Bitget Daily Morning Report: Kevin Hassett emerges as a leading candidate for SEC Chair, Ethereum ETF sees approximately $104 million in net inflows in one day
TechFlow Selected TechFlow Selected
Bitget Daily Morning Report: Kevin Hassett emerges as a leading candidate for SEC Chair, Ethereum ETF sees approximately $104 million in net inflows in one day
Texas launches Bitcoin reserve program, first purchase of $5 million in IBIT.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. The acting chair of the U.S. CFTC is recruiting a CEO for the Innovation Committee amid expanding crypto regulation.
2. SharpLink: Generated 443 ETH in staking rewards last week, accumulating to 7,846 ETH.
3. Yesterday, Bitcoin ETFs saw a net inflow of 807 BTC (approximately $70.22 million); Ethereum ETFs recorded a net inflow of 35,725 ETH (around $104 million); Solana ETF recorded a net inflow of 374,028 SOL (approximately $50.87 million).
Macro & Highlights
1. Matrixport released an analysis yesterday stating that Bitcoin's recent rebound is a short-term opportunity driven by sentiment recovery, not a signal of a new bull market.
2. The SEC’s Investor Advisory Committee held an online meeting on December 4 to discuss corporate governance and stock tokenization.
3. Jinshi: Sources reveal that as the selection process for the next Federal Reserve Chair enters its final weeks, Kevin Hassett, Director of the White House National Economic Council, has emerged as the leading candidate in the eyes of President Trump’s advisors and allies.
Market Trends
1. Over the past 24 hours, total liquidations in the cryptocurrency derivatives market reached $301 million, with long positions accounting for $154 million and short positions $146 million. BTC liquidation amounted to $94 million, while ETH liquidation totaled $63 million.
p>
2. U.S. stocks: Dow Jones rose 1.43%, S&P 500 increased 0.91%, Nasdaq Composite gained 0.67%.
3. Bitget BTC/USDT liquidation map shows: Current price at 87,973 is located in the core "long squeeze zone." A large volume of 50x–100x leveraged long positions is stacked above 88,200–91,000; breaking above 91k could trigger a long liquidation cascade pushing prices toward 95k+. Below, the short liquidation wall is extremely thin—once falling below 86k, there is almost no strong support. The market sentiment is overwhelmingly bullish, posing high risk of a fake breakout trap.
4. In the past 24 hours, BTC spot inflows were $162 million, outflows $134 million, resulting in a net inflow of $28 million.
News Updates
1. New York Post: San Francisco police and sources revealed that a tech investor previously linked to OpenAI CEO Sam Altman was robbed at gunpoint on November 22, losing cryptocurrency assets worth $11 million.
2. Fortune: Paxos acquires DeFi wallet company Fordefi for over $100 million.
3. UAE’s new financial law brings DeFi and Web3 under regulatory scope.
Project Updates
1. Plasma (XPL) unlocked approximately 88.89 million tokens yesterday at 21:00 (UTC+8), representing 0.89% of total supply, valued at around $18.1 million.
2. Jupiter (JUP) will unlock approximately 53.47 million tokens on November 28 at 12:00, accounting for 0.76% of total supply, valued at about $12.5 million.
3. Ethena’s synthetic stablecoin USDe TVL has dropped from $14.8 billion in October to $7.6 billion currently, a decline exceeding 50%.
4. Analyst @ai_9684xtpa: A long-dormant whale疑似 sold 20,000 ETH after eight months, worth $58.14 million.
5. Multicoin Capital purchased another 60,000 AAVE tokens worth $10.68 million. Recently, they have accumulated 338,000 AAVE at an average price of $219, currently holding an unrealized loss of $13.5 million.
6. Fifth-largest U.S. bank, UMB, tests its developed stablecoin on the Stellar network.
7. Texas launches its Bitcoin reserve program, purchasing $5 million worth of BlackRock’s IBIT as the first tranche.
8. Polymarket announces it has received approval from the U.S. CFTC to re-enter the U.S. market.
9. MegaETH pre-deposit campaign ends in failure due to technical issues, abandoning plans to scale fundraising to $1 billion.
10. Metaplanet Inc.: The company executed a $130 million loan on November 21 under the credit agreement disclosed on October 28, using its Bitcoin holdings as collateral.
Disclaimer: This report is AI-generated. Human input was limited to information verification. No investment advice is provided.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
