Crypto Morning News: SOL Market Cap Surpasses $100 Billion, DOGE Soars Alongside Musk
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Crypto Morning News: SOL Market Cap Surpasses $100 Billion, DOGE Soars Alongside Musk
When Bitcoin continuously hits new all-time highs, investors need to implement appropriate risk management.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Bitcoin broke above $81,000 this morning, SOL market cap surpassed $100 billion, DOGE overtakes USDC as the 6th largest cryptocurrency by market cap
Bitcoin surged past $81,000 early this morning, peaking at $81,500. SOL’s market capitalization has exceeded $100 billion. DOGE rose 30.8% over the past 24 hours, reaching a market cap of $42.9 billion, surpassing USDC ($36.9 billion) to become the sixth-largest cryptocurrency by market cap.
Arthur Hayes: Bitcoin market signals suggest Trump may abandon the dollar and engage in massive money printing
BitMEX co-founder Arthur Hayes shared on social platform X that Bitcoin’s market movement suggests Donald Trump might pursue large-scale monetary expansion.
Hayes stated: “Some people don’t believe Trump will abandon the dollar and print money heavily. But Bitcoin is saying otherwise—it’s leading my newly created money supply indicator, U.S. bank credit. Market action speaks louder than words.”
ARB, AVAX, STRK and other tokens face major unlocks this week, with over $100 million in value released
According to Token Unlocks data, ARB, AVAX, and STRK are among the tokens facing significant token unlocks this week, releasing over $100 million in total value:
Arbitrum (ARB) will unlock 92.65 million tokens at 21:00 on November 16, valued at approximately $58.13 million, representing 2.33% of circulating supply;
Avalanche (AVAX) will unlock 1.67 million tokens at 08:00 on November 18, worth about $53.3 million, or 0.41% of circulating supply;
Starknet (STRK) will unlock 64 million tokens at 08:00 on November 15, valued at around $29.72 million, accounting for 3.05% of circulating supply;
Nervos Network (CKB) will unlock 1.34 billion tokens at 08:00 on November 16, worth approximately $19.82 million, or 2.99% of circulating supply.
Cardano Founder: Will collaborate with lawmakers and government to pass bipartisan legislation
Charles Hoskinson, founder of Cardano, recently announced plans to work with legislators and governments to advance bipartisan crypto legislation. His company, Input Output Global (IOG), will establish a dedicated policy division focused on regulatory frameworks. This office will aim to incorporate provisions from both the FIT21 (Financial Innovation and Technology for the 21st Century Act) and RFIA (Responsible Financial Innovation Act) into future regulations.
MicroStrategy’s Bitcoin holdings now have unrealized gains exceeding $10 billion
With Bitcoin currently trading around $80,000, MicroStrategy’s Bitcoin holdings have achieved unrealized profits exceeding $10 billion. As of yesterday, MicroStrategy holds a total of 252,220 Bitcoins, with an aggregate purchase cost of approximately $9.9 billion and an average acquisition price of about $39,266.
CZ: Investors should apply proper risk management when Bitcoin keeps hitting new all-time highs
CZ posted on social media urging investors to practice appropriate risk management during periods when Bitcoin continuously reaches new highs. He warned there will be many more lows (and highs) ahead, emphasizing the importance of self-control, managing greed, and avoiding putting all assets into a single investment.
Santiment: Growth during this Bitcoin bull run could redistribute profits into Ethereum
Santiment analyzed that Ethereum, currently trading around $3,120, is finally showing strong momentum after maintaining its position as the second-largest cryptocurrency by market cap for nearly eight years.
Whale transaction data indicates a significant increase in activity among key Ethereum stakeholders. Their movements helped push ETH to its highest level in 14 weeks. Additionally, ETH trading volume has recently climbed to $10.4 billion. Santiment expects that growth during this Bitcoin bull cycle may lead to profit reallocation into Ethereum, potentially driving it to new all-time highs, while network activity appears robust.
Stacks Founder Expects sBTC Upgrade Launch by Early December
Muneeb Ali, co-founder of Stacks—a Bitcoin Layer 2 network—hinted that the next major upgrade is approaching. In a post on X, Ali indicated that the upcoming sBTC token could launch as early as next month. “Early December is the target,” he wrote. “sBTC v1 seems to be on track, with further upgrades expected in January and beyond.”
Stacks promotes sBTC as a solution to Bitcoin’s “write problem”—the challenge of writing data directly onto the Bitcoin mainchain, which is essential for decentralized finance applications. According to Stacks’ announcement, sBTC will “enable smart contracts to programmatically send sBTC to BTC addresses where it becomes pegged to BTC.” Stacks believes this novel decentralized two-way peg offers a more decentralized alternative aligned with Bitcoin’s core philosophy, unlocking new value.
Current Fed Chair Powell: Will not resign due to Trump; President lacks legal authority to remove him
According to Jinshi News, the Federal Reserve announced a 25-basis-point rate cut as expected this week, lowering the federal funds rate target range to 4.5%–4.75%. All 12 FOMC voting members supported the decision. The policy statement removed previous references to progress on inflation and greater confidence in achieving targets, instead highlighting balanced risks to employment and inflation. Fed Chair Powell said future decisions will depend on economic data, allowing for faster or slower rate cuts as needed. Given high uncertainty, he emphasized that providing extensive forward guidance isn't appropriate now, though the Fed will gradually move toward a neutral policy stance. Powell also affirmed that the election would not influence the Fed’s recent policy decisions, stating he will not resign because of Trump, and the president has no legal power to dismiss him.
It is reported that Trump’s election victory has led traders to reduce bets on Fed rate cuts next year, expecting only one or two cuts in the first half of 2025 before pausing.
Vitalik: AI is a key technology to drive info finance over the next decade; prediction markets are just one use case
Vitalik published an article titled *From Prediction Markets to Info Finance*, arguing that while existing prediction markets are already highly useful tools for society, they represent merely one application within a broader category known as "info finance," which holds transformative potential across social media, science, journalism, governance, and beyond. Over the next decade, several factors create a unique opportunity:
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Info finance addresses real-world trust deficits. A common concern today is the lack of knowledge—and worse, consensus—about whom to trust in politics, science, and business. Info finance applications can help address this gap.
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Scalable blockchains now exist as foundational infrastructure. Until recently, fees were too high to make these ideas practical. Now, costs are low enough.
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Artificial intelligence as participants. When info finance relies solely on human input for every question, scalability is limited. AI dramatically improves this situation, enabling effective markets even for niche topics. Many markets may feature hybrid participation between AI and humans, especially when the number of questions suddenly scales from small to large.
Market Data
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Bitcoin Market Report: Key Trends, Insights, and Bullish Price Predictions
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