“While we’ve seen strong institutional buying pressure, particularly from entities like MicroStrategy’s ongoing accumulation strategy, the broader crypto ecosystem is experiencing a diversification of capital flows from both institutional and non-institutional players,” said Chris Newhouse, head of research at Cumberland Labs. “After six weeks of positive inflows, we’ve seen a week of selling, and derivatives traders are looking at ETF demand as a measure of macro direction,” Fadi Aboualfa, head of research at Copper Technologies Ltd., said on Monday. “Early Bitcoin ETF investors may be keen to rebalance their portfolios as their funds have more than doubled. After all, at least half of their investments are risk-free money when the market hits a psychological barrier.” Veter Lunde, head of research at digital asset research firm K33, cited data from The Bitcoin Lab: “On-chain data shows that the medium-term group (traders who bought BTC in the $55,000-70,000 range) is actively taking profits, and profit-taking is particularly intense when BTC trades above $90,000.” Lunde The indicator is an estimate that tracks Bitcoin on-chain movements, categorized by last price, according to the report. However, it is rare to see such a significant concentration in a price group, so this suggests that the group is particularly active at current prices. Wintermute OTC trader Jake Ostrovskis said: "The market has stagnated over the past 10 days, with Bitcoin prices just below 100,000. Volatility has compressed slightly to the 64th percentile, while Ethereum prices have remained at the 81st percentile, with a significantly higher increase." (Bloomberg)

The world’s largest hedge funds took full advantage of trading opportunities sparked by Trump’s election last month, putting the industry on track for its strongest returns in at least four years. Balyasny Asset Management’s hedge fund gained 3.9% for the month, helping turn its lackluster year through October into an 11.6% gain, according to people familiar with the matter. Schonfeld Strategic Advisors’ Fundamental Equity pool and Citadel’s Tactical Trading fund also rose last month, pushing their 2024 gains to 18.6% and 20%, respectively, making them the two best performing multi-strategy hedge funds so far this year, according to people familiar with the matter. Separately, a PivotalPath benchmark that tracks 70 multi-strategy hedge funds is already on track for its best performance of 2020. (Bloomberg)

On Dec 03, 2024, 00:37 AM(UTC). According to Binance Market Data, BNB has crossed the 650 USDT benchmark and is now trading at 650.159973 USDT, with a narrowed narrowed 1.28% decrease in 24 hours.

According to Odaily, recent data from Tree News indicates that BlackRock's ETHA experienced a substantial net inflow of $56.1 million yesterday. This significant movement highlights growing investor interest and confidence in the asset. The inflow marks a notable development in the financial landscape, reflecting broader trends in the market. The influx of capital into BlackRock's ETHA suggests a positive sentiment among investors, potentially driven by various market factors. This development could have implications for future investment strategies and market dynamics. As the financial sector continues to evolve, such movements are closely monitored by analysts and investors alike, providing insights into potential market shifts and opportunities.

According to Farside Investors, ARKB saw net inflows of $17.2 million yesterday.

Bitcoin, the world’s leading cryptocurrency, appears to be on the brink of a potential sharp rise. According to a CryptoQuant analyst, Crypto Dan, the market could experience a significant upward trend within the next two months. This insight, shared on the CryptoQuant QuickTake platform, is based on a critical market indicator that has historically signaled major price rallies. Related... source: https://www.newsbtc.com/bitcoin-news/bitcoin-to-enter-final-bull-phase-key-indicator-hints-at-major-price-movement/

MOODENG price jumped more than 60% in the last 24 hours after Coinbase added the coin to its listing roadmap. The significant price movement was accompanied by a rise in the Average Directional Index (ADX) from 14 to 21.6, indicating growing trend strength. The coin’s Relative Strength Index (RSI) also surged dramatically from 32 to almost 80, suggesting a rapid market momentum shift.... source: https://beincrypto.com/moodeng-price-explodes-coinbase-listing-announcement/

According to Tree News monitoring, BlackRock IBIT had a net inflow of $337.8 million yesterday.

암호화폐 분서각 알리 마르티네즈 X : “도지코인 고래들은 주말 동안 추가로 1.6억 DOGE(약 940억원)를 매수했다.” 크립토퀀트 CEO “코인베이스의 주말 주중 거래량 격차로 기관 추세 파악 가능” 테더 트레저리, 이더리움 넽트워크에서 10억 USDT 추가 발행 미 채굴업체 마라, 비트코인 추가 구매 위해 8.05억 달러 조달 계획 source: https://coincode.kr/28016

Layer1 blockchain project Sonic Labs (formerly Fantom) announced that its mainnet has generated the first transaction block, marking the completion of the "Genesis" phase and is expected to be officially launched soon. The team previously announced that it expects the mainnet to be launched in late November or early December, which means it is expected to maintain this schedule. Last Sunday, Sonic Labs said that it had taken a "snapshot" for the airdrop S token allocation. After the launch, the token can be exchanged with Fantom's existing FTM token at a 1:1 ratio. The new chain will use an Ethereum bridge called Sonic Gateway, allowing the platform to take advantage of Ethereum's liquidity and user base while maintaining its own high throughput and low transaction costs. It will also have a shared sorter that enables it to generate and protect blocks for multiple rollups at the same time. (The Block)

After Trump returns to the White House, where will China-U.S. relations head? How should China respond?

Golden Finance launched the 2527th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Vitalik Buterin, Zuzalu, IOSG | Emerging Pop-up Cities Golden Finance, We are witnessing an extraordinary transformation in the field of human collaboration.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

In November 2024, a total of 21 hacking incidents occurred, resulting in a loss of approximately US$76.86 million, of which US$25.5 million was returned. The causes of the incidents involved contract loopholes, account hacking, and price manipulation.

As large language models revolutionize content creation, the use of artificial intelligence will grow significantly, with global revenue in the field expected to grow from $30 million today to $70 billion to $150 billion by the end of this decade.

A true paradigm revolution is by no means a pilgrimage of return as a convert to the old order, but a firm exploration of the new world beyond experience as a rebel.

With the bull market in hand, 2024 is an exciting year for Layer 1 (L1) blockchain.

Recommended readings tonight: 1. Can XRP still be bought after a 400% increase in a single month? 2. The risk of a dollar collapse is increasing. Is BTC, standing at a fiscal crossroads, a savior? 3. Ripple and XRP: Encryption policy drive and decentralization challenges;

For stablecoins pegged to the US dollar like USDC, MiCA stipulates that their issuers must obtain an Electronic Money Institution (EMI) license and ensure that the reserves of the stablecoin match its circulation.