Daily Market Wrap | Nov. 14

Hot Topics

• Bitcoin plunges below $100K to $97,500 and spot ETFs suffer $869M outflow.
• Tether’s dominance surges to highest since April, signaling risk aversion.
• Strategy's stock plunges 6.6% to $210, weakest in 13 months amid Bitcoin's drop below $100K, yet trades at 19% premium to holdings' value.

Market Updates

• Uniswap launches Continuous Clearing Auctions on v4 for permissionless block-by-block token auctions, boosting DeFi price discovery and liquidity by seeding pools at clearing prices.
• R25 launches rcUSD+, a yield-bearing RWA stablecoin backed by money market funds and structured notes, on Polygon to boost DeFi composability and bridge crypto-TradFi yields.
• Aave Labs secures MiCA approval for zero-fee fiat-to-crypto ramps for GHO stablecoin in EEA, boosting DeFi accessibility.