Wu's Daily Selection of Cryptocurrency News - Binance's 2024 Cryptocurrency Inflows Reach $21.60 Billion, Surpassing the Total of Ranks 2 to 11 Combined

1. Binance's cryptocurrency inflows reach $21.60 billion in 2024

Binance's cryptocurrency inflows in 2024 amount to $21.60 billion, while the total inflow from the 10 centralized exchanges ranked second to eleventh is $15.90 billion. Bybit is in second place with inflows of $7.47 billion, and OKX ranks third with inflows of $4.37 billion.

2. U.S. November ADP employment figure at 146,000, the smallest increase since August 2024

The U.S. November ADP employment figure stands at 146,000, which is the smallest increase since August 2024. The forecast was 150,000, and the previous value was revised from 233,000 to 184,000.

3. Bank of England Governor: UK expected to cut interest rates four times next year

Bank of England Governor Andrew Bailey stated that policymakers still believe that cutting interest rates four times (by 25 basis points each time) next year is the most likely scenario. He mentioned that the pace of inflation decline is "faster than we expected." In an interview recorded for the Financial Times Global Boardroom event on Monday, Bailey acknowledged that the market path in the Bank of England's November forecast was based on four rate cuts, which would indeed bring inflation down to the bank's 2% target level.

4. QCP: Trump's proposal to eliminate capital gains tax on U.S. companies issuing tokens sparks enthusiasm in the altcoin market

QCP analysis points out that well-established cryptocurrencies that have existed since 2021 have shown remarkable gains in the past two weeks. $XRP broke through its historical high of $2 from 2021, rising 400% since November to a peak of $2.90. Other established cryptocurrencies like $ADA, HBAR, and $XLM have seen increases of 300%, 800%, and 600%, respectively. This surge is primarily driven by two factors: first, Trump's proposal in November to eliminate the capital gains tax on U.S. companies issuing cryptocurrency; second, potential cabinet nominees supportive of cryptocurrency. Current Cantor Fitzgerald CEO Howard Lutnick is likely to be appointed as Secretary of Commerce, as his company is currently negotiating with Tether. Additionally, the position of SEC Chairman may be taken over by Paul Atkins, who supports cryptocurrency. The report notes that while inflation concerns have compressed the 2025 Federal Reserve rate cut expectations to three cuts, and geopolitical risks remain from Trump concerning China, Mexico, Canada, and BRICS countries, the cryptocurrency market is still expected to continue its upward trend.

5. Forbes' previously selected "zombie tokens" see significant price increases recently

Forbes' previously selected "zombie tokens" have seen significant price increases recently, sparking ridicule from the community. In March of this year, Forbes listed 20 "zombie tokens" in the current crypto space with a market cap exceeding $1 billion, including: $XRP, $ADA, BCH, LTC, ICP, ETC, $XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, and EOS. Forbes defines "zombie tokens" as assets that have little utility aside from speculative cryptocurrency trading.

6. South Korean National Assembly passes resolution to lift martial law

The Speaker's office stated that after the resolution to lift martial law was passed, the declaration of martial law became invalid. According to CCTV News, the head of the South Korean presidential office and the chief secretary collectively resigned. South Korea's largest opposition party, the Democratic Party of Korea, stated that it is pushing for the impeachment of President Yoon Suk-yeol, and it is expected that the drafting of documents to initiate impeachment will be completed today. On the 4th, the Democratic Party announced that they would accuse President Yoon Suk-yeol, Defense Minister Kim Dong-kyun, and Minister of Interior and Safety Lee Sang-min of treason, and proceed with impeachment. The party's chief spokesperson, Cho Sung-rae, announced the decision at a press conference, adding that the Democratic Party would also file treason charges against the martial law commander and the chief of police, as this is "an incident of treason known to the entire nation," and the investigation agencies should immediately start an investigation to bring the relevant personnel to legal trial.