Daily Report | BTC breaks $100,000, setting a new historical high; Powell: Bitcoin exists in digital form like gold; Standard Chartered: Bitcoin coul

Organizer: Luan Peng, ChainCatcher

Important News:

• Data: BTC Breaks $100,000, Setting a New Historical High
• Powell: Bitcoin is Like Gold, Existing in Digital Form
• Ethereum Foundation Researcher: Solana's Golden Era is Coming to an End, Will Not Threaten Ethereum
• Trump Chooses Paul Atkins as SEC Chairman, Cryptocurrency Rises Temporarily
• Data: Bitcoin's Market Cap Exceeds $2 Trillion, Ranking 7th Among Global Assets
• "Bitcoin Breaks $100,000" Entry Rises to 20th on Weibo Hot Search List
• Zhao Changpeng Retweets Old Post: If You Sell BTC Below $100,000, Slap Yourself
• Bitcoin Becomes the 10th Largest Currency Globally, Total Market Cap Equivalent to the 12th Largest Economy

"What Important Events Happened in the Last 24 Hours"

Data: BTC Breaks $100,000, Setting a New Historical High

According to OKX market data, BTC has broken $100,000, with a 24H increase of 4.62%, setting a new historical high.

According to OKLink data, BTC's market cap has surpassed $1.98 trillion.

Powell: Bitcoin is Like Gold, Existing in Digital Form

Federal Reserve Chairman Powell stated that Bitcoin is like gold, just in digital form. Bitcoin is used as a speculative asset; it competes with gold, not the dollar.

Ethereum Foundation Researcher: Solana's Golden Era is Coming to an End, Will Not Threaten Ethereum

According to The Block, Ethereum Foundation researcher Justin Drake stated that Solana's golden era is coming to an end and will not pose a threat to Ethereum. Despite Solana's strong development momentum, Drake mentioned that Ethereum focuses on long-term gains.

He said, "Solana is at its peak right now, but I believe this will be the end of Solana's golden era, as all competitive advantages in latency and throughput will disappear, due to fundamental architectural differences that make it non-scalable." Currently, Ethereum developers heavily rely on Layer 2 to provide faster and cheaper transaction fees.

Drake stated, "I believe Layer 1 is competing with Bitcoin, while Layer 2 is competing with Solana. Therefore, competing with Solana is not even within the scope of Layer 1's responsibilities; we should compete in terms of security and health. So if Solana has any competition, it needs to come from applications and Layer 2."

Trump Chooses Paul Atkins as SEC Chairman, Cryptocurrency Rises Temporarily

U.S. Republican President-elect Donald Trump announced on Wednesday that he would nominate Paul Atkins as the chairman of the U.S. Securities and Exchange Commission (SEC). Following the announcement, cryptocurrency saw a brief rise. The current SEC chairman, Gensler, is a hardliner, and his ambitious agenda has led to conflicts with Wall Street and the crypto industry.

Atkins believes that robust and innovative capital markets can meet investors' needs and provide funding to keep the U.S. economy leading. He also recognizes that digital assets and other innovations are crucial for keeping the U.S. ahead. Atkins is expected to review several rules and court enforcement actions under Gensler's tenure and adopt a more lenient approach toward cryptocurrency, seeking rule changes aimed at promoting capital formation.

Data: Bitcoin's Market Cap Exceeds $2 Trillion, Ranking 7th Among Global Assets

According to OKLink, Bitcoin's market cap has exceeded $2 trillion, ranking 7th among global assets, currently at $2,007.172 billion. The current price of Bitcoin is reported at $101,328.

"Bitcoin Breaks $100,000" Entry Rises to 20th on Weibo Hot Search List

According to Weibo, the entry "Bitcoin Breaks $100,000" has risen to 20th on the Weibo hot search list.

Zhao Changpeng Retweets Old Post: If You Sell BTC Below $100,000, Slap Yourself

As Bitcoin breaks $100,000, CZ retweeted an old post from 2021 on the X platform: If you sell BTC below $100,000, slap yourself; additionally, CZ had previously posted similar content in 2019: If you sell BTC below $10,000, slap yourself.

