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Bitget Daily Digest (Nov 25) | Grayscale XRP ETF and Franklin XRP ETF go live; Public companies bought a net $13.4M BTC last week; U.S. September PCE rescheduled to December 5, and Q3 GDP advance report canceled

Bitget Daily Digest (Nov 25) | Grayscale XRP ETF and Franklin XRP ETF go live; Public companies bought a net $13.4M BTC last week; U.S. September PCE rescheduled to December 5, and Q3 GDP advance report canceled

Bitget2025/11/25 03:14

By:Bitget

Today’s Outlook

1、The first U.S. DOGE spot ETF listed with no net inflow on opening day; Grayscale XRP ETF and Franklin XRP ETF launched, bringing total daily net inflow of the four XRP spot ETFs to $164 million.

2、Multicoin Capital purchased $10.94 million worth of AAVE today.

3、Publicly listed companies worldwide net bought $13.4 million in BTC last week, while Strategy made no new Bitcoin purchases.

Macro & Hot Topics

1、Fed’s Daly expressed support for a December rate cut, pushing the probability of a December cut to 81%.

2、Bloomberg ETF analyst Eric Balchunas: Short interest on BlackRock’s Bitcoin spot ETF $IBIT has dropped sharply, now near levels seen before the April rally.

3、JIN10: U.S. September PCE moved to December 5, and the Q3 GDP advance report has been canceled.

Market Performance

1、BTC rebounded above $89,000, ETH climbed above $2,900; total 24h crypto liquidations reached $356M, with $237M from short positions.

2、U.S. stocks: Dow +0.44%, S&P 500 +1.55%, Nasdaq +2.69%.

Bitget Daily Digest (Nov 25) | Grayscale XRP ETF and Franklin XRP ETF go live; Public companies bought a net $13.4M BTC last week; U.S. September PCE rescheduled to December 5, and Q3 GDP advance report canceled image 0

3、Bitget BTC/USDT Liquidation Map: BTC currently around $87,708.

Downside: $85,400–86,500 is a dense high-leverage long zone — a drop into this range may trigger cascading long liquidations.

Upside: $89,000–90,500 gathers concentrated short leverage — a move up could trigger short squeezes and push price higher.

4、Past 24h BTC spot flows: $244M inflow, $272M outflow, net outflow $28M.

News Updates

1、U.S. Department of Government Efficiency (DOGE): Reuters’ report claiming the department had been dissolved is fake news.

2、Japan’s FSA plans new rules requiring crypto exchanges to set up liability reserves.

3、Crypto advocacy group Stand With Crypto launches its questionnaire for 2026 midterm election candidates.

4、A San Francisco crypto holder was robbed by a fake deliveryman, losing $11 million in crypto assets.

Project Updates

1、About 7 hours ago, a whale spent 1.35 million USDC to buy 37 million MON tokens.

2、Circle newly minted 500 million USDC on Solana early this morning.

3、Meme coin SPSC, inspired by the WLFI founder, surged 130% after receiving WLFI’s official endorsement.

4、TD Cowen: Strategy’s Bitcoin premium is approaching “crypto winter” lows but maintains a Buy rating.

5、BlackRock transferred 900 BTC (worth ~$77.59M) to Coinbase yesterday.

6、BitcoinTreasuries.NET: New Jersey Pension Fund increased its Strategy holdings to $16 million.

7、Arthur Hayes: Fed liquidity has slightly improved; Bitcoin may hold the $80,000 level.

8、CoinShares: Digital asset investment products saw $1.94 billion net outflows last week.

9、Irys: IRYS token airdrop claim opens today at 20:00 (UTC+8).

Disclaimer: This report is AI-generated. Human reviewers only verify information. This does not constitute 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.

- The Trump-era DOGE agency, dissolved 8 months early in Nov 2025, aimed to cut $2 trillion in federal spending but struggled with coordination and lacked legislative framework. - Despite Elon Musk's involvement and $335M in reported savings, DOGE's erratic operations and internal disputes led to its absorption into the Office of Personnel Management. - Legal challenges persist as former USAID staff seek transparency, while supporters argue its efficiency principles remain active despite the abrupt shutdow

Bitget-RWA•2025/11/25 05:28

DOGE drops by 0.22% as Government Efficiency Agency Faces Dissolution

LUNA Drops 0.27% as Stablecoin Market Cap Continues to Fall

- LUNA fell 0.27% in 24 hours to $0.0733, showing a 82.3% annual decline amid broader bearish trends. - Stablecoin market cap dropped to $3028.37B (-0.33% weekly), marking its largest monthly decline since 2022's LUNA collapse. - Analysts link LUNA's struggles to waning investor trust in algorithmic stablecoins and heightened regulatory scrutiny. - Market shifts favor fully collateralized stablecoins, pressuring complex mechanisms like LUNA's hybrid model.

Bitget-RWA•2025/11/25 05:28

LUNA Drops 0.27% as Stablecoin Market Cap Continues to Fall

ZEC rose by 0.18% on November 25 as a result of short-selling fluctuations and portfolio rebalancing

- ZEC rose 0.18% on Nov 25 despite a 20.61% weekly decline, surging 825.18% annually amid volatile short-position liquidations. - A top short trader lost $2.78M after 31 liquidations as BTC/SOL prices spiked, reducing their BTC short exposure by 47%. - The "Top ZEC Short" opened a $3.48M MON short at $0.032, while the largest MON long faces liquidation at $0.0248. - Market dynamics highlight ZEC's role as a short-term confidence barometer, with institutional short-covering rallies under bearish pressure.

Bitget-RWA•2025/11/25 05:28

ZEC rose by 0.18% on November 25 as a result of short-selling fluctuations and portfolio rebalancing

Bitcoin Updates: Senate Deadlock Over CLARITY Act Triggers Volatility in Crypto Markets

- Bitcoin fell below $82,000, losing $1 trillion in value due to macroeconomic risks and stalled U.S. crypto regulation (CLARITY Act). - Federal Reserve's delayed rate cuts and political gridlock over CLARITY Act deepened uncertainty, eroding market confidence. - Firms introduced leveraged tools and AI staking to navigate volatility, highlighting sector resilience amid leverage risks. - Deutsche Bank warned Bitcoin's 46% Nasdaq correlation weakens its value proposition, while political crypto advocacy grow

Bitget-RWA•2025/11/25 05:20