Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

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.

Rising US government deficits and the Federal Reserve’s stealth quantitative easing via its Standing Repo Facility are poised to spark the next crypto bull market. As annual Treasury issuance approaches $2 trillion, relative value hedge funds fund purchases through repos. When repo liquidity tightens, the Fed’s SRF creates off-balance-sheet USD liquidity, widening dollar supply. This stealth QE supports future crypto gains. Recent market weakness reflects a drain on the Treasury General Account during the US government shutdown. Once the shutdown ends and SRF lending expands, excess USD liquidity will re-enter markets, underpinning Bitcoin and broader crypto rally. Traders should watch SRF balances, repo rates (SOFR spreads), Treasury auctions, and TGA flows as leading indicators of the next crypto bull market.

Dogecoin fell 5% to $0.16 on November 6 after failing to hold $0.18 support, driven by large whale distribution of over 1 billion DOGE (~$440 million) and institutional selling. Trading volume surged 94% above average, pushing prices to a session low of $0.1528 before a brief rebound capped at $0.17. On-chain data confirmed substantial outflows from large-holder wallets. Technical indicators remain bearish: Dogecoin has formed lower highs and lower lows, hourly momentum oscillators are negative, and the daily RSI sits below 40. Traders eye immediate support at $0.1550–$0.1555, with a break potentially targeting $0.1520–$0.1500. A sustained move above $0.1630–$0.1650 is needed to challenge the descending trend. The sharpest decline since 2020 reflects a shift in institutional focus towards Bitcoin and Ethereum, undermining confidence among top holders.

In September 2022, the DWF Labs hack saw DPRK-linked AppleJeus exploit compromised wallet and exchange credentials to drain $44 million in USDC and USDT from the market maker’s address. On-chain analysis by tanuki42 traced the stolen funds through the Ren bridge into BTC before mixing them via Mixero; about $30 million in Bitcoin remains on-chain. The DWF Labs hack highlights persistent risks to private keys and centralized exchange security. DWF Labs’ silence on the breach drew criticism from crypto investigator ZachXBT for transparency failures. For traders, the DWF Labs hack underscores potential liquidity impacts and market confidence risks; monitoring chain data, forensic updates, and any DWF Labs disclosures can help manage exposure.

An anonymous whale on Hyperliquid used 5–8× leverage across BTC, ETH and SOL trades starting October 14, amassing $25.3M profit over 14 consecutive wins by October 28. A market pullback from October 29 led to $15.8M in losses by November 4 as the trader hedged winning positions but doubled down on losing longs. Ignoring risk controls, the whale added leverage at positions just 8% above liquidation prices during ETH and SOL dips, triggering a forced liquidation on November 5. The whale liquidation wiped out $44.7M in profit and capital, leaving only $1.4M collateral. This whale liquidation underscores the high stakes of leveraged trading and the critical need for strict risk management to navigate volatile crypto markets, as sharp price swings and liquidity crunches often follow such events.

The US government shutdown has entered its 36th day, marking the longest closure in history and stalling progress on crypto market structure legislation. Key federal departments and staff responsible for drafting the bill are furloughed, delaying a markup once targeted for Thanksgiving. White House digital assets advisor Patrick Witt warns that President Trump’s goal for a 2025 final vote is now in jeopardy. Blockchain Association CEO Summer Mersinger adds that ongoing deadlock and a stronger Democratic showing in recent elections further reduce the odds of passing the crypto market structure legislation before 2026. While deeper engagement with congressional offices continues, experts foresee only modest movement by year-end. Traders face prolonged regulatory uncertainty as the bill’s timeline shifts toward 2026.

Gemini Space Station Inc. has filed an application with the US Commodity Futures Trading Commission (CFTC) to launch a regulated prediction market platform under the new entity Gemini Titan. The application seeks designation as a contract market for event-driven derivative products managed directly by Gemini Titan, bypassing third-party partners. In its filing, Gemini also opposed the CFTC’s proposed ban on event contracts, warning that blanket restrictions would stifle legitimate growth in prediction markets. To secure approval, Gemini Titan must comply with 23 regulatory standards including trading surveillance, financial safeguards and system integrity. The move positions Gemini Titan against existing rivals such as Kalshi and Polymarket, which saw weekly volumes of $2 billion. The push into regulated prediction markets comes amid financial headwinds: since its September IPO, Gemini’s shares have fallen 49%, revenue fell to $68.6 million year‐on‐year and the company posted a $282 million loss in H1 2025. With over 80% of trading volume driven by institutional clients, the shift highlights a strategic pivot toward compliant, institution-focused trading.

