Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Pump.fun transferred $75 million in USDC to Kraken on Nov. 27, bringing its cumulative Kraken deposits to about $480 million since Nov. 15. On‑chain analysis from EmberCN/AmberCN shows rapid, large transfers among Pump.fun wallets, Kraken and Circle — a pattern consistent with USDC redemptions and fiat conversion. Shortly after the Kraken deposit, roughly $69.26 million moved from Kraken to Circle. Pump.fun co‑founder Sapijiju says the moves are treasury management and redistribution of ICO funds, denying cash‑out claims. Critics highlight the tokenomics: a private round allocated 18% of the one‑trillion PUMP supply at $0.004 (implying up to ~$720M raised), and insiders reportedly held over half the supply at launch. Dune Analytics credits Pump.fun with over $910M in revenue, but the project faces a New York class‑action suit alleging unregistered sales and misleading statements. Market reaction: PUMP trades near $0.00294 and is down roughly 38% month‑to‑date, with elevated volatility and a low Fear & Greed score. For traders: large exchange inflows followed by rapid transfers to Circle increase redemption and cash‑out risk, which can create short‑term sell pressure and reduce liquidity on exchanges. Combined with concentrated insider allocations and ongoing litigation, these factors raise regulatory and sentiment risk and could amplify price swings. Watch for further on‑chain movements, treasury disclosures, official team statements, and PUMP price action.

DWF Labs, a crypto market maker and Web3 investor, has launched a $75 million fund to back decentralized finance (DeFi) projects aimed at institutional adoption. The fund prioritises projects building dark-pool perpetual DEXs, decentralized money markets, and fixed-income or yield-bearing products across Ethereum, BNB Smart Chain, Solana and Coinbase’s Base. Beyond capital, DWF will provide TVL and liquidity provisioning, go-to-market support, and access to exchanges, market makers and infrastructure partners. Managing partner Andrei Grachev framed the move as preparing DeFi for an “institutional phase,” focusing on infrastructure that can handle large order flow, protect order execution and generate sustainable revenue. The announcement cites DeFi’s total value locked (TVL) at over $120 billion (DeFiLlama), below 2021 highs near $175 billion; the firm sees improved infrastructure and institutional-ready primitives as a catalyst for renewed capital inflows. The piece also notes wider industry perspectives — for example Chainlink cofounder Sergey Nazarov’s view that DeFi is roughly 30% toward mass adoption and could reach 50–70% as regulation and infrastructure mature. For traders: the fund directs meaningful capital and liquidity support to on-chain liquidity and yield products, may accelerate institutional flows into targeted chains (ETH, BSC, SOL, Base), and raises the probability of better market depth and lower slippage for large orders over time.

An anonymous wallet that participated in Ethereum’s original ICO accumulated 7,318.56 ETH (~$22.07 million) within 24 hours, buying at an average price of about $3,016 per ETH, according to on-chain analyst ai_9684xtpa. The address previously sold 12,575 ETH on August 9 at an average of $4,317, and now holds 10,529 ETH. The move signals renewed conviction from an early investor and may influence market sentiment by highlighting perceived value at current price levels. Key takeaways for traders: large on-chain accumulation from a long-term holder can spark buying interest, indicate confidence in ETH’s fundamentals, and increase short-term volatility given the wallet’s sizable position. Traders should watch subsequent on-chain flows, exchange inflows/outflows, and price reaction around the investor’s cost basis for signs of follow-through or profit-taking. This information is for market intelligence and not trading advice.

Bitcoin (BTC) climbed above $91,000 on Binance USDT markets amid a broad market rally driven by increased institutional buying, favorable regulatory developments and technical breakout signals. Reports point to higher exposure from hedge funds and corporations, rising mainstream acceptance of crypto payments and robust trading volumes that suggest genuine demand rather than purely speculative flows. Analysts highlight sustained buyer interest and limited selling pressure, marking a stronger market structure and a new baseline for price discovery. Traders should watch key resistance levels (psychological targets such as $100,000), confirm moves with volume, and manage leverage and position sizing due to ongoing volatility. Near‑term catalysts include upcoming regulatory decisions, global macro conditions and continued institutional flows. Risk management, portfolio diversification and a clear time horizon (short‑term trading vs long‑term holding) are advised.

