📰 Blockchain Morning Report - November 26, 2024 📷Exclusive insights into the latest developments in the crypto world, not to be missed!
1⃣Market Dynamics
🎯Bitcoin ($BTC): Bitcoin is in a consolidation pattern, with the price dropping below $93,000. MicroStrategy continues to buy at high levels, and whether the market's response will differ from the past remains to be seen.
💫Ethereum ($ETH): $ETH performed strongly, experiencing a powerful rebound, with Ethereum ecosystem coins leading in gains, reflecting liquidity shifting toward Ethereum.
💫Solana ($SOL): The $SOL price followed Bitcoin's pullback, with buying volume continuing to increase.
🎗Binance Coin ($BNB): The $BNB trend closely follows Bitcoin, and Binance held a global KOL conference in Japan, with market expectations of a repeat of last year's surge after the Maldives conference.
2⃣Industry Hotspots🔥
💡Rumble: Rumble announced a new Bitcoin distribution strategy, becoming a publicly listed company newly joining the Bitcoin ecosystem.
💫Trump-related Projects: Former President Trump's crypto project received a $30 million investment from Justin Sun, making Justin Sun the largest investor.
💫Capital Flow: Wintermute analysts observed that funds are flowing from Bitcoin to Ethereum, indicating that Ethereum may rise further.
💡USDT Supply Dominance: Ethereum regained the USDT supply dominance, surpassing Tron for the first time since 2022.
💫Institutional Interest: Wisdom Tree registered a spot XRP ETF in Delaware, reflecting institutional interest in XRP.
💡Polygon ($MATIC): @movementlabsxyz released the $MOVE token economics, and the community will receive 60% of the total supply of tokens.
💡pumpdotscience: Due to a GitHub oversight, wallets were attacked, potentially affecting the security of URO and RIF off-chain tokens.
3⃣Industry Trends💪
💡Suriname Policy: Suriname presidential candidate Maya Parbhoe stated that if elected, Bitcoin will be made legal tender.
💫Economic Policy Impact: Trump's comments on imposing a 25% tariff on goods from Mexico and Canada quickly strengthened the dollar.
💎Federal Reserve Policy: Federal Reserve's Goolsbee stated that interest rates will continue to decline, which may affect crypto market sentiment.
💡Wall Street Action: Wall Street is preparing to launch a new generation of cryptocurrency-related ETFs to help promote the development of the crypto market.
💫Pump.fun: Decided to indefinitely suspend the website's live streaming feature to avoid regulatory risks.
💡Avalanche (@avax): Launched a testnet and set up a $40 million reward program.
💫@ZKasino_io: Used user funds to go long on ETH on-chain, showing confidence in Ethereum.
💡Robinhood: Launched $WIF in the US, and there are signs that $BONK will be launched soon.
💡Market Sentiment: Today's Fear and Greed Index dropped to 79, indicating an extreme greed state.
