Morning news overview: Derivation market experiences significant Fluctuation, global institutions accelerate layout of encryption assets.

Source: TokenPost Original Title: [Morning News Briefing] In the last hour, forced liquidation of futures positions worth $262 million, etc. Original Link:

Market Dynamics

Significant Volatility in the Derivatives Market

In the past hour, major exchanges experienced $262 million in cryptocurrency futures position liquidations. Over a 24-hour cumulative period, the total liquidation amount reached $910 million, indicating a significant increase in market volatility.

Policies and Regulations

U.S. Legislation Advances Bitcoin Strategic Reserves

U.S. House Representative Warren Davidson ( has introduced the “U.S. Bitcoin Bill,” aimed at legalizing the executive order on Bitcoin strategic reserves while exempting capital gains tax when using Bitcoin to pay taxes.

Joint Promotion of Tax Policies in the Cryptocurrency Industry

More than 65 cryptocurrency organizations, including the Solana Policy Research Institute, have written to the Trump administration urging the Treasury Department and the IRS to issue long-delayed cryptocurrency tax guidance and to protect decentralized finance ) DeFi (.

The enforcement力度 of the SEC in the United States has decreased

Since Paul Atkins took office as SEC chairman, SEC's enforcement actions have decreased by 30%.

Trends in Institutions and Enterprises

Japanese large asset management companies layout cryptocurrency funds

Including Mitsubishi UFJ Asset Management, Nomura Asset Management, SBI Global Asset Management, and other major asset management companies in Japan, expressed their intention to launch cryptocurrency funds. This is in response to the Japanese Financial Services Agency's consideration of allowing the establishment of cryptocurrency investment trusts.

Global Exchanges and Financial Institutions Expand Services

A compliance platform has launched an ETH collateral loan service based on Morpho, allowing borrowing of up to $1,000,000 USDC. Tokenization companies for physical assets have deployed institutional assets on regulation-friendly blockchain platforms.

Public companies strengthen Bitcoin reserves

Nasdaq-listed Bitcoin mining company Cipher Mining plans to issue $333 million in preferred bonds to expand its Texas mining facilities. Another listed company, Kindly MD, was forced to sell 367 BTC due to losses.

Product and Technology Development

XRP Spot ETF Gains Attention

The XRP ETF launched by the Bitcoin Fund Company has started trading, with a trading volume of 22 million dollars on its first day. This is the second XRP spot ETF launched within a week.

Ethereum Ecosystem Upgrade

The Fusaka upgrade will enhance the scalability of the first layer and restructure the economic framework of the second layer, expected to take place in December, marking the maturity of Ethereum governance.

BONK Token International Expansion

Bitcoin Capital plans to launch the BONK ETP on the SIX Swiss Exchange on November 27.

Market Price Trends

Bitcoin price continues to decline

The price of Bitcoin has consecutively fallen below the thresholds of $87,000, $88,000, $89,000, and $90,000. According to the USDT trading pair on a leading exchange, Bitcoin reached a low of $89,940.

Investor Trends

Large Holder Position Adjustment

A long-term holder closed 18,517 ETH within two days to avoid liquidation, confirming a loss of $25.29 million. Additionally, a large holder who has held for 5 years transferred 512,440 UNI to a major exchange, which would result in a loss of $11.7 million if sold at the current price.

Other News

UK law enforcement agencies bust large-scale fraud case

The UK's Serious Fraud Office ) SFO ( has arrested two men in connection with a $28 million fraud case involving the Basis Markets project. The project had raised $28 million through two rounds of NFT funding at the end of 2021 but was abruptly terminated in June 2022.

Adjustment of Federal Reserve Monetary Policy Expectations

Morgan Stanley economists have retracted their expectation for a rate cut by the Federal Reserve in December, now forecasting a rate cut once in January, April, and June of 2026. Meanwhile, Wells Fargo analysts believe the Federal Reserve should cut rates by 25 basis points in December.

Other Project Progress

Solana's official announcement of a major announcement is coming soon. Lagrange Labs has registered as a member of the Lockheed Martin supplier ecosystem. Numerai has secured $30 million in Series C funding led by university endowments, with a valuation of $500 million.