📅 2025.12.04 Crypto Market Review: Regulatory Shift, Old Trees Blooming 🧵

🔥 Market and Macro

The SEC welcomes a 'familiar face', Paul Atkins has been nominated by Trump as the crypto-friendly candidate to take over as SEC Chairman. The Gensler era has come to a complete end, and the market expects a shift in regulation from 'enforcement' to 'support'. This is the biggest fundamental positive today, directly igniting the long-established tokens led by XRP.

BTC ignores the bad news; it firmly stands at $97,000. The panic selling caused by last night's Korean martial law (BTC briefly dropped below $90k) was quickly digested. Institutional funds seized the opportunity to accumulate, and BTC rapidly regained lost ground, standing above $97k, just a step away from the $100,000 mark. This proves that in a bull market, 'sharp declines are just giving away money'.

Putin openly supports Bitcoin Putin publicly stated at the Moscow Investment Forum: 'No one can ban Bitcoin', calling it an effective substitute for the dollar. The endorsement from a major world leader adds geopolitical backing to Bitcoin's 'digital gold' status.

🌏 Chinese & Asian Focus

Korean 'Martial Law' farce and Brick Moving Myth Last night, South Korean President Yoon Suk-yeol's '6-hour martial law' led to an epic crash on Upbit, with BTC/KRW even experiencing severe negative premiums. Although the farce has ended, this wave of 'picking up blood tickets' has made many in the Chinese-speaking area wealthy overnight.

Justin Sun and TRX reach new historical highs In recent days, Justin Sun not only caught the political spotlight but TRX has also performed remarkably, approaching its historical peak. He shouted on Twitter 'TRX $20', and while it sounds like a fairy tale, assets from the Tron ecosystem (TRX, BTT, SUN) are indeed attracting funds.

Hong Kong Concepts and Capital Repatriation With fluctuations in the RMB exchange rate and A-share volatility, some funds are flowing back into the crypto market through USDT premiums. Although it is not as lively as in Korea, the purchasing power of the Chinese-speaking community is quietly recovering.

🚀 Sector Rotation

The resurrection of 'Old Mainstream' (Dino Coins) affected by the SEC's leadership change led to a collective uprising of the long-suppressed 'old securities coins'. XRP led the rise, with ADA, ALGO, EOS, and other old coins from 2017/2021 following suit. The logic of funds is simple: regulatory easing = value reassessment.

#Bitcoin #XRP #HYPE #Crypto #Web3