Japan Exchange Group is exploring measures to curb cryptocurrency hoarding by listed companies. According to insiders, the Japan Exchange is considering tightening reverse takeover rules and mandating new audits for listed companies. No formal measures have been finalized. Since September, three publicly traded firms have paused crypto purchases under warnings that financing could be restricted if they pursue cryptocurrency hoarding as a strategy. This move addresses concerns over market stability and excessive corporate crypto accumulation. Traders should monitor updates closely. Any restrictions on cryptocurrency hoarding by listed companies may reduce demand and affect liquidity across crypto markets.
Bearish
Japan Exchangecryptocurrency hoardinglisted companiescrypto regulationmarket stability
The EU Commission has opened an antitrust investigation under the Digital Markets Act into Google’s news ranking algorithm. Regulators are probing the fairness of Google news ranking practices amid complaints that the search giant demotes outlets with sponsored content, harming publisher revenue and visibility.
Under the DMA, gatekeepers must ensure fair competition. EU authorities allege that Google’s algorithm penalizes sites with third-party promotions, consolidating power in search and digital advertising. Confirmed breaches could trigger fines of up to 10% of global turnover, potentially amounting to billions of euros.
A ruling against Google may force algorithm revisions to guarantee neutral rankings. This outcome could upend SEO strategies across Europe and support smaller publishers. Coupled with other DMA probes and a US privacy lawsuit over Gemini AI, the case signals heightened regulatory pressure on Big Tech’s market dominance.
Neutral
EU antitrustGoogle news rankingDigital Markets ActSearch algorithmsPublishing revenue
White hat hackers have recovered over $20 million from the Balancer hack, which originally saw losses of more than $100 million. Haseeb Qureshi of Dragonfly Capital revealed on X that ethical hackers intervened discreetly to return stolen funds and prevent further asset movement. This operation underscores the role of white hat hackers in mitigating the Balancer hack and reinforcing DeFi security, delivering immediate damage control, asset recovery, and post-incident vulnerability assessments. Balancer’s protocol—known for its automated market-making pools—benefited from this quick response, highlighting improved fund protection for users. Although quietly coordinated, such white hat activities foster greater community trust and contribute to stronger security practices across the DeFi ecosystem. The incident sets a precedent for future protocol safeguards, demonstrating that coordinated ethical actions can mitigate the impact of major breaches and reinforce the resilience of decentralized finance. Traders should monitor ongoing security developments and platform audits as DeFi continues evolving.
Bullish
Balancer hackWhite hat hackersDeFi securityFund recoveryDragonfly Capital
ProShares Bitcoin ETF (BITO ETF) offers a headline distribution rate of 62%, but this figure reflects gains crystallization rather than a sustainable yield. By writing covered calls on bitcoin futures, BITO ETF generates cash distributions that can mislead investors into expecting downside protection. In reality, BITO ETF mirrors bitcoin’s price swings and provides no cushion during market downturns. With $2.6 billion in assets under management and a 0.95% expense ratio, the fund is best suited for harvesting gains after rallies, helping traders lock in profits and manage market-timing psychology. Investors should view BITO ETF distributions as tools for gain realization rather than insurance against a crypto winter.
On-chain data show that Ethereum co-founder Taylor Gerring received 4,544 ETH, worth about $15.41 million, nine hours before this report. The transfer ranks among the largest single movements to Taylor Gerring and other Ethereum founders in recent months. The ETH tokens remain unmoved, signaling a likely long-term holding strategy. Traders interpret this founder activity as a sign of confidence in Ethereum’s future. The absence of immediate selling pressure could support ETH price stability. This transaction coincides with key network upgrades and growing institutional adoption. Monitoring founder ETH transfers offers traders valuable insights into market sentiment and potential price trends.
As traders hunt new crypto coins in a $3.6 trillion market, three catalysts stand out. Apeing (APEING) has launched an email-based whitelist for its degen-style meme token, coupling high-energy branding with an audit-first roadmap. Early subscribers gain limited token allocations and official alerts before any live launch, helping manage risk in the highly speculative new crypto coins segment.
