Preface:
Bitcoin and Ethereum rose by 3.96% and 8.78% in the past 24 hours, with current prices at $96,208 and $3,632, respectively. The ETH/BTC ratio has recovered to 0.038. The Crypto Fear & Greed Index stands at 77, indicating greed.

Market Trending

Yesterday, BTC rebounded from a low of $90,800, peaked at $97,100, and is now consolidating between $96,000–$96,500. BTC is attempting a new breakthrough at the $100K mark. ETH followed BTC’s strong performance, with an intraday gain of over 8%. Altcoins are beginning to rally, with the DeFi sector leading the charge.

• DeFi Sector:
  Benefiting from market recovery and relaxed regulatory policies, tokens in this sector saw widespread gains, with major coins up 15%. ENA surpassed $0.74, a 24-hour increase of over 20%, while UNI broke past $12. Tokens like LISTA, EIGEN, and SUSHI showed significant breakthroughs.
• Meme Sector:
  Meme tokens also saw a revival, though their rebound was less pronounced compared to previous performances. DOGE broke $0.4, PEPE surpassed $0.2, and WIF climbed above $3.15. However, on-chain Meme tokens such as CLANKER, ANON, and LUM on Base Chain experienced pullbacks. The previously hyped PNUT surged before dropping. Among older Meme tokens, DOGE, SHIB, and WIF each saw declines of about 5%.
• L2 Sector:
  Boosted by ETH’s recovery, Ethereum L2 tokens like ARB, OP, and SCR saw gains of over 10%.

Spot Bitcoin ETF Flows

Yesterday, U.S. Bitcoin spot ETFs recorded a net inflow of $103M. Among them, FBTC had a net inflow of $40.24M, BITB had $48.05M, while GBTC and IBIT saw no activity.

Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is ENS, with a 24-hour increase of 50.3%.
Ethereum Name Service (ENS) was established in 2018 as a distributed, open, and scalable naming system based on Ethereum. ENS maps human-readable names to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS also supports “reverse resolution,” allowing metadata (like canonical names or interface descriptions) to be linked to Ethereum addresses. ENS serves as the governance token for the project, facilitating its transition to a decentralized autonomous organization (DAO). Currently, the project is preparing for its v2 upgrade, and alongside ETH’s recovery, ENS prices have surged. Over the past 24 hours, the token rose by over 55%, peaking at $37.
Check Out the Latest Prices, Charts, and Data of ENS/USDT Spot and ENSUSDT Perp!

The Word on the Street

Crypto advocate Paul Atkins is a leading candidate for SEC Chair.
According to reports, U.S. President-elect Trump’s transition team has interviewed Paul Atkins, a senior financial regulator and prominent conservative in the financial sector, as a candidate for SEC Chair. Sources say Atkins is the top contender to replace the outgoing Gary Gensler. Trump is expected to make a decision in the coming days, but nothing has been finalized yet.
Atkins served as an SEC commissioner during George W. Bush’s administration and later founded Patomak Global Partners, a consultancy for major financial clients. He is a staunch supporter of digital assets and fintech companies and has testified before Congress about restructuring the agency to reduce what some consider duplicative or overly burdensome regulations.

Project Funding

Blockchain payment company Partior completes $80M Series B funding with Deutsche Bank participating.
Blockchain payment company Partior has completed an $80M Series B funding round, with Deutsche Bank joining as a new investor. The funding round, initiated in July 2024, includes investors such as Peak XV Partners, JPMorgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.
Founded in 2021 with backing from DBS Bank and JPMorgan, Partior provides real-time clearing and settlement services via its blockchain platform, addressing sequential processing issues in traditional payment systems. Patricia Sullivan, Deutsche Bank’s Global Head of Institutional Cash Management, said the bank, as the largest Euro clearing house, plans to join the Partior platform to act as a Euro and USD settlement bank.