Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Polymarket has secured CFTC approval via an Amended Order of Designation, enabling the decentralized prediction market to re-enter the US as a fully regulated trading platform. This CFTC approval follows a five-month probe by the CFTC and DOJ—during which the FBI seized CEO Shayne Coplan’s devices—after Polymarket suspended US services in 2022. The new order allows US traders to place bets through futures commission merchants and registered securities brokers under federal exchange rules. Under direct CFTC supervision and Commodity Exchange Act Part 16, Polymarket now commits to enhanced market monitoring, settlement processes and detailed trade reporting. Having launched a beta last month, Polymarket plans a full rollout soon, marking a key milestone that could broaden market access and strengthen confidence in digital asset trading.

Grayscale has launched the first Dogecoin ETF (ticker: GDOG) on the NYSE, offering retail and institutional investors a regulated vehicle to gain exposure to DOGE without direct crypto custody. The Dogecoin ETF holds physical DOGE in secure custody, trades like a stock, and leverages market makers to support liquidity and market depth. This milestone marks the first memecoin-focused spot ETF and signals growing institutional acceptance of non-Bitcoin digital assets. In parallel, Grayscale filed for a spot XRP trust and introduced two new XRP-based exchange-traded products in Europe, capitalizing on improving regulatory clarity and rising investor demand for altcoin investment vehicles.

Grayscale’s Dogecoin ETF and XRP ETF have received final SEC approval and will begin trading on NYSE Arca this Monday. The new spot ETFs will hold actual DOGE and XRP tokens in custody. Bloomberg analyst Eric Balchunas forecasts first-day trading volume near $11 million for the Dogecoin ETF. Grayscale’s XRP ETF will launch alongside similar products from Franklin Templeton, WisdomTree, and Canary Capital, which attracted over $250 million at debut. This expansion follows earlier altcoin ETF launches, including funds for Solana, Litecoin and HBAR, amid a more relaxed SEC stance on crypto ETFs. Traders should monitor early order flows and trading volumes to gauge institutional demand and note that XRP has fallen about 18% since early November, highlighting underlying market volatility.

ARK Invest has deployed over $39M to buy crypto stocks amid a market pullback, extending its weeklong buying spree. ARK Invest made purchases through the ARKK, ARKW and ARKF ETFs, acquiring 322,917 shares of Bullish at $47.42 ($15.3M), 1.44M shares of Bitmine at $9.33 ($13.5M) and 195,000 shares of Circle at $40.57 ($7.9M). This move underlines its bullish stance on crypto infrastructure, regulated trading platforms and stablecoin issuers. By increasing exposure to crypto stocks during digital asset price declines, ARK Invest signals confidence in the sector’s medium‐term outlook and may influence broader market sentiment.

Bitcoin spot ETFs saw continued outflows in mid-November, with $250 million withdrawn on Nov. 17 followed by a record $513 million one-day Bitcoin ETF outflow from BlackRock on Nov. 19. Institutional investors rebalanced toward more liquid assets amid soft spot volumes, while other spot BTC ETFs attracted inflows, keeping overall market sentiment neutral. Bitcoin’s price dipped slightly during the Asian session but held steady, reflecting cyclical profit-taking rather than panic selling. These Bitcoin ETF outflows highlight institutional rotation and make ETF flow data a critical indicator for traders monitoring trend reversals. Meanwhile, early-stage Web3 projects such as the Best Wallet Token presale, which has raised over $17 million, are attracting capital, signaling rotation into crypto infrastructure tokens.

State-backed mining has propelled the UAE into the top four Bitcoin holders globally. By August 2025, Citadel Mining’s 80,000 m² Abu Dhabi facility—launched in 2022 with Phoenix Group—had mined 6,450 BTC. Initially holding 6,300 BTC worth $700 million, market volatility has since adjusted its value to around $590 million. Ownership flows from Citadel Mining, majority-owned by International Holding Company, to the UAE Royal Group under Sheikh Tahnoon bin Zayed Al Nahyan. This Bitcoin mining drive underscores growing government involvement and diversifies crypto reserves. For crypto traders, the UAE’s growing bitcoin reserves signal sustained demand and reduced supply, supporting bullish market sentiment.

