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The U.S. House of Representatives will vote at 5 a.m. tomorrow to decide whether to end the government shutdown, while several meme coin ETFs are awaiting SEC approval to list.

3 hours ago

On November 12th, the U.S. House of Representatives will conduct a vote tonight to determine whether to bring an end to the 42-day U.S. government shutdown. (At 4 p.m. on Wednesday afternoon in Eastern Time and 5 a.m. on Thursday morning in Beijing Time.) Once the government reopens, the market will obtain clear data, which to a certain extent will dispel the current pessimistic uncertainty. Previously, on the morning of the 11th in Beijing Time, the U.S. Senate approved the bill to end the government shutdown and sent it to the House of Representatives. It is noteworthy that currently, XRP ETFs from 5 ETF issuers such as Franklin and Bitwise, as well as Polkadot ETF, DOGE ETF, Sui ETF issued by 21Shares, and Bitwise's Chainlink ETF among several altcoin spot ETFs have been listed on the DTCC (Depository Trust & Clearing Corporation) website. Although this does not signify that the ETF has received any regulatory approval or any definite approval process results, being listed on the DTCC website is a part of the "standard process" for launching a new ETF. In addition, Canary has submitted an 8-A form for its XRP spot ETF, which is the final step before its application takes effect. Once Nasdaq approves the listing, the first XRP spot ETF may officially commence trading on Thursday. Institutional analyses from institutions such as the Swiss crypto bank group Sygnum stated that investors are looking forward to the end of the government shutdown, which may prompt the SEC to "approve in batches" altcoin ETFs and catalyze a "new round of institutional fund inflows."
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Yesterday Bitcoin ETF Net Inflow: $524 million, Ethereum ETF Net Outflow: $1.071 billion

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.

8 minutes ago

Analyst: $100,000 is the next key support level for Bitcoin, and a further drop could trigger more selling pressure and exacerbate market volatility

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."

8 minutes ago

The police in Nanchong, Sichuan province, recently successfully dismantled a "credit score manipulation" gang that used virtual currency for money laundering, arresting 5 criminal suspects.

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.

8 minutes ago

RISE is pleased to announce the acquisition of BSX Labs. 1.5% of the total supply of RISE tokens will be allocated to the circulating BSX tokens.

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.

8 minutes ago

A whale withdrew 100 BTC from Binance after 2 months of inactivity.

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.

8 minutes ago

Trader Eugene: Uniswap Fee Switch On Benefits DeFi, Crypto Market Future Will Be More Aligned With Traditional Stock Market

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.

8 minutes ago