Bitget Daily Morning Report: Monad plans to launch mainnet and native token MON on November 24; U.S. government shutdown may delay crypto market structure legislation to 2026
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Bitget Daily Morning Report: Monad plans to launch mainnet and native token MON on November 24; U.S. government shutdown may delay crypto market structure legislation to 2026
Japan becomes the 11th country to use official resources to support Bitcoin mining.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. Axioma Token (AXT) will unlock approximately 18.33 million tokens at around 00:00 on November 7, 2025, valued at approximately $22.68 million;
2. Openverse Network (BTG) will unlock approximately 3.87 million tokens at around 00:00 on November 7, 2025, valued at approximately $66.11 million;
3. Omni Network (OMNI) will unlock approximately 11.4 million tokens at around 00:00 on November 7, 2025, valued at approximately $33.09 million;
Macro & Highlights
1. Japan becomes the 11th country to use official resources to support Bitcoin mining;
2. Multiple whale wallets have accumulated nearly 400,000 ETH over the past three days, totaling over $1.36 billion;
3. A potential U.S. government shutdown may delay crypto market structure legislation until 2026;
4. The EU will roll out a new digital currency regulatory framework by year-end, granting ESMA greater cross-border supervisory authority to build a "European SEC" and enhance competitiveness in crypto finance;
5. U.S. spot Bitcoin ETFs saw net outflows of $135.94 million yesterday;
6. JPMorgan CEO Dimon: We are heading into an economic recession with credit implications, though timing remains uncertain;
Market Trends
1. BTC and ETH rebounded slightly after a sharp correction. Market sentiment has turned fearful, with about $46.06 million liquidated in the past 4 hours, mostly long positions;
2. U.S. stocks rose on Wednesday, with the Dow up 0.48%, Nasdaq up 0.65%, and S&P 500 up 0.37%. AI sector rebounded as better-than-expected employment data boosted markets;
3. Bitget BTC/USDT liquidation map shows dense high-leverage long liquidations around current price level of 103,502; a breakdown could trigger further cascading liquidations, so short-term volatility should be closely monitored;
4. In the past 24 hours, BTC spot inflows were $2.93 billion, outflows $3.46 billion, resulting in net outflows of $0.53 billion;
5. Over the past 24 hours, BTC, ETH, USDT, XRP, BNB and other futures contracts led net outflows, possibly indicating trading opportunities;
News Updates
1. Franklin Templeton launches Hong Kong’s first AI-driven tokenized fund;
2. Bloomberg: Ripple President Monica Long says the company has “no IPO plans or timeline” for now;
3. A user lost aBasUSDC after signing a malicious permit signature, with total losses exceeding $300,000;
4. Gemini is preparing to enter the prediction market, with relevant contracts awaiting CFTC approval to expand its financial product line;
Project Updates
1. MOVA launches native token and MOVA Liquid derivatives protocol;
2. MegaETH announces public sale allocation strategy, with early-identified community members receiving about 25% USD allocation;
3. Folks Finance will launch native token FOLKS on November 6, with initial release of 25.4% of supply;
4. Monad plans to release L1 mainnet and native token MON on November 24;
5. Ripple's stablecoin RLUSD market cap surpasses $1 billion;
6. Tuttle files for "Crypto Blast" single-stock ETF, aiming to combine put spreads with crypto ETFs;
7. Wall Street Journal: OpenAI CFO says OpenAI is not yet preparing for an IPO;
8. Kamino announces an increase of $10 million in PT-eUSX deposit capacity;
9. Chainlink partners with Dinari to bring the S&P Cryptocurrency Stock Index on-chain;
10. Folks Finance will open FOLKS airdrop claims today.
Disclaimer: This report is generated by AI, with human verification only for information accuracy. No investment advice is provided.
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