Crypto News

James Chanos, founder of Kynikos Associates, closed his 11-month short position on MicroStrategy (MSTR) and exited a long Bitcoin trade on November 7. MSTR shares plunged about 50% from their peak, narrowing the market net asset value (mNAV) premium on its 641,205 BTC holdings from 2.5× to 1.23×. Chanos said that most of his bearish thesis has played out, citing the collapse of valuation from $70 billion to $15 billion. Industry analysts see this move as a potential bottom for Bitcoin treasury stocks. Pierre Rochard of The Bitcoin Bond Company noted signs of an end to the bear market for bitcoin treasury firms, while Willy Woo expects MicroStrategy to hold its Bitcoin through future downturns. Traders should monitor MSTR for a possible rebound and short-covering rallies. The exit by one of Wall Street’s most prominent short-sellers signals improving market sentiment. A resurgence in bitcoin treasury stocks could spark renewed investor interest and trading opportunities in the sector.

Bitget CMO Ignacio Aguirre Franco has been appointed to drive global growth and advance the Universal Exchange (UEX) vision. As Bitget CMO, he brings over 15 years of experience at Adobe, SAP, Scorechain and Xapo Bank to lead product marketing and user engagement for Onchain, GetAgent and Stock Futures. His strategy centers on simplifying complex crypto trading products, integrating CeFi, DeFi and TradFi, and boosting mass adoption to reach 150 million users by 2026. The appointment strengthens Bitget’s brand amid partnerships with LaLiga, MotoGP and the UNTOLD Festival, highlighting its commitment to innovation, security and financial inclusivity.

KOL Rounds have become a dominant token distribution model in crypto fundraising, with projects bypassing VC and offering discounted allocations directly to influencers. According to recent data, 3,860 tweets mentioned “KOL” versus 3,078 for “VC,” signaling a shift toward influencer marketing. Successful KOL rounds like Aster (70× gains) and Holoworld AI’s HOLO (444% returns) showcase high early liquidity, but pump-and-dump cases such as SatoshiVM (SAVM from $11 to $0.075) and ZKasino’s asset freeze underline extreme volatility. Trading participants and retail investors should scrutinize token unlock schedules, vesting terms, VC backing, agency credentials and team reputation before buying into any KOL round. While KOL rounds accelerate FOMO-driven price spikes, they also introduce accountability gaps and steep sell-offs, making rigorous due diligence essential.

My First Bitcoin, founded by John Dennehy in 2021, has ended its partnership with El Salvador’s Education Ministry and closed its local office. After teaching over 27,000 Salvadoran students and accumulating 6,374 BTC (~$655 million), the nonprofit will adopt a fully remote model to expand Bitcoin education globally. It plans to open-source course materials and training tools for educators and community projects, aiming to scale its audience from local millions to billions worldwide. The shift follows El Salvador’s December 2024 IMF agreement, which paused further BTC accumulation and made acceptance voluntary, underscoring evolving crypto policy. This move marks a maturing phase in Bitcoin education.

Bitcoin price climbed past $105,000 on OKX on November 10, extending a 1.22% gain, then surged to $106,015.70 for a 2.18% daily rise. This rally reflects growing bullish momentum, driven by increased buying interest following consolidation near key support levels. Trading volume spiked as market optimism strengthened, positioning $105,000 as new support and $107,000 as the next resistance zone. The sustained Bitcoin price breakout may signal further upside potential, attracting momentum traders and reinforcing positive sentiment amid broader digital asset inflows. Traders should monitor volume trends and resistance levels for entry and exit points.

Bitcoin price surged past $104,000 on Binance’s USDT market, marking a historic milestone that exceeded previous all-time highs and delivered a roughly 400% gain from 2023 lows. Institutional adoption and increased demand from major financial players have accelerated buying pressure. Favorable macroeconomic conditions, regulatory clarity, and upcoming network upgrades bolstered confidence. Trading volume spiked and market sentiment turned overwhelmingly positive, fueling FOMO among traders. On-chain fundamentals strengthened as long-term holders reduced selling, while technical analysis points to potential resistance near $110,000. Despite the bullish trend, traders should prepare for volatility by applying sound risk management and considering market cycles. This breakthrough reinforces Bitcoin’s position as digital gold and signals a maturing market dynamic poised for further growth.

