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Bitcoin's price has fallen below $90,000, indicating a potential for further price decreases. It's currently trading below this mark and a key moving average, with a bearish trend line forming around $91,000. Immediate resistance is seen at $87,000 and $89,000, while major support levels are at $85,500 and $85,000. Failure to recover above $90,000 could lead to further declines, potentially testing supports at $83,200 and even $80,000. Technical indicators like the MACD and RSI suggest bearish momentum.

Pharos Network is a new layer-1 blockchain designed to connect traditional finance with cryptocurrency. It aims to provide a fast and scalable platform for tokenizing real-world assets like commodities, real estate, and energy. The network claims to handle over 30,000 transactions per second with sub-second finality and support a billion users. It's built to facilitate tokenized financial products, stablecoins backed by physical assets, and other real-world finance applications while including features for regulatory compliance like identity verification and anti-money laundering measures, aiming to bridge institutional and individual participation in on-chain finance.

The crypto market's recent struggles are linked to unfavorable macroeconomic conditions, impacting investor confidence. Previously, tariff wars and U.S. government shutdowns created uncertainty. The market watches key economic data like the Purchasing Managers Index (PMI) and unemployment figures. A PMI above 50 signals strong business activity, considered positive for crypto, while a declining PMI is seen as negative. Declining employment is generally good for crypto, while rising employment is bearish. The latest US manufacturing PMI edged up to 52.5 in October. Unemployment has been rising, reaching 4.3% in September, with analysts expecting the same for October. Rising unemployment could trigger a crypto market rebound, while declining unemployment could lead to further market uncertainty and potentially lower prices.

Bitcoin Core, which is the main software that runs the Bitcoin network, had its first public security audit done by an outside company called Quarkslab. This audit was paid for by Brink, with help from donors, and coordinated by the Open Source Technology Improvement Fund (OSTIF). The audit checked important parts of the software like how it connects to other computers, how it handles transactions, and how it manages the blockchain. The results showed that Bitcoin Core is well-built and secure. The auditors didn't find any critical, high, or medium-level problems, only a couple of minor issues and some suggestions for improvement. These were treated as ways to make the software even better, not as security risks that could cause people to lose money. Brink emphasized that this audit adds extra confidence in Bitcoin's security, helping to ensure it remains a reliable network. At the time of reporting, Bitcoin was trading at $91,764.

Dogecoin's price is under pressure, currently near a critical support level of $0.15. Whether it rebounds in December or falls further depends on if this level holds. The price has dropped nearly 9% in the last week, trading between $0.1533 and $0.1625 recently. Technical indicators show Dogecoin trying to stay above $0.15178, but the market leans bearish. If the price breaks below $0.15, it could fall to $0.095 or even $0.059. Conversely, if it holds, it could rise towards $0.1654, $0.1738, or $0.1807. Some positive signs include whales buying over $8 million worth of Dogecoin and increasing long futures positions. However, overall spot outflows remain slightly negative.

The cryptocurrency platform WLFI froze 272 wallets after a security breach where attackers used malicious contracts to steal tokens during the token's launch. These attacks exploited vulnerabilities in third-party tools, not WLFI's internal systems. To mitigate the damage, WLFI burned 166.667 million tokens, valued at over $22 million, from the compromised wallets to prevent further misuse. They're now verifying users to reallocate recovered funds safely. The launch of the WLFI token also faced scrutiny after a report linked token sales to individuals possibly connected to a sanctioned North Korean hacking group, leading U.S. senators to call for a federal investigation. WLFI denies these claims, stating they performed standard identity checks on pre-sale buyers. Despite the security breach, token price drop, and political concerns, WLFI is committed to restoring user trust and redistributing recovered funds after verification.

The Bitwise XRP ETF launched with 1,127,647 shares traded, totaling $25.93 million in volume, which was less than Canary's XRPC ETF launch of $58.5 million. The launch coincided with a significant market downturn where the S&P 500 lost approximately $1.5 trillion and Bitcoin fell to $87,000. This market turmoil affected XRP, causing its price to drop below $2. Analysts note XRP's price has been declining for months, with the recent drop pushing it into a potentially critical zone, suggesting further price decreases are possible if it closes below the $2 support level.

An analyst, Vincent Van Code, suggests that XRP access for retail investors may decrease by 2030. He believes XRP could transition into a wholesale asset primarily used by institutions for settlement purposes. With a circulating supply of about 65.2 billion XRP and a total supply capped at 100 billion, institutions could accumulate a majority of the available XRP. This shift could mean retail investors might only access XRP through ETFs or similar investment products instead of direct token purchases. A separate analysis suggests that if institutions hold 80% of the supply, XRP's price could increase significantly. The analyst's view is that XRP is gradually being positioned for institutional-level functions, such as settlement layers and large-value transfers. This shift towards institutional control could significantly impact XRP's market dynamics and overall circulation.

Zcash (ZEC) experienced a price increase that is not clearly supported by available on-chain data. This means the reason for the price surge is not easily identifiable by looking at the usual transaction information available on the Zcash blockchain. The article highlights a divergence between price action and the transparency of on-chain activity for ZEC.

XRP holders are being advised to legally protect their crypto assets due to potential legal vulnerabilities. Assets held in personal wallets are susceptible to discovery and seizure in lawsuits. Strategies to safeguard XRP holdings include utilizing trusts, gifting, and leveraging the step-up in basis for inheritance tax benefits. Alternative measures to enhance security and financial flexibility consist of borrowing against crypto assets, utilizing institutional custody services, and establishing Wyoming LLCs. Financial expert Jake Claver is urging XRP investors to treat their holdings as commercial real estate, ensuring structured protection and long-term wealth preservation.

Bitwise's new XRP ETF experienced significant trading volume on its first day, with $21.7 million in turnover and over 1.13 million shares traded. However, the ETF's price closed 7% lower than its opening price. This performance is being compared to Canary's XRPC, which has already accumulated $292.61 million in inflows and continues to see strong demand. The initial trading activity raises questions about whether the volume came from new institutional investment or secondary market trading. Official inflow numbers, which will be released on November 21st, will clarify the source of the trading activity and indicate whether Bitwise can compete with Canary's established lead.

Bitcoin is facing increased selling pressure, raising concerns about a potential bear market. An early Bitcoin adopter, Owen Gunden, deposited his remaining 2,499 Bitcoin, worth $228 million, into the Kraken exchange. This move has sparked speculation, as large transfers from early holders can signal an intention to sell, potentially adding to market volatility and bearish sentiment. Bitcoin's price is struggling below $92,000, with technical indicators showing a persistent downtrend and strong resistance from moving averages.

Bitcoin is trying to stabilize around $95,000 after falling below $90,000 following a drop from a previous high of $126,000. This decline occurred amid broader market uncertainty. BlackRock recently purchased $62.23 million worth of Bitcoin, suggesting that big institutional investors may be looking at Bitcoin as a long-term asset. However, Bitcoin's price also dropped due to fears about the Federal Reserve's interest rate decisions, less money flowing into the market, and outflows from Bitcoin ETFs. Over $559 million in leveraged crypto positions were wiped out during the price drop. Although Bitcoin's oversold conditions may slow down the selling, analysts suggest that Bitcoin needs to reclaim the $94,000-$96,000 level to avoid further price decreases. The market is waiting for new economic data and signals from the Federal Reserve to determine Bitcoin's next move, with BlackRock's purchase possibly being a sign of institutional confidence.

