Since its launch two weeks ago, the Solana spot ETF has recorded net inflows for ten consecutive trading days, attracting a total of $598 million in assets under management (AUM). According to SoSoValue data, the Solana spot ETF saw $6.78 million in net inflows on the latest trading day. Bitwise’s BSOL led with $5.92 million, bringing its cumulative inflow to $330 million, while Grayscale’s GSOL added $850,000, lifting its total to $12.8 million. Solana’s weight in the ETFs stands at 0.64%. Meanwhile, SOL trades around $165, down about 1% in 24 hours, with a market cap of $91.3 billion and daily volume of $5.7 billion. On-chain metrics remain robust, with a seven-day moving average of daily active addresses staying elevated, indicating resilient network activity that supports positive trading sentiment.
Bullish
Solana Spot ETFNet InflowsAssets Under ManagementSOL PriceOn-Chain Activity
The Altcoin Season Index has fallen to 30%, indicating only 30% of the top 100 altcoins have outperformed Bitcoin over the past 90 days. This low reading underscores growing Bitcoin dominance and a cautious market sentiment towards altcoins. Historical patterns suggest these periods can offer optimal entry points before an altcoin rally.
For traders, the Altcoin Season Index serves as a critical timing tool. A low index reading advises maintaining a strong Bitcoin exposure while selectively accumulating promising altcoins at discounted levels. Key strategies include diversifying assets, monitoring index thresholds, setting price alerts, and researching high-potential projects during quieter market phases.
To enhance decision-making, combine the Altcoin Season Index with other indicators such as Bitcoin dominance charts, trading volume analysis, and fundamental research. Regular weekly monitoring helps spot early shifts, as rises above 50 often precede altcoin rallies. Strict risk controls and portfolio rebalancing ensure traders stay prepared for future market cycles and potential upside.
Bearish
Altcoin Season IndexBitcoin DominanceCrypto Trading StrategiesMarket TimingPortfolio Management
Japan’s Financial Services Agency has greenlighted a JPY stablecoin pilot under its Payment Innovation Project. Major banks—Mizuho, MUFG, SMBC—and Mitsubishi Corporation’s finance arm will issue the coin via MUFG’s Progmat platform starting this month. The trial aims to modernize corporate settlements, lower transaction costs and boost productivity for over 300,000 clients. The FSA will publish results after completion.
The announcement comes as Tokyo fintech JPYC launched the country’s first fully convertible JPY stablecoin, backed by seven adopters. Meanwhile, Bybit has halted new Japanese registrations, and regulators are refining crypto rules: the FSA plans to let banks hold BTC, and the Securities and Exchange Surveillance Commission will tighten insider-trading penalties. The JPY stablecoin pilot signals Japan’s push for compliant blockchain payments and sets a precedent for future crypto regulation.
Bullish
JPY stablecoinJapanese banksBlockchain paymentsCrypto regulationFSA pilot
CryptoAppsy has launched a mobile app delivering real-time crypto data. The dashboard refreshes prices every five seconds across thousands of assets. This real-time crypto data feed supports arbitrage and sudden swing capture.
The “Panel” view consolidates favorites, multi-currency portfolio tracking, and a custom news feed. The portfolio tracker auto-calculates total asset values and fiat profit or loss. The personalized news feed filters curated summaries, live streams, and weekly developments by holdings.
In the “Index” section, users get early data on newly listed coins, including price, launch time, volume, market cap, and advanced historical charts. Smart price alerts push notifications at predefined levels to prevent missed opportunities. Lightweight and registration-free, the app is available in Turkish, English, and Spanish on iOS and Android. Rated 5.0 on the App Store and 4.5 on Google Play, it earns praise for its intuitive interface, fast notifications, and low device impact.
