Important Messages in the Crypto World on November 28
1. Bitcoin has currently rebounded to $96,500, leading to price increases in many altcoins such as Ethereum and Dogecoin. Ethereum has reached a recent high of $3,684.
2. Vancouver Mayor plans to launch a 'Bitcoin Friendly City' initiative
Mayor Ken Sim of Vancouver, Canada, announced plans to add Bitcoin to the city's balance sheet as part of its investment diversification efforts.
3. Trump’s new government cabinet nominations completed, over 5 are 'crypto traders'
In the past few weeks, Trump has nominated several high-ranking officials. From the new government list, aside from well-known names in the crypto market like Musk and Howard Lutnick, many cabinet officials are strong supporters of cryptocurrency and have publicly disclosed their crypto holdings, including the nominated Vice President, Secretary of the Treasury, Secretary of Commerce, Secretary of Health and Human Services, and Director of National Intelligence.
4. Crypto supporter Paul Atkins becomes a popular candidate for SEC Chair
President-elect Trump's transition team has interviewed seasoned financial regulator and conservative financial figure Paul Atkins as a candidate for chair of the U.S. Securities and Exchange Commission (SEC).
5. Bitwise submits 10 cryptocurrency index ETFs to the SEC
Bitwise submitted 10 cryptocurrency index ETFs to the U.S. Securities and Exchange Commission (SEC), including: Bitcoin, XRP, Solana, Cardano, Uniswap, Polkadot, Chainlink, Ethereum, Avalanche, Bitcoin Cash.
6. CryptoQuant analyst: Ethereum's 'second bull market' has begun
CryptoQuant analyst crypto sunmoon stated that Ethereum's 'second bull market' has begun. In past cryptocurrency market bull runs, Ethereum has always experienced two rounds of increases, with the second bull market cycle always significantly exceeding the prices set in the first bull market cycle.
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