Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bitcoin extended its decline to a six-month low near $95,500 after dropping over $10,000 in three days. The sell-off was fueled by rumors that MicroStrategy had offloaded $1 billion worth of BTC, a claim stemming from an obscure X account and amplified by prominent observers. Lookonchain later clarified that MicroStrategy moved 58,915 BTC (about $5.77 billion) internally for custody, not sale. Co-founder Michael Saylor has reiterated the firm’s commitment to accumulating Bitcoin, currently holding over 641,000 BTC. The downturn has triggered roughly $1.2 billion in liquidations, impacting over 260,000 traders.

An Economist cover story labels Taiwan’s long-standing policy of keeping the New Taiwan dollar (NTD) weak as “Formosa flu,” arguing that the strategy sacrifices domestic purchasing power to boost export competitiveness. Over the past five years, AI and semiconductor exports have tripled, with AI server shipments up 202.2% year-on-year in October 2025. Taiwan’s current account surplus reached 16% of GDP—higher than Germany’s—while the central bank intervenes heavily to prevent the NTD from appreciating. Economist warnings highlight three pressures: higher import costs acting as a hidden tax, surging property prices—Taipei’s house-price-to-income ratio hits 16—and a $200 billion (25% of GDP) currency mismatch in life insurers’ balance sheets. Their prescription: emulate Singapore’s gradual NTD appreciation. Critics counter that a weaker NTD is a critical element of Taiwan’s economic “defense,” allowing TSMC, Foxconn and other exporters to maintain profit margins in global competition. Sudden or large-scale NTD gains could trigger profit shocks akin to Japan’s post-Plaza Accord “lost decades.” The real debate, they argue, lies in wealth distribution and fiscal reform—not FX policy alone.

Strategy, a business intelligence firm using preferred-stock structures to drive adoption among risk-averse investors, transferred $5.7 billion in Bitcoin to new wallets. Data from Lookonchain indicates the move was a Bitcoin custody restructuring, not a sale. Analysts suggest the shift helps Strategy enhance credit ratings and institutional access. The company now holds 641,692 BTC, valued at over $62 billion. The transfer underscores Strategy’s long-term commitment to Bitcoin custody. It also highlights ongoing institutional interest in secure crypto custody. As no coins were sold, the impact on circulation is minimal. The reshuffle may pave the way for future acquisitions through traditional finance channels. Traders should note the strong holding pattern rather than a market exit.

Tesla stock fell below $400 in pre-market trading, extending a recent slide driven by broader tech sell-off and weak EV demand. Shares dropped 6% after falling to $402 in Thursday’s session. Analysts cut earnings forecasts, citing soft demand in China and Europe. Tesla stock faces further pressure as costly projects like Robotaxi and Optimus remain unprofitable. Additional drag comes from ARKK’s ongoing share sales. The S&P 500, Nasdaq, and Russell 2000 all broke key support levels, signaling widespread technical sell signals across growth assets.

Harvey AI, a legal technology platform founded by former first-year associate Winston Weinberg, has surged from a $3 billion to an $8 billion valuation in under a year. Built on GPT-3, Harvey AI serves 235 clients across 63 countries, including top U.S. law firms, and reached $100 million in annual recurring revenue by August 2025. The startup’s core innovation lies in its “multiplayer” platform that enables secure collaboration between in-house lawyers and external stakeholders while navigating complex ethical walls and data-privacy laws. Weinberg’s unconventional growth strategy focused on creating tangible value before fundraising, earning backing from Sequoia Capital, Andreessen Horowitz, Kleiner Perkins and other leading VCs. Harvey AI distinguishes itself by collecting workflow data and moving toward outcome-based pricing for specific legal tasks. It also positions AI as a training tool for junior associates rather than a replacement, aiming to enhance productivity in complex matters like mergers and acquisitions. With its robust investor roster and advanced AI workflows, Harvey AI is poised to reshape legal practice worldwide.