Bitcoin’s mining difficulty decreased 1.95% to 149.30T on 27 November 2025 (UTC 1:16), marking the network’s scheduled recalibration after 2,016 blocks. The seven-day average hashrate is about 1.02 ZH/s and the current hashrate around 1.07 ZH/s. This follows an earlier reported difficulty of roughly 152.27T, indicating a recent downward adjustment in computational effort required to mine new blocks. Immediate effects for miners include improved short-term profitability, lower cost per BTC mined, and extended useful life for older rigs. The decline likely reflects temporary reductions in miner participation — for example seasonal pauses or equipment changes — rather than a sustained drop in network security. The next difficulty adjustment is due in about 14 days. Traders should watch hashrate and subsequent difficulty changes: persistent hashrate gains would push difficulty back up and erase the short-term mining advantage. Keywords: Bitcoin mining difficulty, hashrate, mining profitability, BTC mining, network adjustment.

Bitwise has launched a spot Dogecoin exchange-traded fund (ETF) on the New York Stock Exchange under the ticker symbol expected to track DOGE price. The ETF offers fee incentives and an institutional-oriented product structure aimed at attracting mainstream investors and reducing barriers to entry for exposure to Dogecoin. Bitwise positions the product as a regulated, custodial vehicle that provides simpler access than direct crypto custody, with marketing focused on fee competitiveness and investor protections. The launch follows growing institutional interest in crypto ETFs and comes amid broader ETF approvals for other digital assets. Key implications include potential increases in DOGE liquidity and retail/institutional flows into the token, fee-driven competition among issuers, and renewed attention to Dogecoin from portfolio managers and ETFs. Traders should watch for early inflows, spreads, and arbitrage activity between the ETF and spot DOGE, as well as marketing-driven demand that can amplify short-term price moves.

Tom Lee, chair of Bitmine, told CNBC he expects Bitcoin (BTC) to surpass $100,000 before year-end and may challenge its prior all-time high (~$125,100). Lee cites accelerating institutional adoption, improved regulatory clarity, stronger market liquidity and favorable macro conditions — plus the historical price effects of the upcoming Bitcoin halving — as core drivers. He notes Bitcoin’s resilience through 2024 and references past forecasts (including a prior $250,000 projection) while framing the $100K target as a more conservative, data-driven update. The piece highlights that forecasts carry uncertainty and recommends investors perform independent research before trading.

Bitcoin’s recent pullback fits a classic bull-market correction rather than a trend reversal, according to market analysis. Key on-chain and derivatives metrics point to an imminent recovery: Market Value to Realized Value (MVRV) fell to 1.54, open interest declined from $37B to $29B indicating a leverage flush-out, whale addresses (10–1,000 BTC) are accumulating, and short-term holders realised over $900M in losses signalling capitulation. Early long-term capital inflows and improved regulatory clarity are cited as structural supports for continued upside. Traders are advised to focus on long-term trends, dollar-cost average during weakness, monitor on-chain metrics for confirmation, and maintain risk management. The article frames the current environment as a healthier foundation for sustainable growth, historically consistent with recoveries that follow leverage-cleaning corrections.

SpaceX moved 1,163 BTC (about $105M) into a newly created wallet, according to Arkham Intelligence. This transfer follows earlier large moves this month and last month — roughly $268M moved to a new address and a prior $153M outbound transfer after a three-year dormancy. The labelled SpaceX wallet now holds about 6,095 BTC (≈$553M). On-chain analysts and market observers interpret the activity as custody or wallet-management adjustments (resuming movement after dormancy and splitting funds across addresses) rather than imminent selling. Bitcoin price was reported near $91,000 in the later report (earlier coverage noted price slips near $107,000 tied to macro commentary), with short-term volatility tied to macro signals. For traders: key data points are transaction size (1,163 BTC), wallet balance (6,095 BTC), prior large transfers (~$268M and ~$153M), and the analyst consensus that these are custodial movements not liquidations — implying limited immediate downward pressure from these specific transfers. Monitor large-wallet on-chain activity and macro developments (Fed commentary) for short-term BTC price swings.

