1. Headlines

1. Donald Trump elected as President of the United States, BTC price soars to a new all-time high

Donald Trump defeated Democratic candidate Heidi Hockley in the 2024 US presidential election to become the 47th President of the United States. Previously, Trump expressed support for Crypto Assets, and BTC pump exceeded 1900% during his first term. Upon hearing the news, the price of BTC soared, breaking through $75,000 and reaching a historic high.

Analysts believe that Trump's victory is expected to bring a favorable regulatory environment for Cryptocurrency. His position in support of Cryptocurrency may promote the formulation of a clear regulatory framework in the United States, injecting new momentum into the industry's development. At the same time, Trump's fiscal policy may intensify inflationary pressures, further highlighting the value of BTC as an inflation-resistant asset.

However, there are also analysts warning that BTC may face the risk of a pullback in the short term. Investors should closely follow the performance of BTC at key support levels and do proper Risk Management. Overall, Trump's election is a "double-edged sword" for BTC, with Favourable Information and challenges coexisting.

2. Polymarket accurately predicts the election results, demonstrating the power of the prediction market

Polymarket is a Cryptocurrency prediction market platform. Prior to the US election, Polymarket consistently and accurately predicted the outcome of Trump's victory, far ahead of opinion polls, media, and expert predictions. Polymarket posted on social media, stating that this demonstrates the power of a high-capacity, high-liquidity prediction market.

Analysis shows that, compared to traditional opinion polls and expert predictions, prediction markets such as Polymarket can better aggregate decentralized information and wisdom. Through tokenization incentives, prediction markets can attract more participants to contribute information and judgments, thereby improving prediction accuracy.

The rise of prediction markets also reflects the innovative potential of Cryptocurrency in building new financial infrastructure. In the future, prediction markets may play a greater role in fields such as politics and economics, providing valuable reference for decision-making.

3. Coinbase questioned by DOGE community on listing standards, demands transparency and fairness

Coinbase is one of the world's largest Cryptocurrency exchanges. Recently, Leonidas, the founder of DOGE (DOGE) community, issued an open letter to Coinbase, asking Coinbase to clarify the specific issues hindering the listing of DOGE, and to explain the listing standards in detail to ensure transparent and fair processes.

Leonidas pointed out that despite the Coinbase CEO's promise of "free listing", the DOGE community's repeated attempts at communication have gone unanswered. As the largest Meme coin by Market Cap on the BTC network, DOGE relies entirely on community-driven operations and has not undergone any pre-sale or team allocation.

An open letter calls on Coinbase to improve the process of adding coins and truly embrace all Decentralization and fair distribution of the memes community. The addition of DOG will bring mutual benefits and expand the influence of the Decentralization memes market.

Analysts believe that this incident reflects the memes community's doubts about the listing standards on the exchange. The exchange needs to increase transparency, publicly disclose listing standards and processes to gain community trust. At the same time, it also highlights the tension between the Decentralization community and centralized institutions.

4. Sonic Labs will take a snapshot of wallets holding six types of Shards and mint exclusive Non-fungible Tokens.

Sonic Labs (formerly) announced that on December 1st, a Snapshot will be taken for each Wallet holding six different Sonic Shards. Once the Sonic chain is live, all eligible Wallets will be added to the Allowlist and can mint exclusive Non-fungible Tokens on Sonic.

The NFT will give the holder points for the upcoming Airdrop distribution of 200 million S tokens. Shards obtained through the Secondary Market are also eligible, but must be held before the Snapshot.

The analysis indicates that this is to ensure fairness for early community members while reducing the risk of dumping dropToken. Sonic Labs hopes to inject vitality into the upcoming Sonic ecosystem by incentivizing community participation through Non-fungible Tokens and Airdrops.

Meanwhile, analysts have also raised questions about Sonic Labs' Airdrop mechanism. They believe that the overly centralized distribution of tokens may affect the level of decentralization of the project. Sonic Labs needs to strike a balance between fairness and decentralization.

