Crypto News

Bitcoin dipped below $90,000 for the first time in seven months, pressured by post-liquidation sell-offs, ETF outflows and uncertainty over U.S. Federal Reserve rate cuts. Bitcoin is down about 28% from its early November peak above $126,000, with whale selling and geopolitical tensions adding volatility. BitMine’s Tom Lee and Bitwise’s Matt Hougan say current levels may mark a near-term market bottom and a generational buying opportunity for long-term investors. Support around $90K is now crucial: if Bitcoin holds this level, stabilization could prompt renewed gains. Lee also forecasts that Bitcoin will lead a broader market rebound and reach a new all-time high by year-end. Traders should monitor exhaustion signals and the $90K support level for entry points ahead of a potential bullish reversal.

An ICIJ investigation reveals that criminal groups have laundered over $600 million in cryptocurrencies through Binance and OKX. Between July 2024 and July 2025, Cambodia-based Huione Group routed more than $408 million in USDT to Binance. OKX received at least $226 million in suspicious deposits after pleading guilty to unlicensed money transmission. This crypto laundering operation involves pig butchering scams, drug cartels, North Korean hackers and Russian launderers. Researchers uncovered unregulated cash desks and Telegram couriers in Hong Kong, Toronto, London and Istanbul that bypass KYC. Former compliance officers warn that current AML controls are outdated and inadequate. These crypto laundering networks outpace existing safeguards. Regulators have fined exchanges over $5.8 billion, yet US consumer losses surged 67% to $9.3 billion in 2024. Heightened compliance and scrutiny are critical to restore market trust. Traders should monitor potential USDT liquidity risks and further regulatory actions.

The White House is reviewing an IRS proposal to adopt the OECD’s Crypto-Asset Reporting Framework (CARF), aiming to align U.S. crypto tax reporting with over 72 countries committed to CARF by 2028. Under the plan, which would begin data sharing in 2027 among more than 50 jurisdictions including G7 members, the IRS would gain access to Americans’ offshore crypto accounts. U.S. taxpayers would face stricter disclosure requirements for capital gains on foreign crypto platforms, helping curb offshore tax evasion without disadvantaging domestic firms. In addition, the IRS will launch Form 1099-DA in January 2026, mandating U.S. exchanges to report detailed digital asset transactions. Crypto tax attorney Clinton Donnelly warns this marks the end of on-chain anonymity. With enhanced reporting and integrated data, the IRS can scan blockchain networks to identify unreported activity and target audits at scale. Crypto traders should monitor these crypto tax reporting changes for their impact on compliance costs and cross-border asset flows.

On November 17, a dormant Cardano whale swapped 14.45 million ADA for USDA stablecoin in a low-liquidity pool. The Cardano whale’s trade triggered 87% slippage, yielding only 847,694 USDA and burning $6.2M. On-chain data from ZachXBT and Lookonchain show the swap prompted a high price impact warning, which the trader manually approved. The incident exposed gaps in USDA stablecoin liquidity and Cardano DeFi readiness. Charles Hoskinson called the loss a teachable moment ahead of 2026 DeFi scaling and urged the ecosystem to improve risk management. Traders debated whether it was an error or a liquidity spotlight. The swap briefly drove USDA above $1.25 before it settled near $1.03. Meanwhile, ADA price dipped to $0.50 after earlier whales offloaded 4M ADA, then saw renewed accumulation of about 1% supply, hinting at a rebound toward $0.70.

Lite Strategy, Inc. (NASDAQ: LITS) has raised $100 million via a July 2025 private placement to support its newly launched Litecoin Treasury Strategy. The funding enabled the purchase of 929,548 LTC tokens, making LITS the first U.S.-listed company to hold Litecoin as a primary reserve. Under the Litecoin Treasury Strategy, Lite Strategy has rebranded from MEI Pharma, updated its ticker to LITS and partnered with GSR to manage governance and execution. The firm appointed Litecoin founder Charlie Lee and GSR’s Joshua Riezman to its board to oversee its Litecoin reserves. To capitalize on its near-million LTC holding, Lite Strategy announced a $25 million share repurchase program, transitioning from accumulation to active capital market operations. As of September 30, 2025, the company reported $12.21 million in working capital and zero debt. It also continues to evaluate its remaining pharmaceutical assets, including preclinical research for voruciclib and licensing opportunities for zandelisib. The Litecoin Treasury Strategy aims to enhance shareholder value by offering direct institutional exposure to Litecoin and leveraging market-driven initiatives.

