Including the cities I didn't check in, there should be more than a hundred. I'm tired, so I won't compete with you for seats or seats on National Day. Let me share some of my achievements last month and recently 😃 Including EURET and Binance. #WIF逆袭 #BTC☀ #合约挑战 #WIF王者归来 #wife
Bitcoin (BTC) plummets, is it because of the US "economic recession" or the "recession trade"?
The latest data released on the evening of August 2 showed that the number of new non-farm jobs in the United States in July (preliminary value) was 114,000, which was not only far lower than 272,000 in May and 206,000 in June, but also far lower than the market expectation of 175,000. The unemployment rate rose to 4.3% in July, the highest level since November 2021.
That night, the exchange rate of the U.S. dollar against the RMB fell by 1.043%, the largest single-day drop since 2023. Behind the weakening of the U.S. dollar is the U.S. economic data that began to show signs of fatigue.
The risk of a U.S. economic recession has led to a sharp drop in U.S. stocks, which was also the background of the last bull market in the cryptocurrency circle.
1. Bitcoin Drops, Deleveraging in Futures Market is the Main Cause
Bitcoin fell to $88,800 yesterday, primarily driven by deleveraging in the futures market. As prices dropped, the number of open contracts decreased, indicating that long positions in the futures market were being liquidated. Funding rates also decreased accordingly. Spot demand remains strong.
2. Bitcoin Mainly Used as 'Digital Gold' in DeFi
The U.S. Treasury Department pointed out in a report that Bitcoin is primarily used as a store of value in decentralized finance (DeFi), referred to as 'digital gold.' The report also warned that speculative interest plays an important role in the growth of digital tokens.
3. Elon Musk Posts a Photo with His Son
Elon Musk posted a photo with his son on social media, featuring the words 'The Dogeson' and 'The Dogefather,' along with the comment 'Doge & Minidoge.'
4. Worksport Plans to Purchase $5 Million in Bitcoin and XRP
U.S. manufacturer Worksport Ltd. announced that its board approved the purchase of up to $5 million in Bitcoin and XRP, with a maximum limit of 10% of excess operating cash. They also plan to accept cryptocurrency payments on their e-commerce platform.
5. South Korean President Yoon Suk-yeol Promises No More Martial Law Declarations
According to reports from Wu, 23,000 BTC options expired, with a Put Call Ratio of 1.11 and a maximum pain point of $97,000, with a nominal value of $2.3 billion.
2. SEC has rejected two Solana spot ETF applications
On December 6, the U.S. Securities and Exchange Commission (SEC) notified at least 2 of the 5 Solana spot ETF application institutions that it would reject their 19b4 application documents.
3. Trump's appointments trigger significant rises in crypto projects
On December 6, appointments made before Trump's inauguration triggered significant rises in crypto projects related to the “advisor market.”
4. November non-farm payroll report shows recruitment rebound
The non-farm payroll report for November showed a rebound in recruitment as expected, with no major surprises. The unemployment rate slightly increased and the participation rate decreased, which may persuade the Federal Reserve to continue its gradual easing path in the December meeting.
5. UK government holds over 61,000 BTC
Arkham on-chain data shows that the UK government currently holds over 61,000 BTC, with a total value surpassing $6 billion.
1. Initial jobless claims in the U.S. recorded at 224,000 this week
The initial jobless claims in the U.S. for the week ending November 30 stood at 224,000, higher than the expected 215,000, with the previous value revised from 213,000 to 215,000.
2. Trump congratulates 'BTC holders' on reaching $100,000 target
According to Odaily Planet Daily, market news states that the elected President of the U.S., Trump, congratulated 'Bitcoin holders' on achieving the $100,000 target.
According to PANews, as Bitcoin surpassed the $100,000 mark, a 6-hour course offered by Tsinghua University revealing knowledge related to Bitcoin has attracted widespread attention, becoming the seventh on Douyin's trending list.
