Crypto Fight

🧠 Putin's Vision: The Rise of Strong AI 🌍 Russian President Vladimir Putin has emphasized the potential emergence of "strong AI" that could surpass human capabilities. Speaking at the AI Journey International Conference, he noted that recent advancements in AI reasoning abilities could lead to significant breakthroughs. 🗣 Putin stated,

More and more experts and scientists say that the development of the ability to reason will lead to the emergence of strong artificial intelligence. That is, such technologies that will outperform humans in key activities.

He highlighted that traits traditionally associated with humans, such as thinking, speech, memory, and understanding, are increasingly being matched or exceeded by AI systems. ⚖️ While there are various predictions regarding the rise of sentient artificial general intelligence (AGI) and the singularity, there are no guarantees due to potential energy and technological limitations. Nevertheless, the AI sector remains a top priority for Putin. 🎯 He acknowledged its importance for achieving national development goals, enhancing defense capabilities, improving the economy and social sectors, public administration, and fostering innovation. Putin stressed the necessity for Russia to become a global leader in AI technology development and its integration into all aspects of life. 🚀 He concluded,

Of course, we must lead the way,

emphasizing that the administration should pioneer this new frontier with innovative examples and applications of AI.

🚀 Next AI Agent in the game? All eyes on De.FI this week All buzz started on December 9 with updates on their official website and Twitter. The signes point to a huge release, and the roadmap confirms it — DeFi AI Agent is coming! Here are some facts about the project: 🌟 De.Fi is supported by prominent investors including Angels from Binance, Coinbase, and OKX VC, as well as ConsenSys (MetaMask) and 21Shares (the first BTC ETF issuer). 🎤 Hosted biggest side event at DevCon conference in November - "De.Fi World 2024". With speakers from over 70 tier-1 projects were present, showcasing De.Fi's influence in the crypto stage. 🌐 The hottest domain in the crypto space - De.Fi 🗣 De.Fi has received endorsements from founders and directors of major projects like Binance, Polygon, MatterLabs (zkSync), and Fantom. This demonstrates its credibility and influence within the crypto community. discourse. 🔔The main announcement is set for December 13, let's see what they prepared for us👀

📈 Tether's USDT: A Key Player in Cryptocurrency Adoption 🌍 The latest report from Tether highlights the crucial role of its stablecoin, USDT, in bridging traditional fiat currencies and digital assets. As of the beginning of Q4 2024, 109 million on-chain wallets hold USDT, making it one of the most widely held digital assets. This figure is more than twice the number of Bitcoin holders and nearly matches the 128 million wallets holding Ethereum. 💼 Additionally, 86 million accounts on centralized systems have made on-chain USDT deposits. Centralized exchanges received 4.5 billion web views in the first three quarters of 2024, underscoring their significance in the crypto ecosystem. Notably, emerging markets contributed to 46% of these visits, with many users purchasing, holding, and sending USDT exclusively on these platforms. 📊 Tether's previous insights report indicated that by the end of Q3 2024, USDT had been received by 330 million on-chain wallets and accounts. This number does not include millions of users holding USDT on centralized exchanges (CEXs). USDT remains the market leader with four times as many wallets as all other stablecoins combined. As of November 1, there were 54 million on-chain wallets holding more than one cent of USDT, outnumbering the 13.8 million wallets containing all other stablecoins by a ratio of 4:1. 📈 Philip Gradwell, Head of Economics at Tether, noted on X that ^^USDT $0.01+ wallet numbers grew 71% in the last 12 months and 129% in the previous 12 months. Wallets of stablecoins other than USDC grew just 3% in the last 12 months.^^ He added that while USDC primarily grew on Solana and Base, USDT still represents 30% of stablecoin wallets on Solana. 🌐 Tether reaffirmed its commitment to “provide technology that empowers people around the world to live in a self-sustainable and independent way.”