ARK Invest has sold 71,638 Tesla shares worth $30 million across its ARKK, ARKF and ARKW ETFs and redeployed $2 million into 48,454 shares of BitMine. This rebalance reflects a shift from legacy tech to blockchain assets and stronger Ethereum exposure. BitMine holds 3.4 million ETH as its treasury reserve, having acquired 565,000 ETH last month, despite $2.1 billion in unrealized losses. Its share price has surged over 400% year-to-date. The Tesla sale coincided with a 3.7% stock drop after Elon Musk’s $1 trillion compensation approval. ARK Invest’s move underscores a growing trend of crypto treasuries among institutional investors. Traders should watch Ethereum-centric platforms like BitMine and upcoming ARK ETF disclosures for potential impacts on ETH price dynamics and sector rotation.

Trump Media & Technology Group (TMTG) reported a third-quarter net loss of $54.8 million, nearly triple year-ago levels, as revenue fell 3.8% to $972,900 and legal expenses surged to $20.3 million. Trump Media’s shares plunged over 3% in after-hours trading and have declined more than 62% year-to-date, closing at $12.90. During the quarter, Trump Media invested $2 billion in Bitcoin at an average price of around $118,000 per BTC, only for its holdings to lose value as Bitcoin dipped to about $103,000. The company also unveiled a $6.4 billion crypto venture with Yorkville Acquisition and Crypto.com to accumulate Cronos tokens, mirroring institutional BTC strategies, though its existing CRO positions have also weakened. Transparency on Truth Social user metrics remains limited. Controversies around a proposed U.S. Crypto Strategic Reserve, President Trump’s pardon of Binance’s CZ, and significant stock awards for CEO Devin Nunes amid ongoing cash burn have raised governance and insider-trading concerns. Traders should weigh Trump Media’s heavy crypto exposure and rising costs against market volatility and uncertain long-term value creation.

ARK Invest CEO Cathie Wood has updated her 2030 Bitcoin forecast, cutting the bull-case target from $1.5 million to $1.2 million. She cites faster-than-expected stablecoin adoption in emerging markets, where digital dollars now dominate daily payments and savings. Wood’s revised scenarios include a bull case at $1.2 million, a base case at $600,000 and a bear case at $500,000. Despite the adjustment, she remains confident in Bitcoin’s fundamentals—capped supply, institutional demand and clearer regulation—and labels it the crypto “reserve currency.” Her 2030 Bitcoin forecast remains positive as former President Trump’s crypto-friendly stance has accelerated institutional inflows, reinforcing Bitcoin’s market role.

Pakistan’s State Bank, backed by the World Bank and IMF, is advancing a rupee-backed stablecoin and a central bank digital currency (CBDC) prototype. The CBDC has reached an advanced development stage, with pilot trials planned before full rollout. Endorsed by the Pakistan Banks’ Association, the initiative aims to modernize financial infrastructure, improve transaction efficiency, and boost the economy by up to $25bn. Goals include enhancing financial inclusion, reducing reliance on cash, cutting transaction costs, and strengthening monetary policy. Market participants emphasize that clear regulatory frameworks and upgraded payment systems are vital for the CBDC and stablecoin’s launch and adoption.

Data from Santiment highlights a growing Bitcoin divergence between whale and retail activity. Since October 12, large wallets holding 10–10,000 BTC have offloaded over 32,500 BTC during a dip from about $115,000 to $98,000. In contrast, small retail investors have been buying the retracement. This Bitcoin divergence underscores the risk of sudden market swings. Historically, price action follows whale activity, and such divergence often precedes market volatility or consolidation. Bitfinex analysts note that spot ETF inflows drove Bitcoin toward $125,000 in October before macro shocks and profit-taking led to a pullback. They expect continued consolidation and choppy trading in the near term. However, if weekly ETF inflows exceed $1 billion and economic indicators improve, Bitcoin could test $130,000. Traders should monitor whale movements, ETF flows, and macro factors for potential opportunities.

Bloomberg Intelligence analyst Mike McGlone warns that Bitcoin’s hold at $100,000 is a critical ’do or die’ test. Historical volatility is near decade lows, with the Cboe Volatility Index and S&P 500 realized volatility subdued. Bitcoin repeatedly stalled below $110,000 and risks mean reversion toward $56,000. A correlation above 0.53 with the S&P 500 ties Bitcoin to equity market swings. JPMorgan strategists also flag deceptive calm in crypto markets. Traders should track market volatility, equity correlation and key price levels. Bitcoin’s role as a safe-haven versus a risky asset will be tested, especially around Q4 2025.

