The markets showed signs of renewed strength, supported by steady capital inflows and renewed DeFi momentum.
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The Fear & Greed Index stood at 29, showing mild fear, while the Altcoin Season Index held at 30.
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Stablecoins saw net inflows of $703.69M, led by USDC (+$388.73M) and USDT (+$27.47M), pushing total supply to $266.63B
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Whale activity remains aggressive, with one major wallet adding 14,742 ETH, bringing its total long exposure to 54,742 ETH (~$193M) with a 9.47% gain. Another large holder purchased 23,501 ETH (~$82.63M) after previous rounds of profit-taking and re-entry, signaling strong conviction on Ethereum's mid-term trend.
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Traditional markets
Wall Street rallied overnight after news of the the U.S. government reopening.
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Dow Jones rose 0.81%
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Nasdaq rose 2.27%
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S&P 500 rose 1.54%
Treasury yields edged higher, with the 10-year rate up 0.66% to 4.12%, while the U.S. Dollar Index (DXY) held firm at 99.67 (+0.05%).
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Gold rose 0.42% to $4,131.81, reflecting moderate hedging demand as macro uncertainty eased.
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Macro policy updates
The U.S. Senate formally passed a continuing funding bill, providing financing until November 30 to avert a government shutdown.
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The vote passed 60–40, clearing a key hurdle before final House approval and President Trump’s signature. If signed by Wednesday, the federal government will fully reopen, unlocking access to roughly $1T in TGA (Treasury General Account) funds.
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This major development eased market anxiety significantly, and could support short-term liquidity rotation back into risk assets.
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Industry highlights
Uniswap dominated headlines with a governance proposal to activate protocol fee sharing and introduce a UNI burn mechanism.
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The move will destroy 100M UNI from the treasury, driving token prices up over 40% within hours. If approved, the plan could set a new precedent for on-chain revenue redistribution across DeFi protocols.
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Meanwhile, a major exchange announced plans to launch a token sale platform next week, debuting with Monad (MON) as its first ICO-style listing.
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The platform will algorithmically allocate tokens to ensure fairer distribution and discourage rapid resale within 30 days of issuance.
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Each new asset is expected to be listed on the main exchange roughly once per month.
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Alpha watch
Ping's C402.markets launch
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Following its test phase, Ping officially activated C402.markets on Nov 11 at 2:00 UTC, allowing token issuers to mint directly on-chain.
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The event marks another step in the growth of on-chain token infrastructure and liquidity distribution.
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Concluding note
DeFi narratives have re-entered the spotlight, led by Uniswap’s structural overhaul and a steady rise in stablecoin inflows.
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With U.S. fiscal stability temporarily restored and risk sentiment improving, crypto assets could see a short-term recovery if ETH whales sustain their accumulation and on-chain volumes continue to expand.
