⚡ Understand Today’s Web3 in Three Minutes
🔹 Headline 1｜Democrats take both chambers of Congress; crypto-supportive Representative Huizenga briefly trails, casting doubt on the future of the House Digital Assets Subcommittee. Trump reportedly cancels all public appearances, while the CFTC is sued on the very day it clears stock perpetuals.
🔹 Headline 2｜Bitcoin quickly rebounds from a seven-week low of $75,618 to around $78,300, but spot ETFs see $1.16 billion in net outflows. Analysts say the Democratic victory was largely priced in by the market.
🔹 Headline 3｜Following a reportedly $6.3 billion Binance hack, attackers have moved 81% of the stolen Solana and swapped tokens via THORChain. RUNE briefly rises 10% as on-chain recovery efforts and market volatility intensify in tandem.
🔹 Headline 4｜Circle reports third-quarter revenue of $865 million and net income of $226 million, but $182 million in ARC token presale revenue accounts for more than the entire increase in revenue. Excluding that, revenue is down 7.7% year over year, while USDC circulation also declines quarter over quarter. The company is also cutting around 5% of its workforce, affecting 55 positions.
🔹 Headline 5｜Schroders, which manages $1.1 trillion in assets, brings its actively managed emerging-market bond strategy to Solana via Centrifuge. Morgan Stanley also announces plans to tokenize U.S. stocks and Treasuries, as institutional RWAs continue moving on-chain.
🔹 Headline 6｜Mining companies are accelerating their shift to AI data centers: TeraWulf receives credit support from Google as it advances a roughly $19 billion, long-term lease with Anthropic. Riot has sold 20,264 bitcoins so far this year and signed a 15-year AI lab lease worth around $28 billion.
🎯 Opportunity Watch
In the short term, Bitcoin has staged a V-shaped recovery after election-related uncertainty faded, but substantial ETF outflows suggest institutional risk appetite has yet to fully return. It may be better to watch whether $BTC can stabilize near $75,000 and whether fund flows turn positive again. Structurally, DeFi is outperforming the broader market for now, while Solana’s institutional RWA narrative and miners’ shift to AI data centers remain worth monitoring over the medium term. $SOL faces risks from weakness in tech stocks and the spillover of hacker funds; $RUNE is more event-driven and carries greater cross-chain recovery risk. ⚠️ Circle’s earnings remind the market that a stablecoin issuer’s moat ultimately depends on reserve income, circulation, and real-world usage. Revenue growth from simply issuing tokens is not enough to prove that demand for USDC is sustainably rising.
What do you think is more likely now that the election results are in: will $BTC hold above $78,000, or retest around $75,000 first? Join the discussion in the comments 👇 #比特币 #Web3
The above reflects personal views only and does not constitute investment advice. Please manage your positions at your own discretion.
🔹 Headline 1｜Democrats take both chambers of Congress; crypto-supportive Representative Huizenga briefly trails, casting doubt on the future of the House Digital Assets Subcommittee. Trump reportedly cancels all public appearances, while the CFTC is sued on the very day it clears stock perpetuals.
🔹 Headline 2｜Bitcoin quickly rebounds from a seven-week low of $75,618 to around $78,300, but spot ETFs see $1.16 billion in net outflows. Analysts say the Democratic victory was largely priced in by the market.
🔹 Headline 3｜Following a reportedly $6.3 billion Binance hack, attackers have moved 81% of the stolen Solana and swapped tokens via THORChain. RUNE briefly rises 10% as on-chain recovery efforts and market volatility intensify in tandem.
🔹 Headline 4｜Circle reports third-quarter revenue of $865 million and net income of $226 million, but $182 million in ARC token presale revenue accounts for more than the entire increase in revenue. Excluding that, revenue is down 7.7% year over year, while USDC circulation also declines quarter over quarter. The company is also cutting around 5% of its workforce, affecting 55 positions.
🔹 Headline 5｜Schroders, which manages $1.1 trillion in assets, brings its actively managed emerging-market bond strategy to Solana via Centrifuge. Morgan Stanley also announces plans to tokenize U.S. stocks and Treasuries, as institutional RWAs continue moving on-chain.
🔹 Headline 6｜Mining companies are accelerating their shift to AI data centers: TeraWulf receives credit support from Google as it advances a roughly $19 billion, long-term lease with Anthropic. Riot has sold 20,264 bitcoins so far this year and signed a 15-year AI lab lease worth around $28 billion.
🎯 Opportunity Watch
In the short term, Bitcoin has staged a V-shaped recovery after election-related uncertainty faded, but substantial ETF outflows suggest institutional risk appetite has yet to fully return. It may be better to watch whether $BTC can stabilize near $75,000 and whether fund flows turn positive again. Structurally, DeFi is outperforming the broader market for now, while Solana’s institutional RWA narrative and miners’ shift to AI data centers remain worth monitoring over the medium term. $SOL faces risks from weakness in tech stocks and the spillover of hacker funds; $RUNE is more event-driven and carries greater cross-chain recovery risk. ⚠️ Circle’s earnings remind the market that a stablecoin issuer’s moat ultimately depends on reserve income, circulation, and real-world usage. Revenue growth from simply issuing tokens is not enough to prove that demand for USDC is sustainably rising.
What do you think is more likely now that the election results are in: will $BTC hold above $78,000, or retest around $75,000 first? Join the discussion in the comments 👇 #比特币 #Web3
The above reflects personal views only and does not constitute investment advice. Please manage your positions at your own discretion.