1. **Russian Bitcoin Reserve Proposal**: Russian lawmaker Anton Tkachev proposes a national Bitcoin reserve to mitigate geopolitical risks and sanctions, highlighting Bitcoin's potential as a store of value and investment asset.

2. **El Salvador's Bitcoin Policy Adjustment**: El Salvador plans to modify its Bitcoin policy to secure a $1.3 billion IMF loan, including making Bitcoin acceptance voluntary for businesses and reducing the fiscal deficit.

3. **Nvidia Under Investigation**: China's State Administration for Market Regulation investigates Nvidia for potential Anti-Monopoly Law violations related to its acquisition of Mellanox Technologies.

4. **OpenAI's Sora Video Model**: OpenAI launches the AI video generation model Sora, available to paid ChatGPT users, capable of creating realistic videos from text prompts.

5. **Reddit's AI Feature Testing**: Reddit tests 'Reddit Answers', an AI-driven feature providing answers based on user posts, currently available to iOS and desktop users in the U.S.

6. **Magic Eden's NFT Trading with ME Tokens**: Magic Eden allows trading Solana NFTs using ME tokens, with token rewards for sellers, and plans for a significant airdrop.

7. **MicroStrategy's Bitcoin Purchase**: MicroStrategy buys 21,550 bitcoins for $2.1 billion, increasing its holdings to 423,650 bitcoins.

8. **Ethereum Developer Joins Solana**: Max Resnick leaves Ethereum for Solana, citing frustration with Ethereum's slow adaptability and internal politics.

9. **Crypto Market Outlook by Morgan Creek Founder**: Mark Yusko predicts a bear market in mid-2025, despite potential Bitcoin price surges.

10. **Floki and Mastercard's Crypto Debit Card**: Floki partners with Mastercard to launch a debit card supporting 13 cryptocurrencies in Europe.

11. **Binance's MOVE Listing and Airdrop**: Binance lists MOVE token ahead of schedule and opens airdrop claims.

12. **Jupiter's JUP Token Airdrop**: Jupiter community approves a proposal to airdrop 1.4 billion JUP tokens over two years.

13. **Zilliqa's Aventurine Proto-Mainnet**: Zilliqa launches Aventurine Proto-Mainnet, introducing key features for its upcoming 2.0 mainnet.

14. **Lava's Series A Financing**: Bitcoin lending platform Lava raises $10 million in Series A funding, led by Khosla Ventures and Founders Fund.

15. **Riot Platforms' Bond Issuance**: Riot Platforms plans to issue $500 million in convertible senior bonds for Bitcoin acquisitions.

16. **Record Inflows in Digital Asset Investment**: CoinShares reports a record $3.85 billion inflow into digital asset investment products last week.

17. **Cryptocurrency Market Liquidation**: $1.712 billion in cryptocurrency market liquidations occurred in the past 24 hours, primarily from long orders.

18. **Tether's USDT Adoption Milestone**: Tether reports 109 million on-chain wallets holding USDT, highlighting its widespread adoption.

19. **South Korea's Crypto Trading Volume Surge**: South Korea's crypto trading volume nearly doubles the stock market's volume, driven by political factors.

20. **Bhutan's Bitcoin Transfer to QCP Capital**: Bhutan transfers 406 bitcoins worth $40 million to QCP Capital.

21. **Whale's ONDO Purchase**: A whale spends $17.1 million in ETH to buy 10.978 million ONDO tokens during a market crash.

22. **Pump.Fun's SOL Deposit to Kraken**: Pump.Fun deposits 109,600 SOL worth $24.36 million to Kraken.