VanEck has launched VSOL, a zero-fee Solana staking ETF on Cboe BZX, waiving its 0.30% sponsor fee and 0.28% staking provider fee until Feb 17, 2026 or $1 billion in assets. VSOL integrates on-chain staking via SOL Strategies, using ISO 27001/SOC 2-certified Orangefin validators and custody partnerships with Gemini and Coinbase. The ETF follows SEC’s May 2025 proof-of-stake guidance and joins VanEck’s digital asset lineup alongside HODL Bitcoin and ETHV Ethereum ETFs. VSOL enters a competitive landscape dominated by Bitwise’s BSOL, which holds 98% of Solana staking ETF inflows with $497 million AUM and a permanent 0.20% fee. BSOL generated $57 million in options volume on day one. Backed by VanEck’s $171.7 billion in managed assets, the zero-fee Solana staking ETF is poised to attract institutional capital, intensify competition with BSOL, drive SOL staking rewards, and offer traders a low-cost, regulated vehicle for Solana exposure.

CoinShares’ latest report shows crypto fund outflows surged to $2 billion in the week to Nov. 16, marking the largest weekly loss since February and the third straight week of net redemptions totalling $3.2 billion. Bitcoin outflows led the sell-off with $1.38 billion (2% of BTC AuM) withdrawn, while Ethereum redemptions reached $689 million (4% of ETH AuM). Smaller losses hit Solana (SOL) and XRP, at $8.3 million and $15.5 million respectively. Overall assets under management in digital asset ETPs have plunged 27% from an October peak to $191 billion. U.S.-based products accounted for most redemptions, including $1.1 billion from spot Bitcoin ETFs, amid a near 10% drop in BTC prices. Multi-asset funds were an exception, drawing $69 million as traders sought diversification. Analysts cite heightened monetary policy uncertainty, whale selling and waning ETF interest. These crypto fund outflows reflect weak market momentum and policy uncertainty. Market watchers—including Peter Schiff and Robert Kiyosaki—are split on allocating to gold or accumulating crypto. Traders should monitor Fed signals and whale activity for potential market stabilisation or further downside.

Galaxy Digital’s recent poll of 25 institutional investors found that 46% were unaware of the ongoing Bitcoin Core vs Knots debate and 36% were ambivalent, while the remaining 18% backed Bitcoin Core’s opposition to content filtering. The debate, triggered by Bitcoin Core v30’s spam-filtering proposal, pits proponents of Bitcoin Knots—who seek to block non-financial or malicious transactions—against Bitcoin Core supporters, who argue filtering could fragment the network and breach core protocol principles. According to Alex Thorn, head of research at Galaxy Digital, most major investors, miners and service providers view the Bitcoin Core vs Knots debate as hypothetical and non-material to their investment decisions. Thorn outlines three possible outcomes: the dispute fades, it hinders adoption, or a minority fork emerges, potentially harming long-term growth. The muted institutional response suggests minimal volatility risk, indicating a neutral near-term market outlook for BTC.

Dutch central bank governor Olaf Sleijpen warned that the rapid expansion and volatility of USD-pegged stablecoins such as USDT and USDC pose systemic risks to Europe’s financial stability. A sharp drop in stablecoin value could force issuers to liquidate reserves, amplifying market stress and potentially disrupting inflation and the ECB’s monetary policy. With the stablecoin market cap surging nearly 50% this year to $310 billion and forecasts suggesting growth to $2 trillion by 2028, EU officials including ECB executive Piero Cipollone and Italy’s finance minister Giancarlo Giorgetti have flagged threats to euro sovereignty. Nobel laureate Jean Tirole cautioned that a major stablecoin collapse could trigger multibillion-dollar bailouts. Traders should monitor stablecoin liquidity, regulatory developments, and ECB responses as key drivers of upcoming market volatility.

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.

