Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On November 10, the Bank of England will publish a consultation paper outlining its stablecoin regulation, aiming to align the UK’s framework with the US GENIUS Act timeline. Deputy Governor Sarah Breeden announced detailed rules for digital payment tokens, issuer requirements, operational standards, and risk controls. This response follows coordinated efforts between UK and US regulators and finance ministries after Chancellor Rachel Reeves met US Treasury Secretary Scott Bessent. The new framework addresses concerns of regulatory lag and seeks to foster innovation while ensuring market stability. Parallel developments include Canada’s 2025 budget proposal for a national stablecoin regime with full reserves and robust controls. Growing corporate demand is evident as Western Union, SWIFT, MoneyGram, and Zelle integrate stablecoin solutions. The US Treasury projects the $310 billion stablecoin market could reach $2 trillion by 2028, underscoring the need for clear, harmonized regulation to support future market growth.

Shiba Inu burn rate surged 208%, removing 7.94 million SHIB tokens in 24 hours according to Shibburn data. This reduced total supply from 1 quadrillion to about 585.2 trillion SHIB. The spike coincided with a major US asset manager with $1.7 trillion AUM filing the first US spot Shiba Inu ETF. Renewed on-chain activity and investor optimism lifted SHIB price 2.49% to $0.00001014. Weekly burn metrics also climbed, reinforcing a sustained deflationary trend. The ETF proposal places SHIB alongside Bitcoin, Ethereum, XRP and Solana in regulated investment products, potentially boosting liquidity and institutional exposure without direct token ownership. This confluence of token burn and institutional interest may fuel a bullish outlook for Shiba Inu in both the short and long term.

Canada’s Department of Finance, in its 2025 federal budget, has proposed the country’s first national regulation framework for fiat-backed stablecoins. The plan mandates issuers to hold full asset reserves, establish clear redemption policies, and adopt robust risk management, data protection and privacy safeguards. To oversee implementation, the Bank of Canada will allocate CAD 10 million from 2026–27, plus recoup CAD 5 million annually via Retail Payment Activities Act license fees. Stablecoins now account for nearly 30% of global crypto transactions, with on-chain volumes exceeding USD 4 trillion—led by USDT and USDC. Canada’s framework mirrors the US GENIUS Act and EU MiCA, aligning with global digital asset policy. Industry leaders expect this stablecoin regulation to enhance financial stability, safeguard consumer funds and support private-sector innovation from projects like Shopify-backed Tetra Digital and Western Union’s Solana-based tokens. Experts warn that past events—such as the TerraUSD collapse, major DeFi exploits and USDe depegging—underscore collateralization and systemic risks. The stablecoin regulation is viewed as bullish for market confidence and broader adoption.

The Balancer hack on November 3 saw an attacker exploit a precision loss flaw in Balancer v2 Composable Stable Pools. Using flash loans and batch swaps, the attacker manipulated rounding logic under low liquidity to drain around $120 million across multiple chains. The exploit stemmed from integer fixed-point truncation during batch swaps. The attacker swapped Balancer Pool Tokens (BPT) for liquidity tokens, then performed small osETH↔WETH trades to amplify rounding errors. Repeating this cycle allowed inflated internal balances and large withdrawals from the Vault. SlowMist traced the stolen funds through Tornado Cash to multiple on-chain addresses. In response to the Balancer hack, the team paused vulnerable pools, blocked new pool creation, and enacted emergency controls. Whitehat interventions and partnerships with Monerium, Sonic Labs and Hypernative recovered about 73.5% of stolen osETH. The incident highlights critical DeFi security risks in stable pool precision handling. Balancer has launched ongoing audits and logic improvements to safeguard future liquidity pools. Crypto traders should monitor upcoming security updates and pool parameters affecting stable pools.

