Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Joseph Chalom, co-CEO of Sharplink and former head of digital assets at BlackRock, views Ethereum as the essential infrastructure for Wall Street’s shift to digital finance. He highlights Ethereum’s trust, security and deep liquidity, along with its dominance in stablecoins and tokenized assets. At Sharplink, Chalom is staking over $3 billion in ETH and exploring restaking with partners such as Consensys, Linea and EigenLayer to unlock additional yield. All assets remain with regulated custodians, offering institutional-grade DeFi returns without DeFi-level risk. Unlike Bitcoin’s role as a store of value, Ethereum functions as a productive asset. Its proof-of-stake consensus delivers around 3% annual yield, which Chalom says can be returned to shareholders and reinvested to rebuild financial rails faster and cheaper. Chalom warns many digital treasuries lack the balance sheets and trading volume to scale effectively. He predicts that, over time, finance will merge DeFi and TradFi, with Ethereum underpinning all future financial services.

Cleanspark has announced a $1 billion convertible note offering to institutional and accredited investors aimed at accelerating its bitcoin mining expansion. The zero-coupon notes, maturing in 2028 and convertible into common shares at a 10% discount, will provide immediate capital for purchasing and deploying additional mining rigs. Proceeds are earmarked for scaling hash rate capacity, targeting a total of 10 EH/s by year-end, up from the current 5 EH/s. This fundraising round reflects strong institutional interest in bitcoin mining and positions Cleanspark to capture economies of scale amid rising electricity costs and global demand for new mining capacity. By leveraging a convertible note structure, Cleanspark can secure growth financing with limited near-term dilution. The company’s leadership believes the capital raise will enhance operating margins and support sustainable network contribution. Analysts note that similar debt-funded expansions by peers have driven share price gains as markets reward aggressive scaling strategies in the bitcoin mining sector.

Market analysis from Bitcoin Vector highlights Bitcoin’s $94K–$95K support zone as a prime Bitcoin buying opportunity. This range aligns with the one-year chart opening price, adding psychological weight. Historically, support levels at chart open prices draw institutional buying and cause sentiment shifts. Investors often see panic-driven dips into these zones as chances to accumulate positions at lower prices. The firm notes that disciplined, long-term holders can capitalize on fear-led sell-offs here, building positions for potential multi-cycle gains. Key factors include psychological support, historical significance of the one-year opening, and potential for deeper dips. Risks include a possible breach of this support, requiring strict risk management and position sizing. The analysis underscores a multi-year holding strategy over short-term trading. Investors should view the $94K–$95K range as a strategic accumulation zone, balancing potential upside with volatility. By combining technical analysis and market psychology, this Bitcoin buying opportunity offers a disciplined path to portfolio positioning in uncertain markets.

XRP’s burn rate has accelerated sharply, rising 29% to 676 XRP on October 24 before jumping over 60% to 1,073 XRP within 24 hours. This increase signals heightened on-chain activity on the XRP Ledger, driven by growing demand for cross-border transfers and tokenized asset operations. Each transaction burns a small amount of XRP, reinforcing the deflationary model and reducing circulating supply. Traders view higher burn rates as a bullish indicator, as they support price momentum and scarcity. Coupled with low fees, fast settlement, and testing key resistance levels, the sustained deflationary pressure underpins XRP’s long-term value proposition.

Coinbase has terminated its planned $2 billion BVNK acquisition, a mutual decision reached after evaluating strategic and product synergies. The Coinbase BVNK acquisition collapse marks the end of the exchange’s latest M&A effort to strengthen its stablecoin infrastructure and diversify revenue beyond trading fees, following its $2.9 billion Deribit purchase. Stablecoins accounted for about 20% of Q3 revenue, driving transaction fees to $1.05 billion. Additionally, Coinbase launched a pre-listing token purchase platform. Following the termination of the Coinbase BVNK acquisition, COIN shares dipped to $307, reflecting market caution as the exchange refocuses on organic growth.

