Crypto News

Rumble has agreed to acquire German AI and high-performance computing firm Northern Data in an $800 million share-based transaction, converting each Northern Data share into 2.0281 new Class A Rumble shares. Backed by stablecoin issuer Tether, the acquisition includes Rumble’s commitment to purchase $150 million in GPU services from Northern Data and secure a $100 million advertising agreement as part of the deal. Separately, Tether will spend $150 million to buy GPUs from Rumble to launch a global independent AI network for content creators. Rumble CEO Chris Pavlovski said the move reinforces the platform’s freedom-first ethos and deepens collaboration with Tether. Pending shareholder approval of the exchange offer, the acquisition strengthens Rumble’s AI infrastructure with Northern Data’s GPU assets and underscores a broader crypto trend toward decentralized AI infrastructure investments. This positions Rumble to challenge leading video platforms and capitalize on crypto-driven AI growth opportunities.

On November 26, Coinbase delisting will remove five underperforming tokens—CLV, EOS, LOKA, MUSE and WCFG—after a regular asset review cited low liquidity and limited developer activity. The decision comes amid increased regulatory scrutiny and aims to uphold platform standards. Prices plunged on the announcement, with MUSE tumbling 24%, LOKA down 13% and WCFG off 9%. EOS, rebranded as Vaulta, fell over 15% and has lost 97% from its peak. Coinbase delisting typically reduces market access and trading volumes for affected tokens. At the same time, Coinbase is scouting new listings—BNKR, JITOSOL and MPLX—signalling a focus on institutional-grade assets and market consolidation. Traders should monitor short-term volatility and shifts in liquidity.

Bank of England Deputy Governor Sarah Breeden has warned that looser stablecoin regulation could threaten UK financial stability and trigger a credit crunch. In its 9–10 November consultation paper, the BoE proposed caps on stablecoin holdings—£10,000–£20,000 per individual and £10 million for firms—to limit deposit migration into digital tokens. It also requires issuers to hold 40% of reserves in non-interest-bearing deposits at the BoE to ensure liquidity. Citing the 2023 Silicon Valley Bank collapse and Circle’s USDC de-pegging, these stablecoin regulation measures aim to mitigate systemic risk. The consultation runs until 10 February 2026, with final rules due by the end of that year. Critics argue the measures could shift innovation abroad, but the BoE says safeguards are temporary and aligned with upcoming US regulations.

On November 9, Ethereum (ETH) price on OKX surged past the $3,500 resistance, climbing to $3,514.11 for a 4.05% intraday gain. By November 12, the ETH price held above this key barrier at $3,500.76, up 0.56%, reinforcing bullish momentum. The price breakout signals increased institutional interest and technical buy signals. Momentum traders may view the move as a buying opportunity, while risk-aware investors should monitor price volatility and market sentiment before opening new positions.

Malaysia-listed VCI Global plans a $100M investment in the OOB token across two phases: a $50M private placement from the OOB Foundation at $0.20 per token, followed by a $50M open-market purchase after listing. The move values OOB token at $200M and positions Tether as VCI’s largest shareholder through its Oobit stake. VCI will launch a crypto reserve division to embed OOB token into its AI and fintech products. Oobit is rebranding from OBT to OOB and migrating from Ethereum to Solana, with tokens due on 12 November. Backers include Tether, Solana co-founder Anatoly Yakovenko, CMCC Global and 468 Capital. Despite the anticipated boost to real-world crypto payments via Tap-to-Pay, VCI shares slid 26.6% on the announcement.

Activist investor Michael Burry accuses major tech and cloud providers—including Meta, Amazon, Microsoft, Google, and Oracle—of using aggressive AI depreciation schedules to understate expenses and inflate earnings. In SEC filings, Burry shows that depreciation periods for AI-focused servers have been extended from three years to five or six, deferring an estimated $176 billion in charges between 2026 and 2028. He warns this AI depreciation manipulation masks true capital costs, distorts P/E ratios, and could overstate profits by about 27% for Oracle and 21% for Meta by 2028. Burry’s disclosures of significant put‐option positions on Nvidia and Palantir underscore his skepticism and highlight the risk of hidden capex. He promises further details on November 25. Traders should monitor AI depreciation practices and potential earnings revisions that may trigger market revaluations and affect tech‐sector multiples.

