According to Odaily, the Australian Securities and Investments Commission (ASIC) is actively seeking feedback on its proposed cryptocurrency guidelines. The regulatory body has emphasized the importance of transparency in the evolving digital asset landscape. In response to ongoing calls from stakeholders for clearer regulations, ASIC has released a draft of updated guidelines. The initiative aims to address the concerns of various stakeholders who have been advocating for more transparent regulatory frameworks in the cryptocurrency sector. By inviting feedback, ASIC intends to refine its approach to ensure that the guidelines effectively meet the needs of the industry while safeguarding investor interests. This move is part of a broader effort to adapt to the rapidly changing dynamics of the digital currency market and to provide a stable regulatory environment. ASIC's call for feedback underscores its commitment to engaging with industry participants and other interested parties. The feedback process is expected to play a crucial role in shaping the final version of the guidelines, which will ultimately influence how cryptocurrencies are regulated in Australia. This development highlights the ongoing dialogue between regulators and the cryptocurrency community, aiming to balance innovation with regulatory oversight.

According to Odaily, since the U.S. elections on November 5, there has been a noticeable increase in the amount of Bitcoin transferred by active whale addresses to exchanges. Despite this uptick, the adjusted SOPR (Spent Output Profit Ratio) indicator has not yet shown significant profit-taking activity. This suggests that while there is a potential for short-term selling pressure due to the large inflow of Bitcoin, the fact that these assets have not been immediately sold indicates they might be intended for other purposes. These could include hedging, over-the-counter transactions, or being used as collateral. This behavior reflects a 'wait-and-see' strategy currently being adopted by whales. In summary, although there is no immediate selling pressure at present, the continuous increase in Bitcoin inflows to exchanges highlights the potential risk of future sell-offs. Therefore, it is crucial to closely monitor these developments to anticipate any possible market impacts.

CryptoQuant contributor Onat Tütüncüler posted that since the US election on November 5, an increase in the number of Bitcoin transfers from active whale addresses to exchanges has been observed. However, the adjusted SOPR indicator is yet to show significant profit-taking activity. While large inflows into Bitcoin suggest there may be short-term selling pressure, the fact that these assets are not immediately available for sale means they may be used for other purposes, such as hedging, over-the-counter trading, or as collateral. This behavior reflects the "wait and see strategy" the whales are currently adopting. In summary, while there is no immediate selling pressure, the increasing flow of Bitcoin into exchanges highlights the potential risk of future selling. Therefore, these movements should be closely monitored to anticipate any possible market impact.

President-elect Trump has pledged to make the United States the global home for cryptocurrencies and even supports the idea of ​​a strategic national Bitcoin reserve, though industry insiders have questioned whether the latter goal is feasible. TD Cowen analyst Jaret Seiberg wrote in a report that a Bitcoin reserve is at odds with Trump's "firm" view of the dollar as the world's key currency. Seiberg said: "Trump will likely still promote a Bitcoin reserve on social media or mention it in speeches, which is not the same thing as leveraging the significant political capital required to achieve this goal." (Bloomberg)

Australia's securities regulator ASIC is seeking feedback on proposed cryptocurrency guidelines. It said, "Stakeholders have been calling for greater transparency, and in response, we have published updated draft guidelines." (Cointelegraph)

According to PANews, South Korean Prime Minister Han Duck-soo held a press conference on December 4, expressing a deep sense of responsibility for the recent events that have unfolded. During the conference, he emphasized his commitment to serving the citizens alongside the State Council members until the very end. Han urged the cabinet members to continue fulfilling their duties diligently. The Prime Minister's remarks come at a time when the nation is facing various challenges, and his statement reflects the government's dedication to addressing these issues. Han's call for continued diligence among cabinet members underscores the administration's focus on maintaining stability and ensuring effective governance. The Prime Minister's message aims to reassure the public of the government's unwavering commitment to their welfare and the nation's progress.

According to Odaily, Canadian publicly traded company Bitcoin Well Inc. has made a strategic decision to adopt Bitcoin as a reserve asset. This move aligns with the company's broader financial strategy and reflects a growing trend among corporations to incorporate digital currencies into their asset portfolios.Bitcoin Well Inc. is also in the process of raising $2 million to facilitate the purchase of additional Bitcoin. This fundraising effort underscores the company's commitment to expanding its holdings in the cryptocurrency market. The decision to increase Bitcoin reserves is indicative of the firm's confidence in the long-term value and stability of Bitcoin as a financial asset.

Canadian public company Bitcoin Well Inc. adopts Bitcoin as a reserve asset and is raising $2 million to buy more BTC. (Bitcoin Magazine)

Virgin Voyages has announced that it will launch its new “Annual Pass” program starting in 2025, while purportedly becoming the “first cruise product to accept cryptocurrency.” According to a recent blog post, the company will accept Bitcoin as a form of payment for the new service, with a standard upfront fee of $120,000 per cruise, plus taxes. There is no indication as to when or if Virgin Voyages will consider expanding its cryptocurrency payment options. The Annual Pass offers unlimited cruises over a year on a first-come, first-served basis. The company said the product was conceived after the success of its “Season Pass” program and is primarily targeted at remote workers. (Cointelegraph)

According to Foresight News, SlowMist has published comprehensive data regarding the recent theft involving Dexx. Victims of the incident can now verify if their addresses were compromised by consulting the provided spreadsheet. This document allows users to check whether their addresses have been flagged as involved in the theft. The spreadsheet serves as a crucial tool for affected users, enabling them to determine if their addresses are mistakenly identified as 'hacker' addresses. This is particularly important for users who may have transferred their balances independently and need to ensure their addresses are not wrongly categorized. SlowMist's initiative aims to provide clarity and assistance to those impacted by the security breach, offering a transparent method for verification and rectification. By making this data accessible, SlowMist underscores its commitment to supporting victims and maintaining transparency in the aftermath of the Dexx theft. Users are encouraged to review the spreadsheet carefully to confirm the status of their addresses and take necessary actions if discrepancies are found. This proactive approach is intended to mitigate further confusion and assist in the recovery process for those affected by the incident.

Hydra market founder Stanislav Moiseev and 15 of his associates were sentenced to between 8 and 23 years in prison for their involvement in a darknet market and cryptocurrency mixer.

Grayscale has taken another major step toward expanding its influence in the digital asset market.

A spokesman for the White House National Security Council said in a statement that the South Korean president issued an emergency martial law order "without prior notice" to the Biden administration, and the White House did not receive any notification.

President-elect Trump has approached pro-crypto advocate Paul Atkins to lead the SEC, but insiders say the challenge of reforming Gensler's contentious agency may dissuade him.

This article uses the chaebol economy as a starting point to analyze South Korea's path to modernization and to reflect on the East Asian paradigm behind it.

Meme coin has almost occupied the top position in this round of bull market. Why? Because it has several unique characteristics.

My preference for productive assets with development arcs remains the same, but my appreciation for the broader potential of memecoin is much broader.

Virgin Voyages is making history as the first cruise line to accept Bitcoin, expanding on its innovative seasonal passes for unlimited voyages. Will this bold move chart success or face rough seas?

South Korean President Yoon Seok-yeol lifted martial law six hours after tensions mounted in the country's National Assembly.

South Korean President Yoon Seok-yeol suddenly declared a state of martial law across the country and emphasized in a televised speech that the move was aimed at "protecting a free South Korea, resisting the threat of North Korean communist forces, and eliminating anti-national forces from the North (pro-North Korea)."