Bitget Daily Digest (Nov 11)｜Uniswap Proposal Activates Protocol Fee Switch & UNI Burn; Monad Announces Tokenomics, 3% Airdropped to Community; Strive Increases BTC Holdings to 7,525
Today's Outlook
- The Uniswap ecosystem sees a major governance proposal: On November 10, Uniswap Labs and the Foundation proposed activating the protocol fee switch and implementing a UNI burn mechanism. UNI surged over 38% in the past 24 hours, now trading at $41.66 with a market cap rising to $7.192 billion.
- Monad unveiled its tokenomics: total token supply of 100 billion, with 7.5% to be sold at a fully diluted valuation (FDV) of $2.5 billion and 3% to be airdropped to the community.
- Solayer (LAYER) will unlock around 27.02 million tokens (~$6.6 million) on November 11, 2025, accounting for 9.51% of circulating supply.
Macro & Trending News
- The U.S. Senate has approved a bill to avert a government shutdown, sending it to the House of Representatives.
- No net inflows reported for the US Hedera spot ETF; Litecoin spot ETF recorded a single-day net inflow of $2.11 million.
- The U.S. Depository Trust & Clearing Corporation (DTCC) has added 5 XRP spot ETF products to its clearing list, with related products expected to launch soon.
- Nasdaq-listed Strive announced the purchase of 1,567 BTC at an average price of $103,315, bringing its total Bitcoin holdings to 7,525 BTC.
Market Overview
- BTC/ETH dipped slightly in the short term, with the market leaning bearish. The total liquidation across the market in the past 24 hours amounted to approximately $318 million, with long liquidations accounting for $178 million.
- U.S. stocks closed higher on Monday: Dow Jones rose 0.81%, Nasdaq jumped 2.27%, and the S&P 500 climbed 1.54%.
3.According to Bitget’s BTC/USDT liquidation map, BTC is currently priced at $105,992 USDT. Heavy high-leverage long liquidation is concentrated in the $104,000–$105,500 range; a break below could trigger a long-side flush.
4.In the past 24 hours, BTC spot inflows totaled $495 million, with outflows at $460 million, for a net inflow of $35 million.
5.Over the past 24 hours, contract trading in BTC, ETH, USDT, XRP, and BNB saw notable net outflows, indicating potential trading opportunities.
Latest Developments
- The U.S. Senate's Agriculture Committee released a draft crypto regulation bill, aiming to grant new oversight powers to the CFTC for digital commodities.
- ZK Nation announced a proposal to upgrade its ZK token with a permissionless burn function; voting begins November 14.
- The U.S. Treasury and IRS released new guidance, outlining clear pathways for staking with crypto ETPs.
- Brazil’s central bank issued new regulations for virtual asset oversight, officially establishing a legal framework for "Virtual Asset Service Providers", effective February 2026.
Project Updates
- Starknet (STRK) v0.14.1 upgrade will launch on its testnet on November 11, 2025.
- peaq (PEAQ) will unlock around 84.84 million tokens (~$6 million), making up 5.57% of circulating supply, on November 12, 2025.
- SUI Group and Bluefin announced a partnership: 2 million SUI provided as loans in exchange for 5% of Bluefin’s revenue.
- Rumble inked a $100 million advertising deal with Tether, spread over two years at $50 million per year.
- Hourglass’s Stable Vault phase 2 KYC application deadline extended, with over 17,000 applications approved so far.
- Aptos (APT) will unlock around 11.31 million tokens (~$33.4 million, 0.49% of circulating supply) on November 11, 2025, 14:00.
- Chainlink (LINK) will kick off its Season 1 incentive program—covering LINK staking and token claims—on November 11, 2025.
- In Q3, 23 Solana-based projects secured over $211 million in total fundraising, up 70% quarter-over-quarter.
- Japan’s Financial Services Agency (FSA) plans to require mandatory registration for third-party crypto custodians to enhance industry security.
- Strive increased its Bitcoin holdings to 7,525 BTC, accelerating digital asset allocation.
Disclaimer: This report is AI-generated, with manual verification for accuracy. It does not constitute investment advice.
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.
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