OKX market shows that BTC fell below 101,000 USDT and is now at 100,986.4 USDT, with the 24-hour increase narrowed to 4.39%. (This newsletter is generated by AI)

On Wednesday, Vancouver City Council in Canada passed its motion to become a "Bitcoin-friendly city" and explore its potential municipal uses. "I've wanted to do this for a while, but I don't think the public is ready to have a conversation," Vancouver Mayor Ken Sim said in a phone interview on Tuesday before the council vote. It decided to speak out more for cryptocurrencies because "all of a sudden, with what's happening in the United States, a lot of other nation-states and provinces and states are saying they're going to do this, too," Sim said. "We want to be ahead of the curve." ” Since announcing the motion in late November, Sim has been a big believer in Bitcoin, calling it “the greatest invention in human history” and saying that traditional fiat currencies “will go to zero.” He believes Bitcoin “may” be worth only a fraction of its future value, but he stressed that he is not qualified to provide investment advice. (Bloomberg) Previously, Ken Sim, who has served as Mayor of Vancouver since 2022, announced that the City of Vancouver, Canada, plans to add Bitcoin to its balance sheet as part of its investment diversification efforts. At the Vancouver City Council meeting held on November 26, Mayor Sim submitted a notice of motion, scheduled to be presented on December 11, entitled “Maintaining the Purchasing Power of the City through Diversification of Financial Resources: Becoming a Bitcoin-Friendly City.” As of November 27, the motion does not appear to have been published on the city government’s website, and the Vancouver Mayor’s Office declined to comment. It is unclear whether the Vancouver Mayor’s motion is a response to the local and federal governments in the United States considering legislation to establish Bitcoin reserves. 2024 After the 2016 election, lawmakers in both the Pennsylvania House of Representatives and the U.S. Senate proposed plans to have the government hold Bitcoin as a reserve asset.

The U.S. Senate's vote on SEC Commissioner Caroline Crenshaw's reelection remains "pending." If the nomination continues to stall, President-elect Trump may choose Republican Paul Atkins to fill her vacant seat on the Big Five Commissioner list because her term has expired. Under statute, Crenshaw can only serve at the SEC until January 2026 if no one else is confirmed to her position. Trump announced Atkins earlier this month as his pick to head the agency. Chairman Gary Gensler and Commissioner Jaime Lizárraga, both Democrats, plan to leave the SEC in January. The SEC can have up to five commissioners, but no more than three from the same political party. Tyler Gellasch, president of the Healthy Markets Association, a trade group, said failure to confirm Crenshaw for a second term could cause the agency to lose important momentum for diverse political viewpoints. “A shift to single-party control of the SEC means the agency’s rules and enforcement efforts could swing from one ideological extreme to another, seriously jeopardizing America’s position as a leading global market,” Gellasch said in an emailed statement Dec. 10. Senator Tim Scott, the committee’s top Republican, said last week that he opposes efforts to push Crenshaw and other Biden nominees through the “lame duck” session. “The Democrats’ last-minute push to ram through President Biden’s nominees is a blatant attempt to obstruct President Trump’s agenda,” Scott said in an emailed statement Dec. 6. (Bloomberg)

According to Odaily, recent data from Farside Investors reveals that ARKB experienced a substantial net inflow of $52.7 million yesterday. This significant financial movement highlights a growing interest and confidence among investors in ARKB, reflecting broader market trends and potential future growth opportunities. The influx of capital into ARKB is indicative of a positive sentiment in the investment community, as stakeholders seek to capitalize on emerging opportunities within the market. This development is part of a larger pattern of investment shifts, where investors are increasingly looking for promising avenues to allocate their resources. The substantial inflow underscores the potential for ARKB to leverage this increased capital for strategic initiatives and expansion. As the financial landscape continues to evolve, the implications of such inflows are critical for understanding market dynamics and investor behavior. The data from Farside Investors provides valuable insights into the current state of the market, offering a glimpse into the strategic decisions being made by investors. This trend may influence future investment strategies and market positioning, as stakeholders assess the potential risks and rewards associated with ARKB.

