Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 108,270.0 | −0.25% |
| Ethereum (ETH) | 3,866.31 | −0.21% |
| Bitcoin Spot ETF | +477.0M | Net Inflow |
| Ethereum Spot ETF | +141.0M | Net Inflow |
| Nasdaq (NAS100) | 25,171.5 | +0.27% |
| S&P 500 (SPX) | 6,735.34 | 0.00% |
| Russell 2000 (RUT) | 2,494.0 | +0.18% |
| U.S. Dollar Index (DXY) | 98.880 | −0.08% |
| VIX Volatility Index (VIX) | 17.88 | −1.97% |
| U.S. 10-Year Treasury Yield (US10Y) | 3.961 | −0.10% |
| Brent Crude Oil (BRENT) | 62.215 | +1.53% |
| LBMA Gold (XAU) | 4,160.560 | +0.86% |
| LBMA Silver (XAG) | 49.2835 | +1.20% |
“Prepared at UTC 06.49 am”
Today’s Key Events
- ETHShanghai 2025 Conference Begins
- FOMC Member Barr’s Speech
- Tesla Earnings Reports
- US 20-Year Treasury Bond Auction
Europe Supports Trump’s Ceasefire Proposal for the First Time; US and Russia Have Not Set a Date
European leaders issued a joint statement supporting the call for an “immediate ceasefire based on current front lines.” Signed by Germany, France, Italy, Poland, the UK, Finland, Denmark, and Norway, this statement marks Europe’s first open support for Trump’s peace plan. However, Washington and Moscow have announced that they have not yet set a date for the Trump-Putin meeting. Kremlin spokesman Peskov said preparations were “complex but ongoing,” while Trump stated that the meeting would be “a waste of time at this point.” Meanwhile, Ukraine is preparing a new peace plan for the summit to be held in London. This plan envisions the establishment of a “Peace Council” under Trump and the start of negotiations after the ceasefire.
Tension Ahead of US-China Talks: New Messages from Trump
Trump said that the planned meeting with Chinese President Xi Jinping “may not happen,” but that he “expects to reach a good deal.” Chinese Trade Minister Wang Wentao and EU Trade Commissioner Maroš Šefčovič discussed rare earth export controls and Nexperia Semiconductor. The parties agreed to meet face-to-face in Brussels in the coming days. German Foreign Minister Baerbock is also expected to visit China next week. Dutch Economy Minister Adriaansens has also made direct contact with China to find a solution to the Nexperia issue.
US Government Backtracks on H-1B Visa Fees
The Trump administration has narrowed the scope of the $100,000 fee rule for H-1B visas. This fee will now only apply to new applicants outside the US. Since approximately 54% of visas issued in 2024 are already held by individuals residing in the US, most applicants will be exempt from this fee. According to Bloomberg, Walmart has suspended its H-1B sponsorship; the company currently has 2,390 H-1B employees.
Japan’s New Prime Minister: Sanae Takaichi
LDP leader Sanae Takaichi has been elected Japan’s new prime minister, becoming the country’s first female prime minister. She is expected to revive the fiscal stimulus policies of the Abe era and pursue a more conservative line on immigration and defence policies. However, the new LDP–Innovation Party coalition still does not have a full majority in the lower house; this could expose the government to the risk of political instability in budget and reform processes.
Senator Elizabeth Warren Criticizes the GENIUS Stablecoin Act
Senator Elizabeth Warren called the GENIUS Stablecoin Act “underregulated” in a letter to Treasury Secretary Scott Bessent. Warren called for stricter enforcement rules in terms of financial stability and consumer protection. The bill proposes that stablecoins be backed by 100% US dollars or highly liquid assets, that annual audits be conducted for issuers above $50 billion, and that additional guidelines be introduced for foreign issuers. Warren also highlighted the conflict-of-interest risk in the Trump-linked World Liberty Financial USD stablecoin and called for operational risk measures, citing the example of Paxos’ $3 trillion PYUSD printing error.
Crypto Regulations Stalled in the US Senate
According to The Hill, bipartisan crypto regulation negotiations in the US Senate have stalled. The draft bill, leaked under the name “Decentralized Finance Regulation Draft,” has been heavily criticized by the crypto sector. Due to the government’s shutdown crisis, it is considered unlikely that the bill will pass before the end of 2025.
LBMA Calls on UK to Restart Gold Futures Trading
Peter Zoellner, Chairman of the London Bullion Market Association (LBMA), has proposed reviving the gold futures market in the UK. Zoellner stated that global gold trading amounts to $35 trillion annually, adding that “two or three well-liquidated centers” would benefit the global market. Gold futures trading, launched by the London Metal Exchange in 2017, was shut down five years later due to low volume.
Ethereum Enters Final Stage of Fusaka Test
The Ethereum network has entered the final test phase of the Fusaka upgrade. Expected to go live on the mainnet on December 3, the upgrade will increase block efficiency and reduce DoS risk. It will also introduce a Gas limit of 16.78 million per transaction.
Whales Increase BTC Long Positions on Hyperliquid
On-chain analysis platform Lookonchain reported that large investors have increased their Bitcoin long positions on Hyperliquid in the last 12 hours. The 0x89AB address deposited $9.6 million USDC to acquire 80.47 BTC and opened a long position of 133.86 BTC with 6x leverage. The address 0x3fce, meanwhile, deposited $1.5 million in USDC to increase its position to 459.82 BTC. These transactions reflect the market’s expectation of a short-term rise.
BlackRock Invests an Additional $500 Million in Aptos via BUIDL
BlackRock’s tokenized asset initiative BUIDL invested an additional $500 million in the Aptos network. With this step, Aptos’ total RWA (real-world asset) on the chain exceeded $1.2 billion, and BUIDL rose to second place in adoption.
Aave Launches SyrupUSDT Collateral with Maple Partnership
DeFi protocol Aave has launched the syrup USDT collateral system in collaboration with institutional asset manager Maple. This integration aims to bring institutional-grade yield-bearing assets into the DeFi lending market. Aave’s total loan balance on the Ethereum network stands at approximately $25 billion. Maple previously launched Lido-backed staked ETH collateral loans.
Tether Issues $1 Billion in New USDT
According to Lookonchain data, Tether minted $1 billion in USDT on Ethereum in the last 6 hours. Since the market decline on October 11, Tether and Circle have issued a total of $7 billion in stablecoins. This increase signals that market liquidity is recovering.
Apple Launches iPhone Air Model in China
Apple has officially launched the iPhone Air model in the Chinese market. The device only supports eSIM, with no physical SIM card. Available in Space Black, Cloud White, Light Gold, and Sky Blue, the model starts at $256 for the 256 GB version, with 512 GB and 1 TB options also available.
Bealls Chain Begins Accepting Crypto Payments
US retail chain Bealls Inc. announced that it will accept payments in 99 different cryptocurrencies through a partnership with crypto payment provider Flexa Network. The system, which supports Bitcoin, Ethereum, and stablecoins, has been rolled out in 660 stores across 22 states.
MANTRA and Inveniam Launch New L2 Chain for Private Real Estate Data
MANTRA and Inveniam Capital Partners have introduced a new Layer 2 blockchain to support private real estate data. Announced as the “Inveniam Chain,” the network aims to integrate the $27 trillion private real estate market into the MANTRA ecosystem. The system will provide AI-powered data analysis, DeFi integration, and identity-verified data sharing. MANTRA CEO John Patrick Mullin stated that this integration will “redefine private asset tokenization.”
