MicroStrategy's stock price has risen 477% this year, and Aave is considering integrating Chainlink SVR

Headline

▌MicroStrategy's stock price has risen 477% this year, second only to AppLovin among US technology companies with a market value of more than $5 billion

According to FactSet data, from the beginning of 2024 to the close of last Friday, December 20, MicroStrategy's stock price has risen 477%, second only to AppLovin among all US technology companies with a market value of more than $5 billion. Previously, the company's stock price rose 346% in 2023.  

MicroStrategy said in a filing on Monday that it had acquired another 5,262 bitcoins for about $561 million in the past week, at a price of $106,662 per bitcoin. This brings the company's total holdings to 444,262 bitcoins.

▌Aave Considers Integrating Chainlink SVR Service

According to a proposal in the Aave Governance Forum, Aave is considering integrating a new Chainlink oracle – Smart Value Recovery (SVR), which aims to redistribute profits from trade front-running to DeFi users.  

Chainlink’s Smart Value Recovery (SVR) is an oracle service specifically designed to extract profits from Maximum Extractable Value (MEV) for the benefit of DeFi protocols, and Aave estimates that SVR can capture approximately 40% of MEV profits, which can be redistributed to Aave DAO to benefit users.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $94,380.70, with a daily increase or decrease of -0.6%;

ETH's latest transaction price is $3,399.99, with a daily increase or decrease of +3.9%;

BNB's latest transaction price is $689.08, with a daily increase or decrease of +6.3%;

SOL's latest transaction price is $188.93, with a daily increase or decrease of +5.3%；

DOGE's latest transaction price is 0.3224 yuan, with a daily increase or decrease of +3.6%；

XPR's latest transaction price is 2.25 US dollars, with a daily increase or decrease of +2.5%。

Policy

▌Crypto-friendly Congressman Bernie Moreno was appointed to the Senate Banking Committee

Crypto-friendly Senator-elect Bernie Moreno (R-Ohio) has been appointed to the Senate Banking Committee. The Senate Banking Committee, which could be key to getting cryptocurrency-related bills off the ground in 2025, has jurisdiction over two key agencies: the Securities and Exchange Commission and the Commodity Futures Trading Commission. Other pro-cryptocurrency lawmakers, including Sen. Cynthia Loomis (R-Wyo), were assigned to remain on the committee. The full Senate is expected to confirm the appointments early in the next Congress. Moreno was also appointed to the Senate Commerce Committee, the Senate Budget Committee, and the Senate Homeland Security and Governmental Affairs Committee, according to the statement. IRS says crypto staking should be taxable in lawsuit The U.S. Internal Revenue Service (IRS) said in a lawsuit that staking cryptocurrency should generate a tax liability immediately upon completion. The IRS dismissed a lawsuit filed by cryptocurrency investor Joshua Jarrett in the U.S. District Court for the Middle District of Tennessee. The lawsuit concerns the tax treatment of staking, a process of generating new tokens by using existing tokens and computing power to verify currency transactions. In its response on December 20, the IRS denied that staking creates new property and argued that the taxpayer (Jarrett) should pay taxes on the value of the tokens when they are received as staking rewards.

▌Grayscale Submits Grayscale Horizen Trust (ZEN) 8-K Form to the US SEC

According to market news, Grayscale has submitted a Grayscale Horizen Trust (ZEN) 8-K Form to the US Securities and Exchange Commission (SEC).

Blockchain Applications

▌MoonPay is in talks to acquire crypto payment platform Helio for $150 million

According to Fox Business News reporter Eleanor Terrett, crypto payment service provider moonpay is in talks to acquire Helio for approximately $150 million, which would be MoonPay's largest acquisition to date.  

Helio is an alternative to Coinbase Commerce, offering a self-service crypto payment platform that enables content creators and e-commerce merchants to get paid in the form of cryptocurrency. It currently offers a “white label solution” that includes trading infrastructure for Solana Pay and DEX Screener.

