Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

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.

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.

Coinglass data shows crypto liquidations in futures markets hit $330 million in the past 24 hours, wiping out $140 million of Bitcoin long positions, $130 million of Ethereum shorts and $60.6 million in ZEC shorts. In the most recent hour, crypto liquidations topped $32 million, with longs accounting for $30.7 million. These liquidation events highlight extreme market volatility and the dangers of high leverage trading. Sudden margin calls can spark rapid price swings and amplify bearish momentum. Traders should track funding rates and open interest, employ tighter stop-loss orders and limit leverage to mitigate liquidation risks and prepare for potential reversals.

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.

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.

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.

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.

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.

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.

Coinbase has introduced its first fiat savings product for UK customers, the Coinbase UK Savings Account, offering a competitive 3.75% AER on GBP deposits up to £85,000 with FSCS protection through ClearBank’s FCA-regulated accounts. Interest compounds daily and is credited weekly, with no minimum balance or lock-in period. This launch follows similar stablecoin yield offerings and positions Coinbase ahead of UK banks offering lower rates. By merging bank-grade insurance with crypto-platform yields, Coinbase aims to attract cautious retail investors, enhance its fiat on-ramp, and pressure mid-tier banks to improve savings rates.

BNY Mellon projects the stablecoin and tokenized cash market will reach $3.6 trillion by 2030, driven by institutional stablecoin investment, blockchain payment rails and clearer regulations like the EU’s MiCA. Tokenized deposits and digital money market funds enable faster settlement, reduced counterparty risk and improved liquidity. A tokenized money market fund launched with Goldman Sachs enhances institutional access to digital cash. Blockchain will complement, not replace, traditional finance—boosting transparency and cutting operational errors. Investment in stablecoins and tokenized cash solutions is rising among financial firms seeking efficiency.

BitMine Immersion Technologies raised its ETH holdings by 110,288 ETH in the week to Nov. 10, taking its total to 3.51 million ETH—about 2.9% of the 120.69 million circulating supply. The firm bought at an average price of $3,639 and views the recent market dip, with ETH trading near $3,537, as a buying opportunity. Chairman Tom Lee predicts ETH could reach $10,000–12,000 by year-end. Shareholders have pressed for greater transparency and yield, questioning why BitMine keeps its ETH holdings unstaked while peers pursue staking returns. Discrepancies in wallet data from Arkham Intelligence and The Block have intensified calls for clearer disclosures. Currently, ETH trades above the $3,470 support and nears its 200-day EMA at ~$3,660, with resistance around $3,815. BitMine’s stock (BMNR) jumped 400% in 2025, underscoring investor confidence. Traders should watch large-scale ETH accumulation for its impact on liquidity and price momentum.

Coinbase has launched a new token sale platform that allows retail investors to buy digital tokens before their official listing. The pre-listing token sale platform uses USDC and runs over a fixed one-week window. A fair allocation algorithm replaces first-come, first-served models. Projects must lock tokens for six months after sale. Monthly token sales begin with the blockchain startup Monad’s MON token from Nov. 17–22. Coinbase expects this regulated and transparent model to enhance liquidity, foster community engagement and boost market stability. After the announcement, COIN shares rose 4%, supported by recoveries in Bitcoin and XRP.

Ethereum gas fees have fallen to record lows following the March 2024 Dencun upgrade. Basic transfers now cost just $0.04, token swaps $0.11 and NFT sales $0.19. This cost reduction coincides with a 20% increase in daily active addresses as Layer-2 rollups process nearly 99% of transactions. The drop in Ethereum gas fees has boosted on-chain trading and smart contract activity. Lower fees make transactions more accessible for retail and institutional traders. However, base-layer fee revenue has plunged by 99%, sharply reducing validator rewards. Experts warn that sustained revenue declines may threaten network security and validator incentives. Traders should watch for potential protocol adjustments aimed at balancing low costs with robust economic incentives.

