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In the recent cryptocurrency market downturn, the main factors include a slowdown in ETF inflows, deleveraging impacts, and liquidity constraints, placing the market in a fragile adjustment period amid macro risk-off sentiment.
Overview of major market events on November 25.
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After dropping from $106,000 to $80,600, Bitcoin has stabilized and started to rebound, sparking discussions in the market about whether a local bottom has been reached. While whales and retail investors continue to sell, mid-sized holders are accumulating. Negative funding rates suggest a potential short squeeze. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
- 10:50Data: The government of Bhutan transferred 320 ETH to Figment for staking, worth approximately $970,000.According to ChainCatcher, Onchain Lens monitoring shows that the government of Bhutan transferred 320 ETH to Figment for staking, valued at 970,000 US dollars.
- 10:39Philippines PDAX launches "Project Bayani" aiming to tokenize $60 billion in assets by 2030According to ChainCatcher, citing a report from CoinDesk, the Philippine digital asset exchange PDAX has released a white paper titled "Project Bayani," projecting that the country's asset tokenization market will reach $60 billion by 2030, covering areas such as public equities, government bonds, and mutual funds. PDAX and GCash have already promoted the tokenization of government bonds, allowing nationwide retail investors to participate with a minimum threshold as low as $8.5, with more than half of the accounts choosing to hold in tokenized form.
- 10:13Lista RWA product launches on BNB Chain, with yields pegged to US Treasuries and AAA-rated corporate bondsJinse Finance reported that on November 27, Lista DAO launched its RWA product and went live on BNB Chain. This product integrates real-world assets through Centrifuae and is supported by Chainlink for pricing. Users can deposit USDT to hold on-chain yield assets pegged to US Treasury bonds and AAA-rated corporate bonds. Currently, the application channel is only open to whitelist users and has been launched simultaneously.