Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

The US Senate Banking Committee advanced the confirmation of FDIC acting Chair Travis Hill on a 13-11 party-line vote. This paves the way for a full Senate vote that could make Hill the permanent FDIC head. Committee Chair Senator Tim Scott endorsed Hill’s qualifications. Senior Democrat Senator Elizabeth Warren criticized Hill’s failure to detail measures addressing past FDIC leadership’s workplace culture scandals. The FDIC continues its significant role in cryptocurrency regulation.

Divergence among Federal Reserve officials over the Fed rate cut path has increased market uncertainty. Persistent inflation concerns lead many policymakers to adopt a cautious stance on further rate cuts. Michael Lorizio of Manulife Investment Management notes that the lack of high-quality economic data makes it difficult for traders to form a confident outlook on the US economy. Consequently, US Treasury yields have traded in a narrow range as market participants await fresh catalysts. The release of the Fed’s October meeting minutes is expected to reveal how many officials may oppose a December rate cut and help markets refine expectations. Traders will monitor clues on the Fed rate cut path closely to adjust their positions accordingly.

Aave has launched its V4 testnet and opened the entire codebase for public audit. The release also introduces “Aave Pro,” a developer preview interface designed for DeFi-native users to test new features and execution methods. Aave V4 adopts a novel Hub-and-Spoke architecture, centralizing liquidity flows through dedicated “Liquidity Hubs” rather than dispersing funds across isolated markets on a single chain. This design aims to enhance capital efficiency and streamline cross-market interactions. Developers and community members can now review the open-sourced code, trial integrations with Aave Pro, and provide feedback ahead of the mainnet rollout. The Aave V4 testnet launch marks a critical step toward scaling the protocol and improving user experience in decentralized finance.

Bitcoin price dipped below $90,000 on November 19 at 23:56 UTC, sliding by 3.01% over 24 hours to $90,187.89. Open interest across futures markets stands at $136.97 billion, with $214.39 million in long position liquidations in the past day. This sharp price decline has fueled extreme market panic, intensifying volatility and triggering significant futures liquidation among traders.

Bitcoin price eased 0.64% over the last 24 hours to around $91,265, down from $95,359 as recent charts show muted volatility. On the hourly timeframe, the price sits in a neutral trading range between $89,964 support and $92,779 resistance, limiting sharp moves. A close near the day’s low could push Bitcoin price toward the $86,000–$88,000 zone. Daily technicals indicate sellers dominate; a break below $90,000 support may trigger deeper corrections to $80,000–$85,000. Traders should monitor these support and resistance levels for potential entry or exit points and watch for a midterm decline toward $88,772 by month-end.

Cypherpunk Technologies, backed by the Winklevoss brothers, has made a strategic Zcash investment of $18 million, acquiring an additional 29,879 ZEC tokens. This brings the firm’s total ZEC holdings to 233,644, underscoring growing institutional interest in privacy coins. The move highlights portfolio diversification beyond Bitcoin (BTC) and Ethereum (ETH) amid rising regulatory scrutiny around privacy-focused cryptocurrencies. Large-scale purchases like this can reduce circulating supply, boost market liquidity, and enhance price stability. Institutional due diligence signals strong confidence in Zcash’s technology, development roadmap and long-term value proposition. This transaction could prompt other investors to reconsider Zcash investment strategies, potentially driving broader adoption and increased trading volume in the privacy-coin sector.

Barstool Sports founder Dave Portnoy has reinforced his crypto portfolio during a market dip, purchasing $1 million in XRP, $750 000 in Bitcoin (BTC) and $400 000 in Ethereum (ETH). Portnoy previously sold his XRP holdings at $2.40 in July, just before XRP surged to $3.60. He now sees XRP trading around $2.10 as a buy-the-dip opportunity and has adopted a long-term hold strategy. His aggressive accumulation highlights growing whale interest and may signal bullish momentum for XRP and the wider crypto market.