Bitwise Asset Management has updated its S-1 filing to remove a Section 8(a) delaying amendment, triggering a 20-day countdown to automatic effectiveness. If the SEC takes no action, the new spot Dogecoin ETF could launch on November 26, 2025. The fund will hold physical DOGE, vaulted by Coinbase Custody Trust, with BNY Mellon handling cash. It plans to list on NYSE Arca under ticker “DOGE” and track the CF Dogecoin-Dollar Settlement Price, charging a 0.45 percent expense ratio. Approval would mark the first major regulated spot Dogecoin ETF and reflect growing institutional demand for altcoin products. Traders should monitor SEC developments, fund inflows and market sentiment, as approval could spark short-term volatility and support longer-term adoption of Dogecoin ETFs, despite liquidity and price-risk considerations.
Coinbase Europe Limited has agreed to a €21.46 million settlement with the Central Bank of Ireland—the regulator’s largest crypto fine—to resolve failures in its AML compliance between April 2021 and March 2025. Coding errors in its transaction monitoring delayed review of over 30 million transactions worth €176 billion.
The breach led to 2,708 late suspicious transaction reports covering money laundering, fraud, drug trafficking, cybercrime and child exploitation. Under an Undisputed Facts Settlement, the penalty was cut by 30% from €30.7 million and now awaits High Court approval.
Deputy Governor Colm Kincaid warned that weak AML compliance opens doors to financial crime. Coinbase Europe will revamp its AML infrastructure with real-time monitoring, advanced algorithms and regular technical audits. Analysts expect the move to accelerate adoption of AI-driven compliance solutions across Europe, influence exchange operations and bolster market trust.
Neutral
AML complianceRegulatory penaltyCoinbase EuropeTransaction monitoringAI-driven compliance
Bitcoin price plunged below key support levels this week, first breaching $101,000 and then falling under $100,000 to hit $99,971 on Binance’s USDT pair. Traders attribute the drop to profit-taking by large holders, shifting market sentiment, regulatory concerns and institutional flows. The breach of the $100,000 psychological barrier has triggered automated stop-loss orders, intensifying market volatility.
Technical analysts are closely watching trading volume and institutional buying as potential stabilizers for Bitcoin price. To navigate the pullback, traders are advised to use dollar-cost averaging, set clear entry and exit points, rebalance portfolios and diversify holdings. While short-term volatility may persist, many investors view this correction as a buying opportunity, citing Bitcoin’s fixed supply, growing institutional adoption and long-term growth narrative.
Ethereum Spot ETFs recorded a net outflow of $119 million on Nov. 5, extending a six-day redemption streak. Grayscale’s ETHE Mini Trust and Fidelity’s FETH saw inflows of $24.06M and $3.45M, while BlackRock’s ETHA led outflows with $147M redeemed. Total assets under management (AUM) stood at $22.74B, about 5.46% of ETH’s market cap. On Nov. 6, the trend reversed with a $12.51M net inflow, driven by $8.01M into ETHA and $4.95M into FETH, despite a $3.53M withdrawal from ETHE. Post-flow AUM is around $21.75B, or 5.45% of ETH’s total value. Traders should watch Ethereum Spot ETF fund flows as key indicators of market sentiment and potential price pressure on ETH.
Mastercard, Ripple, WebBank and Gemini have partnered to pilot RLUSD stablecoin settlements on the XRP Ledger (XRPL). Pending regulatory approval, the trial will route Mastercard–WebBank payments through RLUSD, integrating Ripple’s regulated, dollar-backed stablecoin into everyday card transactions. Ripple highlights XRPL’s low costs and rapid finality and notes that daily transactions on XRPL rose 8.9% to 1.8 million in Q3 2025. Since launching in December on Ethereum and XRPL, RLUSD’s market cap has doubled to over $1 billion. As one of the first U.S. banking integrations with a public blockchain, this pilot may boost demand for XRP and pave the way for mainstream stablecoin settlements.
Coinbase is in late-stage talks for a $2 billion BVNK acquisition to enhance its stablecoin payment infrastructure. The Coinbase BVNK acquisition comes as stablecoins generated $246 million in Q3 2025, or 20% of Coinbase’s revenue. London-based BVNK, founded in 2021, offers enterprise-grade stablecoin payment solutions and has raised $90 million from Citi Ventures, Visa and Haun Ventures. Coinbase Ventures also holds a stake in BVNK.
