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Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

XRP Price Under Pressure as Funds Rotate to AI and Meme Tokens

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XRP price is trading around $2.40, underperforming compared to high-beta sectors like AI tokens and meme tokens as capital rotates. On-chain data shows reduced whale activity and slow address growth, indicating subdued demand. The $2.35–$2.38 range remains critical support; breaking below could lead XRP price down to $2.20 or lower, while a break above $2.50 may open a path to $2.60–$2.70. Continued liquidity shift toward speculative AI-themed and meme coins could keep XRP price range-bound, limiting upside until large-cap rotations resume. Traders should watch on-chain whale signals and sector narratives for potential triggers.
Bearish
XRPLiquidity RotationAI TokensMeme TokensMarket Outlook

BNB Price Drops 30% Since October, Wedge May Signal Rebound

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BNB price has tumbled 30% from its October high of $1,369.85, trading around $958 on Nov. 12. User activity on the BNB Chain plunged, with daily transactions falling from 31 million on Oct. 8 to under 16 million, weakening network demand. Derivatives open interest also slumped from a record $2.97 billion to $1.35 billion, while the long-to-short ratio dipped below 1, reflecting growing bearish bets. On the daily chart, BNB price has formed a falling wedge pattern and is testing the upper trendline near the key $1,000 level. A decisive breakout could target $1,100–$1,300, potentially recouping most October losses. However, a bearish MACD and an RSI below 40 suggest BNB price may face further downward pressure before any sustained rally. Traders should watch for wedge breakout confirmation and monitor on-chain metrics, derivatives demand, and momentum indicators to gauge rebound strength.
Neutral
BNBFalling WedgeTechnical AnalysisDerivatives MarketBlockchain Activity

Entity Captures 60% of aPriori Airdrop with 14,000 Wallets

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A single entity appears to have exploited the aPriori airdrop on BNB Chain, claiming over 60% of distributed APR tokens through more than 14,000 coordinated wallets. Blockchain analytics firm Bubblemaps identified a dense network of freshly created addresses funded via Binance, each receiving exactly 0.001 BNB for gas. These wallets routed APR tokens through secondary addresses to mask ownership, suggesting a Sybil attack. The airdrop, which launched on October 23, distributed 12% of APR’s total supply and offered users a choice between immediate or delayed claims tied to the Monad mainnet launch. Bubblemaps has opened an investigative case and called on the community to vote with BMT tokens to prioritize further analysis. This incident follows similar exploits against MYX Finance and Avantis, underlining persistent Sybil attack risks in token launches. Traders should monitor protocol responses and potential anti-Sybil upgrades ahead of Monad’s mainnet debut.
Bearish
aPriori AirdropSybil AttackBNB ChainBlockchain AnalyticsBubblemaps

US stock futures climb on optimism over government shutdown end

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US stock futures rose sharply as optimism grew over a possible end to the government shutdown. S&P 500 futures climbed 0.5%, Nasdaq 100 futures jumped 0.8% and Dow futures added 0.3%. Investors reacted positively to signs of a bipartisan deal that could reopen federal agencies and resume budget negotiations. The easing of fiscal uncertainty boosted risk appetite across equity markets. Technology giant AMD also provided support after hints of stronger demand for its semiconductors. Traders will watch further developments in Washington and upcoming economic indicators for confirmation of this risk-on trend. A swift resolution of the shutdown could sustain gains in stock futures and lift broader market sentiment.
Bullish
US government shutdownStock futuresEquity marketsS&P 500 futuresNasdaq 100 futures

VCI Global to Invest $100M in OOB Tokens with Tether Leading

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Malaysia-listed VCI Global plans a $100M investment in the OOB token across two phases: a $50M private placement from the OOB Foundation at $0.20 per token, followed by a $50M open-market purchase after listing. The move values OOB token at $200M and positions Tether as VCI’s largest shareholder through its Oobit stake. VCI will launch a crypto reserve division to embed OOB token into its AI and fintech products. Oobit is rebranding from OBT to OOB and migrating from Ethereum to Solana, with tokens due on 12 November. Backers include Tether, Solana co-founder Anatoly Yakovenko, CMCC Global and 468 Capital. Despite the anticipated boost to real-world crypto payments via Tap-to-Pay, VCI shares slid 26.6% on the announcement.
Bullish
VCI GlobalOOB TokenTetherOobitSolana