A major Ethereum whale has opened a 15x leveraged long position worth $183 million, while an XRP whale holds a 10x long of $93.41 million. Both positions face an unrealized loss of about $21.5 million, underscoring elevated mark-to-market risk. The Ethereum whale’s aggressive bet signals continued demand for amplified exposure on ETH. Meanwhile, the XRP position highlights similar risk appetite. Traders should watch margin requirements and liquidity conditions closely. Rising market volatility may trigger liquidations and force further sell-offs. Monitoring funding rates and exchange liquidity will be key for navigating potential sharp moves in ETH and XRP.

Influencer Haliey Welch, known as Hawk Tuah, is named in a new federal class action lawsuit alleging she promoted a Solana meme coin that collapsed minutes after launch. The complaint claims Welch earned up to $325,000 for steering retail investors into the token, which spiked to a $490 million market cap before crashing over 90%. Insiders allegedly sold more than $1.2 million during the brief rally, reflecting a classic rug pull structure. The amended filing links the incident to earlier meme coin failures—LIBRA, M3M3, and AIAI—suggesting repeated extraction patterns from related wallet clusters. Defendants include Welch’s manager and her 16 Minutes LLC, accused of orchestrating the full marketing funnel. Burwick Law seeks to expand fraud claims and unmask remaining participants, with ongoing on-chain investigations into similar Solana meme coin collapses.

New Hampshire’s Business Finance Authority has approved the state’s first $100 million bitcoin-backed municipal bond, marking a new bridge between public finance and digital assets. The taxable conduit revenue bond for WaveRose Depositor LLC is overcollateralized with 160% of its face value held in BTC custody by BitGo, with an automatic liquidation threshold set at 130% to protect investors. Supervised by the state but without a government repayment guarantee, the bond insulates taxpayers from market risk. Fees and any collateral gains will flow into the newly established Bitcoin Economic Development Fund to support local entrepreneurs. Developed by Wave Digital Assets in partnership with Rosemawr Management and legal support from Orrick, the offering targets institutional investors and follows recent New Hampshire legislation allowing cryptocurrency reserves at the state level and moves to deregulate crypto mining. As the first-of-its-kind conduit bond, the bitcoin-backed municipal bond could pave the way for similar crypto-backed financing models in other jurisdictions, strengthening Bitcoin’s role in mainstream capital markets.

Bitcoin price dipped below the critical $90,000 support level, trading around $89,964 on Binance USDT. This break in a key psychological threshold triggered a sharp market correction and increased volatility. The Bitcoin price drop stems from a confluence of factors: regulatory uncertainty, profit-taking after recent gains, institutional selling pressure, and broader macroeconomic headwinds. Overbought technical conditions further amplified the sell-off. Traders should track trading volume, institutional flows, and regulatory updates to gauge market direction. Recommended tactics include dollar-cost averaging, clear stop-loss and profit-taking orders, and time horizon diversification. While the short-term outlook appears bearish, historical cycles show that corrections can offer buying opportunities. Strong fundamentals and expanding institutional adoption support a longer-term bullish trend.

Kraken has confidentially filed its S-1 registration with the US SEC, taking a major step toward its planned IPO. The Kraken IPO details—such as share count and price range—remain undecided pending SEC review and market conditions. By choosing a confidential filing, Kraken can privately negotiate terms and gauge investor interest ahead of public disclosure. The Kraken IPO is intended to raise capital for platform expansion in spot trading, derivatives, and institutional services. As one of the longest-standing crypto exchanges, Kraken’s move underscores growing crypto exchange maturity and intensifying competition. A successful public listing could boost transparency, strengthen market confidence, and set new valuation benchmarks across the industry.

