Yesterday, Fidelity's FBTC had a net inflow of $165.9 million, while ARK's ARKB had a net inflow of $102.5 million.

On November 12th, as monitored by Farside Investors, yesterday Bitcoin ETF witnessed a net inflow of $524 million, while Ethereum ETF experienced a net outflow of $1.071 billion.

On November 12th, as reported by The Block, Vincent Liu, the Chief Investment Officer of Kronos Research, said: "The decline of Bitcoin was mainly attributed to profit-taking and a large number of long liquidations following the failure to reclaim the $107,000 resistance level." He pointed out that the brief rebound of Bitcoin was driven by the U.S. Senate's passage of the government funding bill, which boosted market risk appetite. However, this was not sufficient to offset the pressure of profit-taking, leverage liquidations, and ongoing technical weaknesses. Vincent Liu stated: "The rebound fueled by macro tailwinds quickly dissipated." He noted that $100,000 is the next key psychological support level, and "further downside could trigger more selling pressure and intensify market volatility."

November 12th. Lately, the Shunqing District Branch of the Public Security Bureau in Nanchong has successfully dismantled a "credit score" gang engaged in money laundering crimes using virtual currency and arrested 5 criminal suspects including Wang. The police stated that the criminal gang formed by Wang and others recruited "carders" through channels such as WeChat Moments by using the same "high salary commission" as a bait and provided card numbers to overseas partners. After the funds were transferred, they divided the funds into designated accounts in multiple transactions according to the instructions of the upstream partners. After the "credit scoring" was completed, the upstream partners settled the "reward" through virtual currency. Currently, 5 criminal suspects including Wang and Li have been legally detained by the public security organs, and the case is under further investigation.

On November 12th, the Ethereum Layer 2 network RISE announced the acquisition of the team behind the Base network's Perpetual DEX platform BSX, namely BSX Labs. BSX Labs will aid RISE in developing an EVM-compatible and composable order book infrastructure to bridge the gap with traditional financial markets. BSX token holders will be qualified to receive an airdrop of RISE's forthcoming native token. 1.5% of the total RISE token supply will be allocated to the currently circulating BSX token. The BSX DEX will officially close at 15:00 (UTC time) on November 11, 2025.

On November 12th, as per the monitoring of Onchain Lens, following a period of 2 months without any activity, a whale withdrew 100 BTC from Binance. The value of these 100 BTC is $10.32 million. Currently, the whale holds 300 BTC, with a value of $31 million. There is an unrealized loss of $2.4 million.

On November 12th, trader Eugene Ng Ah Sio posted on his personal channel and said, "In the discussion about Uniswap's fee switch, there is a 'can't see the forest for the trees' situation. We are seeing how a pro-encryption regulatory framework is altering the protocol-level value accrual strategy, which will ultimately benefit token holders." This is a highly positive development for the entire DeFi industry and sets a referenceable precedent for future protocols. As insider selling gradually decreases, active market participants will be able to more accurately value these protocols based on fundamental factors. At that time, the crypto market will have less of a casino-like atmosphere and more of the characteristics of a traditional stock market.