After many years, I still want to thank Binance. The first A8, 10000000. Only with the first, there was the later, but the first was the hardest, this is the real beginning!
Donald Trump's eldest son sees his fortune soar to $300 million, with crypto assets becoming the main engine for wealth growth
On December 12, according to a report by Fortune magazine, Donald Trump's eldest son, Donald Trump Jr., publicly stated at the Bitcoin conference in Las Vegas that "crypto has become a core part of our business." The latest estimates show that his wealth has jumped from around $50 million in 2024 to about $300 million, mainly due to a series of crypto asset businesses including World Liberty Financial, WLFI stablecoin operations, unlocked World Liberty tokens, and stakes in American Bitcoin mining companies.
In addition, the SPAC company New America Acquisition I Corp, in which he holds shares, has brought in over $20 million in unrealized gains after its stock price surpassed $10, while he also owns about $10 million in shares of politically connected companies. His real estate holdings in New York and Florida are valued at $12 million, and due to the appellate court's cancellation of the fine against the Trump Organization in a fraud case, his net worth has increased by about $5 million.
Indian regulatory agencies are focusing on the application of blockchain in "asset tokenization and programmability".
Indian financial regulatory agencies are actively promoting the integration of distributed ledger technology (DLT), namely blockchain technology, with a focus on asset tokenization, digital programmability, and market efficiency enhancement. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are leading this progressive strategy, emphasizing the use of permissioned blockchain systems in a regulated environment.
The Federal Reserve's bond buying scale exceeds expectations, Wall Street collectively revises 2026 forecasts
The Federal Reserve plans to purchase $40 billion in short-term U.S. Treasury bonds each month, a scale that exceeds previous market expectations. This plan has triggered a series of revisions from major Wall Street banks regarding the 2026 debt issuance forecast, while also driving down borrowing costs. Barclays estimates that the total amount of short-term U.S. Treasury bonds purchased by the Federal Reserve in 2026 could approach $525 billion, far exceeding the previous forecast of $345 billion. The Federal Reserve's aggressive actions indicate its "very low tolerance" for financing pressures. JPMorgan and TD Securities currently believe that the Federal Reserve will absorb a larger scale of debt. Bank of America expects that in order to supplement sufficient reserves and stabilize money market interest rates, the Federal Reserve may need to maintain this faster pace of purchases for a longer time. Strategists say these measures will help alleviate the market pressures that have accumulated over the months due to the Federal Reserve's reduction of its holdings. They expect these purchase plans to become favorable factors for swap spreads and SOFR-Federal Funds rate basis trades. On Wednesday, trading volume in short-term interest rate futures surged, and the two-year swap spread widened to its highest level since April, indicating that short-term market pressures have eased.
France promotes new regulations requiring the declaration of the market value of self-custodied encrypted assets, raising privacy concerns.
On December 12, France promoted Amendment 1649AC, requiring citizens to declare the exact market value of their self-custodied encrypted assets, even if no taxable transactions have occurred. Critics warn that this measure constitutes an inappropriate intrusion into private life and could create a dangerous "information honeypot" containing names, addresses, and specific encrypted asset balances.
The cryptocurrency market bill has made "substantive progress" and aims to establish rules for the entire digital asset industry.
On December 12, Tim Scott, chairman of the U.S. Senate Banking Committee, stated that after meeting with top bank CEOs on Thursday, there has been "substantive progress" in pushing a large-scale cryptocurrency bill into law. Scott met with Brian Moynihan of Bank of America, Jane Fraser of Citigroup, and Charlie Scharf of Wells Fargo on Thursday to discuss this landmark legislation.
The bill aims to establish rules for the entire digital asset industry and grant relevant powers to regulatory agencies such as the SEC and CFTC. This week, these three bank CEOs are expected to meet with senators to discuss cryptocurrency legislative proposals. The meetings are reportedly being held separately in two sessions, one with Democrats and the other with Republicans, and both sessions have had a "harmonious atmosphere."
Insiders revealed that the meetings discussed topics such as revenue, decentralized finance, and anti-money laundering. The banking association believes there are gaps to fill in the GENIUS bill, which became law this summer. They indicated that the issue lies in the law's insufficient restrictions on stablecoin issuers paying interest to holders, which could make these assets more attractive as a store of value and credit mechanism, rather than just a means of payment, thereby creating "distorted market incentives" for the banking industry.
Additionally, banking groups believe the restrictions imposed by the GENIUS bill can be easily circumvented by exchanges, brokers, and other related parties.
Vanguard Investments focuses on blockchain technology but maintains a cautious attitude towards Bitcoin.
At the "ETFs in Depth" crypto discussion, Vanguard's John Ameriks stated that blockchain technology itself is very attractive to companies, enabling faster settlements, improving collateral efficiency, and reducing costs. He posed the question: "Is there a way to utilize blockchain without involving cryptocurrency?" At the same time, he pointed out that if asset tokenization cannot become mainstream, then Bitcoin is to him just a "digital toy."
据知情人士透露,美国参议院两党议员本周分别与多位华尔街银行高管会面,讨论加密资产市场结构法案。参议院银行委员会主席 Tim Scott 表示,国会正向通过这一覆盖面广的加密市场监管法案迈出“实质进展”,目标是巩固美国作为“全球加密之都”的地位。 Scott 当日与美国银行 CEO Brian Moynihan、花旗 CEO Jane Fraser 以及富国银行 CEO Charlie Scharf 讨论法案内容,包括如何划分 SEC 与 CFTC 的监管权限。知情人士称,双方会议“气氛友好”,涉及收益产品、DeFi 监管及反洗钱等议题。
美国证券交易委员会主席Paul Atkins在X平台发文表示,昨日在Blockchain Association政策峰会上阐明美SEC将致力于推进清晰的规则,旨在为数字资产提供坚实的监管基础,此前已经明确数字商品、数字工具和数字藏品等大多数加密资产并不是证券,但当项目提供并出售代币以筹集资金,并承诺进行必要的管理工作时则可能受证券法约束,出售的代币在特定情况下可以转售,不会涉及证券法。 Paul Atkins补充称,相信美国商品期货交易委员会(CFTC)将成为加密资产市场的可靠监管机构。