Tether mints an additional $3 billion in USDT stablecoins
Data from Arkham Intelligence shows that $2 billion in USDT has been minted on the Ethereum blockchain, and another $1 billion in USDT has been minted on the Tron network through continuous transactions. Tether has minted approximately $13 billion since November 8, 2024.
Metaverse and game tokens generally rose, SAND rose by more than 70% in 24 hours
On November 25, according to HTX market data, as Bitcoin rebounded to around $98,000, the crypto market sector rotation continued, and the Metaverse and game sector tokens saw a general rise, including:
SAND has increased by 75% in 24 hours and is now priced at $0.763
MANA 24-hour increase of 37.3%, currently priced at $0.7174
ENJ has increased by 25% in 24 hours and is now priced at $0.3
AXS rose 21.5% in 24 hours and is now priced at $8.38
PYR rose 20% in 24 hours and is now priced at $3.86
PIXEL has increased by 18% in 24 hours and is now priced at $0.253
MAGIC has increased by 18% in 24 hours and is currently priced at $0.568
Analyst: Long-term BTC holders show signs of growing greed
According to crypto analyst Ali (@ali_charts) on the X platform, long-term BTC holders are showing signs of growing greed, and historically, this behavior suggests that it may take 8-11 months for BTC to reach a market peak. If the trend continues, a potential peak could be seen between June and September 2025.
The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 52.7%.
According to CME's "Fed Watch": The probability of the Fed maintaining the current interest rate unchanged by December is 47.3%, and the probability of a cumulative interest 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 interest rate cut of 25 basis points is 51.6%, and the probability of a cumulative interest rate cut of 50 basis points is 11.3%.
UniSat update to stop identifying useless BRC20 inscriptions releasing UTXOs
UniSat announced on the X platform that it will update the UniSat Indexer on Fractal to stop identifying useless BRC20 inscriptions, such as minting inscriptions and used transfer inscriptions. These updates are expected to go live next week and are intended to free up larger UTXOs occupied by such inscriptions. After the update, useless BRC20 inscriptions on Fractal will no longer appear in user UniSat wallets or be identified during transaction signing.
Users will have a clearer understanding of their available assets, and UTXOs greater than or equal to 1,000 satoshis will no longer be occupied by useless inscriptions.
Andrew Kang: The DeSci field is currently like the DeFi era in early 2019
Andrew Kang, partner at Mechanism Capital, posted on social media that “the current decentralized science (DeSci) field feels like the DeFi era in early 2019. Although everything is still in its infancy and highly experimental, everyone involved can feel its huge potential. Current projects may not use the same model or products in the future because they are being developed through iterations. Maker, Synthetix, and Aave were also some bulky small-cap projects in 2019, but now they have grown into large protocols. Here are some of the projects I think are the most interesting: BioDAO, Pump Science, GLP1.”
French users banned from Polymarket prediction market
Polymarket has blocked French users and warned against attempts to circumvent the block. According to a social media post, Polymarket now has French users on its restricted users list. The news comes weeks after the country’s gambling regulator allegedly said it would ban prediction markets. However, some French Polymarket users on social media platform X said they are still accessing the prediction market through virtual private network (VPN) applications.
UK (The Times) Debating Whether Pension Funds Should Invest in Bitcoin
According to Bitcoin News, a UK plan will allocate 3% of pension funds to Bitcoin, but many people say that Bitcoin is too volatile and is not suitable as a pension fund, but there are also many people who believe that Bitcoin is "digital gold" and is worth investing in.
For the above reasons, (The Times) published an article discussing whether pensions should invest in Bitcoin.
Coin Center research director: Investor protection and regulatory clarity could boost cryptocurrency industry
Peter Van Valkenburgh, director of research at Coin Center, expects that clearer regulatory frameworks may emerge for centralized markets and stablecoin issuers. The optimism stems from the fact that the new government may focus on promoting innovation in traditional financial applications of cryptocurrencies.
Meanwhile, streamlined investor protection and regulatory clarity could boost the cryptocurrency industry. However, he stressed the need to remain vigilant to ensure such measures do not inadvertently stifle the rights of developers and users in decentralized systems.
Bitcoin ETF Sets New Record in Brazil
As the Bitcoin price rate approaches $100,000, the demand and price of Bitcoin exchange-traded fund (ETF) shares on the Brazilian stock exchange have soared. Hashdex, the first cryptocurrency ETF launched on B3, hit an all-time high with a net asset value of nearly $689 million. BITH11, an ETF offered by Hashdex that provides 100% Bitcoin exposure, hit an all-time high with a net asset value of nearly $259 million. Every cryptocurrency ETF that includes Bitcoin has hit an all-time high. Only seven ETFs failed to do so, focusing instead on ETH and other areas of cryptocurrency, such as decentralized finance, non-fungible tokens (NFTs), and Web3.
A comprehensive analysis of the crypto market over the weekend: Bitcoin is trading sideways at a high level, while altcoins are soaring
Currently, Bitcoin is fluctuating in a narrow range at a high level, while the altcoin market is rising rapidly, especially Ethereum, Dogecoin and Ripple. The market's expectation of loosening policies due to the resignation of the chairman of the Securities and Exchange Commission (SEC) has strengthened confidence. The price of Bitcoin is expected to exceed $100,000, and institutional funds continue to flow in, driving market prosperity. Kraken has added a variety of tokens, showing its attention to the altcoin ecosystem. Overall, the crypto market is welcoming multiple benefits in terms of policies, technology and funds, and the prelude to the bull market has already begun.
Bitcoin plummeted to $95,700 late at night, with liquidation amount approaching $500 million. Why did BTC fall?
Bitcoin's recent price correction to below $96,000 has wiped out more than $60 billion in market value, mainly due to market volatility and geopolitical tensions. Analysts point out that technical indicators show that Bitcoin may fall further, but the medium-term outlook remains optimistic. Veteran trader Peter Brandt emphasizes the regular adjustments in Bitcoin's bull market cycle. Macroeconomic factors, such as the performance of the U.S. labor market and changes in interest rates, also have an impact on Bitcoin prices. Despite short-term fluctuations, historical data shows that the outlook for December may be positive.
Citron's short selling sparks controversy: How long can MicroStrategy's capital flywheel last?
MicroStrategy (MSTR) has transformed into a "super bull" in the Bitcoin market, holding a large amount of Bitcoin through issuing bonds and additional shares, with a market value of $80 billion. This strategy has triggered different evaluations in the market. Some people call it a miracle of financial innovation, while others criticize it as high-leverage speculation. MSTR's stock price is closely linked to the price of Bitcoin, attracting investors' attention. However, Citron Research issued a short statement, questioning the risks of its high premium model. The future of MSTR is full of uncertainty, becoming a microcosm of the integration of traditional finance and the cryptocurrency market.
After 236% Monthly Gain, Can Dogecoin Achieve the ‘Inevitable’ Goal of $1?
Analysts predict that Dogecoin (DOGE) could break $30 by January 19, 2025. Recently, the price of Dogecoin has risen, reaching a new yearly high of $0.48, with a monthly increase of 236%. Analysts believe that Dogecoin is expected to retest its all-time high of $0.73 in the coming days and reach higher targets in 2025. Technical analysis shows that Dogecoin could reach a price of $1 or even higher in the next few years. However, although some forecasts show that it could reach $30, this goal is less likely to be achieved given the size of the market.
