TL;DR

• BTC dropped by 2.62% in the past 24 hours, with a low of $90,800, testing the $90,000 support level.
• MEMEFI, recently listed on major exchanges, performed exceptionally well, with a single-day increase of 85.22%, leading the altcoin sector.
• The total staked amount of Ethereum (ETH) has exceeded 34 million, with Lido continuing to hold a dominant position in the market.
• Arkham data reveals that Donald Trump holds over $5.4 million in crypto assets, predominantly in Ethereum.
• Supra, the integrated public blockchain, has announced that its mainnet will launch on November 27, coinciding with the start of its TGE (Token Generation Event).

Market Analysis

Based on Gate.io market data, as of 00:00 UTC on November 27 [1]:

• BTC — The price of BTC has dropped by 2.62% in the past 24 hours, currently at $93,125.1. During this period, the highest price was $96,000, and the lowest was $90,700 After pulling back from its recent highs, BTC is now in a downward trend on the 1-hour timeframe, with support forming near $90,720. Trading volume has gradually declined, suggesting that the market may enter a consolidation phase in the near future.

• ETH — The price of ETH has dropped by 3.83% in the past 24 hours, currently trading at $3,251.53. Over the same period, the highest price was $3,461.84, and the lowest was $3,251.85. After pulling back from $3,500 to $3,314, ETH has consolidated, with strong support forming around $3,251. If it holds this level, ETH is likely to resume its upward trajectory.

• ETF — According to SoSoValue data, on November 26, U.S. Bitcoin spot ETFs saw a total net outflow of $122 million, while U.S. Ethereum spot ETFs recorded a total net outflow of $40.67 million. [3]
• Altcoins — Sectors such as Real World Assets (RWA), Pump.fun Ecosystem, and Stablecoin Protocol experienced gains of +21.1%, +16.2%, and +14.1%, respectively. [4]
• U.S. Stock Market Indices — The S&P 500 Index rose by 0.57%, the Nasdaq Index increased by 0.62%, and the Dow Jones Index climbed by 0.28%. [5]
• Spot Gold — The price of spot gold dropped by 0.13%, currently at $2,629.86 per ounce.
• Fear and Greed Index — The Fear and Greed Index fell from 79 to 75, indicating that the market remains in a state of greed. [6]

Top Performers

According to Gate.io market data[7], the following altcoins have shown significant gains over the past 24 hours based on trading volume and price performance:

MEMEFI — 24-hour increase of approximately 85.22%, with a circulating market cap of $132 million.
MEMEFI is a community-driven, multi-functional token primarily designed for use within the MemeFi ecosystem’s Web3 applications and Telegram advertising network. The token serves various purposes, including in-game rewards, character development, micropayments, and discounts for advertising network services. [8]

Recently, MEMEFI was listed on multiple exchanges, sparking investor interest and driving price growth. Additionally, investments in MemeFi by well-known institutions such as AC Capital have bolstered market confidence, further fueling the price surge.

AI16Z — 24-hour increase of approximately 50.8%, with a circulating market cap of $243 million.
AI16Z is an innovative project combining artificial intelligence and blockchain technology. It simulates the venture capital role of Marc Andreessen, leveraging autonomous wallets and the DegenAI chatbot to provide investment advice and interactive experiences for community users. The project operates as a decentralized autonomous organization (DAO), creating unique interactive scenarios and token utility for its users.

Recently, the founder of AI16Z announced several positive updates within the community. These include plans to launch AI16Z DAO autonomous trading functionality next week, further enhancing the token’s decentralization and operational capabilities. Additionally, the team is in discussions with a16z and top-tier centralized exchanges (CEXs) to establish a legal entity, paving the way for exchange listings. They are also negotiating potential collaborations with the Ethereum Foundation, Magic Eden, and other partners to expand the project’s ecosystem.

These significant developments have enhanced market confidence in AI16Z but also driven its rapid price increase. [9]

ZULU — 24-hour increase of approximately 11.74%, with a circulating market cap of $2.43 million.
Zulu Network is the first native Bitcoin DePIN (Decentralized Physical Infrastructure Network) layer, combining Bitcoin’s security with EVM’s flexibility. It focuses on optimizing AI and DePIN applications while offering users opportunities for asset staking and yield generation.

Recently, the price of Zulu Network’s token, $ZULU, has risen by nearly 12%, primarily driven by a 5-day promotional campaign launched by a prominent centralized exchange (CEX). This campaign encourages users to deposit, trade $ZULU, and invite friends to join, utilizing a reward token pool to attract significant market attention. The promotion successfully boosted $ZULU’s trading volume and liquidity, solidifying its position within the DePIN ecosystem. These favorable developments have strengthened market confidence, contributing to the rapid increase in $ZULU’s price. [10]

Data Highlights

Total Ethereum Staking Exceeds 34 Million ETH, with Lido Leading the Market
The staking total on the Ethereum Beacon Chain has reached 34,707,046 ETH, accounting for 28.31% of Ethereum’s total supply. Among these, the liquid staking protocol Lido leads the market with 9,732,029 ETH staked, representing 28.04% of the total, and supported by 304,000 validators. Coinbase follows with 3,662,947 ETH, or 10.55% of the total staked. Since the Shanghai upgrade, the net inflow of staked ETH has totaled 16,541,056 ETH, demonstrating the market’s ongoing demand for staking. [11]

Lido’s market share, nearing 30%, underscores the significance and widespread adoption of liquid staking. However, this high concentration raises potential risks related to decentralization. Meanwhile, the steady growth in Ethereum staking reflects user confidence in the network’s rewards and stability.

