Trump's new government minister nominations are complete, with over 5 being 'crypto traders.'
According to Jin10, on November 23 local time, President-elect Trump announced the nomination of Brooke Rollins as Secretary of Agriculture. With this, all cabinet minister candidates for Trump's new government have been confirmed. In addition, Trump has nominated several high-ranking officials in the past few weeks. From the new government's list, apart from names familiar to the cryptocurrency market like Musk and Howard Lutnick, several cabinet officials are staunch supporters of cryptocurrency and have publicly disclosed their cryptocurrency holdings, including the nominated Vice President, Secretary of the Treasury, Secretary of Commerce, Secretary of Health and Human Services, and Director of National Intelligence.
Trump's team is considering Paul Atkins, a former SEC commissioner, to replace Gary Gensler.
According to Bloomberg, informed sources revealed that President-elect Donald Trump's transition team has interviewed senior financial regulator and conservative financial insider Paul Atkins as a candidate for chairman of the SEC. Sources say Atkins is one of the strongest contenders to replace the outgoing SEC chairman Gary Gensler. Trump is expected to make a selection in the coming days but has not yet made a decision. According to previous reports, Atkins is not only proficient in cryptocurrency technology but also has a deep understanding of the SEC's internal operations, having served as a commissioner and staff member under two SEC chairmen, Richard C. Breeden and Arthur Levitt.
Former CFTC chairman supports the establishment of a US Bitcoin reserve, calling it 'very meaningful.'
The former chairman of the U.S. Commodity Futures Trading Commission (CFTC) stated that establishing a U.S. Bitcoin reserve is 'very meaningful.' He emphasized that Bitcoin is 'the world's first digital commodity.'
The Mayor of Vancouver plans to launch a 'Bitcoin-friendly city' initiative.
According to Cointelegraph, the Mayor of Vancouver, Ken Sim, announced that the city plans to include Bitcoin in its balance sheet as part of a diversification strategy. At the Vancouver City Council meeting on November 26, Sim submitted a motion notice he intends to propose on December 11, titled 'Maintaining the City's Purchasing Power through Diversification of Financial Resources: Building a Bitcoin-Friendly City.' As of November 27, the motion has not yet been published on the city government website.
a16z general partner Sriram Krishnan announced he will leave the company at the end of the year.
a16z general partner Sriram Krishnan announced on the X platform: 'After working at a16z for 4 years, I will leave the company at the end of the year. I will elaborate on my future plans later, and I will share more information in the coming months.' Additionally, according to The Information, Krishnan has discussed joining the government efficiency department led by Elon Musk.
Celsius will conduct a second round of 127 million USD distribution to eligible creditors.
According to Beincrypto, Celsius is preparing for a second round of 127 million USD distribution to eligible creditors from its lawsuit recovery account. Funds will be distributed in the form of Bitcoin, Ethereum, or USD based on eligibility. According to the latest bankruptcy court documents, the litigation administrator allocated approximately 127 million USD for this round after deducting fees and expenses. This money will be distributed to Celsius creditors who have the right to recover non-liquid assets under the company's bankruptcy plan. A portion of the funds designated in the plan will be retained as reserves. Notably, creditors wishing to receive distributions in BTC or ETH must have an active Coinbase account, and the account information must match Celsius's records. Celsius stated on X: 'According to the Coinbase agreement, non-corporate creditors who have not received Celsius distributions through Coinbase after November 9, 2024, will automatically be processed by the U.S. dollar distribution partner.'
Movement co-founder accuses the Scroll team of multiple misconducts, damaging the reputation of the EVM L2 ecosystem.
Movement Labs co-founder Rushi Manche publicly accused the Scroll team of numerous issues on the X platform, including: 1. After years in the community, they launched a predatory incentive plan, ultimately shifting the burden to ordinary investors. 2. The team has been selling secondary market shares for years before the launch. 3. Other team members were forced to buy in at an 18 billion USD valuation, while senior leaders were selling at the same time. 4. The Scroll team directly allocated airdrops to their own wallets and then cashed out. 5. They designed the most predatory token economic model aimed at harming every community member. Manche accused the Scroll team's actions of damaging the reputation of the EVM L2 ecosystem and called for improvements to avoid 'making it look like a complete scam.'
