Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On-chain data shows roughly 844 million XRP were transferred between accounts within 24 hours, a large volume amid XRP’s prolonged price weakness. Price action remains bearish: XRP trades inside a declining channel, below key moving averages, and with a low RSI indicating downside momentum. However, rising transaction volume suggests increased network usage and capital movement rather than passive holding. Historically, sustained volume growth on-chain has sometimes preceded structural price changes, meaning persistent high transfer volume could lay groundwork for a future recovery even if a strong bounce is unlikely until broader market sentiment improves. Traders should watch for repeated volume spikes, price stabilization within a tighter range, and sustained on-chain activity — these would strengthen the case for a relief rally. Key keywords: XRP, XRP price, on-chain volume, transaction volume, XRP recovery.

Castle Securities data suggest a 75% historical probability of December gains for the S&P 500, supporting expectations of a year‑end “Santa Rally.” Goldman Sachs also sees upside potential, while market liquidity has thinned and major risk assets—including large-cap crypto tokens—are trading in narrow ranges as traders await clearer macro signals. Analysts caution that any late‑December rally is conditional on stable liquidity, macroeconomic clarity and regulatory developments. Risk managers advise disciplined exposure and robust controls to avoid overstated expectations. Key takeaways for traders: heightened chance of positive year‑end momentum, but limited breadth and tight liquidity increase volatility risk; maintain position sizing, use stop management, and monitor macro/regulatory news closely.

Ethena Labs transferred 23.3 million ENA (≈$4.74M) from a protocol-linked wallet to institutional exchange FalconX. Onchain analytics (Onchainlens) flagged the move and suggested an intent to sell, though the source wallet still holds 123.4 million ENA (≈$25M) after the transfer. Key facts: 23.3M ENA -> FalconX; remaining balance 123.4M ENA; FalconX is an institutional prime broker, which may indicate OTC execution to limit market impact. Traders should watch subsequent wallet activity, ENA/USD price and volume, and any official treasury communications from Ethena Labs. The transfer could represent treasury management, operational needs, or a staged liquidation — each carries different implications for short-term liquidity and volatility. This on-chain event highlights the importance of transparent treasury practices for DeFi governance tokens.

Bybit and analytics partner Block Scholes released a Crypto Derivatives Analytics Report on Dec. 19, 2025, concluding there is little evidence of a year‑end “Santa rally” in crypto markets. The report notes persistently bearish sentiment despite a recent U.S. rate-cut cycle and weaker labor data (U.S. unemployment at 4.6%). Key findings: perpetuals open interest is largely unchanged, signaling low participation; Bitcoin funding rates remain mostly positive while altcoin funding is more volatile; options show a pronounced skew toward out‑of‑the‑money put buying for both BTC and ETH across tenors, pricing in downside risk; short‑dated volatility eased from earlier extremes but the term structure of implied volatility remains elevated. Bybit’s chief market analyst Han Tan summarized that crypto is “rudderless” and likely to end the year quietly rather than with a strong rally. The report implies continued trader caution, elevated demand for downside protection, and muted leverage usage — factors that may limit upside momentum going into the new year.

Brazil’s main exchange B3 plans to roll out a tokenization platform in 2026 that will let traditional and tokenized assets trade within a single venue. B3 will issue a real‑pegged stablecoin to handle payments and settlement for token trades, aiming to reduce reliance on legacy cash systems and make tokenized assets indistinguishable from conventional listings. The project begins with equities and seeks to improve liquidity and shorten settlement times by making tokenized securities fully fungible across traditional and token markets. B3 also intends to add new crypto derivatives: weekly options on BTC, ETH and SOL and event‑style/prediction contracts, all under review by Brazil’s securities regulator (CVM). Infrastructure support will include development kits and protocols for market participants. Key figure: Luiz Masagão, B3 VP of products and clients. Primary keywords: B3, tokenization, stablecoin, crypto derivatives. Expected trader implications: faster settlement, broader investor access, potential inflows of new liquidity, and greater market depth as tokenized assets integrate with the exchange.

