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Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

US Govt Reopens After 43-Day Shutdown; Trump Signs Bill

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The US federal government officially resumed operations on November 13 after a record 43-day shutdown. President Trump signed H.R. 5371, ending the stalemate and blaming Democrats and President Biden for an estimated $1.5 trillion in economic losses. The six-week shutdown shaved 1.5 percentage points off Q4 GDP (around $11 billion) and disrupted air travel, tourism, food assistance programs and key economic data releases. Lawmakers agreed to a “first open, then debate” approach on ACA subsidies, sealed by defections from eight Senate Democrats and one independent. Agencies now face an administrative backlog—payroll restorations, permit approvals and audits will take days to weeks. Crypto markets, including stalled Litecoin ETF and 90 SEC filings, stand to benefit from resumed regulatory review. Investors should monitor fiscal negotiations and regulatory developments as market confidence returns.
Bullish
Government ShutdownUS Fiscal PolicyMarket ImpactCrypto RegulationETF Approvals

Bitcoin Dips 0.9% as Heavy Volume Tests $102K Support

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Bitcoin price fell 0.9% on Nov. 12, sliding from $103,177 to $102,203 after briefly reaching $105,342. A surge in trading volume—27,579 BTC or 138% above the 24-hour average—triggered the breakdown at 2 PM UTC. Price stabilized in a $101,500–$102,200 range during the final eight hours as volume cooled to an average of 165 BTC. Despite the pullback, spot bitcoin ETFs saw record inflows of $524 million, led by BlackRock’s $224.2 million and Fidelity’s $165.8 million. On-chain metrics revealed elevated exchange inflows of 7,500 BTC per day, signaling profit-taking. Miner hash rate momentum remains strong, offering support against further distribution. Key levels to watch include support at $102,000 and resistance at $105,050. A sustained drop below $102,000 could target $100,600–$101,200, while reclaiming $105,050 may open a path toward $107,400.
Neutral
Bitcoin priceTrading volumeSupport levelETF inflowsOn-chain metrics

XRP Cup-and-Handle Setup Signals Potential $5 Year-End Rally

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XRP trades around $2.38, up 4% on the week. Traders have identified a classic cup-and-handle pattern on the 3-day chart. The rounded bottom formed between Jan and Jul 2025. The handle now tests its upper boundary. Traders view this XRP breakout as a key signal for larger gains. A clean XRP breakout above this level could pave the way to a $5 target by year-end. Indicators reinforce this view. The MACD shows a potential bullish cross. Chart analysts note a consolidation-expansion cycle mirroring past breakouts. On the 4-hour chart, a short-term “As Above, So Below” pattern suggests similar stages of price movement over 89-day periods. Key support lies at $2.30–$2.50. Resistance zones appear at $2.80, $3.00, $3.65, and $4.38 (the 1.414 Fibonacci extension). Market sentiment remains tied to Bitcoin’s trend. XRP’s support at $2.41 is crucial. A bounce from this level could trigger further gains. Failure to hold may lead to continued range trading. Meanwhile, on-chain data shows XRP’s cumulative volume delta (CVD) turned positive for the first time in months. Such a move preceded a 75% rally in past cycles. Developments in ETF offerings may also shape the outlook. Canary Capital plans to launch the first US-based spot XRP ETF on Nov 13. This product aims for full asset exposure. Traders will watch how ETF news interacts with technical signals. In summary, the XRP breakout scenario hinges on key chart levels and ETF catalysts. A successful break above the handle resistance could accelerate a rally toward $5. However, market reaction will depend on Bitcoin’s trend and the ETF launch’s impact.
Bullish
XRPCup-and-Handle PatternTechnical AnalysisSpot ETFMarket Signals

Space Firm Unveils Unmanned Lunar Cargo Ship for Moon Missions

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An aerospace company has developed an unmanned cargo ship designed for lunar missions and advanced space logistics. The robotic lunar cargo ship uses a new propulsion system to deliver high payloads to the Moon. It can transport supplies, habitats, and scientific equipment for moon bases. The project aims to support long-term human presence and complement other space agencies’ lunar exploration efforts. The company faces challenges such as the harsh lunar environment and complex system integration. Extensive testing and international collaboration are critical to mission success. If successful, the lunar cargo ship could expand future moon exploration and drive breakthroughs in space technology.
Neutral
Lunar MissionsSpace LogisticsUnmanned SpacecraftCargo DeliverySpace Exploration

Binance Pauses ETH Deposits and Withdrawals for Maintenance

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Binance will suspend ETH deposits and withdrawals during two planned maintenance windows. The first pause starts at 05:55 UTC on November 26 for wallet upgrades. The second halt begins at 21:45 UTC on December 3 to implement a major Ethereum network upgrade. Regular ETH trading on spot and margin markets remains unaffected, and other cryptocurrencies are not impacted. Traders should plan transfers around these maintenance windows to avoid delayed ETH deposits and withdrawals. Binance confirms that all existing ETH balances stay secure and that these upgrades aim to enhance transaction speed, strengthen security protocols, and improve compatibility with future Ethereum developments. Stay tuned to official Binance channels for real-time updates on ETH deposit and withdrawal status.
Neutral
BinanceEthereumETH MaintenanceNetwork UpgradeCrypto Trading

