Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

XRP fell over 9% to $2.19 after Ripple’s Swell conference, wiping out earlier gains from a $500 million funding round led by Citadel Securities and Fortress Investment Group. Despite ETF amendment filings by Canary, Bitwise and Franklin Templeton briefly lifting XRP above $2.30, the token failed to break the $2.40 resistance or reclaim its $2.50 peak. Bearish technical signals—XRP slipping below its 50-day moving average and an RSI matching 2021 correction lows—combined with weak buying pressure despite 165 million XRP in trading volume. Traders now eye support at $2.10 and the proposed Section 8(a) Canary XRP ETF as a potential catalyst; a sustained close above $2.30 is crucial to avert further downside.

Bitcoin spot ETFs have faced consecutive net outflows, recording $471 million in outflows across all 12 funds at the end of October and a further $558 million withdrawn on November 7. Fidelity’s FBTC led ETF outflows with $164 million at month-end and $257 million on November 7, while Ark Invest/21Shares’ ARKB saw $144 million pulled in both periods. Combined assets under management of Bitcoin spot ETFs stood at about $150 billion at October’s close and $138 billion on November 7, representing 6.7% of Bitcoin’s market cap. Cumulative net inflows since launch total nearly $60 billion. Meanwhile, Ethereum spot ETFs recorded $81.4 million in net redemptions at the end of October, led by Fidelity’s FETH. These sustained ETF outflows suggest a cautious short-term market outlook for BTC and ETH, even as long-term adoption trends remain intact.

Early Bitcoin investor Owen Gunden transferred 483.3 BTC to Kraken on November 3 and another 500 BTC on November 8, totalling 983.3 BTC (about $105 million) in exchange deposits. These large Kraken deposits raised exchange inflows and could signal potential sell-offs, portfolio rebalancing or strategic hedging. Following these moves, Gunden’s on-chain holdings stand at around 6,650 BTC (approximately $685.7 million), underscoring his whale status and continued confidence in Bitcoin’s long-term outlook. Traders should monitor on-chain analytics, exchange order books and market sentiment for signs of selling pressure or hedging activity.

Evernorth’s $78M XRP losses follow large XRP acquisitions before a downturn, underscoring digital asset treasury strains. These XRP losses highlight the risk of holding volatile altcoins. Other DATs face similar unrealized losses. MicroStrategy’s shares fell over 26% as Bitcoin retreated, though its $74,000 average cost per BTC remains profitable. BitMine now reports nearly $2.1 billion in unrealized losses on 3.4 million ETH, including 565,000 ETH bought during the decline. On-chain data from CryptoQuant and BitcoinTreasuries show that poor timing and liquidity risk amplify losses for funds exposed to XRP and Ethereum. Analysts compare the squeeze to late-1990s tech bubbles and suggest Bitcoin-focused treasuries may fare better thanks to higher liquidity and clearer regulations. Traders should monitor price volatility, diversify holdings, reinforce treasury policies, and track regulatory updates to navigate ongoing market risks.

HBAR has extended its decline after hitting technical resistance at $0.2055, falling to $0.2010 on a 137% volume surge, signaling institutional distribution and triggering intraday volatility and a trading halt. Over the next 24 hours, the token dropped 2.3% from $0.1672 to $0.1634 as a breakout above $0.163 stalled at $0.164 amid profit-taking. HBAR has retraced its July uptrend and remains in range-bound bearish consolidation. Key support levels are at $0.1938 and $0.1595–$0.1610, and resistance at $0.164, $0.1662 and $0.2055. Traders will watch for a push above resistance to target $0.1672 or a support break that could trigger further downside.

The Blockchain Payments Consortium, launched on November 6 by Fireblocks, Solana Foundation (SOL), TON Foundation (TON), Polygon Labs (MATIC), Stellar Development Foundation (XLM), Mysten Labs and Monad Foundation, aims to set a common cross-chain payments standard for stablecoin transfers. The Blockchain Payments Consortium will define shared technical specifications—including data formats, API patterns and compliance checks—and collaborate with banks, regulators and payment providers to reduce friction between networks, simplify audits and reporting, and bridge crypto payments with traditional finance. The move follows 2024’s surge in stablecoin payments, which topped $15 trillion and outpaced Visa and Mastercard volumes. Clear interoperability standards are expected to enhance liquidity, lower transaction costs and speed up settlement times, driving broader institutional adoption of crypto payments and improving market stability.

