Crypto News

Galaxy Digital has lowered its Bitcoin year-end price target for 2025 from $185,000 to $120,000. The firm cites a maturing market with institutional investors absorbing supply through passive ETF flows. Key triggers include the October 10 flash crash, which led to $20 billion in liquidations after a 400,000 BTC whale sell-off, and five straight days of outflows from U.S. Bitcoin and Ethereum spot ETFs totaling over $1 billion. On-chain data show declining spot demand. Competition from gold, AI infrastructure stocks, and stablecoin narratives has also diverted capital from Bitcoin. Despite an 18% correction from October’s all-time high of $126,080 and bearish forecasts as low as $72,000, Galaxy maintains Bitcoin’s market structure remains intact. Traders should expect short-term price pressure but may see a recovery later in the year if ETF inflows and institutional demand persist.

Tron founder Justin Sun has moved 45,000 ETH (≈$154.5M) from AAVE to Lido, staking it as stETH. On-chain data from Arkham Intelligence and Nansen show his public wallet holds $2.57B in crypto: 2.4B TRX ($702.2M), $483.7M in stETH, $400M USDT and various AAVE and WLFI tokens. This ETH staking action, part of an internal wallet restructure, briefly pushed his ETH holdings to $534M, surpassing his $519M TRX balance. Traders interpret this shift from lending to staking as a long-term bullish signal for Ethereum, especially after ETH fell from $4,100 to $3,400. The move follows his July transfer of 50,600 ETH to Binance during a whale accumulation phase. ETH staking reduces circulating supply and highlights confidence in Ethereum’s network security and yield prospects.

On November 10, the Bank of England will publish a consultation paper outlining its stablecoin regulation, aiming to align the UK’s framework with the US GENIUS Act timeline. Deputy Governor Sarah Breeden announced detailed rules for digital payment tokens, issuer requirements, operational standards, and risk controls. This response follows coordinated efforts between UK and US regulators and finance ministries after Chancellor Rachel Reeves met US Treasury Secretary Scott Bessent. The new framework addresses concerns of regulatory lag and seeks to foster innovation while ensuring market stability. Parallel developments include Canada’s 2025 budget proposal for a national stablecoin regime with full reserves and robust controls. Growing corporate demand is evident as Western Union, SWIFT, MoneyGram, and Zelle integrate stablecoin solutions. The US Treasury projects the $310 billion stablecoin market could reach $2 trillion by 2028, underscoring the need for clear, harmonized regulation to support future market growth.

Canada’s Department of Finance, in its 2025 federal budget, has proposed the country’s first national regulation framework for fiat-backed stablecoins. The plan mandates issuers to hold full asset reserves, establish clear redemption policies, and adopt robust risk management, data protection and privacy safeguards. To oversee implementation, the Bank of Canada will allocate CAD 10 million from 2026–27, plus recoup CAD 5 million annually via Retail Payment Activities Act license fees. Stablecoins now account for nearly 30% of global crypto transactions, with on-chain volumes exceeding USD 4 trillion—led by USDT and USDC. Canada’s framework mirrors the US GENIUS Act and EU MiCA, aligning with global digital asset policy. Industry leaders expect this stablecoin regulation to enhance financial stability, safeguard consumer funds and support private-sector innovation from projects like Shopify-backed Tetra Digital and Western Union’s Solana-based tokens. Experts warn that past events—such as the TerraUSD collapse, major DeFi exploits and USDe depegging—underscore collateralization and systemic risks. The stablecoin regulation is viewed as bullish for market confidence and broader adoption.

The Balancer hack on November 3 saw an attacker exploit a precision loss flaw in Balancer v2 Composable Stable Pools. Using flash loans and batch swaps, the attacker manipulated rounding logic under low liquidity to drain around $120 million across multiple chains. The exploit stemmed from integer fixed-point truncation during batch swaps. The attacker swapped Balancer Pool Tokens (BPT) for liquidity tokens, then performed small osETH↔WETH trades to amplify rounding errors. Repeating this cycle allowed inflated internal balances and large withdrawals from the Vault. SlowMist traced the stolen funds through Tornado Cash to multiple on-chain addresses. In response to the Balancer hack, the team paused vulnerable pools, blocked new pool creation, and enacted emergency controls. Whitehat interventions and partnerships with Monerium, Sonic Labs and Hypernative recovered about 73.5% of stolen osETH. The incident highlights critical DeFi security risks in stable pool precision handling. Balancer has launched ongoing audits and logic improvements to safeguard future liquidity pools. Crypto traders should monitor upcoming security updates and pool parameters affecting stable pools.