Historical data shows a government shutdown’s end often triggers a relief rally in risk assets. After the recent 43-day government shutdown ended on November 12, US stocks typically rise 2–7% within one month. Technology stocks, tracked by the Nasdaq, have outperformed, climbing up to 13% over three months. Gold has seen mixed results, usually falling or remaining flat as investor risk appetite recovers. Bitcoin (BTC) acts as a high-beta asset and gained 5.5% in the month following the 2018–19 shutdown. It then surged 51.5% three months later amid dovish Fed policy and improved liquidity. Short-term, traders can expect US stocks and Bitcoin to rebound as shutdown uncertainty fades. Medium-term performance will hinge on Federal Reserve policy, macroeconomic data and market narratives. Crypto traders should monitor liquidity conditions and regulatory actions by the SEC and CFTC. A sustained rally in Bitcoin could follow if market liquidity stays supportive. The government shutdown end restores policy certainty and resumes delayed federal spending, boosting overall market sentiment. Traders should remain vigilant of fresh catalysts and major economic indicators that could shape the next trend.

Solari Capital, led by AJ Scaramucci, invested $100M in American Bitcoin, a Trump-linked Bitcoin miner. The contribution anchored a $220M July funding round ahead of American Bitcoin’s September reverse merger listing. Other backers included Tony Robbins, Cardano founder Charles Hoskinson, Grant Cardone, entrepreneur Peter Diamandis and AJ’s father, Anthony Scaramucci. American Bitcoin now holds 4,004 BTC (~$384 M) on its balance sheet and continues to buy on the open market. Scaramucci says politics played no role, with the deal brokered by Stanford classmate and American Bitcoin president Matt Prusak. Separately, Eric Trump praised crypto volatility as key to high returns during recent market dips. This move underscores growing institutional interest in Trump-linked Bitcoin miner projects and bolsters American Bitcoin’s market position.

Kraken co-CEO Arjun Sethi has strongly criticized the UK’s FCA crypto rules, calling the 2023 promotion framework overly strict and counterproductive. Under these FCA crypto rules, platforms must display prominent risk warnings and enforce mandatory “positive friction” questionnaires before retail trading. Sethi warns they slow transactions, deter investors, and block UK clients from over 75% of products available to U.S. users, including yield and DeFi offerings. The backlash follows the FCA’s ban on Coinbase’s “Everything Is Fine” ad and the Bank of England’s proposal to cap individual stablecoin holdings. The FCA defends the rules as essential safeguards. Despite these hurdles, Kraken pursues global growth, planning a New York listing and recently acquiring the CFTC-regulated Small Exchange for $100 million.

Mutuum Finance’s MUTM token presale has sold over 90% of Phase 6 tokens at $0.035 each, rewarding early participants with 250% gains from the $0.01 Phase 1 price. The project has raised $18.8 million from nearly 18,000 investors. A CertiK audit (90/100) and a $50,000 bug bounty reinforce protocol security. The DeFi token model features inter-chain liquidity, dual lending markets, an over-collateralized native USD stablecoin issuance mechanism, and mtTokens. Phase 7 will lift the price to $0.04 ahead of a planned public listing at $0.06, with traders eyeing up to 5000% upside. Analysts liken the MUTM presale growth to Aave’s early launch, highlighting strong bullish potential. Traders seeking sustainable DeFi exposure are shifting into the MUTM presale to capitalize on liquidity and stablecoin utility.

Bitcoin price tumbled below $94,000 to $93,959 on Binance USDT amid a typical market correction after recent gains. This Bitcoin price movement underscores crypto volatility and highlights the importance of monitoring key support levels at $93,000 and $90,000. Institutional selling and the breach of the $94,000 floor accelerated the decline. Traders should watch volume spikes and chart patterns for potential rebounds and consider tight stop-losses for risk management. Short-term traders may capture quick profits, while long-term investors could view the dip as an entry point for dollar-cost averaging. Recovery drivers include renewed institutional adoption, clearer regulations and layer-2 network upgrades.

Belarus President Alexander Lukashenko has ordered government agencies to scale crypto mining using surplus electricity from the Ostrovets nuclear power plant. The plant’s 2,400 MW capacity, which provides 40% of national supply, is earmarked for large-scale crypto mining to reduce reliance on the US dollar. Officials must propose measures to boost electricity consumption and expand crypto mining nationwide. He also suggested creating state crypto reserves if mining proves profitable. The National Bank will launch a digital ruble CBDC for businesses by late 2026 and open it to the public in 2027, in coordination with Russia’s CBDC plans. Regulators will adjust taxes and tariffs to support crypto mining growth, tighten oversight of trading platforms to prevent fraud and capital flight, and enforce new rules on fund handling and reporting.

