Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Michael Prime sued the FBI in 2022 after agents erased his hard drive holding 3,400 BTC private keys during routine evidence handling. He had initially reported owning only $200–$1,500 in Bitcoin, even though BTC traded above $10,000 in 2020. An Eleventh Circuit panel ruled the FBI Bitcoin wipe was a standard procedure and found the agency not liable. The court noted Prime’s delayed claim and inconsistent disclosures and dismissed his suit as inequitable. The case shows how an FBI Bitcoin wipe can render crypto assets irrecoverable and stresses the risks of lost Bitcoin. Glassnode data estimates up to 1.46 million BTC are permanently inaccessible. Traders should strengthen custody practices and backup private keys to prevent similar legal or forensic losses.

On November 10, the Bank of England launched a consultation on its stablecoin regulation. It proposes temporary holding limits for pound stablecoins: £20,000 per individual and £10 million per business, with exemptions for crypto trading platforms and large merchants. The draft rules require issuers to back 60% of assets with short-term UK government bonds and hold 40% as unremunerated BoE reserves. Non-systemic stablecoins used in crypto trading will fall under FCA supervision. The consultation runs until February 10, 2026, with final regulations expected by late 2026. Governor Andrew Bailey and Deputy Governor Sarah Breeden signalled a shift towards recognising stablecoins as legitimate payment tools. This stablecoin regulation aims to safeguard financial stability during the digital transition. Traders should note how limits on pound stablecoins could impact liquidity and market stability.

IPO Genie presale launched in early 2025, raising $2.5 million within 24 hours as retail investors gain entry to institutional private market deals once limited to institutions. Built on blockchain with on-chain recording and audited smart contracts—backed by Chainlink oracles, CertiK audits and Fireblocks custody—the platform integrates KYC/AML compliance and regulated asset structures to ensure transparency and security. The $IPO token unlocks tiered staking rewards, priority access to AI, DeFi and fintech startup rounds, revenue sharing and governance voting. Bypassing traditional gatekeepers and paperwork, IPO Genie offers traders enhanced liquidity, compliance and potential high returns via a multi-stream revenue model that includes deal fees, fund management, subscriptions and insurance partnerships. Following initial success, IPO Genie plans to launch Fund-as-a-Service products and tokenized IPO index funds. Its AI-powered deal discovery engine and DAO governance aim to provide data-driven insights and community voting. Expansion onto Solana, Base and Ethereum Layer 2 networks will lower fees and boost liquidity. For crypto traders, the IPO Genie presale marks a new era of compliant, tokenized venture capital investing, though risks remain and thorough due diligence is advised.

Zcash (ZEC) has surged more than 700% year-to-date, leading an 80% rally across privacy coins as regulatory tightening in the EU and US fuels safe-haven demand. The network’s shielded pool jumped 25%, with private transactions now accounting for around 30% of daily volume. Institutional interest has grown sharply after Grayscale reopened its ZEC Trust with lower fees and 4–5% staking yields, driving assets under management up 228% and locking roughly 2% of circulating ZEC. Technological upgrades have also boosted sentiment: ZKsync’s Atlas upgrade ramped throughput to 30,000 TPS while Secret (SCRT), Dash (DASH) and Horizen (ZEN) rolled out cross-chain anonymity enhancements. Other privacy tokens, including ZK (ZKsync), rallied—ZK jumped 130% post-upgrade. Traders now debate whether ZEC’s fixed supply, PoW security and privacy features merit a “Bitcoin silver” status. Sustainability will hinge on continued shield-pool growth, stable compliance channels for institutions and expanding real-world use cases.

Binance CEO Changpeng Zhao said he was taken aback by the Trump pardon, denying any commercial ties to Donald Trump or World Liberty Finance. He reiterated that he never met or spoke directly to Trump, apart from a brief meeting with Eric Trump at a Bitcoin event in Abu Dhabi. Zhao’s legal team submitted the Trump pardon request in April but received no updates until it was granted in October. President Trump later stated he did not know Zhao personally and was advised the case was politically driven rather than criminal. The Trump pardon removes a major legal overhang for Zhao and Binance, but it does not signal immediate changes to crypto regulation.