OSL Global Enables USDT Deposits & Withdrawals on TRON Network

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OSL Global has completed the USDT TRON integration, enabling users to deposit and withdraw Tether (USDT) via the TRON network. This stablecoin integration expands the platform’s support, joining existing USDT services on Solana and Ethereum. Previously, OSL Global introduced a 1:1 no-slippage conversion between USDC and USD. The crypto exchange also added multiple fiat on-ramps—Apple Pay, Google Pay, credit cards, and bank transfers—supporting 134 currencies including USD, EUR, and TWD. The USDT TRON integration enhances liquidity and lowers transaction costs, offering traders faster, more secure transfers. These upgrades solidify OSL Global’s role as a leading exchange with comprehensive stablecoin and fiat on-ramp solutions.
Bullish
USDT IntegrationTRON NetworkStablecoinsCrypto ExchangeFiat On-ramp

Crypto Trading Essentials: Risk Control, Stop-Loss and Position Sizing

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In crypto trading, effective risk control and position management are critical to preserving capital. Every trade must include a clearly defined stop-loss placed at a price level where your initial market thesis is invalidated. Begin by formulating your stop-loss logic—identifying when market moves refute your entry rationale—then decide the maximum loss you can accept per trade. Use risk control measures to prevent excessive drawdowns by calibrating position size based on a predefined loss limit. Avoid arbitrary stop placements and overleveraging: if your stop-loss distance is 10%, leverage should not exceed 10× to prevent forced liquidation. Treat each additional position as an independent trade with its own entry and exit plan. Properly applied, these strategies help traders manage drawdowns, optimize capital allocation, and enhance long-term profitability.
Neutral
Risk ControlPosition ManagementStop-LossLeverageCrypto Trading

Alameda Unlocks 193K SOL ($30M), Solana Price Holds Near $158

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On November 11, Alameda Research and FTX unlocked 193,000 SOL tokens (about $30 million) as part of a structured vesting schedule. Since November 2023, over 8 million SOL worth more than $1 billion has been released to repay creditors. The tokens are often sold on major exchanges, adding selling pressure. Despite these unlocks, Solana’s price showed resilience. SOL traded near $158, down 3.9% for the day, but maintained a consolidation range between $156 and $165. Analysts highlight key resistance at $195–$200 and suggest a close above $180 could trigger a bullish breakout. Scheduled monthly unlocks will continue until 2028, but much of the supply impact appears priced in. Crypto traders should watch price action around these levels for short-term entry or exit signals and monitor ongoing vesting events for potential volatility.
Neutral
SolanaSOL UnlockAlameda ResearchCrypto MarketPrice Resilience

Brazil Tightens Crypto Regulations to Combat Scams

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In November 2025, Brazil’s Central Bank announced new crypto regulations aimed at curbing scams, fraud and money laundering in the cryptocurrency market. Effective from February 2026, the guidelines require licensing for foreign-exchange and securities brokers, distributors and virtual-asset service providers. The rules classify all transactions involving fiat-pegged stablecoins as foreign exchange operations, including international payments and electronic transfers. Enhanced customer protection, transparency and anti-money laundering measures ensure virtual-asset service providers meet standards comparable to traditional financial institutions. These crypto regulations follow four public consultations and build on Brazil’s 2022 cryptocurrency legal framework. Concurrently, the Bank of England advanced its stablecoin regime by proposing stablecoin issuers invest up to 60 % of reserves in government debt and capping holdings while considering central bank liquidity support during market stress. Traders should note that Brazil’s crypto regulations may increase compliance costs and drive market consolidation among service providers, but could also strengthen market integrity and boost long-term adoption.
Bullish
Crypto RegulationsBrazil Central BankScams and FraudStablecoinsAnti-Money Laundering

