📰 Blockchain Morning Report - December 03, 2024 📷 Follow us for exclusive insights into the latest developments in the cryptocurrency space, don't miss out!
1⃣ Market Dynamics
🌕Bitcoin ($BTC): $BTC remains stable, allowing other altcoins to shine. Miner Marathon Digital plans to raise up to $805 million to buy more Bitcoin, while MicroStrategy has added 15,400 Bitcoin, worth $1.5 billion. The government has also conducted large Bitcoin transfers to Coinbase and new addresses.
🌖Ethereum ($ETH): The exchange rate has dropped again, indicating difficulty in sustaining an upward trend in the short term.
🌗Solana ($SOL): As a leverage of Bitcoin, its price volatility is greater.
🌘Binance Coin ($BNB): Price fluctuations occurred due to unconfirmed rumors of Binance sales.
2⃣ Project Progress
📈$XRP: Market capitalization has increased by over 50%, surpassing Uber and Siemens, becoming the 114th asset by market cap globally. Meanwhile, WisdomTree is seeking SEC approval for a Spot XRP ETF.
🌟0xSonicLabs: After achieving the blockchain 'Genesis', it is preparing for a public release, and the price of $FTM has risen.
💳Coinbase: Supports Apple Pay for cryptocurrency purchases and has launched $MooDengSOL.
💹Tether: Minted an additional 1 billion USDT on Ethereum.
🚀Arbitrum: Became the first layer-2 network on the Uniswap protocol with a monthly trading volume exceeding $20 billion.
3⃣ Industry Hotspots
⚖ Regulation: Coinbase's Chief Policy Officer states that Trump may choose someone with the same vision to serve as the SEC Chairman. Bitwise CEO believes the shift in U.S. regulatory stance is a significant catalyst for the crypto industry.
🇧🇴Bolivia: After lifting the cryptocurrency ban, digital asset trading has increased by 112%.
💡Binance Labs: Warns users to be cautious of fake accounts impersonating the team.
💼Sora Ventures: Launched a $150 million fund to promote Bitcoin financial strategies among Asian public companies.
🖼NFT Market: Nike's NFT startup RTFKT will close before January, despite recently issuing a new token.
🏆BlackRock and MicroStrategy: The two entities with holdings exceeding 400,000 BTC.
