[Bitwise CIO: Market Underestimates Probability of Crypto Market Structure Legislation Passing] On November 12, Bitwise Chief Investment Officer Matt Hougan stated that the market is underestimating the probability of successful passage of crypto market structure legislation. He believes the likelihood of the CLARITY Act passing is relatively high. Currently, cryptocurrencies are receiving bipartisan support, crypto lobbying funds have reached historic highs, and the government is also fulfilling its commitments to the crypto industry.

[U.S. Solana Spot ETF Records $7.98 Million Net Inflow in a Single Day, 11 Consecutive Days of Net Inflows] On November 11 (Eastern Time), the U.S. Solana Spot ETF recorded a total single-day net inflow of $7.98 million. The Bitwise Solana Spot ETF (BSOL) saw a single-day net inflow of $2.05 million, with cumulative net inflows reaching $332 million; the Grayscale Solana Spot ETF (GSOL) recorded a single-day net inflow of $5.93 million, with cumulative net inflows totaling $18.72 million. As of the time of publication, the total net asset value of Solana Spot ETFs stands at $568 million, with Solana's net asset ratio at 0.64%, and historical cumulative net inflows amounting to $350 million.

[Matrixport: Bitcoin May Have Entered a Minor Bear Market Phase] Matrixport stated that cryptocurrency trading volume remains weak relative to market size. Over the past 12 months, the total market capitalization has dropped from $3.7 trillion to $2.4 trillion, while daily trading volume has decreased from $352 billion to $178 billion, a 50% decline. This divergence may reflect limited market participation and weakened upward momentum. Based on recent on-chain indicators, Bitcoin may have entered a minor bear market phase. Although there are potential catalysts, the ability to drive a sustained upward trend remains uncertain. Additionally, in a low-liquidity environment, reported trading activity and fee revenue on exchanges remain sluggish.

Former White House cryptocurrency advisor Bo Hines stated that children should be educated to 'never sell Bitcoin'. （Cointelegraph）

[Whale Increases Holdings by 121,000 TRUMP, Total Position Value Approximately $1.81 Million] Monitoring data shows that 50 minutes ago, whale address Hm8po increased its holdings by 121,000 TRUMP from the Bybit platform, valued at approximately $951,000. Currently, the address holds a total of 233,500 TRUMP, with a total value of approximately $1.81 million and an average entry price of around $7.08.