The chairman of the U.S. SEC appears to have issued a message saying goodbye to Thailand, which will launch crypto payments in Phuket.

Reprinted from jinse

01/18/2025·13days ago

headlines

▌Gary Gensler appears to have posted a farewell message: Serving as Chairman of the U.S. Securities and Exchange Commission is the honor of a lifetime

Gary Gensler posted a farewell message on the Believing that capital markets, competition, and common-sense rules benefit both investors and issuers, which is why the SEC and its staff play a critical role in overseeing the markets and ensuring compliance with the common-sense rules of U.S. securities laws:

We reduce costs and risks and enhance the integrity of our two largest markets - the nearly $60 trillion stock market and the $28 trillion Treasury market; 2. We help improve the corporate governance of public companies. Transparency and integrity, including the implementation of new cooling-off periods and other conditions before company insiders who may have material nonpublic information trade their company’s securities; 3. We establish rules requiring regulated broker-dealers and investment advisers to notify clients Data breaches that may put personal information at risk; 4. We laid the foundation for an important debate about the growing use of artificial intelligence in finance; 5. We updated the rules for the stock market and the Treasury market, shortening the settlement cycle; 6. We returned more than 100,000 yuan to damaged investors. $2.7 billion.

▌Thailand will launch crypto payments in Phuket in 2025

Thailand will launch crypto payments in Phuket in 2025, allowing tourists to pay with Bitcoin and transactions automatically converted to Thai baht.

Quotes

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$104,499, with an intraday increase or decrease of +4.0 % ;

ETH’s recent transaction price was US$3,470.18, with an intraday increase or decrease of +2.6 % ;

BNB’s recent transaction price was US$719.71, with an intraday increase or decrease of +0.2 % ;

SOL’s recent transaction price was US$218.72, with an intraday increase or decrease of +1.9 % ;

The recent transaction price of DOGE was 0.4282 yuan, with an intraday increase or decrease of + 12.4% ;

XPR’s recent transaction price was $3.24, with an intraday increase or decrease of -3.6% .

policy

▌DCG fined $38 million for Genesis lending fraud

According to market news, Digital Currency Group (DCG) was charged and fined US$38 million by the U.S. Securities and Exchange Commission (SEC) for its subsidiary Genesis’ lending fraud. Note: Genesis is DCG’s cryptocurrency lending platform and was once one of the largest institutional lending service providers in the crypto industry. The collapse of cryptocurrency trading platform FTX in November 2022 exacerbated market turmoil, with Genesis suspending customer withdrawals during the period and filing for bankruptcy protection in January 2023 with assets and liabilities valued at between $1 billion and $10 billion. . According to the SEC investigation, Genesis and DCG were accused of concealing financial losses through false statements, involving more than 230,000 investors, with a total amount of more than $1 billion.

▌Cryptocurrency supporter Vivek Ramaswamy will run for Ohio governor

According to The Block, US Republican Vivek Ramaswamy plans to officially announce his candidacy for Ohio governor soon. It is reported that Vivek Ramaswamy leads the United States Efficiency Department together with Musk, served as a campaign agent for Donald Trump, and has been an active supporter of cryptocurrency.

▌ Crypto.com receives in-principle approval for MiCA license

Singapore-based digital asset exchange Crypto.com has received in-principle approval for a Crypto-Asset Market (MiCA) license, The Block reported. Although the exchange does not appear to have been fully licensed yet, receiving final approval will allow Crypto.com to offer services across the EU once MiCA rules come into effect in late December 2024. MiCA was first adopted in April 2023, establishing a digital asset regulatory framework in the EU, allowing companies with a MiCA license in one EU member state to operate throughout the EU.

▌An international cryptocurrency provider was sentenced to 121 months in prison by the U.S. Department of Justice for conspiracy to commit money laundering.

According to an announcement from the U.S. Department of Justice, U.S. District Judge Gregory Van Tatenhove sentenced Indian national Anurag Pramod Murarka to 121 months in prison for conspiracy to commit money laundering. Murarka, 30, is an international virtual currency provider operating under two monikers: "elonmuskwhm" and "la2nyc." According to recently released court documents, from April 2021 until September 29, 2023, Murarka operated an international money laundering operation. Murarka often advertises his services online on dark web markets as money laundering services. Customers would then contact him via encrypted messages to respond to these ads and negotiate exchange rates. After the exchange rate was determined, India-based Murarka instructed its customers to send cryptocurrencies to certain cryptocurrency addresses. Murarka then arranged for the cash to be delivered to his employees in the United States through a complex, prearranged Indian hawala operation. Murarka's network of employees across the United States and abroad would collect cash from Murarka's hawala connections, which would then be packaged in a variety of ways, including sandwiched between book pages and sealed in multiple envelopes, before being mailed to customers. Murarka charged fees for services and used a portion of them to bribe employees and co-conspirators. Murarka knew that many of his clients were involved in criminal activity, particularly computer hacking and drug trafficking, and therefore he knew that his business facilitated criminal activity by assisting in concealing the origins of illegal activity. Murarka and his co-conspirators laundered a total of more than $20 million.

