📰 Blockchain Morning News - November 23, 2024 📷Exclusive interpretation of the latest developments in the cryptocurrency world, don’t miss it!
1. Market dynamics
🎯Bitcoin ($BTC): Bitcoin remains stable. The fact that it has not fallen has become a highlight of the market. In addition, the net inflow in a single week reached US$3.38 billion, setting a new historical high in one fell swoop, highlighting the strong market demand and capital inflow trend.
💫Ethereum ($ETH): Ethereum rebounded due to the expectation of altcoin season. Investors increased their investment in Ethereum ecosystem projects, and the market showed high attention to its subsequent development.
🌈 Solana ($SOL): Solana is in a consolidation period, with on-chain activities indicating that exchanges are actively absorbing its liquidity, and it is expected that Solana ETF will be approved by the end of 2025, keeping its market dynamics under investor scrutiny.
🎗 Binance Coin ($BNB): Binance Coin has performed excellently, setting a recent high of $670 in the morning, showcasing strong market vitality and development momentum.
2. Industry Hotspots 🎯
💡 $KACY Volatility: $KACY has experienced severe price fluctuations, with market price trends being unstable, and investors should pay attention to the risks of price changes.
💫 $CHILLYGUY Plunge: $CHILLYGUY has experienced a plunge, possibly due to a decrease in popularity or pressure before listing on major exchanges, and investors should approach with caution.
💫 Project Potential: There are predictions that $NOLAND has the potential to become a popular project, especially under the attention of Elon Musk, and its future development is highly anticipated.
💫 USDC Circulation: The circulation of USDC has increased by approximately $1.4 billion over the past week, reflecting changes in its market circulation dynamics, possibly due to increased market demand and other factors.
💎 Solana ETF Expectations: VanEck's head of digital asset research believes that the likelihood of Solana ETF being listed and traded next year is extremely high, and the market is full of expectations for its listing, which is expected to promote Solana's development.
💥 MicroStrategy: MicroStrategy holds over $3 billion to purchase more Bitcoin, continuously creating value for shareholders through Bitcoin investments, demonstrating its commitment in the Bitcoin investment field.
3. Industry Trends 🎯
💡 Trump's Initiative: Trump has appointed Scott Bessent as Secretary of the Treasury, and his attitude towards cryptocurrency is expected to bring relevant policy impacts to the crypto industry, drawing significant industry attention.
💫 Industry Personnel: The industry's attempt to secure a seat on Trump's cryptocurrency advisory committee has raised concerns among consumer groups, involving issues of industry personnel arrangements and consumer rights, drawing attention from all sectors of society.
💎 Hong Kong Securities and Futures Commission: The Hong Kong Securities and Futures Commission plans to explore the application of tokenized deposits in bond and fund subscriptions, aiming to promote financial innovation and facilitate the integration of cryptocurrency with traditional finance.
💡 Corporate Dynamics: $KSM in the Polkadot ecosystem has surged significantly in a short time, with an increase of over 110%, showcasing the strong development momentum of Polkadot ecosystem projects; the total lending amount on the Morpho platform has reached the $1 billion milestone, reflecting its development achievements in the lending business.
💎 Bitcoin Expectations: Predictive market data shows that Bitcoin has an 85% chance of reaching $100,000 by the end of the year; additionally, Arthur Hayes predicts that Bitcoin will reach $250,000 by the end of 2025, eliciting high market attention on Bitcoin price trends.
💡 Risk Warning: Justin Bons warns that Bitcoin may face a bank run risk, especially for small businesses, highlighting the potential risks of Bitcoin that investors should pay attention to.
