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With Bitcoin trading around $88,000, attention is turning to Michael Saylor's MicroStrategy and their average cost for Bitcoin. MicroStrategy added 8,000 BTC between November 10 and 16 at approximately $102,000. Sustained Bitcoin prices below MicroStrategy's overall average purchase price could pressure the company's balance sheet flexibility. The company's ability to continue buying Bitcoin relies on issuing securities, so the stock market's appetite for those securities is also a factor. Besides MicroStrategy's actions, factors like ETF flows, stablecoin supply, and order book depth also influence Bitcoin's price and market stability. MicroStrategy's toolkit is visible in filings, and market reports that describe common equity sales, preferred issuance, and a standing intent to continue using capital markets to add coins through 2027.

The article suggests Bitcoin market cycles are still relevant, predicting a potential bear market bottom that hasn't yet occurred, possibly in early 2026. A sharp, fast decline could push Bitcoin to around $49,000, attracting institutional buyers. Miner economics, including fee revenue and the shift to AI/HPC hosting, will play a key role. Low fees and stressed miners could lead to further price drops. ETF flows, miner revenue, and miner behavior (especially AI/HPC diversification) will determine the depth of the downturn. BlackRock's IBIT ETF saw a $523 million outflow, demonstrating flow elasticity. Fee revenue from inscriptions has declined. The base-case scenario is a $49,000 bottom in early 2026, contingent on specific conditions like low fee share (below 10-15%), new lows in hashprice, and negative ETF flows. A recovery depends on institutional buyers entering at lower prices. The article also outlines alternative scenarios: a 'soft landing' with a shallower dip, and a 'deep cut' potentially reaching $36,000-$42,000.

Solana's price is facing downward pressure, recently hitting a three-month low with almost 80% of its circulating supply currently showing losses for holders. Analysis of liquidity maps suggests potential upside targets at $120 and $145-$150 if the market shifts upward. Momentum indicators show early signs of strength, with potential for a relief bounce if the current support level holds. A descending channel pattern indicates a possible move towards $160-$165 if the $130 support remains intact. Overall, Solana is at a critical point where its next move depends on market conditions, particularly Bitcoin's performance, requiring traders to be cautious.

Grayscale and Franklin Templeton have launched spot XRP ETFs on the NYSE Arca, expanding access to regulated altcoin investments in the US. Grayscale also introduced the first US-listed Dogecoin ETF. To attract early investment, Grayscale is waiving management fees on its XRP and Dogecoin ETFs for the first three months or until assets reach $1 billion, after which a 0.4% fee will apply. Franklin Templeton's XRP ETF has a 0.2% annual fee, waived on the first $5 billion in assets until May 2026. These new ETFs aim to provide simpler exposure to XRP and Dogecoin, potentially driving institutional adoption and increasing market liquidity for these cryptocurrencies. Market observers anticipate that these ETFs may serve as a link between traditional markets and blockchain ecosystems, potentially leading to the launch of additional altcoin products.

Optimism (OP) is trading around $0.31, showing little movement after a recent price drop from $0.38. Trading activity, measured by open interest, is low, suggesting a lack of strong buying interest. The price is up slightly in the last 24 hours, but it's staying within a narrow range. Technical indicators like Bollinger Bands and MACD suggest that sellers are still in control, and the price needs to break above $0.38 with strong buying activity to signal a potential recovery.

Vitalik Buterin, the co-founder of Ethereum, has publicly criticized X (formerly Twitter) for its new feature that labels user accounts by country of origin. Buterin argues that this geo-inference system, which determines a user's location using data like IP addresses, poses a threat to privacy. He believes that while the feature is intended to increase transparency and combat misinformation, it's easily circumvented by sophisticated users who can fake their locations. Buterin predicts that this could lead to political manipulation and the spread of disinformation from accounts falsely appearing to be from specific countries. He suggests that geo-inference should be optional and transparent, with users having the ability to opt-out. Buterin has been a long time advocate for privacy in Ethereum, believing everyone should be able to use the network safely and anonymously. He has proposed new methods for private transactions using new tools, without changing the entire system.

X, formerly Twitter, has introduced a new feature that displays the country or region associated with user accounts. This update, intended to increase accountability and combat misinformation, cannot be disabled by users. The rollout has led to a reported increase in racism and targeted harassment on the platform, with some users being singled out based on their nationality. Concerns have also emerged within the crypto community, with prominent figures warning that the feature could increase the risk of kidnapping, extortion, and other crimes by making it easier to identify and target individuals with crypto holdings. Users fear that revealing even regional location data weakens a key layer of protection offered by anonymity and could expose high-value individuals to danger.

Federal Reserve Governor Christopher Waller stated he favors a rate cut in December, citing concerns about the weak labor market. He anticipates the Fed will likely assess the situation on a meeting-by-meeting basis starting in January due to the upcoming release of delayed economic reports. Traders currently estimate a 70% probability of a rate cut at the December meeting. Waller is also being considered to potentially replace Jerome Powell as Fed chair. Disagreements among Fed officials regarding future rate cuts have become apparent, while Powell has remained publicly silent since late October. This internal debate has caused market volatility, with the perceived likelihood of a December rate cut fluctuating significantly based on comments from various Fed officials.

Chainlink (LINK) experienced significant whale activity in the past three weeks, with large holders selling off 31.05 million tokens. This selling pressure coincided with a price decline, starting from $17.90 in late October and reaching $12.61 by November 24, 2025. Throughout November, the price showed some small recoveries, fluctuating between $14.05 and $16.36. Examination of Chainlink's inflows and outflows this year reveals high volatility in the first quarter of 2025, with large outflows. After April, inflows consistently outweighed outflows, contributing to a price increase that peaked above $25 in early August, before declining again in line with balanced inflows and outflows.

Crypto analyst Crypto Waterman, using Chinese astrology, predicts Bitcoin will surge starting December 5th after a bottom around November 28-29. He anticipates a rise to $100,000-$110,000 by mid-December, followed by a dip to $90,000-$100,000 until early January. After that, he expects another rally to $140,000-$145,000 by mid-February, a new all-time high. Waterman also expects altcoins to rally between January and February and plans to sell his holdings by early March. Another analyst, Colin, believes it's too early to predict a new all-time high, despite a recent Bitcoin rebound. He says Bitcoin needs to reclaim significant levels to reach a new all-time high, noting that reaching $100,000 on this bounce won't guarantee it.

Vitalik Buterin, the co-founder of Ethereum, has raised concerns about a new feature on X (formerly Twitter) that displays the country of origin for user accounts. He believes this feature is easily manipulated, where people can fake their location, which means it is not helpful in stopping manipulation and inauthentic behavior. Buterin argues that it's easier to create one fake account with many followers than many fake accounts and that this could be used to amplify the credibility of foreign influence accounts. He also highlights privacy risks, especially for users in sensitive regions, who could be exposed to harassment or surveillance due to the unintended revealing of location data. The Ethereum founder stressed that even a little leakage could be risky, and people should not have their privacy rugpulled with no recourse.

The TON cryptocurrency increased by 8% following announcements about the expansion of the Telegram ecosystem. This expansion includes the launch of new AI functionalities and the introduction of tokenized stocks within the Telegram platform.