Future Holdings has raised 28 million CHF ($34.5 million) to build its Europe-focused Bitcoin treasury platform in a strategic funding round led by Fulgur Ventures, Nakamoto and TOBAM. The Swiss-based firm will scale its institutional Bitcoin treasury strategy by increasing on-balance-sheet BTC reserves and enhancing multisignature custody and wallet infrastructure under Swiss governance standards. It also plans to launch proprietary research dashboards, treasury management tools and advisory services to support corporate Bitcoin adoption. The integrated platform covers Treasury Operations, Research & Analytics, Infrastructure & Platform development and Strategic Advisory. The leadership team features Chairman Richard Byworth, CEO Sébastien Hess, co-founders Marc Syz, Julian Liniger and Bitcoin pioneer Adam Back. Switzerland’s zero base rate and low bond yields offer an ideal environment for institutional Bitcoin treasury growth.

Dinari, Chainlink and S&P Dow Jones Indices will launch the S&P Digital Markets 50 Onchain Index on Avalanche in Q4 2025. The S&P Digital Markets 50 Onchain Index is a tokenized benchmark combining 35 US-listed equities with 15 major digital assets. Chainlink oracles will supply real-time price feeds, Proof of Reserve, NAVLink and SmartAUM services to ensure data integrity. Dinari’s dShares product will tokenize each security one-to-one, backed by regulated custodians and settled onchain. This tokenized index bridges traditional finance and DeFi. It offers institutional-grade transparency, programmable finance and reduced settlement times. The new index opens global access and enhanced compliance for traders seeking diversified onchain exposure to equities and crypto.

Crypto super PAC Fairshake’s costly effort to defeat Ohio Democrat Sherrod Brown failed: Brown won the Senate race by nearly five percentage points despite about $56 million in opposition advertising. That was more than a third of the roughly $154 million Fairshake and affiliated groups reportedly spent on political ads during the 2026 election cycle. Fairshake also failed to stop Juliana Stratton in an Illinois primary, while its supported candidates Barry Moore, Adrian Boafo, Andy Barr, Jasmine Clark and Christian Menefee won their general elections. Other results were mixed: an $11 million effort supporting Nebraska Republican Pete Ricketts succeeded, while crypto advocates Bryan Steil and Bill Huizenga lost their House seats. Fairshake says it helped elect candidates in competitive races and plans to remain active in 2028; reports put about $56 million in funds remaining. The results underline that Fairshake’s substantial political spending does not guarantee victories. Democratic gains and a shift in congressional control could make crypto legislation, including the Digital Asset Market Clarity Act, less predictable and complicate the industry’s push for regulatory change in Washington.

Blockchain analytics firm Bubblemaps says wallet activity linked to four crypto influencers may not match their public claims or promotion histories. Its findings are estimates based on on-chain analysis, not independently verified profit totals. Bubblemaps estimates that Kimchi made about $6 million from TRUMP, below an online claim of roughly $40 million. It also identified coordinated buying in several meme coins promoted by Solstice: newly created wallets reportedly bought similar allocations and were linked to a token deployer. Bubblemaps analyzed about 534 October posts by Anglio and said associated wallets bought an average of 20 seconds before roughly 61% of his calls, then sold soon afterwards, with estimated gains of about $130,000. Anglio has acknowledged using this approach. The firm also said wallets linked to 0xEthan often sold within about three minutes of a call, estimating gains of roughly $125,000. The Bubblemaps findings could prompt traders to scrutinize influencer-led meme-coin promotions, wallet links and liquidity more closely. The allegations do not establish independently confirmed profits, so traders should treat the estimates cautiously and assess on-chain activity rather than relying solely on KOL endorsements.

