Crypto News

Best Wallet’s native token $BEST has exceeded $18 million in its presale with only hours remaining. The project positions itself as a mobile‑first “crypto super app” combining institutional‑grade MPC key management (Fireblocks MPC‑CMP), a Rubic‑powered DEX aggregator across ~330 DEXs, about 30 cross‑chain bridges, staking aggregation, multi‑wallet portfolios and a curated presale portal to simplify early allocations. Organizers state an ambitious user goal — up to 40% of global wallet users by 2026. Recent flagged transactions (~$12K, $85.6K and $60.1K) indicate whale participation. Presale pricing is around $0.02601 per $BEST. Promotional price scenarios in coverage project $BEST could reach $0.62 by end‑2026 and $0.82+ by 2030 (theoretical ROI projections of ~2,200–3,000% from presale), though articles stress these are speculative and include standard DYOR disclaimers. For traders: the news creates urgency to participate before exchange listing, highlights staking and fee benefits for token holders, and suggests integrated presale access may reduce reliance on external launchpads — factors that could concentrate demand at listing. This is not financial advice.

Nasdaq has filed with the SEC to raise position limits for options on BlackRock’s iShares Bitcoin Trust (IBIT) from 25,000 to 1,000,000 contracts — a roughly 40-fold increase intended to deepen IBIT options liquidity and enable larger institutional derivatives exposure. The proposal follows earlier limit increases and rapid growth in IBIT trading and options interest since IBIT’s 2024 launch. CoinGlass data cited in later reporting shows a roughly $4 billion one-day rise in Bitcoin options open interest to about $62 billion, coinciding with a short-term V-shaped BTC price rebound toward ~$92,000. However, headwinds remain: BlackRock reportedly reduced spot IBIT holdings by ~30,000 BTC since October and IBIT experienced roughly $3 billion of outflows in November. Nasdaq and quoted analysts argue higher limits would support larger hedging and trading strategies without fragmenting liquidity, likely tightening bid-ask spreads, deepening order books and modestly lowering implied volatility. Risks include increased leverage and potential for larger directional moves in options-driven flows. The filing requires SEC review (typically ~45 days). Approval could further institutionalize Bitcoin derivatives, attract sophisticated traders, and set a precedent for other crypto ETFs, but net benefits for liquidity and ETF inflows will depend on sustained BTC price strength (key resistance near ~$94,000) and easing market fear.

Franklin Templeton has filed a Form 8‑A with the U.S. SEC to register the Franklin Solana Trust, a final procedural step toward listing a spot Solana (SOL) ETF on NYSE Arca. The ETF will hold physical SOL in custody, track the CF Benchmarks Solana Index, offer direct spot exposure with fractional shares priced daily net of a 0.19% management fee (fees waived on the first $5bn through May 31, 2026 per prior filings), and follows an amended S‑1. Market participants treat an 8‑A as close to a launch — trading could begin within days once remaining regulatory formalities are cleared. At publication SOL traded near $137 with ~ $76bn market cap and $5bn 24‑hour volume. On‑chain data shows roughly 13 million SOL clustered around $142, creating a heavy overhead supply zone at $138–$142; traders view a successful break above that band as opening a move toward $150, while failure risks a pullback to $118–$110. Analysts note Solana reclaimed a weekly order block near $118–$130, forming a base for recent gains. For traders: the ETF listing is a likely liquidity and demand catalyst for SOL (primary keyword: Solana spot ETF, secondary: SOL ETF, NYSE Arca). Short‑term price action will hinge on clearing the $138–$142 supply zone and defending support around $118–$130; a breakout could spark further inflows and momentum, whereas rejection may lead to downside testing. This is informational and not investment advice.

