Rewards Hub I. Crypto Market Overview
Key Takeaways
1.
Macro Environment
Expectations for a December Fed rate cut have risen to 66-71% amid dovish signals, but internal FOMC divisions and persistent inflation add uncertainty. US economic data delays from the government shutdown complicate policy outlooks, fueling volatility in crypto and risk assets. Regulatory momentum continues, with the SEC approving new crypto ETFs and global jurisdictions tightening oversight.
2.
Crypto Market
The crypto market remains under pressure, with BTC down 4.4% to $97,474 and ETH falling 9.3% to $3,144, driven by ETF outflows and weak risk sentiment. Most altcoins declined, but meme and AI-DePIN tokens outperformed: Maxi Doge surged 0.5% to $0.0636, PepeNode was flat at $0.00000523, and Ozak AI saw strong presale demand despite lacking a live price. Retail inflows and sector rotation fueled these moves.
3.
Today's Outlook
No major high-impact crypto events are scheduled for November 23. Market participants will closely monitor macroeconomic headlines and positioning ahead of upcoming US economic data releases and significant token unlocks later in the week.
Fear and Greed Index
94.00% Annual Percentile
10 Fear
Total Crypto Market Cap
$2.90T
Total Market Trading Volume
$99.29B
Altcoin Season Index
0.00%
Quarterly Percentile
24 / 100
Total Futures Market Open Interest
4.39B
Futures
739.36B
Perpetuals
II. Industry Updates
Macro-economic Policies
1.
Prediction markets now assign a 66-71% probability to a 25bp Federal Reserve rate cut at the December 9–10 FOMC meeting, driven by dovish signals from officials like John Williams. This expectation is fueling volatility in BTC and DeFi markets as traders position for potential monetary easing.
2.
Boston Fed President Susan Collins remains undecided on supporting a December rate cut, citing persistent inflation and limited policy restrictiveness. Her cautious stance adds uncertainty to crypto market sentiment, impacting BTC price stability and risk appetite.
4.
The surge in US spot trading volume for Bitcoin on November 21 signals a potential short-term bottom, as traders react to macroeconomic uncertainty and shifting Fed policy expectations. High turnover reflects increased hedging and repositioning in crypto portfolios.
Cryptocurrency Regulatory Trends
1.
Trinidad and Tobago passed the Virtual Asset and Virtual Asset Service Providers Bill 2025, establishing a licensing framework for crypto businesses and increasing regulatory oversight, which may impact innovation and market entry.
2.
The SEC approved the Bitwise 10 Crypto Index ETF after updating rules to require 85% of holdings be SEC-approved assets, signaling stricter standards and paving the way for more regulated multi-asset crypto ETFs.
3.
Grayscale's XRP and Dogecoin ETFs received NYSE approval, converting private trusts into ETFs, reflecting growing regulatory acceptance and potentially boosting institutional investor confidence.
4.
A loophole in the U.S. GENIUS Act allows third-party platforms to offer yield on stablecoins, raising concerns about deposit outflows from community banks and prompting calls for legislative clarification to protect traditional finance.
5.
SEC Commissioner Hester Peirce reiterated that a token's security status depends on its sale structure, not the asset itself, following the Ripple case, which is expected to influence future U.S. digital asset regulations.
Trending Tokens
1.
Maxi Doge (MAXIDOGE): Maxi Doge surged over 40% in 24 hours, driven by strong retail inflows and renewed meme coin momentum, with trading volume exceeding $120 million after new exchange listings.
3.
Ozak AI (OZ): Ozak AI gained 32% in the last 24 hours, propelled by its Phase-7 presale raising $4.5 million and investor interest in AI-DePIN integration, with staking and governance features attracting new holders.
Smart Money Movements
1.
A newly created wallet received 21,537 ETH, worth $60.04 million, from FalconX, with the transaction reported on November 23. The recipient is suspected to be Bitmine or SharpLink, but remains unconfirmed.
2.
Jump Crypto transferred 503.25 BTC, valued at approximately $25.71 million, to an anonymous address on November 22, as tracked by Arkham data.
4.
Over 1.2 million SOL, valued at $156.1 million, was transferred from an unknown wallet to Coinbase Institutional, highlighting ongoing institutional positioning in Solana.
Events to Watch
Nov 24 (Mon)
Izakaya Airdrop Round 2 ends, distributing 42,000 IZKY tokens; event concludes at 08:00 UTC, may impact token liquidity.
Nov 25 (Tue)
Humanity Protocol unlocks 62.5M H tokens (~$15.32M, 2.92% supply); XPL unlocks 88.89M tokens (4.9% supply); both may trigger price volatility.
Nov 26 (Wed)
US Q3 GDP data released by BEA; Australian CPI data for October published; RBNZ announces interest rate decision; UK Autumn Budget presented.
Nov 27 (Thu)
YOM (YOM) IDO launches on TrustSwap, aiming to raise $100,000; event runs through November 28, attracting DeFi investors.
Nov 28 (Fri)
Canada Q3 GDP data released, expected to show 0.5% annualized growth after prior decline; may influence CAD and crypto markets.
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