November 11th, Goldman Sachs estimated that the US non-farm payrolls shrank by about 50,000 in October, marking the largest decline in 2020. Its employment growth tracker slowed from 85,000 in September to 50,000, with an additional 100,000 positions being cut due to the Trump administration's "delayed departure plan."The bank pointed out that the number of layoffs is rising, signaling weakness in the labor market. (FX678)

November 11th, The Lido DAO community has proposed in its latest workstream proposal to achieve automated buyback and liquidity management by deploying an LDO/wstETH position in a Uniswap v2-style liquidity pool. This LP position will be held by an Aragon Agent and if the proposal passes, is expected to be implemented in the first quarter of 2026.The new mechanism aims to trigger buybacks when the ETH price is high and the protocol's annualized revenue exceeds a set threshold, expanding on-chain depth, reducing circulating LDO supply, and thus improving capital efficiency and long-term token value.

November 11th. Wintermute released a Cryptocurrency Market Brief stating that market sentiment has improved and risk appetite has increased. Bitcoin (BTC) is still fluctuating in the $105,000–$107,000 range, showing resilience. However, to drive the altcoin market and spread the momentum, BTC may need to further approach its all-time high. In the short term, U.S. regulatory and political news will become new volatility drivers.This week, the market sentiment has noticeably improved compared to last month. With the dust of October's sell-off settling, investors are realigning their positions in selective risk assets. Trump's proposed "$2,000 tariff rebate" briefly boosted risk sentiment, while the easing of the U.S. government shutdown and weakening macro data also supported the market. However, capital inflows remain limited, and cryptocurrency assets remain the weakest-performing asset class.By segment, sectors such as DeFi, L2, AI, and DePIN have led the gains, but the overall market breadth remains narrow, with only a few strong coins driving the major gains. Funds are still concentrated in mainstream coins, and the pursuit of altcoins lacks sustainability.Overall, the market structure is improving, and sentiment recovery is evident. Cryptocurrency assets may have entered a bottoming out phase. If BTC can break its previous high first, funds are expected to redistribute, triggering a broader altcoin rebound.

November 11th, Bank of England MPC Member Greene has indicated that she continues to support keeping the interest rate unchanged, despite Tuesday's data showing the UK's unemployment rate rising to its highest level since the beginning of the pandemic.Greene stated that she believes the worst period for the labor market is behind us and warned that businesses are forecasting higher wage growth. Greene's comments came just hours before official data showed that the unemployment rate rose to 5% in the three months to September, higher than the economists' expected 4.9%, reaching its highest level since the beginning of 2021. Traders' reaction to this was to increase bets on a rate cut by the Bank of England, with the market currently pricing in over an 80% probability of a rate cut in December.Greene is one of the more hawkish members of the nine-person Monetary Policy Committee. Last week, she supported the majority decision to keep rates unchanged, while four other officials wanted a further 25 basis point cut. She described the current policy stance as not being "intentionally restrictive." (FXStreet)

November 11, at 11:11 AM (UTC), the RaveDAO Genesis Membership NFT officially began minting on Base and BNB Chain, with platform and technical support provided by RaveDAO's official ticketing partner, PLVR. The event will continue until November 15 at 11:11 AM (UTC).As the world's first on-chain membership system for the entertainment culture network, the RaveDAO Genesis Membership provides users with a new way to participate. By minting the membership card, users can receive RAVE points (future exchangeable for $RAVE) and automatically participate in the Genesis Rewards global lottery program. Prizes include RAVE airdrop rewards, a Tomorrowland double VIP ticket package (worth $5,000), and a RaveDAO lifetime VIP pass, among others.This issuance offers four membership levels, each symbolizing a higher status and benefits:1. Emerald Pass: Free admission ticket, connecting to the global community and participating in the lottery;2. Gold Pass: Additional 50 RAVE points, 3x lottery weight;3. Platinum Pass: Priority event access, 500 RAVE points reward, 5x lottery weight;4. Black Pass: Exclusive backstage/VIP access, private event invitations, 2500 RAVE points reward, and 7x lottery weight.RaveDAO has stated that RAVE points will evolve with the ecosystem's development, and their significance and value will continue to increase with the expansion of the RaveDAO global network and the launch of $RAVE. As the first on-chain cornerstone of the RaveDAO ecosystem, the Genesis Membership is not only a pass but also the starting point of a new cultural network, allowing fans, creators, and partners to participate with a verifiable identity, building an on-chain global entertainment system that connects online and offline experiences.

November 11, Binance Alpha has launched Allora (ALLO), with the current price at $1.22 and a market cap of $248 million. Eligible users can claim 50 ALLO tokens airdrop, worth approximately $61 at the current price.

