Bitget Daily Morning Report: CME Launches XRP and SOL Futures Contracts Quoted Against Spot Prices
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Bitget Daily Morning Report: CME Launches XRP and SOL Futures Contracts Quoted Against Spot Prices
The competition over the Federal Reserve chairmanship intensifies, with Hassett facing opposition from top figures close to Trump.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. Strategy purchased 10,645 Bitcoin last week for $980.3 million, while Bitmine acquired 102,259 ETH worth $321 million. Strategy’s current Bitcoin holdings have an unrealized gain of $9.618 billion, whereas Bitmine’s Ethereum holdings show an unrealized loss of $3.019 billion. BitMine currently holds over 3.2% of the total ETH token supply, with total assets reaching $13.3 billion.
2. The U.S. Senate has postponed deliberation on the cryptocurrency market structure bill until next year.
3. The New York Times: The U.S. SEC has dropped about 60% of the crypto-related cases inherited from the Biden administration, most of which involved business ties with the Trump family.
Macro Highlights
1. Federal Reserve's Williams stated that cooling labor market conditions and reduced inflation risks supported the Fed's decision to cut rates last week.
2. According to sources cited by Jinshi, Kevin Hassett, Director of the White House National Economic Council, was previously seen as a near-certain candidate for Fed Chair, but now faces opposition from senior figures close to Trump.
3. Last week, global public companies net purchased $980 million worth of BTC, with Strategy buying 10,645 bitcoins.
Market Trends
1. Over the past 24 hours, the total liquidation in the crypto market reached $594 million, with long positions accounting for $508 million. BTC liquidations amounted to $179 million, and ETH liquidations reached $193 million.
2. U.S. stocks: Dow -0.09%, S&P 500 -0.16%, Nasdaq Composite -0.59%. Additionally, Nvidia (NVDA) +0.73%, Circle (CRCL) -9.6%, Strategy (MSTR) -8.14%.
3. Bitget BTC/USDT liquidation map shows: BTC is currently trading around 85,998. Long liquidations below the 85k level have been mostly cleared, while short liquidation leverage is rapidly accumulating in the 87k–92k range, indicating significant "short squeeze" potential. A breakout and hold above 87k could trigger consecutive short liquidations and accelerate upward momentum; conversely, a drop back below 85k would significantly weaken short-term momentum.
4. In the past 24 hours, BTC spot inflows were approximately $127 million, outflows $149 million, resulting in a net outflow of $22 million.
News Updates
1. Grayscale report: Quantum computing is unlikely to impact cryptocurrency prices before 2026.
2. Citizens: Prediction market revenues could grow fivefold by 2030, exceeding $10 billion.
3. Nasdaq plans to file documents with the U.S. Securities and Exchange Commission this Monday to launch round-the-clock stock trading services.
4. Japan's Startale and SBI will launch a regulated yen-pegged stablecoin.
Project Developments
1. Avalanche Foundation establishes a distributed ledger technology entity in Abu Dhabi.
2. Ripple's stablecoin RLUSD expands to L2 networks using Wormhole's NTT standard.
3. a16z crypto transfers 276,000 COMP tokens into Coinbase Prime.
4. Circle will acquire Interop Labs' team and intellectual property, while Axelar continues independent operations.
5. MetaMask adds native Bitcoin support, advancing its multi-chain integration.
6. The Block: Bitcoin network activity has dropped to its lowest level in 12 months, with the 7-day moving average of active addresses falling to 660,000. While seasonal slowdown is expected, multiple network indicators are showing signs of weakness.
7. CME launches XRP and SOL futures contracts quoted against spot prices.
8. Bittensor completes its first halving, reducing daily TAO issuance to 3,600.
9. Charles Schwab adds Solana and Micro Solana futures products.
10. Ondo Finance will launch its tokenized stocks and ETF platform on the Solana blockchain in early 2026.
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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