Clash, a platform focused on tournaments, has released several updates. Player accounts now permanently save information, offer loyalty rewards, and include affiliate links. Weekly tournaments have grown to 265 competitors with top-ranked players participating. ClashPicks, a prediction market platform, is in development, offering both free and paid betting options using pClash (a free weekly currency) and $CLASH, with some pools accepting SOL. SOL fees will be converted to $CLASH and returned to the treasury. The Clash Mega Giveaway is ending soon, offering prizes like SOL, and NFTs.

Bitcoin recently experienced a major sell-off that caused liquidations (forced selling of leveraged positions) to reach levels similar to those seen during the FTX collapse in November 2022. However, unlike the FTX situation which was caused by fraud, this sell-off was triggered by excessive leverage in the market, with open interest reaching a peak of $47.5 billion, three times higher than the 2021 peak. While this deleveraging event caused short-term pain, some analysts suggest it could create a medium-term buying opportunity as it removes excess risk from the market. Following the liquidations, spot trading volume increased, indicating genuine buyers entering the market. It is worth noting that despite the potential opportunity, investors should still be aware of existing market risks, including uncertainties in the broader economic environment and the possibility that MSCI could identify treasury heavy companies like MSTR.

Digitap ($TAP), a crypto project focused on bridging traditional banking with blockchain, has raised over $2 million in its presale, selling over 130 million tokens. Currently in its second presale round at $0.0326, with a price increase scheduled in three days, analysts predict potential price jumps to between $0.18 and $0.45 by November 2025, depending on user adoption and market conditions. Long-term projections suggest a rise to $0.38-$0.80, or even $1 by 2026. A Black Friday promotion includes over $1 million in giveaways, aiming to boost community engagement. Digitap integrates SEPA, SWIFT, and other payment systems for faster, cheaper global transfers, with over 120,000 wallets linked, supporting staking, fee discounts, and governance via the $TAP token. By 2030, Digitap aims to reach $5, aligning with the projected growth of the digital payment market, estimated to reach $361 billion.

Stellar (XLM) is trading around $0.243, near a $0.23 support level where it has previously rebounded significantly. Analyst Ali Martinez noted past rallies of 33%, 48%, and 133% after hitting this level. Another analyst, Elite Crypto, pointed out a falling wedge pattern suggesting a potential 100% price increase if a breakout occurs. However, XLM is currently below key exponential moving averages, indicating weakness. The Relative Strength Index is at 38, showing slowed selling. Recent data shows a small net inflow of $685.85K into spot exchanges after a period of outflows.

Grayscale has launched its spot Dogecoin ETF under the ticker GDOG on NYSE Arca. A Bloomberg analyst estimates the ETF could see $12 million in trading volume on its first day. Grayscale's CEO highlighted the launch as an example of the firm's innovation in the crypto space. The management fee for the ETF is 0.35%, but is waived for three months or until the fund reaches $1 billion in DOGE holdings. The launch coincided with a nearly 2% increase in the price of Dogecoin, which traded around $0.145. Another Dogecoin ETF from Bitwise (BWOW) is expected to begin trading shortly after. The futures open interest for Dogecoin showed mixed sentiment across different exchanges.

The Crypto Content Creator Campus (CCCC) event in Lisbon focused on monetization strategies for Web3 content creators. ByBit CEO Ben Zhou predicted a new era of compliant financial influencers due to increasing regulation and the convergence of traditional finance and Web3. He emphasized that creators who prioritize long-term compliance will be the ones who thrive. Maye Musk discussed building a personal brand rooted in authenticity. Musa Tariq advised creators to view themselves as entrepreneurs and to protect their brand identity. Sergei Loiter, CEO of Search, AI, and AdTech at Yango, discussed how AI is reshaping content creation, making it faster and cheaper, and advised creators to think of their content as a product and tailor it to different platforms. He further advised that monetization should be an outcome of creating valuable content.

Cryptocurrency prices increased on Monday, November 24th, following news of a phone call between U.S. President Donald Trump and Chinese President Xi Jinping. The Chinese Foreign Affairs Ministry indicated progress on agreements made at a prior meeting in Busan, South Korea. Bitcoin's price increased by 1.5% to $88,600 over the last 24 hours, but is still down 4.5% for the week. Ethereum's price rose by 5% to $2,960, reducing its weekly losses to 3%.

Trading volume for cryptocurrency futures on the Chicago Mercantile Exchange (CME) reached a record high of 795,000 contracts. This surge in activity occurred during a period of increased price swings in the cryptocurrency market.

Aerodrome Finance has bought back 609,000 of its AERO tokens as part of a strategy to stabilize the token's price and boost investor confidence. This buyback is part of a larger effort, bringing the total AERO tokens repurchased in November to over 3 million. The project's Public Goods Fund is managing these buybacks, having acquired and locked over 150 million AERO tokens to date through various programs. Aerodrome also announced that its trading volume has surpassed $200 billion this year, a threefold increase compared to last year. Following these announcements, AERO's price experienced a slight increase, trading at $0.7070, although it has generally declined by 25% over the past month.

The price of XRP has increased to $2.08 following the launch of XRP ETFs by Grayscale and Franklin Templeton on the NYSE Arca. Ripple's CEO, Brad Garlinghouse, highlighted this as a significant step, with Bitwise launching earlier. Last week, crypto investment funds saw $1.94 billion in outflows, however XRP attracted $89.3 million in inflows, contrasting with Bitcoin and Ethereum, which experienced withdrawals. Whales have bought $7.7 billion in XRP over the past three months. Grayscale is offering zero fees on its GXRP ETF. Technically, XRP is trading within a descending channel, with potential price movements towards $3.50 if it breaks through resistance, or down to $1.70-$1.80 if it breaks through support. Maxi Doge, an Ethereum-based meme coin, has raised nearly $4 million in its presale and plans DEX listings on Uniswap.

Cardano's blockchain experienced a temporary split due to a software bug caused by a malformed transaction. A developer admitted responsibility, stating it was a testing error involving AI instructions. Charles Hoskinson, a Cardano leader, has involved law enforcement, including the FBI, viewing it as a deliberate exploit. One developer resigned due to the legal implications. Cardano's price is currently in an accumulation zone around $0.39-$0.40; breaking above $0.42 could lead to gains, while falling below the accumulation area could lead to declines toward $0.35. Amidst these issues, some investors are turning to alternative projects like SUBBD, which has raised $1.36 million in its presale and offers a 20% APY staking reward.

BNB, a cryptocurrency, has recovered to a price above $860. This happened after the price of BNB had previously fallen to a level that is considered an important support point for its value. The cryptocurrency's price showed resilience by bouncing back after testing this key level.

Ethereum's price showed signs of a potential rebound, increasing over 5% to around $2,922. This comes after a drop in exchange balances and a possible shift away from Bitcoin dominance, suggesting a potential altseason. Also, the U.S. Federal Reserve is expected to begin Quantitative Easing in December and traders are anticipating a possible 25 basis points rate cut by the Fed, injecting liquidity into the market and potentially driving ETH towards new all-time highs, with targets around $3,968 and $4,758.

