The White House clarified that Mr. Musk did not work for the newly created Department of Government Effectiveness, although the name was seen as almost synonymous with it. Joshua Fisher, director of the White House Executive Office, said Mr. Musk was a senior adviser to the president and had no higher authority than other senior White House staff. Mr. Fisher said late Monday that Mr. Musk's role was separate from the Department of Government Effectiveness, which he supports.
Binance said that due to potential security issues with the TROY-BEP20 token contract, the deposit business of TROY (BSC) has been suspended on January 2, 2025 to protect users. Other services related to the aforementioned tokens, such as deposits and withdrawals through the Ethereum network (ETH), will not be affected.
Tether CEO Paulo Ardoino said that the upcoming regulatory framework in Europe will create significant banking concerns for stablecoin issuers, which could threaten the stability of the broader cryptocurrency sector. The Crypto Asset Market Supervisory Authority (MiCA) is the first comprehensive regulatory framework for the crypto industry, which will come into full effect on December 30. According to MiCA, stablecoin issuers must hold at least 60% of the reserve assets of European banks.
China Merchants Wing Lung Bank said that its securities trading services have fully covered virtual asset spot and futures ETF products listed on the Hong Kong Stock Exchange, including mainstream virtual currencies such as Bitcoin and Ethereum, as well as 20 ETF products investing in blockchain technology. According to Lin Shufen, assistant general manager of China Merchants Wing Lung Bank, the Hong Kong Special Administrative Region government is actively promoting the development of an intern...
According to on-chain analyst Ember Monitoring, the whale that raised the CRV from CEX yesterday raised 5.50 million CRV (1.51 million USD) from Binance an hour ago. The whale has accumulated a total of 18 million CRVs ($4.68 million) from Binance and OKX in the last 30 hours, with an average price of $0.26.
Hamas official Ali Balaka said that Hamas has rejected Israel's latest ceasefire proposal.