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▌BTC breaks through 98,000 US dollars
The market shows that BTC has exceeded 98,000 US dollars and is now trading at 98,015.81 US dollars, with a 24-hour increase of 0.41%. The market fluctuates greatly, so please control risks.
▌Tether minted an additional US$3 billion USDT stablecoin
Arkham Intelligence data shows that US$2 billion USDT was minted on the Ethereum blockchain, and additionally on the Tron network through continuous The transaction minted $1 billion USDT.
Since November 8, 2024, Tether has minted approximately $13 billion.
Quotes
As of press time, according to Coingecko data:
BTC’s recent transaction price was US$97,985.14, with an intraday increase or decrease of +0.0%;
ETH The latest transaction price was US$3,362.29, with an intraday increase or decrease of -1.3%;
BNB’s recent transaction price The price was US$659.55, with an intraday increase or decrease of +1.1%;
SOL’s recent transaction price was US$259.17, with an intraday increase or decrease of +1.1%;
DOGE’s recent transaction price was 0.4273 yuan, with an intraday increase of Decline +9.2%;
XPR’s recent transaction price was $1.42, with an intraday increase or decrease of -1.2%.
▌Coin Center Research Director: Investor protection and regulatory transparency may promote the development of the cryptocurrency industry
Coin Center Research Director Peter Van Valkenburgh predicts that the centralized market and stablecoin issuers may emerge with a clearer regulatory framework. This optimism stems from new innovations that may focus on promoting traditional financial applications of cryptocurrencies.
At the same time, streamlined investor protection and regulatory transparency may boost the growth of the cryptocurrency industry. However, he stressed the need for vigilance to ensure that these measures do not inadvertently stifle the rights of developers and users in decentralized systems.
▌French users are banned from the Polymarket prediction market
Polymarket has blocked French users and warned not to try to bypass the block. According to a social media post, Polymarket has now added French users to its restricted user list. Just weeks after the country’s gambling regulator allegedly said it would ban prediction markets, news has emerged that users in France are now unable to access Polymarket. However, some French Polymarket users on social media platform X say they are still accessing prediction markets through virtual private network (VPN) applications.
Blockchain Application
▌The British Times discusses whether pension funds should invest in Bitcoin
According to BitAccording to coin News, a British plan will allocate 3% of pension funds to Bitcoin, but many people say that Bitcoin is too volatile and is not suitable as a pension fund, but many people think that Bitcoin is "digital" Gold” is worth investing in.
For the above reasons, the Times published an article discussing whether pension funds should invest in Bitcoin.
Cryptocurrency
▌Bitcoin ETF sets new record in Brazil
As Bitcoin price rate approaches $100,000, Brazilian securities exchange Demand and prices for Bitcoin exchange-traded fund (ETF) shares have surged. Hashdex, the first cryptocurrency ETF launched on B3, hit an all-time high with a net asset value of nearly $689 million. BITH11, an ETF offered by Hashdex that provides 100% exposure to Bitcoin, hit an all-time high with a net asset value of nearly $259 million. Every cryptocurrency ETF that includes Bitcoin hit all-time highs. Only seven ETFs failed to do this, instead focusing on ETH and other areas of cryptocurrency such as decentralized finance, non-fungible tokens (NFTs) and Web3.
▌Analyst: Long-term BTC holders show signs of becoming increasingly greedy
According to crypto analyst Ali (@ali_charts) posted on the X platform, long-term BTC holders Showing signs of increasing greed, this behavior historically suggests it could take 8-11 months for BTC to reach a market peak. If the trend continues, a potential peak could be seen between June and September 2025.
▌The supply of WBTC on Ethereum decreased by 5,844 pieces in one week
On November 16, the supply of WBTC on Ethereum was 146,734 pieces. By November 24, this number had dropped to 140,890 WBTC, a decrease of 5,844 coins. Even more interestingly, btcparser.com’s Ethereum Transaction Monitor flagged a burn transaction of 5,182.34 WBTC. The operator of btcparser.com said: "It is very rare for such a large amount of WBTC to flow on the Ethereum chain. Interestingly, this time they appear to have been burned."
▌SAND It broke through 0.8 US dollars, with a 24-hour increase of 81.2%
The market showed that SAND exceeded 0.8 US dollars, and is now quoted at 0.7898 US dollars, with a 24-hour increase of 81.2%. The market fluctuates greatly, so please control risks.
▌In the past 12 hours, the entire network liquidated 317 million U.S. dollars, and the main liquidation was long orders
Data shows that the entire network liquidated 317 million U.S. dollars in the past 12 hours, of which 2.27 million long orders were liquidated. 100 million U.S. dollars, and short positions were liquidated at 89.5236 million U.S. dollars. BTC Liquidation 65,559,800 U.S. dollars, and ETH was liquidated at 21,475,300 U.S. dollars.
Important economic news
▌Real Vision founder: New Treasury Secretary Scott Bessent favors using a weak dollar and low oil prices to promote U.S. and global economic growth
Former Goldman Sachs executive , Raoul Pal, founder of macro research institution Real Vision, posted on social platforms, "The new Finance Minister Scott Bessant Bessent) favors a weak dollar and low oil prices to boost U.S. and global economic growth. It's going to be good for your bag. I've known him for over a decade. He understands this."
< p>▌The probability that the Federal Reserve will cut interest rates by 25 basis points in December is 52.7%According to CME's "Fed Watch": the probability that the Federal Reserve will keep the current interest rates unchanged until December is 47.3%, and the cumulative probability of cutting interest rates by 25 basis points is 47.3%. The probability is 52.7%. The probability of keeping current interest rates unchanged by January next year is 37.2%, the probability of a cumulative 25 basis point interest rate cut is 51.6%, and the probability of a cumulative 50 basis point interest rate cut is 11.3%.
Golden Encyclopedia
▌What is an airdrop?
Airdrops are the cryptocurrency equivalent of surprise gifts. Imagine opening a box and finding coins inside! This is similar to receiving an announcement about free tokens or tokens from a new blockchain project. Crypto airdrops involve the distribution of digital assets into users’ wallets for free or in exchange for completing simple tasks, such as following a project on social media or joining their online community.
In the crypto ecosystem, airdrops play a vital role. New projects use airdrops as a marketing strategy to increase awareness and build a user base. They are like free samples in the supermarket, enticing users to try new products. From a user perspective, airdrops provide an opportunity to acquire new cryptocurrencies with minimal effort and the potential for huge gains. These tokens are more than just freebies, they are a way to participate in the growing digital economy.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.