📁 What Happened in the Cryptocurrency Market This Week?

The cryptocurrency market continues to surprise with record-breaking achievements, new initiatives, and high-profile announcements.

Let’s dive into the key events of the week that could influence future dynamics.

1️⃣ Bitcoin Hits $99,000

This week, Bitcoin set a new all-time high, surpassing $99,000. The current price is $98,696, reflecting a 1.44% increase over the past 24 hours.

2️⃣ Gary Gensler to Step Down from SEC

SEC Chair Gary Gensler has announced his resignation, effective January 20, 2025. This move could impact the future of cryptocurrency regulation in the U.S.

3️⃣ Chinese Regulator Dismissed Over Crypto Corruption

Former director Yao Qian has been expelled from the Communist Party and removed from his position due to misconduct in the crypto sector. He is now under investigation.

4️⃣ Bitcoin ETF Options Set to Launch

SEC-approved options for iShares Bitcoin Trust are scheduled to hit the market on November 19. This development could attract more institutional investors to the space.

5️⃣ Trump’s Team Considers a Crypto-Focused Position

Trump’s team is discussing the creation of a role dedicated to cryptocurrency policy. A meeting with Coinbase CEO Brian Armstrong is planned to address key regulatory issues.

6️⃣ Robert F. Kennedy Jr.: “Most of My Wealth is in Bitcoin”

The former U.S. presidential candidate revealed that the majority of his assets are in BTC, calling it a “currency of freedom.”

7️⃣ CZ on Strategic Bitcoin Reserves

Changpeng Zhao predicted that countries will soon race to include Bitcoin in their strategic reserves, emphasizing that “no one wants to be the last.”

8️⃣ MicroStrategy Increases BTC Holdings

The company acquired 51,780 BTC for $4.6 billion, bringing its total holdings to 331,200 BTC.

9️⃣ Memes Are Back in the Spotlight

Meme tokens are dominating the market. FLOKI was listed on Coinbase, and Upbit launched a trading market for BONK. Meanwhile, DWF Labs allocated $20 million to support meme projects, further fueling this trend.

✅ Takeaway:

The cryptocurrency market remains highly active, from record-breaking prices to significant institutional developments.

These events highlight the growing importance of crypto assets in the global economy.

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🐶 From DOGE to SAND: South Korea’s New Crypto Market Leaders

South Korean traders are back in action, fueled by Donald Trump’s victory in the U.S. elections.

Despite the Terra/Luna crash of 2022, which might have made the market cautious, it seems to be reigniting.

📈 Retail Reawakens

On South Korea’s largest exchange, Upbit, trading volumes have soared 11-fold, reaching $14.3 billion since the November 5 election.

◽️ DOGE, XRP, and XLM are the most traded assets.

◽️ Pairs DOGE/KRW, XRP/KRW, and XLM/KRW lead the way, accounting for 19% of Sunday’s trading volume.

Token growth this month:

◽️ DOGE: +164%
◽️ XRP: +188%
◽️ XLM: +463%

While these altcoins haven’t reached their 2021 peaks, their momentum is drawing attention.

💡 Bitcoin Losing Dominance

Since the election, Bitcoin’s dominance as the most traded asset has given way to altcoins.

While BTC is trading near its record high of $100,000 (+40% for the month), interest has shifted toward "cheaper" tokens.

💻 A New Pivot: Metaverse and SAND

South Koreans are turning their attention to the metaverse sector. SAND is showing significant growth for the first time in three years:

◽️ SAND/KRW: $2 billion in daily volume (14% of Upbit’s total).

◽️ Growth this month: +200%, reaching $0.76 (still far from its $8.49 peak in 2021).

🪙 What Does This Mean?

The South Korean market is once again becoming a catalyst for crypto asset growth.

Interest in the metaverse could signal the start of a new wave of activity.

The last time tokens like SAND and other gaming and metaverse assets rallied, it marked the final phase of the 2021 bull market.

Stay tuned for volume shifts and trends — altcoins might be taking the lead again.

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📁 What’s New in the World of Cryptocurrency Last Week?

The crypto market continues to surprise us with major events and exciting initiatives!

Here’s a quick rundown of the key news that could shape the industry’s future:

1️⃣ U.S. Economy: Q3 GDP Growth at 2.8%

The American economy shows steady growth, but the Core PCE Price Index fell short of expectations at just 2.1%. This could influence monetary policy and interest in digital assets.

2️⃣ New Crypto Regulation Initiative in the U.S.

The Trump administration proposes expanding the CFTC’s authority to oversee cryptocurrencies, including Bitcoin and Ethereum, reducing the SEC’s influence.

3️⃣ Confiscation of Mining Equipment in the U.S.

U.S. customs authorities have detained shipments of Bitmain’s Antminer S21 and T21. The reasons remain unclear, but this has already caused significant disruptions for some miners.

4️⃣ Court Challenges Sanctions on Tornado Cash

An appeals court ruled that sanctions on Tornado Cash’s immutable smart contracts exceeded the Treasury’s authority.

5️⃣ Brazil Proposes Bitcoin Reserve

A bill to include Bitcoin in the country’s strategic reserves is gaining traction.

6️⃣ Blockchain and AI Integration

CZ from Binance highlighted the importance of combining blockchain and artificial intelligence for new financial and social solutions.