Binance revoked API keys linked to SignalPlus on 5 November after the third-party trading platform reported a potential security issue. Binance said its systems were unaffected and customer funds remained safe; the action applies only to SignalPlus connections, not all Binance API keys. Binance advised users to check positions and open orders directly on the exchange, and not reconnect until SignalPlus resolves the issue. It also recommended IP whitelisting. Binance co-founder Changpeng Zhao urged SignalPlus users on other exchanges to revoke their keys, while co-founder Yi He called on integration partners to review security controls and monitor for suspicious activity. The incident highlights the risks of third-party API access and may prompt traders to review automated trading permissions. It follows a separate Binance security incident in late October: the earlier report cited an alleged $6.3 billion hack attributed by the FBI to North Korean hackers, while Binance later said about $2.85 billion in assets had been frozen or intercepted. Binance said it had replenished approximately 98% of affected holdings by 4 November and would cover losses with its own resources.

IPX, formerly LINE FRIENDS, plans a phased rollout of Minicoin payments at its online and physical stores in South Korea and overseas in the first half of 2027. The service would let customers buy physical merchandise with the digital asset. Minicoin is a utility token developed by Mini Labs under licence to use IPX’s minini character brand. Its proposed blockchain ecosystem is intended to record fan engagement, content activity and transactions, linking character merchandise retail with Web3. IPX cited its K-POP SQUARE store in Seoul’s Hongdae district, which attracted more than one million visitors in its first year; about 80% came from over 90 countries. The plan points to a potential real-world payment use case for Minicoin, but no market-by-market launch dates, payment-processing details or expected transaction volumes have been disclosed.

HTX market data showed Bitcoin below $77,000 on 4 November, down 0.33% over 24 hours. By 5 November, Bitcoin was below $80,000, with its 24-hour loss at 0.34%. The reports provide different price thresholds but no explanation for the move. Bitcoin’s modest daily declines point to limited immediate movement; traders may watch whether BTC regains $80,000 or remains below it.

Arthur Hayes warns that AI IPO share dilution could pressure crypto liquidity. He says insider share unlocks at SpaceX, Anthropic and OpenAI may weigh on their stock prices, weaken confidence in the AI investment boom and raise borrowing costs. Hayes estimates Anthropic could face 83% dilution by June 2027, while SpaceX’s tradable share supply could rise by about 50%. Both figures are his estimates, not confirmed outcomes. If falling share prices widen corporate bond spreads, AI companies could find it harder to fund computing and data-centre projects. Banks may then tighten lending and securities financing, reducing US dollar liquidity and creating a short-term headwind for Bitcoin and other crypto assets. Hayes advises caution until central banks provide renewed liquidity support, which could eventually help crypto markets. He also says cheaper, more abundant computing power could benefit on-chain AI agents. These are Hayes’s views, not investment advice.

Solana-based lending protocol Loopscale has paused operations after detecting a sustained attack campaign. Over the past week, its API received more than 30,000 malicious requests per day, primarily targeting the SOL and USDC Genesis Vaults. Loopscale says it has replenished the affected vaults and that user deposits have not been lost. The protocol will remain paused while it investigates and strengthens security. Loopscale plans to restore repayments as a priority to reduce the risk of unintended liquidations, while a full restart depends on the review. The team has identified four related addresses and is working with federal law enforcement and security specialists. Traders should watch for updates on repayments and vault operations. The reported absence of deposit losses may limit immediate market fallout, but the incident adds security concerns for Loopscale and Solana DeFi.

Blockchain analytics firm Bitquery estimates the Mercado Bitcoin hack caused $48.6 million in losses across 10 blockchains, above earlier figures of about $40 million and the exchange’s reported $36.3 million. Bitquery traced withdrawals from 36,042 Ethereum deposit addresses between 12:27 and 16:56 UTC on Nov. 2, indicating that funds continued moving for around four hours after the exchange said the attack was contained. Mercado Bitcoin has not responded to the revised estimate. The exchange says it will cover customer losses. More than $15 million has been frozen with help from Tether, Circle and Chainalysis. Deposits and withdrawals remain suspended, and Mercado Bitcoin plans to reopen its website in read-only mode on Nov. 9; it has not set a date for restoring transfers. Bitquery also linked the attacker’s addresses to about $391,000 in funds taken from wallets associated with BitMart. BitMart confirmed a hack on Nov. 2 and said an initial investigation pointed to the same group, but the connection and causes of the breaches remain unconfirmed. The incident raises security and counterparty concerns for exchange users, though it has no confirmed direct impact on cryptocurrency prices.