Meanwhile, XRP (XRP) is executing a $4 billion acquisition spree, including Hidden Road, GTreasury and Palisade, to build brokerage, treasury and custody infrastructure on Wall Street rails. A recent $500 million funding round valuing the company at $40 billion underpins its shift from cross-border payments to institutional rails, illustrating how established tokens can still drive new crypto coins narratives.
Hedera (HBAR) has joined Google Cloud’s BigQuery public datasets, making its full transaction history accessible via SQL-style queries. That news triggered a 10% HBAR price jump and a breakout from a falling wedge, signaling renewed bullish momentum in an older Layer-1. Together, these moves—from a structured Apeing whitelist to XRP’s mega-deals and Hedera’s enterprise integration—highlight three distinct paths in the new crypto coins landscape.
Bullish
New Crypto CoinsApeing WhitelistXRP AcquisitionsHedera BigQueryMarket Catalysts
MicroStrategy’s market capitalization has dropped below the value of its Bitcoin holdings as its mNAV (market-to-net asset value) slid under 1× for the first time. The firm holds about 629,000 BTC worth roughly $72.5 billion, while its share price plunge from 2025 highs has reduced its market cap to around $64.5 billion. This marks the end of a long-standing NAV premium.
Declining Bitcoin prices, which have retested the $100,000 level, and the firm’s share dilution—resulting from over 40% increase in share count since 2022 due to equity sales and $1.01 billion in convertible bonds—have compressed MicroStrategy’s mNAV multiple. The company’s $689 million annual preferred dividends and high leverage have further squeezed financial flexibility. With cheap financing windows closed, MicroStrategy has begun issuing preferred shares and may consider share buybacks or derivatives hedges to manage its BTC reserves.
Meanwhile, the rise of spot Bitcoin ETFs, led by BlackRock’s $89 billion fund, and retail platforms like Coinbase and Robinhood have reduced demand for MicroStrategy as a corporate Bitcoin proxy. Industry peers, such as Japan’s Metaplanet, have also seen share prices fall over 30%. Analysts’ price targets for MicroStrategy range from $360 to $570, highlighting varied outlooks.
Traders should watch MicroStrategy’s financing moves and Bitcoin market trends for short-term volatility and long-term risk management. The NAV discount could attract value investors, but a stalled or falling Bitcoin price may heighten downside risk.
10x Research CEO Markus Thielen warns that risk managers could flip the current institutional Bitcoin rally into a downturn as market fatigue and spot ETF fund outflows erode risk appetite. He notes that strong institutional buying has driven Bitcoin higher in 2024, especially via spot Bitcoin ETFs, but mounting macro risks and last October’s massive liquidations suggest potential for larger pullbacks. With US spot BTC ETFs recording $939 million in weekly outflows according to CoinShares, Thielen expects portfolio rebalancing could trigger accelerated selling and “risk managers” may demand position cuts. Although Bitcoin remains the preferred asset for institutional crypto exposure, 10x Research suggests shorting Ethereum offers a more efficient hedge. Recent whale profit-taking above $100,000 has contributed to Bitcoin’s underperformance relative to gold and equities since January. Traders should monitor ETF flows, whale activity and macro indicators for early signs of reversal and adjust risk management strategies accordingly.
Leap Therapeutics (NASDAQ: LPTX) announced it will rebrand as Cypherpunk Technologies (CYPH) and adopt a crypto treasury strategy focused on Zcash. The biotech firm raised $58.88 million in a private placement led by Winklevoss Capital. It used $50 million to purchase 203,775 Zcash tokens at an average price of $245.37 each. Following the announcement, the company’s shares surged over 170% in early trading.
Cypherpunk also appointed two new board members: Bitcoin treasury CEO Khing Oei as chairman and Winklevoss Capital’s Will McEvoy as chief investment officer. Zcash is a privacy-centric blockchain from a 2016 Bitcoin fork that uses zk-SNARKs to hide transaction details.
