21X, a tokenized asset trading platform running on Polygon, has been approved by the German financial regulator BaFin to go online. It plans to launch a tokenized financial instrument trading platform at its headquarters in the first quarter of 2025, and plans to support the trading of tokenized equity, debt securities, funds, and real-world assets (RWA), such as real estate or artworks that qualify as financial instruments. It is reported that in addition to BaFin, the German Federal Bank (Deutsche Bundesbank), the European Securities and Markets Authority (ESMA) and the European Central Bank (ECB) also participated in the approval of 21X. (Coindesk)

Blockchain data shows that XRP Ledger has reduced the base reserve requirement from 10 XRP to just 1 XRP on December 3. This allows new users to top up their wallets with less cryptocurrency, potentially lowering the barrier to user adoption. At the same time, this also enables users to spend part of the XRP they would otherwise have to hold as a reserve. The reserve change took place at 6:45 am Beijing time today. The news was announced on the X platform by the XRP validator operator under the pseudonym Vet. At the same time, the owner reserve has also been reduced from 2 XRP to 0.2 XRP. This means that users only need to keep 0.2 XRP for each object held in their account. According to the XRP Ledger's documents, objects can include NFTs, trust lines, signer lists, or owner directories. Some oracles also count as objects and require owner reserves. (Cointelegraph)

According to Lookonchain monitoring, DWF Labs deposited another 2 million ALGOs ($1.14 million) into CEX 3 hours ago. Since November 21, DWF Labs has deposited 16 million ALGOs ($9 million) into CEX. During this period, the price of ALGO has risen by about 185%.

QCP posted on its official channel that BTC recently rose to over $97,000, but then fell back to over $95,000. The pullback coincided with the news that the US government transferred 10,000 BTC related to Silk Road (worth about $963 million at the time of the transfer). After this transfer, the front-end volatility curve tilted further towards put options. In terms of institutional demand, optimism continues. Spot ETFs recorded another $350 million in inflows yesterday, while MARA Holdings followed MicroStrategy's footsteps and bought $618 million worth of BTC in the past two months. Other crypto mining companies such as RiotPlatform are increasingly likely to stop selling BTC, and some of them are considering expanding their holdings. The news that Microsoft is considering holding BTC highlights the growing interest of more companies in Bitcoin as a reserve asset. At the same time, US stocks continue to set new records, with the S&P 500 reaching its 54th all-time high this year. Several Fed officials have signaled a preference for lower borrowing costs at the next meeting, though that depends on incoming economic data, which could add volatility to the event window.

Recently, XRP rose to $2.84, with a market value of over $146 billion, becoming the world's third largest crypto asset. As XRP drives market sentiment, related concept projects such as AVAX, LINK, ONDO and HBAR recorded an average increase of over 30%.

According to Odaily, recent data from Farside Investors indicates that Fidelity's FBTC experienced a substantial net inflow of $25.1 million yesterday. This development highlights a notable movement in the financial markets, reflecting investor confidence and interest in Fidelity's offerings. The inflow of funds into Fidelity's FBTC is a significant indicator of market trends and investor sentiment. Such movements can often signal broader economic implications, as investors seek to allocate resources in response to market conditions and potential opportunities. The substantial inflow suggests that investors are actively engaging with Fidelity's financial products, possibly in anticipation of favorable market developments or as part of a strategic portfolio adjustment. This influx of capital into Fidelity's FBTC underscores the dynamic nature of the financial markets, where investor decisions are influenced by a myriad of factors, including economic forecasts, market performance, and individual investment strategies. As the financial landscape continues to evolve, such data points provide valuable insights into the behavior and priorities of market participants.

According to PANews, a recent article by Shen Yu delves into the varying levels of difficulty associated with different trading strategies. Shen Yu categorizes these strategies based on the skills and knowledge required to execute them effectively. Arbitrage operations are considered the simplest, requiring only basic arithmetic skills. This strategy involves taking advantage of price differences in different markets or forms. On the other hand, bottom-fishing, or buying assets at their lowest point, demands a good grasp of position management and emotional control. This approach requires traders to assess when an asset has reached its lowest value and is poised for a rebound. More complex is the strategy of re-entering the market heavily after selling off assets, which places significant demands on a trader's mindset. This involves not only timing the market correctly but also managing the psychological stress associated with large investments. Additionally, the strategy of exiting at the peak, or 'escaping the top,' requires a comprehensive analysis of fundamentals, macroeconomic factors, and collective market sentiment. This approach is challenging as it involves predicting the highest point of an asset's value before a downturn. The most difficult strategy, according to Shen Yu, is leveraged trading. This method amplifies volatility and reduces survival rates, necessitating mastery of various trading techniques. Leveraged trading involves borrowing funds to increase the potential return on investment, which also increases the risk of significant losses. Shen Yu concludes by reflecting on his years of trading experience, noting that he no longer aims to exit at the peak but has instead learned how to manage his positions effectively. This shift in focus highlights the importance of adaptability and continuous learning in the ever-evolving landscape of trading.