PayPal Launches PayPal+ Loyalty and Cards in the UK

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PayPal has relaunched its UK service with a unified digital wallet experience and introduced PayPal+, its first loyalty programme. Available to nearly 30 million UK customers, PayPal+ lets users earn points on online, in-store and Buy Now, Pay Later transactions. Every 1,000 points equate to £10 in spending credit at millions of merchants worldwide. The free programme offers tiered rewards—Blue, Gold and Black—with higher tiers unlocking 50% bonus points and exclusive perks. PayPal also rolled out a contactless PayPal Debit Card that links directly to the wallet, earning 10x points per £10 spent, with no transaction fees on Mastercard networks. Additionally, PayPal Credit expands in-store payment options via a virtual and physical card, while Pay in 3 continues to provide flexible payment plans and points. The launch coincides with brand collaborations like Live Nation UK, offering early festival access and VIP experiences. This move underscores PayPal’s commitment to innovation in fintech, blending loyalty, credit and seamless payments for UK consumers.
Neutral
PayPalDigital WalletLoyalty ProgramFintechUK Payments

Binance $1B Stablecoin Inflows Signal Buying Spree

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Binance has recorded over $1 billion in stablecoin inflows within 24 hours, including $377 million in USDT and $650 million in USDC. Total stablecoin deposits to the exchange exceeded $3 billion over the past week. Historically, a similar $1.4 billion USDT inflow on October 12 triggered a market-wide rally, lifting global crypto market cap from $3.69 trillion to $3.94 trillion in under 24 hours. At the same time, Ethereum outflows are accelerating: 35,300 ETH (approximately $465 million) left Binance in 24 hours, with 184,740 ETH withdrawn from major exchanges in the same period and over 320,000 ETH in a week. These trends suggest strong accumulation and reduced exchange supply, which could dampen volatility and fuel further gains. With Bitcoin trading above $104,000 and macro drivers like US government reopening improving risk sentiment, traders may see stablecoin inflow as a bullish signal for both BTC and altcoins.
Bullish
BinanceStablecoin InflowsMarket RallyEthereum OutflowsCrypto Market

Gemini Q3: Revenue Doubles Yet Loss Widens to $159.5M

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Gemini Q3 earnings report reveals net revenue of $50.6 million, up 104% year-on-year and 52% quarter-on-quarter, fueled by a 26% rise in transaction fees to $26.3 million and a 111% surge in services revenue to $19.9 million. However, operating expenses soared to $171.4 million, widening the net loss to $159.5 million and pushing adjusted EBITDA into a $52.4 million deficit. Gemini Q3 earnings underscore the cost of its aggressive expansion strategy. After-hours trading saw shares drop over 6% amid investor concerns. The exchange offset $106.8 million gains in digital assets with an $83.1 million loss in crypto lending. Gemini has secured an EU MiCA license, launched operations in Australia, and is developing a crypto super app for tokenized dollars, stocks and digital goods.
Bearish
Gemini Q3 earningsnet lossrevenue growthEU MiCA licenseexpansion strategy

Ethereum Fusaka Upgrade: 8× Scaling and Instant DeFi

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The Ethereum Fusaka upgrade, set for December 3, brings an eightfold boost to on-chain capacity and slashes node storage and bandwidth requirements via PeerDAS. It stabilizes blob fees with EIP-7918’s price floor and ramp controls and introduces dynamic blob tuning through EIP-7892 without hard forks. Four security EIPs (7823, 7825, 7883, 7934) reinforce DoS protections, while pre-confirmed slots and execution optimizations cut finality times, reduce gas costs and lower smart-contract fees. Validator hardware needs fall to 8 GB RAM and 25 Mb/s broadband, enabling home-device staking and enhancing network decentralization. Higher L1 throughput and lower Layer 2 fees unlock real-time DeFi, AI agent and high-frequency DApp use cases. Major protocols like Aave and Synthetix can expect faster settlements, lower slippage and deeper liquidity. Overall, the Ethereum Fusaka upgrade positions the network for renewed ETF flows, improved staking risk profiles and broader adoption.
Bullish
EthereumFusaka UpgradeScalingDeFiNode Decentralization

