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Cryptocurrency Circle Early Insights December 10

- Wall Street expects a tightening of liquidity at the end of the year, and the Federal Reserve may signal a rebuilding of liquidity at this week's meeting. The market is generally focused on whether it will resume purchasing securities to alleviate the pressure from declining reserves.
- The Japanese Financial Services Agency has made it clear that it will not relax the overseas cryptocurrency ETF linked to CFDs until it approves a cryptocurrency ETF, as regulators deem the risk disclosure insufficient, prompting IG Securities to actively delist related products.
- Standard Chartered Bank assesses that the Bitcoin halving cycle every four years is no longer applicable, as the influx of institutional funds is causing a significant deviation in market rhythm from traditional models.

Now, let's take a look at market hotspots:
- Yesterday, the net outflow of Bitcoin spot ETFs in the U.S. was $60.4 million, while the net inflow of Ethereum spot ETFs was $35.5 million. The fear and greed index yesterday was 25!
- Bitwise CIO predicts that the cryptocurrency market cap may grow to 10–20 times its current size in the next decade, with index funds seen as a core allocation method to cover long-term industry expansion.
- International spot silver has first broken through $60/oz, with strong intraday gains, and has risen more than 108% year-to-date.

Finally, let's look at industry dynamics:
- Circle has obtained a financial services license from the Abu Dhabi Global Market and will enter the local market as a currency service provider, with a former Visa executive taking over the Middle East and Africa business layout.
- Members of the Johor royal family in Malaysia have launched the Malaysian ringgit stablecoin RMJDT, aiming to build local cryptocurrency payment infrastructure.

Today's summary:
A big bullish candle, a thousand troops come to meet, after more than a week of volatility, the market's buying interest has clearly rebounded. After likely breaking $100,000 within two days, the market has weakened again, so everyone pay attention to position management!

I am the host Mark, this is "Cryptocurrency Circle Early Insights", see you tomorrow!

Crypto Circle Early Insights December 9

- Trump released the national security strategy, mentioning nothing about cryptocurrencies. The new strategy focuses the core of national technological competitiveness on AI and quantum computing, deliberately downplaying the topic of cryptocurrency to maintain policy flexibility.
- Argentina may allow banks to provide cryptocurrency services, as long-term domestic inflation and high cryptocurrency usage rates have forced the central bank to consider a realistic reform from a "total ban" to "regulated inclusion."

Now let's take a look at market highlights:
- Yesterday's Fear and Greed Index was 24!
- Strategy bought another 10,624 bitcoins for $960 million, continuing its strategy of buying the dip, bringing total holdings to 660,000 BTC.
- Harvard University increased its bitcoin holdings to $443 million, believing that BTC has greater long-term appreciation potential compared to gold, resulting in an allocation ratio directly increased to twice that of gold.
- Bybit and Circle reached a strategic cooperation agreement to jointly build liquidity for USDC trading and payments, with Bybit participating in the Circle Arc to advance stablecoin infrastructure.

Finally, let's look at industry dynamics:
- Binance has obtained complete regulatory approval from the Abu Dhabi Global Market. The platform will migrate to ADGM's three-entity structure, separating trading, clearing, and custody to meet stricter international regulatory standards.
- Ondo Finance announced that the SEC has concluded a multi-year investigation without filing charges, validating that its RWA tokenization model complies with securities rules, leading to a slight increase in ONDO's price.

Today's Summary:
Bitcoin has stabilized above $90,000, and is expected to challenge $100,000 before this week's interest rate cut, with the market likely to welcome a critical turning point.

I am host Mark, this is "Crypto Circle Early Insights", see you tomorrow!

Crypto Circle Insights December 8

-CME data shows that the probability of the Federal Reserve cutting interest rates by 25 basis points this week is 86.2%. The interest rate decision will be announced at 0:00 AM Beijing time on December 11.
-SEC Chairman Paul Atkins stated that the U.S. financial markets may fully transition to a blockchain system in the next two years, with tokenization bringing significant improvements in transparency and risk management.
-The Director of the National Economic Council stated that unless a 'black swan' event occurs, the economy is expected to experience golden growth next year, and the Federal Reserve is very likely to cut rates next week.

