Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 106,470.0 | +1.61% |
| Ethereum (ETH) | 3,616.81 | +0.95% |
| Bitcoin Spot ETF | −588.4M | Net Outflow |
| Ethereum Spot ETF | −46.5M | Net Outflow |
| Nasdaq (NAS100) | 25,386.4 | +1.05% |
| S&P 500 (SPX) | 6,728.81 | +0.13% |
| Russell 2000 (RUT) | 2,449.7 | +0.06% |
| U.S. Dollar Index (DXY) | 99.552 | 0.00% |
| VIX Volatility Index (VIX) | 19.08 | −2.10% |
| U.S. 10-Year Treasury Yield (US10Y) | 4.137 | +1.08% |
| Brent Crude Oil (BRENT) | 64.005 | +0.85% |
| LBMA Gold (XAU) | 4,074.910 | +1.84% |
| LBMA Silver (XAG) | 49.6699 | +2.79% |
“Prepared at UTC 07.45 am”
Today’s Key Events
- Details of Strategy BTC Purchases Expected
- Trump Holds Bilateral Meeting with Syrian President
- Linea Token Unlock
Senate Reaches Agreement to End Government Shutdown
The US Senate has reached a temporary budget agreement that will extend government funding until January 30. This development is seen as the strongest sign yet that the weeks-long federal shutdown will end. With the support of at least eight Democratic senators, the bill is expected to be voted on quickly. While markets reacted positively to the agreement, investors are now focusing on the lasting effects of the shutdown on growth.
Trump’s Statements Reignite Trade Tensions
President Trump claimed in a statement on his social media account Truth Social that tariffs could provide “a $2,000 dividend to every American.” However, the possibility that the Supreme Court could invalidate the tariffs has increased uncertainty and expectations of renegotiation in the market. Treasury Secretary Scott Bessent said such a “dividend” could take the form of a payroll or Social Security tax cut, but that he had not yet discussed the matter with Trump.
Different Tones Again Among Fed Officials
- Williams (2025 voter, dove): Stated that bank reserve levels are approaching the “adequate” threshold. He signaled that the Fed could restart Treasury purchases to preserve liquidity.
- Jefferson (Vice Chair, hawkish): Called for cautious progress, noting that interest rates are “close to neutral.” He said the economy is growing moderately, while the labor market is cooling gradually.
Chinese Economic Data
- CPI (October): Annual +0.2% (previous -0.3%)
- Core CPI: Annual +1.2% (previous +1.0%)
- PPI: Annual -2.1% (previous -2.3%)
- Exports: Annual -1.1% (previous +8.3%)
- Imports: Annual +1.0% (previous +7.4%)
- Trade surplus: $90.07 billion
The data shows that deflationary pressures have eased, but external demand remains weak. The limited increase in imports points to a moderate recovery in domestic demand.
Diplomatic Progress Between the US, China, and the Netherlands on Nexperia
Following US-China talks, China and the Netherlands moved closer to an agreement on Nexperia. China’s Ministry of Commerce announced that it would resume allowing civilian chip supplies.
- China accepted the Netherlands’ request for consultation and expanded its export exemptions.
- The Dutch government is considering suspending its control decision over the company if China allows shipments to resume. These steps are seen as significant progress toward restoring stability to the global semiconductor supply chain.
Michael Saylor Updates Bitcoin Tracker Post
Michael Saylor, founder of Strategy, the rebranded version of MicroStrategy, once again shared Bitcoin Tracker data on the X platform and added the note “₿est Continue” to his post. Historically, in the days following such posts, the company has announced updates regarding Bitcoin purchases to the public. Markets interpreted this post as a possible signal for a new BTC purchase.
South Korea’s Financial Giants Enter the Stablecoin Race
South Korea’s four major financial groups, KB, Shinhan, Hana, and Woori, are competing to form stablecoin development partnerships with tech giants like Naver, Kakao, and Samsung Electronics. The local stablecoin transaction volume has surpassed 60 trillion won (approximately $41.15 billion USD). Regulators plan to submit stablecoin legislation to the National Assembly by the end of 2025. Banks are seen as the primary issuers of won-pegged stablecoins, and this initiative signals a significant transformation of Korea’s digital finance ecosystem.
Iran Creates National Roadmap for Crypto Assets
Speaking at the deBlock 2025 conference in Tehran, Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that crypto assets are “critical to the future of the country’s economy.” Ghalibaf said that the Seventh National Development Plan aims to increase the digital economy’s share of GDP to 10%, which would not be possible without crypto infrastructure. In this context, Iran is working to develop a national crypto strategy.
Bank of Japan Approaches December Interest Rate Hike
The minutes of the Bank of Japan (BoJ) meeting indicated that an interest rate hike could be on the agenda in December. At the meeting that ended on October 30, a decision was made by a vote of 7 to 2 not to change interest rates. However, some members stated that “conditions for normalizing policy rates have matured.” President Kazuo Ueda also stated in his latest remarks that “steps could be taken in the coming months.” Markets expect the rate hike to occur on December 19 or in January.
Ethereum Gas Fees Fall to 0.067 Gwei
Gas fees on the Ethereum network have fallen to 0.067 Gwei due to low activity — the lowest level in recent months. According to Etherscan data, the average cost of a token swap is $0.11, while the cost of an NFT transaction is $0.19. Experts note that this decline is linked to increased use of Layer 2 networks and market calm.
CZ: I Have No Connection to the Trump Family
Binance founder Changpeng Zhao (CZ) said he was surprised that Donald Trump pardoned him and that he has no connection to the Trump family or the “World Liberty Financial” project. CZ said, “This was entirely his own decision, I did not request it in any way.”
Filecoin and Avalanche Announce Cross-Chain Data Bridge
Filecoin announced that it has developed a native cross-chain data bridge based on the Filecoin Virtual Machine (FVM) to build a modular chain infrastructure with Avalanche. This bridge will enable direct data sharing between the Avalanche C-Chain and Filecoin, making cross-chain applications more accessible for developers.
NEAR Intents Trading Volume Exceeds $100 Million
NEAR Intents reached a daily trading volume of over $100 million as of November, breaking its all-time record with $200 million on November 4. The protocol generated a total of $5.6 million in revenue, with $4.2 million coming from the SwapKit channel and $320,000 from the official near-intents channel. This growth has provided significant momentum for the adoption of the intent abstraction model in the NEAR ecosystem.
Major Unlocks Exceeding $200 Million Begin This Week
Numerous token unlocks will take place this week:
LINEA: $36.21 million (2.88 billion tokens, 16.4% supply) – November 10
APT: $36.30 million (11.31 million tokens, 0.49% supply) – November 11
AVAX: $29.62 million (1.67 million tokens, 0.33% supply) – November 13
CHEEL: 13.73 million USD (20.81 million tokens, 2.95% supply) – November 13
The total unlock amount for other projects such as LAYER, $AGI, $IO, $IOTA, $BB, and $PUFFER also exceeds 200 million USD.
