Ethereum Withdrawal Acceleration, CEX Net Outflow of 184,700 ETH in the Last 24 Hours

On November 12th, according to HTX market data, Bitcoin saw a rebound and broke through $105,000. The 24-hour decline was narrowed to 0.41%.

On November 12th, in the pre-market: Cryptocurrency-related stocks in the US stock market generally showed an increase. These included: Circle (CRCL) increased by 2.42%; Coinbase (COIN) rose by 1.64%; MicroStrategy (MSTR) went up by 1.52%; MARA Holdings (MARA) rose by 1.09%; Riot Blockchain (RIOT) increased by 0.93%; Bitmining Technologies (BMNR) rose by 3.31%; SharpLink Gaming (SBET) rose by 0.01%.

On November 12th, as monitored by Onchain Lens, the whale "gud.hl" deposited 4.48 million USDC into Hyper Liquid and initiated a Bitcoin long position with a leverage of 12 times. Furthermore, "gud.hl" also holds a TRUMP long position with a leverage of 3 times. Currently, it is experiencing an unrealized loss of approximately $207,000.

On November 12th, Brandon Millman, the CEO of Phantom Wallet, recently expressed in an interview that the company has no intention of launching its own blockchain or going public. The current emphasis is still on the Solana ecosystem and user-friendly products. He pointed out that building a proprietary blockchain is contrary to the principles of openness and composability in the crypto industry. Phantom will continue to strengthen its presence in Solana. Brandon also stated that although there is the potential for an IPO, the company is more inclined to rely on the support of investors such as a16z, Paradigm, Sequoia, and others to expand through private funding rounds.

On November 12th, the data of Bitunix Coin-M Perpetual Futures has now been seamlessly integrated into multiple mainstream market data platforms such as TradingView, CoinMarketCap, CoinGecko, and CoinGlass. This provides global users with higher transparency and wider coverage of real-time market data services. The first batch of trading pairs encompasses: BTCUSD.P, ETHUSD.P, SOLUSD.P, ADAUSD.P, and XRPUSD.P. Users can access the latest prices, depths, and technical indicators of Bitunix Coin-M Perpetual Futures on multiple platforms, enabling them to make more informed trading decisions. Bitunix will continuously expand the coverage of coin-margined products and deepen its integration with global data platforms to offer traders a high-liquidity, high-transparency, and professional derivative trading experience.

On November 12th, the spot gold price stayed above the $4,100 level. This was because signs of weakness began to show in the U.S. labor market, and Congress was getting close to the end of the government shutdown. New private-sector data indicated that U.S. companies laid off an average of 11,250 workers per week during the four weeks ending in late October. This reinforced the expectation that there would be further interest rate cuts later this year. Meanwhile, Soojin Kim, an analyst at Mitsubishi UFJ Financial Group, said, "Since the government is about to reopen, it is expected that access to official economic data will be resumed. This will provide clarity for future monetary policy decisions." Supported by central bank purchases and its attractiveness as a hedge against global uncertainty, the precious metal has continuously maintained a 56% increase this year. (FXStreet)