Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

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.

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.

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.

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.

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.

Solana price has fallen 38% from its September peak to about $158, forming two bearish patterns and triggering technical alarms. Spot SOL ETFs have gathered over $342 million in inflows since launch, boosting assets under management to $600 million, led by Bitwise’s $329 million and Grayscale’s $12.8 million. While Solana’s DEX protocols outpace competitors—logging $139 billion volume in 30 days—the token’s daily chart shows a death cross between 50- and 200-day WMAs, a breach of the Supertrend indicator, and an inverse cup-and-handle pattern suggesting a potential drop to $96. A key support at $126 must hold to avert further losses. Growth catalysts include pending ETF approvals from VanEck, 21Shares, Franklin Templeton and Fidelity. However, broader crypto weakness—in line with declines in ETH, AVAX and XRP—could amplify downside. Traders should watch for a break below $126 for confirmation of a sub-$100 target and reassess risk exposure.

Bitcoin Core v30’s removal of the 83-byte non-monetary data limit has reignited a long-running dispute between Bitcoin Core supporters and the Knots client community. Proponents of Bitcoin Core argue that lifting the limit reinforces censorship resistance and user freedom, while opponents warn it opens the door to illicit content and legal risks for node operators. In response, GitHub user Dathonohm introduced BIP-444, a proposal for a one-year soft fork that would ban arbitrary data (texts, images and other non-monetary payloads) on the Bitcoin blockchain. BIP-444 backers insist this temporary restriction will protect Bitcoin’s role as an electronic cash system and mitigate liability concerns. Knots users and BIP-444 supporters see non-monetary data as “spam” that undermines the ledger’s monetary purpose, whereas Bitcoin Core advocates view all data storage as a valid exercise of network neutrality. High-profile figures like Michael Saylor have cautioned against protocol changes, but Bitcoin Core’s developers maintain that the feature is optional. With no significant network disruption observed since v30’s launch, the debate remains largely ideological. Traders should monitor any formal BIP-444 activation but can treat current price movements as neutral amid this community clash.

Telegram games have evolved into a vibrant play-to-earn ecosystem, combining casual microgames with crypto incentives and NFTs. In November 2025, six standout titles lead the pack: DOGS, BlumCrypto, Major, W-Coin, Rocky Rabbit and Hamster Kombat. Each offers instant in-app access, simple tap or puzzle mechanics and token rewards. • DOGS taps into meme culture, rewarding social engagement with DOGS tokens. • BlumCrypto focuses on sustainability, with 15 million users planting virtual trees and recycling digital waste. • Major challenges 30 million players with daily puzzles for $MAJOR tokens. • W-Coin delivers arcade-style taps and points, backed by over 10 million users. • Rocky Rabbit trains virtual rabbits to earn RabBitcoin (RBTC) ahead of its token launch and performance-based airdrops. • Hamster Kombat simulates a crypto exchange via tap mechanics and ciphers, engaging 300 million users. These Telegram games require no downloads, lowering entry barriers for casual gamers and crypto traders alike. With earnable tokens, leaderboards and NFT drops, the Telegram gaming ecosystem highlights the growing intersection of messaging apps and blockchain gaming. Traders should watch upcoming token releases like RBTC and $MAJOR for potential market impact.

Capo cryptocurrency forecast highlights recent Bitcoin price action and market outlook. Bitcoin (BTC) surged to $107,500 before settling near $103,000 after a brief sub-$100,000 test triggered a short squeeze. Capo predicted this move, reinforcing his reputation after earlier bearish calls. This Capo cryptocurrency forecast underscores his bearish stance. He warns that the overall trend remains bearish. He labels any altseason hopes a ‘dead cat bounce’ and pins a major capitulation around October 10, tied to a potential Supreme Court ruling on tariffs and resulting volatility. Following this ‘Black Swan pre-event’, Capo foresees deeper declines. However, he expects a rebound after the Federal Reserve ends quantitative tightening by December, forecasting a bullish phase in Q1 2026. Roman Trading’s analysis echoes a confirmed downward trend and predicts lower lows, calling an end to the 1.5-year bull run. Traders should brace for near-term volatility and monitor macro triggers while eyeing a longer-term rally.

