Ethereum’s falling wedge pattern on the daily chart indicates a potential bullish breakout to $5,000 if resistance near $3,580 is breached. The Ethereum falling wedge formation, identified by converging trendlines, signals buyers regaining control after recent declines. A bullish MACD crossover is imminent, with histogram bars turning positive, reflecting growing upward momentum. On-chain data shows institutions and whales accumulating over 500,000 ETH since early November, lifting market cap to $431.17 billion amid regulatory approval for ETF staking. Trading volume has surged above $30 billion, underlining strong market interest. Traders should watch for a decisive close above the wedge’s upper boundary on high volume to confirm the breakout. This setup aligns with past wedge breakouts that led to rapid price advances. A confirmed move could propel Ethereum toward the $5,000 target zone, offering a compelling trading opportunity. Key indicators and institutional support enhance confidence in sustained growth. Risk management remains crucial, so traders should set clear stop-loss levels and monitor volume to validate the trend.
Ethereum Fusaka Upgrade, slated for December 2025, is the largest scalability update since Pectra. It integrates 12 new EIPs, including Peer Data Availability Sampling (PeerDAS) for rollups, to cut bandwidth use and speed data verification. The upgrade also raises blob and block gas limits in progressive steps—from 30 million to 150 million gas units—to boost throughput and protect network stability.
At a recent Enterprise Ethereum Alliance briefing, developers detailed a new cryptographic precompile aligning with modern passkey standards for smoother wallet authentication and enterprise-grade user experience. Testnets on Hoodi, Holesky and Sepolia demonstrated faster synchronization and lower fees under peak loads.
For traders, the Ethereum Fusaka Upgrade signals higher network capacity, lower transaction costs and greater Layer-2 adoption potential. ETH trades around $3,842 amid bearish exchange inflows, with support near $3,600. Long-term efficiency gains may underpin renewed demand, while short-term volatility could offer trading opportunities.
Chain Code Delegation is a collaborative custody technique for Bitcoin keys that enhances privacy, security, and spending policy enforcement. Unlike standard BIP32 hierarchical wallets where xpubs grant full visibility into key derivations, custodians in chain code delegation hold only a non-extended public key and receive BIP32 scalar tweaks off-chain at signing time. The chain code delegation method establishes spending conditions—such as change output verification and rate limits—by requiring users to provide scalar tweaks for each output index. These tweaks enable custodians to derive child keys (P_i = P_par + G*t_i) and sign transactions without accessing the full chain code or monitoring other UTXOs. Privacy is improved as custodians only see transactions they sign, and advanced methods like blind Schnorr signatures can further conceal predicate details. Security risk is minimized: without chain code or tweaks, custodial keys cannot sign UTXOs, and any leaked tweak is only valid for a narrow time window. Chain Code Delegation offers a flexible approach to enforce access controls across devices—from mobile wallets to hardware signers—optimizing custody solutions for Bitcoin traders and institutions.
Global crypto regulation is evolving from enforcement to structured frameworks, heightening oversight and compliance. The EU’s Markets in Crypto-Assets Regulation (MiCA) establishes uniform rules for issuers, exchanges and wallet providers, covering market access, disclosure and AML requirements. International bodies such as FATF and IOSCO warn that tokenization and stablecoins pose systemic risks, urging stricter rules on custody, valuation and the Travel Rule. In the US, selective enforcement by agencies like the SEC increases uncertainty but promotes stronger governance among firms. China emphasizes its eCNY central bank digital currency, restricts domestic trading and ICOs, and pilots offshore RMB-pegged stablecoins to enhance cross-border settlements. Globally, regulators are treating stablecoins as banking products under central bank oversight, driving higher compliance costs and favoring institutional players. Traders should monitor these crypto regulation developments to adapt risk management and product strategies accordingly.
Domain Energy Holdings, a Hong Kong-listed company, will acquire a 5.56% interest in the licensed virtual asset exchange VAX for HKD 100 million. The acquisition comprises HKD 24 million in cash and HKD 76 million via a three-year zero-coupon convertible bond. The bond carries a conversion price of HKD 2.5 per share. This acquisition marks Domain Energy’s debut in owning equity in a virtual asset exchange. The strategic investment reflects rising demand for licensed trading platforms and underscores confidence in VAX’s growth prospects.
Neutral
Virtual Asset ExchangeAcquisitionVAXConvertible BondsDomain Energy Holdings
On November 13, the SEC chair announced a sweeping crypto regulation overhaul with a four-tier token classification system. The new SEC token classification divides crypto assets into network tokens, digital collectibles, digital utilities and tokenized securities. Most tokens—such as decentralized network tokens, NFTs and utility tokens—will fall outside securities law, while tokenized securities remain subject to SEC oversight.
The framework also updates the Howey test interpretation, recognizing that an investment contract can terminate once issuer promises are fulfilled. Tokens that mature beyond their initial investment contract won’t automatically remain securities under the revised token classification.