On-chain analysis reveals Bitcoin’s price plunged sharply after the US market opened, pushing BTC below $90,000. The Coinbase Premium index showed selling momentum halved but remained too weak to trigger a bounce. CryptoQuant’s Head of Research highlighted four drivers behind the decline: Bitcoin ETFs as net sellers, corporate treasury liquidations, modest strategic reserves purchases, and over 800,000 BTC moved or sold in the past 30 days. Short-term investors intensified panic selling, with SOPR data showing average purchase costs falling from $110,800 to $109,762. Analysts warn this could be one of the harshest capitulation phases in history. Bitcoin still holds near the $100,000 mark. Traders should monitor on-chain metrics and SOPR for signs of stabilization and potential rebound.

Crypto exchange Kraken has filed for an initial public offering in the United States following an $800 million private funding round. The move aims to boost regulatory transparency and support global expansion efforts. Kraken will likely use the proceeds to invest in technology, compliance and new market growth, positioning itself alongside other publicly traded exchanges. Traders should watch for regulatory feedback and potential shifts in Kraken’s fee structure or asset listings once public.

XRP has suffered a 12% weekly decline, dropping to around $2.16 amid rising on-chain stress signals. The Net Unrealized Profit/Loss (NUPL) metric shows sentiment shifting from euphoria through denial to anxiety, with nearly 50% of tokens now held at a loss. Technical indicators mark two critical support zones: $1.91 (1.9 billion XRP last moved) and $1.73 (1.8 billion XRP). Breaching these levels could accelerate downside risk, as fewer holders would defend lower prices. Mixed analyst views highlight potential recovery paths. A close above $2.28 may target $2.41, while bullish divergence on the 3-day chart suggests possible strength if confirmed. Repeating pattern analysis shows that as long as XRP holds above $2.15 and breaks descending resistance, it could challenge the $3 mark. Traders should watch on-chain metrics, support levels, and chart structures for short-term signals and longer-term reversal cues.

Interpretive Letter 1186 from the U.S. Office of the Comptroller of the Currency (OCC), issued on Nov. 19 under Comptroller Jonathan Gould, clarifies that national banks may buy, hold, and deploy cryptocurrency to cover blockchain network (gas) fees. Referencing the GENIUS Act, the guidance permits institutions to maintain reasonable crypto balances when there’s a “reasonably foreseeable need” to pay fees for permissible activities. Using Ethereum (ETH) as an example, the OCC noted that settling transactions with native tokens avoids higher costs and operational risks tied to spot purchases or third-party fee services. Banks may also retain crypto for testing on proprietary or third-party platforms, provided all activities comply with existing regulations and risk management standards. This landmark shift from earlier prudential warnings highlights a more accommodating stance on blockchain integration, streamlining bank operations in DeFi and stablecoin services while upholding safeguards.

Supra has launched its MultiVM testnet, offering EVM compatibility alongside MoveVM support. The Supra testnet allows developers to build, test and deploy Solidity and Move smart contracts on a unified chain that integrates native oracles, deterministic verifiable randomness (dVRF), automation and cross-chain messaging. SolanaVM integration is slated for early 2026, making Supra the first L1 to support multiple execution environments in parallel. The network’s native SupraEVM engine, powered by parallel execution via SupraBTM, promises higher throughput and lower latency without code changes. A $1m public bounty has been offered to teams that exceed SupraBTM performance by 15%. In parallel, Supra opened applications for its $250,000 EVM grant program to attract talent, funding up to 10 teams with $25,000 each to develop on the Supra testnet. Selected projects will gain full access to the developer stack—including oracles, cross-chain services, and tooling—aiming for mainnet integration in early 2026. This initiative underscores Supra’s vision of universal Web3 composability, with EVM compatibility at its core, and aims to accelerate multi-chain dApp development.