▌Crypto.com Launches Sports Prediction Market in the US

Crypto.com has announced the launch of sports prediction markets in the US, where US customers can now bet on sporting events, starting with the Super Bowl, using a variety of cryptocurrencies. If the prediction is correct, payment can be obtained within one business day after settlement.

Company spokesman Matt David said the product will leverage Crypto.com’s popularity among US sports fans to serve the growing number of cryptocurrency traders who want to bet on the outcomes of real-world events.

Cryptocurrency

▌Robinhood CEO: The company has discussed the establishment of Bitcoin reserves

Robinhood CEO Vladimir Tenev said on the Anthony Pompliano podcast that the company has discussed holding Bitcoin internally, but the company has no plans to maintain BTC reserves. He said: "We will not rule it out. So far, we have not done so. We are not in the investment manager business." 

The CEO went on to say that although Robinhood has not followed the footsteps of companies such as MicroStrategy and Tesla and added Bitcoin to its balance sheet, his company's stock price "is highly correlated with Bitcoin without us having added Bitcoin to our inventory." Robinhood stock (ticker: HOOD) has risen 202% this year, while Bitcoin has returned 110% so far this year.

▌Analysis: There have been at least three 20% declines in previous bull markets, which have not yet been reached in this pullback

Larry Cermak, CEO of The Block, pointed out in The Scoop podcast that there have been at least three 20% declines in previous crypto bull markets. He said: "Even the recent decline did not reach 20%. In historical bull markets, this usually happens one or two, sometimes even three times. It can clear over-leveraged positions in the market and accumulate strength for the next round of increases."  

Larry Cermak added: "It is beneficial to clear out excess leverage. Of course, bull markets tend to end this way."

▌Santiment: When retail investors sell in panic, whales and sharks buy on dips and trigger a market rebound

Crypto market research firm Santiment posted on the X platform that the crypto market has further pulled back this week, triggering panic among retail investors. Bitcoin and Ethereum, in particular, have been subject to a large amount of panic selling by new traders who have just entered the market in the past 2-3 months. These new traders have not experienced medium-sized adjustments before, and they are panicked by foreign market environments that they are not familiar with. Historically, when retail investors start selling out of panic and emotion, whales and sharks usually seize the opportunity to buy more coins with less resistance, triggering a price rebound that may not happen immediately, but market conditions are moving in the right direction.

▌Virtuals Protocol eco-tokens generally rose, GAME 24-hour increase of 69.5%

Golden Finance reported that the market showed that Virtuals Protocol eco-tokens generally rose, including: AIXBT is currently quoted at 0.3324 US dollars, a 24-hour increase of 21.5%; GAME is currently quoted at 0.2601 US dollars, a 24-hour increase of 69.5%; LUNA is currently quoted at 0.1128 US dollars, a 24-hour increase of 32.3%; The market fluctuates greatly, please do a good job of risk control.

▌Today's Fear and Greed Index rose to 73, and the level is still greedy

Today's Fear and Greed Index rose to 73, and the level is still greedy. Note: The threshold of the Fear Index is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).

Important Economic Dynamics

▌The U.S. 10-year Treasury yield rose to 4.597%

The U.S. 10-year Treasury yield rose to 4.597%, the highest level since May 30.

▌Fed to Solicit Comments on Adjustments to Bank Stress Tests

The Federal Reserve said on Monday that Wall Street banks will have the opportunity to comment on a series of adjustments to the Federal Reserve's annual bank stress test. The Fed said it would solicit public comments on the model used to determine banks' assumed losses and income under stress conditions, and the reform proposal also includes averaging two years of test results to reduce year-on-year changes in capital requirements caused by stress tests. "These proposed adjustments will not have a material impact on overall capital requirements," the Fed said in a press release. The Fed analyzed the current stress test and decided to adjust it to increase resilience. Regulators plan to launch a public comment process on potential adjustments to stress tests in early 2025.

Golden Encyclopedia

▌What is Ripple Labs' RLUSD stablecoin?

RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for trading and transactions. As a stablecoin pegged to the US dollar, 1 RLUSD is equivalent to 1 US dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either US dollar deposits or cash equivalents.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment concept and be sure to increase risk awareness.