Author: Deep Tide TechFlow
Yesterday's market dynamics.
DWF Labs co-founder: AI, DeSci, quantum resistance, meme coins, etc., will be key narratives in 2025.
DWF Labs co-founder Andrei Grachev shared his views on industry trends for 2025 in a post on the X platform. Andrei believes that asset issuance methods characterized by 'ICO style, no lock-up period, no attribution terms, and complete unlocking at TGE' will be more popular.
He pointed out that large-scale financing rounds will emerge in the future, all transactions will take place on-chain, and some large institutions may be laying out strategies behind the scenes, revealing themselves later.
Andrei also emphasized that the key narratives for 2025 will revolve around AI, AI agents, decentralized science (DeSci), quantum-resistant technology, yield-generating assets, and meme tokens.
Viewpoint: ETH is turning $3,500 from a resistance point to a support point, and if successful, may see upward momentum.
Cryptocurrency analyst Satoshi Flipper posted on the X platform that once the Ethereum price flips from the psychological threshold of $3,500 to a resistance level, it may welcome more upward momentum.
He pointed out that the ETH price is now trying to turn the $3,500 level from a resistance point to a support point, as expected. Such psychological numbers like $3,500 attract more attention from retail investors, but if ETH cannot break through this threshold, investor sentiment may be impacted.
Berachain collaborates with Stakestone, Lombard, and Concrete to hold a staking event.
During the Beramas period, Berachain collaborated with Stakestone, Lombard, and Concrete to hold a staking event, where users can stake associated tokens through Stakestone and Lombard platforms to pre-store in Berachain Vault and receive future rewards or points from the platform and Berachain.
The number of cryptocurrency investors in South Korea has exceeded 15 million for the first time, with the daily average trading volume of cryptocurrency exchanges in November approaching that of the stock market.
According to Yonhap News, data from the South Korean National Assembly's Finance Committee shows that by the end of November 2024, the number of cryptocurrency investors in South Korea exceeded 15 million for the first time, reaching 15.59 million, an increase of 610,000 since October. The total market value held by investors reached 102.6 trillion KRW (approximately $79 billion), with an average holding of about 6.58 million KRW (approximately $5,070).
Data shows that the daily average trading volume of the five major cryptocurrency exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit, Gopax) reached 14.9 trillion KRW (approximately $11.5 billion) in November, comparable to the daily average trading total (16.9 trillion KRW) of South Korea's KOSPI and KOSDAQ stock markets. Market analysis suggests that Trump's support for the cryptocurrency industry has boosted enthusiasm among South Korean investors.
Pump Science: Tokenomics design completed, BIO airdrop event to be held.
Pump Science announced on the X platform that tokenomics design has been completed and a BIO airdrop event will take place. Regarding the tokenomics design: 5% of the future issued token supply will be allocated to previous token holders (during migration), and those who hold more PS tokens (RIF, URO) will receive new tokens in the future; this mechanism will continue as long as there are new issuances (forever). Regarding the BIO airdrop event, BIO Protocol will airdrop BIO to URO and RIF holders, waiting for governance approval to connect BIO to Solana, with more airdrops under consideration.
Multiple cryptocurrency trading firms report a rapid increase in OTC trading volume in recent months.
Multiple cryptocurrency trading firms recently reported a rapid increase in OTC trading volume in recent months, with election results becoming a significant driving force. Tim Ogilvie, head of institutional business at Kraken, stated: 'OTC trading is currently exceptionally active, with trading volume surging alongside price increases.' He revealed that Kraken's OTC trading volume has increased significantly by 220% year-on-year, and other trading firms have reported similar growth.
Jake Ostrovskis, an OTC trader at market maker Wintermute, noted that the market was relatively calm mid-year, but as the election approached, prices rose and market participants began to actively prepare for the election results. He stated that Wintermute's discussions with some clients have lasted for years, and the election results have become the catalyst for them to start trading. Similarly, Embert Lin, a trader at market maker GSR, mentioned that since the election, the company's trading volume has increased significantly. With the rise in prices of Bitcoin, Ethereum, and altcoins, projects and investors are significantly more active in managing funds and risks at these price levels and are also looking for new opportunities beyond BTC and ETH.
A trader from an OTC trading firm privately revealed that recent trading volumes have easily reached the levels seen during the peak of the cryptocurrency market's popularity in 2021. Additionally, Brett Reeves, head of Go Network at cryptocurrency custody firm BitGo, pointed out that election results have been the main driver of the recent surge in trading volume, with two-thirds of the trading volume generated within three months of the election results being announced.
Russian Finance Minister: Russia is using Bitcoin in foreign trade.
Russian Finance Minister Anton Siluanov stated today that Russian companies have begun to use Bitcoin and other digital currencies for international payments. This year, Russia allowed the use of cryptocurrencies in foreign trade and took measures to legalize the mining of cryptocurrencies like Bitcoin.
Floki ETP is expected to be launched on the Swiss Stock Exchange in Q1 next year, with the DAO community proposing to provide liquidity.
Floki plans to launch an exchange-traded product (ETP) based on FLOKI tokens on the Swiss Stock Exchange (SIX) in the first quarter of 2025. The development team proposes to allocate part of the tokens (valued at $2.8 million) from the treasury wallet to provide early liquidity for the ETP, with voting ending on December 27 at 19:00 (Beijing time). If the proposal passes, FLOKI will become the second meme token to launch institutional-grade products in Europe after Dogecoin (DOGE).
In November, the monthly trading volumes of BTC and SOL both reached new highs, while ETH's monthly trading volume decreased by about 50% compared to its peak in 2021.
Token Terminal data shows that the monthly trading volume of BTC and SOL has reached all-time highs, while ETH has decreased by about 50% compared to its peak in 2021. In November 2024, the trading volumes for BTC, ETH, and SOL were $2.2 trillion, $1.1 trillion, and $243 billion, respectively.
Market Dynamics
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