A trader spent $716 to buy 16.3 million Franklin, achieving a profit of 340 times
BlockBeats news, on December 9, according to Lookonchain monitoring, a trader spent $716 to buy 16.3 million Franklin, sold 4.8 million Franklin, earning $20.5 thousand, and still holds 11.5 million Franklin (worth $224 thousand), with a profit of 340 times.
Canada Revenue Agency claims 40% of cryptocurrency users are at risk of tax evasion
According to BlockBeats, on December 9, the Canada Revenue Agency (CRA) stated that approximately 40% of taxpayers using cryptocurrency platforms are involved in tax evasion or high-risk non-compliance behavior. The CRA said in an email statement that its cryptocurrency asset audit team consists of 35 auditors who are handling over 230 related cases and has recovered "over 100 million Canadian dollars in taxes" through audits in the past three years.
The CRA acknowledges that the current Canadian laws have significant limitations in identifying cryptocurrency asset users, and regulators "cannot reliably identify cryptocurrency users and assess their tax compliance." Therefore, the CRA has repeatedly attempted to require platforms to disclose user data, including requesting information on its top 18,000 users from Dapper Labs, but ultimately obtained data for only 2,500 users after negotiations between lawyers and officials.
‘BTC OG Insider Whale’ takes profit on 9% ETH long position, unrealized gains narrow by nearly 3 million USD
According to BlockBeats news on December 9, monitoring from Coinbob of popular addresses shows that in the past 9 hours, the 'BTC OG Insider Whale' (0xb31) partially closed long positions during a slight decline in ETH, reducing the position size by 14.06 million USD, recording a profit of about 304,000 USD. The current position size is about 155 million USD, with unrealized profits narrowing from yesterday's high of 6 million USD to 3.3 million USD, at an average price of 3048 USD and a liquidation price of 1678 USD.
Previously, the 'BTC OG Insider Whale' transferred 70 million USD from the Binance wallet to Hyperliquid from the evening of December 7 to the morning of December 8, then opened a 5x leveraged long position in ETH, marking the largest scale of opening a position in nearly 30 days. Additionally, monitoring shows that on December 1, the associated addresses of the 'BTC OG Insider Whale' (0xf6f) (0xF74) (0x411) borrowed a total of 220 million USDT from Aave and sent it to the Binance wallet, with the address 0xf6f having collateralized more than 126,000 ETH. On that day, ETH hit a near 10-day low of about 2718 USD, followed by a continuous rise.
When Chinese Crypto Billionaires Start Buying Gold
Wen | Lin Wanwan
North of Singapore Changi Airport, a twelve-minute drive leads to one of the world's highest-security private vaults, standing at the end of the runway—Le Freeport.
This building, costing about 100 million Singapore dollars, is known as 'Asia's Knox Fort.' It has no windows, yet maintains a constant temperature of 21°C and a humidity of 55%, perfectly suited for the best storage environment for artworks.
Behind the heavily guarded steel gate lies billions of dollars worth of gold, silver, and various rare artworks: no customs declaration is needed for entry, and not a single cent in taxes is paid.
The Coinbase Bitcoin premium index has been in positive premium for 7 consecutive days, currently reported at 0.0215%
BlockBeats News, on December 9, according to Coinglass data, the Coinbase Bitcoin premium index has been in positive premium for 7 consecutive days, currently reported at 0.0215%.
BlockBeats Note: The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a major trading platform in the United States) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, the enthusiasm of institutional investors, and changes in market sentiment.
A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, a decline in investor risk appetite, an increase in market risk-averse sentiment, or capital outflow.
Yi Lihua: Bitmine is going through a painful process like the former Strategy
BlockBeats news, on December 9, Liquid Capital (formerly LD Capital) founder Yi Lihua posted on social media saying, "I believe Wall Street will ultimately win. Bitmine is going through a painful process like the former Strategy. In the future, there will also be models outside of the treasury, achieving success in crypto investment in the capital market."
According to previous reports, Bitmine currently holds a total of 3,864,951 ETH (1.2074 billion USD), with an unrealized loss of 3.095 billion USD. Strategy currently holds a total of 660,624 BTC (59.82 billion USD), with an average cost of 74,696, and an unrealized gain of 10.473 billion USD.
2.Jupiter platform WET public sale 'time-travel style' starts, shares sell out instantly again
3.The U.S. Labor Department will not release October PPI data
4.U.S. crypto stocks opened higher, MSTR up 2.61%, BMNR up 4.9%
5.U.S. stock market HYPE Treasury company Hyperliquid Strategies approves a $30 million stock buyback plan
Article & Threads
1.(Underground Argentina: Jewish money houses, Chinese supermarkets, disaffected youth, and the impoverished middle class)
In a country where prices are skyrocketing and currency is collapsing, people still maintain the habit of tipping, continue to spin in tango halls, and laugh and chat in cafes. This savage vitality is the true essence of this country. Over the past century, the Casa Rosada in Buenos Aires has changed hands many times, and the peso has become worthless again and again. However, the common people rely on underground transactions and gray wisdom, and have managed to find a way out of the dead end. As long as this country’s desire for 'stability' remains less than its yearning for 'freedom'; as long as the public's trust in the government remains lower than their trust in the corner Chino, then underground Argentina will exist forever. Welcome to underground Argentina.