ECB officials warn that US dollar-backed stablecoins, accounting for 99% of the $300 billion stablecoin market, could weaken eurozone monetary policy if adoption continues. In contrast, euro stablecoins account for just €350 million, underscoring the need for growth. European issuers like Monerium and Agant call for a vibrant euro stablecoin ecosystem rather than awaiting a central bank digital currency (CBDC). Figures such as ECB adviser Jürgen Schaaf and Dutch central bank governor Olaf Sleijpen highlight risks of “dollarization” and systemic instability, urging growth of private euro stablecoins to safeguard policy control. Stablecoin issuers criticize the digital euro project for its slow rollout (potentially by 2029), limited functionality, and proposed holding caps. They argue private euro stablecoins can deliver faster innovation, global transferability, and real-world use cases. Collaboration between central banks and stablecoin providers, including liquidity facilities, could bolster the euro stablecoin landscape and reduce reliance on US-based assets.

The US government’s return to normal legislative operations is expected to accelerate crypto exchange-traded fund (ETF) approvals in 2026, according to Bitwise CIO Matt Hougan. He predicts “ETF-palooza,” with over 100 new crypto ETFs and a surge in index-based ETPs as investors seek passive crypto exposure. Crypto ETFs have historically driven capital into digital assets, supporting price gains. However, current ETF flows tell a mixed story. Canary Capital’s XRP ETF (XRPC) debuted with $58 million in first-day volume, yet XRP fell roughly 13% over the past week. Bitcoin ETFs have seen about $1.1 billion in outflows in November—on track for their worst month ever. The average cost basis for Bitcoin ETF investors is $89,600, just above spot prices, leaving many holders underwater. Long-term Bitcoin whales led October and November sales. These outflows underscore the short-term pressure ETFs can exert, even as forthcoming approvals may drive renewed market inflows and long-term bullish momentum.

NEXPACE has unveiled a US$50 million Ecosystem Fund to drive long-term growth of the MapleStory Universe and its broader Web3 ecosystem. The fund will invest in gaming, digital finance, AI, tokenized real-world assets and the builder economy, with all proposals subject to an internal review process. Strategic advisory partners Altos Ventures, Chainlink Labs, GSR and Hashed Ventures will provide mentorship and network support. CEO Sunyoung Hwang said the initiative will catalyze the next phase of interactive entertainment by combining digital finance, AI and community-driven innovation. Anchored by the NXPC token and MapleStory N, the ecosystem supports true asset ownership, decentralized marketplaces, Synergy Apps and features like Metaplay for cross-platform in-game item trading. This move establishes sustainable financial rails and sets new standards for Web3 gaming interoperability and player-driven economies.

On Nov 19, the Ethereum (ETH) price on OKX slipped below the critical $3000 support mark, trading around $2998 after a 3.5% intraday drop amid surging market volatility. Sellers outnumbered buyers as bearish momentum intensified. Traders should monitor technical indicators and key levels—including a potential rebound near $2950—and reassess leveraged positions accordingly. Upcoming market catalysts will determine whether the sell-off deepens or sparks a recovery.

Ripple CTO David Schwartz and Senior Engineering Director J. Ayo Akinyele are evaluating a native staking model for the XRP Ledger. They propose diverting programmable transaction fees into a reward pool to incentivize sustainable participation. This discussion follows the launch of the first US spot XRP ETF, marking a new phase for XRP’s ecosystem. Key considerations include designing financial incentives—both rewards and penalties—to ensure value circulation and governance integrity. If implemented, native XRP staking could enhance network security, drive demand for XRP, and reshape on-chain governance structures.

On November 19, an on-chain whale shorted 50.62 million ASTER tokens at $1.20 after CZ disclosed his holdings. When ASTER tumbled to $0.84, the position showed over $16 million in unrealized gains. However, the whale delayed exit and closed 4.79 million tokens at $1.02, netting just $1 million profit. Significant ASTER holdings still carry millions in unrealized gains. The same address then deployed $300 million in long positions on ETH at $3,220 and XRP at $2.29. Continued market declines have pushed these longs into a combined $21.5 million unrealized loss. This sequence highlights high volatility, the importance of timely profit-taking, and risk management for crypto traders.