Bitcoin dipped below $91,000 as the Fear & Greed Index hit “Extreme Fear”. Profit-taking by large holders, tight liquidity and macro uncertainty have traders seeking Layer-2 solutions to boost BTC speed and utility. A key project is Bitcoin Hyper. This Solana VM–powered Layer-2 network settles directly on Bitcoin and supports smart contracts and DeFi. Bitcoin Hyper’s presale has raised $27.8M at $0.01328 per HYPER token. Early backers can stake HYPER for yields in the low 40% APY. The protocol mints wrapped BTC via a canonical bridge and anchors periodically to Bitcoin. With 21B total supply, staged pricing and short lock-ups for principal and rewards, Bitcoin Hyper aims to ensure smooth DEX and CEX listings in 2025. A recent whale allocation of over $500K underlines growing institutional interest. Presale risks include execution challenges, adoption hurdles, tokenomics dilution and team anonymity. However, if Bitcoin Hyper delivers faster transactions, robust security and full programmability, it could become a core infrastructure layer for the Bitcoin ecosystem. In volatile markets, Layer-2 presales like Bitcoin Hyper offer traders a way to hedge BTC drawdowns and access emerging DeFi opportunities.

Japan’s Financial Services Agency (FSA) has unveiled a comprehensive crypto regulation overhaul under the Financial Instruments and Exchange Act. The proposal reclassifies 105 digital tokens, subjecting them to stricter market conduct standards and investor protection rules by 2026. Domestic exchanges must disclose each asset’s issuer, blockchain infrastructure and volatility profile. The crypto regulation introduces a flat 20% capital gains tax on crypto profits, replacing the current income-based system that can reach 55%. It also bans insider trading on crypto listing or delisting events, with penalties to bolster market integrity. Lawmakers are scheduled to debate the proposal in the 2026 session after its submission next year. Alongside the regulatory framework, the FSA is reviewing bank crypto holdings and piloting yen-denominated stablecoins through its Payment Innovation Project. Traders and institutions should prepare for stricter compliance requirements, clearer rules and reduced tax uncertainty under Japan’s upcoming crypto regulation.

Shiba Inu saw a record 207 billion SHIB exit cryptocurrency exchanges in 24 hours, with 121 billion SHIB withdrawn on November 15 and continued outflows on November 16. This large SHIB outflow reduced exchange supply but left the price stuck at around $0.000009. Technical resistance from moving averages and a Relative Strength Index (RSI) of 39 indicate weak short-term momentum, even as steady trading volume suggests accumulation by holders. Analysts say SHIB must break above key resistance levels at $0.0000105 and $0.0000112 to shift sentiment. Historically, sustained exchange withdrawals have preceded bullish reversals, and upcoming project updates may catalyze a price rebound. Traders should monitor SHIB outflow trends and technical indicators for potential entry points.

This week’s report on altcoin active users ranks major L1 blockchains by unique weekly active users via a 7-day rolling window and HyperLogLog algorithms. BNB Chain leads with 17.4 million weekly active users (–13.5% WoW), followed by NEAR Protocol at 15.7 million (–3.2%) and Solana at 12.8 million (+25.0%). Polygon rebounded strongly, surging 64.6% to 3.8 million users. Growth leaders include PancakeSwap (+48.2%), Aptos (+11.5%) and Jito (+1.3%), while opBNB users dipped nearly 20% to 7.2 million. Other networks: Tron logged 6.7 million users (+0.8%), Sei Network saw 3.4 million (–17.4%), Base fell to 2.9 million (–6.0%), Bitcoin held 2.8 million (+0.4%) and Ethereum recorded 2.5 million (–0.2%). These weekly active users metrics highlight shifting network adoption, underscored by the surging demand on Solana and Polygon amid mixed performance elsewhere.

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

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

dYdX governance passed Proposal #313 on November 13, 2025 with 59.38% support, boosting the dYdX buyback rate from 25% to 75%, effective immediately. Under the new framework, 75% of net protocol fees from perpetuals and derivatives will drive open-market repurchases and immediate staking of DYDX tokens, while 5% goes to the Treasury SubDAO, 5% to MegaVault reserves, and 15% funds operations. This aggressive revenue buyback marks one of the highest ratios in DeFi, aiming to reduce circulating supply, stabilize prices, enhance staking yield (potentially above 10% APY), and deepen liquidity and governance participation. The move follows the initial March 2025 v4 mainnet buyback launch and June emission cuts. As dYdX prepares its US market expansion later this year with reduced spot fees of 0.50%–0.65% and new spot trading on Solana and other assets, traders should monitor the buyback’s impact on DYDX token value, liquidity, and governance incentives.