Curve Finance reported a strong third quarter, with protocol revenue more than doubling from $3.9 million in Q2 to $7.3 million. The entire revenue was redistributed to veCRV holders. Trading volume surged to $29 billion, up from $25.5 billion in Q2, driven by deep stablecoin liquidity. Total value locked (TVL) rose from $2.1 billion to $2.3 billion. October DEX volume reached a six-month high of $11 billion, signalling renewed DeFi momentum. The platform’s native stablecoin, crvUSD, maintained steady volume at $124 million and a $278 million market cap, up 25% daily as Curve prepares to integrate its Yield Basis protocol. Key milestones included multi-chain expansion to Plasma and Etherlink, and a PYUSD/USDS pool via a Spark partnership surpassing $90 million in TVL. The CRV token trades at $0.48 on Robinhood, reflecting an 18% weekly gain.

BitMEX founder Arthur Hayes bought 28,670 Uniswap (UNI) tokens worth $257,000 via the OTC platform FlowDesk. Uniswap plans to activate a fee switch and may burn up to $100 million in tokens. Since the announcement, Uniswap’s price rose above $10 before pulling back to $8.62. Hayes made his purchase when UNI traded at $8.96. With DeFi volume shifting to Ethereum Layer-2 solutions like Aster and Hyperliquid, Uniswap is exploring new ways to regain competitiveness. Traders should monitor the fee switch activation and token burn for potential market impact.

Canary Capital’s spot XRP ETF (XRPC) received automatic SEC approval after filing Form 8-A on November 10. The ETF will list on Nasdaq under ticker XRPC and begin trading on November 13, with a 0.50% management fee tracking the XRP-USD CCIXber Reference Rate Index. News of the spot XRP ETF launch sent XRP’s price up 10% and trading volume rose 40% in 24 hours. Futures open interest also surged as traders anticipated the listing. Custody safeguards or SEC surveillance rulings could still delay the launch. Demand for regulated XRP exposure is rising: five spot XRP ETFs from Franklin Templeton, 21Shares, Bitwise, Canary and CoinShares are now listed on the DTCC, with Grayscale converting its XRP Trust and WisdomTree expected to follow. Market experts compare this launch to past spot Bitcoin and Ethereum ETFs and expect the new ETF to boost liquidity and drive further institutional participation in XRP.

Crypto liquidations surged to $379.9 million in 24 hours after Bitcoin retraced from a $107K high to $104.7K, triggering forced liquidations of leveraged positions. A price bounce from $101.6K to $106.6K stalled within a tight $104.7K–$107.1K range, catching traders who bet on a breakout. Bitcoin liquidations totaled $81.4 million, evenly split between longs and shorts, while Ethereum saw $71.9 million in mainly long liquidations. ZCash liquidations reached $31.2 million, largely bullish. CoinGlass data highlights liquidity zones at $103.8K–$104.4K and $100.7K–$102.4K. These crypto liquidations underscore the market’s volatility. Traders should monitor support and resistance, manage leverage cautiously, and avoid premature breakout bets amid ongoing volatility.

Former BitMEX co-founder Arthur Hayes purchased 28,670 UNI tokens worth $244,000 on November 11, marking his return to Uniswap after a three-year hiatus. His investment coincides with Uniswap Labs’ UNIfication governance proposal, which aims to activate a fee-switch mechanism to redistribute trading fees to UNI holders. The proposal passed initial voting stages with strong community support. On-chain data from Arkham Intelligence shows UNI has surged 48% in recent weeks, trading at $8.64 with a $5.45 billion market cap. Hayes’s move underscores growing confidence in DeFi governance tokens and may signal further bullish momentum for UNI.

