Gate Research Institute: PLANCK Initial Offering is about to begin | The first XRP Spot ETF is landing on Nasdaq

Crypto Market Overview

• BTC (-2.37% | Current Price 99,697 USDT): After experiencing a period of fluctuating decline, the BTC price found support near 98,000 USD in the short term and then saw a slight rebound. The price is currently temporarily stabilizing around the 99,600 USD level. The short-term moving averages (MA5, MA10) show initial signs of turning, but still operate below MA30, indicating that while the bearish momentum has weakened, the bulls have not yet formed an effective counterattack structure.
• ETH (-5.76% | Current price 3,240 USDT): After a continuous decline, ETH price found support near 3,150 USD, showing signs of a short-term rebound. The price has now returned above 3,240 USD, closing around 3,245 USD. The short-term moving averages (MA5, MA10) have initially turned upward, but they are still below MA30, indicating a generally weak structure. From the transaction performance, the previous decline was accompanied by increased volume, with panic selling pressure being concentrated and released; while the current rebound has limited volume, reflecting more of a technical correction.
• Altcoins: Most mainstream altcoins have maintained a slight rise, with market sentiment primarily being “neutral” or “buying”. The Fear and Greed Index today reports 16, entering the extreme fear zone, which shows a significant decline compared to last month's average value of 34, indicating that the current bullish energy in the market is insufficient.
• Macroeconomics: On November 13, the S&P 500 index fell by 1.66%, closing at 6,737.49 points; the Dow Jones index fell by 1.65%, closing at 47,457.622 points; the Nasdaq index fell by 2.22%, closing at 22,870.36 points. As of November 14, 11:50 AM (UTC+8), the spot gold price per ounce is temporarily reported at 4,203 dollars, with a 24H increase of 0.78%.

Trending Tokens on Juejin

LUMINT LUMINT (+670.10%, Circulating Market Cap 233 million USD)

According to Gate's market data, the current price of the LUMINT token is $0.077, which has increased by approximately 670.10% in the last 24 hours. LUMINT is a global initiative led by the Neural Trust Foundation that combines blockchain and artificial intelligence (AI) technology to provide sustainable returns for token holders and node operators. At the same time, it enhances the token's value through advanced AI-driven services. The mission of the project is to combine decentralized finance (DeFi) with innovative asset management, creating a hybrid model that integrates node staking, AI service integration, and a smart mining system related to market dynamics. By adopting this hybrid model, LUMINT is committed to addressing the long-standing challenges in the blockchain and crypto market, laying the foundation for price stability, long-term growth, and practical applications.

The main reason for the recent increase is the launch of LUMINT's deflationary economic model, which triggers token burns during transactions, withdrawals, and other processes, thereby reducing future supply and enhancing price expectations. The AI-driven asset management and node staking framework in the LUMINT ecosystem is accelerating its implementation, improving the token's utility and holding motivation. Overall, the combination of supply compression and practical scenarios has jointly driven LUMINT to experience a short-term increase.

BDXN Bondex (+64.03%, circulating market cap 17.92 million USD)

According to Gate.io market data, the current price of the BDXN token is $0.1177, with a 64.03% increase in the last 24 hours. Bondex is building a next-generation on-chain professional network, focusing on talent, reputation, and economic opportunities. The project targets major markets such as professional social networking, freelancing, and the gig economy, aiming to help users establish verifiable personal reputations within a privacy-centric on-chain social network, thereby unlocking more new economic opportunities.

The logic behind this round of price increase mainly comes from both macro and micro aspects: On the macro level, the Web3 professional network and economic incentive track that BDXN is part of has gained attention in the overall market capital rotation, especially against the backdrop of the growing popularity of the “decentralized social economic network (SEN)” concept. Its platform has millions of user downloads, community activity, and its token economic model has been reassessed by the market. On the micro level, BDXN has recently gained or expanded trading pairs and derivatives support on multiple mainstream exchanges (such as the launch of perpetual contracts), which directly enhances liquidity and trading enthusiasm. At the same time, the project team has publicly launched a real-time treasury transparency dashboard, which has increased market trust in the token unlocking rhythm and destruction mechanism, thereby promoting accelerated capital inflow.

RESOLV Resolv (+34.59%, circulating market cap 24.35 million USD)

According to Gate.io market data, the current price of the RESOLV token is $0.157, having risen approximately 34.59% in the last 24 hours. Resolv is developing a hybrid infrastructure for the generation and distribution of cryptocurrency native yields. With its unique risk isolation mechanism, the goal is to unlock $20 trillion of conservative capital seeking cryptocurrency investments.