The Hong Kong Monetary Authority (HKMA) has launched its Fintech 2030 strategy, unveiling over 40 measures aimed at driving tokenisation, AI adoption and payments infrastructure upgrades. Key initiatives include regularising tokenised government bond issuances, exploring FX Fund note tokenisation and launching the Ensemble pilot with industry players and central banks. Traders should watch for new tokenisation pilots and enhanced real-time payment rails, which could accelerate demand for tokenised assets and stablecoins. Announced during a record-breaking Fintech Week and StartmeupHK festival, the plan underlines Hong Kong’s goal to cement its international fintech hub status by 2030. The city’s startup ecosystem has grown by 40% over five years, raising HK$6 billion in private funding and HK$5.2 billion via IPOs last year. The EPIC 2025 competition drew over 1,200 applications from 70+ economies. Positioned as a Greater Bay Area ‘super-connector’ under the ‘one country, two systems’ framework, the strategy enhances innovation collaboration and market integration. Traders can expect tokenisation projects and payment upgrades to shape digital asset flows and institutional engagement in Hong Kong.

An 80-page SSRN paper by Columbia University researchers finds that wash trading may account for up to 60% of Polymarket’s trading volume between July 2024 and April 2025. The study estimates wash trades represent 25% of the platform’s total three-year volume and notes a rebound to around 20% by October 2025. Researchers blame Polymarket’s operational structure for enabling manipulative self-trades and collusion without net position changes. As a leading decentralized prediction market preparing a US relaunch after a no-action letter from the CFTC, Polymarket faces possible regulatory scrutiny, damaged market integrity, and eroded trader confidence. Traders should monitor wash trading risks, liquidity shifts, and platform trust amid transparency concerns in blockchain-based prediction markets.

Bitcoin price climbed past $105,000 on OKX on November 10, extending a 1.22% gain, then surged to $106,015.70 for a 2.18% daily rise. This rally reflects growing bullish momentum, driven by increased buying interest following consolidation near key support levels. Trading volume spiked as market optimism strengthened, positioning $105,000 as new support and $107,000 as the next resistance zone. The sustained Bitcoin price breakout may signal further upside potential, attracting momentum traders and reinforcing positive sentiment amid broader digital asset inflows. Traders should monitor volume trends and resistance levels for entry and exit points.

Coinbase has added Aster Token to its listing roadmap, kicking off technical and compliance reviews. Aster Token (ASTER) is a BNB Chain–based decentralized derivatives token offering up to 100× leverage on perpetual futures, staking rewards and governance. The announcement drove a 3.5% price jump amid whale accumulation and rising transaction volumes on-chain. Historically, assets listed on major exchanges see 20–50% gains post-listing. The process may take weeks to months while Coinbase Markets finalizes liquidity, security audits and integration. Traders should watch for the official trading date and adjust positions, as a successful listing could boost liquidity, expand trading pairs and attract institutional interest.

American Bitcoin, a Miami-based Bitcoin mining and treasury firm backed by Eric Trump and Donald Trump Jr., initially acquired 1,414 BTC for $163 million and subsequently purchased 139 BTC worth $14 million between October 24 and November 5. Its treasury now totals 4,004 BTC, valued at about $415 million and ranking 25th largest worldwide. Formed through a merger with Hut 8, the company has boosted its Bitcoin-per-share ratio by 3.4% to 432 via scaled mining operations and disciplined at-market buys, including BTC pledged under a Bitmain miner agreement. Since debuting on Nasdaq in September, shares jumped over 16% on day one, reflecting robust investor demand for its Bitcoin strategy. The Trump family’s increased crypto involvement, highlighted by President Trump’s pardon of Binance CEO Changpeng Zhao, has prompted political scrutiny over potential conflicts of interest.

