About a half-dozen M&A advisors and venture capitalists believe Trump will follow through on his promise to fire Gary Gensler, who has been enforcing crypto regulation through law enforcement for years. Experts also believe Trump could pave the way for more favorable cryptocurrency regulation. Given these upcoming changes, M&A advisors and venture capitalists said they expect cryptocurrency M&A deals to pick up pace next year. “With Trump in the White House, we expect 2025 to be a more active year for deals,” said Casper Johansen, head of consulting at The Spartan Group. Haseeb Qureshi, managing partner at Dragonfly Capital, said Trump’s victory and changes in SEC leadership would ease concerns about deals being blocked, business channels being declared illegal or the SEC taking legal action. Some investment bankers who focus on digital assets said they expect many CEOs to use acquisitions to accelerate expansion plans during Trump’s second presidency. Some cryptocurrency companies that have revealed deal plans include brokerage FalconX and stablecoin issuer Tether. In June, Tether said it expected to invest $1 billion in transactions over the next 12 months. There’s also Stripe Inc., a fintech company valued at about $70 billion, which announced plans last month to acquire stablecoin startup Bridge for about $1.1 billion. Uncertainty about U.S. regulations and the SEC aren’t the only challenges in executing M&A deals. A key reason deals fail is that buyers and sellers can’t agree on a company’s valuation. Most cryptocurrency companies raised money during the bull run that ended in 2022. That means their last financing valuations were much higher than the current market. If buyers and sellers can’t agree, deals fall through. However, Qureshi said: “All things considered, I expect the next four years to be much more favorable than the last four.” (CryptoSlate)

From November 2 to November 9, 2024, NFT transactions amounted to $95.72 million, up 14.99% from the previous week, after weeks of declining trading volume. However, this week the number of buyers dropped sharply by 90.21%, while the number of sellers dropped by 88.80%. During the period, NFT sales on the Ethereum chain reached $31.14 million, ranking first, up 13.25% from the previous month; NFTs on the Bitcoin chain ranked second with sales of $26.01 million, and Solana ranked third (sales of $12.97 million). (Bitcoin.com)

According to Odaily, monitoring data from Lookonchain reveals that a substantial amount of USDT has been transferred to exchanges since November 6. Specifically, a total of 2.54 billion USDT has flowed from Tether into various trading platforms. This movement of funds is noteworthy as it may indicate increased trading activity or potential market shifts. The influx of such a large volume of USDT could have implications for market liquidity and trading dynamics, potentially affecting cryptocurrency prices and investor strategies. Market participants are closely observing these developments to assess their impact on the broader cryptocurrency ecosystem.

According to Lookonchain monitoring, 2.54 billion USDT have flowed from Tether to exchanges since November 6.

Etherscan data shows that the supply of USDe, a stablecoin issued by Ethena Labs, has returned to above 2.9 billion, currently at approximately 2,906,390,238, with 18,588 holders and 651,070 transfers.

According to Odaily, the Bank of Korea has recently signed an agreement with the Ministry of Science and ICT (MSIT) and the Financial Services Commission (FSC) to test the feasibility of a Central Bank Digital Currency (CBDC) and tokenized deposits. This initiative follows a September report indicating that the Bank of Korea is preparing to conduct a tokenized deposit trial involving approximately 100,000 participants. The trial, which was officially announced a year ago, aims to integrate wholesale CBDC for interbank settlements. In June, MSIT and the Korea Internet and Security Agency (KISA) allocated a budget to the Bank of Korea for developing a smartphone-based voucher program. These vouchers are intended for purchasing welfare, cultural, educational, and other goods and services. Consequently, the Bank of Korea has developed a digital voucher management platform to address the complexities and fraud risks associated with paper vouchers. The vouchers will utilize Singapore's Purpose-Bound Money (PBM) model, which encapsulates deposit tokens within smart contracts and defines their usage conditions. The FSC has approved seven domestic banks to participate as innovative financial services providers, although their compliance will be continuously monitored. These banks include Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, Korea Development Bank, NongHyup Bank, and Busan Bank. Notably, the deposit tokens will be protected under the traditional deposit protection system. As of now, the Bank of Korea has not disclosed detailed information regarding user recruitment and the vouchers.

