Crypto News

SoFi secured a US national bank charter in January 2022 from the OCC and Federal Reserve. It became the first SoFi crypto bank to absorb low-cost retail deposits. Funding costs dropped by up to 5 percentage points. Deposits grew from $1.2 billion in Q1 2022 to $21.6 billion by end-2024. After a three-year pause, SoFi relaunched Bitcoin (BTC) and Ethereum (ETH) trading on November 11, 2025. It now offers savings, loans, investments and crypto trading in one platform. Plans include issuing a fully reserved USD stablecoin in 2026 and adding blockchain tools to its services. This surge in services and regulatory clarity drove SoFi crypto bank’s stock up 116% YTD to a $38.9 billion market cap. Traders see it as a model for regulated crypto banking. The development highlights mainstream adoption and institutional support.

OKX co-founder Star Xu has offered a 10 BTC bounty to anyone who can prove a hidden backdoor in the OKX Wallet, responding to allegations that the software exposes private keys and funds. The claim, first made by a OneKey security researcher, prompted Xu to invite experts to audit the open-source wallet code, reinforcing OKX’s security and transparency commitments. The bounty launch aligns with OKX’s CeDeFi rollout, which adds in-app DEX trading on Solana, Base and X Layer networks with zero gas fees and a centralized order book. OKX Wallet now supports login via Google, Apple and proprietary authentication, and the platform has addressed unverified scam rumors in its X Layer ecosystem. Despite past user complaints over account freezes and OKB token buyback transparency, OKX maintains a 10/10 rating on CoinGecko, processes $1.5 billion in daily trades, serves 60 million users and holds $35 billion in reserves including BTC, XRP and USDT. OKB trades near $115, down 55% from recent highs; traders will watch if it can reclaim $120 support while awaiting results of an independent security audit. The 10 BTC bounty underscores OKX’s confidence in its wallet security and its readiness to meet any backdoor claims head-on.

Zhao’s attorney Teresa Goody Guillen has denied any secret Bitcoin payment to secure a Trump pardon. She pointed to blockchain transparency: any Bitcoin payment would be visible on public ledgers. There is no on-chain evidence linking Binance or Zhao to a clandestine transfer. Zhao received a presidential pardon after serving part of a four-month sentence for Bank Secrecy Act violations. This outcome matches standard legal practices, according to Guillen, and differs from unverified claims of impropriety. Reports tying Binance’s partnership with World Liberty Financial and the Trump family to hidden crypto payments are also unfounded. Critics, including Senator Elizabeth Warren, questioned the timing of the pardon but cited no blockchain data. Comprehensive analyses and U.S. regulatory filings show no anomalous Bitcoin payment or transfers during the relevant period. Binance reinforces its commitment to compliance and transparency, underscoring the value of verifiable data over speculation.

Iran has launched a plan to bypass US and UN cryptocurrency sanctions by settling trade with BRICS partners in digital assets. At the government-backed deBlock Summit, Parliament Speaker Mohammad Bagher Ghalibaf touted cryptocurrency as a decentralised, sanctions-proof payment tool. He pledged collaboration with universities, tech firms and researchers to build domestic blockchain infrastructure and attract foreign investment. Private executives, including Wallex Iran CEO Ehsan Mehdizadeh, warned that unclear regulations and Central Bank limits on rial-to-crypto conversions could stifle market growth. The summit also approved new crypto mining licences but exposed disputes over energy subsidies. Despite India’s rejection of alternative currency schemes, Tehran views digital currency trade as key to de-dollarisation and resilient cross-border settlement. Traders should track regulatory updates, liquidity shifts and mining output in Iran’s emerging blockchain hubs. Growing crypto adoption in a heavily sanctioned economy may boost global hash rates and demand for major digital assets.