4. Selling BTC below $100,000, slap yourself
As Bitcoin broke the $100,000 mark, Binance founder Zhao Changpeng (CZ) reposted an old 2021 post on platform X: if you sell BTC below $100,000, slap yourself; additionally, CZ had previously posted similar content in 2019: if you sell BTC below $10,000, slap yourself.
5. Trump nominates Paul Atkins as SEC chairman
According to Odaily Planet Daily, market news states that Trump has confirmed the nomination of Paul Atkins as the chairman of the U.S. Securities and Exchange Commission (SEC).
December 4th Hot Topics December 4th WEB3 Hot Topics
1. South Korean Presidential Office Executives Resign Collectively
On December 4th, the head of the South Korean Presidential Office and the Chief Secretary collectively resigned. According to Yonhap News Agency, assistants to President Yoon Suk-yeol have resigned. Market news indicates that South Korean Finance Minister Choi Sang-mok will hold a ministerial meeting at 10:00 AM local time (9:00 AM GMT+8).
2. BNB Briefly Surpasses $770, Setting New Historical High
According to Binance market data, BNB briefly surpassed $770, setting a new historical high, with a 24-hour increase of over 18%.
3. Bitcoin Market Share Continues to Decline Since November 21 Peak
According to Deep Tide TechFlow, on December 4th, TradingView data shows that Bitcoin's market share (BTC.D) has been declining since it reached a peak of 61.53% on November 21, currently reported at 55.19%.
4. Federal Reserve Chair Powell to be Interviewed
Federal Reserve Chair Powell will be interviewed at 02:45 AM GMT+8 on the 5th. He previously stated that he is “not in a hurry” to cut interest rates. Tonight at 21:15 GMT+8, the U.S. ADP employment numbers for November will be released, expected to drop to 150,000.
5. Federal Reserve Musalem Hints at Possible Pause in Rate Cuts
December 1st Hot Topics December 1st WEB3 Hot Topics
1. November ENS New Domain Registration Hits Yearly Low
According to PANews, Dune data shows that the number of new domain registrations for Ethereum Name Service (ENS) in November was 8,664, marking a monthly low for the year.
2. U.S. Senator Emphasizes Protection of Bitcoin and Personal Wallets
According to Odaily Planet Daily, U.S. Senator Cynthia Lummis stated that it is very important to protect Bitcoin and individuals holding BTC in personal wallets. She emphasized that she does not want to see this asset controlled by the government, as it is a great virtue.
3. Trump’s Secret Meeting with JPMorgan CEO Sparks Speculation
According to Odaily Planet Daily, U.S. President-elect Trump is having secret talks with JPMorgan CEO Jamie Dimon, sparking speculation about JPMorgan's potential influence on U.S. policy.
4. SHIB Price Soars to Eight-Month High
Shiba Inu (SHIB) saw its price soar to an eight-month high of $0.00002969 on Saturday, before slightly retreating to $0.00002897, with a daily increase of over 12%. This was the largest increase among the top 50 cryptocurrencies by market capitalization.
5. Trump Asks BRICS Nations Not to Support Alternative Currencies to the Dollar
According to Odaily Planet Daily, U.S. President-elect Trump requested that BRICS nations commit to neither creating a new BRICS currency nor supporting any other currency to replace the dollar, or they would face 100% tariffs. #山寨季來了? #XRP解锁新趋势 #AI与GameFi市场表现 #比特币打破感恩节魔咒 #山寨币走势展望
Brazilian lawmaker Eros Biondini proposed the establishment of a Bitcoin sovereign strategic reserve, ResBit, planning to allocate 5% of the national reserves to Bitcoin. U.S. Senator Cynthia Lummis plans to reintroduce a bill to establish Bitcoin reserves, suggesting the Treasury buy 1 million Bitcoins over five years and hold them for at least 20 years.
2. Cardano Short-Term Holders Increase Holdings by Over 3 Billion ADA
IntoTheBlock data shows that Cardano short-term holders have increased their holdings by over 3 billion ADA within a month. Currently, short-term holders collectively own 8.42 billion ADA, worth 9 billion USD.