RESOLV has surged strongly in the last 24 hours, mainly driven by both project progress and market sentiment. After the price broke through the key range of 0.18 USD, trading volume significantly increased, indicating a rapid influx of funds. Recently, the project announced its integration with Gearbox Protocol to optimize the yield model and enhance asset utilization, strengthening its competitiveness in the RWA and DeFi integration track. At the same time, the market's expectations for the revaluation of RESOLV have warmed, combined with an overall sector recovery, pushing the token to experience a rapid upward trend in a short period.

Alpha Interpretation

The first XRP spot ETF has launched on Nasdaq, introduced by Canary Capital.

Canary Capital officially launched the market's first exchange-traded fund (ETF) providing spot exposure to XRP, with the fund code XRPC, trading on Nasdaq starting today. This fund is structured under the Investment Company Act of 1940, using qualified custodians to hold the underlying encryption assets, providing investors a channel to invest in XRP through traditional brokerage accounts without the need to directly manage cryptocurrencies. This issuance makes XRP the latest mainstream token to enter the spot ETF market, following Bitcoin, Ethereum, and Solana.

Steven McClugage, founder and CEO of Canary Capital, stated that XRP is one of the most mature and widely used digital assets, and its further popularization and growth will be driven by the ETF approach. Currently, the price of XRP is $2.46, having increased by approximately 7.8% over the past week, outperforming most major cryptocurrencies. This ETF also introduces a design linked to blockchain earnings, reflecting the trend of crypto ETF products continuously exploring new types of earning structures under regulatory frameworks.

The Czech central bank has purchased Bitcoin for the first time, establishing a million-dollar digital asset experimental portfolio.

According to 8market data, the market capitalization of Bitcoin has surpassed $2.45 trillion, successfully overtaking Amazon to become the sixth largest asset in the world, highlighting its status and influence as digital gold. Meanwhile, the total market capitalization of the overall crypto market has exceeded $4.1 trillion, setting a new all-time high, with a 2.5% increase in the last 24 hours, demonstrating the strong vitality of the market and the rising confidence of investors.

Bitcoin's market capitalization has surpassed that of traditional giant Amazon, marking a gradual recognition of crypto assets by mainstream capital markets, with the value storage function of digital assets becoming increasingly prominent. The overall crypto market capitalization continues to rise, reflecting investors' high expectations for the future development of blockchain technology and the crypto ecosystem. However, as the market capitalization expands, market volatility and regulatory pressures may also intensify, and investors should remain rational and cautious. In the future, whether Bitcoin and the entire crypto market can sustain steady growth will still depend on changes in technological innovation, policy environment, and institutional participation.

Emory University doubles its Bitcoin holdings, investing $52 million to increase its position in the Grayscale BTC ETF.

Emory University in Georgia has disclosed in its latest financial report that its endowment fund significantly increased its holdings in the Grayscale Bitcoin Trust (GBTC) in the third quarter, with a share quantity exceeding 1 million shares, totaling approximately $52 million, which has doubled compared to the previous quarter. Meanwhile, the university also established a new position of nearly $79 million in the BlackRock Gold ETF, demonstrating a strong interest in “hard assets.”

Emory University has been gradually deepening its layout in the digital asset field since it first purchased Bitcoin trust in 2024. This quarter, its position in BlackRock's Bitcoin spot ETF remained unchanged, and it slightly increased its holdings in Coinbase stock. As a long-term investment institution, university endowment funds are generally known for their conservative strategies. Emory's increase in holdings is seen as another signal of the rising acceptance of Bitcoin ETFs by traditional institutions, marking the acceleration of mainstream capital's penetration into the crypto market.

Gate Launchpool

New Subscription Details

• Subscription Project: Planck
• Token Name: PLANCK
• New issuance time: November 14, 2025, 17:00 to November 21, 2025, 17:00 (UTC+8)
• Participation method: Stake ETH or PLANCK to receive for free
• Total airdrop: 200,000 PLANCK

Project Introduction

Planck is building the future AI computing stack, dedicated to providing a leading set of AI computing solutions that cover AI computing infrastructure, AI cloud, foundational models, and AI-driven end applications. Its AI computing stack aims to empower consumers, startups, enterprises, and researchers, supporting them in building AI applications and training AI models globally. Two major platforms have been developed to promote AI research and application implementation across various industries. <br> Reference Material:

• 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

<br> Gate Research Institute is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer Investing in the crypto market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products purchased before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.