Visa has launched a stablecoin pilot enabling businesses to fund payouts in fiat while delivering USD Coin (USDC) directly to creators’ and gig workers’ crypto wallets via Visa Direct. The program offers near-instant settlement in minutes, reducing fees and currency risk compared to traditional bank transfers. Participants must complete KYC/AML checks, and firms integrate fiat-to-USDC rails. During the pilot, Visa will collect data on transaction speed, user experience and regulatory compliance. Broader availability is expected in the second half of 2026. This move boosts USDC’s on-chain utility and could catalyze mainstream stablecoin payroll solutions, offering recipients flexible options to hold, convert or cash out their earnings.

BitMEX co-founder Arthur Hayes is bullish on the Zcash halving, viewing the November 18 reward cut as a key catalyst to tighten supply and boost ZEC prices. After ZEC slid from nearly $700 to around $478, he pledged to accumulate more at $300–$350. His bullish case rests on three pillars: the halving slashes daily issuance by 50%, Grayscale’s $102 million ZEC fund brings institutional inflows, and on-chain privacy demand is rising. Hayes also urged holders to move tokens into shielded addresses to constrain supply and reduce sell-side pressure. As the Zcash halving approaches, scarcity-driven rally expectations are heating up. However, new EU anti-money laundering rules and FATF travel-rule updates could pose compliance hurdles for privacy coins. Zcash’s optional privacy design offers an advantage over other privacy coins but delisting risks remain. Traders should monitor supply concentration in shielded pools, institutional inflows and market reactions around the halving to gauge short-term volatility and long-term support. Balancing risk and reward is essential given high leverage levels and liquidation risks in this high-volatility privacy coin.

The Ethereum Fusaka upgrade, set for December 3, brings an eightfold boost to on-chain capacity and slashes node storage and bandwidth requirements via PeerDAS. It stabilizes blob fees with EIP-7918’s price floor and ramp controls and introduces dynamic blob tuning through EIP-7892 without hard forks. Four security EIPs (7823, 7825, 7883, 7934) reinforce DoS protections, while pre-confirmed slots and execution optimizations cut finality times, reduce gas costs and lower smart-contract fees. Validator hardware needs fall to 8 GB RAM and 25 Mb/s broadband, enabling home-device staking and enhancing network decentralization. Higher L1 throughput and lower Layer 2 fees unlock real-time DeFi, AI agent and high-frequency DApp use cases. Major protocols like Aave and Synthetix can expect faster settlements, lower slippage and deeper liquidity. Overall, the Ethereum Fusaka upgrade positions the network for renewed ETF flows, improved staking risk profiles and broader adoption.

U.S.-listed spot Bitcoin ETFs snapped a two-week outflow streak with nearly $300 million in net inflows, led by Fidelity’s FBTC and Ark 21Shares’ ARKB. This reversal highlights renewed institutional confidence and a ‘buy the dip’ mentality among investors. European crypto investment products also recorded steady inflows, underscoring divergent regional trends in digital asset demand. Altcoin funds drew significant capital, with Solana-linked products netting $118 million last week—bringing their nine-week total to $2.1 billion—and smaller but steady inflows seen in HBAR. On-chain fundamentals remain supportive: Bitcoin’s circulating supply is approaching 19.95 million (95% of its 21 million cap), reinforcing its scarcity narrative. Bitcoin and Ethereum prices rose 1.4% and 2.1% respectively, reflecting bullish market sentiment and potential short-term upside.

Brazil crypto regulation takes effect on February 2, 2026, after the Central Bank approved Resolutions 519, 520 and 521. These rules require all virtual-asset service providers (VASPs) to register under the new Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAV) framework. Licensed VASPs face strict anti-money laundering, counter-terrorism financing and customer-protection standards. Resolution 521 treats stablecoin transfers as foreign-exchange transactions. It caps unauthorized cross-border trades at $100,000 and mandates reporting of all cross-border crypto dealings from May 4, 2026. A parallel bill proposes paying up to 50% of wages in cryptocurrency. The new framework follows a July 2025 cyberattack and aims to boost market transparency and integrity. Brazil crypto regulation offers clear guidance for firms and traders.