7️⃣ Kraken Shutting Down NFT Marketplace

The crypto exchange announced it would close its NFT platform by February 2025 to focus on new projects.

8️⃣ ZA Bank in Hong Kong Launches Crypto Trading

Users can now buy and sell Bitcoin and Ethereum directly through the mobile app using USD or HKD.

9️⃣ Altcoin ETF Approvals Delayed

According to analysts, decisions on ETFs for SOL, XRP, and other altcoins are unlikely before late 2025.

1️⃣0️⃣ The Concept of a “World Computer”

Experts introduced the idea of a decentralized platform for collaboration, supporting DeFi, stablecoins, and social networks.

✅ Conclusion:

The crypto market continues to grow despite challenges. Initiatives in regulation, innovation, and the global economy are setting the direction for the future.

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📊 November Results: Decline in Deals and Investment Volume

November marked a month of decline in both the number of deals and the total investment volume.

According to RootData, 86 projects were announced, which is 13% less than in October (95), 8.5% less than in November last year (94).

📊 Sector Breakdown

Investments in November were distributed as follows:

▪️ CeFi — 8%
▪️ DeFi — 27%
▪️ NFT/GameFi — 19%
▪️ L1/L2 — 16%
▪️ RWA/DePIN — 9%
▪️ Tools and Wallets — 5%
▪️ Artificial Intelligence — 15%

📊 Decline in Funding Volume

The total funding amount for November was $450 million.

This is a 43.8% decrease compared to October ($780 million) and a 65.1% decrease compared to November 2023 ($1.29 billion)

Top-3 Deals of the Month:

1️⃣ USDX.Money — $45 million. Development of a stablecoin with a $275 million valuation.

2️⃣ 0G Labs — $35 million. Modular AI blockchain infrastructure.

3️⃣ Monkey Tilt — $30 million. Sports prediction platform.

📊 What’s Next?

While there has been a decline in investment volumes, interest in DeFi, AI, and L2 projects remains strong.

Which projects will succeed in the current market in December?

We are watching new investments and developments closely.

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💸 Why 21 Million Bitcoins Will Never Be Mined

Many believe that the total number of bitcoins will reach exactly 21 million in the future.

But this is a myth based on a mistake. Let's understand why...

🧮 How Satoshi Calculated the Number "21 Million"

The calculation is based on Bitcoin's deflationary protocol, which determines the block reward. Here's how it works:

1️⃣ Calculate the number of blocks in one cycle (4 years):

6 blocks per hour
× 24 hours per day
× 365 days per year
× 4 years per cycle
= 210,240 (rounded to 210,000).

2️⃣ Total sum of all block rewards:

Initial reward: 50 BTC per block.
After the first halving: 25 BTC, then 12.5 BTC, and so on.

Total sum of all rewards:
50 + 25 + 12.5 + 6.25 + 3.125 + 1.5625 = 100 BTC.

3️⃣ Total number of bitcoins:

Multiply the rewards by the number of blocks:

210,000 × 100 = 21,000,000 BTC.

🥇 Why Did Satoshi Choose 21 Million?

Triangular Number: Triangular numbers simplify calculations and ensure the stability of issuance.

Deflationary Protocol: The block reward decreases every 210,000 blocks. On average, halving occurs every 4 years.

Gold Standard: Satoshi compared Bitcoin to gold. Throughout history, about 174,100 tons of gold have been mined (as of 2012).

The number is equivalent to a gold cube with a side of 21 meters—a symbolic coincidence with Bitcoin's limit.

❔ Why Not 21 Million?

In reality, a maximum of 20,999,999.9796 BTC will be mined.

The main reason is the rounding feature when dividing Bitcoin into 8 decimal places.

Block rewards cannot be divided infinitely, so with each halving (reducing the block reward by half), there is a technical decrease in the total amount that will be mined.

📺 The End...

The last block that will bring coins will be number 6,929,999.

It is expected to be created in 2140, and the block reward will be less than 1 satoshi.

One can say that some things will never happen:

⚪️ The sun will not rise in the west
⚪️ Parallel lines will not intersect
⚪️ 21 million bitcoins will not be reached 😉

Bitcoin remains a rare asset, where scarcity through halving and demand create stability and value 👍

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🖥 Crypto Investment Market: $1.05bn Inflows in a Week!

Last week, crypto funds saw impressive growth with $1.05bn in investments, marking the third consecutive week of positive flows.

Total inflows for the year hit a record $14.9bn.

📊 Key Facts:

✅ Bitcoin remains the top beneficiary with $1.01bn in weekly inflows.

✅ Ethereum attracted $36m, its best result since March, likely due to anticipation of ETH ETFs launching in the US.

✅ Among altcoins, Solana leads with $8m in inflows.

❌ Short Bitcoin suffered outflows of $4.3m, signaling growing positive sentiment in the market.

🌐 Regional Focus:

✅ The majority of inflows were in the US — $1.03bn.

✅ Europe: Germany (+$48m), Switzerland (+$30m).

❌ Hong Kong: continued outflows of $29m, despite a strong start for spot-based ETFs.

📈 Market Figures:

Total digital assets under management (AuM) reached $98.5bn.

ETP trading volumes rose by 28% to $13.6bn.

💡 What’s Next?

Investors remain optimistic amid dovish signals from the Fed and recent price rallies.

The crypto sector continues to show resilience and attract global capital.

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