News

7:00-12:00 Keywords: Pump.fun, Metaplanet, Cantor Fitzgerald, MSTR 1. Tokens such as SUI, OP, and IMX will undergo significant unlocks this week; 2. The total market value of stablecoins has surpassed $190 billion, with a 7-day increase of 4.14%; 3. Pump.fun has surpassed Tether for the first time, becoming the highest revenue protocol in 24 hours; 4. JPMorgan: The U.S. Government Efficiency Office may face obstacles in advancing federal reforms; 5. Metaplanet announced a final agreement with Bitcoin Magazine Japan; 6. Cantor Fitzgerald is seeking Tether's support for a multi-billion dollar lending plan; 7. CryptoQuant CEO: The premium on MSTR's Bitcoin holdings in the U.S. stock market has returned to levels seen during the 2021 bull market; 8. The U.S. SEC obtained a record $8.2 billion from enforcement in the 2024 fiscal year, with most of it coming from Terraform Labs.

According to SoSoValue data, during the trading days last week (Eastern Time November 18th to November 2nd), Bitcoin spot ETFs had a net inflow of $33.8 billion for the week. Among them, Grayscale's ETF GBTC had a weekly net outflow of $52.85 million, and currently GBTC has a historical net outflow of $20.33 billion. The Bitcoin spot ETF with the highest weekly net inflow last week was BlackRock's ETF IBIT, with a weekly net inflow of $20.5 billion, and currently IBIT has reached a total historical net inflow of $313.3 billion. This is followed by Fidelity's ETF FBTC, which had a weekly net inflow of $7.73 billion and currently FBTC has reached a total historical net inflow of $115.4 billion. As it stands now, the total asset value for Bitcoin spot ETFs is at about $1074.88 billion; The ratio between their assets' worth compared to bitcoin’s overall market cap (ETF Net Asset Ratio) is at 5.48%, while its cumulative historic influx stands at around USD$30843 Billion.