Nano Labs, a crypto mining chip design company, announced that it has invested in Bitcoin through Hashkey, a licensed virtual asset trading platform in Hong Kong. As of December 10, 2024, the company held approximately 55.6 Bitcoins, worth approximately US$5.5 million, with an average price of approximately US$99,400, including transaction fees. This strategic investment reflects the company's commitment to diversified asset allocation while exploring the potential application of blockchain technology in high-performance computing and distributed storage solutions. A group of investors including FENBUSHI US, Longling Capital, Golden Forest, etc. recently signed a share subscription agreement with Nano Labs. The company will continue to pay close attention to the development of the BTC market and adjust the investment scale and strategy appropriately according to market conditions. (PRNewswire)

On Tuesday, Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chan Ho-lim, discussed the latest developments of Web3 and AI with about 10 representatives from the Web 3 and artificial intelligence (AI) industry, and shared the opportunities and challenges brought to the development of the financial services industry. Chan Ho-lim said that Hong Kong currently has nearly 300 Web3-related companies and 3 virtual asset trading platforms licensed by the Hong Kong Securities and Futures Commission, and it is estimated that more virtual asset trading platforms will be licensed this year. He mentioned that in order to promote the development of the virtual asset industry, the Treasury Bureau will submit a draft bill to the Legislative Council this year to regulate issuers of fiat stablecoins to address the risks of money laundering and terrorist financing, protect investors, and promote the healthy and orderly development of the market. In addition, next year, a second round of public consultation will be conducted on the regulation of over-the-counter transactions of virtual assets, and a proposed licensing system for regulating virtual asset custody service providers will be proposed. (East Net)

Felix Hartmann, founder of venture capital firm Hartmann Capital, said that most altcoins may continue to fall and last until the end of January 2025. Hartmann wrote on X: "Some altcoins may continue to rise briefly, but most altcoins may slowly fall or consolidate within 2-6 weeks. In my opinion, there is not much opportunity to bet on the altcoin market here, because many altcoins have peaked after 2-3 fluctuations in a week." He added: "Although I expect some altcoins to be slightly lower, now seems to be a good time to restore long preferences." In addition, he believes that BTC is likely to return to $99,000, driven by short squeezes, new long positions and spot bottom-fishing (such as MARA activities).

The U.S. Commodity Futures Trading Commission (CFTC) has charged a pastor named "Francier Obando Pinillo" with promoting a cryptocurrency Ponzi scheme to 1,500 people, including some churchgoers in Washington, D.C., and claiming that the scam raised $6 million. The regulator alleges that between November 1, 2021 and December 31, 2023, Pinillo claimed to be the CEO of Solanofi, Solano Partners Ltd., and Solano Capital Investments, which developed the "Solano Ecosystem" and traded Bitcoin, Ethereum, USDT, and other cryptocurrencies on behalf of clients. Pinillo promised clients that through Solanofi, they could earn up to 34.9% in profits per month and were told that the platform used robots and other software to trade cryptocurrencies. The CFTC said that the trading or staking services promised by Pinillo did not exist, that the statements and account statements were false, that there was no automated computer trading program, that there were no customer accounts, that no trades were made or profits were generated, and that the defendants misappropriated all digital and fiat assets transferred by customers. The regulator is seeking restitution to defrauded customers, forfeiture of all funds generated through the scheme, a trading ban, and a permanent injunction. (Cointelegrapgh)

Tesla CEO Elon Musk posted on the X platform that if Tesla's stock price continues to rise to a certain level, all short sellers in the world will be eliminated, even Bill Gates, the former world's richest man. Gates once admitted to Musk that he had shorted Tesla's stock. According to Forbes, Gates' current net worth is $108 billion (about 783.649 billion yuan). Tesla's recent stock price surge has made short sellers miserable. Since a month ago, Tesla's stock price has continued to rise and has broken through the $400 mark. Tesla's market value has re-broken through the trillion-dollar mark, becoming the world's eighth most valuable company, only $300 million less than Meta Platforms (META.O), which ranks seventh. (Jinshi)

The post MicroStrategy Set to Join Nasdaq 100 as Bitcoin Strategy Pays Off appeared first on Coinpedia Fintech News MicroStrategy, a software company famous for its bold Bitcoin strategy, is on track to be included in the prestigious Nasdaq 100 Index. The Nasdaq 100, which includes the largest non-financial companies, might soon see MicroStrategy join its ranks, replacing underperforming firms... source: https://coinpedia.org/news/microstrategy-set-to-join-nasdaq-100-as-bitcoin-strategy-pays-off/

