Last night, the highly anticipated Microsoft shareholder vote on whether to invest in Bitcoin concluded, and the miracle did not happen. But that's okay, it's not important. Bitcoin has risen for so many years without relying on Microsoft.
Everyone is actually psychologically prepared, so although the vote didn't pass, it had limited impact on emotions. Some friends asked why it fell today? Clearly, it had already risen well before, and before the US stock market opened, the price had returned to $98,000. However, it fell after the market opened. Did some negative news come out of the US?
Tomorrow's CPI data may be one of the reasons for investors' risk-averse sentiment. Many media outlets have previously emphasized that the US November inflation data, released at 9:30 PM Beijing time on December 11, could be the last chance to influence the Federal Reserve's rate cut in December. If the Federal Reserve does not cut rates, the market's confidence in easing policies may be shaken.
However, I personally think it won't affect the rate cut in December. Because the core CPI in November hardly changed, and the Federal Reserve should not react much to changes in the broad CPI. Moreover, the unemployment rate has risen to 4.2%. In this situation, a rate cut in December should be a reasonable choice.
Additionally, from BTC's own data, a large number of pre-election investors are starting to exit. Not only short-term investors are trading hands, but even long-term investors show significant signs of leaving.
The conclusion is that the market is indeed a bit panicked, but it's not to the extent of breaking support. The support around $95,000 is very solid, and there are no signs of it being broken. The next focus is the Federal Reserve's interest rate meeting on December 19.
Currently, it seems that altcoins are rallying, with AI memes rebounding first. There are not many problems; the strong ones are quickly recovering their losses. So just wait slowly; the coins in hand will have opportunities to rise again.
Troy, Pepe, Pnut, Turbo, Sol... several coins continue to show bullish trends.
Are inscriptions abandoned by the market?
The news directly led to a sharp decline in the prices of ORDI and SATS.
Many people think that Binance delisting inscriptions means Binance has delisted inscriptions; this is incorrect.
There is a fundamental difference between Binance delisting inscriptions and Binance delisting ORDI.
One is negative news for retail investors, and the other is positive news for whales.
One is that the sky has fallen.
Sometimes negative news is the biggest good news.
To be honest, the Binance wallet is a relatively failed product. How many people are inscribing on Binance? Chasing after meme coins?
It's a mistake for Binance to spend resources and funds maintaining a forgotten inscription market.
I don't think Binance has denied the Bitcoin ecosystem; in the future, we will still play the primary market on OKX and the secondary market on Binance.
XRP jumps 10%! Due to Ripple's stablecoin RLUSD being officially approved.
Ripple's stablecoin $RLUSD has finally been officially approved by the New York State Department of Financial Services (NYDFS). This news was announced by Ripple CEO Brad Garlinghouse on December 11 through social media.
Recommended reading: XRP jumps 10%! Ripple's stablecoin RLUSD has officially been approved. What's next?
AI Agent soars! AI16Z and ELIZA reach new highs, attracting investors' FOMO.
AI16Z's market cap soared to $800 million, setting a new historical high. ELIZA is also impressive, with a market cap surpassing $60 million, also creating a historical high.
Not only that, AVB, AICell, Zerebro, VVAIFU, AIXBT have also surged significantly in the past 24 hours, leading a full explosion in the AI Agent sector! In comparison, the previously hot GOAT and ACT haven't increased as much.
Positive news:
✅ AI16Z and the Solana Foundation are collaborating to hold an AI Agent hackathon.
✅ The ELIZA framework has exploded in popularity on GitHub, becoming a new favorite in the tech circle.
✅ The New York AI Conference is in full swing (November 11-12).
✅ OpenAI continues to live stream to introduce new features, injecting surprises into the market.
More and more AGENTs are buying which one? None are good for long-term holding, after all, there will always be stronger ones coming out than just functionality.
1. Here, the conclusion is drawn that buying platform coins is more stable than trading agents.
For example, these two major platform coins VIRTUAL+AI16Z.
The agent platform has agents constantly emerging, and various scenarios require consumption of platform tokens, leading to continuous price increases of the tokens. This is practical. Additionally, there are similar platforms like $VVAIFU, $ZEREBRO, etc.
2. Buy the leader
Who is stronger, ACT or GOAT? ACT gained a lot of traffic because it was listed on Binance, while GOAT is the leader that exploded in the AI AGENT track, rising all the way to 1.3 billion, now retracing to around 600 million.
There is some controversy regarding the leaders. So whichever you think is the leader, hold onto that one for the long term.
ME has appeared with a large premium on Upbit, completely replicating the Move trend?
So now you know the trends of tokens listed by Binance + Coinbase + Upbit, right? Move has already set a precedent, so everyone should know to copy the homework!
The content of the article published yesterday.
How many people bought the dip when it dropped to 5 yesterday? Given that Move rose the day before and fell today, ME can also take profits in batches. We were just in it for short-term trading.
Recommended reading: 'Kimchi Premium' ME is quoted at 10.47U on Upbit and 7U on Binance, once again demonstrating the MOVE super price difference. Is there an arbitrage opportunity?