MicroStrategy’s Bitcoin Treasury of 641,205 BTC (about $64 billion) is largely insulated from forced sales by its convertible debt structure. The company’s $1.01 billion senior notes due September 15, 2027, include a holder put right and can be settled in cash, stock, or both. Analyst Willy Woo estimates MicroStrategy’s stock must stay above $183 (implying Bitcoin near $91,500) to avoid any BTC liquidation at maturity. Most analysts agree that only a dramatic, sustained price collapse would trigger a sale. Even if recovery slows into 2028, any BTC sale would be limited. This convertible debt arrangement shields the Bitcoin Treasury from margin calls and reduces potential supply pressure, supporting market stability. Traders can factor this resilience into risk assessments as Bitcoin navigates the next bear cycle.

France’s lower house has approved a landmark France crypto tax amendment that introduces a tiered levy on crypto holdings. Under the France crypto tax, portfolios exceeding €2 million will face a 1% annual levy, rising to 1.5% for holdings over €10 million. Digital assets are now classed as unproductive wealth, similar to gold and luxury goods. The tax targets unsold crypto, aiming to nudge investors toward productive investments like rental properties, which remain exempt. Proposed by MP Jean-Paul Mattei and passed 163–150, the measure includes no carve-outs for founders or tokens from business incentives. Critics warn of capital flight and penalising ecosystem builders. Traders should prepare for new compliance requirements, keeping detailed records of acquisition costs and valuations. The bill now moves to the Senate, with final adoption expected by December 31, 2025. Market participants must monitor implementing decrees to understand future reporting rules and liquidity impacts.

On November 5, 2025, Bitcoin slipped below the critical $100,000 level to trade at $99,972.75 on the Binance USDT market, echoing a similar drop in late August when it fell under $113,000. Both sell-offs were driven by rising inflation data, looming interest-rate hikes, regulatory uncertainty and large profit-taking by whale investors. Short-term traders faced stop-loss triggers amid elevated market volatility, while long-term holders viewed the correction as a buying opportunity. Recommended strategies include dollar-cost averaging, portfolio rebalancing, setting stop-loss orders and maintaining a long-term perspective. Historical patterns show Bitcoin’s resilience after past downturns, often leading to new all-time highs. Traders should monitor the upcoming halving, institutional adoption rates, regulatory developments and global economic indicators as key catalysts for the next move.

On November 3, a callback flaw in Balancer V2’s Composable Stable Pools manageUserBalance function was exploited, draining about 6,851 osETH (over $25 million) and 13,495 osGNO. The attacker converted more than half the stolen assets into ETH. Following the Balancer hack, StakeWise’s DAO emergency multisig recovered 5,041 osETH (~$19.3 million), reducing net losses from $117 million to $98 million and reclaiming 73.5% of the stolen osETH; the remaining 26.5% (approx $7 million) remains unrecovered. Balancer paused vulnerable pools, issued a 20% white-hat bounty (~$25.6 million) for full fund return, and warned users of potential scams. In the 24 hours after the Balancer hack, TVL fell from $442 million to $214.5 million and the BAL token dropped 8%. Broader market weakness saw BTC and ETH decline 18% and 27% over the past month. Security firms Nansen and PeckShield confirmed the breach was a technical exploit, not a key theft. Recoveries will be redistributed pro-rata to affected users once a full post-mortem is published. Experts warn that similar smart contract flaws could threaten other DeFi platforms.

Bitcoin price has weakened to a four-month low of $100,800, slipping 10% over the past week as long-term holders intensify sell-offs. Analysts have revised the Bitcoin price forecast for 2025 down to a $125,000 ceiling, trimming earlier year-end targets of $200,000–$250,000. This price forecast reflects intensifying market fear and structural pressure. The Crypto Fear & Greed Index stands at 21, indicating extreme fear. ShapeShift’s Houston Morgan cites U.S. political news correlations and failure to build on October highs as key headwinds. Bitfinex warns that failure to regain $116,000 could prompt further declines by year-end. Looking to 2026, views diverge. Bitwise’s Matt Hougan is bullish on a cyclical upswing, while others warn of a midterm election slump. Analyst Peter Brandt even predicts a drop to $60,000 in a bear-market scenario. Traders should watch evolving Bitcoin price forecasts, investor sentiment, and political catalysts to navigate short-term volatility and long-term recovery potential.

