South Korea Martial Law Impact The crypto market experienced significant volatility as South Korea declared and then swiftly lifted martial law. This led to a surge in trading volumes, with a record-breaking $34 billion in 24-hour spot crypto trading volume reported on December 3.
Regulatory and Political Developments President-elect Donald Trump’s selection of Paul Atkins as the new SEC Chair generated bullish market sentiment. $RSR saw a notable rally due to Atkins' previous role as an advisor.
New ETF Filings Grayscale Investments filed for a spot Solana ETF with the NYSE, a move that, if approved, could significantly boost Solana’s market cap and investor confidence.
Price Movements $BNB and $TRX reached all-time highs, with TRON surging by 80% in the past day. Bitcoin (BTC) declined slightly to $95.8K (-0.35%), while Ethereum (ETH) posted a marginal gain, trading at $3.65K (+0.03%). Other notable gainers included IOTA (+46.4%), JST (+45.5%), NEO (+23.8%), and RIF (+71.8%).
Market Liquidity and Funding Rates Funding rates surged for several cryptocurrencies, with UNFI at 198% APR, XMR at 38% APR, TRX at 76% APR, and DOGE at 61% APR, reflecting increased leverage and speculative activity. Liquidations Approximately $443 million was liquidated from the crypto market in the past 12 hours, highlighting significant volatility. Exchange News Coinbase introduced new listings, including $MORPHO-Perp and $MOG, potentially increasing trading volumes and attention on these tokens. Legal Developments Roger Ver, known as “Bitcoin Jesus,” filed a motion to dismiss a U.S. indictment following his arrest in Barcelona earlier this year.
Government Actions The U.S. government transferred 4.8K ETH, which could influence perceptions of regulatory actions and market asset seizures. #CryptoMarket #Altseason2025 #bitcoin100k #Write2Earn! #BNBHitsATH $BTC $ETH
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