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Australia’s financial regulator proposes new crypto rules, emphasizing risks and mitigation measures

 Australian Securities and Investments Commission (ASIC) has released a consultation paper suggesting updates to its regulatory guidelines for digital assets, with a focus on compliance requirements under the Corporations Act. The revisions to Information Sheet 225 (INFO 225) include 13 worked examples aimed at clarifying when digital assets qualify as financial products, such as stablecoins, packaged tokens, and staking services. In these examples, ASIC outlines scenarios involving exchange tokens, interest-bearing stablecoins, and tokenized assets such as concert tickets. The draft guidance proposes that classification depends on "inherent rights, interests, expectations, and product features that are offered together with the token." ASIC encourages cryptocurrency companies to apply for an Australian Financial Services License, providing them with a safe harbor from legal action.

2024-12-05 13:21:19

Elon Musk's xAI plans to massively expand AI supercomputer in Memphis

according to market news: Elon Musk's xAI company plans to expand its artificial intelligence supercomputer on a large scale in Memphis. (Jinshi)

2024-12-05 13:21:15

He Yi: Bitcoin breaking through the $100,000 mark proves the power of the community. Let us continue to build and HODL

Binance co-founder He Yi wrote in a post: "I am very happy to witness Bitcoin breaking through the $100,000 mark! This incredible milestone proves the collective efforts and dedication of our amazing community. Every participant on this journey has played a crucial role in shaping the industry we see today. Thank you all for your unwavering support of Binance. Let us continue to build, HODL, work together, and move towards the next growth era of the cryptocurrency world. The future is bright!"

2024-12-05 13:21:11

Botanix Labs Launches Final Testnet for Its Bitcoin L2

Botanix Labs, a L2 platform specifically built for Bitcoin-native DeFi, has announced the launch of the Aragog testnet, marking the latest testnet version of its Spiderchain Bitcoin L2. Aragog replaces the v0 testnet launched in November 2023 and includes "mainnet pre-deployment" of multiple Bitcoin-native applications. The Botanix team stated in a press release that the Aragog testnet brings blockchain solutions closer to its planned mainnet launch in 2025.

2024-12-05 13:21:07

Cathie Wood: ARK Invest believes Bitcoin is more important than gold

ARK Invest CEO Cathie Wood posted on social media that today is a great day for Bitcoin and digital property. Incoming SEC Chairman Paul Atkins will release the constraints on digital assets imposed by Gary Gensler, protecting private property rights in the digital world.

2024-12-05 13:20:54

Coinbase has launched the Solana chain meme coin MOODENG

According to official announcement, Coinbase has launched Solana chain Meme coin MOODENG. If liquidity conditions are met, trading will start at 9 am (Pacific Time) or later on December 4, 2024.

2024-12-04 10:21:38

GSR deposited 280 million RSR to Binance 1 hour ago

 as monitored by The Data Nerd, 1 hour ago, GSR deposited 280 million RSR (approximately 6.66 million US dollars) into Binance. Within 24 hours, they deposited another 265.26 million RSR (10.82 million US dollars) into Binance.

2024-12-04 10:21:37

OpenAI appoints former Coinbase CMO Kate Rouch as first chief marketing officer

On December 4th, OpenAI announced the appointment of former Coinbase Chief Marketing Officer Kate Rouch as the company's first Chief Marketing Officer. It is reported that Rouch will officially start work next Monday.

2024-12-04 10:21:35

BTC breaks through $96,000

market shows BTC breaking through $96,000, currently trading at $96,036.22 with a 24-hour increase of 0.3%. The market is volatile, so please exercise caution and risk management.

2024-12-04 10:21:34

A whale invested $3.1 million in AIXBT and NFTXBT through Wintermute 4 hours ago

According to Yu Jin monitoring, the AAVE and UNI hoarded by this whale/institution have currently made a profit of $41.34 million (+152%). They invested in two AI proxy tokens on virtuals_io through Wintermute four hours ago: transferred 3.1 million USDC to Wintermute and received 6.75 million AIXBT and 31.25 million NFTXBT tokens.