Federal Reserve officials are increasingly concerned about financial market stability, specifically the risk of asset prices suddenly dropping. This concern is influencing their decision on whether to cut interest rates at the upcoming December meeting. Lisa Cook, a Fed Governor, mentioned risks like expanding private credit, hedge fund activity in Treasury securities, and the use of AI in trading, and stated that a drop in asset prices wouldn't necessarily signal financial instability. Beth Hammack, the president of the Federal Reserve Bank of Cleveland, is against rate cuts due to high inflation and easy financial conditions, arguing that protecting the job market with rate cuts could increase financial stability risks. The Fed's October meeting minutes reflect worries about stretched asset prices and a potential stock price drop if sentiment changes about AI. The decision-making process for the December meeting is further complicated by a lack of key economic data due to a government shutdown, including a detailed employment report. Traders currently predict the Fed will likely hold off on cutting rates in December unless there's a significant decline in the job market, with a potential quarter-point cut in January.

A new bill called the "Bitcoin For America Act" has been proposed that aims to allow U.S. citizens to pay their federal taxes using Bitcoin. The Bitcoin received would then be placed into a newly created Strategic Bitcoin Reserve. This reserve would be managed by the Secretary of the Treasury, who would be responsible for its custody and security, potentially using methods like cold storage. The goal is to create a long-term asset for the U.S. government that could appreciate in value and provide a more stable financial foundation. Taxpayers wouldn't recognize any gain or loss when transferring Bitcoin for tax obligations. The bill also places restrictions on the amount of Bitcoin that can be sold from the reserve each year.

Ethereum (ETH) has performed poorly in the fourth quarter, showing its worst performance against Bitcoin (BTC) since 2019, with a roughly 28% drop this quarter. Despite this, long-term holders are maintaining their positions, and the amount of ETH staked is at an all-time high of over 36.27 million ETH, with approximately 200,000 ETH added this week alone. The ETH/BTC ratio is stabilizing after a downtrend. A similar pattern occurred in 2018, where a significant quarterly drop was followed by a rally in December. This suggests that even with current price struggles around $3,000, a year-end rebound for ETH is possible.

The Ethereum price prediction suggests a potential drop of around 18% to $2,476. Currently trading around $3,040, Ethereum faces pressure from simultaneous large buying and selling activities, hindering a clear market direction. While BitMine has been accumulating ETH, other large entities linked to treasuries are selling, offsetting the buying pressure. The price remains below the realized price of $2,316, indicating market stress. Liquidations of leveraged long positions further weaken rebound attempts. A key indicator, SOPR, signals that traders sold at a loss recently, often a precursor to a final market bottom. A break above $3,658 is needed to indicate a strong recovery, otherwise the price may continue to be pressured. A BlackRock staked ETH ETF is positive for future demand but won't prevent short-term losses.

Samourai Wallet co-founder William Hill was sentenced to four years in prison and a $250,000 fine for conspiracy to operate an unlicensed money-transmitting business, following a guilty plea in July 2024. The case revolves around Samourai Wallet's privacy features, Whirlpool and Ricochet, which were used to obscure Bitcoin transactions, facilitating over $237 million in illegal transactions linked to activities like drug trafficking and child pornography. Prosecutors used Hill's and co-founder Keonne Rodriguez's communications to demonstrate their awareness of the platform's use for illicit purposes. Rodriguez previously received a five-year sentence. The case has led to other privacy-focused crypto wallets distancing themselves from similar features and sparked debate about the treatment of crypto developers compared to traditional financial institutions. Over $2 billion in Bitcoin, generating $6 million in fees, passed through Samourai Wallet between 2017 and 2024. The DOJ has stated that merely writing code is not a crime. However, this new guidance came too late for Hill and Rodriguez, whose case started before the policy change.

Digital asset treasury companies, like FG Nexus and ETHZilla, are selling their cryptocurrency holdings, specifically Ethereum, to buy back their own company stock. This is happening because their stock prices have dropped significantly, in FG Nexus's case by 94% in four months. FG Nexus sold $32.7 million worth of Ethereum to fund a $200 million share buyback program after their stock price fell below the value of their crypto assets. ETHZilla also sold around $40 million in Ethereum for similar reasons. These companies manage a total of $42.7 billion in cryptocurrency assets, and their actions are putting pressure on the overall crypto market, especially as market liquidity has decreased. Analysts estimate that forced selling by these treasury companies could reach $4 to $6 billion if they liquidate 10% to 15% of their positions. This situation highlights the risks associated with these companies' leveraged capital structures and their vulnerability to market downturns.

Bitcoin is facing selling pressure, leading to debate among analysts about whether it's a bear market or a buying opportunity. The mining firm MARA deposited 644 Bitcoin, worth approximately $58.7 million, to exchanges FalconX and Coinbase Prime, which is typically seen as a sign of potential selling. This move has caused concern among traders, although some analysts believe it may be routine treasury management. Bitcoin's price is currently testing a critical support level around $91,000-$92,000, with its price action indicating that the market is in a correction phase. It is unclear whether Bitcoin can stay above this level, which is being tested by short-term holders, miners, and market participants.

Zcash (ZEC) has seen a significant price increase, jumping 12% in the last 24 hours to around $670 after a previous drop. This surge is attributed to large investments from institutions like Cypherpunk Technologies, who have acquired a substantial amount of ZEC and plan to increase their holdings. Prominent figures like Arthur Hayes have also publicly supported Zcash, predicting a potential rise to $1,000. The upcoming halving in November 2025, which will reduce the amount of new ZEC created, is also expected to drive the price up due to scarcity. Technically, Zcash is showing signs of a potential breakout, with analysts pointing to a possible rise to $956 if it breaks past the $690 level. There's also a belief that a coordinated effort within the crypto industry is promoting Zcash's focus on privacy, which could further boost its value.

The U.S. Securities and Exchange Commission (SEC) is holding a roundtable discussion on December 15th to address growing worries about privacy in the cryptocurrency world. This comes amid recent events like the Tornado Cash developer case and the Samourai Wallet developer sentencing, which have made investors more aware of privacy issues. The discussion will include crypto industry leaders and SEC officials who will discuss challenges and potential solutions, though no specific policy recommendations will be given. The focus on privacy stems from the original ideas of cypherpunks who wanted to use cryptography to protect online privacy and freedom. Legal experts have expressed concern that recent cases could set a bad precedent for privacy technology in the U.S. While some believe prosecutions are aimed at preventing the creation of tools that protect user privacy, the Department of Justice has stated it will not prosecute open-source developers simply for writing code without malicious intent.

A former U.S. Attorney denied in court that she promised immunity to Michelle Bond, the former partner of ex-FTX executive Ryan Salame. Bond is facing campaign finance charges related to $400,000 in funds allegedly connected to FTX used for her 2022 U.S. House campaign. Bond is seeking to have her charges dismissed, arguing prosecutors induced a guilty plea from Salame. Salame is serving a seven-and-a-half-year prison sentence. Other FTX executives, Caroline Ellison, Nishad Singh, and Gary Wang, have also received sentences. Sam Bankman-Fried, the former CEO of FTX, was sentenced to 25 years in prison and is appealing his conviction. Speculation has arisen regarding a potential presidential pardon for Bankman-Fried, with Polymarket data showing a 12% chance.

A banking trojan called Eternidade Stealer is spreading through WhatsApp in Brazil, targeting crypto wallets and financial accounts. The malware tricks users into clicking malicious links, which then hijacks their WhatsApp account and steals login information for banking apps and crypto exchanges like Binance, Coinbase, and MetaMask. Brazil is a major target because it ranks fifth globally in crypto adoption, with about $319 billion in crypto transactions in the past year. This trojan is hard to detect because it uses email accounts to receive instructions, blending in with normal internet traffic. Users should be cautious about clicking links on WhatsApp, keep their software updated, and use antivirus software to protect themselves. If an account is compromised, users should immediately freeze access to their financial and crypto accounts and report the breach.