The deal, expected to close by early 2026, follows U.S. GENIUS Act passage. The Act provides clear rules for stablecoin collateralization and AML compliance, sparking renewed institutional demand. Industry experts say the Coinbase BVNK acquisition will help diversify revenue beyond trading fees and position Coinbase ahead of rivals like Binance and Kraken.
By integrating BVNK’s technology, Coinbase aims to capture recurring transaction fees and reserve interest. Market projections see stablecoin capitalization exceeding $3 trillion by 2030. Traders should watch for long-term margin gains but limited immediate impact on token prices.
Grayscale Investments has launched a staked Solana ETF (ticker: GSOL) on the NYSE Arca with $102.7 million in seed capital. It follows Bitwise’s spot Solana ETF debut, which raised $222.9 million, making GSOL the second U.S. Solana ETF. Combined, both products attracted $325.6 million at launch.
The new Grayscale Solana ETF offers direct SOL exposure and on-chain staking. It distributes 77% of staking rewards to investors and retains 23% for operations. Bitwise’s fund allocates 72% of rewards to holders. Analysts forecast $3–6 billion in first-year inflows, driven by enhanced liquidity, tighter bid-ask spreads, and growing institutional demand.
On its first trading day, Bitwise saw $69.5 million in inflows. Market observers note that increased access to staking yields and improved market depth may boost SOL’s trading volumes and price stability. Traders can now compare fees, reward splits, and liquidity across these two Solana ETFs.
Mining firm BitMine has continued its aggressive Ethereum accumulation, adding 27,316 ETH (≈$113 M) on top of a prior 77,055 ETH ($321 M) purchase. Total Ethereum holdings now stand at about 3.31 million ETH (≈$13.3 billion), forming part of a $14.2 billion crypto treasury that includes 192 BTC, an $88 million stake in Eightco Holdings and $305 million in cash. Chairman Tom Lee attributes the buying strategy to improved macro conditions—calmer U.S.–China trade talks and stronger equity markets—and bullish technical indicators. BitMine controls roughly 2.8% of Ethereum’s circulating supply and aims to reach a 5% stake. Ethereum has rebounded above the key $4,000 support after dipping near $3,931. Traders now eye the $4,250–$4,300 resistance zone amid growing institutional demand and robust on-chain momentum.
Coinbase Acquires Echo for $375M in cash and stock, integrating Echo’s Sonar protocol into its platform. The Sonar protocol has powered onchain fundraising for nearly 300 projects, helping them raise over $200 million through private group investing and self-custodied public token sales. With this acquisition, Coinbase Acquires Echo’s tools and team led by Jordan “Cobie” Fish, enabling a full-stack solution from project launch to secondary market trading. The deal expands Coinbase’s DeFi offerings and paves the way for tokenized securities and real-world assets. Traders can expect increased transparency and efficiency in token sales, a likely boost to onchain fundraising activity and overall market optimism.
Kyrgyzstan has launched the KGST stablecoin, pegged 1:1 to the national som, on the BNB Chain and registered it in the State Register of Digital Assets. At a National Council meeting attended by President Sadyr Japarov and former Binance CEO Changpeng Zhao, officials set a two-month deadline to develop a national digital asset reserve plan—potentially including BNB tokens—and target KGST listings on global exchanges. Concurrently, the central bank initiated a three-phase pilot of its digital som CBDC: phase one enables bank transfers, phase two integrates government and social payments, and phase three tests offline transactions. Completion of the pilot will pave the way for a nationwide rollout. The project also includes collaboration with Binance Academy to boost blockchain education. These developments highlight Kyrgyzstan’s push to expand digital currency infrastructure and adoption in its financial system.
Crypto video platform Rumble is set to roll out Bitcoin tipping alongside USDT and Tether Gold tips to its 51 million users. The feature, built on Tether’s protocol and integrated into the Rumble Wallet by MoonPay, enables micropayments and cross-chain transactions. Currently in testing, Bitcoin tipping is slated for full launch by mid-December. By bypassing traditional payment systems and minimizing transaction fees, Rumble aims to boost creator monetization, complement its ad and subscription revenue models, and drive broader crypto adoption. The move builds on Rumble’s $25 million Bitcoin treasury strategy and promises faster, low-cost global payments via web and mobile apps.
