Bitcoin Surpasses $107,000 Mark
- Bitcoin reached a new milestone by exceeding $107,000 in value.
- Mt. Gox, a defunct crypto exchange, transferred 1,620 Bitcoin to an unknown wallet, valued at over $172.5 million.
- Investors are optimistic about Bitcoin hitting $120,000 by the end of 2024.
FTX Announces Crypto Repayments in 2025
- FTX, a collapsed crypto exchange, will begin customer distributions in early January.
- The Chapter 11 bankruptcy reorganization for FTX will be effective on January 3, 2025.
- Collaboration with BitGo and Kraken will facilitate asset distributions to retail and institutional investors.
CyberKongz Faces SEC Wells Notice
- CyberKongz, an NFT platform, received a Wells notice from the SEC regarding potential securities law violations.
- Concerns raised about the issuance of an ERC-20 token without proper registration as a security.
- Similar notices were issued to Coinbase, OpenSea, and Immutable earlier this year.
US Lawmakers Postpone SEC Commissioner Renomination
- Senate vote to renominate Caroline Crenshaw at the SEC was canceled due to issues between Democrats and Republicans.
- Concerns raised about corporate special interests influencing the decision-making process.
- Crenshaw’s renomination delayed until after the holiday break, potentially impacting her second term at the SEC.
Injective and Sonic Partner for Cross-Chain AI Agent Hub
- Injective and Sonic collaborate to develop the first cross-chain AI agent platform.
- The AI agent hub will integrate Solana and Injective ecosystems using Sonic’s HyperGrid technology.
- Inter-Blockchain Communication Protocol (IBC) will enable blockchain interoperability for the Smart Agent Hub.
