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The first SUI ETF is listed, an SEC meeting reveals regulatory disagreements, bitcoin price drops due to employment data, US debt surpasses 30 trillions, and the IMF warns of stablecoin risks. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
On its first day of trading, the "first domestic GPU stock" saw an intraday peak increase of 502.03%, with its total market value once exceeding 300 billions RMB. Market analysis shows that a single lot (500 shares) could earn up to 286,900 RMB at the highest point.
On one hand, Vanguard Group has opened trading for Bitcoin ETFs, while on the other, CoinShares has withdrawn its applications for XRP, Solana Staking, and Litecoin ETFs, highlighting a significant divergence in institutional attitudes towards ETFs for different cryptocurrencies.
In Brief The crypto market shows signs of activity ahead of the Fed meeting. Ethereum's strong performance is sparking widespread interest. ARB Coin shows potential with consistent TVL growth.
- 07:00Rainbow Foundation will announce the TGE date early next week.ChainCatcher reports, the crypto wallet Rainbow Foundation will announce the TGE date early next week. In addition, upon token issuance, the Rainbow Foundation will become the largest single shareholder of Rainbow company, holding 20% of the company's equity. Token holders and shareholders will be able to share the same benefits. If Rainbow is acquired in the future, the foundation will be gradually dissolved, and its net assets (including the proceeds from its 20% equity holding) will be distributed to token holders.
- 06:4421Shares founder: Bitcoin unlikely to regain the momentum that led to its January all-time highAccording to ChainCatcher, citing a report from Cointelegraph, 21Shares founder Ophelia Snyder stated that January typically sees a “peak in bitcoin inflows,” as investors rebalance and adjust their portfolios at the beginning of the year, which also leads to activity in exchange-traded funds. However, the current market conditions will make it difficult for bitcoin to replicate the price surge seen at the start of 2025 in 2026: the factors driving current market volatility are unlikely to be fully resolved in the short term, and whether similar results can be achieved next January will largely depend on overall market sentiment.
- 06:36CryptoOnchain: BitMine currently holds about 3% of the total Ethereum supply, and any additional buying pressure could trigger a surge in ETH prices.Jinse Finance reported that CryptoOnchain posted an analysis on X, stating: Is an Ethereum supply squeeze imminent? The BitMine effect emerges, with institutions taking the lead: According to reports, BitMine currently controls about 3% of the total Ethereum supply (3.7 million ETH). In the past 30 days, net outflows from exchanges reached $1.6 billion, confirming this large-scale accumulation trend. Liquidity continues to dry up: Ethereum reserves on exchanges have dropped sharply, with a single-day outflow on November 23 soaring to $3.1 billion, setting a historical record. Currently, the number of withdrawal addresses exceeds deposit addresses by 40%, and circulating inventory is rapidly moving to cold wallet storage. A supply shock is brewing: Record-high staking deposits, combined with continued absorption of circulating tokens by whales like BitMine, are causing market depth to shrink. This constitutes a typical supply squeeze scenario—tradable sell orders in the market will decrease sharply. Conclusion: Data indicates that the current market is exhibiting active accumulation behavior, rather than simple holding. As tradable supply contracts, any new buying pressure could trigger an explosive price surge.