Bitcoin’s recent price rally is showing signs of fragility because it is occurring amid shrinking market liquidity. Traders and market makers have pulled back, leaving thinner order books and wider spreads that make prices more sensitive to large orders and news flow. Short-term momentum has driven BTC gains, but volume metrics and liquidity indicators suggest those moves could be easily reversed. The piece highlights that lower liquidity raises volatility risk, could amplify price swings from large trades or derivatives deleveraging, and may challenge sustained bullish moves without renewed institutional demand. Key data points include declining on-chain transfer volumes and thinner exchange order books relative to prior rallies. Market participants are watching funding rates, open interest in futures and option skew for signs of positioning that could trigger rapid directional moves. For traders, the article recommends caution: use tighter risk controls, monitor liquidity and derivatives metrics, and avoid assuming current rally strength is durable without confirmation in volume and market depth.

A federal civil lawsuit filed in North Dakota by 306 victims of the Oct. 7, 2023 Hamas attacks accuses Binance and former CEO Changpeng Zhao of facilitating over $1 billion in transfers tied to Hamas, Hezbollah, Palestinian Islamic Jihad (PIJ) and Iran’s Islamic Revolutionary Guard Corps (IRGC). Plaintiffs say Binance processed $50–100 million after the Oct. 7 attacks and used off-chain internal transfers and intermediary accounts in countries such as Venezuela and Brazil to obscure flows. The 300-page complaint names accounts allegedly linked to a senior Hezbollah commander’s son, Hamas-associated money exchangers in Gaza, and a PIJ member, and describes laundering networks involving gold-smuggling and crypto movement across multiple jurisdictions. Lawyers argue Binance’s behavior reflects a systemic “business model” rather than isolated compliance lapses. The suit follows Binance’s 2023 DOJ settlement — which imposed fines and monitoring — and former CEO CZ’s recent pardon by Donald Trump; the pardon removes federal criminal exposure for CZ but does not block civil suits or potential treble damages under U.S. anti‑terrorism statutes. Binance denies wrongdoing, citing sanctions compliance and a small share of global terror financing. For crypto traders: expect heightened regulatory scrutiny on major exchanges, rising compliance costs, potential risk premia on exchange-related tokens, and possible short-term volatility in market sentiment if courts expand civil liability for on‑ramps and intermediaries.

Securitize received EU-wide approval under the DLT Pilot Regime (authorized by Spain’s CNMV) to operate a regulated digitized market infrastructure (DMI) that combines on-chain trading and settlement across all 27 EU member states. The licensed platform will run on Avalanche — chosen for low latency and customizable execution logic — and will connect to Securitize’s existing U.S. infrastructure to create a controlled U.S.–EU channel. The authorization allows Securitize to request limited regulatory exemptions for testing distributed ledger infrastructure and to offer regulated issuance, custody, and secondary trading of tokenized securities. Securitize plans to issue the first regulated tokenized products, including on-chain funds and conventional securities, in early 2026. For traders: watch for announcements of specific listings, pilot issuances and partnerships; these could produce short-term price moves in AVAX and related security-token ecosystems and may encourage greater institutional participation and liquidity over time. Primary keywords: Securitize, Avalanche, tokenized securities, DLT Pilot Regime, on-chain settlement.