Binance has proactively revoked all API keys linked to SignalPlus after the third-party platform reported a potential security issue. Binance said its own systems were unaffected; the reports cited no user losses or confirmed breach of Binance systems. Binance co-founder He Yi urged integrated third-party platforms to review security controls, monitor unusual activity and contact Binance promptly about potential concerns. CZ also advised users of SignalPlus on any exchange to revoke their API keys. Traders were urged to check positions and open orders directly on Binance, avoid reconnecting SignalPlus until the issue is resolved, and use IP allowlisting. Deribit has reported a related situation. The episode highlights API-key and third-party integration risks, but does not establish a direct impact on BNB or the broader market.

Digital asset insurer Soter Insure has added Standard Chartered’s SC Ventures and Japan’s SBI Group as strategic investors in its Series B funding round. Existing investor Token Bay Capital also increased its investment. Galaxy led the round, with Coinbase Ventures, Franklin Templeton and Brevan Howard Digital also participating. The funding amount was not disclosed. Soter Insure plans to use the proceeds to expand underwriting capacity, strengthen its underwriting and technology capabilities, and grow across Asia-Pacific, Europe and the United States. Headquartered in Abu Dhabi and operating from Bermuda, Soter Insure provides digital asset insurance products to financial institutions. The investment signals continued institutional backing for crypto insurance infrastructure, but no direct impact on cryptocurrency prices was specified.

France’s National Assembly has dropped a proposed self-custody crypto reporting rule from the 2027 budget after rejecting the bill’s entire revenue section. The amendment had passed on 3 November by 150 votes to 44, with eight abstentions. It would have required taxpayers to declare self-custodied crypto worth more than €100,000 on 31 December each year, with fines of up to €10,000 for failing to report. The Assembly rejected the revenue section on 4–5 November by 458 votes to none, with two abstentions, removing the self-custody crypto reporting rule alongside proposals on crypto-to-stablecoin taxes and stricter penalties for crypto platforms. The rule was dropped for procedural reasons, not after a separate vote on its merits. French holders therefore face no new annual declaration requirement for now, although lawmakers could revive the proposal. The debate comes as EU DAC8 rules are due to require crypto platforms to report customer information from 2026, while self-custodied assets remain outside that framework.

A fake Trust Wallet phishing site at trastwallet.cam is designed to scan connected wallets and prepare transfers to scammer-controlled addresses. Researchers identified the domain on November 4, 2026. Its code supports Trust Wallet, Phantom and OKX wallets, but transaction signing was disabled when the site was examined, and no direct losses had been reported. The Trust Wallet phishing site appears linked to a wider campaign: Phishunt.io had documented at least nine suspicious Trust Wallet-related websites by early November, and Zürich police warned of Trust Wallet phishing emails on October 30. For crypto traders and self-custody users, the incident is a reminder that connecting a wallet or approving an unexpected signing request can expose funds to theft. Verify URLs, avoid unofficial wallet connections and never share a seed phrase.

Binance and Deribit revoked API keys linked to SignalPlus after the trading platform reported a potential security issue. Binance said its systems were unaffected and user funds remained safe; Deribit reported no evidence that its systems or data had been compromised. Both exchanges urged affected users to check their positions and open orders, and not to reconnect SignalPlus until the platform confirms the issue is resolved. Binance also advised users to enable IP whitelisting and called on third-party providers to review security controls and report suspicious activity. No exchange breach or user fund loss was reported. The incident underscores the risks of granting API access to third-party crypto trading platforms.

Texas data center moratorium plans could slow AI infrastructure growth and put about 13 GW of announced projects at risk, according to Jefferies. Governor-elect Gina Hinojosa has proposed pausing permits for new data centers until lawmakers set protections for communities, electricity costs and water resources. Projects already under construction would reportedly be exempt. Texas has more than 400 data center facilities, making the proposal significant for the sector. A prolonged pause could increase the value of existing capacity and favour well-funded hyperscalers such as Amazon and Microsoft, while debt-funded independent developers face financing pressure if projects are delayed and revenue is pushed back. Investors will watch the final rules, how “under construction” is defined and whether projects move to other states. The Texas data center moratorium does not directly identify a cryptocurrency impact, but uncertainty around AI infrastructure and electricity supply could influence sentiment toward energy-intensive technology investments.

