Crypto Daily Market Report : Key News, Trends, and Insights in Cryptocurrency & Blockchain– November 10, 2025

• Macro Environment: Despite U.S. consumer confidence hovering near record lows, optimism over an imminent resolution to the government shutdown spurred a sharp rebound in U.S. equities late Friday. Over the weekend, bipartisan negotiations accelerated toward a stopgap funding deal, pushing U.S. stock index futures higher.
• Crypto Market: News of progress toward ending the U.S. government shutdown lifted crypto sentiment, with Bitcoin rebounding from below $100K and breaking through the short-term resistance at $104K. Bitcoin’s market dominance fell below 60% as altcoins rallied in tandem.
• Project Developments:
  • Hot Tokens: DCR, XMR, SAPIEN
  • Privacy Sector: Continued strong momentum with ZEC, DCR, XMR, and DASH all posting gains; ZEC surpassed the $600 mark.
  • BSC Ecosystem: GIGGLE, FORM, Binance Life, and 4 were among the first to rebound, leading daily gainers.
  • NEAR: Since early November, NEAR Intents’ trading volume has risen sharply, exceeding $100M in daily volume and reaching a record $200M on November 4.

• U.S. government expected to end the shutdown.
• LINEA: Token unlock representing 16.44% of circulating supply, valued at ~$34.4M.

• U.S. one-year inflation expectation (Nov preliminary): 4.7%, above forecasts.
• U.S. consumer confidence fell to its second-lowest level on record, below 2008 recession levels.
• Trump: Pledged to distribute at least $2,000 in tariff dividends to every American.
• Trump: “It looks like we’re very close to ending the government shutdown.”

• Japan’s FSA to support three major banks in issuing joint stablecoins.
• Kazakhstan plans to establish a $500M–$1B crypto asset reserve fund.
• Market Structure Bill remains pending, with review expected to be delayed until December.
• U.S. CFTC drafting a tokenized collateral policy, expected early next year.
• Acting CFTC Chair confirmed plans to enable leveraged spot crypto trading on regulated exchanges.

• Strategy: Increased the size of its perpetual preferred share fundraising from €350M to €620M.
• JPMorgan acquired a stake in Bitmine, a leading Ethereum reserve firm, valued at $102M.
• Five spot XRP ETFs have been listed on DTCC, potentially launching this month.
• The next FTX creditor payout is expected to be confirmed in December and distributed in January.
• Polymarket trading volume reached $400M, doubling since July.

Expanded Analysis of Industry Highlights

• This signifies a strategic entry by the traditional finance giant (JPMorgan) into the Ethereum ecosystem via an indirect "back-door" investment, avoiding direct digital asset custody complexities.
• Bitmine, a former Bitcoin mining firm, pivoted to holding a large reserve of Ethereum, making this a significant strategic hedge and positioning signal by JPMorgan.

• Listing on the Depository Trust & Clearing Corporation (DTCC) is a critical infrastructure step, signaling operational readiness for trading.
• The potential launch suggests accelerating SEC approval timelines and would open a regulated, convenient channel for traditional investors to gain exposure to XRP.
• The launch could attract billions in institutional capital and set a crucial regulatory precedent for other altcoin ETFs.

• The December confirmation is the court's approval of the final distribution plan. The January distribution is the actual payout of funds.
• A key point of contention is that payouts are largely based on the low crypto asset prices from November 2022, the time of the bankruptcy filing, despite current market appreciation.
• Payments will be made in fiat currency (USD) via approved distribution providers.

• Polymarket is a decentralized, crypto-based prediction market. The volume surge indicates a high level of liquidity and user engagement.
• Growth is likely driven by high-profile, engaging prediction events (e.g., political elections, regulatory outcomes) and increased arbitrage activity, which substantially boosts the platform's total trading volume.