The U.S. Department of Justice has dismantled a North Korea crypto scam by seizing $15.1 million in USDT traced to the state-backed APT38 hacking group. The funds link to high-profile crypto hacks in 2023, including the $100 million Poloniex breach, the $37 million CoinsPaid attack, the $60–100 million Alphapo theft and a $138 million Panama exchange heist. Total losses from these crypto hacks exceed $380 million. In parallel, five operatives—three in Georgia, one in Washington, D.C., and one in Florida—pleaded guilty to identity theft after selling stolen or falsified U.S. identities. This scheme embedded North Korean IT workers at 136 American firms, generating $1.28 million in illicit salary payments. The DOJ continues to trace laundered funds through cross-chain bridges, mixers, exchanges and OTC desks, while one defendant has already forfeited over $1.4 million in assets. By 2025, North Korea is estimated to have stolen over $2 billion in cryptocurrency, exploiting sanctions and covert infiltration to fund its defense programs. This DOJ action underscores rising cybersecurity vigilance, foreshadowing tighter compliance measures around stablecoins and identity verification in the crypto market.

Multicoin Capital’s liquidity fund has acquired ENA, Ethena’s native token, to support USDe, a synthetic dollar stablecoin offering over 10% annual yield. Unlike USDC and USDT, USDe employs a delta-neutral basis trading strategy on US Treasury futures. In two years, its supply surged to $15 billion, becoming the third-largest digital dollar. USDe is accepted as collateral on Binance and Bybit. Ethena’s convergence of stablecoins, perpetual contracts and asset tokenization, coupled with robust risk controls proven through market shocks, drives its growth. With JPMorgan forecasting interest-bearing stablecoins to claim up to 50% of the market and upcoming governance proposals directing protocol fees to token holders, USDe is well-positioned to capture leverage demand as DeFi and fintech platforms embrace decentralized perpetuals.

Dunamu Q3 profit jumped 300% YoY to 239B won ($165M), with net income up 145% QoQ, on 35% higher revenue (266B won) and a 54% rise in operating profit. Dunamu Q3 profit performance was driven by Upbit’s BTC and ETH trading volumes rebounding alongside a global crypto rally. US regulation—including the Genius Act, Clarity Act and Anti-CBDC Bill—has improved investor confidence and drawn institutional flows. External audits since 2022 have strengthened transparency, fortifying trust ahead of Naver Financial’s planned share-swap acquisition. These factors highlight the impact of regulatory clarity on trading volumes and market stability within Upbit’s ecosystem.

Aster DEX has clarified that its tokenomics remain unchanged after CoinMarketCap mistakenly updated circulating supply data, suggesting delayed ASTER token unlocks—200 million in December 2025 and billions more in 2035. The team explained that since the Token Generation Event, monthly token unlocks have occurred as scheduled, but unused tokens stayed in a locked wallet and did not enter circulating supply. To enhance transparency, Aster will transfer all unlocked tokens to a dedicated public unlock address, with no immediate spending plans and future token use to be publicly disclosed. As of November 15, 2025, ASTER trades at $1.13, with a 24-hour volume of $555 million and a market cap of $2.2 billion, below its $2.41 all-time high. By proactively clarifying its unlock schedule and improving on-chain visibility, Aster aims to restore investor confidence and curb FUD ahead of large unlock events.

Kraken IPO remains on hold as the crypto exchange reports a robust balance sheet and $15B valuation from its 2024 venture round. Co-CEO Arjun Sethi told Yahoo Finance the privately held firm, which has raised $530M since 2011, sees no need for a U.S. IPO or extra capital. Despite peers like Gemini, Bullish and eToro pursuing public listings, Kraken IPO timing is unaffected by market FOMO or recent Bitcoin and Ethereum price corrections. Sethi emphasized that all digital assets follow evolving price curves and urged traders to weigh the logic of holding crypto over cash or equities. The exchange may explore strategic acquisitions before considering an IPO. This stance underscores Kraken’s focus on market stability, financial resilience and long-term independence in the evolving crypto sector.

