Headline
▌BTC breaks through $89,000
The market shows that BTC breaks through $89,000 and is now at $89,030.4, with a 24-hour increase of 10.79%. The market fluctuates greatly, so please do a good job of risk control.
▌MicroStrategy's Bitcoin holdings currently have a floating profit of about $12.9 billion
According to the current price of Bitcoin at $88,875.7, MicroStrategy's Bitcoin holdings have a floating profit of about $12.9 billion. According to previous news, as of November 11, 2024, MicroStrategy holds a total of 279,420 bitcoins, with a total purchase cost of approximately $11.9 billion and an average price of approximately $42,692.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $88,860.74, with a daily increase or decrease of +10.3%;
ETH's latest transaction price is $3,360.26, with a daily increase or decrease of +5.4%;
BNB's latest transaction price is $657.11, with a daily increase or decrease of +4.6%;
SOL's latest transaction price is $221.09, with a daily increase or decrease of +5.0%;
DOGE's latest transaction price is 0.346 yuan, with a daily increase or decrease of +22.6%;
XPR's latest transaction price is 0.346 US dollars, with a daily increase or decrease of +4.4%.
Policy
▌TD Cowen: Bipartisan crypto bill more likely to pass under Trump, but ‘won’t be a top priority’
Bipartisan crypto legislation covering stablecoins and market structure would be more likely to pass under a second Trump term, but “wouldn’t be a top priority,” TD Cowen researchers wrote in a report on Monday. “Given the Trump team’s focus on extending tax cuts and addressing tariffs and trade issues, cryptocurrencies will not be a top priority,” the researchers argued.
Another factor that could delay the political process is “legitimate concerns about AML/BSA compliance” and the role cryptocurrencies could play in sanctions evasion, drug/human trafficking and terrorism financing, the report said. "The more the industry ignores government oversight, the harder it will be to reach a deal that can pass both houses," analysts said. ▌ Trump seeks crypto-friendly candidates for financial institutions According to the Washington Post, US President-elect Trump is preparing for the US government to take a more relaxed stance on cryptocurrencies. He is looking for candidates for key positions that are friendly to the crypto industry, while his senior advisers are consulting crypto executives on potential changes in federal policy. Initial discussions focused on a range of financial regulators, including the U.S. Securities and Exchange Commission. According to five people familiar with the matter, Trump advisers considered letting current regulatory officials, former federal officials and financial industry executives take important leadership positions, many of whom have publicly expressed views in support of cryptocurrencies. They warned that the discussion process is still in its early stages and the list of candidates is still changing.
▌US judge dismisses former Celsius CEO's request to withdraw fraud and manipulation charges
Alex Mashinsky, former CEO of crypto platform Celsius, faces criminal prosecution in the United States, and his representative lawyers have failed to withdraw two charges related to commodity fraud and manipulation of Celsius (CEL) token prices.
Judge John Koeltl has filed a document with the U.S. District Court for the Southern District of New York, ruling that the arguments put forward by Mashinsky's legal team to withdraw the charges are "either meaningless or baseless." The judge rejected the motion to withdraw the two charges, leaving seven counts in the indictment, and Alex Mashinsky's trial is scheduled to begin in January 2025.
Blockchain Applications
▌Aave Labs and Lens parent company Avara launch crypto wallet Family Wallet
Aave Labs and Lens' parent company Avara announced the launch of Family Wallet, which the team called "a secure, user-friendly crypto wallet for everyone" and "it provides features such as in-app messaging, NFT support, DeFi integration and advanced security."
As previously reported, about a year ago, Aave Companies acquired Los Feliz Engineering, the development team behind Family, and changed its name to Avara.
Cryptocurrency
▌OpenAI CEO: I am confident in the bright future of cryptocurrency
OpenAI CEO Sam Altman posted on the X platform: "World (also known as Worldcoin) has made amazing progress in the past year. I am extremely proud of the team, especially the leadership of alexblania! A rare combination of vision and execution. Overall, I am confident in the bright future of cryptocurrency!"
▌Bitcoin's market value surpasses silver's market value
Bitcoin's market value surpasses silver's market value to become the world's eighth largest asset. Bitcoin's market value is currently $1.741 trillion, and silver's market value is currently $1.735 trillion.
▌$576 million was liquidated in the past 24 hours
According to CoinGecko data, the total market value of cryptocurrencies has exceeded $3 trillion, currently at $3.13 trillion, with a 24-hour increase of 6.7%. In addition, BTC has a market share of 56.4% and ETH has a market share of 13%.
According to Coinglass data, $576 million was liquidated in the past 24 hours, of which $216 million was liquidated in long orders and $360 million was liquidated in short orders.
▌Yesterday, Grayscale ETH had a net inflow of US$63.3 million, setting a record for its highest single-day inflow.
According to Farside Investors data, the capital inflow data for the US spot Bitcoin ETF and spot Ethereum ETF (November 11) are as follows:
Spot Bitcoin ETF: GBTC net inflow of US$24.2 million; BTC net inflow of US$28.2 million;
Spot Ethereum ETF: ETH net inflow of US$63.3 million, setting a record for its highest single-day inflow.
Important Economic Dynamics
▌The probability of the Fed cutting interest rates by 25 basis points in December is 65.1%
According to CME's "Fed Watch", the probability of the Fed maintaining the current interest rate unchanged by December is 34.9%, and the probability of a cumulative interest rate cut of 25 basis points is 65.1%. The probability of maintaining the current interest rate unchanged by January next year is 23%, the probability of a cumulative interest rate cut of 25 basis points is 54.8%, and the probability of a cumulative interest rate cut of 50 basis points is 22.3%.
▌US Congressman: If the 2017 tax cut policy is made permanent, the Fed may reduce interest rate cuts
US Congressman Nouriel Roubini said that if the 2017 tax cut policy is made permanent, the Fed may reduce interest rate cuts. (Jinshi)
Golden Encyclopedia
▌What is Kraken's Ink?
Ink is a second-layer bridge that Kraken is developing to improve the efficiency of decentralized finance (DeFi) by increasing transaction speed, reducing costs, and increasing flexibility. Kraken's Ink seamlessly integrates centralized and decentralized environments, providing users with all the necessary tools and services while alleviating the common challenges associated with these environments. The solution runs as a second-layer (L2) solution on Ethereum, alleviating the pressure on the first-layer (L1) chain.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment concept and be sure to increase risk awareness.
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