The Aave community has initiated the ARFC proposal 'Establishing a Strategic Partnership with Instadapp through Investment in INST Tokens.'
The Aave community has initiated the ARFC proposal 'Establishing a Strategic Partnership with Instadapp through Investment in INST Tokens.' The proposal includes Aave DAO investing 4 million USD in INST tokens at a fully diluted valuation (FDV) of 350 million USD, establishing a strategic partnership with the multi-chain DeFi management protocol Instadapp, aimed at strengthening cooperation and coordination between the two protocols. Aave DAO will allocate up to 1/3 of the INST tokens, supporting GHO trading pairs on Fluid through Merit. The remaining tokens will have a one-year vesting period, authorized to the Aave Protocol Embassy.
Slow Mist: Attackers exploited an XSS vulnerability on the Cointelegraph website to implement phishing.
Slow Mist founder Yu Sen disclosed an XSS attack targeting the cryptocurrency industry on the X platform, where attackers exploited an XSS vulnerability on the Cointelegraph website to lure target users to open the Cointelegraph official link (with XSS malicious script), resulting in: the malicious script loading and executing; the address bar being set to a suspicious address (which might look like an official unreleased draft); then a fake 'Sign in with X' box pops up; clicking 'Sign in with X' opens X's third-party application authorization, where the permissions list contains a large blank segment, and if users are not careful and click authorize, their X-related permissions are taken over by the attackers. This type of phishing, which slightly exploits vulnerabilities, is particularly hard to guard against for the public, and caution is advised.
Coinbase: Pepe (PEPE) is now available to users in New York State.
According to Coinbase Assets announcement, Pepe (PEPE) is now available to users in New York State, allowing users to buy, sell, convert, send, receive, or store PEPE assets through Coinbase's website and its iOS and Android applications. Coinbase obtained a virtual currency business license from the New York State Department of Financial Services (NYDFS) on January 17, 2017, ensuring compliant operations. In addition, NYDFS approved Coinbase to establish Coinbase Custody Trust Company LLC in 2018. However, due to failure to comply with the Bank Secrecy Act (BSA) and anti-money laundering program (BSA/AML Program) as well as transaction monitoring and cybersecurity programs, Coinbase reached a 100 million USD settlement agreement with NYDFS in 2023.
Chinese concept stock SOS announces it will purchase 50 million USD of Bitcoin, surging 47.19% after opening.
Chinese company SOS Ltd., listed on the New York Stock Exchange, announced that its board has approved a plan to invest 50 million USD in Bitcoin (BTC) to strengthen its blockchain industry layout. SOS stated that this plan not only reflects its long-term confidence in Bitcoin as a strategic reserve asset but also aims to optimize its investment portfolio and enhance its competitiveness in the digital asset field. SOS will adopt a diversified quantitative trading strategy, including investment, trading, and arbitrage, to reduce market volatility risks and achieve stable returns. SOS has a market capitalization of approximately 9.16 million USD, and following this news, it surged 47.19% after the market opened today.
Tether has halted the issuance of EURT due to the European regulatory environment, and users have one year to complete redemption operations.
Tether announced it will stop supporting its euro stablecoin EUR₮ and has ceased processing new minting requests as of 2022. This decision is based on the increasingly complex regulatory environment in the European stablecoin market, while Tether will prioritize supporting new projects, such as the new stablecoins EURQ and USDQ launched in cooperation with Quantoz Payments that comply with MiCAR regulations. Tether will also provide efficient compliance support for asset issuance, including stablecoins, through its technology platform Hadron. Existing EUR₮ users must complete redemption operations by November 27, 2025.
Binance will launch MORPHO and CHILLGUY USDT perpetual contracts.
Binance's contract platform will launch perpetual contracts at the following times, with a maximum leverage of up to 75 times: November 27, 2024, 22:30 (East 8 Time): MORPHOUSDT perpetual contract; November 27, 2024, 22:45 (East 8 Time): CHILLGUYUSDT perpetual contract.
Clanker co-founder: Clanker contract upgrade supports users to receive a 40% fee sharing.
