Bitcoin hits $98,668, setting a new all-time high
According to market data, Bitcoin rose to $98,668, setting a new historical high.
MicroStrategy Completes $3 Billion Convertible Notes Offering
On November 22, according to official news, MicroStrategy completed the issuance of $3 billion convertible notes at a 0% coupon rate, including an option granted to the initial purchaser under the note purchase agreement, which allows the purchase of additional notes within 3 days of the first issuance of the notes, with a total amount of $400 million. The initial purchaser fully exercised the option on November 20, 2024, and completed the purchase of additional notes on November 21, 2024.
Trump nominates Pam Bondi as U.S. Attorney General
On November 22, Trump nominated Pam Bondi as U.S. Attorney General. Previously nominated Matt Gaetz has given up the position.
Crypto Wins Key Court Victory Against SEC, Gensler Announces Resignation
The U.S. Securities and Exchange Commission (SEC)'s interpretation of the so-called "dealer rule" treats decentralized finance (DeFi) projects and traders as securities exchanges and brokers. However, a federal judge in Texas dealt a decisive blow to the SEC's crypto policy on Thursday, ruling that the agency's attempt to extend existing securities laws to decentralized finance users and projects was illegal and exceeded its regulatory authority.
Musk: Artwork is often used for money laundering and tax evasion
On November 22, Musk responded to a post on social media that “a banana taped to the wall sold for $6.2 million” by saying, “Artwork is often used for money laundering and tax evasion. This largely explains the apparent irrationality.”
Musk hints that he is paying attention to the US SEC
On November 22, the new co-director of President-elect Trump's "Department of Government Efficiency" (DOGE) seemed to be focusing on the efficiency of the U.S. Securities and Exchange Commission (SEC). Minutes after SEC Chairman Gary Gensler announced that he would resign on January 20 next year, Musk responded on X, "Does the SEC really only work in the office one day a month?" Musk has been at odds with the SEC for years. In 2018, the tech billionaire agreed to pay a $20 million fine and resign as chairman of Tesla to settle a securities fraud investigation. The investigation stemmed from one of his tweets that suggested he had obtained funds to take Tesla private. He was also investigated by the SEC for disclosing stock purchases before acquiring Twitter and mocked the agency as a "short sellers' enrichment committee."
Optimism Foundation transferred 1.286 million OP to OKX 4 hours ago, about 2.65 million US dollars
On November 22, according to monitoring by Ember, 4 hours ago, the Optimism Foundation transferred 1.286 million OPs, about 2.65 million US dollars, to OKX.
Sui releases first network downtime analysis report: caused by incorrect upgrade code, fixed within 2.5 hours
On November 22, Sui officials stated, “Between 1:15 and 3:45 Pacific Time on November 21, 2024, the Sui mainnet went down. All validators fell into a crash loop, making it impossible to process any transactions. The Sui network experienced its first network failure due to an error in the congestion control code. The error stemmed from a recent upgrade to the congestion control code to make better use of shared objects. Sui contributors quickly deployed a fix and restored normal network activity within 2.5 hours.”
Binance CEO Richard Teng: Achieving the 1 billion user goal requires strengthening cryptocurrency education and adoption
Richard Teng, CEO of Binance, talked about the strategy to achieve the goal of 1 billion users in the Binance Square (Celebrating Binance CEO's 1st Anniversary) AMA. Currently, Binance has about 242 million users. Teng pointed out that in order to achieve the goal of 1 billion users, it is necessary to strengthen the education and adoption of cryptocurrencies. First, Binance will focus on increasing the popularity of education, creating more content and promoting knowledge sharing. Secondly, improving the transparency and coordination of jurisdictions in various countries is also key. Finally, Binance will continue to build user-friendly and more intuitive products. Teng emphasized that Binance will continue to invest in market training and strive to create better user interface and user experience (UI/UX), while constantly listening to user feedback. These initiatives will help Binance promote the widespread adoption of cryptocurrencies worldwide and achieve its user growth goals.
The "Crypto Team" debuts: The White House opens a crypto-friendly era
Amid the U.S. blockchain industry's concerns about policy changes, the Trump administration will return to power in 2025, sparking widespread discussion about its cryptocurrency policy. Trump's potential appointments, including key positions such as the SEC and the Treasury Department, may be taken over by crypto-friendly people, which may bring opportunities for the legalization and promotion of blockchain technology and crypto assets. Historically, the U.S. government has wavered on crypto regulation, and Trump's return may mark a major shift in policy, with the industry looking forward to a more open innovation environment.
AI Agent's token issuance increased 100 times in one week, and the "Base Agent" ecosystem is emerging
Recently, the AI token craze in the Base ecosystem has re-emerged, especially the rapid development of AI Agent has attracted widespread attention. Projects such as Virtual Protocol have promoted innovation in on-chain virtual experience through decentralized AI factories and AI Agent technology. Coinbase's Base platform is also actively supporting the decentralized development of AI technology, launching a variety of tools and tokens, and attracting a large amount of capital inflow. The future development of the AI Agent track needs to focus on differentiated competition, interconnected AgentFi, infrastructure support, and B-side revenue sources.
Bitcoin is approaching the 100,000 mark. Should we chase the rise of BTC or cover our positions in altcoins?
The price of Bitcoin continues to rise, attracting a large amount of institutional funds, while the altcoin market is in a slump, and investors are faced with a choice. Companies such as MicroStrategy have increased their market value by issuing additional shares to buy Bitcoin. At the same time, meme coins have also attracted a lot of funds, further compressing the market space for altcoins. Although Bitcoin is currently leading the trend, history shows that its periodic pullback may create opportunities for altcoins to rebound. Investors can pay attention to altcoin tracks with technological innovation and practical application potential, such as DeFi, RWA, DePin and AI, in order to profit from the future market recovery.
Why is the Ethereum (ETH) price rising today?
Ethereum (ETH) price rises above $3,000 as strong support and an upcoming "golden cross" pattern form, which could push the price above $4,000. Ethereum has been consolidating around $3,000 over the past week, forming a strong demand zone and increasing whale activity. Technical analysis shows that ETH price is expected to achieve a long-term upward trend through a "golden cross" with a target price of $3,700 and above.
