Cryptocurrencies, AI, and passive investment funds in US stocks have formed a highly interconnected chain. The collapse of BTC not only severely impacted crypto assets but also put direct liquidity pressure on stock portfolios through the transmission chain of ETFs and related listed companies.

According to BlockBeats, New Zealand's Education Minister Erica Stanford has announced that starting in 2026, a mandatory financial literacy course will be integrated into the national curriculum for students in grades 1 through 10, with full implementation planned for 2027. The curriculum aims to equip the next generation with comprehensive financial awareness in the digital economy, covering topics such as modern payment systems, digital assets, and market indicators like token prices. The program will progressively develop students' financial skills. Students in grades 1 to 5 will learn the basics of earning, spending, and saving money, along with managing bank accounts. Those in grades 6 to 10 will delve into more complex subjects, including investment, interest, taxes, and insurance. The New Zealand Ministry of Education will collaborate with the Retirement Commission and other financial education organizations to provide necessary educational support. Reports indicate that the modern financial literacy education will also encompass digital assets and blockchain technology, as these are reshaping the global payment landscape.

According to BlockBeats, the New York Stock Exchange (NYSE Arca) has approved the listing of Grayscale's DOGE and XRP spot ETFs. Trading is set to commence this Monday. The Grayscale DOGE spot ETF will trade under the ticker GDOG, while the Grayscale XRP spot ETF will use the ticker GXRP.

According to Coingecko's monitoring, over the next 7 days, HYPE, XPL, JUP, KMNO, OP, ZORA, H, and SAHARA will each undergo a single large-scale token unlock, with unlock amounts exceeding $5 million. Simultaneously, SOL, Trump, WLD, DOGE, ASTER, AVAX, TAO, ZEC, and ETHFI will undergo linear large-scale token unlocks (daily unlock amounts exceeding $1 million), with the total value of unlocked tokens expected to exceed $566 million.

In a report released Friday, Greg Cipolaro, head of research at NYDIG, stated that key drivers that previously propelled Bitcoin's price to its peak—exchange-traded fund (ETF) inflows and demand for digital asset treasury (DAT) assets—are now causing prices to plummet to multi-month lows. Cipolaro said a major liquidation event in early October, which reversed ETF inflows, caused a collapse in treasury premiums, and led to a decline in stablecoin supply, indicates that liquidity is leaving the system—a "classic sign" that "the cycle is losing momentum." He noted that once this cycle breaks, the market tends to follow a predictable sequence: liquidity tightens, leverage struggles to gain momentum, and the narratives that previously supported the market no longer translate into actual fund flows. He mentioned that spot Bitcoin ETFs have transformed from a reliable engine of fund inflows into "significant resistance." During cyclical corrections, Bitcoin dominance often surges as speculative assets are liquidated more aggressively, and capital consolidates back into the most mature and liquid assets in the ecosystem. Data shows that Bitcoin dominance rose above 60% in early November and stabilized at around 58% as of Monday. Cipolaro stated that the supply of DAT and stablecoins has declined for the first time in months, indicating that investors appear to be withdrawing liquidity. However, he emphasized that even if the market decline deepens, the DAT sector still has a long way to go before a real stress reaction, and currently "leverage remains moderate and interest obligations are manageable." Despite the recent pullback, Cipolaro believes that "Bitcoin's long-term story remains unchanged" because it continues to attract institutional attention, sovereign interest is slowly building, and its role as a neutral, programmable money asset remains. He added that everything that has happened in the past few weeks has not changed its long-term trend, but cyclical factors driven by fund flows, leverage, and reflexive behavior are now playing a more powerful role. (Cointelegraph)

NYSE Arca has greenlit the launch of Grayscale’s exchange-traded funds tied to Dogecoin and XRP, with the products set to go live for trading on Monday. source: https://cointelegraph.com/news/nyse-approves-grayscale-doge-xrp-etfs-clearing-launch-monday?utm_source=rss_feed&utm_medium=rss%3F_rnd%3Dzt4422%26_dc%3D1763952993861%26_refresh%3Dzt4422&utm_campaign=rss_partner_inbound

According to Lookonchain monitoring, a whale (0x7fe8...7ac6) that profited over $25.7 million has turned bullish after making $457,000 in profits through two short HYPE trades. This whale has currently bought 207,000 HYPE tokens in the spot market, worth $6.9 million, and has placed buy orders for another 127,000 HYPE tokens in the $28.04 to $31.475 range, worth $3.75 million.

null source: https://x.com/lookonchain/status/1992785373106500024

Exchange-traded fund inflows and crypto treasury demand were key to Bitcoin’s all-time high, but they’re now causing its decline, says NYDIG’s Greg Cipolaro. source: https://cointelegraph.com/news/bitcoin-demand-engines-reverse-long-term-intact-nydig?utm_source=rss_feed&utm_medium=rss%3Fcb%3Dvjfd2x%26rand%3Dx3dkn_1763951790380%26_q%3D1763951790380%26_dc%3D1763951790380&utm_campaign=rss_partner_inbound

Port3 Network announced on the X platform that it will launch a token migration plan to ensure ecosystem stability and protect user assets. The main points are as follows: 1. A snapshot was completed after the attack (UTC time 20:56), and all tokens will be migrated at a 1:1 ratio, ensuring no loss to users. The migration will also take place on a centralized exchange (CEX). 2. Tokens will be distributed to affected users through multiple on-chain distributions. 3. The new token contract will be deployed only on the BNB Chain. 4. 162.75 million team tokens will be burned to offset unauthorized tokens minted during the attack, ensuring the total supply remains unchanged. The network is currently communicating with exchanges to review the new token contract, and the reopening time for deposits, withdrawals, and trading will be announced after confirmation.

null source: https://x.com/lookonchain/status/1992781662477025344

DAT will face a high barrier to entry: most DAT will trade at a discount, and only a few outstanding companies will trade at a premium.

The recent market correction is not due to a single factor, but rather a result of a combination of factors, including technical cycle topping signals, tightening macro liquidity, institutional profit-taking, and community disagreements.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2888, providing you with the latest and fastest news on the digital currency and blockchain industry.

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Market Trends, Crypto Market, Investment, Liquidity Singularity: How the $2 Billion Bitcoin Chain Liquidation Reveals the Mathematical End of Free-Market Capitalism (Golden Finance) - The liquidity singularity is not imminent; it has already arrived.

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Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market and contract data, mining information, project updates, technological advancements, and other industry dynamics.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2887, providing you with the latest and fastest news on the digital currency and blockchain industry.