Strategy Inc has launched a €350 million European IPO to issue 3.5 million shares of its 10% Series A Perpetual Stream Preferred Stock at €100 par each. Dividends accrue at a 10% annual rate, paid quarterly in cash, with deferred payments starting at 11% and rising 1% per quarter up to 18%. Shares are redeemable upon certain tax events or if fewer than 25% remain in issue. The offering targets qualified institutional investors in the EU and UK, excluding retail investors under local regulations. The European IPO will directly fund further Bitcoin acquisitions and accelerate Strategy’s Bitcoin acquisitions roadmap. Strategy holds over 641,000 BTC (~$67.7 billion) and reported US$2.8 billion in net income. Led by Michael Saylor, the firm uses equity issuances to expand its crypto treasury and drive institutional demand amid Bitcoin volatility.

An anonymous crypto whale has netted nearly $100 million by shorting ASTER, ETH, XRP, DOGE and PEPE following Binance CEO Changpeng Zhao’s $2.5 million ASTER purchase announcement. The whale’s 58.27 million ASTER shorts on Hyperliquid—worth $51.14 million with a $2.091 liquidation price—have generated about $21 million in unrealized gains as ASTER’s price fell over 20% to $0.88. Combined with profitable shorts on ETH, XRP, DOGE and PEPE, the trader’s total profit reaches almost $100 million. This contrarian strategy capitalized on hype-driven ASTER rallies and broader market corrections after events like the $120 million Balancer exploit. Meanwhile, major crypto indexes slid 3.75%, fear levels rose to 27 and over $1.3 billion in long positions were liquidated. Zhao clarified he is a long-term investor, not a trader, igniting initial buying momentum. The divergence between CZ’s buy-and-hold ASTER strategy and the giant whale’s aggressive shorting underscores ongoing volatility and opportunism in the crypto market.

Balancer hack in early November saw a sophisticated attacker steal $116 million in digital assets. On-chain data show months of preparation: the hacker deposited 0.1 ETH at a time through Tornado Cash and pre-funded the exploit account with 100 ETH to evade detection. Exploiting a governance flaw in Balancer’s smart contracts, the attacker manipulated asset balances to bypass protocol safeguards. Chainalysis and Coinbase analysis found no operational security leaks and compared the tactics to North Korea’s Lazarus Group, noting a drop in related activity after July. Balancer has offered a 20% white-hat bounty for full fund recovery by the deadline. Cyvers CEO Deddy Lavid called it one of the year’s most complex attacks. He warned that static audits are insufficient and urged real-time monitoring and stronger governance in DeFi. The Balancer hack underscores evolving DeFi security risks and the need for proactive defenses.

OFAC has sanctioned a North Korea crypto laundering network that processed illicit cryptocurrency transactions. The action targets Korea Mangyongdae Computer Technology Corporation, Cheil Credit Bank and 54 linked crypto addresses. Based on Chainalysis findings, the network laundered hack proceeds and IT outsourcing payments to fund DPRK operations. OFAC sanctions freeze U.S. jurisdiction assets and ban dealings by U.S. persons. This crypto laundering crackdown follows last month’s US MSMT North Korea cybersecurity report and highlights enforcement trends in virtual asset risk management. Exchanges and compliance teams must update due diligence protocols, monitor flagged addresses and prevent DPRK finance schemes. Traders should brace for stricter crypto compliance and potential address freezes.

Global liquidity cycle appears to have peaked as post-pandemic fiscal stimulus gives way to a private-sector-led phase. Tariff hikes and cuts under the ’Big Beautiful Bill’ are draining liquidity, while Treasury QE via short-term bills fades. The Global Liquidity Index has reached historical highs, and rising debt-to-liquidity ratios threaten trillions in maturing debt. Commodities such as gold, silver and copper have been the last to rollover. As the global liquidity cycle contracts, traders should prepare for rotation from risk assets into cash and bonds and monitor liquidity indicators to manage risk. Bitcoin’s bull run often ends months before a liquidity downturn, making its recent peak a key signal.

