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Quick Take China’s central bank reaffirmed its stance that digital assets have no legal status in the country following a multi-agency meeting on Friday. The PBoC specifically flagged stablecoins as failing to meet anti-money laundering and customer identification requirements, calling them a threat to financial stability.
Prediction markets turned cautious even as Bitcoin price staged a 17% rebound from last week’s capitulation lows, with ETF inflows failing to generate a decisive breakout.
Solana price stabilized above $135 this week as bullish leverage traders absorbed ETF-related headwinds and restored confidence across derivatives markets.
Cardano price settled just above $0.41 on Nov 29, as a governance vote on a 70 million ADA budget allocation gained majority support while fresh derivatives data revealed a critical resistance barrier forming near $0.44.
Quick Take U.S. spot bitcoin and Ethereum ETFs logged net positive inflows this week, shortened due to the Thanksgiving holiday, for the first time since late October. The bitcoin ETFs logged $70 million worth of inflows, breaking a four-week net outflow streak that saw outflows of over $4.3 billion. The Ethereum ETFs logged $313 million worth of inflows, breaking its own outflow streak of three weeks and $1.7 billion. Spot Solana ETFs, which broke a 21-day inflow streak with outflows on Wednesday, logged
Dogecoin just saw its biggest rebound in weeks while its new ETFs quietly pulled in almost $2M in inflows.
The crypto market has slipped into what analysts call a “quiet equilibrium,” a zone where fear is high but selling pressure fades.
- 19:23Bitcoin Fear and Greed Index Hits 8-Month Low in Late NovemberJinse Finance reported, citing BitcoinNews, that the Bitcoin Fear and Greed Index hit an eight-month low in late November, indicating extreme fear among investors. The index has been declining continuously since October, reflecting increasing market uncertainty and volatility.
- 19:12Google is promoting TPU to major clients including Meta PlatformsAccording to Jinse Finance, The Information reported that Google is now promoting its Tensor Processing Unit (TPU) to major clients, including Meta Platforms, for use in their own data centers. This move directly encroaches on Nvidia's main business model.
- 18:49Data: If ETH falls below $2,882, the total long liquidation volume on major CEXs will reach $962 millions.According to ChainCatcher, citing Coinglass data, if ETH falls below $2,882, the cumulative long liquidation volume on major CEXs will reach $962 million. Conversely, if ETH breaks above $3,173, the cumulative short liquidation volume on major CEXs will reach $577 million.