Binance has integrated BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) stablecoin as off-exchange trading collateral, enabling institutional traders to earn near 4% yield on U.S. Treasury-backed assets while trading. Issued via Securitize and bridged across Ethereum, Solana, Arbitrum, Aptos and soon the BNB Chain using Wormhole, BUIDL offers multi-chain interoperability and capital-efficient, yield-bearing collateral. The move supports Binance’s 297 million users, meets regulatory compliance, and enhances capital efficiency through services like Banking Triparty and MirrorRSV. On-chain data show Binance’s stablecoin reserves rose by $5.76 billion in 30 days, underscoring increased liquidity and competitive positioning against USDT and USDC. This partnership marks a key step in TradFi and DeFi convergence, promising improved market stability and confidence for crypto traders.

MicroStrategy’s executive chair Michael Saylor has publicly denied that the firm sold any Bitcoin during a recent market dip. A 58,915 BTC wallet transfer (valued at $5.77 billion) spurred sell-off rumors, but Arkham Intelligence and Nansen confirmed it was a custodial reorganization and wallet rebalancing. SEC filings reveal MicroStrategy added 487 BTC at an average price of $102,557, bringing its total holdings to 641,692 BTC. MicroStrategy’s Nasdaq-listed stock (MSTR) dropped over 17% to $205.38 amid Bitcoin volatility. BTC briefly rose above $106,000 on US funding optimism before dipping below $100,000 after the deal closed. The company’s net asset value (NAV) fell below 1 before rebounding to 1.09, indicating shares briefly traded at a discount to Bitcoin reserves. Analysts, including Willy Woo, downplayed liquidation fears. Woo forecasts no forced Bitcoin sale if MSTR trades above $183.19 by 2027 (equivalent to $91,500 per BTC at 1× NAV). Traders should use robust on-chain analysis, track NAV metrics and corporate Bitcoin accumulation strategies to avoid market panic.

Zcash has surged 1,500% over the past three months to $677, with an $11 billion market cap as the 18th largest cryptocurrency. This rally is driven by advanced privacy technology, including zk-SNARKs shielded transactions, selective disclosure, and optional view-keys. The recent halving event cut new ZEC supply, adding bullish momentum. Zcash’s Orchard protocol has expanded the shielded pool, boosting anonymity while maintaining blockchain verification. Trading volume has climbed over 200% amid growing demand for privacy coins under regulatory scrutiny. High-profile endorsements from Edward Snowden and Solana ecosystem advocate 0xMert underscore Zcash’s compliant privacy model. A debate between privacy advocates and Bitcoin maximalists is intensifying over transparency versus anonymity. Traders should monitor regulatory updates and Zcash’s technical milestones, as ongoing privacy upgrades and halving dynamics suggest further upside potential for ZEC.

On November 14–15, a crypto whale transferred approximately 92.6 million XRP (around $214–223 million) from an unknown wallet to Coinbase, marking the largest single XRP exchange deposit of the year. The move triggered panic selling, driving XRP’s price down over 8% to below $2.30, and spiked 24-hour trading volume by 33% to 7.63 billion XRP. Technically, XRP breached its 50% Fibonacci retracement level at $2.38 and its 7-day SMA at $2.37, while the RSI sat at 48.7 (neutral) and the MACD signaled negative momentum. Critical support now holds at the 78.6% retracement level of $2.21. Traders should monitor subsequent whale-driven on-chain transfers and order-book changes for signs of gradual or bulk selling, as this heightened volatility may present both risk and opportunity in short-term XRP trading.

Blockchain gaming ecosystem SACHI has launched its “The Origin” NFT pre-launch event, minting just 200 SACHI OG NFTs from November 12–17, 2025. This SACHI NFT drop runs on a first-come, first-served basis and grants holders closed beta access, starter in-game perks, permanent “Origin” status with community recognition, and eligibility for future $SACHI token rewards after the Token Generation Event on November 19. By creating scarcity and early access benefits, the drop aims to boost community engagement and position minters as foundational members of SACHI’s social competition and iGaming universe ahead of the $SACHI token launch.

