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On one hand, Vanguard has opened Bitcoin ETF trading, while on the other hand, CoinShares has withdrawn its applications for XRP, Solana Staking, and Litecoin ETFs, highlighting a significant divergence in institutional attitudes toward ETFs for different cryptocurrencies.
Bitcoin's price remains stable above the real market mean, but the market structure is similar to Q1 2022, with 25% of supply currently at a loss. The key support range is between $96.1K and $106K; breaking below this range will increase downside risk. ETF capital flows are negative, demand in both spot and derivatives markets is weakening, and volatility in the options market is underestimated. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
- 09:20Bitcoin miners are shutting down machines due to declining hash revenueJinse Finance reported that Cointelegraph posted on X, stating that bitcoin miners are shutting down their mining machines because hash revenue has dropped to about $35/PH/day, while the total cost is around $44/PH/day.
- 09:05Data: Nearly $460 million in assets were bridged from other chains to Solana in NovemberAccording to Jinse Finance, monitored by SolanaFloor, nearly $460 million worth of assets were bridged from other chains to Solana in November, with over $300 million of those assets coming from Ethereum alone.
- 09:01XMAQUINA initiates TGE-related voting, proposing a community sale of up to 110 million DEUS tokensChainCatcher reports, Web3 robotics company XMAQUINA has released a governance proposal in preparation for the DEUS token TGE. The proposal seeks DAO approval to allocate the remaining genesis auction supply: 128,067,280 DEUS (approximately 12.8% of the total supply) and $150,000 USDC from the DAO treasury to key initiatives preparing for the DEUS token generation event. These include a final community sale before the TGE, with up to 110 million DEUS (11% of the total supply) available for sale. The sale date and details will be officially announced within the next 10 days in collaboration with strategic launch partners; approximately 1.8% of the total supply will be used for liquidity and exchange listings. The proposal states that the main goal of this sale is to inject more funds into the DAO to continue acquiring equity in humanoid robotics companies. In addition, if approved, the proposal will mandate the activation of DEUS token transferability within a specified timeframe. Voting on the proposal will end on December 6, with the current approval rate at 95.39%.