20241204

1) Market Trend

BTC fluctuates at a high position. The military coup in South Korea affects Upbit prices. The market favors old coins over new ones, with 2017 vintage coins leading the surge.

US stocks are volatile, with a 73% probability of interest rate cuts in December.

2) Market Highlights:

1. Stablecoin RSR surges significantly. Trump is likely to appoint a new SEC chairman who previously served as an advisor for RSR; a member of the board for the previously surging HBAR is also a candidate for the SEC.

2. Public chain TRX doubles in a day, with ecosystems SUN, JUST, BTTC, and others following suit. Speculative stocks are being pumped, with TRX's market value entering the top 10. Sun previously tweeted about wanting to learn from XRP’s pump; he was the head of XRP for China.

3. 2017 vintage coins like XVG, NEO, FUN, VET, etc., lead the surge. As this bull market has developed, the top 10 still consists of old coins from the past. Whether the market was previously speculating on memes or is now focusing on old coins, it has avoided the newly launched VC coins with the highest selling pressure, opting to push in the direction with the least resistance.

4. On-chain MOG, Virtual, ChillGuy, etc., are rising. MOG from meme is listed on Coinbase.