Ripple has completed its $1.25 billion acquisition of non-bank prime broker Hidden Road, rebranding it as Ripple Prime and becoming the first crypto firm to operate a global, multi-asset prime brokerage. Ripple Prime offers institutional clients trading, financing, clearing and market access across foreign exchange, fixed income and derivatives, while integrating XRP and Ripple’s stablecoin RLUSD. RLUSD is already used as collateral in brokerage products, with transfer volumes exceeding 25 million and rising.
This deal follows Ripple’s earlier purchases of Metaco, Standard Custody & Trust, Rail and GTreasury, underscoring its push into institutional markets. The acquisition announcement, coupled with renewed institutional interest including Evernorth’s $1 billion funding, has driven XRP’s price up over 11% to $2.65, pushing its market cap above $159 billion and overtaking BNB as the fourth-largest cryptocurrency. On-chain data show reduced whale selling, negative spot netflows and record transfer activity, signaling strong accumulation. Technical indicators point to support at $2.15 and resistance at $2.80, suggesting potential for further upside in both the short and long term.
Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter and federal banking license, aiming to expand its regulated crypto custody services nationwide. If approved, Crypto.com can offer institutional clients, corporate treasuries, ETFs and professional investors enhanced custody, safekeeping and staking services across multiple blockchains—without holding FDIC-insured deposits or issuing traditional loans.
The filing supplements its New Hampshire–chartered Crypto.com Custody Trust Company and follows similar OCC filings by Coinbase, Circle and Ripple Labs. This strategic move underscores a broader industry shift toward institutional finance and regulation, streamlines asset segregation standards, and is expected to boost market confidence and institutional demand for secure crypto custody.
Chinese regulators led by the People’s Bank of China and Cyberspace Administration have ordered Ant Group and JD.com to pause their Hong Kong stablecoin projects. Despite Hong Kong’s new stablecoin framework attracting over 70 license applications, Ant International and Ant Tech had already launched pilot tests, and JD highlighted cross-border payment gains. Officials warn private stablecoins could erode currency sovereignty, facilitate capital flight through “compliant innovation,” and create shadow banking channels that undermine monetary policy and China’s central bank digital currency (digital yuan) rollout. Regulators also directed mainland brokers to suspend real-world asset tokenization in Hong Kong and refrain from favorable stablecoin research. The halt leaves a market gap likely to be filled by international banks and non-Chinese issuers. For traders, this development signals heightened regulatory risk around Hong Kong stablecoin ventures and underscores China’s priority of financial security over crypto innovation.
Bearish
Hong Kong stablecoinAnt GroupJD.comDigital yuanCrypto regulation
Maelstrom, the private office founded by ex-BitMEX co-founder Arthur Hayes, has launched a $250 million crypto buyout fund focused on equity investments in mid-sized blockchain infrastructure and analytics firms. The crypto buyout fund will acquire four to six cash-flow-positive companies, allocating $40 million to $75 million per deal via SPVs between March and September 2026. Backed by institutional investors like pension funds and family offices, the fund aims to deliver clean exit opportunities for founders and simplify valuations without token exposure or market volatility. The initiative marks a shift from token-based VC to a mature private equity approach and may boost consolidation and institutional confidence in the crypto sector’s recovery.
Bullish
Crypto Buyout FundPrivate EquityBlockchain InfrastructureCrypto M&AArthur Hayes
Huobi founder Li Lin’s Avenir Capital is raising $1 billion to launch an Ether trust via a Nasdaq‐listed shell. The fund, backed by Asia’s top investors including HongShan Capital ($500 M), Fenbushi’s Shen Bo, HashKey CEO Xiao Feng and Meitu’s Cai Wensheng, pools $200 M from Avenir. It offers institutional investors equity exposure to Ethereum, not direct token custody. Partners will provide regulated services, transparent net‐asset reporting and cold storage with minimal active trading. The trust is set to launch in 2–3 weeks. Avenir already manages over $1 billion in assets, holds 16.5 M shares of BlackRock’s IBIT and funded a $500 M Solana treasury. This Ether trust underlines growing institutional demand for Ethereum, supporting bullish momentum as ETH consolidates near $3,870 with a potential breakout above $4,450.
