Crypto Market Rebounds: UNI, WLFI, TRUMP Lead Gains as BTC Tops $107K

I. Crypto Market Overview

Key Takeaways

Macro Environment

The US government reopening and upcoming CPI data are shaping market expectations for Fed policy, with potential rate cuts fueling volatility. The Bank of England's stablecoin consultation and Japan's new crypto custodian rules signal tightening global regulation. US regulatory progress, including expanded CFTC powers and ETF staking guidance, is boosting institutional confidence.

Crypto Market

The crypto market rebounded, with BTC up 0.78% to $107,026 and ETH down 0.32% to $3,631.31, as institutional inflows returned and risk sentiment improved. Altcoins showed strong divergence: UNI surged 48.2%, WLFI rose 17.3%, and TRUMP gained 12.7%, driven by governance proposals, macro relief, and meme momentum. SOL and FET also outperformed, while most sectors saw mixed trends.

Today's Outlook

Key events today include the unlock of 11.31M APT tokens ($36.19M), the Injective (INJ) network upgrade and hard fork, and the launch of Chainlink Rewards Season 1 with airdrops for LINK stakers. These may drive volatility and sector rotation.

Fear and Greed Index

80.00% Annual Percentile

29 Fear

Total Crypto Market Cap

$3.56T

0.48%

Total Market Trading Volume

$171.68B

15.59%

Altcoin Season Index

54.55%

Quarterly Percentile

30 / 100

Total Futures Market Open Interest

3.25B

0.58%

Futures

821.87B

6.65%

Perpetuals

II. Industry Updates

Macro-economic Policies

The US government is set to reopen after the longest shutdown in history, which erased nearly $55 billion in GDP and delayed key economic data, creating uncertainty for the Federal Reserve's monetary policy and impacting crypto market sentiment.

Federal Reserve officials are divided ahead of the December FOMC meeting, with some advocating a 50 basis point rate cut and others urging caution due to persistent inflation near 3%. This policy uncertainty is fueling volatility in Bitcoin and DeFi asset prices.

Delayed US inflation data, now emerging after the shutdown, is reshaping market expectations for Fed policy. A dovish shift could boost risk assets, including BTC and DeFi tokens, while sticky inflation may limit further monetary easing.

The Australian dollar rallied on hopes of a US government reopening and stable Fed policy, reflecting a global 'risk-on' sentiment that has supported crypto market recovery and increased liquidity in major digital assets.

The Bank of England faces pressure to cut rates as UK jobs data looms, intensifying GBP volatility. This uncertainty in major fiat currencies is increasing demand for stablecoins and influencing DeFi liquidity flows.

Cryptocurrency Regulatory Trends

The US Treasury and IRS have issued new guidance allowing crypto ETF trusts to stake assets on proof-of-stake blockchains, removing tax and regulatory barriers. This move is expected to boost institutional participation and could drive increased capital inflows into staking-enabled ETF products.

The US Senate Agriculture Committee released a draft bill proposing expanded CFTC powers over digital assets, aiming to clarify regulatory jurisdiction between the SEC and CFTC. This draft signals progress toward a unified US crypto regulatory framework, potentially increasing investor confidence.

Japan's Financial Services Agency is advancing new rules requiring crypto custodians and trading service providers to register with regulators, following major security incidents. The initiative is expected to strengthen digital asset security and may raise compliance costs for exchanges.

The Bank of England has launched a consultation on systemic stablecoin regulation, proposing a £20,000 holding limit per individual. This measure aims to mitigate systemic risks and could restrict large-scale stablecoin use in the UK, impacting liquidity strategies for traders and institutions.

Brazil's central bank has finalized new rules for virtual asset service providers, mandating strict AML and KYC compliance. The regulatory clarity is fostering institutional adoption and market growth, but recent tax reforms have sparked debate among local crypto investors.

Uniswap (UNI): UNI surged 49% in 24h to $9.97, driven by a governance proposal to activate the Protocol Fee Switch and introduce a UNI burn mechanism, with trading volume up 400% to $2.2B.

World Liberty Financial (WLFI): WLFI rose 16.6% in 24h to $0.154, with volume spiking 842% to $900M after the US Senate advanced a government shutdown deal, triggering $3.4M in short liquidations.

OFFICIAL TRUMP (TRUMP): TRUMP gained 13% in 24h to $8.79, with $1.95B in trading volume as it became the fifth-largest meme coin by market cap, fueled by renewed meme coin momentum and political narratives.

Smart Money Movements

Strategy acquired 487 BTC for $49.9 million, raising its total Bitcoin holdings to 641,692 BTC, with the purchase funded by $50 million in stock sales.

Strive completed a Nasdaq listing and purchased 1,567 Bitcoin at an average price of $103,315, totaling approximately $162 million, increasing its total holdings to 7,525 BTC.

BitMine Immersion acquired 110,000 ETH during a market dip, demonstrating confidence in Ethereum's long-term value despite recent volatility.

Bitmain purchased 41,792 ETH worth $147 million, including 18,271 ETH from Kraken, signaling strategic diversification into Ethereum.

A crypto whale deposited 34,156 ETH into Aave and borrowed $60 million USDT, transferring the funds to Binance, indicating preparation for a large-scale Ethereum purchase.

Events to Watch

Nov 11 (Tue)

Aptos (APT) unlocks 11.31M tokens ($36.19M) at 6:00 a.m. UTC; Injective (INJ) network upgrade and hard fork at block 141,150,000 (~14:00 UTC); Chainlink Rewards Season 1 launches with airdrops for LINK stakers.

Nov 12 (Wed)

US Producer Price Index (PPI) data for November released, impacting Fed rate expectations; Cardano Summit in Berlin focuses on enterprise blockchain adoption.

Nov 13 (Thu)

US October CPI data released at 8:30 a.m. ET, key for Fed policy; UK Q3 GDP data at 2:00 ET; AVAX unlocks 1.67M tokens ($29.52M); CHEEL unlocks 20.81M tokens ($13.73M); Canary Capital XRP ETF auto-approval window opens.

Nov 14 (Fri)

Eurozone Q3 GDP flash estimate released at 10:00 a.m. UTC; Canada November unemployment rate data published, influencing CAD.

Nov 15 (Sat)

CONX unlocks 2.32M tokens ($29.22M); WCT unlocks 125M tokens ($15.61M); PUMP unlocks $41.57M in tokens; Hashdex XRP ETF auto-approval date.

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