Bitcoin's recent price drop shows a clear difference in trading behavior between the US and Asia. During US trading hours, there's been a lot of selling, pushing the price down, while Asian traders have been buying Bitcoin, often stabilizing or raising the price. This difference suggests different attitudes towards risk, with US traders being more cautious due to economic factors, while Asian traders see the dip as a buying opportunity. Institutional investors in the US also seem to be selling. However, some experts believe this is just a normal correction in a larger upward trend, not the end of Bitcoin's positive cycle. It remains to be seen whether US traders will change their attitude or if this divide will continue, with the market's future direction depending on overall economic trends and regulations.

Solana's price is showing signs of recovery, currently around $137.46, with potential to reach $160 based on technical chart patterns like a double-bottom formation. Solana is outperforming other major crypto assets, reclaiming trend levels and showing renewed buying interest. Bullish factors include Solana leading in app revenue and DEX volume, maintaining over 650 days of uptime, and the approval of Solana ETFs by major institutions like Fidelity and VanEck. On-chain trading volume of SOL/USDC has surpassed that of all centralized exchanges combined, indicating a preference for Solana's platform. A cup-and-handle pattern is developing, suggesting continued bullish structure as long as key support levels hold.

Analysts are observing signals that suggest an altcoin season might begin after a period of significant market decline, unlike previous cycles where altcoin surges followed periods of strength. The Altcoin Season Index is currently low, and only a small percentage (around 5%) of altcoin holders are in profit, indicating a deep market reset. Bitcoin's profit levels are higher than altcoins, creating a split not seen in previous cycles like 2017 or 2021. The altcoin market cap chart shows a pattern similar to past cycles where sharp drops were followed by rapid recoveries. Some analysts believe the early stages of an altcoin season may be forming, contingent on Bitcoin and Ethereum establishing clear bottoms. This potential altcoin season would be unique because altcoins bottomed out earlier than Bitcoin, which is still stabilizing.

Bitcoin is currently trading around $92,000 after facing selling pressure. An indicator called the Mean Reversion Oscillator, which historically signals potential bottoms during bull markets, has turned green, suggesting the correction phase may be ending. This signal appeared as Bitcoin consolidated above $90,000, indicating strong buying interest despite market fear. The oscillator's current reading aligns with past bull market retracements where it dipped into the green oversold zone before Bitcoin resumed its upward trend. NVIDIA's strong earnings report has also boosted confidence in the broader market, potentially benefiting crypto. The daily chart shows Bitcoin attempting to stabilize, with signs that selling momentum is decreasing around the $90,000-$92,000 range, suggesting a possible rebound.

The crypto market is experiencing persistent selling pressure, leading some experts to believe a large entity is being forced to liquidate its holdings. This selling is happening systematically during specific hours, primarily during U.S. trading hours, and may be a delayed consequence of liquidations that occurred around October 10th. This event could have exposed hidden losses for some firms. While no specific firm has admitted to losses, there are rumors of large trading firms with cross-collateralized altcoin books being liquidated. The market is currently trading under the weight of these forced liquidations, as firms reduce risk due to opaque exposures.

Zcash (ZEC) is experiencing a price surge, contrasting Bitcoin's recent decline. Zcash's price movement is largely independent of Bitcoin, showing a strong negative correlation of -0.78. This allows it to rise even when Bitcoin falls. Currently trading around $671, ZEC has increased by 65.5% this month. There's potential for ZEC to reach $1,000, a 49% increase, if it can overcome resistance levels at $700, $800, and $900. However, increased selling pressure could cause ZEC to fall to $600, or even $520, potentially reversing the current upward trend. Short sellers should also be aware that a climb to $788 could trigger the liquidation of approximately $51 million worth of short positions, potentially driving the price higher.

XRP has experienced a significant price drop, falling 16% in a week and approaching a critical $2 level. Trading activity has increased sharply, indicating rising pressure. Even the launch of a new XRP exchange-traded fund in the US couldn't stop the decline, influenced by a general downturn in the crypto market. Investor fear is high, with the Fear and Greed Index at a low point. If XRP falls below $2, further price decreases are expected, with potential drops to $1.75 and even $1.47. Futures trading in XRP has also decreased. Amidst this uncertainty, some traders are exploring new meme coin presales like Maxi Doge ($MAXI), which aims to build a trading community.

Despite a dip in the cryptocurrency market with Bitcoin fluctuating around $91,000 and Ethereum and BNB both down by 2%, the article highlights PEPENODE ($PEPENODE) as a potentially strong altcoin to buy. PEPENODE is an ERC-20 token launching a mine-to-earn platform and has raised $2.17 million in its presale. The platform allows users to earn tokens by building virtual mining rigs, rewarding them with Pepe and Fartcoin. PEPENODE holders can also stake their coins for a 594% APY. The presale is ongoing, with the token priced at $0.0011546, increasing every 3 days. It can be purchased with ETH, USDT, BNB, or fiat currency, with tokens distributed after the sale. The article suggests PEPENODE has the potential for significant growth, even in a fluctuating market.

The cryptocurrency Pudgy Penguins (PENGU) is showing signs of a potential price rebound after a recent decline. It's currently sitting at a support level around $0.00122, a point where it has previously seen rallies. Technical indicators suggest that selling pressure may be decreasing, and there's a possibility of a breakout if it can overcome resistance levels. There's increasing social media attention surrounding Pudgy Penguins, which could positively influence its price. If it maintains its current support, analysts predict potential price targets of $0.018 and $0.023, but a drop below the support level would negate the potential recovery.

Shiba Inu has launched a crypto debit card in collaboration with Bitget wallet, aiming to increase real-world adoption of the SHIB token. The card allows users to spend up to $400 per month without fees for conversion or foreign exchange. As an incentive, the first 100 users of the card will receive a share of approximately 115 million SHIB tokens, while subsequent applicants will get $5 in SHIB until November 26. Despite this, SHIB still trades significantly below its all-time high, and its Shibarium platform has struggled to maintain users and activity. Technical indicators, however, suggest potential buying pressure, and a breakout could lead to price increases, contingent on the card's success in attracting new investment. Another meme coin, Maxi Doge ($MAXI), is gaining attention, raising nearly $4.1 million in its presale and offering staking rewards to early investors.

Crypto analyst Will Taylor of Cryptoinsightuk believes talk of an XRP bear market is premature. He argues that XRP is still trading above a reclaimed multi-year resistance level, which is now acting as structural support. He points out that XRP has been above this level for over a year, holding it as support, a setup he considers almost unprecedented. Taylor uses Bitcoin as a reference, suggesting its current drawdown is a standard bull-market correction. He highlights the concentration of liquidity above XRP's current price, particularly around $4.20-$4.30, suggesting the price is likely to move towards these areas. He also notes XRP's relative strength against Ethereum and Bitcoin, with XRP breaking above key resistance levels against both. According to him, the large liquidation event in crypto history on October 10 failed to push XRP into a sustained breakdown, which is a bullish sign. Taylor maintains that an XRP bear market would require a loss of the long-term support zone and a different liquidity and dominance picture. Currently, XRP is trading at $2.11.

