Headlines
▌Musk requests a U.S. court to stop OpenAI from transitioning to a for-profit entity
Famous American entrepreneur Elon Musk has requested a U.S. court to stop the OpenAI Research Center from illegally transitioning to a for-profit entity. A spokesperson for OpenAI stated that Musk's application is "repetitive and still baseless." In February of this year, Musk filed a lawsuit claiming he had an agreement with two co-founders of OpenAI when providing funding and support for its establishment that OpenAI should be a "non-profit organization," but OpenAI has violated its founding goals and mission by pursuing profit. In June, Musk withdrew this lawsuit and re-filed in August. In November of this year, Musk escalated his lawsuit against OpenAI, accusing it of attempting to monopolize the generative AI market.
▌BTC breaks through $97,500
Market shows that BTC has broken through $97,500, currently reported at $97,512, with a 24-hour increase of 0.66%. The market is quite volatile, please manage your risk accordingly.
Market
As of the time of writing, according to Coingecko data:
BTC's recent transaction price is $97,181.70, with a daily fluctuation of +0.6%;
ETH's recent transaction price is $3,706.44, with a daily fluctuation of -0.2%;
BNB's recent transaction price is $656.38, with a daily fluctuation of +0.1%;
SOL's recent transaction price is $236.22, with a daily fluctuation of -1.0%;
DOGE's recent transaction price is $0.4398, with a daily fluctuation of +3.9%;
XPR's recent transaction price is $2.31, with a daily fluctuation of +19.4%.
Policy
▌(Wall Street Journal): Once Trump returns to the White House, the U.S. SEC may ease legal actions against cryptocurrency exchanges
Bitcoin.com News stated on platform X that an article in the Wall Street Journal pointed out that once Donald Trump returns to the White House, the U.S. Securities and Exchange Commission may ease legal actions against cryptocurrency exchanges.
Blockchain Applications
▌Total NFT sales on the Solana blockchain exceed $6 billion
According to the latest data from CryptoSlam, total NFT sales on the Solana blockchain have reached $6,008,983,463, with on-chain NFT transactions amounting to approximately 59,484,312, and the number of on-chain buyers is 5,429,063, while sellers number 2,874,542.
Cryptocurrency
▌Analysis: Altcoin season may be about to begin
Bitcoin has risen 129% year-to-date, primarily driven by the results of the 2024 U.S. presidential election and the halving event in April 2024. Despite the rise in Bitcoin's price, its dominance is declining. As of November 30, 2024, Bitcoin's dominance has fallen to 56.1%. This indicates that Bitcoin investors are taking profits and rotating into altcoins, suggesting that altcoin season may be about to begin.
▌Total value stored in the Starknet bridge exceeds 950,000 ETH
Dune data shows that the total value stored in the zkSync bridge has reached 3,736,495 ETH, while the total value stored in the Starknet bridge (TVB) is 956,317 ETH, with a total of 1,227,224 bridging user addresses; the total value stored in the Arbitrum bridge is 4,420,685 ETH, the total value stored in the Optimism bridge is 825,631 ETH, and the total value stored in the Base bridge is 612,854 ETH.
▌Bitwise CEO: During bull markets, project teams and market makers should change their mindset to try and challenge higher market capitalizations
Bitwise CEO Hunter Horsley stated on social media that the bear market breeds zero-sum thinking, where one profits by taking a slice from others in a shrinking pie.
However, as of November this year, the total market capitalization of cryptocurrencies has surpassed the previous high of $3 trillion in November 2021. The market is entering a phase where the cake is getting bigger, and it’s time to shift our mindset. The winning mentality in this phase encourages maximizing the size of the cake, increasing participation, treating participants kindly, and supporting teams to maximize their potential and strengths.
Important Economic Dynamics
▌Ethereum returns to the top 30 global asset market capitalization rankings
According to data disclosed by Cointelegraph on platform X, Ethereum's market capitalization surpasses that of the U.S. membership-based warehouse giant Costco and Vanguard Group, Inc., returning to the top 30 global asset market capitalization rankings, currently ranked 29th.
Golden Encyclopedia
▌What is an Airdrop?
Airdrops are equivalent to surprise gifts in cryptocurrency. Imagine opening a box and finding coins inside! This is similar to receiving announcements about free tokens or coins from new blockchain projects. Crypto airdrops involve distributing digital assets for free 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, enticing users to try new products. From the user's perspective, airdrops provide an opportunity to acquire new cryptocurrencies with minimal effort, potentially yielding significant returns. These tokens are not just free giveaways; they are a way to participate in the ever-evolving digital economy.
Disclaimer: Golden Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Everyone should establish correct investment concepts and enhance risk awareness.