Chinese national Qian Zhimin, dubbed the ‘Crypto Queen’, was sentenced by a London court to 11 years in prison for orchestrating a £4.2 billion Bitcoin Ponzi scheme. From 2013, her company Lantian Gerui promised high returns from crypto mining and health-tech products. Prosecutors found the Bitcoin Ponzi scheme used new investors’ funds to pay earlier participants, defrauding 120,000 Chinese investors. Authorities seized tens of thousands of stolen BTC during a 2021 raid on her Hampstead mansion, marking the UK’s largest crypto haul. The case underscores a surge in crypto fraud: investors lost $2.47 billion to hacks and scams in H1 2025 alone. This ruling may affect market sentiment around regulatory enforcement and security risks in crypto trading.

Whale Alert detected two major USDT Whale Transfers involving OKX. First, 235.66 million USDT ($236M) moved from OKX to an unknown wallet. Then, 257.06 million USDT ($257M) arrived at OKX from another unidentified address. Such large USDT Whale Transfers often signal strategic moves like accumulation, portfolio rebalancing or preparation for significant trades. The outflow suggests potential shifting to cold storage, while the inflow could presage increased buying pressure or liquidity adjustments on OKX. Traders should track USDT Whale Transfers and stablecoin flows with tools such as Whale Alert and blockchain explorers. Monitoring these movements can help anticipate market volatility, gauge sentiment and inform trading decisions, particularly in BTC and ETH. The anonymity of the wallets also highlights transparency challenges and growing institutional interest in stablecoin liquidity.

Market analyst Mikybull Crypto sees the XRP price poised for a Zcash-style 40x rally after consolidating near $2. A long-term pattern of rounded bottoms, downtrend breakouts and sideways reaccumulation zones, seen in XRP’s 2014–17 surge, appears to be repeating. The current structure mirrors Zcash’s setup before its historic 40x breakout. Key Fibonacci levels and resistance from XRP’s 2018 peak support Mikybull’s $8–$10 price targets, implying a 4–5x gain from present levels. Another analyst, XForceGlobal, projects even higher cycle targets of $15–$30 per XRP, suggesting a potential multi-stage rally. Traders should watch XRP’s support levels and the completion of the reaccumulation zone as signals for entry. If momentum builds, the XRP price could replicate Zcash’s rally, offering significant trading opportunities.

Three years after the FTX collapse on November 11, 2022, the crypto industry has pursued greater transparency with proof-of-reserves attestations, on-chain audits and risk frameworks in DeFi. Centralized exchanges responded to the FTX collapse by publishing snapshot-based PoR reports to restore market confidence. Platforms like Binance, OKX and Crypto.com issued these attestations, though liability disclosures remain limited. DeFi protocols tightened governance and risk controls to withstand shocks. Despite industry reforms, FTX creditors have received only $7.1 billion in three repayment rounds, with the next distribution not expected until early 2026. Cash payouts have lagged behind crypto price gains—real recovery rates stand at 9–46%. Former CEO Sam Bankman-Fried is appealing his 25-year sentence. Regulators in the U.S. and EU are considering new rules such as the GENIUS Act and MiCA. The slow creditor payouts and ongoing legal disputes underscore that full recovery and trust rebuilding after the FTX collapse remain incomplete.

The Senate Agriculture Committee has scheduled a hearing on November 19 for Michael Selig, President Trump’s nominee to chair the Commodity Futures Trading Commission (CFTC). Selig, currently the SEC crypto task force chief counsel, steps in after Trump withdrew his first pick, Brian Quintenz, amid conflicts involving Gemini founders. Acting CFTC Chair Caroline Pham plans to depart once a new chair is confirmed, highlighting a potential leadership gap at the agency. Meanwhile, the House-passed CLARITY Act—clearing jurisdiction between the SEC and CFTC over digital assets—awaits Senate review, as Republicans on the agriculture committee circulated a draft market structure bill. Traders should watch for regulatory shifts that could affect crypto derivatives markets and enforcement dynamics.

