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The SEC is expected to issue an innovation exemption for the crypto industry. The UK "Digital Assets and Other Property Act" has come into effect. BlackRock's CEO revealed that sovereign wealth funds are buying bitcoin. Bank of America recommends clients allocate to crypto assets. Bitcoin selling pressure is nearing its end. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model continues to iterate.
In recent days, an article titled "I Wasted Eight Years in the Crypto Industry" has garnered over a million views and widespread resonance on Twitter, directly addressing the gambling nature and nihilistic tendencies of cryptocurrencies. ChainCatcher now translates this article for further discussion and exchange.
The article discusses the concept of modular blockchains and Ethereum's performance improvement through the Fusaka upgrade. It analyzes the challenges faced by DA layers such as Celestia and highlights Ethereum's advantages. The summary was generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated.
- 16:04US SEC Chair: The Entire US Financial Market Could Move On-Chain Within Two YearsJinse Finance reported that Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, stated that it is expected that within the next two years, the entire U.S. financial market may migrate to blockchain technology that supports bitcoin and cryptocurrencies. In an interview with Fox Business, Paul Atkins said, "This will not only be a trend for the next 10 years, but it may also become a reality within just two years. The next step will come with digital assets, market digitization, and tokenization, which will bring 'huge benefits' for transparency and risk management." Tokenization refers to representing stocks and assets with tradable blockchain-based tokens, a concept hailed as a potential revolution in financial markets.
- 16:04Michael Saylor releases Bitcoin Tracker information again, may disclose additional holdings data next weekJinse Finance reported that Michael Saylor, founder and executive chairman of Strategy (formerly MicroStrategy), once again posted Bitcoin Tracker information on the X platform, writing “₿ack to Orange Dots?”. According to previous situations, Strategy usually discloses Bitcoin accumulation data the day after he posts Bitcoin Tracker information.
- 15:58K33 Research: The market is more likely to rise significantly than to decline again, and December may present a good buying opportunityJinse Finance reported that K33 Research analyst Vetle Lunde stated that December could be a turning point for the crypto market in the near term, and thus structural upside potential is forming. Bitcoin's current valuation reflects market panic more than fundamental factors, and the probability of a significant market rally is much higher than the chance of another 80% drop. December may present a bold buying opportunity. In addition, the market is overreacting to distant threats, such as quantum computing risks and the possibility of Strategy (MSTR) selling bitcoin, while ignoring strong recent signals, such as the potential approval of using cryptocurrencies in 401(k) retirement accounts and the Federal Reserve's shift to support cryptocurrencies. (CoinDesk)