Preface:
Bitcoin and Ether have risen by 7.80% and 5.43% respectively in the past 24 hours, with current prices at $103,028 and $3,883. The ETH/BTC ratio remains at 0.038. The Crypto Fear & Greed Index is at 84, indicating Extreme Greed.

Market Trending

BTC has reached an important milestone, officially breaking through $100,000! Yesterday, BTC attempted to break the $99,000 mark from a low of $94,600, experiencing a slight pullback before surging past $100,000—ushering in the six-figure era! Among altcoins, major platform tokens have risen to new highs, with GT reaching an all-time high of $13.329. Earlier-rallying legacy coins are now seeing mixed performances. Notably, the total cryptocurrency trading volume in November surpassed $1 trillion for the first time, with CEX spot trading volumes up 128% MoM, suggesting ample market liquidity and a potential altcoin season ahead.
Public Chain Sector: XRP, after consecutive gains, failed to break $3 and is now undergoing a correction. SOL continues to be affected by the sell-off from the on-chain meme platform Pump.fun, falling below $225.
DeFi Sector: This sector continues its strong performance, with UNI surpassing $15, CRV crossing $1, and AAVE breaking $247.
Meme Sector: GIGA surged by 28% in 24 hours due to favorable news, while other mainstream meme coins showed significant volatility yesterday.

Spot Bitcoin ETF Flows

Yesterday, the US Bitcoin spot ETF saw net inflows of $559.35 million, with IBIT receiving $565 million, Mini BTC gaining $55.71 million, FBTC gaining $17.27 million, and GBTC experiencing a net outflow of $94.31 million.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is GIGA, which has risen 28.12% in the past 24 hours.
GIGACHAD (GIGA) is a meme coin launched on the Solana blockchain, inspired by the “Gigachad” figure in internet culture. This image, derived from Russian bodybuilder Ernest Khalimov, is known for his strong jawline and muscular physique, symbolizing ultimate masculinity, strength, and self-improvement, making “Gigachad” a symbol of resilience. GIGA is community-driven and carries governance functions. The total supply of GIGA is 9.6 billion, with a maximum supply of 10 billion. Yesterday, GIGA surged as much as 100% due to positive news from US exchanges, peaking at $0.09, with a current 24-hour gain of 28.12%.
Check Out the Latest Prices, Charts, and Data of GIGA/USDT Spot and GIGAUSDT Perp!

The Word on the Street

Trump Nominates Paul Atkins as SEC Chairman
On December 5, US President-elect Donald Trump announced on social media that he had nominated Paul Atkins to serve as the Chairman of the U.S. Securities and Exchange Commission (SEC). Atkins is the CEO and founder of risk consultancy firm Patomak Global Partners and served as an SEC Commissioner from 2002 to 2008.
Paul Atkins has also served as an advisor to the Reserve Protocol in recent years. Reserve Rights (RSR) is the native governance token of the Reserve stablecoin platform on Ethereum. If confirmed by the Senate, Atkins could shift the current direction of Chairman Gary Gensler’s increased regulatory stance towards more lenient policies.

Project Funding

Cross-chain Settlement Layer Union Raises $12 Million in Series A Funding
Cross-chain settlement layer Union has announced the completion of a $12 million Series A funding round, led by Gumi Cryptos Capital and Longhash Ventures. The total raised funds now amount to $16 million. The funds will be used for team expansion, partnership integration, and ecosystem development. Union is an efficient interoperability protocol connecting all blockchains and rollups within any ecosystem. It is based on consensus verification and does not rely on trusted third parties, oracles, multi-signature, or MPC.