Trump has nominated three key cabinet minister candidates to head the Treasury, Commerce Department, and SEC. These candidates are considered to have a friendly attitude towards cryptocurrencies, recognizing the importance of digital assets in the modern financial system, and are expected to promote the integration of cryptocurrencies into the U.S. economy. If the nominations are realized, 2024 may witness a DeFi revival.
4. Ethereum Surpasses $3700, Reaches New High Since June
Ethereum (ETH) price has surpassed $3700, reaching a new high since June 10. Bitcoin's current price is close to $97000 each.
1. U.S. Personal Consumption Expenditure Data Meets Expectations
Recently released U.S. personal consumption expenditure data met expectations, and the market is optimistic about the prospect of a Fed rate cut in December, with gold prices slightly rising in the Asian morning session.
2. BTC DeFi Expected to Surpass Other Crypto DeFi in Two to Three Years
Cardano founder Charles Hoskinson believes that decentralized finance in the Bitcoin ecosystem will surpass all other crypto DeFi in two to three years.
3. Thanksgiving Holiday Affects Market Trading
On Thursday, due to the Thanksgiving holiday, U.S. financial markets were closed, resulting in weak liquidity. Bitcoin rebounded to $97,200 and is currently quoted at $96,382, up 0.68% in 24 hours. Ethereum's price broke through $3,684, reaching a new five-month high, driving a general rise in ecosystem tokens.
4. XRP Price Soars to New Highs Since 2021
XRP price reached $1.67 early Friday morning, the highest level since May 2021, currently priced at $1.66, with a daily increase of 13.8% and a weekly increase of 12.8%. The reasons for XRP's price surge include expectations for an XRP exchange-traded fund (ETF) and potential changes at the U.S. Securities and Exchange Commission (SEC).
Hot topics on November 28 Web3 hot topics on November 28 1. Vancouver mayor plans to include Bitcoin in municipal government assets According to Cointelegraph, Vancouver Mayor Ken Sim announced plans to include Bitcoin in municipal government assets to diversify investments. 2. Bitwise submits 10 cryptocurrency index ETFs to the SEC Bitwise has submitted 10 cryptocurrency index ETFs to the U.S. Securities and Exchange Commission (SEC), covering Bitcoin, XRP, Solana, Cardano, Uniswap, Polkadot, Chainlink, Ethereum, Avalanche and Bitcoin Cash. 3. Russian Parliament approves digital currency tax framework bill The Russian parliament's upper house approved a bill outlining a tax framework for digital currencies. The bill classifies digital currencies as property and exempts them from value-added tax. 4. ETF options are the latest bullish signal for BTC Kaiko released a report saying that ETF options are the latest bullish signal for BTC. Last week, several BTC ETF options debuted, with BlackRock's IBIT options trading volume of $1.9 billion on the first day, totaling 354,000 contracts.
5. The probability of the Fed cutting interest rates by 25 basis points in December is 70%
CME's "Fed Watch" shows that the probability of the Fed maintaining the current interest rate unchanged by December is 30%, and the probability of a cumulative 25 basis point rate cut is 70%. #币安BNSOL质押PYTH #山寨币走势展望 #BSC生态活力释放 #市场回暖新机遇 #美PCE年率创半年来最大增幅
1. Smart contracts defeated the U.S. Treasury in court
Uniswap Labs CEO Hayden Adams commented on platform X: "Wow, immutable smart contracts defeated the Treasury in court. The judge pointed out, 'We believe that the immutable smart contracts of Tornado Cash are not 'property' of foreign nationals or entities.'
2. $70.81 million flowed into the Sui chain in the past 7 days
According to Deep Tide TechFlow, on November 27, data from on-chain data platform Artemis showed that a total of $70.81 million in funds flowed from other blockchains to the Sui chain in the past 7 days.
