Deutsche Börse will integrate AllUnity’s euro-pegged stablecoin EURAU into its market infrastructure, beginning with institutional custody via Clearstream and with plans to extend the token across its broader service suite. The firms signed a memorandum of understanding; no go-live date was disclosed. AllUnity is licensed by Germany’s BaFin. This marks Deutsche Börse’s third euro stablecoin tie-up after Circle’s EURC and Societe Generale–Forge’s EURCV. The exchange framed the move as aligned with the EU’s Markets in Crypto-Assets regulation (MiCA) and as part of efforts to digitize markets, improve settlement and liquidity, and enable institutional-grade on-chain cross-border payments. Deutsche Börse’s domestic equity market (~$2.23 trillion across 474 listings) gives potential scale for institutional stablecoin use. The announcement complements other European bank-led euro stablecoin initiatives and reflects policy momentum to reduce reliance on dollar-pegged stablecoins. Key SEO keywords: euro stablecoin, EURAU, Deutsche Börse, Clearstream, MiCA, institutional custody.
Neutral
euro stablecoinDeutsche BörseEURAUinstitutional custodyMiCA
Dunamu (operator of Upbit) and Naver Financial have finalized merger terms that set a precise share exchange ratio of 1:2.5422618 (Dunamu shareholders receive 2.5422618 Naver Financial shares per Dunamu share). The deal combines Dunamu’s crypto-exchange business with Naver Financial’s fintech infrastructure and large user base to form one of South Korea’s largest fintech and digital-asset groups. Expected benefits include greater market liquidity, expanded retail and institutional services, improved security and compliance, and stronger regional competitive positioning versus global exchanges. Key risks remain regulatory approval (notably from Korea’s Financial Services Commission), integration of systems and corporate cultures, and execution of post-merger plans. Management’s use of an exact ratio signals detailed due diligence; timing depends on regulatory and shareholder clearances. Traders should monitor regulatory announcements, any changes to Upbit operations or listing policies, user-base-driven liquidity shifts, new product launches, and potential M&A follow-ons — all of which could affect market liquidity and trading flows for assets listed on Upbit.
Coinbase Ventures published its 2026 investment priorities, identifying nine themes where it will actively deploy capital. Key areas include tokenized real‑world assets (RWA) and new derivative exposures such as perpetual futures on off‑chain assets; specialized exchanges and trading terminals for niche markets; proprietary automated market makers (prop‑AMMs) designed to protect liquidity providers from predatory trading; next‑generation DeFi that integrates perpetuals with lending to improve capital efficiency; privacy‑preserving on‑chain tooling; prediction market aggregators to consolidate fragmented liquidity; agentic and embodied AI developer tooling to accelerate on‑chain product creation; decentralized physical infrastructure networks (DePIN) to gather high‑quality interaction data for robotics and AI; and “proof of humanity” solutions that combine biometrics with cryptographic signing to distinguish humans from AI. Coinbase Ventures highlighted capital‑efficiency gains, new derivative exposure to off‑chain assets, and AI‑driven developer tooling as catalysts for breakout protocols and companies in 2026. The fund — which has made over 600 investments and holds a 422‑startup portfolio — named recent deals including 0xbow, Zynk, ZAR and Kalshi. Traders should monitor projects and tokens tied to RWA derivatives, AMM innovations, DePIN infrastructure and AI tooling: these sectors are likely to attract institutional capital, spawn new trading products and create fresh liquidity flows, though regulatory and technical risks could delay adoption.
China’s Bitcoin hashrate has rebounded to around 145 EH/s—14% of the global network—reclaiming third place behind the US and Russia after the 2021 mining crackdown. New activity in low-cost regions such as Xinjiang and Sichuan, where operators use legacy farms, private setups and cloud-style arrangements to mask mines, has driven this rebound. Hardware maker Canaan reports domestic sales rising from 2.8% of revenue in 2022 to over 30% in 2024 and 50% in Q2 2025, indicating fresh investment in mining equipment.
