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on December 30, according to JIN10 data reports, insiders revealed that AI startup MiniMax has secured Alibaba Group and Abu Dhabi Investment Authority as its main backers for its upcoming IPO in Hong Kong. Insiders said MiniMax is seeking to raise more than $600 million through the IPO. Some of them stated that the company will start accepting investor subscriptions as early as Wednesday, with plans to go public in January next year. Insiders also said that in addition to Abu Dhabi Investment Authority and Alibaba, IDG Capital, Perseverance Asset Management, and South Korea's Mirae Asset will also be cornerstone investors in this deal. However, they added that negotiations are still ongoing, and the size and timing of the deal may still change.

[Sources say Alibaba and Abu Dhabi plan to invest in MiniMax to support its IPO.]on December 30, according to JIN10 data reports, insiders revealed that AI startup MiniMax has secured Alibaba Group and Abu Dhabi Investment Authority as its main backers for its upcoming IPO in Hong Kong. Insiders said MiniMax is seeking to raise more than $600 million through the IPO. Some of them stated that the company will start accepting investor subscriptions as early as Wednesday, with plans to go public in January next year. Insiders also said that in addition to Abu Dhabi Investment Authority and Alibaba, IDG Capital, Perseverance Asset Management, and South Korea's Mirae Asset will also be cornerstone investors in this deal. However, they added that negotiations are still ongoing, and the size and timing of the deal may still change.

Sources say Alibaba and Abu Dhabi plan to invest in MiniMax to support its IPO.

according to SoSoValue data, the spot XRP ETF had a net inflow of 15.55 million USD yesterday (Eastern Time, December 30).

[The US spot XRP ETF saw a net inflow of $15.55 million yesterday.]according to SoSoValue data, the spot XRP ETF had a net inflow of 15.55 million USD yesterday (Eastern Time, December 30).

The US spot XRP ETF saw a net inflow of $15.55 million yesterday.

according to OnchainLens monitoring, a whale address deposited 4.03 million USD USDC into Lighter and bought 1.63 million LIT at a price of 3.8 million USD, with an average transaction price of about 2.33 USD.The wallet currently still holds 227,099 USDC, and further accumulation cannot be ruled out.

[A whale increased its holdings by 1.63 million LITs at an average price of $2.33 per coin.]according to OnchainLens monitoring, a whale address deposited 4.03 million USD USDC into Lighter and bought 1.63 million LIT at a price of 3.8 million USD, with an average transaction price of about 2.33 USD.The wallet currently still holds 227,099 USDC, and further accumulation cannot be ruled out.

A whale increased its holdings by 1.63 million LITs at an average price of $2.33 per coin.

Ethereum co-founder Vitalik Buterin published an article "Balance of power," exploring the concepts of power and balance. Vitalik believes that more projects should explicitly consider not only the "business model" (i.e., how to raise resources to support their work) but also the "decentralization model" (i.e., how to avoid power concentrating in oneself and the risks brought by having such power).In some cases, decentralization is easy: relatively few people care about dominance. English, or more precisely, open protocols like TCP, IP, and HTTP. In other cases, decentralization is difficult to achieve because use cases sometimes require conscious action. How to gain the advantages of flexibility without bearing its drawbacks will remain an important challenge for a long time to come.

[Vitalik published an article discussing the concepts of power and debalancing, urging projects to acknowledge the "decentralized model."]Ethereum co-founder Vitalik Buterin published an article "Balance of power," exploring the concepts of power and balance. Vitalik believes that more projects should explicitly consider not only the "business model" (i.e., how to raise resources to support their work) but also the "decentralization model" (i.e., how to avoid power concentrating in oneself and the risks brought by having such power).In some cases, decentralization is easy: relatively few people care about dominance. English, or more precisely, open protocols like TCP, IP, and HTTP. In other cases, decentralization is difficult to achieve because use cases sometimes require conscious action. How to gain the advantages of flexibility without bearing its drawbacks will remain an important challenge for a long time to come.

Vitalik published an article discussing the concepts of power and debalancing, urging projects to acknowledge the "decentralized model."

and reported by Jin10, a research report from CITIC Securities states that the digital renminbi is upgrading from the "central bank liability type" 1.0, which replaces cash, to the "deposit currency type" 2.0, which is incorporated into the commercial bank liability system. Its accounts can earn interest and pay reserve requirements, effectively becoming general deposits. This institutional adjustment helps to solidify the stability of bank liabilities and enhances the transmission efficiency of monetary policy under the reserve and interest rate framework, while significantly increasing commercial banks' intrinsic incentives to promote the digital renminbi.From an industry impact perspective, the digital renminbi is expected to become an important tool linking corporate and retail sectors, and to partially replace third-party platforms in the payment process. It is anticipated that the future development focus of banks' digital renminbi business will shift from qualification to capability. Banks need to accelerate the transition from account operations to scenario-based specialized services and seize the opportunity to increase digital renminbi penetration.

