20241203

1) Market Trends

BTC slightly declines, BTC dominance adjusts on a monthly basis. The U.S. government plans to sell $2 billion worth of BTC.

U.S. stocks rise. The dollar strengthens, and the RMB exchange rate depreciates to 7.3. Trump threatens to impose a 100% tariff on countries not using the dollar.

2) Market Highlights:

1. Old coins XRP, HBAR, XVC, ZEC, IOTA, etc., surge. Institutions apply for XRP ETF, and HBAR collaborates with XRP. XRP's market cap needs to rise another 60% to surpass ETH and become second.

2. LINK in the ETH ecosystem surges. LINK is the oracle for DeFi, and the recent surges are all from old coins from 2017.

3. Animal meme coins Moodeng and Pnut rise. Hippo Moodeng is listed on Coinbase, and Pnut was previously retweeted by Coinbase. Recently, the wealth effect of Coinbase in the U.S. has been very strong, with the funding for this bull market mainly coming from the U.S.