Crypto Morning Brief: Grayscale Dogecoin ETF Approved; This Week HYPE, XPL, JUP and Other Tokens Face Large Unlock Events
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Crypto Morning Brief: Grayscale Dogecoin ETF Approved; This Week HYPE, XPL, JUP and Other Tokens Face Large Unlock Events
The U.S. SEC will host a roundtable on cryptocurrency privacy issues on December 15.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Federal Reserve's Collins: Still believes there are reasons to be cautious about a December rate cut
According to Jinshi Data, Federal Reserve's Collins stated that given the persistent risks to both inflation and employment targets, she remains inclined against the Fed cutting rates next month. During a conference, Collins said: "I do believe we need to remain cautious about cutting rates at the December FOMC meeting. After cumulative cuts of 50 basis points in September and October, I personally believe current policy is in a moderately restrictive range, which is appropriate for the current economic situation."
U.S. Treasury Secretary Belknap: The broader economy is not facing recession risks
U.S. Treasury Secretary Belknap: Interest-rate-sensitive sectors are currently in a downturn, but he expressed confidence in their growth prospects for 2026. The broader economy is not facing recession risks.
SEC to host roundtable on cryptocurrency privacy issues on December 15
According to Cryptopolitan, the U.S. Securities and Exchange Commission (SEC)’s Crypto Task Force has announced a roundtable discussion on December 15 focused on the growing concerns around privacy and financial monitoring within the cryptocurrency ecosystem. The event will bring together industry leaders and SEC officials to discuss challenges and potential solutions.
This comes amid heightened attention on privacy issues in crypto, including the partial conviction of Tornado Cash developer Roman Storm, the sentencing of Samourai Wallet developers, and significant price increases in privacy coins over the past two months.
Notably, Matthew Galeotti, Acting Assistant Attorney General for the Criminal Division at the U.S. Department of Justice, stated in August that the DOJ will cease prosecuting developers solely for writing open-source code, emphasizing that coding itself is not a crime absent malicious intent.
Bloomberg ETF Analyst: Grayscale Dogecoin ETF approved, expected to begin trading on NYSE Monday
Bloomberg ETF analyst Eric Balchunas posted on social media that Grayscale’s Dogecoin ETF (GDOG) has been approved for listing on the NYSE and is expected to start trading on Monday. Its XRP spot ETF is also expected to launch the same day, with GLNK anticipated to roll out next week.
PancakeSwap: Major positive announcement coming soon
PancakeSwap posted on social media: "Major positive announcement coming soon."
Aster: XAUUSDT market price deviation due to gold price data source error; affected users to be fully compensated
According to Aster, between 22:00 and 23:00 UTC, an error in the gold price data feed caused the XAUUSDT market price to deviate from the actual price.
The platform noted this was a global issue affecting multiple platforms including Aster DEX, as well as price data websites such as goldprice.org. Markets have since normalized. All affected users will be fully compensated, with specific details to be announced upon confirmation.
Cardano blockchain suffers temporary chain split
According to Cointelegraph, the Cardano blockchain experienced a temporary chain split on Friday due to a "malformed" delegation transaction that triggered an old software library vulnerability. Intersect, a Cardano ecosystem organization, reported that the incident caused network nodes to diverge in transaction processing. Homer J, a stake pool operator, admitted to using AI-generated code to submit the transaction, sparking community controversy. Cardano founder Charles Hoskinson labeled it a network attack and confirmed that the FBI has launched an investigation.
BitMine财报: Full-year net income reaches $328 million, to distribute annual dividend of $0.01 per share
According to PRNewswire, BitMine Immersion Technologies (NYSE AMERICAN: BMNR) released its fiscal year 2025 results, reporting full-year net income of $328 million and fully diluted earnings per share of $13.39.
The company announced an annual dividend of $0.01 per share, becoming the first major cryptocurrency company to declare an annual dividend. The dividend declaration date is November 21, ex-dividend date is December 5, record date is December 8, and payment date is December 29.
BitMine plans to launch the "Made in America Validator Network," a staking initiative expected to officially go live in Q1 2026. BitMine will hold its annual shareholder meeting at Wynn Las Vegas on January 15, 2026.
Michael Saylor responds to 'possible MSCI removal': Index classification cannot define Strategy
Strategy founder and executive chairman Michael Saylor responded on social media to concerns about potential removal from MSCI indices, stating that Strategy, as a publicly traded operating company, is fundamentally different from funds, trusts, and holding companies. He emphasized that Strategy not only operates a $500 million software business but uniquely utilizes Bitcoin as productive capital in treasury management. Index classifications cannot define Strategy. The company's long-term strategy is clear, its conviction in Bitcoin strong, and its mission remains to become the world’s first digital currency institution built on sound money and financial innovation.
Michael Saylor posts 'I will not yield,' suggesting continued Bitcoin accumulation
Strategy (formerly MicroStrategy) founder and executive chairman Michael Saylor posted “I will not yield” on X, implying continued Bitcoin accumulation, though no updated Bitcoin tracker information has been released yet.
This week, tokens including HYPE, SUI, and XPL face large token unlocks totaling over $400 million
Token Unlocks data shows that this week, tokens such as HYPE, XPL, and JUP will undergo large token unlocks, with a total value exceeding $300 million. Specifically:
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HYPE will unlock 9.92 million tokens on November 29, worth approximately $315.05 million, representing 2.66% of circulating supply;
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XPL will unlock 88.89 million tokens on November 25, worth approximately $17.3 million, representing 4.74% of circulating supply;
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JUP will unlock 53.47 million tokens on November 28, worth approximately $12.6 million, representing 1.69% of circulating supply.
Market Trends
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