However, hashprice—payout per unit of hashrate—has hit record lows this year as Bitcoin prices and transaction fees weaken and mining difficulty climbs, squeezing smaller miners. This resurgence coincides with Bitcoin’s October peak at $126,000 and policy signals like Hong Kong’s stablecoin bill and Beijing’s yuan-backed stablecoin plan. The return of significant Chinese capacity raises concerns about geographic concentration and uneven enforcement of the ban. Traders should watch Bitcoin hashrate fluctuations, evolving hashprice levels and upcoming policy shifts to assess market impact.
MegaETH, an Ethereum Layer-2 scaling project, halted its planned $1 billion fundraising after multiple technical failures during its pre-deposit window. A misconfigured 4-of-6 Safe multisig, overloaded Sonar KYC APIs and strict rate limits triggered an early launch, contract oversubscription and deposit blocks.
Errors allowed deposits to exceed the original $250 million cap within minutes, prompting the team to freeze contributions at $500 million and cancel the $1 billion expansion. No funds were lost, and assets remain secure.
MegaETH will launch a withdrawal portal and tracing tools for refunds and credit participants with MEGA token rewards. The team plans a full post-mortem to fix configuration errors, API constraints and contract identifiers ahead of a relaunch.
Traders should watch implications for L2 token liquidity and USDm stablecoin adoption.
Stand With Crypto, backed by Coinbase, has launched a nationwide survey of federal and state candidates ahead of the 2026 US midterm elections. On November 24, the advocacy group sent questionnaires probing positions on digital asset rights, banking access for crypto firms, mining and zoning regulations, consumer protections and personal use of bitcoin or blockchain tools. Respondents will be graded A to F, with an A rating signaling strong support for crypto, guiding voter outreach among Stand With Crypto’s 2.6 million advocates.
Results, due in early 2026, will target key battleground races and pressure candidates to clarify their crypto policy stances. The initiative follows Stand With Crypto’s 2024 cycle efforts—274 pro-crypto candidates won and it mobilized New Jersey’s 2025 governor race—and comes as Congress advances a digital asset market-structure bill likely delayed by the holiday recess.
Neutral
Stand With Cryptocrypto candidate survey2026 US midtermsdigital asset policycrypto regulation
VAP Group has announced the Global Blockchain Show 2025, scheduled for 10–11 December at Space42 Arena in Abu Dhabi. Supported by the Abu Dhabi Convention & Exhibition Bureau and co-hosted with Times of Blockchain and Bitcoin News, the Global Blockchain Show will attract over 5,000 attendees, 200 expert speakers, 300 investors and 150 media representatives. The conference will cover DeFi, NFTs, enterprise Web3 solutions and regulatory trends through keynote speeches, panel discussions, fireside chats, live demos and pitch competitions. From 3 to 12 December, Global Blockchain Show Week will feature side events, workshops, networking sessions and hackathons, co-located with the Global Games Show. Traders can use this premier crypto event to explore new partnerships and investment opportunities in the UAE’s growing blockchain hub.
Neutral
Global Blockchain ShowBlockchain ConferenceAbu DhabiDeFiNFTs
Since the first Solana spot ETF launched on October 28, Solana ETFs have seen 20 consecutive trading days of net inflows totaling $568 million. Bitwise’s BSOL ETF has led with $483.6 million (89%) of these inflows, driven by its 0.20% fee and up to 7% staking rewards. Average daily inflows stand at $28 million, including a record $39.5 million on November 24. Despite robust ETF inflows, the SOL price has fallen over 30% this month to around $138, leaving 80% of circulating supply at a loss. Futures data reveal rising sell pressure at the $140 resistance—open interest spikes suggest new short positions—while high funding rates indicate crowded long leverage on the SOL price. Analysts warn a breach of the $120 support could trigger approximately $239 million in liquidations below $124.4, potentially sparking panic selling. Technical indicators keep SOL capped near the 50-period EMA, vulnerable to further declines if it fails to reclaim $140 quickly. Meanwhile, Solana’s ecosystem continues to expand: real-world asset holders have surpassed 100,000, and the MON token on Solana DEX recorded $87 million in 24-hour volume, outpacing rival platforms.