JPMorgan and DBS have launched a pilot project to streamline multi-chain tokenized deposits. The initiative links DBS Token Services with JPMorgan’s Kinexys Digital Payments platform, enabling institutional clients to move JPMorgan Deposit Tokens (JPMD) across permissioned ledgers and public blockchains like Base with 24/7 real-time settlement. This interoperable framework promotes blockchain interoperability and reduces fragmentation in cross-border payments. The pilot combines technical and legal measures—such as compliance and identity checks—to ensure secure, final transfers. If successful, the initiative could cut reliance on private stablecoins, drive broader adoption of tokenized deposits, and boost efficiency in institutional payments. JPMorgan plans to launch its Kinexys platform in 2026 to extend tokenization to assets like private credit and real estate.

Turbo Energy (NASDAQ: TURB) has launched a pilot to tokenize debt financing of a hybrid solar and battery installation at a Spanish supermarket, partnering with Taurus and the Stellar Development Foundation. The project uses the Stellar blockchain to issue and manage renewable energy tokens for fractional on-chain financing under a power purchase agreement (PPA) for its SUNBOX system, operating as Energy as a Service (EaaS). Tokenized financing on the Stellar blockchain aims to streamline debt issuance, boost liquidity and broaden capital access for distributed energy projects. According to Grand View Research, the global EaaS market was valued at $74.43 billion in 2024 and is projected to exceed $145.18 billion by 2030. This pilot demonstrates how tokenized financing could attract a wider pool of investors to clean energy projects.

KuCoin Institutional has launched a new Crypto-as-a-Service (CaaS) platform designed for global institutional investors, professional traders and strategic partners. The platform combines secure, compliant, high-performance infrastructure with advanced liquidity frameworks, offering 24/7 ultra-low-latency trading, customizable interfaces and enhanced wealth management tools. Key features include Off-Exchange Settlement (OES), third-party custody services, flexible collateral management and API integration to leverage KuCoin’s liquidity. CEO BC Wong said the service marks a milestone in building a trusted digital asset ecosystem. Looking ahead, KuCoin Institutional will expand real-world asset tokenization and deepen institutional partnerships to bridge traditional finance and blockchain markets.

Canary Capital has filed a Form 8-A registration with the US Securities and Exchange Commission for its spot XRP ETF. This SEC filing is the final regulatory step before the ETF can list on Nasdaq. If approved and certified by Nasdaq, the XRP ETF could begin trading as early as Thursday. It would be the first US-based fund to hold XRP directly under the 1933 Securities Act, unlike existing products that rely on offshore trusts. Analysts note the process mirrors the recent Hedera (HBAR) ETF launch, which went live one day after its 8-A filing. Other issuers, including 21Shares, ProShares, Bitwise and Franklin Templeton, have also filed spot XRP ETF applications with the DTCC. Investor anticipation has driven XRP prices up roughly 7% over the past week to $2.40. In parallel, attorney and XRP advocate John Deaton has announced a 2026 Senate campaign, a move that could influence future cryptocurrency regulation.

CoreWeave reported Q3 revenue of $1.36 billion, up 134% year-over-year, but cut its 2025 revenue guidance to $5.05–$5.15 billion. CEO Mike Intrator said AI capacity delays at one of 41 third-party data centers—suspected to be Core Scientific—triggered the revision. The announcement sent CoreWeave stock down 16% and prompted JPMorgan to downgrade the name to Neutral with a lower price target. Despite a $56 billion backlog of AI deals with Meta and OpenAI, GPU computing rollouts must stay on schedule. Traders should watch data center progress and guidance updates, as short-term headwinds may weigh on shares, while long-term AI infrastructure demand remains strong.

US Treasury and IRS introduced Revenue Procedure 2025-31, offering a safe harbor for crypto staking in ETPs. Under the new rules, ETPs on national securities exchanges with SEC-approved disclosures can stake a single Proof-of-Stake asset and distribute staking rewards directly to investors without immediate fund-level taxation. Issuers opting for entity-level taxation can pool rewards and distribute them as cash or extra shares. ETPs must hold only cash and one PoS token, limit management to core tasks, and use third-party custodians and independent staking providers for key security. This guidance resolves previous tax risks that treated staking rewards as corporate income, clearing a major hurdle for product launches. The move follows an SEC bulletin clarifying liquid staking is not a security. Industry leaders say this tax policy will spur innovation, unlock institutional capital, and pave the way for ETH and SOL staking ETFs. Traders may see increased demand for these ETPs and heightened market activity around staking assets.

