1. Binance's cryptocurrency inflow for 2024 reaches $21.6 billion.
Binance's cryptocurrency inflow for 2024 is $21.6 billion, whereas the total inflow of the 10 centralized exchanges ranked 2nd to 11th is $15.9 billion. Bybit ranks second with an inflow of $7.47 billion. OKX ranks third with an inflow of $4.37 billion.
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2. US ADP employment number for November is 146,000, the smallest increase since August 2024.
US ADP employment number for November is 146,000, the smallest increase since August 2024. The expectation was 150,000, and the previous value was revised from 233,000 to 184,000.
3. Bank of England Governor: Expects the UK to cut rates four times next year.
Bank of England Governor Andrew Bailey stated that policymakers still believe that four rate cuts (each by 25 basis points) next year are the most likely scenario. He mentioned that the pace of inflation decline is 'faster than we expected.' In an interview recorded for the Financial Times Global Board event on Monday, Bailey acknowledged that the market path predicted by the Bank of England in November was based on four rate cuts, which indeed brought inflation down to the bank's 2% target level.
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4. QCP: Trump's proposal to eliminate capital gains tax on US companies issuing tokens ignited a craze in the altcoin market.
QCP analysis pointed out that established coins that have existed since 2021 have shown remarkable growth in the past two weeks. XRP broke through its historical high of $2 from 2021, rising 400% since November, reaching a peak of $2.90. Other established coins such as ADA, HBAR, and XLM have increased by 300%, 800%, and 600% respectively. This surge is mainly driven by two factors: first, Trump's proposal in November to eliminate capital gains tax on cryptocurrency issued by American companies; second, potential cabinet nominees supportive of cryptocurrency. Current Cantor Fitzgerald CEO Howard Lutnick may take on the role of Secretary of Commerce, as his company is currently negotiating a partnership with Tether. Meanwhile, the position of SEC Chairman may be taken over by Paul Atkins, who supports cryptocurrency. The report noted that although inflation concerns have compressed expectations for Fed rate cuts in 2025 to three times, and geopolitical risks from Trump regarding China, Mexico, Canada, and BRICS nations remain, the cryptocurrency market is still expected to continue its upward trend.
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5. The 'zombie tokens' previously selected by Forbes have recently seen a significant price increase.
The 'zombie tokens' previously selected by Forbes have recently seen a significant price increase, provoking ridicule from the community. In March of this year, Forbes listed the top 20 'zombie tokens' in the current cryptocurrency space, each with a market capitalization exceeding $1 billion, including: XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS. Forbes defines 'zombie tokens' as assets that have almost no use aside from speculative cryptocurrency trading.
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6. The South Korean National Assembly passed a resolution to lift martial law.
The Speaker's Office stated that after the resolution to lift martial law was passed, the declaration of martial law was invalidated. According to CCTV News, the head of the South Korean presidential office and chief secretary collectively resigned. The largest opposition party, the Democratic Party, stated that it is pushing for the impeachment of President Yoon Suk-yeol, and it is expected to complete the drafting of the documents for the impeachment today. The Democratic Party announced on the 4th that it would charge President Yoon, Minister of National Defense Kim Dong-yeon, and Minister of the Interior and Safety Lee Sang-min with insurrection, and proceed with impeachment. The chief spokesperson of the Democratic Party, Cho Seung-rae, announced this decision at a press conference, and he also stated that the Democratic Party would charge the martial law commander, police chief, and other key participants in the military and police with insurrection, as this is 'an insurrection event known to the entire nation,' urging the investigative agency to immediately begin an investigation and bring the relevant persons to legal judgment.
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