24-Hour Hot Cryptocurrencies and News | Fed Meeting Minutes Reveal Growing Divergence on Rate Cuts; Kraken Submits Draft IPO Registration Statement to the US SEC (November 20)

1. Popular cryptocurrencies on CEXs

Top 10 CEX trading volumes and their 24-hour price changes:

1. BTC: -0.16%
2. ETH: -2.62%
3. XRP: -3.91%
4. SOL: -1.79%
5. BNB: -3.12%
6. DOGE: -3.63%
7. ZEC: +11.25%
8. ADA: -1.84%
9. SUI: -3.05%
10. TRX: -0.66%

24-hour gainers list (data source: OKX):

1. TNSR: +95%
2. LOOKS: +34.28%
3. OMI: +19.08%
4. STRK: +17.21%
5. ZK: +14.16%
6. FET: +9.74%
7. MAGIC: +8.22%
8. RIO: +6.86%
9. ZORA: +6.14%
10. ACT: +5.99%

24-hour cryptocurrency stock gainers list (data source: msx.com ):

1. T-Rex 2X Inverse MSTR Daily - MSX(MSTZ.M): 18.89%
2. Nvidia 2x Long Position - MSX (NVDL.M): 16.22%
3. Applied Digital Corporation - MSX (APLD.M): 16.16%
4. Nebius Group NV - MSX (NBIS.M): 14.3%
5. Semiconductor ETF Triple Leverage Long Position - MSX (SOXL.M): 13.39%
6. Cipher Mining Inc. - MSX (CIFR.M): 13.24%
7. EMAG Technology - MSX (AMKR.M): 13.07%
8. Oklo Inc. - MSX (OKLO.M): 13.01%
9. Block, Inc. - MSX(XYZ.M): 12.06%
10. Bloom Energy Corporation - MSX (BE.M): 11.51%

2. Top 5 trending on-chain memes (data source: GMGN ):

1. AVL (BNB)
2. AIO (BNB)
3. TAKE (BNB)
4. APD (BNB)
5. WoD (BNB)

Headlines

Kraken announced that it has submitted a draft IPO registration statement to the U.S. Securities and Exchange Commission (SEC).

Kraken announced that it has filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed offering of common stock. The number of shares to be offered and the price range have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, with the specific timing depending on market conditions and other factors.

Trump may select the next Federal Reserve Chairman before Christmas.

According to market sources, Trump may select the next Federal Reserve Chairman before Christmas.

The Federal Reserve meeting minutes revealed serious internal divisions, with policymakers persisting with interest rate cuts despite inflation warnings.

The minutes of the Federal Reserve's October policy meeting revealed significant divisions within the Fed's decision-making body regarding last month's rate cut. Despite warnings that the rate cut could undermine efforts to curb inflation—which has remained above the 2% target for the past four and a half years—the decision was ultimately made to lower rates. The minutes stated that "many participants supported lowering the target range for the federal funds rate," but also noted that some members who supported the rate cut were equally accepting of maintaining the current rate. Several officials directly opposed the rate cut, expressing concern that "the Committee's progress toward achieving its 2% inflation target has stalled, and noted that if inflation fails to return to 2% in a timely manner, long-term inflation expectations could rise." The minutes added that "most participants noted that further reductions in the policy rate could exacerbate the risk of persistently high inflation, or be misinterpreted by the market as a lack of commitment to achieving the 2% inflation target." These minutes reflect officials' efforts to reach consensus amidst a lack of data: weighing the dual risks of rising inflation and a weak labor market, while also warning that a "sharp revaluation" of artificial intelligence investments could lead to a "disorderly stock market decline."

Industry News

The US Senate will vote on a cryptocurrency market structure bill in December.

The U.S. Senate will vote on a cryptocurrency market structure bill in December.

Data leaked by the U.S. Department of Labor due to a "technical glitch": Number of people continuing to claim unemployment benefits surges.

Data released by the U.S. government on Tuesday showed a sharp increase in the number of Americans claiming unemployment benefits between mid-September and mid-October, suggesting that the unemployment rate may have been high in October as an uncertain economic environment dampens businesses' willingness to hire. A Labor Department spokesperson said, "A technical issue caused some data to be released prematurely," adding, "This issue is currently being corrected, and the complete data series will be released before the close of business on November 20, 2025." The data showed that the number of people continuing to claim unemployment benefits after the first week's claims (a measure considered a proxy for hiring) rose by 10,000 to 1.957 million in the week ending October 18, after seasonal adjustment. Continuing claims jumped significantly from 1.916 million in the week ending September 13.

The U.S. goods trade deficit was $85.61 billion in August, while the services trade surplus was $26.06 billion.

The U.S. goods trade deficit was $85.61 billion in August, while the services trade surplus was $26.06 billion. The U.S. trade balance for August was -$59.6 billion, compared to a forecast of -$61 billion and a revised previous figure of -$78.2 billion (originally -$78.3 billion). U.S. exports rose 0.1% month-over-month in August, compared to a 0.3% increase in July; imports fell 5.1% month-over-month, compared to a 5.9% increase in July.

Project News

Market news: Coinbase is preparing to launch a stock trading feature , and its prediction market interface is currently not publicly accessible.

According to a post on the X platform by tech blogger @wongmjane, Coinbase is preparing to launch a stock trading feature, and the Coinbase prediction market interface is currently not publicly accessible.

Hyperliquid launches HIP-3 growth model, reducing overall order taking fees by over 90%.

Hyperliquid has introduced a new feature that allows anyone to deploy new markets with virtually no permission required, boosting liquidity and incentivizing new market makers to join with ultra-low fees.

