ChainCatcher news, according to market data from RootData, the Steem token (SBD) has increased by 169.01% in the last 24 hours, currently priced at $5.90.According to the Web3 asset data platform RootData, Steem is a blockchain aimed at building a decentralized social media platform.

ChainCatcher news, according to Bitcoin.com News, U.S. Senator Mike Lee has reintroduced the No CBDC Act, which aims to permanently prevent the Federal Reserve from supporting digital currencies.The bill has the joint support of Senators Ted Cruz and Rick Scott, marking another significant move following Trump's executive order banning CBDCs. The legislation will ensure that the Federal Reserve cannot issue, hold, or use CBDCs in any form.

ChainCatcher news reports that a survey by GlobalData shows that for consumers in many countries, the services offered by CBDCs are insufficient to motivate them to switch from familiar payment methods to CBDCs, as state-backed digital currencies face issues such as lack of user incentives, privacy concerns, and technical challenges.GlobalData banking and payments analyst Blandina Szalay stated, "In countries where CBDCs have been fully launched—Bahamas, Jamaica, Eastern Caribbean Currency Union, and Nigeria—the acceptance of CBDCs is very limited, which can be attributed to the lack of compelling incentives to encourage consumers to shift from the payment methods they are already accustomed to."Convenience and habit also play a significant role in people's choice of payment methods. According to GlobalData, CBDCs have not yet provided enough benefits to make them a better option. In fact, in places where active CBDC programs exist, users complain that the new system makes payments more complicated and "does not provide sufficient benefits."

ChainCatcher news, according to Crowdfund Insider, U.S. House Financial Services Committee Chairman French Hill and Digital Assets, Fintech, and Artificial Intelligence Subcommittee Chairman Bryan Steil issued a joint statement expressing support for President Trump's signing of an executive order related to digital assets. The two chairmen stated that the President's Digital Asset Market Working Group will strengthen the United States' leadership position on the international stage.It is noteworthy that they also emphasized their stance against the issuance of Central Bank Digital Currencies (CBDCs) in the U.S., believing that this aligns with the goal of protecting the financial privacy of Americans.

ChainCatcher news, Trump has signed an executive order to establish a Presidential Digital Asset Market Working Group. The task of the working group is to develop a federal regulatory framework for managing digital assets (including stablecoins) and to assess the creation of a strategic national digital asset reserve. The working group will be chaired by the White House's "AI and Cryptocurrency Czar" David Sacks, with members including the Secretary of the Treasury, the SEC Chair, and heads of other relevant departments and agencies. The executive order directs departments to propose recommendations to the working group regarding any regulations and other agency actions that should be rescinded or modified that impact the digital asset sector.Additionally, the executive order prohibits agencies from taking any action to establish, issue, or promote central bank digital currencies (CBDCs). The order also rescinds the previous administration's "Digital Asset Executive Order" and the Treasury's "Framework for International Engagement on Digital Assets," stating that these two executive orders stifled innovation and harmed America's economic freedom and global leadership in the digital finance space.Previously, news reported that U.S. President Trump stated he was signing executive orders related to AI and cryptocurrency.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X: "In addition to signing an executive order to establish a cryptocurrency committee, cryptocurrency policy leaders also expect Trump to sign an executive order banning the creation of CBDCs. It is unclear when these executive orders will be specifically signed."

ChainCatcher news, according to The Block, Scott Bessent, the Treasury Secretary nominee by President-elect Trump, stated during his nomination hearing at the Senate Finance Committee that he believes the United States "has no reason" to have a central bank digital currency (CBDC).He said, "I believe the United States has no reason to issue a central bank digital currency; in my view, central bank digital currencies are meant for countries that have no other investment options."Bessent was appointed by Trump as a cryptocurrency expert at the end of November last year, and he holds a positive attitude towards cryptocurrencies. In an interview, he told Fox Business that he is "excited about the president's acceptance of cryptocurrencies."

