PANews

PANews, December 10, reports that Binance founder Zhao Changpeng reposted a photo of himself wearing the limited edition Trump Bitcoin sneakers "Bitcoin Sneakers" and stated that this pair of shoes was a gift from a friend, and I think it is also an NFT.

In the photo, Zhao Changpeng is wearing the special edition Bitcoin sneakers launched by Trump in 2024, featuring an orange-yellow high-top design with the Bitcoin symbol ₿. This series is limited to 1,000 pairs, originally priced at $499, and quickly sold out after going on presale on July 31, 2024, with current second-hand market prices having doubled to between $700 and $2,500.

Organized by: Bibi News

This interview was recorded at A16Z's recent founder summit, hosted by Anthony Albanese, CEO of A16Z Crypto. The dialogue featured Abigail Johnson, Chairman and CEO of Fidelity Investments. The discussion revolved around key topics such as Bitcoin and early mining, crypto custody, stablecoins, innovative investment models, and 'build vs buy.'

At the moment known as the 'Year of Institutional Adoption,' this dialogue showcases how traditional finance is reconfiguring and embracing crypto assets from a new perspective, making it particularly representative.

PANews December 10 news, according to The Block, New York Democratic Senator Kirsten Gillibrand and Wyoming Republican Senator Cynthia Lummis spoke at the Blockchain Association Policy Summit held in Washington, D.C. on Tuesday, detailing the progress lawmakers are making in pushing a comprehensive regulatory bill for the cryptocurrency industry (i.e., the Digital Asset Market Structure Act). Gillibrand revealed that negotiations between Democrats and Republicans on the crypto bill have been ongoing, and the first bipartisan meeting last week went very smoothly, with no factors hindering the bill's progress. On Monday evening, after a meeting with Democrats, she presented her final requests for inclusion in the bill to Republican staff, indicating that she has submitted the requests to the other side. She also mentioned that she and Lummis and others would further discuss some of the requests and expressed optimism that the completed bill would be very well-rounded, as the House has not yet resolved all the issues they need to address in their draft, such as how to regulate decentralized finance exchanges.

PANews December 10 news, according to The Block, New York Democratic Senator Kirsten Gillibrand and Wyoming Republican Senator Cynthia Lummis spoke at the Blockchain Association policy summit held in Washington, D.C. on Tuesday, detailing the progress legislators are making in pushing for comprehensive regulation of the cryptocurrency industry bill (i.e., the crypto market structure bill). Gillibrand revealed that negotiations on the crypto bill between the Democrats and Republicans have been ongoing, and last week's first bipartisan meeting went very smoothly, with no factors hindering the progress of the bill. On Monday evening, after a meeting with Democrats, she presented her final requests to the Republican staff to be included in the bill, stating that the requests have been submitted to the other side. She also mentioned that she and Lummis and others would further discuss some of the requests and expressed optimism that the completed bill would be very comprehensive, as the House has not yet resolved all the issues they need to address in their draft, such as how to regulate decentralized finance exchanges.

PANews December 10 news, according to The Block, Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), stated that as the agency faces a series of new cryptocurrency policy priorities for the new year: "The best is yet to come. In terms of next year, all the seeds we plant will begin to sprout, and we will be able to reap the fruits of our labor." Atkins has set an ambitious agenda aimed at clarifying the agency's position on cryptocurrencies. He revealed that one of the top priorities for the new year will be the "innovation exemption" for cryptocurrency and fintech projects—this is a conditional and time-limited regulatory exemption framework aimed at reducing compliance costs and encouraging innovation. He hopes to officially launch the framework by the end of January.

PANews December 10 news, according to The Block, Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), stated that as the agency faces a series of new cryptocurrency policy focuses for the new year: "The best is yet to come. As for next year, all the seeds we plant will start to sprout and grow, at which point we will be able to reap the fruits." Atkins has set an ambitious agenda aimed at clarifying the agency's stance on cryptocurrencies. Atkins revealed that one of the top priorities for the new year will be the "innovation exemption" for crypto and fintech projects - a conditional and time-limited regulatory exemption framework designed to reduce compliance costs and encourage innovation. He stated that he hopes to officially launch the framework around the end of January.

PANews December 10 news, according to Globenewswire, Bitcoin asset reserve company Strive (NASDAQ: ASST; SATA) announced that it has signed a sales agreement. According to the agreement, Strive can issue and sell its Series A variable rate perpetual preferred stock, with a par value of $0.001 per share (referred to as “SATA stock”), with a total issuance price of up to $500 million (referred to as the “ATM plan”). Strive intends to use the net proceeds from the ATM plan for general corporate purposes, including but not limited to: purchasing Bitcoin and Bitcoin-related products, serving as working capital, acquiring income-generating assets to expand the company's business, making other capital expenditures, repurchasing the company's Class A common stock, and/or repaying debts. Strive may also use these proceeds to fund acquisitions of businesses, assets, or technologies that complement its current operations.

PANews December 10 news, according to Bloomberg, on Tuesday, Twenty One Capital Inc. merged with special purpose acquisition company Cantor Equity Partners Inc., becoming the latest listed cryptocurrency company, with its stock price dropping 20% on the first day of trading. The opening price of this bitcoin treasury company on Tuesday was $10.74 per share, lower than Cantor SPAC's closing price of $14.27. The stock closed at $11.42, and based on the circulating shares listed in the filed documents, the company's market value is approximately $4 billion.

Twenty One Capital Inc., founded by affiliates of Cantor Fitzgerald LP, Tether, and SoftBank, is a bitcoin company that also plans to focus on building financial infrastructure for the cryptocurrency and intends to create media and educational resources related to bitcoin. Twenty One holds approximately $3.9 billion in bitcoin, and the company will be controlled by Tether and Bitfinex, with SoftBank holding a significant minority stake.

Author: Anita @anitahityou

Three years after the West cut off Russia from SWIFT, the Kremlin has not fallen into financial suffocation. On the contrary, a massive 'shadow financial machine' is operating inside the Moscow Federation Tower.

This machine no longer relies on JPMorgan Chase and does not fear dollar freeze orders. According to documents from the U.S. Treasury, blockchain analysis reports, and data from ICIJ investigations, this machine is roughly made up of three layers of interlocking gears:

Garantex (black market hub), Cryptex (secret backup), and the Exved / A7 system (national-level B2B channel and 'on-chain ruble').

PANews December 10 news, according to The Block report, the organization behind the privacy blockchain project Octra, Octra Labs, will hold a public token sale on December 18 on the Sonar by Echo platform. Octra announced on Tuesday that this week-long sale plan aims to sell 10% of the OCT token supply at a fully diluted valuation (FDV) of $200 million, targeting to raise $20 million. The sale will adopt a fixed price and commitment format, allowing any number of participants to deposit funds and receive tokens proportionally, designed to achieve maximum decentralization. Octra stated that if demand is strong, the sale share may increase, and any unsold tokens will be burned, with all sold tokens unlocked and distributed shortly after the sale ends.