Robinhood is weighing the addition of Bitcoin to its corporate treasury after reporting a 339% year-on-year surge in Q3 digital assets revenue, which reached $268 million and accounted for 20% of its $1.27 billion total revenue. Transaction-based crypto revenue rose 129% to $730 million, driven by higher trading volumes on its platform. Treasurer Shiv Verma and CEO Vladimir Tenev continue discussions on timing and capital allocation, noting retail investors can already buy BTC directly. Robinhood’s consideration of a Bitcoin treasury position comes amid early rollout of its three-phase tokenized stocks plan, with upcoming stages targeting secondary trading on Bitstamp and eventual DeFi integration. Despite a broader crypto market downturn—spurred by US economic data, trade tensions, and a prolonged government shutdown—Robinhood shares dropped over 10%. As other companies like MicroStrategy and Metaplanet hold significant bitcoin reserves, this debate reflects a larger trend of corporate bitcoin treasury adoption as an inflation hedge and currency risk safeguard.

Ethereum price briefly slipped below the $3,400 support on OKX, trading at $3,399.17 on November 6. The pullback occurred amid a negligible 0.03% gain that day, reflecting minor market fluctuations. On November 8, Ethereum dipped again to $3,397.73 despite a stronger 3.04% daily rise, underscoring short-term volatility around this key price floor. Traders should monitor whether Ethereum price can reclaim $3,400 in the coming sessions to confirm bullish momentum. Continued network upgrades and growing DeFi adoption support long-term growth prospects, while the current range-bound moves suggest a cautious but stable outlook for ETH trading.

Zcash (ZEC) has rallied over 700% since early October, briefly overtaking Hyperliquid to re-enter the top 20 by market cap with around $9.4 billion. The price surge—peaking near $680—comes amid wider market declines in Bitcoin and Ethereum. Investors cite growing demand for zk-SNARK privacy tech, expanding shielded pool use, the launch of the Zashi wallet and an upcoming halving as key drivers. Funding rates and trading volumes point to strong bullish momentum. Endorsement from Arthur Hayes, who now holds Zcash as the second-largest asset in his Maelstrom portfolio and has set a $1,000 price target, adds social proof. Traders should watch for heightened volatility and profit-taking risk as renewed institutional and retail interest in privacy coins intensifies.

Ripple has closed a $500 million strategic financing round at a $40 billion valuation. The round was led by Fortress Investment Group and Citadel Securities with participation from Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. Investors targeted Ripple’s 34.8 billion XRP treasury, securing tokens likely at a discount. This financing cements a benchmark XRP price and restricts open-market sales, boosting XRP liquidity. Founded in 2012, Ripple shifted focus to compliance and institutional finance after its SEC lawsuit. In 2024, the firm launched RLUSD, a US dollar–anchored stablecoin for cross-border payments. RLUSD now has a $1 billion market cap following integrations with Mastercard, WebBank and Gemini. Ripple Payments processed $95 billion in transactions. The company repurchased 25% of outstanding shares and holds 75 regulatory licenses. Ripple has also strengthened its infrastructure with six acquisitions over two years: Metaco for custody, Rail for stablecoin issuance and Hidden Road for settlement networks. Ripple Prime, the institutional arm, has tripled its activity. These moves underline Ripple’s evolution into an institutional-grade financial platform. They reinforce its Internet of Value vision.

Keonne Rodriguez, 37, co-founder of the Bitcoin mixing platform Samourai Wallet, was sentenced to five years in prison and fined $400,000 after pleading guilty to operating an unlicensed money-transmitting business. As part of the plea deal, authorities seized $237 million in illicit funds linked to dark-web markets, fraud and cyber intrusions between 2015 and 2024. Rodriguez and co-founder William Lonergan Hill also admitted failing to register with FinCEN and bypassing AML and KYC controls. The case underscores escalating regulatory scrutiny on crypto privacy services. Judges imposed the statutory maximum sentence amid concerns that Samourai’s tools obscured stolen funds and enabled money laundering. Hill faces sentencing on November 19 under the same conspiracy charges. This verdict has reignited the crypto privacy debate. Advocates argue for user confidentiality while regulators stress anti-money laundering compliance. The ruling signals potential US action against unlicensed privacy wallets and Bitcoin mixers, heightening legal risks for traders and service providers.

