Headline
▌Robert F. Kennedy Jr.: Bitcoin is the currency of freedom
According to Watcher Guru, Robert F. Kennedy Jr. (RFK) Jr. stated that "Bitcoin is the currency of freedom." Bitcoin is "a means for the American middle class to fight inflation, a remedy for the decline of the US dollar as the world's reserve currency, and a way to escape the devastating national debt."
▌The Trump administration may bring DeFi from niche to mainstream
In an interview, RedStone co-founder and COO Marcin Kaźmierczak said that the new Donald Trump administration "could greatly drive the expansion of DeFi, as the government may support policies to bring DeFi from niche to mainstream, fueling innovation and investment inflows." Kaźmierczak also explained that the "surge" in BTC prices "usually" leads to an increase in DeFi service activity, and as BTC prices rise, it not only rises in isolation, but also boosts the entire DeFi industry.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $90,662.39, with a daily change of +2.7%;
ETH's latest trading price is $3,149.87, with a daily change of +3.7%;
BNB's latest trading price is $626.21, with a daily change of +3.6%;
SOL's latest trading price is $215.31, with a daily change of +3.2%;
DOGE's latest trading price is $0.3656, with a daily change of +2.8%;
XPR's latest trading price is $1.16, with a daily change of +1.4%.
Policy
▌Nigerian crypto industry participants welcome the proposal to imprison Ponzi scheme operators
The proposed Investment and Securities Act in Nigeria calls for imprisonment of Ponzi scheme operators, which has been welcomed by the crypto industry participants, who hope this will help cleanse the industry's reputation.
Blockchain Applications
▌DEXX attackers had planned for a long time, the incident is preliminarily estimated to be a loss of tens of millions of dollars
On November 16, Slowmist founder Yu Xian posted an update on social media about the DEXX incident, stating that Slowmist has so far received nearly 500 requests related to the DEXX theft, and the incident analysis is still ongoing. The preliminary estimate is that the loss is in the tens of millions of dollars (due to the large price fluctuations of some MEME coins). The attacker addresses corresponding to almost every victim are different, indicating that the attackers had planned this attack for a long time, and the gas source was converted from XMR 3 days ago.
Cryptocurrencies
▌CFTC issues notice to clear obstacles for the listing of spot Bitcoin ETF options
Bloomberg senior ETF analyst Eric Balchunas posted on X platform that the U.S. Commodity Futures Trading Commission (CFTC) has issued a notice to clear obstacles for the listing of spot Bitcoin ETF options, and related products are expected to be listed soon. According to the CFTC notice forwarded by Eric Balchunas, the agency's Clearing and Risk Division stated in a staff advisory notice that spot Bitcoin ETF options are for ETF stocks registered as securities with the U.S. Securities and Exchange Commission (SEC) and listed and traded on national securities exchanges registered with the SEC, with the options clearing corporation as the sole issuer and clearer of all stock options. Given relevant legal precedents, these spot commodity ETF stocks are likely to be considered securities, so their listing on national securities exchanges registered with the SEC does not involve CFTC jurisdiction, and the clearing will be done in its capacity as a registered clearing agency under SEC supervision.
▌The Bit Official Twitter account released a "Coke Cup" promotional image
On November 16, the Bit Official Twitter account @Bitcoin released a promotional image that appears to be AI-generated, with a Bit logo printed on a Coke cup, and a call-to-action to follow the Bit Official Twitter account in the bottom right corner.
▌Spot Bitcoin ETFs saw net inflows of $1.644 billion last week
According to Trader T's monitoring, spot Bitcoin ETFs saw net inflows of $1.644 billion last week, with trading volume reaching $29 billion, the third largest single-week trading volume on record. Meanwhile, last week's BTC price rose 14%, with BlackRock inflows of $1.866 billion, ARKInvest outflows of $153 million, and Bitwise outflows of $66 million.
▌Ripple CEO: The crypto industry has accepted Trump; Trump has also accepted the crypto industry
Ripple Labs CEO said, "The crypto industry has accepted Trump; Trump has also accepted the crypto industry. I think this is very sincere, I think he sees the opportunity, sees the innovation, sees the entrepreneurial spirit - I'm very excited about the future."
Important Economic Dynamics
▌Data: The Fear and Greed Index today is 86, still in the Extreme Greed range
According to Alternative data, the Fear and Greed Index today is 86, still in the Extreme Greed range. The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Overall Market (10%) + Google Trends Analysis (10%).
▌Bitcoin outperformed the S&P 500, Nasdaq, and Dow Jones indices this week
Bitcoin outperformed the S&P 500, Nasdaq, and Dow Jones indices this week.
Jinse Encyclopedia
Ink is a layer-2 bridge being developed by Kraken, aimed at improving the efficiency of decentralized finance (DeFi) by increasing transaction speed, reducing costs, and enhancing flexibility. Kraken's Ink seamlessly integrates centralized and decentralized environments, providing users with all the necessary tools and services while mitigating common challenges associated with these environments. The solution runs as a layer-2 (L2) solution on Ethereum, relieving the pressure on the layer-1 (L1) chain.
Disclaimer: Jinse Finance, as a Bit chain information platform, the articles published are for reference only and do not constitute actual investment advice. Please everyone to establish the correct investment concept, and must improve risk awareness.
