Crypto News

Upbit is finalizing a KRW 20 trillion stock-swap merger between Naver Financial and Dunamu, its parent company, subject to FSS and FTC approval. The boards of Naver and Dunamu will meet on Nov 26, with a press conference on Nov 27 to confirm the deal. Once closed, Upbit will become a wholly owned subsidiary of Naver, integrating fintech services with its 70% share of South Korea’s crypto market. Upbit plans to file for a Nasdaq IPO, following peers such as Circle (CRCL), Bullish (BLSH) and Gemini (GEMI), with Kraken eyed for 2026. This Nasdaq IPO drive positions Upbit for greater US market exposure and potential capital inflows, although regulators will assess financial risks, competition concerns and the blending of licensed payment and virtual asset services.

MSCI’s proposed index exclusion of crypto treasury firms—set for a January 2026 decision—would force passive funds tracking its benchmarks to dump MicroStrategy stock, risking $2.8 billion in outflows for MSTR and up to $8.8 billion across peers. The plan enters public consultation through December, with JPMorgan analysts warning that forced selling could depress MSTR’s share price and impair its capital-raising ability. In response, the Bitcoin community—including high-profile advocates Grant Cardone and Max Keiser—has launched a JP Morgan boycott, urging clients to withdraw funds and shift capital into Bitcoin and MicroStrategy shares. Traders should watch for MSCI’s formal rule announcement and any JPMorgan response, as index-driven rebalancing may trigger concentrated equity selling and short-term volatility in both MSTR and Bitcoin. This MSCI exclusion and JP Morgan boycott highlights the growing influence of index-tracking flows on crypto assets. Crypto traders should monitor market liquidity and potential downward pressure on BTC prices amid passive outflows tied to MicroStrategy.

ADAPT blockchain network aims to digitalize Africa’s trade. It leverages stablecoins for cross-border payments, stores digital trade documents, and manages interoperable digital identities. Backed by AfCFTA, the African Union, Tony Blair Institute, World Economic Forum and IOTA Foundation, the platform targets all 55 African countries by 2035. Pilots launch in 2026 in Kenya, Ghana and a third nation, with full rollout from 2027 to 2035. ADAPT is projected to add $70 billion in annual intra-African trade, cut customs clearance from 14 days to under 3, and slash payment costs below 3%. The initiative builds on national digital ID schemes in Nigeria and Ethiopia and prior tests in the UK and Netherlands. With an estimated 75 million crypto users by 2026 and stablecoins accounting for 43% of Sub-Saharan transactions, ADAPT’s blockchain and stablecoin infrastructure is poised to unify fragmented payment systems, reduce reliance on correspondent banking, and accelerate digital trade across the continent.

Bitcoin Spot ETF Outflows extended into a fourth consecutive week, with net withdrawals of $1.22 billion in the period ending November 21, bringing November’s total to $4.34 billion. BlackRock’s IBIT fund led redemptions with $1.09 billion withdrawn, including a single-day $523 million exit as BTC slid from $95,600 to $82,200. Bitcoin has since recovered to around $87,300 but remains in a fragile $85,000–$90,000 consolidation. Ethereum spot ETFs saw a third week of outflows totaling roughly $502 million, while Solana and XRP ETFs bucked the trend with inflows of $128 million and $180 million respectively. These patterns underscore sustained institutional risk aversion and ongoing pressure on market liquidity.

Economist Peter Schiff warns that a large Bitcoin sell-off by long-term holders to so-called “weak hands” will intensify future market pullbacks. In October, whales and other OGs offloaded over 400,000 BTC, pushing prices below $85,000. Exchange inflows remain high, signaling sustained sell pressure. Notable liquidations include early adopter Owen Gunden’s 11,000 BTC exit and Robert Kiyosaki’s $2.25 million BTC sale, though Kiyosaki plans to recycle gains into income-generating ventures. Bitfinex analysts attribute the short-term correction to whale selling and leveraged liquidations, even as institutional demand stays firm on Bitcoin’s fundamentals. Sigma Capital CEO Vineet Budki warns retail weak hands may capitulate, potentially triggering up to a 70% drawdown in the next bear market. This Bitcoin sell-off underscores rising price volatility and the risk of deeper corrections for traders.