Zcash (ZEC) has rallied over 700% since early October, briefly overtaking Hyperliquid to re-enter the top 20 by market cap with around $9.4 billion. The price surge—peaking near $680—comes amid wider market declines in Bitcoin and Ethereum. Investors cite growing demand for zk-SNARK privacy tech, expanding shielded pool use, the launch of the Zashi wallet and an upcoming halving as key drivers. Funding rates and trading volumes point to strong bullish momentum. Endorsement from Arthur Hayes, who now holds Zcash as the second-largest asset in his Maelstrom portfolio and has set a $1,000 price target, adds social proof. Traders should watch for heightened volatility and profit-taking risk as renewed institutional and retail interest in privacy coins intensifies.

A US federal court has declared a mistrial in the groundbreaking case against Anton and James Peraire-Bueno, accused of using an MEV bot to exploit a 2023 Ethereum vulnerability and siphon $25 million in 12 seconds. The MIT brothers faced first-of-its-kind wire fraud and money laundering charges after allegedly deploying an MEV bot scheme that tricked trading bots and misled users into high-speed bait-and-switch transactions. Defense attorneys argued the strategy was a lawful trading innovation within decentralized markets. With the New York jury deadlocked, Judge Jessica Clarke left the prospect of retrial uncertain. The verdict highlights the growing risks of MEV bot exploitation, Ethereum security flaws, and rising regulatory scrutiny on DeFi trading bots.

Crypto investigator ZachXBT has uncovered a fake Hyperliquid app on the Google Play Store that mimics the official wallet interface to steal seed phrases and drain funds. This fake Hyperliquid app is linked to wallet address 0x8c12C21C394D9174c3b1a086A97d2C5523ABb8F5. Researchers at Cyble Intelligence Labs have identified over 20 malicious crypto apps on Google Play Store impersonating popular wallets and exchanges like SushiSwap and PancakeSwap. These phishing scams request 12-word recovery phrases and excessive permissions. Traders should verify app legitimacy via developer information and user reviews, download apps only from Hyperliquid’s official site or hardware wallets, enable two-factor authentication, reset passwords if affected, and report scams to Google. This incident underscores the need for robust crypto security, highlighting Google Play Store vulnerabilities and the importance of proactive app screening to protect digital assets.

After October’s 20% crash wiped out $20 billion in leveraged positions, long-term holders and whales sold over 405,000 BTC, intensifying volatility. Yet Bitcoin ETF outflows remained modest at under $1 billion. On Thursday, institutional investors poured $240 million into Bitcoin ETFs, ending a six-day outflow streak. This rebound in Bitcoin ETF inflows highlights growing market maturity and draws “slow money” from registered investment advisors, pensions and 401(k) plans. A Charles Schwab survey shows nearly half of ETF investors plan to increase crypto ETF exposure. Analysts say regulated Bitcoin ETF inflows can dampen market swings and reinforce Bitcoin’s role as a store of value. Traders should watch future ETF flows as a gauge of institutional demand and market stability.

Japan’s Financial Services Agency (FSA) will reclassify crypto lending and IEOs under the Financial Instruments and Exchange Act from 2026. Under the new Japan crypto regulations, all crypto lending platforms must register as exchanges, implement cold wallet custody, segregate customer funds, and disclose price and credit risks. Staking services and sub-lenders face mandatory risk management. For IEOs, investment caps limit individual subscriptions to ¥500,000 or 5% of an issuer’s revenue (up to ¥2 million); larger raises require audited financials and revenue-based caps. Traders should watch for detailed guidance, as tighter oversight may reshape lending protocols and token offerings while enhancing market stability.

