Bitget Daily Briefing (November 20) | The U.S. will release non-farm payroll data and unemployment rate; Ethereum advances quantum-resistant cryptography; LayerZero and KAITO tokens will have a large-scale unlock today

2025-11-20 11:56:04

Collection

Bitget Morning Report on November 20

The U.S. Department of Labor will release the seasonally adjusted non-farm payroll data for September on November 20, 2025, at 21:30 (UTC+8);
The U.S. Department of Labor will release the unemployment rate data for September on November 20, 2025, at 21:30;
LayerZero (ZRO) will unlock approximately 25.71 million tokens on November 20, 2025, at 19:00, valued at about $38.3 million, accounting for 7.29% of the current circulating supply.

Ethereum founder Vitalik Buterin warned at the Devconnect conference that quantum computing could break elliptic curve cryptography before the 2028 U.S. presidential election, suggesting Ethereum transition to quantum-resistant cryptography within four years and launch the "Kohaku" privacy encryption tool;
Nasdaq-listed Onfolio Holdings has secured $300 million in funding to establish a digital asset treasury, with initial investments including BTC, ETH, and SOL, and plans to enhance business growth through cryptocurrency staking;
Tim Scott, Chairman of the U.S. Senate Banking Committee, stated that a committee vote on the cryptocurrency market structure bill is expected "next month," aiming for Senate consideration early next year to clarify the regulatory authority of the SEC and CFTC.

BTC and ETH have experienced 4-hour fluctuations and declines, with the market in extreme panic, approximately $656 million in liquidations over the past 24 hours, primarily from long positions;
The three major U.S. stock indices closed higher, led by technology stocks, with market optimism continuing to rise;
The Bitget BTC/USDT liquidation map shows: Current BTC price 92591, if it falls below 92k, it will trigger a long liquidation waterfall, further dropping to 88k--90k, but the short wall is thin.
In the past 24 hours, BTC spot inflow was $294 million, outflow was $270 million, with a net inflow of $24 million;
In the past 24 hours, BTC, ETH, USDT, XRP, BNB and other cryptocurrencies have seen net outflows in contract trading, indicating potential trading opportunities.

The U.S. Securities and Exchange Commission (SEC) has removed its special focus on crypto assets in its key document review for the fiscal year 2026;
The Office of the Comptroller of the Currency (OCC) has approved banks to hold cryptocurrencies for paying blockchain gas fees;
UBS Group has reached a strategic cooperation with Ant International to explore blockchain-based tokenized currency innovations and global payment solutions;
HSBC Holdings announced plans to launch tokenized deposit services for corporate clients in the U.S. and UAE in the first half of next year.

Ethereum: Launched a unified interoperability layer for seamless use of L2;
21Shares Solana ETF has officially been approved and started trading;
KAITO: Will unlock 8.35 million tokens on November 20, 2025, at 20:00, valued at about $6.4 million, accounting for 2.97% of the current circulating supply;
LayerZero: Soon to complete a large-scale token unlock, increasing liquidity and market attention;
Onfolio Holdings: Initiating cryptocurrency asset staking and treasury construction, deepening business layout;
Base co-founder: Personal token $jesse will launch on the Base platform;
BlackRock registered iShares Ethereum Staking ETF in Delaware;
Polygon: Continuing to advance L2 cross-chain and interoperability solutions, optimizing and expanding development tools;
Polkadot: Ongoing upgrades to on-chain governance and slot auction processes, strengthening ecological collaboration;
Bitget: Optimizing liquidation map data and risk management strategies to support high-frequency trading users.
**Disclaimer: This report is generated by AI, with human verification for information only, and does not constitute any investment advice.