Bitget Daily Digest (Nov 19) | SEC Removes Special Section on Digital Assets; Bitcoin Drops Below $90,000 with Over 170,000 Traders Liquidated; Solana ETF Launches Today

Today’s Outlook

1. The Neutron (NTRN) network upgrade is scheduled for block height 40,729,000 at 23:00 on November 19, 2025, aimed at boosting network performance and optimization.
2. LayerZero (ZRO) will unlock 25.71 million tokens on November 20, 2025, valued at approximately $36.76 million, accounting for 7.29% of total circulating supply.
3. Fidelity’s Solana ETF (FSOL) is set to launch on November 19, with a management fee of 0.25%.

Macro & Hot Topics

1. The latest 2026 fiscal year review priorities from the U.S. Securities and Exchange Commission (SEC) have, for the first time, removed the dedicated cryptocurrency section, instead focusing on fiduciary duty, custody, client information protection, and AI risk. The market interprets this as a signaling shift in regulatory stance toward digital assets.
2. Bitcoin fell below $90,000 in the past 24 hours, hitting a 7-month low, with liquidations totaling between $947 million and $1.015 billion and more than 170,000 – 180,000 traders liquidated. Long positions faced heavy losses, impacted by institutional outflows, macro uncertainty, and cascading liquidations from high leverage.
3. Onfolio Holdings, a Nasdaq-listed company, secured $300 million in financing to establish a digital asset treasury, planning initial investments in BTC, ETH, and SOL, and to boost its balance sheet and business growth via crypto staking.
4. The OCC (Office of the Comptroller of the Currency) in the U.S. has approved banks holding cryptocurrencies for payment of blockchain “gas fees”.

Market Overview

1. BTC and ETH posted mild declines in the past four hours, with cautious bearish sentiment. In the last 24 hours, total liquidations reached $165 million, mainly from long positions.
2. All three major U.S. stock indexes closed lower, with tech and blue-chip stocks under pressure as risk-off sentiment grows.

3.The Bitget BTC/USDT liquidation map shows BTC trading at $92,574 USDT. The $90,000–$94,000 range is a hotspot for long liquidations; a break below could trigger a liquidation cascade. Watch for sharp declines in the short term.

5.In the past 24 hours, BTC, ETH, USDT, XRP, BNB and other coins all saw net contract outflows, possibly presenting trading opportunities.

News Highlights

1. The SEC has removed the special focus on digital assets from its 2026 review priorities.
2. The OCC has approved the use of cryptocurrencies by banks to pay for blockchain gas fees.
3. UBS Group and Ant International have reached a strategic partnership to explore blockchain-based tokenized currency innovations for global payments and liquidity.
4. Ethereum founder Vitalik Buterin released the privacy-enhancing tool "Kohaku," improving privacy and security for the Ethereum ecosystem.

Project Updates

1. Franklin Templeton will launch an XRP ETF on November 18.
2. Bitwise will be trading its XRP ETF between November 19–20.
3. New Hampshire has approved the first $100 million municipal bond backed by Bitcoin collateral.
4. Mutuum Finance (MUTM) has raised $18.8 million with 18,000 holders; V1 testnet is set to go live in Q4.
5. Kazakhstan has lifted restrictions on crypto mining and trading; new rules will come into effect in 60 days.
6. zkSync (ZK) will unlock 173.41 million ZK (0.83% of supply) on November 19.
7. Merlin Chain (MERL) will unlock 36.14 million MERL (1.72% of supply) on November 19.
8. Fidelity will launch the Solana ETF (FSOL) with a 0.25% management fee on November 19.
9. Canary Funds will launch the Solana ETF (SOLC) on November 19, with integrated on-chain staking.
10. Filecoin has launched its Onchain Cloud testnet, with mainnet rollout planned for January 2026.

Disclaimer: This report is AI-generated and manually fact-checked. This is not investment advice.