FTX withdraws motion to delay payouts for users in 49 jurisdictions, including China, Russia, Saudi Arabia and Ukraine. Creditors holding about $380 million in bankruptcy claims objected, prompting the trust to withdraw the request. FTX withdraws motion clears the way for global payouts and removes a legal obstacle in the FTX bankruptcy process. The FTX Recovery Trust reserves the right to refile the motion following court procedures. Creditors hail the move as a victory and urge vigilance until full repayments. This development boosts creditor confidence and may improve market stability.

HyperUnit, a crypto whale, has opened $55 million in long positions on Bitcoin and Ethereum via the Hyperliquid exchange. The crypto whale allocated $37 million to BTC longs and $18 million to ETH longs amid a market correction and low Fear & Greed Index reading of 21. Known for netting $200 million from predicting October’s US-China tariff crash, HyperUnit also bought $850 million of Bitcoin during the 2018 bear market and held through cycles to peaks above $10 billion. On-chain data from CryptoQuant and Santiment show reduced exchange balances, suggesting eased selling pressure and a potential price rebound. Bitcoin trades near $100,600, while Ethereum is around $3,600.

UBS has launched the first live tokenized fund on Ethereum, processing real-time subscription and redemption orders for its uMINT money market fund using Chainlink’s DTA standard and DigiFT. Built without altering legacy systems, the blockchain fund management workflow integrates the Chainlink Runtime Environment for SWIFT ISO 20022 conversion, the Cross-Chain Interoperability Protocol, an Automated Compliance Engine for KYC/AML, and NAVLink for live NAV feeds. This fully on-chain process handles order taking, execution, settlement, and data synchronization between on-chain and off-chain systems without manual intervention. Following pilots in Singapore’s Project Guardian and zkSync-based services, this milestone under UBS’s Tokenize initiative marks growing institutional adoption of tokenized assets. Traders should note the potential for higher Ethereum network usage and increased Chainlink oracle fees as demand for tokenized fund products rises.

David Sacks, White House AI and crypto advisor, warned on a16z’s The Ben & Marc Show that broad AI regulation could heighten AI surveillance risks. He said governments might exploit AI to monitor citizens and manipulate information flows. Sacks argued that existing anti-discrimination and privacy laws already address misuse. He proposes enforcing penalties on end users who deploy AI discriminately while preserving developers’ innovation freedom. On crypto regulation, Sacks called for clear, structured rules for stablecoins, exchanges and DeFi to attract investment. He contrasted this with overreaching AI oversight, highlighting blockchain’s privacy-by-design features as a defense against centralized surveillance. His balanced strategy aims to protect digital freedoms, maintain US competitiveness in AI governance and foster crypto industry growth under light-touch governance.

Crypto.com and Hollywood have launched a CFTC-compliant entertainment prediction market that allows users to trade yes/no event contracts on film box-office results, TV ratings, music chart positions and major award outcomes. The platform leverages Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse with a DCO amendment, to offer cleared margin derivatives for U.S. users. Prices update in real time to reflect breaking news and developments, merging pop-culture engagement with crypto trading. Following Crypto.com’s Q3 performance—US$1.2 billion revenue and US$75 million net income—the new prediction market taps into a sector with monthly trading volumes exceeding US$1.3 trillion in 2023. Powered by the CRO token ecosystem, the regulated entertainment prediction market aims to broaden cryptocurrency adoption, attract new users and generate fresh fee-based revenue.

BlackRock, the world’s largest asset manager, will list its Bitcoin ETF on the Australian Securities Exchange by mid-November. The fund allows investors to gain Bitcoin exposure through regulated brokerage accounts without holding the cryptocurrency directly. Australia’s progressive digital-asset regulations and mature financial market make the ASX an ideal venue for a regulated crypto product. The BlackRock Bitcoin ETF offers institutional credibility and enhanced accessibility for both retail and institutional investors, including superannuation funds. By removing the need for private wallet management, the ETF could boost market liquidity and attract a wider investor base. Traders should note Bitcoin’s inherent volatility and monitor evolving Australian regulations. As the mid-November launch approaches, market participants will watch trading volumes and market reactions, which may influence broader crypto adoption and price stability. This launch marks a significant convergence of traditional finance and digital assets and sets a precedent for future global Bitcoin ETF offerings.