According to proxy studio.eth, co-founder of Clanker, the team is upgrading the contract to allow users to directly receive a 40% fee sharing (including ETH and tokens). MetaMask co-founder Dan Finlay previously stated that he had tested the Meme coin CONSENT on Base and Solana chains, with data showing a market cap of 2.8 million USD on Solana and 2 million USD on Base. Clanker is an AI-driven token deployment tool that allows users to submit token concepts via Warpcast and quickly launch tokens on the Base chain. Related reading: clanker: 'Pump.fun' on the Base chain.
Hyperliquid reminds users to accept Genesis Event terms as soon as possible.
According to Hyper Foundation announcement, users who have recently started using Hyperliquid L1 and those who missed it earlier must view and accept the Genesis Event terms and conditions by 23:59 UTC on November 28 (07:59 Beijing time on November 29). Failure to complete on time may affect participation eligibility. Relevant users should act promptly.
Bitcoin mining company MARA has again increased its holdings by 703 BTC, bringing its total holdings to 34,794 BTC.
According to an official announcement, Bitcoin mining company MARA Holdings, Inc. announced that it has acquired an additional 703 bitcoins through the issuance of 1 billion USD zero-coupon convertible senior notes, bringing the total amount of bitcoins purchased through this issuance to 6,474, with an average price of 95,395 USD per bitcoin. The return on each bitcoin since the beginning of the year is 36.7%. Currently, the total number of bitcoins held by the company is approximately 34,794, with a total value of about 3.3 billion USD at the current spot price of 95,000 USD. MARA has repurchased part of the 200 million USD bonds maturing in 2026; after deducting transaction costs, the remaining proceeds of about 160 million USD can be used for future purchases when bitcoin prices drop.
Northern Data, supported by Tether, received an acquisition offer for its cryptocurrency mining division.
According to Bloomberg, Northern Data AG is nearing a deal to sell its cryptocurrency mining business, hoping to take advantage of the rising Bitcoin prices in November. According to Northern Data's CFO Elliot Jordan, the company has hired bankers and invited bidders to submit offers, currently reviewing various proposals. Jordan stated during a speech at the German Equity Forum on Wednesday that 'ongoing' is the most fitting description, as they are receiving offers from multiple different aspects, and progress is smooth. Jordan indicated that Northern Data has not valued the business but reportedly had a valuation of 300 million to 500 million USD before the rise in Bitcoin prices. He told investors: 'Clearly, now is the best time to sell this business.' Northern Data's main shareholder is stablecoin issuer Tether, which is seeking to release funds to expand its AI services. This is a shift many mining companies are exploring after the Bitcoin software update in April, which halved their main source of revenue. In October, it was reported that Northern Data plans to sell its cryptocurrency mining division Peak Mining.
So far in November, the trading volume of stablecoins has soared to 1.8 trillion USD.
According to Cointelegraph, based on a report from CCData on November 27, as of November 25, the trading volume of stablecoins surged by 77.5% this month, reaching 1.81 trillion USD. This growth is expected to push the monthly trading volume of centralized exchanges to an annual record high. The total market capitalization of stablecoins has continued its upward trend for 14 months, increasing by 9.94% in November to reach 190 billion USD, surpassing the historical high of 188 billion USD before the collapse of Terra's TerraUSD algorithmic stablecoin in April 2022. Despite this growth, the market share of stablecoins has decreased from 7.22% in October to 5.54% as investors and traders increased their diversified investments in Bitcoin and altcoins. USDT continues to perform strongly, with its market cap increasing by 10.5% to reach 133 billion USD. USDT occupies 69.9% of the overall market, followed by Circle's USDC, whose market cap increased by 12.1% in November to reach 38.9 billion USD, the highest level since February 2023. Ethena Labs' USDe also showed growth momentum, with its market cap increasing by 42.2% to reach 3.86 billion USD.
Arthur Hayes has accumulated a total of 16.79 million ENA in the past 2 days, approximately 11.21 million USD.
According to Lookonchain monitoring, Arthur Hayes has transferred his ATH holdings to ENA. In the past 2 days, Arthur Hayes has accumulated a total of 16.79 million ENA (approximately 11.21 million USD).
