1. Headlines

1. Trump's victory triggered a big pump in the cryptocurrency market, and BTC hit a new high of $76,677

Donald Trump's victory in the 2024 presidential election triggered a dramatic Fluctuation in the Cryptocurrency market. With the fervent support of his followers, BTC soared to a historic high of $76,677. Analysts believe that the Trump administration is expected to introduce Favourable InformationCryptocurrency policies, bringing new development opportunities to the industry.

As the leader of the cryptocurrency, BTC's price often leads the market trend. The Trump camp has an open attitude towards cryptocurrency and is expected to promote relaxed regulations, attracting more institutional investors to join. At the same time, the pursuit of 'freedom currency' by Trump supporters will further drive up the demand for BTC.

However, some analysts also express concerns about the sky-high price of Bitcoin. They believe that excessive speculation may exacerbate price fluctuation and warn investors to pay attention to risk control. Overall, Trump's election has brought new opportunities to the cryptocurrency market, but investors still need to act prudently.

2. AltCoin surged, Dogecoin followed, some analysts predicted it could reach a high of $10-23

With the Favourable Information of Trump's election, the Crypto Assets market has sparked a wave of 'DOGE' frenzy. As a representative of memecoin, the price of DOGE has experienced a big rise, triggering widespread follow in the market. Some analysts optimistically predict that DOGE may surpass $10 in the future, and even reach a high point of $23.

Dogecoin was initially just a Virtual Money based on internet meme culture, but under the fervent promotion of Trump supporters, its price experienced a big pump. Analysts believe that this phenomenon reflects investors' expectations for the Trump administration and their yearning for freedom in the Crypto Assets market.

However, some experts have issued warnings about the bubble of AltCoins. They point out that AltCoins without practical use cases are easily influenced by speculative trading and carry significant investment risks. Therefore, investors still need to maintain rationality and risk awareness when pursuing popular cryptocurrencies.

Overall, the general rise of alts reflects the complexity of the cryptocurrency market. On the one hand, it reflects investors' optimistic expectations for the new government; on the other hand, it also warns of the hidden dangers of speculative bubbles, which requires investors to remain highly vigilant.

3. Polymarket founder investigated by FBI, the American 'Donkey Elephant Conflict' has spread to Crypto Assets

The founder of the well-known Crypto Assets prediction market Polymarket, Shayne Coplan, was recently investigated by the Federal Bureau of Investigation (FBI), and his mobile phone and electronic devices were confiscated. This incident has sparked widespread attention and discussion in the Crypto Assets community.

According to reports, the FBI is investigating Polymarket for allegedly operating illegal gambling during the 2024 US presidential election. As a prediction market that allows users to bet on various events, Polymarket had opened multiple betting markets related to the election before the election.

Supporters of Polymarket believe that the platform only provides a public and transparent channel for information exchange to users and does not seek illegal benefits from it. However, critics accuse it of facilitating gambling activities, violating federal law.

This event once again brings the "donkey-elephant struggle" between the two parties in the United States into the field of Crypto Assets. Analysts point out that there are significant differences between the Republican and Democratic parties in the regulation of Crypto Assets. After the Trump administration took office, there may be major adjustments to industry regulatory policies.

In any case, the Polymarket incident will intensify the regulatory discussion in the Crypto Assets field. Industry insiders are calling for all parties involved to create a favorable development environment for Crypto Assets with a rational and open attitude.

4. Controversy over the upgrade of ETH Beam Chain, analyst says it is good for Layer2 development

The Ethereum Foundation recently announced that the Ethereum mainnet will upgrade to 'Beam Chain', which has sparked widespread controversy in the encryption currency community. Supporters believe that this upgrade will enhance the decentralization level of Ethereum, but some analysts are concerned that it may have a negative impact on Layer2 scaling solutions.

The main purpose of Beam Chain is to increase the decentralization of the ETH network block production process, thereby enhancing the network's resistance to censorship. But some are concerned that this may drop the performance of the ETH mainnet, thereby affecting the implementation of Layer2 scaling solutions.

However, more analysts believe that Beam Chain is a Favourable Information for the development of Layer2. They pointed out that this upgrade is fully in line with Ethereum's long-term roadmap, aiming to create a more Decentralization and secure infrastructure environment for Layer2.

"The emergence of Beam Chain just goes to show that the Ethereum Foundation is still adhering to its Decentralization concept, which is crucial for the healthy development of the Layer2 ecosystem," said an analyst.