MoonPay, a global fiat-on-ramp and payments provider, has received a limited-purpose trust charter from the New York State Department of Financial Services (NYDFS). The charter authorises MoonPay to offer regulated digital-asset services in New York — including custody, fiat on-ramps, and expanded institutional services — under state supervision. This follows the company’s earlier NYDFS BitLicense and strengthens its compliance credentials, potentially enabling deeper partnerships with exchanges, wallets and financial institutions that require U.S. regulated counterparties. MoonPay says the charter will improve safety for fiat-to-crypto rails and help scale regulated offerings such as custody and over-the-counter trading. Strategic implications include higher institutional trust and likely growth in transaction volumes through regulated channels, offset by added operational costs and compliance overhead associated with maintaining the charter. The move also comes amid broader industry shifts — including interest in stablecoin issuance after recent U.S. regulatory developments — and could position MoonPay to support stablecoin distribution and other regulated product rollouts.

Spot Bitcoin ETFs recorded net inflows of about $129 million on November 25, reversing a stretch of outflows and signaling a partial recovery in investor sentiment toward Bitcoin ETFs. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the inflows, with BlackRock’s spot product also posting gains; other providers including Ark Invest and VanEck saw outflows. Analysts attribute the move to persistent institutional demand for regulated Bitcoin exposure, the appeal of familiar asset managers and institutional custody, and the ETFs’ straightforward access and regulatory clarity. For traders, ETF flows remain an important near-term indicator of market confidence and liquidity for BTC exposure: sustained inflows can provide price support and fuel momentum, while reversals may reflect profit-taking or portfolio rebalancing. Monitor daily ETF flow reports, short-term liquidity, and on-chain metrics for signs of follow-through.

Bitcoin price climbed above $88,000 on Binance USDT markets, driven by accelerating institutional adoption, positive regulatory developments and growing mainstream acceptance. Trading volumes have surged, while long-term holders reduced selling pressure, creating a supply squeeze that underpinned further gains. Global inflation concerns and currency volatility strengthened Bitcoin’s role as an inflation hedge, attracting both retail and professional investors. Meanwhile, blockchain scalability upgrades and clearer regulatory frameworks have bolstered market confidence. Despite sustained momentum, high volatility persists and rapid price corrections remain possible. Traders should manage risk with diversified portfolios, dollar‐cost averaging and clear stop‐loss levels, combining technical and fundamental analysis to navigate short-term swings and potential regulatory shifts.

Japan’s Financial Services Agency (FSA) will require all licensed crypto exchanges to hold dedicated crypto exchange reserves from 2026 to cover user losses from hacks or security breaches. The new rules extend reserve obligations to both hot and cold wallets and allow firms to combine reserves with insurance. Requirements will scale by trading volume, ranging from $12.7 million to $255 million, mirroring traditional securities frameworks where brokers hold ¥2 billion–¥40 billion based on risk profiles. Enhanced insolvency protections mandate strict asset segregation and streamlined fund returns, aiming to restore trust after incidents like the $21 million SBI hack, 4,502 BTC stolen from DMM Bitcoin, and the Mt. Gox fallout. On-chain activity in Japan rose 120% year-over-year to June 2025, driven by XRP and BTC trading and recent stablecoin reforms. Following reclassification of Bitcoin and Ethereum as financial products with a flat 20% tax, traders can expect improved exchange security, reduced liquidity risks, and greater market stability under clearer regulatory oversight.

Galaxy Digital, led by CEO Mike Novogratz, has begun market-making experiments and plans to act as a liquidity provider on Polymarket and Kalshi. Galaxy Digital’s entry follows Jump Trading’s move into Kalshi, underlining rising institutional interest in prediction markets. These platforms use peer-to-peer order books for binary contracts tied to events—from elections to sports—and have processed over $42.4 billion in transaction volume. With Kalshi regulated by the CFTC and Polymarket operating offshore, Galaxy Digital’s liquidity support could deepen order books, reduce price volatility, and drive sector maturation despite a patchy US regulatory landscape.

