Headlines
BTC breaks through $98,000
The market shows that BTC has broken through $98,000 and is now trading at $98,015.81, with a 24-hour increase of 0.41%. The market is volatile, so please do a good job of risk control.
▌Tether mints an additional $3 billion in USDT stablecoins
Data from Arkham Intelligence shows that $2 billion in USDT has been minted on the Ethereum blockchain, and an additional $1 billion in USDT has been minted through continuous transactions on the Tron network.
Since November 8, 2024, Tether has minted approximately $13 billion.
Quotes
As of press time, according to Coingecko data:
BTC’s latest transaction price is $97,985.14, with a daily change of +0.0%;
ETH's latest transaction price is $3,362.29, with a daily change of -1.3%;
BNB’s latest transaction price is USD 659.55, with a daily change of +1.1%;
SOL's latest trading price is $259.17, with a daily change of +1.1%;
DOGE’s latest transaction price is 0.4273 yuan, with a daily increase or decrease of +9.2%;
XPR’s most recent trading price is $1.42, with a daily change of -1.2%.
policy
Coin Center Research Director: Investor protection and regulatory clarity may promote the development of the cryptocurrency industry
Peter Van Valkenburgh, director of research at Coin Center, expects that a clearer regulatory framework may emerge for centralized markets and stablecoin issuers. The optimism stems from the fact that the new government may focus on promoting innovation in traditional financial applications of cryptocurrencies.
Meanwhile, streamlined investor protection and regulatory clarity could boost the cryptocurrency industry. However, he stressed the need to remain vigilant to ensure such measures do not inadvertently stifle the rights of developers and users in decentralized systems.
▌French users are banned from accessing the Polymarket prediction market
Polymarket has blocked French users and warned against attempts to circumvent the block. According to a social media post, Polymarket now has French users on its restricted users list. The news comes weeks after the country’s gambling regulator allegedly said it would ban prediction markets. However, some French Polymarket users on social media platform X said they are still accessing the prediction market through virtual private network (VPN) applications.
Blockchain Applications
▌UK (The Times) discusses whether pension funds should invest in Bitcoin
According to Bitcoin News, a UK plan will allocate 3% of pension funds to Bitcoin, but many people say that Bitcoin is too volatile and is not suitable as a pension fund, but there are also many people who believe that Bitcoin is "digital gold" and is worth investing in.
For the above reasons, (The Times) published an article discussing whether pensions should invest in Bitcoin.
Cryptocurrency
▌Bitcoin ETF sets new record in Brazil
As the Bitcoin price rate approaches $100,000, the demand and price of Bitcoin exchange-traded fund (ETF) shares on the Brazilian stock exchange have soared. Hashdex, the first cryptocurrency ETF launched on B3, hit an all-time high with a net asset value of nearly $689 million. BITH11, an ETF offered by Hashdex that provides 100% Bitcoin exposure, hit an all-time high with a net asset value of nearly $259 million. Every cryptocurrency ETF that includes Bitcoin has hit an all-time high. Only seven ETFs failed to do so, focusing instead on ETH and other areas of cryptocurrency, such as decentralized finance, non-fungible tokens (NFTs), and Web3.
▌Analyst: Long-term BTC holders show signs of growing greed
According to crypto analyst Ali (@ali_charts) on the X platform, long-term BTC holders are showing signs of growing greed, and historically, this behavior suggests that it may take 8-11 months for BTC to reach a market peak. If the trend continues, a potential peak could be seen between June and September 2025.
▌The supply of WBTC on Ethereum decreased by 5,844 in one week
On November 16, the supply of WBTC on Ethereum was 146,734. By November 24, this number had dropped to 140,890 WBTC, a decrease of 5,844. More interestingly, the Ethereum transaction monitor btcparser.com marked a destruction transaction of 5,182.34 WBTC. The operator of btcparser.com said: "It is very rare for such a large amount of WBTC to flow on the Ethereum chain. Interestingly, this time they seem to have been burned."
▌SAND breaks through $0.8, with a 24-hour increase of 81.2%
The market shows that SAND has broken through $0.8 and is now quoted at $0.7898, with a 24-hour increase of 81.2%. The market is volatile, so please do a good job of risk control.
▌In the past 12 hours, the entire network has liquidated 317 million US dollars, mainly long orders
Data shows that in the past 12 hours, the entire network has liquidated $317 million, of which long orders have liquidated $227 million and short orders have liquidated $89.5236 million. BTC liquidated $65.5598 million and ETH liquidated $21.4753 million.
Important economic developments
▌Real Vision founder: New Treasury Secretary Scott Bessent favors using a weak dollar and low oil prices to boost U.S. and global economic growth
Raoul Pal, a former Goldman Sachs executive and founder of macro research firm Real Vision, posted on social media, “New Treasury Secretary Scott Bessent favors using a weak dollar and low oil prices to boost U.S. and global economic growth. That’s all you need to know. It will boost financial conditions. Scott is good for your bag. I’ve known him for more than a decade, and he understands that.”
▌The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 52.7%
According to CME's "Fed Watch": The probability of the Fed maintaining the current interest rate unchanged by December is 47.3%, and the probability of a cumulative interest rate cut of 25 basis points is 52.7%. The probability of maintaining the current interest rate unchanged by January next year is 37.2%, the probability of a cumulative interest rate cut of 25 basis points is 51.6%, and the probability of a cumulative interest rate cut of 50 basis points is 11.3%.
Golden Encyclopedia
What is an airdrop?
Airdrops are the cryptocurrency equivalent of a surprise gift. Imagine opening a box and discovering coins inside! This is similar to receiving an announcement about free coins or tokens from a new blockchain project. Crypto airdrops involve distributing digital assets to a user’s wallet for free, or in exchange for completing simple tasks, such as following a project on social media or joining their online community.
Airdrops play a vital role in the crypto ecosystem. New projects use airdrops as a marketing strategy to increase awareness and build a user base. They act like free samples in a supermarket, enticing users to try new products. From a user’s perspective, airdrops offer an opportunity to get new cryptocurrencies with minimal effort and the potential for huge gains. These tokens are more than just freebies, they are a way to participate in the growing digital economy.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
