We believe that the market has largely re-evaluated SOL's valuation relative to ETH, and the current fundamentals are roughly consistent with the relative valuation.

Ken Sim, the mayor of Vancouver, Canada, announced that the city plans to include Bitcoin in its balance sheet as part of its investment diversification efforts. At the Vancouver City Council meeting on November 26, Sim submitted a notice of motion that he intends to introduce on December 11, titled "Maintaining the city's purchasing power through diversification of financial resources: Building a Bitcoin-friendly city." As of November 27, the motion does not appear to have been published on the city government's website.

Rushi Manche, co-founder of Movement Labs, publicly accused the Scroll team of many problems on the X platform, including: 1. After years of community involvement, they launched a predatory incentive plan that ultimately passed the burden on to ordinary investors. 2. The team had been selling secondary market share for several years before going online. 3. The rest of the team was forced to buy at a valuation of $1.8 billion, while senior leaders were selling at the same time. 4. The Scroll team directly distributed the airdrop to their own wallets and then cashed out. 5. The most predatory token economic model was designed with the goal of harming every community member.

President-elect Donald Trump's transition team has interviewed Paul Atkins, a senior financial regulator and a think tank behind the conservative financial community, as a candidate for the chairman of the U.S. Securities and Exchange Commission, according to people familiar with the matter. Atkins is one of the strongest contenders to succeed outgoing SEC Chairman Gary Gensler. Trump is expected to make a choice in the next few days, but has not yet made a decision.

On November 23rd local time, President-elect Trump announced the nomination of Brooke Rollins as Secretary of Agriculture. So far, all the cabinet ministers of Trump's new administration have been confirmed. In addition, Trump has nominated several high-level officials in the past few weeks. Judging from the list of the new government, in addition to Musk, Howard Lutnick and other well-known names in the crypto market, many cabinet officials are firm supporters of cryptocurrencies and have publicly disclosed their cryptocurrency holdings, including the nominated vice president, secretary of the treasury, secretary of commerce, secretary of health and human services, director of national intelligence, etc.

In the field of cryptocurrency investment, crypto investment sharing communities have become one of the important channels for investors to obtain information. They often follow group owners (such as KOLs) through social media and join the Web3 investment groups they create to get the latest cryptocurrency trends and investment analysis in a timely manner. However, many of these communities have set a high entry fee. Therefore, a new cryptocurrency information sharing model, the "paid information transfer group", came into being - with only a very low entry fee, users can join the group to obtain high-quality crypto investment information transferred by the group owner. It seems that there is nothing wrong with the operation of transferring information. But in fact, as a group owner, there are many legal compliance matters that need to be paid attention to.

Coinbase has been authorized by the New York State Department of Financial Services (NYDFS) to engage in virtual currency business activities.

Perhaps influenced by this news, the U.S. stock market (SOS) surged 47.19% at the opening.

According to the official announcement, Tether announced that it will stop supporting its euro stablecoin EUR₮ and will stop processing new minting requests in 2022. Existing EUR₮ users must complete the redemption operation before November 27, 2025.

November 27, 2024 22:30 (GMT+8): MORPHOUSDT perpetual contract; November 27, 2024 22:45 (GMT+8): CHILLGUYUSDT perpetual contract.

Partior, a blockchain-based real-time clearing and settlement fintech company, plans to expand its cross-border settlement capabilities and develop features such as instant foreign exchange swaps and multi-bank payments with the support of Deutsche Bank. Deutsche Bank will join its platform as a euro and dollar settlement bank and strengthen the capabilities of its recently launched dbX cross-border payment ecosystem.

With strategic investment from Binance in September, OpenEden has taken an innovative path in the RWA field. It focuses on the U.S. Treasury bond on-chain and opens up new paths for investors. Its product OpenEden TBill Vault allows USDC holders to easily participate in U.S. Treasury bond investment; with the support of Moody's "A" rating, the TVL exceeds 125 million US dollars and attracts many institutional clients. How it will shine in the RWA market after Binance's investment is worthy of investors' attention.

Whether you have been in the industry for the past few years or not, you may have overlooked that cryptocurrency is actually becoming a consumer product. It creates a new medium that allows people to consume in the era of the dopamine economy where attention is fragmented and its value is somewhat fleeting.