📰 Blockchain Morning Report - December 09, 2024 📷Follow for exclusive insights into the latest developments in the crypto space, don't miss out.
1⃣ Market Dynamics
🌕Bitcoin ($BTC): Surpasses $100,000 on weekdays again, possibly influenced by CME's opening. El Salvador's president discloses the country's Bitcoin investment portfolio, with unrealized gains exceeding $333 million. Michael Saylor hints at increasing Bitcoin holdings for the fifth consecutive week.
🌖Ethereum ($ETH): The entire ecosystem begins to thrive, the failed ReStake project revives, DeFi projects like $UNI, $AAVE, $LINK, etc. lead the way. Total open positions for Ethereum contracts across the network reach $27.52 billion, with net supply increasing by 2,591.7 coins in the past 7 days.
🌗Solana ($SOL): Maintains steady growth, market attention gradually shifting elsewhere.
🌘Binance Coin ($BNB): Recent strategy is unclear, leaning towards following the broader market.
2⃣ Industry Hotspots
🌑$PEPE: Hits a new all-time high, driving other memecoins to challenge the top 20 market cap, close to surpassing $UNI.
🌒$HyperliquidX: Continues to set new highs, currently in the FOMO (Fear Of Missing Out) phase.
🌓$CULT: Milady's CULT rapidly reached a market cap of $1 billion after launch, currently stabilizing around $600 million.
💳Aptos: Introduces native $USDC, with Stripe also supporting APT.
📈Pudgy Penguins: Floor price breaks 20ETH, with a 7-day increase of 45%.
🖼NFT Market: November NFT sales increased by nearly 63%, with Bitcoin NFT sales reaching $188 million.
💹Stablecoins: Tether issues 20 billion USDT in the last month.
3⃣ Industry Trends
📢Trump: States he will not withdraw investment from TruthSocial, nor intends to replace Federal Reserve Chair Powell.
💼Coinbase: CEO calls for the dismissal of SEC Commissioner Crenshaw, stating she is obstructing the Bitcoin ETF.
💡Binance: Responds to recent token data issues.
🔐Cardano: Its official X account was hacked, posting false tokens and SEC lawsuit announcements.
💼Sushi and GMX: Plan to launch new products on Solana in 2025, showing active expansion of DeFi projects.
💸NFT Lending: Total transaction volume on the Blend platform reaches $7.068 billion.
📈CITIC Securities: Predicts the Federal Reserve will cut interest rates by 25 basis points in December. 💱ETF and Policy: The U.S. National Public Policy Research Center suggests Amazon establish Bitcoin reserve assets; Argentina allows foreign investment products related to crypto ETFs to enter the market.
🔒Unlock Events: Tokens such as APT, STRK, and SEI will experience significant unlocks this week.