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Bitget Daily Morning Briefing (Nov 3) | Dash: This month's strong price performance attributed to strengthened fundamentals; Total open interest in ZK contracts surpasses $100 million, hitting a new all-time high; Bitcoin production cost rises to $112,084, approaching record levels

Bitget Daily Morning Briefing (Nov 3) | Dash: This month's strong price performance attributed to strengthened fundamentals; Total open interest in ZK contracts surpasses $100 million, hitting a new all-time high; Bitcoin production cost rises to $112,084, approaching record levels

Bitget2025/11/03 02:50
By:Bitget

Today’s Preview

  1. The Finternet 2025 Asia Digital Finance Summit will be held at the Grand Hyatt Hong Kong on November 4, 2025, focusing on topics such as digital asset regulation, cross-border payments, and other Web3 themes.
  2. KITE Foundation airdrop eligibility checker is now live; claiming starts at 8:00 PM on November 3, 2025.
  3. Hong Kong FinTech Week 2025 is underway from November 3 to November 7, 2025, featuring hot topics including Web3, blockchain, and digital assets.

Macro & Headlines

  1. Michael Saylor has released another Tracker update. Bitcoin holdings data may be disclosed next week.
  2. Ethereum L2 project ZKsync (ZK) surged 75.2% over the past 24 hours, now trading at $0.051, with public support from Vitalik Buterin.
  3. The production cost of Bitcoin has risen to $112,084, approaching an all-time high. Mining companies face increasing pressure from sales and administrative costs.
  4. Eigen Foundation clarified that recent EIGEN token treasury transfers are solely for ecosystem growth and operational purposes, not team unlocks or sales.

Market Performance

  1. BTC breaks above $111,000, hitting a new November high; ETH remains stable at $3,890. Short-term caution advised: liquidations over the past 4 hours reached $31.43 million, mainly on long positions.

2.The three major US stock indices closed higher: Nasdaq up 0.61%; the Dow Jones and S&P 500 also closed in the green.

Bitget Daily Morning Briefing (Nov 3) | Dash: This month's strong price performance attributed to strengthened fundamentals; Total open interest in ZK contracts surpasses $100 million, hitting a new all-time high; Bitcoin production cost rises to $112,084, approaching record levels image 03.Bitget liquidation map shows BTC/USDT trading at $109,508, with dense liquidation zones nearby. Be alert for sharp short-term moves and potential cascading liquidations.

Bitget Daily Morning Briefing (Nov 3) | Dash: This month's strong price performance attributed to strengthened fundamentals; Total open interest in ZK contracts surpasses $100 million, hitting a new all-time high; Bitcoin production cost rises to $112,084, approaching record levels image 1

4.Over the past 24 hours, spot BTC inflows totaled $288 million, outflows $371 million, resulting in a net outflow of $83 million.

Bitget Daily Morning Briefing (Nov 3) | Dash: This month's strong price performance attributed to strengthened fundamentals; Total open interest in ZK contracts surpasses $100 million, hitting a new all-time high; Bitcoin production cost rises to $112,084, approaching record levels image 2

5.Contract trading for BTC, ETH, USDT, XRP, BNB, etc., saw net outflows in the past 24 hours, indicating potential trading opportunities.Bitget Daily Morning Briefing (Nov 3) | Dash: This month's strong price performance attributed to strengthened fundamentals; Total open interest in ZK contracts surpasses $100 million, hitting a new all-time high; Bitcoin production cost rises to $112,084, approaching record levels image 3

News Updates

  1. Bank Negara Malaysia has unveiled a three-year asset tokenization roadmap, piloting digital asset projects through its innovation center.
  2. Deloitte China launched the "Hong Kong LEAP" strategy, planning to invest HK$500 million over four years to boost fintech innovation in Hong Kong.
  3. Dash: Price performance this month attributed to strengthened fundamentals.
  4. California regulators fined crypto ATM operator Coinhub $675,000, including $105,000 in consumer compensation.

Project Developments

  1. Bitwise submitted an amended S-1 for a spot XRP ETF, aiming for listing on the NYSE with a 0.34% management fee.
  2. The Sonic mainnet will launch on November 3, enhancing Pectra compatibility.
  3. Bitget and Fasanara Capital partner to explore new models for digital asset liquidity provision.
  4. Monad airdrop claim period enters its final day (November 3).
  5. Bitget launches the 25th On-Chain Challenge, offering 120,000 BGB as airdrop rewards.
  6. LivLive completed pre-sale funding of over $2.05 million and launched the SPOOKY40 rewards program.
  7. ZKsync completed the ZK-Stack upgrade, improving ecosystem throughput and flexibility.
  8. Data: ENA, MEME, BB and other tokens face major unlock events, with ENA unlocking roughly $67.1 million in value.
  9. Optimism mainnet has passed a new governance proposal; key mainnet upgrades are expected this month.
  10. Mantle Network announced the next phase of ecosystem incentive details; BNB Chain projects are eligible to apply.

Disclaimer: This report is generated by AI and only manually fact-checked for information accuracy. It does not constitute any investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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