New York City has launched its first municipal Digital Assets Office to drive blockchain technology and cryptocurrency regulation. Established by Mayor Eric Adams via Executive Order 57, the Digital Assets Office reports to Chief Technology Officer Matthew Fraser and is led by Executive Director Moises Rendon. The office will shape city policy on digital assets, coordinate interagency efforts, run public education campaigns to combat scams, explore blockchain applications in municipal services, and partner with the NYC Economic Development Corporation to attract crypto businesses and jobs.
This initiative builds on New York’s strict licensing, transparency and consumer-protection framework, including recent BitLicense reforms. It follows Mayor Adams’s track record—receiving paychecks in BTC and ETH and convening a Digital Assets Advisory Council—and aims to streamline engagement with state and federal regulators. By educating underbanked communities on fraud risks and fostering regulatory clarity, the Digital Assets Office seeks to establish New York as a global hub for blockchain innovation and economic development.
Bullish
Digital AssetsBlockchain TechnologyCryptocurrency RegulationPublic EducationEconomic Development
Brazil crypto regulation takes effect on February 2, 2026, after the Central Bank approved Resolutions 519, 520 and 521. These rules require all virtual-asset service providers (VASPs) to register under the new Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAV) framework. Licensed VASPs face strict anti-money laundering, counter-terrorism financing and customer-protection standards. Resolution 521 treats stablecoin transfers as foreign-exchange transactions. It caps unauthorized cross-border trades at $100,000 and mandates reporting of all cross-border crypto dealings from May 4, 2026. A parallel bill proposes paying up to 50% of wages in cryptocurrency. The new framework follows a July 2025 cyberattack and aims to boost market transparency and integrity. Brazil crypto regulation offers clear guidance for firms and traders.
Neutral
Brazil crypto regulationVASP licensingAML complianceStablecoin FX rulesMarket transparency
US spot Solana ETFs have recorded ten consecutive days of net inflows, amassing $342 million since their October 28 debut. On November 4 alone, Solana ETFs attracted $14.9 million in net inflows—led by Bitwise’s BSOL with $13.2 million and Grayscale’s GSOL with $1.7 million. Data from SoSoValue shows Monday’s inflows of $5.92 million into BSOL and $0.85 million into GSOL, despite SOL price dipping 12% intraday to $146 before recovering above its $155 support to trade around $162–$164. In contrast, Bitcoin ETFs saw $566 million of outflows on November 4 (including $356.6 million from BlackRock’s IBIT) and a modest $1.15 million inflow on Monday, while Ethereum ETFs shed $219.4 million on November 4 (with $111.1 million from ETHA) and recorded no inflows Monday. Institutional investors are treating Solana ETFs as a high-beta diversification alongside Bitcoin and Ethereum, seeking higher returns amid market volatility. Continued Solana ETF inflows may tighten SOL supply, supporting price stability and long-term growth, potentially solidifying Solana as the third pillar of crypto portfolios.
Iran’s energy crisis has spurred a major crackdown on illegal Bitcoin mining. Officials report over 427,000 rigs operating without licenses, drawing about 1,400 MW of power—enough to supply 8,000 homes in early 2025. Hidden in factories and disguised as industrial sites, many farms tap directly into the grid using forged meters.
As the world’s fifth-largest Bitcoin mining hub (4.5% of global hashrate), Iran attributed up to 20% of its power deficit to unauthorized mining. Initial raids shut down 104 illegal farms and seized 1,400 machines. This year, authorities have dismantled 900,000 rigs, cutting consumption by 2,400 MW.
The energy ministry plans further meter inspections and offers informants up to 1 million tomans ($24) per tip-off. Enforcement challenges persist, with some state-linked entities operating with impunity. Traders should watch for sudden shifts in Iran’s mining capacity and potential hashrate volatility as officials tighten regulations.