Rising US government deficits and the Federal Reserve’s stealth quantitative easing via its Standing Repo Facility are poised to spark the next crypto bull market. As annual Treasury issuance approaches $2 trillion, relative value hedge funds fund purchases through repos. When repo liquidity tightens, the Fed’s SRF creates off-balance-sheet USD liquidity, widening dollar supply. This stealth QE supports future crypto gains. Recent market weakness reflects a drain on the Treasury General Account during the US government shutdown. Once the shutdown ends and SRF lending expands, excess USD liquidity will re-enter markets, underpinning Bitcoin and broader crypto rally. Traders should watch SRF balances, repo rates (SOFR spreads), Treasury auctions, and TGA flows as leading indicators of the next crypto bull market.

Robinhood’s Q3 crypto trading volumes jumped over 300% year-over-year. This surge propelled Robinhood crypto trading revenue to $268 million (up 339%) and drove a 129% increase in overall transaction revenue. The platform expanded its digital asset lineup beyond Bitcoin and Ethereum, added trading features and attracted a wave of retail investors amid a broader market recovery. Despite beating revenue forecasts, Robinhood raised its full-year expense outlook to fund technology upgrades, marketing and compliance. Crypto traders should view the volume spike as a sign of improved liquidity and market depth, while watching for margin pressure from higher costs. Sustained growth hinges on market volatility, regulatory clarity and ongoing platform innovation.

Dogecoin fell 5% to $0.16 on November 6 after failing to hold $0.18 support, driven by large whale distribution of over 1 billion DOGE (~$440 million) and institutional selling. Trading volume surged 94% above average, pushing prices to a session low of $0.1528 before a brief rebound capped at $0.17. On-chain data confirmed substantial outflows from large-holder wallets. Technical indicators remain bearish: Dogecoin has formed lower highs and lower lows, hourly momentum oscillators are negative, and the daily RSI sits below 40. Traders eye immediate support at $0.1550–$0.1555, with a break potentially targeting $0.1520–$0.1500. A sustained move above $0.1630–$0.1650 is needed to challenge the descending trend. The sharpest decline since 2020 reflects a shift in institutional focus towards Bitcoin and Ethereum, undermining confidence among top holders.

In September 2022, the DWF Labs hack saw DPRK-linked AppleJeus exploit compromised wallet and exchange credentials to drain $44 million in USDC and USDT from the market maker’s address. On-chain analysis by tanuki42 traced the stolen funds through the Ren bridge into BTC before mixing them via Mixero; about $30 million in Bitcoin remains on-chain. The DWF Labs hack highlights persistent risks to private keys and centralized exchange security. DWF Labs’ silence on the breach drew criticism from crypto investigator ZachXBT for transparency failures. For traders, the DWF Labs hack underscores potential liquidity impacts and market confidence risks; monitoring chain data, forensic updates, and any DWF Labs disclosures can help manage exposure.

The US government shutdown has entered its 36th day, marking the longest closure in history and stalling progress on crypto market structure legislation. Key federal departments and staff responsible for drafting the bill are furloughed, delaying a markup once targeted for Thanksgiving. White House digital assets advisor Patrick Witt warns that President Trump’s goal for a 2025 final vote is now in jeopardy. Blockchain Association CEO Summer Mersinger adds that ongoing deadlock and a stronger Democratic showing in recent elections further reduce the odds of passing the crypto market structure legislation before 2026. While deeper engagement with congressional offices continues, experts foresee only modest movement by year-end. Traders face prolonged regulatory uncertainty as the bill’s timeline shifts toward 2026.

Data from Binance, Gate.io and Bybit reveal that Bitcoin perpetual futures maintain a modest short bias, with the aggregate long/short ratio lingering around 48% longs versus 52% shorts over the past 24 hours. While exact ratios shifted slightly—Binance at 48.7% long, Gate.io at 47.7% long and Bybit at 48.0% long—the pattern underscores prevailing bearish market sentiment. Factors driving the short bias include broader economic uncertainty, regulatory outlook, technical resistance levels and profit-taking after recent rallies. As a key sentiment indicator, the Bitcoin perpetual futures long/short ratio can help crypto traders gauge positioning risk. When shorts outnumber longs, consider tightening stop-loss orders, reducing leverage and monitoring volume trends for a potential short squeeze. Combine perpetual futures data with on-chain metrics, technical analysis and fundamental news to refine entry and exit strategies and manage risk effectively.

