one $DOGE completely kill SOL this cycle? Although the overall situation is so strong, Bitcoin's market capitalization ratio has still not changed. To shake this ratio, what is needed is for Ethereum and alternative coins to take off together, not just MEME coins, so strictly speaking, it is not yet The peak season of altcoins is just a MEME feast~
The Republicans control the House and Senate, and Trump is fully in power! Cryptocurrency will usher in “big policy benefits”?
The Republican Party of US President-elect Donald Trump successfully won both houses of Congress and entered the "era of complete governance", paving the way for "promoting cryptocurrency legislation" and reshaping the development direction of digital assets.
According to (AP) reports, Republicans currently win at least 218 of the 435 seats in the House of Representatives, maintaining their majority.
This means that the Republican Party will dominate the influential "House Financial Services Committee" and have the power to supervise federal agencies such as the U.S. Securities and Exchange Commission (SEC) and the Federal Reserve (Fed). The current chairman, Republican Rep. Patrick McHenry of North Carolina, will retire in January, so a new face is coming to this important position.
Robinhood and Coinbase announced their listing! Meme currency PEPE soared and its market value exceeded US$10 billion
Robinhood and Coinbase, two major platforms in the United States, announced last night (13th) that they would list the meme currency PEPE, instantly igniting a frenzy in the cryptocurrency community and inspiring the price of PEPE to skyrocket by nearly 80%, hitting a record high of US$0.00002457. The market value of the currency exceeded US$10 billion.
According to CoinGecko market data, PEPE is currently trading at $0.00002438, an increase of 79.1% in the past 24 hours, a single-week increase of more than 130%, and a market value of $10.2 billion, making it the 17th largest cryptocurrency.
Launched in April last year, PEPE is a meme coin themed after the classic internet meme picture Pepe the Frog. According to the official website, PEPE has no intrinsic value and no formal team or roadmap. It is a cryptocurrency "for entertainment only". However, it has been highly sought after by the market since its launch and has now become the successor to Dogecoin (DOGE). , Shiba Inu Coin (SHIB), and BONK, it is the fourth meme coin to be listed on Coinbase.
MICA Daily|Polymarket is being investigated by the U.S. Department of Justice for allegedly serving U.S. users
According to (Bloomberg) reports, the FBI raided the New York apartment of Shayne Coplan, CEO of the cryptocurrency prediction and gambling platform Polymarket, in the early morning of November 13 and seized his mobile phone and electronic devices. The authorities suspected that Polymarket was suspected of allowing American users to conduct transactions and violated regulations. Previous Agreements with Regulators.
Under Polymarket’s agreement with the Commodity Futures Trading Commission (CFTC) in 2022, the platform cannot allow US users to trade, however as the November 5 US presidential election approaches, demand for election betting has soared, so Polymarket quickly Going viral, the platform also claims its predictions are more accurate than traditional polls.
Sell your Bitcoin too soon! The German government made $1.6 billion less, and the U.S. government "leaked a big fish"
This summer, the German government sold 50,000 Bitcoins in two months. The heavy selling pressure once made the cryptocurrency market cry. As a result, it missed out on this surge in the market and made $1.6 billion less. However, with the U.S. government This pales in comparison to the potential gains that are being missed.
In order to monetize the assets involved in the pirated film and television paradise "movie2k.to", the German government sold 50,000 Bitcoins at an average unit price of US$57,600 about four months ago, cashing out a total of US$2.88 billion.
Unexpectedly, in the following months, the price of Bitcoin rebounded all the way, not only returning to historical highs after the US election, but also skyrocketing by nearly $10,000 on November 11, the largest single-day increase in history. Had the German government stepped in later, the asset would now be worth as much as $4.5 billion, a potential gain of 56% more.
Xiao Feng, Chairman of HashKey Group: Trump’s support for cryptocurrency will help China lift the ban on the digital asset market
Industry insiders believe that U.S. President-elect Trump’s pledge to support the cryptocurrency industry may provide new impetus for China to revitalize the digital asset market.
Xiao Feng, chairman of Wanxiang Blockchain and chairman and CEO of HashKey Group, said in a recent interview with the South China Morning Post:
If the U.S. Congress and the incoming president make cryptocurrency policy clear, continue to push for legislation and promote this industry, it will surely become a driving force for China to accept cryptocurrency.
