A trader sold 59 million FARTCOIN at a loss, missing out on over $18.4 million in profits

Odaily Planet Daily News: Coinbase CEO Brian Armstrong stated in an article on X that the US Department of Efficiency (DOGE) is a once-in-a-lifetime opportunity to increase economic freedom in the United States and restore the health of the government. The founding fathers were geniuses, but they may have overlooked the unfavorable incentives for the expansion of democratic governments over time (by promising more free things to win elections). To prove this in the future, we may need a constitutional amendment to limit total government spending (such as 10%), or find a way to coordinate incentive measures (Buffett once proposed that an unbalanced budget would disqualify all members of Congress who voted for it from re-election). Ideally, you should have a way to temporarily control expenses (such as during times of war), but still have appropriate incentives to prevent expenses from completely spiraling out of control in the long run. An example is the US sovereign wealth fund, where every citizen has a share (perhaps people can buy more) and any budget surplus pays dividends. Then every citizen will participate, and perhaps Congress will receive a slightly larger share. What are the best ideas to align incentive measures with long-term fiscal discipline

Odaily Planet Daily News: In an interview with FOX Business, Ripple CEO Brad Garlinghouse said, "I am very excited about the development of cryptocurrency after Trump's victory. It is not surprising that in just a few days after Election Day, American companies and technology related assets have performed the best. The market value of the cryptocurrency market has skyrocketed from $2.2 trillion to $3 trillion, and the release of $800 billion is mainly stimulated by potential favorable policies, which is completely different from the high-pressure regulation of the cryptocurrency industry by SEC Chairman Gary Gensler before In addition, FOX Business reporter Liz Claman indirectly confirmed from her mouth that he had met with Trump and exchanged information on cryptocurrency related topics. Subsequently, he posted on X platform expressing his optimistic outlook for the future of cryptocurrency: "The market has responded to Trump's victory - he brings cryptocurrency back to the United States (making cryptocurrency great again? MCGA!) The incoming Congress will ensure that American innovation receives the regulatory clarity it deserves

Odaily Planet Daily News: DEXX posted to hackers on X, stating: "We have received strong support from security agencies, partners, and exchanges to recover stolen tokens. We are also monitoring your address to freeze stolen funds in a timely manner. Please resolve this incident within the next 24 hours, otherwise we will take further action. We require you to send it via email team@dexx.ai Contact us and return the stolen funds. To express our gratitude, we will provide you with generous vulnerability bounty and tokens as rewards. Once you return the funds, we will immediately destroy all information we currently have about the hacker attack. We will also cease all subsequent tracking and analysis. You will no longer be held responsible. However, if you do not cooperate, we will continue to cooperate with local police, security agencies, and exchanges to investigate and take enforcement actions to protect user assets, no matter how long it takes

Odaily Planet Daily News: Certain class action lawsuits against Ripple and its CEO Brad Garlinghouse are entering the final judgment stage, which may contribute to its ongoing lawsuit against the US SEC. On Thursday, Judge Phyllis Hamilton approved the final verdict on the resolved class action lawsuit and ordered the suspension of the remaining unresolved lawsuits. This decision shortened the duration of the class action lawsuit and paved the way for the trial to begin on January 21, 2025. The plaintiffs in the class action lawsuit argue that Ripple violated federal and California securities laws by selling XRP without registration between 2017 and 2023. Analysis suggests that the final verdict in this case may have a ripple effect on similar lawsuits filed by the SEC in 2020. Specifically, a favorable ruling for Ripple could greatly assist it in combating SEC allegations of violating federal securities laws.

Odaily Planet Daily News The Department of Government Efficiency (DOGE) of the United States issued a document in X saying: "In 1955, the United States tax law was less than 1.5 million words. Today, the number of words in the code has exceeded 16 million words. Because of this complexity, Americans spend a total of 6.5 billion hours every year preparing and filing taxes. This urgently needs to be simplified."