Toncoin price, which had been range-bound between $2.00 support and $2.40 resistance since mid-October, has turned bearish after breaching the $2.00 support. The altcoin fell to $1.93 as 21-day and 50-day simple moving averages (SMAs) slope downward and Doji candlesticks signal market indecision. On the four-hour chart, horizontal SMAs reflect a sideways trend. If Toncoin remains below the key support-turned-resistance level of $2.00, selling pressure may intensify and push the price toward the previous low near $0.70. Conversely, a recovery above $2.00 and a break above the $2.40 resistance could reignite bullish momentum, targeting the 21-day SMA near $2.36 and the next resistance at $2.80. Traders should monitor Toncoin’s support levels at $1.90 and $2.00 and resistance at $2.40 to gauge market direction.

Gemini Space Station Inc. has filed an application with the US Commodity Futures Trading Commission (CFTC) to launch a regulated prediction market platform under the new entity Gemini Titan. The application seeks designation as a contract market for event-driven derivative products managed directly by Gemini Titan, bypassing third-party partners. In its filing, Gemini also opposed the CFTC’s proposed ban on event contracts, warning that blanket restrictions would stifle legitimate growth in prediction markets. To secure approval, Gemini Titan must comply with 23 regulatory standards including trading surveillance, financial safeguards and system integrity. The move positions Gemini Titan against existing rivals such as Kalshi and Polymarket, which saw weekly volumes of $2 billion. The push into regulated prediction markets comes amid financial headwinds: since its September IPO, Gemini’s shares have fallen 49%, revenue fell to $68.6 million year‐on‐year and the company posted a $282 million loss in H1 2025. With over 80% of trading volume driven by institutional clients, the shift highlights a strategic pivot toward compliant, institution-focused trading.

MicroStrategy’s Bitcoin Treasury of 641,205 BTC (about $64 billion) is largely insulated from forced sales by its convertible debt structure. The company’s $1.01 billion senior notes due September 15, 2027, include a holder put right and can be settled in cash, stock, or both. Analyst Willy Woo estimates MicroStrategy’s stock must stay above $183 (implying Bitcoin near $91,500) to avoid any BTC liquidation at maturity. Most analysts agree that only a dramatic, sustained price collapse would trigger a sale. Even if recovery slows into 2028, any BTC sale would be limited. This convertible debt arrangement shields the Bitcoin Treasury from margin calls and reduces potential supply pressure, supporting market stability. Traders can factor this resilience into risk assessments as Bitcoin navigates the next bear cycle.

France’s lower house has approved a landmark France crypto tax amendment that introduces a tiered levy on crypto holdings. Under the France crypto tax, portfolios exceeding €2 million will face a 1% annual levy, rising to 1.5% for holdings over €10 million. Digital assets are now classed as unproductive wealth, similar to gold and luxury goods. The tax targets unsold crypto, aiming to nudge investors toward productive investments like rental properties, which remain exempt. Proposed by MP Jean-Paul Mattei and passed 163–150, the measure includes no carve-outs for founders or tokens from business incentives. Critics warn of capital flight and penalising ecosystem builders. Traders should prepare for new compliance requirements, keeping detailed records of acquisition costs and valuations. The bill now moves to the Senate, with final adoption expected by December 31, 2025. Market participants must monitor implementing decrees to understand future reporting rules and liquidity impacts.

