**Crypto Morning Briefing - Must-Read Daily Information - November 25, 2025** --- 1. **US Stock Market Rebounds:** - All three major US stock indices rose: - Dow Jones: +0.44%; - S&P 500: +1.5%; - Nasdaq: +2.69%. - Key stock movements: - Nvidia (NVDA.O): +2%; - Tesla (TSLA.O): nearly +7%; - Google (GOOG.O): over +6%. 2. **Fed Officials Hint at December Rate Cuts:** - Fed Governor Waller: Recent data show minimal changes since the last Fed meeting. Inflation is not a major concern, but the labor market is worrisome; supports a rate cut in December. - Fed's Daly: Warns of a potential sharp decline in the labor market; supports a December rate cut. While Daly does not have voting rights on monetary policy this year, she rarely publicly diverges from Fed Chair Powell. - Fed insider @NickTimiraos suggests support for a December rate cut, emphasizing the fragility of the labor market and controllable inflation. Probability of a 25-basis-point rate cut has risen to 81% on @Polymarket. 3. **Updates on Russia-Ukraine Dynamics:** - Ukrainian officials: The previous 28-point peace plan is no longer in effect. The US and Ukraine have drafted a new 19-point peace plan, leaving politically sensitive issues for the presidents to decide. - Zelensky: Steps toward ending the conflict are becoming viable and will discuss sensitive topics with Trump. 4. **Crypto Spotlight:** - **MON Token:** After launching last night, MON initially dipped below its offering price, causing concerns among early supporters. However, it later rallied to a high of $0.038 and is now hovering around $0.032. - **ClaudeAI Opus 4.5 Released:** The most advanced model for coding, proxies, and computer applications. Now is the best time to explore and understand AI. 5. **Berachain Privacy Controversy:** - Brevan Howard’s $25 million investment in Berachain is refundable post-TGE, a fact unknown to other investors. 6. **Primary Market Token Sales:** - **Reya (via CoinList):** A perpetual DEX with a total supply of 8 billion tokens. Sale details: - 160 million tokens (2% of supply) at $0.01875 per token; - 50% unlocked at TGE, 50% vested linearly over six months. - **Makina (via Legion):** A non-custodial DeFi execution engine supporting cross-chain yield strategies and autonomous trading. Currently holds $94M TVL and targets AI agents and asset managers. 7. **Grayscale Launches XRP Spot ETF:** - Grayscale’s first XRP spot ETF, GXRP, began trading last night on NYSE Arca. 8. **BitMine Increases ETH Holdings:** - Last week, BitMine added 69,822 ETH, raising its total holdings to approximately 3.629 million ETH. 9. **Movement of Large Wallets:** - A new wallet, "0xEFA1," spent $25M over three days to purchase 165 million WLFI tokens. --- **Market Analysis:** - Bitcoin (IBIT) short positions have significantly decreased, almost back to pre-April rally levels (previously only 2% of circulating supply). Bitcoin surged to around $89,000 last night alongside the US stock market rebound but remains in a weak position. - The market is expected to rebound strongly once the Fed confirms a rate cut, though the timing is unclear (December or January). - Bitcoin has dropped ~36% since its recent peak, prompting doubts about earlier progress in the crypto ecosystem. Without real demand, applications relying on speculation may struggle to attract retail investors. - On the 4-hour chart, Bitcoin shows weak upward momentum. Resistance at $100,000 remains critical. A strong breakout above $100,000 would signal optimism; otherwise, a weak adjustment or a second bottom test may follow. --- **Risk Warning:** Digital assets are highly volatile with significant risks. Participate cautiously, avoid going all-in, and refrain from using leverage or loans.