Trump asks BRICS to use US dollars XRP market value surpasses Intel

Headline

▌Trump asks BRICS to "commit" to using the US dollar

US President-elect Trump: Asks BRICS to promise not to create a new BRICS currency, nor to support any other currency to replace the powerful US dollar, otherwise they will face a 100% tariff.

▌XRP market value surpasses Intel

According to the latest data from Infinite Market Cap, as XRP's market value breaks through $100 billion to set a new record, it has surpassed traditional technology giant Intel (Interl) and well-known automaker BYD (BYD) in the global asset market value rankings and rose to 189th place. Data shows that the current XRP market value is about $104.69 billion, while Intel's market value is about $103.72 billion.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $96,483.14, with a daily increase or decrease of -0.2%;

ETH's latest transaction price is $3,692.74, with a daily increase or decrease of +2.8%;

BNB's latest transaction price is $652.44, with a daily increase or decrease of +0.3%；

SOL's latest transaction price is 238.30 US dollars, with a daily increase or decrease of -1.0%；

DOGE's latest transaction price is 0.4318 yuan, with a daily increase or decrease of +2.6%；

XPR's latest transaction price is 1.89 US dollars, with a daily increase or decrease of +3.6%.

Policy

▌Governments are “obsessed with indirect regulation”

Ripple CTO David Schwartz recently joined the list of tech founders who have spoken out against Operation Chokepoint 2.0 — a government-run debanking effort against the crypto industry. Schwartz said governments are “obsessed with indirect regulation” and listed four reasons why debanking undermines the rule of law. Schwartz argues that debanked entities change service providers or move funds underground — thereby evading surveillance and sanctions controls altogether. The CTO also said that debanking undermines due process, free speech, and the right against unlawful search and seizure.

▌Spanish Securities Regulator Approves First Tokenization License

Spanish securities regulator CNMV has approved the country’s first tokenization license, opening the door for tokenization of real-world assets (RWA). Ursus-3 Capital, in partnership with Onyze, is the first consortium able to offer its services to Spanish companies seeking to enter this sector. "We firmly believe that RWA tokenization opens up endless possibilities for entrepreneurs and it is very important to guarantee the legal security of investors," said Juan Jurado, General Manager of Ursus-3 Capital. Third parties can already sign up for their tokenization services

Blockchain Applications

▌DeFi liquidity re-enabling protocol Tren Finance completes seed round financing, with participation from Maven Capital

DeFi liquidity re-enabling protocol Tren Finance announced the completion of its seed round financing, with participation from Contango Digital Assets, Maven Capital, Moonrock Capital, OIG Capital, Spyre Capital and others. The specific financing amount and valuation information have not been disclosed. It is reported that Tren Finance currently mainly provides liquidity proof and hooks for the community to support DeFi services such as re-hypothecation LP, money market deposits and re-pledged positions.

▌General Office of the CPC Central Committee and the State Council: Accelerate the development of foreign trade in areas such as blockchain and artificial intelligence

According to Xinhua News Agency, the opinions of the General Office of the CPC Central Committee and the General Office of the State Council on the reform, innovation and development of digital trade pointed out that we should vigorously develop digital technology trade, strengthen the innovation of key core technologies, and accelerate the development of foreign trade in areas such as communications, the Internet of Things, cloud computing, artificial intelligence, blockchain, and satellite navigation.

Cryptocurrency

▌Pump.fun has received a total of $368 million in fees since its launch, and a total of 4,038,775 tokens have been deployed

According to on-chain analyst @ai_9684xtpa, Pump.fun was launched on April 5 this year, and the data of Pump.fun, which was created only 239 days ago, is as follows: The total fee income is as high as 1,527,143 SOL (about $368 million), with an average daily income of $1.54 million; The total number of deployed tokens is 4,038,775, with an average of 16,898 new tokens per day; the number of monthly transactions is 388 million, which is nearly twice the total of other DEXs; The current market value of the top 10 tokens has exceeded $200 million, and the top 1 Pnut has even exceeded $1 billion; Of the 14 memes launched on Binance so far (including spot and futures), 42.85% belong to Pump.fun tokens, while the proportion in the SOL network is 85.71%.

▌The White House's promotion of Bitcoin may shake people's trust in the US dollar as the global reserve currency

CF40 Research Institute published an article "The "Politicization" of Cryptocurrency", which revealed that the 2024 US presidential election has come to an end. Behind Trump's victory, the cryptocurrency industry continues to enter the "money politics" and has attracted widespread attention. American scholar Vitaliy Katsenelson suggested that at a time when market sentiment towards the dollar has been disturbed, the White House's promotion of Bitcoin may shake people's trust in the dollar as a global reserve currency, thereby weakening the dollar's status. As for the current fiscal challenges, "What can really keep the United States great is not Bitcoin, but controlling debt and deficits."

▌The market value of Grayscale's cryptocurrency portfolio has increased by more than 85% in the past month

According to Cryptorank data, Grayscale Trust Investment's cryptocurrency holdings have increased by more than 85% in the past month, with Stellar and Ripple (XRP) achieving triple-digit growth, which also confirms analysts' predictions of the upcoming cottage season. Data shows that Stellar's monthly chart shows that it has risen by more than 469%, while XRP has risen by more than 262% in the past month. The metaverse project Decentraland is the third largest token in the Grayscale portfolio, with an increase of more than 105% in the past month.

▌300 million USDT transferred from Tether Treasury to Kraken

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

Important Economic Dynamics

▌Today's Fear and Greed Index dropped to 81, and the level is still Extreme Greed

Today's Fear and Greed Index dropped to 81 (yesterday's was 84), and the level is still Extreme Greed. Note: The panic index threshold 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%).

▌Institution: The probability of the Fed suspending interest rate cuts in the middle of next year has increased

Minsheng Securities said that the probability of the Fed suspending interest rate cuts in the middle of next year has increased. With unemployment remaining low and inflation being blocked, the Fed may cut interest rates 2 to 3 times next year, and may suspend interest rate cuts in the second half of the year. In the unlikely event that tariffs and immigration policies are too strong, which may lead to a decline in US stocks and a significant decline in the US economy, there may be more interest rate cuts next year.

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 coins 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 the user's perspective, airdrops provide an opportunity to get new cryptocurrencies with minimal effort and the potential for huge gains. These tokens are not just freebies, they are also a way to participate in the growing digital economy.

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