ZEC has rebounded from about $48 in early September to over $640 and ranks among the top 20 cryptocurrencies. Its relative strength index (RSI) hit a record 94.24 this week, signaling an overbought market and potential price correction. BitMEX co-founder Arthur Hayes predicts ZEC could reach $1,000 by 2025 and urged holders to move tokens to self-custody for private transactions.
Shodai Network, a crypto financing platform, has raised $2.5 million in a seed funding round led by Consensys, Consensys Mesh, and Ethereum co-founder Joseph Lubin. This capital infusion will help Shodai Network expand its founder network and accelerate the development of its financing support platform. The platform brings together early-stage developers, entrepreneurs, and industry veterans to provide resources, networking opportunities, and tools for scalable project growth. Through its product division, Shodai Network focuses on innovative financing technologies and open-source capital-raising tools, aiming to align incentives between protocol developers and investors from day one. This seed round marks a major milestone for Shodai Network’s mission to strengthen crypto financing infrastructure and support the next generation of decentralized projects.
House passed a stopgap funding bill (222-209) ending the 35-day government shutdown. The measure, now en route to the president for signature, fully restores federal operations. It unlocks resumed SEC review processes and accelerates pending crypto ETF approvals for Bitcoin and Ethereum. More than 20 spot ETF applications, each subject to a 240-day review, can now advance. Lawmakers also expect renewed progress on a market structure bill clarifying SEC and CFTC oversight of digital assets. The CFTC can resume guidance on stablecoins and DeFi. Analysts project ETF decisions by early 2025. Historical precedents, such as Canada’s Bitcoin ETF launches—which spurred 300% volume growth—suggest crypto ETF approvals could drive significant institutional inflows. Renewed regulatory clarity may unlock billions and support sustainable growth in the crypto and blockchain sectors.
Bullish
Crypto ETF ApprovalsUS Government ShutdownSEC Review ResumptionCrypto RegulationMarket Structure Bill
Visa has launched a stablecoin payout pilot enabling businesses to pay global freelancers in USDC via blockchain networks. The pilot, part of Visa’s Crypto API, uses on-chain settlement on Solana to speed cross-border payments and cut foreign-exchange fees. Participating firms can initiate stablecoin payouts directly through Visa’s platform and partner crypto firms. The initial rollout in Argentina aims to test real-world efficiencies. By integrating stablecoin payouts, Visa is positioning its network to support faster, cheaper international payroll for freelancers. If successful, the program will expand to additional markets late 2024. The move underscores growing adoption of stablecoin payout solutions and strengthens blockchain’s role in global payments.
Volkswagen and Rivian’s joint venture, RV Tech, will begin licensing its scalable EV platform to third-party automakers from 2026. The EV platform integrates Rivian’s centralized electronics with Volkswagen’s manufacturing expertise to cut development costs by up to 30%. It supports multiple body types and both electric and combustion-engine vehicles.
Winter testing is set for Q1 2026, with prototypes from Audi, Volkswagen, and Scout. The first production models include Rivian’s R2 SUV in early 2026 and Volkswagen’s €20,000 ID. EVERY1 in 2027. Volkswagen has invested $5.8 billion in the project, aiming to boost margins through software licensing and new revenue streams.
Cryptocurrency traders should watch for shifts in EV-related tokens and stocks, as standardized automotive software integration could drive demand for blockchain-based supply chain solutions. Direct impact on crypto markets is likely limited, but long-term industry collaboration may create new token use cases.
Neutral
EV platformsoftware licensingelectric vehiclesautomotive softwareRV Tech
Monetalis-linked wallet executed a significant UNI accumulation, purchasing 1.851 million UNI tokens worth $14.3 million via over-the-counter (OTC) deals. This large-scale UNI accumulation took place over eight hours at an average price of $7.7 per token. Institutional market makers Wintermute, Flow Traders and B2C2 facilitated the trades, ensuring minimal market slippage and price impact. The move underscores growing institutional investment in Uniswap’s governance token and the broader DeFi ecosystem. Traders should note that this strategic OTC trading pattern reflects sophisticated execution strategies and strong confidence in UNI’s value proposition. Such institutional participation could bolster market sentiment and precede further price appreciation, marking a key development for crypto traders monitoring Uniswap’s market dynamics.