5. OpenAI registers the "chat.com" domain name, and ChatGPT may be commercialized

OpenAI CEO Sam Altman recently registered the "chat.com" domain name, which points to the ChatGPT official website. Prior to this, OpenAI had applied for a trademark for ChatGPT. Analysis suggests that this may herald the imminent commercialization of ChatGPT.

As the latest release of OpenAI's conversational artificial intelligence, ChatGPT has sparked widespread follow after its launch. It can not only engage in question-and-answer conversations but also perform various tasks such as programming and writing, making it a milestone in the development of artificial intelligence.

Analysis shows that the commercialization of ChatGPT will bring new sources of revenue for OpenAI, helping the company further expand its research and development investment. At the same time, it will also promote the application of artificial intelligence technology in more fields, bringing about changes to production and life.

However, some analysts also express concerns about the potential risks of ChatGPT, such as the possibility of being misused to generate false information. OpenAI needs to strengthen the security and controllability of the conversational model to prevent technology abuse.

二. Industry Data

1. GT

GT recent transaction price is 8.7310 USDT, with a daily increase of +3.00%.

2. BTC

BTC recent transaction price 73420.4000 USDT, intraday increase +6.60%.

3. ENA

ENA recent transaction price 0.4013 USDT, intraday increase +16.20%.

4. ETH

ETH recent transaction price 2596.2300 USDT, daily increase +6.30%.

5. DOGE

DOGE recent transaction price is 0.1999 USDT, with a daily increase of +19.00%.

3. Industry News

1. Trump's victory pushes BTC to break through the historical high of $75,000

The price of BTC soared to a historical high of $75,358 after Trump announced his victory. This surge is mainly driven by investors' expectations of Trump's government introducing cryptocurrency-friendly policies. Analysts believe that Trump's economic policies may increase inflationary pressures, thereby boosting the demand for safe-haven assets such as BTC.

However, some analysts warn that the pump of BTC may have been overestimated, and bullish news has been largely digested. Investors should closely follow the performance of key support levels and do Risk Management. Nevertheless, the value of BTC as an inflation hedging asset will gradually become apparent, and the long-term pump trend is expected to arrive in 2025/2026.

Overall, BTC may face some pullback pressure in the short term, but the long-term outlook is still optimistic. Investors need to remain cautiously optimistic and closely follow market trends.

2. Ethereum's gains surpass Bitcoin, Decentralized Finance and Memezone lead the way

Ether experienced a big pump of 8% after Trump's victory, surpassing Bitcoin, bringing new optimism to investors. Analysts have set a target price of $3400, once Ether breaks through the key resistance, the pump space will further open up.

Cryptocurrency market is generally rising, with Decentralized Finance and Memezone leading the way. Decentralized Finance zone has pumped 18% in the past 24 hours, with a total market capitalization exceeding 83.885 trillion. Memezone has also seen a general rise, with Bitcoin's market dominance falling over 2% in the past 8 hours.

This line reflects investors' expectations for the Trump administration to potentially introduce Favourable InformationCryptocurrency policy. Decentralized Finance and MEME, as well as other emerging tracks, are expected to have greater development opportunities in a relaxed regulatory environment. However, investors also need to be alert to potential regulatory and bubble risks.

3. Crypto Assets AI sector performs well, a list of 37 AI agent projects

On Election Day, the Crypto Assets AI sector performed well. Data shows that, as of now, the top three AI trading strategies with the highest Close Position success rates are: Flexible Capital Drive (81.82%), Collective Intelligence Optimization Trading (79.16%), and Depth Learning Dynamic Adjustment (78.22%).

The combination of AI and Crypto Assets is opening up new possibilities for development. From precise price predictions to fully automated trading strategies, AI agent projects are redefining the way value creation and exchange are done, providing traders with unparalleled trading advantages.