Bitwise CEO Hunter Horsley told investors that Bitcoin’s roughly six-month bear market is nearing its end, driven by the launch of spot Bitcoin ETFs and shifts in market dynamics. According to Horsley, the traditional four-year cycle models no longer apply as new participants, liquidity mechanisms and motivations fire up a more robust market structure. Despite recent sharp corrections tied to US government shutdowns and Fed rate uncertainties, Horsley maintains a medium-to-long-term bullish outlook on Bitcoin. He highlighted that ETFs have attracted institutional capital, changing transaction flows and supporting price stability. Traders should monitor ETF inflows and new liquidity sources, which could catalyze a sustained bull run in the coming months.

Binance Alpha has launched the new Solana-based token PLAYSOLANA, giving users early access through the Binance Wallet’s on-chain trading service. This strategic listing reflects Binance’s confidence in the Solana ecosystem and its growth potential. Binance Alpha applies a rigorous vetting process—covering project fundamentals, team expertise, community engagement, market viability and security audits—to ensure only high-quality early-stage coins reach its platform. By adding PLAYSOLANA, traders benefit from simplified trading, enhanced security and portfolio diversification into high-performance Solana projects. Investors should note that early-stage tokens like PLAYSOLANA carry higher volatility and risk. It is recommended to research tokenomics, start with small positions and set clear risk parameters. Overall, the PLAYSOLANA listing on Binance Alpha sends a bullish signal for Solana-based assets and early crypto investment strategies.

In one of 2025’s largest Bitcoin transfers, a wallet linked to Strategy moved 58,915 BTC (about $5.8 billion) to a new address. On-chain analytics firm Lookonchain reports the Bitcoin transfer likely supports institutional custody and enhanced security measures. Large BTC transfers often signal cold storage upgrades, regulatory compliance preparation, or asset consolidation. Institutions now favor multi-signature wallets, geographically distributed cold storage, and insured custody services. This Bitcoin transfer reflects growing professional asset management and market maturity. While such movements once triggered volatility, traders now view operational transfers as normal, limiting immediate price impact. Monitoring blockchain analytics for future large transfers can offer valuable insights into institutional behavior and emerging market trends.

Grayscale IPO has moved forward with an S-1 registration statement filed with the US SEC. The company plans to list its shares as “GRAY” on the NYSE. This public filing follows a confidential draft submission in July and coincided with the SEC’s return after a 43-day shutdown. With $35 billion in assets under management, Grayscale reported net revenues of $318.7 million and net income of $203.3 million in the first nine months of 2025, a 20% revenue decline year-on-year. Morgan Stanley and BofA Securities are the lead underwriters. The Grayscale IPO joins recent listings by Circle, Gemini, and Bullish. Despite BTC and ETH volatility and swings in ETF performance, the IPO marks a key step toward broader institutional access to digital assets. It also signals growing market maturity.

Bitcoin recently slipped under $100,000 to a six-month low of $96,094, triggering $509 million in liquidations of leveraged long positions. Despite this sharp crypto pullback, overall trader sentiment remains net bullish, with many viewing the drop as a buy-the-dip opportunity. Smart money is rotating from high-risk leverage plays into projects offering real utility: Best Wallet Token (BEST), PepeNode (PEPENODE) and XRP (XRP). BEST serves as a utility token within a self-custodial Web3 wallet ecosystem, offering fee discounts, launchpad access and up to 77% staking yields; its presale has raised over $17 million and forecasts a 2280% ROI if it reaches $0.62 by 2026. PEPENODE gamifies mining with a mine-to-earn model, has raised $2.1 million in presale, and offers 604% staking APY; models project a 528% upside by late 2026. XRP, trading around $2.26 with deep liquidity and near-instant settlement, remains a stable choice for cross-border transfers and large-cap altcoin exposure. Traders should conduct their own research before investing.

Altcoins are holding near major support levels despite a broader market slide, with the altcoin market cap (excluding Bitcoin) approaching critical Fibonacci zones. A breakdown to $940 billion (0.618 level) or $717 billion (0.786 extension) would signal a deeper correction, while a rebound could target $1.42 trillion and $1.55 trillion resistance. Bitcoin’s fate remains central: its failure to stay above the main ascending trendline around $95,700 risks dragging altcoins lower. Meanwhile, USDT Dominance shows signs of a bearish breakout from a descending trendline, echoing previous bull-market peaks when stablecoins held value rather than moving into crypto. A topping Stochastic RSI suggests dominance may soon pull back, but confirmation is required. On the macro side, the U.S. Dollar Index (DXY) was rejected at the $100 level, hinting at potential dollar weakness. Historically, a softer dollar boosts crypto inflows, offering hope for a recovery if Bitcoin and altcoins defend their supports. Traders should watch Bitcoin’s trendline and USDT Dominance for cues on short-term downside risk versus potential recovery.