Gate Web3’s Swap on Gate Layer has launched a 3,000,000 GM community reward pool running from December 19 to December 27. Users who purchase GM and provide GT/GM liquidity, then hold LP tokens for at least two days, will earn standard swap fees plus a share of the daily-distributed GM rewards. Reward distribution is proportional to each user’s GM LP token share and accumulates daily—longer holding and larger LP positions increase total returns. Gate Swap is an AMM DEX built for the Gate Layer ecosystem focused on liquidity provision and efficient trading via optimized mechanics and smart liquidity management. The promotion targets liquidity incentives to deepen market liquidity for GT/GM pairs and attract user participation. This is a limited-time incentive aimed at boosting on-chain liquidity and trading activity for the GM token and GT/GM pool.

Ripple has acquired a minority stake in U.S.-regulated broker-dealer TJM Investments to support the firm’s trading and clearing operations and extend Ripple Prime’s institutional services. Financial terms were not disclosed. The deal positions Ripple Prime as a prime-broker-style platform offering OTC trading, financing, and collateral tools to hedge funds, family offices and asset managers, while keeping Ripple Prime as the infrastructure provider for TJM’s execution and clearing. TJM says it will expand digital-asset coverage in coming months; XRP and Ripple’s RLUSD stablecoin are likely early candidates given Ripple Prime’s existing listings. The partnership emphasizes regulated market structures, predictable settlement and links to traditional intermediaries rather than offshore venues. For traders, key watch points are TJM’s final asset list, execution venues, custody and clearing arrangements, and financing/margin terms — those specifics will determine whether the tie-up drives meaningful institutional order flow (and potential liquidity) into XRP and other supported assets. Primary keywords: Ripple, Ripple Prime, TJM, XRP, prime brokerage, institutional flow. Secondary/semantic keywords: broker-dealer, OTC trading, clearing, custody, regulated market, institutional on‑ramp.

Taiwan’s Ministry of Justice (MoJ) disclosed it currently holds 210.45 BTC plus roughly NT$1.3 billion in seized cryptocurrencies, primarily dollar-pegged stablecoins, plus ETH, BNB, TRX and Livepeer. The assets were seized during criminal investigations and are classified as proceeds of crime; officials say disposal options include public auction with proceeds to state coffers, but no final decision has been made. The disclosure reignited political debate after lawmaker Ko Ju-Chun urged evaluating bitcoin as a national reserve asset, calling virtual assets a matter of financial sovereignty. Separately, Taiwan’s central bank and Financial Supervisory Commission (FSC) are advancing tighter stablecoin oversight and a Virtual Asset Services Act (VASP). The central bank has asked for a formal supervisory role and recommended issuers hold part of reserves with it; the FSC says the VASP passed initial reviews and specific stablecoin rules could follow within six months, making a local stablecoin unlikely before late 2026. Key points for traders: reported government holding equals 210.45 BTC; total seized crypto value ~NT$1.3bn; stablecoins dominate holdings; regulatory tightening on stablecoins and a pending VASP may affect onshore stablecoin liquidity and market structure.

Traders are debating whether 2025’s price drops mark a fresh bear market or a late-cycle reset as macro divergence and regulatory signals shape expectations for 2026. Bitcoin fell below a key support level in Q4, dragging many large caps into year-to-date losses; only privacy tokens ZEC and XMR and Binance’s BNB posted positive yearly returns among top-50 assets. Global monetary divergence — U.S./U.K. rate cuts vs. Japan’s rate hikes — plus geopolitical risks have weighed on sentiment even as stablecoin supply has expanded, signalling latent on‑chain liquidity. Market pricing anticipates further Fed easing in 2026, feeding a narrative that renewed quantitative easing could revive risk assets. Separately, the Digital Asset Market CLARITY Act, which would split SEC/CFTC oversight and clarify which tokens are securities, is slated for Senate committee review in early 2026; proponents say it could end “regulation by enforcement” and improve legal clarity for firms. Key takeaways for traders: (1) broken BTC support increases mid-term downside risk and volatility, (2) growing stablecoin balances imply available liquidity that could fuel rallies if macro conditions turn dovish, and (3) passage of the CLARITY Act would be a structural positive for U.S. crypto markets by reducing regulatory uncertainty, though timing and amendments remain uncertain. Short-term: higher volatility and possible further downside until macro/regulatory catalysts align. Medium/long-term: liquidity and clearer rules could support a renewed upcycle if quantitative easing resumes.