2024-12-04 10:21:33

ORDI breaks through $48

market shows ORDI has broken through $48 and is currently trading at $48.02, with a 24-hour increase of 19.42%. The market is volatile, please be prepared for risk control.

2024-12-04 10:21:31

BNB breaks through $770

 market data shows that BNB has broken through $770 and is now trading at $770.11, with a 24-hour increase of 18.34%. The market is volatile, so please be prepared for risk control.

2024-12-04 10:21:30

FTX liquidation address transferred 378,000 RAY to Binance, worth about $1.99 million

according to PeckShieldAlert monitoring, the address marked as the FTX liquidator's main wallet has transferred 378,000 RAY tokens (worth approximately $1.99 million) to Binance.

2024-12-04 10:21:29

Pump fun deposited another 100,000 SOL to Kraken 5 hours ago

According to a report, Lookonchain monitoring shows that 5 hours ago, Pump fun deposited another 100,000 SOL (worth $23.45 million) into Kraken.

2024-12-04 10:21:27

Trader Eugene: I am exhausted from trading for several weeks in a row and will take a short break in December

trader Eugene posted on social media, "After a hard fight in November, I will take a break in December. Although there are still market opportunities to seize, after weeks of continuous trading, I feel that my psychological resilience is being depleted. I feel cool and chill on the track I'm good at, and if the market gives me a chance, I'll come back."

2024-12-02 08:31:59

XRP market cap exceeds $110 billion

the market value of XRP has surpassed $110 billion, reaching a new high of $110.5 billion, ranking fourth in the cryptocurrency market (excluding stablecoins). Solana currently has a market value of $122.8 billion, ranking third in the cryptocurrency market. XRP is currently trading at $1.93, reaching a high of $1.9575 today, with a 24-hour increase of 1.95%.

2024-12-02 08:31:57

Michael Saylor: It is a good suggestion for the younger generation to invest their savings in BTC

 Fred Krueger, a Bitcoin supporter and a mathematics PhD from Stanford University, posted on X, saying: "My advice to the younger generation is to focus all their energy on artificial intelligence and invest their savings in Bitcoin." In response, Michael Saylor, the founder of MicroStrategy, said: "It's a good recommendation."

2024-12-02 08:31:53

Ethereum price rebound drives NFT market recovery, with NFT sales in November reaching a six-month high

with the recovery of Ethereum prices, the NFT monthly sales in November exceeded 562 million US dollars, a significant increase of 57.8% from October's 356 million US dollars, with Ethereum network sales exceeding 216 million US dollars, a 12% increase from October. However, the monthly NFT transaction volume is still far from reaching its peak in 2024. In March of this year, NFT sales reached a year-high of 1.6 billion US dollars. However, it has been low and reached its lowest point since 2021 in September, at 303 million US dollars.

2024-12-02 08:31:50

Paxos releases first USDG verification report: As of the end of October, the number of Ethereum network tokens was 10,750,140

Paxos, the stablecoin issuer, has released its first USDG attestation report, which reveals that as of 5pm Singapore time on October 31, 2024, the number of tokens held in the USDG contract on the Ethereum network was 10,750,140. The fair value of the redemption assets is at least equal to or greater than $10,750,140, and the number of USDG tokens does not exceed the redemption asset balance in this report. USDG is a Singapore-compliant stablecoin launched by Paxos in collaboration with DBS Bank, which is responsible for managing US dollar reserves.

2024-12-02 08:31:44

Musk says SpaceX could be worth more than $1 trillion

a netizen posted on social media platform X claiming that there are 9 companies in the world with a market value exceeding one trillion US dollars, of which 8 are American companies. In response, Musk replied that SpaceX may one day become one of them.

2024-12-02 08:31:43