BTC is free money. Trump administration may push DeFi into the mainstream

Headline

▌Robert Kennedy: Bitcoin is free money

According to Watcher Guru, Robert Kennedy (RFK) Jr. said "Bitcoin is free money." Bitcoin is "a means for the American middle class to fight inflation, a remedy for the decline of the dollar from the world's reserve currency status, and a way to get rid of devastating national debt."

▌The Trump administration may push DeFi from niche to mainstream

RedStone co-founder and COO Marcin Kaźmierczak said in an interview that Donald Trump's new administration "may greatly promote the expansion of DeFi, and the government may support policies that push DeFi from niche to mainstream, promoting an influx of innovation and investment." Kaźmierczak also explained that the surge in BTC prices "usually" triggers an increase in DeFi service activity, and as BTC prices climb, it doesn't just climb in isolation, but lifts the entire DeFi industry.

Market

As of press time, according to Coingecko data:

BTC's recent transaction price is $90,662.39, with a daily increase or decrease of +2.7%;

ETH's recent transaction price is $3,149.87, with a daily increase or decrease of +3.7%;

BNB's recent transaction price is $626.21, with a daily increase or decrease of +3.6%；

SOL's latest transaction price is 215.31 US dollars, with a daily increase or decrease of +3.2%；

DOGE's latest transaction price is 0.3656 yuan, with a daily increase or decrease of +2.8%；

XPR's latest transaction price is 1.16 US dollars, with a daily increase or decrease of +1.4%。

Policy

▌Nigerian Cryptocurrency Industry Players Applaud Proposal to Jail Ponzi Scheme Operators

Nigeria’s proposed Investment and Securities Bill, which proposes jail terms for Ponzi scheme operators, has been welcomed by cryptocurrency industry players who hope the move will help cleanse the sector’s reputation.

Blockchain Applications

▌The DEXX attacker had planned this for a long time, and the incident was initially determined to be a loss of tens of millions of dollars.

On November 16, SlowMist founder Yu Xian posted an update on the DEXX incident on social media, saying that SlowMist has received nearly 500 requests for information related to the theft of DEXX, and that analysis of the incident is still ongoing. It has been preliminarily determined that the loss is in the tens of millions of dollars (because the prices of some Meme coins fluctuate too much), and the attacker addresses corresponding to almost every victim are different, indicating that the attacker in this incident had planned this for a long time, and the source of the gas was exchanged through XMR 3 days ago.

Cryptocurrency

▌CFTC issues notice to clear the way for spot Bitcoin ETF options to be listed

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that the U.S. Commodity Futures Trading Commission (CFTC) has issued a notice to clear the way for the listing of spot Bitcoin ETF options, and it is expected that related products will be listed soon. According to the notice information of the U.S. Commodity Futures Trading Commission forwarded by Eric Balchunas, the agency's clearing and risk department stated in an employee consultation notice that spot Bitcoin ETF options are for ETF stocks registered as securities with the U.S. Securities and Exchange Commission (SEC), which are listed and traded on national securities exchanges registered with the SEC, and are cleared and settled by the Options Clearing Corporation as the sole issuer of all stock options. In view of the relevant court precedents, these spot commodity ETF stocks are likely to be regarded as securities, so the listing of these stocks on national securities exchanges registered with the SEC does not involve the jurisdiction of the CFTC, and the clearing will be carried out in its capacity as a registered clearing agency supervised by the SEC.

▌Bitcoin official Twitter releases "Coke Cup" promotional picture

On November 16, Bitcoin official Twitter @Bitcoin released a promotional picture that was suspected to be generated by AI. In the picture, the body of the ice cola cup was printed with the Bitcoin logo, and the guide to follow Bitcoin's official Twitter was printed in the lower right corner of the picture.

▌Spot Bitcoin ETF had a net inflow of US$1.644 billion last week

According to Trader T monitoring, spot Bitcoin ETF had a net inflow of US$1.644 billion last week, with a trading volume of US$29 billion, the third largest single-week trading volume in history. At the same time, the price of Bitcoin rose 14% last week, with an inflow of US$1.866 billion to BlackRock, an outflow of US$153 million to ArkInvest, and an outflow of US$66 million to Bitwise.

▌Ripple CEO: The crypto industry has accepted Trump; Trump has also accepted the crypto industry

Ripple Labs CEO, "The crypto industry has accepted Trump; Trump has also accepted the crypto industry. I think this is very sincere, I think he sees opportunities, innovation, and entrepreneurship - I am very excited about the future."

Important Economic Dynamics

▌Data: Today's Fear and Greed Index is 86, and the level is still extremely greedy

According to Alternative data, today's Fear and Greed Index is 86, and the level is still extremely greedy. It is reported that the threshold of the Fear Index is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).

▌Bitcoin outperformed the S&P 500, Nasdaq and Dow this week

Bitcoin outperformed the S&P 500, Nasdaq and Dow this week.

Golden Encyclopedia

▌What is Kraken's Ink?

Ink is a second-layer bridge that Kraken is developing to improve the efficiency of decentralized finance (DeFi) by increasing transaction speed, reducing costs and increasing flexibility. Kraken's Ink seamlessly integrates centralized and decentralized environments, providing users with all the necessary tools and services while alleviating the common challenges associated with these environments. The solution runs as a second layer (L2) solution on Ethereum, alleviating the pressure on the first layer (L1) chain.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.