Bitcoin On-Chain Transaction Volume Surges to Yearly High
The daily average transaction volume on the Bitcoin network has fluctuated significantly since the beginning of the year. Earlier in the year, volumes remained in the $40–50 billion range, peaking at a temporary high of $80 billion in late February before declining to a low of approximately $40 billion in May. However, starting in October, transaction volumes have risen markedly, recently nearing $100 billion, setting a new high for the year. [12]

The surge in on-chain transaction volume indicates increased market activity and the presence of significant capital flows. The recent uptick may be driven by Bitcoin’s breakout price rally, improved market sentiment, and the entry of additional institutional funds. Furthermore, macroeconomic factors could influence the market as the year-end approaches, potentially adding further momentum to this trend.

Pump.fun Platform Sees High Daily Token Issuance but Low Success Rate
In the past 24 hours, the Pump.fun platform launched 42,168 tokens, but only 587 tokens successfully “graduated.” This translates to a success rate of approximately 1.2%, highlighting the platform’s high token issuance volume but relatively low proportion of successful projects. [13]

To “graduate,” a token must successfully launch on Raydium and achieve a market capitalization exceeding $69,000, meeting the platform’s defined success threshold.

As a low-barrier, one-click token issuance tool, the Pump.fun platform reflects strong user demand for creating tokens through its rapid growth in token numbers. However, the fact that only a small fraction of tokens successfully “graduate” indicates that most projects fail to gain sufficient market recognition or demonstrate practical value. This phenomenon of high issuance volume but low success rates may result in varying quality among tokens on the platform.

To improve the success rate of tokens in the future, the platform could consider implementing stricter vetting mechanisms, which would help optimize the overall ecosystem quality and enhance its appeal to the market.

Solana Network Generates $70 Million in Transaction Fees Last Week, Setting a New Record
According to data from Artemis, Solana’s network transaction fees reached $70 million last week, marking a historic high and showcasing the strong growth momentum of its ecosystem. The recent memecoin frenzy was a key driver, attracting a surge of users to the network. Decentralized applications like Moonshot, which supports Apple Pay for deposits, further lowered the barrier to entry for everyday users. Additionally, the Pump.fun platform, which launches over 40,000 new tokens daily, significantly increased transaction frequency, providing substantial support for fee revenues.

Notably, half of these fees (approximately $35 million) were burned, contributing directly to the value of the $SOL token and creating returns for token holders. Solana’s unique economic model ties fee growth closely to the token ecosystem, offering a robust foundation for long-term development. With total revenue projected to exceed $300 million in 2024, Solana is set to further solidify its position as a leading mainstream blockchain. [14]

Tokenized U.S. Treasury Market Reaches $2.5 Billion, On-Chain RWA Assets Surpass $13 Billion
According to data from rwa.xyz, the tokenized U.S. Treasury market has grown to $2.5 billion, while the total value of on-chain Real World Assets (RWA) has exceeded $13.4 billion. This reflects the remarkable growth potential of the sector as blockchain technology continues to integrate with traditional finance. RWA combines traditional financial assets with blockchain technology, leveraging smart contracts to enable efficient, transparent, and decentralized asset management models.

The successful tokenization of U.S. Treasuries demonstrates blockchain’s gradual penetration into the traditional financial system. This trend also highlights increased trust among institutional investors in blockchain-based assets. By tokenizing low-risk, high-yield assets such as U.S. Treasuries, investors gain not only security but also greater flexibility through decentralized finance.

This development provides a new growth driver for the blockchain industry. The RWA market is poised to play a critical role in driving the mass adoption of blockchain technology. [15]

Spotlight Analysis

Donald Trump Holds Over $5.4 Million in Crypto Assets, Ethereum Dominates His Portfolio
According to Arkham data, Donald Trump’s crypto holdings total $5,417,277, with the majority in ETH and WETH. He owns 495.664 ETH, valued at approximately $1.7 million, and 478.787 WETH, worth about $1.64 million,collectively representing over 60% of his portfolio. Additionally, Trump holds 579,290 Trump tokens (valued at roughly $1 million) and smaller allocations in tokens like TROG, GUA, and USDC. His portfolio shows a strong preference for the Ethereum ecosystem, while his significant Trump token holdings highlight his support for assets tied to his personal brand. [16]

Uniswap v4 Launches Record $15.5 Million Bug Bounty Program
Uniswap Labs has introduced a $15.5 million bug bounty program, the largest in blockchain history, to encourage developers and security researchers to audit its v4 core contracts. This initiative underscores Uniswap’s commitment to platform security and provides a significant incentive for the community to discover and report vulnerabilities.