 Russian Lawmaker Proposes Creating a National Bitcoin Reserve
 According to CryptoBriefing, a Russian lawmaker has proposed the creation of a national Bitcoin reserve to hedge against geopolitical risks and sanctions. Anton Tkachev, a member of the New People's Party of the Russian State Duma, submitted a formal appeal to Finance Minister Anton Siluanov, proposing the establishment of a Bitcoin reserve, similar to the traditional national fiat currency reserve. "For countries under sanctions, cryptocurrencies have become the de facto only tool for international trade due to the difficulty in accessing the traditional international payment system," Tkachev wrote in the appeal. The proposal comes at a time when Russia is facing limited access to the global financial system due to sanctions. Tkachev stressed that traditional foreign exchange reserves are vulnerable to sanctions, inflation and volatility, which could threaten Russia's financial stability. He pointed out that modern challenges require the introduction of new payment processing systems and alternative reserve storage tools, and mentioned crypto assets such as Bitcoin that are independent of a single country. The lawmaker specifically mentioned the situation of Bitcoin reaching $100,000 in December 2024, emphasizing its potential as a store of value and investment asset. Tkachev added that the initiative is in line with the Bank of Russia’s efforts to include digital assets in cross-border payments and highlights the growing importance of crypto assets as a viable tool for international trade. The implementation of the measure requires a lot of policy adjustments and coordination among government agencies, including the central bank and financial regulators.
 El Salvador may scale back its Bitcoin plans to seal $1.3 billion IMF deal
 According to the Financial Times, El Salvador is planning to adjust its Bitcoin policy in exchange for a $1.3 billion loan from the International Monetary Fund (IMF). According to the draft agreement, El Salvador will remove the mandatory requirement for companies to accept Bitcoin payments and instead accept it voluntarily, while promising to reduce the fiscal deficit by 3.5 percentage points within three years by cutting spending and increasing taxes. In addition, El Salvador will pass an anti-corruption bill and increase foreign exchange reserves to $15 billion. If the IMF's negotiations with El Salvador are successful, the country will secure an additional $2 billion in loans from the World Bank and the Inter-American Development Bank and help El Salvador reintegrate into international financial markets. Although President Bukele has been controversial for promoting Bitcoin policies, El Salvador's bond prices have risen sharply recently, and its risk premium has dropped from 3,500 basis points in July 2022 to 398 basis points recently. The Bukele government is seeking to promote national development through economic recovery and foreign investment while continuing to promote its signature Bitcoin policy. Although many Salvadorans still prefer to use the U.S. dollar, Bukele said the country’s bitcoin reserves have grown 127% to more than $600 million, describing it as “El Salvador’s first bitcoin piggy bank.”
 Nvidia is suspected of violating the Anti-Monopoly Law, and the State Administration for Market Regulation has decided to initiate an investigation in accordance with the law
 The State Administration for Market Regulation recently filed a case against NVIDIA for suspected violations of the Anti-Monopoly Law of the People's Republic of China and relevant provisions in Announcement No. 16 of 2020. The case involves possible restrictive behaviors after NVIDIA acquired the equity of Mellanox Technologies Co., Ltd. The specific details have not been disclosed yet and the investigation is still ongoing.
 OpenAI officially launches AI video generation model Sora
 According to financial reports, on Monday local time, OpenAI announced that it would officially open the artificial intelligence (AI) video generation model Sora to users. The system can generate realistic videos based on text prompts. This is 10 months after OpenAI first publicly previewed this product. According to OpenAI, Sora will be open to paid ChatGPT users in the United States and other markets later that day. The new version of the tool Sora Turbo can generate videos up to 20 seconds long and can provide multiple variations of these videos. OpenAI CEO Altman said that the use of Sora is still limited in the early stage. ChatGPT Plus subscribers can generate 50 low-resolution videos per month, and ChatGPT Pro subscribers can generate unlimited "slower" high-resolution videos, as well as 500 quickly generated videos.
 Reddit launches testing of AI-powered 'Reddit Answers' feature