Tokyo-listed Metaplanet has drawn an additional $130 million from its $500 million Bitcoin-backed loan facility, raising its total borrowings to $230 million. The company will use the Bitcoin-backed loan to buy more Bitcoin, fund its BTC-backed option-selling business and potentially repurchase shares. Despite an unrealized loss of nearly 20%—with an average purchase price of $108,036 per BTC versus a current price around $87,500—Metaplanet is pressing on amid crypto market volatility. The debt carries a daily-renewing term, no fixed maturity and flexible repayment. This move parallels MicroStrategy’s strategy of combining equity issuance—a recent $135 million Class B perpetual share offering—with debt to bulk up its Bitcoin treasury. Traders should watch how Metaplanet’s aggressive BTC accumulation impacts its market cap, share performance and overall Bitcoin demand.
PEPE, the meme coin, stabilized at a key support zone after a 40% monthly drop. Over the past day, PEPE gained nearly 6% with volume up 16%, driving its market cap close to $2 billion. Each prior test of this support led to major rebounds, and current indicators suggest a possible 550% rally toward $0.000014 mid-range and beyond. A break below could trigger deeper declines.
Meanwhile, PEPENODE, an ERC-20 play-to-earn mining token, raised over $2.19 million in its presale. The project burns 70% of tokens on upgrades and offers up to 589% annual staking rewards. Growing demand for PEPENODE utility tokens could boost buying pressure across the meme-coin sector.
JPMorgan unexpectedly closed personal accounts of Strike CEO Jack Mallers, reviving Operation Chokepoint 2.0 concerns. This debanking move fuels fears of banks cutting ties with crypto firms and undermines traditional banking confidence. Senator Cynthia Lummis warns it could drive digital asset services overseas and hamper US crypto regulation leadership. Caitlin Long of Custodia Bank says barriers may persist until new Federal Reserve appointments in early 2026, despite a 2025 executive order targeting debanking. Meanwhile, stalled South Korea won-based stablecoin rules add global stablecoin uncertainty. Traders should watch banking relationships and regulatory shifts for potential market liquidity and volatility impacts.
Analyst James Check warns that powerful quantum computers pose a dual technical and political threat to Bitcoin. Roughly 32.4% of BTC has lain dormant for over five years and 16.8% for more than a decade, with some 6–7 million coins using exposed public keys vulnerable to Shor’s algorithm. While NIST-approved post-quantum signature schemes exist and BIP360 proposes new quantum-resistant address formats, legacy UTXOs secured by ECDSA and Schnorr remain exposed. Retrofitting inactive coins is deemed impractical, making network-wide consensus the core hurdle. Experts put the timeline for a viable quantum attack in the late 2020s to 2030s, tied to qubit error-correction advances. Institutional players like El Salvador have begun diversifying addresses, but broader community agreement on migrating or freezing dormant coins is uncertain. Traders should monitor developments in post-quantum BIPs and governance debates. Long-dormant coins may reenter circulation if a quantum breach becomes feasible, though market impact may be limited in the near term.
Kraken Krak App has launched a Mastercard-backed multi-asset cashback debit card across the UK and EU. The Krak card offers up to 1% cashback in fiat or Bitcoin and supports over 400 crypto and fiat balances with real-time conversion at checkout. There are no monthly or foreign exchange fees.
The Krak App also adds an IBAN-based salary deposit feature. Users can receive paychecks directly in their Krak accounts. This simplifies earning, saving and spending within a single crypto-first account.
Enhanced wealth tools include Vaults linked to audited DeFi protocols. These Vaults deliver potential APYs above 10%, plus up to 3.6% yield on eligible assets. Kraken Krak App maintains 1:1 fiat reserves and operates under a MiCAR licence approved by the Central Bank of Ireland.
Since its June 2025 debut, the Krak App has surpassed 450,000 downloads in 130 countries. Crypto traders can now leverage cashback rewards, direct salary deposits and high-yield Vaults to streamline capital management.