Bitcoin Fear & Greed Index has plunged into the extreme fear zone, dropping from a neutral 42 to 21 in a single day—the lowest reading since April. The Bitcoin Fear & Greed Index measures trader sentiment by tracking volatility, trading volume, market dominance, social media chatter and Google searches. Bitcoin’s price slid more than 11% last week, falling from around $105,600 to near $100,400. Historically, readings below 25 have signaled market bottoms and buying opportunities. Contrarian traders may see the current extreme fear reading as a signal to accumulate. However, it remains unclear whether Bitcoin will stabilize or continue its downturn.

Senator Cynthia Lummis has renewed calls for a Strategic Bitcoin Reserve to tackle the $37 trillion US national debt, praising President Trump’s executive order framework and urging rapid, budget-neutral implementation. The administration is weighing structures beyond gold certificate conversion, with initial funding likely drawn from over 130,000 seized BTC and possibly $14 billion in recovered cryptocurrency. Lummis and Representative Nick Begich have introduced the BITCOIN Act of 2025, proposing annual purchases of 200,000 BTC for five years—targeting 1 million BTC to halve the debt over 20 years. Meanwhile, Bitcoin’s price has fallen near $101,500, down almost 10% this week, briefly dipping below $100,000, with resistance at $102,000. Traders should monitor regulatory progress on the Strategic Bitcoin Reserve and key support around $100,000, as growing bipartisan support highlights Bitcoin’s role as an inflation hedge and strategic fiscal asset.

On November 3, a callback flaw in Balancer V2’s Composable Stable Pools manageUserBalance function was exploited, draining about 6,851 osETH (over $25 million) and 13,495 osGNO. The attacker converted more than half the stolen assets into ETH. Following the Balancer hack, StakeWise’s DAO emergency multisig recovered 5,041 osETH (~$19.3 million), reducing net losses from $117 million to $98 million and reclaiming 73.5% of the stolen osETH; the remaining 26.5% (approx $7 million) remains unrecovered. Balancer paused vulnerable pools, issued a 20% white-hat bounty (~$25.6 million) for full fund return, and warned users of potential scams. In the 24 hours after the Balancer hack, TVL fell from $442 million to $214.5 million and the BAL token dropped 8%. Broader market weakness saw BTC and ETH decline 18% and 27% over the past month. Security firms Nansen and PeckShield confirmed the breach was a technical exploit, not a key theft. Recoveries will be redistributed pro-rata to affected users once a full post-mortem is published. Experts warn that similar smart contract flaws could threaten other DeFi platforms.

Bitcoin price has weakened to a four-month low of $100,800, slipping 10% over the past week as long-term holders intensify sell-offs. Analysts have revised the Bitcoin price forecast for 2025 down to a $125,000 ceiling, trimming earlier year-end targets of $200,000–$250,000. This price forecast reflects intensifying market fear and structural pressure. The Crypto Fear & Greed Index stands at 21, indicating extreme fear. ShapeShift’s Houston Morgan cites U.S. political news correlations and failure to build on October highs as key headwinds. Bitfinex warns that failure to regain $116,000 could prompt further declines by year-end. Looking to 2026, views diverge. Bitwise’s Matt Hougan is bullish on a cyclical upswing, while others warn of a midterm election slump. Analyst Peter Brandt even predicts a drop to $60,000 in a bear-market scenario. Traders should watch evolving Bitcoin price forecasts, investor sentiment, and political catalysts to navigate short-term volatility and long-term recovery potential.

Strategy Inc has launched a €350 million European IPO to issue 3.5 million shares of its 10% Series A Perpetual Stream Preferred Stock at €100 par each. Dividends accrue at a 10% annual rate, paid quarterly in cash, with deferred payments starting at 11% and rising 1% per quarter up to 18%. Shares are redeemable upon certain tax events or if fewer than 25% remain in issue. The offering targets qualified institutional investors in the EU and UK, excluding retail investors under local regulations. The European IPO will directly fund further Bitcoin acquisitions and accelerate Strategy’s Bitcoin acquisitions roadmap. Strategy holds over 641,000 BTC (~$67.7 billion) and reported US$2.8 billion in net income. Led by Michael Saylor, the firm uses equity issuances to expand its crypto treasury and drive institutional demand amid Bitcoin volatility.

