November 29 Hotspots

November 29 WEB3 Hotspots

1. U.S. Personal Consumption Expenditure Data Meets Expectations

Recently released U.S. personal consumption expenditure data met expectations, and the market is optimistic about the prospect of a Fed rate cut in December, with gold prices slightly rising in the Asian morning session.

2. BTC DeFi Expected to Surpass Other Crypto DeFi in Two to Three Years

Cardano founder Charles Hoskinson believes that decentralized finance in the Bitcoin ecosystem will surpass all other crypto DeFi in two to three years.

3. Thanksgiving Holiday Affects Market Trading

On Thursday, due to the Thanksgiving holiday, U.S. financial markets were closed, resulting in weak liquidity. Bitcoin rebounded to $97,200 and is currently quoted at $96,382, up 0.68% in 24 hours. Ethereum's price broke through $3,684, reaching a new five-month high, driving a general rise in ecosystem tokens.

4. XRP Price Soars to New Highs Since 2021

XRP price reached $1.67 early Friday morning, the highest level since May 2021, currently priced at $1.66, with a daily increase of 13.8% and a weekly increase of 12.8%. The reasons for XRP's price surge include expectations for an XRP exchange-traded fund (ETF) and potential changes at the U.S. Securities and Exchange Commission (SEC).

5. Ethereum L2 Solutions May Surpass Solana

On November 29, Ethereum Foundation core researcher Justin Drake discussed on a podcast that Ethereum L2 solutions are expected to surpass Solana in terms of latency and throughput.

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