According to Arkham monitoring, Grayscale transferred a total of 2,799.927 BTC to Coinbase and other addresses 6 minutes ago.

According to Odaily, cryptocurrency analyst Ali, known by the handle @ali_charts on the X platform, has addressed ongoing discussions about Bitcoin potentially dropping below $90,000. Ali highlighted that the current average mining cost for Bitcoin stands at $90,524. Historically, during bull markets, Bitcoin has never fallen below its mining cost. This observation comes amid widespread speculation and debate within the cryptocurrency community regarding Bitcoin's future price movements. Ali's analysis suggests that the mining cost serves as a significant support level, indicating potential stability in Bitcoin's price trajectory. The historical trend of Bitcoin maintaining its value above the mining cost during bullish periods provides a reassuring perspective for investors concerned about potential downturns. The discussion around Bitcoin's price is part of a broader conversation about the cryptocurrency market's volatility and the factors influencing its fluctuations. As Bitcoin continues to be a focal point for investors and analysts alike, understanding the dynamics of mining costs and market trends remains crucial for making informed decisions in the ever-evolving digital currency landscape.

When the U.S. stock market opened, the Dow Jones Industrial Average rose 0.19%, the S&P 500 rose 0.11%, the Nasdaq rose 0.14%, MicroStrategy rose 3.56%, and Coinbase fell 0.35%.

According to analyst Ali (@ali_charts) on the X platform, there have been many discussions about Bitcoin falling below $90,000. It should be reminded that the current average mining cost is $90,524. Historically, BTC has never fallen below its mining cost during a bull market.

According to Odaily, Macquarie, a major asset management firm with assets totaling $870 billion, has expressed that Bitcoin mining could play a significant role in supporting local power grids. The company suggests that the integration of Bitcoin mining operations with local energy systems could enhance grid stability and efficiency. Macquarie's insights come at a time when the energy consumption of Bitcoin mining is under scrutiny. The firm believes that by strategically aligning mining activities with local energy needs, it is possible to optimize energy use and reduce waste. This approach could potentially transform Bitcoin mining from an energy-intensive process into a beneficial component of the energy ecosystem. The asset management giant's perspective highlights the potential for innovative solutions in the cryptocurrency sector to address broader energy challenges. By leveraging the flexibility of Bitcoin mining operations, local grids could better manage supply and demand fluctuations, ultimately contributing to a more resilient energy infrastructure.

Macquarie, an asset management giant with $870 billion in assets under management, said Bitcoin mining could support local power grids.

29 November 2024Macro/TradFiA newly proposed bill in Brazil's Congress seeks to establish a sovereign federal Bitcoin reserve. The reserve aims to mitigate currency fluctuations and geopolitical risks while also potentially serving as collateral for the country's forthcoming CBDC, Real Digital (Drex).Michael Saylor's MicroStrategy has made a massive Bitcoin purchase, acquiring 55,500 BTC for US$5.4B in the past week, bringing its total holdings to nearly ~US$38B.Bitcoin miner MARA added 6,474 BTC worth US$615M, increasing its holdings to 34,794 BTC valued at US$3.3B - the largest among public miners.Bitwise has filed an S-1 registration for a spot ETF offering balanced exposure to BTC and ETH, aiming to provide investors with easy access to the two largest cryptocurrencies.VanEck has extended the fee waiver for its HODL spot BTC ETF, covering the first US$2.5B in assets or until Jan 10, 2026, whichever comes first.WisdomTree has become the latest firm to target an XRP ETF, taking the preliminary step of filing for a trust entity in Delaware.CryptoL1/L2:Ethereum reclaims USDT dominance from Tron for the first time in two years, following a 10% surge in USDT supply on the network in recent weeks.DeFi:Ondo Finance has partnered with LayerZero to make its USDY yieldcoin fully fungible across multiple blockchain networks.Hyperliquid, a decentralized trading platform and Layer 1 chain, launched its HYPE token, distributing 31% of the 1B supply via a community airdrop. The remaining supply is allocated for emissions, rewards, core contributors, and support operations.Phantom wallet continues its multi-chain expansion by adding support for the Ethereum Layer 2 network, Base.MetaMask has expanded its fiat on-ramp capabilities by integrating with Venmo, enabling U.S. users to purchase crypto directly through the payment app.Stablecoins:Tether has announced plans to discontinue its Euro-pegged stablecoin, EURt, following regulatory hurdles and competition from MiCA-compliant rivals like Circle's EURC.Others:Binance launched BFUSD, a reward-bearing margin asset generating returns through delta hedging and staking strategies, with APY varying daily based on market conditions.Avant, an Avalanche-based protocol offering a yield-bearing product (similar to Ethena), has raised US$6.5M in a seed funding round at a US$25M valuation.Tornado Cash secured a significant win in a U.S. appeals court, as a three-judge panel ruled the Treasury's sanctions on its immutable smart contracts unlawful.Cookie DAO launches Cookie.fun, a platform for real-time tracking of AI agents’ performance across blockchain activity and social media, providing investors with insights into on-chain and market metrics.Latest Binance Research Publications Check out our latest publications:The Fed, Interest Rates, and the Economy: A PrimerExploring the Future of AI Agents in Crypto Monthly Market Insights - November 2024Explore our Binance Research website for more project and macro research.For more frequent market updates and insights, follow us on Twitter @BinanceResearch.That’s a wrap!Binance ResearchAbout Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

As BTCFi develops, Bitcoin will change from a passive asset to an active asset; from a non-interest-bearing asset to an interest-bearing asset.