An anonymous crypto whale has netted nearly $100 million by shorting ASTER, ETH, XRP, DOGE and PEPE following Binance CEO Changpeng Zhao’s $2.5 million ASTER purchase announcement. The whale’s 58.27 million ASTER shorts on Hyperliquid—worth $51.14 million with a $2.091 liquidation price—have generated about $21 million in unrealized gains as ASTER’s price fell over 20% to $0.88. Combined with profitable shorts on ETH, XRP, DOGE and PEPE, the trader’s total profit reaches almost $100 million. This contrarian strategy capitalized on hype-driven ASTER rallies and broader market corrections after events like the $120 million Balancer exploit. Meanwhile, major crypto indexes slid 3.75%, fear levels rose to 27 and over $1.3 billion in long positions were liquidated. Zhao clarified he is a long-term investor, not a trader, igniting initial buying momentum. The divergence between CZ’s buy-and-hold ASTER strategy and the giant whale’s aggressive shorting underscores ongoing volatility and opportunism in the crypto market.

Coinbase has applied to the Office of the Comptroller of the Currency (OCC) for a federal trust charter via its Coinbase National Trust Company, seeking unified oversight for digital asset custody, staking, trading, lending and fiat services. Submitted in October 2025, the OCC trust charter aims to reduce state-by-state licensing, lower compliance costs, and attract institutional investors. A coalition led by the Independent Community Bankers of America (ICBA) has formally opposed the bid. Banks argue that Coinbase’s risk controls, governance and stress tests for crypto assets are insufficient, creating liquidation and reputational risks and exposing the OCC to untested clearing liabilities. Coinbase counters that banks oppose the trust charter to limit competition rather than address genuine safety concerns. Approval could set a precedent for firms like Ripple and Circle, accelerate institutional adoption of crypto, and bring up to $500 billion in assets under federal oversight by 2030. Rejection or delay would reinforce banks’ regulatory advantages and push crypto companies toward state or overseas charters. The OCC’s decision will test regulators’ balance between innovation and financial stability.

Balancer hack in early November saw a sophisticated attacker steal $116 million in digital assets. On-chain data show months of preparation: the hacker deposited 0.1 ETH at a time through Tornado Cash and pre-funded the exploit account with 100 ETH to evade detection. Exploiting a governance flaw in Balancer’s smart contracts, the attacker manipulated asset balances to bypass protocol safeguards. Chainalysis and Coinbase analysis found no operational security leaks and compared the tactics to North Korea’s Lazarus Group, noting a drop in related activity after July. Balancer has offered a 20% white-hat bounty for full fund recovery by the deadline. Cyvers CEO Deddy Lavid called it one of the year’s most complex attacks. He warned that static audits are insufficient and urged real-time monitoring and stronger governance in DeFi. The Balancer hack underscores evolving DeFi security risks and the need for proactive defenses.

President Donald Trump has officially renominated Jared Isaacman as NASA Administrator after a brief withdrawal in May. Jared Isaacman, founder and former CEO of Shift4 Payments and veteran private astronaut, outlined a “mission-first” strategy during his Senate confirmation hearing. He advocates rigorous cost reviews for Artemis II and III, stronger public-private partnerships, and extending the International Space Station through 2030. Isaacman opposes deep cuts to NASA’s science budget and calls for data-driven assessments of the Space Launch System and Orion programs. A close friend of Elon Musk, he aims to drive cost-efficient lunar and Mars exploration pending Senate approval. Crypto traders should note the Musk connection could influence market sentiment, though the direct impact on digital assets is limited.

