Headlines
▌****BTC breaks through $98000
The market shows that BTC has broken through $98,000 and is now at $98,015.81, with a 24-hour increase of 0.41%. The market has a significant fluctuation, please manage the risk well.
▌Tether额外mint30 billion USDTStable Coin
Arkham Intelligence’s data shows that 20 billion USDT were minted on the ETH blockchain, and an additional 10 billion USDT were minted through consecutive transactions on the Tron network.
Since November 8, 2024, Tether has minted approximately $13 billion.
Market
As of the time of writing, according to Coingecko data:
The recent transaction price of BTC is $97,985.14, with a daily change of +0.0%.
ETH recent transaction price is $3,362.29, with a daily change of -1.3%.
BNB’s recent transaction price is $659.55, with a daily change of +1.1%.
SOL recently traded at $259.17, with a daily change of +1.1%.
DOGE recently traded at 0.4273 yuan, with a daily change of +9.2%;
The recent transaction price of XPR is $1.42, with an intraday change of -1.2%.
Policy
▌Coin Center Research Director: Investor protection and regulatory transparency could promote the development of the cryptocurrency industry
Coin Center research director Peter Van Valkenburgh expects that centralized markets and stablecoin issuance may see a clearer regulatory framework. This optimism stems from the possibility of a new government focusing on promoting innovation in Cryptocurrency TradFi applications.
At the same time, simplified investor protection and regulatory transparency may promote the development of the Crypto Assets industry. However, he emphasizes the need to remain vigilant to ensure that these measures do not unintentionally stifle the rights of developers and users in the Decentralization system.
▌French users are banned from accessing Polymarket prediction market
Polymarket has blocked French users and warned them not to attempt to bypass the block. According to a social media post, Polymarket has now included French users in the restricted user list. After the country’s gambling regulatory authority reportedly stated that it would ban prediction market in a few weeks, there were reports that French users can no longer access Polymarket. However, some French Polymarket users on social media platform X have stated that they are still accessing the prediction market through virtual private network (VPN) applications.
Block Chain Applications
▌The Times of London discusses whether pension funds should invest in BTC
According to Bitcoin News, a plan in the UK will allocate 3% of pension funds to Bitcoin. However, many people believe that Bitcoin’s volatility makes it unsuitable as a retirement fund, but there are also many people who believe that Bitcoin is “digital gold” and worth investing in.
Based on the above reasons, The Times published an article discussing whether pension funds should invest in BTC for discussion.
Cryptocurrency
▌****BTC ETF sets new record in Brazil
As the price of BTC approaches $100,000, the demand and price of BTC exchange-traded funds (ETFs) on the Brazilian securities exchange have surged. The first Cryptocurrency ETF, Hashdex, launched on B3, reached a record high with a net asset value of nearly $689 million. BITH11, an ETF offered by Hashdex with 100% BTC exposure, also hit a record high with a net asset value of nearly $259 million. Every Cryptocurrency ETF that includes BTC has reached a historical high, except for seven ETFs that focus on other areas of ETH and Cryptocurrency, such as Decentralization finance, Non-Fungible Tokens (NFTs), and Web3.
▌****Analyst: Long-term BTC holder showing increasingly greedy signs
According to encryption analyst Ali (@ali_charts) posted on platform X, the long-term BTCholder is showing signs of increasing greed, and historically, this behavior suggests that it can take 8-11 months for BTC to reach the peak of the market. If the trend continues, a potential peak could be seen between June and September 2025.
▌****The supply of WBTC on the ETH chain has decreased by 5,844 in a week
On November 16, the supply of WBTC on the Ethereum blockchain was 146,734. By November 24, this number had dropped to 140,890 WBTC, a decrease of 5,844. What’s even more interesting is that btcparser.com’s Ethereum transaction monitor marked a burn transaction of 5,182.34 WBTC. The operator of btcparser.com stated, ‘It is very rare to see such a large amount of WBTC circulating on the Ethereum blockchain. Interestingly, this time they seem to have been burned.’
▌SAND breaks through $0.8, with a 24-hour increase of 81.2%
The market shows that SAND has broken through $0.8 and is now priced at $0.7898, with a 24-hour increase of 81.2%. There is a significant fluctuation in the market, please manage the risk.
▌In the past 12 hours, a total of $317 million has been liquidated across the entire network, with the main liquidation being long positions**
The data shows that a total of 317 million US dollars have been liquidated on the entire network in the past 12 hours, including 227 million US dollars in long orders, 89.5236 million US dollars in short orders. 65.5598 million US dollars in BTC and 21.4753 million US dollars in ETH.
Important Economic Trends
▌**Real Vision founder: New Treasury Secretary Scott Bessent supports using a weak US dollar and low oil prices to promote the rise of the US and global economy.
Former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, wrote on social media, ‘The new Treasury Secretary, Scott Bessent, supports using a weak US dollar and low oil prices to drive the rise of the US and global economy. That’s all you need to know. It will boost the financial situation. Scott has your back. I’ve known him for over a decade, and he understands this.’
▌The probability of a 25 basis point rate cut by the Federal Reserve in December is 52.7%
According to CME’s ‘FedWatch’: the probability of the Fed maintaining the current Interest Rate unchanged by December is 47.3%, the probability of a cumulative rate cut of 25 basis points is 52.7%. The probability of maintaining the current Interest Rate unchanged by January next year is 37.2%, the probability of a cumulative rate cut of 25 basis points is 51.6%, and the probability of a cumulative rate cut of 50 basis points is 11.3%.
Golden Encyclopedia
▌What is Airdrop?
Airdrop is a Cryptocurrency that is like a surprise gift. Imagine opening a box and finding coins inside! This is similar to receiving announcements about free Tokens or Tokens from new blockchain projects. Airdrop involves distributing digital assets for free to users’ Wallets, or as an exchange for completing simple tasks, such as following projects on social media or joining their online communities.
Airdrops play a crucial role in the encryption ecosystem. New projects use Airdrops as a marketing strategy to increase awareness and build user communities. They are like free samples in supermarkets, attracting users to try new products. From the user’s perspective, Airdrops provide an opportunity to get new Cryptocurrency with minimal effort and potentially bring huge returns. These Tokens are not just free gifts, but also a way to participate in the constantly evolving digital economy.