 According to CNBC, Reddit announced the launch of the AI-driven "Reddit Answers" feature, which allows users to search content through the platform and get answers based on user posts. Unlike other AI chat tools, Reddit Answers' answers come from posts within the platform rather than other content on the Internet. Currently, the feature is being tested on a small scale in the United States and supports iOS and desktop users. It will be expanded to Android users and other language versions in the future. Reddit said that Reddit Answers will serve as a bridge for users to explore Reddit content, rather than relying solely on AI to generate summary content.
 Magic Eden will allow users to trade Solana NFTs using ME tokens
 NFT market Magic Eden announced on X platform that starting tomorrow users will be able to use ME tokens to buy and sell Solana NFTs on its platform, and sellers who list NFTs with ME will also receive token rewards after successful sales. In addition, the ME airdrop claim will be open at 22:00 on December 10. According to previous news, Magic Eden (ME token) TGE will be held on December 10, and the airdrop scale is expected to exceed US$500 million.
 Later news came from Magic Eden CEO: The next version of Magic Eden will be similar to Binance on the chain, supporting transactions of all assets on all chains.
 MicroStrategy purchased 21,550 bitcoins last week for about $2.1 billion in cash
 According to MicroStrategy's official announcement, the company purchased 21,550 bitcoins for approximately $2.1 billion in cash between December 2 and December 8, with an average price of approximately $98,783 per bitcoin. As of December 8, MicroStrategy and its subsidiaries held a total of 423,650 bitcoins, with a total purchase cost of approximately $25.6 billion and an average purchase price of approximately $60,324 per bitcoin. In addition, the company disclosed that its quarterly bitcoin yield (BTC Yield) was 43.2%, and its year-to-date yield was 68.7%.
 Ethereum Developer Max Resnick Joins Solana Camp Out of ‘Frustration’ with Ethereum
 According to CoinDesk, Max Resnick, a developer who has long been committed to the Ethereum ecosystem, joined the Solana camp on Monday and gave up his work at the development company Consensys. "Solana has more possibilities and potential energy," Resnic said in an interview. He described his decision as based on his career path, but pointed out that "frustration" with Ethereum's inability to adapt contributed to the move. He criticized a rigid culture that hinders progress. Ethereum lacks a simplified process for rapid changes. Some people think this is an advantage of decentralized networks, while others, like Resnick, think it is a stumbling block to long-term success. According to reports, Ethereum, as a technical network, is notoriously slow to act. Its developer community regards co-founder Vitalik Buterin's annual "roadmap" as a yardstick for measuring Ethereum's slow progress. Many important changes may still take years to implement. Resnick said that while Ethereum's decision-making may not be as deliberately disjointed and ineffective as Bitcoin, the network still has quite unhealthy internal politics. Important discussions about improving the network "are quietly going on in Vitalik's private messages." This prompted Resnick to look for a new home and eventually chose Solana. He works on Anza, a spinoff project from Solana Labs that builds its core client, and said he appreciates Solana’s ability to move quickly in the face of competition.
 Morgan Creek founder: Crypto market expected to enter bear market in mid-2025
 According to Cointelegraph, Mark Yusko, founder of Morgan Creek Capital, shared his insights on the cryptocurrency market in an interview and put forward a comprehensive outlook for 2025. Despite the hype that the United States may implement a strategic reserve of Bitcoin, Yusko still firmly believes in the theory of Bitcoin's four-year cycle. He predicts that Bitcoin will experience a sharp rise after reaching a reasonable valuation of about $100,000, and the price may climb to between $120,000 and $150,000 by mid-2025. However, he also warned that the market may fall into a bear market before the end of 2025, noting: "In mid-2025, we will usher in the beginning of another bear market." Regarding Ethereum (ETH), Yusko expressed doubts about its long-term dominance. Although the approval of the Ethereum spot ETF in 2024 is an important milestone, Yusko questioned Ethereum's competitive advantage. He questioned: "If Ethereum did not exist, but was invented today, would anyone choose to use it?" With the emergence of new platforms like Solana and Avalanche
 Floki and Mastercard Launch Debit Card in Europe Supporting 13 Cryptocurrencies
