Bitget Daily Digest(Nov 29)|All Major U.S. Stock Indices Closed Lower; Next Year’s FOMC Voters Emphasize Inflation Risks and Oppose Further Rate Cuts; 72 out of Top 100 Tokens Down More Than 50% from All-Time Highs
Today's Outlook
- The SEC is expected to make a decision on Grayscale’s Polkadot (DOT) ETF application by November 8, 2025.
- 72 out of the top 100 cryptocurrencies by market capitalization are down more than 50% from their all-time highs.
- Circle has submitted comments to the U.S. Treasury on the implementation of the GENIUS Act.
Macroeconomics & Hot Topics
- Deribit: Over $5 billion in Bitcoin and Ethereum options are set to expire this Friday.
- The USDC Treasury saw 10 minting and burning transactions exceeding $50 million each in the past 12 hours.
- Next year’s FOMC voting members emphasize inflation risks and oppose further rate cuts.
Market Trends
- BTC and ETH are consolidating in the short term as market sentiment remains cautious and leans towards fear. Around $563 million in liquidations occurred in the past 24 hours, mainly long positions.
- All three major U.S. stock indices closed lower: the Dow fell 0.84%, the Nasdaq plunged 1.90%, and the S&P 500 dropped over 1%.

3.According to Bitget’s BTC/USDT liquidation map, BTC is currently priced at $102,181 USDT. There is a concentration of short liquidations in the 101,057 - 102,389 range. A breakdown below this range could trigger a chain reaction of liquidations and significantly increase short-term risks.

4.In the past 24 hours, BTC spot inflows reached $409 million, outflows were $351 million, for a net inflow of $58 million.

5.Over the last 24 hours, derivatives trading in BTC, ETH, USDT, XRP, and BNB saw net outflows. It's recommended to continue monitoring major cryptocurrencies for potential trading opportunities.

News Updates
- Elon Musk: SpaceX should become a publicly traded company.
- Block posted nearly $2 billion in Bitcoin revenue in Q3, accounting for almost one-third of its total revenue.
- Google will integrate prediction data from Kalshi and Polymarket into Google Finance.
- OpenAI CEO: Does not seek "government guarantees" for its data centers; annualized revenue is expected to surpass $20 billion by the end of this year.
Project Developments
- Credit Blockchain: Launched an AI-driven intelligent financial platform, combining AI with blockchain innovation.
- Ondo Finance appoints former McKinsey executive Ian De Bode as President.
- Aave founder: Gauntlet has suspended Compound withdrawals.
- Aerodrome: Major system upgrades to be released, including Slipstream V2 and Autopilot.
- Folks Finance: Native token FOLKS officially launched on November 6 with an initial circulation of 25.4%.
- Cipher issues $1.4 billion in high-yield bonds to fund Google-related data center construction.
- ORE mining program is now available on the Solana Mobile dApp Store for Seeker users.
- Berachain: Plans to launch a claims page for fund returns early next week and may execute an additional hard fork.
- ZachXBT collaborates with BNB Chain to strengthen Web3 security infrastructure.
- Hourglass: Adjusts Stable pre-deposit activity limits, clarifies KYC and settlement times.
Disclaimer: This report is AI-generated and has been manually verified for accuracy. It does not constitute any investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dogecoin News Update: SEC Sets November 2025 as Pivotal Deadline for Dogecoin ETF Approval
- Bitwise files a fast-track SEC 8(a) ETF application for Dogecoin , targeting November 2025 approval if regulators remain silent. - The move reflects growing institutional demand for crypto exposure amid regulatory uncertainty and a competitive ETF landscape. - Grayscale's DOJE ETF and rivals' XRP/Dogecoin products highlight intensified competition, with $24M+ in early trading volumes. - Analysts project 300% DOGE price gains if resistance breaks, while SEC's crypto-friendly leadership and legal battles w

Ethereum Updates Today: SharpLink Moves ETH—A Bid for Stability or Signs of Major Overhaul?
- SharpLink Gaming transferred $14M ETH to OKX ahead of Q3 earnings amid crypto market declines. - The move highlights challenges for crypto-holding firms as ETH drops 25% in 30 days and stocks like SBET fall 4.28%. - Institutional investors increasingly use ETH staking for yield, contrasting Bitcoin-focused strategies lacking comparable returns. - CertiK emphasizes treasury management integrity as spot crypto ETFs shift focus to secure asset handling amid governance scrutiny.

Tesla’s $1 Trillion Musk Deal: Strategic Move to Keep CEO or Example of Excessive Corporate Power?
- Tesla shareholders approved a $1 trillion compensation package for Elon Musk, tied to aggressive targets like $8.5 trillion valuation and 20 million vehicle deliveries. - Critics call the package excessive, while Tesla defends it as critical to retain Musk amid his SpaceX, xAI, and Trump administration commitments. - The Texas-based approval bypasses Delaware's strict governance rules, sparking debates over "race to the bottom" in corporate accountability. - Skeptics question feasibility of targets, with

The Quantum Computing Hype Cycle and What It Means for the Valuation of Cybersecurity Stocks
- Quantum computing threatens RSA/ECC encryption by 2025, accelerating post-quantum cryptography (PQC) adoption and investment in quantum-safe firms. - NIST's 2030 PQC standards and "harvest now, decrypt later" strategies force urgent infrastructure upgrades, with governments stockpiling sensitive data. - SEALSQ leads the quantum-safe sector with $220M liquidity, $17.5M 2025 revenue guidance, and PQC-embedded semiconductors for IoT/automotive sectors. - High-risk plays like BTQ (blockchain PQC) and pre-rev
