10 #Bitcoin ETFs outflows 2,152 $BTC(-$201.21M) and 9 #Ethereum ETFs outflows 45,684 $ETH(-$148.11M) yesterday.

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.

On November 12th, according to GMGN data, DUNI, a DAO-related token of the Uniswap Foundation released in September on Zora, saw its market capitalization rise to $7.08 million. It had a 24-hour price increase of 8489% and a 24-hour trading volume of $440,000. In September of this year, the Uniswap Foundation posted on Zora, stating, "Urging the U.S. Treasury Department and the IRS to provide a clear and convenient legal path for decentralized autonomous organizations (DAOs). All proceeds from the related token will be donated to the DeFi Education Fund to support their ongoing efforts for the entire DeFi industry."

On November 12th, Wu Jihan, who is the Chairman of the Bitcoin mining firm Bitdeer, confirmed that a fire occurred today at the newly built mining facility in Ohio. He mentioned that two out of the 26 buildings had collapsed and there were no injuries reported. The senior management team has reached the scene and will carry out a further investigation.

On November 12th, Matt Hougan, the Chief Investment Officer of Bitwise, stated, "I think the market is undervaluing the probability of the successful passage of cryptocurrency market structure legislation." "The possibility of the CLARITY Act passing is relatively high. Cryptocurrency currently enjoys bipartisan support. The lobbying funds for cryptocurrency have reached an all-time high. And so far, the government has also been fulfilling its commitments to the cryptocurrency industry."