November 11th, according to Defilama data, in the mainstream Perp DEX's near 24-hour trading volume, Lighter saw a significant increase in trading volume, surpassing Aster to take the top spot. Aster saw its near 24-hour trading volume almost halved, dropping from yesterday's $11.94 billion to $5.7 billion. The current partial Perp DEX trading volume is as follows:Lighter's 24-hour trading volume is approximately $10.69 billion, with a TVL of around $1.152 billion;Hyperliquid's 24-hour trading volume is approximately $8.71 billion, with a TVL of around $4.799 billion;EdgeX's 24-hour trading volume is approximately $5.82 billion, with a TVL of around $0.491 billion;Aster's 24-hour trading volume is approximately $5.7 billion, with a TVL of around $1.469 billion;ApeX's 24-hour trading volume is approximately $2.68 billion, with a TVL of around $50.82 million;Pacifica's 24-hour trading volume is approximately $1.03 billion, with a TVL of around $3.891 million;Paradex's 24-hour trading volume is approximately $0.966 billion, with a TVL of around $0.14 billion.

November 11th, according to official sources, Websea announced that its strategic wealth management product, the "Surge Profit Fund," has successfully completed the redemption and distribution of earnings for its initial stable 30-day product. The product, based on the principle of capital preservation, automatically triggers a destruction or compensation mechanism based on the WBS price at the time of user subscription, achieving stable returns for users during the subscription period while enhancing long-term value.The official statement indicated that the Surge Profit Fund's core mechanism is based on "capital preservation, accelerated earnings, and ecosystem deflation," aiming to provide users with a Web3 financial management option that balances security and profitability, thereby supporting the sustainable growth of the platform ecosystem.

November 11th, the US-listed cryptocurrency exchange Gemini Space Station released its first post-listing financial report, and its third-quarter loss exceeded market expectations.Due to a sharp increase in marketing and listing-related expenses, the net loss for the quarter reached $1.595 billion (or $6.67 per share), doubling the analysts' expectation of $3.24 per share. Despite a doubling of revenue to $50.6 million year-over-year, the company's stock price still fell by 8.67% to $15.38 in pre-market trading.

November 11th, Hong Kong. HSBC Bank launched the "HSBC Gold Token" for Hong Kong retail investors, with a total trading volume surpassing $1 billion and over 100,000 transactions, making it the world's third-largest gold token product. The token is denominated in Hong Kong dollars, approved by the Hong Kong Securities and Futures Commission, and is currently the only compliant gold RWA product open to retail investors.BiyaPay analysts believe this marks the transition of RWA from an institutional experimentation phase to a retail adoption period, where traditional assets such as gold are being reshaped through blockchain technology. With increasingly clear regulation and improved liquidity, the tokenization of physical assets may become one of the most certain trends in the crypto space by 2025.BiyaPay analysts also point out that the rising demand for stable income and secure store of value will accelerate the expansion of the RWA ecosystem. Investors can trade US stocks, Hong Kong stocks, and futures using USDT on the BiyaPay platform, enjoy 0% fee cryptocurrency spot contract trading, and actively participate in the new wave of asset digitization.

November 11th, according to The Block, Singapore's DBS Bank is collaborating with Kinexys, a digital asset platform under JPMorgan, to develop an interoperability framework aimed at enabling cross-chain transfer of tokenized deposits within both parties' on-chain ecosystems.This collaboration seeks to build a bi-directional interoperability layer supporting cross-network transactions between public and permissioned blockchains to expand customer reach. Currently, both institutions provide customers with 24/7 liquidity services and real-time payment settlements within their blockchain systems.According to the announcement, JPM Deposit Token users based on the Ethereum Layer 2 network Base will be able to transact with DBS Bank token service customers operating on a permissioned chain in the future. Such interactions have been limited by inherent interoperability challenges and associated security risks, which have been difficult to overcome within traditional financial architectures.

November 11, according to GMGN monitoring, due to the impact of the "Uniswap Fee Switch or Fraudulent Pool Disappearance on Base," the on-chain trading volume of Base has decreased in the past 24 hours. The x402 ecosystem-related tokens have experienced varying degrees of pullback today, including:VIRTUAL: 24-hour loss of 11.6%, with a market cap of $674 million, currently priced at approximately $1.35;PING: 24-hour loss of 23%, with a market cap of $25.3 million, currently priced at approximately $0.025;PAY AI: 24-hour loss of 20%, with a market cap of $15.4 million, currently priced at approximately $0.015;dreams: 24-hour loss of 20%, with a market cap of $22.2 million, currently priced at approximately $0.022;BlockBeats reminds investors that the recent cryptocurrency market has seen a significant increase in volatility, and investors should pay attention to risk control.

