ChainCatcher news, Hong Kong listed company Jingji Financial International announced the exploration of new business and investment opportunities to generate positive returns. An investment committee will be established effective December 15 to invest in cryptocurrencies. This committee will be responsible for reviewing appropriate transactions, investment strategies involving virtual assets (crypto assets), and the management of such assets, and will provide recommendations to the board of directors.Jingji Financial International stated that incorporating cryptocurrency investments into the group's asset allocation and green energy-oriented investment strategy in green energy and artificial intelligence will enhance the overall financial condition of the group.

ChainCatcher news, Alipay officially refuted on X that "Alipay supports the purchase of cryptocurrencies" is false information.Previous news, according to community users, some users in mainland China recently received promotional ads for cryptocurrency funds on the Alipay homepage, stating "Global investment, cryptocurrency soaring, start investing from 10 yuan, get on board now." After verification, the fund is Huabao Overseas Technology C (QDII-FOF-LOF), which is a compliant investment model for overseas assets, indirectly holding Coinbase stocks and ARK Invest Bitcoin spot ETF. Currently, each person is limited to purchasing 1,000 yuan per day.

ChainCatcher news, according to Reuters, Italy's ruling party stated on Tuesday that after criticism from affected industries and internal debates within the Minister of Economy's party, Italy will scale back its plans to increase capital gains tax on cryptocurrencies. Giulio Centemero, a member of the ruling League party, and Deputy Minister of Finance Federico Freni said in a statement: "During the parliamentary work, the tax increase will be significantly reduced."Previously, according to the country's 2025 budget, which is set to be approved by parliament by the end of December, the Ministry of Finance intended to raise the capital gains tax rate on cryptocurrencies like Bitcoin from 26% to 42%. However, the League party stated that this move could promote the development of the shadow economy. On Tuesday, Centemero and Freni said: "Do not hold biases against cryptocurrencies anymore." Political sources indicated that the government may even decide to maintain the tax rate at 26%.

ChainCatcher message, CoinGecko data shows that the total market capitalization of cryptocurrencies has fallen below $3.7 trillion, currently reported at $3.658 trillion, with a 24H decline of 5.9%.

ChainCatcher news, according to Bloomberg, due to Donald Trump's choice of a cryptocurrency-friendly financier as the head of the U.S. top financial regulatory agency, the rise of cryptocurrencies has made a few companies that mimic MicroStrategy's convertible bond sale strategy winners. These companies have followed MicroStrategy Inc.'s strategy of raising funds through the sale of convertible bonds to purchase Bitcoin.Investors have flocked to companies connected to the industry, opening the floodgates for financing. The $6.2 billion convertible bonds issued by MicroStrategy this year are just the beginning, as part of its latest plan to raise $21 billion through fixed-income issuance. Other companies have also followed this trend, with MARA Holdings Inc. selling over $2 billion in assets (also to purchase Bitcoin), while Core Scientific Inc. has raised over $1 billion so far this year.

ChainCatcher message, Greeks.live researcher Adam posted on social media that the crypto market is booming, with ETF inflows maintaining their trend, and both BTC breaking the $100,000 and ETH breaking the $4,000 integer levels. This week, there are important data releases for CPI and the European Central Bank's interest rates, but recently cryptocurrencies have been moving independently, with limited impact from the macro market. The flow of funds into ETFs and crypto-related US stocks is worth paying close attention to.Bitcoin has successfully broken through $100,000, with altcoins experiencing a comprehensive rotation and multiple mainstream coins seeing several-fold increases. Market capital inflow is strong, and bulls are very aggressive in this spot bull market.The options market is relatively stable, and large trades and market interest rates are worth monitoring. Currently, the implied volatility (IV) for major expirations is at a relatively low level, and short-term IV has significantly declined. With the bull market in full swing, it is a good opportunity to buy options.In terms of the crypto interest rate market, Bitfinex's interest rate market has been relatively stable recently, and suitable interest rate orders can be actively executed, especially during market movements, which is particularly worth paying attention to.

ChainCatcher news, according to The Block, executives from 21Shares, Coinbase, and SkyBridge Capital discussed the topic of cryptocurrency entering the mainstream this year at the Emergence conference on Friday.Hany Rashwan, co-founder and CEO of 21Shares, stated on Friday: "We haven't seen such a turning point in the global order for a long time. The status of the dollar as a reserve currency is under threat. We have seen this from euro bonds and the oil crisis, and we have weathered these challenges. Therefore, we may be entering a period of 5 to 20 years during which many will make significant moves, and we will wait to see how it turns out."Daniel Seifert, Vice President and Regional Managing Director for Europe, the Middle East, and Africa at Coinbase, said: "A large number of well-known companies and institutional participants from the United States have poured all their efforts into this project and activated the distribution network here." SkyBridge Capital's Head of Research, John Svolos, noted that the rising adoption rate of stablecoins has also driven overall demand for cryptocurrencies.

ChainCatcher message, Bank of America strategist Michael Hartnett stated that the strong rebound in U.S. stocks and cryptocurrencies makes these asset classes appear to be in a bubble.According to data compiled by institutions, the price-to-book ratio of the S&P 500 index soared to 5.3 times in 2024, close to the peak of 5.5 times reached during the tech bubble in March 2000. Hartnett noted that if the S&P 500 index approaches 6666 points, which is about 10% higher than current levels, the risk of "overshooting" in early 2025 is very high. The bank's bull-bear indicator has yet to show signs of prosperity among global investors.