Uniswap has submitted its UNIfication governance proposal, jointly developed by Uniswap Labs and the Uniswap Foundation, to activate the long-awaited fee switch on its decentralized exchange. The plan would redirect a portion of trading fees from liquidity providers to the protocol treasury and automatically burn UNI tokens proportional to usage, with an initial on-chain burn of 100 million UNI—approximately 16% of circulating supply—representing fees that would have accrued since launch. Furthermore, around $7.5 million in annualized fees on the upcoming Unichain will fund additional UNI burns, while a 20 million UNI Growth Budget is set aside for grants and ecosystem development. These measures aim to reduce token supply, align protocol revenue with UNI value, bolster liquidity provider incentives and reinforce Uniswap’s leading position in DeFi. Pending community approval, the proposal could reshape UNI’s tokenomics and drive further market dynamics.

Standard Chartered has partnered with DCS Card Centre to launch DeCard, a stablecoin credit card, in Singapore. As principal banking partner, Standard Chartered provides transaction banking services—fiat and stablecoin settlements, treasury management, liquidity oversight, and FX hedging—via API connectivity and virtual account infrastructure. The stablecoin credit card is built on Polygon’s Layer 2 network. It uses virtual accounts and APIs to clear USDC and USDT transactions in real time. DeCard’s D-Vault digital account offers flexible credit limits, seamless top-ups, and consolidated spending and repayment management. Users can spend USDC or USDT at merchants without volatility concerns. They benefit from instant payment reconciliation across multiple channels and bank-side services that bridge traditional finance and Web3. Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered, highlights the bank’s role in connecting TradFi and Web3. CEO Bill Winters predicts that all global transactions will settle on blockchains and that money will become fully digital. After its Singapore debut, DeCard will expand globally to drive mainstream blockchain payment adoption.

Ethereum Fusaka upgrade, set for December 3, 2025, unifies nine core EIPs to boost network performance, security and scalability. It introduces PeerDAS (EIP-7594) for 8× data throughput via distributed sampling, cutting node storage and enabling Layer 2 scaling. The upgrade enforces a minimum blob fee (EIP-7918) and enables flexible blob parameter adjustments without hard forks (EIP-7892), ensuring economic stability. Security gains include operation and gas size caps (EIP-7823, EIP-7825), higher MODEXP costs (EIP-7883) and an 8 MiB execution-layer block size limit (EIP-7934) to mitigate DoS risks. Developer and user tools improve with predictable block proposer pre-confirmations (EIP-7917), a new CLZ opcode for gas-efficient math (EIP-7939) and P-256 signature support (EIP-7951). No user action is required, but validators must update clients to avoid network disruptions. This Ethereum Fusaka upgrade lays a foundation for future dApp development, institutional adoption and enhanced Layer 2 rollup efficiency.

CleanSpark has launched a $1.15 billion senior convertible bond offering set to close on November 13. The Nasdaq-listed miner expects net proceeds of $1.13 billion (or $1.28 billion with full exercise) to fund bitcoin mining expansion, land and power acquisitions, and build out AI data centers. A $460 million tranche will repurchase common shares at $15.03 each to optimize capital structure. Proceeds will also repay bitcoin-secured debt and cover general corporate expenses. As the world’s second-largest miner with 46.6 EH/s hash rate, CleanSpark is deepening its footprint ahead of the next bitcoin halving. Its move into AI infrastructure aims to diversify revenue and align crypto mining with high-growth AI services. This convertible bond offering follows a $550 million capital raise in December 2024, underscoring CleanSpark’s strategy to balance growth with shareholder returns.

Gemini reported a net loss of $159 million in Q3, driven by one-time IPO costs for its planned Nasdaq listing, including regulatory compliance fees, technology upgrades and advisory charges. Net revenue rose 52% quarter-on-quarter to $49.8 million and more than doubled year-on-year to $50.6 million, powered by a record $16.4 billion trading volume and a booming credit card program. Services revenue, covering staking, custody and card fees, jumped 111% to $19.9 million. Despite strong user growth and diversified fee streams, operating expenses of $171.4 million outpaced revenue. Traders should weigh the credibility boost from a Nasdaq debut against ongoing losses and funding needs. Future performance hinges on cost control, capital efficiency and compliance with public reporting standards.