Revolut has completed a $75 billion share sale, allowing employees to cash out and setting a new $75 billion valuation. Led by Coatue, Greenoaks, Fidelity and Dragoneer, with a16z, Franklin Templeton, T. Rowe Price and Nvidia’s NVentures participating, the Revolut share sale reflects strong investor demand and highlights its growing role in crypto trading. Founded in London in 2015, Revolut reported a 72% rise in 2024 revenue to $4 billion and a 149% increase in pre-tax profit to $1.4 billion. The firm now serves over 65 million retail customers and logged $1 billion in enterprise revenue. Revolut recently secured MiCA approval to offer regulated crypto trading across 30 EEA countries and obtained banking licenses in Mexico and Colombia. With an India launch imminent, this global push underscores Revolut’s growth in digital banking and crypto trading services.

Ethereum fell below $2,800 on OKX on November 21, sliding 5.30% intraday to $2,799.01. On November 24, ETH again dipped under $2,800, trading at $2,799.95 after a 1.29% intraday decline. These pullbacks underscore renewed bearish pressure and ongoing market volatility. Traders should watch key support at $2,700 and monitor liquidity and on-chain metrics for recovery signals or further downside.

Coinbase completed a planned on-chain wallet migration, relocating approximately 300,000 BTC (about $25 billion) and millions of ETH from hot wallets into newly generated cold storage addresses. This routine wallet migration, unaffected by market conditions, isolates large crypto holdings behind updated key management. The transfer briefly skewed the Bitcoin Exchange Reserve metric, which will correct once new addresses are recognized. Coinbase reassured users that balances remain unchanged and cautioned against phishing scams, emphasizing its industry-leading security practices.

Robert Kiyosaki, author of Rich Dad Poor Dad, sold 25 BTC worth $2.25 million at about $90,000 each—coins he bought at $6,000. He redirected the proceeds into two surgery centers and a billboard advertising venture expected to generate about $27,500 in tax-free monthly cash flow by February. Despite the Bitcoin sale, Kiyosaki remains bullish on Bitcoin, forecasting a $250,000 BTC price by 2026 and planning to reinvest this cash flow into further BTC purchases. Bitcoin recently dipped below $82,000 before rebounding to $84,490, a 30% drop from its $126,080 peak. Analyst Peter Brandt views this pullback as a healthy reset and predicts BTC could reach $200,000 by Q3 2029, reinforcing a positive market outlook.

Coinbase is set to acquire Vector.fun, a Solana-based decentralized exchange specializing in memecoin trading and copy-trading features. The terms remain undisclosed, but Coinbase will absorb Vector.fun’s 13-member team and retire its mobile and desktop apps by year-end. This marks Coinbase’s ninth acquisition in 2025, up from three in 2024, following the $2.9 billion Deribit deal and the $375 million Echo purchase. By integrating Vector.fun’s technology, Coinbase plans to expand asset availability via decentralized exchanges on its main app, complementing its centralized services on the Base blockchain. In Q3 2025, Coinbase reported $1.05 billion in transaction revenue, nearly double year-ago levels, and launched PRESALE to enable retail token pre-listings. COIN stock trades around $241, up 3% in the past 24 hours.

Teresa Goody Guillén, Binance CEO Changpeng Zhao’s personal lawyer, clarified that the CZ pardon addressed only alleged anti-money laundering (AML) and compliance lapses, not criminal wrongdoing. She detailed the multi-step review by the Department of Justice, Office of the Pardon Attorney and White House Counsel, and dismissed any quid pro quo or crypto favors narrative. Guillén noted that Binance’s USD1 stablecoin operates across multiple chains, refuting claims of Trump-linked stablecoin ties. She added that following the CZ pardon, Zhao will not resume day-to-day management due to ongoing oversight by the DOJ, CFTC, FinCEN and OFAC. US market access for Binance remains restricted, affecting liquidity and exchange operations. Guillén said the CZ pardon highlights regulatory debates over AML compliance and broader crypto policy under changing administrations.

Bitcoin price surge this week first cleared the $84,000 resistance on Binance’s USDT market. The rally then extended above $85,000. Institutional adoption and clear regulatory frameworks drove strong inflows. Trading volume spiked as retail and institutional investors joined the rally. The breakout removed key resistance and set a new support zone above $84,000. Analysts note this marks one of Bitcoin’s strongest quarterly performances. Improved infrastructure and regulatory clarity underpin bullish sentiment. Market volatility remains a risk. Traders should employ risk management and monitor macroeconomic indicators. Historical patterns suggest sustained gains after major resistance breaches. But short-term corrections are possible. Traders focusing on institutional inflows, regulatory developments, and economic data can better time entries and exits. The Bitcoin price surge reinforces BTC’s leading role in digital assets.