The WLFI token deployer (address starting 0x407) made its first major exchange deposit, transferring 10 million WLFI tokens — roughly $1.3 million — to Binance. On-chain analysts flagged the move as significant because deployer addresses typically control initial token allocations, liquidity and strategic distributions. Possible motives include adding liquidity to WLFI trading pairs, preparing for exchange listings or partnerships, or positioning tokens for ecosystem expansion. Traders should monitor follow-up deposits, official WLFI team statements, and Binance trading volume and price action after the deposit clears. Short-term effects may include improved liquidity and price discovery; longer-term implications depend on whether the transfer is for listing/support or pre-sale/sell intent. Key SEO keywords: WLFI, WLFI deployer, Binance deposit, on-chain, liquidity, token listing.

On‑chain data show accelerated Ethereum (ETH) accumulation by whales and DeFi players during a recent dip below $3,000. Over a multi‑hour period more than 8,000 ETH was withdrawn from Binance — including withdrawals from newly created wallets of 3,504, 2,656 and 2,008 ETH — contributing to Binance reserves near 3.88M ETH and total centralized exchange holdings around a record low ~16.22M ETH. Exchange balances have been trending lower for weeks, with previous reports noting more than 700,000 ETH pulled from exchanges over 30 days. Network issuance (~17,000 ETH/week) is being largely absorbed by buyers and partially burned by smart contracts, while retail activity has declined. Notable flows include 508 ETH moved by Arthur Hayes to Galaxy Digital and a large Hyperliquid long (roughly $600M) attributed to an aggressive whale. Open interest ticked up modestly to about $17.7B, driven mainly by concentrated whale positioning. Price action has been range‑bound between roughly $2,700–$3,000 with neutral sentiment (fear & greed ~42); YTD ETH is down ~11.5%. For traders: falling exchange supply and concentrated whale accumulation can tighten liquidity and amplify volatility. Monitor large withdrawals, concentrated derivatives positions (e.g., Hyperliquid), and changes in exchange balances and open interest for short‑term directional cues.

Terraform Labs’ court-appointed bankruptcy administrator has filed a $4 billion lawsuit in the U.S. District Court for the Northern District of Illinois against Jump Trading and two senior executives, alleging secret agreements, market manipulation and concealed interventions that allowed Jump to profit about $1 billion from the 2022 Terra crash. The complaint names co-founder William DiSomma and former trading head Kanav Kariya, alleging private purchases of millions of LUNA at steep discounts (one deal cited at $0.40 per token) and later sales above $110. Terraform claims Jump entered confidential deals to defend the UST $1 peg while publicly crediting Terraform’s algorithm, removed vesting restrictions to enable immediate token sales, and received transfers of nearly 50,000 BTC from the Luna Foundation Guard reserve during the May 2022 crisis. The suit also alleges contacts with other trading firms that accelerated Terra’s collapse. Jump denies the allegations as baseless and says the filing attempts to shift blame from Terraform founder Do Kwon, who pleaded guilty and was sentenced. Background: Terra’s 2022 collapse — triggered when UST lost its peg and LUNA experienced hyperissuance and sell-offs — wiped out tens of billions in market value; Terraform later filed for bankruptcy and agreed a multibillion-dollar settlement with U.S. regulators. Key keywords: Jump Trading, Terra crash, LUNA, UST, Luna Foundation Guard, market manipulation.

Masked attackers robbed a group in Oxford on November 4, seizing a Richard Mille watch worth about £450,000 and forcing one victim to transfer roughly £1.5 million in cryptocurrency. A 24-year-old, Abdul Malik Cali, was arrested at Heathrow and charged with five counts of conspiracy to commit robbery; he has been remanded and will appear at Oxford Crown Court in January. Five other people were arrested and later released on bail as investigations continue. Thames Valley Police are conducting door-to-door inquiries, CCTV and vehicle-tracking analysis, digital forensics, and financial and crypto checks; search warrants were executed in London and Birmingham. Authorities asked the public about sightings of a black BMW saloon, a blue Hyundai Ioniq, or a silver Mercedes-Benz Vito in Oxford between 1pm–4pm on November 4. Law-enforcement and industry groups warn this incident is part of a growing trend of violent “wrench attacks” — physical robberies that coerce victims to hand over crypto access. Security firms like TRM Labs note criminals prefer targeting people rather than systems, exploiting publicly visible wealth and irreversible crypto transfers. Recommended precautions for holders include stronger privacy online, multi-approval (multisig) wallet setups, improved personal and travel security, and educating family members about risks. The case highlights rising safety risks for high-net-worth crypto holders and ongoing police scrutiny of crypto-related criminal activity.

