November 30 Hotspots
November 30 WEB3 Hotspots
1. Brazilian Lawmaker Proposes Establishing Bitcoin Reserves
Brazilian lawmaker Eros Biondini proposed the establishment of a Bitcoin sovereign strategic reserve, ResBit, planning to allocate 5% of the national reserves to Bitcoin. U.S. Senator Cynthia Lummis plans to reintroduce a bill to establish Bitcoin reserves, suggesting the Treasury buy 1 million Bitcoins over five years and hold them for at least 20 years.
2. Cardano Short-Term Holders Increase Holdings by Over 3 Billion ADA
IntoTheBlock data shows that Cardano short-term holders have increased their holdings by over 3 billion ADA within a month. Currently, short-term holders collectively own 8.42 billion ADA, worth 9 billion USD.
3. Trump Nominates Crypto-Friendly Cabinet Candidates
Trump has nominated three key cabinet minister candidates to head the Treasury, Commerce Department, and SEC. These candidates are considered to have a friendly attitude towards cryptocurrencies, recognizing the importance of digital assets in the modern financial system, and are expected to promote the integration of cryptocurrencies into the U.S. economy. If the nominations are realized, 2024 may witness a DeFi revival.
4. Ethereum Surpasses $3700, Reaches New High Since June
Ethereum (ETH) price has surpassed $3700, reaching a new high since June 10. Bitcoin's current price is close to $97000 each.
5. XRP Rises Above 1.9 USDT
Binance market data shows that XRP has risen above 1.9 USDT, the highest level since April 2021.
