📰 Blockchain Morning Report - December 11, 2024 📷Follow for exclusive insights on the latest developments in the crypto space, not to be missed.
1⃣ Market Dynamics
🌕Bitcoin ($BTC): Continues to oscillate at high levels, despite long-term holders and ETF holders selling off, with unclear buying power in the market. BlackRock's IBIT pre-market trading volume was $430 million, with 36% of orders being buys and 40% sells. Bitcoin's market share rebounds, approaching historical highs.
🌖Ethereum ($ETH): Prices continue to decline, dragging the entire altcoin market down, with altcoin season likely turning into an altcoin funeral.
🌗Solana ($SOL): Daily quick analysis, the market is full of expectations for December's big event, maintaining the heat for SOL. A Messari report shows Raydium's monthly trading volume has exceeded Uniswap for two consecutive months, mainly driven by memecoin trading.
🌘BinanceCoin ($BNB): Fluctuates with the market, and Launchpool's incentives are insufficient to offset the decline.
2⃣ Industry Hotspots
💥Ripple: Its stablecoin RLUSD has been approved by New York financial regulators.
💼MicroStrategy: Expected to be included in the Nasdaq 100 index on December 23, potentially triggering $2.1 billion in ETF buys.
💳MagicEden: $ME opened at a price of $2030, making it difficult to break even.
💱LayerZero: Will hold the first protocol fee referendum on December 19, with $ZRO performing beyond expectations.
💱IBIT: Trading volume reached $2.63 billion on December 10.
3⃣ Industry Trends
💻Binance Updates: Launching $VIRUTAL, $SPX, $KOMA contracts, with $KOMA rising over 400%, showing interest in BNBChain; simultaneously removing the inscription market and halting inscription asset trading.
📈Federal Reserve Policy: CME data shows an 85.8% probability of the Federal Reserve lowering interest rates by 25 basis points in December.
📈Crypto Market Forecast: Bitwise releases predictions for 2025, including more countries holding Bitcoin.
📢Trump: Reportedly will pay close attention to Bitcoin prices during his term.
💹Circle: Establishing an entity in Abu Dhabi and partnering with LuLuFin to expand its global business.
🇸🇻El Salvador and 🇦🇷Argentina: Signed an agreement to develop the crypto industry.
💼Microsoft and Goldman Sachs: Microsoft shareholders voted against the Bitcoin investment proposal, while Goldman Sachs' CEO stated they would consider entering the Bitcoin or Ethereum market if regulatory conditions allow.
