PA Daily | Two states in the United States proposed to establish Bitcoin or digital asset reserves respectively; Aiccelerate DAO was launched, and the market value of the token AICC once exceeded US$250 million
Reprinted from panewslab
01/11/2025·1MToday’s news tips:
1. Kenya prepares legislation to legalize cryptocurrencies
2. New Hampshire proposes bill to establish “strategic Bitcoin reserve”
3. The U.S. state of Dakota proposes to establish a digital asset and precious metals reserve
4. Aiccelerate DAO is online. Its website is temporarily inaccessible due to excessive traffic. Officials are working hard to solve the problem.
5. Nasdaq-listed spirits company Heritage Distilling plans to build a Bitcoin reserve and accept it as payment
6. Genius Group purchased an additional $5 million in Bitcoin, with an average purchase price of $94,047.
7. Trump's "hush money" case pronounced: 34 counts found guilty, no punishment
8.Bybit announced that it will temporarily restrict Indian user services starting from January 12th.
9. The multi-signature wallet associated with the Cookie project deposited 20 million COOKIE to Binance 8 hours ago
Regulation/Macro
Kenya prepares legislation to legalize cryptocurrencies
Kenya is preparing legislation to legalize cryptocurrencies, Finance Cabinet Secretary John Mbadi said on Friday, marking a major shift in the government's stance. Cryptocurrencies are banned in Kenya but are still widely used underground by the public to circumvent restrictions. "The emergence and development of virtual assets and virtual asset service providers have brought innovation to the local and international financial systems, creating dynamic opportunities and challenges," Mbadi said in a statement outlining the new policy.
The seasonally adjusted non-farm payroll employment in the United States in December was 256,000, significantly exceeding market expectations of 160,000 and hitting a new high since March 2024. The U.S. unemployment rate was 4.1% in December, down slightly from the previous month and below market expectations of 4.2%.
According to the Financial Times, the U.S. Consumer Financial Protection Bureau (CFPB) proposed to subject digital wallets to the same protection standards as bank accounts, requiring service providers to compensate when hackers or unauthorized transactions result in the loss of customer funds.
The CFPB plans to expand the scope of the Electronic Funds Transfer Act to include stablecoins and other digital assets, emphasizing that "any currency-like use" of assets will be protected. The CFPB hopes to strengthen consumer protection through this rule while setting higher compliance standards for the cryptocurrency industry.
The rule change could have a significant impact on U.S. companies that hold customers’ crypto assets, such as exchanges and custodians, as these businesses will need to maintain adequate reserves to cover potential losses. The CFPB said it will focus on virtual currency wallets used to purchase goods or services, as well as video game virtual item accounts and credit card reward points accounts.
The CFPB is seeking industry input until March 31, after which it will decide whether to issue a final rule.
New Hampshire Introduces Bill to Establish “Strategic Bitcoin Reserve”
Dennis Porter, co-founder and CEO of Satoshi Action Fund (SAF), posted on the , platinum) and digital assets (including Bitcoin).
The bill will introduce new regulations to clarify the definitions of "qualified custodians" and "secure custody solutions" to ensure the safe custody of digital assets and operate through regulatory-approved trading products.
US state of Dakota proposes to establish digital assets and precious metals reserve
The U.S. state Legislature of North Dakota has proposed a resolution aimed at “investing a portion of state funds in digital assets and precious metals.” Resolution 3001 was designed to curb the fiscal impact of inflation by diversifying the assets in which the state invests. The resolution stated: “Given that changing economic conditions and emerging investment opportunities require prudent investment of the nation’s financial resources.” It is worth noting that although the resolution encourages digital asset investment, it does not specifically mention Bitcoin. North Dakota Representatives Nathan Toman, Matthew Heilman, Jared Hendrix, Daniel Johnston, SuAnn Olson and Todd Porter and Senators Jeff Barta and Bob Paulson sponsored the resolution.
A federal grand jury in the Northern District of Georgia has indicted three Russian citizens for crimes related to the operation of two cryptocurrency mixers. According to an announcement issued by the U.S. Department of Justice, defendants Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton Vyachlavovich Tarasov are suspected of operating two currency mixing companies named Blender.io and Sinbad.io. They were charged with conspiring to launder money and operating an unlicensed money transfer business.
