Bitget Daily Briefing (November 6) | Monad plans to launch its mainnet and native token MON on November 24; U.S. government shutdown may delay cryptocurrency market structure legislation until 2026

Today's Outlook

1. Axioma Token (AXT) will unlock approximately 18.33 million tokens at 00:00 on November 7, 2025, worth about 22.68 million USD;
2. Openverse Network (BTG) will unlock approximately 3.87 million tokens at 00:00 on November 7, 2025, worth about 66.11 million USD;
3. Omni Network (OMNI) will unlock approximately 11.4 million tokens at 00:00 on November 7, 2025, worth about 33.09 million USD;

Macro & Hotspots

1. Japan becomes the 11th country to officially support Bitcoin mining with government resources;
2. Several whales have purchased nearly 400,000 ETH in the past three days, totaling over 1.36 billion USD;
3. The U.S. government shutdown may delay cryptocurrency market structural legislation until 2026;
4. The EU plans to introduce a new digital currency regulatory framework by the end of the year, granting ESMA greater cross-border regulatory power, creating a "European SEC" and enhancing competitiveness in crypto finance;
5. The U.S. spot Bitcoin ETF saw a net outflow of 135.94 million USD yesterday;
6. JPMorgan CEO Dimon: We are heading towards an economic recession with credit impacts, but the exact timing is unclear;

Market Trends

1. BTC and ETH have rebounded slightly after a significant correction, with market sentiment shifting to fear; approximately 46.06 million USD was liquidated in the past 4 hours, primarily from long positions;
2. U.S. stocks closed higher on Wednesday, with the Dow up 0.48%, the Nasdaq up 0.65%, and the S&P 500 up 0.37%, as the AI sector rebounded and better-than-expected employment data boosted the market;

3. Bitget BTC/USDT liquidation map shows that the current price around 10,3502 has a high concentration of long liquidations, and a breakdown may trigger further sell-offs; short-term caution is advised for volatility;

4. In the past 24 hours, BTC spot inflows were 2.93 billion USD, outflows were 3.46 billion USD, resulting in a net outflow of 0.53 billion USD;

5. In the past 24 hours, net outflows from contract trading of BTC, ETH, USDT, XRP, BNB, etc., have led, indicating potential trading opportunities;

News Updates

1. Franklin Templeton launches Hong Kong's first AI-driven tokenized fund;
2. Bloomberg: Ripple President Monica Long states that the company "currently has no IPO plans or timeline";
3. A user lost aBasUSDC after signing a malicious permit, with total losses exceeding 300,000 USD;
4. Gemini is preparing to enter the prediction market, with related contracts awaiting CFTC approval to expand its financial product line;

Project Progress

1. MOVA launches its native token and MOVA Liquid derivatives protocol;
2. MegaETH announces public allocation strategy, having identified the community for approximately 25% USD allocation;
3. Folks Finance will launch its native token FOLKS on November 6, releasing 25.4% of the supply for the first time;
4. Monad plans to launch its L1 mainnet and native token MON on November 24;
5. Ripple's stablecoin RLUSD market cap surpasses 1 billion USD;
6. Tuttle applies for a "Crypto Blast" single-stock ETF, intending to combine put spreads with crypto ETFs;
7. The Wall Street Journal: OpenAI's CFO states that OpenAI is not yet prepared for an IPO;
8. Kamino announces an increase of 10 million USD in PT-eUSX deposit capacity;
9. Chainlink partners with Dinari to bring the S&P Crypto Stock Index on-chain;
10. Folks Finance will open FOLKS airdrop claims today.
    **Disclaimer: This report is generated by AI, with human verification for information only, and does not constitute any investment advice.