FASB plans to add crypto asset transfers to its technical agenda at the November 19 meeting, broadening its 2023 crypto accounting standards and clarifying derecognition guidance for digital asset movements. Under ASU 2023-08, fungible tokens such as Bitcoin (BTC) and Ethereum (ETH) are already recorded at fair value each reporting period, replacing the cost-less-impairment model. The new project will cover stablecoins, wrapped tokens and NFTs, and assess whether certain digital assets qualify as cash equivalents. By integrating crypto asset transfers into formal standards, FASB aims to improve transparency, standardize reporting and strengthen corporate disclosures in digital asset accounting. The updated crypto accounting standards should reduce inconsistencies across financial statements and foster greater institutional confidence in the crypto market.

The UAE’s new Federal-Decree Law No. 6 of 2025, effective 16 September, marks a sharp crypto crackdown. Article 62 brings Bitcoin wallets, APIs, blockchain explorers and analytics platforms under Central Bank regulation. Unlicensed providers face fines from AED 50,000 to AED 500 million and potential imprisonment. Article 61 further extends licensing to all marketing, promotions and online posts about crypto services. The law’s broad jurisdiction covers any crypto tool accessible in the UAE, including open-source wallets and analytics sites like CoinMarketCap. Dubai’s free-zone frameworks, such as VARA and ADGM, lose protection under the new federal rules. Developers and content creators worldwide must weigh the risk of incidental access by UAE users. Entities have one year until September 2026 to comply. Market experts warn this global tech enforcement may force some providers to withdraw services, reshaping infrastructure development and compliance costs.

Rising Bitcoin mining costs and network difficulty have pushed the sector into unprofitability, with the cost to mine one BTC reaching $113,307 against a market price below $100,000. Sector debt hit $12.7 billion as miners diversify. Leading firms—SOLAI (formerly Bit Mining), Bitfarms, CleanSpark, IREN, Cipher Mining, HIVE Digital, Hut 8 and Riot Platforms—are converting energy-intensive facilities into AI and HPC data centers, leveraging existing land, permits and power contracts to deploy GPU compute faster. Q3 results illustrate the shift: MARA’s revenue rose 92% to $252.4 m with $123.1 m profit, while Bitdeer’s revenue jumped 174% to $169.7 m despite a $266.7 m fair-value loss. While AI compute offers higher returns per kWh, it requires billions in capex and adds execution risk. Crypto traders should monitor miner debt, hash-rate concentration and AI partnerships to assess future Bitcoin mining profitability and energy market impacts.

Since mid-2025, the cryptocurrency market has faced high volatility and downward pressure. Total market capitalization has shrunk by 20–30% to $3.33 trillion, with Bitcoin dominance steady at 55% and volatility at 40%. Trading volume is waning and investor confidence remains low. Exchange-held Bitcoin reserves have dropped 8%, reflecting capital outflows to self-custody or safe-havens. Major tokens like SOL, ETH and BTC have fallen to late-2024 levels. Industry participants cite token oversupply, weak tokenomics, collapsed venture funding and reduced DeFi yields under 5%. Hacks and “black swan” events have further shaken the market. Looking ahead, analysts argue that global liquidity cycles—driven by U.S. bond supply and the Fed’s Standing Repo Facility—will supplant Bitcoin’s halving narrative. Projected liquidity injections of up to $10 trillion could channel $2–3 trillion into risk assets, fueling a broad crypto rally. At the same time, stablecoins are evolving into core financial infrastructure. Proposed U.S. CFTC rules may allow stablecoins as tokenized collateral. Growing regulatory clarity and real-world adoption in cross-border payments and corporate settlements will solidify stablecoins’ role. For traders, the key themes are liquidity-driven bullish bias for Bitcoin and the maturation of stablecoins as a foundation for new crypto applications.