Bullish
UNI accumulationMonetalisOTC tradingInstitutional investmentUniswap
A new report by RedStone Oracles, Gauntlet, Stablewatch and the Tokenized Asset Coalition finds that stablecoins, real-world assets (RWA) and liquid staking tokens (LST) are rapidly narrowing the yield gap between crypto and traditional finance. Currently only 8%–11% of crypto assets offer passive income, versus 55%–65% in TradFi. Yet crypto yields generated by stablecoins and RWA have surged since the US GENIUS Act set clear collateral rules and anti-money laundering standards. RWA tokens, which represent bonds or funds, also offer on-chain yields that appeal to institutions. Ethereum and Solana LSTs are key drivers. Ethereum LST supply climbed from 6 million to 16 million tokens over two years, adding $34 billion in nominal value. Solana LSTs doubled from 20 million to 40 million tokens, with 67% of SOL now staked. These tokens boost capital efficiency by enabling stakers to trade or deploy tokens in DeFi. In response to rising demand for crypto yields, new protocols launch monthly to capture opportunities. The report predicts exponential growth in yield-generating crypto assets. Enhanced regulatory clarity and product innovation may close the passive income gap with TradFi and attract more institutional capital.
On November 13, Ethereum co-founder Taylor Gerring’s associated address (tagstax.eth) received 4,544 ETH (approximately $15.41 million). The transaction was confirmed at 01:21 UTC and remains intact on-chain. Blockchain analysis shows frequent interactions between this address and two major block builder services, Beaver Builder and Titan builder, both active since 2022.
This Ethereum insider transfer highlights growing whale activity and may influence market sentiment. Large inbound transfers by notable figures are often viewed as bullish signals, implying intentions for staking or fee optimization rather than immediate liquidation. Traders should monitor on-chain data for any subsequent movements.
Bullish
EthereumETH WhaleTaylor GerringBlock BuildersWhale Transfer
On November 13, 2025, the US House of Representatives approved a stopgap funding bill ending the government shutdown with a 222-209 vote. The legislation, aimed at preventing further disruption to federal operations, now moves to the Senate for final approval. By averting a prolonged government shutdown, the bill reduces political risk and curbs market volatility, restoring confidence among investors and crypto traders. Key services and federal agencies will see funding resumed, addressing concerns over potential fiscal and economic fallout. As political stability returns, trading volumes in risk-sensitive assets like cryptocurrencies are expected to normalize, offering a more predictable market environment for short-term portfolio adjustments and longer-term strategy planning.
Bullish
government shutdownUS Housefunding billmarket volatilitycrypto traders
Cisco raised its fiscal 2026 revenue outlook to $60.2 billion–$61 billion, surpassing Wall Street estimates by nearly $1 billion. The networking giant posted Q1 revenue of $14.9 billion, an 8% year-on-year gain, and delivered adjusted EPS of $4.14, beating analyst forecasts of $4.05. Cisco’s fiscal 2026 revenue outlook reflects stronger-than-expected demand for AI-ready networking systems.
AI infrastructure orders climbed to $1.3 billion from $800 million in the prior quarter, highlighting surging demand for secure, high-speed networks. Partnerships with Nvidia and upgraded chips and routing hardware have positioned Cisco ahead of rivals like Broadcom and Hewlett Packard Enterprise. Bloomberg Intelligence suggests Cisco’s AI momentum could keep accelerating, making its fiscal 2026 revenue outlook conservative if growth continues.
This strong performance and optimistic guidance underline Cisco’s leading role in AI networking. Traders should watch ongoing AI infrastructure trends and strategic partnerships, as they may influence tech sector earnings and market sentiment.
