Preface:
Bitcoin and Ethereum have increased by 9.78% and 3.51% respectively in the past 24 hours, with current prices at $88,146 and $3,335. The ETH/BTC ratio remains at 0.037. The Fear & Greed Index for the crypto market is at 80, indicating greed.

Market Trending

Yesterday, BTC surpassed $89,000, setting a new all-time high! It surged nearly $100,000 in a single day, with its market cap now surpassing silver and the total stock market ETFs, ranking 8th globally by asset market cap. The entire crypto market is on the rise, with the total market cap exceeding $2.7 trillion. Market sentiment is heating up, and a bull market trend has emerged.
Public Chain Sector: SOL broke $220, SUI surpassed $3.3, both setting new records. ETH continues to rise, breaking $3,350 yesterday, with ETH/BTC returning to 0.037.
Meme Sector: ACT and PNUT saw massive gains yesterday due to favorable news, with ACT rising over 20 times and PNUT more than doubling. The meme sector leader, DOGE, rose over 25% in a single day, surpassing $0.36 and overtaking USDC in market cap, ranking 6th. Meme coins generally saw gains of around 10%.
AI Sector: Influenced by AI meme coin ACT, the tokens in this sector generally rose, with WLD, IO, and RENDER gaining over 20% in 24 hours.

Spot Bitcoin ETF Flows

Yesterday, the U.S. Bitcoin Spot ETF saw net inflows of $1.093 billion, with trading volume reaching $7.22 billion, the highest since March 14. IBIT had net inflows of $736 million, FBTC $135 million, ARKB $108 million, and GBTC $24.2 million.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!

Daily Spotlight

Today’s spotlight is DOGE, with a 24-hour increase of 25.7%.
DOGE, or Dogecoin, was created on December 6, 2013, by programmers Billy Markus and Jackson Palmer as a joke inspired by the popular Doge meme featuring the Shiba Inu dog. Over time, Dogecoin has evolved into a community-driven cryptocurrency, popular in internet culture and charitable activities. The total supply of DOGE in its first year was 100 billion, with an annual increase of 5 billion, with no supply cap. Following Bitcoin’s recent new highs, DOGE’s price continues to rise, surpassing $0.36, with a 24-hour increase of 25.7%.
Check Out the Latest Prices, Charts, and Data of DOGE/USDT Spot and DOGEUSDT Perp!

The Word on the Street

Trump is seeking candidates who support cryptocurrency for financial institutions.
On November 12, The Washington Post reported that former U.S. President Donald Trump is preparing to adopt a more lenient stance on cryptocurrency and is seeking key candidates who are friendly to the crypto industry for important positions. His senior advisors are consulting crypto executives about potential federal policy changes. Initial discussions have focused on various financial regulatory agencies, including the SEC. According to five sources, Trump’s advisors are considering current regulators, former federal officials, and financial industry leaders, many of whom have publicly expressed support for cryptocurrencies. However, the discussions are still in the early stages, and the list of candidates remains subject to change.

Project Funding

Brevis Network Completes $7.5 Million Seed Round.
On November 12, Brevis Network completed a $7.5 million seed round funding, led by Polychain Capital, with participation from IOSG Ventures, Nomad Capital, Bankless Ventures, Hashkey, and others. Brevis is a ZK co-processor or computation network designed to improve blockchain scalability through ZK proofs. By offloading complex tasks such as data processing off-chain and only sending the verified proofs back to blockchain, Brevis aims to reduce blockchain workloads, increase speed, and lower costs.