Bitcoin Becomes the 10th Largest Currency Globally, Total Market Cap Equivalent to the 12th Largest Economy

According to a data chart shared by Zora co-founder Jacob, Bitcoin has now become the 10th largest currency globally, with a total market cap of approximately 19,790,568 BTC. Additionally, in terms of market cap, Bitcoin is equivalent to the 12th largest economy globally.

Coinbase CEO Brian Armstrong retweeted the post.

He Yi: Glad to Witness Bitcoin Break $100,000 Milestone, the Future is Bright

Binance co-founder He Yi expressed on social media, "I am glad to witness Bitcoin break the $100,000 milestone! This incredible milestone proves the collective efforts and dedication of our amazing community. Every participant has played a crucial role in shaping the industry we see today. Thank you all for your unwavering support for Binance. Let's continue to build, HODL, and move towards the next growth era in the crypto world. The future is bright!"

Justin Sun: Grateful to Join Many Believers in the Journey of Bitcoin Breaking $100,000

Justin Sun, founder of TRON and member of the HTX Global Advisory Committee, expressed on social media, "Witnessing this moment feels surreal. Since entering the crypto industry in 2012, Bitcoin has been more than just an asset—it symbolizes innovation, resilience, and decentralized technology. As Bitcoin breaks $100,000, I am grateful to be part of this journey with so many visionaries and believers."

"Tsinghua University Reveals Bitcoin" Course Tops Douyin Hot Search List at Fifth

As Bitcoin breaks the $100,000 mark, a 6-hour course offered by Tsinghua University revealing knowledge about Bitcoin has garnered widespread attention, ranking fifth on Douyin's hot search list.

Binance to Launch 6 Spot Trading Pairs Including CHZ/USDC, PYTH/USDC

According to official news, Binance will launch six spot trading pairs including CHZ/USDC, PYTH/USDC, RSR/USDC, RSR/FDUSD, W/USDC, and XTZ/USDC on December 6, 2024, at 16:00 (UTC+8), along with the opening of trading robot services for spot algorithm orders.

Stablecoin Issuer Circle Announces Layoffs, Less Than 6% of Total Employees

According to Bloomberg, stablecoin issuer Circle Internet Financial Ltd. announced layoffs as part of a regular operational review.

A Circle spokesperson stated that the number of layoffs accounts for less than 6% of Circle's total employees, and the company will continue to invest in AI-driven regional growth, efficiency, and productivity. Circle will regularly review its investments and expenditures, which includes investing in teams and operational infrastructure that need development while slightly reducing expenditures in other business areas and some positions. In June, Circle stated that the company had 882 employees.

Standard Chartered: Bitcoin May Reach $200,000 by the End of 2025

According to Jinshi, Geoff Kendrick, global head of digital asset research at Standard Chartered, stated in a report that this year's Bitcoin capital flow has been primarily driven by institutional investors, and this situation is expected to continue. After breaking $100,000, Bitcoin may reach $200,000 by the end of 2025.

So far this year, institutions have purchased 683,000 Bitcoins through U.S. spot ETFs, with MicroStrategy buying 245,000 Bitcoins, a significant portion of which was purchased after the U.S. presidential election.

Kendrick stated, "In 2025, we expect institutional capital inflow to maintain or exceed the pace of 2024." Additionally, pension funds currently hold a small proportion of Bitcoin ETFs, but this proportion is expected to increase in 2025 due to changes in U.S. regulatory policies.

HashKey Group Releases Official Statement: HashKey Exchange CEO Livio Weng Will Depart at Year-End

HashKey Group released an "official statement regarding Mr. Livio Weng's employment arrangement," stating that HashKey Exchange CEO Livio Weng has formally submitted his resignation to the company for personal family reasons months ago.

HashKey Group has completed the transition plan and received approval from the Hong Kong Securities and Futures Commission (SFC) for the personnel change. Mr. Weng will continue to serve until the end of this year to assist in completing all handover work.

Mr. Weng stated, "Over the past year, I have been fortunate to witness and participate in the development and growth of HashKey Group and HashKey Exchange. I am incredibly proud to work with such an outstanding team to drive industry innovation and development. Due to personal family reasons, I will temporarily leave HashKey. I thank the company, the team, and industry partners for their ongoing support and trust. I believe HashKey Group will continue to lead the industry forward and create brilliance in the future."

