5 must-read articles for the evening | The future trend of the U.S. crypto market and regulatory landscape

Reprinted from jinse
12/16/2024·6M1. OpenSea Foundation is established: NFT market recovery and airdrop
Nuggets season is coming
Recently, TheBlock co-founder Mike Dudas posted on social media to reveal that OpenSea has registered a foundation in the Cayman Islands. Waleswoosh, an anonymous researcher of the Azuki NFT series, also posted a screenshot of OpenSea’s registration in the Cayman Islands. Normally, Web3 project registration foundations are preparing for the issuance of tokens. This move has triggered speculation about the upcoming launch of tokens and user airdrops. However, OpenSea still faces regulatory enforcement by the SEC, making its currency issuance prospects full of uncertainty. In addition, OpenSea previously adopted a traditional financing model, which also limited its currency issuance process to a certain extent. However, facing the incentive competition from platforms such as Blur and Rarible, it is difficult to gather liquidity without a points system. It is expected that OpenSea will launch a relatively compromise solution to benefit users. Click to read
2.Grayscale: 7 indicators to see where this bull market has gone
From a historical perspective, cryptocurrencies exhibit a clear four-year cycle, going through successive phases of price increases and decreases. Grayscale Research believes that investors can monitor a variety of blockchain-based indicators and other measurements to track crypto cycles and provide a basis for risk management decisions. Click to read
3. BTC’s last Mega cycle theory of Bitcoin value and price
In the macro field, the value of BTC is analogous to bonds and stocks in financial history. It is the "fuel" for a new round of development of human science and technology; in the meso field, it is the currency and index of the digital world that humans will inevitably enter in the future; in the micro field, it is A new round of legal supervision has been implemented and currency issuance has been compliant, thereby siphoning private investment demand around the world. Click to read
4. Has Ethereum’s ecological fundamentals really changed as it returns to
$4,000?
After the bull market correction phase in the past few days, the price of ETH once again stood at $3,900. Looking back on the development of Ethereum over the past year, there are many complex factors and emotions. On the one hand, the Cancun upgrade was successfully completed, the spot ETF was officially approved, and the technology and fundamentals have ushered in a new bull market; but on the other hand, as Bitcoin , SOL, and BNB have successively exceeded all-time highs, and the price of ETH is still hovering at the $4,000 mark. Click to read
5.Galaxy Research Director: The future trend of the US encryption market
and regulatory landscape
Bitcoin is the biggest winner of the election so far. Bitcoin, the world's oldest and largest cryptocurrency, is up 40% since November 5, and there's reason to believe there's more gains to come. Other crypto assets will also benefit. Investors anticipate a shift in the SEC’s attitude toward digital assets, and many have written about how a relaxation or rollback of the SEC’s classification of crypto assets as securities would support the crypto market and stakeholders. Click to read