What has happened in the cryptocurrency space in the past 12 hours:

• The President of South Korea announced a state of emergency, but lifted it six hours later. Following the announcement of the state of emergency, cryptocurrency prices on South Korean centralized exchanges dropped significantly for a short time but then rebounded.

• Former President Donald Trump has chosen Paul Atkins to lead the U.S. Securities and Exchange Commission. However, reports indicate that Paul Atkins is reluctant to take on the role of chairman due to challenges including restructuring.

• After learning that the SEC chairman nominee Paul Atkins has been an advisor for $RSR for many years, the $RSR stock price surged.

• 05232164616 $TRX - BNB and Tron hit new highs. With the influence of $TRX, $JST and $SUN also followed suit. Tron’s Justin Sun stated: “$TRX, the next $XRP.”

• 33144138054 - According to Arkham, 4,815 ETH (approximately $17.2 million) has been transferred from a U.S. government address labeled FTX Alameda Seized Funds to a new wallet.

• 52674412180 - Grayscale has submitted a proposal to the U.S. Securities and Exchange Commission to convert its Grayscale Solana Trust (GSOL) into a spot ETF listed on the NYSE Arca.

• $MORPHO $MOG - Coinbase Int. has announced that $MORPHO-PERP will start trading on December 5 at 9:30 AM (UTC). Coinbase has also added $MOG to its listing roadmap.

• $ZRC - Zircuit has announced that it has become an Early Bird sponsor of ETHDenver 2025 and mentioned that Big Things are coming.

• $SAFE - Safe announced the launch of Safenet, a trading coordination network for on-chain and off-chain inputs. Safenet is set to launch in 2025 and is currently open for a waitlist.