Cooling U.S. jobs data boosted expectations of a Fed rate cut next week, lifting stocks, lowering Treasury yields and the dollar, while corporate news ranged from tech-sector softness to major deal progress and strategic shifts across industries. The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions, according to ADP reports. Global economic growth will slow to 2.6 per cent in 2025, down from 2.9 per cent in 2024, as global trade and investment face growing pressure from financial volatility and geopolitical uncertainty, according to a new report by the UN Trade and Development body. The European Union is planning to permanently stop the import of Russian gas and move towards the phase-out of Russian oil under the provisional political agreement reached by the European Parliament and the Council.
US Spot ETF Flows
Asset
Daily Inflow
Daily Change
Weekly Inflow
Total Assets
Daily Volume
BTC ETFs
$-14.9M
-125.5%
$118.0M
$122.0B
$4.2B
ETH ETFs
$140.2M
-1514.0%
$24.5M
$19.7B
$1.7B
SOL ETFs
$-32.2M
-170.3%
$31K
$915.1M
$32.7M
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$303.27M
-
$-169.81M (-35.90%)
Shorts
$194.15M
64.0%
$-217.06M (-52.79%)
Longs
$109.12M
36.0%
$+47.25M (+76.38%)
BTC
$86.21M
28.4%
$-154.58M (-64.20%)
ETH
$130.22M
42.9%
$+31.00M (+31.24%)
Bitcoin’s settlement volume hit $6.9 trillion in the past 90 days—rivaling Visa and Mastercard combined—yet most of this activity is wholesale, with “economic” settlement closer to $870 billion per quarter and global merchant adoption still minimal at just over 20,000 merchants. While Bitcoin and stablecoins increasingly serve as cross-border settlement alternatives, consumer retail use remains tiny compared with Visa’s and Mastercard’s daily volumes. Stablecoins move far more value—about $225 billion per day—but roughly 70% of that is driven by automated trading bots, highlighting that real-world, organic payment adoption across both Bitcoin and stablecoins is still limited.
Corporate Ethereum acquisitions have plunged 81% since August, but a few major players—led by BitMine—continue aggressively buying billions in ETH as they push toward controlling 5% of the supply.
Binance launched “Binance Junior,” a parental-controlled crypto app for kids that offers supervised deposits, limits, and earning features, drawing both praise and criticism from the community.
Bitcoin mining company CleanSpark reported Wednesday that it mined 587 Bitcoin in November, an 11% increase from October, maintaining elevated production levels despite a challenging environment for cryptocurrency miners and the broader digital asset market.
The SEC halted applications for crypto ETFs seeking over 200% leverage, sending warning letters to issuers like Direxion, ProShares, and Tidal and citing limits under the Investment Company Act of 1940, which caps funds’ value-at-risk relative to an unleveraged reference portfolio and warning major issuers to scale back excessive exposure as soaring liquidations and increasingly risky leverage levels raise broader market concerns.
