Vitalik Buterin, Zuzalu, IOSG | Emerging Pop-up Cities Golden Finance, We are witnessing an extraordinary transformation in the field of human collaboration.

According to ShibDaily, David Marcus, the former head of Facebook's Libra project, has claimed that political opposition was the primary reason for the failure of the stablecoin initiative. In a detailed post on X, Marcus described the project's shutdown as a "100% political kill," attributing it to actions by regulators and government officials behind the scenes. The Libra project, which was later rebranded as Diem, aimed to create a global digital currency to facilitate fast, low-cost cross-border transactions. Its goals included providing financial inclusion for the unbanked, offering a stable alternative to volatile cryptocurrencies, and streamlining digital payments through blockchain technology. Despite extensive briefings with key regulators before its launch, Libra faced significant global resistance. Marcus recounted that following the project's announcement in June 2019, he was called to testify before the Senate Banking Committee and the House Financial Services Committee just two weeks later. This marked the beginning of two years of continuous efforts to address lawmakers' and regulators' concerns. By spring 2021, after tackling issues related to financial crime, money laundering, consumer protection, and reserve management, Marcus stated that the company was prepared to launch. However, he alleged that U.S. Treasury Secretary Janet Yellen warned Federal Reserve Chair Jay Powell that supporting the project would be "political suicide," effectively halting its progress. Marcus also claimed that the Federal Reserve began contacting participating banks, reportedly advising them that while they couldn't be stopped from proceeding, there was discomfort with their involvement. Concerns among lawmakers and regulators centered on the potential impact of a Facebook-backed currency on the global financial system and the control central banks have over currency. Marcus and several key figures involved in the project departed in late 2021. In his concluding remarks, Marcus emphasized the lessons learned from the experience, advocating for a truly open global financial network based on Bitcoin, which he described as the most neutral, decentralized, and secure asset. He asserted that Bitcoin is "hands down" the best choice for such a network.

According to Odaily, macro researcher Adam from Greeks.live shared an analysis on the X platform, highlighting recent trends in the volatility index (IV) for major cryptocurrencies following the completion of monthly settlements. The data indicates a noticeable decline in the implied volatility across various timeframes compared to the previous week. For Bitcoin (BTC), both short-term and medium-term implied volatility have dropped below 55%, reflecting a significant decrease in market expectations for price fluctuations in the near future. This trend suggests a more stable outlook for BTC in the coming weeks and months. Meanwhile, the long-term implied volatility for BTC has also fallen below 60%, indicating a similar sentiment for extended periods. In contrast, Ethereum (ETH) maintains a higher level of implied volatility in the short to medium term, with figures still exceeding 70%. This suggests that market participants anticipate more significant price movements for ETH compared to BTC in the short run. The disparity in volatility levels between BTC and ETH highlights differing market dynamics and investor expectations for these leading cryptocurrencies.

According to data from Trader T, BlackRock and MicroStrategy have emerged as the two largest entities holding more than 400,000 Bitcoin combined, accounting for approximately 2% of the 19,893,231 BTC currently in circulation.Bitcoin ETFs now own roughly 6% of the total supply, reflecting a 1% increase over the past five months. Meanwhile, 1,106,775 BTC remains to be mined, valued at approximately $106 billion at current market prices.This data underscores the growing institutional adoption of Bitcoin, with key entities like BlackRock and MicroStrategy leading the charge. As ETFs expand their share of Bitcoin's supply and the remaining mineable Bitcoin dwindles, the dynamics of Bitcoin's market distribution continue to evolve.

The mindshare of XRP and older altcoins has grown significantly in the last 24 hours. This time around, the list includes older coins and tokens, re-entering consideration after the meme craze. Kaito’s mindshare metric is one of the timely indicators measuring social media exposure for all assets. The XRP rally coincided with the biggest daily […] source: https://www.cryptopolitan.com/top-altcoins-bull-cycle-mindshare/

Justin Sun, founder of TRON, posted on the X platform: "The SunPump live streaming feature is now online. Please try it and tell me if it works well."

According to the official announcement, the US energy company Enron announced a restart, and the official website mentioned decentralized technology. The official website said that some important matters will be announced in the next 8 days, and no tokens have been launched yet, so please do not be fooled. According to GMGN data, the Enron Meme with the same name appeared on the Solana chain, and the market value once reached 6 million US dollars, but it has now fallen by more than 90%.

The post Will CZ and Binance Save WazirX Users Amid Fund Freeze Allegations? appeared first on Coinpedia Fintech News The ongoing issue between WazirX and Binance escalated further when the user said that they lost money in the WazirX hack and tagged Binance’s co-founder and former CEO in his tweet. In tears, the user posted and said this: “Time has proven that you were right. 😞😞😞😭😭 All funds... source: https://coinpedia.org/news/will-cz-and-binance-save-wazirx-users-amid-fund-freeze-allegations/

Greeks.live macro researcher Adam published an analysis on the X platform. After the monthly delivery was completed, the IV of each major term fell to varying degrees compared with a week ago. The short-term and medium-term IV of BTC was already below 55%, and the medium- and long-term IV was also below 60%. The short-term and medium-term IV of ETH was still above 70%.

The Japan FSA (Financial Services Agency) has issued an official warning to five foreign cryptocurrency exchanges for conducting business in the country without the necessary registration. Under Japanese law, any platform providing cryptocurrency trading services in the country is required to register with the FSA and its Finance Department.  The five exchanges under scrutiny — KuCoin,... source: https://news.shib.io/2024/12/02/japan-fsa-warns-crypto-exchanges-kucoin-bybit-others-for-unregistered-operations/?utm_source=rss&utm_medium=rss&utm_campaign=japan-fsa-warns-crypto-exchanges-kucoin-bybit-others-for-unregistered-operations

Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms. source: https://cointelegraph.com/news/us-bitcoin-reserve-adoption-government?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

In November 2024, a total of 21 hacking incidents occurred, resulting in a loss of approximately US$76.86 million, of which US$25.5 million was returned. The causes of the incidents involved contract loopholes, account hacking, and price manipulation.

As large language models revolutionize content creation, the use of artificial intelligence will grow significantly, with global revenue in the field expected to grow from $30 million today to $70 billion to $150 billion by the end of this decade.

A true paradigm revolution is by no means a pilgrimage of return as a convert to the old order, but a firm exploration of the new world beyond experience as a rebel.

With the bull market in hand, 2024 is an exciting year for Layer 1 (L1) blockchain.

Recommended readings tonight: 1. Can XRP still be bought after a 400% increase in a single month? 2. The risk of a dollar collapse is increasing. Is BTC, standing at a fiscal crossroads, a savior? 3. Ripple and XRP: Encryption policy drive and decentralization challenges;

For stablecoins pegged to the US dollar like USDC, MiCA stipulates that their issuers must obtain an Electronic Money Institution (EMI) license and ensure that the reserves of the stablecoin match its circulation.

BTC, Trump, Will the controversial "establishment of a BTC national reserve" become a reality? Golden Finance, A huge policy shift is about to take place at the regulatory level

AI-powered virtual pets are gaining popularity in China, driven by the demand for emotional support and low-maintenance companionship. These pets, like Cupboo and Moflin, offer interactive experiences with advanced AI that can remember past interactions, engage in conversations, and even assist with tasks, appealing to a wide range of consumers.