Daily Market Wrap | Nov. 07

TokenInsight

2025-11-07 10:05:24

Hot Topics

Japan’s FSA backs stablecoin pilot by three major banks (Mizuho, MUFG, and SMBC) for joint electronic payment issuance, advancing blockchain payments.

Ether falls to $3,331 as support breaks despite $1.37B whale buys; Bitcoin holds $102K while SOL, XRP, DOGE pull back.

Flowdesk says crypto credit strikes fragile balance post-Stream’s $93M loss and $20B crash, with steady borrowing demand for BTC/SOL hedging and compressed yields in low-risk pools.

Market Updates

Tesla shareholders approve Elon Musk’s $1T pay package with 75%+ votes, igniting memecoin frenzy led by “TRILLIONS” token that surges then crashes amid exit scams.

Bitwise’s spot Dogecoin ETF could launch in U.S. within 20 days if SEC approves, but DOGE technicals signal bearish amid whale sell-offs.

Google integrates Polymarket and Kalshi prediction market odds into Search and Finance for real-time event forecasts like elections.

BTC-0.51%

SOL-1.5%

XRP-4.35%

DOGE-1.89%

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