Now let's look at market hotspots:
-Last week, the U.S. Bitcoin spot ETF had a net outflow of $87.7 million, and the Ethereum spot ETF saw a net outflow of $65.4 million. Today's Fear and Greed Index is 25!
-Michael Saylor has once again released Bitcoin Tracker information, which may hint at another increase in BTC holdings.
-The CEO of Strategy stated that the downward cycle will continue to execute the strategy of issuing equity and debt to increase Bitcoin holdings, and there is no issue of being unable to pay dividends.
-Jensen Huang recently stated that Bitcoin is converting and storing excess energy as a new form of currency.

Finally, let's look at industry dynamics:
-Moore Threads co-founder Li Feng has been reported to owe 1500 BTC, and he has been accused of leading the fundraising of 5000 ETH for 'Malle Go Coin' in 2017, after which his whereabouts became unclear, with the old controversy resurfacing as the company's valuation soared.
-The Solana Foundation intervened to mediate the public conflict between Kamino and Jupiter, calling for a shift of focus to expanding Solana's market share.

Today's summary:
This week is a critical week for the month; if we cannot break through $100,000 this week, the market for this month will end, officially starting a bear market for the quarter.

Crypto Circle Early Knowledge December 5

- The latest survey from the Federal Reserve shows that most economists expect a 25 basis point rate cut in December and a reduction in rates to the range of 3.25%-3.5% by early 2026, with the market having a strong consensus on the future easing path.
- The number of initial jobless claims in the U.S. has hit a two-year low, and following the announcement, the market's bet on a 25 basis point rate cut by the Federal Reserve this month has risen to 89.2%, further strengthening the expectation that "December's rate cut is a done deal."

Now let's look at market hotspots:
- Yesterday, the U.S. Bitcoin spot ETF saw a net outflow of $14.90 million, while the Ethereum spot ETF had a net inflow of $140 million. Today's Fear and Greed Index is at 27!
- JPMorgan stated that the strategy can avoid being forced to sell coins as long as the enterprise value to Bitcoin holdings ratio remains above 1, currently at 1.13.
- Argentine state-owned energy giant YPF is discussing allowing drivers to pay for gasoline and diesel with cryptocurrency.

Finally, let's look at industry dynamics:
- Vitalik congratulated the completion of the Ethereum Fusaka upgrade, stating that PeerDAS has officially enabled sharding for Ethereum, and will focus on improving stability and throughput in the next two years.
- The Ledger research team disclosed vulnerabilities in MediaTek chips that can be exploited by EMFI attacks.

Today's summary:
Whether the four-year bull-bear cycle is broken depends on this critical December: if the monthly line breaks below the 50-week moving average, it indicates the old cycle continues; if it successfully stabilizes, the bull market remains, and a new cycle may officially begin.

I am your host Mark, this is "Crypto Circle Early Knowledge," see you tomorrow!

Wake up to know the cryptocurrency market, welcome to listen to "Crypto Morning Know". Today is December 4, 2025, Thursday, good morning!

First, let's focus on the macro aspects:
- The market generally believes that the ADP and PMI data released today are unlikely to shake the Federal Reserve's expectations of a rate cut in December.
- The Financial Supervisory Commission of Taiwan stated that Taiwan's first regulated stablecoin is expected to launch as early as the end of 2026.

Next, let's look at market hotspots:
- Yesterday, the net inflow of the US Bitcoin spot ETF was 58.5 million dollars, while the net outflow of the Ethereum spot ETF was 9.9 million dollars. Today's fear and greed index is 22, indicating fear!
- The first grayscale LINK spot ETF in the US was listed, with a net inflow of 37.05 million dollars, operating under a cash subscription and redemption model, with a management fee rate of 0.35%.
- Michael Saylor stated that Strategy currently holds about 60 billion dollars in Bitcoin with low leverage, and mentioned that the US has fully shifted to support crypto assets under Trump's leadership.

Finally, let's look at industry dynamics:
- Binance appointed co-founder He Yi as the new co-CEO, jointly managing the company with Deng Yongji.
- Binance also launched Binance Junior, providing digital financial education and basic usage functions for users aged 5-17.
- WLFI co-founder announced that the project will launch RWA products in January next year, further expanding its layout of real-world assets.

