Decred, Aster, and Sky Lead Crypto Gains as BTC and ETH Hold Steady

I. Crypto Market Overview

Key Takeaways

Macro Environment

India's October CPI fell to a decade low of 0.25%, supporting easier monetary policy and crypto liquidity. The US October CPI release is delayed by the government shutdown, heightening market uncertainty and volatility. South Korea is fast-tracking stablecoin oversight, aiming for global standards and impacting stablecoin flows.

Crypto Market

The crypto market showed mixed performance over the past 12 hours. Bitcoin (BTC) rose 0.36% to $104,817, while Ethereum (ETH) gained 0.82% to $3,569, both supported by strong ETF inflows and institutional accumulation. Decred (DCR) led altcoins, surging 19.6% to $36.85, followed by ASTER (ASTER) up 12.0% to $1.19 and SKY (SKY) up 11.5% to $0.0594, driven by governance upgrades, ecosystem expansion, and rebranding events.

Today's Outlook

Key events today include the US Overnight Bank Funding Rate data release and the US 10-Year Treasury Note auction, both critical for global liquidity and crypto market sentiment. The Allora mainnet launches, introducing a decentralized intelligence network and ALLO token, while the Singapore FinTech Festival gathers over 65,000 global fintech leaders.

Fear and Greed Index

66.00% Annual Percentile

31 Fear

Total Crypto Market Cap

$3.54T

0.57%

Total Market Trading Volume

$153.00B

17.92%

Altcoin Season Index

27.27%

Quarterly Percentile

26 / 100

Total Futures Market Open Interest

4.48B

37.69%

Futures

864.35B

4.52%

Perpetuals

II. Industry Updates

Macro-economic Policies

India's October CPI inflation dropped to a decade low of 0.25%, driven by falling food prices and GST cuts, signaling potential for more accommodative monetary policy and supporting crypto market liquidity.

The US October CPI release is delayed due to the ongoing government shutdown, increasing market uncertainty and volatility for Bitcoin and DeFi assets as traders lack key inflation data for risk assessment.

Numerator will launch a new US inflation index on November 13, providing real-time consumer price data that could influence market sentiment and crypto asset volatility depending on inflation trends.

South Korea is accelerating stablecoin oversight, aiming to align with international standards and ensure financial stability, which may impact stablecoin flows and liquidity in the broader crypto ecosystem.

Japan's launch of a yen-backed stablecoin tied to government bonds is expected to boost digital asset adoption and bond market liquidity, potentially increasing institutional participation in crypto-linked products.

Cryptocurrency Regulatory Trends

The US Senate Agriculture Committee released a bipartisan draft bill to clarify crypto market structure, proposing to shift oversight of digital commodities to the CFTC and enhance inter-agency coordination, boosting investor confidence and regulatory clarity.

Andreessen Horowitz (a16z) urged the US Treasury to adopt privacy-preserving digital identity solutions and clarify stablecoin rules under the GENIUS Act, supporting innovation and compliance in the digital asset sector.

Coinbase announced the relocation of its corporate headquarters from Delaware to Texas, citing Texas's favorable regulatory environment for digital assets, which may encourage other crypto firms to follow suit.

The US cryptocurrency market cap surged to $380 billion, driven by increased stablecoin activity and ETF inflows, as clearer regulatory signals improve investor sentiment and market participation.

Sui launched its native stablecoin USDsui in partnership with Bridge, aligning with GENIUS Act compliance requirements and supporting cross-border payments, signaling regulatory-driven growth in stablecoin adoption.

Decred (DCR): Decred surged 19.2% in 24h to $36.76, with $36.2M volume. The rally is driven by strong community governance, hybrid PoW/PoS upgrades, and increased Latin America adoption.

ASTER (ASTER): ASTER rose 11.6% in 24h to $1.18, with $927.9M volume. Growth is fueled by new APX-to-ASTER conversion, multi-chain DEX expansion, and high capital efficiency features.

SKY (SKY): SKY climbed 11.5% in 24h to $0.0594, with $53.5M volume. The price jump follows the Maker (MKR) rebrand to Sky, Smart Burn Engine launch, and new governance incentives.

Smart Money Movements

A major Ethereum whale purchased 30,548 ETH worth $105.36 million within the past hour, bringing total accumulation since November 4 to 385,718 ETH ($1.33 billion), with $270 million borrowed from AAVE.

A new whale wallet received 24,007 ETH valued at $82.04 million from Galaxy Digital, suspected to be linked to Bitmine, highlighting ongoing large-scale institutional accumulation.

A whale increased Ethereum holdings to 355,164 ETH ($1.21 billion) after withdrawing an additional 28,262 ETH ($98.59 million) from Binance, signaling continued large-scale accumulation.

