News/Daily Market Wrap | Nov. 24 Daily Market Wrap | Nov. 24
Nov 24,2025,19:03
Hot Topics
- U.S. spot Bitcoin ETFs hit a record $40.32B trading volume last week, led by BlackRock's IBIT at $27.79B, amid a 23% BTC price drop to $86,700 and $3.55B redemptions signaling institutional capitulation.
- NYDIG reports $3.55B spot Bitcoin ETF outflows in November, declining stablecoin supply (USDE down nearly 50% since October), and DAT share discounts signal aggressive crypto capital flight.
- Grayscale's GDOG and GXRP ETFs launch Nov. 24.
Market Updates
- Wormhole Labs launches Sunrise gateway to streamline token imports from any chain into Solana, coinciding with Monad's mainnet debut and MON token launch for enhanced ecosystem liquidity.
- Cardano splits due to developer's malformed delegation exploiting 2022 bug.
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