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Upexi and SharpLink have entered a field where the boundaries between corporate financing and cryptocurrency fund management are becoming increasingly blurred.
The cryptocurrency market is crowded with investors who have suffered such deep losses that they cannot continue buying in, yet are unwilling to cut their losses.
The bulls are right; over time, the money printer will inevitably go “brrrr.”
Bitcoin and Ethereum prices have experienced significant declines, with disagreements over Federal Reserve interest rate policies increasing market uncertainty. The mainstream crypto treasury company mNAV fell below 1, and traders are showing strong bearish sentiment. Vitalik criticized FTX for violating Ethereum’s decentralization principles. The supply of PYUSD has surged, with PayPal continuing to strengthen its presence in the stablecoin market. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The UK government plans to sell 61,000 seized bitcoins to fill its fiscal gap, which will result in long-term selling pressure on the market.
The article discusses a trading incident on the prediction market Polymarket following the end of the U.S. government shutdown. Star trader YagsiTtocS lost $500,000 by ignoring market rules, while ordinary trader sargallot earned more than $100,000 by carefully reading the rules. The event highlights the importance of understanding market regulations. Summary generated by Mars AI. This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
- 00:29New Hampshire launches the first bitcoin-backed municipal bond in the United StatesChainCatcher reported that New Hampshire, USA, has officially approved the nation's first municipal bond backed by bitcoin as collateral, with a scale of $100 million. This marks the first time digital assets have entered the traditional municipal financing system and is seen as an important step for bitcoin toward the $140 trillion global bond market. The bond is authorized by the state's Business Finance Authority (BFA), but the risk is not borne by the state government or taxpayers. The security of the funds is ensured by over-collateralized bitcoin held in custody by BitGo. Borrowers are required to provide approximately 160% of the loan amount in BTC as collateral. If the collateralization ratio drops to around 130%, the system will automatically liquidate positions to protect bondholders' interests. New Hampshire Governor Kelly Ayotte stated that this is a "historic breakthrough in the field of digital finance," as it can attract investment without using public funds. The structure was designed by Wave Digital Assets and Rosemawr Management, with Orrick law firm participating in the compliance framework. Industry insiders believe this model may pave the way for digital assets to enter the municipal and corporate bond fixed income markets, and lay the foundation for future bitcoin bonds truly issued by state treasuries.
- 00:23The IRS proposes to the White House: adopt a crypto asset reporting framework, and this new proposal may change cryptocurrency tax rules.Jinse Finance reported that, according to regulatory documents, the U.S. Internal Revenue Service (IRS) has submitted a proposal to the White House, recommending the adoption of an international standard for digital asset reporting and taxation. The proposal is currently under review by the White House. This proposal, titled "Brokers' Digital Transaction Reporting," was submitted to the White House on November 14 and focuses on implementing the Crypto-Asset Reporting Framework (CARF). As a global tax standard, CARF would allow the IRS to obtain data on offshore crypto asset accounts held by U.S. citizens. If implemented, this measure would align the U.S. tax system with 72 other countries that have already committed to implementing CARF by 2028. The document also notes that the IRS does not classify this measure as a "policy with significant economic impact." However, once implemented, U.S. taxpayers will be required to follow stricter standards when reporting capital gains generated on foreign platforms. The Crypto-Asset Reporting Framework (CARF) was introduced by the Organisation for Economic Co-operation and Development (OECD) at the end of 2022, with the clear goal of promoting the sharing of crypto-related information among participating countries to combat international tax evasion.
- 00:12Today's Fear and Greed Index rises to 15, still at the level of Extreme FearJinse Finance reported that today the Fear and Greed Index has risen to 15, with the level still classified as Extreme Fear. Note: The Fear and Greed Index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media sentiment (15%) + market surveys (15%) + bitcoin's share of the overall market (10%) + Google trend analysis (10%).