Elon Musk asks a US court to prevent OpenAI from transitioning to a for-profit enterprise
Prominent American entrepreneur Elon Musk has requested a U.S. court to prevent the OpenAI research center from 'illegally' transitioning to a for-profit enterprise. A spokesperson for OpenAI stated that Musk's application is 'repetitive and still baseless.' In February of this year, Musk filed a lawsuit stating that he had an agreement with the company's two co-founders when providing funding and other support for the establishment of OpenAI, that OpenAI should be a 'non-profit organization,' but OpenAI violated its founding goals and mission and pursued profit instead. In June, Musk withdrew this lawsuit and refiled it in August. In November this year, Musk escalated the lawsuit against OpenAI again, accusing it of attempting to monopolize the generative AI market.
BTC breaks through $97,500
Market data shows that BTC has broken through $97,500, currently reported at $97,512, with a 24-hour increase of 0.66%. The market is highly volatile, please manage risk accordingly.
(Wall Street Journal): If Trump returns to the White House, the U.S. SEC may relax legal actions against cryptocurrency exchanges
Bitcoin.com News stated on the X platform that an article in the Wall Street Journal pointed out that once Donald Trump returns to the White House, the U.S. Securities and Exchange Commission may relax legal actions against cryptocurrency exchanges.
Total NFT sales on the Solana chain exceed $6 billion
According to the latest data from CryptoSlam, the total sales of NFTs on the Solana chain have reached $6,008,983,463, with approximately 59,484,312 transactions on-chain, including 5,429,063 on-chain buyers and 2,874,542 sellers.
Analysis: The altcoin season may be about to start
Bitcoin has increased by 129% so far this year, mainly driven by the results of the 2024 U.S. presidential election and the halving event in April 2024. Although Bitcoin prices have risen, Bitcoin's dominance is declining. On November 30, 2024, Bitcoin's dominance fell to 56.1%. This indicates that Bitcoin investors are taking profits and rotating into altcoins, suggesting that the altcoin season may be about to begin.
Starknet's total value locked in bridges exceeds 950,000 ETH
Data from Dune shows that the total value locked in zkSync bridges reached 3,736,495 ETH, while Starknet's total value locked (TVB) is 956,317 ETH, with a total of 1,227,224 bridging user addresses; Arbitrum's total value locked in bridges is 4,420,685 ETH, Optimism's total value locked is 825,631 ETH, and Base's total value locked is 612,854 ETH.
Bitwise CEO: Project parties and market makers should change their mindset and try to challenge higher market values in a bull market
Bitwise CEO Hunter Horsley posted on social media stating that the bear market breeds zero-sum thinking, where one profits by taking a piece of the pie from others in a constantly shrinking cake.
As of November this year, the total market value of cryptocurrencies has surpassed the previous high of $3 trillion in November 2021. The market is entering a period where the cake is getting bigger and bigger, and it is time to change the way we think. The winning mindset at this stage is to encourage maximizing the size of the cake, increasing the number of participants, treating on-site participants kindly, and supporting teams to maximize their potential and strengths.
Ethereum returns to the top 30 in global asset market capitalization
According to data disclosed by Cointelegraph on the X platform, Ethereum's market value has surpassed that of the American chain membership warehouse giant Costco and Vanguard Group, Inc., returning to the top 30 in global asset market capitalization, currently ranking 29th.
Valuation indicators show that Bitcoin still has upside potential, could it rise to $146,000?
Although Bitcoin prices have recently adjusted, valuation indicators show that the bull market cycle has not yet ended, and further increases may be possible in the future. Analysts expect the target price for this cycle to be $146,000. The amount of coins held by new investors is lower than in previous bull cycles, retail purchasing activity has slowed, while large investors have significantly increased their holdings. Exchange-traded fund (ETF) investors led purchases in November, with inflows hitting record highs. Despite price corrections, BTC remains in a bull market phase, indicating that there is room for price increases.
Interpretation of Binance Research report: The interest rate cut cycle is coming in 2024, a comprehensive analysis of the impact of Federal Reserve policies
In September 2024, the Federal Reserve will cut interest rates for the first time since 2020, initiating a new round of interest rate cuts that will impact global financial markets. Binance Research's report analyzes the impact of the Federal Reserve's interest rate policies on the economy and assets, pointing out that rate cuts lower borrowing costs, prompting investors to seek high-return channels. The report indicates that rate cuts typically support asset prices, but the effect is limited during economic downturns. Central banks around the world have followed the Federal Reserve in cutting rates, and investors need to be cautious in responding to differences in performance across different asset classes.
Binance lists WHY and CHEEMS, but the tokens plummet; is the BNB Chain about to gain momentum?
After Binance announced the listing of WHY and Cheems contracts, the prices of these two tokens fell sharply, attracting market attention. Nevertheless, the BNB Chain ecosystem performed strongly, with total locked value significantly increasing, attracting a large influx of funds, especially from Solana and Ethereum. The expansion of the BNB ecosystem benefited from the support of Kraken exchange and the launch of Binance options contracts, further enhancing its international layout and market liquidity. With the rise of several emerging token projects, the future development potential of BNB Chain is enormous.
In-depth decoding of Pumpfun: the untold story and valuation analysis behind the meme coin casino
Pumpfun is a meme coin issuance platform based on the Solana chain, which has rapidly attracted the attention of investors and users since its launch in January 2024, thanks to its innovative pricing model and decentralized mechanism. Its total revenue has exceeded 1.52 million SOL, accounting for 70% of the meme coin issuance share on the Solana chain. However, Pumpfun's recent selling activities have raised market concerns, possibly indicating a strategic adjustment or funding needs. SecondLane listed 1% equity of Pumpfun at a valuation of $1.5 billion, but cash flow discounted analysis shows its reasonable valuation should be around $1 billion, indicating that the current valuation may be inflated.