BlackRock BUIDL, the firm’s tokenized U.S. Treasury fund, has launched on the BNB Chain as its second major deployment after Ethereum. Leveraging Securitize’s tokenization platform and Wormhole’s cross-chain bridge, the fund enables low-cost transactions—often below $0.01 per trade—and high throughput exceeding 100 TPS. On-chain assets under management include $500 million on BNB Chain and $2.9 billion across all networks. Traders can use BUIDL tokens as off-exchange collateral on Binance, reducing counterparty risk and unlocking leveraged trading in spot, futures and options. Daily yield accrues via smart contracts under SEC Rule 506(c), while audits by Deloitte and compliance from partners support institutional adoption. This multi-chain expansion highlights growing demand for tokenized real-world assets (RWAs), promising enhanced liquidity and dollar-denominated returns for crypto markets.

Robert Kiyosaki reaffirmed his bullish stance on Bitcoin amid a recent market crash. He told his 2.8 million followers on X that he will not sell his Bitcoin or gold, attributing the sell-off to a global cash shortage and forced liquidations. The Bitcoin Fear & Greed Index sits at 16 (“Extreme Fear”), historically a strong buy signal. Kiyosaki plans to buy more Bitcoin once the crash subsides, citing the 21 million BTC supply cap as the main driver of long-term value. He forecasted Bitcoin could reach $250,000 by 2026. He also highlighted gold, silver and Ethereum as assets poised to benefit from an expected wave of fiat printing, offering a hedge against inflation and currency devaluation.

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.

FASB plans to add crypto asset transfers to its technical agenda at the November 19 meeting, broadening its 2023 crypto accounting standards and clarifying derecognition guidance for digital asset movements. Under ASU 2023-08, fungible tokens such as Bitcoin (BTC) and Ethereum (ETH) are already recorded at fair value each reporting period, replacing the cost-less-impairment model. The new project will cover stablecoins, wrapped tokens and NFTs, and assess whether certain digital assets qualify as cash equivalents. By integrating crypto asset transfers into formal standards, FASB aims to improve transparency, standardize reporting and strengthen corporate disclosures in digital asset accounting. The updated crypto accounting standards should reduce inconsistencies across financial statements and foster greater institutional confidence in the crypto market.

This week saw the third-largest weekly ETF outflows for Bitcoin and Ethereum funds. On Thursday, Bitcoin ETFs recorded a further $870 million withdrawal, marking the second-largest daily ETF outflows since launch. Ethereum ETFs also suffered a $259.7 million exit, their biggest single-day outflow since October 13. Driven by profit-taking and macroeconomic concerns, these ETF outflows have depressed spot Bitcoin ETF volumes and intensified market liquidity pressure. Traders should monitor ETF outflows closely, as sustained withdrawals could fuel further price declines and heightened volatility. Short-term bearish momentum may persist, while long-term recovery hinges on renewed demand and stabilization of the spot market.

Japan’s Financial Services Agency (FSA) has approved a joint pilot for a yen stablecoin by the country’s three largest banks—Mitsubishi UFJ (MUFG), Sumitomo Mitsui and Mizuho—under its Payment Innovation Program (PIP). The trial will issue a 1:1 collateralized yen stablecoin on MUFG’s Progmat blockchain-based DLT platform, supporting Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX) and Cosmos (ATOM) networks. Initial corporate payment pilots, set to launch by March 2026, will involve Mitsubishi Corporation across 200+ subsidiaries and the banks’ combined 300,000 corporate clients, aiming to cut settlement times, FX fees and administrative costs. A US dollar-pegged token integration is planned for late 2026. As Japan’s “sandbox then scale” approach unfolds, regulators will monitor compliance and publish trial results. Successful trials could pave the way for cross-border use cases, broader stablecoin offerings and future CBDC frameworks. This yen stablecoin pilot underscores Japan’s push towards regulated digital payments and offers crypto traders insight into evolving on-chain settlement infrastructure.

Global funds network Calastone has partnered with Polygon to launch Polygon tokenized funds via its digital issuance platform, enabling institutional investors and asset managers to issue and transfer tokenized fund shares on-chain. Settlement times shrink from days to seconds with real-time settlement and lower transaction fees, while auditability and transparency improve throughout the investment lifecycle. Leveraging Polygon’s scalable blockchain infrastructure, fund managers can distribute tokenized funds globally, opening doors to innovative fund products and faster capital access. This integration underscores growing institutional adoption of blockchain technology in fund management and positions Polygon tokenized funds for broader acceptance in mainstream finance.