BitMine Immersion Technologies acquired 18,271 ETH for $64.59 million from Kraken, reinforcing its strategy to build the world’s largest Ethereum treasury.

A whale known as "gud.hl" deposited $4.48 million USDC on HyperLiquid and opened a Bitcoin long position with 12x leverage, indicating a significant bullish bet on BTC.

Events to Watch

Nov 12 (Wed)

US Overnight Bank Funding Rate data release; US 10-Year Treasury Note auction; Eurogroup meetings may impact Eurozone policy and crypto markets.

Nov 12 (Wed)

Allora mainnet launches, introducing decentralized intelligence network and ALLO token; Singapore FinTech Festival opens, gathering 65,000+ global fintech participants.

Nov 13 (Thu)

Immunefi token sale and IPO begin on CoinList at 1:00 AM Beijing time, with $133 million FDV and 100% TGE unlock.

Nov 14 (Fri)

Eurozone Q3 GDP data release; US September Non-Farm Payrolls report and CPI data to be published, key for global markets and crypto volatility.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

India's October CPI inflation dropped to a decade low of 0.25%, driven by falling food prices and GST cuts, signaling potential for more accommodative monetary policy and supporting crypto market liquidity.

The US October CPI release is delayed due to the ongoing government shutdown, increasing market uncertainty and volatility for Bitcoin and DeFi assets as traders lack key inflation data for risk assessment.

Numerator will launch a new US inflation index on November 13, providing real-time consumer price data that could influence market sentiment and crypto asset volatility depending on inflation trends.

South Korea is accelerating stablecoin oversight, aiming to align with international standards and ensure financial stability, which may impact stablecoin flows and liquidity in the broader crypto ecosystem.

Japan's launch of a yen-backed stablecoin tied to government bonds is expected to boost digital asset adoption and bond market liquidity, potentially increasing institutional participation in crypto-linked products.

Cryptocurrency Regulatory Trends

The US Senate Agriculture Committee released a bipartisan draft bill to clarify crypto market structure, proposing to shift oversight of digital commodities to the CFTC and enhance inter-agency coordination, boosting investor confidence and regulatory clarity.

Andreessen Horowitz (a16z) urged the US Treasury to adopt privacy-preserving digital identity solutions and clarify stablecoin rules under the GENIUS Act, supporting innovation and compliance in the digital asset sector.

Coinbase announced the relocation of its corporate headquarters from Delaware to Texas, citing Texas's favorable regulatory environment for digital assets, which may encourage other crypto firms to follow suit.

The US cryptocurrency market cap surged to $380 billion, driven by increased stablecoin activity and ETF inflows, as clearer regulatory signals improve investor sentiment and market participation.

Sui launched its native stablecoin USDsui in partnership with Bridge, aligning with GENIUS Act compliance requirements and supporting cross-border payments, signaling regulatory-driven growth in stablecoin adoption.

Trending Tokens

Decred (DCR): Decred surged 19.2% in 24h to $36.76, with $36.2M volume. The rally is driven by strong community governance, hybrid PoW/PoS upgrades, and increased Latin America adoption.

ASTER (ASTER): ASTER rose 11.6% in 24h to $1.18, with $927.9M volume. Growth is fueled by new APX-to-ASTER conversion, multi-chain DEX expansion, and high capital efficiency features.

SKY (SKY): SKY climbed 11.5% in 24h to $0.0594, with $53.5M volume. The price jump follows the Maker (MKR) rebrand to Sky, Smart Burn Engine launch, and new governance incentives.

Smart Money Movements

A major Ethereum whale purchased 30,548 ETH worth $105.36 million within the past hour, bringing total accumulation since November 4 to 385,718 ETH ($1.33 billion), with $270 million borrowed from AAVE.

A new whale wallet received 24,007 ETH valued at $82.04 million from Galaxy Digital, suspected to be linked to Bitmine, highlighting ongoing large-scale institutional accumulation.

A whale increased Ethereum holdings to 355,164 ETH ($1.21 billion) after withdrawing an additional 28,262 ETH ($98.59 million) from Binance, signaling continued large-scale accumulation.

BitMine Immersion Technologies acquired 18,271 ETH for $64.59 million from Kraken, reinforcing its strategy to build the world’s largest Ethereum treasury.

A whale known as "gud.hl" deposited $4.48 million USDC on HyperLiquid and opened a Bitcoin long position with 12x leverage, indicating a significant bullish bet on BTC.

Events to Watch

Nov 12 (Wed)

Nov 12 (Wed)

Nov 13 (Thu)

Nov 14 (Fri)

III. Phemex Market Focus

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