A Ripple engineer has announced that the XRP Ledger may explore the addition of native staking. This potential development aims to enhance XRP's role in institutional finance and asset settlement. The engineer, J. Ayo Akinyele, Head of Engineering at RippleX, stated that the XRP ecosystem is entering a new phase of growth with increasing institutional adoption of digital products. He and Ripple's CTO, David Schwartz, are discussing how native staking could work on the XRP Ledger. Unlike other blockchains, XRP burns transaction fees instead of redistributing them, and validators have equal voting power regardless of their XRP holdings. Any implementation of native staking would require careful consideration of reward sources and distribution methods. The primary focus is currently on assessing how this feature can shape XRP's future, and the community has been invited to share their thoughts.

Tether, the company behind the USDT stablecoin, has significantly increased its gold reserves to 116 tons. This amount of gold is now comparable to the holdings of some smaller central banks globally. This move highlights Tether's strategy of diversifying its reserves beyond traditional assets and potentially strengthens the backing of its USDT stablecoin.

Over 65 crypto organizations have jointly appealed to President Trump to drop the charges against Roman Storm, a developer of Tornado Cash, who was convicted on one count of conspiracy to operate an unlicensed money transmitting business, with a mistrial declared on more serious charges. The crypto groups argue that Storm's work is open-source software development and not a money service operation. They are requesting the Department of Justice dismiss the remaining charges. The letter also calls for regulatory and tax clarity from the Treasury, IRS, SEC, and CFTC regarding staking, mining, cross-chain transfers, crypto-backed loans, and digital asset donations. They want confirmation that using crypto as loan collateral is not taxable, and that digital asset donations get the same tax treatment as stock donations. Updated FinCEN guidance reaffirming that noncustodial blockchain software falls outside the Bank Secrecy Act is also requested. The appeal comes amid increased executive focus on digital assets and follows pardons issued to other prominent figures in the crypto sector by President Trump.

Tether, the company behind the largest stablecoin USDT, has acquired Parfin, a digital asset custody platform based in London and Rio de Janeiro. This acquisition is part of Tether's strategy to expand its presence in Latin America, a region with rapidly growing crypto adoption. Parfin specializes in custody, tokenization, and settlement services, which will enhance Tether's blockchain capabilities in the area. Tether aims to increase the use of USDT among institutional clients in Latin America, leveraging Parfin's existing relationships with financial institutions like banks and asset managers. Latin America's crypto transaction volumes are significant, reaching almost $1.5 trillion by October 2025, with stablecoins like USDT being used for remittances and cross-border payments due to their speed and lower costs, particularly in countries with high inflation.

Bitcoin's price has dropped to a six-month low of $88,634 after reaching a high of $126,080 in October. Some analysts believe that altcoins like XRP, Zcash, and Pi Network could perform well in the coming months. XRP is currently the fourth-largest cryptocurrency with a market capitalization above $124 billion, with its price increasing by 81% over the past year. Zcash, a privacy-focused coin, has increased by 1,480% over the last 12 months and is trading near $686. Pi Network has seen a 3% increase in the past 24 hours and developers are working on launching its mainnet. Bitcoin Hyper, a new Bitcoin layer-2 protocol, has raised over $28 million in its presale.

Perplexity AI forecasts potential price drops for XRP, Solana, and Dogecoin. XRP could fall to $1 by Christmas, a 50% decrease from its current price, although potential ETF approvals could push it to $5 by 2026. Solana is predicted to rise slightly to $135 by the new year, despite a recent surge to $250 and potential for $380 in a bull-case scenario. Dogecoin could drop to $0.11 by year's end, a 25% decrease, but could reach $0.33 in a more positive scenario. Meanwhile, a new meme coin called Maxi Doge is gaining traction, having already raised nearly $4.2 million in its presale.

World Liberty Financial (WLFI), a crypto token, froze approximately $22.1 million worth of its tokens after a pre-launch phishing attack compromised some user wallets. The project burned and reallocated 166.667 million WLFI tokens from 272 affected addresses, requiring users to complete a renewed KYC verification process to recover their funds. This decision sparked controversy within the community, with some supporting the move as a necessary security measure, while others criticized it as an overreach that undermines decentralization. High-profile figures like Justin Sun also experienced temporary freezes, adding to the uncertainty. While WLFI insists it's protecting users and focusing on future development, the price of the token remains about 40% below its initial launch price, reflecting investor concerns about the project's control over user funds.

Cardano's price is currently falling, and its co-founder Charles Hoskinson believes that the rapid crypto market growth during the Trump era has disrupted the normal market cycles, negatively impacting Cardano's potential for growth. He argues that speculative trading has thrown off the usual four-year pattern. Despite this, Cardano is holding above a key support level of $0.51, with potential for a bounce. If it drops below, it could fall to around $0.33. However, a bounce could lead to a potential rise to $1.35 or even $3 if market conditions improve. An alternative investment option, PepeNode, is presented as a way to earn meme coins through virtual mining, with its presale already exceeding $2.1 million.

Over 65 crypto companies and organizations, including major players like Ethereum, Solana, and ZCash, have sent a letter to President Trump asking for clearer rules and regulations for the crypto industry in the United States. They want more explicit guidelines on how crypto is taxed, how financial innovation in crypto should be handled, and how developers of crypto technologies should be protected from legal issues. The companies emphasize that different government agencies like the SEC, IRS, and CFTC need to work together to create consistent rules and reduce uncertainty. Specifically, they are seeking guidance on crypto taxation, regulations for stablecoins and decentralized finance, and protection for developers working on decentralized applications to ensure they aren't unfairly prosecuted.

Bitcoin has fallen 31% from its high on October 6th, showing it can be unstable when the market drops. Investors are selling off risky investments like Bitcoin to get cash. Bitcoin is not acting like a safe investment in times of market stress, unlike gold, which is holding its value. According to Fidelity's Jurrien Timmer, Bitcoin is behaving like other high-risk assets, falling hard during market sell-offs. Bitcoin's value is closely tied to the availability of easy money, making it sensitive to changes in monetary policy.

Bitwise has launched a spot XRP Exchange Traded Fund (ETF) on the New York Stock Exchange (NYSE). This means investors can now buy shares that represent ownership of XRP, the cryptocurrency, without directly holding the cryptocurrency itself. The launch provides a new avenue for investment in XRP through a regulated and traditional financial instrument.

According to VanEck, a recent Bitcoin sell-off was primarily driven by wallets that had held Bitcoin for a moderate amount of time, categorized as 'mid-cycle' wallets. In contrast, larger, long-term Bitcoin holders, sometimes referred to as 'whales', largely maintained their Bitcoin holdings during the same period. This suggests a divergence in behavior between different types of Bitcoin investors during the market downturn, with newer or less committed investors selling off while long-term holders remained steadfast.

Coinbase has launched a new service allowing US customers (excluding those in New York) to borrow USDC using their Ether (ETH) as collateral. This means users can get loans without having to sell their ETH. The service is powered by the Morpho DeFi lending protocol and allows borrowing up to $1 million in USDC. Interest rates and liquidation risks will vary based on market conditions. Coinbase plans to expand this service to include other assets like staked Ether (cbETH) in the future. Coinbase's on-chain lending markets have already processed over $1.25 billion in loan originations backed by $1.37 billion in collateral. Coinbase is also expanding its services in other areas, including token sales and partnerships.

Spot Bitcoin ETFs collectively saw inflows of $75 million, halting a five-day period of net outflows. This indicates renewed investor interest in these investment vehicles that track the price of Bitcoin. The positive inflow suggests a potential shift in market sentiment after a period of selling pressure.

Metaplanet, a company that shifted from hotel operations to accumulating Bitcoin, is planning to raise $135 million through the issuance of preferred equity. The company intends to use the raised capital to purchase additional Bitcoin. This move signals Metaplanet's continued commitment to its Bitcoin-focused strategy, aiming to increase its holdings of the cryptocurrency.

