Japan is set to launch its first cryptocurrency-backed credit card in 2025, a partnership between Slash Vision Labs and a major Japanese credit card issuer. This development signals Japan's increasing adoption of Web3 technologies and raises the question: Will 2025 be the year cryptocurrencies go mainstream?

OpenAI further updated the accident report and said that remediation work is continuing. API and ChatGPT services have been partially restored, and Sora is still paralyzed. (Jinshi)

According to Farside Investors, VanEck HODL saw a net inflow of $2.9 million yesterday.

According to the official announcement, Binance has now completed the integration of FDUSD on the Sui network. Deposits and withdrawals of FDUSD tokens are now open. (This newsletter is generated by AI)

On-chain analyst @ai_9684xtpa said that GIGA is the only meme that has been launched on Coinbase but not yet on Binance. Its current market value is 649 million US dollars. Its image is derived from Russian bodybuilder Ernest Khalimov and is inspired by the Internet buzzword Gigachad, which means masculinity, resilience and self-improvement.

Stablecoin-driven new bank KAST has completed a $10 million seed round of financing, led by Peak XV and HongShan, with participation from partners at DST Global and Goodwater Capital. KAST declined to disclose the number of users or valuation, but said its growth in the first four months of operation has exceeded expectations. Peak XV and HongShan are Indian and Chinese investment institutions that spun off from investment giant Sequoia last year. KAST is a dollar-denominated new bank-like platform that allows customers to hold and use stablecoins through traditional payment channels. Kast also issues credit cards compatible with standard merchant networks, allowing users to use their stablecoins at merchants that do not support crypto transactions. Co-founder Raagulan Pathy, who previously led Circle's Asia-Pacific business, said that the banking infrastructure in many countries is seriously lacking in cross-border capabilities. The platform aims to reduce friction in international payments by bypassing traditional banking networks. (TechCrunch)

According to Odaily, MicroStrategy Inc., led by Michael Saylor, meets all the criteria for inclusion in the Nasdaq 100 Index. However, market analysts suggest that the company might be excluded during the index's annual adjustment on Friday. This speculation arises because MicroStrategy has transformed into a leveraged Bitcoin investment rather than a traditional software company, leading many to question its eligibility for the Nasdaq's top 100 stocks. Lance Vitanza, an analyst at TD Cowen, remarked that the index is intended to accurately represent all significant companies in the stock market, and any major company on the Nasdaq should be included. Despite this, he maintains a "buy" rating for MicroStrategy. The company currently holds over $40 billion worth of Bitcoin, following the cryptocurrency's recent record highs. However, its core business reported a net loss of $340 million in the third quarter of this year. MicroStrategy's market capitalization of $98 billion, which ranks it around the 40th largest stock in the Nasdaq 100, is largely driven by its Bitcoin acquisition strategy. This focus on Bitcoin could influence its inclusion in the index. Vitanza noted that Nasdaq might exclude MicroStrategy due to its smaller operational business size. Yet, he added that such a decision would be counterintuitive given the company's substantial market value. Michael Lebowitz, a portfolio manager at RIA Advisors, compared MicroStrategy to a commodity or ETF, asserting that without Bitcoin, the company is essentially defunct. He suggested that it should be reclassified as a financial company next year, as its value is entirely tied to Bitcoin. Lebowitz stated, "The vast majority of the company is just its Bitcoin holdings and the financial intrigue surrounding it, making it a financial company." Vitanza also mentioned that if MicroStrategy were included in the index, the increase in stock trading volume might not significantly impact its liquidity but could attract new investors. Joining the broader U.S. benchmark index, the S&P 500, presents a different challenge, as it considers the profitability of new entrants. This could be a hurdle for MicroStrategy, which has reported net losses in three of the past four quarters. Vitanza concluded, "The fact that they are not a traditional operating company in the conventional sense has a much greater impact on the S&P 500 than on the Nasdaq 100."

On Dec 12, 2024, 01:55 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,800 USDT and is now trading at 3,798.360107 USDT, with a narrowed narrowed 6.28% increase in 24 hours.

According to BlockBeats, a substantial amount of capital is currently flowing into the cryptocurrency market. Monitoring data from lookonchain reveals that in the past 24 hours, approximately 972.6 million USDT has been transferred from the Tether Treasury to various cryptocurrency exchanges. This significant movement of funds indicates a potential increase in trading activity within the crypto market. The influx of USDT, a widely used stablecoin, suggests that investors might be preparing for increased buying or trading activities. Such large-scale transfers often precede market shifts, as traders position themselves to capitalize on potential price movements. The transfer of nearly a billion USDT highlights the dynamic nature of the cryptocurrency market, where substantial capital movements can occur rapidly. This development is being closely watched by market participants, as it could signal upcoming changes in market trends or investor sentiment. The crypto community remains attentive to how this influx will impact market dynamics in the coming days.

OKX market shows that ETH fell below 3800 USDT and is now at 3799.88 USDT, with the 24-hour increase narrowed to 6.37%. (This newsletter is generated by AI)

Coinbase team member Ricardo Petersen shared data showing that Coinbase is now the most downloaded cryptocurrency app in Brazil and one of the top three financial apps in the country.

What is the power of the Willow chip? How far is it from mass production?

Google says its new quantum chip suggests there are multiple universes, TechCrunch reports.

Although MPC (Multi-Party Computation, Multi-party Secure Computation) wallet and Multi-Signature Wallet (Multi-Signature Wallet) are both used to improve the security and control authority of private keys, their working principles and application scenarios are significantly different.

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.