President Yoon Suk Yeol unveiled the decision during a late-night televised announcement Tuesday, explaining that the move was aimed at addressing alleged anti-state activities within the opposition Democratic Party. In response, the government stationed military personnel at key locations, including the National Assembly, and temporarily banned political gatherings.

XRP felt the weight of today’s news from South Korea.

The crypto market didn’t take long to react. On South Korea’s Upbit exchan

It’s been an eventful start to the week for crypto, with altcoins like XRP and Hedera extending their rallies from last week.

Both coins have posted solid gains, cementing their momentum in an unpredictable market.

Meanwhile, meme coins aren’t fading away – with Pepe Unchained hitting huge milestones in its presale.

Could PEPU be the next breakout star following XRP and HBAR?

XRP & Hedera Shine as Utility Coins Lead the Week’s Gains

XRP is leading the way this week, soaring to $2.66 – an 84

Everclear, a Clearing Layer project focused on solving the problem of cross-chain liquidity fragmentation, announced today that its DAO organization has approved several key proposals, including the introduction of a new token economic system and the migration of tokens from NEXT to CLEAR. These decisions come at a time when the mainnet Beta has achieved strong performance.

With the rapid development of modular blockchain, more than 250 chains have been launched on Everclear, and more chains are being launched. However, this rapid expansion has also brought about highly fragmented problems of liquidity and user experience. Since the launch of the beta version of its main network, Everclear has achieved cross-chain transaction fees as low as 0.02% (2 basis points), net settlement transactions accounted for 50%, and monthly transaction volume has tripled. As the main network transaction volume further increases, it is expected that the net settlement rate will continue to increase and transaction costs will also be further reduced. These results fully demonstrate that Everclear can not only significantly reduce the cost and complexity of cross-chain operations, but also utilize liquidity provider funds more efficiently than existing protocols.

GAIB, a crypto-AI startup focused on tokenizing GPUs, has raised $5 million in a pre-seed funding round.

Hack VC led the round, with co-leads Faction VC and Hashed, GAIB said Tuesday. Other participating investors included Spartan, Animoca Brands, MH Ventures, Aethir, Near Foundation, Chris Yin of Plume Network and Lucas Kozinski of Renzo Protocol.

GAIB was founded in June of this year, began raising funds the same month and closed the round in July, co-founder and CEO Kony Kwong told The Bloc

　　Zhou Yanling: What to do when Bitcoin jumps around like a roller coaster on December 4th? Ethereum faces resistance in the upward movement.

　　

　　In terms of the recent market conditions, do not have any thoughts of a trend. The key is to take profits in a timely manner when prices rise and fall! The methods of shaking out and liquidating retail investors are too obvious. Even Yanling was swept today without any surprises. The short position taken was correct, but greed led to the desire to continue looking down at the 93000 mark, resulting in a rebound that came too quickly. The profits in hand were not realized, and instead, I was stopped out. It really made me furious. I have learned my lesson now; I won’t be so greedy in the future. Just look at the way this market is swinging; every upward surge feels like it might break to the upside, while the downward movement will give you the illusion of a significant drop. Therefore, do not blindly believe in the rapid fluctuations you see. Why does the market rise and fall quickly? In fact, this is considered normal fluctuation behavior in the cryptocurrency market. If the price movements in a fluctuating market were always very slow, then the current cryptocurrency prices would have no trading value or necessity.

Aptos Financial Ecosystem Analysis

In November, @Aptos Total Value Locked (TVL) surpassed $1 billion for the first time and is up 19x year-over-year.

Key Updates:

• BlackRock's BUIDL on Aptos

• Native USDT and USDC on Aptos

• Daily DEX volume on Aptos up 2,700% (28x) in the last year

Read the full report 🔗

https://messari.co/3Zjcl6f

Bitcoin (BTC) has dropped 1.6% against the U.S. dollar over the last 24 hours, with trading volume reaching $88.57 billion, much of it driven by selling activity. A portion of this pressure appears to stem from investors reallocating funds into altcoins, many of which are enjoying notable price increases. Despite Tuesday’s decline, BTC remains up 2.4% for the week and an impressive 37.5% over the past 30 days.

Bitcoin’s dominance in the $3.41 trillion crypto economy has fallen to 54.8%, down fr

This #CryptoGivingTuesday, we're proud to team up with @TheGivingBlock to support thousands of crypto-friendly nonprofits showcasing crypto as a mighty force for good. 🚀❤️

Get involved: donate crypto, make a difference, and inspire others to give.

https://thegivingblock.com/campaigns/crypto-for-good/

#CryptoForGood

Table of contents:

6. BTC contract liquidation chart, risk control position reference;

7. The cottage index continues to rebound, and the cottage season is approaching the risk area;

8. Token large amount unlocking data preview.

9. Interpretation of fundamental hot spots: Non-farm super week is coming, and Federal Reserve officials will speak intensively.

6. BTC contract liquidation chart, risk control position reference

According to the latest contract data, if the BTC price breaks through $98,000, short orders worth $1.345 billion will be liquidated;

If the BTC price falls below $94,000, long orders worth $10.8 will be liquidated.

7. The copycat index continues to rebound, and the copycat season is approaching the risk area.

In South Korean politics, the confrontation between Yoon Suk-yeol and Lee Jae-myung has become the most eye-catching political drama in recent years.

On December 3, 2024, South Korean President Yoon Suk-yeol suddenly announced the implementation of 'emergency martial law,' a decision that not only shocked the South Korean political scene but also triggered a severe constitutional crisis.

Of course, as always, it is the cryptocurrency investors who are hurt; the price of Bitcoin on Upbit, South Korea's largest trading platform, once plunged to $65,000.

So, the question arises, why did Yoon Suk-yeol suddenly declare martial law?

