▌Wall Street is preparing to launch a new generation of cryptocurrency-related ETFs

With cryptocurrency-friendly Trump returning to the White House, Wall Street is preparing to launch new products in this $3.2 trillion industry. A generation of risk-based products that fully satisfy the tastes of various investors, from institutional novices to die-hard retail investors. Executives and lawyers involved in ETFs say they describe products ranging from defensive-focused ETFs for professional fund managers curious about cryptocurrencies to full-scale speculative bets for self-described degenerate gamblers. Industry investors and lawyers say riskier cryptocurrency ETFs may focus on various digital tokens, sometimes using leverage, options or quantitative strategies.

▌pump.fun: The live broadcast function on the website will be suspended indefinitely

Pump.fun issued an official announcement saying: "Recent incidents in the live broadcast on the platform have caused people's concern. We're sorry to hear about some of our users' experiences and take this opportunity to address these issues openly and directly... To ensure our users To ensure safety, we are suspending live streaming functionality on the site indefinitely until our review infrastructure is ready to handle higher levels of activity. In the future, we will be making the rules and regulations for site usage more transparent by publishing guidance. We will also provide Providing creators and users with more visibility into individual review decisions to ensure everyone understands the process and outcomes."

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$93,244.10, with an intraday increase or decrease of -4.6%;

ETH The latest transaction price was US$3,416.85, with an intraday increase or decrease of +1.8%;

BNB’s latest transaction price The price was US$635.56, with an intraday increase or decrease of -3.6%;

SOL was recently traded at US$234.88, with an intraday increase or decrease of -7.0%;

DOGE was recently traded at 0.3943 yuan, with an intraday increase of Decline -7.3%;

XPR’s recent transaction price was $1.42, with an intraday increase or decrease of +0.1%.

▌Wall Street’s “top cop” announced his resignation to make way for Trump’s supervision

U.S. Manhattan Attorney Damian Williams announced that he plans to resign on December 13 , his deputy Edward Kim will temporarily assume other duties. After Trump was elected President of the United States on November 5, he announced that he would nominate former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton to manage the Manhattan Prosecutor's Office. The Southern District of New York, known as a sovereign district due to its independent status, has handled many high-profile financial fraud cases. During Williams' tenure, he completed the prosecution of SBF, the founder of the original cryptocurrency exchange FTX, and Bill Hwang, the founder of the family office Archegos.

▌The U.S. special prosecutor is withdrawnElection subversion case against Trump

According to CNN, U.S. Special Prosecutor Jack Smith said on Monday that he would drop the election subversion case against President-elect Trump and in a submission to a judge In a court filing, he sought to dismiss the case. Trump has said he would fire Smith once he takes office, breaking with previous practice regarding special counsel investigations. "The Department of Justice's position is that the Constitution requires that this case be dismissed before the defendant is sworn in," Smith, who has spent the past two years criminally pursuing Trump, wrote in a six-page filing. , charged with trying to subvert the 2020 presidential election and his mishandling of classified documents, is a very unique chapter in American history: Never before has a former White House occupant faced federal criminal charges.

▌Market news: U.S. Customs and Border Protection detained certain imported Bitmain mining machines

According to market news, The Mining Pod blog program disclosed that U.S. Customs and Border Protection (CBP) is detaining certain imported Bitmain Antminers at U.S. ports of entry. The equipment involved is Bitmain’s Antminer S21 and T21 series, Bitmain’s latest ASIC mining machine series. The FCC and CBP are not targeting other ASIC manufacturers such as MicroBT or Canaan, sources said. Beyond revealing that the FCC requested the freeze, U.S. Customs and Border Protection did not provide affected parties with specific reasons for the action or how long the shipments would be held.

▌Ripple and Archax launch first tokenized money market fund on XRP Ledger

Ripple announced the launch of the first tokenized currency on XRP Ledger Market funds, as a start, Ripple’s XRP Ledge will tokenize asset management company abrdn’s $4.77 billion liquidity fund.

Ripple has formed a partnership with Archax, the UK’s first cryptocurrency exchange, broker and custodian regulated by the Financial Conduct Authority, giving Archax access to abrdn’s money market funds.

Ripple said in a statement on November 25 that the tokenization of abrdn’s $4.77 billion money market fund on XRPL demonstrates that RWA is being transferred on-chain to achieve operating cost savings and settlement efficiencies. improve.

▌Avalanche launches Avalanche9000 upgrade on testnet and launches $40 million funding plan

The team behind the layer 1 blockchain network Avalanche launched its major upgrade on testnet on Monday , this upgrade is called "Avalanche9000", contains multiple technical improvements aimed at reducing blockchain deployment costs by 99.9%. These improvements include community proposals ACP-77 (making Avalanche layer 1 validators more flexible) and ACP-125 (aiming to make Avalanche's 96% lower base costs).

The upgrade will be accompanied by Retro9000, a $40 million grant program to award in-house fees, the release said. Builder of Avalanche9000 testnet development layer 1 blockchain and other tools

▌FLOKI: Valhalla mainnet launch will be postponed to the first quarter of 2025

FLOKI on the X platform. An announcement was made that based on audit feedback, the launch of the Valhalla mainnet will be postponed to the first quarter of 2025. Valhalla is Floki It is reported that in order to ensure the absolute security of assets and users in the Valhalla ecosystem, FLOKI commissioned two audit institutions, Hacken and OpenZeppelin, to review Valhalla before the launch of the mainnet. contracts, they have recently made some recommendations that will help further enhance the security of the platform as well as Valhalla The security of users and assets in the ecosystem, and it will take at least several weeks to implement and test these changes, the launch of the mainnet will be postponed out of caution

▌Online video platform Rumble. Will buy $20 million in Bitcoin

Online video platform Rumble will buy up to $20 million in Bitcoin using Bitcoin financial strategy

▌BlackRock and Fidelity spot Bitcoin. Coin ETF Trading volume reached $4.37 billion on November 25

BlackRock and Fidelity’s spot Bitcoin ETFs The total trading volume on November 25 reached US$4.37 billion.

▌Wintermute analysts: Funds are moving from BTC to ETH, and derivatives market activity is surging

Wintermute analysts said that funds are moving from BTC to ETH. Moving from BTC to ETH, derivatives market Market activity surged. Ether's open interest surged over the weekend, while implied volatility also rose and demand for call options increased significantly, indicating growing confidence among derivatives traders.

Analysts. Said that the shift from Bitcoin to Ethereum was characterized by a sharp increase in Ethereum’s implied volatility, with a bearish-call bias reaching The highest level in 12 months, indicating a strong investor appetite for upside risk, according to Wintermute analysts, who are actively pushing the market higher with upside buying.The update states: “Funds have been flowing into Ethereum over the past few trading days as open interest on exchanges pushed to all-time highs over the weekend.”

▌Glassnode: Monthly Monthly for Long-term Bitcoin Holders Sell-off volume reaches highest level since April Highest

Data tracked by Glassnode shows that long-term Bitcoin holders (LTH) have recently begun large-scale selling, with monthly sales reaching the highest level since April 2024, reaching 366,000 BTC.

Data shows that in LTH, the group with a holding period of 6 months to 12 months leads the way, selling an average of 25,600 BTC per day. Most of the recent selling activities come from this specific investor group.

▌Fed Kashkari: It is reasonable to consider cutting interest rates in December

Federal Reserve Kashkari said it is reasonable to cut interest rates in December consider. The neutral rate may be higher and the restrictions less stringent. Geographical risks are the primary consideration for the economic outlook. It declined to comment on the Treasury Department nominee. Need to put the United States on a sustainable fiscal path.

▌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.