ChainCatcher news, Crypto.com announced that Matt David has been promoted to President and Chief Corporate Affairs Officer for North America. David will serve in this role alongside former North America President Jim Grabow, who will continue as a board member and senior advisor until his retirement at the end of this year.It is reported that David has been part of the Crypto.com executive team since 2021, serving as Chief Communications Officer. David will continue to oversee global communications and government affairs while also taking on the responsibilities of Chief Corporate Affairs Officer, in addition to managing the role of President for the North America region.

ChainCatcher news, according to industry officials, the cryptocurrency industry is pushing Trump's team to issue an executive order on his first day in office next month to initiate the promised cryptocurrency policy reforms, helping to drive the mainstream adoption of tokens. During his campaign, Trump promised to become the "cryptocurrency president," and the industry hopes he will fulfill this promise by creating a Bitcoin inventory through an executive order, ensuring that the industry can access banking services, and establishing a cryptocurrency committee. (Jin Ten)

ChainCatcher news, according to Jinshi reports, Morgan Stanley's Chief Investment Officer and Chief U.S. Equity Strategist Mike Wilson has shared his latest views. He pointed out that the breadth of the U.S. stock market in December hit a historic low, coinciding with the 10-year Treasury yield breaking the 4.5% threshold, indicating that the Federal Reserve may not be able to provide the easing policies that the market expects.Wilson analyzed that the current disconnection between market breadth and prices is similar to that of 1999, primarily due to ample liquidity. As the scale of reverse repos (RRP) shrinks from its peak of $2.5 trillion, and with the Federal Reserve potentially making slight rate cuts, liquidity may tighten in early 2024. He advised investors to continue focusing on high-quality stocks, as unprofitable growth stocks and low-quality cyclical stocks may face significant impacts.Wilson stated that due to the lack of mean reversion in recent years, investors are more inclined to track price trends, leading to extreme concentration in the market, and the "quality" factor has become a widely used stock selection criterion.

ChainCatcher news, according to CCTV News, U.S. President-elect Trump has announced the nomination of Sriram Krishnan as the next Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy. In a statement, Trump said that Sriram Krishnan will work closely with David Sacks to focus on ensuring the United States' continued leadership in the field of artificial intelligence.Previously reported in November, a16z General Partner Sriram Krishnan announced he would be leaving at the end of the year.

ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty posted on social platform X, calling on the U.S. Congress to establish a regulatory framework for cryptocurrencies that supports innovation. He emphasized that regulation should focus on behavior rather than the technology itself, and suggested adopting a framework familiar to regulators and judges, avoiding the incorporation of abstract policy principles from previous administrations into law without thorough research.SEC Commissioner Mark Uyeda recently also publicly criticized the SEC's tough enforcement stance, arguing that it is inappropriate to take enforcement action solely for being unregistered. The industry anticipates that the Trump administration may appoint cryptocurrency supporter Paul Atkins to a regulatory position, signaling a more friendly regulatory environment.

ChainCatcher news, the Bitcoin office of El Salvador announced on the X platform that it has transferred BTC worth 1 million dollars into El Salvador's strategic Bitcoin reserve.Previous news, at 8:07 AM Beijing time this morning, the El Salvador wallet address purchased 11 bitcoins worth 1.07 million dollars.

ChainCatcher news, according to Cryptonews, South Korean Deputy Prime Minister Choi Sang-mok claimed that the government does not hold a negative attitude towards cryptocurrency-related matters.Choi Sang-mok stated: "Since the specific details of the strategic cryptocurrency asset proposal by the incoming President Trump have not yet been announced, now is not the time for evaluation. We plan to prepare responses and other measures after the new U.S. government takes office. We will take action after these and other new proposals related to cryptocurrency assets are specified. The government does not hold a negative attitude towards cryptocurrency assets. As regulations and related systems are still in their infancy, we have decided to postpone the introduction of cryptocurrency taxes. We believe that monitoring the progress of regulations should come before introducing taxation."Choi Sang-mok further claimed that the South Korean central bank, financial regulatory agencies, and "other relevant departments" are currently "formulating new regulatory policies" for the cryptocurrency sector. These concerns "not only focus on customer protection" but also on the "legal nature" of cryptocurrency.

ChainCatcher news, Nexon's Web3 subsidiary Nexpace plans to establish an independent office in Abu Dhabi next year and significantly expand its development team. Nexpace has already begun personnel transfers this year, and as of this month, about 10 employees are working in Abu Dhabi.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan recently stated that the U.S. Bitcoin strategic reserve plan could push BTC up to $500,000."If this happens, or if we start to see this happening in other countries, then you will see BTC rise significantly, making the performance in 2024 seem quite modest by comparison."

ChainCatcher news, according to Bitcoin.com, payment company Strike CEO Jack Mallers stated on the Timcast show that Trump may establish a U.S. strategic Bitcoin reserve through an executive order on his first day in office. Mallers mentioned that based on the broad powers granted to the president by the "Dollar Stability Act" to protect the dollar, the Trump team is considering establishing a reserve that is "significant but not reaching 1 million Bitcoins."Previously, U.S. Senator Cynthia Lummis proposed the "2024 Bitcoin Act," which suggests that the Federal Reserve and the Treasury purchase 200,000 Bitcoins annually over five years, accumulating a total of 1 million Bitcoins, which would account for about 5% of the global Bitcoin supply. Trump himself indicated to CNBC last week while ringing the bell at the New York Stock Exchange that "we will do some great things in the cryptocurrency space," and he is positive about establishing a Bitcoin reserve plan similar to the strategic petroleum reserve.