Today's summary:
BTC has regained a foothold at 93,000 dollars. The expectation of a Federal Reserve rate cut in December is heating up, with a potential "dovish" successor to the chair, and the end of quantitative tightening, increasing the probability of breaking the 100,000 dollar mark next week!

I am the host Mark, this is "Crypto Morning Know", see you tomorrow!

Crypto Circle Early Knowledge December 3rd
Every morning at 8 AM, know the affairs of the crypto world!
#区块链日报

Let's first focus on the macro aspects:
- The Federal Reserve injected $13.5 billion in liquidity into the market through overnight repurchases after ending quantitative tightening, a rare large-scale operation since the pandemic, causing fluctuations in Bitcoin and MSTR stock prices.
- The Central Bank of Russia confirmed it is discussing easing crypto regulations, which may no longer limit participation to 'qualified investors' only; the circulation rules for Bitcoin and other crypto assets may also be further opened under the backdrop of restricted cross-border payments.

Now, let's look at market hotspots:
- Yesterday, the net inflow for the US Bitcoin spot ETF was $8.5 million, while the net outflow for the Ethereum spot ETF was $79 million.
- Today's Fear and Greed Index is at 16, still indicating fear!
- Zhao Changpeng stated that Bitcoin will see more historical highs in the future, but he cannot predict the exact timing.
- Elon Musk warned that the $38.3 trillion debt crisis in the US could trigger a sharp rise in Bitcoin, stating that energy is the 'real currency,' and AI development may bring deflation within three years, shaking the traditional monetary system.

Finally, let's look at industry dynamics:
- Grayscale Research predicts that Bitcoin will reach a new historical high in 2026 and believes that the new market structure dominated by institutions is gradually making the 'four-year cycle' logic ineffective.
- Bank of America has recommended that wealth management clients allocate 1%-4% to crypto assets for the first time and will officially provide Bitcoin ETF research services starting in 2026.

Today's summary:
A day in the crypto circle is equivalent to a year in the human world! Bitcoin has returned to $90,000 in just one day, and December brings expectations of quantitative easing and interest rate cuts; there are still opportunities for the market to challenge $100,000 again next week.

I am your host Mark, this is 'Crypto Circle Early Knowledge,' see you tomorrow!

Crypto Circle Early Insights December 2
Every morning at 8:00 AM, know the happenings in the crypto world!
#Blockchain Daily

First, let's focus on the macro aspect:
-Japan's two-year government bond yield rises to 1%, refreshing the post-2008 high, with the market generally betting that the Bank of Japan will raise interest rates.
-The Japanese government plans to uniformly tax cryptocurrency trading income at 20% and advance the revision of the 2026 Financial Instruments and Exchange Act to strengthen information disclosure and combat insider trading, aligning it with the same regulatory framework as stocks.
-The Central Bank of Kazakhstan stated it will selectively invest up to 300 million USD in crypto assets from its gold foreign exchange reserves, but will wait for market stabilization to enter, in order to reduce risk exposure.

Next, let's look at market hotspots:
-Today's Fear and Greed Index is 20, indicating extreme fear!
-Strategy has added about 11.7 million USD to its position with 130 bitcoins, bringing its total holdings to 650,000 bitcoins. In November, the trading volume in the crypto market fell to a nearly five-month low, with a net outflow of 3.48 billion USD from Bitcoin ETFs, reflecting a general wait-and-see approach in the market during the price decline phase.

Finally, let's look at industry dynamics:
-Ripple has obtained approval from the Monetary Authority of Singapore to expand its regulated payment business and will continue to ramp up its presence in the Asia-Pacific region while strengthening cross-border payment infrastructure aimed at institutions.
-Kalshi and Polymarket together traded nearly 10 billion USD in November, both breaking historical records, showing that the prediction market continues to heat up amid rising macro uncertainty.

Today's summary:
Bitcoin has fallen back below 85,000 USD, and sentiment has returned to the panic range of a week ago, but the volatility during the bull-bear switching period is normal. Everyone should maintain their mindset and patiently respond to market rebounds.

I am your host Mark, this is "Crypto Circle Early Insights", and we will see you tomorrow!

Crypto Market Insights December 1
Every morning at 8 AM know the happenings in the crypto world!
#Blockchain Daily

First, let's focus on the macro aspect:
-Goldman Sachs states that the Federal Reserve's interest rate cut in December is almost a foregone conclusion, driven by a weakening labor market and risk management needs forming a sufficient number of votes within the FOMC, while the market has also priced in an 85% probability of a rate cut.