DBS Bank and JPMorgan’s Kinexys have launched a cross-chain framework for instant tokenized deposits. The solution supports real-time settlements on both public and permissioned blockchains, reducing settlement times from days to seconds. Banks can issue, transfer and redeem JPMorgan Deposit Tokens (JPMD) on a public L2 base blockchain, converting them into DBS’s digital tokens or fiat. Tokenized deposits are fully backed by bank-held funds, offering programmable money features and regulatory oversight distinct from stablecoins. A proof-of-concept on the BaseScan Ethereum Layer 2 network showcases JPMD as a stablecoin alternative for institutional cash payments. The framework aims to standardize tokenized deposits, prevent ecosystem fragmentation and drive institutional adoption of programmable cross-border finance. Traders should monitor shifts in liquidity flows and emerging tokenization standards.

RISE Labs has acquired BSX Labs, the team behind the BSX perpetuals DEX on the Base network, integrating a proven hybrid onchain orderbook engine that processed over $15 billion in trading volume since 2023 into its high-speed Ethereum Layer 2 platform. The acquisition fast-tracks development of fully onchain orderbooks with CEX-grade performance for spot and perpetual markets, enabling synchronous composability and deeper liquidity and strengthening onchain orderbooks as a bridge between DeFi and traditional finance. Retail brokers will access consolidated liquidity pools, asset issuers can seamlessly list spot and perpetual instruments, and traders gain best execution and new yield opportunities. BSX DEX operations will wind down over a week starting November 11, 2025; BSX token holders will receive a 1.5%-supply airdrop of RISE’s upcoming token and should close positions and withdraw assets per BSX blog instructions.

Sygnum Bank’s Future Finance survey of over 1,000 institutional investors across 43 countries shows resilience in institutional crypto exposure despite October’s $20 billion market downturn. 61% of institutions plan to increase crypto exposure, while only 4% anticipate cutting holdings. Diversification remains a key strategy for 57% of respondents, followed by short-term yield targets at 53%. Demand is rising for structured products such as tokenized money market funds, stablecoins and multi-asset ETPs, offering flexible positioning without overconcentration. Over 80% view BTC as a valid treasury reserve asset, and about 70% cite holding cash as an opportunity cost versus Bitcoin over the next five years. More than 70% of investors would boost allocations if staking within ETFs becomes available, underlining strong appetite for regulated yield products. Clarity on altcoin ETF approvals is delayed by the US government shutdown, with 16 applications pending at the SEC. Jurisdictions with clear frameworks, such as Switzerland and the EU under MiCA, continue to attract interest. High-net-worth individuals show even stronger conviction, with 91% believing crypto preserves long-term wealth amid fiat stability concerns. The survey underscores a shift from speculative trading to long-term crypto exposure, suggesting bullish momentum into 2026.

Crypto exchange Phemex has rolled out a comprehensive rebrand, unveiling a two-candle logo with a green-to-blue gradient and geometric typography to symbolize growth, balance and precision. The overhaul extends to its trading interface, featuring modern 3D visuals, a unified icon system and streamlined layouts for faster navigation on desktop and mobile. This marks the third logo update since Phemex launched in 2019 and initiates a wider brand architecture overhaul that will introduce a unified identity system and a “house of brands” in the coming weeks. Serving over six million users, Phemex offers spot and derivatives trading, copy trading and wealth management services secured by institutional-grade protocols. Traders can expect enhanced clarity, confidence and efficiency in their trading environment as Phemex advances its full-spectrum digital-asset ecosystem.

Crypto.com and the Sui Foundation have launched an institutional SUI custody service offering compliant cold storage, transparent audit trails and regulatory-ready processes for high-net-worth and institutional clients. The service integrates end-to-end custody infrastructure with deep liquidity pools, enabling fast, cost-efficient SUI token conversions. Crypto.com Custody’s framework delivers secure cold wallets and a robust compliance structure. Sui Foundation Managing Director Christian Thompson said the partnership creates a vital on-ramp for institutions, boosting SUI custody visibility within traditional finance. Crypto.com COO Eric Anziani emphasized the solution’s strong security and lower operational costs for large portfolios. Following recent ETF and ETN filings and new enterprise on-ramps, the SUI token rose about 5% last week. Traders should watch for increased market confidence, improved liquidity and potential volatility as institutional SUI custody expands mainstream adoption.

