BTC is now more scarce at $100K

BTC is now more scarce at $100K

Hot projects + Market overview

I. Mainstream exchange news

  • Coinbase has listed the MOG Coin (MOG) and Movement (MOVE) tokens and has added Gigachad (GIGA) and Turbo (TURBO) to its roadmap.
  • Bybit has launched the HYPE/USDT perpetual contract.
  • Binance has listed KAIA/USDT and AERO/USDT perpetual contracts with up to 75x leverage. On December 6, Binance will delist the NOT/BNB and RDNT/BTC spot trading pairs.
  • OKX has launched pre-market trading for the Hyperliquid (HYPE) token and listed the Movement Network (MOVE) token for spot trading.

II. Mainstream projects and trending events

  • Robinhood, a financial services company, will expand into the Asian market by 2025, with headquarters in Singapore. The nominal cryptocurrency trading volume of Robinhood exceeded $30 billion in November.
  • Lumoz, a leading modular computing layer, and RaaS (Render-as-a-Service) platform, has airdropped esMOZ to the UXLINK community, and the airdrop inquiry is opened.
  • Uniswap Labs has partnered with Fireblocks to provide decentralized finance services for institutional users.
  • Ripple, a digital payment network and protocol, is syncing with the New York Department of Financial Services (NYDFS) for the final approval of the RLUSD token.
  • The Chairman of the US Federal Reserve, Jerome Powell, has stated that Bitcoin's competitor is gold, not the dollar.
  • Trading robot Banana Gun has supported Virtuals bonding transactions, as its EVM robot has built-in cross-chain with Base.
  • Circle's subsidiary has become the first stablecoin issuer to meet Canada's new listing rules.
  • Magic Eden, a multi-chain NFT marketplace, has opened its airdrop query page.
  • Decentralized prediction market Polymarket has become accessible on the modular blockchain Eclipse.
  • According to Bloomberg, Russian President Vladimir Putin has stated that Bitcoin and digital assets are expected to continue developing.
  • Elon Musk has responded to a tweet on the theme of a "frog MEME concept map" on social media, accompanied by a laughing emoji.

III. Funding news

  • DeFi.app has completed a $2 million seed round led by Mechanism Capital. DeFi.app is also planning to allocate at least 20% of the token supply for community distribution.
  • Digital asset and card management platform Interlace has completed a $10 million B1 funding round led by Bitrock Capital.
  • Union, a Connector of Blockchains, has completed a $12 million Series A round led by Gumi Cryptos Capital.

IV. Regulatory news

  • Indian authorities have revealed $97 million in tax evasion by crypto exchanges, including Binance and WazirX.
  • The Australian Securities and Investments Commission has released a consultation paper on digital assets, with plans to publish the final version by mid-2025.

V. Popular projects 

Market overview

Bitcoin has reached a new peak of $104,088, and its market dominance has risen from 54.78% to 57.12%.

According to Coinglass, as Bitcoin's price increases, the number of BTC held in exchanges has continued to drop, now totaling only 2.2447 million BTC.

This scenario suggests a scarcity effect where fewer available bitcoins might drive prices higher if demand remains steady or increases, leading to potential sharp price movements or increased volatility.

FUL: DeFi platform on Cronos chain 

Fulcrom Finance is a DeFi platform on the Cronos blockchain featuring lending, DEX, and earning functionalities.

It has handled a total token trading volume of $4.29 billion, with an open position value of $4.1 million.

The FUL token's market cap currently stands at $40.5 million.

SD: Staking for high returns

 Stader (SD) is an unmanaged staking platform that simplifies access to staking solutions, maximizing returns with a TVL of $780 million and cumulative earnings exceeding $25 million. 

Following a strategic token burn from 150 million to 120 million, SD was included in Coinbase's listing roadmap on July 10.

Staking in the SD Utility Pool offers an annual return above 14%, with a commitment to buy back tokens using 20% of quarterly earnings.

After the token listing on Upbit of related LSD projects like PUFFER and SWELL, SD's market value rose to $86.82 million.

SKI: Viral meme dog

SKI features the "Ski Mask Dog," a dog with a mask, popular across various short video platforms for its strong online presence.

This Base memecoin has achieved $2.8 million in on-chain liquidity with a market cap of $250 million.

SNT: Popular in South Korea

Status, an Ethereum-based client application, serves as a communication app with integrated wallet and DApp browser capabilities.

It allows users within the Ethereum decentralized protocol to exchange encrypted messages, interact with smart contracts, and transact in digital currencies.

 The SNT token has a market cap of $268 million.

GIGA: Rising meme on Solana

GIGA is a memecoin on Solana, inspired by a photo of Russian bodybuilder Ernest Khalimov, known as "gigachad" for his ideal physique and jawline.

The token recently launched on Coinbase and has a market cap of $472 million with $6.6 million in on-chain liquidity.

On-chain daily

1. VOIDVOID is a memecoin on the Solana network, introduced by Sotheby’s Vice President Michael Bouhanna. Following the success of Ban, VOID has gained attention in the crypto market.

2. M3M3M3M3 is a memecoin on the Solana network, issued by the decentralized exchange Meteora, emphasizing staking rewards for holders.

3. CHIDOCHIDO is a memecoin on the Base network, conceptualized as the "Chinese Doge" and now fully managed by the community (CTO).

4. TSOTCHKETSOTCHKE is a memecoin on the Solana network, branded as the "Quantum AI Coin," aiming to integrate physics and AI for collaborative applications.

5. MEOWMEOW is a memecoin on the Solana network to build a community of cat enthusiasts. It is now fully managed by the community (CTO).

