Only 0.01% of global listed companies hold Bitcoin, and the market is still in the 'elite experimental stage.'
Author: Deep Tide TechFlow
Yesterday's market dynamics.
Robinhood launches Ethereum staking service for European users.
According to Crowdfund Insider, Robinhood announced the launch of Ethereum (ETH) staking services, allowing European users to earn ETH holding rewards through this service.
Robinhood Crypto stated that during the limited-time event, '100% yield matching' will be offered, up to €10,000. ETH staking not only contributes to the security and efficiency of the Ethereum network but also allows users to earn staking rewards. The staking service provided by Robinhood is easy to operate, allowing users to easily stake and unstake ETH.
Additionally, earlier this year, Robinhood Crypto launched Solana (SOL) staking services in Europe, and current ETH and SOL staking can enjoy a '100% yield matching' event.
Movement co-founder accuses the Scroll team of multiple misconducts that have damaged the reputation of the EVM L2 ecosystem.
Movement Labs co-founder Rushi Manche publicly accused the Scroll team of numerous issues on platform X, including:
The community has been around for years, yet it launched a predatory incentive program that ultimately shifted the burden onto ordinary investors.
The team has been selling secondary market shares for several years before the launch.
Other members of the team were forced to buy in at a valuation of $1.8 billion, while senior leadership sold off at the same time.
The Scroll team directly allocated the airdrop to their own wallets and then cashed out.
Designed the most predatory token economic model, aimed at harming every community member.
Manche accused the Scroll team's actions of damaging the reputation of the EVM L2 ecosystem and called for improvements to avoid 'making it look like a complete scam.'
Chinese concept stock listed company SOS announced plans to purchase up to $50 million in Bitcoin.
According to a press release, Chinese concept stock listed company SOS Ltd. announced that its board has approved an investment plan to purchase up to $50 million worth of Bitcoin. SOS chairman and CEO Wang Yandai stated that the Bitcoin market is currently performing strongly and benefiting from the launch of Bitcoin ETFs and improvements in the U.S. regulatory environment.
The announcement shows that SOS will adopt quantitative trading strategies, including investment, trading, and arbitrage to execute the plan. Current Bitcoin prices have reached about $93,000, and the market expects it to break $100,000 by the end of the year. The company believes that Bitcoin is not only the cornerstone of the digital asset ecosystem but also has the potential to become a global strategic reserve asset.
Moonshot launches meme coin $1 on the Solana chain.
According to Moonshot Listings monitoring, Moonshot has launched the meme coin just buy $1 worth of this coin ($1) on the Solana chain. The $1 market cap is currently reported at $62.2 million.
Binance will launch MORPHO and CHILLGUY perpetual contracts, supporting up to 75x leverage.
According to official news, Binance contracts will launch MORPHOUSDT and CHILLGUYUSDT perpetual contracts.
MORPHOUSDT perpetual contracts will be launched on the 27th at 22:30 (UTC+8), and CHILLGUYUSDT perpetual contracts will be launched at 22:45 (UTC+8). Both contracts support a maximum of 75x leverage.
21Shares analyst: Investors may exhibit 'preemptive' behavior before the presidential inauguration in January next year.
According to Business Insider, 21Shares crypto research strategist Matt Mena stated that the $100,000 Bitcoin mark is an important psychological resistance level, and many holders since the last bull market have chosen to take profits there. This price behavior pattern is similar to when Bitcoin approached the historical high of $69,000 in June 2021. At that time, Bitcoin lingered near that price for nearly seven days before breaking through, with participants from the last cycle expecting a pullback and choosing to take profits.
For the future market, Mena expects Bitcoin may further pull back to the support level of $80,000, which will help the healthy development of the market. Prior to this, the first key support level below $90,000 is at $87,000. Options market data shows that traders are generally betting that Bitcoin will touch $80,000 by the December expiration.
Nevertheless, Mena remains optimistic about the year-end market, expecting Bitcoin to reach the range of $110,000 to $120,000. He explained that during holidays, investors often share their Bitcoin and cryptocurrency investment experiences with family and friends, which may attract new investors to enter the market. In addition, the market is full of expectations for Trump's second term. Mena believes that investors may exhibit 'preemptive' behavior before the presidential inauguration in January next year, which may provide momentum for Bitcoin to break $100,000.
OKG Research: Only 0.01% of global listed companies hold Bitcoin, and the market is still in the 'elite experimental stage.'
According to statistics from OKLink Research Institute, since November 6, 17 listed companies in the United States and Japan have announced holdings or approval of Bitcoin as a strategic asset. Among them, MicroStrategy purchased 55,500 Bitcoins for $5.4 billion, demonstrating strong allocation willingness. Currently, only 0.01% of global listed companies hold Bitcoin, indicating that this is just the tip of the iceberg of large institutions' purchasing power, and the market is still in the 'elite experimental stage.'
Base ecosystem AI agent Clanker achieves a single-day fee of over $1.2 million, with token trading volume surpassing $100 million.
According to Dune panel data, the AI agent token launch platform Clanker based on the Base network achieved a record high of $1.2 million in fee revenue on November 26.
On the same day, Clanker's token trading volume reached $116 million, breaking the $100 million mark for the first time, accounting for approximately 32.8% of the total trading volume on the Pump Fun platform. The platform's native token CLANKER rose over 40% in the past 24 hours, with a market value exceeding $120 million.
CZ: It is recommended to leverage blockchain to empower AI data labeling and build a decentralized AI data processing ecosystem.
Binance founder Zhao Changpeng (CZ) pointed out on social platform X that AI data labeling and related data processing work are very suitable for being conducted on the blockchain. This model can break geographical limitations and achieve instant payments for global low-cost labor through cryptocurrency.
CZ stated that the decentralized storage system Greenfield of the BNB Chain has the relevant storage capabilities, but more supporting tools still need to be developed. He called on developers to actively participate and collaboratively build a decentralized AI data processing ecosystem.
Japanese social media giant Line plans to launch a mini Dapp platform next year.
Japanese social media giant Line plans to launch a blockchain application (Dapp) platform by the end of January 2025. According to Sam Seo, chairman of the Kaia DLT Foundation, the first batch will launch 30 Dapps, with plans to expand to 150 by the end of the first quarter.
The platform will target Line's 196 million active users globally, primarily covering the markets of Japan, Taiwan, Thailand, and Indonesia. Seo stated that the platform will focus mainly on gaming applications while also including social, DeFi, and AI-based chat applications. This move follows the recent trend of social media platforms laying out blockchain technology after Telegram launched games like Catizen and Hamster Kombat on the TON blockchain.
Kraken updates its token listing roadmap, adding Gravity (G), Michi (MICHI), and Sigma (SIGMA)
Cryptocurrency exchange Kraken updated its token listing roadmap. The new roadmap removed Vanar Chain (VANRY) and Reserve Rights (RSR), indicating the addition of Gravity (G), Michi (MICHI), and Sigma (SIGMA), while retaining previously planned tokens such as COW, DOGS, FWOG, GOAT, PNUT, NOT, and Neiro.
Kraken stated that the tokens listed in the roadmap only represent intentions for planned listings and do not equate to confirmed listings. These tokens will not support deposits and trading until officially announced by the Kraken Pro X official account.
Market dynamics.
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