Bitcoin Hyper has raised over $28 million in its Layer-2 presale by offering 41% APY staking rewards on its native HYPER token. The project builds a Layer-2 network on Bitcoin, leveraging the Solana Virtual Machine and zero-knowledge proofs to verify Bitcoin block headers via a canonical bridge. Investors lock BTC on the main chain to mint HYPER, enabling fast, low-cost, programmable transactions secured by Bitcoin. The presale price of $0.013305 per token and transparent tokenomics—21 billion total supply with no private allocations—have driven broad participation. Buyers can purchase HYPER with BTC, ETH, USDT, BNB or credit card, and staking rewards begin at token generation. Traders view Bitcoin Hyper as an infrastructure play that enhances Bitcoin’s programmability and scalability for daily payments and DeFi services. The project benefits from both retail and institutional backing and an expanding developer ecosystem. Key advantages include secure BTC bridging and rapid Layer-2 execution. However, risks remain in technical execution, bridge security, zero-knowledge verification reliability and potential yield compression. Prospective investors should conduct due diligence, balancing its long-term potential against execution and market adoption challenges.

Crypto market capitalization fell from $3.38 trillion to $2.95 trillion in late November, marking the lowest level since May. Bitcoin dropped below $100,000, hitting $95,900, while Ethereum, Solana and XRP fell over 6%. The downturn triggered roughly $1.1 billion in liquidations and pushed derivatives open interest down 7% to $133 billion. The average market RSI eased to 39, and the Crypto Fear & Greed Index fell to 15, indicating extreme fear. Traders attributed the sell-off across the crypto market to macro pressures—delayed Fed rate cuts, lingering liquidity strains after October’s flash crash—and $4 billion in spot BTC and ETH ETF outflows. On-chain data shows record exchange outflows even as institutions have accumulated over 4 million BTC this year. Analysts see support for Bitcoin between $90,000–$98,000. Potential catalysts for recovery include the Fed ending quantitative tightening on December 1, increased Treasury spending and halving-driven rallies projected toward $145,000 by Q4 2025. Experts suggest this pullback offers a mid-cycle reset and a buying opportunity ahead of easing monetary policy.

Metaplanet, a Tokyo-listed analytics firm, plans to raise approximately $135 million through a 23.61 million Class B perpetual preferred share offering at ¥900 ($5.71) per share. The non-voting Class B shares, dubbed “Mercury,” carry a fixed 4.9% annual dividend, paid quarterly, and convert into ordinary stock at ¥1,000 ($6.34) per share. Proceeds will fund additional Bitcoin acquisitions, boosting Metaplanet’s reserves beyond its current 30,823 BTC (valued at $2.82 billion). The company can redeem the shares if the trading price exceeds 130% of the liquidation preference for 20 business days, while holders have redemption rights if unlisted by December 29, 2026. This capital raise, modeled after MicroStrategy’s strategy, underscores Metaplanet’s bullish outlook on Bitcoin’s long-term returns despite a 15.2% unrealized loss on its holdings. The restructuring also cancels older warrants (Series 20–22) and issues new Series 23 and 24 to Evo Fund, aligning incentives in the evolving crypto market.

Bitwise Asset Management will launch its spot XRP ETF on the New York Stock Exchange under the ticker XRP starting Thursday. The fund carries a 0.34% management fee, waived for the first month on the initial $500 million, and provides direct, physically backed exposure to XRP via Coinbase Custody Trust Company’s cold storage. The ETF’s NAV is benchmarked to the CME CF XRP-Dollar Reference Rate to curb price manipulation. CIO Matt Hougan highlights XRP’s low operating cost, over 4 billion transactions throughput and active supporter community. The listing follows regulatory clarity from the GENIUS Act and trails Canary Capital’s XRPC debut on November 13 with $58 million in first-day volume, ahead of upcoming Grayscale and Franklin Templeton launches. Despite XRP’s recent 15% drop to $2.01, JPMorgan projects $4 billion–$8 billion net inflows into XRP ETFs within six months. The spot XRP ETF launch is poised to tighten spreads, boost liquidity and attract stronger institutional demand.

