Goldrepublic content architect Alexej Jordanov wrote that the BRICS countries have shown strong interest in developing a gold-backed digital currency as part of efforts to reduce international trade's reliance on the US dollar. The article was published by the Official Monetary and Financial Institutions Forum (OMFIF) on Friday. Jordanov discussed how geopolitical changes, including Russia's exclusion from the SWIFT payment network, have prompted the European Union to explore alternative settlement systems. If the proposed single currency is implemented, it will likely be pegged to gold and a basket of BRICS currencies, with distributed ledger technology (DLT) providing transparency and security. US President-elect Trump has said he may impose a 100% tariff on BRICS countries if they launch a currency that challenges the dominance of the US dollar. Whether this stance will lead to concrete action after Trump takes office remains to be seen. "For the BRICS countries, a gold-backed digital currency can bring great benefits. Reduced transaction costs and reduced exchange rate volatility are some of the tangible benefits." He detailed that the BRICS countries account for 40% of the world's population and generate more than 30% of global GDP, slightly more than the G7. Despite their economic strength, the U.S. dollar still dominates global trade, with BRICS currencies playing a smaller role. Intra-BRICS trade has grown 56% since 2017 and accounts for 37% of total transactions within the group in 2022. Jordanov believes that if a gold-based currency is implemented, transaction fees and exchange rate risks could be reduced. The article outlines how the system would work: "By tokenizing gold reserves, each digital unit would be backed by a tangible asset stored in a secure vault and regularly audited to ensure accountability. Smart contracts could dynamically adjust currency weights, reflecting trade patterns and economic conditions. This would enable real-time settlement, reduce delays and foster trust between participants. Such a system could even attract countries outside the BRICS that seek alternatives to the dollar-dominated network, potentially increasing the BRICS group's share of global trade to more than the current 18%." He noted that the BRICS hold a total of 5,700 tons of gold, or 16% of global reserves, while the G7 holds 17,500 tons, or 49%. Jordanov acknowledged the potential benefits but also highlighted the challenges, stating: “Some of the potential benefits of a gold-backed digital currency are clear, but implementation is not easy. Effective coordination among the BRICS countries is required, along with investment in technological infrastructure. Geopolitical obstacles, including potential sanctions and tariffs, add further complexity. Nonetheless, with its strategic gold reserves and economic clout, the BRICS group is likely to continue to advance the idea of ​​reshaping global finance and offering an alternative to the dollar-centric order.” (Bitcoin.com)

OKX market data shows that SOL fell below 180 USDT and is now at 179.99 USDT, a 24-hour drop of 8.28%. (This newsletter is generated by AI)

A striking parallel between current XRP’s price actions in 2024 and its historical rally in 2017, both showed bullish momentum. XRP’s market capitalization mirrored the early stages of its 2017 ascent, suggesting the potential for similarity. The pattern, was followed by a consolidation phase around a key support level. By mid-2017, XRP market cap surged […] The post XRP Price Mimics 2017... source: https://www.thecoinrepublic.com/2024/12/21/xrp-apes-2017-pattern-as-ripples-trump-single-donation-matches-the-largest-in-u-s-whats-next/

This week, 29 blockchain startups raised a total of $752.2 million in funding. Bitcoin mining and hosting company Riot received $594.4 million in funding.

카르다노(ADA)는 단기적으로 15% 추가 하락할 가능성이 제기됐다. 기술적 분석에서는 헤드앤숄더 패턴에 따른 하락세가 예측되나, 온체인 데이터는 장기 투자자들의 긍정적인 태도를 보여준다. 시장 참여자들은 신중한 접근이 요구된다. source: https://inteliview.kr/crypto/article-11060/

GraniteShares Crypto ETFs aim to offer leveraged exposure to crypto-focused stocks like Riot Platforms and MicroStrategy, targeting both 2x long and short strategies. source: https://coincu.com/298228-graniteshares-crypto-etfs-target-us-crypto

According to BlockBeats, on December 22, monitoring by ai_9684xtpa revealed that the address 'HHqC...y8Aqu' is suspected of selling 25,000 SOL, which were acquired two months ago at $169.6 each. This sale could result in a profit of $313,000. The whale still retains 50% of its SOL holdings, equivalent to 25,000 SOL, with an unrealized profit of $310,000. At its peak, the 50,000 SOL had an unrealized profit of $4.738 million when SOL was valued at $264.

Pudgy Penguins CEO Luca Netz retweeted data showing that the number of PENGU holders exceeded 500,000.

Huang Licheng posted on X that he had bought 1% of two different USAcoin tokens and was going to give them to Peter Schiff, because he might not have them himself. One of the USAcoins has a supply of 21 million and the other is launched on pump.fun. Earlier today, economist and gold advocate Peter Schiff once again made it clear that he was against strategic Bitcoin reserves and proposed alternatives that the United States could adopt. Schiff posted on X that the United States could save a lot of money by creating "USA Coin" instead of strategic Bitcoin reserves. Like Bitcoin, the supply of USA Coin is capped at 21 million. He added that the coin should be run through an upgraded blockchain to make it truly usable for payments.

As the CEO of a pioneering crypto-focused mini-app within Telegram, I am deeply engaged in the cryptocurrency ecosystem, consistently monitoring market trends and technological innovations. In my professional opinion, supported by the consensus among researchers and industry experts, Solana (SOL) demonstrates significant potential for exceptional growth in the coming years. Here are the key... source: https://dailyhodl.com/2024/12/21/the-altcoin-landscape-in-2025-potential-contenders-for-outperforming-bitcoin/

According to statistics, at least 10 companies are adopting or considering MicroStrategy's Bitcoin strategy, including: Artificial intelligence company Genius Group: currently holds 294 BTC; Pickup solution provider Worksport: The company's board of directors approved the initial purchase of $5 million worth of BTC and XRP; Amazon: Shareholders proposed that the company's board of directors evaluate the potential benefits of adding Bitcoin to the financial strategy; MicroStrategy: currently holds 439,000 BTC; MARA Holdings: currently holds 44,394 BTC; Tesla: currently holds 9,720 BTC; Coinbase: currently holds 9,480 BTC as part of its reserves; Hut 8 Mining Corp: currently holds 10,096 BTC; Block Inc.: currently holds 8,027 BTC; OneMedNet: currently holds 34 BTC. (crypto.news)

Who will pay for these bonds? Especially in the context of the Fed's continued quantitative tightening (QT), there is great uncertainty about the purchasing power and willingness of institutional investors, who are traditionally considered to be the main buyers.

CoinDesk published a report in late November detailing how Justin Sun ate a banana by contemporary artist Maurizio Cattelan that he purchased from Sotheby’s for $6.2 million.

As the second-generation game of Telegram, Elfbird has disruptive innovation, and its gameplay is more interesting and its ecology is more complete.

Golden Finance launched the 2546th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

When Satoshi Nakamoto launched Bitcoin, he probably didn’t expect that this “spark” would have such a “raging fire” effect.

The Web3 industry is developing so fast that new things appear every day. Therefore, many daily thoughts are worth recording.

Usual can be described as a "vampire" attack on USDT/USDC, just like Sushi's "vampire" attack on Uniswap in the summer of DeFi in 2020

​The 2024 U.S. presidential election has become one of the most watched elections in recent years.

人工智能,算力,AI的新视角：从算力之战到能源之争 金色财经,重视核电与天然气在 AI 时代的机会。