Crypto Market Slides as ETF Outflows Hit BTC, ETH; Uniswap CCA Launches

I. Crypto Market Overview

Key Takeaways

Macro Environment

Japan is preparing a ¥17 trillion stimulus to boost domestic demand, potentially increasing crypto market liquidity. The SEC's new guidelines enable faster crypto ETF approvals, likely enhancing US market confidence. The European Commission's push to centralize crypto oversight under ESMA raises legal uncertainty and could delay MiCA implementation.

Crypto Market

The crypto market saw broad declines over the past 12 hours, with BTC down 4.4% to $97,474 and ETH falling 9.3% to $3,144, pressured by renewed ETF outflows and weak risk sentiment. Altcoins also dropped sharply; MYX fell 13.6%, ARB 11.7%, and FET 12.6%. ZEC outperformed with a smaller 4.0% loss, while SOON was relatively stable at -0.3%. The downturn was driven by institutional outflows, risk-off flows, and sector-wide deleveraging.

Today's Outlook

Uniswap launches its Continuous Clearing Auction protocol on v4 today, aiming to combat front-running and whale manipulation in token launches. Japan will release October CPI data, with core inflation expected to rise to 3.0% year-on-year, potentially impacting global risk sentiment. Nillion begins its migration to Ethereum, transferring treasury and NIL tokens to mainnet as part of its privacy security computing network expansion.

Fear and Greed Index

38.00% Annual Percentile

22 Fear

Total Crypto Market Cap

$3.26T

1.24%

Total Market Trading Volume

$169.09B

34.87%

Altcoin Season Index

83.33%

Quarterly Percentile

33 / 100

Total Futures Market Open Interest

4.28B

3.83%

Futures

823.94B

0.05%

Perpetuals

II. Industry Updates

Macro-economic Policies

Japan is preparing a ¥17 trillion economic stimulus package to support households and boost domestic demand, which could increase liquidity and risk appetite in crypto markets.

The UK faces stagnation, high inflation, and rising unemployment, fueling expectations for fiscal stimulus in the upcoming Autumn Budget, potentially impacting GBP volatility and crypto-asset flows.

The Federal Reserve recently cut its benchmark interest rate to a three-year low, aiming to cushion slowing US growth; this move may enhance Bitcoin and DeFi liquidity by lowering borrowing costs.

Fed officials remain divided on a possible December rate cut, creating uncertainty in US monetary policy and contributing to increased volatility in Bitcoin and altcoin markets.

India's retail inflation, excluding gold, is expected to stay negative for two months, presenting a policy dilemma for the RBI; persistent low inflation could support continued capital inflows into digital assets.

Cryptocurrency Regulatory Trends

The SEC has released new guidelines enabling faster approval of crypto ETFs post-shutdown, allowing applications to become effective automatically after 20 days, which is expected to boost market liquidity and investor confidence.

The European Commission is proposing to centralize crypto oversight under ESMA, reducing national regulators' roles and raising concerns about legal uncertainty and potential delays in MiCA implementation across the EU.

A new bill in Brazil's Chamber of Deputies seeks to ease stablecoin transfer regulations, but authorities warn it could weaken anti-money laundering standards and impact Brazil's compliance with global financial norms.

SEC Chair Paul Atkins announced 'Project Crypto,' aiming to clarify digital asset classification and end the perpetual securities label for tokens, which could provide much-needed regulatory clarity for the US crypto market.

The UAE has enacted a new Central Bank law expanding licensing requirements for crypto activities, imposing heavy penalties for unlicensed operations and tightening compliance for both domestic and foreign crypto service providers.

Zcash (ZEC): Zcash surged 25.6% in 24h, reaching $691, driven by institutional demand, Winklevoss-backed Cypherpunk's $58M ZEC treasury, and privacy coin momentum.

MYX Finance (MYX): MYX Finance rose 22.3% in 24h to $2.71, with $79.7M volume, fueled by DeFi sector rotation and high on-chain trading activity despite recent volatility.

SOON (SOON): SOON gained 20.2% in 24h to $2.44, hitting a $316M daily volume, as its SVM rollup stack and cross-chain integrations attracted strong user and developer interest.

Smart Money Movements

Harvard University increased its IBIT Bitcoin ETF holdings by 257% in Q3, reaching 6.81 million shares valued at $443 million, making it the endowment's largest single position.