ASIC Chair Joe Longo has warned that Australia risks ceding market share if it does not accelerate asset tokenization. He noted over $35.8 billion in real-world assets—led by private credit and U.S. Treasury debt—are already on-chain, and global platforms have issued more than $3.1 billion in tokenized bonds since 2021. Major institutions like J.P. Morgan intend to fully tokenize money market funds within two years. To support tokenization, ASIC will relaunch its innovation hub, explore an Enhanced Regulatory Sandbox and collaborate with government on reform. Pilots such as Project Acacia and Singapore’s Project Guardian remain limited without clear rules. Firms issuing wrapped tokens, stablecoins and tokenized securities must secure licences by June 2026. Longo stressed that modernized regulation will reduce friction, safeguard investors and unlock efficiency gains from instant settlement and fractional ownership in Australia’s digital asset markets.

Circle has submitted recommendations to the U.S. Treasury on implementing the GENIUS Act. It urges uniform stablecoin regulation for banks, nonbanks and both domestic and foreign issuers. Payment stablecoins must be fully backed by cash and high-quality liquid assets. These reserves should be segregated from corporate funds and redeemable on demand. Circle also calls for transparent monthly audits, public reporting and clear enforcement penalties. It requests safe-harbor for good-faith compliance and warns against regulatory shortcuts and offshore arbitrage. Signed in July by President Trump, the GENIUS Act establishes a federal framework that takes effect 18 months after enactment or within 120 days following rule approval. A separate market structure bill remains stalled in the Senate amid a government shutdown. This stablecoin regulation framework aims to strengthen market integrity, boost consumer protection and level the playing field.

Crypto liquidity has stalled as inflows from stablecoins, ETFs and digital asset treasuries plateau, creating a self-funded trading loop. Since early 2024, ETF and treasury assets jumped from $40 billion to $270 billion, while stablecoin issuance doubled to $290 billion. Despite a supportive M2 money supply and easing central banks, high short-term rates and elevated SOFR push fresh capital into US Treasury bills over crypto. As a result, traders are forced to recycle existing funds, leading to a player-versus-player market. Rallies are fleeting and market volatility is driven by liquidation cascades rather than sustained buying pressure. Wintermute warns that only renewed stablecoin minting, new ETF approvals or increased digital asset treasury issuance could spark fresh crypto liquidity. Some large investors continue quiet OTC accumulation, but this has minimal immediate price impact.

Bitcoin price plunged below key support levels this week, first breaching $101,000 and then falling under $100,000 to hit $99,971 on Binance’s USDT pair. Traders attribute the drop to profit-taking by large holders, shifting market sentiment, regulatory concerns and institutional flows. The breach of the $100,000 psychological barrier has triggered automated stop-loss orders, intensifying market volatility. Technical analysts are closely watching trading volume and institutional buying as potential stabilizers for Bitcoin price. To navigate the pullback, traders are advised to use dollar-cost averaging, set clear entry and exit points, rebalance portfolios and diversify holdings. While short-term volatility may persist, many investors view this correction as a buying opportunity, citing Bitcoin’s fixed supply, growing institutional adoption and long-term growth narrative.

EU regulators plan a simplification package to delay parts of the EU AI Act amid pressure from the US government and major tech firms. The proposal grants generative AI providers a one-year compliance grace period, pushes back penalties for transparency violations under the EU AI Act until August 2027, and postpones enforcement of high-risk AI system rules scheduled for August 2026. Final approval by member states is required. Crypto traders should monitor these shifts in AI regulation and compliance timelines, as any changes to the EU AI Act could sway tech stocks and AI-linked cryptocurrencies.

Elixir has suspended its deUSD stablecoin following the deUSD collapse triggered by Stream Finance’s $93 million loss, which drove its price down 97% to $0.015. The deUSD collapse prompted Elixir to process 80% of redemptions before pausing minting and withdrawals to shield holders. Stream Finance halted withdrawals following an external asset wipe, leaving the platform with $285 million in debt and its xUSD stablecoin plummeting to $0.10. Stream still owes Elixir approximately $68 million and holds 90% of the remaining deUSD supply. Elixir will snapshot undeclared deUSD and sdeUSD balances, launch a redemption portal, and collaborate with DeFi lenders Euler, Morpho, and Compound to liquidate positions and ensure a 1:1 swap to USDC. This deUSD collapse underscores the systemic risk of interconnected DeFi protocols and raises fresh concerns over stablecoin resilience. Ahead of potential contagion, Circle has called on the US Treasury under the GENIUS Act for uniform regulation, while Coinbase and other stakeholders push for robust oversight and fully backed stablecoins.

