📰 Blockchain Morning Report - December 2, 2024 📷 Follow for exclusive insights into the latest developments in the crypto space, don't miss out.
1⃣ Market Dynamics
🌕 Bitcoin ($BTC): Although $BTC's price remains relatively stable, its market share has dropped to 56.75%, with analysts suggesting this could indicate the arrival of 'altcoin season.' Additionally, historical data shows that Bitcoin typically experiences significant gains in December of halving years, so this month's returns are worth looking forward to.
🌖 Ethereum ($ETH): $ETH price continues to rebound, the entire Ethereum ecosystem enters a counterattack phase, DeFi projects are beginning to rediscover their value, returning to the top 30 in global asset market capitalization, and the total locked value of Ethereum liquidity re-staking protocols has surpassed $15 billion.
🌗 Solana ($SOL): Although $SOL has been closely following Bitcoin's trends, its market capitalization has been surpassed by $XRP.
🌘 Binance Coin ($BNB): The stability of $BNB signifies a reward for holders.
2⃣ Industry Hotspots
🔥 HyperliquidX ($HYPE): The $HYPE token of @HyperliquidX surpasses Aave in market capitalization, dominating decentralized perpetual contract trading.
📈 $XRP: $XRP proves its market position with strong performance, market capitalization increasing by over $3 billion, surpassing SOL to become the fourth largest cryptocurrency by market cap.
📢 CFTC and Ripple: Former CFTC chairman suggests that the SEC may drop the lawsuit against Ripple.
🌐 BASE Network: The current locked amount is $372.8 million, with a 24-hour increase of 2.88%.
🌉 Starknet: The total value bridged exceeds 950,000 ETH.
3⃣ Industry Trends
🎁 Token Unlocking: This week, large amounts of TAIKO, ADA, ENA, and other tokens will be unlocked.
💹 Cryptocurrency Market Cap: The total market capitalization of cryptocurrencies increased by over $1 trillion in November.
🖼 NFT Market: November NFT sales surpassed $562 million, reaching a six-month high.
💼 Corporate Adoption: Michael Saylor discusses Bitcoin adoption with the Microsoft board.
💬 Cathie Wood: Supports regulatory adjustments and focuses on the crypto and innovation sectors.
💡 Bitwise CEO: Suggests that project teams and market makers challenge higher market capitalizations in a bull market.
📈 Tim Draper: Predicts Bitcoin will reach $250,000 by 2025, and will rise 30 times in the future.
📰 Trump and SEC: (Wall Street Journal) reports that if Trump returns to the White House, the SEC may relax lawsuits against cryptocurrency exchanges.
🇰🇷 South Korea Policy: South Korea postpones the collection of cryptocurrency taxes until 2027.