[CITIC Securities: Banks need to seize the opportunity presented by the increasing penetration rate of the digital yuan.]and reported by Jin10, a research report from CITIC Securities states that the digital renminbi is upgrading from the "central bank liability type" 1.0, which replaces cash, to the "deposit currency type" 2.0, which is incorporated into the commercial bank liability system. Its accounts can earn interest and pay reserve requirements, effectively becoming general deposits. This institutional adjustment helps to solidify the stability of bank liabilities and enhances the transmission efficiency of monetary policy under the reserve and interest rate framework, while significantly increasing commercial banks' intrinsic incentives to promote the digital renminbi.From an industry impact perspective, the digital renminbi is expected to become an important tool linking corporate and retail sectors, and to partially replace third-party platforms in the payment process. It is anticipated that the future development focus of banks' digital renminbi business will shift from qualification to capability. Banks need to accelerate the transition from account operations to scenario-based specialized services and seize the opportunity to increase digital renminbi penetration.

CITIC Securities: Banks need to seize the opportunity presented by the increasing penetration rate of the digital yuan.

stable Surges 10.94% in 24H, Currently at 0.014765 USDT

【stable currently trades at 0.014765 USDT, up 10.94% in 24h, according to HTX market data.】stable Surges 10.94% in 24H, Currently at 0.014765 USDT

stable currently trades at 0.014765 USDT, up 10.94% in 24h, according to HTX market data.

On December 31, Netflix announced the official start of filming the cryptocurrency-themed romantic comedy movie "One Attempt Remaining," marking the first time the crypto industry enters the mainstream Hollywood scene in a lighthearted comedic form. The film is directed by Kay Cannon and stars Golden Globe winner Jennifer Garner. The plot revolves around a couple who have broken up racing against time to recover the password to their crypto wallet.

[Netflix has begun filming a romantic comedy movie themed around cryptocurrency, titled "One Attempt Remaining".]On December 31, Netflix announced the official start of filming the cryptocurrency-themed romantic comedy movie "One Attempt Remaining," marking the first time the crypto industry enters the mainstream Hollywood scene in a lighthearted comedic form. The film is directed by Kay Cannon and stars Golden Globe winner Jennifer Garner. The plot revolves around a couple who have broken up racing against time to recover the password to their crypto wallet.

Netflix has begun filming a romantic comedy movie themed around cryptocurrency, titled "One Attempt Remaining".

&nbsp;Stable announced the official end of its Pre-Deposit Program Phase 2. Eligible users can now claim the related funds. All users who received allocations in Phase 2 can claim their distributed funds through the Merkl dashboard and claim USDT0 on the Stable platform.

[The second phase of the Stable pre-deposit program has ended, and eligible users can now withdraw their funds.]&nbsp;Stable announced the official end of its Pre-Deposit Program Phase 2. Eligible users can now claim the related funds. All users who received allocations in Phase 2 can claim their distributed funds through the Merkl dashboard and claim USDT0 on the Stable platform.

The second phase of the Stable pre-deposit program has ended, and eligible users can now withdraw their funds.

HTX data showed that BTC fell below 88000  USDT and is now at 87985.02 USDT, with a increase of 0.45% in 24H.

[BTC fell below 88000  USDT] HTX data showed that BTC fell below 88000  USDT and is now at 87985.02 USDT, with a increase of 0.45% in 24H.

BTC fell below 88000  USDT

Sen. Pat Toomey criticized the the slow process of passing U.S. crypto trading regulations.Hostility and a lack of transparency by the SEC, alongside a failure to pass regulatory guardrails, has "generated a debilitating amount of legal uncertainty," the Pennsylvania Republican wrote on Twitter on Friday."These failures have driven crypto development to foreign jurisdictions that have little or insufficient regulation," he added, referencing the collapse of Bahamas-based failed crypto exchange FTX.

Detail

【Sen. Pat Toomey slams Congress's failure to produce crypto regulation in good time】Sen. Pat Toomey criticized the the slow process of passing U.S. crypto trading regulations.Hostility and a lack of transparency by the SEC, alongside a failure to pass regulatory guardrails, has "generated a debilitating amount of legal uncertainty," the Pennsylvania Republican wrote on Twitter on Friday."These failures have driven crypto development to foreign jurisdictions that have little or insufficient regulation," he added, referencing the collapse of Bahamas-based failed crypto exchange FTX.

Sen. Pat Toomey slams Congress's failure to produce crypto regulation in good time

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Article

Sen. Pat Toomey slams Congress's failure to produce crypto regulation in good time

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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