Leaked side letters reveal that Brevan Howard’s Nova Digital fund secured a $25M Berachain refund option in the project’s Series B funding. The clause, valid until Feb. 6, 2026, lets Nova exercise the Berachain refund option within one year after the Feb. 6, 2025 token generation event (TGE), reclaiming some or all capital in five business days.
The refund option price is set at $3 per BERA token, while BERA currently trades near $1.01, down about 66% from the exercise price. The network reached a $3.5B total value locked (TVL) earlier this year.
Berachain’s co-founder denies any preferential treatment, saying the clause mirrors terms for all investors as part of Nova’s risk-management framework. However, industry lawyers call the post-TGE refund clause highly unusual. The revelation has sparked debate over investor terms transparency and may influence trader sentiment and governance safeguards in the crypto market.
Bearish
BerachainRefund OptionNova DigitalSeries B FundingInvestor Transparency
Pump.fun, the Solana-based memecoin launchpad, has transferred $436.5 million in USDC to Kraken since mid-October and sold at least $757 million in SOL between May 2024 and August 2025. These treasury moves signal de-risking amid a downturn in memecoin trading and revenue, which plunged from January’s $137 million peak to $39.22 million last month. On-chain data shows Pump.fun still holds substantial USDC and SOL reserves, but the large cash outs and token sell-off have stoked fears of increased sell pressure. Traders should watch USDC outflows, SOL price volatility and memecoin liquidity for insights into short-term market stability and Solana ecosystem confidence.
Grayscale Investments has launched the first U.S. spot DOGE ETF, ticker GDOG, on NYSE Arca. The 0.35% management fee is waived until assets reach $1 billion or for the first three months. Bloomberg analyst Erich Balchunas estimates day-one trading volume at around $12 million. Grayscale will have a two-day head start before Bitwise’s rival spot DOGE ETF (BWOW) debuts on November 26. Balchunas also predicts five more spot crypto ETFs in the next week and over 100 spot and derivative crypto ETFs covering tokens like SOL, AVAX and DOT within six months. This rapid expansion of spot DOGE ETF products and broader crypto ETFs highlights growing institutional support and could drive new institutional and retail inflows into digital asset ETFs.
AVAX One, a Nasdaq-listed firm, between November 5 and 23 deployed $110 million to purchase 9.38 million AVAX tokens at an average price of $11.73. This move expanded AVAX One’s treasury to over 13.8 million AVAX, valued at roughly $193 million. The accumulation underscores growing institutional confidence in the Avalanche network.
The company retains $35 million in cash to pursue further AVAX accumulation or fund a newly announced $40 million share buyback program. Management highlights a disciplined, transparent strategy that balances equity and digital asset growth while generating yield on existing holdings.
For traders, AVAX One’s large-scale token buy and planned buyback may tighten supply. Short-term, this could support AVAX price momentum. Long-term, the expanded treasury and institutional commitment may underpin sustained demand across the Avalanche ecosystem.
Grayscale has launched two new crypto ETFs on NYSE Arca, offering exposure to Dogecoin (DOGE) and XRP without direct custody.
Trading began in April 2024 under the tickers DOGE and XRP, with combined first-day volume reaching $50 million and the DOGE ETF alone seeing around $11 million.
These approvals extend crypto ETF options beyond Bitcoin and Ethereum and reflect growing regulatory openness.
By packaging altcoins into familiar trading vehicles, Grayscale simplifies access for institutional and retail investors.
Analysts predict that these altcoin ETFs will drive inflows, improve liquidity and transparency, and spark more single-asset and multi-token ETF applications.
Traders should monitor ETF inflows, trading volumes, and price volatility as broader crypto ETF adoption may stabilize altcoin markets and diversify capital flows.
Bitcoin Capital will launch its regulated BONK ETP on the SIX Swiss Exchange on November 27, 2025. The BONK ETP offers European investors one-to-one exposure to the Solana-based meme coin BONK through traditional brokerage accounts. By tracking BONK 1:1, the ETP streamlines trading and custody under a regulated framework. This listing on a major Swiss exchange enhances market access, liquidity and credibility for meme coin investments. The BONK ETP also provides institutional-grade custody and simpler portfolio integration without direct wallet management. However, traders should remain cautious of ongoing regulatory scrutiny and the high volatility inherent to meme coins.
