Dune data shows that the transaction volume of the prediction market Polymarket exceeded US$2.5 billion in November, setting a new record and increasing by about 13% month-on-month. In addition, the number of active trading users of Polymarket in November was 293,705, and the number of new accounts reached 339,531, both of which were new highs.

Cobo co-founder and CEO Shenyu YuX posted: "I was wrong. I didn't expect the copycat season to come at the end of November." Previously, Shenyu said "There is no copycat season in this cycle."

According to Foresight News, CNBC reports that Coinbase's Chief Policy Officer, Faryar Shirzad, has expressed optimism about the future of cryptocurrency legislation in the United States. Shirzad highlighted that with the current Congress being the most crypto-friendly in history and a president who is particularly supportive of digital currencies, significant progress is anticipated in the legislative landscape. Shirzad predicts that by 2025, there will be substantial advancements in market structure legislation and stablecoin regulation. He believes these legislative efforts are likely to pass through Congress swiftly, given the favorable political climate. This outlook suggests a promising future for the cryptocurrency industry, as regulatory clarity and supportive policies could foster growth and innovation. The anticipated legislative changes are expected to address key areas within the cryptocurrency market, potentially providing a more structured and stable environment for digital assets. This development could attract more institutional investors and enhance the overall credibility of the crypto market. As the industry continues to evolve, the role of policymakers and their approach to regulation will be crucial in shaping the future of cryptocurrencies.

According to BlockBeats, on December 2, Cobo's co-founder and CEO, Shenyu, expressed surprise over the emergence of an altcoin season at the end of November. In a post on X, Shenyu admitted, 'I was wrong, I didn't expect the altcoin season to arrive at the end of November.' Previously, Shenyu had stated that there would be no altcoin season in the current cycle. This unexpected development in the cryptocurrency market has caught the attention of industry observers, as altcoin seasons are typically characterized by significant price increases in alternative cryptocurrencies compared to Bitcoin. Shenyu's acknowledgment highlights the unpredictable nature of the cryptocurrency market, where trends can shift rapidly and unexpectedly. The emergence of an altcoin season suggests a renewed interest and investment in alternative cryptocurrencies, which could lead to increased market activity and volatility. Market participants and analysts will likely be closely monitoring these developments to assess their potential impact on the broader cryptocurrency landscape. Shenyu's comments underscore the challenges of predicting market trends in the fast-evolving world of digital assets.

The Block data shows that Bitcoin miners earned $1.21 billion in November, an increase of $190 million from October ($1.02 billion), a month-on-month increase of 18.6%. Of this, $1.17 billion came from block rewards and $38.73 million came from handling fees.

OKX market data shows that KAIA rose above 0.28 USDT and is currently trading at 0.2814 USDT, with a 24-hour increase of 30.87%.

According to Odaily, the Russian Central Bank has announced significant progress in its efforts to combat illegal peer-to-peer (P2P) cryptocurrency transactions. The bank claims that the number of high-risk P2P transactions in the country has decreased by 2.8 times compared to 2023. This assertion was made in the latest financial stability assessment, which focused on the economic performance of the second and third quarters of the 2024 fiscal year. The Russian Central Bank has been collaborating with commercial banks nationwide to address this issue. Together, they have successfully blocked numerous transactions linked to P2P trading platforms. Despite the introduction of several cryptocurrency-related laws in Moscow during the latter half of 2024, the cryptocurrency trading market in Russia remains unregulated, with none of these laws addressing exchange-related issues. The market is highly decentralized and includes covert participants and companies claiming to facilitate cross-border cash transfers using cryptocurrencies. This has led to an expansion of the P2P market. In June 2023, a cybersecurity platform reported that Russian traders could conduct transactions worth approximately $296 million daily. The central bank's report highlights that underground cryptocurrency exchanges and P2P operators often use payment cards or accounts issued to fictitious individuals for settlements. Combating such schemes has become a priority, with ongoing cooperation with credit institutions to assist banks in blocking transfers. Additionally, global cryptocurrency platform website traffic from Russian IP addresses has surged by 56.5%, reaching 166.9 million visits. Russian visitors now account for 7.5% of all visitors to major global cryptocurrency trading platforms, marking a 1.3% increase since the last data release. Furthermore, the bank noted a 16% decline in the estimated balance of Russian cryptocurrency wallet holdings on exchanges in the third quarter of 2024 compared to March. Russians currently hold approximately $6.1 billion in these wallets, with 69% in Bitcoin, 21% in Ethereum, and 10% in stablecoins.