The suspect in the murder of United Healthcare CEO Brian Thompson has caught the attention of cryptocurrency users. Following Thompson’s murder on December 4 and the subsequent massive police manhunt, users on Polymarket poured $500,000 into the platform. At the same time, the price of meme coins associated with details of the manhunt soared. A meme coin named after the suspect, Luigi Mangione, rose to a market cap of $77 million before falling back to around $17 million ($20.7 million at press time). “As always, Solana Memecoin is the best source of news, and within minutes the Luigi Mangione coin was born,” anonymous Memecoin trader Burning Kitty said on X. (DL News)

According to official news, Megabit will officially launch the ORCA/USDT perpetual contract at 20:00 (UTC+8) on December 11, supporting up to 75 times leverage.

On Dec 11, 2024, 06:15 AM(UTC). According to Binance Market Data, BNB has crossed the 680 USDT benchmark and is now trading at 680.130005 USDT, with a narrowed narrowed 2.08% decrease in 24 hours.

According to Cointelegraph, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Francier Obando Pinillo, a pastor, accusing him of orchestrating a crypto Ponzi scheme that allegedly defrauded 1,500 individuals, including members of a Washington-based church. The CFTC claims the scheme amassed $6 million through fraudulent activities. The complaint, filed on December 9 in a Spokane federal court, alleges that Pinillo misled his congregants and others via social media by promoting a trading platform that promised high returns through "high-performance" cryptocurrency trading. The CFTC asserts that from November 1, 2021, to December 31, 2023, Pinillo presented himself as the CEO of Solanofi, Solano Partners Ltd., and Solano Capital Investments, claiming these entities formed the "Solano ecosystem" and engaged in trading Bitcoin (BTC), Ether (ETH), Tether (USDT), and other cryptocurrencies on behalf of clients. Pinillo allegedly assured customers of monthly profits up to 34.9% through Solanofi, purportedly utilizing a bot and other software for crypto trading. Additionally, a staking service for Bitcoin, Ether, Solana (SOL), USDT, and Dogecoin (DOGE) was offered under Solanofi 2.0, which promised guaranteed profits. The CFTC's complaint details that users were provided with an online dashboard displaying account statements, balances, and profits, alongside a 15% referral fee to incentivize recruitment of new participants. However, the CFTC contends that no actual trading or staking services were conducted as advertised. The complaint states that the representations and account statements were fabricated, with no automated trading program, customer accounts, or profits generated. Instead, it alleges that Pinillo misappropriated all digital and fiat assets transferred by customers. The CFTC further claims that Pinillo targeted "unsophisticated customers" with limited experience in digital asset transactions, commodity interest trading, or staking digital assets. The solicitations were reportedly conducted almost exclusively in Spanish, exploiting Pinillo's position of trust as a pastor. The regulator is seeking restitution for defrauded customers, forfeiture of all funds obtained through the scheme, a trading ban, and a permanent injunction against Pinillo. Information regarding Pinillo's legal representation was not immediately available, and he did not respond to a request for comment sent via social media.

"What did Ilya see" became one of the most talked about topics in the AI ​​circle in 2024.

Former Binance CEO Changpeng “CZ” Zhao Predicts China could beat the United States of America at building a Strategic Bitcoin Reserve.

Will quantum computing destroy Bitcoin? This topic, which has a folk-scientific quality, always causes widespread discussion/FUD every once in a while.

Since December 8, the crypto market has fallen for three consecutive days, with the overall market value falling from the peak of 3.7 trillion US dollars on December 8 to 3.45 trillion US dollars on December 10. In the continuous rising market, what factors have led to the decline in the past few days?

China has introduced the RT-G, an AI-powered spherical robot used by police for patrolling and crime prevention, equipped with tools like facial recognition and net guns. The robot’s spherical design allows it to navigate various terrains, and it is part of a broader trend of integrating robotics into law enforcement in China.

Hyperbolic is the first player to solve the trust cost problem in decentralized GPU networks

DeSci focuses on open science — a movement that believes all knowledge should be freely accessible — with the goal of building a more inclusive and transparent world of scientific research.

The highly anticipated South Korean film Crypto Man inspired by real events surrounding a $50 billion Won cryptocurrency crash is set to hit theatres in Jan 2025.

Overnight, BTC sought support from the 5-week line near 96k. In the early morning, Microsoft shareholders' vote on BTC reserves failed, which was within the market's expectations. MicroStrategy increased its position again.

Microsoft Corp.’s board opposed the resolution, saying bitcoin’s volatility was a negative factor.