📰Blockchain Morning Report - November 30, 2024 📷 Follow us for exclusive insights into the latest developments in the crypto world, don't miss out!
1⃣Market Dynamics
🌕Bitcoin ($BTC): Bitcoin attempted to break $100,000 in the evening but was unsuccessful. BlackRock's IBIT ETF performed strongly in pre-market trading, with a trading volume of $49 million and active buy orders accounting for 43%. Bitwise analysts noted that a stronger dollar might prevent Bitcoin from breaking through further.
🌖Ethereum ($ETH): Despite continuous positive news, $ETH has not been able to keep up with Bitcoin's rise.
🌗Solana ($SOL): The only token able to keep up with Bitcoin's upward trend, its on-chain activity remains robust, unaffected by centralized exchange market trends.
🌘Binance Coin ($BNB): Has been surpassed by $XRP and is now fifth by market capitalization, but there is a trend towards developing into $ETH.
2⃣Industry Hotspots
🏢CME Influence: CME Group dominates the Bitcoin ETF market, influencing the structure of the cryptocurrency market.
🚫CraigWright: Courts in the UK and the US dismissed his appeal, ruling his claims about the identity of Bitcoin's founder as 'false' and based on 'AI-generated illusions'.
📈Ripple Stablecoin: $XRP's market cap exceeded $100 billion, rising by 13%, surpassing BNB to become the fifth largest cryptocurrency by market cap. The New York Department of Financial Services is expected to approve Ripple's stablecoin RLUSD, set to launch on December 4.
💥HyperliquidX: Market cap exceeds $6.8 billion after the airdrop, making it one of the largest airdrops of the year, and it does not strictly investigate witch-hunting behavior.
🌟Ethena Labs: Launched stablecoin USDtb in collaboration with Securitize, with $ENA performing outstandingly in the Ethereum ecosystem.
3⃣Industry Trends
💹Tether Issuance: A total of 14 billion USDT has been issued since November 8, with strong market liquidity demand.
🔒Account Security: ZachXBT recommends users enhance account security and avoid using Gmail or SMS two-factor authentication.
💸Global Money Supply: Jamie Coutts pointed out that the global money supply increased by $11 trillion in the past two years, with assets like Bitcoin absorbing 10%.
📈Macroeconomic Expectations: Societe Generale predicts that the Federal Reserve will continue to cut interest rates, leading to lower short-term rates, while tariffs and fiscal deficits will push long-term rates higher.
🚀Elon Musk: Frequent interactions with AIMeme, including a recent retweet about $FAI, have led to significant market volatility.
🌕Bitcoin Futures: Futures prices on the CME exceeded $100,000.
💱Cryptocurrency Market in Indonesia: This year's trading volume exceeded $30 billion, growing by 350%.
👨⚖️Political Support: There are 276 members in the US House of Representatives supporting cryptocurrency.
📅ETF Expectations: Several industry insiders expect DOGE ETF to be realized by 2025.