Overall, the upgrade of Ethereum Beam Chain has sparked a heated discussion in the encryption currency community. The existence of different views reflects the industry's divergence on scaling paths, but the ultimate goal of everyone is the same, which is to make the Ethereum ecosystem more prosperous.

5. OpenAI will launch the "Operator" AI agent, which can automatically execute user tasks

According to reports, OpenAI plans to launch an artificial intelligence agent tool codenamed "Operator" in January 2025. This tool will be able to automatically perform tasks such as writing code or making reservations on the user's computer, and is considered an important milestone for OpenAI in the field of general artificial intelligence.

The principle of "Operator" is to connect to the user's computer through the API, receive instructions, and perform corresponding operations. It can not only complete simple repetitive labor, but also make judgments and decisions according to the contextual environment.

OpenAI revealed that the tool will first be released as a research preview version for developers and partners to test and optimize. In the future, they also plan to launch a commercial version for ordinary users.

Analysts believe that the advent of "Operator" will further expand the application scenarios of artificial intelligence, and is expected to give birth to new business models and employment forms in multiple industries. At the same time, it will also bring certain impacts to the human labor market, requiring all sectors of society to make preparations in advance.

In general, 'Operator' represents a major breakthrough in the generalization of artificial intelligence technology. It will not only change the way people work and live, but also inject new momentum into the future development of artificial intelligence.

二. Industry Data

1. BTC

BTC recently traded at $87,330.6000, with an intraday decline of -1.9000%.

2. ETH

Ethereum recently traded at a price of $3,159.7000, with a daily decline of -6.2000%.

3. PEPE

PEPE recent transaction price 0.0000 US dollars, intraday decline -10.1000%.

4. DOGE

The recent trading price of Dogecoin is $0.3775, with a daily decline of -8.4000%.

5. GT

GT recent transaction price is $9.2660, with a daily decline of -7.6000%.

3. Industry News

1. Bitcoin breaks through the $90,000 mark, hitting a new all-time high

The price of BTC broke through the $90,000 mark on November 14, setting a new historical high. This strong surge was mainly driven by the Favourable Information of Trump's election as President of the United States and the Republican Party holding a majority in the Senate. Analysts believe that the Trump administration's accession is expected to slow down the regulation of Crypto Assets, injecting new impetus into the industry's development.

At the same time, the US October CPI data met expectations, easing market concerns about inflation prospects and providing support for the rise of Bitcoin. Exchange data shows that BTC's intraday increase once exceeded 5%, and both volume and active Address numbers also showed a significant rise.

However, some analysts are cautious about whether BTC can continue to pump in the short term. They point out that BTC prices are already at historical highs, and investors may choose to take profits, leading to a pullback. In addition, the uncertainty of the global economic recovery prospects may also intensify the fluctuation of BTC. Investors need to closely follow the direction of policies and changes in the macro situation, and carefully grasp the risks.

2. Ethereum encounters pullback, analysts predict short-term adjustment

The price of Ethereum experienced a pullback on the 14th, falling below the $3,300 mark. Analysts believe this may be due to investors chasing the rise of Bitcoin, causing funds to shift from Ethereum to Bitcoin in the short term.

However, the Ethereum ecosystem is still strong, with the continuous rise of applications such as Decentralized Finance (DeFi) and Non-fungible Tokens (NFT) based on Ethereum, which will provide medium to long-term support for the price of Ethereum. Data shows that the number and activity of large investors' addresses in Ethereum have recently risen, reflecting institutional investors' favor for Ethereum.

Some analysts expect that Ethereum may experience a short-term adjustment in the coming weeks to digest the previous gains. More opportunities for Accumulation may emerge at that time. However, in the long run, as a "industrial internet" in the field of Crypto Assets, the value of Ethereum will continue to be recognized and valued by the market.

3. Memes coin is hot, Dogecoin leads the rise

Stimulated by the Favourable Information of Trump's election, Meme coins performed well in the market on the 14th. Data shows that popular Meme coins such as DOGE and SHIB had a daily increase of more than 10%, and trading activity also significantly increased.

Analysts believe that this wave of memes is mainly driven by two factors: first, the Trump administration's potential to ease Cryptocurrency regulation, creating a favorable environment for the development of memes; second, celebrities such as Musk continue to promote concept coins like Dogecoin, boosting investor sentiment.

