Bitget Daily Briefing (November 11) | Uniswap proposal activates protocol fee switch and UNI burn; Monad announces token economics, 3% airdrop to the community; Strive increases BTC holdings to 7,525 coins

Today's Outlook

1. A significant governance proposal has emerged in the Uniswap ecosystem, with Uniswap Labs and the foundation proposing to activate the protocol fee switch and implement a UNI burn mechanism on November 10. UNI has risen over 38% in the past 24 hours to $41.66, with a market cap increasing to $7.192 billion.
2. Monad has announced its tokenomics, with a total token supply of 10 billion, of which 7.5% will be sold for a $2.5 billion FDV, and 3% will be airdropped to the community.
3. Solayer (LAYER) will unlock approximately 27.02 million tokens on November 11, 2025, valued at around $6.6 million, accounting for 9.51% of the circulating supply.

Macro & Hot Topics

1. The U.S. Senate has approved a bill to end the government shutdown and has passed it to the House of Representatives.
2. The U.S. Hedera spot ETF has no net inflows; the Litecoin spot ETF saw a net inflow of $2.11 million in a single day.
3. The U.S. Securities Clearing Corporation (DTCC) has listed 5 XRP spot ETF products for clearing, with related products expected to be launched.
4. Nasdaq-listed company Strive announced the purchase of 1,567 bitcoins at an average price of $103,315, increasing its total bitcoin holdings to 7,525.

Market Trends

1. BTC/ETH has seen a slight short-term decline, with the market leaning bearish. The total liquidation amount across the network in the past 24 hours is approximately $318 million, with long positions liquidated totaling $178 million.
2. U.S. stocks closed higher on Monday, with the Dow Jones rising 0.81%, the Nasdaq soaring 2.27%, and the S&P 500 climbing 1.54%.
   
3. The Bitget BTC/USDT liquidation map shows the current price of BTC at $105,992, with high leverage liquidations concentrated in the $104,000-$105,500 range, which could trigger a long squeeze if breached.
   
4. In the past 24 hours, BTC spot inflows totaled $495 million, outflows were $460 million, resulting in a net inflow of $35 million.
   
5. In the past 24 hours, net outflows in contracts for BTC, ETH, USDT, XRP, BNB, and other cryptocurrencies lead the market, indicating potential trading opportunities.
   

News Updates

1. The U.S. Senate Agriculture Committee has released a draft for crypto regulation, proposing to grant the CFTC new powers to regulate digital commodities.
2. ZK Nation: Voting for the ZK token upgrade proposal with permissionless burn functionality will open at midnight on November 14.
3. The U.S. Treasury and IRS have issued new guidelines providing a clear path for staking in crypto ETP products.
4. The Central Bank of Brazil has released new regulations for virtual asset oversight, officially establishing a legal framework for "virtual asset service companies," effective February 2026.

Project Progress

1. The Starknet (STRK) v0.14.1 upgrade will launch on the testnet on November 11, 2025.
2. Peaq (PEAQ) will unlock approximately 8.484 million tokens on November 12, 2025, valued at around $6 million, accounting for 5.57% of the circulating supply.
3. SUI Group has partnered with Bluefin to provide a loan of 2 million SUI, receiving a 5% revenue share from Bluefin.
4. Rumble has reached a $100 million advertising partnership with Tether, with a two-year agreement worth $50 million per year.
5. The Hourglass project’s Stable pre-deposit treasury phase two KYC certification deadline has been extended, with over 17,000 applications approved.
6. Aptos (APT) will unlock approximately 11.31 million tokens on November 11, 2025, at 14:00, valued at around $33.4 million, accounting for 0.49% of the circulating supply.
7. Chainlink (LINK) will launch its first quarter incentive program on November 11, 2025, involving LINK staking and token claims.
8. In the third quarter, 23 projects on the Solana chain raised over $211 million, a 70% increase quarter-on-quarter.
9. The Financial Services Agency (FSA) of Japan plans to mandate registration for third-party crypto custodians to enhance industry security.
10. Strive has increased its bitcoin holdings to 7,525, accelerating its digital asset allocation.
    **Disclaimer: This report is generated by AI, with human verification for information only, and does not constitute any investment advice.