This upgrade, known as HIP-3 Growth Mode, reduces the overall taker fee for newly launched markets by over 90%. Deployers can freely enable this mode on a per-asset basis, without any approval or centralized oversight. After the upgrade, the overall taker fee will drop from the usual 0.045% to 0.0045%–0.009%.

The Bitwise Solana ETF has seen inflows for three consecutive weeks, with total inflows exceeding $580 million.

Bitwise CEO Hunter Horsley posted on the X platform that the Bitwise Solana ETF (BSOL) has seen inflows every trading day for the past three weeks, and the total inflow of SOL since its launch has exceeded $580 million. To date, BSOL has generated approximately 7,990 SOL in returns for investors.

Ondo Global Markets has been approved to offer tokenized US stocks and ETFs in 30 European countries.

Ondo Global Markets has received FMA approval to offer tokenized U.S. stocks and ETFs in 30 European countries.

Solomon made a last-minute $100 million fundraising spree, ripping off all its investors, with insider trading involving single transactions yielding over $500,000.

According to @xhanTululu, Solomon Labs raised $100 million in its MetaDao public offering at the last minute, becoming the second-highest-funded project on MetaDao to date, second only to UmbraPrivacy. Previously, the project's fundraising amount had remained between $3 million and $5 million for several days.

As a result, users on Polymarket who predicted Solomon's fundraising amounts to be between $20 million and $40 million to $100 million were all "caught red" (meaning they were essentially wiped out). Meanwhile, the suspected insider address "KimballDavies" consistently chose the low-probability "yes" option in this event, accumulating a profit of over $500,000.

FTX creditors: Three finalists were shortlisted for the FTX 2.0 bidding process, but were ultimately rejected by lawyers.

FTX co-founder Sam Bankman-Fried (SBF) retweeted a tweet from FTX creditor Arush. The tweet revealed that the bidding process for the FTX 2.0 relaunch project was quite different from Andrew Dieterich's claim that "nobody wanted to buy FTX 2.0." Three reputable and well-funded finalists participated in the sale: Arj/Tribe and an undisclosed listed exchange; Bullish, owned by Tom Farley; and Figure, owned by Mike Cagney. These bidders all offered substantial equity stakes, which, if successful, could have added billions of dollars to the assets of all FTX creditors. However, lawyers ultimately rejected these deals. This outcome surprised them, the public, and creditors alike. Arush pointed out that the FTX 2.0 bidders promised to tokenize their debt and operate this multi-billion dollar venture capital and cryptocurrency portfolio. Tom Farley or Mike Cagney were both suitable candidates to run the deal, but ultimately FTX's current CEO John Ray and the law firm Sullcrom called off the transaction.

Investment and Financing

Wizzwoods has raised $10 million in Series A funding, led by Animoca Ventures and Infinity Ventures Crypto.

Wizzwoods announced the completion of a $10 million Series A funding round, co-led by Animoca Ventures and Infinity Ventures Crypto.

Wizzwoods is described as a pixelated farm game that combines cross-chain mechanisms with SocialFi elements, developed based on Telegram mini-programs and Twitter extensions.

Onfolio Holdings raises $300 million to build a digital asset treasury

Nasdaq-listed Onfolio Holdings announced that it has secured $300 million in financing from a U.S. institutional investor through convertible notes. The new funds will be used to support the establishment of its digital asset treasury, initially purchasing three major cryptocurrencies: BTC, ETH, and SOL. The company stated that it will use cryptocurrency staking to generate returns, strengthen its balance sheet, and accelerate the growth of its operations.

Social engineering defense platform Doppel has raised $70 million in Series C funding, led by Bessemer Venture.

Doppel, an AI-driven social engineering defense platform, announced on the X platform that it has completed a $70 million Series C funding round, led by Bessemer Venture Partners, with participation from George Kurtz, NTT DOCOMO Ventures, Aurum Partners, Nneka Ogwumike, Breanna Stewart, Kelsey Plum, a16z, South Park Commons, Script Capital, 9Yards Capital, Sozo Ventures, and Strategic Cyber Ventures. The new funds will be used to support the construction of a digital protection infrastructure that combines generative AI with expert human analysis.

Character * Voice

The $1 billion Ethereum DAT project spearheaded by Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng has been shelved.

The $1 billion Ethereum DAT project led by Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng has been confirmed to be shelved, with the $200 million initially raised returned to investors. Industry insiders say the market downturn following the 10/11 attacks, coupled with the recent sharp decline in the stock prices of several DAT companies, are the main reasons for the project's suspension. Regarding whether it will be restarted in the future, relevant personnel stated that protecting investor interests will be a priority, and the project will be decided based on market conditions.

Trump ally Brandon Gill makes another large purchase of Bitcoin.

Representative Brandon Gill (a Texas Republican) and a Trump ally, has recently increased his Bitcoin holdings again. According to the latest congressional transaction disclosure documents filed on November 18, Gill purchased between $100,000 and $250,000 worth of BTC on October 20, and added another $15,000 to $50,000 to the BlackRock Bitcoin Spot ETF (IBIT) at the end of October.

Gill is one of the most active members of Congress in allocating Bitcoin this year. Since taking office in January, he has purchased a total of $2.6 million worth of BTC and allocated an additional $150,000 in IBIT.

Bitwise CEO: Has already added $89,000 to its Bitcoin holdings.

Bitwise CEO Hunter Horsley posted on the X platform that he added to his Bitcoin holdings yesterday at a price range of $89,000.