Robinhood Markets and Susquehanna International Group agreed to acquire a 90% stake in MIAXdx (formerly LedgerX), a CFTC-regulated exchange, clearinghouse and swap execution facility that was previously affiliated with FTX. MIAX (which acquired LedgerX in 2023) will retain a 10% stake. Robinhood will be the controlling partner and Susquehanna will act as an initial liquidity provider; other market makers are expected to join. The deal follows Robinhood’s rollout of futures, derivatives and prediction-market options and comes as US prediction markets expand ahead of major elections. The acquisition gives Robinhood a regulated pathway to operate a futures/derivatives exchange and clearinghouse focused on prediction markets, positioning it to compete with Kalshi and Polymarket. Markets reacted positively: Robinhood’s Nasdaq shares jumped intraday (reports show roughly 8% in the latest update). Operations are expected to ramp toward 2026. Key implications for traders include accelerated product rollout under a CFTC-compliant venue, increased institutional liquidity from Susquehanna, and heightened competition in election and event-driven betting markets. Primary keywords: Robinhood, prediction markets, LedgerX, MIAXdx; secondary keywords: CFTC-regulated exchange, futures and derivatives, market competition, Kalshi, Polymarket.

Thai authorities have ordered World (formerly Worldcoin) to suspend operations in Thailand and delete roughly 1.2 million local iris scans, citing violations of the Personal Data Protection Act and potential breaches of digital-asset rules tied to the WLD token. The Ministry of Digital Economy and Society (MDES) issued the directive after a police raid on an iris-scanning site in October. World Thailand (represented by TIDC Worldverse) says it has paused local verifications, removed Thailand from its Orb availability list, and is cooperating with regulators while denying wrongdoing. World maintains that iris images are anonymized and not stored on the Orb device. The dispute adds to wider regulatory scrutiny of World’s biometric practices in markets including Indonesia, Germany, Kenya and Brazil. Market reaction has been negative for World’s native token WLD, which fell about 6% in the past week and is down more than 70% year‑to‑date (trading near $0.63 at the time of reporting). For traders: this raises regulatory risk around WLD, increases potential for short-term volatility, and could pressure liquidity as enforcement actions and negative publicity weigh on demand for the token.

Bolivia will formally integrate cryptocurrencies — chiefly dollar‑pegged stablecoins — into its banking system, Economy Minister José Gabriel Espinoza announced. Banks are now permitted to custody digital assets and offer crypto-based savings accounts, loans, credit cards and payment services. The move responds to persistent high inflation (a 12‑month average above 22%) and a chronic shortage of US dollars that has driven businesses and consumers to use stablecoins such as USDT and USDC as stores of value and payment mediums. State energy firm YPFB is developing a framework to accept crypto for energy imports, and several automakers and large firms have begun accepting stablecoins to ease import bottlenecks caused by dollar scarcity. The government pairs the crypto measures with broader fiscal reforms and financing talks to stabilise the economy. For traders: this official adoption could increase on‑chain stablecoin volume in Bolivia, boost local stablecoin utility and fiat‑on/off‑ramp activity, and raise regulatory clarity for institutions offering custody and crypto credit products. Primary keywords: Bolivia, stablecoin, crypto adoption, USDT, USDC.

Gate has launched IRYS perpetual futures settled in USDT, offering traders 1–20x leverage and simultaneous availability on Gate Perp DEX. The listing expands derivatives access to the IRYS token and supports both centralized and decentralized perpetual trading on Gate’s platforms. No additional market data, listing incentives, or margin specifications beyond leverage were disclosed. The announcement follows similar moves by other major exchanges to add IRYS futures, reflecting growing exchange interest in the token. This development provides traders with new hedging and directional trading options for IRYS.