 According to Cointelegraph, Floki has launched a debit card with Mastercard that can be issued in 31 countries corresponding to the EU and EFTA member states, available in physical and virtual form, and can be used wherever Visa and Mastercard are accepted. The card supports eight blockchains and can be topped up with FLOKI and other cryptocurrencies. The card has no transaction fees, but the top-up fee is 2%, and there is a one-time setup fee. Its daily limit is 5,000 USDT. The card can be topped up with cryptocurrencies such as FLOKI, BTC, ETH, Tether's three stablecoins (USDT, EURT, XAUT), Circle's stablecoin USDC, BNB, SOL, DOGS, HMSTR, TON and NOT. Floki announced its plan to issue a debit card in March, which was one of the first elements on its roadmap. Floki's flagship product, the Valhalla game metaverse mainnet, is expected to be launched in the first quarter of 2025, which has been delayed. Its ecosystem is based on the Ethereum and BNB Smart Chain networks.
 Binance will list MOVE (Movement) ahead of schedule at 20:00
 Binance issued an announcement stating that MOVE (Movement), which was originally scheduled to be launched at 21:00 (GMT+8) on December 9, 2024, will be advanced to 20:00 (GMT+8) on December 9, 2024.
 Later in the day, it was announced that Binance will launch the MOVE U perpetual contract at 22:00 .
 Movement is now open for airdrops
 The Movement Foundation announced that Movement is now open for airdrop claims.
 Jupiter community's proposal to airdrop 1.4 billion JUP tokens over the next two years was approved
 The Jupiter community of the Solana ecosystem decentralized exchange has passed a new round of Jupuary airdrop proposal with 87% support, and a total of 1.4 billion JUP tokens will be released in two installments over the next two years. The highlights of this updated proposal include: unclaimed JUP will be allocated to the ASR (coin holding incentive) reward pool; additional rewards will be provided to staking users, and priority will be given to actual coin holders and ecosystem participants, while explicitly excluding the participation of robots.
 Zilliqa Officially Launches Aventurine Proto-Mainnet
 Zilliqa announced the official launch of Aventurine Proto-Mainnet in preparation for the upcoming release of Zilliqa 2.0 mainnet. As the final test network, Aventurine introduces several important features, including interoperability between EVM and Scilla smart contract language, delegated staking function to support liquidity staking, and integration and token migration of decentralized applications (dApps). Zilliqa 2.0 will also achieve cross-chain bridging with Cardano through cooperation with Wanchain, while attracting multiple validators including LSP to participate in network construction.
 Bitcoin lending platform Lava completes $10 million Series A financing, led by Khosla Ventures and Founders Fund
 According to Fortune, as the price of Bitcoin breaks through $100,000, Keith Rabois, managing director of Khosla Ventures, is betting on the field of Bitcoin lending and has invested in Lava, a Bitcoin lending platform headquartered in New York. Lava has completed a $10 million Series A financing led by Khosla Ventures and Founders Fund, providing users with the service of borrowing US dollars with Bitcoin as collateral, with the slogan "Save with Bitcoin, Spend with US Dollars". This round of financing has received support from top fintech investors, including Keith Rabois, Peter Thiel, Vinod Khosla, Jon Chu and Joey Krug. Lava's core innovation is to allow users to "self-custody" assets and avoid platforms holding Bitcoin to reduce the possibility of platforms such as Genesis, BlockFi and Celsius going bankrupt due to overlapping risks. In addition, Lava emphasizes risk resistance, does not issue tokens, and the Series A financing is pure equity financing. Founder Shehzan Maredia said that users are well aware of the risks of the last round of crypto industry collapse, so they prefer to choose safer services. Lava plans to expand its services and add payment and bitcoin purchasing features to attract more users.
 Riot Platforms plans to issue $500 million in convertible senior bonds privately, with funds to be used for acquisitions of Bitcoin, etc.
 According to Riot Platforms' official announcement, the company plans to issue $500 million in convertible senior bonds through a private offering, with a term until 2030, and may issue an additional $75 million in bonds. This bond is an unsecured senior bond that can be converted into cash, Riot common stock, or a combination of the two depending on the conditions. The funds raised from the bonds will be mainly used for the acquisition of Bitcoin and general corporate purposes. The bonds are expected to be redeemable in part or in full after January 20, 2028, and will be convertible only upon the occurrence of certain events before June 15, 2029. The initial conversion rate and other terms will be determined at the time of pricing, with reference to the weighted average price of Riot shares.
