On November 18, 2025, Gate will launch Datagram Network (DGRAM) perpetual contract trading at 18:10 (UTC+8) today, and simultaneously open full-featured trading services such as Perp DEX, leveraged lending, flash trading, and fixed investment, providing users with a one-stop trading experience. Core Function Launch Schedule ✅ November 18, 2025 18:10 (UTC+8) Perpetual contract trading: DGRAM/USDT contracts are now available for real trading, supporting leverage of 1-20 times Leveraged lending: Open unified account lending, position by position leveraged trading pairs Financial management function: Synchronize the launch of Yubibao and current/term mortgage loans ✅ Starting from 19:10 (UTC+8) on November 18, 2025 Tracking and trading robots: open within 1 hour of contract launch Flash exchange function: supports instant exchange of DGRAM and USDT tokens Subscription service: supports automatic subscription based on hourly, daily, and other cycles 1. Contract trading entrance DGRAM perpetual contract live trading link: https://www.gate.io/zh/futures/USDT/DGRAM_USDT 2. Perp DEX decentralization Synchronize the launch of DGRAMUSDT perpetual contract, supporting on chain trading: https://web3.gate.io/zh/perps?settle=USDT&symbol=DGRAM_USDT 3. Leverage and Lending Services New unified account borrowing and lending, position by position leveraged trading pairs, and synchronized opening of Yubibao wealth management and collateral lending functions. Deploy DGRAM immediately and experience full-featured trading! https://jump.do/zh-Hans/xlink?checkProxy=true&proxyId=5

**[Wintermute: BTC Needs to Regain Momentum to Drive Broad Market Recovery]** On November 18, Wintermute released a report stating that over the past week, the market has primarily digested the sharp adjustment in expectations for a December rate cut, with the probability of a rate cut dropping from 70% to 42%. Federal Reserve Chair Jerome Powell's ambiguous stance on rate cuts has led the market to reassess the differences among FOMC members, resulting in a general weakening of risk assets, with the crypto market being hit the hardest. The report pointed out that digital assets continue to underperform across asset classes, with BTC and ETH lagging behind even altcoins during this downturn. This is partly because altcoins had already been experiencing prolonged declines, while niche sectors like privacy coins have shown resilience. Additionally, whale position adjustments have exacerbated volatility, even though the selling pressure lacks fundamental deterioration and is primarily driven by macroeconomic factors. Wintermute believes that the current macroeconomic backdrop remains favorable, but market recovery requires BTC to return to the upper range of its volatility band. The stabilization of leading assets is a critical signal. Policy and interest rate expectations may serve as key catalysts, and once BTC regains momentum, the market will have a solid foundation for broad recovery.

Bitwise, the issuer of Bitcoin ETFs, stated in a CNBC livestream that the Bitcoin market has hit bottom and referred to the current situation as a 'generational buying opportunity'. （The Bitcoin Historian）

[Amber Transfers 5.3 Million STRK to Binance, Total Value Approximately $971,000] According to monitoring data, Amber transferred 5.3 million STRK to Binance 2 hours ago, with a total value of approximately $971,000. Three days ago, when the price of STRK reached its highest point in the past 8 months, Amber transferred 6.3 million STRK to Binance, valued at approximately $1.47 million. Additionally, on November 17, reports indicate that Amber deposited UNI tokens worth approximately $10.98 million into Coinbase half an hour ago.

[The Number of Initial Jobless Claims in the U.S. Reached 232,000 This Week] According to U.S. government data, as of the week ending October 18, the number of initial jobless claims was 232,000.