Rewards Hub I. Crypto Market Overview
Key Takeaways
1.
Macro Environment
Japan's $135.5B stimulus weakens the yen and boosts crypto demand, but rising bond yields risk global deleveraging. The US faces a data vacuum after delayed jobs reports, complicating Fed rate decisions and muting crypto volatility. Eurozone PMI disappoints, pressuring the euro and increasing FX-driven crypto liquidity swings.
2.
Crypto Market
The crypto market saw broad declines over the past 12 hours, with Bitcoin down 4.4% to $97,474 and Ethereum dropping 9.3% to $3,144. Altcoins also fell sharply: Canton Network (CC) plunged 15.1%, Optimism (OP) lost 10.0%, and Immutable (IMX) slid 10.8%. The sell-off was driven by risk-off sentiment, weak spot demand, and profit-taking amid macro uncertainty.
3.
Today's Outlook
No major token unlocks or protocol launches are scheduled for today. Market focus remains on macroeconomic data releases and continued volatility in response to global policy shifts and institutional flows.
Fear and Greed Index
82.00% Annual Percentile
15 Fear
Total Crypto Market Cap
$2.88T
Total Market Trading Volume
$281.31B
Altcoin Season Index
18.18%
Quarterly Percentile
27 / 100
Total Futures Market Open Interest
4.36B
Futures
785.65B
Perpetuals
II. Industry Updates
Macro-economic Policies
1.
Japan has approved a $135.5 billion stimulus package to counteract GDP contraction and persistent inflation, weakening the yen and boosting liquidity. This move is expected to increase demand for Bitcoin and other risk assets as Japanese investors seek alternatives, but rising bond yields may trigger global deleveraging, impacting crypto market volatility.
2.
The delayed release of the US September jobs report and cancellation of the October report due to a government shutdown have created a data vacuum, complicating Federal Reserve rate decisions. This uncertainty has led to muted crypto price action, with Bitcoin holding above $92,000 as traders await clearer macroeconomic signals.
3.
Eurozone November PMI data disappointed, with manufacturing contracting and services growth slowing. Weak economic momentum in Europe has pressured the euro, while intervention threats from Japanese authorities have supported the yen. These macro shifts are increasing volatility in FX markets, indirectly affecting crypto liquidity and cross-border flows.
4.
Singapore raised its annual GDP growth forecast after a strong Q3 performance, signaling resilience in Asian markets. This positive outlook is expected to boost regional crypto trading volumes and risk appetite, especially for SGD-pegged stablecoins and major tokens like BTC and ETH during Asian trading hours.
5.
Australia's upcoming monthly CPI report is forecast to show a dip in inflation, mainly due to electricity rebates. If confirmed, this could keep the Reserve Bank of Australia on hold, stabilizing AUD and influencing crypto market sentiment in the Asia-Pacific region by reducing rate hike expectations.
Cryptocurrency Regulatory Trends
2.
Brazil's tax authority now requires both domestic and foreign crypto exchanges to report user transactions exceeding $6,560 per month, including DeFi activities, increasing compliance pressure and legal uncertainty for the local market.
3.
The European Union has intensified MiCA enforcement in 2025, issuing €486 million in penalties for non-compliance, with a focus on AML/KYC failures and stablecoin reserve breaches, raising operational risks for crypto service providers.
Trending Tokens
Smart Money Movements
2.
A dormant whale opened a 20x long Bitcoin position valued at $31.04 million, with a liquidation price near $78,900 and a floating profit of $127,400.
3.
Arthur Hayes sold 7.6 million $BIO tokens for $461,000, incurring a loss of approximately $640,000 compared to his initial withdrawal value three months ago.
4.
A Stellar whale transferred 162.35 million XLM ($36.2 million) to Coinbase, triggering a 10% price drop and a surge in trading volume to $291.64 million.
5.
MicroStrategy moved $105 million in Bitcoin (1,279.31 BTC) to anonymous wallets, prompting speculation about portfolio rebalancing or strategic partnerships.
Events to Watch
US October PCE inflation data and Q3 GDP second estimate to be released; Grayscale and Franklin Templeton to launch XRP ETFs.
Nov 25 (Tue)
Reya Network (ex-Voltz) will hold a DeFi community token sale on CoinList, attracting DeFi investors.
Grvt Global Trading League to host its next crypto trading and esports event, expanding user engagement.
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