Gensyn CodeZero: Decentralized Collaborative AI Coding

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Gensyn has unveiled CodeZero, a decentralized collaborative coding platform that leverages its RL-Swarm network of proposer, solver and evaluator AI models to transform AI programming. The system’s model-based reward mechanism assesses code structure and logic without execution, shortening evaluation cycles, reducing computational costs and enhancing security. By eliminating compilation delays, CodeZero accelerates development and enables multiple specialized AI models to teach and learn from each other. This decentralized collaborative coding environment promises to improve code quality through collective intelligence, democratize access to AI-assisted programming, and support multi-language development. Challenges include achieving model consensus across languages and maintaining architectural robustness. Gensyn plans broader accessibility in coming months, marking a key step in AI programming evolution.
Neutral
Gensyn CodeZerodecentralized collaborative codingAI programmingRL-Swarm networkmodel-based reward

Ethereum’s Falling Wedge Signals Potential $5,000 Breakout

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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.
Bullish
EthereumTechnical AnalysisFalling WedgeMACDInstitutional Accumulation

Ethereum Fusaka Upgrade: PeerDAS & Progressive Scaling

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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.
Bullish
EthereumFusaka UpgradeScalabilityPeerDASLayer-2

Chain Code Delegation: Privacy and Control in Bitcoin Key Custody

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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.
Bullish
chain code delegationBitcoin custodyBIP32 derivationprivacysecurity

Crypto Regulation: EU MiCA, US Enforcement, China eCNY

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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.
Neutral
crypto regulationMiCAUS enforcementChina eCNYstablecoin oversight

Domain Energy to Buy 5.56% Stake in VAX for HKD 100M

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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

SEC Unveils Four-Tier Token Classification, Replacing Blanket Crypto Rules

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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.
Bullish
SECCrypto RegulationToken ClassificationHowey TestTokenized Securities

Binance to Support Ethereum Network Upgrade and Hard Fork

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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.
Neutral
BinanceEthereum UpgradeHard ForkETH MaintenanceCrypto Exchange

Institutional Tokenization Enters a BTC-Independent Era

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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.
Bullish
TokenizationInstitutional InvestorsReal-World Assets24/7 SettlementRegulatory Uncertainty

Taiwan Investigates Seized Bitcoin for Hold vs. Sale Plan

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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.
Neutral
TaiwanSeized BitcoinCrypto RegulationAsset ManagementBitcoin Liquidation

High-Beta Crypto ETF STCE Gains Support & Seasonal Tailwinds

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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.
Bullish
STCECrypto ETFHigh-BetaTechnical AnalysisSeasonal Tailwinds

EEA Dinner Fosters Ethereum Interoperability & Adoption

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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.
Neutral
Enterprise Ethereum AllianceEthereum InteroperabilityInstitutional AdoptionDeFi NetworkingBlockchain Events

Bitcoin price rebounds to $105k as Binance sees massive BTC withdrawals

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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.
Bullish
BitcoinBinanceBTC withdrawalsResistance levelMarket analysis

Japan Exchange to Curb Cryptocurrency Hoarding

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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

EU launches DMA antitrust probe into Google news ranking

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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 Recover $20M After $100M Balancer Breach

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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

BITO ETF’s Yield Strategy Fails in Bitcoin Downturn

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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.
Bearish
BITO ETFProShares Bitcoin ETFCrypto WinterCovered CallsYield Strategy

Ethereum’s Taylor Gerring Receives $15.4M in ETH

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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.
Bullish
EthereumETH TransferFounder ActivityOn-Chain AnalysisMarket Sentiment

New Crypto Coins: Apeing Whitelist Opens & XRP’s $4B Rally

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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 Cap Drops Below Bitcoin; mNAV Falls Under 1×

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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.
Neutral
MicroStrategyBitcoinmNAVConvertible BondsPreferred Shares

Risk Managers Could Turn Bitcoin ETF Rally into Sell-Off

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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.
Bearish
Bitcoin ETFInstitutional InvestmentFund OutflowsMarket RiskRisk Management

Leap Therapeutics Rebrands to Cypherpunk, Buys $50M Zcash

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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.
Bullish
Cypherpunk TechnologiesZcashWinklevoss CapitalCrypto Treasury StrategyStock Surge

Shodai Network Secures $2.5M Seed Round: Consensys & Lubin

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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.
Bullish
Seed FundingCrypto FinancingShodai NetworkConsensysJoseph Lubin

US House Ends Shutdown, Clears Way for Crypto ETF Approvals

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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