Bitget Daily Morning Report: 21shares launches 2x leveraged SUI ETF on Nasdaq, U.S. Treasury debt surpasses $30 trillion
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Bitget Daily Morning Report: 21shares launches 2x leveraged SUI ETF on Nasdaq, U.S. Treasury debt surpasses $30 trillion
Morgan: Whether Strategy can hold may be key to Bitcoin's short-term trend.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. Yesterday, after receiving approval from the U.S. Securities and Exchange Commission (SEC), 21Shares launched the first leveraged SUI ETF, "2x Leveraged SUI ETF" (ticker: TXXS), on Nasdaq.
2. The U.S. SEC held a meeting on tokenization regulation. Citadel suggested that the SEC strictly define intermediary roles such as decentralized exchange protocols, sparking opposition from some in the crypto community who argue traditional rules cannot apply to DeFi architectures. A clear divide exists between traditional finance and the crypto industry on the issue of "decentralization."
3. U.S. CFTC: Spot cryptocurrency trading is now permitted on exchanges registered with the CFTC.
Macro & Highlights
1. U.S. Treasury debt surpasses $30 trillion, doubling since 2018.
2. Reuters survey: The Federal Reserve will cut interest rates by 25 basis points at its December meeting to support a cooling labor market. Among 108 surveyed economists, 82% (89 economists) hold this view.
3. JPMorgan: Whether Strategy holds could become key to Bitcoin’s short-term price movement.
Market Trends
1. Over the past 24 hours, total liquidations in the crypto market reached $266 million, with $171 million in short positions liquidated. BTC liquidations amounted to $90 million, ETH to $85 million.
2. U.S. stocks: Dow fell 0.07%, S&P 500 rose 0.11%, Nasdaq Composite rose 0.22%.
3. Bitget BTC/USDT liquidation map shows: Above the current price level of around $92,319, accumulated short liquidation volume is significantly larger. If prices continue rising, it may trigger a chain reaction of short squeezes. Long leverage liquidation zones below have been largely cleared, indicating weak support. A break below the 91k zone could trigger forced long selling.
4. In the past 24 hours, BTC spot inflow was $74 million, outflow $91 million, net inflow -$17 million.
News Updates
1. IMF warns stablecoins could undermine monetary sovereignty, recommends limits to prevent substitution risks.
2. Addresses linked to prominent investor Jez San withdrew over $15 million worth of altcoins from Coinbase Prime.
3. SoFi plans to raise $1.5 billion through discounted stock offerings to expand into new business areas.
Project Updates
1. Bitmine appears to have purchased another 41,946 ETH, worth approximately $130 million, five hours ago.
2. GlobeNewswire: AlphaTON Capital announced it has exited the SEC’s “baby shelf” financing restrictions and filed a $420.69 million shelf registration statement, planning to use the funds to expand GPU computing infrastructure supporting the Telegram Cocoon AI network and acquire revenue-generating companies within the Telegram ecosystem.
3. PANews: On-chain data shows the Aster team executed an on-chain burn of $80 million worth of tokens from its buyback wallet.
4. Base launches Solana cross-chain bridge, enabling two-way asset interoperability.
5. Bloomberg: Polymarket is recruiting new staff to build an internal market-making team.
6. UAE-based Mashreq Capital includes Bitcoin ETFs in its new multi-asset fund.
7. Meme coin PEPE’s official website was hacked and is currently redirecting users to malicious links.
8. Portal to Bitcoin, a Bitcoin-native interoperability protocol, raises $25 million in funding led by JTSA Global.
9. Aave Labs expands collaboration with CoW Swap, integrating the DEX aggregator’s solver network across all Aave Swap functions and launching a flash loan product designed for intent-based infrastructure.
10. Matrixport withdrew 2,805 BTC worth $260 million from Binance over the past eight hours.
Disclaimer: This report is generated by AI, with human verification only for information accuracy. No investment advice is provided.
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