▌Trump nominees received violent threats, and the FBI launched an investigation
The FBI said it had noticed multiple bomb threats and threats against nominees of the Trump transition team. incidents of harassment and are working with law enforcement partners to investigate these incidents. The FBI says it takes all potential threats seriously and encourages the public to immediately report any incidents they believe are suspicious to law enforcement. Earlier, US President-elect Trump’s transition team announced that on the evening of the 26th and the morning of the 27th, several of Trump’s cabinet nominees received violent threats from “un-Americans”.
▌The Mayor of Vancouver, Canada plans to launch a "Bitcoin Friendly City" plan
Ken Sim, Mayor of Vancouver since 2022, announced that the City of Vancouver, Canada It plans to add Bitcoin to its balance sheet as part of its investment diversification efforts.
At the Vancouver City Council meeting on November 26, Mayor Sim submitted a notice of motion, scheduled to be tabled on December 11, titled “Preserving the City’s Economy through Diversification of Financial Resources.” Purchasing Power: Becoming a Bitcoin Friendly City.” As of Nov. 27, the motion does not appear to have been posted on the city’s website, and the Vancouver mayor’s office declined to comment.
It is unclear whether the Vancouver mayor’s motion is a response to local and federal considerations in the United States to legislate the establishment of a Bitcoin reserve. After the 2024 election, lawmakers in the U.S. Pennsylvania House of Representatives and the U.S. Senate have proposed plans to hold Bitcoin as a reserve asset.
Quotes
As of press time, according to Coingecko data:
The recent transaction price of BTC was US$95,888.47, with an intraday increase or decrease of +4.2%;
ETH The recent transaction price was US$3,653.58, with an intraday increase or decrease of +9.9%;
BNB’s recent transaction price The price was US$644.33, with an intraday increase or decrease of +5.3%;
SOL’s recent transaction price was US$241.36, with an intraday increase or decrease of +4.4%;
DOGE’s recent transaction price was 0.4002 yuan, with an intraday increase of Decline +3.4%;
XPR’s recent transaction price was $1.47, with an intraday increase or decrease of +5.0%.
▌The nomination of Trump’s new ministers has been completed, and more than 5 of them are “coin speculators”
On November 23, local time, President-elect Trump of the United States Trump has announced the nomination of Brooke Rollins as Agriculture Secretary. At this point, all candidates for Trump's new cabinet ministers have been confirmed. In addition, Trump has also nominated a number of high-level officials in the past few weeks. Judging from the new list, in addition to names well-known in the crypto market such as Musk and Howard Lutnick, many cabinet officials are firm supporters of cryptocurrencies and have publicly spoken out about Canada.Cryptocurrency holdings, including nominated Vice President, Secretary of the Treasury, Secretary of Commerce, Secretary of Health and Human Services, Director of Intelligence, etc.
▌Cryptocurrency supporter Paul Atkins has become a popular candidate for SEC chairman
According to people familiar with the matter, U.S. President-elect Trump’s transition team has reached out to senior financial regulators and conservative financial regulators. Paul Atkins, a man behind the scenes in the industry, was interviewed as a candidate for chairman of the Securities and Exchange Commission (SEC). Atkins is the top contender to replace the outgoing Gensler, people familiar with the matter said. Trump is expected to make his choice in the coming days and no decision has been made yet, they said. Atkins served as an SEC commissioner under George W. Bush and later founded Patomak Global Partners, a firm that advises major financial industry clients. He is a strong supporter of digital assets and fintech companies. He has also testified before Congress on how to restructure the agency's operations and reduce regulations that some in the industry view as duplicative or overly burdensome.
▌Bitwise submitted 10 cryptocurrency index ETFs to the U.S. SEC
Bitwise submitted 10 cryptocurrency index ETFs to the U.S. Securities and Exchange Commission (SEC), including: Bitcoin, XRP, Solana, Cardano, Uniswap, Polkadot, Chainlink, Ethereum, Avalanche, Bitcoin Cash.
▌Musk and Ramaswamy will go to Capitol Hill to discuss U.S. federal reforms
On November 27, local time, U.S. House Speaker Mike Johnson said that American entrepreneurs Elon Musk and former Republican presidential candidate Vivek Ramaswamy will go to Capitol Hill on December 5 to discuss with House and Senate Republicans "the major steps to achieve regulatory rollback, administrative reductions and cost savings." Reform ideas. Previously, US President-elect Trump announced on November 12 that Musk and Ramaswamy would jointly lead the proposed "Department of Efficiency" after he takes office as president, which will "pave the way to dismantle the bureaucracy. Cut redundant regulations and wasteful spending, and reorganize federal agencies.”
