What has happened in the cryptocurrency space in the past 12 hours:
• The South Korean president announced a state of emergency, but it was lifted six hours later. Cryptocurrency prices on centralized exchanges in South Korea fell sharply for a short time after the state of emergency was declared, but then rebounded.
• Former president Donald Trump has chosen Paul Atkins to lead the U.S. Securities and Exchange Commission. However, it has been reported that Paul Atkins is reluctant to take on the role of chairman as he will face challenges, including restructuring.
• After learning that the SEC chairman nominee Paul Atkins has been an advisor for $RSR for many years, the $RSR stock price surged.
• $BNB $TRX - BNB and Tron hit new highs. With the influence of $TRX, $JST and $SUN also followed suit. Tron’s Justin Sun stated, “$TRX, the next $XRP.”
• $ETH - According to Arkham, 4,815 ETH (approximately $17.2 million) has been transferred from a U.S. government address labeled FTX Alameda Seized Funds to a new wallet.
• $SOL - Grayscale has submitted a proposal to the U.S. Securities and Exchange Commission to convert its Grayscale Solana Trust (GSOL) into a spot ETF listed on the New York Stock Exchange Arca.
• $MORPHO $MOG - Coinbase Int. has announced that $MORPHO-PERP will begin on December 5 at 9:30 AM (UTC). Coinbase has also added $MOG to its listing roadmap.
• $ZRC - Zircuit has announced that it has become an Early Bird sponsor of ETHDenver 2025 and mentioned that big things are coming.
• $SAFE - Safe has announced the launch of Safenet, a transaction coordination network for on-chain and off-chain inputs. Safenet will launch in 2025, and a waitlist is currently open.
