Escrito por: Todd Gillespie Compilado por: Luffy, Foresight News En la lista de gastos de fin de año de Cantor Fitzgerald LP, puede que aparezca un artículo especial. "Just after I left the office, I joked with someone that I would be happy to buy him a foldable bed because he has to come to work on Sunday and won't be able to leave until Friday," said Sage Kelly, 53, co-CEO of Cantor Fitzgerald, during an interview in the New York office. Esta institución financiera boutique privada, con sede en Nueva York, ha estado subiendo constantemente en el ranking de Wall Street, aprovechando la ola de criptomonedas y retomando su negocio de transacciones impulsadas por empresas de adquisición de propósito especial (SPAC), experimentando el año más ocupado y exitoso de su historia. Actualmente, Cantor es

CoinVoice Latest has learned that, according to Fortune, 25-year-old internet celebrity Nicholas Pinto purchased $360,000 worth of TRUMP Token to attend a dinner with Trump, but the banquet food left him very disappointed: "It was just garbage, Walmart-level steak." Pinto stated that the "Trump Organic Garden Salad" and "Double Entree" (Filet Mignon + Pan-Seared Halibut) received collective criticism. "Everyone at our table said this was the worst meal we've ever had." However, the highlight of the evening was not the food but Trump himself. When asked if it was worth the ticket price, Pinto bluntly said: "I was expecting to enjoy Trump's favorite Big Mac or pizza; both would have been better than tonight's meal." Cuando Pinto llegó al lugar de la cena, lo primero que lo recibió fue un grupo de protesta de la organización sin fines de lucro "Ciudadanos Públicos", presidido en conjunto por Robert Weiss.

NAIROBI (Coinchapter.com)— Ripple (XRP) price skyrocketed to a monthly high of $2.58 following President Donald Trump’s announcement that the altcoin would be included in the U.S. crypto strategic reserve. The news boosted market sentiment, pushing XRP past Tether (USDT) to become the

El cambio esperado desde hace mucho tiempo de Ethereum (ETH) podría estar próximo en el segundo trimestre, con los expertos esperando un gran avance. El impulso de Ethereum está aumentando en niveles actuales de alrededor de $2,160, pero para cuando se produzca la explosión, un competidor relativamente nuevo habrá aumentado 30 veces. Mutuum Finance (MUTM) está en alza.

Jason Calacanis predice $180 como un generoso objetivo de precio para Strategy (MSTR) debido al alto riesgo de deuda. Él cree que la acción está navegando por aguas desconocidas con sus inversiones en Bitcoin. MicroStrategy enfrenta un Soltar en el valor de las acciones a medida que los precios de Bitcoin fluctúan, a pesar de poseer una cantidad sustancial de la criptomoneda.

Buffett has stated that he would not go long or short on something he doesn't understand, but Berkshire Hathaway's investment in the cryptocurrency field may indicate a change in the company's stance.

Michael Saylor, cofundador y presidente ejecutivo de Microstrategy, puso el foco en bitcoin durante un intercambio en línea con Jeff Bezos en X. El fundador de Amazon se encontró en los titulares después de rechazar firmemente las afirmaciones de que planeaba una boda de $600 millones con su prometida Lauren Sanchez