ChainCatcher news, according to CoinDesk, the UK government has appointed Emma Reynolds to replace Tulip Siddiq, who resigned due to a corruption scandal, as the new Chancellor of the Exchequer. She will be responsible for overseeing digital assets, central bank digital currencies (CBDC), and broader financial sector matters.

ChainCatcher news, according to Upbit's announcement, the trading support for SteemDollars (SBD) will be terminated on February 12, 2025, at 17:00 KST. The announcement states that Upbit, based on its digital asset trading support policy, has comprehensively considered the use, functionality, trading, and adoption status of SBD, and determined that it does not meet the relevant requirements. Therefore, it was designated as a trading caution project on December 30, 2024. After further review, Upbit has decided to terminate trading support for SBD.Upbit emphasizes that it will no longer support related services such as airdrops, wallet upgrades, or hard forks for SBD, and reminds users to be aware of the high risks associated with cryptocurrency assets.

ChainCatcher message, the dYdX community voted to allocate 4 million dollars from the Treasury subDAO assets to fund the remaining 14 months of DEP.

ChainCatcher news, Sky co-founder Rune Christensen stated that more effort will be devoted to fully migrating MKR to SKY by 2025, partly to help eliminate the confusion surrounding MKR and SKY. Updates and more details regarding the migration and conversion of MKR to SKY will be announced in 2025.Christensen stated that this will not put MKR holders' funds at risk, "The upcoming new proposal will require migration in order to gain usability from the token. Our goal is to ensure that both CoinGecko and exchanges only support SKY, while MKR will simply be a traditional wrapper representing each MKR=24,000 SKY."Sky also plans to launch more subDAOs, known as Stars, in 2025. Christensen mentioned that the changes in SKY's tokenomics (making it deflationary) open the door for a new Star strategy, under which more subDAOs can be launched and have operational freedom.

ChainCatcher news, according to CoinDesk, the Bitcoin Lightning Network payment platform ZBD (formerly Zebedee) announced that it has received approval from the Dutch Authority for the Financial Markets (AFM) and will be granted a license when the MiCA regulation officially comes into effect on December 30.This license will allow ZBD to provide cryptocurrency custody and trading services throughout the European Union. ZBD submitted its application in April this year and is one of the first companies to be approved.Currently, countries like the Netherlands are prepared for the implementation of MiCA, while other EU member states are still advancing related legislative work. The list of approved companies will be published on the AFM's official website after MiCA comes into effect.

ChainCatcher news, according to Ledger Insights, the Reserve Bank of New Zealand has released the results of its CBDC survey initiated in April. The survey received 500 detailed responses, with 18,000 people participating in the public online survey. 90% of online survey respondents are concerned that the government may use CBDC to monitor or control their spending, with over 70% expressing distrust in the Reserve Bank issuing digital cash. However, among respondents participating in the comprehensive consultation, only 36% expressed distrust.A more general issue is whether respondents agree with the reasons for investigating digital cash. Only 16% agreed, while over 80% disagreed. The reasons provided by the central bank are as follows:To ensure New Zealanders can use central bank money and allow for its digital use,To establish an innovative, competitive, and beneficial currency and payment system for the development of New Zealand's digital economy.One of the concerns regarding CBDC globally and in New Zealand is that it may accelerate the decline of cash, while people want to ensure that physical cash remains accessible.

ChainCatcher news, financial solutions company ABD Systems has secured a $20 million token investment commitment from Rollman Management Digital (RMD) to further develop its technology and business.ABD Systems has launched the ABDS token, an Ethereum-based cryptocurrency designed to transform the digital finance space by providing a secure, transparent, and accessible platform for global users.ABD Systems leverages blockchain innovation to create scalable, secure, and user-friendly financial solutions. ABD Systems is committed to bridging the gap between blockchain technology and everyday financial needs, setting new standards for cryptocurrency adoption.