 CoinShares: Last week, digital asset investment products had a net inflow of $3.85 billion, a record high
 According to the latest weekly report from CoinShares, digital asset investment products set a record for the largest weekly inflow in history last week, with a total of $3.85 billion, pushing the total inflow from the beginning of the year to date (YTD) to $41 billion, and the total assets under management (AuM) climbed to a new high of $165 billion. Bitcoin attracted $2.5 billion in inflows, with YTD inflows increasing to $36.5 billion; Ethereum recorded an inflow of $1.2 billion, a record high for a single week, exceeding the data when the ETF was launched in July, while Solana suffered outflows for two consecutive weeks, totaling $14 million. Blockchain stock investments also received an inflow of $124 million, the largest inflow since January this year.
 In the past 24 hours, the total network contract liquidation was US$1.712 billion, mainly due to long orders
 According to Coinglass data, the cryptocurrency market had a total of $1.712 billion in liquidation in the past 24 hours, with a total of 569,330 people being liquidated, including $1.551 billion in long orders and $162 million in short orders. The total amount of BTC liquidation was $183 million, and the total amount of ETH liquidation was $240 million. OKX market data showed that Bitcoin fell rapidly in a short period of time around 5 am today, once reaching $94,000, and has now rebounded above $97,000, now at $97,240.9, a daily drop of 0.56%.
 Tether Report: 109 million on-chain wallets hold USDT
 According to Bitcoin.com, Tether's second insight report revealed an important milestone in the adoption of its stablecoin USDT. As of the beginning of the fourth quarter of 2024, 109 million on-chain wallets held USDT. This makes USDT one of the most widely held digital assets, with more than twice the number of Bitcoin holders and close to the 128 million wallets holding Ethereum. In addition, on centralized systems, 86 million accounts have USDT deposits on the chain. In the first three quarters of 2024, centralized exchanges received 4.5 billion page views, highlighting their importance in the crypto ecosystem. Crucially, emerging markets accounted for 46% of these website visits, and users of a large number of emerging market exchanges only bought, held and sent USDT on the platform. USDT has four times the number of wallets of all other stablecoins combined and remains the market leader. As of November 1, there were 54 million on-chain wallets holding more than 1 cent of USDT, which is four times the number of 13.8 million wallets containing all other stablecoins. The comprehensive study covers 97.5% of the stablecoin supply, involving 25 stablecoins on 10 blockchains.
 South Korea’s crypto market trading volume on Friday was nearly twice that of the day’s stock market trading volume
 According to the Korea Herald, affected by the domestic political situation in South Korea, local investors flocked to alternative assets such as cryptocurrencies. As of 3:30 p.m. last Friday, the 24-hour trading volume of South Korea's top five crypto exchanges Upbit, Bithumb, Coinone, Korbit and Gopax was $14.59 billion. The amount is equivalent to 20.72 trillion won, almost twice Kospi's trading volume of 10.48 trillion won that day. Earlier yesterday, 10x Research reported that the Bitcoin market momentum weakened and South Korea's trading volume fell from $25 billion to $6.7 billion.
 Bhutanese government transfers 406 Bitcoins worth about $40 million to QCP Capital
 According to Onchain Lens, the Bhutanese government's address transferred 406.074 bitcoins to QCP Capital, worth about $40 million. The address currently still holds 12,202 bitcoins, with a market value of about $1.2 billion.
 A newly created wallet spent 17.1 million USD worth of ETH to buy 10.978 million ONDO in the early morning
 According to Spot On Chain monitoring, a whale created a new wallet 11 hours ago and spent 4,611 ETH (US$17.1 million) to buy 10.978 million ONDO at an average price of US$1.553 during the market crash.
 Pump.Fun deposited about 109,600 SOL to Kraken in the early morning, worth 24.36 million US dollars
 According to Arkham monitoring, the Pump.Fun fee account deposited approximately 109,600 SOL worth US$24.36 million to Krake 4 hours ago.
 PANews APP has updated its functions, download and experience it now!
 【Comment】Speak freely and exchange views
 【Floating window】Reading interrupted, return at any time
 【Search within the article】Quickly locate and get to the core

Crypto Developments: Russian Bitcoin Reserve Proposal, El Salvador's IMF Deal, Nvidia Investigation, and More