Encryption Morning Report: Grayscale Dogecoin ETF approved, this week HYPE, XPL, JUP and other Tokens will see large unlocks.

#dogecoin news

DeepFlowTech

2025-11-24 01:15:23

Author: Deep Tide TechFlow

Market dynamics yesterday

Fed's Collins: Still believes there is reason to be cautious about a rate cut in December.

According to Jin Shi data reports, Federal Reserve's Collins stated that given the ongoing risks to the dual goals of inflation and employment, she still tends to oppose the Federal Reserve lowering interest rates next month. During a meeting, Collins said: “I really believe we need to be cautious about lowering rates at the December FOMC meeting. After a cumulative rate cut of 50 basis points in September and October, I personally think that the current policy is in a moderately tight range, which is appropriate for the current economic situation.”

U.S. Treasury Secretary Basent: The entire economy is not facing the risk of recession.

U.S. Treasury Secretary Basant: Interest rate-sensitive sectors are in a recession, but there is confidence in the growth prospects for these sectors in 2026. The entire economy does not face recession risks.

The US SEC will hold a roundtable on cryptocurrency privacy issues on December 15.

According to Cryptopolitan, the U.S. Securities and Exchange Commission ( SEC )'s special cryptocurrency working group has announced that it will hold a roundtable on December 15 to specifically discuss the increasingly prominent issues of privacy and financial surveillance in the cryptocurrency ecosystem. The meeting will invite leaders from the crypto industry to discuss the challenges facing the industry and potential solutions with SEC officials.

The background of this conference is the recent widespread attention on privacy issues in the cryptocurrency industry, including the partial guilty verdict against Tornado Cash developer Roman Storm, the sentencing of Samourai Wallet developers, and the significant increase in the prices of privacy coins over the past two months.

It is worth noting that Matthew Galeotti, the Acting Assistant Attorney General of the Criminal Division of the U.S. Department of Justice, issued a statement in August indicating that the practice of prosecuting developers solely for writing open-source code will be halted, emphasizing that writing code itself does not constitute a crime in the absence of malicious intent.

Bloomberg ETF analyst: Grayscale Dogecoin ETF approved, expected to start trading on NYSE on Monday.

Bloomberg ETF analyst Eric Balchunas posted on social media that Grayscale's Dogecoin ETF (GDOG) has been approved for listing on the NYSE and is expected to start trading on Monday; its XRP spot ETF is also expected to go live on the same day, and GLNK is expected to launch next week.

PancakeSwap: Upcoming positive news

PancakeSwap announced on social media, “Good news coming soon.”

Aster: Due to an error in the gold price data source, the market price of XAUUSDT has deviated, and affected users will be fully compensated.

According to Aster, the platform experienced a deviation in the XAUUSDT market price from the true price due to an error in the gold price data source during the period of 22:00-23:00 UTC.

This indicates that it is a global error affecting multiple platforms, including Aster DEX, as well as price data websites such as goldprice.org. The market has now returned to normal. All affected users will be fully compensated, and specific compensation details will be announced after confirmation.

Cardano blockchain experiences a temporary chain split

According to Cointelegraph, the Cardano blockchain network experienced a temporary chain split on Friday due to a “malformed” delegation transaction that triggered an old code vulnerability in the underlying software library. According to the Cardano ecosystem organization Intersect, the incident caused network nodes to diverge while processing transactions. Staking pool operator Homer J admitted to pushing the transaction using AI-generated code, sparking controversy in the community. Cardano founder Charles Hoskinson called it an attack on the network and stated that the FBI has intervened in the investigation.

BitMine Financial Report: Annual net income reached 328 million USD, and will distribute an annual dividend of 0.01 USD per share.

According to PRNewswire, BitMine Immersion Technologies (NYSE AMERICAN: BMNR) announced its fiscal year 2025 performance, with a total net revenue of $328 million and a fully diluted earnings per share of $13.39.

The company announced an annual dividend of $0.01 per share, becoming the first large cryptocurrency company to announce an annual dividend. The dividend announcement date is November 21, the ex-dividend date is December 5, the record date is December 8, and the payment date is December 29.

BitMine plans to launch the “Made in America Validator Network,” with this staking feature expected to officially go live in the first quarter of 2026. Bitmine will hold its annual shareholder meeting on January 15, 2026, at the Wynn Hotel in Las Vegas.

Michael Saylor responds to 'may be excluded by MSCI': Index classification cannot define Strategy

Michael Saylor, the founder and executive chairman of Strategy, responded to the MSCI index exclusion risk issue in a social media post. He stated that Strategy, as a publicly listed operating company, is fundamentally different from funds, trusts, and holding companies. Strategy not only has a software business worth $500 million but also uniquely uses Bitcoin as productive capital in its financial management. Index classification cannot define Strategy. The company's long-term strategy is clear, with a strong belief in Bitcoin, and its mission has always been to become the world's first digital currency institution based on sound money and financial innovation.

Michael Saylor posted that he “will not yield” or suggested that he will continue to increase his holdings in Bitcoin.

Michael Saylor, the founder and executive chairman of Strategy (formerly MicroStrategy), posted on the X platform “I will not yield,” suggesting he will continue to increase his Bitcoin holdings, but has not yet released any information on the Bitcoin Tracker.

This week, tokens such as HYPE, SUI, and XPL will see a large amount of token unlocking, with a total value exceeding 400 million dollars.

Token Unlocks data shows that this week, tokens such as HYPE, XPL, and JUP will experience significant token unlocks, with a total value exceeding 300 million dollars. Among them:

HYPE will unlock 9.92 million tokens on November 29, worth approximately $315.05 million, accounting for 2.66% of the circulating supply;

XPL will unlock 88.89 million tokens on November 25, worth approximately 17.3 million USD, accounting for 4.74% of the circulating supply;

JUP will unlock 53.47 million tokens on November 28, worth approximately $12.6 million, accounting for 1.69% of the circulating supply.

Market Dynamics