Bitget Daily Digest (Nov 11)｜Uniswap Proposal Activates Protocol Fee Switch & UNI Burn; Monad Announces Tokenomics, 3% Airdropped to Community; Strive Increases BTC Holdings to 7,525

Today's Outlook

1. The Uniswap ecosystem sees a major governance proposal: On November 10, Uniswap Labs and the Foundation proposed activating the protocol fee switch and implementing a UNI burn mechanism. UNI surged over 38% in the past 24 hours, now trading at $41.66 with a market cap rising to $7.192 billion.
2. Monad unveiled its tokenomics: total token supply of 100 billion, with 7.5% to be sold at a fully diluted valuation (FDV) of $2.5 billion and 3% to be airdropped to the community.
3. Solayer (LAYER) will unlock around 27.02 million tokens (~$6.6 million) on November 11, 2025, accounting for 9.51% of circulating supply.

Macro & Trending News

1. The U.S. Senate has approved a bill to avert a government shutdown, sending it to the House of Representatives.
2. No net inflows reported for the US Hedera spot ETF; Litecoin spot ETF recorded a single-day net inflow of $2.11 million.
3. The U.S. Depository Trust & Clearing Corporation (DTCC) has added 5 XRP spot ETF products to its clearing list, with related products expected to launch soon.
4. Nasdaq-listed Strive announced the purchase of 1,567 BTC at an average price of $103,315, bringing its total Bitcoin holdings to 7,525 BTC.

Market Overview

1. BTC/ETH dipped slightly in the short term, with the market leaning bearish. The total liquidation across the market in the past 24 hours amounted to approximately $318 million, with long liquidations accounting for $178 million.
2. U.S. stocks closed higher on Monday: Dow Jones rose 0.81%, Nasdaq jumped 2.27%, and the S&P 500 climbed 1.54%.

3.According to Bitget’s BTC/USDT liquidation map, BTC is currently priced at $105,992 USDT. Heavy high-leverage long liquidation is concentrated in the $104,000–$105,500 range; a break below could trigger a long-side flush.

4.In the past 24 hours, BTC spot inflows totaled $495 million, with outflows at $460 million, for a net inflow of $35 million.

5.Over the past 24 hours, contract trading in BTC, ETH, USDT, XRP, and BNB saw notable net outflows, indicating potential trading opportunities.

Latest Developments

1. The U.S. Senate's Agriculture Committee released a draft crypto regulation bill, aiming to grant new oversight powers to the CFTC for digital commodities.
2. ZK Nation announced a proposal to upgrade its ZK token with a permissionless burn function; voting begins November 14.
3. The U.S. Treasury and IRS released new guidance, outlining clear pathways for staking with crypto ETPs.
4. Brazil’s central bank issued new regulations for virtual asset oversight, officially establishing a legal framework for "Virtual Asset Service Providers", effective February 2026.

Project Updates

1. Starknet (STRK) v0.14.1 upgrade will launch on its testnet on November 11, 2025.
2. peaq (PEAQ) will unlock around 84.84 million tokens (~$6 million), making up 5.57% of circulating supply, on November 12, 2025.
3. SUI Group and Bluefin announced a partnership: 2 million SUI provided as loans in exchange for 5% of Bluefin’s revenue.
4. Rumble inked a $100 million advertising deal with Tether, spread over two years at $50 million per year.
5. Hourglass’s Stable Vault phase 2 KYC application deadline extended, with over 17,000 applications approved so far.
6. Aptos (APT) will unlock around 11.31 million tokens (~$33.4 million, 0.49% of circulating supply) on November 11, 2025, 14:00.
7. Chainlink (LINK) will kick off its Season 1 incentive program—covering LINK staking and token claims—on November 11, 2025.
8. In Q3, 23 Solana-based projects secured over $211 million in total fundraising, up 70% quarter-over-quarter.
9. Japan’s Financial Services Agency (FSA) plans to require mandatory registration for third-party crypto custodians to enhance industry security.
10. Strive increased its Bitcoin holdings to 7,525 BTC, accelerating digital asset allocation. 

 

Disclaimer: This report is AI-generated, with manual verification for accuracy. It does not constitute investment advice.