Bitget Daily Digest (Nov 13)|SEC Proposes "Token Taxonomy"; US House Passes Bill to End Government Shutdown; Trump Signs Temporary Funding Bill at 10:45am (UTC+8)
Today's Outlook
- White House: October non-farm payroll and inflation data may never be released.
- Market sources: The US House of Representatives has cleared a key procedural hurdle, paving the way for a full House vote on the funding bill already passed by the Senate, to end the government shutdown.
- The Block: Active addresses on Solana have dropped to 3.3 million, a 12-month low, down sharply from the more than 9 million peak seen in January.
- SEC Chairman Paul Atkins announced at the Philadelphia Fed Fintech Conference that the SEC will launch a new regulatory framework called "Token Taxonomy," aiming to redefine when crypto assets are considered securities.
Macro Hot Topics
- Market sources: Japanese exchanges are exploring ways to curb listed companies from hoarding cryptocurrencies.
- US Treasury Secretary: By 2030, the stablecoin market could grow by 10x, from the current $30 billion to $300 billion.
- White House: Trump signed a temporary funding bill today at 10:45am (UTC+8).
- Market news: Amid Trump’s increasing criticism of the Fed and his own upcoming re-election vote, Fed hawk Raphael Bostic unexpectedly steps down.
Market Overview
- BTC down ~3.5%, ETH down ~5.2%—short-term panic in the market. About $532 million in liquidations over the past 24 hours, mostly from long positions.
- US stock market closed mixed: Dow led with a gain of over 300 points while Nasdaq saw a slight pullback. Global risk appetite is weakening.

3.Bitget BTC/USDT liquidation heatmap shows current pressure concentrated below key long support levels, with wide distribution of short liquidations. Short-term volatility has increased; watch for support holding and rebound signals.

4.In the past 24 hours, BTC spot inflows totaled $2.86 billion, outflows $2.29 billion, with a net inflow of $570 million.
5.In the last 24 hours, contract trading in BTC, ETH, USDT, XRP, BNB, etc. saw net outflows, indicating potential trading opportunities.
News Highlights
- The US SEC is set to release a digital asset categorization framework, clarifying the distinction between securities and commodities.
- Analyst: The number of crypto projects with market caps over $100 million has fallen from 477 in Nov 2021 to 388 currently.
- SoFi Technologies launched an integrated crypto trading platform, becoming the first US bank to operate both retail crypto and traditional business.
- Ethereum Foundation: Account abstraction team and Vitalik jointly published the “Trustless Declaration” and put it on-chain.
Project Updates
- Ethereum co-founder Taylor Gerring’s affiliated address staked 7,455 ETH (~$25.35 million) early this morning.
- Sonic Network to undergo a mainnet upgrade, aiming to enhance infrastructure performance.
- SharpLink Q3 report: Total revenue up 1,100% YoY, with total crypto assets of around $3 billion.
- Since x402’s launch, its network facilitators have processed over 18.82 million transactions—a 35x increase since May.
- SoFi Technologies has integrated crypto trading services, broadening its digital banking business.
- FTX/Alameda redeemed 193,800 SOL from staking and distributed them to 28 addresses.
- Ethereum and Solana ETFs have received regulatory approval, enabling staking to enhance asset liquidity.
- Monad mainnet will launch officially on November 24, 2025, positioning itself as a high-performance Layer-1 blockchain solution.
- IRS has announced a safe harbor policy for crypto staking ETF trades, boosting project compliance.
- Beaconchain: Since July, the number of daily active validators on Ethereum has dropped by about 10%, hitting its lowest level since April 2024.
Disclaimer: This report is generated by AI, with human verification for information only. It does not constitute investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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