Goldman Sachs and Apollo Global Management have moved from talks with investors to marketing SpaceX’s roughly $40 billion AI chip financing plan to Wall Street. Some investors were invited to commit as much as $500 million before a broader loan syndication, expected soon. PIMCO is also involved in the bond financing. An Apollo-backed entity will fund about $47.3 billion in Nvidia GPUs and related equipment, including next-generation Rubin chips expected in the first half of 2027. The purchase is to be financed with about $40 billion of debt—including an $8.3 billion senior secured loan and several bond tranches—and roughly $7 billion in lease payments prepaid by SpaceX. SpaceX is expected to lease the equipment for around five years, using an off-balance-sheet structure intended to protect its credit rating. The lease requires SpaceX to keep paying if equipment is damaged or operations are disrupted, but SpaceX does not guarantee the chips’ residual value when the lease ends. Investors therefore face SpaceX credit exposure, fixed-payment obligations and uncertainty over rapidly evolving AI hardware values. The deal highlights private credit’s growing role in funding AI infrastructure, amid concerns that the AI boom faces added pressure after Democrats won the US midterm elections. It has no direct cryptocurrency or token-market component and, by itself, offers no clear trading signal for crypto assets.

Bitcoin rebounded above $80,000 after briefly falling to about $75,700 during early U.S. midterm election trading. The recovery came alongside a rally in U.S. stocks and improved risk appetite, though analysts cautioned that the move may also reflect a technical bounce rather than a lasting change in market direction. Bitcoin and other risk assets gained as investors weighed the election result and falling oil prices. On Wednesday, the Dow rose 3%, the S&P 500 gained nearly 2% and the Nasdaq advanced more than 1%; Brent crude fell nearly 9% to about $95 a barrel, and the 10-year Treasury yield slipped below 4.9%. Ether rose 4% to just above $2,400. U.S. spot Bitcoin ETFs recorded about $75 million in net inflows on Wednesday, and ether ETFs drew $53 million, although Bitcoin ETFs had seen $215 million in net withdrawals in October. The wider crypto market had lost about $300 billion in value over the previous month, falling to roughly $2.67 trillion. Democrats’ control of both chambers of Congress from January could make progress on the CLARITY Act harder, adding uncertainty to the long-term U.S. regulatory outlook for crypto exchanges and token issuers. Traders should also watch liquidity, interest rates and investment flows: these factors may matter more to Bitcoin’s direction than the election alone.

Gate has launched Proof of Security (PoSEC), a framework designed to assess exchange security beyond proof of reserves by examining asset storage and coverage under extreme-risk scenarios. Gate says it is the first digital-asset exchange to introduce such a system. In a snapshot taken on 4 November at 08:00 (UTC+8), Gate reported cold-storage coverage of 104.58%. Cold wallets held 88.26% of platform assets and hot wallets held 11.74%. The exchange says that, under its calculation method, cold storage alone could cover all user assets if hot-wallet assets were lost. An independent third-party auditor is reviewing the figures, and Gate says it will publish the report after verification. PoSEC builds on Gate’s proof-of-reserves work, introduced in 2020, and existing safeguards such as hot-and-cold wallet separation, multisignature controls, multiparty computation (MPC) and risk monitoring. Until the audit is published, the reported PoSEC figures are not independently confirmed. The disclosure adds information about custody risk but does not eliminate exchange risk or signal a direct change in crypto prices.

Riot Platforms has signed a 15-year, roughly $28bn agreement to provide Anthropic with 910 megawatts of data-centre capacity at its Corsicana, Texas, site. The Riot-Anthropic deal is expected to generate about $1.8bn in annual rent once fully operational. The first capacity is now scheduled for June 2027, with the rollout expected to continue in phases through July 2028. The project is expected to cost about $5.5bn. Riot plans to finance 80% to 90% of the costs with debt, while Anthropic can recover eligible construction costs—up to $3.6bn—through credits against future rent, with 12% annual interest. Riot estimates it will need to contribute about $500m to $1.1bn in cash, and the interest arrangement could add substantial financing costs. To fund its shift from Bitcoin mining to AI data centres and repay a Coinbase loan, Riot sold 20,264 BTC for about $1.5bn in the first nine months of 2026. It held 2,418 BTC at the end of September and expects to keep selling nearly all newly mined Bitcoin. The deal shows how miners are pursuing AI infrastructure revenue, but also highlights Riot’s debt burden, execution risks and reduced Bitcoin reserves.

