Coinbase CEO Brian Armstrong wrote on X that Anti-Money Laundering (AML) regulations are a failed policy that costs agencies about $213 billion per year, harms legitimate consumers (as we’ve seen with multiple debanking incidents), and only prevents about 0.2% of illegal activity according to the United Nations. This sounds like something the Department of Government Efficiency (DOGE) should handle.

According to Odaily, recent data compiled by HODL15Capital reveals significant on-chain activity for Bitcoin following the launch of the U.S. Bitcoin spot ETF. Since its introduction, a total of 198,258 BTC have been mined. This period has also seen substantial sales and purchases by various entities. Grayscale, through its GBTC/BTC holdings, has sold 366,700 BTC. Additionally, the German government has offloaded 50,000 BTC. On the buying side, nine newly launched ETFs have collectively acquired 826,792 BTC, marking a significant influx of institutional investment into the cryptocurrency market. MicroStrategy, known for its aggressive Bitcoin acquisition strategy, has purchased 197,550 BTC. Meanwhile, other related parties have collectively sold a net total of 409,384 BTC. These transactions highlight the dynamic nature of Bitcoin's market activity in response to the introduction of the spot ETF, reflecting both institutional interest and governmental actions in the cryptocurrency space.

According to Odaily, Dan Romero, co-founder of Farcaster, recently shared insights on social media platform X regarding the influence of upstream banking partners on the operational policies of fintech and cryptocurrency companies. Romero emphasized that the restrictions on certain business activities and client types within these companies are often dictated by their banking partners, who are guided by their respective regulatory bodies. Romero described this phenomenon as a form of 'shadow policy,' suggesting that these restrictions are not explicitly outlined in statutory regulations but are instead shaped by the compliance requirements imposed by banks. This insight sheds light on the complex dynamics between fintech and crypto firms and their banking partners, highlighting the indirect yet significant role banks play in shaping industry practices. The commentary from Romero underscores the challenges faced by fintech and cryptocurrency companies in navigating regulatory landscapes that are heavily influenced by the banking sector. This situation raises questions about the transparency and accountability of such policies, as well as the broader implications for innovation and competition within the financial technology space.

Farcaster co-founder Dan Romero said in an article on X that the list of prohibited businesses/customer types for most fintech/cryptocurrency companies is determined by upstream banking partners through their regulators. This is a shadow policy, not a statutory policy.

Hyperliquid co-founder Jeff Yan posted on X platform that it was inspiring to see tens of thousands of community members gain life-changing wealth in the Hyperliquid genesis event. Importantly, none of these people are insiders. Hyperliquid is a tribute to the original spirit of Bitcoin, and ownership belongs to believers and doers, not rent-seeking insiders. Jeff Yan added that finance is the greatest invention of mankind and the only effective way to coordinate human efforts across time and space. However, the traditional financial system contradicts its fundamental goal of empowering individuals, such as: - Opaque and centralized; - Owned and operated by privileged insiders; - Not embracing technological innovation to better serve users. Hyperliquid is the evolution of finance, but Hyperliquid will only be successful if it encompasses all financial fields.

According to HODL15Capital statistics, since the launch of the US Bitcoin spot ETF, the relevant data of Bitcoin on-chain activities are as follows: - A total of 198,258 BTC have been mined; - Grayscale (GBTC/BTC) sold 366,700 BTC; - The German government sold 50,000 BTC. - 9 new ETFs bought 826,792 BTC; - MicroStrategy bought 197,550 BTC; - The rest of the related parties sold a net of 409,384 BTC.

Parity Technologies, the development force behind Polkadot crypto, announced the anticipated launch of Polkadot 2.0 set for the first quarter of 2025. This major upgrade promised to introduce significant enhancements to the network’s infrastructure, aiming to boost scalability, security, and efficiency. Polkadot 2.0 will further cement the platform’s position in the blockchain industry. It... source: https://www.thecoinrepublic.com/2024/11/30/polkadot-crypto-2-0-in-q1-2025-what-to-expect-from-upgrade-and-price-prediction/

According to Odaily, Charles Hoskinson, the founder of Cardano, has recently expressed concerns about Operation Chokepoint 2.0, describing it as a global and highly targeted attack on the cryptocurrency industry. Hoskinson highlighted the long-term economic and psychological damage caused by this initiative and called for unity within the industry to advocate for new legislation that would prevent such activities from occurring again. Hoskinson shared his views on the global impact of Operation Chokepoint 2.0 on the platform X, emphasizing that the operation represents a systematic approach involving harassment, fines, audits, and the denial of services to cryptocurrency businesses worldwide. His comments align with those of pro-cryptocurrency attorney John Deaton, who has suggested that the Trump administration should investigate the operation. Hoskinson's remarks underscore the need for the cryptocurrency community to come together to address these challenges and work towards a more secure and supportive regulatory environment.

Recently, more than 30 crypto bosses collectively accused the Biden administration of having a carefully planned "Chokepoint 2.0" operation to secretly force banks not to provide services to the crypto industry.

US spot Bitcoin ETFs reached a record 71,570 coins in November, with over $30 billion in total inflows since their January debut. source: https://coincu.com/294609-spot-bitcoin-etfs-purchased

Cardano founder Charles Hoskinson recently commented on Operation Chokepoint 2.0, calling it a global, highly targeted attack on the cryptocurrency industry. He said the impact has caused long-term economic and psychological damage, and called on the industry to unite and fight for new laws to prohibit such activities from happening again. Hoskinson revealed his concerns about the global impact of Operation Chokepoint 2.0 on X. He said the campaign was a systematic process of harassment, fines, audits, and denial of service to cryptocurrency businesses around the world. These comments are consistent with the position of pro-cryptocurrency lawyer John Deaton that the Trump administration should investigate the action.

Golden Finance launches the 2525th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

It has been 15 days since the DEXX theft. As a victim and the leader of a rights protection group, I have sorted out the complete timeline of the incident and the latest developments.

Ripple Labs’ RLUSD stablecoin, an over-collateralized digital currency pegged to the U.S. dollar, is close to receiving approval from the New York Department of Financial Services (NYDFS).

I saw a post about how Einstein recruits talent, and I found it quite interesting and inspiring.

Some time ago, U.S. Senator Cynthia Lummis proposed a bill about Bitcoin called the "Bitcoin Act of 2024", which caused a huge uproar.

Market, Crypto Market, BTC, $100,000 Bitcoin Unstoppable FOMO Golden Finance, "I can calculate the movement of celestial bodies, but I cannot calculate the madness of human beings."

Japan’s financial regulator, the FSA, has cracked down on five unregistered cryptocurrency exchanges targeting Japanese residents.

Technology, ETH, POW, Why is it said that Ethereum may return to the PoW era? Talk about the new PoW model of ZK hardware accelerated mining Golden Finance, the Web3 industry is developing too fast, and new things appear every day.

In this bull market, the public chain Solana relied on its advantages of fast transaction speed and low gas fees to dominate the majority of the traffic during the meme season. On November 22, the price of the SOL token exceeded $260, setting a new all-time high.