New Zealand will integrate digital currency education into its national financial literacy curriculum from 2026, making it compulsory for students in Years 1–10 by 2027. The program covers blockchain fundamentals, token mechanics, market indicators and modern payment systems. Younger pupils will learn basic concepts like earning, saving, spending and bank account management, while older students will tackle investments, interest, taxation and risk management. Developed with input from local blockchain educators, fintech firms and national financial bodies, the curriculum uses mock digital wallets and token portfolios for practical simulations. The Ministry of Education partners with the Retirement Commission and other education agencies to deliver free teacher training and resources. By reaching 800,000 students annually, New Zealand aims to close the financial literacy gap and foster early crypto and blockchain proficiency. For crypto traders, this move signals growing mainstream acceptance of digital assets and could expand future market participation. Early exposure to digital currency education may boost long-term market demand and literacy, reinforcing positive trends for the crypto sector.

Cryptographer Adam Back says Bitcoin quantum threat remains decades away. Current quantum computers are noisy and lack qubits to break SHA-256 encryption. Experts estimate 4,000 logical qubits are needed to crack RSA-2048—but real systems yield only about 48. Back predicts at least 20–40 years before quantum computing poses a real risk to Bitcoin. In response to Chamath Palihapitiya’s 2–5 year forecast, he notes Bitcoin can integrate NIST-approved post-quantum cryptography via network upgrades. While ’store now, decrypt later’ attacks raise long-term data security concerns, planned adoption of post-quantum algorithms will safeguard the network. Back even speculated quantum advances could one day reveal Satoshi Nakamoto’s identity by reactivating dormant funds. Traders can treat the Bitcoin quantum threat as a distant issue and keep focus on current market dynamics.

Digitap $TAP presale has opened a whitelist, positioning itself as the world’s largest crypto banking ICO. The omnibanking platform unifies fiat and crypto in a single app. It offers multi-currency IBANs, instant global transfers, offshore accounts and integrated debit/credit cards with Apple Pay and Google Pay. Users also benefit from a built-in crypto exchange and a secure multi-chain wallet. At the core is the $TAP token with a fixed two-billion supply. Digitap commits 50% of revenue to token buybacks and burns, reducing supply and supporting long-term value. Early investors saw up to 336% gains; the current presale stage is priced at $0.0313 with a confirmed launch price of $0.14, offering potential upside of around 370%. Digitap $TAP presale also features staking rewards of up to 124% APR during the event and 100% APR after launch. Over $1.84 million has been raised and 80% of tokens are sold. By targeting the $250 trillion cross-border payment market and the $860 billion remittance sector, this crypto banking ICO delivers real utility and diversification for traders amid market volatility.

Ethereum fell below $2,800 on OKX on November 21, sliding 5.30% intraday to $2,799.01. On November 24, ETH again dipped under $2,800, trading at $2,799.95 after a 1.29% intraday decline. These pullbacks underscore renewed bearish pressure and ongoing market volatility. Traders should watch key support at $2,700 and monitor liquidity and on-chain metrics for recovery signals or further downside.

On-chain analytics firm Santiment reports Bitcoin sentiment has plunged to its lowest since December 2023, as bearish comments on X, Reddit and Telegram now outnumber bullish ones. The downturn reflects mounting retail panic following Bitcoin’s price correction into the mid-$80,000 range and repeated failed recovery attempts that have produced lower highs and lows. Last week, 20,000 BTC (~$2 billion) moved to exchanges, signaling increased sell pressure. Analysts warn that ongoing spot Bitcoin ETF outflows and muted whale activity could drive further downside, although some forecasts view the dip as a potential end to the four-year cycle paving the way for a new uptrend. Bitcoin traded near $85,500, up 1.3% over 24 hours. Traders should watch Bitcoin sentiment levels, social sentiment and on-chain data for rebound signals or signs of deeper sell-offs.