A dispute has erupted within the Shiba Inu community after the widely followed X account @shibtoken promoted Hachiko (HACHI), a Solana-based token, by amplifying a tweet that highlighted similarities between HACHI’s new contract address (x95HN…bWKyp) and Shiba Inu’s contract prefix (0x95), and used imagery of two dogs. Critics say the post implied an official association between HACHI and SHIB, misleading holders and damaging ecosystem credibility. Oscar Token and other ecosystem participants publicly rebuked the account, saying it no longer represents the project’s original focus. The incident revived prior concerns about @shibtoken’s unofficial status after past promotions — including Shiro Neko in late 2024 and a dual-staking scheme — led the fraud-alert channel Susbarium to warn the community that @shibtoken is not an official Shiba Inu handle. Launched in February 2021, @shibtoken has about 3.9 million followers and remains influential, meaning its posts can sway market perception despite repeated warnings. Traders should note the potential for short-term price volatility in SHIB and promoted tokens when high-following, brand-aligned accounts signal associations, and the risk of reputational damage that could affect longer-term confidence in ecosystem-led token value.

Terraform Labs’ court-appointed liquidator, Todd Snyder, has filed a $4 billion civil suit against quantitative trading firm Jump Trading and two executives, alleging coordinated behind-the-scenes transactions that propped up TerraUSD (UST) and unlocked LUNA sales ahead of the 2022 collapse. The complaint accuses Jump and defendants William DiSomma and Kanav Kariya of creating a false appearance of UST stability, misleading investors and profiting billions while contributing to the market implosion that erased tens of billions in value. Snyder’s claim references prior SEC findings that Jump’s crypto unit, Tai Mo Shan Limited, purchased roughly $20 million of UST during a 2021 peg stress event, received early-unlocked LUNA tokens, and later sold them — the SEC estimated Tai Mo Shan’s profit at about $1.28 billion and settled for approximately $123 million. Terraform’s estate has so far recovered about $300 million for creditors; the suit aims to recover billions more and to assign direct liability to Jump within the bankruptcy claims process. Jump Trading rejects the allegations, calling the suit a “desperate move” and pledging to defend itself. For traders, the case raises renewed regulatory and litigation risk around algorithmic market makers and could influence liquidity perceptions for algorithmic stablecoins and related tokens.

Market wrap for Dec. 19: Total crypto market cap reached $2.97 trillion with 24‑hour spot volume at $65.88 billion and derivatives volume at $247.34 billion. Global open interest stood at $73.14 billion. Bitcoin dominance was 59.19% and Ethereum dominance 12.00%. Notable prices: BTC $88,041.69 (+1.34%), ETH $2,951.33 (+3.96%), SOL $124.64 (+1.50%), BNB $843.75 (+1.05%). ETH gas averages 0.346228136 Gwei (low 0.346128136, high 0.3994626) per Etherscan. Exchange count listed as 55 and tracked cryptos 18,857. The report highlights broad market gains on the day with elevated trading volumes and sustained open interest, suggesting continued active participation in spot and derivative markets.