* * * * * If the SEC were a sports team measured by its “win” rate, it would be a runaway champ. But that win-loss record suffered a mild hit — and its first ever loss in an “ICO” case — one that refers to the controversial method of crowd fundraising and that borrows from the public company “IPO” or initial public offering. A federal judge denied the SEC a preliminary injunction against Blockvest after he granted a temporary restraining order on the same issue. We chat with Amit Singh, attorney and shareholder in Stradling’s corporate and securities practice group about the SEC’s fresh loss. His take? They’ll be out for blood, next. **For those not in the know, share the legal background leading up to this case.** In October of this year, the Securities Exchange Commission filed a complaint against Blockvest LLC and its founder, Reginald Buddy Ringgold III. According to the complaint, Blockvest falsely claimed its planned December initial coin offering was “registered” and “approved” by the SEC and created a fake regulatory agency, the Blockchain Exchange Commission, which included a phony logo that was nearly identical to that of the SEC. The SEC also alleged Blockvest conducted pre-sales of its digital token, BLV, ahead of the ICO and raised more than $2.5 million. The SEC’s complaint alleged violations of the anti-fraud provisions of the Securities Exchange and the Securities Act and violations of the Securities Act’s prohibitions against the offer and sale of unregistered securities in the absence of an exemption from the registration requirements. U.S. District Judge Gonzalo Curiel issued a temporary restraining order “freezing assets, prohibiting the destruction of documents, granting expedited discovery, requiring accounting and order to show cause why a preliminary injunction should not be granted” on October 5, 2018. On Tuesday, November 27, in the SEC’s first loss in stopping an ICO, judge Gonzalo Curiel stated that the SEC had not shown at this stage of the case that the BLV tokens were securities under the Howey Test, a decades-old test established by the U.S. Supreme Court for determining whether certain transactions are investment contracts and thus securities. If the tokens weren’t securities, all the SEC’s other allegations automatically fail Under the Howey Test, a transaction is an investment contract (or security) if: – It is an investment of money; – There is an expectation of profits from the investment; – The investment of money is in a common enterprise; and – Any profit comes from the efforts of a promoter or third party Later cases have expanded the term “money” in the Howey Test to include investment assets other than money. The judge said that the SEC failed to show investors had an expectation of profits. “While defendants claim that they had an expectation in Blockvest’s future business, no evidence is provided to support the test investors’ expectation of profits,” the judge wrote. Blockvest argued that the pre-ICO money came from 32 “test investors” and said the BLV tokens were only designed for testing its platform. It presented statements from several investors who said they either did not buy BLV tokens or rely on any representations that the SEC has alleged are false. The SEC responded by noting that various individuals wrote “Blockvest” or “coins” on their checks and were provided with a Blockvest ICO white paper describing the project and the terms of the ICO. Judge Curiel said that evidence, by itself, wasn’t enough: “Merely writing ‘Blockvest or coins’ on their checks is not sufficient to demonstrate what promotional materials or economic inducements these purchasers were presented with prior to their investments. Accordingly, plaintiff has not demonstrated that ‘securities’ were sold to [these] individuals.” **Won’t the case proceed? Why is the denial of an injunction important here?** This does not mean that the SEC cannot pursue an action against the defendants Rather it just means that the SEC didn’t meet the high burden required to receive a preliminary injunction of proving “(1) a prima facie case of previous violations of federal securities laws, and (2) a reasonable likelihood that the wrong will be repeated.” The court determined that, at this stage, without full discovery and disputed issues of material facts, the Court could not decide whether the BLV token were securities. Since the SEC didn’t meet its burden of proving the tokens were securities in the first place, it couldn’t have shown that there was a previous violation of the federal securities laws So, the first prong was not met Further, the defendants agreed to stop the ICO and provide 30 days’ prior notice to the SEC if they intend to move forward with the ICO So, the court determined that there was not a reasonable likelihood that the wrong will be repeated As a result, the SEC’s motion for a preliminary injunction was denied. Nonetheless, this is an important case as it is the first time the SEC went after an ICO issuer and the issuer pushed back and won (if only temporarily) It reminds us that, though most people think of the SEC as judge and jury in securities actions, that isn’t the case Ultimately, an issuer that pushes back may have a chance if it has the wherewithal to fight and if it has good arguments However, this does not mean that the SEC is done with them and we may very well see this case continue. **Won’t media coverage of this case ultimately impair Blockvest’s ability to raise funds — its ultimate goal?