Abu Dhabi Investment Council (ADIC) nearly tripled its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) from 2.4 million to almost 8 million shares by the end of September, valuing its position at about $520 million. The move came just before Bitcoin reached an all-time high above $125,000 on October 5. Shortly after, IBIT saw a record single-day outflow of $523 million and $3.3 billion in redemptions over the past month, underlining the impact of ETF flows on market volatility. Year-to-date, Bitcoin ETF inflows remain strong at around $25 billion, reflecting robust institutional demand for regulated crypto vehicles. Analysts say ADIC’s actions signal growing sovereign and public fund interest in Bitcoin ETFs as long-term stores of value. Market participants should watch ETF flow data closely, as future regulatory approval of over 100 new crypto ETFs by 2026 could drive further price swings.

Nvidia earnings for Q3 beat analyst forecasts, driven by a record $51.2 billion data center segment and strong demand for AI GPUs. The company reported $57.0 billion revenue and $1.30 EPS, and forecast Q4 revenue around $65 billion, citing “off the chart” demand for new Blackwell GPUs. The results triggered an AI-driven crypto rally. Bitcoin surged from below $89,000 to a peak of $92,000, while Ethereum saw modest gains as traders anticipated higher GPU demand in AI and mining. GPU-focused mining stocks, including Cipher Mining and IREN, jumped on multi-billion-dollar cloud deals with AWS and Microsoft. Profit-taking and renewed macro uncertainty reversed gains, sending Bitcoin down to $87,000 by close. Crypto exchange Bullish posted an $18.5 million Q3 profit on 72% revenue growth, though its shares remain 40% lower. The episode underscores market sensitivity to Nvidia earnings and highlights potential margin pressure from rising borrowing costs and debt-financed GPU purchases.

Brazil’s government is set to expand its IOF tax to cover cross-border crypto payments, including stablecoins, marking a significant Brazil crypto tax update aimed at closing regulatory gaps and boosting revenue. Under central bank rules effective February 2027, virtual assets pegged to fiat will be classified as foreign-exchange transactions subject to IOF, replacing the current IOF exemption. In parallel, the Federal Revenue Service will adopt the global Crypto-Asset Reporting Framework (CARF) to strengthen reporting of offshore crypto accounts. This Brazil crypto tax reform is designed to eliminate stablecoin arbitrage, increase transparency, and may lead to higher trading costs and shifts in cross-border trading patterns.

Crypto exchange Kraken has closed a $1 billion funding round at a $20 billion valuation, securing $200 million from Citadel Securities and $800 million from leading institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management, Tribe Capital and support from co-CEO Arjun Sethi’s family office. Following profitable operations and over $1.5 billion in 2024 revenue—surpassed again in the first three quarters of 2025—Kraken will use the new capital to accelerate its global expansion across Latin America, Asia-Pacific and EMEA, strengthen its on-chain infrastructure and regulatory presence, and upgrade platform services. The funding will support Kraken’s vertically integrated offerings, spanning spot trading, derivatives, staking, custody, payment services and tokenized assets. Planned investments include infrastructure upgrades like Ethereum proof-of-reserves audits using distributed validator technology, plus acquisitions such as NinjaTrader and Small Exchange to enhance trading tools and institutional services.