According to the official announcement, rewards for critical vulnerability reports will be based on the risk level, with a maximum bounty of $15.5 million. The program covers all deployed contracts of Uniswap v4’s core contracts and ensures strict confidentiality throughout the vulnerability disclosure process to safeguard the platform.

This bounty program not only incentivizes developers and security researchers but also reflects Uniswap’s dedication to platform security. As decentralized finance (DeFi) applications continue to grow, security has become a primary concern for users. Through this initiative, Uniswap Labs can attract global security experts to identify and address potential vulnerabilities promptly, improving the platform’s overall security and reliability. For the crypto industry, this open security review mechanism signals that blockchain projects prioritize safety while pursuing innovation. [17]

Supra to Launch Mainnet and TGE on November 27
The Supra public blockchain is set to officially launch its mainnet on November 27, marking a new milestone for its Web3 ecosystem. As the first vertically integrated Layer 1 blockchain, Supra offers several innovative features such as MultiVM and a native oracle, and it has secured $38 million in funding. Since the launch of its testnet in August, Supra has processed over 9 million transactions and engaged 510,000 users. Its $SUPRA token will debut on Gate.io on November 27.

Supra’s launch provides developers with an efficient and flexible development environment, accelerating the adoption of Web3 applications. Looking ahead, Supra plans to attract top global developers to collaboratively build a thriving Web3 ecosystem. [18]

Funding News

According to RootData, over the past 24 hours, five projects announced successful funding rounds, with a total amount exceeding $24.16 million. The largest single round reached $10 million, with investments spanning AI, infrastructure, and other sectors. Details of the funding are as follows: [19]

Talus Network — Raised $6 million in a seed round led by Polychain Capital and Foresight Ventures. Talus Network is a high-throughput blockchain protocol focused on supporting decentralized AI agents. The project aims to drive the convergence of AI and crypto through blockchain infrastructure.

Balance — Raised $10 million in funding from Animoca Brands and Amber Group. Balance is building a secure and stable global social and gaming network powered by AI and blockchain technology, delivering enhanced services to users worldwide.

Schuman Financial — Raised $7.36 million in a seed round led by RockawayX and Lightspeed Faction. Schuman Financial is developing blockchain financial infrastructure under EU regulations. It recently launched EURØP, a euro-backed stablecoin compliant with MiCA regulations, fully collateralized by cash and equivalents, and pegged 1:1 to the euro. EURØP is designed to simplify global digital payments, on-chain forex trading, and real-world asset tokenization.

Airdrop Opportunities

Portal — A Bitcoin-based DeFi project enabling anonymous, zero-knowledge transactions through its cross-chain decentralized exchange (DEX). Its unique atomic swap technology eliminates intermediary risks, preventing the security issues associated with wrapped tokens (e.g., wBTC, wETH) or bridges. Portal has raised $42.5 million and recently launched its testnet, offering users the chance to earn rewards via LiteNodes. [20]

How to Participate:

1. Download and install the Portal DEX wallet, then create or import a wallet.
2. Connect your wallet to a Portal account and link your Twitter and Discord profiles.
3. Complete all assigned tasks to earn rewards.
4. Share your referral link with friends and invite them to join.
5. Complete Zealy tasks to earn additional points. [21]
6. Open the wallet, request test tokens, and perform swap interactions.

Notes:
The airdrop program and participation methods may be updated at any time. Users are advised to follow Portal’s official channels for the latest information. Additionally, approach with caution, assess risks, and conduct thorough research before participating. Note that Gate.io does not guarantee the distribution of future airdrop rewards.


References:

1. Gate.io, https://www.gate.io/price
2. Soso Value, https://sosovalue.com/assets/etf
3. CoinGecko, https://www.coingecko.com/en/categories
4. Investing, https://investing.com/indices/usa-indices
5. Investing, https://investing.com/currencies/xau-usd
6. Gate.io, https://www.gate.io/bigdata/homeindex
7. Gate.io, https://www.gate.io/price
8. X,https://x.com/memeficlub
9. X,https://x.com/shawmakesmagic/status/1858823572434940048
10. Gate.io, https://www.gate.io/post/Gate%20News/status/7899986
11. Dune, https://dune.com/hildobby/eth2-staking
12. The block,https://www.theblock.co/data/on-chain-metrics/bitcoin/bitcoins-adjusten-on-chain-volume-daily
13. Dune, https://dune.com/adam_tehc/pumpfun
14. Artemis, https://app.artemisanalytics.com/chains
15. RWA.xyz, https://app.rwa.xyz/
16. X, https://x.com/ArkhamIntel/status/1861106165226062155
17. X, https://x.com/Uniswap/status/1861409607505064238
18. X, https://x.com/SUPRA_Labs/status/1861278927873880412
19. Rootdata, https://www.rootdata.com/Fundraising
20. X, https://x.com/PortaltoBitcoin/status/1858514707684184435
21. Zealy, https://zealy.io/cw/portaltobitcoin/invite

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