According to Odaily, Bitcoin mining company Core Scientific has announced a private placement of convertible senior notes totaling $500 million, set to mature in 2031. The offering is directed towards qualified institutional buyers. Additionally, Core Scientific intends to grant the initial purchasers of the notes an option to buy up to an additional $75 million in principal amount of the notes. This option can be exercised within 13 days from the initial issuance date, including the day of issuance. Core Scientific plans to utilize the net proceeds from this offering for general corporate purposes. These purposes include working capital, operational expenses, capital expenditures, acquisitions of complementary businesses, or repurchasing its securities. The company aims to strengthen its financial position and support its strategic initiatives through this capital raise. The move reflects Core Scientific's ongoing efforts to optimize its financial structure and enhance its operational capabilities in the competitive Bitcoin mining industry.

According to BlockBeats, on December 3, Cobo's co-founder and CEO, Shenyu, shared insights on trading difficulty levels via X. He categorized various trading strategies based on their complexity and the skills required to execute them effectively. Shenyu highlighted that arbitrage operations are relatively straightforward, requiring only basic arithmetic skills and strong execution capabilities. This simplicity makes it accessible to traders who can act decisively. In contrast, bottom-fishing strategies demand a higher level of skill, particularly in position management and emotional control. Having sufficient cash reserves at the right time is crucial for seizing opportunities in this approach. Reinvesting heavily after selling off assets is another strategy that Shenyu described as requiring a strong mindset. Traders must possess the psychological resilience to adjust and re-enter the market confidently. On the other hand, timing the market top is a highly complex task. It involves a comprehensive analysis of various factors, including fundamental data, macroeconomic conditions, and collective market sentiment. A keen insight into market trends and the ability to react swiftly are essential for success in this area. Shenyu further noted that leveraged trading presents the highest level of difficulty. The use of leverage significantly amplifies volatility, thereby reducing the survival rate of traders. Mastery in bottom-fishing, heavy reinvestment, and timing the market top are prerequisites for engaging in leveraged trading effectively. Shenyu concluded by reflecting on his years of trading experience, stating that he no longer aims to time the market top but has learned how to manage his positions effectively.

According to PANews, U.S. President-elect Donald Trump has recently been promoting his cryptocurrency initiative, World Liberty Financial, which has raised eyebrows due to its funding structure. The project, which seeks to attract supporters through token sales, is designed to allocate 75% of its funds directly to the Trump family. On November 25, Justin Sun, the founder of Tron, announced his purchase of World Liberty tokens worth $30 million, helping the project reach its fundraising target. This investment is expected to result in at least $15 million flowing to the Trump family. Sun has stated that his support for the project is aimed at advancing the blockchain industry in the United States and has denied any direct dealings with Trump.

According to BlockBeats, recent monitoring by Lookonchain has revealed significant activity involving a cryptocurrency whale. Over the past 12 hours, this whale has made substantial purchases amounting to $6.68 million worth of LINK tokens. This transaction highlights ongoing interest and investment in the LINK cryptocurrency, reflecting its potential appeal to large-scale investors. The acquisition of such a large volume of LINK tokens by a single entity underscores the dynamic nature of the cryptocurrency market, where substantial investments can occur rapidly. This activity may influence market perceptions and potentially impact LINK's market value, as large transactions often attract attention from other investors and market analysts. This development is part of a broader trend of increased whale activity in the cryptocurrency space, where significant players make strategic moves that can affect market dynamics. As the market continues to evolve, such transactions are closely monitored by analysts and investors alike, providing insights into the strategies and confidence levels of major market participants.

The launch of the leveraged MicroStrategy ETF has accelerated the trend of MicroStrategy's stock price

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Donald Trump’s cryptocurrency project, World Liberty Financial, has drawn criticism for directing 75% of its funds to his family, raising ethical concerns. Justin Sun's $30 million investment saved the project and highlighted ongoing debates about crypto, politics, and transparency.

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