R25 has launched its RWA-backed yield-bearing stablecoin rcUSD+ on Polygon. The rcUSD+ stablecoin maintains a 1:1 USD peg while generating returns from a diversified portfolio of money market funds and structured notes. Yields are automatically distributed to token holders on-chain. Deployed exclusively on Polygon, rcUSD+ taps into the network’s deep liquidity, low fees and institutional-grade infrastructure. The token can be used as collateral, in liquidity pools and as a payment rail, providing a new DeFi primitive. Institutional investors gain a compliant entry point into DeFi yields, while retail users access transparent, on-chain returns. The launch bridges traditional finance and Web3, enhancing Polygon’s stablecoin ecosystem. Absence of an immediate audit report and on-chain verification warrants cautious due diligence.

Michael Saylor has denied that MicroStrategy sold 47,000 BTC during the recent price slide below $95,000, calling the claims “no truth.” He reiterated that MicroStrategy continues to accumulate Bitcoin, holding about 640,000 BTC, the largest corporate reserve. The company’s MSTR stock has fallen over 17% as Bitcoin swung from above $106,000 during the US funding resolution to under $100,000 once the shutdown ended. Analysts warn that macro relief alone may not sustain upward momentum in the current volatile market.

VanEck has filed a Form 8-A with the SEC to list a Solana Spot ETF. This key regulatory step paves the way for a live launch in the coming weeks. Since late October, spot Solana ETFs have drawn $370 million in net inflows over 13 consecutive days. Four Solana Spot ETFs are now active, and ten more await SEC approval. ETF reserves and treasury programs hold over 24 million SOL tokens. SOL trades near $143 after a recent 10% drop. Its high-throughput network and staking yields up to 7% appeal to investors. Grayscale’s GSOL trust has also launched options trading to boost liquidity. Traders should watch for the formal ETF launch and inflow trends, which could drive further altcoin market activity.

MicroStrategy has denied on-chain data suggesting a Bitcoin sell-off and reaffirmed its ongoing BTC accumulation strategy. On November 14, the firm moved 58,915 BTC to new custody wallets, triggering speculation as its mNAV fell below 1 and shares hit annual lows. Executive Chairman Michael Saylor dismissed all selling claims, saying “We are ₿uying” and will announce further purchase details on Monday. Between November 3 and 9, MicroStrategy purchased 487 BTC for $49.9 million at an average price of $102,557. Under its ATM program, the company still holds $46.1 billion in share issuance capacity for future Bitcoin acquisitions. The firm’s balance sheet now includes over 641,000 BTC (about $22.5 billion), with market-to-net-asset value below one, fuelling trader interest in its potential to support Bitcoin prices.

SupraEVM, backed by Coinbase Ventures, has launched a $1 million SUPRA token bounty on top of an existing $40,000 USDC reward for developers building a faster, verifiably correct parallel EVM execution engine than SupraBTM. SupraBTM currently outperforms known solutions like Monad’s 2-Phase Execution, delivering 1.5–1.7× higher throughput and 4–7× speedup over sequential EVM runs under high-conflict DeFi workloads. Entrants must process 100,000 Ethereum mainnet blocks on commodity hardware (up to 16 CPU cores), achieve at least 15% performance gains across 4, 8, and 16 threads, and publish open-source, reproducible benchmarks with audit-ready licensing. Tokens will vest over two years starting in 2027. The SupraEVM initiative underscores a growing focus on parallel EVM execution for blockchain scalability, aiming to boost low-latency DeFi, real-time gaming, and AI-driven on-chain agents.

Coinbase has formally opposed US banking lobbyists’ push to extend the GENIUS Act ban to merchant stablecoin rewards like cashbacks and loyalty points. Policy chief Faryar Shirzad urged the SEC and other regulators to follow the law’s text, warning that banning stablecoin rewards would hamper customer freedom and innovation. Coinbase highlighted that stablecoin payments could save US merchants over $180 billion in annual card fees, reinforcing its push to boost stablecoin payment adoption and secure clear regulation.