Tokyo-listed Metaplanet Inc. has drawn $100 million from its newly established $500 million Bitcoin-backed loan facility, secured by 30,823 BTC. The variable-rate, open-ended credit line offers strategic flexibility with optional daily renewals amid Bitcoin price volatility. Metaplanet will deploy the funds to accelerate BTC accumulation, expand its cash-collateralized bitcoin income business—whose Q3 sales surged 115% to ¥2.4 billion ($16 million)—and back a ¥75 billion share repurchase program when market value dips below net asset value. The company retains conservative leverage, with the loan accounting for only 3% of total collateral, as it pursues a long-term 210,000 BTC holding target by 2027. Traders should watch how this Bitcoin-backed loan and share buybacks might boost market sentiment, improve capital efficiency, and generate stable returns through options-based income.

LeverUp has launched its LP-free decentralized perps exchange on the Monad layer-1 blockchain. The platform offers traders zero net fees by redistributing all protocol fees to participants. It supports up to 1001x leverage and uncapped market depth. All positions and fee flows are fully verifiable on-chain through an on-chain risk engine. LeverUp integrates its native stablecoin LVUSD for stable settlements and DeFi composability. By removing liquidity provider constraints, LeverUp scales open interest independently of TVL. This model reallocates fees back to users and eliminates liquidity fragmentation. Testnet access is live at app.leverup.xyz, with further integrations and updates planned.

Crypto liquidations surged to $739 million over 24 hours as leveraged long positions across Bitcoin (81% long), Ethereum (86% long) and Solana (93% long) were forcibly closed. This cascade deepened price declines and underscored extreme market volatility. In a follow-up update, total forced liquidations were revised to $376 million, driven by $230 million in Bitcoin, $130 million in Ethereum and $16.8 million in Solana longs. Crypto liquidations occur when maintenance margins fail, triggering automatic sell-offs on perpetual futures. High leverage amplifies risk during rapid price swings. Traders should manage leverage, set stop-loss orders and diversify positions. While mass liquidations can signal a market bottom, disciplined risk management remains vital in volatile crypto futures markets.

Sam Bankman-Fried (SBF) argues that FTX solvency was intact at its November 2022 collapse, citing the estate’s $14.6 bn in assets against $8 bn in customer liabilities. In an October 31, 2025 filing, he framed the shutdown as a liquidity run rather than a balance-sheet failure and blamed post-collapse advisers, including Sullivan & Cromwell and interim CEO John J. Ray III, for slowing recovery. Critics say using current asset valuations to prove FTX solvency is misleading and overlooks the liquidity crunch during withdrawals. On November 7, SBF reiterated on social media that FTX could cover all obligations. He accused the current restructuring team of excessive control and of withholding specific customer funds. He also noted that Chinese creditor representative Mr. Ji is actively seeking to recover these assets. The ongoing dispute over fund distribution and creditor rights may affect payout timelines and undermine market confidence in the FTX restructuring.

At the America Business Forum in Miami, President Donald Trump pledged to make the U.S. a Bitcoin superpower by establishing a Strategic Bitcoin Reserve funded by seized crypto and managed by the Treasury. He urged businesses to embrace cryptocurrencies to boost the economy and reduce reliance on the dollar. The administration is drafting technology-agnostic crypto regulation and hosted a digital asset summit to strengthen U.S. Web3 competitiveness. A March 2025 executive order and proposed Bitcoin Act would formalize Bitcoin as a national reserve asset. Trump’s Bitcoin superpower plan counters China’s digital asset advances and underscores America’s bid for long-term financial dominance in the global digital asset market.

Solana-based meme token BONK price extended its decline after breaching multiple support levels on surging volume. In morning trading, BONK price plunged 11.2% to $0.00001232 following a break below the key $0.0000137 support as volume jumped 46% above the daily average. A modest rebound to $0.00001309 gave way to intensified selling pressure, pushing BONK price below $0.00001200 in the latest session. The token slid another 4.06% to $0.00001174 on 779.9 billion tokens traded—47% above average—testing a low of $0.00001197 after rejecting resistance near $0.00001248. Technical indicators point to a distribution phase marked by lower highs and narrowing ranges. Immediate resistance lies at $0.00001248–$0.0000137, while support now sits around $0.00001197–$0.00001200. Traders will watch whether volume stabilizes above average to fuel a bullish reversal or if a break below $0.00001197 sparks further losses.

