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OVERVIEW

The Altcoin Market Hit A New All-Time High 😱 

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

New In Three Sentences
Crypto News 📰

🔺 Avalanche’s Etna Upgrade Brings Cheaper Fees and Sovereign L1 Chains

Avalanche’s Etna Upgrade slashes C-Chain fees by 96% and introduces sovereign L1 chains, making Subnets look like yesterday’s news. Dynamic fees are rolling out to the P-Chain too, finally addressing congestion and cost concerns. With reduced barriers for validators and custom staking logic, Etna is Avalanche’s way of saying, “Build here, we’re serious.” Avalanche blog.

🚀 Great Scott: Republic Turns Private Investing into Token Factory on Sui

Republic’s Sui LaunchPad lets companies spin up utility tokens, with DeLorean’s Web3 arm kicking things off (yes, that DeLorean). It’s Republic’s first big move outside Ethereum, and they’re bringing compliance, investor access, and shiny tokens to the Sui ecosystem. You might not win a 2025 DeLorean EV, but you can still flex your utility token clout. Sui blog.

📈 Altcoins Are Trending Again, Google Says So

Google searches for "altcoins" just hit a near-record high, clocking in at 88 out of 100 on December 4—almost matching the frenzy of 2021's altcoin season. The Altcoin Season Index now sits at 89, signaling that altcoins are outperforming Bitcoin with Ethereum leading the charge past $3,800. CryptoBriefing.

🪙 Trump Taps Paul Atkins as New SEC Chair—Crypto Cheers

President-Elect Trump has nominated Paul Atkins, a long-time crypto advocate, to replace Gary Gensler as SEC Chair when Trump takes office in January. Atkins has co-chaired the Token Alliance at the Digital Chamber of Commerce and has a history of prioritizing innovation over over-regulation. Crypto bros everywhere are popping champagne, but don’t hold your breath for sweeping reforms just yet. NFTGators.

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