Schroders has launched a tokenized feeder fund on Solana with real-world asset firm Centrifuge, giving investors blockchain-based exposure to the Schroder International Selection Fund Emerging Market Bond. Investors hold tokenized fund shares—not the underlying bonds directly—and their value tracks the fund’s disclosed net asset value. This is Schroders’ first product on Solana. The strategy invests in emerging-market government and corporate debt, so returns can be affected by interest rates, credit quality, currencies and local economic conditions. It expands Solana tokenized assets beyond cash-like products such as Treasuries and money-market funds. Schroders manages more than $1 trillion and has over 50 years of emerging-market debt experience, with more than 40 specialists. Centrifuge says it has tokenized over $750 million in assets; estimates of Solana’s tokenized RWA market vary, with one cited figure exceeding $4 billion. RWA.xyz puts the broader tokenized RWA market at about $39 billion, including roughly $14 billion in Treasuries and money-market products. The launch adds to Centrifuge’s cross-chain activity, following its work with Janus Henderson on an onchain Nasdaq-100 fund on Stellar. Investor eligibility, minimum investment, fees, offering size and DeFi integrations have not been disclosed. The Solana tokenized fund marks institutional expansion into more varied onchain fixed income, but its scale and accessibility remain unclear, and emerging-market debt carries risks distinct from short-term government securities.

Dogecoin (DOGE) recovered from an intraday low near $0.080 to about $0.084 on Tuesday, then traded near $0.077 on Thursday after extending its rebound for a second session. The latest price is above the four-hour 50-period EMA near $0.0762, but faces descending trendline resistance around $0.0786. A sustained break could bring $0.0806 into focus; slipping below the EMA may expose support near $0.0723 and $0.0677. Demand signals remain weak. DOGE futures open interest fell to $1.06 billion on Thursday from $1.18 billion on Monday, and Dogecoin-focused ETFs have recorded no fresh inflows since October 14. An earlier report cited $399,460 in ETF net outflows on Monday. Falling open interest may reflect reduced leverage or short covering, rather than a clear return of buyers. Large wallets holding over 100 million DOGE controlled 69.74% of circulating supply, down from 70.02% on September 1; this change does not establish that tokens were sold. Short-term indicators have improved, with the four-hour RSI near 58 and MACD marginally positive. However, DOGE remains below its 50-day and 200-day EMAs at $0.0876 and $0.0923, while the earlier daily RSI near 39 and negative MACD pointed to weak momentum. Traders are watching whether DOGE can clear $0.0786 and sustain demand; failure to do so would leave downside supports in focus.

The XRP Ledger activated the fixCleanup3_4_0 amendment on November 4 at ledger 108,112,129, closing a flaw in delegated PaymentBurn permissions. In certain circumstances, an authorised delegate could have created issued tokens by making a payment that crossed a zero balance. The issue affected trust-line tokens, including assets such as stablecoins, and Multi-Purpose Tokens—not XRP’s native supply. No public exploit or affected issuer has been confirmed. The XRP Ledger fix rejects PaymentBurn transactions that cross a zero balance and also addresses issues involving trading pools, escrow reserves, Multi-Purpose Token authorisation and transaction signing. Validator support fell below the required threshold on October 21, restarting the mandatory 14-day approval period. During the 27 days delegation was live before the fix, issuers had been advised not to grant the specific permission. The amendment does not activate proposed XRP Ledger lending features, which require separate amendments and validator approval. The upgrade may support confidence in XRP Ledger security, but no direct effect on XRP supply or price was reported.

Binance Wallet has confirmed that the five scheduled PREDICT airdrop dates and questionnaire deadlines remain unchanged: the token’s listing date and November 6, 13, 20 and 27. The newer update clarifies that if PREDICT lists after a scheduled date, that distribution and any earlier unpaid batches will be combined and paid in the first batch after listing. Users do not need to submit the questionnaire again, and eligibility will continue to depend on the original questionnaire deadlines. The change affects when PREDICT airdrop tokens are distributed, not who qualifies.