Bitcoin Correction Warning: Testing 365-Day MA & Death Cross

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Bitcoin is trading near $103,500 and testing its 365-day moving average—a key support that has historically triggered major rallies or steep declines. A clear break below this line in 2022 preceded a 66% drop. Analysts also note the looming Death Cross between short-term and long-term moving averages, while resistance persists in the $107,000–$118,000 zone due to long-term holder selling and macro headwinds. Cycle studies show Bitcoin tops about 1,064 days after a market low. The recent peak near $126,000 fits this pattern, suggesting a macro downtrend may have begun. If history repeats, a bottom could form around October 2026, possibly between $38,000 and $50,000. Traders should watch the 365-day MA test, Death Cross signal, and resistance barrier. These factors underline a Bitcoin correction in the short term and frame expectations for a deeper, multi-year decline.
Bearish
BitcoinMoving AverageDeath CrossResistanceMarket Cycle

Top Bitcoin Slot Games Casinos 2025: Provably Fair Crypto Sites

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Bitcoin slot games remain the most popular category in crypto casinos, and in 2025 top platforms offer instant payouts, anonymity, and provably fair mechanics. Leading the field, Dexsport.io delivers a fully decentralized experience, supports 38 cryptocurrencies, and boasts a 480% welcome bonus plus 300 free spins. On-chain betting transparency ensures every spin is verifiable. Other trusted crypto casinos include Vave, Jackbit, CoinCasino, and 7Bit, each offering large game libraries, fast crypto withdrawals, and bonuses. Popular titles for Bitcoin slot games in 2025 feature Sweet Bonanza, Book of Dead, Gates of Olympus, Big Bass Bonanza, Money Train 4, Sugar Rush, and Mega Moolah. When choosing a casino, traders should evaluate anonymity (no KYC), on-chain fairness, game variety, withdrawal speed, and licensing. Decentralized crypto casinos are reshaping online gambling, making gameplay faster, fairer, and more private with Bitcoin slot games at the forefront.
Neutral
Bitcoin slot gamesCrypto casinoProvably fairDecentralized gamblingInstant withdrawals

HashKey Global Unveils USD-Settled BTCUSD Perpetual Contract

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On 12 November 2025, HashKey Global launched its first BTCUSD fiat-settled perpetual contract. The BTCUSD perpetual contract allows traders to use USD directly as margin, cutting trading costs by removing stablecoin conversions. Settlements occur in USD, and collateral is held in a dedicated fiat risk reserve account with bank-grade custodial safeguards for capital security and compliance. Initially aimed at institutional and corporate investors prioritizing capital efficiency and regulatory assurance, access will later open to retail users. Use cases include USD asset allocation and risk hedging, bridging traditional finance and Web3 innovation. Ben El-Baz, Head of Global Expansion, highlighted the product’s role in accelerating a compliance-centric market and reinforcing HashKey Global’s secure, efficient infrastructure. Operating under a Bermuda F-Class license, HashKey Global excludes users in Hong Kong, the U.S., and mainland China.
Bullish
BTCUSDfiat-settled perpetual contractHashKey Globalinstitutional tradingregulatory compliance

Lighter Raises $68M at $1.5B Valuation for Ethereum L2

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Vladimir Novakovski, former AI prodigy and Harvard graduate, pivoted from his AI social platform to found Lighter, a decentralized exchange and Ethereum Layer 2 blockchain specializing in perpetual futures trading. In its latest funding round, Lighter secured $68 million led by Founders Fund and Ribbit Capital—bringing total financing to nearly $90 million—and achieved an implied valuation of $1.5 billion. Other backers include Haun Ventures, Robinhood, Dragonfly, and Robot Ventures, with the deal comprising both equity and token allocation rights. Launched in January, Lighter’s rollup-based L2 network quickly ranked among the top Ethereum Layer 2s by total value locked (TVL). It offers zero-expiry perpetual contracts and plans to introduce spot markets for Bitcoin and other tokens. Facing competition from Hyperliquid and Binance-backed Aster, Lighter distinguishes itself through early profitability and a transparent, fair infrastructure layer. With robust investor confidence and rapid TVL growth, Lighter is well positioned for further expansion in the decentralized finance ecosystem.
Bullish
LighterDecentralized ExchangeEthereum Layer 2Perpetual FuturesSeries A Financing

