The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

On November 24th, Bloomberg ETF analyst Eric Balchunas took to social media and stated that there would be five physically-backed cryptocurrency ETFs commencing in the following six days. Apart from Grayscale's GDOG, there would be Grayscale and Franklin's XRP Spot ETF, Bitwise's Dogecoin ETF, and Grayscale's LINK Spot ETF. The exact figures are currently not available, but it is anticipated that more than 100 cryptocurrency ETFs will be introduced within the next six months.

On November 24th, the GreekLive researcher Adam posted on social media today and stated that there is a distinct divergence within the Chinese community regarding the market direction. The majority of traders anticipate a double dip. The $80,000 level is regarded as a neutral stance, and the market is oscillating within the range of $80,000 to $88,000. It is believed that the current rebound is approaching its end. An unusually large spread in ETH has aroused concerns, and the 1-hour MA30/MA60 has become a key technical indicator. Some traders expect a potential rebound to $3,000.

On November 24th, as monitored by LookOnChain, during the past 3 days, a new wallet address starting with "0xEFA1" was created. It spent 25 million USD1 to purchase 165.79 million WLFI tokens at a price of $0.1508 per token.

On November 24th, Bloomberg ETF analyst Eric Balchunas posted on social media today, suggesting that the first physically-backed Dogecoin ETF in the US is now operational: Grayscale's GDOG began trading today. It has a management fee of 0.35%, but the initial inflow of $1 billion or the first three months of inflows will be exempt from fees.

On November 24th, Coinbase officially announced on social media that its MON-USD trading pair is about to enter the auction mode. Customers can place limit orders and view the corresponding reference opening price. The auction mode will last for at least 10 minutes, and during this period, no trades will take place. After the auction, cross orders will be matched at the opening price. Meanwhile, the Coinbase platform is enabling the sending and receiving functions for Monad (MON).

On November 24th, Bitcoin just went through its worst week since February, plummeting by more than 30% from last month's peak. Analysts at Deutsche Bank pointed out five key factors: · Market Risk-off Sentiment - The trend of Bitcoin resembles that of high-growth technology stocks (highly correlated with the Nasdaq 100 Index), rather than being an independent "store of value" asset. · Fed Hawkish Signals - Powell warned that a December rate cut is not a certainty (although the New York Fed's Williams subsequently made dovish remarks). · Crypto Legislation Process Stalled - The progress of the Senate's "Digital Asset Market Clarity Act" has slowed down. · Institutional Funds Continuously Withdrawing - Large investors are withdrawing funds. · Long-term Holders Taking Profits - Early holders are cashing out their gains.