Wu's Daily Selected Encryption News - The U.S. government officially ends the longest shutdown in history at 43 days, with the December FOMC becoming a key Node.

1. The U.S. government officially ended the longest shutdown in history lasting 43 days, with the December FOMC becoming a key Node.

The U.S. government has officially ended the longest shutdown in history, lasting 43 days, during which a large amount of economic data was missing, and macro analysis could only rely on forecasts. The December FOMC has become a key Node. Interest rate futures indicate a roughly 50% probability of a 25bp rate cut. Bitcoin is in a “waiting for signals” state, with $100,000 becoming a sensitive price level. Options OI and trading volume continue to rise, increasing market divergence, and a “reasonable reason” could become a trigger point for market movement.

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2. Supreme Court: Focus on new issues such as the disposal of virtual currencies involved in cases and jurisdiction in cybercrime cases.

On November 13, the Supreme People's Court emphasized the maintenance of cybersecurity at the eighth National Criminal Trial Work Conference, proposing specific requirements from three aspects: focusing on new issues such as the disposal of virtual currencies involved in cases, obscene performances in online live broadcasts, jurisdiction over cybercrime cases, and the certification of electronic data collection; further improving judicial rules, standardizing judgment criteria, and promoting lawful and civilized internet usage; severely cracking down on cross-border online gambling crimes in accordance with the law, holding network platforms criminally accountable for providing services for overseas gambling and disseminating harmful information related to gambling, and cooperating with relevant departments to rectify the online promotion chain related to gambling; increasing the crackdown on upstream illegal activities in the black and gray industries that infringe on citizens' personal information, strictly punishing “insiders” in the industry, applying employment bans in accordance with the law, and pushing to reinforce the regulatory responsibilities of online platforms.

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3. Sichuan Provincial Tax Bureau announced: Residents underreported overseas income, with a total of 6.659 million yuan in tax payments and late fees.

The Sichuan tax authority discovered that a domestic resident, Li, had undeclared foreign income based on big data analysis of tax revenues. After being prompted and receiving policy guidance, he has supplemented his declaration and paid the overdue tax and late fees totaling 6.659 million yuan. The official reminder: residents who obtain income outside of China should declare and pay taxes between March 1 and June 30 of the following year; failure to declare on time or inaccurately constitutes a violation of the law. In addition to needing to pay back taxes and incur late fees, serious cases may be subject to investigation and public exposure.

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4. The Central Bank of the Czech Republic became the first central bank to purchase Bitcoin, establishing a $1 million cryptocurrency test investment portfolio.

The Czech National Bank (CNB) has announced the establishment of a pilot digital asset portfolio totaling $1 million, which includes Bitcoin, US dollar stablecoins, and a tokenized deposit. The plan was approved on October 30 and aims to test the processes related to the purchase, holding, and management of blockchain assets, with plans to share experiences in the next 2 to 3 years. It is said to be the first time a central bank has included Bitcoin in its balance sheet. The CNB emphasizes that this purchase does not come from its international reserves and will not expand the scale of investment.

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5. A 78-year-old man and individual investor donated 1 Bitcoin to Seoul National University Hospital in South Korea.

Seoul National University Hospital in South Korea announced that a 78-year-old individual investor, Mr. Kim, has donated 1 Bitcoin (approximately 157 million Korean Won) to the hospital, marking the first time the hospital has received a donation in the form of digital assets. The hospital stated that it will convert the BTC into fiat currency according to government guidelines and incorporate it into the development fund. Mr. Kim mentioned that Bitcoin is a “new type of donation tool that aligns with the trends of the times,” and hopes to promote the spread of a culture of digital asset donations. It is reported that Mr. Kim has already donated 1 Bitcoin each to the Korean Red Cross and the Seoul City Social Welfare Foundation this year, with total donations exceeding 1 billion Korean Won.

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