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Cointime August 17th News Express

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  • Musk's lawyer accused the SEC of improper investigation of Musk and his affiliated companies and demanded that the source of the instructions be made public

    On December 13th, Musk tweeted, "Gary Gensler, how could you do this to me?" along with a screenshot of an email from Musk's lawyer to Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC). The email, sent by Quinn Emanuel law firm on behalf of Musk, strongly criticized the SEC's improper investigation of Musk and his affiliated companies. SEC commissioners have issued a final ultimatum to Musk to accept a settlement within 48 hours, or face multiple charges, claiming that this action was taken based on instructions from superiors. At the same time, the letter mentioned that the SEC has reopened its investigation into Neuralink, a company owned by Musk, indicating that the SEC's actions have gone beyond seeking the truth and instead are targeted behavior based on improper motives.
  • The market value of the meme coin related to the murder suspect of the US insurance giant CEO has risen to 77 million US dollars

     DL News, the suspect in the murder of UnitedHealthcare CEO Brian Thompson has attracted the attention of cryptocurrency users. After the insurance executive was murdered on December 4 and a large-scale search operation was launched by the police, bettors on the Polymarket cryptocurrency prediction platform invested $500,000. At the same time, the price of Meme coin related to the details of the search operation skyrocketed. A Meme coin named after the criminal suspect Luigi Mangione's name soared to a market value of $77 million, then fell to about $17 million (currently rising to $20.7 million). DL News stated that this Meme coin surge highlights the dark side of Meme culture.
  • Poland arrests former CEO of Russian CEX WEX and will extradite him to the US

    On December 9th, according to Reuters and Polish media Rzeczpospolita, Polish authorities arrested Dmitry V, former CEO of Russian cryptocurrency exchange WEX, in the center of Warsaw. He is accused of fraud and money laundering during his time managing WEX, which collapsed in 2018.
  • South Korea's ruling party leader: Yoon Seok-yeol will not interfere in South Korea's national affairs before stepping down

     South Korean Prime Minister Han Deok-soo will meet with the leader of the ruling party, Han Dong-hoon, on the 8th local time to issue a joint statement on the South Korean political situation. Han Dong-hoon stated that most people believe that the president should resign. In addition, Han Dong-hoon also stated that he will not interfere with South Korean politics before Yoon Seok-yeol steps down. South Korean Prime Minister Han Deok-soo apologized to the people for the current situation and stated that he will cooperate with the ruling party, the National Power Party, to ensure that there is no blank period in the operation of the country's politics. He also asked the National Assembly to pass the budget proposal.
  • The leader of South Korea's ruling party said that he had completed the meeting with Yoon Seok-yeol and would continue to ask him to stop performing his presidential duties

     on the 6th local time, Han Dongxun, the leader of the ruling party, the National Power Party in South Korea, stated that during the meeting with South Korean President Yin Xiyue that day, he did not obtain any reason to overturn his previous views. Han Dongxun will continue to demand that Yin Xiyue stop performing presidential duties. (Jinshi)
  • Trump to Appoint David O. Sacks as 'Crypto Czar'

    According to a report from Bloomberg on December 6th, US President-elect Donald Trump will appoint David O. Sacks as the "Crypto Czar" to lead US policies and regulatory affairs in the field of cryptocurrency. Sacks is a well-known Silicon Valley investor and also a supporter of blockchain technology.
  • Citi report: predicts that corporate finance will undergo major changes in the next 3 to 5 years, and DLT and AI will play a role

    Citi GPS has released a report titled "Financials 2030" exploring the future development direction of corporate finance functions. A survey found that 93% of surveyed financial executives believe that there will be significant changes in corporate finance functions in the next three to five years, but more than half of them are unsure of what these changes will be.
  • BlackRock executive: More and more investors from different wealth classes are looking at Bitcoin as a hedging tool

    Bitcoin has been rising all the way, breaking through the $100,000 mark. A large part of the demand driving the rise in Bitcoin prices has recently flowed into Bitcoin ETFs. Jay Jacobs, head of thematic and active ETFs in the United States at BlackRock, said that since its launch in January of this year, the value of the IBIT ETF has grown to over $45 billion, and its value has increased by $4.1 billion in just the past month. Jacobs said that in addition to candidates who are more friendly to cryptocurrencies winning in elections, an increasing number of investors from different wealth levels are beginning to see Bitcoin as a tool to hedge against geopolitical risks and currency depreciation caused by inflation. As ETFs become an easy way for investors to understand Bitcoin price trends, mainstream interest in cryptocurrencies reaching a critical point is only a matter of time. (Jinse)
  • Trump announces series of appointments for key government positions

    President-elect Donald Trump has made a series of appointments, including Peter Navarro as senior counselor for trade and manufacturing, Paul Atkins as commissioner of the Securities and Exchange Commission, and former Rep. Billy Long as the Internal Revenue Service's commissioner. Trump has chosen people for most Senate-confirmed Cabinet-level jobs, as well as key roles that don't require confirmation. However, he is reportedly considering replacing Defense Secretary nominee Pete Hegseth amid allegations of public drunkenness and sexual misconduct.
  • Source: CFTC chairman candidate has put the suspension of Biden-era enforcement actions on the agenda

    According to FOX Business reporter Eleanor Terrett, CFTC Commissioner Caroline D. Pham is one of the candidates for the new CFTC chairman. Under the leadership of the new leadership, the suspension of enforcement actions during the Biden era has been put on the agenda.