Morgan Stanley Flags Bitcoin Autumn as Fed Rate-Cut Split Grows

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Morgan Stanley analysts say Bitcoin is entering a four-year “autumn” phase and advise taking profits before a potential “winter” downturn. Bitcoin has dipped below its 365-day moving average, signaling weaker momentum and stagnant liquidity from stablecoins and ETFs. Federal Reserve officials are increasingly divided over a December rate cut amid tensions between cooling inflation and a softening labor market, adding uncertainty to the macro outlook. Onchain data shows growing whale interest: a single whale now holds 385,713 ETH, while Paradigm recently staked 14.7 million HYPE tokens. Bitmine’s ETH holdings rose to 3.529 million ETH, valued at $12.84 billion. Major projects are also advancing: Astar Network unveiled a Phase 2 roadmap capping ASTR supply at 10.5 billion and introducing a Burndrop scheme; Phantom Wallet confirmed no plans for its own chain or IPO; Sonic Labs will roll out a tiered fees model and open a New York office. Macro moves include Visa’s USDC payment pilot for enterprises and JPMorgan’s launch of JPM Coin for instant payments. Crypto deal activity saw Coinbase cancel its $2 billion BVNK acquisition and Curvance complete a $4 million strategic funding round. Bitcoin spot ETFs netted $524 million inflows, while Ethereum spot ETFs saw $107 million in outflows.
Bearish
Bitcoin OutlookFed Rate CutAstar RoadmapCrypto ETF FlowsStablecoin Payments

Global EV Sales Up 23% in October; BYD Overtakes Tesla in UK

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Global EV sales rose 23% year-on-year in October to 1.9 million units, driven by strong demand in China and Europe. China led with 1.3 million units—over half of global EV volume—benefiting from purchase tax incentives. Europe’s EV market surged 36% to 372,786 vehicles, supported by VAT cuts and expanding charging infrastructure in Germany, France and the UK. North America saw a 41% decline to 100,370 sales after U.S. federal tax credits expired, widening the price gap between EVs and combustion models. Other regions grew 37% to 141,368 units. In the UK, BYD overtook Tesla in October, recording 39,103 year-to-date sales against Tesla’s 35,455, thanks to competitive models like the Atto 3 and Seal. Market analysts at Rho Motion forecast global EV sales to exceed 17 million units in 2024—a 20% increase—while the IEA predicts Europe will command 25% of global EV sales by 2025. Automakers are responding with localized production and new factory investments. Falling battery costs at $132 per kWh and future solid-state advances are expected to narrow price gaps and sustain EV adoption into the next decade.
Neutral
Electric VehiclesEV SalesBYDTeslaUK Market

Bitget Adds ALLOUSDT Perpetual Futures with 20× Leverage and Bot Support

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Bitget has launched ALLOUSDT perpetual futures with up to 20× leverage, offering USDT-settled contracts and a 0.0001 tick size. Live since November 11, 2025 (UTC+8), the ALLOUSDT futures product features funding rate settlements every four hours and full 24/7 trading access. Traders can automate strategies via Bitget’s futures trading bots, enhancing response times to market moves. This ALLOUSDT futures listing underscores Bitget’s push to diversify crypto derivatives offerings, targeting both experienced and algorithmic traders. With high-leverage trading and bot compatibility, Bitget aims to boost liquidity and trading volumes while meeting the evolving needs of the global crypto community.
Bullish
BitgetALLOUSDT futuresleverage tradingtrading botscrypto derivatives

