Bitget Daily Morning Report: U.S. SEC releases "Statement on Custody of Crypto Asset Securities by Broker-Dealers";
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Bitget Daily Morning Report: U.S. SEC releases "Statement on Custody of Crypto Asset Securities by Broker-Dealers";
LayerZero (ZRO) will unlock approximately 25.71 million tokens on December 20.
Navigating Web3 tides with focused insightsAuthor: Bitget
Today's Outlook
1. PR Newswire: Publicly listed company CIMG Inc. announced the additional purchase of 230 Bitcoin using approximately $24.61 million in internal funds, increasing its total Bitcoin holdings to 730 coins.
2. LayerZero (ZRO) will unlock approximately 25.71 million tokens on December 20 at 19:00 (UTC+8), representing 6.79% of circulating supply and worth about $38.6 million.
3. U.S. XRP spot ETF recorded a single-day net inflow of $18.99 million.
Macro Highlights
1. The U.S. SEC released a statement titled "On the Custody of Crypto Asset Securities by Broker-Dealers," clarifying the applicability of Rule 15c3-3(b)(1) under the Securities Exchange Act to crypto assets that are securities ("crypto asset securities") held by broker-dealers for their clients. Meanwhile, SEC commissioners have issued a request for public input regarding trading of crypto assets on national securities exchanges and alternative trading systems.
2. Industry insiders from the crypto sector met with key U.S. senators to discuss negotiations on market structure legislation.
3. The Federal Reserve has revoked its 2023 guidance that restricted uninsured banks from participating in crypto-related activities.
Market Trends
1. Over the past 24 hours, the cryptocurrency market saw total liquidations of $537 million across all platforms, with long positions accounting for $385 million. BTC liquidation amounted to $155 million, while ETH reached $167 million.
2. U.S. stock market: Dow Jones -0.47%, S&P 500 -1.16%, Nasdaq Composite -1.81%. Additionally, NVIDIA (NVDA) -3.81%, Circle (CRCL) -4.58%, Strategy (MSTR) -4.25%.
3. Bitget BTC/USDT liquidation map shows: Long liquidations are concentrated below the current price level of approximately $86,085. A break below the 85k level could trigger cascading stop-losses and amplify downward volatility. On the upside, short liquidations continue accumulating in the 88k–92k range; an effective breakout may easily spark a short squeeze, driving prices sharply higher.
4. In the past 24 hours, BTC spot saw inflows of approximately $77.8 million and outflows of $76.8 million, resulting in a net inflow of $0.01 billion.
News Updates
1. Circle signed a memorandum of understanding with LianLian Global to explore next-generation cross-border payment infrastructure powered by stablecoins.
2. Canaan Inc. announced the extension of its $30 million share repurchase program to a 12-month period.
3. Oracle’s $10 billion data center project in Michigan has hit a deadlock.
Project Developments
1. A whale transferred SHIB worth $3.64 million to a CEX; previously acquired 17.4% of total SHIB supply using 37.8 ETH.
2. Three whale wallets collectively deposited 37.1 million USDC today to increase HYPE token holdings.
3. WLFI community has initiated voting on a proposal to promote adoption of USD1 using part of the unlocked treasury funds.
4. Polygon Foundation: Polygon PoS issue has been resolved; block explorers may still show delays.
5. A veteran Bitcoin address holding over $680 million in long positions transferred 368,000 ETH to five new wallets.
6. Harbor completed a $4.2 million strategic funding round led by Susquehanna Crypto and Triton Capital.
7. CoinDesk reported DTCC is collaborating with Canton Network to advance U.S. Treasury tokenization, backed by a "no-action letter" from the SEC.
8. Messari: Sei Q3 active users nearly doubled year-on-year; TVL declined but DEX and gaming transactions hit highs.
9. ETHZilla Chairman released a letter to shareholders: First RWA token to launch in 2026.
10. CryptoQuant analyst MorenoDV_: Bitcoin is approaching investor average cost basis of $81,500; a breakdown could trigger selling pressure and further downside.
Disclaimer: This report is AI-generated. Human effort was limited to information verification. No investment advice is provided.
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