BitMine’s Ethereum holdings have risen to 3.6 million ETH, about 3% of total supply and 60% of its 5% accumulation target. The firm added 110,288 ETH (~$400 million) during a recent price dip, lifting weekly accumulation by 34%. FY25 net income reached $328 million, and BitMine plans to launch Ethereum staking via its MAVAN infrastructure in Q1 2026. Stock surged nearly 20%, extending its 330% YTD gain and outpacing peers like MicroStrategy (MSTR) and Marathon Digital (MARA). CEO Tom Lee cites downside support at $2,500 and upside potential in an Ethereum supercycle, underpinned by high liquidity and institutional demand.
Crypto fund outflows remained heavy as digital asset ETPs saw $1.94B withdrawn last week, extending a four-week decline to $4.9B—the third-largest on record. Bitcoin ETPs suffered $1.27B in outflows and Ethereum lost $589M, while Solana ETPs saw $156M redeemed. Despite continued crypto fund outflows, $258M returned in the final days, signaling early buying interest. Notably, XRP ETPs attracted $89.3M ahead of proposed spot ETF launches, and Nansen data shows leveraged XRP longs rising by $10.4M to net $74M, even as traders hold $325M in Bitcoin shorts. Crypto traders should watch shifting fund flows for trading opportunities and potential market recovery.
Bearish
Crypto fund flowsInvestor sentimentXRP inflowsBitcoin outflowsETF launches
Bitcoin price slid below the key $88,000 support level, falling to $87,975 on Binance USDT. This 5.2% pullback from recent highs reflects regulatory concerns, profit-taking by early investors, institutional selling and wider economic uncertainty. Breaching this level raises the prospect of testing the next major support near $85,000 and resistance around $92,000.
Traders may view this dip as a buying opportunity. Risk management strategies include dollar-cost averaging, clear stop-loss orders and portfolio diversification. Short-term volatility could persist, but historical market corrections of 20–30% often lead to consolidation and eventual recovery. Key technical indicators to monitor are trading volume, RSI and moving averages.
Long-term fundamentals continue to support Bitcoin’s value. Growing institutional interest, network adoption and a strong on-chain outlook underpin the outlook. A rebound in Bitcoin price could see it retest resistance near $92,000. Market stability may return in one to two weeks if buying interest holds above $88,000.
BitMine, a Nasdaq-listed crypto miner, has increased its Ethereum holdings to 3.63 million ETH, adding roughly 120,000 ETH in the past quarter. At current market prices, BitMine’s ETH reserve exceeds $6.8 billion. The company staked a portion of its ETH on Ethereum 2.0, targeting near 4% annual staking yields. Simultaneously, BitMine expanded its staking network by deploying additional validator nodes across multiple regions to support Ethereum’s proof-of-stake ecosystem.
This accumulation reduces ETH’s liquid supply on exchanges, potentially tightening market liquidity and creating upward price pressure. The move underscores growing institutional interest in Ethereum and may bolster price stability. Traders should monitor ETH staking yields and on-chain staking ratios as leading indicators. BitMine’s strategy highlights Ethereum’s long-term outlook and potential upside ahead of network upgrades.
Bullish
ETH reservestaking networkinstitutional interestliquid supplyprice pressure
On November 22, an armed robber posing as a delivery driver carried out a crypto wrench attack on a home in San Francisco. The attacker tied up the occupant and stole about $11 million in cryptocurrency, plus the victim’s phone and laptop. The San Francisco Police Department is investigating, but no arrests have been made. This incident highlights a 65% global increase in violent crypto wrench attacks this year, rising to 61 cases from 38 last year. Rapid on-chain transfers hinder fund recovery even if suspects are caught. Traders should bolster security with cold wallets, multi-factor authentication, and discreet asset storage to safeguard their crypto holdings.
