▌After the controversy over South Korea’s martial law order, South Korean stocks opened down nearly 2%

South Korea’s KOSPI index opened down 1.97%. South Korean President Yoon Seok-yue issued an emergency martial law order late at night and lifted it six hours later. In addition, according to Yonhap News Agency, South Korean regulatory agencies stated that they are ready to deploy a stock market stabilization fund of 10 trillion won at any time.

▌The President of South Korea announced the lifting of emergency martial law

South Korean President Yoon Seok-yue announced through a live broadcast at the Presidential Office in Yongsan, Seoul in the early morning of today (December 4) local time that he decided to accept the National Assembly demand that martial law be lifted. This was just over six hours after he announced the implementation of martial law on the evening of December 3. (cctv International News)

In addition, the Korean government agreed to lift martial law. (Yonhap News Agency)

▌Sources: Paul Atkins, Trump’s nominee for SEC chairman, is unwilling to accept the position

Sources revealed that Paul Atkins, Trump’s nominee for SEC chairman, is unwilling to accept the position. Unwilling to accept the position. People familiar with Atkins' thinking said the position held little appeal for him because of the amount of work needed to "turn around a bloated agency" that he believed was mismanaged by outgoing SEC Chairman Gary Gensler caused it.

Atkins is the founder and CEO of Patomak Global Partners, a global consulting firm focused on strategy, risk management and regulatory compliance. Patomak serves cryptocurrency companies, but they are only a small part of its diverse business, which also includes traditional financial clients, public companies, industry associations, law firms, banks and insurance companies.

Insiders say that Paul Atkins is unwilling to leave his company, and taking on the role of SEC chairman will require him to resign his business interests, which is possible only if the company can operate normally without him. Do.

As of press time, according to Coingecko data:

The recent transaction price of BTC was US$96,037.78, with an intraday increase or decrease of +0.0%;

ETH The latest transaction price was US$3,626.46, with an intraday increase or decrease of -0.5%;

BNB’s latest transaction price 742.46 US dollars, with an intraday increase or decrease of +14.5%;

SOL’s recent transaction price was 236.49 US dollars, with an intraday increase or decrease of +4.6%;

DOGE’s recent transaction price was 0.4114 yuan, with an intraday increase or decrease of The increase or decrease was -3.3%;

XPR’s recent transaction price was US$2.54, with an intraday increase or decrease of -6.4%.

▌Trump may allow more cryptocurrency companies to conduct IPOs

Trump may allow more cryptocurrency companies to conduct IPOs, and the regulatory environment may change in the future. hairchanges, thereby providing more financing channels and development opportunities for crypto companies. The initial public offering market may soon open to stablecoin provider Circle Internet Financial, trading platform Kraken and other companies that have said they want to go public, according to reports.

▌Sources: Trump has contacted Paul Atkins to serve as SEC chairman and is waiting for his acceptance

Sources revealed that Trump selected Paul Atkins to serve as the U.S. Securities and Exchange Commission (SEC) ) Chairman and has contacted Atkins and is awaiting his acceptance. A spokesman for Atkins did not immediately respond to a request for comment.

The prediction market Kalshi shows that the possibility of Paul Atkins becoming the next chairman of the US SEC has increased.

Previously, sources said that Paul Atkins, Trump’s nominee for SEC chairman, was unwilling to accept the position.

▌Former Celsius CEO Alex Mashinsky pleaded guilty to two charges in a New York court

Former Celsius CEO Alex Mashinsky pleaded guilty to two charges in a New York court. Bloomberg reported that Mashinsky admitted Being found guilty of commodities fraud and fraud for manipulating the price of a company's native token is punishable by up to 20 years in prison.

According to the original complaint in July 2023, Mashinsky was charged with securities fraud, commodities fraud, wire fraud and other crimes. Celsius is a cryptocurrency company that allows customers to earn interest and borrow money. The company filed for bankruptcy in 2022 and closed earlier this year.

▌Trump’s lawyers formally asked the US judge to revoke his criminal conviction in the “hush money” case

According to a court document, the US President-elect Trump's lawyers formally asked the judge on the 2nd to revoke his criminal conviction in the "hush money" case, saying that continuing to hear the case would constitute unconstitutional "interference" with the office of the president. In public court documents, Trump's lawyers told New York State Judge Juan Mercan that vacating the conviction was necessary given the unique circumstances surrounding Trump's impending return to the White House. The lawyers wrote: "Continuing to proceed with this case will interfere with Trump's transition of presidential power." It is reported that the US prosecutors need to respond before December 9. Prosecutors have previously said they would fight against any attempt to dismiss the case but were willing to postpone sentencing until 2029, after Trump's second term ends.

▌Grayscale applied to the SEC to convert Grayscale Solana Trust into Solana ETF

According to an official document, Grayscale and the New York Stock Exchange (NYSE) applied to the U.S. Securities and Exchange Commission (SEC) ) filed a 19b-4 filing to apply to GrayscaleSolana Trust (GSOL) converts to Solana ETF.

