Rewards Hub I. Crypto Market Overview
Key Takeaways
1.
Macro Environment
The Federal Reserve is widely expected to cut rates in December, fueling risk-on sentiment and supporting crypto inflows. The UAE has imposed strict licensing requirements on crypto and DeFi firms, raising compliance costs. The ECB and BIS have warned of systemic risks from stablecoins and tokenized funds, signaling tighter global oversight.
2.
Crypto Market
The crypto market saw broad declines over the past 12 hours, with Bitcoin down 4.43% to $97,474 and Ethereum dropping 9.27% to $3,144.86, pressured by ETF outflows and risk-off sentiment. Altcoins also fell, with DASH down 6.69%, Kaspa down 7.66%, and Merlin Chain down 2.20%. Despite recent mainnet upgrades, sector-wide selling dominated.
3.
Today's Outlook
Key events today include the release of US Personal Consumption Expenditure Price Index data, crucial for inflation expectations, and the opening of the HIT Games Conference in Abu Dhabi and HODL Summit 2025 in Dubai, both spotlighting blockchain and DeFi trends.
Fear and Greed Index
96.00% Annual Percentile
15 Fear
Total Crypto Market Cap
$3.10T
Total Market Trading Volume
$140.13B
Altcoin Season Index
36.36%
Quarterly Percentile
25 / 100
Total Futures Market Open Interest
4.69B
Futures
840.43B
Perpetuals
II. Industry Updates
Macro-economic Policies
1.
The Federal Reserve is widely expected to cut interest rates at its December 9-10 FOMC meeting, with market-implied probabilities above 80%. This anticipated policy easing has triggered a strong "risk-on" sentiment, driving Bitcoin above $90,000 and boosting DeFi liquidity as investors seek higher-yielding digital assets.
2.
Australia's October CPI inflation rose to 3.8% year-over-year, exceeding expectations and raising the likelihood of further RBA tightening. Persistent inflation and potential rate hikes could dampen risk appetite, leading to increased volatility and possible outflows from crypto markets as investors reassess risk premiums.
3.
Japan's government approved a major fiscal stimulus, increasing short-term JGB issuance by ¥7 trillion to fund economic support. This move has pressured the yen and raised concerns about currency stability, which could impact global liquidity flows and influence Bitcoin and stablecoin demand in Asia.
4.
The Reserve Bank of New Zealand cut its Official Cash Rate by 25 basis points to 2.25%, citing economic slack and stabilizing inflation. Lower rates are expected to support household spending and may encourage capital inflows into risk assets, including cryptocurrencies, as local yields decline.
5.
US Producer Price Index (PPI) data for September showed a 0.3% month-over-month increase, matching expectations and signaling cooling wholesale inflation. This supports the case for a Fed rate cut, reinforcing bullish sentiment in crypto markets and driving short-term rallies in BTC and altcoins.
Cryptocurrency Regulatory Trends
1.
The UAE has enacted a new central bank law requiring all crypto and DeFi entities to obtain a license, with fines up to $272 million for non-compliance, increasing regulatory pressure and compliance costs for market participants.
Trending Tokens
1.
Merlin Chain (MERL): MERL surged 134% in 24h with trading volume up 191% to $174.8M, driven by a mainnet upgrade on Nov 26, 2025, aimed at enhancing scalability and ZooKeeper performance.
Smart Money Movements
1.
SpaceX transferred 1,163 BTC worth approximately $105 million to a new wallet, highlighting ongoing corporate Bitcoin activity and potential strategic repositioning.
2.
A crypto whale achieved a 100% win rate this week, realizing $11.29 million profit in 50 days, and recently opened a 3X short position on 1,000 BTC valued at $90.3 million.
Events to Watch
Nov 27 (Thu)
HIT Games Conference opens in Abu Dhabi, focusing on blockchain gaming; HODL Summit 2025 begins in Dubai, covering DeFi and crypto trends.
Nov 27 (Thu)
US Personal Consumption Expenditure Price Index and personal income, savings, and spending data to be released, key for inflation outlook.
Nov 27 (Thu)
Canada releases Q3 current account deficit data, providing insight into economic health and potential currency impact.
Nov 28 (Fri)
Eurozone national November CPI figures and Canada September/Q3 GDP data to be published, influencing EUR and CAD market sentiment.
Nov 29 (Sat)
Hyperliquid unlocks 9.92M core contributor tokens ($333M); Sentient airdrop registration deadline, both events may affect token liquidity.
III. Phemex Market Focus
New Listings
Phemex will list the new spot trading pair MON/USDT. Monad is a high-performance, Layer 1 blockchain that aims to address the scalability limitations of existing networks, particularly Ethereum, while maintaining full compatibility with the Ethereum Virtual Machine (EVM).
Phemex will be listing the new futures trading pair BOBUSDT. This futures pair is linear USDT-margined and supports hedge mode, which allows you to keep both a long and short position at the same time.
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Trade to share 1,500,000 MON in the MON CandyDrop event!
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