9584 ETH transferred to Coinbase, including 429 BTC addresses activated in 10.9 years

Headline

▌9,584 ETH transferred from unknown wallet to Coinbase, about 34 million US dollars

According to the on-chain data tracking service Whale Alert, at about 7:10 am Beijing time, 9,584 ETH (34,448,421 US dollars) were transferred from an unknown wallet to Coinbase.

▌A dormant address containing 429 BTC was activated after 10.9 years, worth more than 41 million US dollars

According to the on-chain data tracking service Whale Alert, a dormant address containing 429 BTC (41,707,628 US dollars) was just activated after 10.9 years.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $96,842.76, with a daily increase or decrease of +1.2%;

ETH's latest transaction price is $3,598.89, with a daily increase or decrease of +1.1%;

BNB's latest transaction price is $650.79, with a daily increase or decrease of -0.3%；

SOL's latest transaction price is 240.72 US dollars, and its intraday increase or decrease is +1.5%；

DOGE's latest transaction price is 0.4205 yuan, and its intraday increase or decrease is +4.8%；

XPR's latest transaction price is 1.83 US dollars, and its intraday increase or decrease is +18.7%。

Policy

▌Stand With Crypto: There are currently 276 members of the House of Representatives who support cryptocurrency

Stand With Crypto, a crypto advocacy group led by Coinbase, said that there are currently 276 members of the U.S. House of Representatives who support cryptocurrency. It is reported that the U.S. House of Representatives and the U.S. Senate make up the two houses of the U.S. Congress. The House of Representatives has 435 members, and the number of members in each state is determined by population. The advocacy group said that the crypto industry hopes to see the Trump administration's regulators take more relaxed regulatory measures, and they also plan to push Congress to establish a new framework to help cryptocurrencies become a more important part of the financial system.

Blockchain Applications

▌Curve partners with Elixir to bring BlackRock’s BUIDL to DeFi

Decentralized exchange Curve said on November 29 that it has partnered with blockchain network Elixir to expand BlackRock’s tokenized money market fund (BUIDL) access to decentralized finance (DeFi). Curve said token holders will soon be able to use BlackRock BUIDL to mint Elixer's yield-bearing stablecoin deUSD. Curve said: "Up to $1 billion of institutional real-world assets (RWA) can now mint deUSD, a yield-bearing synthetic dollar token."

▌Ripple is expected to obtain approval from the New York Department of Financial Services to issue stablecoin RLUSD, which may be launched on December 4

According to FOX Business, New York's top cryptocurrency regulator – the New York Department of Financial Services (NYDFS) – is about to approve a new stablecoin RLUSD issued by cross-border payment company Ripple. People familiar with the matter said that the New York Department of Financial Services has told Ripple that it will approve the product, and the company plans to launch the product on December 4. If approved, Ripple will be able to legally offer RLUSD to the public, making it a major player in New York's regulated digital financial markets and the broader stablecoin ecosystem, a move that will also put Ripple in direct competition with other well-known U.S. stablecoin issuers such as Circle, Paxos and Gemini.

Cryptocurrency

▌CryptoQuant: Based on Bitcoin's Realized Price Valuation, its highest price target is $146,000

CryptoQuant said on the X platform that based on Bitcoin's Realized Price Valuation, its highest price target is $146,000. This price range has historically marked cycle tops, such as April-May 2021. Note: Realized Price Valuation is an important indicator used to assess the value of cryptocurrencies, especially Bitcoin. It reflects the "real cost" of all bitcoins in the market by calculating the price of each bitcoin at the last transaction.

▌This year, Indonesia's crypto market transaction volume has exceeded US$30 billion, a year-on-year increase of 350%

From January to October 2024, Indonesia's cryptocurrency market transaction volume exceeded US$30 billion, a year-on-year increase of 350%, setting a record high since the 2021 bull market. According to Chainalysis's Global Cryptocurrency Adoption Index, Indonesia and Oceania/Asia markets remain the regions with the highest cryptocurrency adoption rates in the world, with seven of the top ten countries coming from the region.

▌Yesterday FBTC net inflow of US$106.1 million

According to Bloomberg Terminal data, FBTC had a net inflow of US$106.1 million yesterday.

▌A total of 10,271 ETH flowed into the Grayscale Ethereum Mini Trust Fund in the past half hour

According to Arkham monitoring data, a total of 10,271 ETH flowed into the Grayscale Ethereum Mini Trust Fund from the Coinbase Prime hot wallet address in the past half hour, worth 37.29 million US dollars.

300 million USDT transferred from Tether Treasury to Kraken

According to the on-chain data tracking service Whale Alert, at around 7:42 am Beijing time, 300,000,000 USDT (300,232,678 US dollars) was transferred from Tether Treasury to Kraken.

Important Economic Dynamics

▌US stocks closed early, Nasdaq rose 0.83%

US stocks closed early, the Dow Jones Industrial Average initially closed up 192 points, the S&P 500 rose 0.57%, and the Nasdaq rose 0.83%.

▌Societe Generale: The Fed will continue to cut interest rates, leading to a decline in short-term interest rates, and tariffs and fiscal deficits will push up long-term interest rates

Societe Generale predicts that by the end of 2025, the 10-year US Treasury yield will rise to 4.5%, while the 2-year US Treasury yield will fall to 3.5%. The reason is that the Fed will continue to cut interest rates, which will lower short-term interest rates, but will also stimulate the economy and increase fiscal deficits, which will increase demand for long-term government bonds and lead to higher long-term yields. In addition, Trump's tariff plan may push up inflation expectations, and the US government is expected to increase the issuance of treasury bonds in order to cope with the fiscal deficit, which will push up yields.

Golden Encyclopedia

▌What is an airdrop?

Airdrops are the cryptocurrency equivalent of surprise gifts. Imagine opening a box and finding coins inside! This is similar to receiving an announcement about free tokens or tokens from a new blockchain project. Crypto airdrops involve distributing digital assets to users' wallets for free or in exchange for completing simple tasks, such as following a project on social media or joining their online community.

In the crypto ecosystem, airdrops play a vital role. New projects use airdrops as a marketing strategy to increase awareness and build a user base. They are like free samples in a supermarket, enticing users to try new products. From a user's perspective, airdrops provide an opportunity to gain access to new cryptocurrencies with minimal effort, and potentially huge gains. These tokens are not just freebies, they are a way to participate in the growing digital economy.

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