Major News Headlines for Today

1. Cryptocurrency Recovers After Plunging on South Korean Presidential Martial Law Declaration
The cryptocurrency market, which had plunged last night due to the declaration of an emergency martial law by South Korean President Yoon Suk Yeol, began to recover on Dec. 4 after the lifting of the emergency martial law. President Yoon Suk Yeol said in an emergency statement at the presidential office in Yongsan at 10 p.m. on Dec. 3, "We declare an emergency martial law to protect a free Korea." President Yoon's declaration of an emergency martial law caused the Korean cryptocurrency market to face panic, and Upbit and Bithumb, Korea's major cryptocurrency exchanges, to be paralyzed. On Dec. 3, Bitcoin(BTC) plunged about 30% and recorded $66,000 on the Panic Sell of Korean investors, and Ripple(XRP) recorded $1.16. When the emergency martial law was lifted in about six hours, the cryptocurrency market began to recover, and Bitcoin and XRP recovered $95,000 and $2.5, respectively.

2. Trump Names Paul Atkins as Next SEC Chairman...Paul Atkins Hesitates to Accept
It was reported that Paul Atkins, nominated by Trump as the next chairman of the U.S. Securities and Exchange Commission(SEC), is hesitating to accept the chairmanship. CoinDesk reported on Dec. 4 that Paul Atkins is hesitating to accept the chairmanship due to the difficult tasks facing the SEC, citing the testimony of the source.

3. Tron Hits Record High Amid 90% Surge...Top 10 in Market Cap
TRON(TRX) showed a surge of more than 90% on Dec. 4, hitting an all-time high of about $0.41. Due to Tron's price surge, Tron's market capitalization has reached the 10th place in the overall cryptocurrency market capitalization ranking. Tron began to surge when the Tron network provided stable deposit and withdrawal functions under the South Korean emergency decree late at night on Dec. 3.

4. Grayscale Files for Solana Spot ETF
Grayscale turned Solana(SOL) trust fund into a Solana spot exchange-traded fund(ETF) on Dec. 3 and submitted an application for approval of Solana spot ETF to the SEC.

5. BlackRock Breaks 500,000 ETF-Managed Bitcoin...World's Largest Bitcoin Operation
BlackRock's Bitcoin spot ETF 'IBIT' recorded a net inflow of about $353 million on Dec. 3, and it was found that the number of IBIT's operating bitcoins exceeded 500,000.

6. Coinbase Gets New York State License
Coinbase acquired a license for its cryptocurrency business from the New York Financial Services Administration(NYDFS) on Dec. 3. Coinbase announced on its official blog post that it will provide its cryptocurrency trading service to New Yorkers.

권승원 기자 ksw@blockstreet.co.kr