ChainCatcher message, the outgoing Governor of the Reserve Bank of India, Shaktikanta Das, expects that the digital rupee will fundamentally change the Indian economy and emphasizes the gradual adoption of CBDC.In his farewell speech on December 10, Das discussed India's progress in the development of CBDC, noting that many central banks around the world are still in the preliminary discussion and experimentation stages. He stated, "Among central banks, the Reserve Bank of India is a pioneer, as it remains one of the few central banks to have launched a CBDC pilot project."

ChainCatcher news, according to Ledger Insights, the Bangko Sentral ng Pilipinas (BSP) recently announced that it has completed a proof-of-concept trial for its Agila project wholesale central bank digital currency (wCBDC) in collaboration with other financial institutions. Specifically, the latest trial tested whether banks in the Philippines could make payments to each other outside of banking hours, such as during evenings, weekends, and holidays.BSP Governor Eli M. Remolona, Jr. stated, "Wholesale CBDC is expected to enhance liquidity management, reduce settlement risk, and support financial stability. The insights from this project will guide BSP's CBDC roadmap. Our goal is to leverage new technologies to further improve the efficiency and resilience of the national payment system."

ChainCatcher news, according to CryptoSlate, the Missouri Senate introduced Bill SB 194 on December 1, proposing to prohibit central bank digital currency (CBDC) as legal tender in the state. The bill aims to prevent public entities from accepting or using CBDC and amends the definition of "currency" in the Uniform Commercial Code to exclude these digital currencies.Initiated by Senator Brattin, SB 194 outlines several provisions affecting Missouri's financial policy, including a requirement that the state's treasurer hold gold and silver reserves amounting to at least 1% of the state's funds. Additionally, the bill reduces the tax liability on gold and silver, as it "exempts from state income tax the portion of capital gains derived from the sale or exchange of gold and silver that is included in the taxpayer's federal adjusted gross income." Besides focusing on precious metals, the bill explicitly prohibits public entities from participating in any CBDC-related testing or pilot projects conducted by the Federal Reserve or other federal agencies. This stance reflects growing concerns among some state legislators about the impact of CBDC on financial privacy, monetary policy, and state sovereignty.

ChainCatcher news, according to DL News, the interest of central banks in using central bank digital currencies to enhance cross-border payments is waning. According to the OMFIF 2024 Payments Future Survey, instant payment systems are becoming the preferred solution. Currently, only 13% of respondents believe that CBDC networks are the most promising approach, a significant drop from 31% last year.

ChainCatcher news, on Thursday, the U.S. financial markets were closed for Thanksgiving, resulting in light trading and weak liquidity. Bitcoin experienced a strong rebound yesterday after some investors took profits, briefly rising to $97,200, and currently trading at $96,382, maintaining a steady defense of the $95,000 level, with a slight increase of 0.68% in the past 24 hours.Ethereum has shown strong performance recently, with the price breaking above $3,684 yesterday, reaching a new high in over five months, which boosted the prices of ecosystem tokens. The L2 and DeFi sectors performed well, and the market may officially welcome altcoin season. Currently, after a peak and pullback, Ethereum continues to oscillate in the $3,500 to $3,600 range, reporting $3,564 before the deadline, down 1.6% in 24 hours.In the forex market, the U.S. dollar index rebounded to 106.21 on Thursday after falling to a two-week low in the previous trading session. The euro fell against the dollar as traders reduced bets on further interest rate cuts by the European Central Bank, while the overall forex market was subdued due to the U.S. holiday. Gold prices rose, driven by geopolitical uncertainty and trade concerns, boosting safe-haven demand. Oil prices climbed on Thursday, supported by the situation between Israel and Lebanon and the delay of the OPEC+ meeting, with U.S. and Brent crude prices rising over 0.8% during trading.Due to the impact of the Thanksgiving holiday, the market trading atmosphere has become subdued, significantly reducing the likelihood of various asset prices breaking through existing range-bound movements. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launching a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential safe-haven option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.