SoFi, a nationally chartered US bank, has launched crypto trading services. The move makes SoFi the first US chartered bank to offer crypto trading services directly from customer bank accounts. The launch includes support for Bitcoin and XRP, placing the altcoin in the spotlight. Crypto traders have welcomed the news, with commentator Chad Steingraber highlighting its potential to drive adoption. The timing coincides with renewed interest in spot XRP ETFs and recent US SEC legal clarity, reinforcing XRP’s institutional appeal. By integrating crypto trading services, SoFi bridges traditional finance and digital assets, signaling growing mainstream acceptance and potentially boosting crypto price momentum.

On-chain data shows renewed whale activity and significant Chainlink accumulation as large wallets reposition major tokens. Over the past three days, two newly created whales—0x618 and 0xd11—withdrew 179,393 LINK (~$2.88M) and 145,250 LINK (~$2.33M) from Binance, driving a significant Chainlink accumulation. Meanwhile, one whale moved 60,000 ETH (~$213.7M) from Binance into Aave V3, boosting its balance to 326,902 ETH (~$1.16B). On the Bitcoin side, a whale deposited 500 BTC (~$52.8M) onto Gate, realizing a $6.85M paper loss. Separately, an institutional wallet transferred 1.19M UNI (~$10.54M) to Binance, marking a $914K unrealized loss. This mixed on-chain data underscores shifting whale strategies amid volatile market conditions.

Coinbase has ended its planned $2 billion BVNK acquisition after both parties mutually halted talks following a rigorous due diligence process. The Coinbase BVNK acquisition was under exclusive review, initially involving Mastercard. BVNK offers enterprise-grade fiat-backed stablecoin payment solutions, with stablecoin volumes topping $10 trillion last year. The deal aimed to integrate BVNK’s stablecoin services into Coinbase’s custody platform. However, rising regulatory scrutiny, integration challenges and valuation gaps prompted Coinbase to refocus on organic growth in trading, custody and stablecoin services. This move underscores increasing caution in crypto M&A and may affect stablecoin liquidity and market confidence. Traders should monitor Coinbase’s M&A pipeline and regulatory developments in stablecoin issuance.

Three years after the 2022 FTX collapse, a sustained bitcoin rally has highlighted ongoing creditor repayment challenges. Although the FTX estate recovered $16.5 billion and distributed $7.1 billion in three payout rounds (January, May and September), creditors face real recovery rates of just 9–46% when adjusted for bitcoin’s surge to $103,000. Next distributions are set for January 2026. The FTX collapse spurred centralized exchanges like Binance and OKX to implement proof-of-reserves audits and on-chain analytics, while DeFi platforms, including dYdX, strengthened governance and self-custody safeguards. Regulatory moves such as the US GENIUS Act and the EU’s MiCA framework aim to improve market oversight and prevent future failures. Ongoing legal proceedings—Sam Bankman-Fried’s appeal and Caroline Ellison’s mid-2026 release—underscored lasting industry repercussions. Traders should monitor future distributions, regulatory shifts and transparency audits, as these factors, alongside the bitcoin rally, will shape market sentiment.

Cryptocurrency strategist Mark Moss argues that Bitcoin’s transformative power stems from “Bitcoin treasury companies” following Michael Saylor’s digital energy model. He predicts this Bitcoin-based financial system will reshape the $300 trillion fixed-income securities market by rewriting debt, yield and money on-chain. Instead of relying on future cash flows, these companies pledge asset-based payments, using their Bitcoin holdings to guarantee bond payments. Moss highlights that MicroStrategy’s BTC reserves alone could cover its liabilities for a century, showcasing Bitcoin’s role as digital energy to preserve corporate capital. He foresees thousands of new Bitcoin treasury firms offering digital credit across various risk and maturity profiles, similar to the internet’s early skepticism turned ubiquity. Investors should adopt a 5–10 year Bitcoin horizon, as the strategist warns that the true financial reset has begun. This vision underscores Bitcoin’s long-term potential beyond short-term speculation, positioning BTC at the heart of a global finance revolution.