Circle has minted $250 million USDC, fully backed by dollar reserves in regulated institutions. This substantial stablecoin mint signals rising institutional demand and preparation for major trades or liquidity needs on exchanges and DeFi platforms. By injecting fresh USDC into circulation, large investors gain the capital to execute sizable orders, hedge positions, and support lending operations. The new USDC supply underlines its role as a trusted digital dollar and reflects growing confidence among institutional players. Traders should watch exchange inflows, stablecoin pairing volumes, DeFi liquidity metrics, and lending rates. Increased USDC supply may lower borrowing costs, deepen liquidity pools, and boost market activity. These shifts could stabilize prices across crypto markets and hint at bullish sentiment, especially for BTC and ETH.

Iran’s energy crisis has spurred a major crackdown on illegal Bitcoin mining. Officials report over 427,000 rigs operating without licenses, drawing about 1,400 MW of power—enough to supply 8,000 homes in early 2025. Hidden in factories and disguised as industrial sites, many farms tap directly into the grid using forged meters. As the world’s fifth-largest Bitcoin mining hub (4.5% of global hashrate), Iran attributed up to 20% of its power deficit to unauthorized mining. Initial raids shut down 104 illegal farms and seized 1,400 machines. This year, authorities have dismantled 900,000 rigs, cutting consumption by 2,400 MW. The energy ministry plans further meter inspections and offers informants up to 1 million tomans ($24) per tip-off. Enforcement challenges persist, with some state-linked entities operating with impunity. Traders should watch for sudden shifts in Iran’s mining capacity and potential hashrate volatility as officials tighten regulations.

CFTC Acting Chair Caroline Pham has confirmed that the agency will greenlight leveraged spot crypto trading in the US as early as next month. The CFTC is in talks with regulated exchanges—including CME, Cboe Futures Exchange, Coinbase Derivatives, Kalshi and Polymarket US—to launch leveraged spot crypto trading products. Under the Commodity Exchange Act, these leveraged transactions must result in actual delivery of crypto within 28 days, limiting open positions. The move builds on an August proposal on retail commodity trading with leverage, margin and financing. The CFTC plans to issue formal guidance on these products soon, using existing powers rather than waiting for new legislation. This step aims to bring institutional oversight, risk management and investor protections to onshore spot crypto markets that have largely operated offshore. Despite the ongoing US government shutdown, Senate leaders are close to a funding deal that could restore regulatory momentum. Traders should monitor forthcoming CFTC rules and the 28-day delivery limit, which may affect leverage strategies and market liquidity.

American Bitcoin, a Miami-based Bitcoin mining and treasury firm backed by Eric Trump and Donald Trump Jr., initially acquired 1,414 BTC for $163 million and subsequently purchased 139 BTC worth $14 million between October 24 and November 5. Its treasury now totals 4,004 BTC, valued at about $415 million and ranking 25th largest worldwide. Formed through a merger with Hut 8, the company has boosted its Bitcoin-per-share ratio by 3.4% to 432 via scaled mining operations and disciplined at-market buys, including BTC pledged under a Bitmain miner agreement. Since debuting on Nasdaq in September, shares jumped over 16% on day one, reflecting robust investor demand for its Bitcoin strategy. The Trump family’s increased crypto involvement, highlighted by President Trump’s pardon of Binance CEO Changpeng Zhao, has prompted political scrutiny over potential conflicts of interest.

JPMorgan analysts see Bitcoin trading roughly $68,000 below its estimated fair value of $170,000, based on a gold-based risk model that assumes BTC consumes 1.8 times more risk capital than gold. With $6.2 trillion invested in gold via ETFs, bars, and coins, Bitcoin’s market cap must grow by two-thirds to reach parity. After a healthy 20% correction in October and completed futures deleveraging, volatility has eased, and BTC has stabilized above $100,000 amid rising gold volatility. JPMorgan highlights strong liquidity and rising equity risk, positioning Bitcoin as a potential hedge. Over the next 6–12 months, the bank forecasts significant upside for BTC underpinned by market cycles and supportive macro conditions.