ChainCatcher message, the Financial Times of the UK publicly apologized to its readers for its negative coverage of cryptocurrencies over the past 14 years. The media stated in a declaration: "As Bitcoin's price recently surpassed $100,000, a considerable number of commentators believe we should apologize for our long-standing cynical attitude towards our readers.Therefore, we sincerely apologize for the past 14 years during which you may have decided not to purchase those items that later increased in price based on our reporting. The price increase is certainly delightful. At the same time, if you misunderstood our cynical attitude towards cryptocurrencies as support for traditional finance, we deeply apologize, as we also despise such behavior."

ChainCatcher news, according to Reuters, Mizuho Securities' Chief Japan Strategist Shoki Omori stated: "If Bitcoin is to rise further, other major cryptocurrencies should catch up first, such as Ethereum. Compared to Bitcoin, Ethereum looks cheap. Ripple had once surged, but we are seeing profit-taking again at the price of $2.80.Altcoins appear to be highly volatile. The cryptocurrency community is looking for positive news to drive cryptocurrency prices up across the board. As the market has already digested much of the news related to Trump, the positive factors from Trump trades are beginning to weaken."Shoki Omori added: "After the news of Atkins being nominated as SEC chairman, retail investors must be very excited to see Bitcoin's price break $100,000. The market knows that Gensler will be leaving, and someone with a less stringent attitude towards cryptocurrency regulation will take over. Of course, this does not mean that Bitcoin will rise forever, as the market will have profit-taking actions."

ChainCatcher news, according to the Daily Economic News, the Jeju Special Self-Governing Province of South Korea has announced its "Jeju Artificial Intelligence and Digital Transformation Roadmap," aiming to transform the island into a cashless international city through digital innovation.The plan includes establishing a convenient digital payment system that can be compatible with payment methods from neighboring countries such as China and Japan. In addition, Jeju Island also plans to introduce a system that will convert virtual assets like Bitcoin into Jeju regional currency for local transactions.

ChainCatcher news, according to the Financial Times, the UK's National Crime Agency (NCA) has announced the successful dismantling of a large-scale cryptocurrency money laundering network spanning London, Moscow, and Dubai. The case primarily involves two companies: Smart and TGR, which acted as financial intermediaries, providing cross-border money transfer services for cash-rich criminals and sanctioned individuals worldwide through cryptocurrency.The investigation revealed that this network provided services to criminal organizations, ransomware gangs, and Russian espionage activities, including the Kinahan drug trafficking group, from the end of 2022 to the summer of 2023. Its operation involved couriers collecting cash in the UK and elsewhere, exchanging it for cryptocurrency primarily in USDT, and then laundering the money through a network of companies, providing equivalent funds in other countries.Ekaterina Zhdanova, the 38-year-old owner of Smart, a resident of Moscow, has been accused of transferring over $100 million to an unnamed sanctioned oligarch in the UAE, and is currently under U.S. sanctions and detained in France. The money laundering network collected cash at 55 different locations across England, Scotland, Wales, and the Channel Islands in just four months, serving at least 22 criminal groups.NCA's action director Rob Jones stated that this is the agency's most significant anti-money laundering operation to date. Law enforcement has arrested 84 individuals and seized a total of £20 million in cash and cryptocurrency. The U.S. Treasury has imposed economic sanctions on five individuals and several companies involved. The operation was assisted by the U.S. FBI, DEA, as well as police forces from France and Ireland.

ChainCatcher news, as the total market capitalization of cryptocurrencies surpasses $3.5 trillion, rising 45% in a single month, HSK leads the rise of mainstream platform coins in November with a 142.73% increase, reaching a peak price of $1.6, now stabilizing above $1.5.In addition, HashKey Global ranks 9th among global exchanges, with 910,000 new registered users, a daily trading volume of $250 million, a contract open interest of 25 million, and a contract trading volume of $4.66 billion.HashKey Global operates as a digital asset trading platform under the F license granted by HashKey Bermuda Limited by the Bermuda Monetary Authority, offering mainstream trading and service products such as LaunchPad, contracts, and leverage.

ChainCatcher news, according to RootData market data, as of now, there are 6 cryptocurrencies with a market capitalization exceeding 100 billion dollars.They are:Bitcoin: 189.32 billion dollars (7-day increase of 4.19%);Ethereum: 44.44 billion dollars (7-day increase of 10.77%);XRP: 14.44 billion dollars (7-day increase of 79.8%);Tether: 13.51 billion dollars (7-day increase of 0.1%);Solana: 11.31 billion dollars (7-day increase of 3.38%);BNB: 11.01 billion dollars (7-day increase of 24.55%).

ChainCatcher news, according to Bitcoin Archive, French Senator Sylvie Vermeillet has proposed to classify Bitcoin and other digital assets as non-productive property in the 2025 budget, similar to real estate and luxury assets, and to tax their unrealized capital gains.French Finance Minister Laurent Saint-Martin supports this initiative, believing that it is unfair to exempt Bitcoin from taxes while taxing physical economic assets.

ChainCatcher news, according to Yonhap News Agency, the Cheongju District Court in South Korea sentenced a public official of the Cheongju City Government to five years in prison for embezzlement.Since January 2017, over a period of seven years, he embezzled 600 million won (approximately $427,800) for investing in cryptocurrencies and stocks as well as repaying personal debts; it was reported that he forged official documents in the scheme.