● BTC briefly surpassed $99,500, setting a new historical high
According to Binance market data, on November 23 at around 3 AM East 8 Time, BTC surpassed 99,500 USDT, briefly touching 99,588.01, setting a new historical high.
● BTC price hits the largest monthly increase in history
According to Cointelegraph, the price of Bitcoin (BTC) rose over 40.8% in November, marking the largest monthly increase in history, surpassing $99,000. Investor interest in risk assets increased after Trump won the 2024 U.S. presidential election, driving up the price of Bitcoin. Analysts expect Bitcoin to break through $100,000.
On November 22, stablecoin inflows into cryptocurrency exchanges reached a monthly high of over $9.7 billion, indicating optimistic signals for the price of Bitcoin. CoinGlass data shows that November was the most bullish month in Bitcoin's history, with an average return rate of over 46%. The investor sentiment index rose to 88, indicating 'extreme greed', but may also signal a potential market adjustment. Marcin Kazmierczak, co-founder of RedStone, stated that it is only a matter of time before Bitcoin surpasses $100,000 as a hedge against inflation.
● Media: Mark Uyeda may become the new SEC chairman, prioritizing clarity in cryptocurrency regulation
According to Cointelegraph, Republican SEC commissioner Mark Uyeda stated that if elected as the next chairman, he would prioritize regulatory clarity for cryptocurrencies.
Uyeda, in an interview with Fox Business, stated that current chairman Gary Gensler has waged a 'war' on cryptocurrencies. Gensler announced he would step down on January 20, coinciding with Trump's inauguration day. Uyeda emphasized the need for clarity on which cryptocurrencies fall under SEC regulation and suggested creating a regulatory sandbox for crypto projects to foster innovation in the U.S.
Trump may consider nominating Uyeda to succeed as SEC chairman, but no specific candidate has been announced yet.
Uyeda criticized the SEC's enforcement actions against cryptocurrency companies, stating that it has not provided clear rules.
The SEC reported that it initiated 583 enforcement actions in the fiscal year 2024, involving about $8.2 billion in financial remedies.
● Binance's compliance staff increased by 34% year-on-year, indicating the industry has entered a new stage of maturity
According to CoinDesk, Binance stated that as its compliance department continues to grow rapidly, it expects to have 645 full-time compliance staff by the end of the year, a 34% increase from November last year. As of now, including contractors, over 1,000 employees are focused on compliance work.
Binance's Chief Compliance Officer Noah Perlman stated: 'Our industry has entered a new stage of paradigm shift and maturity, where regulatory compliance has become an important standard for user experience and protection, business success, and sustainable growth. The continuous growth of our compliance team and projects is a testament to this and to the strong sustainable growth phase that our industry is destined for.'
● Wisdomtree launches XRP ETP in Europe
According to reports from Wu Shuo, asset management company Wisdomtree announced the launch of its latest cryptocurrency exchange-traded product, Wisdomtree Physical XRP (XRPW), on major exchanges in Europe.
Wisdomtree stated that the ETP product is fully backed by XRP, providing risk exposure to its spot price through an institutional-grade physical support structure.
● Assets under management for digital asset ETPs reach $150 billion, setting a new record
According to PANews, CoinShares research director James Butterfill stated on the X platform that the total assets under management for digital asset ETPs have reached $150 billion for the first time, mainly due to the rise in Bitcoin prices.
● CBOE to launch cash-settled Bitcoin options linked to spot Bitcoin on December 2
According to Deep Tide TechFlow, on November 22, the Chicago Board Options Exchange (CBOE) announced that it would launch its first cash-settled options product linked to spot Bitcoin on December 2 (Monday).
