Pi Network token traded around $0.2175 on November 15, recovering from October’s low of $0.1510 and a tight range near $0.2240. PiScan data shows the top whale resumed accumulation, buying over 5.3 million Pi since mid-October and more than 5 million this week, raising its holdings to about 376 million tokens (≈$82 million). This whale accumulation signals bullish conviction, possibly ahead of an exchange listing. The Pi Network team has deployed part of its $100 million ecosystem fund into OpenMind’s AI and robotics pilot, launched a DEX testnet with AMM and liquidity providers, and introduced a code download/upload feature in Pi App Studio to streamline hybrid development. An AI-powered KYC model has verified millions of pioneer users. Technical analysis shows the price broke a falling wedge and is forming an inverse head-and-shoulders pattern. A break above the 25- and 50-day EMAs could push Pi Network toward $0.50, while a drop below $0.20 would invalidate the bullish outlook.
Bullish
Pi NetworkWhale AccumulationToken PriceTechnical AnalysisApp Studio
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.
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.
Bullish
MicroStrategyBitcoinBTC BuyingOn-Chain DataPrice Support
Ethena Protocol’s USDe synthetic dollar stablecoin uses a delta-neutral hedging strategy on ETH and BTC deposits, shorts equivalent perpetual futures to lock USD value, and delivers over 10% annual yield via 3–4% staking rewards, 11–12% funding fees and reserve yields. Since its 2023 launch, USDe grew to $15 billion in circulation—and despite a sell-off reducing it to about $8 billion on October 10—has generated nearly $600 million in revenue, including $450 million in the past year. Integrated as collateral on major exchanges like Binance and Bybit, USDe benefits from booming perp volumes, recursive leverage on Pendle and Aave, and institutional support from Coinbase and Copper. Ethena’s robust risk management maintained mint and redeem operations during the Bybit hack and October 10 crash. A pending fee switch will channel protocol revenues to ENA governance token holders, and planned white-label stablecoin services and third-party perpetual DEXs (HyENA, Ethereal) aim to expand the yield-bearing synthetic dollar ecosystem. This USDe stablecoin’s high yield positions it ahead of USDC and USDT.
Bullish
EthenaUSDestablecoin yielddelta-neutral hedgingsynthetic dollar
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.
BlockchainFX has raised over $11 million in its latest presale, pricing BFX at $0.03 ahead of a planned $0.05 launch. The project secured an international trading licence from the Anjouan Offshore Finance Authority (AOFA), marking a rare compliance milestone in crypto.
BlockchainFX offers a non-custodial, decentralized multi-asset trading platform that integrates cryptocurrencies, stocks, forex, commodities and ETFs. Its deflationary tokenomics allocate 70% of trading fees to community rewards: 50% goes to stakers in BFX or USDT, while 20% funds daily buybacks and burns. This model is designed to create sustainable staking incentives and reduce BFX supply over time.
A presale-exclusive Visa card supports payments and ATM withdrawals in over 20 cryptocurrencies, with up to $100,000 in transactions and $10,000 in monthly cash outs. Positioned as a lower-fee alternative to Ethereum and a more practical rival to Dogecoin, BlockchainFX combines DeFi innovation with regulatory compliance and real-world payment solutions for traders seeking passive income and diversified on-chain services.
MicroStrategy’s share price has tumbled nearly 60% since its November 2024 peak, underperforming Bitcoin and pushing its market cap to $63.5 billion—below the $65.5 billion value of its 641,692 BTC treasury. After accounting for $8.25 billion in convertible notes and $6.75 billion in preferred shares, its multiple net asset value (mNAV) stands at about 1.2×, down from earlier levels. Rising dividend obligations and a slowdown in Bitcoin buys—only 12,746 BTC added since August versus 400,000 the prior year—have fuelled fresh share dilution and heightened financing risks. Convertible debt maturing in 2028 adds to leverage concerns if the stock stays low, potentially forcing asset sales or more debt issuance. Short-term risks include further dilution, looming debt maturities and constrained Bitcoin financing. Longer term, failure to sustain a premium over its BTC holdings could undermine MicroStrategy’s treasury-based growth model. Crypto traders should monitor these structural pressures and their impact on Bitcoin market dynamics.
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.
Aster DEX has completed a total of $214.03 million in ASTER token buybacks, repurchasing 143.38 million tokens (7.11% of circulating supply) as of November 13, 2025. This ASTER token buyback program, funded by 70–80% of Season 3 trading fees and treasury revenue from $732.4 million in protocol revenue, has accelerated since October 28 with daily purchases of $2–3 million. The supply reduction aims to stabilize ASTER’s price and boost holder value. Aster DEX’s multichain infrastructure spans BNB Chain, Ethereum, Solana, and Arbitrum. On-chain analytics report average daily fees of $1.75 million, underscoring strong platform activity. Binance CEO Changpeng Zhao’s $2 million ASTER purchase reflects growing market confidence. Coupled with strategic airdrops and upcoming trading pairs (HEMI, AT), the sustained ASTER token buyback and token burn strategy could drive further liquidity and price rallies.
