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Hennessy prepares to bottle in China to avoid Beijing's tariff sanctions, triggering French worker strikes

Hennessy is considering shipping brandy to China for bottling in response to high tariffs in Beijing, but workers are facing livelihood problems and going on strike as a result. The company will first ship 1000 liters of cognac brandy samples to China to test stability. If successful, it will relocate the entire bottling line and prepare to meet the brandy demand in the future Chinese market. Other cognac brands are also severely affected by Beijing's new tariff policy. The article points out that the chain reaction caused by anti-dumping policies in the consumer goods market could lead to global price increases and economic instability.
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Internet celebrity Logan Paul hyped meme coins and Non-fungible Token card games, leaving players penniless seeking compensation of 420 million euros.

American influencer Logan Paul has been criticized by the public for actively promoting a variety of high-risk meme coins and the Non-fungible Token card game CryptoZoo, using the trust of his fans to drive up coin prices for profit. Over 130 investors have even filed a joint lawsuit claiming approximately 4.2 million dollars in damages. It was discovered that Paul's meme coin promotion involved 'buy low and sell high' tactics, resulting in profits of up to 120,000 dollars. Meanwhile, CryptoZoo turned out to be a scam, leaving many players empty-handed. Although Paul has proposed a compensation plan, players are required to waive their right to sue and he has filed lawsuits against influencers who criticized him, citing defamation.
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Reserving BTC to repay US debt, think tank experts: Overthinking

US Republican Senator Cynthia Lummis and MicroStrategy founder Michael Saylor have proposed a plan to establish a "BTC reserve" to address the US's massive debt problem. However, experts at a recent blockchain summit have indicated that while a BTC reserve may stabilize the bond market, it cannot solve fundamental issues in the US. Experts believe that "budget reform" is still needed to truly address the problem. The plan to store BTC in the US remains to be seen in terms of its actual implementation.
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Sun Yuchen's sky-high bid for "Comediatan," willing to borrow Musk to take adhesive bananas to Mars

Tron founder Justin Sun purchased the artwork "Comedian" by Italian artist Maurizio Cattelan for $6.2 million. The artwork consists of a piece of tape and a banana. Sun is considering paying with Tron cryptocurrency and plans to display the artwork in his Hong Kong apartment. Since its debut at the Art Basel Miami Beach in 2019, the artwork has caused a sensation and become a meme. It is currently owned by a private collector.
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All in All in 🙌

FTX CTO Gary Wang actively cooperated and received a three-year suspended sentence for developing programs to assist the government in combating fraud.

FTX founder Gary Wang was charged with four counts, including conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud and conspiracy to commit securities fraud, due to the collapse of FTX. However, he fully cooperated with the prosecution in the investigation and was ultimately sentenced to three years probation only, and ordered to surrender $11 billion. In court, Wang publicly expressed remorse and apologized to FTX's customers and investors. He also used his programming skills to help the government develop tools for detecting potential fraud in the stock and cryptocurrency markets. Currently, other high-level FTX executives have also been sentenced, with only the former engineering supervisor receiving probation due to his good cooperation attitude.
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New Commerce Secretary Howard Lutnick: Once endorsed Tether, optimistic about the development of Stable Coin and RWA

Trump appointed Howard Lutnick from the Financial Service company Cantor Fitzgerald as the Secretary of Commerce. Lutnick is also the custodian of the Stable Coin Tether and has endorsed its asset reserves. He also holds a positive attitude towards Stable Coin and the development of real-world assets in the next decade. Lutnick will be responsible for USDT chip factory subsidies, trade restrictions, and tariffs. However, his trade representative's office is not under the jurisdiction of the Department of Commerce, but is an independent agency that reports directly to the President of the United States. Bloomberg expects him to pursue an economic agenda with populism and to implement policies centered on tariffs.
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Super crazy Micro-strategy convertible bonds without interest, volume surpasses Nvidia to become the largest stock in the US

BTC development company MicroStrategy announced the issuance of $2.6 billion in 0% convertible preferred notes, with a conversion premium of up to 55%. With the rise of BTC, MicroStrategy's stock has become the largest volume stock in the United States, with a 591% rise in stock price in 2021, outperforming BTC. MicroStrategy has announced the "21/21 Plan," which aims to raise $42 billion in the next three years, including $21 billion in fixed-income securities to support its acquisition of BTC as part of its treasury reserve strategy.
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Nvidia's financial report exceeds expectations, MicroStrategy issues bonds again, BTC hits a new high of 94K

This article reports that Nvidia's financial report exceeded market expectations, and the demand for AI remains strong, but Nvidia's stock price fell 1% after hours. MicroStrategy once again spent $4.6 billion to buy BTC, with a total holding of over 330,000 coins, accounting for 1.5% of the total global BTC supply. BTC reached a high of $94,831 last night, setting a new record. In addition, the article also mentioned the continued weakness of Ether, and introduced the importance of Ethereum Devcon SEA and marketing for the popularization of blockchain technology.
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Dr. Adam Back, a cryptographer, appeared in the Legislative Yuan to discuss the development of BTC Layer 2 and Liquid Network.

