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Share link:In this post: One Bitcoin is now more valuable than 1kg of gold as BTC breaches $89k. Analysts believe Bitcoin is just getting started and is still due for more value rallies. The Bitcoin industrial complex recorded $38 billion in daily trading volume, with BTC ETFs and MSTR and COIN stocks attracting record market interest.
Quick Take BlackRock’s BUIDL fund, tokenized by Securitize, is expanding from Ethereum to the Aptos, Arbitrum, Avalanche, Optimism and Polygon blockchains. BUIDL currently leads the tokenized government securities niche with $517 million in assets under management — equivalent to a market share of roughly 22%.
Quick Take Pepe surged in price following Robinhood’s announcement that it has listed the memecoin for spot trading, and an update from Coinbase revealing it will also list the token later today. The memecoin has surged by over 30% in the past hour, and over 40% in the past 24 hours.
Quick Take Bitcoin and crypto industry advocate Pete Hegseth has been nominated for Secretary of Defense by President-elect Donald Trump. Hegseth recently said Trump is “making bitcoin great again” amid the more crypto-friendly regulatory environment anticipated under his administration.
Quick Take President-elect Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead his new Department of Government Efficiency (DOGE). In a note to clients late Tuesday, Bitwise CIO Matt Hougan made the case for a $500,000 bitcoin price before the cryptocurrency’s early stage comes to an end and the asset “matures.” Zero Gravity Labs (0G Labs or 0GL), a crypto-AI startup developing infrastructure for a decentralized AI operating system, has secured $290 million
- 05:14The US Ethereum spot ETF had a total net inflow of 2.834 million USD yesterday, with the ETF net asset ratio reaching 2.44%According to SoSoValue data, yesterday (Eastern Time November 25), the total net inflow of Ethereum spot ETF was $2.834 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE had a single-day net outflow of $7.6463 million, and the current historical net outflow of ETHE is $334.6 million. Grayscale's Mini Ethereum Trust ETF ETH had a single-day net outflow of $3.9565 million, and the current total historical net inflow for Grayscale's Mini Ethereum Trust ETH is $36.3 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Bitwise ETF ETHW, with a single-day net inflow of $8.7491 million; currently, the total historical net inflow into ETHW has reached $39 million. Next is Fidelity’s ETF FETH with a daily influx of 4.3563 Million USD; currently FETH’s cumulative historic influx stands at 70.9 Million USD. As of press time, the total asset value of Ethereum spot ETFs is 1 billion dollars and 27 millions dollars , The ratio between their Net Asset Value (NAV) compared to Etherum’s market cap stands at 2.44%, while its cumulative historic influx has reached up to110 Million USD.
- 05:13The US Bitcoin spot ETF had a net outflow of $438 million yesterday, marking the first net outflow after five days of net inflowsAccording to SoSoValue data, as of yesterday (Eastern Time November 25), the total net outflow of Bitcoin spot ETFs was $438 million. Yesterday, Grayscale's ETF GBTC had a single-day net outflow of $158 million, with a historical net outflow of $20.484 billion. Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of $4.205 million, with a historical total net inflow of $697 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT, which had a single-day net inflow of $268 million and has reached a historical total net inflow of $31.6 billion. As at press time, the total asset value for Bitcoin spot ETFs is at about 1022.30 billion dollars; the ratio between their market cap and that of all Bitcoins in circulation is around 5.44%. The cumulative historic flow into these funds totals approximately 304.04 billion dollars.
- 05:07Top trader Eugene: Currently experiencing the most challenging altcoin season, the degree of fluctuation is hard to predictTop trader Eugene stated on his social media platform, "I think this is the most challenging bull market alt season I've ever experienced. Capital flow means nothing to me, and it's hard to predict the degree of fluctuation. At this time, I would usually ask for a proper alt rotation on most of the popular tokens in the community, but now I'm not so sure. Currently observing and waiting while preserving capital." Yesterday, he said "I have taken profits from long positions. It is advised to remain cautious."