Ripple funding continues to gain momentum as the crypto payments firm closed a $500 million funding round at a $40 billion valuation. The latest raise was led by Citadel Securities and Fortress Investment Group, with participation from Pantera Capital, Galaxy Digital, Brevan Howard and others. This injection of capital underscores rising institutional investment in crypto infrastructure. Since 2012, Ripple has secured nearly $800 million in venture funding. In its strongest year to date, the company expanded beyond payments into stablecoins, crypto custody, prime brokerage and corporate treasury. Ripple also completed six acquisitions in just over two years, notably the $1.25 billion purchase of Hidden Road and earlier deals for Rail and GTreasury. Regulatory clarity improved in March when the SEC dropped its securities lawsuit against Ripple, removing a major overhang. For traders, the boost in institutional confidence and Ripple’s growth strategy built on XRP and stablecoins could drive higher liquidity and trading volumes in XRP markets.

French semiconductor firm Sequans Communications completed a strategic Bitcoin sale of 970 BTC (≈$100 million) to repurchase convertible bonds and halve its $189 million debt. The move reduced its total debt to $94.5 million and improved the debt-to-NAV ratio to 39%. It marks the first Bitcoin sale by a Digital Asset Treasury firm. Post-sale, Sequans holds 2,264 BTC (≈$240 million). Management says the Bitcoin sale enhances financial flexibility, risk management and supports an expanded ADS buyback program. Despite this, Sequans shares remain discounted with a 40% decline over one month. Traders will monitor the impact on crypto financing and market sentiment.

Balancer exploit has drained over $128 million from Balancer v2 liquidity pools across Ethereum, Polygon, Base and Sonic networks. The attacker exploited a smart contract vulnerability in the manageUserBalance function to perform unauthorized withdrawals, siphoning tokens such as 6,590 WETH, 6,850 osETH, 4,260 wstETH and additional staked ETH assets. Balancer’s security team confirmed the breach and, in an unprecedented move, offered the hacker a 20% bounty on returned funds within 48 hours before involving law enforcement and blockchain forensics. This Balancer exploit highlights persistent DeFi security risks and may prompt enhanced audits of automated market makers. Traders should monitor BAL price volatility, potential liquidity outflows, rising gas fees and risk premiums as DeFi security concerns escalate.

Ripple Prime has launched its OTC spot brokerage in the US, enabling institutional clients to execute, cross-margin and settle OTC spot trades in XRP, RLUSD and other digital assets. The service integrates with Ripple’s existing derivatives, FX, swaps and CME futures and options, offering seamless institutional trading infrastructure. Backed by Ripple’s $1.25 billion acquisition of Hidden Road and strategic deals like the $1 billion GTreasury buy and partnerships in Bahrain and South Africa, Ripple Prime expands its global footprint and reduces counterparty risk. RLUSD compliance under the GENIUS Act and progress toward a US national bank charter enhance institutional trust. With around 20 XRP ETF applications pending at the SEC and eight ETFs in the DTCC pipeline, experts predict the first spot XRP ETFs will launch soon. XRP is trading around $2.41, down over 8% this week, reflecting short-term consolidation. Ripple Prime’s OTC spot brokerage could drive liquidity and position XRP at the center of institutional adoption and anticipated ETF inflows.

ARK Invest has continued to increase its stake in Bullish Exchange, acquiring over $5 million of shares across three of its ETFs – ARKK, ARKW and ARKF – following a mid-October purchase of $8.27 million. This brings ARK’s total investment in Bullish to approximately $180 million since the exchange’s $1.1 billion NYSE debut. The Bullish US launch secured New York’s BitLicense and a money transmission license, enabling spot trading in 20 states. Bullish has processed more than $1.5 trillion in global trades since 2021 and ranks among the top 10 venues for Bitcoin (BTC) and Ethereum (ETH) volume. This latest ETF investment by ARK Invest underscores confidence in regulated trading platforms and may signal sustained bullish momentum in Bitcoin and Ethereum markets.

Bitcoin options expiry and Ethereum options expiry on October 31 will see $13.4 billion in BTC contracts and $2.5 billion in ETH contracts lapse, part of a record $15.9 billion of crypto options. Deribit data show a 0.7 put-to-call ratio for both markets and place Bitcoin’s max pain at $114,000 and Ethereum’s at $4,100. Bitcoin, trading near $108,000, faces a breakout test at $112,000 — a decisive move above this level, driven by the Bitcoin options expiry, could spark a short squeeze; failure to hold support at $107,000 risks a drop to $103,000–$104,000. For Ethereum, an ETH options expiry and a Bitcoin-led rally may lift ETH toward $4,200. Historical expiries boost volatility by 5–10%, so traders should watch critical levels around the Bitcoin options expiry and Ethereum options expiry to plan breakout or correction strategies.