HashKey Group CEO Xiao Feng stated that Mr. Weng's leadership has driven the construction and development of the exchange, laying a foundation for the group's steady growth in the Hong Kong crypto industry.

Previous news indicated that HashKey Group announced that all team token holders (including departing employees) must strictly adhere to the token management policy, and employee departures will not trigger early or full unlocking.

"What Exciting Articles Are Worth Reading in the Last 24 Hours"

Bitcoin Breaks $100,000! New Milestone, New Starting Point

The New Year has come early! Predictions have become reality, with more than 20 days until 2025, Bitcoin has broken $100,000, achieving a new milestone, and history is being continuously updated.

Since Trump's election as the new U.S. president, Bitcoin has surged 33% from $75,000 to $100,000 in just one month. Compared to the $46,000 after the approval of Bitcoin spot ETFs at the beginning of the year, Bitcoin's price has more than doubled.

The $100,000 historical high may also just be a new starting point for Bitcoin. In 2024, Bitcoin has created multiple histories under the combined forces of Wall Street, Trump, and others. Moreover, crypto assets, led by Bitcoin, may further bridge the gap with the mainstream world.

Continue to Increase BTC Holdings! MSTR Capital Operations Spark Hoarding Trend, 22 Listed Companies Hold Over 1,000 BTC

This morning, Bitcoin finally broke $100,000.

Since U.S. Republican presidential candidate Trump announced his victory in the 2024 presidential election, Bitcoin's market has surged, finally breaking through the $70,000-$80,000 price range, continuously setting new historical highs.

At one point, it seemed inevitable. "Bitcoin will become one of the national strategic reserve assets of the U.S." seems to have become a possibility. Regardless of when this possibility materializes, the public capital market has reacted, with companies rushing to announce their purchases of Bitcoin as a reserve asset.

According to incomplete statistics, around 60 listed companies globally hold Bitcoin. According to data from OKLink Research Institute, since the U.S. election situation became clear, 17 listed companies in the U.S. and Japan have announced their holdings or approval of Bitcoin as a strategic asset.

Unlike previous hype around concepts, using real money to concentrate on hoarding Bitcoin, rather than other cryptocurrencies, indicates that consensus around Bitcoin in mainstream capital markets is continuously strengthening. According to HODL15Capital data, currently, there are 22 listed companies globally holding over 1,000 Bitcoins—valued at over $100 million in USD.

Among them, the most notable is MicroStrategy, the company with the largest Bitcoin holdings, whose stock price has increased by 114.52% over the past year, and its market cap once reached over $100 billion.

According to the 8-K document released by the company on December 2, it continues to increase its Bitcoin holdings through a $42 billion financing plan, resulting in a continuous increase in its Bitcoin quantity.

ETH Strongly Recovers, Which Beta Assets Are Worth Attention?

ETH, which has not performed well since the beginning of the year, strongly recovered last week. Entering this week, it continued to recover, with Ethereum's price briefly breaking $3,900 on December 5, and the ETH/BTC exchange rate rebounding over 10% during the week.

Official Statement Regarding Mr. Livio Weng's Employment Arrangement

HashKey Group COO and HashKey Exchange CEO Livio Weng has formally submitted his resignation to the company for personal family reasons months ago.

Bitcoin Breaks $100,000, A Top-Level Conspiracy

On January 3, 2009, at 18:15:05, Satoshi Nakamoto wrote the headline of that day's Times newspaper in the Bitcoin genesis block: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

Who would have thought that this digital asset born in the shadow of the financial crisis would break the historic $100,000 mark on December 5, 2024, becoming a financial giant with a market cap of nearly $2 trillion.

From being worthless at the beginning, to exchanging 10,000 Bitcoins for two pizzas in 2010; to 2011, when early participants cheered for Bitcoin to break $10; to 2017, when it first broke $10,000, causing a global sensation, and then to 2024 when Bitcoin spot ETFs were approved and listed on the U.S. stock market… this "internet bubble" that was once scoffed at has now become the "digital gold" that Wall Street financial giants like BlackRock and Fidelity are scrambling to chase.