🚨 Breaking: 📢 MicroStrategy Buys Another 21,550 BTC For $2.1 Billion ⚡️ MicroStrategy has added to its Bitcoin holdings for the fifth consecutive week, buying 21,550 BTC for $2.1 billion. 👉 Read more

🚀 Discovering $DEFI: The Only AI Agent Token Backed by $BTC ETF with Potential for Massive Upside 💎 Recently, I stumbled upon $DEFI, an intriguing AI Agent token that stands out in the crowded market. What caught my attention is its unique backing by 21Shares, the first $BTC ETF eminent, which positions it for a potential x100 upside. 🔍 While exploring various threads in search of a promising investment, I came across @DeFi. The handle itself is a clear indication of its focus. The exciting part? They seem to be gearing up to launch their own AI Agent. A tweet announcing this is expected to be pinned on Monday, the 9th. 📈 Given that this AI Agent is supported by a fund associated with the BTC ETF, I believe it presents a great opportunity for early investment before the major announcement. The recent performance of other AI Agent tokens further supports this narrative, highlighting that this is currently one of the biggest trends in the web3 space.

➡️ UK Bans Access to Pumpdotfun for Residents 🚫 The Financial Conduct Authority (FCA) of the United Kingdom issued a warning on December 3 regarding the Solana-based meme coin launchpad Pumpfun, stating it was operating without proper authorization. Following this warning, access to Pumpfun has been restricted for users in the UK. ⚠️ In its statement, the FCA cautioned that the platform

may be providing or promoting financial services or products without our permission

and advised users to avoid dealing with this firm due to potential scams. The regulator expressed concerns that Pumpfun may be targeting people in the UK despite lacking authorization to conduct business there. 🔒 The platform, which enables users to create and trade Solana tokens without coding skills, confirmed that UK-based users can no longer access its services. Those attempting to visit the site from the UK are greeted with a warning about restricted access, stating,

Restricted jurisdiction. Our systems have identified that you are in the United Kingdom

and providing a link for users to withdraw any deposited coins. ⚡️ As of now, Pumpfun has not publicly addressed the FCA's warning on its official X account or Telegram channel. Under UK regulations, companies offering cryptocurrency-related services must register with the FCA if they are subject to the country’s money laundering laws. The FCA warns that customers using unauthorized firms like Pumpfun risk losing their funds with little to no recourse and lack financial protections for recovering their money. 📉 Since its launch in January, Pumpfun has faced several controversies. In May, it introduced a livestreaming feature for meme coin creators after a user set themselves on fire during a promotion. This feature led to further outrage due to disturbing stunts, including threats to animals and a staged suicide. In October, the platform faced severe backlash when child sexual abuse material was found on its site, revealing flaws in its moderation system. Following these incidents, Pumpfun removed the livestreaming feature entirely. 📊 Despite these controversies, Pumpfun accounted for 62% of all Solana transactions in November, according to Dune Analytics. However, the platform’s ethical and legal issues raise questions about its long-term viability. Pumpfun is registered in the UK under Baton Corporation Ltd., with employees reportedly working in London during a high-profile internal scandal.

🔒 Vitalik Buterin Advocates for Enhanced Wallet Privacy and Security 📝 In a recent 4,000-word blog post, Ethereum's creator, Vitalik Buterin, emphasized the critical role of wallets as the interface between users and the Ethereum blockchain. He urged developers to prioritize privacy and security in wallet technology.

“A user only benefits from any decentralization, censorship resistance, security, privacy, or other properties that Ethereum and its applications offer to the extent that the wallet itself also has these properties,”

Buterin stated. 🔧 Buterin proposed various enhancements, including privacy improvements through the Waku secure communication protocol and account security advancements utilizing ZK-SNARK technology to reduce hacks in products like zkemail and Myna Wallet. He explained that these products use ZK-wrapped centralized IDs to convert traditional IDs into Ethereum addresses for transactions, with ZK-SNARK technology proving ID ownership. 📋 He clarified that his suggestions are feasible with existing infrastructure and are not exhaustive.

The goal of this post is to give my own views of some of the properties that an ideal Ethereum wallet would have,”

he wrote. 🤝 Coinbase CEO Brian Armstrong expressed interest in Buterin's ideas on X, particularly social recovery for private key management. He noted,

I agree, social recovery is a good idea, surprised we haven’t made more progress on it,”

referring to using trusted guardians for better management. 🔄 Similarly, Uniswap announced plans to implement some of Buterin's suggestions. Beyond immediate improvements, Buterin also predicted future innovations involving artificial intelligence, brain-computer interfaces, and active defense systems against attacks. However, he cautioned against relying on these immature technologies for asset security today.

