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1Bitget 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?
Bitcoin slides near $103,000 as December rate cut becomes more uncertain
Quick Take Bitcoin fell near $103,000 on Tuesday, driven primarily by investor profit-taking and macroeconomic uncertainties. Hopes for a December interest rate cut have dwindled following a report detailing growing internal conflict among Federal Reserve officials over the decision.
The Block·2025/11/12 09:15
Coin Metrics: Why has the current bitcoin cycle been extended?
With institutions stepping in and volatility cooling down, bitcoin is entering a smoother and more mature cycle.
ForesightNews 速递·2025/11/12 08:54
The world's most notorious Bitcoin hater has retired.
The Oracle of Omaha has written his final letter. What he and Charlie Munger have left for the crypto world is a "negative timeline" spanning a decade.
ForesightNews 速递·2025/11/12 08:53
Stablecoin issuers are becoming more "bank-like", Polkadot plans to launch a true Web3 stablecoin!
PolkaWorld·2025/11/12 08:48
Gavin Wood Speech: JAM Delivery Status and the Medium- to Long-Term Strategy for Introducing ZK into JAM!
PolkaWorld·2025/11/12 08:47
Polkadot Deployment Portal: Why should projects choose to deploy on Polkadot instead of becoming an L2?
PolkaWorld·2025/11/12 08:44
Flash
- 09:25Sonic Labs launches fee monetization system to drive native token into deflationary mechanismChainCatcher reported that Sonic Labs CEO Mitchell Demeter has announced the launch of a new Fee Monetization (FeeM) system to implement a deflationary model for its native token S. This system establishes a tiered reward mechanism for ecosystem builders, with reward ratios ranging from 15% to 90% depending on network usage. Validators will receive a fixed 10% share of transaction fees, while the remaining portion will be burned. Transaction fees on the Sonic chain are paid in S tokens. Demeter stated that this move aims to incentivize both developers and validators while strengthening long-term value through token burning. He pointed out, "Our goal is to increase deflationary strength and reinforce long-term value alignment." The system will be officially implemented through on-chain governance voting. In addition, Demeter revealed that Sonic is about to enter a "new phase," including a US expansion plan approved by governance, as well as the introduction of certain Ethereum Improvement Proposals (EIP) and proprietary Sonic Improvement Proposals (SIP) to enhance developer usability and interoperability.
- 09:08Phantom CEO: The company has no intention of launching its own blockchain or pursuing an IPOOn November 12, according to the Empire podcast, Phantom wallet CEO Brandon Millman stated that the company has no intention of launching its own blockchain or pursuing an IPO. The current focus remains on the Solana ecosystem and products aimed at mainstream users. He said that building a proprietary chain goes against the principles of openness and composability in the crypto industry, and Phantom will continue to deepen its involvement in Solana. Brandon also mentioned that although the company has the potential to go public, it prefers to rely on support from investors such as a16z, Paradigm, and Sequoia, and to continue expanding through private fundraising.
- 09:04Bernstein: The United States is expected to become the global crypto hub after the regulatory framework is establishedChainCatcher reported that Wall Street brokerage Bernstein stated in its latest report that as the US crypto regulatory framework gradually takes shape, the country is entering a critical stage toward becoming the global center of crypto capital. The report pointed out that the implementation of the GENIUS Act has driven the expansion of the stablecoin market, pushing the total supply of USD stablecoins beyond 260 billions USD; the CLARITY Act, expected to be launched by the end of 2025, will for the first time clarify the market structure of digital assets in the US, define the regulatory boundaries between the SEC and CFTC, and end years of regulatory uncertainty. The Bernstein analyst team stated that the "Project Crypto" led by SEC Chairman Atkins is at the core of this transformation, aiming to deeply integrate the securities market with blockchain infrastructure and exclude most crypto assets from securities law, thereby allowing tokenized stocks and bonds to circulate under a unified regulatory system. The report also noted that US crypto ETF assets have reached 160 billions USD, with institutional investors accounting for about a quarter; since the beginning of 2024, the total IPO financing of crypto companies has exceeded 4 billions USD, and the total market value of listed crypto companies has increased from 80 billions USD to 380 billions USD. A certain exchange and Robinhood have been included in the S&P 500 index. Bernstein believes that a clear regulatory path, the return of institutional capital, and the maturity of on-chain financial infrastructure are driving the formation of a more sustainable new crypto cycle.