A large percentage of Solana (SOL) holders are currently experiencing losses due to a recent price decline, with over 79.6% of the circulating SOL supply now underwater. This situation has created uncertainty among investors. However, a market expert noted that most of the sell orders below key support levels have been cleared, suggesting a potential change in trend. A crypto analyst points out that Solana's chart shows patterns indicating a possible upward price movement towards $240 or higher, potentially starting in 2026, if the support levels between $105 and $125 hold.

As November 2025 ends, three altcoins are highlighted as potentially seeing price movement. Celestia (TIA) has dropped 40% this month, but an upcoming upgrade called Matcha, which scales blocks and reduces inflation, could help it rebound from $0.607 towards $0.784. However, failure of the upgrade could lead to a fall to $0.531. Helium (HNT) has decreased 24% in the past week to $1.91. An upcoming network upgrade, HIP-148, coupled with Bitcoin's performance, may push HNT towards $2.10 or potentially $2.28. A drop below $1.79 could send it towards $1.66. Bitcoin Cash (BCH) has increased 13% to $544, benefiting from Bitcoin's rise. Breaking through the $555 resistance could lead to a move towards $593, with a final target of $600. Failure to breach $555 could result in a fall back to $503 or even $479.

Celestia's TIA token has increased in value due to anticipation surrounding the Matcha upgrade. This upgrade is designed to enhance the network's capabilities for cross-chain functionality. The upgrade aims to position Celestia for future interoperability with other blockchain networks, potentially expanding its use cases and overall value.

JPMorgan upgraded Baidu's stock rating to overweight with a new price target of $188, suggesting a potential 69% increase, based on expectations of strong growth in cloud services and AI systems, particularly related to its Kunlun AI chips. They anticipate significant cloud revenue growth driven by domestic demand for AI computing in China. Baidu is also expanding into AI-native marketing, expecting considerable growth. Baidu's U.S. shares have risen 32% this year, with a further increase following JPMorgan's upgraded outlook. Separately, Alibaba's Qwen AI app achieved over 10 million downloads in a week after its relaunch, indicating rapid growth for the AI application. Alibaba plans to integrate AI agents into Qwen to support online shopping and other services. Ant Group's LingGuang AI app also reached over one million downloads in four days.

Bitcoin has experienced a significant drop, falling over 30% from recent highs to around $80,000. Deutsche Bank analysts attribute this decline to several factors. These include a general risk-off sentiment in the market, mirroring the behavior of tech stocks. Uncertainty about interest rate cuts by the Federal Reserve is also a factor. Stalled progress on digital asset regulation and a slowdown in institutional investment are contributing pressures. Additionally, long-term Bitcoin holders are selling to secure profits, increasing the supply. While Bitcoin has slightly recovered from its lowest point, the market remains volatile as traders await clarity on interest rates and regulatory developments.

JPMorgan sold 772,453 shares of MicroStrategy (MSTR) stock, totaling $134 million. MicroStrategy is known for holding a large amount of Bitcoin. This sale has led to speculation about institutional sentiment towards Bitcoin. Analysts suggest the sale could be due to profit-taking, risk reduction during a market downturn, or portfolio rebalancing. Despite the sale, JPMorgan remains involved in blockchain research and digital asset infrastructure. Experts advise retail investors to consider this sale as just one piece of information and to focus on broader market trends, personal risk tolerance, and long-term investment strategies. Overall, institutional interest in crypto is still growing despite these short-term adjustments.

Bitcoin's price increased following comments from Donald Trump indicating strong relations between the United States and China. The article suggests that this positive sentiment, stemming from the former president's remarks, correlated with a rise in Bitcoin's value.

JPMorgan warned that MicroStrategy (MSTR) could face significant outflows from investment funds that track market indexes, potentially reaching up to $8.8 billion if multiple index providers remove the stock. Following this report, MicroStrategy's stock price dropped sharply, falling from over $450 in mid-July to around $170, marking a substantial year-to-date decline of 41 percent. Prominent figures in the crypto community, including Grant Cardone and Max Keiser, have accused JPMorgan of intentionally causing panic and targeting MicroStrategy due to its large Bitcoin holdings. Some are suggesting a potential GameStop-style retail investor movement could emerge if retail traders believe JPMorgan is betting against MicroStrategy, potentially leading to a short squeeze. Grant Cardone is now boycotting JPMorgan.

The Monad mainnet is launching today. The article discusses potential price movements of the MON token on its first day of trading. It is important to note that the actual performance of the token is subject to market dynamics and cannot be predicted with certainty.

Senator Lummis has publicly criticized JPMorgan Chase for allegedly terminating banking services for Jack Mallers, a prominent Bitcoin advocate and CEO of Strike, a Bitcoin payments company. Lummis's criticism echoes concerns about "Operation Choke Point 2.0," a term used to describe alleged discriminatory practices by financial institutions against businesses operating in the cryptocurrency industry. The senator's intervention suggests growing scrutiny of banks' relationships with crypto companies and potential regulatory implications for financial institutions operating in the digital asset space. The specific reasons for the alleged termination of services by JPMorgan Chase remain unclear, but the event has sparked debate about fair access to financial services for crypto-related businesses.

Recent claims that XRP lacks payment utility are being challenged by readily available documentation. This documentation indicates XRP was designed to improve international money transfers by acting as a bridge between currencies and providing liquidity. It aims to address inefficiencies in the traditional payment system. RippleNet has partnerships with over 300 banks, and projections estimate XRP could handle up to 14% of SWIFT volume by 2030, potentially $21 trillion annually. Ripple recently raised $500 million, supported by firms like Fortress and Galaxy, to further develop infrastructure for institutional rails and on-chain treasuries.

Lunate, an Abu Dhabi-based asset manager, is in discussions to invest up to $1 billion in MGX, Abu Dhabi's state-backed AI investment firm. MGX, launched in March 2024 and led by Sheikh Tahnoon bin Zayed Al Nahyan, aims to manage $100 billion in assets. It has already invested in companies like OpenAI and xAI, and collaborates with Microsoft and BlackRock on AI data infrastructure. MGX is focused on AI infrastructure, semiconductor production, and AI software and applications. Lunate, backed by Abu Dhabi's ADQ sovereign wealth fund and Chimera Investment, has deployed $13.5 billion in global markets since its inception. The potential investment aligns with the UAE's goal to become an AI superpower by 2031 and its broader $1.4 trillion investment program in AI and related sectors.

A significant security breach has hit the crypto world through a widespread attack on JavaScript code libraries in the Node Package Manager (npm). This attack, named Shai-Hulud: The Second Coming, has infected hundreds of software packages, including those connected to the Ethereum Name Service (ENS) and other popular tools used by companies like Zapier and Postman. The malware operates by silently installing itself when developers download the infected packages. It then scans the developer's system for sensitive information like passwords and API keys, which are then uploaded to a public GitHub repository. This allows the attackers to potentially access more accounts and spread the malware further. Security experts are warning users of affected packages to consider their credentials compromised and to take immediate steps to audit their systems and change their passwords and keys. The attack highlights a major weakness in the security of the software supply chain, with calls for Microsoft, the owner of npm, to take quicker action to detect and prevent these types of attacks in the future.