Blockchain Applications
▌Bitcoin miner IREN: Has been in contact with a trillion-dollar company to host AI-related infrastructure
Sydney-based Bitcoin Daniel Roberts, co-CEO and co-founder of coin miner IREN, said that the company has been approached by a hyperscaler (a large cloud service provider) to potentially build a mining operation at IREN’s Sweetwater, Texas, mining site. Managed AI infrastructure. He said: “Two hours ago, we received an email from a trillion-dollar ultra-large scale"We received an email from a mold company saying they were interested in Sweetwater," Roberts said without revealing too many details.
In addition, the cost for IREN to mine Bitcoin is approximately $29,000, which is well below the market price of approximately $96,000. USD, Daniel Roberts said the company has an opportunity to accumulate Bitcoin at a discount compared to other companies paying spot prices
▌The European Parliament approves a new list of commissioners, including the possibility of overseeing cryptocurrencies. Commissioners for rules
The European Parliament on Wednesday approved a list of commissioners, including those responsible for overseeing digital asset regulation, Commissioners Stephane Sejourne, Maria Luis Albuquerque and Henna Virkkunen Cryptocurrencies may be included in its remit. In September, European Parliament President Ursula Von der Leyen proposed a list of commissioners, although cryptocurrencies are not among them. A core theme in the post, but the Commission will be responsible for ensuring the implementation of digital asset rules. In addition, the EU’s crypto-asset market legislation MiCA will be released on 12. It will take full effect at the end of the month, so more work may be needed to ensure implementation
Cryptocurrencies
▌Cryptocurrency trading volume exceeds that of the stock market, and Bitcoin’s surge puts pressure on South Korea’s small-cap stocks< /p>
Bitcoin’s surge has put pressure on South Korea’s small-cap stocks, which have soared nearly 35% since Trump won the election on November 5. The Kosdaq index, which is dominated by small-cap stocks, fell 8% and may become Asia's worst-performing index this year. Analysts said that the decline was partly due to small investors selling stocks and switching to Bitcoin, exacerbating the situation. The stock index has lost about a fifth of its market value this year. Trading volume on South Korea’s cryptocurrency exchanges has exceeded that of the benchmark stock index KOSPI. Hong Songuk, a digital asset analyst at Investment & Securities, said that since Bitcoin spot ETFs are banned in South Korea, investors have bet on leveraged funds that trade Bitcoin futures, and other investors have bought MicroStrategy (MSTR.O) Stocks.
▌Arkham: Trump’s address once made a profit of $3.5 million through the airdropped TROG and GUA
According to Arkham monitoring, Donald Trump’s address gained through the airdropped TROG,GUA This resulted in a temporary profit of US$3.5 million. As of press time, the 210.3 billion TROG held in Trump's address was worth US$1.94 million, and the 1.388 billion GUA was worth US$524,000. Both tokens were airdropped to the special token by developers. Trump’s.
▌Stablecoin trading volume rose to 1.8 trillion U.S. dollars
According to a report released by CCData on November 27, stablecoin trading volume increased significantly by 77.5% this month, rising to 1.81 trillion U.S. dollars as of November 25. This growth is expected to make the center The exchange’s monthly trading volume hit an annual high.
Continuing a 14-month upward trend, the report stated that the total market value of stablecoins rose by 9.94% in November to US$190 billion, surpassing the all-time high of US$188 billion set in April 2022 before the collapse of TerraUSD level. Despite the growth, market dominance fell to 5.54% from 7.22% in October as investors and traders increased their diversification into Bitcoin BTC and altcoins.
▌CryptoQuant analyst: Ethereum’s “secondary bull market” has begun
CryptoQuant analyst crypto sunmoon said that Ethereum’s “secondary bull market” has begun.
Analysts said that in the past bull markets of the cryptocurrency market, Ethereum always experienced two rounds of rises, in which the second bull market cycle always greatly exceeded the price set by the first bull market cycle.
Important Economic Updates
▌The probability that the Federal Reserve will cut interest rates by 25 basis points in December is 66.5%
According to CME's "Fed Watch", the Federal Reserve will maintain current interest rates unchanged until December. The probability is 33.5%, and the probability of a cumulative 25 basis points interest rate cut is 66.5%. The probability of keeping current interest rates unchanged by January next year is 26.3%, the probability of a cumulative 25 basis point interest rate cut is 59.5%, and the probability of a cumulative 50 basis point interest rate cut is 14.2%.
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.