▌BTC breaks through 99,000 US dollars

The market shows that BTC has exceeded 99,000 US dollars and is now trading at 99,004 US dollars, with a 24-hour increase of 0.43%. The market fluctuates greatly, so please control risks.

▌Opinion: Quantum computing may crack lost Bitcoins, challenging the scarcity narrative

The advancement of quantum computing technology may redefine the traditional concept that Bitcoin's "lost coins" cannot be recovered. The article points out that some early-generation and long-abandoned wallets (such as Satoshi Nakamoto's wallet) may be at risk due to quantum computing breaking through old encryption technologies because their owners are unable to migrate their keys to more secure encryption algorithms. This may put some Bitcoins thought to be permanently lost back into circulation, changing the scarcity narrative. Although Bitcoin developers are able to protect active wallets through protocol upgrades, and the network is adaptable enough to cope with the challenges of the quantum era, old wallets may be more likely to become targets of future attacks, posing a new test for Bitcoin network security.

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$99,827.48, with an intraday increase or decrease of +1.3%;

ETH’s recent price The transaction price was US$3,510.85, with an intraday increase or decrease of +0.7%;

BNB’s latest transaction price 704.62 US dollars, with an intraday increase or decrease of +0.1%;

SOL's recent transaction price was 198.70 US dollars, with an intraday increase or decrease of +1.0%;

DOGE's recent transaction price was 0.3375 yuan, with an intraday increase or decrease of The increase or decrease was +0.4%;

XPR’s recent transaction price was $2.31, with an intraday increase or decrease of -0.1%.

▌Opinion: Trump’s Bitcoin reserve plan may become a watershed in the cryptocurrency market

Trump publicly supports the Bitcoin reserve plan and promotes the accumulation of Bitcoin in the United States as a strategic asset. The plan has received support from figures including Porter and Loomis, and has attracted bipartisan attention. Trump’s support allowed the once-marginal concept to gain momentum and become a watershed moment for the cryptocurrency market. Democratic congressmen from California and Republican senators from Wyoming have proposed including Bitcoin as a U.S. reserve asset, relying in part on U.S. gold reserves. However, critics believe this could strengthen U.S. financial dominance and pose a challenge to Bitcoin’s decentralized philosophy. Still, supporters believe the move could help combat the debt crisis and drive global financial innovation.

▌Hashgraph Group has obtained a fund management license in Abu Dhabi and will launch a US$100 million Web3 fund

Hashgraph Group, headquartered in Switzerland, has acquired a fund management license from the Abu Dhabi Global Market in the United Arab Emirates ( ADGM) obtained a fund management license. Hashgraph Ventures Manag, part of Hashgraph Grouper obtained a license allowing it to launch a $100 million Web3 venture capital fund from the Abu Dhabi Global Market (ADGM).

Hashgraph Group will invest US$20 million, or 20% of the fund, as seed capital. The fund will focus on investing in startups and established companies within the Hedera ecosystem. The fund will prioritize strategic investments in companies in the Web3 and deep technology fields (developing artificial intelligence (AI), blockchain, robotics and quantum computing solutions). Qualifying projects will have the opportunity to participate in the Hashgraph Association’s Entrepreneurship Studio program.

▌Agridex on the Solana chain completed its first coffee transaction, which may promote the wave of tokenization of agricultural assets

The Agridex platform on the Solana chain completed its first transaction For a coffee transaction, the British brand Tiki Tonga exported coffee to South Africa. The payment was settled in South African rand and into pounds. The transaction fee was only 0.5%, which is lower than the traditional cross-border fee of 5% to 7%. Agridex also supports instant settlement of a variety of agricultural products, including livestock, wine and olive oil.

▌Pump Science: The design of token economics has been completed

Pump Science issued a document on the X platform stating that the design of token economics has been completed, including: the future 5% of the issued token supply will be distributed to previous token holders (when migrating); now holding more PS tokens (RIF, URO), new tokens can be obtained in the future; as long as new products are launched , this situation will continue (forever).

In addition, Pump Science stated that BIO Protocol will airdrop BIO to holders of URO and RIF, pending governance approval to connect BIO to Solana, and more airdrops are under consideration.

