Market Digest

The SEC rejected $SOL spot ETFs, with no new crypto ETFs expected under the current administration. BitGo launched a retail platform with a Bitcoin giveaway for U.S. users. South Korea delayed its crypto tax until 2027, with new regulations starting in 2025.

HyperLiquid is airdropping 1 billion $HYPE tokens, with 31% for early users from a past campaign. Meanwhile, Tether is discontinuing EUR₮, with holders needing to redeem by 2025. Additionally, Binance has launched BFUSD, offering daily airdrop yields and collateral for futures trading.

Citron Research is shorting $MSTR as Bitcoin hits $100K, noting a detachment from BTC fundamentals. Coinbase will delist wBTC on December 19, 2024, to promote its own cbBTC. OKX launched free, instant SGD deposits and withdrawals via DBS in Singapore.

ACT & PNUT memecoins surge as Binance and OKX list them, showing CEXs may now need memecoins to drive retail flow. OpenSea 2.0 announces UI upgrades, XP points, and a potential airdrop. Arkham launches a perpetual exchange with 0 maker fees and ARKM perks, boosting ARKM's value.

Binance and Coinbase clash over listing fee claims, with industry leaders sharing mixed experiences. Bitcoin hits a new all-time high, while Ethereum lags. Meanwhile, USDG, a yield-sharing stablecoin, enters the market, aiming to challenge established players.

HKEX is set to launch a Virtual Asset Index Series on November 15, 2024, offering benchmarks for major cryptocurrencies. OKX partners with Standard Chartered for third-party custody. Binance introduces a new wealth management platform for advisors.