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1Bitget Daily Digest (Nov 06) | Monad Plans to Launch Mainnet and Native Token MON on November 24; U.S. Government Shutdown May Delay Crypto Market Structure Legislation Until 20262Bitcoin and Ether ETFs record fifth consecutive day of outflows as crypto prices remain under pressure3Monero (XMR) jumps to 5-month high as privacy coins lead surprise market rally
JPMorgan sees Bitcoin as more attractive than gold after price dip
Coinjournal·2025/11/07 00:24
Dogecoin faces $0.15 test as analysts predict a massive price ‘burst’ ahead
Coinjournal·2025/11/07 00:24
Why Is the Crypto Market Flat Today? November 6, 2025
Cryptoticker·2025/11/07 00:12
Bitcoin holds above $100,000, but for how long?
market pulse·2025/11/06 22:42
Bitcoin’s valuation metric hints at a ‘possible bottom’ forming: Analysis
Cointelegraph·2025/11/06 21:24
Bitcoin ‘$68K too low’ versus gold says JPMorgan as BTC, stocks dip again
Cointelegraph·2025/11/06 21:24
$100B in old Bitcoin moved, raising ‘OG’ versus ‘trader’ debate
Cointelegraph·2025/11/06 21:24
Bitcoin bulls retreat as spot BTC ETF outflows deepen and macro fears grow
Cointelegraph·2025/11/06 21:24
BTC Signs Potential Mid-Cycle Bottom As Fear Grips the Market
DailyCoin·2025/11/06 20:34
The "Black Tuesday" for US stock retail investors: Meme stocks and the crypto market plunge together under the double blow of earnings reports and short sellers
Overnight, the US stock market experienced its worst trading day since April, with the retail-heavy stock index plunging 3.6% and the Nasdaq dropping more than 2%. Poor earnings from Palantir and bearish bets by Michael Burry triggered a sell-off, while increased volatility in the cryptocurrency market added to retail investor pressure. Market sentiment remains tense, and further declines may follow. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
MarsBit·2025/11/06 19:02
Flash
- 00:29Elixir announces the termination of deUSD synthetic stablecoin and promises 100% redemptionChainCatcher reported that the Elixir protocol has announced the termination of its deUSD synthetic stablecoin, a move triggered by a chain reaction following Stream Finance's suspension of withdrawals earlier this week. Stream Finance encountered difficulties after an external fund manager disclosed a loss of $93 million and currently owes Elixir over $68 million. Elixir has processed about 80% of deUSD holders' redemption requests and has taken a snapshot of the remaining holders, promising to fully redeem them with USDC at a 1:1 ratio. Currently, Stream Finance holds about 90% of the deUSD supply (approximately $75 million). Elixir is working with decentralized lending platforms such as Euler, Morpho, and Compound to liquidate Stream's positions and allocate funds to deUSD holders.
- 00:29Data: Tether's BTC reserves exceed 87,296, making it the sixth largest BTC wallet, with an average purchase price of around $49,121 and an unrealized profit of $4.549 billions.According to ChainCatcher, on-chain analyst Yu Jin has monitored that Tether's current BTC reserve address holds 87,296 BTC (worth $8.84 billions), making it the sixth largest BTC wallet. The BTC stored in this wallet has been purchased by the company using 15% of its profits since 2023. Previously, the company only withdrew the BTC purchased each quarter from a certain exchange on the last day of each quarter. Based on the price at which they withdrew from the exchange, the average purchase price of these BTC is approximately $49,121, and the current unrealized profit is $4.549 billions.
- 00:23Elixir: 80% of deUSD redemptions have been successfully processed in the past 48 hours, and the claim page will go live today.Jinse Finance reported that the DeFi liquidity protocol Elixir stated it has successfully processed redemptions for 80% of deUSD holders (excluding Stream) over the past 48 hours. Currently, Stream holds about 90% of the deUSD supply (approximately $75 million), while a similar proportion of the remaining endorsed assets held by Elixir exists in the form of Morpho loans to Stream. All remaining deUSD and sdeUSD holders will be able to redeem at the pegged value of one dollar. To protect holders' interests and eliminate any risk of Stream liquidating deUSD before repaying the loan, Elixir has taken a snapshot of all remaining deUSD and sdeUSD holder balances, and a claim page will go live later today, allowing these holders to claim USDC. As part of this process, the mint/redeem infrastructure has been shut down, and deUSD will be gradually phased out in the near future. Any affected LPs in AMM pools or lending markets will be able to claim the full value of their positions. Given that Stream accounts for over 99% of the lending positions (and has decided not to repay or close the positions), Elixir will work with Euler, Morpho, Compound, and others to promote the repayment and allocation of Stream loans to liquidate these positions. It is still believed that redemption will be honored at a 1:1 ratio, and information about the claim page will be provided later today.