Research from RWA.io finds blockchain fragmentation is imposing a measurable drag on the tokenized real‑world asset (RWA) market, costing an estimated $600 million–$1.3 billion annually today. The report, compiled with input from 17 firms including Coinbase, Franklin Templeton and Polygon, estimates over $36 billion in tokenized RWAs now in circulation and identifies two main frictions: price dispersion and cross‑chain transfer costs. Identical or economically equivalent tokenized assets commonly trade 1%–3% apart on different chains. Moving assets between chains typically incurs ~2%–5% loss per reallocation from exchange fees, slippage, gas, transfer delays and operational risk (model average ≈3.5%), making many arbitrage opportunities uneconomic. Ethereum holds roughly 52% of tokenized RWA value while Polygon accounts for a large share of tokenized bonds, underscoring a multi‑chain market with operational friction. RWA.io projects tokenized RWAs could expand to $16–$30 trillion by 2030; if fragmentation persists, annual value drag could scale to $30–$75 billion. RWA.io COO Marko Vidrih called fragmentation the main barrier to realizing the market’s multi‑trillion potential. Despite these inefficiencies, tokenization momentum continues — examples include Securitize’s on‑chain stock plans and Coinbase’s stock trading feature. For traders, fragmentation creates both arbitrage windows and heightened execution risk, higher transaction costs and lower effective returns on tokenized debt, private credit and commodity exposures.

Mutuum Finance (MUTM), an Ethereum-based decentralized lending protocol, has completed staged token phases with Phase 6 >99% allocated and raised about $19.3–19.4M. The project reports ~18,400–18,500 holders and a max supply of 4 billion MUTM, with ~820 million tokens sold across phases (price moved from $0.01 in Phase 1 to $0.035 in Phase 6). The team is preparing a V1 deployment on the Sepolia testnet in Q4 2025 that will introduce peer-to-contract liquidity pools (issuance of appreciating mtTokens to suppliers), peer-to-peer borrowing with variable and stable rates, debt tokens, and an automated liquidator bot. Initial asset support will include ETH and USDT. Security measures cited: Chainlink price oracles, a CertiK token scan score of 90/100, an ongoing Halborn audit of lending contracts, and a $50,000 bug bounty. Roadmap items beyond V1 include a protocol-native, borrower-interest-backed stablecoin and potential Layer-2 expansion to reduce fees and scale usage. Analysts in the coverage present staged valuation scenarios — short-term stability-driven targets (~$0.12–$0.18), post-V1 adoption range (~$0.25–$0.30) and a longer-term bullish path to $0.40–$0.60 — contingent on execution and market conditions. The narrative positions MUTM at $0.035 as a low-priced entry with supply tightening from staged sales; the next token phase is expected to lift price roughly ~20%. Note: the source is a sponsored piece and not investment advice.

Astana Financial Services Authority (AFSA) has increased the Bitfinex Securities AIFC entity platform limit by $100 million to $310 million, citing growing global demand for tokenised securities. The move allows Bitfinex Securities to facilitate additional capital raises and secondary market trading for tokenised assets. Bitfinex Securities — which also operates a regulated entity in El Salvador — reported approaching $250 million of tokenised listed assets across its platform as of September 2025. Listed assets include tokenised subordinated debt from a UK community bank, tokenised Bitcoin-mining exposure in North America, tokenised US Treasury bills, tokenised equity tied to UK motor-industry litigation finance, and bonds investing in microfinance in emerging markets. Bitfinex Securities joined AFSA’s Fintech Lab in September 2021, has listed over $200 million in tokenised securities (including Mikro Kapital bonds and the 2022 Blockstream Mining Note), and is applying to migrate from the Fintech Lab to become an Authorised Investment Exchange. Primary keywords: Bitfinex Securities, tokenised securities, AFSA, AIFC, platform limit. Secondary/semantic keywords included: tokenisation, capital raising, secondary market trading, regulated digital assets, fintech sandbox.

A crypto trader using the handle BullNakedCrypto reported a 1,366% profit from a months-long short on XRP, executed with 50x leverage, after XRP fell to about $1.81 during a broader market downturn. XRP has declined from its July peak near $3.66 and traded around $1.87 at the time of reporting, losing roughly $103 billion in market cap and ranking fifth by market capitalization. The trader did not disclose position size; a reported entry shown in his snapshot was about $2.50 (last seen on Nov. 13, 2025). Analysts note the gain largely reflects broad market weakness rather than unique XRP failure — similar leveraged shorts on assets like SOL would have also produced outsized returns. Year-to-date, XRP has declined about 10.4%, underperforming some peers but outperforming others (Solana down more, Ethereum down ~11%). The post included provocative commentary from the trader; the article reminds readers this is informational and not financial advice.