The Ethereum interoperability roadmap, launched by the Ethereum Foundation under its Improve UX initiative, outlines three development tracks—Initialization, Acceleration, and Finalisation—to enable seamless asset, state, and service sharing across L1 and L2 networks. This Ethereum interoperability roadmap features key projects such as the Open Intents Framework for modular intent execution, the Ethereum Interoperability Layer (EIL) for permissionless cross-L2 transactions, and new ERC standards (7828/7930, 7811, 5792, 7683/7786) for unified addressing and messaging. Acceleration efforts aim to reduce confirmation times via faster L1 slots and optimized settlement, while Finalisation will integrate instant SNARK proofs for near-instant cross-domain finality. Vitalik Buterin’s proposal to shorten rollup withdrawal periods from seven days to one or two further underscores the push to eliminate UX bottlenecks. These upgrades, to be detailed at Devconnect on Nov 17, mark Ethereum’s shift from scaling to ecosystem integration, positioning interoperability as the last-mile infrastructure for mass Web3 adoption.

American Bitcoin, traded as ABTC on Nasdaq, reported $64.2 million in Q3 sales, a 453% year-over-year increase. The mining firm boosted its Bitcoin production and accumulation strategy, adding over 3,000 BTC to its reserves and ending the quarter with 3,418 BTC on balance sheet. Linked to Eric Trump’s business ventures, American Bitcoin expanded operations through the Gryphon merger and mining scale-up. Investors are eyeing the company’s accelerated growth in cryptocurrency mining and Bitcoin accumulation as it leverages rising market interest.

Bitcoin recovery gained momentum after news that the US government shutdown was resolved, restoring confidence across risk assets. With millions of furloughed employees returning to work, consumer spending and official economic data flow will normalize, helping traders gauge Federal Reserve policy outlook. Bitcoin (BTC) bounced from near $99,000 support and now faces key technical hurdles at the 50-, 100-, and 200-day moving averages around $110,000–$113,000. A sustained breakout above these levels could target $115,000 and $120,000, while a failure below $100,000 risks a deeper pullback toward $75,000. Meanwhile, interest in Bitcoin Hyper (HYPER), a Layer-2 presale solution for Bitcoin scalability, has surged, raising $26 million in weeks. This project aims to enhance transaction throughput while leveraging Bitcoin’s security. Traders should watch macro-economic data releases and technical confirmation to validate the rally. Overall, market sentiment is cautiously optimistic, but a clear catalyst will be needed to cement a lasting uptrend.

Bitcoin price faces renewed selling pressure as short-term holders transfer 29,400 BTC to exchanges at a loss. Long-term holders have distributed 815,000 BTC over the past month—the highest since January 2024—reflecting standard bull-market profit-taking rather than panic selling. On-chain data from Glassnode show long-term holder profit-taking rising from 12,500 BTC daily in early July to 26,500 BTC now. Whale wallets older than seven years continue processing over 1,000 BTC per hour in steady, staggered transactions. Bitcoin price has fallen 6.11% in 24 hours to about $96,627, testing the critical $102,000 support level. CryptoQuant CEO Ki Young Ju warns that a drop below the $94,000 cost basis of 6–12-month investors could confirm a bear cycle. Alex Adler’s on-chain model identifies deeper correction zones at $87,000 and $74,000 if the 365-day moving average is not reclaimed. Bitwise’s Hunter Horsley adds that Bitcoin ETFs and new market participants have reshaped the cycle. Overall, the dynamics suggest short-term weakness but limited long-term downside.

SACHI, a Web3 gaming universe, launches The Locker, a user-generated content (UGC) platform that enables players to design, mint and trade custom items as NFTs. Unlike traditional games offering limited presets, The Locker empowers gamers to personalize avatars with skins, emotes, charms and accessories. Creations can be minted on-chain and listed in SACHI’s NFT marketplace. Successful designers gain community recognition and potential revenue. CEO Jonas Martisius states, “The Locker is where identity becomes culture,” highlighting the tool’s role in shaping gaming trends. Built on Unreal Engine 5 with pixel streaming, SACHI supports AAA-quality gameplay across devices without downloads. By blending personalization with monetization, The Locker transforms fans into creators and strengthens the Web3 gaming ecosystem.