ChainCatcher news, previously, cryptocurrency supporter and U.S. Representative from Arkansas, French Hill, defeated three other competitors to win the position of Chairman of the Financial Services Committee.Hill currently serves as the Vice Chairman of the committee and heads the subcommittee on Digital Assets, Financial Technology, and Inclusion. He emphasized that he is very grateful for the opportunity to serve as the chairman of the committee.Outgoing Chairman Patrick McHenry praised Hill's leadership skills, particularly his expertise in financial technology and innovation. McHenry stated, "French's experience in the private sector, the Treasury Department, and as Vice Chairman has prepared him well for this role." He emphasized, "Under French Hill's leadership, the Republicans will ultimately establish a clear regulatory framework and strong consumer protections for the digital asset ecosystem based on this Congress." McHenry also highlighted Hill's contributions to advancing key legislation, including the Financial Innovation and Technology for the 21st Century Act (FIT21). Hill's appointment has garnered support from leaders in the cryptocurrency industry and lawmakers. Former Acting Comptroller of the Currency and former Chief Legal Officer of cryptocurrency exchange Coinbase, Brian Brooks, praised Hill's "intellect, growth mindset, and innovative outlook."

ChainCatcher news, regarding BiT Global suing Coinbase for $1 billion, accusing it of market manipulation by delisting WBTC. Coinbase's Chief Legal Officer posted on X: "When an asset no longer meets our listing standards, we will drop it. When another asset can meet or exceed market demands without sacrificing those standards, we will list it."

ChainCatcher news, Fireblocks has established a regional office in Tokyo, Japan, strengthening its influence in the Asia-Pacific region. Fireblocks expects the cryptocurrency market in Japan to grow by 54% from 2024 to 2032.Fireblocks will enhance its influence in Japan by hiring a sales, professional services, and product team dedicated to providing "solutions for Japanese enterprises." The company has established a local team and plans to hire more employees by 2025.

ChainCatcher news, the tokenization platform Securitize has appointed former Grayscale Investments CEO Michael Sonnenshein as its new Chief Operating Officer (COO), effective December 9.Sonnenshein played a significant role in the U.S. Securities and Exchange Commission's approval of the launch of the U.S. spot Bitcoin ETF.

ChainCatcher news, former JPMorgan Chief Equity Strategist and Fundstrat Capital Chief Investment Officer Tom Lee stated that he agrees that a wave of regulatory reform is indeed coming as he discussed the expected changes following Trump's presidency, emphasizing that Bitcoin is the most obvious indicator of future change.He said, "Perhaps the best way to measure this is through Bitcoin's performance, as Bitcoin has faced significant regulatory burdens over the past few years, and now the White House is embracing digital assets. The new U.S. SEC Chair, FTC Chair, and new Secretary of Commerce, I believe these are actually seen as favorable for businesses. But I think a good alternative approach is to focus on Bitcoin."Lee also mentioned the "reasonable target for BTC in 2025": "We believe it will follow a similar halving cycle that we have seen in the past, which means the BTC price will be around $250,000 in 2025."

ChainCatcher news, according to Jin10 reports, the South Korean police, public prosecution office, and the Ministry of National Defense have jointly established an emergency martial law joint investigation headquarters.

ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty stated that he agrees that SEC Commissioner Caroline Crenshaw is more challenging in the crypto space than SEC Chairman Gensler. This is because even after a court ruling deemed the blocking of a Bitcoin spot ETF as "arbitrary and capricious," Gensler backed down, while Caroline Crenshaw insisted on dissenting, believing the court's ruling was incorrect.Previously, it was reported that crypto skeptic Caroline Crenshaw is seeking reappointment as an SEC commissioner, and there are concerns within the industry about her chances of reappointment.

ChainCatcher news, according to Decrypt, the Aptos Foundation has announced the opening of a new office in Abu Dhabi's leading international financial center, ADGM, to expand its global business. The Abu Dhabi office will serve as the hub for the Aptos Foundation's activities in the region, focusing on building partnerships and supporting projects aimed at developing the Aptos ecosystem.

ChainCatcher news, economist and gold advocate Peter Schiff posted on the X platform that one good thing Biden could do before leaving office as President of the United States is to sell all the Bitcoin currently held by the U.S. government. The funds raised could not only reduce the budget deficit for 2024 but also put an end to all the nonsense about "strategic Bitcoin reserves." He added, "Biden could sell everything before Trump takes office, so Trump wouldn't have to go back on his campaign promises."

ChainCatcher message, the U.S. government's Efficiency Department (DOGE) posted on X stating: "The federal government spends 80% of its $100 billion IT budget each year on maintaining outdated systems. Old systems not only have higher maintenance costs but are also more vulnerable to hacking."