Bitdeer reported a third-quarter revenue of $169.7 million, up 174% year-on-year, beating analysts’ forecasts. Despite a swing to $43 million in adjusted EBITDA profit, the company posted a net loss of $266.7 million ($1.28 per share), deepening from a $50.1 million shortfall a year earlier. Bitdeer’s CEO skipped the earnings call as the release revealed a delay of the next-generation SEAL04 ASIC chip. Self-mining capacity reached 41.2 EH/s by October, surpassing the 40 EH/s target, and production of the SEALMINER A3 series began in earnest. Bitcoin production doubled to 1,109 BTC, and holdings rose to 2,029 BTC. The company also launched high-performance AI cloud services, generating initial revenue of $1.8 million. Management forecasts that dedicating 200 MW to AI infrastructure could drive an annualized revenue run-rate exceeding $2 billion by end-2026. Bitdeer shares plunged nearly 20% to $17.65 following the chip delay and widened loss, marking the steepest drop since February. Traders should note the execution risks in both bitcoin mining and the nascent AI pivot.

Oak Mining has launched its mobile cloud mining app, enabling traders to mine Bitcoin and Dogecoin on smartphones without hardware or setup. New users get an $18 signup bonus upon instant registration. The platform offers flexible mining plans, from $100 for two days to $8,000 for a 27-day contract, with zero management fees. Daily rewards are credited automatically in BTC, ETH, USDT, SOL, LTC, DOGE and XRP. Enterprise-grade security is ensured by McAfee and Cloudflare, while global data centers use renewable energy and guarantee 100% uptime. Oak Mining’s multi-tier referral program pays 3% commission on direct deposits and 2% on secondary referrals, with top referrers earning up to $50,000 monthly. By lowering entry barriers, this mobile cloud mining service offers transparent, scalable passive income opportunities tailored for both novice and experienced crypto traders.

Gemini Q3 earnings fell short as the crypto exchange posted a net loss of $159.5 million ($6.67 per share), doubling analysts’ forecasts in its first report post-IPO. Despite revenue surging to $50.6 million—outpacing Coinbase’s growth—heavy marketing and IPO-related costs weighed on results. Shares slid over 8% in pre-market trading, extending declines since the September IPO. Gemini Q3 earnings also reflect gains from trading volume, staking services and a crypto rewards credit card, and CFO Dan Chen confirmed a strong balance sheet and ample liquidity. Looking ahead, Gemini plans to develop a multi-product “super app” integrating tokenized dollars, stocks and digital goods. The company has also applied to the CFTC for regulated prediction markets for sports and political events. Traders should monitor market reactions as these long-term initiatives unfold.

Bitcoin Santa Rally prospects are building as historical data from Coinglass shows gains in six of the last eight Decembers, averaging 8–46%. Market sentiment, per LVRG Research, has shifted from panic selling to strategic accumulation by long-term holders ahead of the year-end asset reallocation. Expectations of Fed rate cuts and US fiscal measures—such as a $2,000 tariff bonus and a 50-year mortgage plan—are seen as fresh liquidity stimulus. SignalPlus experts warn these initiatives may drive risk asset inflows and heighten year-end volatility. Traders should track Fed announcements, trading volumes, and market sentiment for potential double-digit gains during the December Santa Rally.

Bitcoin quantum risk from advances in quantum computing could soon threaten Bitcoin’s cryptography. Analyst Willy Woo recommends storing BTC in SegWit wallets for the next seven years. SegWit wallets delay public key exposure until spending. This approach narrows the quantum attack window. Critics such as Charles Edwards warn that SegWit wallets are not truly quantum-resistant and may delay a protocol upgrade. Others dismiss the quantum computing threat as distant and overstated. Any outgoing transaction still exposes a public key, leaving funds vulnerable if quantum decryption matures early. This debate over Bitcoin quantum risk highlights the urgency of a quantum-resistant cryptography upgrade.

On November 10, 2025, the US Treasury and IRS issued Revenue Procedure 2025-31, establishing a safe harbor for crypto ETF staking. The guidance allows spot ETFs to engage in crypto ETF staking of proof-of-stake assets like ETH and SOL through qualified custodians and distribute staking rewards quarterly. Rewards are taxed as ordinary income upon distribution, preserving the commodity-style ETF structure and avoiding entity-level taxes. Issuers must hold only cash and a single digital asset, disclose staking activity and risks such as slashing, and publish transparent reward reports. Analysts project annual yields of 3–5% for Ethereum ETFs and 5–7% for Solana products, subject to network conditions. Existing ETFs have nine months to amend trust agreements and can begin staking by mid-2026. Major issuers including BlackRock and Fidelity are expected to update prospectuses to integrate staking. This change removes regulatory uncertainty, levels the playing field with direct holders, may drive capital inflows, and could influence global frameworks such as the EU’s MiCA.

