Bitget Daily Morning Report: World launches "super app" featuring payment and chat functionalities
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Bitget Daily Morning Report: World launches "super app" featuring payment and chat functionalities
U.S. initial jobless claims recorded 236,000 people, and the Satoshi Nakamoto statue enters NYSE.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. Techcrunch reported that World, the biometric identity verification project co-founded by Sam Altman, today released the latest version of its app, introducing several new features including encrypted chat integration and an expanded Venmo-like feature for sending and requesting cryptocurrencies.
2. The U.S. CFTC issued no-action letters to four prediction market operators including Polymarket regarding data rule issues; the U.S. SEC allows DTCC to host and recognize tokenized stocks and other RWA assets on blockchain.
3. Cointelegraph reported that the New York Stock Exchange (NYSE) has just become the sixth location to host a statue of Satoshi Nakamoto designed by artist Valentina Picozzi, a stark contrast to Wall Street’s earlier view of cryptocurrency as taboo just a few years ago.
Macro & Highlights
1. Jinshi: For the week ending December 6, initial U.S. jobless claims rose to 236,000, the highest since the week of September 6, 2025. The expected figure was 220,000, and the previous value was revised from 191,000 to 192,000.
2. FxPro analyst Alex Kuptsikevich stated yesterday that since November 21, BTC has shown a trend of rising local highs and lows. However, to confirm this rebound as the start of capitalization growth, total market cap must surpass $3.32 trillion. Currently, the global crypto market cap is approximately $3.16 trillion, up 2.5% from the beginning of the week but still below the previous high of $3.21 trillion.
3. The Block: After meetings between U.S. senators and banking executives, "substantial progress" is being made toward enacting a major cryptocurrency bill into law. The legislation aims to regulate the entire digital asset industry and grant corresponding powers to regulators such as the SEC and CFTC.
Market Trends
1. Over the past 24 hours, the crypto market saw $375 million in total liquidations across all positions, with longs accounting for $226 million. BTC liquidation amounted to $140 million, while ETH liquidation reached $110 million.
2. U.S. stocks: Dow Jones rose 1.34%, S&P 500 increased 0.21%, Nasdaq Composite fell 0.25%. Additionally, Nvidia (NVDA) dropped 1.55%, Circle (CRCL) rose 0.18%, Strategy (MSTR) declined 0.73%.
3. Bitget BTC/USDT liquidation map shows: A large amount of short leverage positions are concentrated above the current BTC price level (around $92,000); a breakout could trigger further short squeezes. The long liquidation zone below is relatively dense, indicating that if prices fall back to the $88,000–$90,000 range, significant long liquidation risks will be triggered.
4. In the past 24 hours, BTC spot inflows were approximately $138 million, outflows about $197 million, resulting in a net outflow of $59 million.
News Updates
1. Do Kwon, founder of Terraform Labs, was sentenced to 15 years in prison by a U.S. judge.
2. A chart shared by analyst Eric Balchunas shows that by the end of 2025, there were 124 crypto-related ETP (exchange-traded product) registration applications in the U.S. market, including: Bitcoin-related products being the most numerous at 21 (with 18 based on derivatives structure under the 1940 Act), followed by basket-type products (15), and major tokens such as XRP (10), Solana (9), and Ethereum (7). Among them, 42 are spot applications under the 1933 Act, while the rest are derivatives or structured funds.
3. PANews cited DL News reporting that in a revised paper published on December 5, Blockstream researchers Mikhail Kudinov and Jonas Nick explored multiple methods for upgrading the Bitcoin blockchain to make it quantum-resistant.
Project Updates
1. Aptos (APT) unlocked approximately 11.31 million tokens at midnight today (UTC+8), representing 0.83% of circulating supply and valued at around $19.3 million.
2. Hex Trust plans to issue and custody a wrapped version of XRP called "wXRP" to expand DeFi applications across multiple chains.
3. Glassnode: Ethereum spot ETFs show signs of recovery, with mild fund inflows suggesting easing redemption pressure.
4. JPMorgan created a Solana-based USCP token to support Galaxy Digital’s debt issuance.
5. Bitcoin mining difficulty decreased by 0.74% to 148.20 T.
6. xAI partnered with the government of El Salvador to launch the world’s first nationwide AI education program.
7. Cross-chain protocol LI.FI completed a $29 million funding round led by Multicoin Capital and CoinFund.
8. Talus Foundation: U.S. airdrop claim portal is now open, closing on December 14.
9. PANews yesterday reported that a new Reserve Rights proposal intends to burn approximately 30 billion RSR tokens.
10. According to SolanaFloor data, Pump.fun has repurchased 13.8% of PUMP’s circulating supply since launching its buyback program.
Disclaimer: This report is generated by AI, with human verification only for information accuracy. It does not constitute any investment advice.
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