According to statistics from Dedede Think Tank, as of December 8, 2024, 12:00, there are a total of 15,970 cryptocurrencies in the global digital currency market. The total market cap is $3,862,926,245,280 (approximately $386.29 billion). This week, the total market cap of digital currencies has increased by about $300.1 billion compared to last week, with an increase of approximately 8.43%.

The mainstream digital currency market rose overall last week.

According to statistics from Dedede Think Tank, as of December 8, 2024, 12:00, the mainstream digital currency market rose overall last week.

Among them, the price of BTC rose from $97,070.07 to $99,160.77, an increase of approximately 2.15%;

The price of ETH rose from $3,696.61 to $3,949.65, an increase of approximately 6.85%;

The price of BNB rose from $659.04 to $733.95, an increase of approximately 2.20%;

The price of LTC rose from $101.52 to $131.40, an increase of approximately 11.37%;

The price of DOT rose from $9.17 to $10.32, an increase of approximately 12.54%.

The price of SOL fell from $237.29 to $234.84, a decrease of approximately 1.03%.

This week, the market cap of the top 30 digital currencies fell by approximately 2.56% compared to last week.

According to statistics from Dedede Think Tank, as of December 8, 2024, 12:00, there are a total of 15,970 cryptocurrencies in the global digital currency market. The total market cap is $3,862,926,245,280 (approximately $386.29 billion). This week, the total market cap of digital currencies has increased by about $300.1 billion compared to last week, with an increase of approximately 8.43%.

The total market cap of the top 30 digital currencies is $3,338,390,824,653 (approximately $333.84 billion), accounting for about 88.98% of the total market cap of all digital currencies, down approximately 2.56% compared to last week.

This week, the number one by market cap is BTC, approximately $196.24 billion, accounting for 58.78% of the total market cap of the top 30, down 1.81% from last week.

Ranked second is ETH, with a market cap of approximately $475.7 billion this week, accounting for 14.25% of the total market cap of the top 30, up 0.21% from last week.

Ranked third is XRP, with a market cap of approximately $143.6 billion this week, accounting for 4.30% of the total market cap of the top 30, up 0.87% from last week (last week's market share was about 3.43).

The rankings of digital currencies in the top 30 showed little overall fluctuation, with the specific distribution of digital currencies shown in the figure below:

The digital currencies in the top 30 by market cap this week are categorized into public chains, platform tokens, stablecoins, tokens, DeFi, and other fields.

The field with the largest share is public chains, accounting for 75.29%, followed by stablecoins, accounting for 5.53%. The distribution of shares in the categories of the top 30 digital currencies is shown in the figure below:

This week, there were no significant fluctuations in the share of Bitcoin mining pools.

According to statistics from Dedede Think Tank, this week Bitcoin produced a total of 1,030 blocks. Among them, there were 2 empty blocks, accounting for 0.19%. The average miner fee and block reward accounted for 3.63%. This week, the top 10 Bitcoin mining pools accounted for 96.43% of the total share, with the distribution of specific mining pool shares as follows:

Weekly news review

Industry progress

  • Bitwise CEO: Project parties and market makers should change their thinking and try to challenge higher market caps during the bull market.

  • Spectral: Syntax platform has suspended access due to a security vulnerability.

  • Solana co-founder: We need national XRP reserves.

  • U.S. Senator Bernie Sanders supports the Department of Government Efficiency and agrees with Elon Musk's stance on reducing government spending.

  • Michael Saylor claims he can persuade Buffett to buy Bitcoin through Berkshire Hathaway.

  • CryptoQuant CEO: Altcoin trading volumes are driven by stablecoin and fiat trading pairs, reflecting actual market growth.

  • XRP's market cap surpasses Meituan and Citigroup, rising to 139th place globally.

Investment and financing

  • The digital finance platform Brighty completed a $10 million financing round, with Futurecraft Ventures participating.

  • ZK-driven interoperability protocol Union completed a $12 million Series A financing, led by Longhash Ventures and others.

  • The Bitcoin ecosystem project BLIFE Protocol completed a $7 million financing round.

  • The digital asset and issuance management platform Interlace completed a $10 million Series B1 financing, led by Bitrock Capital.

  • DeFi.app completed a $2 million seed round financing, led by Mechanism Capital.

  • Suilend completed a $4 million financing round.

  • LSP.Finance completed a $1 million Pre-Seed financing round.

Weekly policy review

  • WSJ: Once Trump returns to the White House, the SEC may ease its legal battles against cryptocurrency exchanges.

  • Grayscale and four other asset management companies have applied to U.S. regulators for a 'risk-averse' Bitcoin ETF.

  • Shanghai Jiao Tong University and Ant Group have established a 'Joint Research Center for Artificial Intelligence and Security.'

  • Interpol: Beware of an emerging cryptocurrency fraud involving stablecoins.

  • South Korea's cryptocurrency trading volume surged in 24 hours, accounting for 9.05% of the global total.

  • Nigerian cryptocurrency exchange Bitmama suspended its virtual Mastercard services.

  • South Korea suddenly imposed a curfew, causing a rise in safe-haven assets.

Investment calendar

December 2 (Monday)

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December 3 (Tuesday)

  • The cryptocurrency market's spot trading volume in November reached $2.7 trillion, a new high since May 2021.

December 4 (Wednesday)

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December 5 (Thursday)

  • Robinhood will enter the Asian market in 2025, headquartered in Singapore.

December 6 (Friday)

  • Musk will represent DOGE to discuss federal government reform at Capitol Hill.

December 7 (Saturday)

  • People's Court Journal: The act of stealing virtual currency constitutes theft and illegal acquisition of computer system data.

December 8 (Sunday)

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