However, some analysts have expressed concerns about the sustainability of memes. They believe that memes lack practical use cases and rely heavily on social media hype, posing a high risk of speculation. Investors need to exercise caution and avoid blindly following the trend.

4. SUI ecosystem Token SuiNS open Airdrop application, triggering follow

Sui domain name service SuiNS opened TokenNSAirdrop application on the 14th. The total supply of NS is 500 million, of which 57% is allocated to the community and foundation treasury, and 10% is used for community Airdrop.

The launch of SuiNS has been widely followed by the market and is seen as an important step in the development of the Sui ecosystem. Analysts believe that SuiNS not only provides domain name services for the Sui ecosystem, but more importantly, it attracts a large number of developers and users to participate through the Token economic model, which helps the prosperity and development of the Sui ecosystem.

At the same time, some investors also have doubts about the long-term value of SuiNSToken. They believe that the value of domain name services itself is limited, and whether the Token can continue to appreciate depends on the development prospects of the Sui ecosystem. Investors need to have a full understanding of the development trend of the Sui ecosystem and take a rational view of the investment value of SuiNSToken.

Overall, the cryptocurrency market showed divergence on November 14th, with BTC and meme coins performing strongly, while Ethereum and some ecosystem tokens experienced a pullback. Investors need to be patient, closely follow market trends, and carefully grasp risks and opportunities.

Four. Project News

1. OpenAI plans to launch an AI agent tool codenamed "Operator" in January next year

OpenAI is a leading artificial intelligence research company founded by Elon Musk and others in 2015. The company is dedicated to developing general artificial intelligence systems with the aim of advancing the development and application of artificial intelligence technology.

According to reports, OpenAI plans to launch an AI agent tool codenamed "Operator" in January 2024. This tool can automatically perform various tasks on the user's computer, such as writing code or booking itineraries. The OpenAI leadership revealed in an internal meeting that Operator will be released as a research preview version and made available to developers via API.

The launch of this AI agent tool will further expand OpenAI's influence in the field of artificial intelligence. Operator can help users improve work efficiency, automatically complete tedious daily tasks, thus freeing up more time for innovation and development. At the same time, the open API will also attract more developers to participate and contribute new features and application scenarios to the tool.

Industry insiders believe that the launch of Operator will accelerate the application of artificial intelligence technology in the field of productivity. In the future, similar AI agent tools are expected to play a role in various scenarios such as offices and homes, bringing a whole new experience to human life. However, analysts also remind that the development of artificial intelligence technology needs to focus on security and ethics to avoid negative impacts.

2. Typus, a newly launched asset in the SUI ecosystem, breaks the "institutional coin" curse

Sui is a new public chain developed by Mysten Labs, using the Move programming language, focusing on providing high-performance, scalable Block chain infrastructure. Since its launch in 2022, the Sui ecosystem has attracted many excellent projects to settle in.

Typus is an innovative Decentralization exchange solution designed to provide Liquidity support for projects in the SUI ecosystem. Traditionally, newly issued Tokens are often susceptible to manipulation by institutional investors, leading to significant price fluctuations and inadequate Liquidity.

Typus adopts the innovative Deepbook order book system and Options-driven Liquidity solution, providing risk Hedging tools for market makers, thereby enhancing Token Liquidity. In addition, Typus reduces reliance on external market makers by leveraging native Liquidity advantages.

These innovative solutions are expected to help projects in the Sui ecosystem to break free from the influence of institutional investors, achieve true Decentralization. The project party can develop more independently and provide better services to the community. At the same time, investors will also have a more fair and transparent trading environment.

Multiple analysis agencies have expressed their appreciation for Typus' innovative model. They believe that this Liquidity solution will help break the curse of "institutional coins" and bring new development opportunities to the entire cryptocurrency industry. However, some experts have warned that the actual effect of the new model still needs to be tested by the market.

3. Solana network briefly interrupted, priority fee surges 25 times

Solana is a high-performance Blockchain network, known for its low cost and high throughput. However, on November 14th, Solana network experienced a brief interruption, resulting in transactions not being processed normally.

According to the data of Solana, a Solana ecosystem project, during the interruption period, the priority fee of Solana pumped about 25-30 times. The average fee reached a high point of about $0.03, and the median fee also increased to about $0.01.