** That may very well be the case. Unfortunately, unsophisticated investors could ultimately merely remember the Blockvest name and decide that it must be a good investment since they’ve heard of it (ala PT Barnum – “I don’t care what the newspapers say about me as long as they spell my name right.”). But I may be too cynical (hopefully I am). In any case, I would be surprised if Blockvest attempts to pursue an ICO without either registering the tokens or utilizing an exemption from the registration requirements. They clearly have a target on their back, so the SEC would love another crack at them I’m sure. Plus, even though a preliminary injunction was denied here, the SEC still got what it wanted as Blockvest agreed not to pursue the ICO without giving the SEC 30 days’ prior notice of its intent to do so. So, the investing public was ultimately protected. **What is the SEC’s current stance on what constitutes a security based on this case?** The SEC will still point to the Howey Test Further, as stated in recent speeches by Hinman and others, the SEC seems to be focused not only on the utility of any tokens (i.e., they can be used on the platform for which they were created), but also on decentralization (that the efforts of the promoters are no longer required to maintain the value/utility of the tokens/platform). However, the court in this case looked at the investment of money prong differently than has historically been the case Normally, the investment of money prong is assumed with little analysis as any consideration is considered “money” for purposes of the test But this case looked at the investment not from the purchaser’s subjective intent when committing funds, but instead based the analysis on what was offered to prospective purchasers and what information they relied on So, issuers are well advised to be very careful in how they advertise an offering. Further, the expectation of profits prong wasn’t met because, according to Blockvest, these were just test investors So, it wasn’t clear these folks invested for a profit The tokens were never even used or sold outside the platform. **Where does the Ninth Circuit sit in regards to what is a security?** The Ninth Circuit follows the Howey Test. However, the common enterprise element has received extensive and varied analysis in the federal circuit courts For example, while all circuits accept “horizontal” commonality as satisfying the common enterprise prong of the Howey Test, a minority of circuits (including the ninth) also accept “vertical” commonality in this analysis. Horizontal commonality involves the pooling of assets, profits and risks in a unitary enterprise, while vertical commonality requires that profits of investors be “interwoven with and dependent upon the efforts and success of those seeking the investment or of third parties” (narrow verticality), or “that the well-being of all investors be dependent upon the promoter’s expertise” (broad commonality). SEC v. SG Ltd., 265 F.3d 42, 49 (1st Cir. 2001). The Ninth Circuit is the only one to accept the narrow vertical approach (though it also accepts horizontal commonality), which finds a common enterprise if there is a correlation between the fortunes of an investor and a promoter.” Sec. & Exch. Comm’n v. Eurobond Exchange, Ltd., 13 F.3d 1334, 1339 (9th Cir., 1994). Under this approach a common enterprise is a venture “in which the ‘fortunes of the investor are interwoven with and dependent upon the efforts and success of those seeking the investment….'” Investors’ funds need not be pooled; rather the fortunes of the investors must be linked with those of the promoters, which suffices to establish vertical commonality. So, a common enterprise exists if a direct correlation has been established between success or failure of the promoter’s efforts and success or failure of the investment. **Which Federal Circuits might offer an equal or even bigger split with the SEC?** I wouldn’t really say that any courts split with the SEC as the SEC’s decisions take precedent over any decisions of those courts. However, there is a split among the circuits as described above with respect to what type of commonality is sufficient to find a common enterprise. **What impact could the outcome of this case have on ICOs at large?** This case may embolden companies who have already conducted ICOs to push back on any SEC actions that they might not otherwise fight as it shows that the SEC will always have to meet the burden of proving all factors of the Howey Test are met before the SEC has jurisdiction over the offering in the first place. **Has the Supreme Court addressed anything crypto, crypto related, or analogous?** The only case I know of where the Supreme court has addressed crypto currencies is Wisconsin Central Ltd. v. United States. That was a case about whether stock counts as “money remuneration” The dissent in that case talked about how our concept of money has changed over time and said that perhaps “one day employees will be paid in bitcoin or some other type of cryptocurrency.” This goes against the IRS’s position that cryptocurrencies are property and should be taxed as such But, it was just a passing comment in the dissent. So, it has no precedential value. But, it may embolden someone to fight the IRS’s position.