However, investors also need to be alert to the potential risks of AI trading strategies. Algorithm malfunctions are possible, and the lack of human judgment may amplify losses. In addition, the rapid development of AI technology may quickly render existing strategies outdated. Investors need to maintain a rational attitude towards AI projects.

Four. Project News

1. The first MemeToken launch platform in the Sui ecosystem, Fun, has launched, attracting more than 260 projects to settle in.

.Fun is the first MemeToken issuance platform in the Sui ecosystem, which officially launched on November 7th. The platform provides a fair and transparent issuance mechanism, locked Liquidity, and continuous revenue, aiming to provide a more equitable Token issuance channel for the Sui ecosystem.

Just 2 hours after its launch, .Fun has attracted more than 260 successful token issuances, with a total volume of nearly $200,000. This data fully demonstrates the Sui community's recognition of the platform and their enthusiasm for the Sui ecosystem. In the past 24 hours, the token has increased by over 20%, which is twice the increase of SUI during the same period. As a product incubated under .Fun, the platform provides project parties with a convenient and efficient token issuance experience, with no upfront fees, a fair price curve, and a locked Liquidity yield mechanism, while ensuring the security and fairness of the community.

The launch of FUN is expected to further promote the sustainable development of the SUI ecosystem. As an emerging public chain ecosystem, SUI has always faced the problem of limited token issuance channels. The emergence of FUN has brought a more fair and transparent token issuance path to the SUI ecosystem, which is conducive to attracting more high-quality projects. At the same time, its innovative issuance mechanism also provides new ideas for the industry.

Industry insiders believe that the successful launch of FUN marks the gradual maturity of the SUI ecosystem. In the future, the SUI ecosystem is expected to attract more high-quality projects and funds to get on board, further promoting ecosystem development.

2. get Wallet joins Unizen to launch the memes trading theme activity, with a total prize pool of $400,000

We钱包get Wallet will join forces with Unizen to launch a four-week meme coin trading themed event, with a total prize pool of up to $400,000. The event includes two parts: the "Meme Project Battle" and the "Swap Trading Carnival".

In the "Meme Project Showdown", Meme project teams or community users can sign up to participate. 2 to 4 projects will be selected for PK each week, and the winning side will be selected based on the Swap trading volume in get Wallet, the number of holding coin addresses, and the project's social media influence. The prize pool will be distributed to the winning project team, core community builders, active traders, etc. The four Meme projects selected in the first week are Ban VS ACT, Daram VS Kheowzoo.

"Swap Trading Carnival" is open to all users. Users can trade any MemeToken within get Wallet, and the greater the volume, the more generous the rewards.

This event aims to further promote the application scenarios of MEME in Gate.io Wallet, and also provides an opportunity for the MEME project to showcase itself. As an emerging track, MEME has recently received widespread follow. Through this event, Gate.io Wallet hopes to attract more high-quality MEME projects to settle in and provide users with more diverse investment choices.

Insiders said that, although memes originated from entertainment, the concept of Decentralization and fair distribution behind it is highly consistent with We. In the future, memes are expected to become an important part of the We ecosystem.

3. Runestone initiator Leonidas sends an open letter to Coinbase, requesting clarification of the DOG listing standards.

On November 7th, Runestone founder Leonidas posted an open letter to Coinbase on the social platform X. In the letter, Leonidas pointed out that despite Coinbase CEO Brian Armstrong's announcement on November 2nd of implementing a "free listing" policy, the DOG community's multiple attempts to communicate with Coinbase have gone unanswered.

DOG is the number one Meme coin on the BTC network, with a market cap of $980 million, and is completely operated by the community without any pre-sale or team allocation. The open letter puts forward two core demands: One is to require Coinbase to clearly state the specific issues that hinder DOG from being listed; the other is to explain Coinbase's listing standards in detail to ensure transparency and fairness of the process.