Real Vision founder Raoul Pal says Zcash’s sharp 2025 rally appears driven mainly by capital rotation within crypto rather than a durable, structural bull trend. ZEC has surged roughly 700–745% year-to-date and saw its market cap jump from about $1 billion in August to over $7 billion by early November, helped by retail momentum, social-media attention (including comments from Arthur Hayes) and rising institutional interest such as a Grayscale filing to convert a Zcash-linked fund into a spot ETF. Momentum has since cooled: ZEC lost roughly 37% in the past month. Pal told the When Shift Happens podcast that traders should treat the move as rotation until ZEC forms a stable price base and can hold up when the broader market advances. He is unlikely to chase current levels and would consider buying on a pullback. Key trader takeaways: watch base formation, volume trends, ETF/institutional developments, and overall market direction; short-term reversals are possible if rotation unwinds.

Jurien Timmer, Global Macro Director at Fidelity, signalled the end of the latest bitcoin bull cycle after the October peak near $125,000. Citing bitcoin’s historical four‑year halving cycles and timing, Timmer says the October high — reached after about 145 months of cumulative rallying — aligns with prior cycles and suggests a typical ~1‑year ‘bitcoin winter’ may follow. He views 2026 as a potential “year off” for bitcoin with key support positioned between $65,000 and $75,000. Timmer, though remaining a secular bitcoin bull, contrasted bitcoin’s weakness in 2025 with gold’s strong performance (gold up ~65% year‑to‑date), noting gold has retained most gains through a correction — behaviour he says is consistent with a bull market. Key takeaways for traders: primary keyword — bitcoin — appears twice; watch support at $65k–$75k, monitor macro drivers that favour gold, and prepare for elevated volatility and possible downside over the next year. Relevant keywords: bitcoin, crypto winter, halving cycle, gold, market support.

Ozak AI (OZ) has sold over 1 billion tokens and raised about $4.9 million in its presale, while Bitcoin has seen a recent pullback. The presale price moved from $0.001 to $0.014 (≈14×). The project markets an AI + DePIN narrative with features such as AI agents, real-time analytics feeds, staking and governance utility, decentralized storage, and the November-launched x402 Protocol that bills users only for compute consumed — a cost-saving claim that supports autonomous agents. Analysts cited in coverage project aggressive upside for OZ, with scenarios ranging up to $5 by 2028 (implying as much as ~420× from current presale levels) and other earlier reports suggesting targets like $10 by 2029. The piece is sponsored content and not investment advice. Key takeaways for traders: measurable presale traction (~$4.9M), clear product and token-utility narrative (staking, governance, liquidity), strong short-term buying interest driven by speculative ROI models, and typical presale execution and liquidity risks. Monitor token unlock schedules, on-chain distribution, roadmap execution (including x402 adoption), and broader market risk appetite — all will materially affect OZ’s short- and long-term price performance.

Binance Wallet will launch a Bitway (BTW) Pre‑TGE and Booster Plan starting December 22, 2025. The booster allocation totals 300,000,000 BTW. Participation requires holding Binance Alpha Points; further Pre‑TGE eligibility criteria and detailed mechanics have not yet been disclosed. Official sources cited by Coinotag indicate the initiative is intended as an on‑ramp for the Bitway ecosystem. Traders should monitor official Binance Wallet channels for announcements that will determine timing, allocation rules and any changes to BTW supply that could affect market liquidity and short‑term price action.

South Korea is preparing to lift its seven-year ban on domestic initial coin offerings (ICOs) by drafting the second phase of the Digital Asset Basic Act, potentially effective in 2025. The draft aims to allow onshore ICO fundraising under mandatory information-disclosure rules—requiring projects to publish team credentials, technology details, use of funds and risk factors—bringing token sales under local regulatory oversight. The law also targets stablecoins: major overseas stablecoins such as USDT and USDC would be barred from domestic trading unless issuers establish a local presence and comply with South Korean AML and capital reserve requirements. Regulators say proposals are not final and remain under interagency review. Expected benefits include retaining blockchain projects and protecting local investors; challenges include enforcement costs, monitoring requirements and potential short-term liquidity disruption on exchanges. The Financial Services Commission (FSC) is coordinating discussions; the timeline for passage and exact provisions may change before parliamentary review.