Bitnomial, a Chicago-based CFTC-regulated exchange, has become the first US-registered derivatives clearing organization to accept RLUSD stablecoin collateral for futures, perpetuals and options. Bitnomial’s support for RLUSD stablecoin collateral enables institutional traders to post RLUSD directly, cutting conversion fees and settlement delays. In addition, high-liquidity XRP is now accepted as margin collateral, offering fast on-chain settlement and low fees for rapid adjustments. Both assets enhance capital efficiency and broaden crypto asset utilization within a regulated framework. Retail traders will access these options via Bitnomial’s Botanical platform. Backed by rigorous audits and a $1 billion market cap, RLUSD’s dollar peg ensures price stability, while XRP’s liquidity boosts trading flexibility. This move underscores growing regulatory acceptance and may drive other CFTC-regulated platforms to enable stablecoin and crypto collateral.

ARK Invest CEO Cathie Wood has trimmed her 2030 Bitcoin forecast to $1.2 million, down $300,000 from her initial $1.5 million target and well below the $2.4 million projection she raised in April. The revised Bitcoin forecast highlights the rapid adoption of dollar-pegged stablecoins such as USDT and USDC in emerging markets as a key factor reshaping demand. A Standard Chartered report warns that stablecoins could siphon over $1 trillion from traditional banks in developing regions by 2028. In Venezuela, where annual inflation has hit 269%, USDT is widely used as a hedge. Combined USDT and USDC supply now totals nearly $260 billion. Despite the forecast adjustment, Wood remains bullish on Bitcoin as “digital gold” and notes institutional adoption is still in its early stages. Traders should monitor stablecoin liquidity and emerging-market flows to gauge potential impacts on Bitcoin demand and price dynamics.

Spot ETH ETFs recorded net inflows of $9.09 million on August 6, snapping a seven-day outflow streak, and surged further with $244 million on October 28. BlackRock’s ETHA and Fidelity’s FETH led both rallies—alongside Bitwise’s ETHW in August and Grayscale’s Mini ETH in October—while Grayscale’s higher-fee ETHE saw outflows. Improved regulatory clarity, active Ethereum network development and lower-cost ETF structures have boosted institutional demand for regulated, liquid and tax-efficient Ethereum exposure. Traders should monitor ETH ETF flows as a barometer of market sentiment and potential price support amid crypto volatility.

Google Finance has rolled out an AI update that integrates real-time prediction market data from Kalshi and Polymarket. The feature embeds crowd-sourced odds on macro events, interest rates, political outcomes and market volatility into search results. Initially available to Google Labs users, it will expand across 8.5 billion daily searches. Traders can view live market positions, historical trend charts and technical analysis tools alongside probability-based forecasts. Polymarket recorded 477,850 active users and a $9 billion valuation after ICE’s stake. Kalshi raised $300 million at a $5 billion valuation. By blending crowd forecasts with institutional analytics, Google Finance aims to boost transparency and user engagement. This AI-driven update offers crypto traders faster, data-driven insights for refined market strategies.

Coinbase has urged the U.S. Treasury to implement the GENIUS Act in line with congressional intent, focusing regulation solely on stablecoin issuers. The exchange warns broad application of the GENIUS Act to non-financial software, blockchain validators or open-source protocols could stifle digital finance innovation. Since the Act’s July 2025 enactment, all stablecoins must maintain full asset backing and undergo annual audits. Clear GENIUS Act guidance would also help traders and issuers assess compliance risks more accurately. Coinbase recommends excluding non-financial software developers, blockchain validators and open protocols from compliance, limiting the ban on interest payments to stablecoin issuers only, and treating payment stablecoins as cash equivalents for tax and accounting purposes. It cautions that an overly broad definition of “interest” risks distorting legislative intent and weakening U.S. competitiveness in the global stablecoin market.