Bithumb to Suspend HIVE Deposits and Withdrawals for Network Upgrade

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On Nov 19 at 09:00 UTC, Bithumb HIVE suspension will halt HIVE deposits and withdrawals to implement a Hive network upgrade. During this maintenance window, HIVE trading on Bithumb’s order books is expected to continue. Traders should complete pending deposit and withdrawal requests before service suspension and monitor Bithumb’s official channels for restoration updates. The Bithumb HIVE suspension may last several hours up to a day, depending on upgrade complexity. The Hive network upgrade aims to increase transaction speeds, reduce network congestion, enhance security, add developer features, and improve scalability. This proactive exchange maintenance follows industry best practices and safeguards user assets. Account balances remain secure throughout the maintenance. Traders needing transfers during the downtime should adjust positions in advance. Overall, the suspension is routine maintenance with minimal impact on market stability and HIVE’s price.
Neutral
BithumbHIVEHive NetworkExchange MaintenanceCrypto Trading

DFSA-Approved Tokenized MMF QCDT Goes Onchain via Mantle

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Mantle Network, DMZ Finance and Bybit have launched QCDT, the first DFSA-approved tokenized money market fund (MMF) onchain. Co-developed with Qatar National Bank and Standard Chartered, QCDT runs on Mantle’s modular Layer-2 infrastructure to deliver institutional-grade yield through a regulated tokenized money market fund. Bybit now accepts QCDT as collateral, allowing qualified institutions to use MMF units backed by U.S. Treasuries as margin. This integration unlocks up to $1 billion in borrowing capacity, enabling financial firms to deploy onchain yield strategies within a compliant framework. QCDT bridges traditional finance and DeFi by combining DMZ Finance’s tokenization expertise, Mantle’s scalable blockchain architecture and Bybit’s exchange infrastructure. Belle, Head of BD at Mantle, says the project paves the way for large-scale institutional adoption of real-world assets onchain. Nathan Ma, co-founder of DMZ Finance, highlights improved liquidity and access for both TradFi and Web3 investors. The launch advances Mantle’s Real-World Asset strategy, reinforcing its role as a gateway for tokenized assets such as mETH and fBTC.
Bullish
Tokenized Money Market FundDFSA ApprovalOnchain YieldMantle NetworkInstitutional DeFi

Visa Direct stablecoin pilot enables instant gig payouts

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At the Lisbon Web Summit, Visa announced the Visa Direct stablecoin pilot, enabling businesses and platforms to fund payouts in fiat and deliver them instantly to recipients’ stablecoin wallets. This Visa Direct stablecoin pilot leverages existing Visa payment rails to reduce intermediaries and cross-border settlement times. Creators, gig workers and other recipients can choose their preferred stablecoin wallet to receive real-time on-chain transfers. By combining fiat funding with stablecoin distribution, the initiative aims to improve liquidity access, lower transaction costs and accelerate payout speed. This move marks a significant advance in mainstream crypto payments, potentially boosting stablecoin transaction volumes and highlighting evolving payment infrastructure for traders.
Bullish
Visa Directstablecoin payoutscrypto paymentsgig economycross-border payments

Whale gud.hl Stakes $4.48M USDC on HyperLiquid for 12× BTC Long

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On November 12, the whale address “gud.hl” transferred approximately $4.48 million in USDC to the HyperLiquid derivatives platform, opening a 12× leveraged long position on Bitcoin (BTC). The whale’s aggressive BTC trade on HyperLiquid highlights growing demand for high-leverage USDC-backed derivatives and could intensify short-term volatility in the Bitcoin market. In parallel, “gud.hl” also maintains a 3× leveraged long in the TRUMP token, sitting on an unrealized loss of roughly $207,000, underlining the risks of leveraged crypto positions. Traders may track USDC inflows and whale BTC risk-on movements on HyperLiquid as gauges for market sentiment and liquidity shifts.
Bullish
Crypto whalesHyperLiquidUSDC depositBTC leverageTRUMP token

Ethereum Open Interest Falls 3.3% to $39.09B in 24 Hours

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Ethereum’s aggregate open interest across all derivatives contracts declined by 3.3% over the past 24 hours, dropping to $39.09 billion, according to Coinglass data. Binance remains the top venue with $7.77 billion in ETH positions, followed by CME Group at $7.49 billion and Gate.io at $3.71 billion. The decrease in open interest suggests a temporary pullback in leverage usage among traders as markets digest recent volatility. Market participants will watch whether this contraction leads to renewed accumulation or further position adjustments in the coming sessions.
Neutral
EthereumOpen InterestDerivativesBinanceCrypto Market