A crypto whale acquired 251 BTC worth $24.18 million within six hours, boosting total holdings to 4,169 BTC ($401.47 million) as of November 15.

Goldman Sachs purchased 17.4 million additional shares of BlackRock's Ethereum spot ETF in Q3, raising its total to 42.3 million shares and solidifying its position as the largest institutional holder.

MicroStrategy continued its aggressive Bitcoin accumulation, buying BTC every day this week as part of its ongoing treasury strategy.

A whale identified as 0x0ddf opened a 1,000 BTC long position valued at $95.3 million with 3x leverage, signaling strong bullish sentiment among large investors.

Events to Watch

Nov 15 (Sat)

Japan will release October CPI data, with core inflation expected to rise to 3.0% year-on-year; Tuyo Airdrop Season 0 ends, last chance for 4x multiplier and 20% token allocation.

Nov 15 (Sat)

Uniswap launches Continuous Clearing Auction (CCA) protocol on v4, enabling real-time token auctions to combat front-running and whale manipulation.

Nov 15 (Sat)

Nillion begins migration to Ethereum, transferring treasury and NIL tokens to the mainnet as part of its privacy security computing network expansion.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

Japan is preparing a ¥17 trillion economic stimulus package to support households and boost domestic demand, which could increase liquidity and risk appetite in crypto markets.

The UK faces stagnation, high inflation, and rising unemployment, fueling expectations for fiscal stimulus in the upcoming Autumn Budget, potentially impacting GBP volatility and crypto-asset flows.

The Federal Reserve recently cut its benchmark interest rate to a three-year low, aiming to cushion slowing US growth; this move may enhance Bitcoin and DeFi liquidity by lowering borrowing costs.

Fed officials remain divided on a possible December rate cut, creating uncertainty in US monetary policy and contributing to increased volatility in Bitcoin and altcoin markets.

India's retail inflation, excluding gold, is expected to stay negative for two months, presenting a policy dilemma for the RBI; persistent low inflation could support continued capital inflows into digital assets.

Cryptocurrency Regulatory Trends

The SEC has released new guidelines enabling faster approval of crypto ETFs post-shutdown, allowing applications to become effective automatically after 20 days, which is expected to boost market liquidity and investor confidence.

The European Commission is proposing to centralize crypto oversight under ESMA, reducing national regulators' roles and raising concerns about legal uncertainty and potential delays in MiCA implementation across the EU.

A new bill in Brazil's Chamber of Deputies seeks to ease stablecoin transfer regulations, but authorities warn it could weaken anti-money laundering standards and impact Brazil's compliance with global financial norms.

SEC Chair Paul Atkins announced 'Project Crypto,' aiming to clarify digital asset classification and end the perpetual securities label for tokens, which could provide much-needed regulatory clarity for the US crypto market.

The UAE has enacted a new Central Bank law expanding licensing requirements for crypto activities, imposing heavy penalties for unlicensed operations and tightening compliance for both domestic and foreign crypto service providers.

Trending Tokens

Zcash (ZEC): Zcash surged 25.6% in 24h, reaching $691, driven by institutional demand, Winklevoss-backed Cypherpunk's $58M ZEC treasury, and privacy coin momentum.

MYX Finance (MYX): MYX Finance rose 22.3% in 24h to $2.71, with $79.7M volume, fueled by DeFi sector rotation and high on-chain trading activity despite recent volatility.

SOON (SOON): SOON gained 20.2% in 24h to $2.44, hitting a $316M daily volume, as its SVM rollup stack and cross-chain integrations attracted strong user and developer interest.

Smart Money Movements

Harvard University increased its IBIT Bitcoin ETF holdings by 257% in Q3, reaching 6.81 million shares valued at $443 million, making it the endowment's largest single position.

A crypto whale acquired 251 BTC worth $24.18 million within six hours, boosting total holdings to 4,169 BTC ($401.47 million) as of November 15.

Goldman Sachs purchased 17.4 million additional shares of BlackRock's Ethereum spot ETF in Q3, raising its total to 42.3 million shares and solidifying its position as the largest institutional holder.

MicroStrategy continued its aggressive Bitcoin accumulation, buying BTC every day this week as part of its ongoing treasury strategy.

A whale identified as 0x0ddf opened a 1,000 BTC long position valued at $95.3 million with 3x leverage, signaling strong bullish sentiment among large investors.

Events to Watch

Nov 15 (Sat)

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