📰 Blockchain Morning Report - December 4, 2024 📷 Follow for exclusive insights into the latest developments in the crypto world, not to be missed.

1⃣ Market Dynamics

🌕 Bitcoin ($BTC): After a rapid rebound from a drop influenced by South Korean policies, it provides investors with opportunities to buy altcoins at a low. Recently, 19,487 BTC flowed out of Coinbase, totaling approximately $1.87 billion.

🌖 Ethereum ($ETH): Continues to decline, making it difficult to understand its correlation with the so-called 'altcoin season.'

🌗 Solana ($SOL): Showing an upward trend independent of Bitcoin, the NYSE has applied to convert Grayscale Solana Trust into a spot SOL ETF.

🌘 Binance Coin ($BNB): After experiencing FUD (fear, uncertainty, and doubt), it reached an all-time high, showing that negative news about other centralized exchanges (CEX) is beneficial for it.

2⃣ Industry Hotspots

Government and Bitcoin: Michael Saylor suggests the U.S. government acquire 4 million Bitcoins and convert the surplus into Bitcoin to enhance the economy.

📈 $TRX: Justin Sun hints that it may become the next $XRP, driving up related TRON ecosystem coins like $SUN, $JUST, and $BTT.

🇰🇷 South Korean Policies: Last night's policy turmoil led to negative premiums in South Korean exchanges, affecting global coin prices and providing buying opportunities. Meanwhile, the South Korean stock market opened down nearly 2% after the martial law turmoil.

💼 Binance: Cryptocurrency inflows reached $21.6 billion in 2024, demonstrating its strong position in the market.

💹 Grayscale: Seeks to convert the Solana Trust to a spot ETF and list it on the NYSE.

3⃣ Industry Trends

💼 Companies adopting Bitcoin: BitcoinWell has adopted Bitcoin as a reserve asset; VirginVoyages becomes the first cruise company to accept BTC payments.

💡 Microsoft Investment Suggestion: Michael Saylor suggests that Microsoft can increase its market value by investing in Bitcoin.

⚖ Legal and Regulatory: 'Bitcoin Jesus' Roger Ver is being sued for tax issues; Celsius Network co-founder Alex Mashinsky will plead guilty to fraud charges.

📢 Trump Administration: (Barron's) reports that the Trump administration may open the IPO market to cryptocurrency companies; Trump nominates pro-crypto Paul Atkins as SEC chairman.