The direct reason Yoon Suk-yeol announced martial law was to 'maintain the order of free constitutional governance,' accusing the opposition of 'coercing the National Assembly and disrupting the nation,' asserting the need to protect the Republic of Korea from the threat of North Korean communist forces and to eliminate pro-North and anti-state forces.

After wandering around for a while, I just remembered that the data for the BTC spot ETF hasn't been written yet. In fact, writing this data has very little judgment ability regarding price fluctuations, but it greatly assists in understanding sentiment. After all, the current funds are driven by emotions, and ETF data can clearly reflect the mindset of American investors. For example, yesterday's data represented a large number of investors' optimism towards #ETH, whereas the recent data for #BTC has been very normal.

Today's purchasing power has increased compared to yesterday, and today's ETH purchasing power has returned to normal levels. Thus, it can be seen that American investors have maintained a relatively stable attitude towards BTC recently, neither experiencing the FOMO of the election period nor the reluctance to buy seen during the betting period; instead, purchasing power has seen a slight increase.

Dec 3 Update:

10 #Bitcoin ETFs

NetFlow: +4,084 $BTC(+$392M)🟢

#BlackRock inflows 3,526 $BTC($338.42M) and currently holds 500,380 $BTC($48.02B).

9 #Ethereum ETFs

NetFlow: +21,296 $ETH(+$76.43M)🟢

#BlackRock inflows 15,449 $ETH($5.44M) and currently holds 710,695 $ETH($2.55B).

https://x.com/lookonchain/status/1863639692639608937

Portal Ventures today announced its plans to support sBTC, Stacks’ 1:1 programmable Bitcoin asset. The firm will offer a series of workshops aimed at educating institutional investors on sBTC’s role in enhancing Bitcoin’s capital efficiency and transforming it into a productive asset class.

Portal is the foremost crypto fund dedicated to exclusively leading pre-seed crypto startups. It recently unveiled its $75 million fund II, backed by prominent figures including Chris Dixon, Marc Andreessen,

I didn't expect South Korea to make such a significant and difficult decision this time; it seems that the National Assembly is currently controlled by the opposition party, so President Yoon decided to impose martial law.

The last time South Korea implemented martial law was in 1979 when Chun Doo-hwan came to power (the stated purpose was to prevent an invasion from North Korea), which directly led to the Gwangju Uprising, resulting in reportedly 3,000 deaths.

The South Korean financial market has always been sensitive to such events, like the 2010 Yeonpyeong Island shelling incident, where the Korean won and Korean stocks both fell.

In terms of cryptocurrency, I personally feel that South Korea could be the third largest market for cryptocurrency, just behind the United States and China, which is still a force to be reckoned with.

Privacy-focused Layer 1 blockchain Namada has officially launched its mainnet, enabling the network’s genesis blocks.

This begins the first phase of its decentralized mainnet rollout, involving staking and governance.

The Anoma Foundation, the organizational group that developed the project, proposed the initial mainnet software and genesis balances. The foundation clarified that it does not run validators, so the Namada community retains complete control.

The launch includes a user airdrop.

Hot: South Korea declares martial law, Crypto market drops sharply

On the evening of December 3, all crypto trading pairs in the Korean market suddenly dropped dramatically. In particular, the price of Bitcoin fell to its lowest level at 88,266,000 KRW, equivalent to 66,500 USD.

Other coins suffered similar losses, with XRP plunging nearly 60% to $1.16, Solana down 42% to $125, and ETH down nearly 40% to $2,180,...

Original | Odaily Planet Daily (@OdailyChina)

Author | Nan Zhi (@Assassin_Malvo)

Around 21:50 tonight, South Korean President Yoon Suk-yeol suddenly delivered a televised speech, announcing the implementation of 'emergency martial law.' Yoon listed several reasons, claiming the opposition party is manipulating the National Assembly and disrupting the country, stating that he will eliminate 'anti-national forces' within South Korea. Specific martial law measures are not yet known.

The Korean market plummeted across the board, while safe-haven assets rose.

After the announcement, all tokens on the South Korean exchange plummeted, and there was a severe negative premium. The Bitcoin-Korean Won trading pair on Upbit spiked to below 90 million KRW (approximately $63,300), and Upbit subsequently experienced trading interruptions due to increased traffic. As of the time of writing, Bitcoin's price has rebounded to around 128 million KRW (approximately $90,000).

At 8 a.m. Eastern Time on Tuesday, Dec. 3, blockchaincenter.net’s Altcoin Season Index (ASI) lit up with a score of 85 out of 100, signaling the arrival of the much-anticipated ‘Altcoin Season.’ According to the site’s criteria, it qualifies as altcoin season when 75% of the top 50 coins outperform bitcoin (BTC) over the past 90 days.

The last time the Altcoin Season signal lit up was in March, but it was short-lived. A more extended run came in mid-Jan. 2024, stretching through the end of the

State of @rootstock_io Q3

Key Update: Rootstock verifies first ZK SNARK on Bitcoin, paving the way for advanced Layer 2 capabilities and enhanced scalability.

QoQ Metrics 📊

• New accounts ⬆️ 111.9%

• Revenue ⬆️ 13.4%

• Stablecoin market cap ⬆️ 5.56%

Read the full report 🔗

https://messari.co/3BdOFbk

Bitcoin exchange reserves have plummeted to their lowest levels in years, signaling increasing investor confidence in holding the cryptocurrency long-term.

Data from CryptoQuant reveals that more than 171,000 bitcoin have been withdrawn from major cryptocurrency exchanges since Donald Trump won the U.S. presidential election on November 5. This trend, reducing bitcoin's liquid supply, suggests investors are moving their holdings to cold storage, likely as part of a long-term strategy.

Exchange