Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 91,070.0 | −0.34% |
| Ethereum (ETH) | 3,003.94 | −0.36% |
| Bitcoin Spot ETF | +1.72M | Net Inflow |
| Ethereum Spot ETF | +60.80M | Net Inflow |
| Nasdaq (NAS100) | 25,290.6 | +0.21% |
| S&P 500 (SPX) | 6,812.60 | +0.69% |
| Russell 2000 (RUT) | 2,492.7 | +0.05% |
| U.S. Dollar Index (DXY) | 99.304 | +0.09% |
| VIX Volatility Index (VIX) | 17.21 | +0.12% |
| U.S. 10-Year Treasury Yield (US10Y) | 3.9921 | −0.32% |
| Brent Crude Oil (BRENT) | 63.670 | +0.11% |
| LBMA Gold (XAU) | 4,177.27 | +0.46% |
| LBMA Silver (XAG) | 53.774 | +0.98% |
“Prepared at UTC 07:55 am”
Today’s Key Events
- US Thanksgiving Holiday – Half Day
- US Bitcoin Futures Expiration Date
- Eurozone November CPI
Japan–China Tensions: Verbal Confrontation Continues, Actual Easing Begins
- Opposition leaders in Japan interpreted Prime Minister Takaichi’s failure to mention the “specific cases” he had previously referred to as an indirect way of retracting his statements.
- While this is seen as Tokyo taking a quiet step back to reduce tensions, Beijing refuses to officially acknowledge it. Chinese Foreign Ministry spokesperson Guo Jiakun emphasized that there is a big difference between “no longer mentioning” and “withdrawing erroneous statements.”
- The spokesperson said Japan’s attempt to gloss over the situation is a one-sided narrative and that Beijing will not recognize it.
Russia–Ukraine Talks: New Round via US, Strong Legal Messages from Moscow
- Russian President Vladimir Putin announced that there is no finalized draft peace plan yet, but that he is ready for “serious” talks with the US delegation next week. Putin said that the framework proposed by Trump could be the basis for a future agreement, arguing that Ukraine cannot hold elections under martial law and therefore the current leadership does not have the capacity to sign a binding agreement. He also said that Russia would halt its military operations if Ukrainian forces withdrew from the areas they control, but would otherwise continue toward its objectives by military means.
- Ukrainian Foreign Minister Sybiha said that Ukrainian and US negotiating teams are expected to meet in the near future. He said that securing a ceasefire is extremely important for Ukraine and that Kiev hopes the talks will yield concrete results.
- Ukraine also aims to arrange a meeting between President Zelensky and President Trump, as some sensitive issues need to be discussed directly between the two leaders.
Bitcoin Holders Accuse JPMorgan Chase of Market Manipulation
Following JPMorgan Chase’s application to the SEC to launch leveraged Bitcoin-backed securities, some Bitcoin investors are accusing the bank of manipulating the market in its favor. Allegedly, JPMorgan is using its behind-the-scenes influence in regulatory processes to pressure companies holding Bitcoin reserves, such as Strategy, and digital asset trusts (DATs). This backlash has been fueled by the bank’s previous issuance of structured notes tied to BlackRock’s IBIT ETF and indexed to Bitcoin’s four-year halving cycle.
BTC Options Open Interest Hits Record High
Coinglass data shows that BTC options open interest across the entire market has reached a record high of 694,700 BTC. Of this, 566,600 BTC is concentrated on Deribit. This growth in open interest implies that investors are both hedging their risk and increasing their directional bets. In particular, it points to rising volatility expectations as the end of the year approaches.
CME Group Futures Trading Suspended for Over 4 Hours
Futures markets on the CME Group were suspended for over four hours. The exchange stated that a cooling system failure at the CyrusOne data center caused the disruption. It was noted that the technical team is working to resolve the issue and that trading is expected to return to normal. Such infrastructure-related outages carry the risk of increasing market volatility, especially during periods of low liquidity.
Bhutan Government May Be Selling ETH OTC
Onchain Lens data shows an address believed to belong to the Bhutan government transferring 160.35 ETH to QCP Capital. The transfer is thought to have been made for OTC sales purposes. Such moves are closely monitored for their supply-side impact on the market from state wallets. While the amount is relatively limited, regular sales could put pressure on sentiment.
Chainlink Reserves Are Increasing
Chainlink’s reserve data showed an increase of approximately 89,000 LINK in the latest update. This brings the total reserve size to approximately 974,000 LINK. At current prices, the value of this stock is estimated to be around $12.9 million.
Switzerland Postpones Crypto Tax Information Sharing to 2027
Switzerland has postponed the implementation of CARF rules regarding the automatic sharing of tax information on crypto accounts until 2027. The legal framework is scheduled to come into effect on January 1, 2026, but its actual implementation has been delayed by at least one year. The list of countries with which data will be shared has not yet been finalized. The postponement is interpreted as a maneuver to delay international compliance pressure while maintaining Switzerland’s role as a crypto-finance hub.
Musk: Grok Imagine Launches Text-to-Video Feature
Elon Musk announced that Grok Imagine now supports text-to-video production. It is stated that the system can create approximately 10-second videos with enhanced voice production. The feature is expected to be available to users over the weekend. This step is seen as a move to position the Grok ecosystem as more “multi-modal” in the generative AI race.
Lotus DEX Goes Live on the MANTRA Chain
MANTRA announced the launch of Lotus, its flagship DEX built natively on the chain. Lotus aims to become the default liquidity hub in the MANTRA ecosystem and expand its RWA-focused DeFi infrastructure. The platform brings token swaps, liquidity pools, and fundamental financial modules that will pave the way for new protocols to the chain. The goal is to create a transparent financial layer compatible with real-world assets.
