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An access disruption has occurred at the domestic virtual asset (cryptocurrency) exchange Coinone. As of 16:59 on the 5th, the Coinone exchange website is still inaccessible, and no announcements have been made.

▲ Russia, Bitcoin (BTC) ©CoinLeaders A Russian parliamentarian has proposed using Bitcoin (BTC) as a national strategic reserve asset. This is suggested as a measure to protect Russia's financial stability amid international sanctions and geopolitical risks. According to cryptocurrency media outlet CoinGape on the 10th (local time), Russian Duma member Anton Tkachev has officially requested Finance Minister Anton Siluanov to consider replacing traditional foreign exchange reserve assets like the dollar and euro with Bitcoin through an official letter. Tkachev pointed out that existing foreign exchange reserves could be affected by volatility, sanctions, and inflation, arguing that Bitcoin could be an alternative to overcome these limitations. He emphasized that for countries restricted from accessing international payment systems due to sanctions, cryptocurrencies like Bitcoin would become essential tools for global trade, adding that Bitcoin's decentralized nature is ideal for bypassing traditional financial systems. Tkachev mentioned Bitcoin's strong investment performance, citing the example of Bitcoin surpassing $100,000 in December 2024. He argued that Bitcoin not only serves as a stable store of value but also offers opportunities for financial gain. He added that global companies like MicroStrategy already use Bitcoin as a strategic investment asset, proving Bitcoin's appeal. CoinGape evaluated that "Tkachev's proposal seems to be part of a larger strategy aimed at preparing alternatives to replace the traditional financial system in Russia. The Russian Central Bank has already announced plans to experiment with cross-border payments using cryptocurrencies, intending to facilitate international trade while bypassing Western sanctions." In addition to Russia, proposals for Bitcoin reserves are also emerging in the United States. U.S. Senator Cynthia Lummis has submitted the "2024 Bitcoin Bill," which includes a U.S. Bitcoin strategic reserve plan. Former U.S. President Donald Trump has also supported the Bitcoin reserve plan, arguing that it should be used to strengthen the resilience of the U.S. economy in the digital age.

As expectations grow that the Federal Reserve (Fed) will cut interest rates again in January following this month, there is a significant increase in bets on this in the futures and swaps markets. According to Bloomberg, traders in the relevant markets are betting that the Fed will cut rates consecutively until January next year, buoyed by predictions from the major US investment bank Morgan Stanley. Morgan Stanley recently reported that the Fed is likely to cut rates consecutively this month and in January next year, recommending that investors position themselves accordingly. Specifically, they advised buying February federal funds rate contracts and accepting the January overnight index swap rate on the premise of a rate cut, as the Federal Open Market Committee (FOMC) meeting is scheduled for January 29 next year. As a result, January and February rate futures contracts have surged in price and volume. Matthew Hornbach, a strategist at Morgan Stanley, said, "Investors believe that the Fed is likely to cut rates not only in December but also in January next year, and they should position themselves accordingly." Currently, the rate futures market sees an 80% chance that the Fed will cut rates on the 18th of this month. This is significantly higher compared to 64% before the November employment figures were released. Meanwhile, the US consumer and producer price index figures for November are scheduled to be released on the 11th and 12th of this week. These figures are expected to have a significant impact on the Fed's future monetary policy decisions.

It appears that there are voices in Russia advocating for Bitcoin to be used as a strategic reserve. On the 10th (local time), according to Russian media RIA Novosti, Anton Tkachev, a State Duma member from the 'New People' party, proposed to Russian Finance Minister Anton Siluanov that Bitcoin be reserved at the national level. He argued that "considering geopolitical instability, traditional reserve currencies are vulnerable to volatility, sanctions, and inflation. However, virtual assets (cryptocurrencies) can be used as reserves because they do not rely on any single country."

Expectations are growing that the Federal Reserve (Fed) will cut interest rates again in January next year, following this month's cut, leading to a significant increase in bets in the futures and swaps markets. According to Bloomberg, traders in the relevant markets are betting that the Fed will cut rates consecutively by January next year, bolstered by predictions from the major U.S. investment bank Morgan Stanley. Morgan Stanley recently reported that the Fed is likely to cut rates consecutively this month and in January next year, advising investors to position themselves accordingly. Specifically, they recommended buying February federal funds rate contracts and accepting January overnight index swap rates on the premise of a rate cut, as the Federal Open Market Committee (FOMC) meeting is scheduled for January 29 next year. As a result, the January and February interest rate futures contracts have surged in price and volume. Matthew Hornbach, a strategist at Morgan Stanley, said, "Investors should position themselves in response to the high likelihood that the Fed will cut rates not only in December but also in January next year." Currently, the interest rate futures market sees about an 80% chance of a Fed rate cut on the 18th of this month. This is significantly higher compared to 64% before the November employment figures were released. Meanwhile, the U.S. consumer and producer price index data for November is scheduled to be released on the 11th and 12th of this week. This data is expected to have a significant impact on the Fed's future monetary policy decisions. It's just a revision

 [Digital Today AI Reporter] It has been reported that President-elect Trump of the United States has been nominating pro-cryptocurrency figures to head financial regulatory bodies such as the SEC, leading to a surge in convertible bond issuance by cryptocurrency companies. According to Bloomberg on the 9th (local time), MicroStrategy has issued convertible bonds worth $6.2 billion this year, which is part of a recent plan to raise $21 billion. Mara Holdings recently executed a bond sale of over $2 billion, riding the Bitcoin craze, and Core Scientific has raised over $1 billion so far this year. The media stated, "With Trump nominating Paul Atkins as SEC Chairman on the 4th, Bitcoin soared above $100,000. The sharp increase in value has led retail investors to issue convertible bonds to purchase cryptocurrencies." There is also a high possibility of additional transactions. Bitcoin mining company Riot Platforms announced plans to sell $500 million worth of convertible bonds this week to purchase more Bitcoin. MicroStrategy's stock price has risen by 73%% since the election, and during the same period, the stock prices of Mara Holdings, Riot Platforms, and Core Scientific have increased by 63%%, 33%%, and 30%%, respectively. Bitcoin has risen by over 40%%, nearing $100,000. good

 

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Digital asset data company Bonanza Lab announced on the 10th that it has signed a Memorandum of Understanding (MOU) with DeepSearch, an AI platform based on corporate data, to collaborate on the development of a virtual asset investment information service. This agreement is a collaboration to respond to the continuous growth of the virtual asset market and the increasing demand for investment information from users. Bonanza Lab provides standardized APIs for various virtual asset data, while DeepSearch possesses an AI platform. Based on these respective expertise, they plan to develop differentiated virtual asset insights and introduce innovative services for investors. Jeon Hyo-yeon, CEO of Bonanza Lab, stated, "By collaborating with DeepSearch, which has expertise in AI technology, we aim to provide more reliable data and in-depth insights to virtual asset investors, effectively supporting investment decisions and contributing to the protection of investors in the virtual asset market."