On-chain data shows Digitap has sold over 115 million TAP tokens in its presale, raising nearly $2 million at the current price of $0.0297. As one of the top three banking crypto presales by trading volume alongside BFX and RMX, Digitap stands out with its live omni-bank app on iOS and Android, enabling instant crypto-fiat conversion, staking rewards, and non-KYC Visa cards. Its buyback-and-burn tokenomics allocates 50% of platform profits to repurchase TAP tokens—half are burned and half distributed as staking rewards. The presale price will rise to $0.0313 in the next round before a confirmed listing at $0.14, suggesting a potential 4× upside. Compared with BlockchainFX’s cross-chain focus and Remittix’s early remittance service, Digitap’s existing product and real-world utility reinforce its leading position for traders seeking early exposure.

IPO Genie is spearheading the 2025 crypto presale trend by offering retail investors institutional-grade private market opportunities through a utility-focused platform. Built on compliance and transparency, the ecosystem integrates KYC, AML, and on-chain audited smart contracts. The $IPO token features fixed supply, fair vesting, and no surprise minting. A tiered staking model unlocks premium deal access, higher rewards, revenue sharing, and token buybacks that support tokenomics. The presale supports ETH, BNB and USDT deposits via MetaMask or Trust Wallet. Analysts highlight IPO Genie’s multi-stream revenue model—deal fees, fund management, subscriptions and insurance partnerships—as a driver of long-term sustainability. Upcoming launches include Fund-as-a-Service, tokenized IPO index funds, an AI-powered discovery engine, and DAO governance. Expansion to Solana, Base and Ethereum Layer 2 networks aims to boost liquidity and lower fees. Compared to rivals like BlockDAG and Toncoin, IPO Genie stands out by focusing on data-driven deal discovery over pure performance metrics. Crypto presale projects with solid fundamentals often yield robust post-listing gains. Traders should conduct thorough due diligence on token distribution and vesting stages before participating.

Bitcoin Hyper presale has collected over $27.5 million following a record $500,000 whale buy. This latest purchase, the largest single investment so far, follows earlier whale acquisitions of $380,000 and $274,000 in HYPER tokens. Bitcoin Hyper is a Bitcoin layer-2 solution powered by the Solana Virtual Machine. It anchors security on Bitcoin’s blockchain for final settlement, while its SVM-powered layer-2 delivers sub-second confirmation and low fees. Traders can stake HYPER at the current presale price of $0.013275 for a 42% APY. Developers will deploy smart contracts, DeFi protocols, NFTs, and gaming dApps via Rust SDKs and a decentralized Canonical Bridge that mints wrapped BTC. The presale price is set to rise ahead of a mainnet launch scheduled for Q4 2025 to Q1 2026. Growing whale demand and grassroots interest suggest bullish momentum. Traders should watch for exchange listings and whale transactions to gauge potential price moves.

Aave Push has secured MiCA approval from the Central Bank of Ireland, enabling its local subsidiary, Push Virtual Assets Ireland Limited, to provide regulated euro-to-crypto on and off-ramps across the EEA. The fiat-crypto bridge offers zero-fee conversions between euros and stablecoins, including Aave’s native GHO, positioning Aave Push as a competitive alternative to centralized exchanges. This MiCA approval underscores the importance of compliant payment infrastructure in reducing reliance on CEXs and smoothing DeFi onboarding. Under MiCA’s stablecoin framework, effective early 2025, the Aave Push bridge gains regulatory transparency that could attract both institutional and retail users. With the global stablecoin market above $300 billion, Aave processed $542 million in 24-hour volume and holds $22.8 billion in outstanding loans. Aave’s compliance-first strategy may prompt other DeFi protocols to seek MiCA approval, expanding Europe’s regulated crypto infrastructure.