🚀 Waterfall Network is spotted by Cointelegraph! The renowned crypto media has highlighted the project as 'a next-gen DAG (Directed Acyclic Graph) technology, delivering unmatched scalability and portability for DApps with minimal requirements. After outperforming giants like Solana and Aptos, @waterfall_network is now celebrated as the most scalable EVM-based smart contract platform. The crypto world is taking notice—are you? 🌊 What Makes @waterfall_network a Game-Changer? 🔹 Highly Scalable: Built to support diverse applications and use cases. 🔹 Unparalleled Decentralization: A unique consensus mechanism enabling millions of validators. 🔹 Broad Accessibility: Operates on low-cost hardware, making it inclusive for all. 🔹 Cost-Efficiency: Ultra-low transaction fees for an enhanced user experience. 📌 Read more on Cointelegraph: https://cointelegraph.com/news/how-this-smart-contract-platform-can-potentially-deliver-unlimited-scalability 💧 How to Get $WATER: - on Gate.io - on MEXC For more updates, check out Waterfall Network: Website | Discord | Twitter | Telegram

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🎄 Moonlit Christmas — End 2024 On The Moon with SEED! 🌙 🎅 Chill vibes, big rewards, no more star store. This final event is all about thanks and giving for all Seedizens who’ve been with us through this incredible journey. From tomorrow until the mining phase ends, just chill and enjoy: ⚡️ x2 Mining Speed 🦜 x2 Hunting Rewards 🎯 x2 Mission Earnings 🎁 Random SEED drop in Happy Hour We know you’re counting the seconds, dreaming of big airdrop. What can we say? It’s your final chance to boost your SEED balance. 🎶 No stress, no rush, be a chill Seedizen and let’s end this year on the brightest note together! 🚀 I'm just a chill Seedizen 🤟

🚨 Breaking: MicroStrategy Acquires Another 15,400 BTC For $1.5 Billion 🚀 Software company MicroStrategy announced another Bitcoin purchase, making it the third consecutive week that it has purchased the flagship crypto. 👉 Read more

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➡️ Secret Talks: Trump and Dimon’s Influence on U.S. Policies 🗣 Speculation is rife regarding U.S. President-elect Donald Trump and JPMorgan Chase CEO Jamie Dimon potentially engaging in confidential discussions about White House policies. Reports suggest that Trump has been seeking Dimon’s insights for months to shape his agenda for a second term. 📝 According to Fox Business, Dimon has provided informal advice on various issues including tax reform, trade policies, and federal spending. Sources close to Trump describe Dimon as a “sounding board” for policy concepts. However, neither Trump’s representatives nor JPMorgan have publicly commented on this. 🔍 There were previous rumors about Dimon being a contender for Treasury secretary, but Trump recently nominated Scott Bessent for the role, leaving Dimon without a formal position in the incoming administration. Ripple CEO Brad Garlinghouse stated that Bessent is “the perfect pick” and will be “the most pro-innovation, pro-crypto” Treasury Secretary we’ve ever seen. 👍 Dimon has acknowledged some of Trump’s policies as effective, particularly in economic growth and trade reforms, while condemning events like the Capitol attack. Despite past criticisms, Trump appreciates Dimon’s recognition of these achievements. Trump has publicly stated that Dimon will not join his administration. At the recent APEC CEO Summit, Dimon wished the president-elect well and remarked:

I haven’t had a boss in 25 years and I’m not about ready to start.

⚖️ The two leaders differ in their views on various issues, especially cryptocurrency. Trump has adopted a more pro-crypto stance, advocating for U.S. leadership in the digital currency space and proposing a national bitcoin reserve. In contrast, Dimon remains a skeptic, often calling bitcoin a “fraud” and arguing it lacks intrinsic value. Despite his personal beliefs, JPMorgan has cautiously explored blockchain technology.

