AiCoin Daily Report (December 10)

1. Russian President Putin says no one can ban Bitcoin

Russian President Putin stated that no one can ban Bitcoin.

2. White House official Hassett: The Fed still has ample room to cut rates

Kevin Hassett, Director of the White House National Economic Council, said the Federal Reserve still has ample room to cut interest rates.

3. Gold hits all-time high, surpasses $4,200/oz, up 0.23% intraday

4. BlackRock transfers 272.293 BTC worth $24.58 million to Coinbase Prime

About 1 hour ago, BlackRock transferred 272.293 BTC, worth approximately $24.58 million, to a Coinbase Prime address.

5. BMW completes first on-chain programmable FX payment via JPMorgan

German automotive giant BMW completed a foreign exchange transaction using JPMorgan’s licensed Kinexys digital payment network, marking its first on-chain programmable FX payment.

6. UAE National Security Authority says Bitcoin is a key pillar of future finance

The UAE National Security Authority stated that Bitcoin is a key pillar of future finance.

7. Glassnode: Public and private company Bitcoin holdings rise to 1.08 million

According to Glassnode data, since January 2023, the total amount of Bitcoin held by public and private companies has risen from 197,000 to 1.08 million, an increase of about 448%. Corporate balance sheets are becoming an increasingly important pillar of Bitcoin demand.

8. Standard Chartered lowers year-end Bitcoin target to $100,000

Standard Chartered analyst Geoff Kendrick described the current market as a “cold wind” rather than a “crypto winter,” lowering the year-end Bitcoin target price to $100,000 and pushing back the expectation for Bitcoin to reach $500,000 from 2028 to 2030.

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