Neutral
Bitcoin miningIran energy crisisIllegal mining crackdownHashrate volatilityPower consumption
Over the past week, Bitcoin price has swung below key support levels on the OKX exchange, dipping under $102,000 on November 5 and briefly falling below $105,000 to $104,966.40 on November 10. Despite the intraday volatility, Bitcoin price posted a 1.17% gain on November 10 after a 1.19% drop earlier in the week.
Traders are watching whether Bitcoin can reclaim the $105,000 support and challenge resistance near $110,000. Technical analysis warns that a sustained move below $105,000 could trigger short-term bearish momentum, while a breakthrough above $110,000 may renew bullish sentiment. Bitcoin remains range-bound amid macroeconomic uncertainty and holds above major long-term moving averages.
Neutral
Bitcoin priceMarket volatilitySupport and resistanceOKXTechnical analysis
CFTC Acting Chair Caroline Pham has confirmed that the agency will greenlight leveraged spot crypto trading in the US as early as next month. The CFTC is in talks with regulated exchanges—including CME, Cboe Futures Exchange, Coinbase Derivatives, Kalshi and Polymarket US—to launch leveraged spot crypto trading products. Under the Commodity Exchange Act, these leveraged transactions must result in actual delivery of crypto within 28 days, limiting open positions. The move builds on an August proposal on retail commodity trading with leverage, margin and financing. The CFTC plans to issue formal guidance on these products soon, using existing powers rather than waiting for new legislation. This step aims to bring institutional oversight, risk management and investor protections to onshore spot crypto markets that have largely operated offshore. Despite the ongoing US government shutdown, Senate leaders are close to a funding deal that could restore regulatory momentum. Traders should monitor forthcoming CFTC rules and the 28-day delivery limit, which may affect leverage strategies and market liquidity.
Ethereum spot ETF vehicles registered consecutive net outflows, totaling $184M on October 30 and $46.62M on November 7, as overall net outflows reached $230.62M across two sessions. On October 30, BlackRock’s ETHA led outflows with $118M but reversed with a $34.43M inflow on November 7, bringing its total net inflows to $13.87B. Invesco’s QETH added $2.59M (cumulative $23.9M), while Fidelity’s FETH had a $72.23M outflow (cumulative $2.577B). Bitwise’s ETHW saw a $31.14M outflow (cumulative $399M). Total assets under management for these Ethereum spot ETFs fell from $24.992B (5.51% of Ethereum’s market cap) to $22.664B (5.42%), with cumulative net inflows since launch at $13.861B. Traders should monitor this Ethereum spot ETF performance for signs of shifting investor demand.
Crypto liquidations hit $772 million across global perpetual contracts in the past 24 hours, reflecting elevated market volatility. Long positions accounted for $465 million of liquidations, while shorts saw $307 million forced closures. Bitcoin liquidations reached $286 million and Ethereum suffered $190 million in margin calls. The spike in crypto liquidations underscores heightened risk in the derivatives market. Traders should monitor funding rates, open interest, and support levels for signs of short squeezes or rapid trend reversals.
MUTM presale has reached 83% sell-through, raising over $18.45 million from 17,750 holders across six phases. In Phase 6, 85% of tokens sold at $0.035, delivering a 250% gain from the $0.01 Phase 1 price, and Phase 7 has set the price at $0.04. Early backers stand to gain over 500% on launch. The project’s Sepolia testnet launch is scheduled for Q4, with V1 deployment to support ETH and USDT-based peer-to-contract and peer-to-peer lending. Key DeFi features include liquidity pools, mtTokens, debt tokens, and a liquidator bot. A 90/100 CertiK audit and instant fiat-to-MUTM via Visa and Mastercard ensure security and accessibility. Upcoming upgrades include a USD-pegged stablecoin, Layer-2 integration to boost liquidity and reduce fees, and a token listing at $0.06. Analysts forecast a post-launch surge to $0.25 by mid-2026. Leaderboard rewards and clear tokenomics underpin a bullish outlook for traders.