🚀 Ethereum Surges as Bitcoin Gains Steady Ground 📈 On Wednesday, ether (ETH) outperformed bitcoin (BTC) with a remarkable 10.66% increase in just 24 hours, while bitcoin saw a 4.4% rise. This surge propelled ether to over 13% of the $3.33 trillion total cryptocurrency market cap. Despite BTC's year-to-date dominance, outpacing ETH nearly threefold, ethereum often shines when bitcoin's momentum slows. ⚡️ On November 27, ether recorded a staggering $47.87 billion in trade volume, led by major exchanges like Binance, Digifinex, and Bybit. Tether (USDT) was the most traded pair with ETH, followed by the U.S. dollar and other currencies. In the derivatives market, ether experienced $56.5 million in liquidations, primarily from ETH short positions. 📊 Trading at $3,647, ether still has a 24.8% climb to reach its all-time high of $4.8K set in 2021. This upward trend has fueled optimism among traders.

Ethereum weekly SuperTrend triggers buy signal

said Tony “The Bull” Severino. He noted that ether rallied 120% after a similar buy signal in 2023, suggesting that

Another 120% from today’s signal would be $7,500 per [ethereum]

🌟 Ethereum's recent performance indicates a potential shift in the crypto landscape as traders increasingly focus on altcoins. The Altcoin Season Index (ASI) from blockchaincenter currently stands at 65 out of 100, nearing the 75 threshold for declaring an "altcoin season." While ether still has distance to cover to reach its peak, this momentum could reignite interest in altcoins.

⚡️ Bitcoin Whale Accumulation Signals BTC Price Hitting $100K Today 🚀 Bitcoin whales buy the dips to $95,788 leading to a surge as BTC price chart hints that a new all-time high of $100,000 is coming today. 👉 Read more

🚀 Cantor Fitzgerald's Bold Move: Bitcoin-Backed Lending Program 💰 Cantor Fitzgerald, a major player on Wall Street, is set to launch a multibillion-dollar lending program that will use bitcoin as collateral. This move could significantly change the landscape of crypto-backed financing and strengthen its relationship with Tether Holdings, the issuer of the USDT stablecoin. ➡️ According to Bloomberg, Howard Lutnick, chairman and CEO of Cantor Fitzgerald, is looking to partner with Tether for this ambitious initiative. Clients will be able to borrow dollars by leveraging their bitcoin holdings. The program will start with $2 billion in initial funding, with expectations to grow into the tens of billions. Tether already works with Cantor Fitzgerald through its custody services and Cantor has also acquired a 5% stake in Tether worth about $600 million. 📈 This announcement follows Cantor Fitzgerald's plans revealed in July to establish a “bitcoin financing business” aimed at providing leverage to bitcoin investors. Lutnick stated,

“Cantor Fitzgerald arranges and finances vast amounts of securities and commodities and, as strong supporters of bitcoin, will now build an incredible platform to support bitcoin investors’ financing needs,”

emphasizing their commitment to unlocking bitcoin’s full potential. 🌍 In a related political context, Donald Trump has nominated Lutnick as Secretary of Commerce. A well-known figure on Wall Street and co-chair of Trump's transition team, Lutnick advocates for cryptocurrency and has likened bitcoin to gold. He supports treating it as a freely traded commodity, which could influence regulatory frameworks if he assumes office. 📊 Meanwhile, Trump's administration is considering establishing a dedicated position for cryptocurrency policy and has proposed creating a strategic national bitcoin reserve to manage the national debt. These initiatives reflect a shift towards supporting digital assets and positioning the U.S. as a leader in the cryptocurrency sector.

