According to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $1.22 billion last week (November 3rd to November 7th, Eastern Time). The Bitcoin spot ETF with the largest net inflow last week was the Grayscale Bitcoin Mini Trust ETF (BTC), with a weekly net inflow of $21.61 million, bringing its historical total net inflow to $1.97 billion. This was followed by the Bitwise ETF (BITB), with a weekly net inflow of $4.69 million, bringing its historical total net inflow to $2.32 billion. The Bitcoin spot ETF with the largest net outflow last week was BlackRock ETF IBIT, with a weekly net outflow of $581 million. IBIT's historical total net inflow has reached $64.32 billion. This was followed by Fidelity ETF FBTC, with a weekly net outflow of $438 million. FBTC's historical total net inflow has reached $12 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $138.08 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.67%. Historical cumulative net inflows have reached $59.97 billion.

Derivatives Monke posted on the X platform that they have processed approximately 35% of ETH withdrawal requests from ZKasino bridge users, involving about 2,500 addresses. Users can check their ETH balance on zkSync Lite or zkSync Era. Due to high Ethereum gas fees, withdrawals are processed through these networks. They plan to process another 40% of the requests next week, bringing the total to 75%. Large withdrawals will require KYC and other procedures.

Despite being the President of one of the world's most powerful countries in the world, Trump has found himself burnt by the Bitcoin volatility after the price of Bitcoin took a nosedive over the weekend.

Bitget is launching a Double 11 VIP exclusive event, open to users in Chinese-speaking regions. During the event, existing VIP users can enjoy 15 days of Bitget VIP 6 preferential rates simply by filling out a form, with Maker rates as low as 0.008% and Taker rates as low as 0.03%. Regular users and existing VIPs who register and upgrade to VIP+1 level through contract trading volume will receive a reward of 350 or 700 USDT in trial funds. The event runs from 11:00 AM on November 10th to 11:59 PM on November 16th (UTC+8). Additionally, from 12:00 AM on November 11th to 11:59 PM on November 12th (UTC+8), all official VIPs can enjoy flash sale privileges. After registration, users who achieve a contract trading volume of 1000 USDT will be guaranteed to receive 10-1111 USDT in contract trial funds. Detailed rules have been published on the Bitget official platform. Users can participate in the event by clicking the "Join Now" button to complete the registration.

Bybit announced on its X platform that it has now opened CC token deposits via Canton Network. At the same time, Bybit launched an event with a total prize pool of 18 million CC tokens.

US Congress, Trump, inflation, data, several related questions about the reopening of the US government. Golden Finance reports new developments in the US government shutdown early this morning, updating 4 related questions.

Trump Media’s first earnings report after starting its Bitcoin buys shows it scooped up $1. 3 billion, with the company saying it plans to buy more. source: https://cointelegraph.com/news/trump-media-q3-loss-bitcoin-holdings-crypto-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

U. S. Senate nears crucial vote to end government shutdown, impacting markets and cryptocurrencies. source: https://coincu.com/news/senate-struggles-end-shutdown/

According to Cointelegraph, U.S. Federal Reserve Governor Stephen Miran, appointed by U.S. President Donald Trump, highlighted the potential impact of stablecoins on interest rates during the BCVC summit in New York. Miran suggested that the increasing demand for U.S. dollar-pegged crypto tokens could exert downward pressure on the neutral rate, or r-star, which neither stimulates nor impedes economic activity. A decrease in the neutral rate could prompt the central bank to lower its interest rates accordingly. The current market capitalization of stablecoins stands at $310.7 million, as reported by CoinGecko. Miran indicated that Federal Reserve research projects this market could expand to $3 trillion within the next five years. He emphasized that stablecoins are already boosting demand for U.S. Treasury bills and other dollar-denominated liquid assets, particularly from international purchasers, and this trend is expected to continue. Miran described stablecoins as a potential multitrillion-dollar factor for central bankers to consider. Concerns have been raised by organizations such as the International Monetary Fund, which warns that stablecoins could pose a threat to traditional financial assets and services by competing for customers. U.S. banking groups have also called on Congress to enhance oversight of stablecoins with yield, arguing that they might attract potential bank users away from traditional banking services. In his address, Miran commended the GENIUS Act for establishing clear guidelines and consumer protections, which he believes will be crucial for the broader adoption of stablecoins. Despite his usual skepticism towards new regulations, Miran expressed optimism about the GENIUS Act, noting that it provides a framework for legitimacy and accountability similar to that of traditional dollar assets. He highlighted that the Act mandates U.S.-based issuers to maintain reserves backed on at least a one-to-one basis in safe and liquid U.S. dollar-denominated assets, which is vital for monetary policy.