Cryptographer Adam Back gave a keynote speech at the Legislative Yuan, introducing the Liquid Network and sharing projects implemented on the Liquid Network, such as MIFIEL, JPYS, and CSMSTR. He also mentioned that the Liquid Network and Lightning Network complement each other in terms of use cases, rather than competing with each other. Dr. Back believes that the Liquid Network provides core functionalities for fast and private transfer of large amounts of BTC or other tokens in financial transactions, and supports the TradFi framework and regulations, providing infrastructure and services for tokenization of assets.
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AI Token internal strife: ai16z two Eliza case-sensitive Tokens sparked community controversy, users angrily criticized 'rat trading'

ai16z's two Tokens, named Eliza, have caused internal turmoil and community controversy. The lowercase version, eliza Token, experienced a big dump in price after the launch of the new Token, ELIZA, sparking community suspicions of ai16z's internal transaction. The founder of ai16z, Shaw, has faced criticism for inappropriate remarks, but he has publicly stated that he will airdrop compensation to those holding the first Token, eliza, and attempt to restore community trust. However, the community still criticizes ai16z for establishing Tokenrat trading.
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The majority party in South Korea is pushing for the encryption tax law to be implemented next year. Why is the Democratic Party's revised version more favorable for coin speculation?

South Korea's largest opposition party, the Democratic Party, will promote the implementation of the Cryptocurrency Tax Law and increase the tax deduction for Cryptocurrency to 50 million Korean won. If the annual income exceeds 2.5 million Korean won, a tax rate of 20% will apply. The amendment also adds a provision that if it is difficult to confirm the actual cost price, a certain proportion of the transaction amount can be used as a substitute. The Democratic Party believes that expanding the deduction is equivalent to canceling the tax, because investors with annual income exceeding 50 million Korean won are few and the tax effect is minimal. The issue of Cryptocurrency taxation has become a battleground for political maneuvering between the two parties.
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BlackRock BTC ETF Options drive to a new high of 94K, Grayscale follows up while it's hot

Grayscale Investments plans to launch BTCETF options, following the successful launch of BlackRockBTCETF options, the market's interest in encryption assets continues to grow. Grayscale's plan will cover GBTC and BTC, and use BTC or GBTC as collateral to generate income. After the approval of BTCETF options by the Options Clearing Corporation (OCC) in the United States, Grayscale quickly followed up with the launch of options products. The market is optimistic about this move, and it achieved good trading performance on the first day of its launch. In addition, the BTC price has broken through the historical new high of $94,041, bringing more innovative products to the market.
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ETH lacks promotion and stagnates? Web3 expert Kristel: Marketing is the key to popularization, not choice

As an important pillar in the blockchain field, the marketing demand for Ether has been increasingly discussed. Kristel, a member of the Web3 branding company, pointed out that marketing is not only an important means to promote technology adoption, but also a key to shaping culture and values. Kristel countered the argument that L2 can replace Ether in marketing strategies. She emphasized that marketing should focus on shaping and reflecting community culture, and has played a crucial role in promoting Ether.
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The founder of MicroStrategy will pitch the BTC investment plan to Microsoft. The Microsoft board will make a decision on 12/10.

MicroStrategy founder Michael Saylor will give a presentation to the Microsoft board of directors, advocating for the company to consider investing in BTC. Microsoft announced that it will evaluate whether the company should invest in BTC and will vote on December 10. MicroStrategy's BTC strategy provides a reference for this proposal. Saylor believes that large companies with substantial cash reserves should include BTC investments on their agenda, as BTC can provide a more stable foundation. The Microsoft board has recommended voting against it, but NCPPR believes that the evaluation may force Microsoft to take a clear stance on BTC, thereby influencing other companies.
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Brazil's Central Bank digital currency Drex two-stage pilot launched, jointly promoting automated trade Settlement with Microsoft and chainlink

The Central Bank of Brazil has officially launched the second phase of the DrexCentral Bank digital currency pilot program, focusing on cross-border trade of agricultural products and supply chain automation to improve global trade finance efficiency. The program brings together technology and financial institutions such as Microsoft, Chainlink, Banco Inter, and 7Comm, with the goal of improving global trade finance efficiency through blockchain technology and introducing tokenization of electronic bills of lading (eBOL). It also aims to validate mechanisms such as Delivery versus Payment (DvP) and Payment versus Payment (PvP) to optimize supply chain payment processes. This trend reflects Brazil's gradual promotion of DeFi applications and has significant future potential.
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The Russian government has approved a Cryptocurrency Taxation Bill that exempts value-added tax and treats exchange as part of securities income.

The Russian Ministry of Finance has approved a draft law on taxation of encryption currency transactions and mining, which has many highlights. The draft law clarifies that encryption currency is a form of property and that value-added tax is not required for encryption currency transactions. In addition, income from encryption currency transactions and securities income will be calculated in the same tax base, and the highest personal income tax rate will not exceed 15%. The draft law also requires metallurgical companies to submit personal information reports related to their infrastructure to ensure compliance in the mining industry.
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