The UAE enacted Federal Decree Law No. 6 of 2025, broadening the Central Bank of the UAE’s (CBUAE) authority to licence and regulate virtual assets and DeFi activities. The law explicitly brings virtual assets, decentralized exchanges (DEXs), lending/borrowing protocols, stablecoins, tokenized real-world assets (RWA), wallets, cross‑chain bridges and blockchain infrastructure under banking regulation. Decentralized protocols, middleware and infrastructure providers can no longer rely on a “code-only” defence and must seek CBUAE authorisation to offer payments, exchange, lending, custody or investment services to UAE users. Unlicensed operators face fines up to AED 1 billion (≈ USD 272 million) and potential criminal sanctions. Existing operators have a compliance window until September 2026; licence applications are processed on a 60‑day timetable. The decree coincides with the UAE’s public demonstration of the mBridge CBDC cross-border payments platform, highlighting the government’s push for regulated digital finance and faster, lower‑cost cross‑border settlement. For crypto traders: this raises compliance risk for platforms serving UAE users, could reduce availability of some DeFi services in the UAE, and may prompt liquidity migration or delistings from regional venues. Traders should monitor licence guidance from CBUAE, evaluate counterparty regulatory status, and watch for enforcement actions that could trigger short‑term volatility in affected tokens and platforms.

Naver CEO Choi Soo-yeon stated that no final decision has been made on a potential Nasdaq listing for Naver Financial or Dunamu. The CEO emphasized the need for careful consideration, national consensus on dual listings, and alignment with long-term strategy. She noted Naver Financial already merged into a larger entity, complicating listing options, and said a merger between a combined Naver Financial–Dunamu unit and Naver is unlikely. The company will continue evaluating international expansion steps; no timeline was provided. Key themes: Nasdaq listing uncertainty, regulatory and public-consensus considerations, corporate-structure constraints, and emphasis on fundamentals over speculative listing-driven gains.

A wallet linked to BitMEX co‑founder Arthur Hayes bought 873,671 ENA at an average price of $0.281 (≈$245,000), according to on‑chain tracker Lookonchain. This follows a sale two weeks earlier from the same address that offloaded 5.02 million ENA at about $0.275 (≈$1.38 million). The sequence — large sell then sizable repurchase — suggests strategic repositioning: possible dollar‑cost averaging, portfolio rebalancing or renewed confidence in ENA fundamentals. For traders, this whale activity matters because Hayes is an influential market figure and large on‑chain flows can affect short‑term price moves and order‑book liquidity. Key trading considerations: monitor on‑chain flows and order‑book depth for further accumulation or distribution, watch for short‑term volatility around whale transactions, and factor broader market conditions before taking positions. Use platforms like Lookonchain to track similar wallet movements. This report is informational and not trading advice.

Ethereum spot ETFs recorded $175.2 million in net inflows over 24–25 November 2025, led by BlackRock (notably $92.6m on 24 Nov) and Fidelity (FETH added $47.5m on 25 Nov). Other issuers showed mixed activity: BlackRock’s ETHA added $46.2m, Grayscale’s ETH added $8.3m while Grayscale’s ETHE saw $23.3m in outflows. Despite ETF demand, ETH traded near $2,913 and remained below the $3,000 level after a >30% monthly decline from earlier highs. Short-term technicals (RSI, MACD) show bearish pressure, though on-chain data indicates renewed whale accumulation following a ~9% rebound from a recent low of $2,623. Broader macro headwinds — U.S. government shutdown risks, shifting Fed rate-cut expectations and risk-off sentiment — are weighing on crypto prices. Separately, VanEck filed for a spot BNB ETF (VBNB) to list on Nasdaq; the fund won’t enable staking at launch. Key takeaways for traders: sizable ETF inflows demonstrate institutional interest and sustained demand, but price action remains vulnerable to macro risk and short-term bearish indicators; whale accumulation could support a near-term base, yet failure to reclaim $3,000 would keep bearish momentum intact.