Analysts predict Bitcoin may begin a Wave III expansion, potentially driving price to $200,000–$240,000. According to market expert Gert Van Lagen, BTC rebounded from its 40-week SMA, signaling the end of corrective Wave II. Using an Elliott Wave model, Van Lagen notes previous parabolic rallies in 2019 and 2023 followed similar patterns. Crypto trader Jelle highlights resistance near the long-term ascending channel midpoint. A breakout above this level could open upside toward $350,000. Macroeconomic factors may add fuel. Researcher Sminston With points to a prolonged US PMI slump, suggesting an upcoming economic rebound could trigger a risk-on shift. This, in turn, could attract investors to high-growth assets like Bitcoin. On-chain data shows Bitcoin filled the CME gap around $100,000 and is retesting $105,000. Futures open interest and average order sizes have declined, reflecting reduced whale activity. However, clusters of long liquidations near key levels have preceded recoveries, indicating a potential bullish pivot. Continued upside above $105,000 would support the bullish narrative and strengthen Bitcoin’s parabolic trend.

Zhimin Qian, 47, pleaded guilty in September at Southwark Crown Court to laundering stolen funds through a large-scale Bitcoin seizure. UK authorities seized 61,000 BTC—worth about £4.8 billion—in 2018, marking the largest Bitcoin seizure in UK history. Qian had converted over £20 million from a 2014–2017 Chinese investment scam into cryptocurrency and attempted to buy London luxury properties. She was sentenced on November 10, 2025, to 11 years and 8 months in prison. Her accomplice, Seng Hok Ling, received nearly five years for moving £2.5 million in crypto. The case highlights the effectiveness of AML protocols, KYC checks and blockchain traceability in combating crypto crime. Traders should note that heightened AML regulations may tighten market liquidity but could strengthen long-term trust in digital assets.

TeraWulf, a publicly traded crypto miner, intentionally reduced Bitcoin mining operations in Q3, mining just 377 BTC versus 438 expected, by powering down rigs to reallocate energy to high-performance computing (HPC) for AI workloads. This strategic pivot mirrors moves by Riot, CleanSpark, and Galaxy Digital as miners seek higher margins amid rising energy costs, increasing mining difficulty and falling BTC profits. TeraWulf reported $7.2 million revenue in its first HPC quarter, below the $43.4 million mining revenue forecast. Analysts at Rosenblatt and Needham note TeraWulf’s continued balance of mining and AI workloads, with mining operations extending through 2026 but with updated lower price targets for TeraWulf stock and BTC forecasts. The shift underscores growing demand for AI compute as chip efficiency trails AI’s doubling compute needs, prompting crypto miners to explore revenue beyond traditional Bitcoin mining.

SoFi Technologies has launched SoFi Crypto, becoming the first FDIC-insured US bank to offer crypto trading services. Members can trade Bitcoin, Ethereum and Solana directly using funds in their SoFi Money accounts. Trades execute instantly with no transfers to external exchanges. The platform integrates institutional-grade security, U.S. banking oversight and FDIC insurance for fiat balances. SoFi Crypto also includes educational tools, tutorials and market insights to guide new investors. CEO Anthony Noto said blockchain will transform finance and outlined plans for a USD stablecoin, blockchain remittances and crypto-based lending. A SoFi survey shows 60% of crypto holders prefer trading via a licensed bank. Separately, Solana (SOL) trades near a key support zone at $155–$158, testing a rebound above $161 for upside or a drop below $151 for further declines.

MegaETH revoked crypto influencer IcoBeast’s nearly $1 million allocation of MEGA tokens after he posted on social media hinting at hedging his position, breaching the project’s one-year lock-up rule. The Ethereum layer-2 network’s public sale raised $1.39 billion from 53,000 bidders—28× oversubscribed—and allocated only to long-term supporters to stabilise post-launch value. Pre-market trading on Hyperliquid shows MEGA at $0.48, down from $0.525. MegaETH’s Chief Strategy Officer Namik Muduroglu stated that any discussion of hedging or over-the-counter trades triggers refunds and zero allocation, ensuring tokens serve committed holders. This enforcement highlights growing emphasis on aligning participant behaviour with project stability, signalling a stricter presale governance trend in crypto.