Tether dominance has surged to a $184 billion market cap, its highest since April. Crypto traders are shifting funds into USDT amid an 11% drop in Bitcoin to around $97,000 and broader market volatility. Historically, spikes in Tether dominance signal the start of bear phases and risk-off sentiment, often coinciding with price corrections in Bitcoin and major altcoins. Technical indicators, such as the MACD histogram crossing above zero, have preceded these stablecoin inflows. As trading volumes concentrate in USDT and other stablecoins, overall market activity may stay muted until confidence recovers. Traders should monitor Tether dominance alongside Bitcoin dominance, trading volumes and sentiment metrics to adjust positions and consider rebalancing toward lower-volatility assets when risk-off signals intensify.

BNY Mellon has launched the BNY Dreyfus Stablecoin Reserves Fund, a GENIUS Act–compliant money market fund designed to serve stablecoin issuers. The fund invests at least 99.5% of assets in ultra-safe, short-term U.S. Treasuries, cash equivalents and repurchase agreements, matching one-to-one reserve requirements and maintaining a stable $1 NAV. Open to qualified institutional investors in custodial, trustee or advisory roles, the fund also benefits from Anchorage Digital’s initial subscription and builds on BNY Mellon’s Securitize partnership for tokenized mortgage bonds. With stablecoin market cap exceeding $305 billion—up 68.5% year-on-year—and forecasts of multi-trillion-dollar issuance, the new stablecoin reserve fund bolsters liquidity, transparency and regulatory compliance, supporting market stability and growth.

Bitcoin liquidations surged past $300 million within one hour as the price dipped from near $99,000 to $97,000, following earlier liquidations of $117 million when it fell below $100,000. Over the past 24 hours, forced sell-offs on major futures exchanges wiped out 235,644 leveraged long positions, totaling about $1 billion. The largest single liquidation occurred on HTX’s BTC-USDT market at over $44 million. This surge in Bitcoin liquidations underscores the market’s heightened volatility and the risks of excessive leverage. Traders should monitor margin requirements and funding rates closely to manage potential liquidation risks during sudden price reversals.

Uniswap Labs and the Uniswap Foundation have submitted a governance proposal to activate the Uniswap fee switch. The plan calls for a one-off burn equal to 10% of UNI’s total supply (about $950 million) and redirects one-sixth of future Unichain sequencer revenues (net of L1 data costs and Optimism’s 15% fee) into ongoing buybacks and burns, targeting near-5% annual deflation. The proposal also merges most foundation functions into Uniswap Labs, sets a 20 million UNI annual growth budget, and eliminates front-end, wallet, and API fees. On-chain analysts assign an 80% probability of approval, though legal clarity, LP consensus, and competitor reactions remain hurdles. Uniswap’s DEX market share has slid from over 60% to under 15%, with weekly Unichain volume at a seven-month low of $925 million. Had the fee switch been live last month, over $26 million of UNI tokens would have been burned, driving a 40% price surge. Traders will closely watch the upcoming vote, fee-burn rates, and Unichain volume to gauge UNI’s mid-term valuation, which could range from $15 to $75, and its long-term status as a key Web3 asset or a stable “DeFi bond.” Uniswap Labs may also spin off Unichain into a separate entity to balance regulatory and community interests.

Bitcoin whale selling has picked up since July, with long-term holders sending an average of 26,000 BTC per day to exchanges—up from 12,000 BTC. A recent 2,400 BTC transfer to Kraken by trader Owen Gunden highlights this steady outflow. Analysts at Glassnode view the whale sell-off as late-cycle profit-taking rather than a panic exit. Kronos Research’s CIO Vincent Liu notes that structured sales support market liquidity and healthy profit rotation. On-chain indicators, such as a net unrealized profit ratio of 0.476, suggest a potential short-term bottom and broader market stability. Historical patterns from 2017 and 2021 show similar distribution phases before further rallies. Traders should monitor on-chain data and buyer demand, while considering macro drivers like ETF approvals and corporate demand, to gauge whether this Bitcoin whale selling will trigger a temporary dip or fuel the next leg of the bull run.