According to a JPMorgan report cited by CoinDesk, Bitcoin hashrate climbed 5% to 1,082 EH/s in October and has since surged to a record 1,157 EH/s. The rising Bitcoin hashrate boosts network security and decentralization but intensifies mining competition and pushes difficulty to new highs. Block reward revenue fell 3% to about $48,000 per EH/s per day. Publicly listed U.S. mining firms saw their market caps jump 25% to $70 billion, driven by strategic AI pivots and the diversification of computing infrastructure for AI workloads. Despite robust network growth, Bitcoin’s price remains range-bound, suggesting market reactions lag behind hashrate gains. Traders should watch energy costs, hardware efficiency, and miners’ AI strategies for their impact on mining profitability and Bitcoin price momentum.

On November 3, Hong Kong’s Securities and Futures Commission (SFC) eased Hong Kong crypto rules to boost market liquidity and attract global players. Licensed exchanges can now access overseas affiliates’ liquidity pools. This change aims to narrow spreads on major assets like BTC and ETH by up to 20%. The SFC also waived the 12-month track record requirement for new platforms serving professional investors. Revised custody licences for digital asset custodians will open next year. Full licences for stablecoin issuers and crypto dealers are expected by 2026. CEO Julia Leung says these pragmatic Hong Kong crypto rules will strengthen the city’s position against Singapore and support growth in its digital asset ecosystem.

BitMine has expanded its Ethereum reserves by 82,353 ETH, lifting total holdings to 3.4 million ETH (≈$12 billion). The firm also holds 192 BTC, a $62 million stake in Eightco Holdings (the issuer of Worldcoin), and $389 million in cash. These Ethereum reserves now represent 2.8% of ETH’s total supply, making BitMine the largest corporate Ethereum investor and the second-largest crypto reserve behind MicroStrategy. As part of its Moonshot program, BitMine initially invested $20 million in Eightco’s $270 million PIPE. Backers include Bill Miller III, Cathie Wood’s Ark Invest, Peter Thiel’s Founders Fund, DCG, Galaxy Digital, Kraken, and Pantera Capital. Despite the asset boost, BitMine’s shares fell 8.12% to $42.86 amid market weakness, with a five-day average daily turnover of $1.5 billion. Management still targets holding 5% of Ethereum’s supply, viewing ETH as a major macro trade over the next decade.

Cipher Mining has secured a 15-year, $5.5 billion AWS AI hosting lease to deliver 300 megawatts of turnkey data centre space and power for AI workloads. The contract, split into two phases from July and August 2026, marks the bitcoin miner’s first direct deal with a Tier 1 hyperscaler and underpins a strategic shift into HPC hosting. In Q3, the company reduced its net loss to $3 million from $46 million a year earlier and reported $41 million in adjusted EBITDA. Following the AWS AI hosting announcement, Cipher Mining’s shares jumped 32%, peaking at $24.80 before settling at $22.76. This latest AWS AI hosting deal builds on a previous $3 billion partnership with Fluidstack and Google, which took a 5.4% stake, and a 95% equity share in the Colchis 1 GW project in West Texas. As bitcoin mining rewards decline after the April 2024 halving, miners like Cipher and IREN—now in a $9.7 billion GPU cloud contract with Microsoft—are diversifying into AI and high-performance computing to stabilise long-term revenue.

Lava has expanded its bitcoin-backed credit offerings and secured $200M in Series A funding following an initial $10M raise and a $17.5M extension. The platform’s bitcoin-backed credit delivers overcollateralized loans secured by BTC, enabling traders to borrow US dollars without selling BTC at competitive rates. Lenders can earn up to 7.5% on USD deposits, complemented by zero-fee bitcoin trading and yield-bearing USD accounts. The new capital will fund platform expansion, enhanced risk management and regulatory compliance. Lava’s launch comes amid a surge in late-stage crypto financing, reflecting growing institutional demand for crypto lending solutions.

Coin Center has filed an amicus brief challenging the US government’s fraud theory in the high-profile $25 million Ethereum MEV trial. The advocacy group argues that “honest validation” is merely a mathematical consensus check within the Ethereum protocol, not a legal standard. Prosecutors allege brothers Anton and James Peraire-Bueno misrepresented themselves as honest validators by using MEV bots to reorder transactions in April 2023. Coin Center counters that the exploit complied with all on-chain rules and warns that criminalizing such protocol-compliant actions could hamper blockchain innovation. The outcome may set key precedents for DeFi regulation, fraud interpretation and Ethereum validator incentives. Traders should watch the jury verdict for its potential impact on Ethereum MEV dynamics and wider market sentiment.