Chain data shows that mid-term Bitcoin holders (coins held 3–5 years) are driving a 13% Bitcoin price drop and 49,300 BTC in ETP outflows. Meanwhile, Bitcoin coins held over five years have grown by 278,000 BTC over two years. Whale segmentation reveals addresses with 10k–100k BTC reduced holdings by up to 11% over 12 months, while 100–1k BTC holders increased positions by 23%. Short-term whales even turned net buyers in the past 30–90 days. Futures open interest rose 6% in November, but perpetual funding rates and basis costs plunged (–20% BTC, –32% USD), and the Fear & Greed Index hit a multi-year low. NUPL metrics match past panic levels, suggesting oversold conditions. The sell-off has washed out speculative bets, offering traders a potential entry point.

Macro strategist Lyn Alden says the crypto market is unlikely to face a major capitulation as prices remain below euphoric levels. She argues the crypto market’s performance hinges on broader macro trends and sustained institutional interest rather than the traditional four-year Bitcoin halving cycle. On the What Bitcoin Did podcast, Alden dismissed halvings as the primary driver, a view shared by Bitwise CIO Matt Hougan, who anticipates several more years of upside. In contrast, Sigma Capital CEO Vineet Budki warns of a 65–70% BTC retracement over two years. Bitcoin has slid about 22–22.5% from its October/$125,100 peak to $85,700, denting sentiment. Alden advises traders against expecting extremes, forecasting BTC to reclaim $100,000 in 2026 and hit new highs by 2027.

The Coinbase wallet migration has completed for Bitcoin (BTC) and Ethereum (ETH), moving funds from flagged legacy addresses to new secure internal wallets. Users saw no service interruptions: deposit and withdrawal addresses remain unchanged, ensuring uninterrupted trading and transfers. During the Coinbase wallet migration, traders should stay alert to phishing attacks, as Coinbase will never ask for passwords, 2FA codes or direct transfers. This security upgrade, not driven by any breach or market volatility, follows best practices to rotate wallets and minimize exposure. The migration highlights Coinbase’s commitment to institutional-grade security and platform stability.

Bitcoin surged past $85,000 on OKX, reaching $85,016 intraday, reflecting bullish momentum driven by institutional demand and strong buying pressure. Traders should monitor support around $83,000 and resistance at $86,000, watch if the $85,000 level holds for clues on further upside, and gauge short-term volatility using order book depth and funding rates. Continued institutional interest may fuel additional gains and spill over into altcoins.

On November 21, 2025, a Cardano glitch slowed mainnet block production for about an hour, underscoring network stability concerns ahead of the December 8 Midnight sidechain launch. IntersectMBO, the primary maintainer, reported on X that a cryptographic library bug discovered in the Preview environment triggered hash size inconsistencies and a peer-selection error. Operators running Cardano Node versions 10.3.1 and above were urged to upgrade to 10.5.2 immediately to restore normal block processing. Nodes still on version 10.1.4 experienced partial halts, but updated nodes continued transaction processing via a “ghost chain.” Daedalus wallet users remained unaffected. Rapid interventions by IntersectMBO, the Cardano Foundation and IOG aimed to resolve the fork and reinforce network resilience. The glitch sent the ADA price tumbling over 13% in 24 hours, dipping under $0.40 to test a critical $0.30 support level. Technical indicators now show an oversold RSI and bearish MACD crossover, with key resistance near $0.44. Traders are monitoring ADA price action closely for algorithmic triggers that could drive further downside.

