Bitget Daily Briefing: The US will release US Non-farm Payrolls (NFP) and unemployment rate, Ethereum advances in anti-quantum Cryptography.

Author: Bitget

Today's Outlook

1. The U.S. Department of Labor will release the seasonally adjusted non-farm employment data for September on November 20, 2025, at 21:30 (UTC+8);

2. The U.S. Department of Labor will release the unemployment rate data for September on November 20, 2025, at 21:30.

3. LayerZero (ZRO) will unlock approximately 25.71 million tokens on November 20, 2025, at 19:00, valued at about 38.3 million USD, accounting for 7.29% of the current circulation.

Macro & Hotspots

1. Ethereum founder Vitalik Buterin warned at the Devconnect conference that quantum computing could break elliptic curve cryptography before the 2028 U.S. presidential election, suggesting that Ethereum should transition to post-quantum cryptography within four years and launch the “Kohaku” privacy encryption tool;

2. Nasdaq-listed company Onfolio Holdings has secured $300 million in financing, which will be used to establish a digital asset treasury. Initial investments include BTC, ETH, and SOL, and they plan to enhance business growth through cryptocurrency staking.

3. Tim Scott, Chairman of the U.S. Senate Banking Committee, stated that a committee vote on the cryptocurrency market structure bill is expected “next month,” with the goal of presenting it to the Senate for review early next year, clarifying the regulatory authority of the SEC and CFTC.

Market trend

1. BTC and ETH have experienced fluctuations and declines in the past 4 hours, with the market in extreme panic. Approximately $656 million in liquidations occurred in the last 24 hours, primarily from long positions.

2. The three major US stock indices closed higher collectively, with technology stocks leading the way, as market optimism continues to warm up.

3. The Bitget BTC/USDT liquidation map shows: The current price of BTC is 92591. If it falls below 92k, it will trigger a long liquidation cascade, further pushing it down to 88k–90k, but the short wall is thin.

4. In the past 24 hours, BTC spot inflow was $294 million, outflow was $270 million, resulting in a net inflow of $24 million.

5. In the past 24 hours, the net outflow of contract trading for cryptocurrencies such as BTC, ETH, USDT, XRP, and BNB is leading, or there may be trading opportunities.

News Updates

1. The U.S. Securities and Exchange Commission (SEC) has removed its specific focus on crypto assets in the key document review for fiscal year 2026;

2. The Office of the Comptroller of the Currency (OCC) has approved banks to hold cryptocurrencies for paying blockchain gas fees;

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3. UBS Group has reached a strategic cooperation with Ant International to explore blockchain-based tokenized currency innovations and global payment solutions.

4. HSBC Holdings announced that it will launch tokenized deposit services for corporate clients in the United States and the UAE in the first half of next year.

Project progress

1. Ethereum: Launch a unified interoperability layer to achieve seamless use of L2;

2. 21Shares Solana ETF has been officially approved and has begun trading;

3. KAITO: 8.35 million tokens will be unlocked on November 20, 2025, at 20:00, valued at approximately 6.4 million USD, accounting for 2.97% of the current circulation.

4. LayerZero: About to complete a large-scale token unlock, increasing liquidity and market attention;

5. Onfolio Holdings: Launching cryptocurrency asset staking and treasury construction, deepening business layout;

6. Base Alliance: The personal token $jesse will be launched on the Base platform;

7. BlackRock registers iShares Ethereum Staking ETF in Delaware;

8. Polygon: Continuously promoting L2 cross-chain and interoperability solutions, optimizing and expanding development tools;

9. Polkadot: The on-chain governance and slot auction process continues to upgrade, strengthening ecological collaboration.

10. Bitget: Optimize clearing map data and risk management strategies to support high-frequency trading users.

Disclaimer: This report is generated by AI, and human involvement is only for information verification, not for any investment advice.