▌ President of The ETF Store: There were 7 crypto-related ETF applications in the past 48 hours

Nate Geraci, president of The ETF Store, tweeted that in the past 48 hours, many institutions have submitted applications for crypto-related ETFs, and the regulatory direction is changing. The specific applications are as follows: VanEck On-chain Economy ETF Canary Litecoin ETF (19b-4) Oasis Capital Digital Asset Debt Strategy ETF CoinShares Digital Asset ETF ProShares Leveraged and Inverse XRP ETF ProShares XRP Futures ETF ProShares Solana Futures ETF

▌Trump may issue an executive order that will benefit the cryptocurrency industry within a few days after taking office

According to Jinshi, multiple people familiar with the matter revealed that U.S. President-elect Trump plans to use his executive powers in the first few days after taking office to reduce the regulatory burden faced by cryptocurrency companies and promote the adoption of digital assets. After taking office, Trump is expected to sign an executive order to establish a cryptocurrency advisory committee, an idea he first proposed in July last year.

Blockchain application

▌MARA CEO: The portrait of President Trump in the Bitcoin block was generated by AI

Fred Thiel, CEO of Bitcoin mining company MARA, posted on the , to celebrate his upcoming inauguration as the first U.S. president to support Bitcoin.

cryptocurrency

▌A certain whale/institution address sold 7,983.8 ETH 6 hours ago, making a profit of US$1.05 million

According to on-chain data analyst Ember Monitoring, a whale/institutional address sold 7,983.8 ETH 6 hours ago in exchange for 27.29 million DAI, with the average selling price being $3,419. It is reported that this address bought 7,983.8 ETH at a price of $3,286 5 days ago and sold all of it at a price of $3,419 today, making a profit of $1.05 million (+4%).

▌Coinbase supports the establishment of a Bitcoin strategic reserve and recommends the establishment of a special economic zone for the digital asset economy

Coinbase endorsed the idea of a U.S. strategic Bitcoin reserve on Friday as part of a blog post by CEO Brian Armstrong on "economic freedom." He wrote: "Economic growth results from free market capitalism, deregulation, small government and technological innovation. If other countries in the G20 also want to participate in economic prosperity, they would be wise to join the trend of embracing economic freedom and free markets move." Brian Armstrong called on world leaders to do four things in the spirit of technological optimism next year: first, pass laws to allow cryptocurrency companies to stay in their countries; second, establish strategic Bitcoin reserves, the article reads: "The next global The arms race will begin in the digital economy, not in space”; third, establishing special economic zones for the digital asset economy; and finally, improving government efficiency, with the article specifically mentioning the efforts of the Department of Government Efficiency (DOGE).

▌CryptoQuant: Coinbase Prime’s Bitcoin OTC trading increased significantly

CryptoQuant analysts have seen a significant increase in over-the-counter (OTC) trading activity on Coinbase Prime, indicating an increase in institutional investors using OTC channels to accumulate Bitcoin. Ki Young Ju, CEO of CryptoQuant, explained: “When Coinbase Prime Brokerage Service, the preferred Bitcoin buying channel for U.S. institutions, sees a significant increase in inflows, it indicates that multiple over-the-counter (OTC) transactions are currently taking place and institutions are more willing to conduct OTC transactions. ”

Important economic developments

▌The U.S. Congressional Budget Office: U.S. real GDP growth is expected to be 1.9% in 2025

The U.S. Congressional Budget Office (CBO) said it expects U.S. real GDP growth to be 1.9% in 2025, down from the 2.0% forecast in June, and that the average annual growth rate between 2024 and 2034 is 1.9%.

Golden Encyclopedia

▌What is a teardrop attack in encryption?

In the cryptocurrency environment, teardrop attacks often target the decentralized nature of blockchain platforms. Even if they don’t target the blockchain’s cryptographic algorithms, disrupting the underlying peer-to-peer network infrastructure that cryptocurrencies rely on could lead to service disruptions, loss of funds, and loss of user trust. Attackers can interfere with the consensus process, transaction validation, or node-to-node communications by focusing on specific nodes or servers. This can lead to network fragmentation, processing delays or even complete outages.

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