1. Attention Value-Market Key Points
1. Market conditions
(1) Macro environment:
Trump announces Paul Atkins as SEC chairman
In the early morning of December 5, Trump announced on the social media platform Truth Social that he would nominate Paul Atkins as the chairman of the U.S. Securities and Exchange Commission. He said: "I am pleased to announce that Paul Atkins will be the next chairman of the U.S. Securities and Exchange Commission."
Paul Atkins is currently the CEO and founder of Patomak Global Partners. He has been the co-chairman of the Token Alliance, the Chamber of Digital Commerce, since 2017, and is committed to promoting the development of the digital asset industry. From 2002 to 2008, he served as a member of the SEC, during which time he actively advocated transparency and protected investor interests.
Paul Atkins is known for supporting reduced regulation of crypto assets and has criticized the SEC's practice of levying huge fines on companies, arguing that this harms shareholder interests. His nomination is seen as part of Trump's promise to deliver on a crypto-friendly government. After Trump's announcement, the cryptocurrency market fluctuated violently, and the price of Bitcoin broke the $100,000 mark for the first time, showing that the market is optimistic about regulatory changes after Paul Atkins takes office.
(2) Web3 field:
l Crypto market carnival: Bitcoin breaks through $100,000 for the first time in history
On December 5, 2024, the price of Bitcoin exceeded $100,000 for the first time, setting a new record high and a total market value of $2.1 trillion. This milestone marks that Bitcoin has officially entered the six-digit range, and the once unattainable $100,000 has now become a reality.
Bitcoin's journey began on January 3, 2009, when the network was officially launched. Its initial trading price was only $0.0008. At the current price, it has risen more than 125 million times. This is not only a victory for technological innovation, but also a bold attempt to reconstruct the trust system. From the white paper released during the financial crisis to becoming a financial giant with a global market value of more than $2 trillion, Bitcoin has changed our understanding of money, wealth, and power in a way that no one could have foreseen.
The story of Bitcoin continues. It continues to evolve, attracting more institutions and individuals to participate, and promoting a new balance between regulation and the market. From Satoshi Nakamoto's original intention to today's glory, Bitcoin has not only written a legend in the past, but also opened a new chapter in the future. Many supporters firmly believe that Bitcoin is not the end, but a new starting point for redefining global finance.
2. Hot events
(1) Macro environment:
l The crypto industry is about to see a relaxation of regulatory policies
On December 5, the Associated Press reported that Bitcoin broke through the $100,000 mark for the first time. The emergence of this historic price milestone is closely related to the news that Trump nominated Paul Atkins as chairman of the U.S. Securities and Exchange Commission. Paul Atkins said he would adopt a more relaxed regulatory policy for the crypto industry. He served as an SEC commissioner during President Bush's term and has been opposed to excessive market regulation since leaving the agency.
Under Paul Atkins' leadership, the SEC is likely to reduce enforcement actions against cryptocurrency trading platforms and token issuers, thereby providing the industry with more room for development. In addition, he stressed the need to clarify which digital assets are considered securities in order to provide legal certainty for crypto companies and simplify the compliance process. Such policy changes may attract more investors and institutions to participate in the crypto market and promote further maturity of the industry.
However, Paul Atkins also recognizes that certain regulations must be maintained to combat illegal activities such as money laundering. Therefore, Paul Atkins' policies may seek a balance between promoting innovation and ensuring market safety.
(2) Web3 field:
l Musk and a16z founder team up to create the Department of Government Efficiency (DOGE) to recruit new teams
According to a report by the Financial Times on December 5, Marc Andreessen, founder of venture capital firm a16z, will assist Musk in recruiting senior talent for the newly established "Department of Government Efficiency" (DOGE). Although Andreessen does not have an official position, he plays an important role in screening and recommending executives. He has previously invested hundreds of millions of dollars in Musk's projects such as xAI and SpaceX, and supported Musk's $44 billion acquisition of the X platform. l The truth about the DeSci project is revealed: the phenomenon of fake scientific research has caused industry reflection
3. Hot topic narrative
Dragonfly partner recently discussed several hot topics, including the current status of the DeSci project. He questioned the DeSci project, saying that some DeSci (decentralized science) projects were criticized as "pretending to be scientific research." This shows that in this field, some projects may not really promote scientific research, but use the name of scientific research for commercial operations. This phenomenon has triggered extensive discussions on the authenticity and effectiveness of the DeSci project, calling for deeper reflection and improvement in the industry.
2. Attention Value-Hot Projects
1. Project Introduction
l $CONAN | meme | @weloveconan
- $CONAN represents a dog named Conan who bit a neighbor in Burbank and was returned to its owner under certain conditions rather than being euthanized, despite a judge confirming the dog's aggressive nature.
- Be entertained on X for a lively discussion about animal welfare, government intervention, and individual autonomy.
- Supporters used $CONAN to commemorate the dog that was successfully saved from euthanasia, and also conveyed the belief of fighting for animal rights, becoming an important symbol of saving lives and advocating for individual rights.
- At 6 a.m. on December 4, the market value of $CONAN suddenly increased fivefold, reaching a peak of $46.1 million, and then quickly pulled back to approximately $8 million. It is currently experiencing volatility.
3. Attention Value-Sector Rotation
1. Hot topics
Source: Dune, Dot Labs
Source: Dune, Dot Labs
2. Inside the plate
Source: Dune, Dot Labs