The article discusses the hypothetical scenario of XRP surpassing Bitcoin in market capitalization. Currently, Bitcoin's market cap is about $1.84 trillion, while XRP's is around $128.7 billion. To equal Bitcoin's current market cap, XRP would need to reach a price of approximately $30.61 per token. To match Bitcoin's all-time high market cap, XRP would need to climb to about $41.26. This calculation is based solely on market capitalization and does not account for changes in circulating supply or other factors. The article mentions increased activity in the Ripple ecosystem, including new partnerships and the potential for Spot XRP ETFs, with Bitwise recently launching its own Spot XRP ETF.

The Abu Dhabi Investment Council (ADIC) significantly increased its investment in BlackRock's iShares Bitcoin Trust (IBIT) during the third quarter, nearly tripling its holdings to about 8 million shares by September 30, valued at approximately $518 million. This increase occurred just before Bitcoin reached new highs in early October. Subsequently, the IBIT ETF experienced a record single-day outflow of about $523 million in November as Bitcoin's price declined from its October peak. ADIC's initial increase indicates a growing interest in Bitcoin as a legitimate asset class among institutional investors, while the later outflow highlights the potential risks and volatility associated with large ETF positions.

MegaETH, a new Ethereum Layer 2 network, is about to finalize its initial coin offering (ICO) allocations. On November 25th, they will launch a pre-deposit bridge for users who registered for the ICO through Sonar. This allows users to deposit funds early into the network. Pre-depositors may receive points toward a MegaETH rewards campaign. This campaign will distribute 2.5% of the MEGA supply to early users. The MegaETH ICO previously attracted $1.4 billion in commitments competing for a $50 million allocation.

XRP's price has dropped by 5% this week, despite the launch of a Bitwise XRP ETF and the upcoming launch of Grayscale's XRP Trust ETF and Franklin Templeton's XRP ETF next week. This decline is primarily attributed to large XRP holders (whales) selling off their holdings. Over the past 48 hours, these whales have sold over 250 million XRP tokens, worth over $528 million. However, new XRP addresses have also surged, driven by the new ETFs, suggesting increased participation in the network. XRP is currently trading around $2.11, holding support at $2.08. Its future price stability hinges on whether inflows from new users can offset the ongoing whale sell-offs. A break below the $2.08 support level could lead to further declines.

Crypto lobbyists are reportedly engaging with Donald Trump, suggesting he could advance crypto-friendly policies amidst perceived gridlock in Congress. The lobbyists are trying to convince Trump that he can take actions related to crypto regulation and adoption, potentially bypassing the need for legislative action. This outreach aims to capitalize on the current uncertainty in Congress to potentially shape crypto policy through executive action.

Bitcoin's price fell to $86,400, a new monthly low, after initially rising due to Nvidia's positive financial forecast. An analyst, Cas Abb, believes Bitcoin will likely trade between $85,000 and $100,000 for the next 3 to 4 weeks, similar to a pattern observed earlier in the year. This pullback and the previous one were both caused by widespread worries about the economy impacting both technology stocks and cryptocurrencies. Bitcoin's weekly RSI (Relative Strength Index) indicates it's oversold, potentially leading to a price increase towards $98,000 to $100,000. However, another analyst, AlejandroBTC, cautions that Bitcoin breaking down from a rising wedge pattern could lead to further price drops in the short term.

Michael Selig's nomination to become the chairman of the Commodity Futures Trading Commission (CFTC) has moved forward after a 12-11 vote in the Senate Agriculture Committee. The full Senate will now vote on his confirmation. This is happening while Congress is considering giving the CFTC more power to regulate digital assets like cryptocurrencies. During his hearing, Selig said he would assess the CFTC's funding needs if confirmed and emphasized the importance of clear crypto regulations to protect consumers and encourage innovation. Senators questioned if the CFTC, which currently has 543 employees compared to the SEC's over 4,000, has enough resources to take on more responsibilities. Selig also stated he would prioritize consumer protections and fair markets in any new crypto rules, advocating for strong compliance standards for exchanges.

Kyrgyzstan has launched USDKG, a new stablecoin backed by the country's gold reserves and pegged to the U.S. dollar. The initial release includes 50 million tokens on the Tron blockchain. The launch was led by President Sadyr Zhaparov, with the coin issued by OJSC Issuer of Virtual Assets, a fully state-owned entity. Each USDKG token is equivalent to one U.S. dollar, supported by physical gold. The project aims to modernize Kyrgyzstan's financial infrastructure, attract investors, and facilitate collaboration between the public and private sectors using blockchain. The stablecoin is separate from the country's central bank digital currency plans and is backed by an initial $500 million in gold reserves, with plans to increase this to $2 billion. Kyrgyzstan emphasizes that USDKG is unrelated to the ruble-pegged A7A5 coin and complies with financial regulations to avoid sanctions evasion. The government plans to list the token on centralized and decentralized exchanges and promote it to international investors.

Bitcoin ETFs have ended a five-day losing streak. Bitcoin's price has increased, returning above $92,000.

JPMorgan has warned that Strategy (MSTR) might be removed from MSCI indices after a review on January 15th. This potential removal could trigger roughly $2.8 billion in passive outflows from the stock. If other index providers follow suit, an additional $8.8 billion of exposure could be affected. JPMorgan suggests that Strategy's large Bitcoin holdings and corporate structure are factors influencing this decision, as its profile now more closely resembles an ETF than a typical software company. The removal could hurt the stock's liquidity, reputation, and appeal to institutional investors. Strategy's stock price has already fallen to levels not seen since the pandemic, reflecting market anticipation of the possible index exclusion. MSCI's upcoming review will determine Strategy's final status, prompting index fund managers to prepare for potential portfolio adjustments.

Dinari, a platform with approximately $45 million in total value locked, is integrating LayerZero to enable its tokenized U.S. stocks, called dShares, to be traded and settled across different blockchains. The initial launch will cover 200 tokenized U.S. stocks across four blockchains. Dinari plans to expand this offering to LayerZero's network of over 150 blockchains, eventually encompassing the entire U.S. stock market. Each dShare is backed one-to-one by the actual stock. LayerZero's technology allows these tokens to move between blockchains without needing to create separate versions of the token on each chain.

MicroStrategy (MSTR) stock has fallen to a new 52-week low of $173.55, reflecting a decline of over 40% in 2025 and 62% in the past year. This drop coincides with Bitcoin's dip below $88,000. MicroStrategy intends to continue selling MSTR stock through 2030 to fund operations, but the current stock price may make this difficult. The company's Bitcoin holdings are now largely underwater, as Bitcoin's price is below MicroStrategy's average acquisition cost of $74,000. The value of MicroStrategy as a company has fallen below the net value of its Bitcoin holdings, leading to investor concern and lack of confidence. MicroStrategy also issued preferred shares to support operations, but these shares have also decreased in value, putting pressure on their financing instruments.

Kalshi, a prediction market platform, has raised $1 billion in funding. This funding round values the company at $11 billion. The company is involved in a competitive race within the prediction market sector.

The likelihood of the Federal Reserve cutting interest rates in December has significantly decreased after a strong September jobs report showed more hiring than expected. The probability of a rate cut dropped from 97% in mid-October to around 22-41%. This shift suggests the Fed is likely to hold rates steady at its December meeting. The government shutdown has also made it harder for the Fed to assess the economy, as the October jobs report is delayed and will be combined with November's data, leaving policymakers without recent labor market information. With the economy still adding jobs and inflation remaining at 3%, many now anticipate the Fed will wait until January 2026 to potentially resume cutting rates. If the Fed does not cut rates in December, borrowing costs for consumers are likely to remain high into early 2026, potentially impacting consumer sentiment. The current federal funds rate remains at 3.75% to 4%.