3. Sun Yuchen joins Trump family project as advisor
TRON founder Sun Yuchen has joined the Trump family project as an advisor. Previously, Sun Yuchen invested $30 million, becoming the largest investor in the project.
4. Initial jobless claims in the U.S. decreased
Data from the U.S. Department of Labor shows that initial jobless claims decreased last week, indicating a cooling job market but no large-scale layoffs, with continuing unemployment claims reaching the highest level in three years.
5. Base mainnet cumulative bridge storage TVL exceeds $3.852 billion
Hot topics on November 26 Hot topics on WEB3 on November 26
1. Pump fun platform suspends live broadcast function due to controversy
Pump fun platform announced that it will suspend the live broadcast function indefinitely due to controversy and user concerns caused by recent live broadcast content. Previously, users used this function to broadcast harmful and violent behaviors.
2. DEXX attackers exchanged tokens on the address for SOL
Slow Mist Yuxian posted on the X platform that starting at 3 a.m., DEXX attackers exchanged various tokens on Solana addresses in large quantities for SOL, and these SOLs have not yet been transferred out.
3. SOL, XRP and other ETF approvals may be extended to the end of 2025
On November 26, Bloomberg ETF analyst James Seyffart's latest report pointed out that the approval resolution of altcoin ETFs such as SOL, XRP, LTC and HBAR may be extended to the end of 2025. Unlike the approved Bitcoin and Ethereum ETFs, these altcoins lack the support of CME's regulated futures market.
4. The probability of a 25 basis point rate cut at the February FOMC meeting is 59.4%
According to CME's Fed Watch tool, interest rate traders set the probability of a 25 basis point rate cut at the December 18 FOMC meeting at 59.4%, and the probability of interest rates remaining stable at 40.6%.
5. Grayscale Bitcoin ETF transfers BTC to Coinbase
November 25 Hot Topics November 25 WEB3 Hot Topics
1. The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 52.7%
CME's 'Federal Reserve Watch' shows that the probability of the Federal Reserve maintaining the current interest rate in December is 47.3%, and the probability of a 25 basis point cut is 52.7%. By January next year, the probability of maintaining the current interest rate is 87.2%, while the probability of a 25 basis point cut is 51.6%, and a 50 basis point cut is 11.3%.
2. Trump's nomination of Bessent as Treasury Secretary boosts Asian currencies
Following the nomination of Scott Bessent as Treasury Secretary by President-elect Trump, most Asian currencies strengthened against the dollar in early Asian trading. The FOMC meeting minutes to be released this week may reveal discussions on the extent of the federal funds rate cut and views on U.S. core inflation.
3. GameFi and DeSci sectors rise against the trend
According to SoSoValue data, although the overall crypto market is declining, the GameFi and DeSci sectors have risen against the trend. The GameFi sector increased by 9.52%, while the DeSci sector increased by 3.35%.
4. Bitcoin may experience consolidation after approaching $100,000
Market strategists say that investors are concerned that Bitcoin 'needs to take a breather now, as it has basically tested the $100,000 level', and bullish sentiment around Bitcoin 'is becoming extreme'. Since the Republican victory on November 5, the overall value of the digital asset market has increased by about $1 trillion.
5. Bitcoin exchange balances hit all-time low
Data from Coinglass shows that 35,000 Bitcoins flowed out of crypto exchanges last week. The balance of Bitcoin wallets on exchanges is currently about 2.2992 million coins, hitting an all-time low.
November 24 Hot Topics November 24 WEB3 Hot Topics
1. This Week 9 Banks Raised Fixed Deposit Rates
This week, 9 banks raised their fixed deposit rates, including Dah Sing, Chiyu, ICBC, CCB, PAObank, Fubon, Shangshang, Jiao Yin, and Fubon. Fubon had previously lowered rates three times within 7 days earlier this month but has now finally raised rates. Dah Sing, DBS, OCBC, and Dah Sing saw a 0.04% rate withdrawal.
