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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)

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)

Bitget2025/11/13 02:47
By:Bitget

Today's Outlook

  1. White House: October non-farm payroll and inflation data may never be released.
  2. 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.
  3. 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.
  4. 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

  1. Market sources: Japanese exchanges are exploring ways to curb listed companies from hoarding cryptocurrencies.
  2. US Treasury Secretary: By 2030, the stablecoin market could grow by 10x, from the current $30 billion to $300 billion.
  3. White House: Trump signed a temporary funding bill today at 10:45am (UTC+8).
  4. 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

  1. 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.
  2. 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.

Bitget Daily Digest (Nov 13)|SEC Proposes

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.

Bitget Daily Digest (Nov 13)|SEC Proposes

4.In the past 24 hours, BTC spot inflows totaled $2.86 billion, outflows $2.29 billion, with a net inflow of $570 million.Bitget Daily Digest (Nov 13)|SEC Proposes

5.In the last 24 hours, contract trading in BTC, ETH, USDT, XRP, BNB, etc. saw net outflows, indicating potential trading opportunities.

Bitget Daily Digest (Nov 13)|SEC Proposes

News Highlights

  1. The US SEC is set to release a digital asset categorization framework, clarifying the distinction between securities and commodities.
  2. Analyst: The number of crypto projects with market caps over $100 million has fallen from 477 in Nov 2021 to 388 currently.
  3. SoFi Technologies launched an integrated crypto trading platform, becoming the first US bank to operate both retail crypto and traditional business.
  4. Ethereum Foundation: Account abstraction team and Vitalik jointly published the “Trustless Declaration” and put it on-chain.
 

Project Updates

  1. Ethereum co-founder Taylor Gerring’s affiliated address staked 7,455 ETH (~$25.35 million) early this morning.
  2. Sonic Network to undergo a mainnet upgrade, aiming to enhance infrastructure performance.
  3. SharpLink Q3 report: Total revenue up 1,100% YoY, with total crypto assets of around $3 billion.
  4. Since x402’s launch, its network facilitators have processed over 18.82 million transactions—a 35x increase since May.
  5. SoFi Technologies has integrated crypto trading services, broadening its digital banking business.
  6. FTX/Alameda redeemed 193,800 SOL from staking and distributed them to 28 addresses.
  7. Ethereum and Solana ETFs have received regulatory approval, enabling staking to enhance asset liquidity.
  8. Monad mainnet will launch officially on November 24, 2025, positioning itself as a high-performance Layer-1 blockchain solution.
  9. IRS has announced a safe harbor policy for crypto staking ETF trades, boosting project compliance.
  10. 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.

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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.