Next, let's look at market hotspots:
-Last week, the total net inflow of Bitcoin spot ETFs in the US was $308.6 million, and the total net inflow of Ethereum spot ETFs was $368.3 million.
-Analysts believe that Bitcoin's current trend is highly similar to 2022, and if history repeats itself, a real recovery may occur in Q1 next year, but if macro sentiment improves by the end of the year, it could trigger the classic 'Christmas rally.'
-Arthur Hayes warns that Tether may increase its holdings of gold and Bitcoin as a hedge due to decreased interest income from betting on a rate cut, but if this combination drops by 30%, it could theoretically put USDT at risk of bankruptcy, prompting the market to demand its real-time balance sheet.
-Strategy CEO states that Bitcoin will only be sold in extreme cases where the stock price falls below net assets and new funds cannot be obtained, emphasizing that the company's debt and cash flow remain resilient even during downturns.

Finally, let's look at industry dynamics:
-Upbit announces that it will gradually restore the deposit and withdrawal functions for some assets starting this afternoon and allocate new deposit addresses for all tokens, after previously suspending related services due to the theft of $36.8 million in Solana assets.

Today's summary:
Bitcoin remains stable above $90,000; if it successfully rises above $93,000 this week, there is hope for a stronger upward trend in the latter half of the week, which may become the last opportunity to escape the peak this year.

I am your host Mark, this is 'Crypto Market Insights', see you tomorrow!

Get up early to know about the cryptocurrency world. Welcome to listen to 'Crypto Morning Know'. Today is November 30, 2025, Sunday, good morning!

First, let's pay attention to the macro aspects:
-Trump stated that the tariff policy has made the U.S. economy strong, driving the stock market and 401k to new highs, while inflation and tax burdens have decreased, calling on the Supreme Court to make a ruling favorable to the U.S.
-The People's Bank of China held a meeting emphasizing that virtual currencies do not have legal tender status and related transactions are illegal financial activities, pointing out that stablecoins cannot meet regulatory requirements due to identity verification and anti-money laundering risks.

Now let's look at market hotspots:
-Yesterday, the U.S. Bitcoin spot ETF had a net inflow of $71,400,000, and the Ethereum spot ETF had a net inflow of $76,600,000. The market fear and greed index is at 20, still in the fear zone.
-Bitwise analysts say the current macro environment is similar to that during the pandemic, with global growth expectations accelerating, making the current price and outlook of Bitcoin mismatched, thus still having significant upside potential.
-Nasdaq-listed company Prenetics increased its holdings by 6 Bitcoins this week, raising its total holdings to 504 Bitcoins, and revealed that the executive team invested $1,450,000 to repurchase company stock.
-The Hyperliquid team unlocked 2,600,000 HYPE today for spot trading, worth approximately $90,180,000, still holding about $8.36 billion in pledged tokens.

Today's summary:
The weekend market continues to fluctuate in the range of $90,000 to $93,000. If the moving average breaks through $93,000 this week, there is hope for a surge towards $100,000 next week.

I am the host Mark, this is 'Crypto Morning Know', see you tomorrow!

Crypto Circle Early Insights November 29
Wake up to the happenings in the crypto world!
#Blockchain Daily

First, let's look at the macro aspects:
-The Democratic Party report accuses Trump of using the presidential position and his family to profit from cryptocurrency, making 800 million dollars in the first half of 2025, and promoting family wealth doubling through measures like pardons, ending investigations, and abolishing investor protection regulations.

Next, let's examine market hotspots:
-Yesterday, the net inflow for the US Bitcoin spot ETF was 21.1 million dollars, and the Ethereum spot ETF had a net inflow of 60.8 million dollars. The market fear and greed index is at 20, still indicating fear.
-Bitwise Solana ETF bought 93,167 SOL (about 13.15 million dollars) in the last hour.
-BitMine announced an investment of 200 million dollars to purchase Ethereum, with a total holding of 3.6 million ETH, valued at approximately 10.9 billion dollars.

