Headlines
▌Trump demands BRICS nations to 'commit' to using the dollar.
US President-elect Trump: Demands BRICS nations commit to not creating a new BRICS currency, nor supporting any other currency to replace the strong dollar, or they will face 100% tariffs.
▌XRP's market value surpasses Intel.
According to the latest data from Infinite Market Cap, as XRP's market value surpasses $100 billion and reaches a new high, it has surpassed traditional tech giant Intel and well-known car manufacturer BYD in the global asset market value rankings, rising to 189th place. The data shows that the current market value of XRP is approximately $104.69 billion, while Intel's market value is about $103.72 billion.
Market Trends
As of the time of publication, according to Coingecko data:
BTC last transaction price $96,483.14, daily price change -0.2%;
ETH last transaction price $3,692.74, daily price change +2.8%;
BNB last transaction price $652.44, daily price change +0.3%;
SOL last transaction price $238.30, daily price change -1.0%;
DOGE last transaction price $0.4318, daily price change +2.6%;
XPR last transaction price $1.89, daily price change +3.6%.
Policy
▌The government is 'addicted to indirect regulation.'
Ripple CTO David Schwartz recently joined a list of tech founders opposing Operation Chokepoint 2.0 – a government-run de-banking initiative targeting the crypto industry. Schwartz stated that the government is 'addicted to indirect regulation' and listed four reasons why de-banking undermines the rule of law. Schwartz believes that de-banked entities will switch service providers or transfer funds underground – thus completely evading surveillance and sanction control. The CTO also stated that canceling banking services would undermine due process, freedom of speech, and rights against illegal searches and seizures.
▌Spain's securities regulator has approved the first tokenized license.
Spain's securities regulator CNMV has approved the country's first tokenized license, opening the door for the tokenization of real-world assets (RWA). Ursus-3 Capital, in collaboration with Onyze, is the first consortium able to provide services to Spanish companies seeking to enter this field. 'We firmly believe that RWA tokenization opens up limitless possibilities for entrepreneurs, and ensuring legal security for investors is very important,' said Juan Jurado, General Manager of Ursus-3 Capital. Third parties can now sign contracts for their tokenization services.
Blockchain Applications
▌DeFi liquidity restart protocol Tren Finance has completed its seed round financing, with participation from Maven Capital and others.
The DeFi liquidity restart protocol Tren Finance has announced the completion of its seed round financing, with participants including Contango Digital Assets, Maven Capital, Moonrock Capital, OIG Capital, Spyre Capital, etc. The specific financing amount and valuation information have not yet been disclosed. It is reported that Tren Finance mainly provides liquidity proof and peg support for community re-collateralized LP, money market deposits, and re-staking positions in DeFi services.
▌The General Office of the CPC Central Committee and the State Council: Accelerate the development of foreign trade in blockchain, artificial intelligence and other fields.
According to Xinhua News Agency, the Opinions of the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council on the reform and innovation of digital trade point out that we should vigorously develop digital technology trade, strengthen innovation in key core technologies, and accelerate the development of foreign trade in communications, Internet of Things, cloud computing, artificial intelligence, blockchain, satellite navigation and other fields.
Cryptocurrency
▌Since its launch, Pump.fun has generated a total fee income of $368 million, with a total of 4,038,775 tokens deployed.
According to on-chain analyst @ai_9684xtpa, Pump.fun launched on April 5 this year, and within just 239 days, Pump.fun has generated a total fee income of 1,527,143 SOL (approximately $368 million), with a daily income of $1.54 million; a total of 4,038,775 tokens have been deployed, with an average of 16,898 new tokens per day; the monthly transaction volume reached 388 million transactions, nearly double that of all other DEX combined; currently, all top 10 tokens have surpassed $200 million in market value, with the top token Pnut exceeding $1 billion; of the 14 memes launched on Binance so far (including spot and futures), 42.85% belong to Pump.fun tokens, while this proportion is 85.71% in the SOL network.
▌The White House's promotion of Bitcoin may shake people's trust in the US dollar as the global reserve currency.
CF40 Research Institute published an article (The 'Politicization' of Cryptocurrency), which disclosed that in the aftermath of the 2024 US presidential election, Trump's victory has drawn widespread attention as the cryptocurrency industry continues to enter 'money politics.' American scholar Vitaliy Katsenelson proposed that as market sentiment towards the dollar has been disturbed, the White House's promotion of Bitcoin may shake people's trust in the dollar as the global reserve currency, thus weakening the dollar's position. Regarding the current fiscal challenges, 'what can truly keep America great is not Bitcoin, but controlling debt and deficits.'
▌Grayscale cryptocurrency investment portfolio market value has increased by over 85% in the past month.
According to Cryptorank data, Grayscale Trust Investment's cryptocurrency holdings have increased in market value by over 85% in the past month, with Stellar and XRP achieving triple-digit growth, corroborating analysts' predictions of an upcoming altcoin season. The data shows that Stellar's monthly chart indicates an increase of over 469%, while XRP has risen by over 262% in the past month. The metaverse project Decentraland is the third largest token in Grayscale's portfolio, with an increase of over 105% in the past month.
▌300 million USDT transferred from Tether Treasury to Kraken.
According to on-chain data tracking service Whale Alert, around 7:42 AM Beijing time, 300,000,000 USDT ($300,232,678) was transferred from Tether Treasury to Kraken.
Important Economic Dynamics
▌Today's Fear and Greed Index has dropped to 81, still in the extreme greed level.
Today's Fear and Greed Index has dropped to 81 (down from 84 yesterday), still in the extreme greed level. Note: The panic index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Popularity (15%) + Market Surveys (15%) + Bitcoin's share in the entire market (10%) + Google Trends Analysis (10%).
▌Institutions: The probability of the Federal Reserve pausing interest rate cuts next year is increasing.
Minsheng Securities stated that the probability of the Federal Reserve pausing interest rate cuts next year is increasing. The unemployment rate remains low, and as inflation declines is hindered, the Fed may still cut rates 2 to 3 times next year, with a pause in the second half of the year. In a low-probability scenario, excessive tariffs and immigration policies could lead to a decline in US stocks and a significant downturn in the US economy, which could result in more rate cuts next year.
Golden Encyclopedia
▌What is an airdrop?
Airdrops are like surprise gifts in cryptocurrency. Imagine opening a box and finding coins inside! It is similar to receiving announcements of free tokens from new blockchain projects. Crypto airdrops involve the free distribution of digital assets to users' wallets, or in exchange for completing simple tasks, such as following the project on social media or joining their online community.
In the cryptocurrency ecosystem, airdrops play a crucial role. New projects use airdrops as a marketing strategy to increase visibility and build user bases. They are like free samples in a supermarket, attracting users to try new products. From the user's perspective, airdrops provide an opportunity to acquire new cryptocurrencies with minimal effort and the potential for significant returns. These tokens are not just free giveaways but also a way to participate in the evolving digital economy.
Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Please establish a correct investment concept and be sure to enhance risk awareness.
