As President-elect Donald Trump prepares to take office on January 20, 2025, the cryptocurrency industry is eagerly awaiting his promised crypto policy overhaul. Industry insiders are hoping Trump will use his first day in office to issue a series of executive orders that would dramatically reshape the regulatory landscape for cryptocurrencies. These orders could lay the groundwork for a new era of crypto regulations, including measures to mainstream digital currencies like Bitcoin (BTC).

The Push for Crypto Regulations Reform

During his campaign, Trump made bold promises to become the “crypto president,” signaling his intent to foster growth within the cryptocurrency industry. As the US crypto industry faces regulatory uncertainty under the Biden administration, the push for reform has grown louder. Companies and stakeholders are now urging Trump to deliver on his campaign promise by signing executive orders that would introduce key changes to the industry’s structure.

The primary goals are clear: creating a national Bitcoin stockpile, providing easier access to banking for crypto companies, and establishing a dedicated crypto council to ensure smooth industry operations. These initiatives, if realized, would serve as a foundational shift in how cryptocurrencies are integrated into the broader financial ecosystem.

Bitcoin Stockpile and Banking Access

Among the most anticipated changes is Trump’s proposed Bitcoin stockpile. The idea of creating a strategic reserve of Bitcoin has been gaining traction, with industry groups like the Bitcoin Policy Institute drafting a potential executive order to make this a reality. The draft order suggests that Bitcoin should be designated as a strategic asset, with the Treasury Secretary tasked with purchasing $21 billion worth of Bitcoin over a year to build a national reserve.

This move would position the United States as a global leader in the cryptocurrency space, countering the rise of rival nations like China and Russia, which have also been exploring state-backed crypto reserves. According to Zack Shapiro, the Bitcoin Policy Institute’s head of policy, this initiative would ensure the US is well-positioned to capitalize on Bitcoin’s potential without falling behind its geopolitical competitors.

Additionally, many crypto companies have long struggled to gain access to banking services due to regulatory concerns. Trump’s campaign rhetoric suggested he would take action to address these challenges. Crypto executives are hopeful that one of the first executive orders will ease restrictions on banks, allowing them to work with crypto firms more freely. While some experts warn that an executive order may not immediately change federal bank regulators’ stance, it would provide important political cover for banks considering partnerships with crypto companies.

Creation of a Crypto Industry Council

Another major expectation from the crypto industry is the creation of a crypto council. Similar to past administrations’ creation of specialized councils for specific industries, this council would focus on issues related to cryptocurrency, helping shape regulatory frameworks and streamline industry development. The council would provide a platform for stakeholders to collaborate with the government on the future of crypto regulations.

In his efforts to modernize the financial system, Trump may look to implement an executive order that revisits and redefines existing crypto regulations. According to financial expert Jonah Krane, it is possible that Trump will issue a directive urging agencies to review and update their rules to better suit the rapidly evolving crypto industry. This move would provide a clearer regulatory environment for crypto firms to operate in, potentially fostering greater innovation and investment.

Expectations for Trump’s Crypto Regulations

The cryptocurrency industry is optimistic about the potential for regulatory changes under a Trump administration. However, some executives caution that immediate, sweeping changes may be unlikely, as many regulations are shaped by independent agencies. Nevertheless, Trump’s administration could provide essential direction on crypto regulations and offer a roadmap for future legislative efforts.

In the coming months, the crypto community will be closely watching as President Trump takes office and begins to fulfill his promises of becoming a champion for digital currencies. The anticipation surrounding potential executive orders on day one is high, and many within the industry hope that Trump will make good on his campaign commitment to position the US as a leader in the global crypto space.

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DUBAI, UAE, Dec. 20, 2024 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.

For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.

For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.

“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,”  said Joan Han, Sales and Marketing Director at Bybit.

The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:

• Up to 10% cashback in USDT, BTC and ETH on eligible purchases
• Zero fees for instant virtual card issuance
• Zero annual or hidden fees
• Up to 8% APY

Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!

#Bybit / #TheCryptoArk #theBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SOURCE Bybit

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Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025

WILMINGTON, Del., Dec. 20, 2024 /CNW/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.

The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6? site.

“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”

Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

Media Contact

BlocksBridge Consulting
compass@blocksbridge.com 

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SOURCE Compass Mining

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BEIJING, Dec. 20, 2024 /PRNewswire/ — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, announced today that the Company has signed an investment intention agreement (the “Agreement”) with its Canadian partner, NOWLIT Solutions Corp. (“Nowlit”), a prominent energy technology company focused on developing energy solutions and data center infrastructure in Canada, to provide green energy data center and cryptocurrency computing power. This initiative aligns strategically with AGM Holdings’ long-term expansion plan in the rapidly evolving artificial intelligence and data center market in North America.

Pursuant to the Agreement, Nowlit plans to contribute its existing 50 megawatts (MW) data center assets to AGM Energy Corp. (“AGM Energy” or the “JV”), the Canadian joint venture co-founded by AGM Holdings and Nowlit. Led by Nowlit’s founder, Mr. Ma, the JV is set to expand its capacity significantly. The initial 50MW contribution will enable the data center to host over 6,800 high-performance computing servers, providing an estimated computing power of 2,457 petahashes (P).