Solana co-founder Anatoly Yakovenko said on social media that this interruption may be related to the "scheduler stress test". Mert Mumtaz, co-founder of Helius and Solana commentator, added that he believed Solana's Block engine server was overloaded due to high demand, but the team resolved the issue within 10 minutes.

Although the interruption time is short, it still caused inconvenience to some users and projects. Some users reported that they were unable to use SolanaWallet normally during this period, and some funds were temporarily inaccessible.

Analysts point out that this incident once again highlights the shortcomings of the Solana network in terms of reliability. Although the network performs well in terms of performance, occasional interruptions still affect user experience. In the future, Solana needs to further improve the stability of the network to attract more users and projects to join.

At the same time, some competitors such as Aptos, SUI and other emerging public chains may benefit from it. If they can provide more reliable services, they may attract some Solana users and projects to migrate.

V. Economic Dynamics

1. US inflation data for October meets expectations, market follow Fed's December rate hike

Economic Background

The US economy experienced high inflation and a tightening cycle in 2022, with the inflation rate peaking at 9.1% in June and subsequently moderating. The annualized quarterly GDP growth rate for the third quarter was 2.6%, an improvement from the previous quarter's -0.6%. However, the job market continues to show strong performance, with an unemployment rate of 3.7% in October and an increase of 261,000 in the employed population.

Important Events

The consumer price index (CPI) for October, released on November 10, pumped by 7.7% year-on-year, in line with market expectations. The core CPI pumped by 6.3% year-on-year, higher than expected. This is the first time core inflation has been above 6% for four consecutive months since 1982. After the data was released, the US stock market pumped slightly, with investors expecting the Fed to raise interest rates by another 50 basis points in December.

Market Reaction

Investors expect the Federal Reserve to raise interest rates by 50 basis points in December and to raise the Benchmark Interest Rate to around 5% in early 2023. US Treasury yields rose slightly, with the 10-year Treasury yield reaching 3.82%. The US dollar index edged higher. Financial markets' expectations for the Fed's policy path are becoming more consistent, which is beneficial for easing market fluctuations.

Expert Opinion

Goldman Sachs chief economist Jan Hatzius said that the inflation data is in line with expectations, and the Federal Reserve may raise interest rates by 50 basis points in December and raise the interest rate to the range of 5%-5.25% in early 2023. He expects inflation to fall sharply in the second half of 2023, and the Federal Reserve may start cutting interest rates within the year.

2. China's October inflation data is lower than expected, and the economic recovery is facing pressure.

Economic Background

The Chinese economy was affected by epidemic prevention and control in 2022, and the GDP growth rate slowed down. The GDP year-on-year rise was 3% in the first three quarters, lower than the annual target of 5.5%. The manufacturing purchasing managers index for October was 49.2, below the boom-bust line for the third consecutive month. The economic recovery lacks momentum, and inflationary pressures have eased somewhat.

Important Events

The consumer price index (CPI) for residents in October, released on November 9, rose by 2.1% year-on-year, lower than the market's expected 2.4% and also lower than September's 2.8%. The producer price index (PPI) fell by 1.6% year-on-year, with a larger decline than in September. Food prices rose by 7% year-on-year, while non-food prices rose by 1.1%.

Market Reaction

The inflation data is lower than expected, reflecting weak domestic demand. Investors expect that in order to cope with the pressure of economic slowdown, the Chinese government and Central Bank will further increase the easing measures, including fiscal policies such as infrastructure investment and tax reduction, as well as monetary policies such as reserve requirement ratio cut and interest rate cut. Bonds and stock markets are pumping slightly.

Expert Opinion

Yuan Gang, Executive Dean of Chongyang Institute for Financial Studies at Renmin University of China, analyzed that the October inflation data was lower than expected, mainly due to the impact of epidemic prevention and control, and insufficient demand was the main reason. He expects that as domestic epidemic prevention and control policies are optimized, the economy will gradually recover, and inflation pressure will also rise.

Six. Regulation & Policy

1. After Trump's Election, US Cryptocurrency Regulation May Face New Changes

The result of the US presidential election has been settled, and the Republican candidate Donald Trump has ultimately defeated his Democratic opponent Biden to become the 46th President of the United States. This outcome may have a significant impact on the regulatory landscape of Crypto Assets in the United States.

As a billionaire entrepreneur, Trump has expressed support for Crypto Assets several times during his campaign. He promised to promote the development of the Crypto Assets industry and create a more friendly regulatory environment if elected, which sharply contrasts with the regulatory stance of the previous administration.

