Gate Research: PLANCK token airdrop to begin｜First XRP spot ETF debuts on Nasdaq

Crypto Market Overview

• BTC (-2.37% | Current Price: 99,697 USDT): After a period of choppy downward movement, BTC found short-term support near $98,000, followed by a slight rebound. The price is currently stabilizing around $99,600. Short-term moving averages (MA5, MA10) show early signs of turning upward, but remain below the MA30, indicating that while bearish momentum has weakened, bulls have not yet formed an effective countertrend structure.
• ETH (-5.76% | Current Price: 3,240 USDT): Following consecutive declines, ETH found support around $3,150, showing signs of a short-term rebound. The price has recovered above $3,240, closing near $3,245. Short-term MAs (MA5, MA10) are beginning to turn upward but remain under the MA30, suggesting an overall weak structure. Trading data shows that the previous decline was accompanied by high volume and panic selling, while the current rebound shows limited volume, implying more of a technical correction.
• Altcoins: Most major altcoins saw modest gains, with overall market sentiment leaning “neutral” to “buy.” The Fear & Greed Index reported 16 today, entering the extreme fear zone — a significant drop from last month’s average of 34, signaling weak bullish momentum in the current market.
• Macro: On November 13, the S&P 500 Index fell 1.66% to 6,737.49; the Dow Jones dropped 1.65% to 47,457.622; and the Nasdaq declined 2.22% to 22,870.36.As of November 14, 11:50 AM (UTC+8), spot gold traded at $4,203 per ounce, up 0.78% in 24 hours.

Trending Tokens

LUMINT – Lumint (+670.10%, Circulating Market Cap: $233M)

According to Gate market data, LUMINT is currently trading at $0.077, up about 670.10% in 24 hours. LUMINT is a global initiative led by the Neural Trust Foundation, combining blockchain and AI technologies to provide sustainable returns for token holders and node operators. It integrates DeFi with innovative asset management through a hybrid model that combines node staking, AI-powered services, and smart mining linked to market dynamics. The recent surge is primarily driven by LUMINT’s deflationary tokenomics, where transaction and withdrawal activities trigger token burns, reducing supply and boosting price expectations. The rapid implementation of its AI-driven asset management and node staking framework has increased utility and holding incentives. Overall, the combination of supply compression and real-world utility has fueled LUMINT’s short-term rally.

BDXN – Bondex (+64.03%, Circulating Market Cap: $17.92B)

Gate data shows BDXN trading at $0.1177, up 64.03% in 24 hours. Bondex is building a next-generation on-chain professional network, focusing on talent, reputation, and economic opportunities. Targeting markets such as professional networking, freelancing, and the gig economy, it enables users to build verifiable on-chain reputations, unlocking new economic opportunities within a privacy-centric ecosystem. The rally is driven by both macro and micro factors:

• Macro: The Web3 professional network and “Social Economic Network (SEN)” sectors are gaining renewed investor attention. Bondex, with millions of downloads and strong community activity, has seen its tokenomics revalued.
• Micro: BDXN has expanded listings and derivative products (e.g., perpetual futures), improving liquidity and trading volume. The team also launched a real-time treasury transparency dashboard, bolstering confidence in the token’s unlock and burn mechanisms, accelerating capital inflows.

RESOLV – resolv (+34.59%, Circulating Market Cap: $24.46B)

Gate market data shows ENA trading at $0.8324, up 11.56% in the past 24 hours. Ethena is a decentralized stablecoin protocol whose core product is the USD-pegged synthetic asset USDe. It operates using a “cash-equivalent + derivative hedge” market-neutral strategy, combining spot staking with perpetual futures short positions.

ETH’s rally has lifted its entire ecosystem, with Ethena’s $USDe surpassing $10B in market cap within just 500 days — a key driver of investor attention. In response, ENA’s price climbed steadily from around $0.55 and accelerated from August 9–11, peaking at $0.8357. The price trend remains within a clear upward channel, with each pullback quickly reversing, highlighting sustained bullish inflows and strong market sentiment.

Alpha Insights

First XRP Spot ETF Launches on Nasdaq

Canary Capital has launched the world’s first XRP spot exchange-traded fund (ETF), ticker XRPC, now trading on Nasdaq. Structured under the Investment Company Act of 1940, it uses qualified custodians to hold underlying assets, allowing investors to gain XRP exposure through traditional brokerage accounts without directly managing crypto. This makes XRP the latest mainstream token to enter the spot ETF market, following Bitcoin, Ethereum, and Solana. Canary Capital founder and CEO Steven McClurg stated that XRP is one of the most mature and widely used digital assets, and the ETF will help drive broader adoption. XRP is currently priced at $2.46, up 7.8% over the past week — outperforming most major cryptocurrencies. The ETF also introduces yield-linked features, reflecting the trend of evolving crypto ETFs under regulatory frameworks.

Czech National Bank Buys Bitcoin, Launches $1M Digital Asset Pilot Portfolio

According to 8market data, Bitcoin’s market capitalization has surpassed $2.45 trillion, overtaking Amazon to become the sixth-largest global asset, underscoring its “digital gold” status. The total crypto market cap has reached $4.1 trillion, hitting a new all-time high with a 2.5% daily increase — signaling strong market vitality and investor confidence. Bitcoin’s overtaking of Amazon highlights growing mainstream recognition of crypto assets as legitimate stores of value. The overall surge in crypto capitalization reflects high investor expectations for blockchain innovation and ecosystem growth. However, as valuations climb, volatility and regulatory pressure may also intensify, warranting cautious optimism. Sustained growth in Bitcoin and the broader market will depend on technological innovation, policy developments, and institutional participation.

Emory University Doubles Bitcoin Holdings, Adds $52M in Grayscale BTC ETF

Emory University (Georgia, USA) disclosed in its latest financial report that its endowment fund doubled its holdings in Grayscale Bitcoin Mini Trust (GBTC) during Q3, now exceeding 1 million shares worth about $52 million. The university also initiated a new $79 million position in BlackRock’s Gold ETF, signaling a strong preference for hard assets. Since its first Bitcoin trust purchase in 2024, Emory has steadily deepened its crypto exposure. This quarter, the university maintained its BlackRock Bitcoin Spot ETF position and slightly increased Coinbase holdings. As university endowments are known for conservative strategies, Emory’s move is viewed as another signal of rising institutional acceptance of Bitcoin ETFs — marking accelerating mainstream capital inflows into digital assets.

Gate Launchpool

New Token Sale Details

• Subscription Project: Planck
• Token Name: PLANCK
• Subscription Period: Until Nov 21, 2025, 9:00 (UTC)
• Participation Method: Stake ETH or PLANCK to claim for free
• Total Airdrop Supply: 200,000 PLANCK

Project Introduction

Planck is building the AI computation stack of the future, providing a comprehensive suite of AI computing solutions — covering AI infrastructure, AI cloud, foundational models, and AI-driven applications. The stack empowers consumers, startups, enterprises, and researchers to build AI applications and train models globally. The project has already developed two major platforms to accelerate cross-industry AI research and adoption.


References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Gate, https://www.gate.com/launchpool/PLANCK?pid=433
• Coindesk, https://www.coindesk.com/markets/2025/11/13/first-xrp-spot-etf-opens-for-trade-with-canary-capital-s-xrpc
• CNB, https://www.cnb.cz/en/cnb-news/press-releases/The-CNB-creates-a-test-portfolio-of-digital-assets/
• Coindesk, https://www.coindesk.com/markets/2025/11/13/emory-doubles-down-on-bitcoin-with-usd52m-grayscale-bet

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.