AGM Energy aims to develop additional data centers in Canada incrementally over the next two years, adding an average of 20MW per month, with a total projected capacity of 375MW. Additionally, the JV aims to leverage upstream and downstream industry partnerships to enhance computing power. The total computing power capacity of these data centers is expected to reach 18,427P within two years.

This significant milestone underscores AGM Holdings’ commitment to strengthening its market presence in the fast-growing data center sector. By capitalizing on the increasing demand for digital assets and leveraging its expertise in hardware and software solutions, the Company is well-positioned to capture emerging opportunities brought forward by the latest artificial intelligence technology revolution, driving sustainable growth and value creation for its stakeholders.

About NOWLIT Solutions Corp.

Established in 2013, NOWLIT Solutions Corp. is a high performance computing and data center supplier based in Canada. It offers complete solution including all hardware, hosting and initial setup for new and experienced servers. It is also committed to supporting the blockchain ecosystem by offering hardware, software and a variety of solutions and services. It has invested in large-scale oil and gas fields and is involved in the construction and operation of informatization infrastructure such as third-party data center machine rooms and bitcoin mining farms. For more information, please visit https://nowlit.com/.

About AGM Group Holdings Inc.

AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

AGM Group Holdings Inc.
Email: ir@agmprime.com 
Website: http://www.agmprime.com

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

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SOURCE AGM Group Holdings Inc.

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The world of cryptocurrency is no stranger to rapid innovation, and a new player is making waves: the CYBRO token. With its explosive debut and AI-driven DeFi ecosystem, CYBRO could challenge Ethereum’s (ETH) dominance in decentralized finance (DeFi) and beyond. Let’s dive into why this low-cap token is drawing attention from investors and blockchain enthusiasts alike.

CYBRO’s Meteoric Rise: Post-Listing Surge

The CYBRO token gained 260% within 24 hours of its listings on Gate.io and MEXC, climbing from $0.06 to $0.16. Trading volume soared to $15 million at its peak, underpinned by solid fundamentals and strong presale interest. Before its public debut, CYBRO raised $7 million during its presale, attracting nearly 20,000 early investors.

Even after this impressive rally, CYBRO remains a low-priced token with substantial growth potential. Analysts suggest it could climb another 500-600% in the medium term or, under ideal conditions, achieve a staggering 1100% surge.

What Sets CYBRO Apart?

CYBRO operates as a multichain DeFi platform on the Blast blockchain, integrating artificial intelligence to enhance user earnings and simplify decentralized investing. Here’s what makes CYBRO unique:

Staking Rewards: CYBRO holders can earn passive income by locking their tokens.

Airdrops and Bonuses: Cashback and loyalty rewards incentivize community engagement.

Governance Opportunities: Holders with just 100 CYBRO tokens can join the CYBRO DAO, contributing to key decision-making processes.

Fee Savings: CYBRO users benefit from reduced transaction fees.

Future updates, including expanded AI-driven strategies and additional vaults, are set to further optimize DeFi investing. The CYBRO team’s ambitious roadmap, coupled with its promising performance, positions the token as a major player in the crypto market.

Ethereum’s Established Ecosystem

Ethereum (ETH), the second-largest cryptocurrency by market cap, remains a cornerstone of the blockchain world. Operating on a Proof-of-Stake (PoS) consensus mechanism, Ethereum powers an expansive decentralized application (dApp) ecosystem.

Key features of Ethereum include:

Smart Contracts: A framework for building decentralized finance platforms, gaming applications, and NFTs.

Layer 2 Solutions: Enhancements like Polygon (MATIC) and Arbitrum improve scalability and reduce transaction costs.

ERC-20 Token Standard: Widely adopted for creating utility and governance tokens.

While Ethereum has been pivotal in blockchain innovation, its scalability challenges and high transaction fees have opened the door for competitors like CYBRO to carve out market share.

Why CYBRO Could Surpass Ethereum

The 2024 bull run is reigniting interest in cryptocurrencies, but established assets like Ethereum may offer less dramatic short-term growth compared to emerging tokens like CYBRO. With its advanced AI-powered DeFi tools and user-focused features, CYBRO is gaining traction among retail investors and crypto whales alike.

Key factors driving CYBRO’s potential include:

AI Integration: Automated yield aggregation maximizes investor returns.

User Rewards: Unique staking and airdrop programs enhance the token’s appeal.

Transparency and Compliance: CYBRO prioritizes quality and regulatory adherence, crucial in an evolving market landscape.

CYBRO’s ability to address investor needs while scaling efficiently positions it as a formidable competitor to Ethereum in the coming years.

Conclusion

The CYBRO token represents the next wave of blockchain innovation, combining AI technology with a robust DeFi ecosystem. Its rapid post-listing growth and ambitious development roadmap suggest it could be a game-changer in the crypto space.

As the market evolves, CYBRO’s rise underscores the shifting dynamics in decentralized finance. While Ethereum remains a dominant force, the emergence of tokens like CYBRO highlights the growing opportunities for innovation and investment in blockchain technology.

Investors eyeing the next big project should keep CYBRO on their radar, as it continues to gain momentum and redefine what’s possible in the crypto market.

Investing early in projects like CYBRO could unlock significant gains, making it a compelling choice for forward-thinking crypto enthusiasts and investors worldwide.

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