Shiba Inu’s token burn rate has seen sharp short-term spikes, first jumping 2,713% with 4.76 million SHIB burned and later surging 674% as over 12 million tokens were destroyed. Despite these bursts, the impact on the roughly 585–589 trillion circulating SHIB remains minimal. The most significant supply cut occurred in 2021 when Vitalik Buterin burned over 410 trillion SHIB. Subsequent community-driven burns have been small, sporadic and largely symbolic, lacking a protocol-level or utility-based mechanism to drive sustained deflation. As a result, SHIB’s price has remained flat around $0.000009–$0.000010. Looking ahead, the upcoming Shibarium Layer-2 scaling solution and Ethereum bridge restart could offer catalysts through faster, cheaper transactions, but broader market sentiment and on-chain utility adoption will ultimately determine long-term price movements.

Future Holdings has raised 28 million CHF ($34.5 million) to build its Europe-focused Bitcoin treasury platform in a strategic funding round led by Fulgur Ventures, Nakamoto and TOBAM. The Swiss-based firm will scale its institutional Bitcoin treasury strategy by increasing on-balance-sheet BTC reserves and enhancing multisignature custody and wallet infrastructure under Swiss governance standards. It also plans to launch proprietary research dashboards, treasury management tools and advisory services to support corporate Bitcoin adoption. The integrated platform covers Treasury Operations, Research & Analytics, Infrastructure & Platform development and Strategic Advisory. The leadership team features Chairman Richard Byworth, CEO Sébastien Hess, co-founders Marc Syz, Julian Liniger and Bitcoin pioneer Adam Back. Switzerland’s zero base rate and low bond yields offer an ideal environment for institutional Bitcoin treasury growth.

Balancer v2 exploit drained $117 million from Composable Stable Pools across Ethereum, Arbitrum, Avalanche, Optimism, Polygon, Gnosis, Base, Berachain and Sonic. The attack exploited a rounding error in the EXACT_OUT mode of the batchSwap upscale function, allowing attackers to bypass minimum supply checks. Balancer paused vulnerable v6 pools with Recovery Mode, while v5 pools remained at risk until intervention. In the Balancer v2 exploit, white-hat groups and security teams have recovered over $21 million so far. StakeWise reclaimed 5,041 osETH and 13,495 osGNO. Base MEV and BitFinding secured about $750,000. Monerium froze €1.3 million in EURe. Berachain initiated an emergency hard fork to fully restore its $12.8 million loss. Sonic and other chains froze attacker addresses. Balancer v3 was unaffected. This incident highlights the risks of smart contract rounding errors in DeFi protocols. Traders should avoid affected pools, monitor security updates and audits, and favour protocols with proven real-time monitoring and cross-chain recovery frameworks.

Dinari, Chainlink and S&P Dow Jones Indices will launch the S&P Digital Markets 50 Onchain Index on Avalanche in Q4 2025. The S&P Digital Markets 50 Onchain Index is a tokenized benchmark combining 35 US-listed equities with 15 major digital assets. Chainlink oracles will supply real-time price feeds, Proof of Reserve, NAVLink and SmartAUM services to ensure data integrity. Dinari’s dShares product will tokenize each security one-to-one, backed by regulated custodians and settled onchain. This tokenized index bridges traditional finance and DeFi. It offers institutional-grade transparency, programmable finance and reduced settlement times. The new index opens global access and enhanced compliance for traders seeking diversified onchain exposure to equities and crypto.

In October 2025, Coinbase filed for a national trust charter with the US Office of the Comptroller of the Currency (OCC). The Coinbase trust charter aims to simplify crypto custody and integrate digital assets into the broader financial system under a federal framework. The Independent Community Bankers of America (ICBA) formally challenged the application. It raised concerns about untested custody duties, profitability during market downturns, and the effectiveness of federal receivership tools. Coinbase’s Chief Legal Officer, Paul Grewal, dismissed these objections as bank protectionism. He argued that critics prefer crypto to remain unregulated. If approved, the Coinbase trust charter would allow Coinbase and other crypto firms to operate under federal oversight rather than state charters. Approval could shift custody services toward a unified federal model. A denial or prolonged delay would maintain the current state-by-state system. Traders should monitor the OCC’s estimated 12–18 month review timeline to gauge potential impacts on crypto custody and market regulation.