Coinbase announced it will list Fluid (FLUID) and World Mobile Token (WMTX) for spot trading starting November 25, 2025. This news comes during a significant downturn in the crypto market, where Bitcoin is around $80,000 and most altcoins are declining. FLUID and WMTX experienced slight price increases after the announcement, breaking their recent downtrends. FLUID supports a DeFi protocol with over $1.4 billion in TVL, while WMTX powers the World Mobile Chain, a decentralized telecom project. While Coinbase listings may not cause huge price surges in the current market conditions, the positive reaction from FLUID and WMTX is considered a noteworthy sign given the overall negative sentiment and decreasing liquidity. Traders are watching to see how the listings affect liquidity as US markets gain spot access to these tokens.

JPMorgan is suggesting that Strategy, a company heavily invested in Bitcoin, could be removed from major stock indexes like the MSCI USA Index. This is due to concerns that Strategy's value is declining along with Bitcoin's price, and that its business model is becoming too reliant on Bitcoin speculation. Strategy currently holds 649,870 Bitcoins with an average cost of $74,433. If Strategy is removed from these indexes, it could trigger large sell-offs of its stock by funds that automatically track those indexes, potentially driving down its price further. Strategy's founder, Michael Saylor, is defending the company, arguing that it's not just a Bitcoin holder but a software firm building a Bitcoin-backed financial platform. The Bitcoin community is protesting JPMorgan's actions, viewing them as an attack on crypto-friendly companies, with some calling for a boycott of the bank. The potential removal of crypto-treasury corporations from indexes could begin in January 2026.

Stellar's price increased by 3.5%, reaching $0.25. This price movement indicates a recovery in its market value.

Maple Finance, a company overseeing more than $3 billion, is facing legal action from Core Foundation regarding a Bitcoin yield product called syrupBTC. Core claims Maple used information from a previous partnership to create a competing product, violating an exclusivity agreement. A court in the Cayman Islands has issued an injunction, preventing Maple from launching syrupBTC or using Core tokens while the dispute is resolved through arbitration. Maple denies any wrongdoing. The case highlights legal challenges for decentralized finance projects operating within traditional legal systems.

Milk Mocha ($HUGS), a new meme coin associated with the popular bear duo, has launched its presale. The project aims to differentiate itself by leveraging the existing Milk Mocha brand and community to create a sustainable ecosystem. It offers 60% APY fixed staking, limited NFTs, interactive games, and DAO-based governance. The $HUGS ecosystem includes weekly token burns, merchandise, and mini-games designed to increase scarcity and engagement. NFTs provide access to metaverse content and community events, with upgrade options available by burning $HUGS tokens. A percentage of each transaction is allocated to a public Charity Pool for humanitarian projects, with on-chain traceability. Stage 1 of the presale is underway, offering early participants the base rate for $HUGS tokens.

Solana is experiencing a difficult period as roughly 80% of investors are currently holding the SOL token at a loss. Despite this, Solana-related ETFs have attracted significant investment. To address the price decline, a proposal called SIMD-0411 has been introduced to reduce the rate at which new SOL tokens are created, effectively making the token more scarce. This proposal aims to cut the token supply over the next six years by 22.3 million SOL, removing approximately $2.9 billion in potential selling pressure, and to reduce staking yields, encouraging more active use of the token within the Solana ecosystem. While this could lead to price appreciation if demand grows, there's also a risk for validators who secure the network, as their revenue from staking rewards will be reduced. An upcoming upgrade aims to reduce operating costs for validators to offset this revenue decrease. The changes are expected to be active within six months.

Robert Kiyosaki, author of Rich Dad, Poor Dad, sold $2.25 million worth of Bitcoin at approximately $90,000 per coin. He originally purchased the Bitcoin at around $6,000 each. The sale occurred after Kiyosaki stated he would not sell during a recent market correction. Kiyosaki used the profits to acquire surgery centers and invest in a billboard business, expecting to generate $27,500 in monthly tax-free income. Kiyosaki remains optimistic about Bitcoin and plans to use income from his new ventures to buy more in the future. Bitcoin is currently trading at $86,720, down 9.2% over the past week and 21% since the beginning of November.

Despite a ban on Bitcoin mining in China that was put in place in 2021, the country has re-emerged as a significant player in the industry. China now accounts for about 14% of the world's Bitcoin mining activity, making it the third-largest hub globally. This comeback is fueled by cheap electricity in certain provinces, economic benefits for local areas, and high Bitcoin prices. While the national ban technically remains in place, some regions are allowing mining to continue due to the financial advantages it brings them. This resurgence indicates strong underlying demand for Bitcoin and suggests the cryptocurrency can thrive even in countries with restrictive policies.

Strategy, a company known for consistently purchasing Bitcoin, skipped its weekly purchase, causing market concern given Bitcoin's recent price weakness. This pause comes after a period of increased Bitcoin buying fueled by new preferred share issuances. The company has raised over $21 billion in 2025, but its ability to raise funds through common stock has slowed due to stock dilution and a lower market price, with the stock currently trading around $173.12. Strategy still has over 40% of its treasury underwater, nearing a point where it would hold Bitcoin with unrealized losses. While Strategy's ability to support Bitcoin purchases has diminished, smaller companies are still adding Bitcoin to their treasuries, though they lack the scale of Strategy's previous impact. Strategy is now focusing on debt-financed purchases and yield-bearing products.

Ethereum's price is currently around $2,850, showing a 1% increase in the last 24 hours but a 10% decrease over the past week, with a daily trading volume of $23.8 billion. An analyst named Merlijn The Trader has identified a repeating pattern in Ethereum's price chart, suggesting it's currently in a corrective phase before a potential breakout. This pattern has occurred three times since 2022, with each cycle leading to a price increase. Another analyst, Lennaert Snyder, is monitoring the $2,680 and $2,620 levels for potential buying opportunities. The $2,872 level is considered a key support based on on-chain data. Furthermore, the ETH/BTC ratio is at 0.0325, a level that has previously acted as a base for Ethereum to outperform Bitcoin.

The cryptocurrency market is experiencing negative sentiment, but the article suggests that new altcoins like PEPENODE ($PEPENODE) show potential for future rallies. PEPENODE is a mine-to-earn token that allows users to build virtual mining rigs and earn rewards in other cryptocurrencies. The presale has raised $2.18 million so far. Users can buy PEPENODE to increase their virtual node count and earn more rewards. Staking the token also provides a 590% APY. The presale price is currently $0.0011638, and it will increase in two days. Interested investors can purchase the token on the official website using ETH, USDT, BNB, or fiat currency before the presale ends and it lists on exchanges.

Bitcoin's price drop has caused a lot of fear in the market, with some people making extreme predictions about where it's headed. However, JRNY Crypto believes that while Bitcoin is currently oversold and likely to bounce back to $95,000-$100,000 in the short term, the wild predictions of $200,000 are unrealistic. They point to upcoming events in December, such as potential interest rate cuts, the end of quantitative tightening, and global stimulus discussions, as factors that could push the price up. They also highlight the importance of the U.S. crypto market structure bill, which could attract a lot of institutional investment if it clarifies regulations. While a major economic crash could hurt Bitcoin temporarily, it's expected to recover strongly afterward, along with other hard assets. JRNY Crypto's overall outlook is positive for the short-to-mid term, anticipating a more realistic rise to $110,000-$120,000 if these factors play out as expected, with the real breakout happening when regulation, liquidity, and institutional interest align.