Chainlink on-chain data shows over 63 million LINK tokens withdrawn from exchanges in the past month. This high exchange withdrawal signals strong accumulation by holders aiming for long-term gains. LINK price has fallen 30.1% from $22.58 to $15.77 since early October. A brief 15% bounce to $16.65 on November 10 saw renewed selling pressure. According to Glassnode, net transfer volume remained negative until the rebound, with spikes in exchange inflows and Coin Days Destroyed indicating profit-taking.
The massive outflow reduces available supply on trading platforms and could support price stability if demand holds. Chainlink’s Reserve also grew by 78,000 LINK, reinforcing network operations. Despite ongoing partnerships and positive social sentiment, breaking key support at $15.45 is crucial for recovery. Traders should monitor on-chain metrics, resistance levels, and exchange balances to gauge whether accumulation will outweigh selling pressure. Market uncertainty persists, mirroring past accumulation patterns that required sustained buying to reverse downtrends.
Congress passed a funding bill to end the longest US government shutdown in history, with a 222–209 House vote. The bill now heads to President Trump, who is expected to sign it imminently. The funding measure covers federal operations through January next year, resolving stalemates between Democrats seeking healthcare and cost-of-living funds and Republicans focused on reopening. The end of the US government shutdown unfreezes stalled crypto ETF approvals and key crypto bills at the SEC, including spot-crypto exchange-traded fund applications. Market structure legislation that progressed during the shutdown may now advance further. Crypto traders should monitor the SEC’s renewed capacity to process filings and potential policy shifts in the wake of the shutdown’s conclusion.
Bullish
US Government ShutdownFunding BillCrypto ETFSECSpot Crypto ETFs
The US House of Representatives on Nov. 13 approved a three-month continuing resolution by a 222-209 vote, ending a 42-day government shutdown. With funding restored, key agencies including the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) can resume crypto regulation and rulemaking. The Senate Agriculture Committee has released an initial market-structure draft bill defining the CFTC’s oversight of crypto spot markets and scheduled a confirmation hearing for nominee Mike Selig as CFTC chair. The restart also clears the path for SEC approvals of new exchange-traded funds and allows regulators such as the IRS and Office of the Comptroller of the Currency to advance proposals under the GENIUS Act. The end of shutdown uncertainty renews momentum for crypto regulation and stabilises the path for public listings and policy updates.
Bullish
Government FundingCrypto RegulationCFTC OversightSEC ApprovalsMarket Structure
Exodus Movement reported Q3 2025 revenue of $30.3 million, up 51% year-on-year, driven by increased Bitcoin swap activity and exchange volumes. Net income rose to $17 million from $0.8 million a year earlier. The company’s digital and liquid assets totaled $314.7 million, including 2,123 BTC, 2,770 ETH and $50.8 million in cash. Exodus Movement also acquired Grateful, a Latin America stablecoin payments platform, to expand in emerging markets and diversify revenue. CFO James Gernetzke noted that 60–65% of monthly income comes from Bitcoin payments by liquidity providers, with strategic USDC conversions to manage liquidity. Exchange‐provider volume reached $1.75 billion, an 82% increase year-on-year.
Bullish
Exodus MovementBitcoin revenueGrateful acquisitionQ3 2025 financialsLatin America stablecoin
Coinbase has launched a vetted ICO platform to restore efficient capital formation in crypto. The new Coinbase ICO platform requires rigorous project audits, team background checks and six-month token sale locks for insiders. This regulated approach addresses the failures of the 2017–2018 ICO revival, reducing fraud and raising investor confidence. Bitwise CIO Matt Hougan predicts at least six $1 billion ICOs by 2026 through platforms like Coinbase. He sees direct benefits for Coinbase, Ethereum and Solana as many token sales will build on these blockchains. Traders should monitor COIN for immediate gains and ETH, SOL for growing network demand. A broader crypto index strategy may capture the wider tokenization trend and renewed ICO revival in the coming years.