Bitcoin Hyper has raised over $26 million in its ongoing presale, including $239 000 in the past 24 hours. This layer-2 solution combines Bitcoin’s security with the Solana Virtual Machine to enable sub-second, near-zero fee BTC transactions. By batching transactions with zero-knowledge proofs and anchoring them back to Bitcoin’s mainnet, Bitcoin Hyper boosts throughput from 7 TPS to Solana-level speeds. The native HYPER token powers staking, governance, and rewards of up to 45%. Priced at $0.013225 in the presale, the token targets a potential valuation of $1.50 by 2030, assuming continued adoption. The record-breaking presale reflects strong investor confidence and positions Bitcoin Hyper as a leading solution to Bitcoin’s scalability constraints, opening the door for DeFi, NFTs, and dApps on the world’s largest crypto network.

US spot crypto ETFs displayed divergent flows on November 5. Solana spot ETFs extended their inflow streak to seven days, attracting $9.7 million led by Bitwise’s BSOL and Grayscale’s GSOL. Hedera’s HBAR ETF also saw $1.92 million in net inflows, while Litecoin’s LITE remained flat. In contrast, Bitcoin (BTC) ETFs recorded a sixth consecutive day of outflows totalling $137 million, and Ethereum (ETH) ETFs withdrew $119 million, pushing total outflows close to $1 billion since late October. Despite redemptions, institutional investors bought dips, injecting an estimated 5,000 BTC during a recent $98K low. Analysts cite a risk-off environment driven by a stronger US dollar and tighter liquidity. The yield narrative and staking benefits of Solana ETFs continue to attract curious capital. Short-term pressure on BTC and ETH prices may persist, while modest SOL and HBAR inflows offer niche opportunities. Market recovery depends on stabilised macro liquidity and renewed institutional appetite.

On November 6, 2025, the White House confirmed its controversial Zhao pardon, granting full clemency to Changpeng Zhao, founder and former CEO of Binance, after a comprehensive DOJ review and counsel evaluation. Press Secretary Karoline Leavitt said the decision aimed to correct what the administration described as overly aggressive crypto regulation under the previous government. Critics allege political favoritism, while supporters see the executive clemency as a reset for cryptocurrency market rules. Zhao had pleaded guilty in 2023 to anti-money laundering failures and served part of a four-month sentence, which the pardon commuted. For traders, the Zhao pardon signals reduced legal uncertainty for major crypto firms, potentially stabilizing market sentiment. Long-term, this shift could influence future enforcement strategies and compliance policies in the cryptocurrency sector.

Galaxy Digital’s research team, led by Alex Thorn, has cut its 2025 Bitcoin price forecast from $185,000 to $120,000. The revised Bitcoin price forecast follows a sharp correction below $100,000 driven by ETF outflows, heavy whale selling, more than $1.3 billion in leveraged liquidations, and a major October 10 leverage unwind that drained market liquidity. Roughly 470,000 BTC shifted from long-term wallets to institutions, tightening supply and creating resistance at key levels. Additional headwinds include capital rotation into AI stocks and gold—both outperforming Bitcoin year-to-date—stablecoin growth, underperformance of Bitcoin treasury firms, and waning retail interest. Traders are advised to watch for liquidity events, policy updates, and institutional flows. While analysts caution that holding the $100,000 support level is vital to maintaining the multi-year bull run, they note that Bitcoin’s maturation, network security, and rising institutional adoption support a long-term bullish outlook despite a slower rally pace.