According to Cointelegraph, the United Kingdom Court of Appeal has dismissed Craig Wright's attempt to appeal a High Court decision that ruled he is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin. This decision marks a significant development in the ongoing legal saga surrounding Wright's claims. The court's decision was reported by Hodlonaut, a prominent Bitcoin influencer, who announced on November 29 that Wright's application for permission to appeal had been "brutally denied." The court found that Wright's arguments for being Nakamoto were based on falsehoods, some of which were suspected to be generated by artificial intelligence. This ruling effectively concludes Wright's prolonged legal battles to establish himself as the creator of Bitcoin. In its latest ruling, the UK Court of Appeal highlighted that Wright's appeal contained "multiple falsehoods," including reliance on "fictitious authorities." One cited example was a case labeled Anderson v the Queen [2013] UKPC 2, which the court described as "AI-generated hallucinations." The court stated that Wright's appeals had no prospect of success and there was no reason to hear them further. Craig Wright, an Australian computer scientist and businessman born in 1970, has claimed to be Nakamoto since at least 2016. His assertions have been met with skepticism from the crypto community, with figures like Hodlonaut labeling him a "scammer" and "fraud." Despite this, Wright, often referred to as "Faketoshi" in Bitcoin forums, has pursued numerous libel lawsuits against critics, including Ethereum co-founder Vitalik Buterin and podcaster Peter McCormack. Many of these cases have ended unfavorably for Wright. In May, Judge James Mellor of the UK High Court of Justice ruled against Wright in a case brought by the Crypto Open Patent Alliance (COPA), a coalition accusing him of forgery to support his claim of being Nakamoto. With Wright's claims dismissed, efforts continue globally to uncover Nakamoto's true identity. In October, an HBO documentary speculated that Canadian Bitcoin core developer Peter Todd might be the creator, though Todd denied the claim, leaving the community skeptical. This latest court decision underscores the challenges Wright faces in his quest to prove his identity as Bitcoin's creator, as the search for Nakamoto's true identity continues.

TL;DR Hyperliquid will launch its HYPE token on November 29, with an airdrop of 31% of the total supply, valued at over $1 billion. HYPE will play a key role in staking and smart contract execution on HyperEVM, supporting the HyperBFT network with up to 200,000 TPS. With a TVL of $1.3 billion, Hyperliquid’s blockchain ... source: https://crypto-economy.com/hyperliquid-launches-the-hype-token-today-with-a-1-billion-airdrop-valued-at-3-billion-pre-market/

The European Union’s Markets in Crypto-Assets (MiCA) laws are forcing the exchange to shut down its USDC rewards program. This change affects the European Economic Area (EEA), a group of 30 countries that includes all EU member states, Iceland, Norway, and Liechtenstein. What’s Changing? On November 28th, Coinbase informed users via email that the USDC […] The post MiCA Ends USDC Yields for... source: https://www.altcoinbuzz.io/cryptocurrency-news/mica-ends-usdc-yields-for-european-coinbase-users/

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

Base's on-chain capital inflow in the past month reached US$815 million, ranking first among all chains. In contrast, Solana's net capital inflow was only US$304 million.

In traditional finance, lending markets provide short-term borrowing opportunities, typically for highly liquid and low-risk assets, with the goal of providing security and the highest possible yield.

Wallet, enlightenment from the DEXX incident: How to understand the risks of custodial wallets. Golden Finance, the DEXX platform encountered a serious crisis of asset theft.

Recommended reading for tonight: 1. Companies that learn from MicroStrategy to buy Bitcoin aggressively; 2. Meme coins on Solana: saturated supply and limited liquidity; 3. A quick comparison of PumpFun and Clanker: which one do you prefer;

A US court ruled that OFAC’s sanctions on Tornado Cash’s smart contract exceeded its authority, which is a huge victory for the crypto world. The hard-hit crypto privacy track will be revitalized.

TON, members of TON’s early core team tell us about the 10 key contributions that influenced TON’s early development. Golden Finance, the spirit of NEWTON lives on, and this is just the beginning.

sBTC is expected to be launched on the mainnet on December 16. How can early users participate?

Justin Sun ate a $6.2 million banana from Maurizio Cattelan’s *Comedian* artwork at a live-streamed event in Hong Kong. The controversial act, following Sun's auction purchase, highlighted the intersection of art, cryptocurrency, and personal branding.