1. Market Overview:
- Bitcoin (BTC) experienced high volatility yesterday, nearly dropping below $90,000. Analysts from Standard Chartered believe that Bitcoin's short-term support range is between $85,000 and $88,700.
- Ethereum (ETH) showed steady performance; however, the foundation was once again found to be reducing its holdings in Solana (SOL), influenced by [Pump.fun], causing a slight price drop. Nevertheless, on-chain transactions remain active.
2. Hot News:
- MoveDrop Airdrop: @movementlabsxyz foundation announced the MoveDrop plan, which will airdrop 10% of tokens to the community.
- Dogecoin ETP: Valor, a subsidiary of DeFi Technologies, launched the first Dogecoin ETP in the Nordic region.
- SEND Token: @suilendprotocol announced that its affordable token SEND will officially launch on December 12.
- NFT Market Closure: @krakenfx announced that it will close its NFT market on February 27, 2025.
- Supra Public Chain Mainnet Launch: The integrated public chain Supra announced the launch of its mainnet and the initiation of TGE, while collaborating with multiple exchanges for its launch.
- EigenLayer Governance Upgrade: EigenLayer announced the establishment of a governance council network, allowing EIGEN holders to veto decisions made by the shareholder meeting.
- Bitwise BTC ETF Application Submission: The New York Stock Exchange has submitted the 19b-4 and S-1 application documents for the Bitwise BTC ETF to the U.S. Securities and Exchange Commission (SEC).
- Bitcoin Spot ETF Trading Volume: Yesterday, the trading volume of the U.S. Bitcoin spot ETF exceeded $5 billion, with the ZKasino project continuously increasing its leverage long positions in ETH, purchasing 3,723 ETH in the last two hours.
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