As Donald Trump returns to the US presidency again, his pro-crypto stance has sparked optimism for Binance. IOHK founder Charles Hoskinson and crypto advisor and VC John Lilic are calling for a pardon for Binance founder Changpeng Zhao. Many hope that the crypto industry will mature at least in the regulatory framework under pro-crypto administrators. […] source: https://www.cryptopolitan.com/will-trump-extend-presidential-pardon-to-binances-cz-2-strong-reasons-it-might-happen/

A wallet known for risky whale traders, sbfonchain.sol, made a series of trades on recently hot memes, finally swapping UBC and CHILLGUY for $1.05M in USDC. source: https://www.cryptopolitan.com/trader-sbfonchain-sol-jumps-to-new-meme/

Ether futures open interest reached a record $22 billion, marking a 23% growth from Oct. 27 to Nov. 27. source: https://www.cryptopolitan.com/ether-futures-open-interest-hits-22b/

Solana’s onchain and derivatives data suggest that SOL could make a run back toward its all-time high in the short term. source: https://cointelegraph.com/news/solana-price-recovers-from-sharp-sell-off-is-300-sol-possible?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Galaxy Research expects Bitcoin to retest $100K soon, driven by institutional adoption, nation-state reserves, and a pro-crypto U.S. administration.Bitcoin Bull Market Has More Room to Run, Says Galaxy ResearchBitcoin’s (BTC) bull market is far from over, with the cryptocurrency poised to break the $100,000 mark in the near term, according to a new report by Galaxy Research. The report highlights a combination of factors, including institutional adoption, potential nation-state reserves, and a supportive U.S. administration, as reasons for Bitcoin's continued ascent.Key Factors Driving Bitcoin’s Ascent1. Increasing Institutional and Corporate AdoptionInstitutions are adopting Bitcoin at unprecedented levels, driven by its potential as a store of value and inflation hedge.The recent introduction of Bitcoin ETF options has increased market liquidity and attracted institutional investors.2. Bitcoin as a Nation-State ReserveThe report speculates on the possibility of governments holding Bitcoin (BTC) as part of their national reserves, further bolstering its status as a global asset.3. Pro-Crypto U.S. AdministrationThe shift to a pro-crypto administration under President-elect Donald Trump is expected to create a favorable regulatory environment, spurring both retail and institutional demand.However, regulatory jitters from the outgoing Biden administration may cause short-term market volatility.Unique Market Setup Over the Next Two YearsBullish Market PositioningAlex Thorn, head of research at Galaxy, describes the current market conditions as “unique and bullish,” citing strong options market activity.The launch of ETF options has reduced volatility and improved liquidity, making the market more attractive for large-scale investors.Short-Term OutlookBitcoin (BTC) is trading at $94,600, up 2.8% on the day. The broader digital assets index, CoinDesk20 (CD20), rose more than 3%, reflecting overall market optimism.Challenges AheadGalaxy warns of potential hurdles:Regulatory Actions: The outgoing Biden administration could enact last-minute regulations that may unsettle markets.Market Volatility: While the long-term outlook is bullish, short-term corrections remain a possibility.Bitcoin Bull Market Set for New HighsWith robust institutional adoption, the potential for nation-state reserves, and favorable regulatory winds, Bitcoin is well-positioned to break through the $100,000 barrier. While challenges remain, the long-term setup suggests a unique and bullish trajectory over the next two years. according to CoinDesk.

According to Odaily, the United States Federal Trade Commission (FTC) has initiated an antitrust investigation into Microsoft, focusing on its cloud computing, software licensing, cybersecurity products, and artificial intelligence offerings. This development follows over a year of informal discussions with Microsoft's competitors and business partners. The FTC's enforcement team has compiled a comprehensive request, spanning hundreds of pages, demanding Microsoft to provide relevant information. The investigation is particularly concentrated on Microsoft's strategy of bundling its popular productivity and security software with its cloud services. This scrutiny has intensified following a series of cybersecurity incidents involving Microsoft's products. The FTC is concerned about Microsoft's influence in the market, especially given its role as a government contractor and its cybersecurity lapses. A significant aspect of the investigation is examining Microsoft's practices related to its security software, Microsoft Entra ID, formerly known as Azure Active Directory. This software plays a crucial role in verifying user logins for cloud-based applications. The FTC's antitrust lawyers are scheduled to meet with Microsoft's competitors next week to gather additional information, aiming to understand the broader implications of Microsoft's market strategies.

