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No results1Bitget Daily Digest (Nov 12)|Solana financial firm Upexi posts record quarterly results; Nick Timiraos: “Fed increasingly divided over December rate cut”; Injective launches native EVM mainnet, advancing MultiVM roadmap2Zero flow to Bitcoin ETFs: The market sulks despite a favorable context3Chainlink Price Prediction 2025: Is LINK Positioned to Gain Most from Tokenization Growth?
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- 06:19Data: Matrixport—Hidden Liquidity Risks in the Crypto Market Are Rising, Market Cap Increases but Trading Volume Does Not Keep UpChainCatcher News, Matrixport has released its latest research chart indicating that although the total market capitalization of crypto assets has risen from $2.4 trillion to $3.7 trillion over the past 12 months, market trading volume has shrunk from $352 billion to $178 billion, a decrease of about 50%. This suggests a structural cooling of the market and relatively scarce liquidity. The report believes that the contraction in trading volume reflects a decline in market participation and weakening momentum, serving as a potential cautionary signal. On-chain data also shows that bitcoin may have entered a phase of bear market. Although long-term catalysts remain, short-term momentum is insufficient to support sustained price increases. In a low-liquidity environment, exchange pressure is rising, and market activity and trading revenue may continue to face downward pressure.
- 06:05VCI Global plans to spend 100 million USD to acquire Oobit tokens (OOB) from the Tether-backed crypto payment company OobitChainCatcher reported that Malaysian technology consulting firm VCI Global plans to acquire $100 millions worth of OOB tokens. OOB is a utility token issued by Oobit, a crypto payment company backed by Tether. According to the transaction structure, VCI Global has already acquired $50 millions worth of OOB tokens by issuing restricted shares to the OOB Foundation. The company stated on Tuesday that it plans to purchase an additional $50 millions worth of tokens on the secondary market after the public offering of the token. VCI Global said that upon completion of the transaction, Tether will become its largest shareholder.
- 04:52The US House of Representatives will vote at 5 a.m. tomorrow to decide whether to end the government shutdown, while several altcoin ETFs are awaiting SEC approval to be listed.BlockBeats News, November 12, the U.S. House of Representatives will vote tonight on whether to end the ongoing 42-day U.S. government shutdown. (Wednesday 4:00 PM Eastern Time, which is Thursday 5:00 AM Beijing Time) Once the government reopens, the market will gain access to clear data, which may to some extent eliminate the current pessimistic uncertainty. Previously, the U.S. Senate approved a bill to end the government shutdown on the morning of the 11th (Beijing Time), and has forwarded it to the House of Representatives. It is worth noting that currently, several spot ETF products for altcoins have already been listed on the DTCC (Depository Trust & Clearing Corporation) website, including XRP ETFs from five issuers such as Franklin and Bitwise, as well as 21Shares' Polkadot ETF, DOGE ETF, Sui ETF, and Bitwise's Chainlink ETF. Although this does not indicate that the ETF has received any regulatory approval or any definitive outcome of the approval process, listing on the DTCC website is considered a "standard procedure" for launching new ETFs. In addition, Canary has submitted an 8-A form for its XRP spot ETF, which is the final step before its application becomes effective. Once approved for listing by Nasdaq, the first XRP spot ETF may officially launch at the opening on Thursday. Institutions such as Swiss crypto banking group Sygnum have analyzed that investors are looking forward to the end of the government shutdown, which could prompt the U.S. SEC to "approve a batch" of altcoin ETFs, thereby catalyzing "a new wave of institutional capital inflows."