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.

The Senate Agriculture Committee has released a bipartisan discussion draft establishing a new crypto market structure. The bill defines “digital commodity” in law and tasks the Commodity Futures Trading Commission (CFTC) with formal oversight of spot trading in crypto assets. It introduces customer protections, including segregated funds, disclosure requirements and self-custody safeguards, and mandates platform registration. The draft also calls for CFTC-SEC collaboration to resolve overlaps and secures dedicated funding for CFTC staff and infrastructure. Building on the House-passed CLARITY Act, it aims to enhance transparency, liquidity and resilience in the crypto market structure. The release coincides with new Treasury and IRS guidelines clarifying staking rules for crypto ETPs, reinforcing regulatory certainty for traders.

Bitcoin ETF outflows hit $1.22 billion in one week and $558 million in the latest seven days, led by major issuers such as Fidelity, ARK 21Shares and BlackRock. These fund outflows pressured Bitcoin’s price, which dropped below $100,000 after failing to reclaim $111,000. A brief 4 % rally later lifted BTC above its 50-day EMA amid U.S. stimulus hopes, but sustained ETF redemptions signal a short-term bearish phase. Crypto traders should monitor macroeconomic indicators and fund flow updates for potential trend reversals.

Bybit is in talks to acquire Korbit, one of South Korea’s oldest crypto exchanges. Industry sources told Maeil Business that Bybit met Korbit executives to discuss buying a 31.5% stake from SK Planet. Korbit declined to comment. Bybit asked investors to await official updates. Regulatory easing by the Korea Financial Intelligence Unit and Financial Services Commission has simplified foreign acquisitions of local crypto exchanges. Bybit’s potential move follows Binance’s recent acquisition of Gopax. The deal would strengthen Bybit’s presence in South Korea’s competitive digital asset market. The acquisition reflects Bybit’s Asia expansion strategy. For crypto traders, it signals intensified competition among global exchanges in the region. The regulatory changes and foreign investments could boost liquidity and trading options. Traders should watch for official announcements and market responses.

Federal jury declared a mistrial in the $25M Ethereum MEV fraud trial against MIT-educated brothers Anton and James Peraire-Bueno. Prosecutors accused them of using MEV bots in a bait-and-switch scheme to manipulate Ethereum transaction ordering and reap maximal extractable value. The defense insisted their actions fell within protocol rules as legal base-stealing. The mistrial in this landmark Ethereum MEV case underscores legal challenges in applying fraud laws to decentralized protocols. The Department of Justice now weighs retrial, plea deal or dismissal amid calls for protocol changes and renewed debate on crypto regulation.

Paris-based hardware wallet provider Ledger reported triple-digit million-dollar revenues in 2025 ahead of the holiday season. The company now secures about $100 billion in bitcoin and is valued at $1.5 billion after its 2023 funding round. CEO Pascal Gauthier said “the money is in New York today for crypto,” as Ledger explores a New York IPO or private fundraising round. The global hardware wallet market is valued at $263 million, driven by security concerns over centralized exchanges. Ledger is also expanding its New York operations and rolling out new features, including an enterprise iOS app, TRON support, and a multisig wallet. This strategic move underlines growing demand for self-custody solutions and could boost long-term bitcoin adoption.

The Bank of England has launched a consultation on GBP stablecoin regulation, open until 10 February 2026, aiming to finalize rules by the second half of 2026. Under the proposal, issuers must back each token with at least 40% held as deposits at the BoE and the remainder in short-term UK government bonds. Systemically important GBP stablecoins may hold up to 95% in gilts during their growth phase, reducing to 60% as they mature. The plan also sets individual holding caps of £20,000 per token and a £10 million limit for businesses, with exemptions for major institutions. HM Treasury will grant systemic status, the BoE will set prudential requirements and liquidity facilities, and the FCA will oversee conduct. Non-systemic stablecoins such as USDT and USDC will remain under FCA regulation only. By clarifying stablecoin regulation, the BoE seeks to align UK policy with global peers and give crypto traders greater certainty while balancing innovation with monetary stability.