Finally, let's look at industry dynamics:
-Polygon executives pointed out that stablecoins will enter the "hundred thousand issuers era," and banks will be forced to issue deposit tokens to cope with low-interest fund outflows. Future payment systems will rely on a unified settlement layer, enabling free payments and receipts of on-chain assets.
-Global cryptocurrency companies have pledged to donate over 3 million dollars to the victims of the Wangfuyuan fire in Tai Po, Hong Kong, including Bitget (1.5 million), Binance (1.28 million), and Kucoin (about 256 thousand dollars), supporting community rebuilding and post-disaster recovery.

Today's summary:
As expected, Bitcoin has rebounded to 93,000 dollars. The next target price is to break 100,000 dollars. There is less than two weeks until the interest rate cut, so make sure to pay attention to position management, gradually reduce positions, and prepare for the bear market.

I am the host Mark, this is "Crypto Circle Early Insights," see you tomorrow!

Crypto Circle Daily Update November 27
Every morning at 8 AM, get to know the happenings in the crypto world!
#Blockchain Daily

First, let's focus on the macro aspects:
-Korean KakaoBank has advanced its Korean won stablecoin project to the actual development stage.
-Binance signed an MoU with Ho Chi Minh City at the Autumn Economic Forum 2025 to jointly promote the construction of Vietnam's international financial center.

Next, let's look at market hotspots:
-Yesterday, the net inflow for the US Bitcoin spot ETF was $129 million, and the net inflow for the Ethereum spot ETF was $78.6 million. The market fear and greed index is at 15, still indicating extreme fear.
Strategy states that even if Bitcoin drops to its holding cost of $74,000, the company's asset to convertible bond ratio is still 5.9 times.
-Korean listed company Bitplanet spent an additional $2.61 million to buy 28.5 BTC, increasing its total holdings to 228.5 BTC.
-Coinbase Ventures released the “Most Anticipated Tracks of 2026,” betting on RWA perpetualization, professional prediction markets, the next generation of DeFi, and AI + robotics.

Finally, let's look at industry dynamics:
-Worldcoin was ruled illegal for collecting over 1.2 million iris data entries in Thailand, ordered to delete the data and suspend all operations in the area.
-Chainlink co-founder stated that DeFi has completed 30% of its journey towards mass adoption, and whether it can achieve full mainstream acceptance in the next four years depends on the US providing regulatory clarity first.

Today's summary:
The mainstream coin market is warming up, rebound signs are gradually becoming clear, and there are two weeks left until the next interest rate cut, so prepare to reduce positions before the cut!

I am your host Mark, this is “Crypto Circle Daily Update,” see you tomorrow!

Crypto Circle Daily Update November 26
Every morning at 8 AM, learn about the cryptocurrency world!
#Blockchain Daily

First, let's focus on the macro aspect:
-The Federal Reserve Governor Milan stated that the current monetary policy has significantly hindered the economy, requiring a substantial interest rate cut and quickly bringing rates down to neutral levels, hoping that the upcoming employment data can help the board reach a consensus.
-The U.S. core PPI annual rate in September dropped to 2.6%, slightly below expectations, indicating that inflation continues to gradually decline.
-The UAE has officially included DeFi and Web3 projects under regulation, with new laws requiring all platforms providing payment, lending, custody, and other services to obtain central bank permission.

Next, let's look at market hotspots:
-Yesterday, the U.S. Bitcoin spot ETF saw a net outflow of $151 million, while the Ethereum spot ETF had a net inflow of $96.6 million. The market fear and greed index is at 15, indicating extreme fear.
-MetaPlanet has secured new loans of $130 million backed by its held Bitcoin, aimed at continuing to purchase BTC.

Finally, let's check the industry dynamics:
-VanEck plans to launch a spot BNB ETF (code: VBNB) on Nasdaq.
-Binance Wallet has adjusted its fee rules, with 0% fees for stablecoin and major native token trades, while other tokens are at 0.5%.
-Galaxy Digital is in talks with Polymarket and Kalshi to become a market maker for prediction markets.

Today's summary:
Today's market sentiment improved with rising expectations of a Federal Reserve interest rate cut in December, with hopes for a rebound in the next two weeks.

I am host Mark, this is 'Crypto Circle Daily Update,' see you tomorrow!