Ethereum's price is currently around $3,024, having decreased by approximately 1.4% in the last 24 hours. Technical analysis suggests that if Ethereum holds above the $3,000 support level, it could potentially rally towards $3,300-$3,400. However, a drop below $2,950 could signal a weakening of this bullish trend. Several indicators, including the Relative Strength Index and MACD histogram, suggest potential upward momentum. The ETH/USD chart is forming a falling wedge pattern, which often precedes breakouts. Traders are advised to watch for a breakout above $3,100 as confirmation before taking large positions. Various risk factors exist that could influence Ethereum's price including Bitcoin's performance and broader market liquidity. A cryptocurrency trader projects a rise to $3,300 before a pullback to $2,600. At press time, Ethereum was trading at $3,037.33, down 1.38% in the last 24 hours.

Ripple recently moved 200 million XRP, worth about $445 million, from a wallet linked to them to an unknown address. This large transfer has caused speculation in the crypto market about whether Ripple plans to sell off a large amount of XRP. Ripple controls a large percentage of the total XRP supply, so any big transfers can worry investors. However, some observers point out that large transfers don't always mean a sell-off, and could be for internal reasons. At the same time, data shows that large XRP holders, called whales, have actually bought over $2.36 billion worth of XRP in the past week, suggesting they might be preparing for the long term. This increase in whale buying could help stabilize the XRP price, which is currently in a downtrend.

Dogecoin is currently trading near the lower end of its long-term price range, a level that has historically led to strong rallies. An analysis suggests Dogecoin could either stabilize and rebound, or slowly increase in value over time. The direction of Bitcoin and the overall market could significantly influence Dogecoin's movement. Recently, a bearish signal known as a Tenkan-sen cross triggered a sharp sell-off in Dogecoin. Subscribers to a trading alert service were notified of the signal before the price drop, allowing them to profit from the decline.

XRP's price has fallen to around $1.99, with trading volume increasing significantly. This decline is happening because large XRP holders, known as whales, have sold off 190 million coins in the last two days. Despite this selling pressure, there's still optimism that XRP could recover, especially with companies like Grayscale and Bitwise planning to launch XRP ETFs. To move higher, XRP needs to break through the $2.75 resistance level, but if it falls below the $2 support, it could drop further to $1.50. The futures market shows traders are less willing to take risks on XRP right now.

Polymarket and Kalshi, prediction market platforms, are expanding into web3 and sports betting, attracting significant investment and partnerships. Intercontinental Exchange (ICE) has committed up to $2 billion to Polymarket, valuing it at over $12 billion. Kalshi's valuation is above $10 billion. Both companies are competing for partnerships with major sports leagues, with the NHL being the first to partner with both. Donald Trump Jr. is advising both companies, and Trump Media is developing a prediction platform. These platforms allow users to bet on real-world events, leading to regulatory debates about whether they operate as financial instruments or gambling. Concerns are being raised by state gaming agencies and Native American tribes about potential risks to consumers and the circumvention of gambling regulations. Despite smaller trading volumes compared to traditional exchanges, major players like CME Group, DraftKings, and Penn Entertainment are exploring or entering the prediction market space. Polymarket recently re-entered the U.S. market by acquiring QCX, a derivatives venue, for $112 million.

Ethereum briefly fell to $2,870, a price level considered a potential bottom by some analysts because it aligns with the average purchase price of many investors. Historically, this area has attracted long-term investors while short-term traders sell. Smaller Ethereum wallets have been selling, but larger wallets holding over 10,000 ETH have been buying more. This shift of coins to long-term holders often happens near market bottoms. Ethereum's leverage ratio on Binance exchange is high, which means the market could move sharply in either direction. Analysts are watching for Ethereum to potentially rise to between $3,270 and $3,360 to fill a price gap.

Polymarket, a decentralized prediction market, is aiming for a $12 billion valuation as it seeks to raise more funding. This follows a period of rapid growth, with the platform exceeding $3 billion in total trading volume in October and projected to reach $3.5 billion in November. A significant portion of November's volume, nearly $430 million, was attributed to interest in the NYC Mayoral election.

Andrew Tate lost approximately $727,000 on the Hyperliquid crypto platform due to leveraged trading, with his account balance reaching zero on November 18th. He initially deposited $727,000 over the past year and never made any withdrawals. The losses were due to a strategy of high leverage, a low win rate of around 35%, and repeatedly re-entering losing trades. Even the $75,000 in referral commissions he earned from bringing other traders to the platform was reinvested and lost through liquidations. His trading activity, including entries, margin calls, and liquidations, was publicly visible due to Hyperliquid's on-chain settlement system and Tate's own habit of posting about his trades. Over a span of approximately a year, he ultimately lost his entire deposit.

The Senate Agriculture Committee has moved forward with the nomination of Michael Selig to become the next Chairman of the Commodity Futures Trading Commission (CFTC). This is a significant step in the confirmation process. The CFTC plays a crucial role in regulating the derivatives markets, which include some cryptocurrency products. Because Selig is considered to be pro-crypto, his potential leadership at the CFTC could lead to a more favorable regulatory environment for the cryptocurrency industry in the United States.

India's Enforcement Directorate (ED) is investigating a cyber-fraud operation where approximately 285 crore was stolen through fake mobile apps and fraudulent e-commerce platforms. The scammers used WhatsApp and Telegram to recruit victims with promises of quick commissions, directing them to fake websites where they were instructed to make simulated purchases and sales. Victims initially deposited small amounts, building trust before being asked for larger sums. When victims tried to withdraw funds, they were blocked and asked for more fees. The ED has frozen 8.46 crore across 92 bank accounts and some crypto wallets, including those connected to CoinDCX. The fraud involved using the Binance peer-to-peer marketplace to buy USDT (Tether) with money from illicit deposits. Some of the stolen funds, about 4.81 crore, were converted into USDT via CoinDCX accounts that didn't require proper identification or verification.

Bitcoin has fallen below $90,000 for the first time in seven months, contributing to a wider cryptocurrency market downturn where total market capitalization decreased by 2% to $3.08 trillion. Bitcoin itself is down 2.5% for the day and 12.7% for the week, with Ethereum also dropping 14% over the same period and XRP declining by over 17%. Bitcoin ETFs are experiencing struggles, with nearly $3 billion in outflows recorded in November. While some ETFs, like BlackRock's IBIT, saw inflows, others from Fidelity and VanEck, posted outflows. Large Bitcoin holders, including early adopters, have been selling off significant amounts of their holdings through exchanges like Kraken. Market analysts are noting reduced liquidity and resistance levels for Bitcoin to regain bullish momentum amid uncertainty surrounding Federal Reserve decisions.

Crypto.com is partnering with VerifiedX to provide secure storage, multi-user permissions, customizable governance workflows, and OTC trading capabilities for $1.5 billion worth of digital assets. The goal is to improve the safety and accessibility of storing and moving large amounts of crypto, aiming to make it simpler and safer for everyone. This partnership allows VerifiedX to move assets faster, improve access to liquidity for clients, and facilitate large transactions without delays, ultimately enhancing trust and flexibility. By focusing on compliance, security, and scalability, the partnership seeks to attract more institutional investors and promote stability within the decentralized finance market.

