Bitget Daily Morning News: 21Shares launches 2x leveraged SUI ETF on Nasdaq; U.S. Treasury debt surpasses $30 trillion

Author: Bitget

Today’s Outlook

1. Yesterday, after receiving approval from the U.S. Securities and Exchange Commission (SEC), 21shares launched the first leveraged SUI ETF “2x leveraged SUI ETF” (ticker: TXXS) on Nasdaq.

2. The U.S. SEC held a meeting on tokenization regulation issues. Citadel suggested that the SEC strictly define the intermediary roles of decentralized trading protocols, which sparked opposition from some crypto advocates who believe that traditional rules cannot be applied to DeFi structures. There is a clear divide between traditional finance and the crypto industry on the issue of “decentralization.”

3. U.S. CFTC: Spot cryptocurrencies can now be traded on CFTC-registered exchanges.

Macro & Hot Topics

1. U.S. Treasury debt surpassed the $30 trillion mark, doubling since 2018.

2. Reuters survey: The Federal Reserve is expected to cut rates by 25 basis points at the December rate decision to support the cooling labor market. Of the 108 economists surveyed, 82%, or 89 economists, held this view.

3. JPMorgan: Whether Strategy can hold may be key to Bitcoin’s short-term trend.

Market Trends

1. In the past 24 hours, the crypto market saw $266 million in liquidations across the network, with short liquidations accounting for $171 million. BTC liquidations reached $90 million, and ETH liquidations reached $85 million.

2. U.S. stocks: The Dow Jones fell 0.07%, the S&P 500 rose 0.11%, and the Nasdaq Composite rose 0.22%.

3. Bitget BTC/USDT liquidation map shows: At the current price level near $92,319, the cumulative short liquidation volume above is significantly larger. If the price continues to rise, it could trigger a chain short squeeze. The leveraged long liquidation zone below has been largely cleared, providing weak support. If it falls below the 91k area, it may trigger passive selling risk for longs.

4. In the past 24 hours, BTC spot inflows were $74 million, outflows were $91 million, with a net inflow of -$17 million.

News Updates

1. IMF warns stablecoins may erode monetary sovereignty and recommends setting limits to prevent substitution risks.

2. Renowned investor Jez San’s associated address withdrew over $15 million worth of altcoins from Coinbase Prime.

3. SoFi plans to raise $1.5 billion through discounted stock sales to expand into new business areas.

Project Developments

1. Bitmine reportedly bought another 41,946 ETH, worth about $130 million, 5 hours ago.

2. GlobeNewswire: AlphaTON Capital announced it has exited the SEC “baby shelf” financing restriction and has filed a $420.69 million shelf registration statement, planning to use the funds to expand GPU infrastructure supporting the Telegram Cocoon AI network and to acquire profitable companies within the Telegram ecosystem.

3. PANews: On-chain data shows the Aster team will buy back and burn $80 million worth of tokens from its wallet.

4. Base launches a Solana cross-chain bridge, enabling two-way asset interoperability.

5. Bloomberg: Polymarket is recruiting new employees to form an internal market-making team.

6. UAE’s Mashreq Capital has included Bitcoin ETFs in its new multi-asset fund.

7. The official website of meme coin PEPE was hacked and is currently redirecting users to malicious links.

8. Bitcoin native interoperability protocol Portal to Bitcoin completed a $25 million financing round, led by JTSA Global.

9. Aave Labs has expanded its partnership with CoW Swap, integrating the DEX aggregator’s solver network into all Aave Swap functions and launching a flash loan product specifically designed for intent-based infrastructure.

10. Matrixport withdrew a total of 2,805 BTC from Binance in the past 8 hours, worth $260 million.

Disclaimer: This report is AI-generated and only manually verified for information. It does not constitute any investment advice.