▌Privacy-focused Layer 1 Namada launches mainnet

Privacy-focused Layer 1 blockchain Namada has officially launched its mainnet , and enabled the network’s genesis block. This begins the first phase of its decentralized mainnet rollout involving staking and governance. The launch also includes a community airdrop, where eligible wallets will receive NAM tokens, and token transferability will be activated in Phase 5, which is expected to be completed within a few months.

▌The transaction volume on the Ethereum chain reached 183.7 billion US dollars in November, the highest level in the year

According to data from The Block, The transaction volume on the Ethereum chain reached $183.74 billion in November, setting the highest monthly transaction volume so far this year. This is also the highest value of Ethereum’s on-chain transaction volume in the past three years since December 2021’s $241 billion.

While this figure is far from the all-time high of $404.93 billion set in May 2021, November’s performance suggests that transaction activity levels have returned to stability. This represents a steady increase of 9% from the annual high reached in March and is almost double the annual low of $107.93 billion in on-chain transaction volume in January.

Analysts said this growth may be driven by capital rotation, as market participants lower the risk curve and reallocate funds from centralized exchanges (CEX) to on-chain activities.

▌BNB’s market value exceeded US$100 billion, setting a record high, surpassing BYD and ABB to rank 186th in the global asset rankings

According to the latest data from Infinite Market Cap, as BNB exceeded 740 US dollar, its market value also reached US$106.85 billion, hitting a record high, with an increase of 14.9% in the past 24 hours. Currently, BNB’s ranking in the global asset market value rankings has risen 33 places to 186th, surpassing BYD and ABB.

▌19,487 BTC flowed out of Coinbase in the past 24 hours, with a total value of approximately US$1.87 billion

CryptoQuant data shows that Coinbase has experienced two major fund outflows in the past 24 hours, each time Both exceed 8,000 BTC. A total of 19,487 BTC were withdrawn at an average cost of $96,043, and the total value of the two transactions was approximately $1.87 billion.

Analysts said: “A transaction of this size highlights the strong and continued interest of institutional investors in Bitcoin. Since the approval of the spot Bitcoin ETF, institutional demand has increased significantly. With retail investors Interest may soon join this trend, and Bitcoin seems poised to break $100,000 in the near future. ”

▌South Korea’s largest opposition party: If Yoon Seok-yue does not step down immediately, impeachment proceedings will be advanced

After South Korean President Yoon Seok-yue announced the implementation of martial law and lifted the order more than 6 hours later Later, South Korea's largest opposition party, the Democratic Party of Korea, urged Yin Xiyue to step down immediately and stated that if he did not resign immediately, he would advance impeachment proceedings. According to reports, the Democratic Party issued a resolution containing the above content after convening an emergency meeting of members of Congress that day. The resolution reads: “Yin Xiyue’s declaration of emergency martial law is a clear violation of the constitution and he failed to comply with any conditions required for the declaration (martial law).” “The declaration of emergency martial law itself is invalid and a serious violation of the constitution.” “This is Serious civil unrest is also a perfect reason for impeachment. "The Democratic Party said, "If Yin Xiyue does not step down immediately, the representative will immediately enter the impeachment process."

▌South Korea’s Ministry of Finance said the stock market will trade as usual

A spokesman for South Korea’s Ministry of Strategy and Finance said that the authorities have decided that the country’s stock market will open at 9 a.m. local time as usual.

All financial markets and foreign exchange markets in South Korea will operate normally. South Korea said that overnight foreign exchange and overseas assets have stabilized, and it will take all possible measures to the market as necessary and provide unlimited liquidity until the market returns to normal.

▌The probability that the Federal Reserve will cut interest rates by 25 basis points in December is 70.3%

According to CME's "Fed Watch", the probability that the Federal Reserve will keep the current interest rates unchanged by December is 29.7%, cumulatively The probability of a 25 basis point interest rate cut is 70.3%. The probability of keeping the current interest rate unchanged by January next year is 22.0%, the probability of a cumulative 25 basis point interest rate cut is 59.9%, and the probability of a cumulative 50 basis point interest rate cut is 18.0%.

▌U.S. stocks closed mixed, with the Nasdaq and S&P 500 continuing to hit new closing highs

U.S. stocks closed mixed, with the Dow down 0.17% and the Nasdaq up 0.40%. The S&P 500 index rose 0.05%, and the Nasdaq and S&P 500 indexes continued to hit new closing highs. Gold stocks generally rose, with Cordairn Mining rising by more than 8%, Hecla Mining rising by more than 6%, Pan American Silver rising by nearly 6%, Anglogold rising by more than 4%, and Harmony Gold and Gold Fields rising by nearly 3%. JPMorgan Chase expects gold prices to rise to $3,000 an ounce next year. Intel fell more than 6%. CEO Pat Gelsinger retired on December 1 and was reportedly ousted by the board of directors due to poor performance.

▌What is chain abstraction?

Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks. Blockchain chain abstraction aims to solve this problem by hiding or "abstracting" the technology from the user. This means people don’t know they are using a blockchain or which blockchain they are using. The chain abstraction works by providing a single interface that enables users and developers to interact with multiple blockchains without the complexity of managing each individual chain.sex.

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.