The recent Bitcoin price rally has reignited investor interest and market momentum. Surpassing key resistance levels and hitting a historic all-time high (ATH), the Bitcoin price resurgence is driving a renewed focus on the flagship crypto asset and sparking enthusiasm for the general altcoin market. A particular altcoin, PCHAIN, has captured significant attention, with analysts and investors predicting it could surpass $2 by January 1, 2025. This rising star is becoming a hot topic in crypto communities, spurred by the growing fear of missing out (FOMO) as its value trajectory aligns with broader market optimism. As the Bitcoin price continues to dominate headlines, this altcoin’s potential hinges on its unique use case, robust community backing, and strategic partnerships, which set it apart in an increasingly competitive market. Investors are monitoring its upward trend, fueled by bullish sentiment and the projected 18,081.8% rally by January 1, 2025. With many analysts predicting further exponential growth, this altcoin appears poised to capitalize on the momentum of the Bitcoin price. This makes it a promising contender for investors seeking low-risk, high-reward investments and high returns in the ever-evolving crypto market. ## The Influence of the Bitcoin Price Rally on the Market The Bitcoin price movement remains the cornerstone of the crypto market, often setting the tone for broader market sentiment. The BTC’s recent rally, which saw it break the $103,679 mark, fueled by institutional interest, declining inflation, and hopes of regulatory clarity in the United States, has sent shockwaves through the industry. As the Bitcoin price surged, trading volumes rose, and investor confidence returned after a prolonged bear market. Historically, a BTC rally tends to act as a catalyst for the altcoin market. Altcoins, which refer to crypto assets other than BTC, often experience heightened activity as traders seek opportunities to maximize returns. ## The Altcoin Stealing the Show as Bitcoin Price Rises The altcoin in question, PCHAIN, is often called a “hidden gem” by market analysts Its unique value proposition and growing adoption in the real-world asset tokenization market have positioned it as a strong contender in the crypto space. PCHAIN’s parent project, PropiChain, is a blockchain-powered real estate platform poised to utilize cutting-edge technologies to power the future of the $600 trillion global real estate market. Currently priced at $0.011 for its ongoing second round of presale, top market analysts are projecting a massive 18,081.8% price rally to over $2 by January 1, 2025, for this altcoin. While the recent Bitcoin price rally has contributed to the FOMO for this PCHAIN RWA token, analysts attribute its potential to surpass $2 by early 2025 to several factors, including increased utility, strategic partnerships, expanding user base, and growing global demand. ## Factors Behind the $2 Prediction for PCHAIN Amid the Bitcoin Price Surge While other crypto tokens solely rely on the upward momentum of the Bitcoin price to make significant moves in the market, PCHAIN’s solid fundamentals are the key factors driving its price surge to $2. * Increased Token Utility As PropiChain’s utility token, PCHAIN offers real estate investors early access to the future of the $600 trillion global real estate market. PCHAIN also serves as an RWA token, bridging the gap between the real estate market and the blockchain. With an increased utility comes increased demand, which further translates to an increase in price for the token. * Growing Market Demand The RWA tokenization market is projected to grow to a staggering $16 trillion, with real estate the biggest beneficiary. As an RWA altcoin, investors understand that the token is positioned to enjoy the first-mover advantage in real estate tokenization, which will undoubtedly drive its value. * PCHAIN’s Underlying Technology PropiChain’s cutting-edge technology addresses critical pain points in the $600 trillion real estate market. By offering a more efficient and user-friendly real estate investment platform, the altcoin has positioned itself as a viable investment opportunity for real estate investors seeking high-profit potential assets. ## PropiChain Set To Power the Future of Real Estate PropiChain uses four cutting-edge technological innovations, such as the Metaverse, AI, smart contracts, and RWA tokenization, to reshape the real estate investment landscape. With its integration of the Metaverse, the platform revolutionizes how users engage with real estate properties by providing immersive virtual experiences. Through state-of-the-art 3D technology, potential buyers can explore properties from anywhere worldwide, effectively removing geographical barriers. The Metaverse also serves as a global marketplace, fostering real-time interactions between property buyers and sellers in an engaging digital environment. PropiChain offers round-the-clock support to assist investors in their real estate investment journey by using AI-powered virtual assistants and chatbots. This personalized guidance ensures a seamless and efficient investment experience, simplifying processes for both new and experienced investors. Additionally, a standout feature of PropiChain is its advanced AI-driven predictive market analysis. This technology provides investors with actionable insights into emerging market trends within the real estate sector. The AI tool analyzes market patterns and future developments and helps investors strategize for emerging opportunities In addition, PropiChain integrates smart contracts to help property owners automate critical property management tasks, such as lease agreements and renewals. This feature eliminates inefficiencies and reduces reliance on intermediaries like brokers and leasing agents. Another groundbreaking feature of this revolutionary platform is its use of Real World Asset (RWA) tokenization. This technology transforms real estate properties into digital tokens, allowing fractional ownership. PropiChain allows investors with limited capital to acquire portions of high-value real estate assets by breaking down traditional financial barriers. This democratized approach to property investment is reshaping the real estate sector, making it more inclusive and accessible. ## Conclusion The recent Bitcoin price rally has reaffirmed its dominance and paved the way for other crypto tokens to shine. With its projected 18,081.8% price rally by January 1, 2025, your $1000 investment in the ongoing PCHAIN presale at $0.011 would be worth approximately $181,818. Join the presale now to enjoy massive gains. At the end of this second presale round, the token price will increase by over 109% for the final round. Join now to avoid buying the token at an increased $0.023, potentially impacting your profit margin. BlockAudit, a leading blockchain security firm, has audited the project’s smart contract and found zero vulnerabilities. PCHAIN is listed on CoinMarketCap, increasing the token’s visibility and accessibility to potential investors. **For more information about PropiChain presale:** Website: PropiChain Join Community:

Wu Shuo has learned that Adam Back, the founder of Blockstream, tweeted that the main purpose of implementing post-quantum signatures such as Winternitz in BTC is to eliminate quantum fear among traders, believing that post-quantum signatures may not be relevant in the next ten years or even more. The comment section also mentioned the migration process, including activating the new algorithm, disabling the old algorithm, creating a new secret key, and transferring funds from the old ADDRESS to the new ADDRESS. At the same time, it was suggested what would happen if someone did not complete the third step before entering the post-quantum era. Adam Back said that even if the upgraded signature upgrade is implemented, there is plenty of time to complete the migration. The progress of the quantum computer is very, very slow, with a difference of 5 orders of magnitude. The discussion also touched on whether Satoshi Nakamoto could handle it in time and the situation of those who did not transfer funds due to lost SECRET KEY, which may change the total supply of Bitcoin.

CoinVoice has learned from Decrypt that the US Securities and Exchange Commission (SEC) received a record $8.2 billion in fines for the 2024 fiscal year, with more than half ($45 billion) coming from fines against Terraform Labs and its founder Do Kwon. Without this settlement, SEC's finances would reach their lowest level since 2013, at $37.2 billion.

CoinVoice ha sabido recientemente que, según la supervisión de @ai\_9684xtpa, un Smart Money compró 5 SOL (aproximadamente 1294 dólares) inmediatamente después de que Musk mencionara 'WOULD', y ahora ha obtenido ganancias acumulativas de 220,000 dólares, con un rendimiento de inversión del

En las noticias de TechFlow de ShenChao, el 24 de noviembre, Musk publicó una imagen de MEME "WOULD" en la plataforma X y dijo que le gustaba, "Me encanta este meme". Como resultado de esta noticia, el token del mismo nombre creado hace 123 días tuvo un gran aumento temporal de más de 700 veces, con una capitalización de mercado provisional de 6 millones de dólares. Nota: MEME

CoinVoice ha sabido recientemente que Musk publicó una foto en sus redes sociales diciendo que le gusta el meme de WOULD. Como resultado de esta última noticia, la moneda meme con el mismo nombre experimentó un breve aumento en su valor. Según los datos de GMGN, la moneda meme con el mismo nombre, que se creó hace 123 días, experimentó un aumento de más de 700 veces en su valor, y la capitalización de mercado actual es de 7.67 millones de dólares. Nota: Meme

Michael Saylor, the founder of Bitcoin, dismisses the possibility of BTC retracing to $60,000 and believes that BTC will pump from its current price level. He also states that it would be 'surprising' if BTC doesn't break $100,000 before 2025, and he expects BTC to reach $100,000 in November or December. Saylor believes that whoever becomes the Chairman of the U.S. SEC will play a 'critical role' in the cryptocurrency industry, providing more support for digital assets and encryption. He refers to the U.S. BTC Strategic Reserve Act as the 'greatest transaction of the 21st century'.

Trump promised at the BTC2024 conference that if elected, BTC and Criptomoneda would soar. With Trump's victory, BTC reached a historical high, with the price of moneda stable rising to over $75,000. Trump declared that he wants the United States to become a superpower in BTC and to use BTC as the country's federal reserve. Moneda stable USDT is widely circulated globally but has concerns. The value of BTC as an inflation hedge asset will gradually become apparent, and a long-term rise is expected to occur in 2025/2026. It is believed that there will not be significant price changes after Trump's victory.

Superscrypt, a Bloquear chain venture capital company supported by Temasek Holdings, the sovereign wealth fund of Singapore, is planning to raise over $100 million for its second venture capital fund, with Temasek as the main investor and partner. This move shows that Temasek is returning to Criptomoneda and Bloquear chain venture capital. The current fundraising process is still ongoing, and the final amount raised may vary. Temasek, who previously stated that they would not touch Criptomoneda again after the FTX case in 2022, is now rumored to be planning a return to Criptomoneda and Bloquear chain venture capital.