Wu's Selected Daily Crypto News - The annualized quarterly GDP in the United States for the third quarter remains at 2.8%, while the core PCE revision has dropped to 2.1%.
Powered by ChatGPT1. The U.S. GDP for the Third Quarter Maintains an Annualized Quarterly Rate of 2.8%, Core PCE Revision Drops to 2.1%
The U.S. third quarter actual GDP annualized quarterly rate is revised to 2.8%, with an expectation of 2.80% and a previous value of 2.80%. The annualized quarterly rate of the U.S. third quarter core PCE price index is revised to 2.1%, with an expectation of 2.2% and a previous value of 2.20%.
2. Large Transactions in the Bitcoin Options Market, Whales Hint at Major Market Movements
Greeks live reports that the Bitcoin options market has seen high trading activity recently, with a total of over 6000 $BTC in large transactions since 21:00, and the total amount of large call options traded throughout the day exceeding 120 million USD. Nearly 5000 $BTC of transactions were concentrated in the range of 92000 to 100000 USD, with premiums about twice as high as usual. This sustained bulk buying behavior suggests that market whales are positioning themselves, which may indicate that the Bitcoin market is about to experience significant movements.
3. Grayscale Opens Private Placement for Various Cryptocurrency Trusts to Qualified Investors
Grayscale announced on X that it has now opened private placements for various cryptocurrency trust products to qualified investors, covering tokens including: AAVE, AVAX, BAT, BCH, TAO, LINK, FIL, LTC, LPT, MKR, NEAR, SOL, STX, XLM, SUI, XRP, ZEC.
4. Brazilian Congressman Eros Biondini Proposes Bitcoin Strategic Reserve Bill
Brazilian Congressman Eros Biondini has proposed a bill recommending the establishment of a "Bitcoin Strategic Sovereign Reserve" (RESBit), allocating up to 5% of international reserves to Bitcoin to diversify national assets, respond to exchange rate fluctuations, and geopolitical risks. The bill stipulates that reserve management must adhere to transparency principles, utilizing high-security storage methods such as cold wallets, with joint responsibilities held by the central bank and the treasury, and regular disclosure of reports. This proposal also plans to support the development of blockchain technology and provide reserve support for the future digital Brazilian Real (Real Digital).
5. CZ: Emerging Field of Blockchain and AI Integration Needs More Tool Support
CZ tweeted that AI labeling and data processing are very suitable to be done on-chain, enabling instant (micro) payments through cryptocurrency while leveraging global low-cost labor without geographical restrictions. BNB Chain Greenfield provides storage capacity but requires more tools for support. Zignaly co-founder Abdul Rafay Gadit inquired about the best literature on the combination of blockchain and AI, to which CZ responded that the field is relatively new, and he is currently learning by communicating with industry founders and developers. AI expert Elja acknowledged BNB Greenfield, commenting that the product is excellent but needs to enhance user education and suggested opening a new Twitter account. CZ responded to this with a "100 points" symbol indicating recognition. Additionally, angel investor George Kikvadze asked what kind of incentive mechanisms could be designed to reward continuous and high-quality labelers while preventing spam content or low-quality submissions. CZ replied that high-quality labelers could be rewarded through a normal distribution curve while avoiding rewards for low-quality submissions, and considerations for preventing bot attacks would require separate measures.
6. Trump Administration Plans to Expand CFTC Powers and Restructure Cryptocurrency Regulation
The incoming Trump administration plans to expand the powers of the CFTC to regulate a digital asset market valued at 3 trillion USD. This move aims to weaken the SEC's jurisdiction over the crypto industry and regulate digital assets such as $BTC and ETH, which are considered commodities, along with their spot markets through the CFTC. The Trump administration believes this will provide the industry with a clear regulatory framework and promote innovation. Previously, former CFTC chairman Chris Giancarlo was considered a strong candidate for the position of "crypto czar" in the Trump administration.