In late October, the x402 protocol garnered significant attention, with related tokens surging and the number and volume of transactions made through the x402 protocol reaching record highs. However, this two-week-long AI narrative is now receding, with daily transaction volume plummeting by 90% from its peak. According to x402scan data, the x402 ecosystem's daily transaction volume peaked on November 3rd at $2.8407 million, after which it continued to decline, reaching only $283,600 on November 9th. Simultaneously, the number of new websites/servers supporting payments via the x402 protocol has also declined, from over 10,000 new daily transactions at its peak to less than 2,000 new daily transactions after November.

프라이버시 중심 암호화폐인 모네로(XMR)는 지난주 20% 상승하며 11월 3일 352달러에서 433달러로 일시적 고점을 기록했습니다. XMR이 420달러 이상을 유지한 이번 상승은 이달 초 지캐시의 폭발적 상승 이후 발생했습니다. 이는 프라이버시 지향 디지털 자산에 대한 거래자들의 관심 전환을 암시합니다. 네트워크 업그레이드와 검열 저항 거래에 대한 관심이 기술적 돌파와 맞물려 있는 상황입니다 source: https://kr.beincrypto.com/monero-surges-20-as-privacy-coin-rotation-intensifies/

ارتفعت العملة الرقمية المهتمة بالخصوصية مونيرو (XMR) بحوالي 20% خلال الأسبوع الماضي، من سعر $352 في 3 نوفمبر إلى أعلى مستوى مؤقت عند $433. تأتي الزيادة التي أبقت XMR فوق $420 بعد المكاسب الهائلة لزيكاش في بداية هذا الشهر وتشير إلى تحول محتمل في اهتمام المتداولين نحو الأصول الرقمية التي تركز على الخصوصية. وحدث هذا التحرك عندما تزامنت الاختراقات الفنية مع ترقيات الشبكة وتجدد الاهتمام بالتعاملات المقاومة للرقابة. تدوير الأرباح من زد كاش يحفّز ضغطًا شرائيًا بعد ارتفاع زيكاش بنسبة 200% في أوائل نوفمبر، بدأ المتداولون في تحويل الأرباح إلى عملات الخصوصية الأخرى، مع بروز مونيرو كمستفيد رئيسي source: https://ar.beincrypto.com/monero-surges-20-as-privacy-coin-rotation-intensifies/

At a sensitive time when the U.S. tariff policy is facing a Supreme Court challenge on its legality, Trump announced plans to pay a $2,000 "dividend" to "every American" from tariff revenue, except for high-income earners.

The current situation facing the US authorities reveals the fragility of its system. Political gridlock should not, in any case, sacrifice the timeliness and transparency of economic data. Looking ahead, ending the government shutdown and resolving tariff uncertainty will be crucial.

Data-driven models reveal where the next Bitcoin bear market may bottom out—hint: the bottom may be higher than you think.

The story of stablecoins is evolving and could lead to two very different financial outcomes: the most enthusiastic users (emerging markets) could further undermine the economic infrastructure they are trying to protect their wealth, while further strengthening businesses in developed markets.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse 8 AM," issue 2873, providing you with the latest and fastest news on the digital currency and blockchain industry.

Trump, the United States, the President of the United States, Trump's power seems to be waning - what will happen next? Golden Finance, "Trump is no longer the only 'Trump-like' figure."

As the Ethereum ecosystem grows in size and complexity, the methods of support must also evolve accordingly. Therefore, EF began to consider how to strategically and proactively plan resource allocation while continuing to support public goods.

Stream, DeFi, Lending: One Protocol Collapses – Three Major Lending Platforms "Trapped" (Jinse Finance) Stream's collapse affects multiple platforms.