Из жизни альткоинов

Крупнейшая по объемам торгов криптобиржа Binance объявила о запуске сервиса Deleted Account Service Tool, позволяющего клиентам площадки восстанавливать ранее удаленные аккаунты.

Долгосрочная волатильность биткоина снизилась с пиковых 84% в 2021 году до 43%. Причина — приход институциональных игроков и запуск регулируемых криптоинструментов, заявили аналитики Glassnode и Fanara Digital.

Concerns regarding the potential exclusion of Strategy (MSTR) from the MSCI index emerged last week, with estimates from JPMorgan analysts indicating that such a move could result in approximately $2 billion to $8 billion in outflows.

Amid mounting concerns within the crypto community, Michael Saylor confirmed that the company is in discussions with MSCI regarding its potential exclusion from the provider’s indices. 

Michael Saylor Weighs In On Exclusion Concerns

MSCI has stated that by January 15, it will decide whether to remove companies whose business models focus on purchasing cryptocurrencies, amid concerns that these firms resemble investment funds, which are currently ineligible for index inclusion.

Reuters reported that Saylor acknowledged the discussions with MSCI but expressed skepticism regarding JPMorgan’s projections of potential outflows. He commented, “It won’t make any difference, in my opinion,” regarding the implications of a possible exclusion. 

Saylor noted that the equity associated with Strategy is inherently volatile due to its significant reliance on Bitcoin’s (BTC) price. He cautioned, “If Bitcoin falls 30% or 40%, then the equity is going to fall more, because the equity is built to fall.” 

Currently, Strategy operates with a leverage ratio of 1.11, and Saylor indicated that the company could withstand a steep decline of 95% in Bitcoin prices.

Reports from NewsBTC indicated that Saylor Strategy’s position emphasizing that it is not merely a passive Bitcoin holding entity. Instead, he highlighted that the company functions as a software firm with a proactive financial strategy, countering the narrative surrounding MSCI’s concerns.

Strategy Establishes New USD Reserve 

The recent fluctuations in Bitcoin prices have reignited fears of a potential bear market, raising questions about whether Strategy would consider selling some of its substantial Bitcoin reserves, currently exceeding 650,000 coins. 

This speculation intensified after Strategy CEO Phong Le addressed the possibility of selling some holdings during an interview on the “What Bitcoin Did” podcast. 

Le stated that if the company’s stock trades below the value of its Bitcoin holdings and it is unable to raise additional capital for preferred dividends, a sale might become unavoidable. 

“If the stock trades below the value of our Bitcoin, then mathematically we would have to sell some Bitcoin. It would be the last resort,” he explained.

To support this vision, the Virginia-based company recently announced the establishment of a $1.44 billion reserve fund allocated for dividend payments on preferred stock and to meet its debt obligations.

The newly created reserve is funded through proceeds from its at-the-market stock offering. The company aims to maintain a balance sufficient to cover at least 12 months of dividends, with ambitions to extend this coverage to 24 months or more in the future. 

Saylor remarked, “Establishing a USD Reserve to complement our BTC Reserve marks the next step in our evolution. We believe it will better position us to navigate short-term market volatility while delivering on our vision of being the world’s leading issuer of Digital Credit.”

At the time of writing, Bitcoin was trading just above $93,000, marking a 4.5% increase over the past 24 hours. MSTR, the stock of the investment firm Strategy, traded up 2% in the premarket. 

Featured image from Bloomberg, chart from TradingView.com 

На фоне вступления крипторынка в медвежий цикл, компания Strategy создала резерв в долларах США на $1,44 млрд, выбрав оборонительную модель действий, заявили аналитики платформы CryptoQuant.

XRP is now moving into one of its most decisive weeks in years, based on a perfect alignment of institutional developments, ETF expansion, and changing supply dynamics. The most important factor behind this trend is the concentration of Spot XRP exchange-traded funds now competing for liquidity in the United States. 

Ripple’s growing institutional footprint is also feeding expectations that this week could represent the beginning of a new bullish phase in XRP’s long-term market direction, especially as exchange reserves continue to decline.

A Landmark Week For Spot XRP ETFs

The arrival of 21Shares’ US Spot XRP ETF has modified the ETF niche, because for the first time five major issuers are trading XRP-backed funds simultaneously. Bitwise, Grayscale, Franklin Templeton, Canary Capital, and now 21Shares have consolidated into a new institutional layer for XRP, and the combined demand is starting to reshape how investors are looking at XRP.

According to data from SoSoValue, total inflows into these funds have already surpassed $824 million, and it’s not even yet a full month of trading. The most interesting thing is that since launch, not a single session has recorded net outflows.

The rise in ETF demand is unfolding at the same moment that the supply of liquid XRP on exchanges continues to thin. Analysts monitoring these flows describe this as one of the most structurally significant developments in years because several Spot XRP ETFs are competing directly for circulating supply while being legally unable to source tokens from Ripple’s escrow.