MicroStrategy holds about 641,205 BTC (≈$64 billion) and faces a $1.01 billion convertible note maturing September 15, 2027. Analyst Willy Woo says the company can settle this debt with cash, stock or both, as long as its share price stays above $183.19 (implying Bitcoin near $91,500). Experts agree that only a prolonged, severe bear market would force a Bitcoin sell-off. MicroStrategy’s shares recently hit a seven-month low, but low liquidation risk supports market stability. Woo warns that if Bitcoin fails to rally during the 2028 bull run, the firm may partially liquidate. Long-term forecasts from ARK Invest and Coinbase still predict Bitcoin could reach $1 million by 2030.

ZKsync co-founder Alex Gluchowski has proposed a new revenue-driven tokenomics model for the ZKsync governance token. The plan ties the token’s value to on-chain and off-chain network fees—interoperability, settlement and messaging—and to licensing fees from enterprise software. Under the model, all revenues flow into a governance fund that supports token buybacks, staking rewards, token burns and ecosystem grants. Gluchowski says these measures aim to boost token utility and fund platform upgrades, security enhancements and public goods. The proposal builds on Matter Labs’ June "ZKnomics" roadmap and signals ZKsync’s expansion into connected zero-knowledge chains. The team will seek community feedback via forums and X before finalizing detailed tokenomics. If approved, the new model could drive sustainable growth and strengthen ZKsync’s economic foundation.

Leverage Shares by Themes has expanded its single-stock leveraged ETF lineup with GEMG, the first U.S.-listed 2x leveraged ETF offering daily 2x exposure to Gemini Space Station (GEMI). Trading began on November 5, 2025, following the October 27 launches of BLSG (2x Long BLSH Daily ETF) and BMNG (2x Long BMNR Daily ETF). Each fund carries an industry-low 0.75% management fee. With these additions, Themes now offers 34 single-stock ETFs across technology, energy, consumer and financial sectors. Designed for active traders, the funds provide daily resets to amplify returns while enabling focused risk management through 2x leveraged ETF strategies.

Zama has acquired KKRT Labs, a zero-knowledge proof R&D firm backed by Vitalik Buterin, StarkWare and others. The deal accelerates Zama Protocol’s ZK rollups scalability to over 10,000 confidential transactions per second on Ethereum and Solana. KKRT Labs brings expertise in high-performance proving architectures and modular ZK rollups. The acquisition deepens Zama’s technical capabilities in blockchain scalability and privacy. It also paves the way for confidential stablecoin payments, private DeFi and on-chain asset management. Vitalik Buterin’s work on agentic AI risks and the GKR protocol underscores the critical role of secure, high-speed ZK proof systems in next-generation blockchain applications. This ZK rollups expansion positions Zama at the forefront of scalable, privacy-focused blockchain solutions.

The Madras High Court has affirmed that XRP qualifies as property under Indian law, marking a pivotal moment for XRP property rights in India. The decision, prompted by a WazirX user’s petition over 3,532.30 frozen XRP after a July 2024 hack, invoked Section 2(47A) of the Income Tax Act to classify virtual digital assets as intangible yet transferable property. The interim order blocks Zanmai Labs from reallocating tokens and mandates an $11,500 bank guarantee. This legal clarity forces exchanges to guarantee user assets, improve custody protocols, and comply with domestic jurisdiction. By aligning India with the US and UK, the ruling strengthens investor protection, may reduce litigation, and boosts confidence in XRP property recognition, as tokens traded near $2.30 post-ruling. Traders should monitor regulatory developments and adopt best custody and risk management practices.

Blockchain analytics firm Onchain Lens spotted HEX founder Richard Heart moving over 30,000 ETH (~$125 million) on October 27 to a newly created wallet, routing the majority—27,449 ETH—through an intermediary address into the Tornado Cash mixer and the remainder via direct transfers. By sending ETH through Tornado Cash, Heart broke on-chain audit trails, underscoring ongoing tensions in DeFi between privacy rights and transparency. High-volume ETH transfers to mixing services often draw investor and regulatory scrutiny, making it vital for traders to monitor subsequent on-chain movements, exchange deposits, official statements from Richard Heart or the HEX project, and potential shifts in the HEX token price.

On November 5, 2025, Sam Bankman-Fried’s legal team filed an SBF appeal at the Second U.S. Circuit Court of Appeals in New York, challenging his 2023 fraud conviction and 25-year sentence. The lawyers argue Judge Lewis Kaplan exhibited judicial bias by pressuring jurors into a quick verdict, ridiculing SBF’s testimony and blocking key defense evidence—particularly proof that FTX held sufficient assets to cover customer losses. They contend that prosecutors, media and FTX’s new management presumed guilt before trial, denying a fair defense. The appeal, supported by the SBF appeal team, seeks to vacate the conviction or secure a new trial before a different judge. Meanwhile, SBF is pursuing a presidential pardon after former President Trump granted clemency to Binance co-founder Zhao “CZ” Changpeng. His team maintains that FTX experienced a liquidity crisis, not bankruptcy, and that he never intended to defraud users. This SBF appeal underscores ongoing legal risks in the crypto sector and may influence market sentiment around FTX-related assets.

