Token | Trading Volume 【HYPE】210.35 million 【MX】22.79 million 【HUMA】24.83 million 【JU】81.86 million 【BTC】40.35 billion 【PAXG】360.82 million 【ETC】176.20 million 【GT】7.02 million 【LRC】4.16 million 【UNI】348.57 million

According to SoSoValue data, XRP spot ETFs saw a total net inflow of $89.65 million yesterday (December 1st, Eastern Time). The XRP spot ETF with the largest single-day net inflow was the Grayscale XRP ETF (GXRP), with a net inflow of $52.3 million, bringing its historical total net inflow to $124 million. The second largest was the Franklin XRP ETF (XRPZ), with a net inflow of $28.41 million, bringing its historical total net inflow to $114 million. As of press time, the total net asset value of XRP spot ETFs was $723 million, with an XRP net asset ratio of 0.60%, and a historical cumulative net inflow of $756 million.

Cango (NYSE: CANG) announced its unaudited financial results for the third quarter of 2025, reporting quarterly revenue of $224.6 million, a 60.6% increase quarter-over-quarter, with Bitcoin mining contributing $220.9 million. The company recorded operating profit of $43.5 million, net profit of $37.3 million, and adjusted EBITDA of $80.1 million. The average hashrate in the third quarter increased from 40.91 EH/s in July to 44.85 EH/s in September, and further improved to 46.09 EH/s in October. A total of 1930.8 BTC were mined in the quarter, an increase of over 37% compared to the previous quarter. The company stated that its mining rig migration, operational optimization, and hardware upgrades drove energy efficiency improvements, with the average cost per BTC (excluding depreciation) at approximately $81,072 and total costs at approximately $99,383. As of the end of the third quarter, the company had mined a total of 5810 BTC. Cango simultaneously completed its transition from ADR to a direct listing on the NYSE to optimize its capital structure and enhance transparency. Management stated that the company has expanded its long-term strategy from Bitcoin mining to "energy + AI computing power," and is deploying green energy-driven data centers and AI computing power networks globally. In the short term, it will provide GPU computing power leasing in a light-asset manner; in the medium term, it will build regional data centers and provide low-latency inference services; and its long-term goal is to create a globally distributed AI computing power network. The company also disclosed that it held $44.9 million in cash as of the end of September.

According to the latest data from F2Pool, with network difficulty remaining high and electricity prices at $0.06 per kilowatt-hour, many older Bitcoin mining rigs have fallen below their shutdown price and entered the loss zone. The shutdown prices for models such as the Antminer S19, S19j, S19 Pro, S17 series, Avalon A12/A13 series, and Whatsminer M20/M30 series are mostly around $90,000 to $100,000 or even higher, with current daily net profits being negative, approaching shutdown levels. In contrast, newer generation high-efficiency liquid-cooled models show greater resilience. Data shows that the Antminer S23 Hyd.'s shutdown price is around $32,200 and still in positive profit, while models like the S21 XP Hyd.'s shutdown price is around $40,000 to $50,000, demonstrating significantly better risk resistance than air-cooled models. Industry insiders point out that as the difficulty increases and energy efficiency differences widen, this cycle is accelerating the "stratification" of mining machines, with outdated models having increasingly limited profit margins in the current market environment.

According to SoSoValue data, the Solana spot ETF saw a net outflow of $13.55 million yesterday (December 1st, Eastern Time). The SOL spot ETF with the largest single-day net inflow was the Bitwise SOL ETF (BSOL), with a net inflow of $17.18 million, bringing its historical total net inflow to $545 million. This was followed by the Grayscale SOL ETF (GSOL), with a net inflow of $1.82 million, bringing its historical total net inflow to $79.64 million. The 21Shares SOL ETF (TSOL) saw a net outflow of $32.54 million, bringing its historical total net outflow to $60.14 million. As of press time, the Solana spot ETF has a total net asset value of $791 million, a net asset value ratio of 1.14%, and a historical cumulative net inflow of $605 million.