2. U.S. House of Representatives Passes New Bitcoin Bill
NEO founder Da Hongfei stated that the U.S. House of Representatives passed a landmark Bitcoin bill (176-26), reshaping cryptocurrency regulation. The bill officially recognizes Bitcoin as a “store of value” asset, similar to digital gold, while ETH is still classified as a utility token. This distinction brings significant opportunities.
3. Slow Mist Warns of Ownership Change Risks in Solana and Tron
Slow Mist's Yu Xian posted on platform X stating that there are risks associated with the owner-change mechanism on the Solana and Tron chains without taking private keys in phishing. Once the owner is changed, the private key will become invalid, and unless the phishing attacker returns the owner, recovery will be impossible. Any claims to recover this will be a scam.
4. SEC New Regulations May Propel Bitcoin Bull Market
EMJ Capital founder Eric Jackson stated in a CNBC interview that the U.S. Securities and Exchange Commission may introduce new cryptocurrency regulatory policies. The global adoption expansion and the U.S. strategic Bitcoin reserves may become significant catalysts for Bitcoin, driving the next bull market.
5. U.S. to Release October Core PCE Price Index
The U.S. will announce the year-on-year core PCE price index for October, month-on-month personal spending, month-on-month existing home sales index, and month-on-month core PCE price index on November 27. Meanwhile, the Federal Reserve will also release the minutes of the November monetary policy meeting. #ETH市场新动向 #美国众议院通过比特币法案 #ADA突破1美元 #谁将成美SEC新主席? #BTC创历史最大月度涨幅
Layer 1 tokens have risen broadly. Among them, ADA has increased by 27.2% in 24 hours; AVAX has increased by 17.9% in 24 hours. NEAR has increased by 11.4% in 24 hours; ICP has increased by 16.2% in 24 hours; ATOM has increased by 80.7% in 24 hours. FTM has increased by 19.8% in 24 hours;
2. Boring Company Accepts Dogecoin Payments
Dogecoin UI designer DogeDesigner stated on platform X that Elon Musk's Boring Company accepts Dogecoin payments, allowing passengers to book rides using DOGE tokens. Possibly influenced by this news, DOGE's price increased by 7.6% in one hour, currently reported at around $0.46.
3. Sui and Aptos Compete to Become the Next Solana
As SOL hits an all-time high, Crypto Twitter is searching for the “next Solana.” The MoveVM chains Sui and Aptos have become the focus. Sui has surpassed Aptos in market cap and price performance, despite a brief outage yesterday, but the price quickly rebounded.
4. Trump Chooses Scott Bessent as the Next Secretary of the Treasury
Fox reporter Eleanor Terrett posted on platform X stating that Trump has chosen Scott Bessent to be the next Secretary of the Treasury.
5. BTC Briefly Breaks $99,500, Continues to Set New All-Time Highs
1. Binance will be stricter with listed projects during the bull market
Binance CEO stated in the Binance Square "Celebrating Binance CEO - Anniversary" AMA that during the bull market, there will be more projects, but precisely because we are experiencing a bull market, we need to adhere to our listing principles and evaluations. We need to strike a balance between providing the community with a wide range of quality projects and conducting necessary due diligence.
2. Bitcoin price reaches historic largest monthly increase
Bitcoin (BTC) price increased by over 40.8% in November, reaching a historic largest monthly increase, breaking through $99,000. Investors pushed Bitcoin's price up after Trump won the 2024 U.S. presidential election. Analysts expect Bitcoin to break through $100,000.
3. Japan's core CPI higher than expected
Japan's Ministry of Internal Affairs and Communications announced the October CPI data, with core CPI increasing by 2.3% year-on-year, higher than the expected 2.2%. The CPI year-on-year growth rate excluding fresh food and energy prices was 2.3%, indicating ongoing inflationary pressures.
4. XRP rises 25% due to Gary Gensler's resignation news
XRP price rose by 25% after U.S. Securities and Exchange Commission Chairman Gary Gensler announced he would resign in January. The market anticipates that the U.S. will shift to a more crypto-friendly regulatory environment. XRP has been under SEC scrutiny since 2020 for allegedly selling securities to U.S. investors.