Bitcoin is experiencing a price correction, causing concern among analysts who believe a drop below $80,000 could trigger further selling pressure. The $73,000 to $84,000 range is seen as a critical price area, representing the average purchase price for major investors. A break below $80,000, currently acting as support, could turn it into resistance, potentially leading to a price decline towards $60,000. Short-term Bitcoin holders have reportedly sold off a significant amount of Bitcoin at a loss, which some analysts view as a sign of potential market bottoming. Mainstream media outlets are also reporting negatively on Bitcoin's performance, with some portraying the industry as struggling and overly volatile. A rebound could happen, but if prices again break under $80,000, the decline could continue.

HBAR's price increased by 2.4% after finding support. This increase coincides with the integration of Axelar, which is boosting activity in decentralized finance (DeFi) related to HBAR.

XRP's price increased by 1.76% to $2.10, with intraday fluctuations and a 25.88% surge in trading volume, signaling higher market activity. Market analysts have observed a potential pattern forming in XRP's price action that mirrors a similar base formation seen in 2017 before a significant price surge. XRP appears to be in a consolidation phase, much like it was before the 2017 breakout, suggesting it might be gearing up for another substantial price increase.

The European Central Bank (ECB) is concerned about the rapid growth of stablecoins and the potential risks they pose to financial stability, even though their presence in the Eurozone is still small. The total value of all stablecoins has surpassed $280 billion, with Tether (USDT) and USD Coin (USDC) dominating the market. Euro-denominated stablecoins are negligible in comparison. The ECB finds that stablecoins are mainly used for trading on crypto exchanges, rather than for everyday payments. A major concern is that if many people try to cash out their stablecoins at once, it could force stablecoin issuers to sell large amounts of assets like U.S. Treasury bills, potentially disrupting financial markets. The ECB also warns that different regulations across countries could create problems, and calls for global coordination to manage these risks. If stablecoins continue to grow at the current rate, their market value could reach $2 trillion by 2028, increasing the potential for problems.

Franklin Templeton has entered the competition to launch an XRP exchange-traded fund (ETF). This move signals a belief from the asset management firm that XRP is a fundamental component of the global financial system. The application to the SEC means Franklin Templeton is trying to get approval to offer an investment product that tracks the price of XRP, allowing investors to gain exposure to the cryptocurrency without directly holding it.

A crypto analyst, James Check, warns that quantum computers could break Bitcoin's security, potentially unlocking a large amount of old, untouched Bitcoin. The core issue is not the technology itself, as quantum-resistant Bitcoin versions are expected. The problem lies in the Bitcoin community's potential inability to agree on how to handle old coins stored in vulnerable address formats. Approximately 32.4% of Bitcoin hasn't moved in five years, and 16.8% hasn't moved in over a decade, making these coins targets. Concerns are growing because quantum computers are rapidly advancing, with major companies aiming for machines with hundreds of thousands or millions of qubits within the next decade. Some believe quantum attacks could be viable in the late 2020s or early 2030s, while others think the threat is decades away. El Salvador has already split its Bitcoin reserves into multiple addresses for increased security, and financial firms like BlackRock and Tether have acknowledged the risk. The core of the problem comes down to whether or not the Bitcoin community can reach a consensus to freeze old coins, which Check suggests is unlikely.

The cryptocurrency RAIN experienced a significant price increase, surging over 120% in the last 24 hours. This surge followed an announcement by biotech company Enlivex that it plans to raise $212 million and begin investing its corporate treasury into the RAIN token. Currently, RAIN is trading at $0.008 and has a market capitalization of $1.7 billion. It is among the top gainers in the crypto market, ranking 65th by market capitalization.

The cryptocurrency market experienced a boost in sentiment following Amazon's announcement of a $50 billion investment in artificial intelligence infrastructure. This large investment appears to have positively influenced investor confidence within the crypto space.

Dogecoin (DOGE) experienced a price increase but faces resistance around $0.1654, $0.1738, and $0.1807, while remaining down approximately 11% over the past week. Its RSI sits near 39, indicating weak momentum. Memecore (M) is trading around $2.105, showing a slight decrease of 0.31% and moving sideways between $2.04 and $2.31, signaling bearish conditions with its RSI near 40. Zero Knowledge Proof (ZKP) is introducing a 200 million coin per day auction model where the price is determined by demand using ETH, USDC, or ZUSD. There is a $50,000 per-wallet daily cap, and the auctions are recorded on-chain. ZKP has partnerships with the Dolphins and FC Barcelona. These developments are happening as ZKP approaches its launch.

The Cardano network experienced a several-hour disruption on November 21, 2025, due to a corrupted transaction targeting the stake pool of Cardano's founder, Charles Hoskinson. A stake pool operator submitted a malformed transaction, exploiting a 2022 bug in a cryptographic library, causing a chain split as older and newer nodes processed the transaction differently. This disrupted block production and impacted validators, DeFi protocols, and users. While the operator claimed it was a reckless experiment with no malicious intent, Hoskinson alleges it was a deliberate attack by someone previously expressing hostility towards Cardano. Hoskinson also stated that law enforcement is involved. The incident caused some stake pool operators to lose earnings and some decentralized applications experienced problems, though user funds remained safe. The event has sparked debate about the vulnerability of the Cardano network to such attacks.

Litecoin, currently trading around $83-$85, is the subject of a viral social media prediction suggesting a surge to $1,000 by December 13th. This prediction is based on historical price patterns, but analysts caution against relying on it due to current market conditions. Key resistance levels to watch are around $91.50 and $104-$112. A break above these could signal bullish momentum, while drops below $85 might indicate a price decrease. Litecoin's strengths include its fast transaction speeds, low fees, and established history as a payment-focused cryptocurrency. However, its future price will be influenced by factors like regulatory changes, competition from other cryptocurrencies, and Bitcoin's performance. Analysts recommend a cautious approach, emphasizing risk management and regularly reassessing predictions rather than relying on fixed targets. Litecoin was recently trading at around $82.97, up 0.91% in the last 24 hours.

HBAR's price has recently increased, but the article suggests this recovery may not last. A potential bullish pattern called a cup-and-handle is weakening, and key indicators suggest buyers are losing momentum. Specifically, the Bull Bear Power indicator is declining, signaling a loss of buyer control. Additionally, big money isn't flowing into HBAR, as indicated by the Chaikin Money Flow (CMF) remaining negative. To continue rising, HBAR needs to break above the $0.169 and $0.182 resistance levels. However, if the price falls below $0.140, it could drop to $0.122, invalidating the cup-and-handle pattern. Ultimately, the article suggests the downside risk is higher than the potential for further gains unless HBAR can regain bullish momentum and the CMF turns positive.

Grayscale has launched the first Dogecoin spot ETF (GDOG) in the United States, trading on the NYSE Arca as of November 24, 2025. The ETF holds actual Dogecoin tokens and aims to mirror the cryptocurrency's real-time market price, providing investors with a simplified way to gain exposure to Dogecoin. Grayscale is temporarily waiving the 0.35% annual fee for the first three months or until the fund reaches $1 billion in assets under management, whichever comes first, with the waiver ending on February 24, 2026. Analysts predict a debut trading volume of around $12 million for GDOG. This launch is part of a broader trend of increasing spot crypto ETFs in the US, with potentially more ETFs based on other cryptocurrencies expected in the near future. Dogecoin is currently trading at $0.14, and some predict it could rise to $0.20.