OFAC has sanctioned a North Korea crypto laundering network that processed illicit cryptocurrency transactions. The action targets Korea Mangyongdae Computer Technology Corporation, Cheil Credit Bank and 54 linked crypto addresses. Based on Chainalysis findings, the network laundered hack proceeds and IT outsourcing payments to fund DPRK operations. OFAC sanctions freeze U.S. jurisdiction assets and ban dealings by U.S. persons. This crypto laundering crackdown follows last month’s US MSMT North Korea cybersecurity report and highlights enforcement trends in virtual asset risk management. Exchanges and compliance teams must update due diligence protocols, monitor flagged addresses and prevent DPRK finance schemes. Traders should brace for stricter crypto compliance and potential address freezes.

Global liquidity cycle appears to have peaked as post-pandemic fiscal stimulus gives way to a private-sector-led phase. Tariff hikes and cuts under the ’Big Beautiful Bill’ are draining liquidity, while Treasury QE via short-term bills fades. The Global Liquidity Index has reached historical highs, and rising debt-to-liquidity ratios threaten trillions in maturing debt. Commodities such as gold, silver and copper have been the last to rollover. As the global liquidity cycle contracts, traders should prepare for rotation from risk assets into cash and bonds and monitor liquidity indicators to manage risk. Bitcoin’s bull run often ends months before a liquidity downturn, making its recent peak a key signal.

FTX withdraws motion to delay payouts for users in 49 jurisdictions, including China, Russia, Saudi Arabia and Ukraine. Creditors holding about $380 million in bankruptcy claims objected, prompting the trust to withdraw the request. FTX withdraws motion clears the way for global payouts and removes a legal obstacle in the FTX bankruptcy process. The FTX Recovery Trust reserves the right to refile the motion following court procedures. Creditors hail the move as a victory and urge vigilance until full repayments. This development boosts creditor confidence and may improve market stability.

HyperUnit, a crypto whale, has opened $55 million in long positions on Bitcoin and Ethereum via the Hyperliquid exchange. The crypto whale allocated $37 million to BTC longs and $18 million to ETH longs amid a market correction and low Fear & Greed Index reading of 21. Known for netting $200 million from predicting October’s US-China tariff crash, HyperUnit also bought $850 million of Bitcoin during the 2018 bear market and held through cycles to peaks above $10 billion. On-chain data from CryptoQuant and Santiment show reduced exchange balances, suggesting eased selling pressure and a potential price rebound. Bitcoin trades near $100,600, while Ethereum is around $3,600.

Pepe Coin has plunged 76% since its November high, trading near $0.0000067 after breaching critical support at $0.0000091. Multiple bearish technical patterns—head-and-shoulders, descending triangle and a death cross—have formed alongside the price falling below both 50-day and 200-day levels and the Ichimoku cloud. Futures open interest has collapsed from over $1.02 billion in July to roughly $250 million, while daily volume slid from $5 billion to under $600 million. On-chain metrics reveal whales cut PEPE holdings by 20% in 30 days (and 28% over 90 days), and public investors slashed positions by up to 72%. Negative funding rates further underscore waning demand. Initial downside targets lie at $0.00000575, with a deeper drop toward $0.00000279 or even $0.00000154 possible if support fails. Traders should watch the $0.00000911 level for any bounce. Overall, broad selling pressure and weakening fundamentals point to a sustained bearish trend for Pepe Coin.

UBS has launched the first live tokenized fund on Ethereum, processing real-time subscription and redemption orders for its uMINT money market fund using Chainlink’s DTA standard and DigiFT. Built without altering legacy systems, the blockchain fund management workflow integrates the Chainlink Runtime Environment for SWIFT ISO 20022 conversion, the Cross-Chain Interoperability Protocol, an Automated Compliance Engine for KYC/AML, and NAVLink for live NAV feeds. This fully on-chain process handles order taking, execution, settlement, and data synchronization between on-chain and off-chain systems without manual intervention. Following pilots in Singapore’s Project Guardian and zkSync-based services, this milestone under UBS’s Tokenize initiative marks growing institutional adoption of tokenized assets. Traders should note the potential for higher Ethereum network usage and increased Chainlink oracle fees as demand for tokenized fund products rises.