November 11th, Swiss crypto bank group Sygnum stated that despite a pullback in October, the "strong demand catalyst" and institutional participation are still at historical highs, with an increasing number of ETF applications signaling further institutional demand. Currently, there are at least 16 crypto ETF applications awaiting approval, which have been delayed due to the 40-day U.S. government shutdown.Crypto Staking ETFs may become the next fundamental catalyst to spark institutional cryptocurrency demand. Over 80% of surveyed institutions are interested in crypto ETFs beyond Bitcoin and Ethereum, with 70% of institutions explicitly stating that they would start investing or increase their allocation if these ETFs offer staking rewards. Staking involves locking up tokens in a proof-of-stake blockchain network to maintain network security and earn passive income.Sygnum believes that investors are eagerly awaiting the end of the government shutdown, which could prompt the SEC to "batch approve" altcoin ETFs, thus catalyzing a "new wave of institutional fund inflows."

November 11th, according to The Data Nerd monitoring, 2 new wallets withdrew 957,000 LINK from Binance 9 hours ago (approximately $1.58 million).In the past 4 days, they have accumulated a total of 234,000 LINK (approximately $3.82 million).

November 11th. Despite a significant market correction in October, institutional investors remain confident in digital assets, with the majority of institutions planning to further increase their allocations in the coming months. A report released on Tuesday by the Swiss crypto bank group Sygnum showed that over 61% of institutions plan to increase their cryptocurrency investments, with 55% holding short-term bullish expectations. This survey covered 1,000 institutional investors globally.Around 73% of the surveyed institutions stated that allocating to crypto assets is expected to provide higher returns in the future, despite the industry still being in a recovery phase following the historic $200 billion plunge in October. However, investor sentiment continues to face uncertainty, primarily due to delays in key catalysts such as the "Market Structure Bill" and more ETFs for altcoins.Lucas Schweiger, Chief Research Officer of the Crypto Asset Ecosystem at Sygnum, pointed out that this uncertainty may persist until 2026, but he predicted that the digital asset market will increasingly mature, with institutions seeking diversified allocations for long-term growth expectations. "The theme of 2025 revolves around a mix of prudent risk management, pending regulatory decisions against the backdrop of fiscal and geopolitical pressures, and robust demand catalysts. However, investors are now more rational. Market discipline has suppressed irrational exuberance but has not shaken the belief in long-term growth trends."

November 11th, according to official sources, Bitget has released the "2025 Ask Satoshi Global Report." The report is based on the analysis of data from the #AskSatoshiWithGetAgent global event, which attracted participation from over 90 countries, with over 10,000 users involved, submitting over 30,000 questions. Approximately 40% of the questions focused on whether Bitcoin is still true to its original ideals, discussing topics such as decentralization, trust, and the evolution of digital currency.The report shows that AI tool usage is highly correlated with trading behavior, with 90% of GetAgent users having transaction records in the last 30 days. The peak trading activity is concentrated between 10 p.m. and midnight, while daytime is more focused on learning and strategy research. Bitget stated that the AI assistant GetAgent is evolving from a trading tool to an intelligent collaborative partner, helping users gain market insights and understand the future of finance.

November 11th, On-chain data analyst Murphy posted on social media today that the "Investor Sentiment Index" introduced by Glassnode has entered the "Red Signal" representing a low level of confidence. This indicates that market sentiment has once again dropped to a trough after a peak, and it has been 7 months since the last disappearance of this signal.Murphy stated that based on data from the past 2 years of this cycle, after entering the red zone 3 times, it took 1-2.5 months each time for the trend to shift from weak to strong. Since August 29th, when this indicator switched from the green "Optimistic Zone" to the yellow "Hesitant Zone," the index has stayed in the yellow zone for an extended period, setting a corresponding record. After the first red signal appears, it usually does not reverse back to the green confidence zone in just a few days.

November 11th, according to market data, Nvidia (NVDA.O) pre-market drop expanded to 1%. Earlier reports indicated that SoftBank Group liquidated its Nvidia position and cashed out $5.8 billion. (FXStreet)

November 11th, Startale Group announced a partnership with Sony Blockchain Solutions Lab to launch the Startale App, an all-in-one super app designed as an entry point to Sony's Ethereum Layer 2 network Soneum and its ecosystem. This app will serve as a gateway for future token generation events, airdrops, and Soneum ecosystem rewards.According to the official announcement, multiple projects on the network plan to distribute airdrops, rewards, and exclusive experiences through this app. The announcement states that the Startale app utilizes account abstraction technology, eliminating the need for mnemonics, enabling gasless transactions, and simplifying wallet management to drive Soneum ecosystem activity. The app supports mini-program functionality, allowing developers to build applications directly on the network without the need for independent websites. The app is currently in a closed testing phase, and the official launch date has not been announced.