Samson Mow, founder of Jan3, maintains that the Bitcoin bull run has yet to begin despite recent dips below $100,000. He argues current prices only marginally outpace inflation and point to ongoing accumulation, as Jan3’s inverted Fear & Greed Index shows “extreme greed.” Challenging slow, multi-year cycle models, Mow forecasts a “short and violent upheaval” that could drive Bitcoin to $1 million within weeks or months, marking the true start of the next Bitcoin bull run. While some traders question his aggressive timeline and dismiss the notion of long-term holders selling near $100,000, he urges monitoring key support at $100,000 and macro indicators—including geopolitical tensions and publicly listed crypto treasuries—to gauge market sentiment. This outlook underscores a heated debate over Bitcoin’s trajectory, prompting traders to assess risk appetite and stay alert for potential rapid rallies.

Tether’s Hadron, KraneShares and Bitfinex Securities have teamed up to build a tokenized securities infrastructure. Hadron by Tether will deliver scalable on-chain technology to validate security tokens and integrate real-world assets into blockchain networks. Bitfinex Securities will host a regulated secondary trading venue under El Salvador’s CNAD license, while KraneShares provides ETF management expertise and global distribution channels. The partnership targets institutional investors and cross-border trading. Market forecasts anticipate the tokenized securities sector expanding from $30 billion in 2025 to $10 trillion by 2030. Key executives stress that credible secondary markets and clear regulations are vital to unlocking new capital flows and fully tokenizing traditional assets within four years. Traders should monitor tokenized securities listings for new trading opportunities.

USDX, Stable Labs’ algorithmic stablecoin, depegged from $1 to as low as $0.38 on November 6, triggering a DeFi liquidity crisis. Heavy redemptions drained Balancer pools, wiping out BTC and ETH hedges and forcing whale liquidations. Borrowing rates on Lista DAO spiked above 800%, prompting emergency governance proposals. Platforms like PancakeSwap, Euler, and Silo suffered severe slippage. Major exchanges paused USDX operations while traders rotated into USDT and USDC. The incident underscores the fragility of algorithmic stablecoins and highlights the need for transparent and robust collateral management and redemption mechanisms in DeFi.

Tether’s Hadron platform has partnered with KraneShares and Bitfinex Securities to introduce tokenized ETFs and real-world assets onchain. Bitfinex Securities will offer a licensed trading venue under El Salvador’s regulatory framework, while KraneShares plans to transition fully to tokenized offerings within three to four years. Onchain data shows tokenized assets exceed $35 billion, with tokenized securities at $30 billion and projected to reach $10 trillion by 2030. The tokenized ETFs aim to test institutional appetite, boost secondary trading liquidity, and enable near-instant settlement with reduced intermediaries. By connecting traditional investment products with next-generation blockchain infrastructure, the collaboration seeks broader distribution in emerging markets and stronger digital asset trading infrastructure.

Franklin Templeton has launched HK’s first tokenized money market fund on its Benji Technology blockchain platform. The Luxembourg-registered fund invests in short-term U.S. government securities and offers faster settlement, improved transparency and lower fees compared with traditional funds. Initially open to institutions and professional investors with at least HK$8 million in assets, it leverages tokenization under the HKMA’s Fintech 2030 roadmap and Project Ensemble. HSBC and OSL provide SFC-licensed custody and trading infrastructure. A retail version is planned to broaden access. The move follows Franklin Templeton’s earlier tokenization projects with DBS and Ripple Labs on the XRP Ledger, including the sgBENJI fund and RLUSD stablecoin.

Galaxy Digital has lowered its Bitcoin year-end price target for 2025 from $185,000 to $120,000. The firm cites a maturing market with institutional investors absorbing supply through passive ETF flows. Key triggers include the October 10 flash crash, which led to $20 billion in liquidations after a 400,000 BTC whale sell-off, and five straight days of outflows from U.S. Bitcoin and Ethereum spot ETFs totaling over $1 billion. On-chain data show declining spot demand. Competition from gold, AI infrastructure stocks, and stablecoin narratives has also diverted capital from Bitcoin. Despite an 18% correction from October’s all-time high of $126,080 and bearish forecasts as low as $72,000, Galaxy maintains Bitcoin’s market structure remains intact. Traders should expect short-term price pressure but may see a recovery later in the year if ETF inflows and institutional demand persist.