Mutuum Finance presale has raised $18.7M at $0.035 per token in Phase 6, selling over 86% of the 1.82 billion allocation. The DeFi lending project now counts 18,000 holders after moving 796 million MUTM, marking a 250% gain from its initial price. The platform rewards top contributors with daily token bonuses and now supports direct card purchases to lower barriers to entry. Traders eyeing low-cost, high-utility tokens can benefit from early participation. Mutuum Finance plans a V1 testnet launch on Sepolia in Q4 2025, featuring liquidity pools, mtTokens, debt tokens and a liquidator bot ahead of the 2026 mainnet deployment. Future tokenomics include a USD-pegged stablecoin and Chainlink oracles for accurate pricing. Audited by CertiK with a 90/100 rating and backed by a $50,000 bug bounty, the protocol emphasizes security. Analysts predict Mutuum Finance’s robust tokenomics and DeFi features could drive MUTM prices 5x–7x in the next bull run.

At a Senate Banking Committee hearing, Susan Miran, acting head of the Federal Reserve’s Division of Financial Markets, described stablecoins as transformational for emerging markets. She highlighted stablecoins’ potential to streamline cross-border payments, boost financial inclusion, and lower remittance costs in developing economies. Miran noted the recent launch of FedNow and President Biden’s executive order on digital assets as steps toward a modern U.S. payments infrastructure. While praising the benefits of stablecoins, she stressed the need for robust regulation and clear oversight to mitigate risks, including financial instability, money laundering, and operational failures. The Fed official called for comprehensive legislation to define issuer responsibilities, ensure consumer protection, and support innovation. Industry stakeholders await new rules that could reshape the stablecoin landscape and influence the broader crypto ecosystem, particularly in emerging markets where digital payment solutions are in high demand.

XStocks daily trading volume surged past $10 billion in November 2025, marking a new milestone for tokenized equities. Backed by Kraken and Hyperliquid inflows, XStocks became the leading brand under the new tokenized share standard. Around $9.66 billion of the $10 billion total volume was traded on centralized exchanges, with $341 million on DEXs. Solana emerged as the top network for tokenized equities, hosting over 90% of all XStocks minting and 77% of transfer volumes. While XStocks also launched on BNB Chain, Ethereum and Arbitrum, Solana remains the preferred hub. Total value locked in XStocks approaches $100 million, securing Solana a spot among the top 5 chains for RWA tokenization. XStocks are extending into DeFi as a collateral class. Falcon Finance now accepts them for USDf minting, and Kamino Lend added XStocks as collateral. Major stocks like Tesla (TSLA) and Nvidia (NVDA) dominate trading activity. The rapid growth in XStocks volumes and Solana’s RWA leadership signal bullish momentum in tokenized asset markets.

OAK Mining, a next-generation cloud mining platform, reports that XRP users can now earn up to $6,899 in daily passive income through its contract-based mining services. The platform offers free registration with an $18 bonus, supports nine major cryptocurrencies (including XRP, BTC, ETH, USDT), and imposes no service or management fees. Contract terms range from 2 to 50 days with investment sizes between $100 and $100,000, and earnings begin the day after purchase. Payouts are daily and can be withdrawn or reinvested. McAfee® and Cloudflare® security, 100% uptime, and 24/7 support underpin the service. According to CryptoMetrics, demand for stable cloud mining income is rising as investors seek predictable returns amid volatile markets.

CryptoQuant CEO Ki-young Ju said the current market correction does not signal a bear market for Bitcoin unless the Bitcoin price falls below $94,000. Macroeconomic uncertainties—including a 43-day US government shutdown and unclear timing of Fed rate cuts—triggered the recent Bitcoin price drop. On-chain data shows the average acquisition cost for investors over the past six to 12 months is $94,000. Ju highlighted this level as a critical support. Until Bitcoin price decisively breaks below this threshold, the downturn cannot be confirmed as a bear cycle. Traders are advised to monitor the key support level rather than assume a prolonged bearish trend.

