Today's news tips: Pudgy Penguins: PENGU tokens will be available for redemption at 21:00 on December 17

69.3 million XRP were transferred to Binance half an hour ago, worth about $176 million OKX pre-market trading Hyperliquid (HYPE) briefly breaks through $30

Today's news tips:

Pudgy Penguins: PENGU tokens will be available for redemption at 21:00 on December 17

69.3 million XRP were transferred to Binance half an hour ago, worth about $176 million

OKX pre-market trading Hyperliquid (HYPE) briefly breaks through $30

Coinbase will launch Parcl (PRCL) trading at 1:00 am on December 18

Story Protocol has officially released the Agent TCP/IP white paper

Trump plans to use the US Treasury's $200 billion foreign exchange stabilization fund to build Bitcoin reserves

Nigeria cracks down on cryptocurrency scams, nearly 800 arrested

FTX Announcement: Court-approved Chapter 11 Reorganization Plan Will Take Effect on January 3, 2025

Regulatory News

21Shares XRP Trust is registered in Delaware, USA

According to Phoenix News, 21Shares XRP Trust has been registered in Delaware, USA, with the registered name "21Shares XRP Trust". The entity was established on June 3, 2024, is a statutory trust, and the registered agent is CSC Delaware Trust Company, located in Wilmington, Delaware. It was previously reported that 21Shares has submitted an S-1 application and plans to launch the first XRP ETF "21Shares Core XRP Trust".

Hong Kong pledges to implement a crypto asset reporting framework and plans to complete legislative amendments by 2026

The Hong Kong Government recently announced that it has informed the OECD Global Forum on Transparency and Effective Exchange of Information for Tax Purposes that Hong Kong is committed to implementing a Crypto-Assets Reporting Framework (Reporting Framework) to enhance international tax transparency and combat cross-border tax evasion. Hong Kong commits to implement the Reporting Framework with appropriate partners on a reciprocal basis, provided that the relevant partners meet the standards for protecting confidentiality and security of information. Taking into account the latest timetable set by the Global Forum, the Government initially plans to complete the necessary local legislative amendments by 2026 or earlier, and to conduct the first automatic exchange of information with relevant jurisdictions under the Reporting Framework from 2028. The OECD announced the Reporting Framework in June 2023 to ensure global tax transparency. As an extension of the existing Common Reporting Standard on Automatic Exchange of Financial Account Information in Tax Matters, the Reporting Framework provides for a similar mechanism for jurisdictions that have crypto-asset users or controllers as tax residents to automatically exchange tax information related to crypto-asset accounts and transactions on an annual basis. To ensure that the Reporting Framework can be implemented fairly and effectively worldwide, the Global Forum has invited all jurisdictions with relevant crypto-asset industries and identified as directly relevant to the Reporting Framework (including Hong Kong) to implement the Reporting Framework.

Metaplanet announces issuance of 4.5 billion yen in ordinary bonds, funds will be used to accelerate purchases of Bitcoin

Metaplanet Inc., a Japanese listed company, announced the issuance of its fourth series of ordinary bonds, with a total amount of 4.5 billion yen (about 30 million US dollars). The funds raised will be used to accelerate the purchase of Bitcoin. The annual interest rate of the bonds is zero and is expected to mature on June 16, 2025. The redemption funds of the bonds will be paid mainly through the exercise proceeds of previously issued warrants. In addition, Metaplanet plans to further expand its capital operation capabilities through multiple issuances in the future, totaling up to 5 billion yen in private placement bonds.

Trump plans to use the US Treasury's $200 billion foreign exchange stabilization fund to build Bitcoin reserves

According to Cryptoslate, US President-elect Trump plans to establish a Strategic Bitcoin Reserve (SBR) through an executive order and plans to use the Treasury's Exchange Stabilization Fund (ESF) to purchase Bitcoin. The ESF is usually used to deal with financial crises, and its total assets will exceed US$200 billion as of October 2024. If implemented, the plan will put the United States in a leading position in the global Bitcoin reserve competition. At the same time, several US states have begun to promote Bitcoin reserve legislation, including Pennsylvania and Texas. In addition, countries such as Brazil, Poland, and Japan are also discussing proposals to establish national Bitcoin reserves.

Nigeria cracks down on cryptocurrency scams, nearly 800 arrested

According to Reuters, Nigeria's anti-corruption agency launched a raid in a seven-story building in Lagos and arrested 792 suspects, including 148 Chinese and 40 Filipinos, involved in cryptocurrency and romance scams. The building was used as a call center, mainly targeting victims in the Americas and Europe, using social media and communication platforms to conduct online deception, disguised as fake cryptocurrency investment projects to defraud. Law enforcement officers seized computers, mobile phones and vehicles on the spot. The case may involve transnational organized crime