A large Ethereum whale or institutional holder redeemed 9,026 ETH (approximately $31.05 million) and transferred 7,665 ETH (around $26.37 million) into OKX and Bybit exchanges, according to Onchain Lens. The wallet had previously been tagged as #SharpLink, though SharpLink denies any association. This move could signal upcoming sell pressure as significant exchange inflows often precede market downturns. No other destinations for the remaining 1,361 ETH have been disclosed. Traders should watch for potential price impact and liquidity shifts in the ETH market.
Pump.fun has launched an experimental Mayhem mode that allows AI agents to automatically bid on newly issued meme tokens, aiming to boost early trading volume. Token creators must opt in before launch; existing tokens and graduated projects are excluded. Under this mode, AI agents mint an extra 1 billion tokens per token (doubling supply to 2 billion) and execute random trades to heighten initial volatility and risk. After 24 hours, unsold tokens—and any held in agent wallets—are burned. AI may aggressively sell to drain bonding curves, potentially blocking human sellers. The initiative positions AI agents against front-running bots, introducing a new dynamic in token launches.
President Ferdinand Marcos Jr has appointed Finance Undersecretary Charlito Mendoza as the new Bureau of Internal Revenue (BIR) Commissioner. Mendoza previously led the Philippine delegation at the 8th Asia Initiative Meeting, committing to adopt the Crypto-Asset Reporting Framework (CARF) by 2028. CARF mandates the automatic exchange of crypto tax reporting data to curb cross-border tax evasion. Finance Secretary Ralph Recto estimates Filipino crypto holdings at ₱6 trillion and emphasizes the need for stronger collaboration to ensure fair taxation and prevent illicit financial activity. As BIR Commissioner, Mendoza faces a full-year revenue target of ₱3.219 trillion, with ₱897 billion needed by year-end. He has noted potential shortfalls in tax revenues but plans to offset them with non-tax income.
Adam Back, co-founder and CEO of Blockstream, has characterized Bitcoin as permissionless bearer money, fulfilling the cypherpunk vision of eCash. He emphasized that holding private keys ensures sole control over Bitcoin ownership and transactions, with no intermediaries able to freeze or reverse payments. Critics counter that Layer 2 solutions like the Lightning Network introduce partial centralization and potential censorship points, challenging Bitcoin’s permissionless ideal. Over time, Bitcoin has evolved from P2P electronic cash to a store of value and “digital gold,” attracting both investors hedging fiat inflation and speculative traders. While some governments consider Bitcoin as a treasury reserve asset, privacy advocates warn that blockchain transparency undermines financial anonymity. This debate underscores Bitcoin’s multifaceted role in the crypto market.
Chainlink saw a 30.1% price drop from $22.58 to $15.77 since October. Over 63 million LINK tokens were withdrawn from exchanges in the past month, indicating accumulation despite bearish LINK price action. A recent 15% bounce to $16.65 met profit-taking pressure. On-chain metrics such as net transfer volume and Coin Days Destroyed peaked, confirming selling by short-term holders. Positive factors like new partnerships and additions to the Chainlink Reserve have so far failed to reverse the downtrend. If Chainlink loses the $15.45 support level, further declines may follow. Traders should monitor exchange withdrawals and on-chain indicators for signals of potential recovery or deeper correction.
US equity markets rallied on November 13, 2025, ahead of a crucial House vote to end the 40-day government shutdown. The Dow Jones Industrial Average surged 423 points (+0.9%) to a new intraday high, driven by gains in Goldman Sachs, JPMorgan Chase and American Express. The S&P 500 edged up 0.1% while the Nasdaq Composite dipped 0.3%, reflecting mixed tech sentiment. Safe-haven metals gained ground, with gold hitting around $4,180 and silver rising above $53. In contrast, Bitcoin pulled back 3.4%, sliding from $105,300 to near $101,200 as traders rotated into traditional assets. Despite this short-term weakness, spot Bitcoin ETFs saw a record $524 million of net inflows—the highest daily total since early October—signaling strong institutional interest. Investors are now eyeing upcoming Federal Reserve policy guidance, which could reignite Bitcoin’s momentum once government operations resume.