Decentralized finance lending reached a new high at the end of the third quarter, with total active loans on DeFi applications approaching $41 billion. According to Galaxy Digital's Q3 State of Crypto report, DeFi borrowing increased by roughly $14.5 billion, which is almost 55%, during the third quarter, mirroring growth in centralized crypto lending.

A second XRP exchange-traded fund (ETF) launched in the US today on the New York Stock Exchange under the ticker XRP, following Canary Capitals' launch last week. Bitwise, the company behind the new ETF, considers it a significant event for the XRP community. Within hours of its debut, the Bitwise XRP ETF reached nearly $22 million in trading volume. Canary Capitals, which launched its own XRP ETF last week with a record-breaking $60 million trading volume on its first day, congratulated Bitwise. Despite the launch of these two ETFs, the price of XRP has fallen. It's down 2% in the last 24 hours, dropping below $2.00, and has decreased by 15% since Canary Capitals' ETF launched last Thursday.

The article discusses a decline in the prices of several cryptocurrencies, including XRP, Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Without providing specific numbers on the price drops, the article's main subject is the fact that these cryptocurrencies are experiencing a price crash. It does not go into any reasons for this, but instead presents the central point of the mentioned cryptocurrencies' recent price decreases.

Imports from China to the United States have significantly decreased, impacting container volumes at major ports. The Port of Long Beach reported a 16% drop in China imports across various sectors like electronics, furniture, and toys. Truckload pricing has also declined, reflecting weaker demand. This downturn is attributed to tariffs, reduced consumer spending expectations, and a shift away from purchasing physical goods. Consequently, freight orders are falling, with projections indicating a continued decrease in U.S. imports. The decline in container volumes is putting pressure on railroads, trucking, warehousing, and port labor, potentially leading to job losses and reduced earnings for longshoremen. Tariffs on goods from other countries like India are further contributing to the strain.

Worldcoin (WLD) is currently trading around $0.67, showing signs of potentially stabilizing after a period of decline. Open interest in the derivatives market has slightly increased to about 86.88 million, suggesting traders are cautiously returning. While the price has dipped slightly by 1.04% in the last 24 hours, its market capitalization remains substantial at $1.57 billion, with a trading volume of $115.9 million. Technical indicators suggest that selling pressure may be easing, with the price fluctuating between $0.62 and $0.70. The coin needs to maintain levels above $0.70 to build further confidence, while a drop below the $0.62-$0.64 range could lead to renewed selling pressure.

Bitcoin's price fell to $86,000, a level not seen since April. This drop coincided with a significant sale by a long-time Bitcoin holder (an "OG whale") named Owen Gunden, who has been selling off their Bitcoin holdings since October. Gunden sold 11,000 BTC, worth $1.3 billion in total, and recently transferred $230 million worth of Bitcoin to the Kraken exchange, marking the completion of their sale. This selling activity contrasts with other whales who have been buying Bitcoin during its recent price decline. The price drop has also resulted in the liquidation of over $410 million in Bitcoin long positions in the last 24 hours and nearly $900 million across the crypto market, with the largest single liquidation order being over $30 million on the HTX exchange. Analysts are now watching key support levels, including a whale buying wall at $85,000, and a 200-day moving average at $55,000, as potential points where the price decline might stop.

Dave Portnoy, the founder of Barstool Sports, has invested $1 million in XRP, along with $750,000 in Bitcoin and $400,000 in Ethereum, despite XRP's recent price decline of approximately 15% over the past week. This purchase is viewed as a contrarian move. Some see Eric Trump's comment on Portnoy's post as a hint of potential positive developments for XRP. Market analyst Barri C predicts a rapid surge in XRP's value. Bitwise Asset Management is launching a spot XRP ETF on the NYSE, waiving the 0.34% management fee for the first month on the first $500,000,000, which may attract institutional investors. Portnoy's investment may be a strategic bet on institutional adoption and potential price increases due to these new market drivers.

Cardano is facing criticism for low network activity compared to its market size, leading some to call it a "ghost chain." Key concerns include low stablecoin supply (around $30 million) and limited usage in its DeFi ecosystem, with only one DEX and one lending protocol seeing minimal daily users. An analyst points out that Cardano raised $62 million but seemingly generates zero revenue and has very low transaction throughput. Despite a $21 billion valuation, a significant portion of the ADA supply remains uncirculated, and staking rewards continue to enter the market without a burn mechanism. Cardano founder Charles Hoskinson attributed low DeFi engagement to the 1.3 million users involved in staking. Cardano currently ranks 25th in total value locked (TVL), with about $215.51 million across 61 protocols. The price of ADA is currently $0.1581, down 0.5% in the last 24 hours, with larger drops of 10% and 18% over the past week and month, respectively.

A report by Kerberus indicates that scams targeting people are now the biggest danger in Web3, leading to significant financial losses. These scams exploit psychological tricks and are becoming more sophisticated, bypassing traditional security measures. In the first half of 2025, over $3.1 billion was lost to hacks and scams, with human-targeted attacks accounting for a large portion of the remaining losses. Even experienced users are vulnerable because they interact with more applications and larger amounts of money, making them high-value targets. The report suggests users should pause before signing transactions, separate their high-value assets from everyday activities using multiple wallets, and use real-time transaction protection tools.

JPMorgan has cautioned that MicroStrategy (MSTR) could be removed from key MSCI equity indexes as early as January 15, 2026. This could trigger approximately $2.8 billion in passive outflows, with another $8.8 billion at risk if other index providers follow suit. MicroStrategy's inclusion in indexes like the Nasdaq 100, MSCI World, and MSCI USA has allowed indirect Bitcoin exposure in institutional and individual portfolios, which could be reversed by a removal. MicroStrategy also recently missed being added to the S&P 500 due to factors like earnings volatility and being classified as a software company. Separately, MSCI announced additions and deletions to various indexes, including the MSCI ACWI Index, adding 69 securities and slashing 64.

21Shares, a major provider of crypto Exchange Traded Products (ETPs), has expanded its offerings on Nasdaq Stockholm by listing six new crypto ETPs. These include ETPs for Aave (AAVE), Cardano (ADA), Chainlink (LINK), and Polkadot (DOT), as well as two crypto basket index ETPs. This brings their total number of crypto ETPs listed on Nasdaq Stockholm to 16. The company says this move is in response to strong demand from Nordic investors for simple, low-cost ways to invest in crypto through regulated exchanges. 21Shares manages approximately $8 billion globally and offers physically backed products held by institutional-grade custodians.

Kyrgyzstan has launched USDKG, a gold-backed stablecoin pegged to the U.S. dollar, issuing 50 million tokens on the Tron blockchain. Each token is equivalent to one U.S. dollar. The government aims to attract investments and enhance its presence in the global financial ecosystem, supporting Web3 development and strengthening public-private sector interactions. The launch follows earlier announcements in November and May, clarifying that USDKG is separate from the country's central bank digital currency project. The USDKG stablecoin launch comes amidst concerns about another stablecoin, A7A5, pegged to the Russian ruble, which is allegedly used to circumvent financial restrictions and has led to sanctions against Kyrgyz entities.

Metaplanet has introduced a new financial instrument called MERCURY, aiming to raise approximately $150 million from institutional investors. MERCURY is a type of preferred equity with a fixed dividend of 4.9% and an option for holders to convert it into common stock at a set price. This new equity is positioned below the company's MARS preferred shares but above common stock in terms of priority. The launch occurred when Metaplanet's market value relative to its Bitcoin holdings (mNAV) was below a key level, raising concerns about potential dilution of existing shareholders' value. While MERCURY doesn't have immediate liquidation risks like debt, it adds about $7-8 million in annual fixed costs. The company currently holds a significant amount of Bitcoin (around 30,823) and has existing debt, but its loan-to-value ratio is relatively low, providing some buffer against Bitcoin price drops. However, risks could arise if Metaplanet significantly increases its debt during a Bitcoin price peak, followed by a substantial market downturn. This also highlights broader concerns for companies holding Bitcoin, as many are trading below their net asset value, potentially creating difficulties in raising capital and managing debt in a bear market.