Crypto Circle Early Insights November 25
Every morning at 8 AM, get to know the happenings in the crypto world!
#区块链日报

First, let's focus on the macro aspects:
- The Federal Reserve's December rate cut is once again seen as a high probability event by the market, as New York Fed President Williams's remarks last week were interpreted as a unified tone from the top, driving rate cut expectations from below 30% to over 67%.
- South Korea's originally planned taxation policy on virtual assets, set to be implemented in 2027, may face its fourth delay due to the unclear taxation scope regarding airdrops, staking, and overseas transactions.

Now, let's look at market hotspots:
- The market fear and greed index is at 12, still indicating extreme fear.
- Citibank pointed out that for every $1 billion that flows out of Bitcoin ETFs, the price of Bitcoin will drop by about 3.4%, and in November, outflows have reached $3.5 billion, putting pressure on the market.
- Bloomberg's senior commodity strategist warned that if the macro environment worsens, Bitcoin could fall from its peak to $50,000 by 2026, as investors may avoid high-risk assets amid stock market volatility.

Finally, let's check on industry dynamics:
- Franklin Templeton's XRP ETF has received listing approval from the NYSE Arca, trading under the symbol XRPZ, with a fee rate of 0.19%, and will waive fees on the first $5 billion of assets until May 2026.
- Several Wall Street institutions actively reduced their exposure to MicroStrategy in the third quarter, cumulatively divesting about $5.4 billion, indicating that funds are shifting from the old model of “MSTR proxy Bitcoin” to more direct spot ETFs and custody channels.

Today's summary:
The market remains in a bearish sentiment, but the true winners are often those who quietly position themselves at the lows.

I am host Mark, this is "Crypto Circle Early Insights", see you tomorrow!

Waking up to know about the cryptocurrency world, welcome to listen to 'Crypto Morning Know'. Today is November 24, 2025, Monday, good morning!

First, let's pay attention to macro aspects:
- U.S. Treasury Secretary Yellen stated that the government shutdown has brought a permanent blow of $11 billion to the U.S. GDP.
- Bloomberg analysis pointed out that the recent decline of Bitcoin may signal weak performance of risk assets by the end of the year, but growth momentum may emerge in 2026, and the market is expected to rebound.

Now let's look at market hotspots:
- Bitcoin price saw a 3% increase on Sunday, breaking through $87,000, and the probability of Polymarket heating up for a 25 basis point rate cut in December rose to 67%. According to the weekly forecast, Bitcoin is expected to see a rebound in the next two weeks, likely breaking through $93,000.
- A whale went long on 1,425 ETH with 2x leverage, with a position value of approximately $4 million, and a sell order to close at $2,980.
- Yi Lihua fully bought in at around $2,700 for ETH, laying out positions in ETH, BTC, BCH, BNB, and other major tracks.
- Bitwise CEO increased his holdings in Bitcoin again at the price level of $85,000, stating that this is a good opportunity for crypto assets.

Finally, let's look at industry dynamics:
- The Uniswap community passed the 'Initiate Fee Switch' proposal with a support rate of 100%, which will enter a complete on-chain voting process.
- Crypto ATM operator Crypto Dispensers is considering selling assets for $100 million, but the company's founder has been indicted for money laundering.

I am the host Mark, this is 'Crypto Morning Know', see you tomorrow!

Crypto Circle Daily Update November 21
Every morning at 8 AM, stay informed about the crypto world!
#Blockchain Daily

First, let's focus on the macro aspects:
- Whether the Federal Reserve will pause interest rate hikes in December still depends on more data; analysts believe it is more prudent to delay decisions until next year until the tariff dispute is clearer.
- India plans to launch a digital asset ARC pegged 1:1 to the rupee in Q1 2026, developed by Polygon and Anq.
- BlackRock has registered the 'iShares Staked Ethereum Trust' in Delaware, viewed as a preliminary move to advance a staking Ethereum ETF; the market is still waiting for the SEC's regulatory stance on related staking features.

