Trump Appoints Bo Hines as Executive Director of Presidential Digital Asset Advisory Council

According to The Block, US President-elect Donald Trump announced that he has appointed Bo Hines as the executive director of his "Presidential Digital Asset Advisory Committee" to lead his "Crypto Committee."

Trump Appoints Bo Hines as Executive Director of Presidential Digital Asset Advisory Council

According to The Block, US President-elect Donald Trump announced that he has appointed Bo Hines as the executive director of his "Presidential Digital Asset Advisory Committee" to lead his "Crypto Committee." Bo Hines was a college football player who failed to be elected to the House of Representatives in 2022. Trump wrote: "In his new position, Bo Hines will work with David Sacks to promote innovation and growth in the digital asset field while ensuring that industry leaders have the resources they need to succeed."

Trump nominates outgoing a16z partner Krishnan as senior AI policy advisor at the White House Office of Science and Technology Policy

According to CCTV News, US President-elect Trump announced the nomination of Sriram Krishnan as the next senior policy advisor for artificial intelligence in the White House Office of Science and Technology Policy. Trump said in a statement that Sriram Krishnan will work closely with David Sachs to focus on ensuring the continued leadership of the United States in the field of artificial intelligence. Earlier in November, a16z general partner Sriram Krishnan announced that he would leave at the end of the year.

Michael Saylor releases Bitcoin Tracker information for the seventh consecutive week, possibly hinting at another increase in BTC holdings

MicroStrategy founder Michael Saylor has released information about Bitcoin Tracker for the seventh consecutive week, but this time is different from before. He said: "The orange dots on the website are motivating." (Note: Every time MicroStrategy buys BTC, the website will mark a green dot on the corresponding date, and the BTC price trend line is blue. This time, the previous green dots on the website have become orange dots.) According to previous rules, MicroStrategy always increases its holdings of Bitcoin the day after the relevant news is released.

Earlier news, Michael Saylor said that the accounting rules that will take effect next year may enable MicroStrategy to meet the S&P 500 profit requirements.

Securitize proposes to add BlackRock’s BUIDL token as backing for stablecoin Frax USD

Decentralized stablecoin protocol Frax Finance is considering integrating BlackRock's BUIDL token as a reserve asset in its upcoming relaunched Frax USD stablecoin, but the decision is subject to approval by the governance process. Securitize Markets has written a governance proposal for this, pointing out that this move will not only improve the practicality, security and convenience of Frax USD, but also reduce counterparty risk of reserves. The BUIDL token currently manages over $530 million in assets, mainly short-term U.S. Treasuries. Although the proposal has not yet been voted on, initial feedback from members of the Frax Finance decentralized autonomous organization (DAO) has been generally positive.

Meanwhile, Frax’s core team is planning to rename its core stablecoin to Frax USD (frxUSD) as described in another governance proposal, and to launch Staked Frax USD (sfrxUSD) as a yield-generating counterpart. If the partnership with Paxos is successful, frxUSD will be directly convertible to fiat currency and may benefit from Frax Finance’s efforts to gain access to the U.S. Federal Reserve’s master account. The launch of the stablecoin will also be accompanied by a new minting-redemption system, where entities will be able to obtain minting-redemption rights to frxUSD if governance allows their assets to back frxUSD.

Competing tokenized fund platform Superstate has also made two governance proposals suggesting that Frax adopt its USTB Treasury and USCC crypto arbitrage funds as stablecoin backing. Superstate calls on Frax to allocate up to $20 million to its USCC fund and up to $100 million to the USTB fund.

Bezos clarifies $600 million wedding rumor, MicroStrategy founder takes the opportunity to recommend Bitcoin investment

Amazon founder Jeff Bezos has attracted widespread attention for his firm denial of plans to hold a $600 million wedding with his fiancée Lauren Sanchez in Aspen, Colorado, Bitcoin.com reported. He made it clear that the rumors were pure fiction. In response, a number of billionaires, including Tesla founder Musk, expressed their support for Bezos. Musk even jokingly wished Bezos a grand wedding in the future, while Pershing Square CEO Bill Ackman directly refuted the rumors of a $600 million wedding, calling it "unbelievable." However, as everyone was discussing this hot topic, MicroStrategy founder Michael Saylor cleverly changed the subject. He quipped: "600 million dollars can buy a lot of Bitcoin." This development follows a proposal from Amazon shareholders to encourage the company to invest at least 5% of its assets in Bitcoin (BTC), which coincides with a similar proposal recently made to Microsoft. Saylor's remarks once again highlight the ongoing efforts to bring Bitcoin into mainstream financial discussions and use popular events to highlight its investment potential. While Bezos laughed off