The Senate Agriculture Committee will hold a confirmation hearing for the CFTC chairman nominee, Mike Selig, next Wednesday after the government shutdown ends. Selig, a former senior legal advisor to the SEC’s crypto task force, brings in-depth knowledge of digital asset regulation. His nomination as CFTC chairman is critical for setting clearer regulatory frameworks, enhancing consumer protection, and improving market stability. Key topics include his plan to balance innovation with investor safety, define jurisdictional boundaries between the CFTC and SEC, and oversee emerging crypto derivatives products. Market participants expect that confirmation of the CFTC chairman will reduce uncertainty and boost confidence in the crypto market. A smooth process could provide the regulatory clarity needed for wider institutional adoption, benefiting both retail traders and large financial firms.

Bitcoin and Ethereum ETFs recorded their third-largest weekly ETF outflows. Investors pulled a combined $2.6 billion. Ethereum spot ETFs saw $508 million withdrawn, while Bitcoin ETFs accounted for $1.9 billion. After six consecutive days of net outflows, U.S. spot Bitcoin ETFs attracted $239.9 million in inflows, suggesting strategic rotation rather than panic selling. Analysts attribute the ETF outflows to profit-taking, rising interest rates, and Fed policy uncertainty driving risk-off sentiment. These ETF outflows may pressure crypto prices. They could also reduce market liquidity. Traders should monitor ETF liquidity flows and institutional behaviors as leading indicators. Renewed Bitcoin ETF inflows may indicate short-term bullish momentum, but persistent Ethereum ETF withdrawals warn of continued volatility. Regulatory uncertainty and market consolidation further cloud the outlook.

Coinbase has cancelled its previously announced $2 billion partnership with stablecoin startup BVNK, halting plans to integrate BVNK’s USDS token on its exchange. The deal, unveiled earlier this year, faced heightened regulatory scrutiny and shifting market conditions. This cancellation removes a key stablecoin issuance pipeline for Coinbase and may tighten liquidity for BVNK’s USDS. Crypto traders should watch for fluctuations in stablecoin supply and potential impact on token spreads. Coinbase and BVNK have not disclosed any revised partnership timeline.

Nine XRP spot ETF applications have been listed on the DTCC platform, a record high ahead of official approvals. Issuers include Franklin Templeton, Bitwise, 21Shares, Canary Capital, CoinShares, Volatility Shares and Amplify. Canary Capital’s amended 8-A filing has secured Nasdaq approval, positioning it as the first ’33 Act spot XRP ETF to launch imminently. Bitwise and Grayscale also updated their S-1 filings, signalling their own ETF debuts. With the U.S. government shutdown over, the SEC has resumed full ETF reviews, clearing a backlog of seven pending XRP spot ETF approvals. XRP price jumped over 12% on November 10 amid ETF optimism and government funding news. Analysts forecast up to $5 billion of inflows in the first month, mirroring the success of bitcoin spot funds. Enhanced regulated access to XRP via these ETFs could boost liquidity, institutional adoption and price momentum.

BlackRock has dismissed altcoin ETFs as ’totally worthless,’ according to its Head of Digital Assets Robert Mitchnick. Investors eyeing altcoin ETFs should note BlackRock’s stance underscores the risk of diversifying beyond its Bitcoin and Ethereum ETF offerings. As of November 2025, BlackRock holds about $84 billion in BTC via the iShares Bitcoin Trust (6.8% of supply) and $15 billion in its Ethereum ETF. Mitchnick said most altcoins lack long-term value and advised clients to prioritize Bitcoin’s digital-gold narrative and product-market fit. BlackRock also manages Circle’s USDC reserves and is growing its tokenization business. Its BUIDL tokenized money market fund has nearly $3 billion in market cap. On-chain stock tokens are gaining traction, though pending SEC rules could reshape the sector.