Future measures include tailored issuance regimes and permission for non-security tokens to trade on non-SEC platforms, all under existing anti-fraud provisions. This crypto regulation update aims to reduce uncertainty, protect investors and keep innovation in the U.S., supporting pending congressional market-structure legislation.
Binance has announced support for Ethereum network’s upgrade and hard fork, scheduling a maintenance window for ETH wallets on November 26, 2025. Beginning at 14:00 UTC+8, ETH deposits and withdrawals will be suspended at 13:55 and are expected to resume automatically after approximately one hour. The Ethereum network upgrade is set for December 4, 2025 at 05:50 UTC+8, with Binance pausing ETH token transactions at 05:45. Traders should prepare for temporary service interruptions and adjust trading strategies around these dates.
Galaxy Digital’s tokenization head Thomas Cowan announced that blockchain tokenization is now decoupling from Bitcoin price movements, ushering in a BTC-independent phase. Institutions, focused on efficiency, cost reduction and liquidity, view tokenization as core infrastructure rather than a speculative tool. On-chain settlement can shrink T+1 or T+2 into T+0, automate compliance with transparent audit trails, and cut operational costs by over 40%. Illiquid assets like private equity and real estate become divisible and tradeable 24/7 on secondary markets. BlackRock’s USD Digital Liquidity Fund (BUIDL) has amassed $2.3 billion, while JPMorgan pilots tokenized lifecycle management. Galaxy Digital partners with Superstate to list Nasdaq equities on Solana for near-instant settlement. According to Broadridge, 63% of custodians and 15% of asset managers already offer tokenization services. Regulatory uncertainty remains a top concern, but programmable compliance (“law as code”) is gaining traction. Standard Chartered projects tokenized assets could swell to $30.1 trillion by 2034, with institutions allocating 10–40% of portfolios to tokenized real-world assets by 2030. As blockchain tokenization solidifies its role in financial infrastructure, traders should monitor RWA token launches, settlement innovations and regulatory milestones.
Taiwan’s legislature has launched an investigation into seized Bitcoin assets. Legislator Ge Ru-jun called for a thorough review to determine whether to hold these crypto assets as long-term investments or liquidate them for immediate revenue. Central Bank Governor Yang Chin-long confirmed a detailed research report will be published by year-end. The probe will assess market volatility, storage security, legal frameworks and optimal timing for potential liquidation. This investigation into seized Bitcoin marks a landmark in government crypto asset strategy. The outcome will guide policy on asset management and could set an international precedent for handling seized cryptocurrency. Stakeholders will monitor how Taiwan balances short-term fiscal needs against future gains. This neutral stance underscores the growing integration of digital currencies into national finance strategies and highlights the importance of clear regulatory standards for crypto assets.
Schwab Crypto Thematic ETF (STCE) is a high-beta crypto ETF providing exposure to crypto-linked equities. STCE carries elevated risk with 64% annualized volatility and notable tracking error. The fund is concentrated in fintech, heavy on Financials and Information Technology sectors. Analysts rate STCE a buy based on reasonable valuation multiples and crypto market seasonality. Technical analysis shows STCE trading near key Fibonacci support levels and above its rising 200-day moving average, suggesting a favourable, risk-managed entry. The ETF’s upside relies on bullish trends in bitcoin and ether, coupled with seasonal tailwinds historically observed in Q4. Traders should weigh STCE’s concentrated sector exposure and volatility when planning entries and risk control.
In August, the Enterprise Ethereum Alliance (EEA) hosted an intimate EEA Dinner in New York City to accelerate Ethereum interoperability and institutional adoption. The event convened over 20 industry leaders across Ethereum infrastructure (zkSync, Arbitrum, Aztec, Kinto, Lisk, Blockdaemon, The Graph), financial institutions (DTCC, Moody’s, BlackRock), DeFi innovators (Aave, Midas, Ethena) and investors (Lantern Capital, Ethereum Ecosystem Fund, Berkshire Global Advisors). EEA members Microsoft, Lido Finance, Chainlink Labs, Matter Labs, ENS Labs and The Graph reinforced the alliance’s mission through high-value networking. Held at Union Market with curated cocktails and fine wines, the dinner fostered open discussions on scalability, cross-chain protocols and enterprise use cases. Looking ahead, the EEA will continue hosting intimate gatherings to bridge builders and institutions, driving sustainable growth in the Ethereum ecosystem. Stay tuned for the next EEA event and membership opportunities.
The bitcoin price extended its higher-low pattern from early November and briefly hit $105,000. Traders remain cautious around the key resistance zone at $107,000. Analyst Daan Crypto Trades says a successful break above $107,000 would confirm a bullish bias, while Crypto Tony describes $107,400 as an ideal short zone. Luca warns of deeper pullbacks if prices fall below the moving-average support band, prompting potential hedging on spot positions. On-chain data from CryptoQuant highlights one of the largest Binance BTC withdrawals of 2025, coinciding with bitcoin price touching $103,000. Increased OTC desk activity suggests institutional accumulation. Overall, these large withdrawals and accumulation patterns signal a bullish outlook, though short-term resistance may spur consolidation.
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