AVAX One, a company backed by Anthony Scaramucci, has approved a $40 million stock buyback program. This means the company will use $40 million of its funds to purchase its own shares from the open market, potentially increasing the value of the remaining shares. The buyback aims to return capital to shareholders and signal confidence in the company's future prospects.

Roblox, despite having 150 million daily users, is struggling to generate significant advertising revenue. Developers are hesitant to incorporate ads because the payouts are very low, ranging from fractions of a cent to 55 cents per thousand views, while selling in-game items proves more profitable. Advertisers are also wary due to Roblox's young user base, with one-third being under 13, and strict regulations limit marketing to this age group. Although Roblox claims to block ads for younger users, some partnerships are accessible to children as young as five, raising concerns about blurred lines between gameplay and advertising. Roblox retains 70% of ad revenue, leaving only a small portion for developers, and advertisers are seeking better data to prove that ads lead to sales. While some brands have experimented with Roblox, many virtual spaces have been unsuccessful, and major ad agencies show limited client involvement on the platform, despite overall interest.

Michael Selig, former President Trump's nominee for the Commodity Futures Trading Commission (CFTC), has moved closer to being confirmed. He has cleared a key procedural hurdle, setting the stage for a full Senate vote. If confirmed, Selig will become one of the commissioners overseeing the CFTC, which regulates the derivatives markets, including those involving cryptocurrencies. His confirmation would impact the regulatory landscape for crypto derivatives and related financial products.

Representative Warren Davidson of Ohio introduced the Bitcoin For America Act, proposing that Americans be allowed to pay their federal taxes using Bitcoin. The bill stipulates that all Bitcoin collected would be placed into a Strategic Bitcoin Reserve, with annual sales capped at 5% and most funds held for a minimum of 20 years. Taxpayers using Bitcoin would pay based on its value at the time of transfer, and would not incur capital gains taxes. Bitcoin currently has a market value exceeding $1.75 trillion and is trading around $87,887, a 2% decrease on the day.

Bitwise has launched an XRP ETF, trading under the ticker XRP, on the New York Stock Exchange. This ETF allows U.S. investors to invest directly in XRP. The management fee is 0.34%, but Bitwise is waiving this fee for the first month on the first $500 million in assets. The ETF holds spot XRP, which is currently the third-largest cryptocurrency asset (excluding stablecoins) with a market capitalization above $125 billion. The XRP Ledger, XRP's underlying blockchain, has processed over 4 billion transactions with settlement times of about 3-5 seconds. Bitwise believes the ETF offers investors an opportunity to invest in XRP's payment technology and that regulatory clarity will boost adoption. This is Bitwise's second XRP-based product, with the first being a European-listed product in 2022. The new ETF is the 49th product in Bitwise's global suite.

Bitcoin's price fell below $87,000, reaching a seven-month low of around $86,300 before slightly recovering to about $87,300. This drop caused over $914 million in liquidations, primarily affecting traders who were betting on Bitcoin's price going up. Despite this downturn, there are signals suggesting a potential rebound. Bitcoin is currently testing a key price level, and historical data indicates that when retail investors are extremely fearful, the market often moves in the opposite direction. The Fear and Greed Index is at a yearly low, a level that has previously preceded bullish rebounds. Furthermore, with the U.S. government reopening, increased liquidity and potential Federal Reserve actions could also contribute to a Bitcoin price recovery, similar to what happened after the 2019 government shutdown.

PEPE's price has fallen significantly, dropping over 17% this week and breaking below a key support level of $0.0000059, now trading around $0.00000485. Analysts suggest this broken support now acts as resistance, indicating a continued bearish trend. One analyst predicts a potential further drop to around $0.00000178, an area where long-term buyers may show interest. The price is currently below several moving averages, signaling weakness, and indicators like MACD show no immediate signs of a trend reversal. Futures open interest has decreased sharply, showing reduced trader leverage, and spot exchange data reveals more tokens are leaving exchanges than entering, signaling reduced demand. Overall, PEPE is experiencing a downturn with indicators pointing towards further potential price decreases.

The Bitwise XRP spot ETF launched on the New York Stock Exchange on November 20, allowing investors to invest in XRP without directly owning it. Ripple CEO Brad Garlinghouse celebrated the launch, highlighting its potential to reshape how institutions move money. The ETF charges a 0.34% management fee, waived for the first month on up to $500 million in assets under management. At the time of the launch, XRP was trading around $2.08, down 0.14% over 24 hours. Analysts are watching key support levels between $2.02 and $2.06 and resistance near $2.17 and $2.18. The ETF offers a regulated way for both retail and institutional investors to access XRP, but investors should be aware of potential volatility and the fact that institutional buying may not immediately increase prices.

The U.S. government has approved Nvidia to export its chips to Armenia for an AI startup called Firebird, which plans to use them for a supercomputer project. This move is part of a U.S. strategy to use technology, specifically AI chips, as a tool for diplomacy and expanding influence in the region. The approval comes alongside similar approvals for AI chip sales to the UAE and Saudi Arabia. Separately, a peace agreement brokered earlier in the year granted the U.S. rights to develop a transit corridor across Armenia, potentially providing a direct route into Central Asia for accessing resources. These actions reflect a broader effort by the U.S. to increase cooperation with Central Asian countries and reduce the region's reliance on Russia.

Strategy's (MSTR) common stock price fell to a new 52-week low of $173.55, primarily due to the decline in Bitcoin's value. MSTR's share price has decreased by 40% year-to-date and over 62% in the past 12 months. The company's strategy of buying Bitcoin with funds raised from selling MSTR stock is now under pressure, as selling MSTR at these lower prices to buy more Bitcoin may not be viable. Strategy has previously used preferred share offerings to fund its Bitcoin purchases, but these shares are also declining in value. The company's market valuation has fallen below the value of its Bitcoin holdings, with a ratio of fully diluted value to net asset value at 0.98. Despite holding a significant amount of Bitcoin, concerns have arisen that MSTR could lose significant value. Executive chairman Michael Saylor stated that the company's strategy can withstand an 80% drop in Bitcoin's price.

Bitcoin's price has fallen below $90,000, and long-term holders are continuing to sell off their Bitcoin. This selling trend indicates a lack of confidence in the market. Typically, these holders would stop selling during corrections, but this isn't happening now, suggesting the price may fall further before they start buying again. As the price drops, more Bitcoin is being held at a loss, with over 6.96 million BTC in this situation. This is the largest level of unrealized loss since January 2024, and may create strong buying opportunities.

Crypto analyst Chad Steingraber predicts XRP could reach $220 due to the influence of Exchange-Traded Funds (ETFs). He believes institutional investment and market enthusiasm, similar to Bitcoin's surge after its ETF launch, could drive XRP's price up. Steingraber uses Bitcoin's post-ETF performance as a benchmark, noting its price doubled in the first year. He points to the Canary XRP ETF (XRPC)'s inflows as evidence of growing institutional interest. Steingraber suggests that potential ETF inflows could significantly reduce XRP's available supply, creating upward pressure on the price. He estimates that ETFs could purchase billions of XRP monthly, potentially draining the public supply within a year.