South Korea’s National Assembly is reviewing a bill (plenary session on November 27) that would give authorities power to reject or re-evaluate Virtual Asset Service Provider (VASP) registrations based on major shareholders’ criminal records — domestic or international. The proposal expands vetting to include all significant stakeholders, not just the company, requiring full disclosure of major shareholders during application and ongoing re-screening of existing operators. Key impacts: stricter scrutiny for new applicants, mandatory re-evaluation of existing VASPs, potential disqualification for shareholders with any foreign or domestic criminal record, and possible ownership restructuring to comply. Short-term effects may include compliance costs, ownership changes, and market consolidation as smaller VASPs with complex shareholder structures struggle to meet standards. Long-term effects could raise credibility and investor confidence in South Korea’s crypto market and set a regulatory precedent internationally. Primary keywords: South Korea VASP regulation, VASP shareholders criminal records, crypto compliance. Secondary/semantic keywords: virtual asset service providers, licensing review, investor background checks, market consolidation.

Tether has closed its $500 million cryptocurrency mining operation in Uruguay, launched in November 2023, after months of rising operational expenses and electricity tariffs that made the venture economically unviable. Local reporting (El Observador) and company statements indicate the shutdown follows failed tariff negotiations with Uruguay’s state power utility and planned wind‑down actions including powering off mining units and evaluating relocation or sale of hardware. Tether had denied closure rumours as recently as September 2024, making the reversal notable. For traders: this exit underscores energy-cost risk for large-scale crypto mining, the importance of secure long-term electricity agreements, and mining profitability’s sensitivity to regional energy markets. While a single shutdown is unlikely to directly move major crypto prices, it can affect miner hash-rate distribution, miner-equity valuations and investor sentiment toward capital-intensive mining strategies. Primary keywords: Tether, crypto mining, Uruguay, energy costs. Secondary keywords: electricity tariffs, mining profitability, mining shutdown, operational costs.

Tom Lee, chair of BitMine, has publicly softened his high‑profile Bitcoin (BTC) forecast of $250,000 for the end of 2025. In a recent CNBC interview he said BTC could still surpass $100,000 and “perhaps” set a new all‑time high before year‑end, but he no longer insists on the $250K target. Lee reiterated his view that Bitcoin’s largest gains are typically concentrated in a small number of trading days each year—historically around 10 days—making timing important for traders. The reporting notes Lee’s mixed forecasting record, citing past hits and misses, and places his comments in market context: BTC fell after a series of large liquidations and macro shocks in October, has trended lower since Oct. 10, but recently reclaimed the $90,000 level after six days below it. Other industry voices (including Mike Novogratz and analysts cited by Bitwise) express skepticism that $250K is likely without extreme tail events. Key data points for traders: Lee’s prior $250K target and his current emphasis on >$100K (with >$125K only a “maybe”), BTC trading near ~$90K at reporting, historical pattern of most returns coming from roughly 10 sessions per year, and 35 days remaining in 2025. Trading takeaway: Lee’s moderation weakens an extreme bullish narrative but keeps significant upside possible; traders should consider event‑driven strategies and be mindful that a few high‑impact days often drive annual returns.

An on-chain whale, previously recorded interacting with the Ethereum Foundation about a decade ago, began accumulating ETH yesterday. According to on-chain analyst @ai_9684xtpa, the whale purchased 7,318.56 ETH on-chain at an average price of $3,016.09, representing roughly $22.07 million, with the most recent buy occurring 40 minutes before the report. The same whale sold 12,575 ETH at the August local high and still holds 10,529 ETH. Key details for traders: transaction size (7,318.56 ETH), average buy price ($3,016.09), remaining holdings (10,529 ETH), and historical selling activity (12,575 ETH sold in August). Primary keywords: ETH, whale purchase, on-chain accumulation. Secondary/semantic keywords: Ethereum Foundation, large holder, average cost, liquidity, market impact. This signals renewed accumulation by a historically significant address and may affect short-term liquidity and sentiment around ETH; monitor on-chain flows, exchange inflows/outflows, and price reaction near $3,000.