6. SKISKI is a memecoin on the Base network, featuring the Ski Mask Dog, a widely circulated image across short video platforms. The coin gained additional attention when US Congressman Michael Collins was reported to have traded it. It is now fully managed by the community (CTO).

This token has been shared by WOO X Research before. It was included in our April 23 report at a market cap of $17.3M.

Bitcoin ecosystem overview

BTC Mainnet Gas Fee Update:

  • The current BTC transaction fee is 4 satoshis/byte. 
  • The price trend remains consistently low, with overall stability.

Fractal Bitcoin Gas Fee Update:

  • Transaction fees are now 2 satoshis/byte. 
  • Gas fees have slightly recovered but remain relatively weak in trend.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:

  • Current Price: $45.09
  • 24-Hour Change: -5.54%
  • Market Cap: $947.47 million

DOG:

  • Current Price: $0.0067
  • 24-Hour Change: -3.02%
  • Market Cap: $671.42 million

FB:

  • Current Price: $6.03
  • 24-Hour Change: -1.14%
  • Market Cap: $44.66 million

Today's Popular Projects:

MoonCats: A fractal Bitcoin inscription project featuring "MoonCats" with a large community.

  • Market Cap: $834.37K
  • 24-Hour Trading Volume: $539.26
  • 24-Hour Change: -1.74%
  • Number of Holders: 31,477

𝛑: One of the leading inscription projects.

  • Market Cap: $678.94 million
  • 24-Hour Trading Volume: $270.36K
  • 24-Hour Change: +1.93%
  • Number of Holders: 45,206

BILLION•DOLLAR•CAT: A rune project featuring the "Million Dollar Cat," with a large community base.

  • Market Cap: $110.34 million
  • 24-Hour Trading Volume: $176.85K
  • 24-Hour Change: +2.93%
  • Number of Holders: 13,976

Performances of today's top three tracks

GameFi: Overall Daily Sector Change: +3.25%

1. WILD: Wilder World is an immersive 5D metaverse built on Unreal Engine and ZERO. It introduces a new dimension of reality with multiple systems aimed at creating a 5D realistic metaverse and a decentralized marketplace, the "Wilder World Metaverse Market (WWMM)."

  • Daily Increase: +60.42%
  • Current Price: $0.60894
  • Market Cap: $197.49M
  • 24-Hour Trading Volume: $9.54M

2. OL: Open Loot is an end-to-end solution for launching games with Web3 economies. It manages all NFT and token functionalities for partners while offering a seamless experience for players.

  • Daily Increase: +33.71%
  • Current Price: $0.464
  • Market Cap: $108.6M
  • 24-Hour Trading Volume: $262.44M
  • Recent Updates: OKX announced the listing of Open Loot (OL) for spot trading - 11.18

3. MYRIA: Myria is a blockchain gaming development studio and Ethereum Layer 2 solution aimed at scaling digital assets, NFTs, and blockchain gaming. It uses ZK roll-up technology to enhance its ecosystem and onboard the next generation of gamers.

  • Daily Increase: +30.32%
  • Current Price: $0.00248
  • Market Cap: $62.68M
  • 24-Hour Trading Volume: $6.01M

DeFi: Overall Daily Sector Change: +1.97%

1. VELA: Vela Exchange is a decentralized derivatives trading platform that supports trading perpetual contracts and spot with up to 30x leverage. Its architecture includes advanced charting features, synthetic assets, and trading rules like limit orders and stop-loss orders.

  • Daily Increase: +223.27%
  • Current Price: $0.0942
  • Market Cap: $1.58M
  • 24-Hour Trading Volume: $584.64K

2. SAROS: Saros Finance is a Solana-based unified DeFi product suite, featuring SarosSwap (AMM), SarosFarm, and SarosStake, with SarosSwap at the core of its ecosystem.

  • Daily Increase: +68.94%
  • Current Price: $0.00603
  • Market Cap: $15.83M
  • 24-Hour Trading Volume: $2.59M

3. DOP: Dopple Finance is a stablecoin trading protocol on the BNB Chain that offers optimal trading prices and staking rewards.

  • Daily Increase: +48.57%
  • Current Price: $0.00337
  • Market Cap: $45.41K
  • 24-Hour Trading Volume: $79.94K

RWA: Overall Daily Sector Change: +1.68%

1. XRA: AllianceBlock provides infrastructure for decentralized tokenized markets, enabling enterprises to issue, manage, and trade tokenized digital assets, including Real World Assets (RWA), in a compliant manner.

  • Daily Increase: +35.42%
  • Current Price: $0.03842
  • Market Cap: $30.4M
  • 24-Hour Trading Volume: $1.57M

2. MGT: Moongate is developing an attention asset protocol for real-world activations, transforming real-world assets and experiences into on-chain achievements to unlock exclusive rewards, access, and community features. Previously, it was an NFT ticketing and membership platform.

  • Daily Increase: +25.14%
  • Current Price: $0.0463
  • Market Cap: $7.39M
  • 24-Hour Trading Volume: $2.27M
  • Recent Updates: Moongate announced the launch of its native token MGT - 11.28

3. CPOOL: Clearpool is a decentralized capital market protocol allowing whitelisted institutions to borrow unsecured liquidity from a decentralized network of lenders. Users can propose and vote on the protocol's future direction.

  • Daily Increase: +24.33%
  • Current Price: $0.40043
  • Market Cap: $287.21M
  • 24-Hour Trading Volume: $33.71M

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

Please note that this article includes references to third-party websites and data provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

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