Canary Capital’s XRP ETF kicked off with $250 million in first-day inflows, marking the strongest debut among over 900 ETFs launched in 2025. The fund recorded $58 million in trading volume and leveraged an SEC-approved in-kind creation model, enabling direct share-for-XRP token exchanges and drawing large inflows without inflating volume figures. Smart-money investors swiftly rotated into XRP longs after the launch. Data from Nansen shows they added $44 million in net long positions within 24 hours, bringing total XRP longs to $49 million and holding $55 million in net shorts on Solana (SOL). Bitget analyst Ryan Lee described the price move as a “healthy reset,” positioning XRP for a potential next wave. In contrast, spot Bitcoin ETFs saw a massive $866 million outflow—one of the largest single-day reversals on record. This divergence reflects a shift from Bitcoin ETF investments toward altcoins and crypto ETFs like the XRP ETF. The success of Canary Capital’s ETF underscores renewed demand for decentralized tokens beyond Bitcoin and could signal a broader bullish rotation across the crypto ETF sector.

Pig-butchering scams are a growing crypto fraud threat that now ranks as a national security concern. In this long-term deception, fraudsters build trust with victims—often via romance or friendship—before steering them into fake cryptocurrency investment platforms. Chainalysis reports that pig-butchering scam revenue climbed by nearly 40% year-over-year in 2024, contributing to overall crypto scam losses of over $9.9 billion. In 2023, the US Department of Justice seized roughly $112 million linked to pig-butchering scams. Fraud rings in Southeast Asia operate dormitory-style compounds where trafficked workers exploit victims, blending human trafficking, money laundering and crypto rails into a transnational crime model. Victims often face repeat attacks from fake recovery firms promising to retrieve lost funds. Authorities are stepping up. The DOJ has formed a “Scam Center Strike Force” targeting Chinese-linked investment fraud networks, while APAC agencies, along with Chainalysis, OKX, Tether and Binance, froze $47 million in illicit funds. Experts say blockchain transparency can help regulators and virtual asset service providers disrupt scams at cash-out points. Traders should watch for red flags such as unrealistic returns, rapid expressions of affection online and requests for emergency funds. Heightened enforcement and new sanctions may tighten crypto on-ramps and off-ramps, impacting market liquidity and compliance requirements.

Bitcoin slipped to a six-month low near $96,000 as equities tumbled. Traders cut leverage amid government shutdown worries. Long-term holders released about 815,000 BTC in the past month. This supply shock drove spot prices down almost 6%. Capital rotation is favoring utility-driven cryptocurrency presales. Bitcoin Hyper (HYPER) leads this shift. Its presale raised $27.5M at $0.013275 per token. One whale bought $502,000 in HYPER. Staking rewards stand at 42%. Bitcoin Hyper is a Bitcoin-secured Layer 2. It offers fast, low-cost BTC transfers and dApp execution. The project uses an SVM execution layer, ZK proofs, and a canonical bridge to the main chain. Audits by Coinsult and SpyWolf enhance security. For traders seeking Bitcoin exposure without direct price swings, Bitcoin Hyper’s presale provides an alternative. However, cryptocurrency markets remain volatile and risky. Investors should perform independent research before participating.

New research from Protocol Theory and CoinDesk shows APAC crypto adoption approaching 25% among internet users, driven by growing stablecoin use and a maturing market. However, onboarding friction remains around education and trust. Wallet providers with multi-chain support, transparent fees and clean swap interfaces stand to gain market share. The Best Wallet app and its native token, $BEST, have capitalized on these trends. Its presale has raised over $17 million at $0.025945 per token, offering 77% staking rewards, fee discounts, governance rights and access to token launchpads. Key features include non-custodial multi-chain support, in-app buying, portfolio tracking, MEV protection and no added fee markups. With APAC crypto adoption accelerating, products that blend modern fintech UX with incentive loops are poised for growth. $BEST token presale closes in two weeks. Price forecasts suggest a potential rise to $0.60 by end-2026, driven by network effects, exchange listings and sticky user growth. Traders should watch presale milestones, listing schedules and roadmap execution to gauge upside potential.