The world’s largest cryptocurrency exchange has $21.6 billion in user funds deposited.

Ki Young Ju, founder and CEO of CryptoQuant, posted a message on the X platform asking for help from Musk. He said: "The President of South Korea has just declared martial law. All media and publications must now be subject to martial law review. We all need to seek refuge from X."

According to Odaily, recent market reports indicate a decline in the performance of two major Bitcoin investment products. The ProShares Bitcoin Strategy ETF has experienced a decrease of 1.1%, while the iShares Bitcoin Trust has fallen by 1%. These declines reflect the ongoing volatility and fluctuations within the cryptocurrency market, which continue to impact investment products linked to digital currencies. The ProShares Bitcoin Strategy ETF, known for its focus on Bitcoin futures contracts, has been closely watched by investors seeking exposure to Bitcoin without directly purchasing the cryptocurrency. Similarly, the iShares Bitcoin Trust offers a way for investors to gain indirect exposure to Bitcoin. The recent downturn in these products highlights the challenges faced by investors in navigating the unpredictable nature of the cryptocurrency market. As the market continues to evolve, investors remain cautious, closely monitoring the performance of Bitcoin-related investment products. The fluctuations in these ETFs and trusts underscore the importance of understanding the risks associated with cryptocurrency investments. Market participants are advised to stay informed and consider the potential impacts of market volatility on their investment strategies.

According to Lookonchain monitoring, the cryptocurrency market plummeted after South Korea announced "martial law". Many whales transferred a large amount of USDT to Upbit, probably to buy at the bottom. Within 1 hour after the announcement of "martial law", more than 163 million USDT flowed into Upbit.

OKX market data shows that BTC rebounded and broke through 95,000 USDT and is now trading at 95,265.4 USDT, with the 24-hour decline narrowing to 1.02%.

The South Korean Martial Law Command issued the Martial Law Order No. 1, announcing that the following matters will be announced throughout South Korea from 23:00 on December 3, 2024: 1. All political activities such as the activities of the National Assembly and local councils, political parties, political associations, rallies, demonstrations, etc. are prohibited. 2. Fake news, fabricated public opinion, and false incitement are prohibited. 3. All speeches and publications are controlled by the Martial Law Command. 4. Strikes, slowdowns, and rallies that cause social chaos are prohibited. 5. All medical personnel, including interns and residents, who are on strike or leaving their posts will return to their jobs within 48 hours. If they violate the regulations, they will be punished according to the Martial Law Act. 6. Except for anti-state forces and other system subversion forces, ordinary citizens will minimize the inconvenience of their daily lives. For those who violate the above martial law order, they can be arrested, detained, seized and searched without an arrest warrant in accordance with Article 9 of the Martial Law Act of the Republic of Korea (Special Measures Power of the Martial Law Commander), and punished in accordance with Article 14 of the Martial Law Act. (Golden Ten)

The South Korean won fell further against the dollar, hitting its lowest level since October 2022, with a daily loss of 1.9%. (Jinshi)

According to market news, ProShares Bitcoin Strategy ETF fell 1.1% and iShares Bitcoin Trust fell 1%. (Jinshi)

Recently, we have seen a lot of progress in Ethereum wallets to improve user experience, security, and functionality.

According to Whale Alert monitoring, at around 22:39 Beijing time today, a dormant address containing 2,700 BTC was activated after 11 years. These bitcoins were worth $1.73 million in 2013, and the current value has risen to $254 million.

According to CoinMarketCap data, TRX rose above $0.23 and is now at $0.2378, with a 24-hour increase of 14.74%, setting a new record high. So far, TRX's 24-hour trading volume has reached $2.76 billion, with a total market value of more than $20.5 billion, ranking 11th in market value. In addition, TRX has been listed on many mainstream exchanges around the world, with the number of holding accounts exceeding 159 million.

According to Foresight News, South Korean crypto influencer Joseph Young reported that the President of South Korea has declared martial law. As a result, individuals found outside after 11 PM will be subject to checks and could face arrest if deemed suspicious. This development has coincided with unexplained trading difficulties on major centralized exchanges in the country. The announcement of martial law has raised concerns among citizens and the crypto community, as it imposes strict curfews and heightened security measures. The reasons behind the declaration remain unclear, leading to speculation and uncertainty. Meanwhile, the trading issues on centralized exchanges have added to the confusion, with users experiencing disruptions in their transactions. The situation has prompted discussions about the potential impact on South Korea's financial markets and the broader implications for the crypto industry. As authorities enforce the curfew, the public is advised to stay informed and comply with the regulations to avoid any legal repercussions. The government has yet to provide further details on the duration of the martial law or the specific reasons behind the trading difficulties.

Currently, the theme of "Trump Deal" has been replaced by the theme of "Grand Bargain" between US President-elect Trump and China.

Some cryptocurrencies are already showing signs of early altcoin season, including Hedera’s HBAR, which is up 763% over the past month.

In short, this is a newly emerging track. We can look forward to its future, but we must also be aware of the many uncertainties it faces. How far this track can go, we will probably have to wait until next year to see the signs.

Recommended readings tonight: 1. The second wave of policy spring breeze: the "Trump-style revival" of the old public chain; 2. The Wall Street Journal: How the "2X MSTR ETF" affects MicroStrategy's stock price under the BTC craze; 3. Meme+ICO will make ICO great again.

Previously, base was famous for Meme coin and had many Pixiu disks. Now, base has become a source of innovation.

This article takes a deep dive into how sCrypt built a demo bridge contract on Bitcoin.

Donald Trump's administration plans to create a national Bitcoin reserve, boosting Bitcoin's role in the global economy. State-level and institutional support is growing, with 10 US states preparing their own Bitcoin reserve plans.

Recently, XRP rose to $2.84, with a market value of over $146 billion, becoming the world's third largest crypto asset. As XRP drives market sentiment, related concept projects such as AVAX, LINK, ONDO and HBAR recorded an average increase of over 30%.