COINOTAG, citing Hyperinsight data, reports that a trading strategy labelled “Buddy” exited Bitcoin long exposure and reallocated capital into Ethereum (ETH) and HYPE tokens. Current consolidated long exposure tied to this rotation is $23.85 million — comprised of $18.24 million in ETH longs and $5.60 million in HYPE longs. When combined with other positions across BTC, ETH and the alt token activity referenced, the report notes total long positions near $47.69 million, indicating active tactical reallocation as traders chase relative momentum. Traders are advised to monitor Hyperinsight updates and on-chain indicators for potential shifts in directional bias. Key metrics: consolidated longs $23.85M (ETH $18.24M, HYPE $5.60M); combined trio exposure ~ $47.69M. Primary keywords: ETH, HYPE, Bitcoin long exit, long exposure, Hyperinsight.

Tether Holdings has ended its Uruguay operations and cancelled a planned $500 million data‑center and renewable energy project after failing to secure commercially viable power terms. The project comprised three data centres in Florida and Tacuarembó (estimated 165 MW load) and a 300 MW wind/solar park. More than $100 million had already been spent and roughly $50 million in infrastructure costs remained payable to Uruguay’s state utility UTE. Tether said transmission and operating costs — notably an upgrade tied to a 31.5 kV transmission model in the Florida department and disputed transmission pricing since November 2023 — made the scheme uneconomic. The company proposed alternatives, including switching to a 150 kV transmission fee structure and amending power‑purchase terms, but negotiations failed. As a result Tether will halt local operations and lay off 30 of 38 employees. For crypto traders: the move reduces Tether’s operational footprint and halts a major regional energy‑intensive project, with limited direct effect on Tether-issued stablecoins but potential secondary impacts on regional mining/data‑center capacity and local market sentiment toward crypto infrastructure investment.

The Puell Multiple for Bitcoin currently reads 0.67, a level flagged by on-chain analyst @ali_charts and derived from Glassnode as remaining above the historically observed 0.50 cycle-bottom threshold. The indicator divides daily Bitcoin miner issuance by its 365-day moving average to gauge market-wide miner-driven selling pressure and on-chain sentiment. Readings below ~0.50 have correlated with past cycle troughs since 2015; the latest 0.67 suggests conditions are not yet at those historic bottoms. Traders and institutions use the Puell Multiple as a reference for on-chain strength, but the article stresses no single metric guarantees price direction and recommends monitoring the Puell Multiple alongside broader on-chain signals. Key items: Puell Multiple = 0.67; historical bottom signal ≈ 0.50; source framework = Glassnode; commentator = @ali_charts. Implication: continued cautious monitoring for signs of further downside or confirmation before treating a cycle bottom as established.

Ethereum (ETH) has moved back above $3,000, prompting a market commentary from Liquid Capital founder Li Huayi. Li framed the current cycle as a seven‑month phase since April characterized by bottom‑fishing, sharp reversals and rebound risk. He suggested ETH above $3,000 could mark a reduction in extreme panic but urged traders to remain cautious. Key guidance highlighted risk controls, liquidity analysis and on‑chain indicators before reestablishing long exposure. The report underscores that volatility and rapid repricing remain prevalent and that sustained momentum and credible demand across the digital‑asset ecosystem are needed to confirm a durable uptrend. Primary keywords: ETH, Ethereum, price rebound, liquidity, risk controls. Secondary/semantic keywords: market sentiment, on‑chain indicators, volatility, long exposure. The main keyword "ETH" appears multiple times to support SEO and clarity.

Nasdaq has filed with the U.S. Securities and Exchange Commission to raise the position limit for BlackRock’s IBIT (spot bitcoin ETF–linked) futures to the regulator’s maximum of 1,000,000 contracts. If approved, the move would expand liquidity and hedging capacity for large institutional traders using IBIT futures on a regulated venue, helping institutions scale risk management for bitcoin exposure. Market participants are watching the SEC review closely; the decision could affect how large traders access regulated crypto derivatives and signal maturation of institutional infrastructure in digital-asset markets. Key points: Nasdaq filing to SEC; target limit: 1,000,000 contracts; expected benefits: deeper liquidity and greater institutional hedging capacity; potential market effect: improved access for large traders and stronger regulated plumbing for crypto derivatives.