The UK Financial Conduct Authority (FCA) has launched a consultation on fund tokenisation to foster a digital-first asset management system. The proposals include guidance for operating tokenised fund registers and an alternative on-chain dealing model for issuing and redeeming fund units entirely on public blockchains. By leveraging public-chain deployment, programmable compliance and whitelisted wallets, asset managers could achieve real-time settlement, enhanced transparency, automated on-chain compliance and lower reconciliation costs. The FCA estimates that fund tokenisation could broaden access to private markets and retail investors, drive innovation and reduce counterparty risk across the £14 trillion UK fund sector. Feedback is open until November 21 for accelerating tokenisation and December 12 for future models, with a policy statement and final rules expected in H1 2026.

Hong Kong authorities have charged 16 individuals in the JPEX crypto fraud that siphoned HK$1.616 billion (US$205.8 million) from over 2,600 investors. The suspects, including former barrister Joseph Lam Chok and seven promoters, face charges of money laundering, fraud and operating an unlicensed money service. Since the scheme was exposed in September 2023, 80 arrests have been made, HK$228 million in assets—including HK$14.5 million in cryptocurrency—have been frozen, and Interpol red notices have been issued for three key suspects at large. The SFC asserts promoters falsely claimed licensing approval and has since published guidance on authorized platforms while boosting investor education. Eleven platforms now hold retail licences; Bybit and Crypto.com remain pending. Traders should monitor this JPEX crypto fraud case as regulatory scrutiny intensifies, potentially affecting market confidence and compliance demands.

Bitcoin Hyper has raised $25.7M in a transparent presale to launch a Solana Virtual Machine–powered Layer-2 solution on Bitcoin, ranking among 2025’s top crypto funding rounds. This Bitcoin Hyper Layer-2 protocol uses a canonical bridge to lock BTC on Layer 1 and mint wrapped BTC on Layer-2, anchoring security to Bitcoin’s base layer while consolidating liquidity. Developers can deploy Rust smart contracts to support Bitcoin-native DeFi, NFTs, gaming, micropayments, and real-world asset tokenisation with near-instant finality and minimal fees. The $HYPER token, priced at $0.01322 in presale, offers around 45% dynamic staking APY; tokenomics allocate 30% to development, 20% to marketing, and developer grants. Significant whale participation highlights strong market interest in the presale. Traders view this bullish development as likely to boost on-chain Bitcoin activity and revitalize Bitcoin-native DeFi ahead of the token’s exchange listing.

Ethereum ETF outflows continued for a fifth straight day as investors withdrew a total of $219.37 million, underscoring weak market sentiment. BlackRock’s ETHA led redemptions with $111.08 million, followed by Grayscale’s ETH at $68.64 million, Fidelity’s FETH at $19.86 million, and Grayscale’s ETHE at $19.78 million. Spot Bitcoin ETFs also saw net outflows for the fifth consecutive day, totaling $577.74 million. The sell-off coincided with Ethereum trading near $3,300 after dipping to a multi-week low of $3,160. Trading volume surged 33.75% to $74 billion. Technical indicators show bearish momentum: RSI at 30.03 near oversold and ADX at 24.36 indicating a downward trend. Key support lies at $3,200–$3,250, with resistance at $3,400 and $3,520. Ethereum ETF flows reflect ongoing investor caution amid market volatility.

Ether.fi’s DAO community has unanimously approved a governance proposal to launch a $50 million ETHFI buyback and burn program if the token price falls below $3. Funded by protocol earnings, the ETHFI buyback will execute on the open market and aim to reduce circulating supply, establish a soft price floor, and support token stability. The proposal won 99.32% approval in a Snapshot vote and commits to full on-chain transparency, with all buyback transactions published via Dune Analytics. Implementation is set to begin after the vote closes on November 4. Traders can view this ETHFI buyback as a bullish signal: it demonstrates strong DeFi governance, reinforces tokenomics, and provides clear price support levels. Market participants will monitor buyback execution and its impact on liquidity and price action.