According to BlockBeats, recent data from the CME's 'FedWatch' tool indicates that there is a 32.9% probability that the Federal Reserve will maintain its current interest rates through December. Meanwhile, there is a 67.1% chance that the Federal Reserve will implement a cumulative rate cut of 25 basis points. These probabilities reflect the market's expectations regarding the Federal Reserve's monetary policy decisions as the year comes to a close. The Fed's interest rate decisions are closely monitored by investors and economists, as they have significant implications for economic growth, inflation, and financial markets. The current probabilities suggest that market participants are leaning towards the likelihood of a rate cut, which could signal a shift in the Fed's approach to managing economic conditions. The Fed's decision-making process is influenced by various economic indicators, including inflation rates, employment figures, and overall economic growth. As such, the probabilities provided by the CME's 'FedWatch' tool are subject to change as new economic data becomes available. Market participants will continue to monitor these developments closely, as any changes in the Fed's policy stance could have wide-ranging effects on both domestic and global economies.

According to CME's "Fed Watch": The probability that the Federal Reserve will maintain the current interest rate unchanged by December is 32.9%, and the probability of a cumulative interest rate cut of 25 basis points is 67.1%.

Coinbase Chief Policy Officer Faryar Shirzad expects the U.S. to quickly regulate the cryptocurrency industry once Trump takes office as president, and that cryptocurrency legislation will pass Congress "fairly quickly." Republicans also control the House and Senate, which Shirzad said should make the process of approving cryptocurrency laws smoother. "We have the most pro-crypto Congress in history, and we have a particularly pro-crypto president in office," Shirzad said recently at an event organized by the UK branch of Stand With Crypto. "I think this combination should ultimately allow the interests and voices of 50 million Americans who own cryptocurrencies to be heard in policy." His comments come as two key cryptocurrency-related legislation is being considered by Congress. One is the Republican-sponsored 21st Century Financial Innovation and Technology Act, which aims to establish a legal framework for digital assets. The bill passed the House earlier this year. The other is the Payment Stablecoin Clarification Act, which aims to establish a regulatory regime to issue licenses for stablecoin issuers, which has not yet passed a House vote. Shirzad said he is “optimistic” that the bill will pass, but noted that the chances of crypto legislation being considered in the so-called “lame duck” post-election period are “low.” Even if Congress does not approve crypto legislation this year, Shirzad expects “significant progress and passage of market structure legislation and stablecoin legislation” in 2025. (CNBC)

Robert Kiyosaki predicts Bitcoin could drop to $60,000 but remains confident in its long-term potential, planning to buy more if the price falls. He forecasts Bitcoin could reach $250,000 by 2025 and even $500,000, according to an AI model.

How regulatory resistance crushed Facebook Libra's global payment vision? Golden Finance Regulatory pressure and withdrawal of funding from supporting institutions led to the project's cessation

Michael Saylor told Microsoft's board of directors that Microsoft cannot miss the next wave of technology, "digital capital." The biggest digital transformation in the 21st century is capital transformation, and Bitcoin is digital capital.

Elon Musk has filed a legal challenge to stop OpenAI from becoming a fully for-profit company, claiming it violates its original mission and harms competition. He also accuses OpenAI and Microsoft of using their partnership to block funding for rival AI companies like his own xAI.

The most discussed topic today is why @HyperliquidX is more successful than other Perps. Let me talk about $HYPE from my personal experience.

Meme and public chains are an interesting pair of symbionts, and they are also very similar. The most important thing for MEME is traffic and reaching users, because without value, there is no valuation system to constrain it. It only needs exaggerated rises and falls to reach users, and consensus determines the price.

The price of XRP has risen rapidly in recent days, reaching US$2.42 per coin, and its market value has exceeded US$137 billion, making it the third largest crypto asset in the world.

XRP may be in the midst of a “leverage-driven” rally as the asset’s price surges to a new yearly high.

Although I consider myself a cryptographer, I am not particularly interested in "crypto".

Exchange, Zhao Changpeng, The grudges in the Chinese cryptocurrency circle, Golden Finance, In 1986, a baby boy was born in Shaoyang, Hunan.