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.
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.
XRP is forming bull flag patterns across weekly and monthly charts, consolidating between $1.80 and $3.50. A break above $3.50 could fuel rallies toward $6.50–$15.80, with intermediate targets at $5.80 and $13. Technical indicators show strong buy zones at $2.15–$2.20 and a solid support around $1.90. Institutional catalysts include REX-Osprey’s spot XRP ETF (XRPR) clearing a 75-day SEC review and multiple leading asset managers filing XRP ETF listings with DTCC, reducing barriers for large investors. Ripple’s partnerships with DBS Bank and Franklin Templeton to tokenize money market funds on the XRP Ledger also boost demand. On-chain metrics show a 25% rise in transaction volume and 20% growth in whale activity. These factors combine to underpin a bullish outlook for XRP in both the short and long term.
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.
Bullish
Bitcoin whale sell-offprofit-takingon-chain analysismarket cyclenet unrealized profit ratio
SEC Chair Paul Atkins unveiled a dynamic token taxonomy that classifies digital tokens by function and maturity. It acknowledges tokens may evolve from investment contracts to commodities as networks decentralize. The token taxonomy also reduces legal uncertainty around new crypto offerings. Paired with the GENIUS Act for stablecoin compliance and the CLARITY Act assigning CFTC oversight of decentralized assets, the framework aims to streamline US crypto regulation. Venture capitalists and exchanges forecast faster token listings and clearer compliance paths. Consumer advocates warn relaxed rules could enable disguised shell projects and heighten retail risks. Traders should prepare for faster listings, increased institutional participation, and potential reporting requirements under the new taxonomy.
Based on SoSoValue data, the Canary Hedera spot ETF (HBR) recorded net inflows of $12.28 M on October 31 and $5.37 M on November 13, pushing its total AUM from $45.93 M to $68.8 M and raising the HBAR net asset ratio from 0.55% to 0.91%. Similarly, the Litecoin spot ETF (LTCC) saw inflows of $0.23 M and $0.698 M, lifting its AUM from $1.64 M to $6.05 M and increasing the LTC net asset ratio from 0.02% to 0.05%.
These sustained inflows into both the Hedera spot ETF and the Litecoin spot ETF underscore growing investor demand for regulated spot crypto ETFs. The boost in AUM and net asset ratios may enhance market liquidity and support short-term price resilience for HBAR and LTC. Additionally, the Litecoin spot ETF’s growth highlights similar demand for LTC exposure through regulated ETF products. Traders should monitor these trends, as large ETF inflows often signal institutional interest and can influence trading volumes in the underlying tokens.
Wrapped Bitcoin (WBTC) on Hedera has officially launched via BitGo custody and cross-chain bridges from BiT Global and LayerZero, tokenizing BTC 1:1 to unlock DeFi services. Traders can wrap BTC through trusted bridges and use Hedera’s high-speed (10,000 TPS), low-fee (<$0.01), carbon-negative network with aBFT MEV-resistant consensus to lend, stake, trade, and provide liquidity on AMMs. Since Hedera’s TVL rose over 200% last year, WBTC on Hedera adds liquidity, attracts institutions, and extends Bitcoin’s utility into the “BTCFi” ecosystem. Market watchers expect increased WBTC demand, DeFi activity, and HBAR usage to drive bullish momentum in both the short and long term.
Bullish
WBTC on HederaBitcoin DeFiTVL GrowthAMM LiquidityHBAR Usage
Upexi has secured board approval for a $50 million stock buyback to repurchase outstanding shares. The flexible programme aims to bolster shareholder value and align market price with adjusted net asset value. The stock buyback underscores confidence in the company’s strategy and balance sheet.
In its latest quarter, Upexi reported revenue of $9.2 million, up from $4.4 million year-on-year. Net profit rose to $66.7 million after a prior-year loss. Since April, Upexi has also accrued over 2.1 million SOL, strengthening its treasury and adjusted NAV. This move mirrors a wider trend of crypto finance firms using buybacks to stabilise valuations.
Asset manager 21Shares has launched two new crypto ETFs registered under the U.S. Investment Company Act of 1940. The FTSE Crypto 10 Index ETF (TTOP) tracks a market-cap weighted index of the top 10 cryptocurrencies—including BTC, ETH, SOL and DOGE—at a 0.50% fee. The FTSE Crypto 10 ex-BTC Index ETF (TXBC) excludes Bitcoin to focus on smart-contract and application tokens and carries a 0.65% fee. Developed with FTSE Russell, structured with Teucrium and distributed via FalconX, both funds rebalance quarterly. These regulated crypto ETFs offer single-ticker exposure without wallet management or private keys, delivering diversified, cost-efficient access to digital assets for institutional and retail investors.