In May 2022, the United States imposed sanctions on Blender after it was discovered that North Korean hackers used Blender to launder money and made $20.5 million from the Axie Infinity hack worth approximately $600 million. Blockchain analytics firm Elliptic noted in 2023 that Sinbad was likely a rebranded version of Blender, operated by the same organization. Blender adheres to a "no logs policy" and removes user transaction details. The company ran from 2018 to 2022, with successor Sinbad arriving a few months after Blender shut down. On November 27, 2023, law enforcement took action to shut down Sinbad. If convicted, the defendants could be sentenced to up to 20 years in prison for money laundering and up to 5 years in prison for operating an unlicensed money transfer business. Ostapenko and Oleynik were arrested on December 1, 2024. Tarasov remains at large.
U.S. CFTC executive director Ian McGinley will resign on the 17th local time
Ian McGinley, executive director of the U.S. Commodity Futures Trading Commission (CFTC), will resign on the 17th (local time). Ian McGinley joined the agency in February 2023, and a month later, the CFTC sued Binance and then-CEO Changpeng Zhao for violating U.S. commodity laws. During his tenure, he also oversaw enforcement efforts against collapsed global platform FTX, which he said was the largest dollar recovery for victims in the CFTC’s history. The agency has since taken action against projects such as KuCoin and Falcon Labs.
Trump's "hush money" case pronounced: 34 counts found guilty, no punishment
According to CCTV News, a judge of the New York State High Court in the United States ruled on President-elect Trump's "hush money" case and ruled that Trump was guilty of 34 counts in the case. However, given that he is at an important stage of the presidential power transition process, Unconditionally released without any punishment.
Project news
Binance Alpha newly lists VADER token
The App page shows that Binance Alpha has added VADER tokens online. According to reports, VaderAI aims to become BlackRock in the era of "AI agent economy".
Bybit announces temporary restrictions on Indian user services starting from January 12
Cryptocurrency exchange Bybit announced that due to the latest policies of Indian regulators, it will temporarily restrict all transactions and product use by Indian users on the platform starting from 8AM UTC on January 12, 2025. The only exception is the withdrawal function, which will still be available normally. use.
Specific restrictions include:
- Trading and Deposits: New orders are stopped, existing derivatives positions are adjusted to "Close Only" mode, and positions cannot be added or modified. Cryptocurrency and fiat currency deposit functions are temporarily disabled, and withdrawal functions are not affected.
- Copy trading and trading robots: All master-slave relationships and trading robots will be terminated before 5AM UTC on January 13th.
- P2P Ads: All Indian Rupee (INR) ads will be removed on January 12th at 8AM UTC.
- Active Tasks: As of 8AM UTC on January 12, users will not be able to complete any new or ongoing active tasks.
- Bybit Card: All transactions will be restricted.
The digital identity project World (formerly known as Worldcoin) supported by Sam Altman has exceeded 10 million verified users, and the World App has been downloaded more than 20 million , covering more than 160 countries.
Tim Kotzman, founder of Jubilee Royalty, tweeted that Ethan Peck, an employee of the National Center for Public Policy Research (NCPPR), submitted a shareholder proposal on Bitcoin reserves to Meta in the name of his family’s Meta shares. The proposal states that Meta should consider replacing some or a percentage of its assets with assets that appreciate faster than bonds, even if those assets are more volatile in the short term. Bitcoin is the most inflation-resistant store of value due to its verifiable fixed supply.
TON ecological MEME project DOGS releases development roadmap for the first half of 2025
TON ecological MEME project DOGS released a roadmap from the first quarter to the second quarter of 2025. The roadmap outlines DOGS-themed game plans, community engagement through local philanthropy, and expanding payment use cases for the DOGS token. Later this year, users will have the option to use DOGS tokens for online and offline purchases, such as gift cards and travel bookings.
Aiccelerate tweeted that Aiccelerate DAO was officially launched, but the website is temporarily inaccessible due to excessive traffic and is currently working hard to resolve it. Additionally, updates will be coming over the next 1-2 weeks on:
- Initial investment in the team
- Strategy and roadmap for internal development team (agents and infrastructure being built)
- Build key partnerships with leaders to advance investment goals and development goals
Yesterday, it was reported that team members such as Coinbase, Google and ai16z jointly launched the DAO organization Aiccelerate to accelerate the integration of encryption and AI. AICC briefly broke through $0.25, rising about 60% in the past hour
Financing
Confidential AI project Privasea completed Series A financing at a valuation of US$180 million, with a total of US$15 million raised in three rounds. Investors include GSR, Amber and Echo. Early investment institutions include Binance Labs, OKX Ventures, Nomura's Laser Digital and Gate Labs. .