The global crypto market cap fell to $2.93 trillion — an eight‑month low — wiping out 2025 gains and sliding roughly one-third from the October $4.4T peak. CoinGecko data shows the market is down about 14% year‑to‑date and range‑bound since March 2024. Sentiment indicators signal “extreme fear”: the Fear & Greed Index sits near 16 and Santiment reports rising negative social chatter. Recent macro moves, notably the Bank of Japan’s rate hike to 0.75%, tightened liquidity and contributed to risk‑off flows that pressured prices. Bitcoin traded around $86–87k in the latest sessions with intraday ranges near $84.5k–$89.5k; analysts warned of further downside in the short term — some forecasting 10–20% drops in altcoins and possible capitulation scenarios for BTC — while others noted brief rebounds after policy shocks. Bloomberg Intelligence offered a highly bearish comparison to past crashes, whereas traders and fund managers flagged the pullback as a possible accumulation window for fundamentally strong DeFi and layer‑2 projects if institutional interest persists. Key trader takeaways: heightened volatility and systemic risk; monitor Bitcoin support levels (~$82.5k) and short‑term sentiment indicators (Fear & Greed, Santiment social data) for bounce signals; expect tactical downside but consider selective accumulation in high‑quality projects depending on risk tolerance and time horizon.

Metaplanet, a Japanese Bitcoin-treasury company that has accumulated about 30,823 BTC since April 2024, will begin trading sponsored American Depositary Receipts (ADRs) on the US over‑the‑counter market under the ticker MPJPY. Trading is expected to start Friday. Deutsche Bank Trust Company Americas will act as depositary and MUFG Bank as custodian. The ADR program converts existing common and preferred shares into dollar‑denominated ADRs on a one‑to‑one basis and is explicitly not a capital raise; it is intended to broaden US retail and institutional access to Metaplanet equity and complement (but remain distinct from) its MTPLF OTCQX listing. The company established a US subsidiary in Miami with $15 million initial capital. Metaplanet paused additional Bitcoin purchases after 29 September 2025 but maintains its treasury of roughly 30,823 BTC, which underpins ADR valuation. The market‑to‑Bitcoin NAV ratio recovered to about 1.12 following a mid‑October dip below the BTC holding value. For traders: the ADRs create easier dollar‑denominated access to Metaplanet’s BTC exposure and may increase US liquidity and investor participation without diluting holdings. Monitor post‑listing trading volumes, BTC spot price moves, and any changes in Metaplanet’s treasury policy for short‑term signals and potential impact on BTC correlation with digital‑treasury equities.

The Bank of Japan raised interest rates to their highest level in 30 years, a move that weakened the yen and prompted risk-on flows into assets including Bitcoin. The policy shift marks a notable pivot from Japan’s long-standing ultra-loose stance and has immediate FX implications: a softer yen increases the appeal of dollar-priced assets and risk assets. Traders are closely watching volatility in FX and crypto markets, as rate-driven capital reallocation can accelerate crypto inflows. Market participants expect higher yields in Japan to pressure government bond prices and alter cross-border carry trades, potentially supporting demand for Bitcoin as an inflation-hedge and alternative store of value. Key takeaways for traders: monitor yen/USD moves, Japanese bond yields, and Bitcoin correlation with risk appetite; watch for short-term volatility spikes and breakout opportunities if capital reflows sustain.

Cardano founder Charles Hoskinson said in a recent livestream that the modern global financial system operates like a Ponzi scheme, sustained by shifting liabilities rather than real repayment. He highlighted global debt at roughly $338 trillion and warned it is accelerating toward $500 trillion, a level he deems unpayable. Hoskinson argued governments refinance debts, central banks inject liquidity, and institutions roll obligations forward, masking systemic fragility. He warned this dynamic increases the risk of a major financial crisis as debt outpaces productivity. The piece cites proponents who view crypto as a hedge — mentioning Robert Kiyosaki, Jim Cramer, Senator Cynthia Lummis and a reported Strategic Bitcoin Reserve initiative — but notes the article is informational and not financial advice.