Zcash (ZEC) has delivered astonishing gains, surging 700% in late 2025 and over 1,000% year-to-date before a recent 24% correction as the broader crypto market fell below $2.9 trillion. On-chain data show shielded pool assets jumped from 2.66 million to 4.98 million ZEC and weekly private transactions leaped from 30–40 k to 460 k, reflecting growing demand for privacy. Derivatives markets drove Zcash volatility: futures open interest peaked at $1.38 billion before sliding to $861.5 million, with $236.6 million flowing out and $32.95 million in forced liquidations. The OI-weighted funding rate swung from ‑0.4192% (triggering $51 million in short squeezes) to +0.0195%, hinting at a potential rebound. Despite the pullback, spot retail investors bought $72 million in ZEC, signalling bullish sentiment. The Money Flow Index (MFI) remains above 50, marking a demand zone between $440 and $507, while the Chaikin Money Flow (CMF) shows rising selling pressure that could push prices lower if it turns negative. Traders should monitor Zcash funding rates, MFI and CMF alongside support levels in the $440–$507 range. A sustained positive funding rate and MFI above 50 may fuel a reset and bullish continuation, whereas a negative CMF or reversal in funding dynamics could trigger deeper corrections.

Spot Bitcoin ETFs in the US reversed a five-day outflow streak midweek, logging a $75.5 million net inflow on Wednesday led by BlackRock’s IBIT and Grayscale’s Mini Bitcoin Trust. By Friday, Bitcoin ETFs posted a $238 million net inflow, driven by Fidelity’s FBTC (+$108 M) and Grayscale’s Mini Trust (+$84.9 M), while BlackRock’s IBIT saw its first $122 million outflow since launch. This week, Bitcoin ETF flows totaled roughly $314 million, offsetting earlier November outflows that reached $2.26 billion mid-month and $3.5 billion for the month. Bitcoin’s price slid from $92,200 to $84,068 — a 23% drop in a month and a 12% weekly decline. Crypto market cap fell below $3 trillion, and derivatives liquidations hit $630 million, led by long positions. Fed rate-cut odds climbed from 33.8% to 69%, fueling risk-on sentiment. According to Kronos Research, Bitcoin ETF movements reflect position adjustments rather than institutional capitulation, suggesting renewed buying interest.

MicroStrategy is under MSCI review for potential exclusion from key benchmarks like MSCI USA, MSCI World and the Nasdaq 100 due to its Bitcoin holdings exceeding 50% of total assets. A final decision by January 15 could trigger $2.8–$8.8 billion in passive outflows, reducing institutional demand and raising funding costs. The move may heighten volatility across MicroStrategy shares and Bitcoin. CEO Michael Saylor insists MicroStrategy is an operating enterprise—with a $500 million software arm and a structured finance model that issued $7.7 billion in digital credit securities—not a fund or trust. He reaffirms his conviction in Bitcoin and the firm’s mission to build a pioneering Bitcoin-backed structured finance company. Traders should monitor MSCI’s ruling for its immediate impact on liquidity and Bitcoin price movements.

Over 65 crypto and blockchain organizations—including Coinbase, Uniswap Labs, Pantera, the Blockchain Association, Solana Foundation and Paradigm—have sent a joint letter to President Trump urging immediate executive action to clarify crypto regulation and digital asset tax rules. The coalition asks key agencies—the SEC, CFTC, Treasury, FinCEN, FTC and DOJ—to: treat staking and mining rewards as self-created property taxed only upon sale or conversion; adopt a de minimis carve-out (e.g. $600) to exempt minor transfers; clarify that wrapping, bridging, cross-chain transfers, forks, airdrops, collateral moves and liquidations do not trigger tax events; issue no-action letters and launch regulatory sandboxes for permissionless protocol developers and self-custody services; restate that the Bank Secrecy Act does not apply to non-custodial software; and drop charges against Tornado Cash developer Roman Storm. The letter commends the administration’s reversal of the IRS Broker Rule and approval of the GENIUS Act, stressing that swift administrative guidance on crypto regulation and taxation is essential to reduce uncertainty, boost market confidence and maintain US leadership in digital assets as long-term rulemaking proceeds.

