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.

November 11th, according to HyperInsight monitoring, Huang Licheng's 10x leverage long position in UNI, initiated this morning to chase the uptrend, is currently at a floating loss of $530,000 (185%), with a position size of approximately $2.9 million, an average price of $9.73, and a liquidation price of $7.7.In addition, the same address's 25x leverage long position in ETH is currently at a floating profit of $570,000 (70%), with a position size of approximately $20.28 million. The UNI long position opened today has mostly offset the profit from the ETH long position, with the current principal reduced to $730,000.

November 11th, CryptoQuant analyst Axel posted on social media today, stating that since August, the Bitcoin Short-Term Holders (STH) group has seen an increase of 1 million BTC in their holdings, reaching a total of 5.4 million BTC, a growth of 24.7%. Despite these holders currently being at a loss, new investors continue to enter the market.

November 11th - A recent article published by Forbes quoted Bitget CEO Gracy Chen's latest views on ETF inflows and institutional fund impact. She pointed out that the current core driver of Bitcoin's price has shifted to U.S. market liquidity, rather than capital from Europe, the Middle East, or Asia. Funds from these regions are more inclined to flow into the gold and stock markets, which also explains the strong performance of gold, AI-related U.S. stocks, and Chinese stock indexes this year.Gracy Chen believes that once the U.S. government ends the shutdown in November (as predicted by Polymarket to resume operations on the 14th), fiscal spending and market liquidity will restart; if the Fed pauses its balance sheet reduction in December and initiates a rate cut cycle, a new bull market for Bitcoin may officially begin.As early as January this year, Gracy Chen boldly predicted, "BTC is expected to break through $130,000 and further surge to $150,000 to $200,000." Although this target has not yet been achieved, she emphasized that once the government shutdown ends and the Fed turns accommodative, Bitcoin reaching $150,000 is only a matter of time, whether in the fourth quarter of this year or the first quarter of next year. "I have personally fully loaded again and look forward to witnessing Bitcoin set a new all-time high."

November 11th, according to market sources, Hyperliquid has added a new AERO/USDC perpetual contract, supporting up to 3x leverage.

November 11th, according to LookIntoChain monitoring, a whale has just deposited all of his 1.71 million UNI tokens (worth $15 million) accumulated between February 4th and October 12th into Binance, now selling would mean a $1.45 million loss.

November 11th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after the recent rebound in the crypto market, market participants still maintain a bearish outlook on altcoins and have started to bearish on BTC and ETH again. The specific funding rates are shown in the figure below.BlockBeats Note: Funding Rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

November 11th, according to Coinbob Popular Address Monitoring, influenced by the continuous decline in ZEC's price today, in the past 9 hours, the "Accurate ZEC Strategy" whale (0x96e) has been gradually reducing its holdings and cutting losses in ZEC by more than 30,000 coins since ZEC fell below its average holding price, resulting in a loss of approximately $960,000. The remaining position has an unrealized loss of $950,000 (46%), with a liquidation price of $420. The position size has decreased from $37.01 million yesterday to $10.37 million.Since November 3rd, the address has successively deposited $2.21 million into Hyperliquid, then opened a 5x leveraged ZEC long position and has been continuously rolling over the position. At one point, the principal grew to over $10.5 million. Before reducing the position, it was the largest ZEC bull on Hyperliquid.According to monitoring, the largest ZEC short on Hyperliquid (0xd47) has consistently added to the position to flatten ZEC. The unrealized loss has decreased from $20.19 million to $10.87 million, with an average holding price of $336. The position size is approximately $30.64 million, and there has been no liquidation so far.

November 11th, CryptoQuant founder Ki Young Ju tweeted, stating, "Since Bitcoin's price dropped to $100,000, whales have cashed out billions of dollars. I said earlier this year that the bull market cycle was over, but the inflow of funds into MSTR and ETFs ended the bear market. If these funds stop flowing in, the sellers will dominate once again. Currently, the selling pressure is still significant, but if you believe in a strong macroeconomic outlook, now is a good time to buy."

November 11th, according to HTX market data, Bitcoin briefly dropped below $105,000, currently trading at $104,962.

November 11th, according to Onchain Lens monitoring, a large institution/company deposited 1.19 million UNI tokens (worth $10.54 million) into Binance, resulting in a $914,000 loss.The whale/institution had accumulated these UNI tokens by investing $11.45 million between February 5, 2025, and October 12, 2025, from Binance and Flowdesk.