On November 30th, according to L2BEAT data, the total value locked (TVL) in the Ethereum Layer2 ecosystem has risen to $52.94 billion, an increase of 36.7% in the past 30 days. Among them, ArbitrumOne TVL is $19.32 billion, Base TVL is $11.99 billion, OPMainnet TVL is $8.32 billion, and Blast TVL is $1.6 billion.

CF40 Research Institute published an article titled "The 'Politicization' of Cryptocurrencies," which revealed that the continued penetration of the cryptocurrency industry into "money politics" has attracted widespread attention since the end of the 2024 US presidential election, which saw Trump's victory. American scholar Vitaliy Katsenelson suggested that as the market's sentiment towards the US dollar has been disturbed, the promotion of Bitcoin by the White House may shake people's trust in the US dollar as the global reserve currency, thus weakening its position. As for the current fiscal challenges, "what can truly keep the United States great is not Bitcoin, but control of debt and deficits."

According to Coinglass data, if Ethereum breaks through $3800, the cumulative short liquidation intensity of mainstream CEX will reach 769 million. Conversely, if Ethereum falls below $3600, the cumulative long liquidation intensity of mainstream CEX will reach 458 million. It should be noted that the liquidation chart does not show the exact number of contracts waiting to be liquidated, or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. Higher "liquidation bars" indicate that there will be a stronger reaction due to the liquidity wave when the price reaches that point.

the market shows that BTC has broken through $96,500 and is now reported at $96,516. The 24-hour decline is 0.65%, and the market fluctuation is large, so please be prepared for risk control.

On November 30th, Abcoin Exchange announced that the amount of Monie, its platform coin, that has been destroyed has exceeded 15 million coins. This will further enhance the scarcity and market value of Monie. By reducing the market circulation, it will bring higher potential returns to users and promote the long-term development of the platform.

As an emerging cryptocurrency trading platform, Abcoin Exchange has partnered with well-known third-party asset custody institution ChainUp to ensure the security of user assets, which has won the trust of a wide range of users. Abcoin not only provides a convenient trading experience, but also offers a variety of trading types, including spot trading, contract trading, and pledge financing, to help users achieve asset diversification and value-added, further consolidating its market competitiveness.

On November 30th Federal Reserve Chairman Powell will be interviewed at the DealBook/Summit conference by the New York Times on December 5th. The market is closely watching his comments on the pace of interest rate cuts.

Previously, the minutes of the November monetary policy meeting of the Federal Reserve showed that decision-makers generally support a cautious approach to future interest rate cuts. Federal funds futures show that the market expects interest rates to drop from the current 4.5% to 4.75% by the end of 2024 to 3.8%, an increase of more than 100 basis points from September expectations.

US stocks performed strongly this week, with the S&P index recording its largest monthly gain since November 2023. LSEG Lipper data shows that global equity funds received inflows for the ninth consecutive week, with inflows of $12.19 billion this week, a 32% increase from the previous week. Sameer Samana, senior strategist at Wells Fargo Investment Research, said the Federal Reserve has begun to question how much loose policy the economy and labor market need.

The market will focus on the upcoming non-farm employment data, and strong employment data may further weaken market expectations for a Fed rate cut. In addition, October job vacancy data and the November ADP employment report will also provide important references for judging the state of the US labor market.

DogeDesigner revealed that Musk has been attacked twice in the past 10 months. DogeDesigner stated that Musk spent $44 billion to acquire Twitter (now renamed X) to defend freedom of speech, even risking his life. If it had not been acquired, the platform may have become another media platform controlled by the US Democratic Party.

the market shows that THETA has broken through $2.5 and is currently trading at $2.51, with a 24-hour increase of 15.67%. The market is volatile, so please be prepared for risk control.

the market shows that BNB has broken through $660 and is now reported at $660.07, with a 24-hour increase of 0.91%. The market is volatile, so please be prepared for risk control.

Tether announced on the X platform that USDT on the TON Blockchain has been launched on Satoshi Tango.