BlockBeats news, on December 9, according to reports from Reuters, Bloomberg and other media, U.S. President Trump announced on social media on the 8th local time that the U.S. government will allow Nvidia to sell its H200 artificial intelligence chips to China, but will charge a certain fee for each chip. Trump stated that the U.S. side will take a 25% share from the relevant chip exports. (Global Network)
Bitmine's ETH position currently has an unrealized loss of 3.095 billion USD, with an average cost of 3,925 USD
BlockBeats news, on December 9, according to on-chain analyst Yu Jin, Bitcoin treasury company Strategy (MSTR) increased its holdings by 10,624 BTC (900 million USD) last week at a price of 90,615 USD. They now hold a total of 660,624 BTC (5.982 billion USD), with an average cost of 74,696 USD and an unrealized profit of 10.473 billion USD.
Ethereum treasury company Bitmine (BMNR) increased its holdings by 138,452 ETH (412 million USD) last week at a price of approximately 2,978 USD. They now hold a total of 3,864,951 ETH (1.2074 billion USD), with an average cost of 3,925 USD and an unrealized loss of 3.095 billion USD.
Twenty One is expected to be listed on the NYSE today under the stock code XXI
BlockBeats news, on December 9, Jack Mallers, CEO of Bitcoin investment company Twenty One Capital supported by Cantor Fitzgerald and Jack Mallers, tweeted that Twenty One is expected to start trading today on the NYSE under the stock code XXI. As part of the listing delivery process, the team will transfer over 43,500 Bitcoins from the custody account back to their own custody account, and will update the corresponding reserve proof upon completion.
Airwallex founder reveals rejection of Stripe's $1.2 billion acquisition offer
BlockBeats news, on December 9, the founder and CEO of payment startup Airwallex, Jack Zhang, stated, 'In 2018, Stripe offered to acquire us for $1.2 billion when our revenue was only $2 million. The valuation given by Stripe was 600 times revenue, and based on the latest Stripe stock price, I personally could have made over $2 billion. But the team declined. Now, we have raised $330 million, with a valuation of $8 billion, and our annual recurring revenue (ARR) has reached $1 billion.'
According to previous reports, Airwallex raised $330 million in its latest funding round, reaching a valuation of $8 billion. According to a statement released on Monday, this valuation is approximately 30% higher than the previous funding round six months ago. This round of financing was led by Addition, with participation from institutions such as Activant, Lingotto, and TIAA Ventures.
Michael Saylor Introduces Bitcoin-Supported Digital Banking Systems to Governments
BlockBeats message, on December 9, according to Cointelegraph, Strategy founder Michael Saylor is pushing governments to develop Bitcoin-based digital banking systems, which can offer high yields and low volatility accounts, potentially attracting trillions of dollars in deposits.
At the Bitcoin MENA event held in Abu Dhabi, Michael Saylor stated that countries can utilize over-collateralized Bitcoin reserves and tokenized credit instruments to create regulated digital bank accounts, thereby offering higher yields than traditional deposits.
The probability of the Federal Reserve lowering interest rates by 25 basis points in December is currently reported at 87.3%
BlockBeats news, on December 9, according to CME's 'FedWatch' data, the probability of the Federal Reserve lowering interest rates by 25 basis points in December is 87.3%, while the probability of keeping the rates unchanged is 12.7%.
The Federal Reserve will announce the U.S. Federal Reserve interest rate decision for December 10 at 3:00 AM Beijing time on December 11 (Thursday), with an expected rate of 3.75%, previous value 4.00%; at 3:30, Federal Reserve Chairman Powell will hold a monetary policy press conference.
Cryptocurrency fear index rises to 22, market still in a state of 'extreme fear'
BlockBeats news, on December 9th, according to Alternative data, today's cryptocurrency fear and greed index has risen to 22 (yesterday it was 20), and the market is still in a state of 'extreme fear'.
Note: The fear index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google trending analysis (10%).
'Maji' increased ETH long position to 5200 coins, equivalent to 16.25 million USD
BlockBeats message, on December 9, according to HyperInsight monitoring, 'Maji' increased its ETH long position to 5200 coins, equivalent to 16.25 million USD, currently with an unrealized profit of 346,000 USD, opening price 3059.55 USD, liquidation price 3064 USD.
Humanoid Robot Company Generative Bionic Completes €70 Million Financing, Tether Participates
BlockBeats News, on December 9, reported by The Block, Italian humanoid robot company Generative Bionic completed a €70 million financing round, with participation from Tether, AMD Ventures, and the Italian state-supported AI fund.
This company, which was established only a year ago, is developing 'physical AI' humanoid robots designed to work in environments created for humans, performing handling, lifting, and repetitive tasks that traditional robotic arms find difficult to accomplish easily.
Strategy CEO: The company will hold Bitcoin at least until 2065, maintaining a long-term accumulation strategy
BlockBeats news, on December 9, according to Cointelegraph, Strategy CEO Phong Le stated that the company will hold Bitcoin at least until 2065, maintaining a long-term accumulation strategy. Despite the increasing influence of spot Bitcoin ETFs, MSTR's stock price will still be a key proxy indicator for BTC.