On November 8, Bitcoin price fell below the $102,000 support level, triggering short-term bearish sentiment amid technical resistance near $103,000–$105,000 and broader economic pressures. By November 11, intensified institutional selling and profit-taking drove Bitcoin price under $106,000, with automated sell orders pushing it to $105,954. Technical indicators now point to support around $104,000 and $103,000, while resistance remains near $108,000. Traders should monitor volume trends, key support levels, and institutional flows for reversal signals. Recommended strategies include dollar-cost averaging, setting stop-loss orders, and diversifying across digital assets to manage volatility. Although the short-term impact is bearish, such Bitcoin price corrections are common in bull markets, cleaning out weak hands and offering long-term buying opportunities.

ZKasino, a DeFi casino platform, has initiated ETH refunds to compensate users after its $33M rug pull. So far, 2,500 of the 8,000 affected addresses (35%) have received partial payouts. A second refund batch is set for next week, potentially covering up to 75% of investors. Larger withdrawals will require KYC checks and may incur interest adjustments under legal obligations. The ETH refunds process follows the collapse of ZKasino’s “bridge-to-earn” campaign, where over 10,000 wallets bridged 10,515 ETH. Deposits were converted into vested ZKAS tokens and staked on Lido without consent. In April 2024, Dutch authorities arrested a suspect, seizing about $12M in crypto, real estate and vehicles. Ongoing liquidity and legal actions will determine the final recovery. Traders should monitor refund schedules, transparency measures and on-chain asset movements for potential market impact.

Strive Inc. closed an oversubscribed Nasdaq ‘SATA’ IPO, upsizing its Variable Rate Series A Perpetual Preferred Stock from 1.25 million to 2 million shares at $80 each to raise $160 million. The company will deploy the proceeds to expand its Bitcoin treasury to 7,525 BTC, including a recent purchase of 1,567 BTC at an average price of $103,315. As the first corporate treasury firm to rely exclusively on perpetual preferred equity for Bitcoin accumulation, Strive leverages its Well-Known Seasoned Issuer status and $2+ billion in assets under management at Strive Asset Management. This non-dilutive financing model offers conservative investors a fixed-income–like exposure to Bitcoin while supporting predictable returns and long-term digital treasury growth.

Mastercard has launched a pilot to settle Gemini credit card purchases on the XRP Ledger using the RLUSD stablecoin. The trial is backed by Ripple, Gemini, and WebBank. It marks one of the first US-regulated bank transactions on a public blockchain. Under the program, WebBank will issue the Gemini Card. Payments will be facilitated and settled via RLUSD on the XRP Ledger. This RLUSD stablecoin settlement offers faster, transparent, and fully compliant stablecoin payments compared to traditional rails. The partners aim to integrate RLUSD into Mastercard and WebBank systems, pending regulatory approval. They also plan to leverage supportive legislation like the US GENIUS Act. The initiative enhances liquidity and sets a framework for broader blockchain-based card programs.

OpenAI has formally asked the US government to expand the Chips Act tax credit to cover AI data centers, servers and related power grid infrastructure. In a letter from Chief Global Affairs Officer Chris Lehane to White House science adviser Michael Kratsios, the company proposed extending the 35% Advanced Manufacturing Investment Credit (AMIC) under the Chips Act to include AI build-outs. OpenAI says this expansion of the Chips Act tax credit will lower early-stage investment costs and attract private capital for domestic AI infrastructure. The proposal also calls for faster permitting and environmental reviews, a strategic reserve of key materials such as copper, aluminum and rare earths, and streamlined regulatory pathways for new data centers. CFO Sarah Friar confirmed OpenAI is not seeking direct subsidies or government guarantees, while CEO Sam Altman emphasized market-driven principles. The request coincides with OpenAI’s forecast of a $20 billion annualized revenue run rate by end-2025 and $1.4 trillion in capital commitments over eight years. The letter follows OpenAI’s recent acquisition of Software Applications, Inc., developer of the ‘Sky’ AI assistant for Mac. Traders should note that increased AI infrastructure spending could raise electricity demand, indirectly affecting energy markets and crypto mining operations.

The Bank of England’s Financial Policy Committee (FPC) has proposed a £20,000 retail stablecoin cap to limit systemic risk from private digital currencies and prevent competition with bank deposits. Under the proposed cap, individuals could hold no more than £20,000 in fiat-backed tokens—such as USDT and USDC—at any time. The FPC will launch a public consultation ahead of finalising the rules later this year. The measure aligns the UK’s timeline with US stablecoin regulations and echoes global efforts like the EU’s MiCA framework. Industry participants warn that the stablecoin cap may dampen retail demand and hinder innovation in the short term but could enhance financial stability and boost sector confidence over the long run.