● XRP's market cap surpasses USDT, returning to third place in cryptocurrency market cap
According to Odaily Planet Daily, FOX Business reporter Eleanor Terrett stated that XRP's market cap has just surpassed USDT, becoming the third-largest cryptocurrency by market cap, returning to levels prior to the SEC/Ripple lawsuit.
● XRP price soars to new highs since 2021, analysts warn of leverage-driven risks
According to Cointelegraph, analysts warn that Ripple's XRP token may be experiencing a 'leverage-driven' surge, reaching its highest price since 2021.
CryptoQuant analyst Maarten Regterschot pointed out that XRP's open contracts have surged dramatically in the past 24 hours, warning that this sharp rise could lead to a quick sell-off.
PANews reports that according to Token Unlocks data, tokens like ADA and ENA will experience large unlocks this week, including:
Cardano (ADA): Approximately 18.53 million tokens will be unlocked at 8 AM on December 6, UTC+8, accounting for 0.05% of the current circulation, with a total value of about $19.8 million;
Ethena (ENA): Approximately 12.86 million tokens will be unlocked at 3 PM on December 4, UTC+8, accounting for 0.45% of the current circulation, with a total value of about $10.5 million;
Eigenlayer (EIGEN): Approximately 1.29 million tokens will be unlocked at 3 AM on December 4, UTC+8, accounting for 0.69% of the current circulation, with a total value of about $4.9 million;
Cetus Protocol (CETUS): Approximately 8.33 million tokens will be unlocked at 8 AM on December 6, UTC+8, accounting for 1.37% of the current circulation, with a total value of about $3.1 million.
● Multiple token unlocks and policy implementations in December draw attention
According to PANews, December will see multiple large token unlocks, policy implementations, and industry conferences: Large token unlocks: Various popular tokens, including Jito (JTO), Aptos (APT), and Sei (SEI), will be unlocked this month.
Policies and macro dynamics: The EU (MICA Act) will come into full effect in December, while the Federal Reserve's interest rate decision will also become a focus for global markets.
Innovative product launches: The Chicago Board Options Exchange (CBOE) will launch spot Bitcoin options products, and Magic Eden will also launch the token TGE. Industry events: Taipei Blockchain Week, etc.
● BTC sets historical record in November, with monthly increase exceeding 37%
According to Cointelegraph, BTC set a historical record in November, with a monthly increase of over 37%, closing at around $96,400, setting a new high for BTC/USD.
Economist Carl Menger stated that this is just the beginning of BTC's journey. Analyst Aksel Kibar also noted on X that the monthly relative strength index (RSI) shows bullish signals. Trading resource Material Indicators pointed out that not breaking through $100,000 is a positive sign, potentially indicating market strength and sustainability. Trader Skew believes that breaking through $98,500 is key for another attempt to break into six figures.
● Global Bitcoin ETFs hold approximately 1.2669 million Bitcoins, valued at $123 billion
According to BlockBeats, as monitored by HODL15Capital, as of November 30, 2024, the global Bitcoin ETF tracking currently has 45 funds holding a record 1,266,862 Bitcoins, valued at $12.3 billion.
According to Foresight News, Ethereum Foundation researcher Justin Drake stated that the Ethereum beacon chain was launched on December 1, 2020, initially staking 50 million ETH. The beacon chain is gradually becoming one of the most powerful foundations in blockchain history, expected to become the settlement layer of the value internet in the future. Although the beacon chain is not perfect, long-term upgrades are underway, including improvements in the review system and MEV handling. Future plans include reducing staking deposits, increasing finality speed, smart issuance, achieving smartwatch-level full-chain verification, and post-quantum security.
The data layer will achieve full sharding, and the execution layer will implement native Rollup. L1 improvements will increment annually, with some aspects like chain networking and post-quantum security possibly needing redesign. L2 solutions will provide significant performance improvements in a few months, including fast user experience, low fees, and unlimited throughput.