According to Xiao Feng, sanctions imposed by Washington and Western allies on Russia in 2022 to force Russia to abandon its invasion of Ukraine, including excluding Russia from the SWIFT international wire transfer system, may also persuade Beijing to support the cryptocurrency industry. He said:
[Madman talks about trends] Don’t be afraid to stick in, be brave and pick up the chips
Madman said…
Bitcoin has once again reached a position close to US$90,000 (posted at 3:44 am). Combining various data and bull market cycles, madmen first make a judgment. The bull market is not over yet, and a short-term retracement is around the corner.
The bull is not over, it does not mean that the market will not correct, but there is no sign of peaking yet, keep a steady mind, sit still and hold on patiently, do you still remember the cup-handle K-line chart that the madman gave you before? After new highs, there are still waves of trends. We are still in the first wave. There will be adjustments later and new highs will be reached again. The bull market process does not happen overnight, but requires one platform after another.
How long can Bitcoin continue to rise? Analysts reveal that the timing of the "bull market peaking" may coincide with a U.S. economic recession
If history is any guide, the Bitcoin bull market could peak next May, roughly 200 days away, Copper.co analysts say. Although the shadow of the U.S. recession lingers, analysts point out that technical indicators such as the relative strength index (RSI) show that Bitcoin still has "room for significant gains" in the coming months.
In the latest report, the Copper.co research team conducted an in-depth analysis of Bitcoin’s market capitalization growth trajectory in past bull and bear cycles and found that Bitcoin’s market cycle lasted approximately 756 days on average, with “market capitalization growth turning positive” as the starting point, “ "The price reaches the top" is the end point.
He once expressed his support for the "Bitcoin Strategic Reserve"! "He" is the Treasury Secretary in Trump's new administration who has the loudest voice
According to comprehensive foreign media reports, Scott Bessent, a hedge fund billionaire who has publicly supported Bitcoin, is considered a popular candidate to serve as Treasury Secretary in the Trump administration.
(Bloomberg) Quoting people familiar with the matter, Scott Bessent has been endorsed by many of Trump’s advisers. Although Trump has not made a final decision and has not offered the position of Treasury Secretary to any candidate, Scott Bessent’s contribution during the campaign has Whether he is raising funds, helping to write economic-related speeches, or drafting policy proposals, he has won Trump's respect.
"90% of reserve funds" are all-in Bitcoin! Genius Group shares soar 66%
Genius Group (GNS), a well-known education technology group in Singapore, announced on Tuesday that it has decided to adopt Bitcoin as its "main financial reserve asset" and promised that more than 90% of the company's "existing or future new" reserve funds will be Held in the form of Bitcoin.
After the news came to light, the company's stock price soared more than 66% to $1.05 on Tuesday, and rose nearly 60% to $1.67 after the bell.
Genius Group, which is listed on the US stock market, is an online education service group that makes extensive use of education technology (Education Tech) and artificial intelligence (AI) technology to provide education services for all ages, as well as across fields and countries.
Quickly call him 'Minister of DOGE'! Trump's establishment of the 'Department of Government Efficiency' will definitely be led by Musk
U.S. President-elect Trump announced today (13th) the appointment of Tesla CEO Musk (Elon Musk) and Strive Enterprises co-founder Ramaswamy (Vivek Ramaswamy) to jointly lead the newly established 'Department of Government Efficiency' (DOGE).
Trump stated in a declaration: "These two outstanding Americans will work together to pave the way for my government to reform the bureaucracy, cut excessive regulations, eliminate wasteful spending, and reorganize federal agencies."
Trump mentioned that this initiative will become an important part of the 'Save America' movement, and the statement quoted Musk's words, stating: "This reform will cause a shock within the system; there are quite a few people wasting resources in the government!"
MICA Daily|Raising operating funds, the Ethereum Foundation continues to sell ETH for liquidation
According to data from the blockchain analysis platform Spot On Chain, the Ethereum Foundation sold 100 Ether yesterday (12th), marking the first sale since the operational report was released last week. However, the market's bullish sentiment successfully offset the foundation's sale, and the price of Ether has remained strong after the recent sale, increasing over 32% in the past week, with the current trading price exceeding $3,230, thanks also to purchases by institutional investors. The inflow of funds into Ether spot ETFs has reached a record high of $295.5 million.
Spot On Chain revealed that the Ethereum Foundation has sold a total of 4,266 Ether this year, raising $11.83 million, with an average selling price of $2,773 per Ether. The foundation sold 1,250 and 300 Ether in September and October respectively, employing a strategy of phased selling to avoid significantly impacting market prices.