Fidelity Investments this week launched the Fidelity Solana Fund (FSOL), a staking-enabled Solana ETF, on NYSE Arca. The fund offers exposure to SOL tokens with in-built staking rewards and waives its 0.25% expense ratio and 15% staking fee through May 18, 2026. After the waiver period, standard fees will apply, keeping FSOL competitively priced. FSOL’s debut follows a surge in institutional demand for regulated Solana access. It joins spot Solana ETFs from Bitwise, Grayscale, VanEck and Canary Capital. Bitwise’s BSOL alone has drawn over $450 million since late October. In the Solana ETF market, analysts predict rapid inflows thanks to Fidelity’s brand trust and fee waiver. The launch underscores Fidelity’s broader digital assets strategy, which includes spot Bitcoin and Ether ETFs, and reinforces the firm’s position in the growing crypto ETF market.

Senate Banking Committee Chair Tim Scott announced a December markup of the crypto market structure bill, aiming for a Senate floor vote early next year and swift presidential approval. The crypto market structure bill would designate Bitcoin (BTC) and Ether (ETH) as digital commodities under CFTC oversight and clarify regulatory boundaries between the CFTC and SEC. It also introduces an ’ancillary assets’ category and imposes stricter exchange compliance rules, including segregated customer funds, conflict-of-interest policies, clear disclosures, and strong internal controls. Ongoing negotiations address DeFi oversight and enhanced AML safeguards. Backed by Coinbase CEO Brian Armstrong and following the House-passed CLARITY Act, the bill must clear both the Senate Banking and Agriculture Committees. If enacted, it could enhance market integrity, support industry stability and innovation, and solidify the U.S. as a leading regulated crypto market.

Ondo Global Markets has won approval from the Liechtenstein Financial Market Authority to offer tokenized stocks and tokenized ETFs across all 30 European Economic Area countries. Under the EU’s MiCA regulation and Liechtenstein passporting regime, over 500 million retail investors in the 27 EU member states plus Iceland, Liechtenstein and Norway will gain regulated on-chain access to US equity markets. This follows Ondo’s partnership with BX Digital of Boerse Stuttgart for tokenized stock trading in Switzerland. Traders should watch for liquidity shifts as listings expand under MiCA, potentially boosting trading volumes in tokenized stocks and new on-chain instruments.

Mt. Gox executed a Bitcoin transfer of 10,422.6 BTC (US$936 million) on November 18, marking the first major creditor repayment in eight months. The Bitcoin transfer moved funds from cold storage to an anonymous wallet, with no further withdrawals reported. Following its 2014 hack and bankruptcy, Mt. Gox has recovered about 200,000 BTC and began distributions in mid-2024. Regulators extended the repayment deadline to October 31, 2026. After this transfer, around 34,689 BTC (US$3.12 billion) remain for future payouts. Market analysts view the movement as an internal reallocation rather than an imminent sell-off. Traders should monitor any shifts to exchanges, which could exert short-term pressure on the crypto market.

Grab and StraitsX have signed an MOU to deploy a T+0 Web3 stablecoin payment network across eight Southeast Asian markets. The integration embeds XSGD and XUSD into Grab’s superapp, enabling on-chain programmable payments, instant cross-border settlement, and real-time fiat-to-stablecoin conversions within seconds. This stablecoin payment network bypasses slow, costly Swift transfers and reduces working capital pressure for SMEs through instant merchant settlement. Pending regulatory approvals and AML/CTF compliance, the project plans to expand into Taiwan and Japan by 2026. Traders should monitor regulatory developments and user adoption as key catalysts for stablecoin demand and market liquidity.

Aave App has introduced a consumer-grade DeFi savings product offering around 6% APY on stablecoin deposits, with real-time interest compounding. The Aave App supports fiat on-ramps via over 12,000 banks and debit cards, allows instant withdrawals, and is backed by over-collateralized loans on Aave. Users can deposit GHO, USDC or USDT with no minimums or fees, and earn additional yield boosts of up to 0.5% through referrals and auto-deposits. Security features include two-factor authentication, biometric recovery, withdrawal whitelists and a $1 million account protection guarantee. The launch follows Aave Labs’ MiCAR compliance in Ireland and strategic acquisitions, highlighting a push to bridge traditional finance and DeFi. Traders should monitor growing stablecoin inflows into Aave App and potential uplift in AAVE token demand, while weighing smart contract and market risks.