David Sacks: Started buying BTC in 2013, PEPE breaks through $0.000026

Headline

▌David Sacks: Started buying Bitcoin in 2013

David Sacks, Trump's newly appointed White House AI and cryptocurrency director, forwarded his previous ten views on Bitcoin on X, including: He started buying Bitcoin in 2013 when the price was only $130, and it has increased by 76,000% so far; He has a deep understanding of the importance of Bitcoin as a decentralized currency and its role in hedging against the depreciation of fiat currency; He believes that Satoshi Nakamoto should become a billionaire and highly recognizes the importance of his invention; He is making a fictional movie about Satoshi Nakamoto, "similar to watching "The Social Network" without knowing who Zuckerberg actually is"; He emphasizes the practicality of Bitcoin as a highly portable, non-confiscable value storage tool; He believes that Bitcoin has the potential to separate currency and state; He is not a Bitcoin extremist, but believes that Bitcoin's advantages may be the most obvious among all cryptocurrencies, and its price and relative stability also reflect this; Through Craft Ventures has invested in Bitcoin companies such as Lightning Labs, Fold, Bitwise and Bitgo; After PayPal, I never thought I would be interested in payments, but then Bitcoin appeared, "Bitcoin is realizing PayPal's original vision of creating a new world currency"; Deeply understand the significance of Bitcoin as a digital scarcity invention.

▌PEPE breaks through $0.000026, setting a new record

The market shows that PEPE breaks through $0.000026 and is now quoted at $0.00002636, a new record high, with a 24-hour increase of 19%, and a market value of over $11 billion, now quoted at $11.1 billion, surpassing UNI to set a new record high. The market fluctuates greatly, so please do a good job of risk control.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $99,844.13, with a daily increase or decrease of -0.5%;

ETH's latest transaction price is $3,993.00, with a daily increase or decrease of -0.0%;

BNB's latest transaction price is $749.27, with a daily increase or decrease of +1.7%；

SOL's latest transaction price is 238.83 US dollars, with a daily increase or decrease of +1.2%；

DOGE's latest transaction price is 0.4595 yuan, with a daily increase or decrease of +5.0%；

XPR's latest transaction price is 2.57 US dollars, with a daily increase or decrease of +3.9%。

Policy

▌South Korean Prosecutors' Office announces arrest of former Defense Minister Kim Yong-hyun

On the 8th local time, the South Korean Prosecutors' Office announced the arrest of former Defense Minister Kim Yong-hyun and accused him of suspected involvement in the "Presidential Martial Law Incident" on December 3. Former South Korean Defense Minister Kim Yong-hyun took the initiative to go to the Prosecutor's Office for investigation at around 1 a.m. local time on the 8th.

▌Former US Silvergate executives accuse regulators of suppressing their closure

Chris Lane, former chief technology officer of Silvergate Bank in the United States, recently stated on the social platform X that regulators passed measures to restrict crypto customers' US dollar deposits in the spring of 2023, causing Silvergate to lose its core business model and eventually close. He criticized this as a "sudden regulatory crackdown" and believed that the bank had solvency and liquidity before voluntary liquidation. Silvergate Bank was once an important supporter of the crypto industry, and its closure was seen as part of the "Choke Point 2.0" action, which is a move to restrict the digital asset industry from entering the banking system.

Blockchain Applications

▌Crypto and AI Fusion Projects Questioned, VCs Say Investment Risks Are High

At the Emergence Conference in Prague, Dragonfly Partner Rob Hadick and CoinFund Managing Director David Pakman expressed caution about projects in the intersection of crypto and AI. Hadick pointed out that investing in AI agent projects is extremely risky and most investors may suffer heavy losses, and said that many decentralized AI projects currently find it difficult to challenge mainstream centralized players. Pakman added that while AI has the potential to improve the efficiency of crypto development, decentralized AI systems are unlikely to overthrow giants such as OpenAI in the short term. They suggest that projects focus on practical needs, such as improving payment and application interaction scenarios.

▌Blast launches the sixth phase of the second phase of the "Gold Points" distribution

Blast announced on X that the sixth phase of the second phase of the "Gold Points" (Gold Distribution 6) is now online, providing a total of 11 million new Blast Gold to DApps. The top three projects in terms of allocation are Thruster (1679048), Fantasy (1119365), Predict.fun, IKB, Baseline Protocol, and BLASTR (the last four projects are all 671619).

Cryptocurrency

▌A whale spent 2.262 million USDC on the chain to buy 91.36 billion PEPE 15 minutes ago

According to the on-chain analyst Yu Jin, 15 minutes ago, a whale used 2.262 million USDC on the chain to buy 91.36 billion PEPE at a price of 0.00002476 US dollars.

▌BNB breaks through 750 US dollars

The market shows that BNB has broken through 750 US dollars and is now at 750.15 US dollars. The 24-hour increase has reached 2.77%. The market fluctuates greatly, so please do a good job of risk control.

▌President of The ETF Store: Nine of the top ten ETFs by asset management scale are related to cryptocurrencies

Nate Geraci, president of The ETF Store, said that 670 ETFs have been launched in 2024, and nine of the top ten ETFs by asset management scale are related to cryptocurrencies, which completely dominates (given that GBTC is a listed product, the top 11 ETFs are included here).

▌In the past 24 hours, the entire network has a liquidation of US$168 million, and the liquidation amount of XRP exceeds BTC

Data shows that in the past 24 hours, the entire network has a liquidation of US$168 million, of which long orders have a liquidation of US$84.5458 million and short orders have a liquidation of US$83.2068 million. XRP exploded by $16,000,200, surpassing BTC ($12,635,000) and ETH ($8,971,100).

Important Economic Dynamics

▌The U.S. Treasury Department called Bitcoin "digital gold" in its fourth quarter report

The U.S. Treasury Department called Bitcoin "digital gold" in its fourth quarter report.

Golden Encyclopedia

▌What is chain abstraction?

Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks. Blockchain chain abstraction aims to solve this problem by hiding or "abstracting" the technology from the user. This means that people don't know they are using a blockchain or which blockchain they are using. Chain abstraction works by providing a single interface that enables users and developers to interact with multiple blockchains without having to manage the complexity of each individual chain.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.