Recently, the Bank of Korea signed a usability testing agreement for the CBDC and tokenized deposit pilot with the Ministry of Science and ICT (MSIT) and the Financial Services Commission (FSC). As reported in September, the Bank of Korea is preparing to conduct a tokenized deposit trial for about 100,000 people, and announced formal plans for such a trial a year ago, combining a wholesale central bank digital currency (wCBDC) for interbank settlement. In June, MSIT and the Korea Internet and Security Agency (KISA) provided the Bank of Korea with a budget to develop a voucher program using smartphones, which can be used to purchase welfare, cultural, educational and other goods and services. As a result, the Bank of Korea has developed a digital voucher management platform that aims to address the settlement complexity and fraud potential associated with paper vouchers. The voucher will use Singapore's dedicated fund (PBM) model, which essentially encapsulates deposit tokens in smart contracts and defines the conditions for the use of the tokens. The FSC has approved seven local banks to participate as innovative financial services, although the banks' compliance will be constantly reviewed. These banks include Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, Industrial Bank of Korea, Nonghyup Bank and Busan Bank. It is worth noting that deposit tokens will be protected by the traditional deposit protection system. So far, the Bank of Korea has not announced details about user recruitment and vouchers. (Ledger Insights)

이번 주 암호화폐 소식에서는 도널드 트럼프의 역사적인 선거 승리와 그 영향, 비트코인과 SEC 위원장 게리 겐슬러에 대한 영향, 기관 지원 속 새로운 XRP ETF 신청, 그리고 카르다노의 주요 새 업그레이드까지 다양한 내용을 다룹니다. 이러한 혼란스럽고 상호 연관된 개발들이 전체 암호화폐 커뮤니티에 긍정적인 감정을 자극하였습니다. 카르다노(ADA) 노드 10.11 업그레이드, 새 시대 개막 11월 1일, 카르다노 주도의 회원 조직인 인터섹트 MBO는 노드 10.11 업데이트를 시작하였습니다. 이는 플랫폼이 창 #2 하드 포크를 지원하는 첫 번째 메인넷 업데이트였습니다. 이 업데이트는 여러 주요 기술적 및 민주적 혁신을 제공하며, 카르다노의 성숙한 온체인 거버넌스 모델로서 새로운 시대를 표시할... source: https://kr.beincrypto.com/base-news/82225/

Scallop announced on X that sCoin is now integrated into Cetus Aggregator. Users can directly exchange sCoin and its underlying token through Cetus, supported by Scallop's sCoin minting and destruction. Please note: Since sCoin represents a user's lending position in the Scallop supply pool, exchanging sCoin for its underlying token will withdraw the user's lending position on Scallop.

비트코인은 최근 눈에 띄는 상승세를 보이며 이번 주 거의 매일 새로운 사상 최고치를 경신하고 있습니다. 이전의 고점들과 달리, 이번 랠리는 견고한 시장 기초에 의해 더 지속 가능해 보입니다. 비트코인의 지속적인 성장은 주목할 만한 관심을 끌며 자산에 더 많은 상승 잠재력을 부여합니다. 초강세 보이는 비트코인…NVT 지표상 아직 고평가 아냐 글래스노드의 분석에 따르면 비트코인의 실현된 시가총액은 지난 30일 동안 3.8% 상승하여 2023년 1월 이후 가장 큰 유입을 기록했습니다. 이 증가는 투자 활동의 증가와 암호화폐 가치 안정성에 대한 신뢰가 커졌음을 반영합니다. “실현된 시가총액은 현재 6560억 달러의 사상 최고치에서 거래되고 있으며, 30일간의 순자본 유입은 25억 달러입니다.”라고... source: https://kr.beincrypto.com/base-news/82221/

Raydium accounts for 60.7% of the total trading volume of Solana ecosystem DEX.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.

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