Market has entered correction period, following unpleasant surge in liquidation source: https://u.today/xrp-critical-pattern-emerging-ethereum-eth-not-giving-up-major-solana-sol-support-here

Web3 gaming ecosystem Treasure DAO announced the launch of its mainnet on Wednesday. A statement said: "This launch marks one of the largest ecosystem migrations in the cryptocurrency space. Treasure is moving more than 15 games, important assets (including MAGIC, ERC-20 tokens and hundreds of thousands of NFTs) from its existing ecosystem on Arbitrum to ZKsync. This migration coincides with several major upcoming TGEs and game releases planned by the network." MAGIC is Treasure's native token. Treasure said: "MAGIC tokens are the backbone of the network, facilitating transactions, governance and the overall economic landscape." DAO participants use the token in governance voting. (The Block) In September, Treasure DAO announced on the X platform that the community passed the proposal to launch the Treasure L2 network in the ZKsync ecosystem with a 99.5% support rate. According to previous plans, Treasure's testnet will be transferred from Arbitrum to a new testnet on ZK Stack before launching the mainnet. “In general, teams usually choose not to participate in governance votes from a voting perspective and leave it to the community,” the Treasure Core development team said. Holders of Treasure’s native token MAGIC will be responsible for deciding on the migration plan.

According to Farside Investors, ARKB saw net inflows of $52.7 million yesterday.

According to PANews, blockchain investigator ZachXBT announced on the X platform that a study on a vulnerability exceeding $25 million will be released next week. The intention is to publish the findings before the end of the year, ensuring that those exploiting the vulnerability will not be able to enjoy their holiday season.

Treasure is transferring over 15 games, its governance token MAGIC and thousands of NFTs from its existing ecosystem on Arbitrum. source: https://www.theblock.co/post/330457/decentralized-gaming-project-treasure-launches-mainnet-after-dao-approved-zksync-migration?utm_source=rss&utm_medium=rss

According to Odaily, recent data from Farside Investors reveals notable movements in Grayscale's investment funds. On the previous day, Grayscale Bitcoin Trust (GBTC) experienced a net inflow of $20.10 million, while Bitcoin itself saw a net inflow of $15.70 million. This indicates a strong interest in Bitcoin-related investments, reflecting a positive sentiment among investors towards the cryptocurrency. In contrast, Grayscale Ethereum Trust (ETHE) recorded a net outflow of $2.30 million, whereas Ethereum experienced a net inflow of $13.40 million. This divergence suggests that while there is a withdrawal from the trust, direct investments in Ethereum remain robust. These figures highlight the dynamic nature of cryptocurrency investments, where investor preferences can shift between direct asset holdings and trust-based investments. The data underscores the ongoing interest and activity in the cryptocurrency market, with investors making strategic decisions based on market conditions and potential returns.

Web 3.0, founder of Hash Global: Building Web3 business applications Golden Finance, user data assets are the core of Web3 applications.

As an emerging technological trend, decentralized AI is gradually demonstrating its advantages in data privacy, security, and cost-effectiveness.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

VBE (Voting Bloc Entropy) is an innovative indicator that quantitatively evaluates the degree of centralization of DAOs and reveals governance risks through clustering and entropy calculations.

Stablecoins are a vital component in the crypto space, and their stability and decentralization have become key competitive points.

Tracking Nvidia's holdings in concept stocks has important reference value. Investors can continue to pay attention to Nvidia's increase in holdings in related concept stocks, the progress of AI commercialization, revenue growth and gross profit margin changes, new product/service releases, changes in the industry's competitive landscape, etc.

Optimism once again teamed up with Uniswap to launch the ERC-7802 cross-chain asset standard, bringing new prospects for improving the efficiency of cross-chain transactions.

Xan’s support and development of the Bitcoin ecosystem lags behind many other exchanges, so this incident has limited impact on Inscription.

However, with the rapid development of AI technology, the threshold for generating false content has been greatly lowered, which further brings more potential risks.

Instead of having separate pools for each stablecoin, Perena will create one large stablecoin pool to make trading between them easier and cheaper.