As President Trump takes office, former Chairman of the U.S. Securities and Exchange Commission (SEC), Clayton, stated that Congress may pass legislation to regulate cryptocurrency during Trump's tenure. He believes that if some administrative issues can be resolved, the legislation on cryptocurrency will be easier to promote.

Clayton also said that he supports easing regulatory burdens to encourage more companies to go public, which indicates that public policy will undergo widespread changes, in line with the expectations of the cryptocurrency industry. In fact, cryptocurrency companies have invested a lot of money in influencing this election.

Meanwhile, Ripple's Chief Legal Officer Stuart Alderoty is hopeful for the new government. He expects the new government to drop the cases against digital assets and hopes to see more rational regulatory approaches. Coinbase's Chief Legal Officer Paul Grewal also urges the new government to stop prosecuting cryptocurrency companies.

However, industry insiders point out that the "21st Century Financial Innovation and Technology Act" is unlikely to be passed in the short term, and the priority of encryption regulation will not be too high. Trump may initially focus on more important matters, and if successful, he may accelerate the relevant regulations in the second half of his term.

Overall, the Trump administration coming into power may bring new opportunities for the regulation of Cryptocurrency in the United States. However, the specific policy direction still needs to be observed, and both the industry and the public are closely following the regulatory trends of the new administration towards Cryptocurrency.

2. The UK government will announce its regulatory plan for the cryptocurrency industry this month.

In response to the Trump administration's attraction to the Cryptocurrency industry, the UK government will announce its plan to regulate the Cryptocurrency industry this month, and strive to make businesses feel confident about their prospects in the UK.

According to informed sources, the UK Treasury is planning to introduce two pieces of legislation on stablecoins, as well as an exemption clause requested by a Cryptocurrency provider, to exclude the so-called stake services from current financial regulation.

A Stable Coin is a Token that is tied to the value of less volatile assets such as the US dollar. The UK Financial Conduct Authority will establish rules for Stable Coins based on proposed legislation. Excluding stake services from regulation can meet the demands of Crypto Asset providers.

This move aims to eliminate the appeal of Cryptocurrency companies to the Trump administration, making them more confident in choosing to develop in the UK. After Trump won the election, the Cryptocurrency industry was once jubilant, pushing up the prices of assets, including BTC, to pump.

The move by the British government is seen as a strategic response to changes in U.S. regulation. The risk for the UK is that startups may choose other jurisdictions, such as the United States, where the rules are clearer or more favorable.

However, the regulatory plans of the British government have also received some criticism. Some believe that if the regulation is too loose, it may affect investor protection and AML work. Therefore, the British government needs to seek a balance between promoting innovation and maintaining financial stability.

Overall, the UK government's regulatory plan reflects its determination to attract Crypto Assets businesses. However, the specific policy details and implementation effects are still to be observed, and both inside and outside the industry are closely following the UK's regulatory trends.

3. US Republican Congressmen urge federal agencies to halt the development of Crypto Assets regulatory rules

On the eve of Trump's inauguration, French Hill, a Republican congressman, recently wrote to federal agencies such as the US Securities and Exchange Commission (SEC), the Treasury Department, the Federal Reserve, and the Consumer Financial Protection Bureau, requesting the suspension of all ongoing rulemaking.

Hill said that the American people expressed widespread dissatisfaction with the excessive regulation by the previous government over the past four years. He criticized the existing rules for constraining the rise and innovation of the economy, emphasizing the need to suspend these rules to restore balance between the government and the people.

Hill's letter specifically mentions the SEC's ATS regulations, expressing concerns that the regulations may have adverse effects on Decentralization projects. The ATS regulations aim to regulate alternative trading systems, but some are concerned that it may restrict the operation of Crypto Assets exchanges.

This call reflects the Republican Party's position on regulatory relaxation, which coincides with Trump's campaign promises. Trump has repeatedly criticized excessive regulation for hindering economic development and promised to push for regulatory reductions if elected.

However, some argue that suspending rule-making may bring uncertainty and disrupt market order. Some experts suggest that reasonable regulation is beneficial for the long-term healthy development of the Crypto Assets industry and a balance should be struck between promoting innovation and maintaining financial stability.

Overall, Hill's call reflects the new government's expectations for relaxed regulation. However, the specific regulatory direction still needs to be observed, both inside and outside the industry are closely following the new government's regulatory trends.