Energy finance company PowerDime has revealed that it is developing a tokenized renewable energy trading platform based on the L1 blockchain network Chintai. The platform is aimed at institutional investors seeking yield and renewable energy projects seeking financing options. The platform will use tokenized virtual power purchase agreements (financial contracts for electricity fixed prices) and provide investors with regular cash flows. Chintai Managing Director Josh Gordon said: "By leveraging the power of blockchain, we are transforming renewable energy into more than just a promise, it is now an investment opportunity. By tokenizing traditional illiquid contracts, we provide institutional investors with the tools to drive a sustainable future while earning real financial returns." Gordon also said that the platform currently covers wind and solar energy, and plans to expand its renewable energy services in the future. The platform is already in use in parts of the United States, the United Kingdom and the Asia-Pacific region, and plans to expand to other jurisdictions over time. (Cointelegraph)

The European Central Bank (ECB) has published its second progress report in the preparatory phase for the launch of a digital euro. Among other issues, holding limits and legal coordination of central bank digital currencies (CBDCs) are discussed in the report. After reviewing the digital euro rulebook under development, the Rulebook Development Group has launched seven workstreams led by market participants and central banks to continue its development. The rulebook seeks to harmonize national laws to guarantee common standards. A report on its progress was published in September, and another report is due in July 2025. The ECB said it is continuing to study digital euro user profiles to determine the needs of potential users. This input will include user preferences for holding limits, which will be taken into account in technical studies with national central banks. Politico reported in October that holding limits have become a point of contention between the ECB and national central banks. To maintain a maximum holding limit, one solution currently under consideration is a “reverse waterfall”, which automatically transfers excess digital euros to fiat currency in linked bank accounts. Solutions for offline transactions are still under study, the report said, without giving too many details. A major theme of the report is the competition between European and non-European service providers in the financial market, and the need for more technological services such as wallets. The report emphasizes: "Payment service providers (PSPs) will be able to use the digital euro infrastructure to create new payment services. The digital euro will also help European regions and domestic programs to expand their payment service range using digital euro acceptance networks." The report also points out that "it is possible to make some improvements to the user experience of the digital euro so that citizens with stronger privacy preferences can enjoy cash-like privacy." (Cointelegraph)

According to Odaily, the cryptocurrency market is experiencing diverse capital flows from both institutional and non-institutional participants. Chris Newhouse, Head of Research at Cumberland Labs, highlighted the strong institutional buying pressure, particularly from entities like MicroStrategy, which continues its accumulation strategy. Despite this, the broader crypto ecosystem is witnessing varied capital movements. Fadi Aboualfa, Head of Research at Copper Technologies Ltd., noted a shift after six consecutive weeks of positive capital inflows, with a week of sell-offs observed. Derivatives traders are now using ETF demand as a gauge for macroeconomic direction. Early Bitcoin ETF investors are keen on rebalancing their portfolios, having seen their investments more than double. This rebalancing is partly due to the psychological barriers the market faces, with at least half of their investments considered risk-free. Vetle Lunde, Head of Research at digital asset research firm K33, cited data from The Bitcoin Lab, indicating that on-chain data shows mid-term groups, those who bought BTC in the $55,000 to $70,000 range, are actively taking profits. Profit-taking is particularly intense when BTC trades above $90,000. Lunde explained that this metric estimates Bitcoin's on-chain movements, categorized by the last price. The significant concentration within a price group suggests heightened activity at current prices. Jake Ostrovskis, an OTC trader at Wintermute, observed market stagnation over the past ten days, with Bitcoin prices slightly below $100,000. Volatility has compressed to the 64th percentile, while Ethereum prices remain at the 81st percentile, showing a more significant increase.

“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/

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.