Shiba Inu (SHIB) has formed a partnership with Unity, a blockchain-based telecom testing network. The deal integrates SHIB token into telecom infrastructure verification within the roughly $2 trillion global telecommunications market. Users can install the Unity app on smartphones to make test calls, switch network nodes, and collect on-chain proof-of-service data. Validation and ‘earth’ nodes record data transparently on a blockchain, and telecom carriers access this data via an API. SHIB holders can purchase Unity node licenses and earn crypto rewards. License buyers receive a Shiba Inu–branded NFT. Operators of one of the 6,000 available nodes earn up to 75% of carrier service fees and can lease nodes for passive income. Payments and payouts are processed directly in SHIB through a dedicated gateway. This partnership expands SHIB’s real-world use beyond meme status. By tapping into a vast telecom market and offering new revenue streams for token holders, it could boost SHIB’s utility and trading appeal.

Coinbase has abruptly canceled its planned $2 billion acquisition of UK-based BVNK, coinciding with Bitcoin’s drop below $103,000. The decision, attributed to strategic realignment rather than market uncertainty, follows government delays and Supreme Court indecision impacting crypto policy. Initially, BVNK had secured exclusivity, enabling Coinbase to expand stablecoin services globally. Coinbase highlighted its ongoing pursuit of growth opportunities, prompting both parties to terminate after a review. The move mirrors industry activity, with Ripple’s $2.4 billion in acquisitions and Coinbase’s prior $2.9 billion Deribit deal. Speculation continues around potential acquisitions like Zerohash, signaling a possible shift in Coinbase’s focus away from BVNK. Traders should watch for how this strategic pivot influences Coinbase’s M&A trajectory and Bitcoin volatility.

A bipartisan draft bill from the U.S. Senate Committee on Agriculture aims to establish a clear regulatory framework for digital assets. Sponsored by Senators John Boozman and Cory Booker, the proposal grants the Commodity Futures Trading Commission (CFTC) authority over “digital commodity” spot markets, separating them from Securities and Exchange Commission (SEC) jurisdiction. If passed, XRP would be officially classified as a commodity under CFTC oversight. This codifies legal clarity after a 2023 court ruling in Ripple’s favor, allowing U.S. exchanges to list XRP without uncertainty and paving the way for institutional products like Ripple Prime. The draft also protects self-custody rights and confirms that non-custodial software developers and node operators are not financial institutions. The move coincides with XRP attracting $28.2 million in inflows last week, bucking the broader outflow trend in Bitcoin (BTC) and Ethereum (ETH). It also follows the addition of five spot XRP ETFs to the DTCC roster, clearing a final hurdle before trading. While the bill requires further negotiation and congressional approval, it represents the most concrete effort to date to resolve asset classification and could boost market confidence in XRP.

On November 11, Hong Kong crypto laws were reformed by the Securities and Futures Commission (SFC). Licensed local exchanges can now match trades using offshore order books. Under the previous regime, matching was confined to Hong Kong, limiting trading volume and efficiency. This change allows global liquidity pools to deepen and attracts foreign capital. The new rules require prefunding on overseas platforms and delivery-versus-payment settlement. This regulatory update to Hong Kong crypto laws also mandates that exchanges establish a compensation fund for failed transactions. Offshore affiliates must be based in FATF jurisdictions, comply with IOSCO standards and submit to SFC surveillance to prevent market manipulation. In parallel, Hong Kong launched spot Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) ETFs. These measures enhance investor protection and position the city as Asia’s leading digital asset hub. Traders can expect tighter spreads, improved execution and increased institutional participation.