Bitget Daily Morning Report: US to release non-farm payroll data and unemployment rate, Ethereum advances post-quantum cryptography
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Bitget Daily Morning Report: US to release non-farm payroll data and unemployment rate, Ethereum advances post-quantum cryptography
LayerZero and KAITO token unlock large amounts today.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. The U.S. Department of Labor will release the seasonally adjusted non-farm payroll employment data for September at 21:30 (UTC+8) on November 20, 2025;
2. The U.S. Department of Labor will release the September unemployment rate data at 21:30 on November 20, 2025;
3. LayerZero (ZRO) will unlock approximately 25.71 million tokens worth about $38.3 million at 19:00 on November 20, 2025, accounting for 7.29% of the current circulating supply.
Macro & Highlights
1. Ethereum co-founder Vitalik Buterin warned at the Devconnect conference that quantum computing could break elliptic curve cryptography before the 2028 U.S. presidential election, suggesting Ethereum transition to quantum-resistant cryptography within four years and introducing the "Kohaku" privacy encryption tool;
2. Nasdaq-listed Onfolio Holdings secured $300 million in funding to establish a digital asset treasury, with initial investments including BTC, ETH, and SOL, and plans to boost business growth through cryptocurrency staking;
3. Tim Scott, Chairman of the U.S. Senate Banking Committee, stated that a committee vote on the cryptocurrency market structure bill is expected “next month,” aiming for Senate review early next year to clarify regulatory authority between the SEC and CFTC.
Market Trends
1. BTC and ETH have experienced 4-hour consolidation with downward pressure, market sentiment is extremely fearful, with around $656 million liquidated in the past 24 hours, primarily long positions;
2. All three major U.S. stock indices closed higher, led by tech stocks, as market optimism continues to rise;
3. Bitget BTC/USDT liquidation map shows: BTC price at 92,591. A breakdown below 92k may trigger a long liquidation cascade, pushing prices further down to 88k–90k, though short walls remain thin.
4. Over the past 24 hours, BTC spot inflows were $294 million, outflows were $270 million, resulting in a net inflow of $24 million;
5. In the past 24 hours, BTC, ETH, USDT, XRP, BNB and other tokens led in net outflows from futures trading, potentially indicating trading opportunities.
News Updates
1. The U.S. Securities and Exchange Commission (SEC) removed dedicated focus on crypto assets from its fiscal year 2026 examination priorities;
2. The Office of the Comptroller of the Currency (OCC) approved banks to hold cryptocurrencies to pay blockchain gas fees;
3. UBS Group has formed a strategic partnership with Ant International to explore blockchain-based tokenized currency innovations and global payment solutions;
4. HSBC Holdings announced it will launch tokenized deposit services for corporate clients in the U.S. and UAE in the first half of next year.
Project Developments
1. Ethereum: Launched a unified interoperability layer enabling seamless L2 usage;
2. 21Shares Solana ETF officially approved and begins trading;
3. KAITO: Will unlock 8.35 million tokens worth approximately $6.4 million at 20:00 on November 20, 2025, representing 2.97% of current circulating supply;
4. LayerZero:即将完成大规模代币解锁，流动性与市场关注度提升；
5. Onfolio Holdings: Initiating crypto asset staking and treasury development, deepening business expansion;
6. Base co-founder: Personal token $jesse will launch on the Base platform;
7. BlackRock registers iShares Ethereum Staking ETF in Delaware;
8. Polygon: Continuously advancing L2 cross-chain and interoperability solutions, optimizing and expanding developer tools;
9. Polkadot: Ongoing upgrades to on-chain governance and parachain slot auctions, strengthening ecosystem collaboration;
10. Bitget: Optimizing liquidation map data and risk management strategies to support high-frequency traders.
Disclaimer: This report is AI-generated; human input was limited to information verification. It does not constitute any investment advice.
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