Strategy Inc., owned by Michael Saylor, has raised $21 billion in 2025, approaching the $22.6 billion raised in all of 2024. The funds were raised through $11.9 billion in common equity, $6.9 billion in preferred equity, and $2 billion in convertible debt, spanning seven different securities. Investor interest in Strategy's Bitcoin-focused strategy remains strong, providing the company with capital for further asset accumulation. Strategy holds 649,870 BTC, valued at over $56 billion, representing over 3% of the total Bitcoin supply and making it the largest corporate holder of Bitcoin.

Donald Trump will personally decide whether Nvidia can export its H200 chips to China. This decision follows existing restrictions meant to prevent China's military from accessing high-end US technology. Arguments within Washington center on whether selling chips keeps China dependent on American tech or if restricting sales hinders US companies and encourages China to seek alternatives. Nvidia CEO Jensen Huang has communicated with Trump, pushing for access to the Chinese market, especially after Beijing discouraged purchases of the previously approved, weaker H20 chips. National security lawmakers are advocating for stricter limits on chip exports, while others argue that blocking sales to China would harm US businesses. Separately, Xi Jinping discussed Taiwan with Trump, emphasizing China's claim to the island, and both leaders addressed the Russia-Ukraine war, seeking a peaceful resolution. These discussions occur amid ongoing tensions between Japan and China over Taiwan, potentially impacting global markets and business stability.

The Chicago Mercantile Exchange (CME) Group will soon offer futures contracts based on the spot prices of XRP and Solana. This move signifies increasing institutional interest in these cryptocurrencies, allowing larger investors to gain exposure to XRP and Solana through regulated derivatives markets. By providing futures contracts tied to the actual price of XRP and Solana, CME is aiming to facilitate more efficient price discovery and risk management for these digital assets.

Rumble's stock price increased by 13% after Tether, a cryptocurrency company, increased its investment in Rumble by purchasing 1 million additional shares. This indicates a significant investment by Tether in the video platform company.

ZCash (ZEC) experienced a surge in on-chain activity in November, surpassing Ethereum and Solana in fee production. This spike coincided with a price increase to over $700 and a peak in daily transactions, reaching over 73,000 on November 13th. ZCash became the second-biggest fee producer, generating $47.5 million in fees, representing 2.6% of all fees produced by major blockchains. The ZCash chain hashrate also nearly doubled since June, reaching an all-time high. However, after failing to sustain prices above $700, ZEC has retreated, and short positions make up a majority of open interest. There are suspicions that the rally was an exit strategy for early ZEC holders, as old BTC whales moved their coins to ZEC.

Monad, a Layer 1 blockchain, launched its mainnet and native asset, MON, on November 24, shortly after its ICO on Coinbase. MON began trading on Coinbase and other exchanges, initially reaching a high of $0.0286 before settling around $0.0254. This price is about 14% above its ICO price. MON's fully diluted valuation is approximately $2.5 billion, although prediction markets suggest a potential decrease below $2 billion. The token's market capitalization is around $270 million, positioning it among the lower 200 tokens by market capitalization.

Bitcoin is currently experiencing a price decrease and is trading at $86,301. This represents a 0.5% decrease in the last 24 hours, and a 9.6% loss over the past week. Analysts are noting that this current decline is following a similar pattern to the one observed before the significant Bitcoin price drop in 2022.

Paul Barron, founder of the Paul Barron Network, believes XRP could become a central element in global finance by acting as a bridge asset for transactions between different blockchain networks. He suggests that as stablecoins and tokenized assets increase, XRP's role in moving value across networks will become more critical, potentially replacing traditional, slower banking settlement processes. However, crypto analyst Fishy Catfish disputes this, arguing that XRP has low real-world usage, adoption metrics, and developer activity on the XRP Ledger, making it unlikely to replace established systems like SWIFT. He points to SWIFT's established control by thousands of financial institutions as a barrier and emphasizes the low on-chain activity and user fees as indicators of XRP's limited current utility.

JPMorgan is being accused of trying to lower the stock price of MicroStrategy (MSTR), a company that holds a lot of Bitcoin. The accusation stems from a report by JPMorgan that suggested MicroStrategy could be removed from major stock indexes, which could cause a large sell-off of the company's stock. Crypto community members are claiming this report is a deliberate attempt to harm MicroStrategy and are calling for a boycott of JPMorgan. Some even believe that if MicroStrategy's stock price increases significantly, it could threaten JPMorgan's financial stability due to a large short position, but others believe the market reaction is due to legitimate concerns about index rules. MicroStrategy's executive chairman, Michael Saylor, dismissed these concerns, stating that any potential index exclusion was likely already reflected in the stock price. This situation is seen as part of a larger conflict between traditional finance and the growing crypto industry, especially since JPMorgan is expanding its own crypto services.

Recent market activity suggests potential price increases for Ethereum (ETH), XRP, and Dogecoin (DOGE). The article highlights indicators suggesting these cryptocurrencies might be poised for a bullish reversal, meaning their prices are expected to rise after a period of decline or stagnation. Traders are watching these specific coins for possible upward price movement.

Bloomberg analyst James Seyffart anticipates a potential surge of new cryptocurrency ETFs focused on altcoins like SEI, SUI, BNB, NEAR, and AVAX by 2026. ETF issuers are reportedly preparing to launch numerous altcoin funds, adopting a strategy of launching many products to identify those that gain traction. Seyffart personally will likely avoid these ETFs due to his own trading restrictions as an analyst and his general aversion to market timing strategies, like leveraged ETFs. He acknowledges that even products he wouldn't invest in, such as high-yield covered call ETFs or leveraged Bitcoin ETFs, serve a purpose and attract significant investment, and reminds investors to carefully consider their investment goals before buying. The potential arrival of these ETFs could significantly broaden access to crypto assets beyond Bitcoin and Ethereum, offering traders regulated exposure to a wider range of altcoins.

Myriad, a prediction market platform, has achieved over $100 million in USDC trading volume since its launch, completing over 6.3 million trades and attracting over 400,000 active traders. This represents a tenfold increase in trading volume in the last three months. Myriad is expanding its reach by launching on the BNB Chain to attract more users and partnering with Walrus to store market data on-chain. The platform aims to become a core infrastructure for prediction markets within the decentralized finance space, offering an intuitive experience for everyday users and robust tools for other projects.

AI-related business investments accounted for 50% of the U.S.'s inflation-adjusted GDP growth in the first half of 2025. Investment in AI, especially by major tech companies like Microsoft, Amazon, Alphabet, and Meta, is driving a significant portion of the country's economic expansion. These companies are projected to spend $344 billion in capital expenditures this year, up from $228 billion last year, and potentially $404 billion in 2026. AI's impact on jobs is mixed, with data center construction booming but tech employment down overall. The rise in AI stocks has increased household wealth, boosting consumer spending by an estimated $180 billion in the last year. However, the economy's heavy reliance on AI investments poses risks, including potentially overvalued AI stocks and increased debt. A significant market downturn or slowdown in AI investment growth could substantially reduce GDP growth. Companies like Oracle are increasing their debt to fund AI projects, raising concerns about potential financial instability.