Digital Asset Treasuries (DATs) now hold over $117 billion in BTC, ETH and SOL, yet relying solely on mNAV (market cap / net asset value) can obscure true performance drivers. Our unified analysis introduces a dual evaluation framework that separates fundamental NAV growth from market sentiment and rigorously assesses treasury issuance discipline. Key metrics include NAV, mNAV, per-share digital asset accumulation, share issuance impact and debt adjustments. Leading DATs such as MSTR, BMNR and HSDT sustain per-share asset growth through prudent capital issuance, while lower-tier issuers face steep discounts amid dilution and sentiment shifts. Critical data gaps—warrants, PIPE timing and on-chain disclosures—distort NAV and hinder transparency. We advocate for standardized SEC filings, structured data feeds and enhanced on-chain reporting. Crypto traders should apply this comprehensive model to identify sustainable value creators in the DAT sector and avoid emotional traps that can erode returns.

At Regulation Day 2025 in Buenos Aires, part of Devconnect ARG’s Ethereum World’s Fair, crypto exchange Bybit urged user-centric crypto regulation across Latin America. The forum gathered over 1,500 regulators, legislators and industry leaders, including representatives from Bitso, Belo and the Ethereum Foundation. Bybit LATAM CEO Patricio Mesri stressed stablecoins’ role in enhancing financial inclusion and boosting consumer confidence. Senior Policy Director Mykolas Majauskas called for protective regulation paired with innovation to unlock digital assets’ potential in real economies. Speakers highlighted Argentina’s progressive stance, with $93.9 billion in crypto transactions from 2024 to mid-2025, second only to Brazil in the region. Discussions on public-private collaboration emphasized the need for clear crypto regulation frameworks that foster sustainable market growth and mainstream adoption.

Pi Network has updated its whitepaper and filed a registration under the EU’s Markets in Crypto-Assets (MiCA) framework, designating its PI token as a utility asset compliant with EU MiCA standards. The revised whitepaper introduces robust KYC/KYB procedures, third-party audits, fraud prevention measures, and a non-custodial wallet, alongside a low energy footprint and an ETP launch on Sweden’s Spotlight Stock Market. Following the MiCA filing, the PI token surged 15% on trader expectations of faster listings across EU and EEA exchanges once vetted by ESMA. However, some community members voice concerns over stricter KYC requirements and potential centralization risks. Traders should monitor the network’s transition from testnet to mainnet, ESMA’s review timeline, and governance updates as these factors will influence PI’s volatility and long-term liquidity in regulated European markets.

Memecoin market crash deepened this week as the sector’s total cap tumbled to $39.4 billion after a $5 billion sell-off. This marks a 66% fall from January’s $116.7 billion peak. Trading volume spiked 40%, but prices across major tokens—DOGE, SHIB, PEPE, BONK, FLOKI, SPX6900, PENG and WIF—dropped 11%–20%. The broader crypto market cap slid from $3.77 trillion to $2.96 trillion, wiping out $800 billion. Bitcoin and Ethereum fell 15% and 16%, while the NFT market cap hit $2.78 billion, its lowest since April. Leading NFT collections plunged 27%–41%; only Infinex Patrons and Autoglyphs bucked the trend. New meme token JESSE raised just $17.17 million on launch, signaling fading hype. In response to the memecoin market crash, traders favor bearish setups on broken supports and RSI-based oversold entries, reflecting heightened risk aversion and crypto volatility.

HBAR initially plunged 5.9% as institutional selling at the $0.1500 support triggered a technical breakdown, driving trading volume 71% above the 20-day average. The token formed a double bottom at $0.144 but faced new resistance at $0.1512. In a late-session rebound, volume collapsed to 3 million, suggesting smart-money accumulation around $0.145. However, the bearish trend intensified on Nov.21 when sellers unloaded 250.3M HBAR at 07:00 GMT. The surge in volume—98% above the 24-hour average—broke the $0.1350 support, turning it into a $0.1400 resistance. HBAR now trades within a descending channel, repeatedly testing the $0.1277–$0.1281 floor, with $0.1250 as the next downside target if broken. Traders will watch resistance at $0.1350 and $0.1400 for potential retracements.