🚨 Potential Surge in Illegal Bitcoin Mining in Russia Amidst Upcoming Bans ⚠️ The Russian government may soon face a surge in illegal bitcoin mining activities due to rising bitcoin prices and an impending ban on mining in key regions. Analysts warn that if authorities do not address this issue, illegal mining could become widespread. 🔄 The recent enactment of a bitcoin mining framework has given the government the power to restrict mining activities in certain areas. A seasonal ban on crypto mining has been confirmed for regions such as Irkutsk, Buryatia, Transbaikal, Karachay-Circassia, Kabardino-Balkaria, Donetsk, and Lugansk. This ban, coupled with the recent increase in bitcoin prices, could lead to a rise in illicit mining activities and disrupt the energy supply in these areas. 📉 Experts predict that many mining companies may continue their operations during the ban periods, undermining the ban's effectiveness. Yury Stankevich, deputy chairman of the State Duma’s energy committee, acknowledged this possibility, stating,

as long as mining remains profitable for most participants.

He also reminded that bitcoin reached an all-time high of $90,000 in November. 🔍 Sergey Sasim, director of an energy think tank, agreed with Stankevich, warning that if regions cannot enforce the ban, it could lead to the emergence of a gray mining industry, similar to situations in other countries with similar restrictions. 🌍 President Putin has acknowledged Russia's position as a leader in cryptocurrency mining due to the energy surplus in the Siberia region. However, he emphasized that while mining is important, the strategic use of Russian energy for other essential activities is perhaps more important. ⚡️ These restrictions, approved by Russia’s governmental commission on electricity development, will take effect on December 1 and will limit mining in the specified regions from November 15 to March 15 annually until at least 2031.

⚡️ Justice Catches Up: The Fall of a Ransomware Kingpin 👤 Evgenii Ptitsyn, a 42-year-old Russian national, has been extradited from South Korea to the U.S. to face charges related to the Phobos ransomware case, as announced by the U.S. Department of Justice (DOJ). He is accused of orchestrating the operation, sale, and distribution of the Phobos malware, which has extorted over $16 million from more than 1,000 victims worldwide, including schools, healthcare facilities, and government agencies. 💰 The Phobos ransomware operates under a ransomware-as-a-service (RaaS) model, allowing affiliates to carry out attacks across various sectors. It typically gains access through phishing emails or by exploiting unsecured Remote Desktop Protocol (RDP) ports. Once inside a network, Phobos encrypts files and demands ransom payments, often amounting to several million dollars. The DOJ noted that

each deployment of Phobos ransomware was assigned a unique alphanumeric string in order to match it to the corresponding decryption key,

and that fees were funneled into a wallet under Ptitsyn’s control. ⚖️ Ptitsyn faces a 13-count indictment including charges of wire fraud conspiracy, wire fraud, conspiracy to commit computer fraud and abuse, and extortion. If convicted, he could face significant prison time: up to 20 years for each wire fraud count and 10 years for each computer hacking count.

🚨 Breaking: MicroStrategy Acquires 51,780 BTC For $4.6 Billion 🚀 MicroStrategy has announced another Bitcoin purchase, just a week after they bought 27,200 BTC. 👉 Read more

🚀 Trump Nominates Jay Clayton for U.S. Attorney Role 🌟 U.S. President-elect Donald Trump has nominated former SEC Chair Jay Clayton to be the U.S. Attorney for the Southern District of New York. Trump announced this on his social media platform, Truth Social, highlighting Clayton's previous tenure at the SEC and his qualifications. ⚡️ Trump described Clayton as a "highly respected business leader, counsel, and public servant," noting his educational background which includes degrees from the University of Pennsylvania and University of Cambridge. Before leading the SEC, Clayton was a partner at Sullivan & Cromwell and is currently a senior policy advisor there. ⚖️ Clayton served as the SEC Chair from May 2017 to December 2020, during which he oversaw over 2,800 enforcement actions resulting in more than $15 billion in financial remedies. His leadership style was marked by a focus on providing clear regulatory guidance, especially in emerging markets like cryptocurrency. This approach contrasts with his successor Gary Gensler's more aggressive regulation-by-enforcement strategy. 💬 Trump praised Clayton's commitment to truth and justice, stating,

Jay is going to be a strong fighter for the truth as we, Make America Great Again.

Clayton's tenure at the SEC included significant actions such as the ongoing lawsuit against Ripple Labs over XRP, a case that remains unresolved. 🔍 As Clayton steps into this new role, his regulatory legacy and approach to enforcement will be closely watched, particularly in relation to the cryptocurrency sector.