Despite ongoing fear in the crypto market, indicated by a Fear and Greed Index of 12, up slightly from a recent low of 10, Bitcoin is trading near $80,000 after a drop from above $100,000. Most altcoins remain under pressure, but a few, including Canton, SPX6900, and Pump.fun, have seen gains. Canton's CC token is up about 10% to $0.084, showing interest in smaller cryptocurrencies with active communities. SPX6900 has increased by about 5.7% to roughly $0.51, driven by meme speculation and short-term trading. Pump.fun's PUMP is up about 3.3% to near $0.0026, supported by continued activity on its platform. These gains suggest a slight easing of selling pressure, but the overall altcoin market remains weak. If Bitcoin stabilizes and fear decreases, this could lead to a broader recovery, but renewed macro concerns or weaker spot flows could reverse these gains.

Upbit, South Korea's largest cryptocurrency exchange, is considering a Nasdaq IPO following a proposed $14.5 billion merger where internet giant Naver Financial will acquire its parent company, Dunamu, through a stock-swap deal. The merger, expected to be approved soon, would make Upbit a subsidiary of Naver. Analysts believe this move could pave the way for a Nasdaq listing as early as 2026, assuming market stability. The exchange ratio in the merger was revised to favor Dunamu, reflecting its strong financial performance, with Dunamu's operating profit being nearly ten times that of Naver Financial. Upbit currently dominates the South Korean crypto trading market, handling a substantial volume of transactions, but has faced regulatory scrutiny in the past. The merger with Naver is seen as a way to improve Upbit's regulatory standing before attempting a US listing, aligning with a trend of crypto companies going public. Upbit's rival, Bithumb, is also pursuing public market opportunities. Dunamu reported a significant increase in net income, strengthening the case for a future Nasdaq IPO.

An individual in San Francisco was robbed of $11 million in cryptocurrency by a thief disguised as a delivery driver who forced entry into their home. This incident is part of a growing trend of physical attacks, referred to as 'wrench attacks,' targeting crypto holders to coerce them into revealing their private keys or transferring their assets. Such attacks have risen by 169% since February, with over 60 cases reported in 2025 alone, exceeding the total for 2024. These attacks, which include assaults, kidnappings, and coercion, are occurring globally, with France reporting the most cases. Law enforcement has also investigated related incidents in New York and Chicago. In addition to physical threats, crypto investors have lost billions to digital theft through hacks and scams.

The European Central Bank (ECB) is raising concerns about the increasing risks associated with stablecoins, which have grown to a market value exceeding $300 billion, representing about 8% of the total cryptocurrency market. Stablecoins, designed to maintain a stable price often pegged to the US dollar, are widely used for trading on crypto platforms. The ECB worries that their rapid growth and connections to traditional financial systems could destabilize the financial system by drawing deposits away from Eurozone banks. Tether and USD Coin dominate the stablecoin market, holding a combined value of over $259 billion. Regulatory clarity in regions like the EU, the US, and Hong Kong has contributed to increased investor confidence and demand. Despite being touted for cross-border payments, stablecoins are primarily used by traders, with less than 1% of the volume coming from retail-sized transfers. A major risk is the potential for a 'run' on stablecoins if users lose trust, leading to mass withdrawals and price collapse. Furthermore, the substantial holdings of US Treasury bills by stablecoin issuers like Tether and USD Coin mean that a fire sale during a run could negatively impact broader financial markets.

Berachain, a bear-themed blockchain project, granted Brevan Howard's Nova fund a special refund right on its $25 million investment in their Series B funding round. This agreement, outlined in a side letter, allows Nova to get its money back up to a year after Berachain's token launch in February 2025 if the BERA token performs poorly. This arrangement is unusual and wasn't disclosed to other investors. The BERA token is currently trading significantly below Nova's initial investment price, potentially incentivizing them to exercise their refund option. If Nova requests a refund, Berachain would need to pay back $25 million. Nova Digital is now being spun out from Brevan Howard due to differences in risk tolerance and strategy.

XRP's price is currently around $2.06, up slightly in the last day but down over the past week. Analysts are watching closely to see if it will go up significantly or fall back down. One analyst notes that a specific pattern in the chart is similar to past times when the price increased a lot. Another chart shows strength compared to Ethereum. There are also signals suggesting that the recent selling may be slowing down. About 1.8 billion XRP were recently purchased around the $1.75 price, which could act as a price floor. The next big price hurdle to overcome is around $2.60. Staying above $2.08 is important, with potential targets of $2.277 and $2.75 if it continues to rise. A new XRP exchange-traded fund has launched, which could bring in more money and investors.

XRP's price is holding steady around $2.07, showing resilience after breaking out of a long-term pattern. Its price increased by 1.07% over the last 24 hours. A key event is the launch of Franklin Templeton's XRPZ ETF on the NYSE Arca, which provides a new, regulated way for institutions to invest in XRP with a low management fee. Analysts are drawing comparisons between XRP's current price action and its behavior before the 2017 bull run, noting potential for a significant rally, while acknowledging the differences in today's market due to increased regulatory clarity and adoption. Market strategists indicate that maintaining support above $1.90 could lead to a long-term upward trend, while a drop below this level could trigger a temporary price decrease.

Bitcoin's price has been volatile, leading to interest in crypto projects offering practical uses and scalability. Bitcoin Hyper aims to speed up Bitcoin transactions with a Layer-2 system and has already raised over $28 million in its presale with 41% APY staking. Digitap is gaining attention for its ecosystem focused on user engagement and digital asset features. Zero Knowledge Proof (ZKP) has partnered with FC Barcelona, becoming their official cryptographic protocol partner. ZKP is a privacy-focused blockchain for AI, backed by a $100 million self-funded network, and is preparing for its auction-based presale. The partnership aims to provide FC Barcelona with secure digital fan systems while giving ZKP global exposure. Whitelist sign-ups are increasing for ZKP's upcoming Initial Coin Auction.

Despite a government ban four years ago, Bitcoin mining is making a comeback in China. New information indicates that China has once again become a significant player in global Bitcoin mining, rejoining the top three countries involved in the process.

The XRP market is experiencing price fluctuations, leading to investor fear. Versan Aljarrah, founder of Black Swan Capitalist, believes this fear is common among those who don't completely understand what it means to hold XRP.

Bitcoin is currently showing a bearish trend as traders are watching a CME futures gap between $85,510 and $86,800. Bitcoin prices often move towards these gaps, so it might dip a bit before recovering. Short-term charts suggest a corrective phase rather than a strong upward trend, with support levels to watch between $85,190 and $82,180. Staying above this support zone is important for the overall bullish outlook. A break above $87,820 would signal a potential reversal and increased buying pressure. Despite the current pullback, the larger trend for Bitcoin remains positive, with expectations of a rebound phase if the support range holds.

Bitcoin has fallen 22% this month, leading to concerns from new investors. Anthony Pompliano, a long-time supporter of Bitcoin, stated on CNBC that this drop is a typical occurrence within Bitcoin's market cycle, suggesting the price may be nearing its lowest point.