5. SEC Chairman Gensler to leave on January 20
On January 22, official news confirmed that SEC Chairman Gensler would leave on January 20. Notably, Trump had promised that if he won the election, he would fire Gensler, and Trump's presidential term will also begin on January 20. #比特币突破10万? #ETH市场新动向 #SOL创历史新高 #XRP与SEC新局面 #现任美SEC主席将于1月离职
November 21 Hot Topics November 21 WEB3 Hot Topics
1. SEC Delays Decision on Crypto Index ETF to 2025
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the approval of Franklin Templeton's crypto index ETF until early 2025. In a letter dated November 20, the SEC decided to extend the review period. The SEC has set January 6, 2025, as the deadline for approving or rejecting the proposal.
2. Multiple Crypto Spot ETF Applications in Progress
Nate Geraci, president of The ETF Store, stated on X that in addition to the listing of Grayscale and Bitwise's crypto index funds, there are currently spot ETF applications for SOL, XRP, and HBAR.
3. Trump May Push for the U.S. to Establish Strategic Bitcoin Reserves
Macro expert Mark Moss indicated that Trump is positioning himself as the 'Bitcoin President' and may advocate for the U.S. to adopt a strategic Bitcoin reserve, triggering global 'sovereign-level FOMO.' If the U.S. implements this plan, G7 and G20 countries will be affected, and other countries have already begun to pay attention to and purchase Bitcoin, driving up Bitcoin prices.
4. Sun Yuchen Purchases Banana Artwork for $6.2 Million
Tron founder Sun Yuchen purchased an artwork made of bananas and tape for $6.2 million at an auction in New York and plans to eat it. The artwork is Maurizio Cattelan's 'Comedian,' made of fresh bananas and tape.
5. Spot ETF for ADA and AVAX Expected to be Launched in the Future
Nate Geraci, president of The ETF Store, stated that there are currently spot ETF applications for SOL, XRP, and HBAR. It is expected that attempts may be made to launch spot ETF applications for ADA or AVAX in the future. #BTC再创新高97k #非BTC板块市场走势 #聚焦比特币 #孙宇晨购得喜剧演员 #MEME趋势风向
November 19 Hot Topics November 19 WEB3 Hot Topics
1. Trump Team Supports Kevin Warsh as U.S. Treasury Secretary
Market news reports that informed sources reveal the Trump team supports former Federal Reserve Governor Kevin Warsh to serve as U.S. Treasury Secretary, discussions are still ongoing.
2. Polymarket Faces Regulatory Challenges
Polymarket CEO Shayne Coplan's New York residence was raided, marking an uncertain future for the prediction market. Since its establishment in 2020, Polymarket has been under the scrutiny of regulatory agencies.
3. Bitcoin Price Fluctuations May Trigger Liquidation of Long and Short Positions on Major CEXs
On November 19, Coinglass data shows that if Bitcoin falls below $90,000, the cumulative long liquidation intensity on major CEXs will reach $540 million. Conversely, if Bitcoin breaks above $93,000, the cumulative short liquidation intensity on major CEXs will reach $1.605 billion.
4. Shaquille O'Neal Agrees to Pay $11 Million Settlement
Former NBA star Shaquille O’Neal has agreed to pay $11 million in settlement to resolve a class-action lawsuit from Astrals NFT investors. The case involves his promotion of the Astrals NFT project.
5. CZ: Countries Will Compete to Establish Bitcoin Strategic Reserves
CZ posted on X expressing admiration for MicroStrategy founder, saying: "Great speech, worth a listen. Also thanks for his support of Binance in the video. Countries will compete to print money to buy Bitcoin, i.e., Bitcoin strategic reserves. #比特币ETF期权上线 #上市公司比特币战略 #市场围绕90K #AVAX、ROSE、ADA大额解锁 #英伟达财报即将公布