Bitcoin Price Tops $105,000 with 1.49% Daily Gain

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BTC price crossed the $105,000 mark on November 12, hitting $105,019.10, according to OKX. The BTC price jumped 1.49% intraday, reflecting ongoing bullish momentum. Traders are eyeing the $105,000 resistance for potential breakouts. This BTC market update offers timely price insight without serving as investment advice.
Bullish
BitcoinBTC priceMarket momentumOKXCryptocurrency

Bitcoin Volatility to Surge After BVIV Breakout

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Bitcoin volatility has awoken after months of calm as Volmex’s 30-day implied volatility index (BVIV) broke above its year-to-date downtrend. The BVIV surge signals that traders should brace for heightened price swings and market turbulence. Analysts point to three key catalysts behind the rise in Bitcoin volatility. First, traditional volatility sellers—whales, miners and OG holders—have pulled back from call overwriting since the October 10 selloff, reducing downward pressure on implied volatility. Second, market liquidity has thinned significantly following record forced liquidations of roughly $20 billion, prompting many market makers to lower risk limits or pause trading, which amplifies volatility. Third, macroeconomic concerns, including a U.S. government shutdown standoff and missing economic data clouding Federal Reserve policy, are fueling uncertainty and keeping implied volatility elevated. Traders should monitor BVIV closely and adjust risk management strategies, as sustained high Bitcoin volatility could present both opportunities in options markets and challenges for directional positions. Short-term price swings may widen, while long-term volatility depends on liquidity restoration and macro clarity.
Neutral
Bitcoin volatilityBVIV breakoutMarket liquidityOptions tradingMacro risks

US Crypto Framework Positions America as Global Leader

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Bernstein says the new US crypto framework, defined by the GENIUS Act and the upcoming CLARITY Act, marks the most mature phase yet for America’s digital asset market. The GENIUS Act has boosted stablecoin regulation, driving US dollar–backed supply above $260 billion. The CLARITY Act will create a unified market structure by clearly dividing responsibilities between the SEC and CFTC. Bernstein analysts highlight SEC Chair Atkins’ Project Crypto as pivotal, reclassifying most tokens outside securities law and enabling tokenized securities under one regulatory umbrella. Improvements in on-chain trading and 24/7 settlement aim to cut costs and reduce political risk. Crypto ETFs now hold $160 billion, with institutions making up around a quarter of investors. Digital asset IPOs have raised $4 billion this year, and publicly traded crypto firms’ market cap jumped from $80 billion to $380 billion, led by COIN and HOOD’s S&P 500 inclusion. Bernstein projects a new, sustainable crypto cycle driven by regulation, institutional adoption, and deeper blockchain integration in capital markets.
Bullish
US crypto regulationStablecoinsCrypto ETFsInstitutional AdoptionTokenized Securities

Hong Kong Issues 3rd Blockchain Green Bond in 4 Currencies

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Hong Kong issues its third blockchain-based green bond (digital bond), leveraging HSBC’s permissioned blockchain and subsidized by the HKMA’s Digital Bond Grant Scheme. The AA+-rated digital bond will be denominated in US dollars, euros, offshore yuan and Hong Kong dollars, with proceeds funding environmental and climate initiatives. All issuance, recording and settlement occur on-chain, backed by immutable transaction records, real-time impact tracking and reduced administrative costs through tokenization and removal of intermediaries. A built-in fail-safe allows reverting to traditional systems if needed. This follows two prior digital bond sales and at least six tokenized corporate bond offerings totaling $1 billion since 2023. Authorities highlight cross-border regulatory compliance and technical infrastructure as challenges but plan international cooperation to drive adoption of blockchain green finance and pave the way for future tokenized bonds.
Neutral
Blockchain Green BondDigital BondTokenizationSustainable FinancePermissioned Blockchain