Leonidas calls on Coinbase to improve its Asset Hub process to truly embrace all Decentralization and fairly distributed memes coin communities. In addition, Leonidas also suggests that Coinbase reconsider its listing requirements, believing that the current process may not be conducive to truly Decentralization Token projects. He stated that the listing of DOG would bring mutually beneficial opportunities for both parties, helping to expand the influence of the Decentralization memes coin market.

Industry insiders point out that as a new track, memes face challenges in regulation and online channels. As a cryptocurrency exchange giant, Coinbase's listing standards will directly affect the development prospects of memes. Therefore, Coinbase needs to formulate a more inclusive and transparent listing policy to provide fair opportunities for high-quality meme projects.

V. Economic Trends

1. After Trump's election victory, the Fed faces policy challenges

Economic Background: The US economy has maintained a strong rise momentum in the past year, with a third-quarter GDP annualized rise rate of 2.6%. However, the inflation rate remains high, with a core inflation rate of 6.6% in September, far above the Federal Reserve's target level of 2%. The unemployment rate hovers at a low level of 3.5%, and the labor market remains tight.

Important event: In the midterm elections on November 7th, Republican presidential candidate Donald Trump narrowly defeated the Democratic candidate and won re-election. During the campaign, Trump promised to implement an expansionary fiscal policy of tax cuts and increased spending. This may exacerbate inflation pressure and further raise the federal deficit.

Market Reaction: After Trump's victory, the market has increased expectations of a slower pace of rate hikes by the Fed. Investors expect the Fed to raise rates by only 25 basis points at the December meeting, instead of the previously expected 50 basis points. Bond yields have fallen, reflecting concerns about the rise in economic prospects.

Expert opinion: Derek Holt, an economist at CIBC, believes that businesses and markets have reasons to be cautious about the Trump administration. Protectionist policies could become a negative factor for the US and global economy's rise. Brilina Uresi, an analyst at PwC, believes that the Fed's policy may remain unchanged in the short term, but the outlook for 2025 is more uncertain.

2. The European Central Bank warns that Trump's tariff policy may cause inflation to soar.

Economic background: The euro area economy fell into recession in 2022, with GDP falling by 0.1% quarter-on-quarter in the third quarter. The inflation rate soared to a historic high of 10.7% in October, far exceeding the European Central Bank's target of 2%. The unemployment rate is relatively low at 6.6%, but the job market is slowing down.

Important event: During the election, President Trump of the United States threatened to impose high tariffs on imported goods several times. If this policy is implemented, it may trigger a global trade war, disrupt the Supply Chain, and push up commodity prices.

Market Reaction: The Euro to US Dollar Exchange Rate briefly declined after Trump's victory, reflecting concerns about the economic prospects of Europe. European stock markets also experienced a downturn. Investors are closely following the specific trade policies of the Trump administration.

Expert opinion: Vice President of the European Central Bank, Luis de Guindos, warned that if Trump implements his tariff plan, the global economy and inflation could face devastating impacts. Output will weaken, price pressure will increase, and existing trade flows will be disrupted. The European Central Bank will incorporate any policies announced by the new US government into its outlook.

3. The Central Bank of Japan may face pressure to raise interest rates to cope with the depreciation of the yen

Economic background: The Japanese economy entered a recession in 2022, with GDP falling 1.2% on an annualized basis in the third quarter. The inflation rate rose to 3.7% in October, the highest level since 1981. The unemployment rate remained low at 2.6%, but wages lacked rise.

Important events: Trump has repeatedly criticized Japan for manipulating the Exchange Rate during the campaign. If his government puts pressure on Japan, the Japanese Central Bank may have to raise interest rates to support the yen Exchange Rate.

Market reaction: The Japanese yen against the US dollar Exchange Rate fell further after Trump's victory, approaching the key level of 160 at one point. This may trigger public concerns in Japan about inflation, damaging the government's approval rating.

