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Bitget Daily Digest (Nov 26) | Kevin Hassett Emerges as Top Candidate for SEC Chair; Ethereum ETFs Record ~$104M Net Inflow in a Single Day; Texas Launches Bitcoin Reserve Program with First $5M IBIT Purchase

Bitget Daily Digest (Nov 26) | Kevin Hassett Emerges as Top Candidate for SEC Chair; Ethereum ETFs Record ~$104M Net Inflow in a Single Day; Texas Launches Bitcoin Reserve Program with First $5M IBIT Purchase

Bitget2025/11/26 02:04

By:Bitget

Today’s Outlook

1、The acting CFTC Chair is recruiting a CEO for the Innovation Committee amid expanded crypto oversight.、

2、SharpLink generated 443 ETH in staking rewards last week, bringing the cumulative total to 7,846 ETH.

3、Yesterday, Bitcoin ETFs saw a net inflow of 807 BTC (~$70.22M); Ethereum ETFs saw a net inflow of 35,725 ETH (~$104M); Solana ETFs recorded a net inflow of 374,028 SOL (~$50.87M).

Macro & Hot Topics

1、Matrixport noted yesterday that Bitcoin’s recent rebound is a short-term opportunity driven by sentiment recovery, not a signal of a new bull market.

2、The SEC Investor Advisory Committee will hold an online meeting on December 4 to discuss corporate governance and stock tokenization.

3、Jin10: Sources indicate that as the selection for the next Federal Reserve Chair enters its final weeks, White House NEC Director Kevin Hassett is viewed by Trump’s advisors and allies as the leading candidate.

Market Performance

1、Over the past 24 hours, total crypto derivatives liquidations reached $301M, including $154M in long liquidations and $146M in short liquidations. BTC liquidation totaled $94M, and ETH liquidation totaled $63M.

2、U.S. equities: Dow +1.43%, S&P 500 +0.91%, Nasdaq Composite +0.67%.

Bitget Daily Digest (Nov 26) | Kevin Hassett Emerges as Top Candidate for SEC Chair; Ethereum ETFs Record ~$104M Net Inflow in a Single Day; Texas Launches Bitcoin Reserve Program with First $5M IBIT Purchase image 0

3、Bitget’s BTC/USDT liquidation map shows: the current price of 87,973 is in the core “long squeeze zone.” A massive cluster of 50x–100x long positions lies above 88,200–91,000; breaking above 91k could trigger a long liquidation cascade to 95k+. Downside short-liquidation support is extremely thin—falling below 86k would face almost no strong support. The market is heavily skewed long, with high fake-breakout hunting risk.

4、In the past 24 hours, BTC spot inflows totaled $162M and outflows $134M, resulting in a net inflow of $28M.

News Updates

1、New York Post: San Francisco police and sources revealed that a tech investor who previously dated OpenAI CEO Sam Altman was robbed at gunpoint on Nov. 22, losing $11M in crypto assets.

2、Fortune: Paxos has acquired DeFi wallet company Fordefi for over $100M.

3、The UAE’s new financial law brings DeFi and Web3 under regulatory oversight.

Project Developments

1、Plasma (XPL) completed a token unlock of ~88.89M tokens (0.89% of total supply), worth about $18.1M, yesterday at 21:00 (UTC+8).

2、Jupiter (JUP) will unlock ~53.47M tokens (0.76% of total supply), worth about $12.5M, on November 28 at 12:00.

3、Ethena’s synthetic stablecoin USDe TVL has dropped from $14.8B in October to $7.6B, a decline of over 50%.

4、Analyst @ai_9684xtpa: An ancient whale allegedly sold 20,000 ETH after eight months of inactivity, worth $58.14M.

5、Multicoin Capital has purchased another 60,000 AAVE worth $10.68M. Recently, they have accumulated 338,000 AAVE at an average of $219, currently holding an unrealized loss of $13.5M.

6、U.S. Bank—the fifth-largest bank in the U.S.—is testing its internally developed stablecoin on the Stellar network.

7、Texas has launched a Bitcoin reserve program, with its first $5M purchase of BlackRock’s IBIT.

8、Polymarket announced that it has received CFTC approval to re-enter the U.S. market.

9、The MegaETH pre-deposit event failed due to technical issues, and the plan to expand fundraising to $1B has been abandoned.

10、Metaplanet Inc. executed a $130M loan on Nov. 21 under its credit agreement disclosed on Oct. 28, using its Bitcoin holdings as collateral.

Disclaimer: This report is AI-generated. Human reviewers only verify information. This does not constitute investment advice.

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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