Next, let's take a look at market highlights:
- Yesterday, the net inflow for the U.S. Bitcoin spot ETF was $75.4 million, while the Ethereum spot ETF saw a net outflow of $37.4 million. The market fear and greed index is at 15, indicating extreme fear.
- 21Shares has added six new crypto ETPs on Nasdaq, covering AAVE, ADA, LINK, DOT, and two basket indices to meet the crypto allocation needs of the Nordic market.
- Nillion stated that the abnormal fluctuations in NIL prices are unrelated to the team or treasury, the system's security is normal, and external factors are under investigation.
- The second-largest loss address on HyperLiquid for long ETH was partially liquidated for $4.07 million during the morning drop, currently still holding positions with a floating loss of over $6 million.

Finally, let's look at industry dynamics:
- Bitwise announces the upcoming launch of the XRP ETF, with a management fee of 0.34%, stock code XRP, and waiving the management fee until assets reach $500 million.

I am the host Mark, this is 'Crypto Circle Daily Update', see you tomorrow!

Crypto Circle Daily Update November 20
Every day at 8 AM, wake up to know what's happening in the crypto world!
#Blockchain Daily Report

First, let's look at the macro perspective:
- The U.S. Department of Labor prematurely leaked data due to a technical error, showing a significant rise in the number of people continuing to claim unemployment benefits in September and October, indicating a weak job market and that the unemployment rate in October may remain high.
- Federal Reserve official Milan stated that reducing the balance sheet will decrease the interest paid to banks, helping to alleviate pressure on policy interest rates.
- 21Shares launched an initial scale of $100 million Solana ETF "TSOL".

Next, let's look at market hotspots:
- Yesterday, Bitcoin spot ETF had a net outflow of $373 million, and Ethereum spot ETF had a net outflow of $74.2 million. The market fear and greed index is at 16, indicating extreme fear.
- Michael Saylor stated that Bitcoin's annualized volatility has dropped to about 50%, and it is expected to approach 1.5 times that of the S&P 500 in the future, continuing to outperform the market in the long term.
- Bloomberg reported that the Abu Dhabi Investment Authority significantly increased its holdings of IBIT to 8 million shares in the third quarter, viewing Bitcoin as a long-term allocation asset as a "gold alternative".
- Malaysia's national electricity company disclosed that due to electricity theft by crypto miners, the cumulative loss over five years exceeds $1.1 billion, and such behavior violates the local Electricity Supply Act.

Finally, let's look at industry dynamics:
- Vitalik Buterin warned that quantum computing may break elliptic curve cryptography before the 2028 U.S. elections, calling for ETH to complete quantum-resistant upgrades within four years.
- Ondo received regulatory approval from the EU to provide tokenized stocks and ETFs to retail investors in 30 European countries, officially entering the core European financial market.


I am the host, Mark. This is "Crypto Circle Daily Update". See you tomorrow!

Crypto News Roundup, November 19th

Get the latest crypto news every morning at 8 AM.

#区块链日报

First, let's look at the macro picture:

- Analysts point out that the Federal Reserve was forced to formulate policies due to the US government shutdown and lack of data, leading to unstable market expectations for interest rate cuts, thus exacerbating downward pressure on Bitcoin.

- The US SEC removed the dedicated section on crypto from its key 2026 fiscal year document, which is seen as consistent with the Trump administration's crypto-friendly policies.

- Sentora states that long-term Bitcoin holders have not yet clearly bought the dip in this round, and the institutional funding structure has changed the traditional cyclical rhythm, making market declines more susceptible to the risk framework of professional capital.

Now let's look at market highlights:

- Yesterday, Bitcoin spot ETFs saw net outflows of $255 million, and Ethereum spot ETFs saw net outflows of $183 million. The market's fear and greed index is 15, indicating extreme fear.

- The founder of Gemini stated that this may be the last opportunity to buy Bitcoin below $90,000.

- The LIBRA team used 17 million USDC to buy 120,000 SOL at an average price of $133.

- On-chain data shows that a whale who had been holding 20,000 BTC at an average price of approximately $10,000 just deposited 250 BTC into Binance.

- Yi Lihua suggests placing ETH spot orders in the $3,000-$3,300 range, and cautions against non-professionals participating in contract trading due to the complex current macroeconomic environment.

Finally, let's look at industry dynamics:

- The CEO of Hashed stated that the current bear market is different from previous ones, and there is no "risk of disappearing" for the industry. Institutional adoption, improved regulation, and the growth of stablecoins are driving an irreversible improvement in fundamentals.

I'm Mark, this is "Crypto Morning News," see you tomorrow!