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JUST IN: 🇺🇸 President-elect Trump nominates pro-Bitcoin Stephen Miran to lead his Council of Economic Advisers.
[Jeff Huang Closes Bitcoin and ZEC Long Positions with Weekly Profit Exceeding $1.5 Million] On-chain data shows that 'Machi Big Brother' Jeff Huang has closed all 40x leveraged Bitcoin long positions and ZEC long positions opened this morning, achieving a total weekly floating profit of $1.53 million. Currently, he still holds Ethereum and HYPE long positions, including a 25x leveraged Ethereum long position with 7,100 ETH held at an average entry price of $2,987, and a 10x leveraged HYPE long position that has been increased to 25,888.88 HYPE at an average entry price of $24.5.
[Coinbase Executive Says Digital Asset Market Transparency Act Requires More Time for Foundational Passage] Coinbase's Head of Institutional Strategy, John D’Agostino, stated in an interview with CNBC that the 'Digital Asset Market Transparency Act' (CLARITY Act), despite its complexity, holds foundational significance for the development of cryptocurrencies and other asset classes. He noted that understanding the passage of this act will require more time and mentioned that its complexity far exceeds the Genius Act on stablecoins passed in July this year.
According to AiCoin monitoring, the net inflow of US spot BTC ETF reached $471 million yesterday, the highest daily net inflow since November 19th. Among them, IBIT had the largest inflow of funds, reaching 287 million US dollars; Next is FBTC, with an inflow amount of 88.1 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only
[Uniswap Founder Questions Aerodrome's Revenue Model as Creating an Illusion of Income] Uniswap founder Hayden Adams clashed with Aerodrome CEO Alexander over the LP fee revenue model. Hayden Adams posted on the X platform, stating that Aerodrome collects 100% of LP fees and returns them to LPs through token issuance or liquidity incentives. He argued that this approach inflates revenue figures artificially but does not represent sustainable fees, creating an illusion of income and serving no real purpose. He pointed out that the Uniswap protocol is designed differently, with a portion of swap fees allocated to the protocol and the majority directly to LPs, aiming for long-term sustainability rather than inflated figures.
[Whale address 0x363A…4F7A purchased 12,166 ETH] According to Lookonchain monitoring, 5 hours ago, whale address 0x363A…4F7A purchased 12,166 ETH from Coinbase, FalconX, and Cumberland, with a total value of $38.09 million.