Bitget Daily Briefing (November 25) | Grayscale XRP ETF and Franklin XRP ETF listed; last week, global listed companies net bought $13.4 million in BTC; the release of the U.S. September PCE has been rescheduled to December 5, and the preliminary report of Q3 GDP has been canceled

Today's Outlook

1. The first DOGE spot ETF in the U.S. was listed, with no net inflow on the first day; Grayscale XRP ETF and Franklin XRP ETF were listed, with a total net inflow of $164 million for four XRP spot ETFs in one day.
2. Multicoin Capital purchased $10.94 million worth of AAVE tokens today.
3. Last week, global listed companies net bought $13.4 million in BTC, while Strategy did not purchase Bitcoin last week.

Macro & Hot Topics

1. Federal Reserve's Daly supports a rate cut in December, leading to an 81% probability of a rate cut in December.
2. Bloomberg ETF analyst Eric Balchunas: BlackRock's Bitcoin spot ETF $IBIT has seen a significant decrease in short positions, now close to the low point before the April market surge.
3. Jinshi: The U.S. September PCE has been rescheduled for release on December 5, and the preliminary Q3 GDP report has been canceled.

Market Trends

1. BTC rebounded above $89,000, and ETH rebounded above $2,900, with approximately $356 million in liquidations across the crypto market in 24 hours, including $237 million in short liquidations.
2. U.S. stocks: The Dow Jones rose 0.44%, the S&P 500 rose 1.55%, and the Nasdaq Composite rose 2.69%.
   
3. Bitget BTC/USDT liquidation map shows: BTC current price around $87,708, with the area between $85,400 and $86,500 being a high-leverage zone for bulls; if it falls back to this range, it will trigger continuous liquidations for bulls. The area between $89,000 and $90,500 has concentrated short leverage; if the price surges into this range, it may easily trigger short liquidations and push the market up.
   
4. In the past 24 hours, BTC spot inflow was $244 million, outflow was $272 million, resulting in a net outflow of $28 million.
   

News Updates

1. The U.S. Department of Efficiency (DOGE): Reports from Reuters about its dissolution are fake news.
2. The Japanese Financial Services Agency plans to establish new regulations requiring crypto exchanges to set up reserve funds.
3. The crypto industry lobbying group "Stand With Crypto" has launched a candidate questionnaire for the 2026 midterm elections.
4. A San Francisco holder was robbed by a disguised delivery person, losing $11 million in crypto assets.

Project Updates

1. About 7 hours ago, a whale spent 1.35 million USDC to purchase 37 million MON.
2. Circle minted 500 million USDC on the Solana network early this morning.
3. The absurd meme coin SPSC, inspired by the WLFI founder, surged 130% after receiving official endorsement from WLFI.
4. TD Cowen: The Bitcoin premium for Strategy is approaching the "crypto winter" low, but maintains a buy rating.
5. Yesterday, BlackRock transferred 900 Bitcoins to Coinbase again, worth about $77.59 million.
6. BitcoinTreasuries.NET: New Jersey pension funds increased their holdings in Strategy to $16 million.
7. Arthur Hayes: The Federal Reserve's liquidity has slightly improved, and Bitcoin may hold above $80,000.
8. CoinShares: Digital asset investment products saw a net outflow of $1.94 billion last week.
9. Irys: The IRYS token airdrop claim will open today at 20:00 (UTC+8).
   **Disclaimer: This report is generated by AI, and human verification is only for information purposes, not for any investment advice.