Bitcoin’s (BTC) tight correlation with the global M2 money supply could prompt a 20% correction, says analyst Joe Consorti. Learn why opinions are divided on BTC’s outlook.Analyst Predicts Bitcoin Could Drop 20% Due to M2 CorrelationBitcoin’s (BTC) price may face a 20–25% correction if its long-standing correlation with the global M2 money supply continues, according to Joe Consorti, head of growth at Theya Bitcoin. This projection could see BTC retrace to $70,000, just days after narrowly missing the $100,000 milestone on Nov. 23.M2 Correlation and Bitcoin’s Price MovementsHistorical Correlation With M2Since September 2023, Bitcoin has tracked the global M2 supply — a measure of cash and short-term bank deposits — with a 70-day lag, according to Consorti.Increased M2 growth typically signals inflationary pressures, encouraging investors to buy Bitcoin as a hedge against inflation.Potential 20% CorrectionIf the correlation holds, BTC could correct to $70,000–$75,000, Consorti noted, adding:“We’ll have to see if BTC follows it all the way down or stops short and finds support.”Expert Insight: Lyn AldenMacroeconomist Lyn Alden supports the M2 correlation theory, noting Bitcoin moves in the direction of global liquidity 83% of the time over any 12 months.Divided Opinions on Bitcoin’s M2 DependencySkeptics Question CorrelationNot all analysts agree with Consorti’s forecast:David Quintieri, market commentator, dismissed the correlation, stating:“Bitcoin (BTC) is too volatile to track it against anything.”Glassnode’s James Check attributed recent M2 declines to dollar strength, which has skewed the correlation.Counterarguments on M2 DeclineCrypto analyst Sam KB pointed out discrepancies, stating:“M2 is nearly at the lowest point this cycle... but BTC is rallying. What am I missing?”Trump Policies and Dollar Strength: Implications for BitcoinImpact of Tariffs on USDDonald Trump’s tariff proposals could strengthen the U.S. dollar, historically placing downward pressure on risk assets like Bitcoin.Hedge fund manager Scott Bessent commented:“Tariffs cause a stronger dollar.”Bitcoin's Recent PerformanceBitcoin recently peaked at $99,571 on Nov. 23 but has since corrected to $91,988, raising concerns about its ability to reclaim six-figure territory in the short term.A Drop or a Pause Before $100K? Bitcoin’s (BTC) tight correlation with M2 money supply suggests a potential 20% retracement, but conflicting views highlight the market's uncertainty. While macroeconomic trends like a strong dollar could add pressure, Bitcoin’s (BTC) long-term bullish sentiment remains intact as it inches closer to the coveted $100,000 mark.

Daniel Roberts, co-CEO and co-founder of Sydney-based bitcoin miner IREN, said a hyperscaler (large cloud service provider) has approached the company about hosting AI infrastructure at IREN's Sweetwater mining farm in Texas. "Two hours ago, we got an email from a trillion-dollar hyperscaler saying they were interested in Sweetwater," he said, without giving too many details. In addition, IREN's cost of mining bitcoin is about $29,000, which is far lower than the market price of about $96,000, and Daniel Roberts said the company has the opportunity to accumulate bitcoin at a discount compared to other companies paying spot prices.

The European Parliament approved on Wednesday a list of commissioners that will oversee digital asset regulation, with commissioners Stéphane Séjourné, Maria Luís Albuquerque and Henna Virkkunen likely to include cryptocurrencies in their remit. In September, European Parliament President Ursula Von der Leyen proposed a list of commissioners. Although cryptocurrencies are not a core subject in these positions, the commission will be responsible for ensuring the implementation of digital asset rules. In addition, the EU's crypto-asset market legislation, MiCA, will fully come into effect at the end of December, so more work may need to be done to ensure implementation.

DeFi derivatives protocol Cega announced that it has been acquired by a "leading platform" for an undisclosed amount. The company said it would retire its product suite by the end of the year, with Cega's platform no longer accepting deposits, and the protocol urged users to start withdrawing funds as the protocol's products will be discontinued at the end of this year. Cega said on the X platform: "Cega's original vision was to build the next evolution of DeFi derivatives. Today, we are excited to announce that we have been acquired by a leading platform and will continue to drive this vision. Our team is very proud to have pioneered the introduction of exotic options to DeFi, processed 500 million transactions, and safely protected user funds for 3 years."

From Meme Coin to AI Agent, this transformation is not only a technological innovation, but also a profound reflection and challenge to Web3 applications and business models. In the future, intelligent agents will jointly shape the digital world with decentralized forces in a brand new form.

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

exSat is an important part of the Bitcoin ecosystem, and institutions are participating in the first-time mining pledge.

Blockchain provides a new trust mechanism for the birth of an autonomous world: instead of having to trust institutions, the world’s residents can run consensus algorithms to automatically reach a consensus on world history.

In the crypto world, where there is a wealth effect, there is capital flow. The trend of project token MEMEization has already started. While Fomo is in progress, we also need to be wary of the risk of collapse caused by market frenzy.

Recommended reading for today's evening: 1. Glassnode: Only one step away from $100,000, who is selling BTC? 2. Tornado Cash ruling promotes the game between privacy and administrative power; 3. Pantera founder recalls how to seize BTC in 2013-2024;

Due to Bitcoin’s growth performance in the past month (40%+), the risk sensitivity of its investors has also been amplified. Is this 40% gain the beginning or the end?

"Leaving the Test" can actually be improved and upgraded into a risk rating tool to measure the decentralized nature and development sustainability of various decentralized use cases such as Web3 wallets, games, DeFi, etc.

世界的走向从根本上如三体世界的太阳那样无法预测，荒诞如影子一样跟随着每一个人。

In the next few years, blockchain concept stocks are expected to become one of the most attractive investment directions in the global capital market.