Chainlink whales withdrew over $26 million LINK from Binance, reducing sell pressure and signaling mounting bullish momentum. LINK held strong at $14.50–$15.00, triggering a rebound toward the descending channel’s mid-point near $17.50. Chainlink’s technical indicators support the upswing: MACD shows a bullish divergence with histogram contraction and rising signal lines. Futures data reveal aggressive buy-side activity, with taker buy dominance and Binance top traders’ long-short ratio above 70%. Sustained on-chain accumulation and trader sentiment point to a breakout. Key targets include $19.14 and $23.79, contingent on volume confirmation. Traders should monitor LINK exchange outflows, support tests, and futures metrics to time entries and manage risk.
Over the past three weeks, whales have sharply increased Dogecoin (DOGE) holdings from 27.6B to 32.4B tokens. The initial 2B acquisition, worth $480M, fueled a 17% rally to $0.24. Despite a pullback to around $0.176 and narrow trading range, whales added another 4.72B DOGE. Price has repeatedly found support at $0.16–$0.17, while RSI cooled from overbought levels and broke its downtrend, mirroring the June breakout. Historical cycle patterns show DOGE in a rising channel with higher lows. Traders eye a potential 311% climb toward $0.70. Optimism is underpinned by a U.S. spot DOGE ETF, now in a 20-day review with 61% odds of approval in 2025. This whale-driven accumulation, solid support, RSI breakout, and ETF catalyst signal a bullish outlook for DOGE.
Bitcoin price slipped below the $100,000 mark on OKX, trading at $99,976.80 after intraday declines of up to 1.98%. Rising selling pressure around this key psychological level reflects heightened market volatility. Traders are now eyeing Bitcoin support near $98,000 and monitoring macroeconomic indicators for potential catalysts. With volatility elevated, risk management strategies—such as adjusting stop-loss orders and taking profits at resistance zones—are advised. While long-term holders may view this dip as a buying opportunity, short-term traders should brace for further downside risks.
Stellar (XLM) dropped from $0.295 to $0.281 after breaching the $0.285 support level. Heavy selling on Nov. 11 drove volume to over 76 million tokens—more than double the 24-hour average. XLM now trades in a tight $0.281–$0.294 trading range. Bears are in control, marked by lower highs and lower lows. Key levels: support at $0.281 and secondary support at $0.278–$0.280; resistance at $0.294. A sustained break above $0.292 could trigger a bullish rebound, with an upside target near $0.296–$0.297. Traders should confirm directional moves with volume over 2 million tokens. The support breakdown on high volume highlights rising bearish momentum and signals potential further declines.
Bearish
XLMStellarSupport BreakdownVolume SurgeTrading Range
BNY Mellon has launched the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), a specialised stablecoin money market fund for issuers like Tether (USDT) and Circle (USDC). The fund invests in high-quality cash equivalents and short-term collateralised debt to meet reserve requirements. It offers institutional-grade liquidity, enhanced reserve transparency and regulatory oversight. BNY Mellon aims to streamline stablecoin reserve management, optimise yields and boost market confidence through this new stablecoin reserves fund.
Scammers are exploiting Australia’s ReportCyber portal to launch a sophisticated crypto scam. They file fake cybercrime reports and call victims, posing as AFP officers investigating a crypto breach. Using stolen data and spoofed numbers, they provide bogus case references and direct victims to official sites for credibility. In some incidents, a second caller mimics a crypto exchange or security firm, urging transfers to a ‘secure wallet’. The AFP warns real officers never request seed phrases, wallet access, or crypto transfers. Victims should hang up, verify case numbers via 1300 CYBER1, and report suspicious activity to ReportCyber. This crypto scam underscores evolving security risks for traders. Meanwhile, Australia tightens AML rules for crypto ATMs and ASIC has shut over 14,000 scam sites since mid-2023. Traders must maintain due diligence to stay ahead of threats.
Bearish
Crypto ScamReportCyber PlatformAustralian Federal PoliceAML RegulationCrypto Security
Phemex today completed its comprehensive rebrand, unveiling a user-first crypto exchange under the tagline “For You. For Tomorrow.” The refreshed brand identity reflects an updated vision—Freedom Through Finance—and reaffirms the exchange’s commitment to security, transparency, and inclusive access.
Since its 2019 launch, Phemex has expanded beyond derivatives into spot trading, copy trading and wealth management services. Serving over 6 million traders worldwide, the exchange combines institutional-grade reliability with a user-centric mindset. CEO Federico Variola highlighted that the rebrand process was driven by deep research and global user feedback, marking the exchange’s sixth anniversary.
The rebrand sets the stage for a global marketing campaign featuring creative storytelling and strategic partnerships. Traders can expect ongoing innovation, enhanced security features and tailored products as Phemex’s brand identity evolves. The Phemex rebrand positions the exchange for its next growth phase, aiming to boost user engagement and reinforce its digital asset ecosystem.