Crypto Fear & Greed Index has plunged to 11, its lowest reading ever, marking extreme panic among investors. The index, which measures market sentiment on a 0–100 scale by analyzing volatility, trading volume, momentum, social media sentiment, Bitcoin dominance and search trends, fell from 14 to 11 over recent days. Historically, readings in extreme fear territory have preceded market rebounds, presenting potential buying opportunities for crypto traders. To leverage this signal, traders may consider dollar-cost averaging into fundamentally solid projects, setting strict risk management rules and avoiding emotional trades. While the index updates daily and provides real-time market sentiment, it should supplement comprehensive investment strategies rather than replace them.

US authorities, led by the Department of Homeland Security, have opened Operation Red Sunset to assess national security risks posed by Bitmain ASICs. The probe investigates whether the China-based firm’s mining hardware can be remotely controlled for espionage or to disrupt the US power grid. Controlling over 80% of the global Bitcoin ASIC market, Bitmain has already seen shipment delays that hit publicly traded mining firms. Affected operations include major US mining ventures backed by the Trump family. Lawmakers call for a Treasury review of Chinese-linked crypto companies, citing state ties. Bitmain denies any remote-control capabilities and asserts compliance with US laws. Outcomes from this probe could drive new regulations on foreign mining equipment, alter the competitive landscape, and trigger hardware supply concerns. Traders should watch for potential Bitmain ASICs shortages and policy shifts that may impact Bitcoin mining profitability.

Trump-backed WLFI froze 272 user wallets in September after a pre-launch phishing attack compromised third-party mnemonic keys. The WLFI wallet freeze targeted 215 phishing-linked wallets and 57 additional compromised accounts. Under its emergency measures, only KYC-verified users will receive fund reallocation, while non-verified accounts remain locked. WLFI stressed its smart contracts were secure. The unilateral intervention has split traders, reigniting debate over community governance versus centralized control. Traders should monitor the WLFI wallet freeze governance model and KYC policy, as governance disputes can affect market confidence and platform adoption.

Dogecoin plunged 7.42% to a multi-month low of $0.149, breaking its $0.155 support as trading volume jumped 18%. While bearish pressure dominated, on-chain data shows whales accumulated 4.72 billion DOGE (about $770 million) over two weeks. Exchange net inflows flipped positive for the first time in six months—historically a capitulation signal. Technical indicators reveal divergence, with rising RSI lows and weakening MACD downside momentum. Traders now watch the DOGE ETF Section 8(a) decision due in a week, eyeing the $0.150–$0.155 zone. Approval could drive Dogecoin to $0.162–$0.165, while a rejection or sub-$0.150 close may test $0.115–$0.085. Monitoring whale moves and net flows will guide short-term DOGE trading strategies.

At CCCC 2025 in Lisbon, top Web3 innovators and crypto content creators gathered for a three-day summit on AI-driven monetization strategies. The event focused on crypto creator monetization powered by AI and evolving affiliate marketing. Bybit CEO Ben Zhou opened with a keynote on affiliate marketing fundamentals: attention, value and conversion. He predicted the rise of regulated “Finfluencers.” Panels with Yango, First Round and Dragonfly highlighted how AI-driven monetization levels the playing field. Experts urged audience-first, data-driven content and cross-platform ecosystems. Nas Daily founder Nuseir Yassin shared tactics to triple content output with AI and localize messaging for authenticity. Day two featured a live judging panel led by Coin Bureau’s Nic Puckrin. Rising Web3 creators were evaluated on narrative originality. A fireside chat with Dr. Maye Musk stressed authenticity as the foundation for sustainable income. The summit underscored authenticity in crypto creator monetization for long-term growth. It closed with awards for innovation and community building and set the stage for enhanced creator tools in CCCC 2026.