Expert opinion: Barclays economists believe that if the yen Exchange Rate "approaches the 160 level again and seems likely to maintain around that level for a period of time", it may damage public sentiment due to concerns about cost-push inflation and the impact on government approval ratings. Depending on the future Exchange Rate trend, forex intervention or the risk of a rate hike by the Japanese Central Bank in December will continue to be followed.

6. Regulation & Policy

1. The main legal defense sought to be dismissed by the United States Securities and Exchange Commission

The United States Securities and Exchange Commission (SEC) has filed a motion with the Northern District of California court seeking to dismiss a key defense raised by Cryptocurrency exchange in their ongoing legal dispute. The SEC argues that it received fair notice when it alleged that offering encryption assets as "investment contracts" violated securities laws.

The timing of the SEC's submission of this motion on election day has sparked criticism from the legal team, who believe it is a strategy to circumvent "investigating SEC defects and inconsistent policies." The motion was initiated by the team led by the current SEC Chairman Gary Gensler, with the intention of reducing scrutiny of its regulatory policies, especially those related to the encryption industry.

Market participants said follow. Some industry insiders believe that the SEC's move is to avoid excessive scrutiny of its regulatory approach after the Trump administration takes office. The cryptocurrency industry hopes that the new government can bring a more clear and favorable regulatory environment for the industry.

Crypto analyst Jake Chervinsky said that the SEC's move may trigger more controversies. He believes that the SEC should engage in dialogue with the industry and establish clear rules instead of regulating through continued enforcement actions.

2. The Polish Financial Supervision Authority will be included in the public warning list

The Polish Financial Supervision Authority (KNF) has placed Foris DAX MT Limited (the operating company of the brand) on its public warning list. The KNF announcement shows that it has been reported to the Warsaw Regional Prosecutor's Office for allegedly engaging in investment activities without a license, which may involve providing brokerage services and investment advice without a license.

Previously, Bay (now Zonda Global) and Kanga ange, among other encryption platforms, have also been included in the list. KNF stated that it will continue to closely monitor the Crypto Assets industry and take necessary measures to protect the interests of investors.

There has been no formal response to this yet. But industry insiders point out that this reflects the regulator's cautious attitude towards Crypto Assets exchanges. Some analysts believe that the regulator's actions may prompt Crypto Assets exchanges to strengthen compliance and provide more protection for investors.

However, there is also a view that excessive regulation may hinder the innovation and development of the Crypto Assets industry. The industry hopes that regulatory agencies can seek a balance between protecting investors and promoting innovation.

3. The Israeli Tax Authority Calls for Reform of Cryptocurrency Tax Policies

Gidi Engelmen, a tax expert at the Israeli National Economic Council, has called on the government to reform its Cryptocurrency tax policy. The report shows that the Israeli Tax Authority receives only about 500 Cryptocurrency transaction reports per year between 2018 and 2022, while the number of encryption wallet holders could be as high as 200,000, with a tax reporting rate of only 0.25%.

Engelmen emphasizes that, in the current context of increased national debt due to war and security needs, the government should study the tax policies on Crypto Assets to avoid increasing the tax burden on the public. Since 2018, the tax authorities have only issued three public statements related to Crypto Assets taxation and have not updated the tax regulations according to market changes.

The Israeli cryptocurrency industry welcomes this. Some companies believe that clear tax policies will provide certainty for industry development. However, some are concerned that high tax rates may hinder the adoption of cryptocurrencies in Israel.

Tax experts suggest that the government should engage in dialogue with the industry to formulate a balanced tax policy. They propose that the government can learn from the practices of other countries and impose capital gains tax or commodity tax on cryptocurrency transactions. At the same time, consideration should also be given to providing certain tax incentives for cryptocurrency enterprises to promote industry development.

Overall, the reform of Israel's Cryptocurrency tax policies is highly followed. The industry expects the government to formulate clear and favorable tax policies for development.