A recent statement from Kenya’s National Treasury confirms that no cryptocurrency firms have yet received operational licenses under the new Kenya crypto regulation framework. Despite this, Bitcoin ATMs are already active in major cities, allowing users to buy and sell BTC locally. The Central Bank of Kenya demands evidence of proper licensing before allowing crypto firms to operate. Banks have also blocked crypto transactions, limiting access to exchanges and wallets. A presidential task force will soon propose a detailed digital currency policy. Kenyan authorities aim to balance innovation with investor protection. The emerging Kenya crypto regulation could shape East Africa’s digital finance future.

BitMEX co-founder Arthur Hayes transferred 320,000 LDO tokens (≈$227,000) on November 19, according to Lookonchain data. Such high-profile sales often draw market attention but don’t necessarily signal a bearish trend. Traders should monitor LDO price action and volume, assess Lido DAO’s staking fundamentals, and consider portfolio rebalancing motives. Key factors include potential profit-taking, market timing, and the staking sector’s broader health. Actionable insights: track on-chain metrics via Lookonchain or Etherscan, review Lido’s roadmap developments, set clear entry/exit points, and diversify holdings to manage risk.

Shiba Inu has partnered with Bitget to launch a SHIB-branded payment card. The card offers zero-fee crypto spending up to $400 per month. Users pay no conversion fees, FX fees, or hidden spreads, and signing up is free. To celebrate the launch, the first 100 cardholders will share a pool of 114,678,899 SHIB. Subsequent participants will receive a $5 SHIB bonus. The promotional event runs from November 19 to 26, with rewards distributed on November 28. Users must register, download the Bitget Wallet, and activate the SHIB × Bitget Wallet Card. This initiative expands Shiba Inu’s utility for everyday transactions. The zero-fee payment card lowers barriers to crypto spending and could boost token adoption and trading volumes. Traders should watch for a potential uptick in SHIB demand and short-term price momentum driven by increased real-world use and community incentives.

Security researchers at AppOmni have discovered a second-order prompt injection vulnerability in ServiceNow’s Now Assist platform. The ServiceNow Now Assist exploit leverages default settings that automatically group AI agents into discoverable teams, allowing attackers to seed hidden instructions in data fields. When one agent processes this malicious prompt, it can recruit other AI agents in a coordinated chain reaction, leading to unauthorized data theft, record modification, and privilege escalation. Because the flaw stems from standard configurations rather than a coding bug, many organizations may be unaware their ServiceNow Now Assist deployment is at risk. To mitigate this exploit, security teams should audit default AI settings, disable automatic agent discovery, enforce strict access controls, and implement continuous monitoring of AI workflows. Prompt remediation is essential to prevent attackers from exploiting these new AI-driven attack vectors across SaaS environments.

Former US Treasury Secretary Larry Summers resigned from the OpenAI board after Congress released extensive email exchanges with Jeffrey Epstein. The documents reveal Summers sought personal advice from Epstein on pursuing a mentor relationship, raising serious ethical concerns about power imbalances. Harvard University has launched its own investigation into Summers’ conduct during his presidency and current professorship. Summers’ sudden departure from the OpenAI board creates governance challenges for the AI leader, potentially unsettling investors and prompting scrutiny of board selection processes. This episode underscores the importance of ethical oversight and transparent governance in technology companies.

Zcash has surged around 1,000% since October, climbing from $70 to over $700 per coin. The rally has lifted its market cap to $10.1 billion, leaving it just $6.6 billion shy of Cardano and within a 65% move of overtaking ADA for a top 10 ranking. Daily trading volumes of $1.71 billion already place ZEC above ADA on volume charts. Spurred by renewed interest in privacy coins and endorsement from angel investor Naval Ravikant, ZEC has outpaced assets such as SHIB, ARB and XLM. Next targets include Hyperliquid’s HYPE token and Cardano’s ADA, with bullish forecasts even eyeing XRP—though that would require another 1,000% gain. For traders, Zcash’s rise highlights growing demand for privacy-enabled cryptocurrencies and signals potential reshuffles among the market’s top-ranked tokens.