Crypto Circle Early Insights December 9

- Trump released the national security strategy, mentioning nothing about cryptocurrencies. The new strategy focuses the core of national technological competitiveness on AI and quantum computing, deliberately downplaying the topic of cryptocurrency to maintain policy flexibility.

- Argentina may allow banks to provide cryptocurrency services, as long-term domestic inflation and high cryptocurrency usage rates have forced the central bank to consider a realistic reform from a "total ban" to "regulated inclusion."

Now let's take a look at market highlights:

- Yesterday's Fear and Greed Index was 24!

- Strategy bought another 10,624 bitcoins for $960 million, continuing its strategy of buying the dip, bringing total holdings to 660,000 BTC.

- Harvard University increased its bitcoin holdings to $443 million, believing that BTC has greater long-term appreciation potential compared to gold, resulting in an allocation ratio directly increased to twice that of gold.

- Bybit and Circle reached a strategic cooperation agreement to jointly build liquidity for USDC trading and payments, with Bybit participating in the Circle Arc to advance stablecoin infrastructure.

Finally, let's look at industry dynamics:

- Binance has obtained complete regulatory approval from the Abu Dhabi Global Market. The platform will migrate to ADGM's three-entity structure, separating trading, clearing, and custody to meet stricter international regulatory standards.

- Ondo Finance announced that the SEC has concluded a multi-year investigation without filing charges, validating that its RWA tokenization model complies with securities rules, leading to a slight increase in ONDO's price.

Today's Summary:

Bitcoin has stabilized above $90,000, and is expected to challenge $100,000 before this week's interest rate cut, with the market likely to welcome a critical turning point.

I am host Mark, this is "Crypto Circle Early Insights", see you tomorrow!