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VIPBitget VIP Weekly Research InsightsMemecoins have been gaining traction in the current market cycle, consistently drawing attention and capital. Established projects are now backing Pump.fun, a token launch platform, leveraging their brand and community resources to issue memecoins, engaging new users, and unlocking fresh capital for business growth. Fueled by the memecoin buzz, ApeChain's APE token surged by over 100% in a single day, reaching a three-month high. Additionally, Yuga Labs' NFT collections have seen a long-awaited recovery. Recently, major platforms and wallets have also begun actively supporting ApeChain. As a leading team from the NFT era, ApeChain shows strong development potential.
- 00:07Amid the rise of Bitcoin and the election of Trump, the President of El Salvador has proposed for the third time this year to buy back US dollar bondsAmid the rise of Bitcoin and the results of the U.S. election, Salvadoran President Nayib Bukele has proposed for the third time this year to buy back dollar bonds. According to a statement released on Tuesday, the government proposes to repurchase a series of notes maturing from 2027 to 2034. The total principal amount outstanding of these securities exceeds $2.5 billion. The statement did not specify how the transaction would be paid. However, an informed source said that debt repurchases depend on new financing, details of which have not been announced because this information is not yet public. Data shows that since Trump won last week's US presidential election, El Salvador's debt return rate has reached 4.7%, outperforming all emerging market countries except Ukraine. Investors have long believed that Trump's second term will help Bukele win support for loans from the International Monetary Fund (IMF). Katrina Butt, an economist at New York United Bank said: "The market views El Salvador as a 'Trump trade', people expect closer personal relations between Bukele and Trump will benefit El Salvador; they are unlikely to have enough cash for such repurchases and may need to enter into market transactions for financing."
- 00:03Yesterday, GBTC had a net outflow of 17.8 million US dollars, and ETHE had a net outflow of 33.2 million US dollarsThe fund data for the US spot Bitcoin ETF and spot Ethereum ETF yesterday (November 13th) is as follows: Spot Bitcoin ETF: GBTC net outflow of 17.8 million USD, BTC net inflow of 15.1 million USD. Spot Ethereum ETF: ETHW net inflow of 17 million USD, CETH net inflow of 2 million USD, ETHE net outflow of 33.2 million USD, ETH net inflow of 12.7 million USD.
- 2024/11/12 23:59Overview of Key Overnight Developments on November 1321:00-7:00 Keywords: Italy, Notabene, Scott Bessent 1. Italy limits the maximum cryptocurrency tax to 28%; 2. The Chamber of Digital Commerce urges US lawmakers to pass stablecoin legislation immediately; 3. Crypto anti-money laundering expert Notabene completes $14.5 million Series B financing; 4. Federal Reserve Governor Waller: Stablecoins must be regulated to address run risks; 5. Trump's key advisor supports former Soros Fund manager Scott Bessent for Treasury Secretary.
