Featured News
1. XRP Ledger reduces the base reserve from 10 XRP to 1 XRP to lower the user threshold
2. Aave TVL hits a record high, possibly due to a surge in deposit rates
3. Wintermute associated address bought 2.366 million AIXBT 15 hours ago
4. USDe surpasses DAI in market value, becoming the third largest stablecoin
5. Source: Trump will announce the successor to SEC Chairman as early as tomorrow
Trending Topics
来源：Overheard on CT（tg：@overheardonct），Kaito
[COINBASE] Coinbase was a hot topic today, mainly due to several key developments. The platform announced a new partnership with Apple Pay, which allows users to purchase cryptocurrencies directly through Apple Pay, which was positively reviewed. In addition, the US government transferred a large amount of Bitcoin to Coinbase, which led to market speculation about a potential sell-off. At the same time, Coinbase launched the meme coin MOODENG, which sparked market discussions and led to discussions about other possible new coins to be launched in the future.
[MOODENG] As a meme coin based on Solana, MOODENG has gained attention due to its inclusion in Coinbase's listing plan, with significant increases in price and trading volume. From a market cap of $300 million just a few months ago, it has rapidly climbed to a valuation expected to exceed $1 billion, sparking discussions in the market about its potential to become an important player in the meme coin space, similar to Dogecoin. This listing has also fueled speculation about other potential meme coins that may follow (such as PNUT and CHILLGUY). Although there are still some doubts about its long-term sustainability, this listing is seen as a positive signal for the meme coin market, attracting attention from both retail and institutional investors.
[LINK] LINK has garnered widespread attention due to its recent price surge, breaking through key resistance levels and reaching new highs has become a hot topic. Discussions emphasize LINK's partnerships with several major financial institutions (such as Swift, UBS Group, and the Central Bank of Brazil), highlighting its significant role in connecting traditional finance with blockchain technology. This narrative sharply contrasts LINK's actual progress in institutional collaboration with XRP's perceived lack of momentum. Additionally, LINK's integration with Europe's first tokenized securities trading system and its increasing popularity in the financial sector have also become focal points.
[AVAX] Today's discussion about AVAX focuses on its significant price increase, having surpassed $50, along with predictions for further growth in the future. The upcoming Avalanche9000 network upgrade scheduled for December 16th has become the focal point, promising stronger interoperability and custom L1 chain creation capabilities. The community is optimistic about AVAX's potential to surpass other cryptocurrencies (like XRP) in institutional adoption. Additionally, the Avalanche ecosystem is continuously expanding through new projects and partnerships (including in the gaming and NFT sectors), contributing to its growing popularity.
Threads & Tweets
1. Polymarket data is not as grim as the market expected; @hosseeb
2. The echo chamber of crypto Twitter, @loomdart
Selected Articles
1. (Arthur Hayes: Making ICO Great Again)
Arthur Hayes
In this article, a sharp perspective analyzes the rise and fall of ICOs in the cryptocurrency industry, providing insights into why ICOs can return to their peak. He profoundly points out that the over-reliance on centralized trading platforms and venture capital-supported high-valuation projects has become a shackle for the industry's development, contrasting meme coins with the capital formation mechanism of ICOs, and advocating that crypto projects should return to the decentralized and high-risk, high-return origins. Through interpretations of technological potential and viral dissemination, Arthur Hayes once again showcases his foresight regarding the future development of the industry.
2. (WSJ: Behind the Bitcoin Craze, the Risks of MicroStrategy Stock Leverage Emerge)
zhouzhou, BlockBeats
This article analyzes the leveraged funds launched by Tuttle Capital and Defiance ETFs, focusing on MicroStrategy stock to amplify its correlation with Bitcoin returns. These funds leverage through swaps and options but face liquidity issues, leading to underperformance. Investors are disappointed with the fund's deviation, and critics warn that these funds exacerbate the volatility of MicroStrategy's stock price and carry risks that could lead to losses.
Maximum Increase & Decrease
Token volatility on December 3rd, filtered and ranked by trading volume
Top Gainer
1. $HBAR
2. $MOODENG
3. $ONDO
Top Loser
1. $ZEREBRO
2. $WEXO
3. $CLANKER
On-chain data
December 3rd on-chain funds flow situation
