Headlines
▌Robert Kennedy: Bitcoin is the currency of freedom
According to Watcher Guru, Robert F. Kennedy (RFK) Jr. said that “Bitcoin is free money.” Bitcoin is “a hedge against inflation for the American middle class, a remedy to the dollar’s decline as the world’s reserve currency, and a way out of a devastating national debt.”
▌The Trump administration may push DeFi from niche to mainstream
Marcin Kaźmierczak, co-founder and COO of RedStone, said in an interview that the new administration of Donald Trump "could greatly promote the expansion of DeFi, and the government might support policies that push DeFi from niche to mainstream, promoting an influx of innovation and investment." Kaźmierczak also explained that a surge in BTC prices "usually" triggers an increase in DeFi service activity, and as the price of BTC climbs, it doesn't just climb in isolation, but will lift the entire DeFi industry.
Quotes
As of press time, according to Coingecko data:
BTC’s latest transaction price is $90,662.39, with a daily change of +2.7%;
ETH's latest transaction price is $3,149.87, with a daily change of +3.7%;
BNB's latest transaction price is $626.21, with a daily change of +3.6%;
SOL's latest trading price is $215.31, with a daily change of +3.2%;
DOGE's latest transaction price is 0.3656 yuan, with a daily increase or decrease of +2.8%;
XPR recently traded at $1.16, with a daily change of +1.4%.
policy
Nigerian cryptocurrency industry players applaud proposal to jail Ponzi scheme operators
Nigeria’s proposed (Investment and Securities Bill) that would impose jail terms on Ponzi scheme operators has been welcomed by cryptocurrency industry players who hope the move will help cleanse the sector’s reputation.
Blockchain Applications
▌DEXX attackers planned for a long time, and the incident was initially judged to be a loss of tens of millions of dollars
On November 16, SlowMist founder Yu Xian released an update on the DEXX incident on social media, saying that SlowMist has received nearly 500 requests for information related to the theft of DEXX. The incident analysis is still in progress. The preliminary judgment is that the loss is in the tens of millions of dollars (because the price of some Meme coins fluctuated too much). Almost every victim has a different attacker address, which shows that the attacker of this incident had planned for a long time. The source of the gas was exchanged through XMR 3 days ago.
Cryptocurrency
CFTC issues notice to clear obstacles for the listing of spot Bitcoin ETF options
Eric Balchunas, senior ETF analyst at Bloomberg, posted on the X platform that the U.S. Commodity Futures Trading Commission (CFTC) has issued a notice to clear the way for the listing of spot Bitcoin ETF options, and related products are expected to be listed soon. According to the notice information forwarded by Eric Balchunas from the U.S. Commodity Futures Trading Commission, the agency's clearing and risk department stated in an employee consultation notice that spot Bitcoin ETF options are for ETF stocks registered as securities with the U.S. Securities and Exchange Commission (SEC). These stocks are listed and traded on national securities exchanges registered with the SEC, and are cleared and settled by the Options Clearing Corporation as the sole issuer of all stock options. In view of relevant court precedents, these spot commodity ETF stocks are likely to be regarded as securities, so the listing of these stocks on national securities exchanges registered with the SEC does not involve the jurisdiction of the CFTC, and clearing will be carried out in its capacity as a registered clearing agency supervised by the SEC.
▌Bitcoin official Twitter releases "Coke Cup" promotional picture
On November 16, Bitcoin's official Twitter account @Bitcoin released a promotional picture that was suspected to be generated by AI. In the picture, the Bitcoin logo was printed on the body of an ice cola cup, and the guide to follow Bitcoin's official Twitter account was printed in the lower right corner of the picture.
▌Spot Bitcoin ETFs saw a net inflow of $1.644 billion last week
According to Trader T, the spot Bitcoin ETF had a net inflow of $1.644 billion last week, with a trading volume of $29 billion, the third largest weekly trading volume in history. At the same time, the price of Bitcoin rose by 14% last week, with $1.866 billion inflow to BlackRock, $153 million outflow from ArkInvest, and $66 million outflow from Bitwise.
▌Ripple CEO: The crypto industry has accepted Trump; Trump has also accepted the crypto industry
CEO of Ripple Labs, “The crypto industry has accepted Trump; Trump has accepted the crypto industry. I think it’s very sincere, I think he sees the opportunity, he sees the innovation, he sees the entrepreneurial spirit - I’m very excited about the future.”
Important economic developments
▌Data: Today's Fear and Greed Index is 86, and the level is still extremely greedy
According to Alternative data, today's Fear and Greed Index is 86, and the level is still extremely greedy. It is reported that the threshold of the Fear Index is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).
Bitcoin outperformed the S&P 500, Nasdaq and Dow Jones this week
Bitcoin has outperformed the S&P 500, Nasdaq and Dow Jones this week.
Golden Encyclopedia
What is Kraken’s Ink?
Ink is a second-layer bridge being developed by Kraken that aims to improve the efficiency of decentralized finance (DeFi) by increasing transaction speed, reducing costs, and increasing flexibility. Kraken's Ink seamlessly integrates centralized and decentralized environments, providing users with all the necessary tools and services while alleviating the common challenges associated with these environments. The solution runs on Ethereum as a second-layer (L2) solution, alleviating pressure on the first-layer (L1) chain.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