Mo Akram, founder of MetaSpace, has launched a global Dubai Challenge that shifts Web3 gaming into real-world rewards. The first 100 players to uncover two hidden Mystery Boxes within MetaSpace will receive fully sponsored trips to Dubai. In a livestream event, two in-game avatars joined Akram to announce that one YouTube viewer commenting on the stream will also win a Dubai trip. After years of broken promises, blockchain gaming is refocusing on genuine player value. In 2024 alone, NFT games recorded $23 billion in on-chain transactions, yet only 38% of players stayed beyond a few weeks. Now, 62% of Web3 gaming users demand long-term engagement and fair gameplay over token speculation. MetaSpace’s Dubai Challenge underscores this shift. Beyond cash prizes, the project is building a true esports ecosystem. Over 1.8 million daily users now log into blockchain titles like Axie Infinity, Illuvium and The Sandbox, with new tournaments and prize pools anchoring player retention. This initiative sets a benchmark for NFT games, blending competition, community and real-world achievement.

XRP price prediction remains cautious as the token trades near $2.43, flirting with a potential 50-day/200-day “death cross” that could signal a deeper correction. Technical indicators, including a flattening MACD and neutral RSI, point to weakening momentum unless XRP reclaims the $2.50 resistance. On the bullish side, holding above the $2.35–$2.38 support zone and renewed whale accumulation could push XRP toward $2.60–$2.70. Conversely, a break below $2.35 would increase the likelihood of a retracement to $2.20 and even $2.05 if sellers intensify. Traders should watch these key levels to gauge the next leg of XRP price prediction and market direction.

DBS Bank and JPMorgan’s Kinexys have launched a cross-chain framework for instant tokenized deposits. The solution supports real-time settlements on both public and permissioned blockchains, reducing settlement times from days to seconds. Banks can issue, transfer and redeem JPMorgan Deposit Tokens (JPMD) on a public L2 base blockchain, converting them into DBS’s digital tokens or fiat. Tokenized deposits are fully backed by bank-held funds, offering programmable money features and regulatory oversight distinct from stablecoins. A proof-of-concept on the BaseScan Ethereum Layer 2 network showcases JPMD as a stablecoin alternative for institutional cash payments. The framework aims to standardize tokenized deposits, prevent ecosystem fragmentation and drive institutional adoption of programmable cross-border finance. Traders should monitor shifts in liquidity flows and emerging tokenization standards.

Bitwise’s Solana Staking ETF (BSOL) has launched options trading just two weeks after its debut, offering institutional investors new derivatives to hedge exposure. The BSOL ETF options began trading on Nov. 11 with strike prices from $16 to $26 and expirations through May 2026. The fund, which holds $497.2 million in assets and captures 98% of Solana ETF inflows, stakes all holdings for a 7.20% net yield and waives management fees on the first $1 billion through January 2026. Available via Interactive Brokers, the options chains include expiries on Nov. 21, Dec. 19, Feb. 20 and May 15. As America’s largest Solana ETF, BSOL outpaced Grayscale’s GSOL, offering derivatives tools that enable portfolio managers to implement complex trading strategies. The rapid launch of BSOL ETF options contrasts with Ethereum ETF options, which followed 15 months after their spot ETF debut. By adding options trading, Bitwise deepens market liquidity and risk management options for Solana, reinforcing institutional adoption and potentially supporting increased volume and price stability in both the short and long term.

Bitcoin rose to $103,517 on November 10 as traders tracked the return of McDonald’s McRib sandwich on November 11. The so-called “Bitcoin McRib” pattern has seen BTC rallies coinciding with past McRib launches in 2017, 2020, 2021 and December 2024. McDonald’s Senior Marketing Director Guillaume Huin highlighted this internet meme when confirming the latest launch, while investor Robert Kiyosaki revealed new purchases of gold, silver, Bitcoin and Ethereum. Since its 1981 debut, the limited-time McRib sees sporadic comebacks that spark market chatter and occasional price spikes. Although anecdotal, this meme-driven trend reflects trader sentiment. Experts caution that regulatory updates, economic trends and market fundamentals ultimately drive sustainable Bitcoin trading decisions.

SoftBank Group has sold its entire $5.83 billion stake in Nvidia, ending its connection with the US chipmaker to reallocate capital toward AI investments. The firm plans to invest up to $40 billion in OpenAI, financing the deal through ¥620 billion in yen-denominated bonds, $4.2 billion in foreign debt, and $15 billion in short-term loans. SoftBank provided $10 billion to OpenAI in April and expects an additional $22.5 billion in December. Alongside its OpenAI commitment, SoftBank is backing ABB Robotics to advance AI and robotics technologies, aligning with its mission to realize artificial superintelligence.