Dogecoin climbed over 3% to around $0.145 this week as Grayscale’s spot DOGE ETF (GDOG) went live on NYSE Arca on November 24. The launch marks a milestone in memecoin adoption, with Bitwise and 21Shares awaiting approval for competing DOGE products. Despite Bitcoin and Ethereum falling about 9–10% over the same period, DOGE trading volume recovered strongly, driven by robust first-day inflows into Grayscale’s ETF and early interest in the Rex-Osprey vehicle. Technical indicators remain mixed: Dogecoin bounced off a key Fibonacci retracement level and the RSI nears oversold territory, but it still trades below its 50- and 200-day moving averages and the MACD histogram shows persistent negative momentum. Analysts warn ETF inflows could cause short-term price swings or large-holder sell-offs, yet they underscore that institutional wrappers enhance long-term legitimacy for DOGE. Traders should also note shifting retail trends, as cat-themed coins outperformed their dog-themed peers this week. Overall, the Grayscale ETF debut boosts DOGE’s mainstream profile, even as memecoin volatility driven by investor sentiment and events—such as Elon Musk’s social media activity—remains a key risk factor.
Nasdaq-listed Enlivex Therapeutics has raised $212 million through a private investment in public equity (PIPE), issuing 212 million shares at $1 each—an 11.5% premium—to build its first digital asset treasury focused on the Rain token. Settled in USDT and USD and expected to close by Nov. 25, this marks the first U.S.-listed prediction-markets–oriented DAT strategy. Following the announcement, the Rain token on Arbitrum surged over 120% within 24 hours, hitting a new all-time high on volumes exceeding $46 million, while Enlivex shares jumped 18%. The Rain Foundation set a modified net asset value (mNAV) of 0.95 to limit volatility. Rain Protocol, which competes with Polymarket and Kalshi, offers permissionless smart-contract markets for event outcomes. This deal underscores growing institutional interest in integrating crypto assets into corporate treasuries and may foster further market adoption and bullish sentiment for RAIN token.
Bitcoin is trading around $86,000 and aiming for $99K as Federal Reserve rate cuts become more likely amid rising US unemployment and soft inflation data. Fed officials, including New York Fed President John Williams, have signaled room for rate cuts, offsetting earlier hawkish remarks. These dovish cues, alongside resilient ETF flows, are supporting Bitcoin and wider crypto market sentiment.
After correcting from $80,000, Bitcoin shows oversold conditions that suggest a short-term bounce. However, profit-taking by institutional desks and flat ETF inflows could cap gains. Negative Coinbase Premium readings fueled recent selling pressure, while record stablecoin supply and falling exchange balances hint at latent buying power.
Upcoming PPI and CPI reports will be critical. Weaker readings may accelerate rate-cut expectations and boost liquidity into Bitcoin ETFs. Conversely, hotter data could stall momentum. Overall, fresh Fed signals and ETF dynamics will shape Bitcoin’s near-term rally and long-term trend.
On November 25, 2025, Bitcoin price on OKX climbed from above $87,000 to exceed $89,000, reaching $89,043.70 for a 2.8% intraday gain. The rally reflects renewed bullish momentum, as Bitcoin price broke key support at $87K and now tests resistance near $90K. Trading volume picked up, with BTC holding above its 20-day moving average. Traders should monitor order book depth and momentum indicators for signals of a push toward $93K. Despite elevated volatility, this breakout may present short-term buying opportunities.
The crypto crash wiped out over $1 trillion in digital asset value, knocking the Trump family’s crypto-linked net worth down by about $1 billion over two months. Their 11,500 BTC holding plunged from a $125,000 peak to near $82,000, costing roughly $800 million. The WLFI token fell from $0.26 to $0.15, halving its valuation, while the TRUMP memecoin slid 25%, erasing $117 million despite a $220 million token unlock. American Bitcoin Corp. shares tumbled over 50%, hurting Erik Trump by around $330 million. Token sale proceeds of over $900 million have cushioned losses, but the family’s total valuation dropped from $7.7 billion to about $6.6 billion, removing them from Bloomberg’s Billionaires Index. Despite the downturn, Eric Trump remains bullish on Bitcoin’s low fees and large-transfer capabilities. This crypto crash highlights ongoing risks for traders across Bitcoin, memecoins and tokenized assets.