Today's Outlook
1. Yesterday, after receiving approval from the US Securities and Exchange Commission (SEC), 21shares launched the first leveraged SUI ETF '2x leveraged SUI ETF' (code: TXXS) on NASDAQ.
2. The US SEC held a meeting regarding the regulation of tokenization, where Citadel suggested that the SEC clearly define the roles of intermediaries like decentralized trading protocols, which has drawn opposition from some in the crypto community who believe traditional rules cannot be applied to DeFi structures. There are significant differences between traditional finance and the crypto industry on the topic of 'decentralization.'
3. US CFTC: Spot cryptocurrencies can now be traded on exchanges registered with the CFTC.
Macroeconomics & Hot Topics
1. The US Treasury debt has surpassed $30 trillion, doubling since 2018.
2. Reuters survey: The Federal Reserve is expected to cut interest rates by 25 basis points in the December rate decision to support a cooling labor market. Among the 108 economists surveyed, a significant majority (82%) hold this view.
3. JPMorgan: Whether the Strategy can hold may be crucial to Bitcoin's short-term trend.
Market Trends
1. In the past 24 hours, the cryptocurrency market experienced a total liquidation of $266 million, with short positions liquidating $171 million. The liquidation amount for BTC was $90 million, and for ETH, it was $85 million.
2. US stocks: The Dow Jones fell by 0.07%, the S&P 500 index rose by 0.11%, and the Nasdaq composite index increased by 0.22%.
3. The Bitget BTC/USDT liquidation map shows: at the current price level near $92,319, the accumulation of short liquidations above is significantly larger. If the price continues to rise, it could trigger a series of short squeezes. The long leverage liquidation band below has been largely cleared, providing weak support; if it falls below the $91k region, it may trigger risks of passive selling from longs.
4. In the past 24 hours, BTC spot inflow was $7.4 million, outflow was $9.1 million, resulting in a net inflow of -$1.7 million.
News Updates
1. The IMF warns that stablecoins could undermine monetary sovereignty and recommends setting limits to prevent substitution risks.
2. Notable investor Jez San's associated address has withdrawn over $15 million worth of altcoins from Coinbase Prime.
3. SoFi plans to raise $1.5 billion through discounted stock sales to expand into new business areas.
Project Progress
1. Bitmine reportedly bought back 41,946 ETH about 5 hours ago, valued at approximately $130 million.
2. GlobeNewswire: AlphaTON Capital has announced its exit from SEC's 'baby shelf' financing restrictions and submitted a $420.69 million shelf registration statement, intended for expanding GPU computing power infrastructure supporting the Telegram Cocoon AI network and acquiring profitable companies within the Telegram ecosystem.
3. PANews: On-chain data shows that the Aster team will repurchase $80 million worth of tokens from the wallet for on-chain destruction.
4. Base has launched a cross-chain bridge to Solana, enabling two-way asset interoperability.
5. Bloomberg: Polymarket is recruiting new employees to form an internal market-making team.
6. UAE's Mashreq Capital has included a Bitcoin ETF in its new diversified asset fund.
7. The official website of Meme coin PEPE has been compromised by attackers, currently redirecting users to malicious links.
8. Bitcoin's native interoperability protocol, Portal to Bitcoin, has completed a $25 million financing round led by JTSA Global.
9. Aave Labs has expanded its collaboration with CoW Swap, integrating the DEX aggregator's solver network into all of Aave's swap functionalities and launching a flash loan product designed for intent-based infrastructure.
10. Matrixport has withdrawn 2,805 BTC from Binance in the last 8 hours, valued at $260 million.
Disclaimer: This report was generated by AI, with human verification for information purposes only, and does not constitute any investment advice.