Privasea has released the DeepSea test network Beta on January 6. This financing will be used to accelerate the deployment of the main network DeepSea and the research and development of related intelligent agents, and promote the development of human-computer interaction and intelligent agent interaction and other fields.
point of view
FDIC Vice Chairman Calls for More Open Approach to Crypto
Travis Hill, vice chairman of the Federal Deposit Insurance Corporation (FDIC), said he hopes federal agencies will take a more “open attitude” toward crypto and called for more guidance on digital assets. Hill also mentioned Operation Choke Point and called for an end to such practices. and re-evaluate how the Bank Secrecy Act is implemented to reduce the phenomenon of banks closing accounts due to lack of compliance and facing hefty fines.
important data
AICC briefly broke through $0.25, rising about 60% in the past hour
Market data shows that Aiccelerate (AICC) briefly exceeded US$0.25 and is now trading at US$0.23. Its market value is temporarily reported at US$256 million. It has increased by approximately 60% in the past hour, and the transaction volume reached US$4.5 million in the first 1.5 hours after it went online.
Genius Group purchased $5 million in new Bitcoin, with an average buying price of 94,047
Artificial intelligence company Genius Group (NYSE American: GNS) announced that its Bitcoin reserves increased by US$5 million, reaching 372 Bitcoins, with a total value of US$35 million, and the average purchase price was US$94,047 per coin. This amount accounts for 30% of the company's initial target of 120 million US dollars in Bitcoin reserves, and has completed the planned schedule ahead of schedule.
Currently, the market value of Genius Group is US$42 million, and the market value of Bitcoin reserves accounts for 83% of the company's market value. The company also increased its cryptocurrency loan limit with Arch Lending from $10 million to $14 million, with a loan-to-value ratio of 40%.
Additionally, Genius Group approved a founder compensation plan targeting a market capitalization of $1 billion over the next 10 years and boosting Bitcoin reserves to $1 billion in net assets.
Genius Group is an education group focusing on the "Bitcoin First" strategy. It uses artificial intelligence technology to provide personalized education and acceleration solutions for individuals, businesses and governments. Its services cover 5.4 million users in more than 100 countries around the world.
Nasdaq-listed spirits company Heritage Distilling (ticker: CASK) said it will begin holding cryptocurrencies as a "strategic asset" and accept cryptocurrency payments. The plan is subject to approval and Heritage will first develop a policy plan for board approval before taking action, the company said.
Justin Stiefel, CEO of Heritage, said in a statement: "Heritage has always been an innovator, and we are once again leading the way in craft spirits. We are ready to accept Bitcoin as a payment method for online e-commerce sales, acquisitions and holdings." There is Bitcoin as an asset.”
According to Spot On Chain monitoring, 8 hours ago, after the announcement of Binance’s listing, the multi-signature wallet associated with the Cookie project deposited 20 million COOKIE (USD 12.55 million) into Binance. This multi-signature received a total of 75 million COOKIE from Cookie's Deployer wallet on June 13, 2024, and still holds 20 million COOKIE ($11.33 million).
According to previous news , team members such as Coinbase, Google, and ai16z jointly launched the DAO organization Aiccelerate to accelerate the integration of encryption and AI.
According to @ai_9684xtpa monitoring, "The whale has made a profit of US$1.808 million in the PEPE band in nine times since 2024.03" after a week and once again increased its position in PEPE worth US$1.01 million. 19 hours ago, he withdrew 57.2 billion PEPE from Binance. As of now, he has opened a position of 248 billion PEPE (approximately US$4.36 million) in the tenth round of trading, with a cost of US$0.00002003, and has now lost US$603,000.
A whale sold 5 million swarms 2 hours ago to make a profit and still holds 15 million swarms.
According to Lookonchain monitoring, 2 hours ago, a swarms whale sold 5 million swarms for profit at a price of 7,232 SOL ($1.35 million). The whale spent $458,000 to purchase 20 million swarms 14 days ago and currently holds 15 million swarms ($4.02 million), with a total profit of $4.9 million.
chaincatcher