The Pharos Foundation has launched as a non-profit organization to govern the RealFi and open finance ecosystem on the Pharos Network. This foundation aims to foster long-term growth through organized, transparent, and governance-driven initiatives. It focuses on education, open governance, technology development, and ecosystem support. The foundation will not endorse specific protocols, give financial advice, or comment on token prices. The Pharos Network, aiming for a mainnet launch in early 2026, envisions itself as an inclusive financial layer. The Pharos Foundation's first transparency report will detail ecosystem fund management post-mainnet launch. The Pharos Network launched its first public testnet in May with over 3 billion transactions and anticipates releasing its official coin and mainnet in early 2026.

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The Pharos Foundation, a non-profit organization created by former Ant Group engineers, has launched to support the development of Real World Asset (RWA) and open finance ecosystems on the Pharos Network. The foundation will focus on directing resources towards the RWAfi initiative and open finance tools, aiming to make real-world value and institutional assets more accessible. The foundation's decisions will be community-driven, with an emphasis on decentralization and compliance, and it will offer educational programs to foster collaboration with traditional financial institutions. Details on the management and use of the ecosystem fund will be released in a transparency report after the mainnet launch. Pharos Network also launched its second testnet, AtlanticOcean, which allows institutions and developers to test RWA flows across borders. This testnet features upgrades such as a Proof-of-Stake tokenomics model with a total supply of 1 billion tokens, user-friendly staking and validator voting, and enhanced developer tools. The first testnet will remain active for several months to facilitate a smooth transition for ecosystem partners.

An XRP community expert, Chad Steingraber, is suggesting that newly launched XRP exchange-traded products (ETFs) have the potential to significantly affect XRP's price. The core idea is that substantial inflows into these new XRP ETFs could cause even small price movements in XRP to escalate into larger market volume surges.

Grayscale Investments has launched the Grayscale XRP Trust ETF (GXRP) on NYSE Arca, offering investors exposure to XRP. However, it's structured as an exchange-traded product, not a 1940-Act ETF, and carries substantial risk, including potential loss of principal, and does not grant direct ownership of XRP tokens. The launch coincides with the XRP Ledger surpassing 4 billion processed transactions, highlighting its role in cross-border payments. XRP is the native digital asset of the XRP Ledger, used for transaction fees and facilitating cross-currency transfers. Amplify ETFs also launched the Amplify XRP 3% Monthly Premium Income ETF (XRPM), providing XRP exposure with a covered call strategy for income generation. This week sees a surge in spot crypto ETF launches, with at least five new products covering XRP, Solana, and Dogecoin debuting, and analysts anticipate over 100 crypto ETFs in the next six months.

South Korea's planned crypto tax, initially approved in 2020 and scheduled for January 2027, may be postponed for a fourth time due to unresolved issues. These include a lack of systems to monitor transactions, classify income, and enforce cross-border regulations. A senior researcher at the Capital Market Research Institute warns that trust in the tax system will be damaged if the government fails to address these deficiencies during the grace period. Key issues involve unclear definitions for income sources like airdrops and staking, and a lack of standards for transactions outside domestic exchanges. The government acknowledges difficulties in tracking small transactions. Meanwhile, enforcement actions are intensifying, with the National Tax Service confiscating over 146 billion won in crypto from delinquent taxpayers. Local governments are also seizing crypto, and new penalties are expected for exchanges failing to comply with anti-money laundering regulations. Over 10 million users are verified to trade on domestic exchanges, and significant amounts of crypto have been transferred overseas, possibly in anticipation of the tax. A financial expert cautions that legal challenges could arise due to remaining ambiguities, urging policymakers to clarify definitions and prepare for international data-sharing.

Thai cryptocurrency exchange Bitkub is considering an initial public offering (IPO) in Hong Kong, potentially seeking to raise around $200 million. This move comes as Thailand's stock market struggles, making a domestic listing less appealing. The Thai market's poor performance, with the SET Index dropping about 10% in 2025, has reduced interest in local IPOs. Hong Kong is actively trying to become a major digital asset hub by creating a supportive regulatory environment for crypto trading. Bitkub's potential IPO would support Hong Kong's efforts to attract more tech and crypto companies and diversify its IPO market. Several other crypto and blockchain companies have recently gone public, including Circle, Etoro, Galaxy Digital, Figure Technology Solutions Inc. and with BitGo officially filing for an initial public offering, and Gemini filing confidentially for a U.S. IPO.

BTCC, a cryptocurrency exchange founded in 2011, released its November 2025 Proof of Reserve (PoR) report, showing a reserve ratio of 146%. This means BTCC holds more assets than needed to cover all customer holdings. The report highlights overcollateralization of major cryptocurrencies like Bitcoin (162%), Ethereum (165%), Tether (160%), Cardano (150%), USD Coin (133%), and Ripple (124%). BTCC's reserve ratio has consistently been above 100% throughout 2025, increasing from 132% in July to 152% in October. To enhance user experience BTCC has introduced a Flexible Savings campaign, offering tiered Annual Percentage Yields (APYs) between 8% and 18% for deposits of 1,000 USDT or more.

Bitwise is launching a Dogecoin ETF on November 26th. Funds related to Dogecoin (DOGE) and XRP are also becoming available today. This means investors will have new ways to invest in these cryptocurrencies through exchange-traded funds, offering a regulated and potentially simpler way to gain exposure to these digital assets.

The Monads MON token experienced a difficult trading debut following a slow token sale. The article highlights that the token's initial performance was not strong, suggesting potential challenges for the project in the market.

XRP recently dropped below $2, reaching lows around $1.92 due to market volatility. Despite this, some analysts believe this dip is not a major concern and that XRP is still on track for a much higher value, potentially exceeding $20. This positive outlook is based on increased regulation, partnerships with over 300 banks across 40 countries via Ripple's enterprise network, and the expansion of Ripple's services like the Liquidity Hub and RLUSD stablecoin. The potential for additional XRP ETFs is also seen as a positive factor. For XRP to reach $20, it would need to maintain support above $2 and see continued institutional investment, ETF inflows, growth of RLUSD, and increased adoption of RippleNet. XRP is currently trading at $2.07, up 2.4% in the last 24 hours.

Ethereum's price is struggling below $3,000, with buyers trying to defend the $2,750-$2,800 support level. Open interest in Ethereum futures is rising, indicating increased leveraged positions and potentially higher volatility. The market is watching the upcoming Fusako upgrade but remains cautious due to recent institutional outflows of over half a billion dollars from ETH investment products. Ethereum has fallen nearly 12% over the past seven days, with sellers continuing to defend each approach toward the channels upper boundary near $3,050 to $3,120. A break above $2,947 is needed to shift momentum, while losing the $2,750-$2,800 support could lead to further declines. The current market sentiment is weighed down by institutional outflows and Ethereum's correlation with equity markets.

Grayscale has launched the first spot Dogecoin ETF in the US, listed under the ticker GDOG. This ETF allows investors to gain exposure to Dogecoin without directly holding the cryptocurrency. The fund's fee is 0.35%, but it is waived for the first $1 billion in assets or the first three months. Bitwise is also launching a competing spot Dogecoin ETF, BWOW, scheduled to list soon. These launches follow increased interest in spot crypto ETFs, with Bitcoin and Ethereum ETFs previously seeing significant inflows. The new Dogecoin ETFs aim to provide a simpler investment option for those interested in crypto.