Bitget Daily Morning Report: SEC cancels crypto assets chapter, Solana ETF launches today
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Bitget Daily Morning Report: SEC cancels crypto assets chapter, Solana ETF launches today
Bitcoin falls below $90,000, liquidating over 170,000 traders.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. The Neutron (NTRN) network upgrade is scheduled for 23:00 on November 19, 2025 at block height 40729000, supporting improved network performance and optimization;
2. LayerZero (ZRO) will unlock 25.71 million tokens worth approximately $36.76 million on November 20, 2025, representing 7.29% of the total circulating supply;
3. Fidelity’s Solana ETF (FSOL) is set to launch on November 19 with a management fee of 0.25%;
Macro & Highlights
1. The U.S. Securities and Exchange Commission (SEC)’s newly released Fiscal Year 2026 Examination Priorities document has notably removed the dedicated cryptocurrency section for the first time, focusing instead on fiduciary duties, custody, customer data protection, and AI-related risks—interpreted by markets as a shift in regulators’ stance toward digital assets;
2. Bitcoin price briefly dropped below $90,000 over the past 24 hours, hitting a 7-month low, triggering liquidations totaling $947 million to $1.015 billion and affecting over 170,000 to 180,000 traders, primarily long positions, due to institutional outflows, macro uncertainty, and high-leverage liquidations;
3. Nasdaq-listed Onfolio Holdings secured $300 million in funding to establish a digital asset treasury, initially investing in BTC, ETH, SOL, and enhancing balance sheets and business growth through crypto staking;
4. The Office of the Comptroller of the Currency (OCC) approved banks holding cryptocurrencies to pay blockchain "gas fees";
Market Trends
1. BTC and ETH both saw slight declines over the last 4 hours, with cautious-to-bearish market sentiment; total liquidations over the past 24H reached $165 million, predominantly long positions;
2. All three major U.S. stock indices closed lower, with tech and blue-chip sectors under pressure, indicating rising market risk aversion;
3. Bitget BTC/USDT liquidation map shows BTC’s current price at 92,574 USDT, with dense long liquidations concentrated in the 90,000–94,000 range; a breakdown could trigger cascading liquidations, warranting caution against sharp downside moves;
4. Over the past 24 hours, BTC, ETH, USDT, XRP, BNB led in net outflows from futures trading, potentially presenting trading opportunities;
News Updates
1. The U.S. Securities and Exchange Commission (SEC) removed dedicated focus on crypto assets in its Fiscal Year 2026 Examination Priorities;
2. The Office of the Comptroller of the Currency (OCC) approved banks to hold cryptocurrencies for paying blockchain gas fees;
3. UBS Group and Ant International formed a strategic partnership to explore blockchain-based tokenized currency innovations, supporting global payments, settlements, and liquidity management;
4. Ethereum co-founder Vitalik Buterin launched Kohaku, a privacy-enhancing cryptographic tool, boosting privacy and security within the Ethereum ecosystem;
Project Developments
1. Franklin Templeton will launch an XRP ETF on November 18;
2. Bitwise will trade XRP ETF between November 19–20;
3. New Hampshire approved the first $100 million municipal bond backed by Bitcoin collateral;
4. Mutuum Finance (MUTM) has raised $18.8 million with 18,000 holders; its V1 testnet is set to launch in Q4;
5. Kazakhstan lifted restrictions on cryptocurrency mining and trading, with new regulations taking effect in 60 days;
6. zkSync (ZK) will unlock 173.41 million ZK on November 19, representing 0.83% of circulating supply;
7. Merlin Chain (MERL) will unlock 36.14 million MERL on November 19, accounting for 1.72% of total supply;
8. Fidelity will launch its Solana ETF (FSOL) on November 19 with a 0.25% management fee;
9. Canary Funds will launch a Solana ETF (SOLC) on November 19, integrating on-chain staking;
10. Filecoin launched Onchain Cloud, with the testnet already live and mainnet planned for January 2026;
Disclaimer: This report is AI-generated; human input was limited to information verification. It does not constitute any investment advice.
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