The FDIC is developing guidance to integrate tokenized deposit insurance into its existing Deposit Insurance Fund structure, ensuring blockchain deposits receive the same $250,000 coverage as traditional bank accounts. Acting Chair Travis Hill emphasized that tokenized deposits carry equal protections. The guidance will require ledger transparency, audit trails, and compliant account structures, closing coverage gaps that expose users to insolvency risks. Under the GENIUS Act, the FDIC will also publish a stablecoin issuance framework by late 2025, setting capital, reserve, and risk management requirements for issuers. With stablecoin market capitalization at $305 billion, these measures aim to differentiate insured tokenized deposits from unregulated stablecoins. Clear tokenized deposit insurance rules and stablecoin regulation are expected to strengthen depositor confidence, support digital asset adoption, and enhance liquidity and risk management in blockchain finance.

Crypto Fear & Greed Index falls to 15, its weakest reading of the year. Santiment data shows bearish social sentiment for BTC, ETH and XRP. On-chain data reveal long-term holders accumulating amidst short-term capitulation. Technical charts warn of a fourth Bitcoin death cross, though seasonal trends favour December gains. Analysts predict a surprise crypto rally before year-end as seasoned holders absorb coins sold by weaker hands. This crypto rally could precede a broader bull run extending into 2026, driven by spot ETFs, stablecoin growth, tokenization and renewed DeFi interest.

Emory University’s endowment more than doubled its Bitcoin ETF exposure in Q3, boosting its Grayscale Bitcoin Mini Trust (BTCM) holdings from $15M to $51.8M—a 245% surge to over 1 million shares valued at ~$52M. The university also retained a $290K stake in BlackRock’s spot Bitcoin ETF, and diversified further by allocating $79M to the iShares Gold Trust (IAU) and raising its Coinbase (COIN) equity to 4,500 shares (~$1.2M). These moves underline growing institutional adoption of Bitcoin ETFs and hard-asset strategies, likely bolstering long-term Bitcoin demand and market stability.

Polymarket has resumed its US beta, relaunching under CFTC oversight after settling a $1.4 million fine and acquiring QCX for $112 million to secure a regulated prediction market framework with a DCM license and a no-action letter. The US beta launch marks a return to the prediction market under strict CFTC oversight, initially offering real-money sports betting markets. The platform self-certifies contracts under its CFTC-designated contract market (DCM) status unless the regulator objects within one business day. Ongoing US beta testing aims to refine functionality ahead of a full public launch. Polymarket also plans a native token launch with future airdrops and integrates live prediction odds into Yahoo Finance, blending decentralized prediction markets with mainstream financial tools.

Circle reported strong Q3 results with USDC-focused growth driving performance. Total revenue climbed 66% to $740 million, while net income surged 202% year-over-year to $214 million. USDC circulation rose 108% to $73.7 billion, boosting reserve income to $711 million, a 60% increase. Adjusted EBITDA reached $166 million, reflecting solid operating leverage despite higher distribution and compensation costs. The Circle Payments Network expanded to eight countries with 29 participating banks, and the USYC tokenized currency fund’s AUM hit $1 billion. Circle launched the Arc testnet and plans an Arc native token to enhance network participation. CEO Jeremy Allaire emphasized accelerating USDC adoption and the push for an open, efficient global financial system. William Blair maintained an “Outperform” rating, highlighting Circle’s scale and liquidity as central to the programmable money revolution.

Uniswap’s latest governance proposal transforms UNI into a deflationary, revenue-backed token. It splits trading fees: 0.25% to liquidity providers and 0.05% into protocol income. Protocol fees on v2 and v3 pools will fund continuous buybacks and burns. A one-time 100 million UNI burn (16% of supply) and Unichain sequencer fees further boost the deflationary model. New features include MEV capture via PFDA auctions and Uniswap v4 aggregator hooks for external DEX fees. Analysts estimate annual buyback funds of $5–6 billion, driving a 1.5%–2% yearly deflation rate. UNI rallied nearly 50% on the announcement. The proposal aims to offset reduced LP returns and cement a “protocol income → buyback & burn → token value” flywheel. If approved, these tokenomics changes could strengthen UNI’s long-term value, though LP retention and fee dynamics will determine real-world efficacy.