▌Analysis: Bitcoin derivatives data suggests the price may exceed $105,000

According to Cointelegraph’s analysis, Bitcoin recently rose 6.5% to exceed $98,000, but failed to break through key resistance Bit. Derivatives market data showed that Bitcoin maintained a neutral to bullish stance, indicating that price fluctuations did not significantly affect market sentiment. This supports the possibility of a sustained Bitcoin rally above $105,000.

▌Report: Cryptocurrency OTC trading volume has grown rapidly in recent months, and the election results have become an important driving force

A number of crypto trading companies have recently reported that over-the-counter (OTC) transactions Trading volumes have surged in recent months, with the election results serving as a major driver. Tim Ogilvie, head of institutional business at Kraken Exchange, said: “OTC trading is currently extremely active, and trading volume has surged with price increases.” He revealed that Kraken’s OTC trading volume has increased significantly by 220% year-on-year, and otherTrading firms reported similar increases.

Jake Ostrovskis, an OTC trader at market maker Wintermute, pointed out that the market was relatively calm in the middle of the year, but as the election approached, prices rose and market participants began to actively prepare for the election results. Likewise, trader Embert Lin of market maker GSR said the company’s trading volume has increased significantly since the election. As Bitcoin, Ethereum, and altcoin prices rise, projects and investors are significantly more motivated to manage capital and risk at these price points, while also looking for new opportunities to gain exposure to other cryptoassets beyond BTC and ETH.

A trader at an over-the-counter trading company revealed privately that recent trading volume has easily reached the level of the peak of the cryptocurrency market in 2021. In addition, Brett Reeves, head of Go Network at cryptocurrency custody company BitGo, pointed out that the election results were the main driver of the recent surge in transaction volume, with two-thirds of the transaction volume generated within three months after the election results were announced.

▌An Ethereum ICO whale deposited 4160 ETH into Kraken 3 hours ago, equivalent to approximately 14.5 million US dollars

According to Spot On Chain monitoring, 3 hours ago, an Ethereum ICO whales deposited 4,160 ETH (approximately $14.5 million) into Kraken. It is worth noting that the whale obtained 20,000 ETH (worth $6,200 at the time) in the genesis block in July 2015, used it as a pledge to obtain rewards, and often sold it at the peak, and still holds it. Approximately 7,043 ETH ($24.6 million).

▌US media: Democrats don’t like Trump, but they are very much looking forward to Biden leaving office

According to the US Capitol Hill, US President Biden Prepare to leave the White House quietly. His public appearances after the election attracted little media attention. Trump, by contrast, has captured much of the public's attention even before his second inauguration. Republicans said Biden's absence from major moments was to be expected. Democrats, however, have done little to support their party leader, instead voicing their anticipation for Biden to leave office even if they don't like whoever takes office next. Some Democrats said they didn't mind Trump stealing the spotlight in the final month, noting that he didn't behave inappropriately and appeared to be more measured than he was eight years ago. Some sources said Biden's move to pardon his son left Democrats "disgusted" and "utterly" annoyed with "the whole Biden world." This is how many Democrats already feel about Biden, who believe he should choose not to run for re-election or should drop out of the 2024 race early. Former Democratic National Committee official Ivan Zappian said: "Losing is not fun... I wouldn't say it's Biden fatigue., it was more of a 'well, too bad, get ready for the next [election]' feeling. ”

▌The probability that the Federal Reserve will keep interest rates unchanged in January next year is 91.4%

According to CME’s “Fed Watch”, the probability that the Federal Reserve will keep interest rates unchanged in January next year is 91.4%. The probability of a 25 basis point rate cut is 8. 6%. The probability of keeping the current interest rate unchanged by March next year is 52.1%, the probability of a cumulative interest rate cut of 25 basis points is 44.2%, and the probability of a cumulative interest rate cut of 50 basis points is 3.7%.

▌Ripple What is Labs' RLUSD stablecoin?

RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency RLUSD, or Ripple Labs USD, aims to provide a stable currency. A digital currency used for trading and trading. As a stablecoin pegged to the U.S. dollar, 1 RLUSD is exchanged for 1 U.S. dollar. All maintain a 1:1 peg. These mortgage assets are either US dollar deposits or cash equivalents.

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