Chinese AI crypto trading models DeepSeek and QWEN3 MAX outperformed U.S. rivals on the Hyperliquid DEX’s Alpha Arena challenge. In the initial phase, DeepSeek posted a 9.1% unrealized gain across leveraged long positions in BTC, ETH, SOL, BNB, DOGE and XRP, while QWEN3 MAX lost 0.5%. U.S. chatbots Grok and ChatGPT-5 fell by 1.24% and over 66% respectively. In the $10,000 stage, QWEN3 MAX flipped to profit with a 7.5% ROI, netting $751 via a 20× Bitcoin long, against ChatGPT-5’s 57% loss. Despite $1.7B–$2.5B in R&D for ChatGPT-5, DeepSeek and QWEN3 MAX operated on $5.3M and $10–20M budgets. Analysts cite data quality and prompt engineering as key factors. This event underlines the rise of AI crypto trading tools and their potential impacts on market dynamics, while cautioning against fully autonomous execution.

Ripple has launched its spot prime brokerage in the US after acquiring Hidden Road for $1.25 billion. The spot prime brokerage offers institutional services including OTC spot trading, custody, settlement, and credit facilities. US clients can execute cross-margin OTC spot trades with CME futures and options. This integrated platform delivers deep liquidity, 24/7 trading, instant confirmations, and real-time reporting. It consolidates licenses, technology, and infrastructure into a single clearing, financing, and execution system. The launch complements Ripple’s On-Demand Liquidity solution and follows other strategic moves like the GTreasury acquisition and XRP reserve raise. Ripple aims to boost ecosystem liquidity, support on-chain payments, and capture more market share in the regulated US market.

OpenAI’s $38B AWS cloud deal secures dedicated cloud computing services over seven years, with capacity deployed by end-2026 and expanded into 2027. The AWS cloud deal shifts OpenAI beyond Microsoft, ensuring Nvidia GB200 and GB300 GPUs in low-latency EC2 UltraServer clusters for training and ChatGPT inference. This partnership accelerates agentic AI workloads and ties AWS more closely into OpenAI’s Stargate initiative to build 30GW of AI compute with $400B in planned investments. The move also sets a new benchmark for computing costs, highlights surging demand for AI infrastructure, and could fuel emerging AI-driven crypto applications. Traders should watch major cloud providers and GPU hardware stocks for broader market implications.

Strategy has filed to issue 3.5 million Euro STRE Preferred Stock shares at €100 each, offering a 10% annual cumulative dividend, payable quarterly from December 31, 2025. The euro-denominated STRE perpetual preferred shares rank junior to the firm’s €8.25B existing debt and sit below its STRF and STRC securities. Net proceeds will fund general corporate purposes and expand the Bitcoin treasury. Dividends will be financed through future capital raises and at-the-market offerings; unpaid dividends accrue interest at 11%, rising 1% per quarter to 18%. The offering targets professional and qualified investors in the EEA and UK, excluding retail. Barclays, Morgan Stanley and Moelis act as joint bookrunners. The Euro STRE Preferred Stock reflects growing demand for Bitcoin-backed securities in Europe and diversifies corporate funding channels.

At Hong Kong FinTech Week 2025, Standard Chartered CEO Bill Winters forecast that cash will vanish and all currencies will exist as digital currency processed on a blockchain settlement layer. He praised Hong Kong regulators for balancing innovation with compliance. Blockchain will underpin every transaction in his vision of global financial infrastructure. HSBC CEO Georges Elhedery outlined a $13.6 billion plan to privatize Hang Seng Bank and invest in education and research through partnerships with the Hong Kong University of Science and Technology. Financial Secretary Paul Chan Mo-po emphasised the city’s role as a gateway to mainland China and a hub for cross-border wealth management. Meanwhile, Coinbase CEO Brian Armstrong revealed intentions to build his entire startup process on blockchain. These developments highlight growing institutional adoption of blockchain and digital currency, reinforcing Hong Kong’s status as a leading fintech hub. Crypto traders should watch regulatory frameworks and institutional flows, as increased participation may spur liquidity and bullish momentum across major tokens.