A price-path sensitivity simulation run by Mohamed Bangura, which was shared by crypto analyst Chad Steingraber, adds another layer to the discussion of how Spot XRP ETFs are a game-changer for the cryptocurrency. His model assumes a baseline ETF demand of 74.5 million XRP per day, an available exchange supply of 2.7 billion XRP, and a periodic escrow addition of 300 million XRP every thirty days. 

He built three scenarios using price elasticity values of 0.2, 0.5, and 1.0 over a 180-day window. All of these scenarios point to huge bullish price targets, with targets ranging from $6 to extreme spikes approaching $600, depending on elasticity.

Ripple’s New Regulatory Milestone Boosts XRP

Ripple has secured a major regulatory upgrade in Singapore, giving its local subsidiary approval to operate a fully licensed payments platform capable of handling fund collection, custody, token conversion, and payouts. This step strengthens Ripple’s global payments push and positions XRP for deeper integration into regulated financial channels.

At the same time, the XRP Ledger is showing a significant rise in on-chain activity. Recent data reveals a jump in AccountSet operations to levels not seen in years, along with a noticeable uptick in new wallets and overall transaction volume. 

The combination of Ripple’s growing regulatory footprint and the XRP Ledger’s latest activity suggests that real-world usage and ecosystem growth are rising just as institutional demand through spot ETFs increases.

Важную роль в сделках играют посредники, и криптоторговля также не обходится без третьих лиц. Ими могут выступать не только централизованные платформы — нередки случаи, когда трейдеры прибегают к помощи «серых бирж».

A consortium of major European banks has formed Qivalis, a new entity in Amsterdam to launch a euro-pegged stablecoin in 2026.

A Tenth Bank Has Now Joined The Euro Stablecoin Consortium

Back in September, nine big European banks announced a consortium aimed at developing and launching a euro-based stablecoin, a digital asset that will have its price pegged to the euro (EUR).

Currently, stablecoins are overwhelmingly dominated by the US dollar (USD), with USDT and USDC, the two largest such cryptocurrencies in the space, accounting for 85% of the market. The consortium’s euro stablecoin intends to provide a real alternative to the USD tokens.

The nine banks that initially kickstarted the plan included ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International. As announced in a press release, a tenth European bank in France’s BNP Paribas has now joined the effort.

BNP Paribas is the second largest bank in the bloc and eighth largest globally with over $2.8 trillion in assets. The list of banks part of the consortium already included some heavy-hitters, but BNP Paribas now adding its backing further elevates the project.

BNP Paribas is classified as a global systemically important bank (G-SIB) by the Financial Stability Board, meaning that its stability is integral to the world financial order. Netherlands’ ING, another member of the consortium, is also included in a lower bucket of the same category.

In the initial announcement, the banks had noted that they had formed a new company in the Netherlands to handle the issuance of the euro stablecoin. As revealed by the consortium’s CaixaBank, the Amsterdam-based firm has now been incorporated and named Qivalis.

Qivalis is working on obtaining an electronic money institution license from the Dutch Central Bank, seeking to launch the euro-denominated stablecoin in the second half of 2026. This asset will be compliant with Markets in Crypto Assets Regulation (MiCAR), the EU’s framework for digital assets.

Jan-Oliver Sell has been lined up to serve as Qivalis’ CEO. Sell has previously had roles at Coinbase Germany and Binance. “A native Euro stablecoin isn’t just about convenience – it’s about monetary autonomy in the digital age,” noted the CEO.

Caixabank has said that the consortium is open to more banks joining. In October, Bloomberg reported that America’s Citigroup would be joining the group, but so far, the bank’s name hasn’t appeared in any subsequent press release related to the stablecoin project.

In some other news, PayPal’s PYUSD has witnessed some sharp growth since September, as DeFi analytics firm DefiLlama has highlighted in an X post.

As displayed in the above chart, PayPal’s stablecoin had a supply of $1.2 billion in September, but today that figure has sharply gone up to $3.8 billion.

Bitcoin Price

At the time of writing, Bitcoin is trading around $92,800, up more than 7% over the last week.

US President Donald Trump issued a full pardon on December 2, 2025, freeing former Honduran leader Juan Orlando Hernández from a US federal sentence.

Hernández had been convicted in 2024 on drug trafficking and weapons charges and was serving a 45-year term after prosecutors said he helped traffickers move hundreds of tons of cocaine toward the United States.

Prison Tie Raises Eyebrows

According to reports, the pardon by Trump drew quick praise from Sam Bankman-Fried, who is serving a 25-year federal sentence after his conviction in the FTX collapse case.

In a post on X, Bankman-Fried wrote: “I’m so glad Juan Orlando is free — few are more deserving than him.”

The two men once shared one prison dormitory while detained in the US, a detail that adds a personal dimension to the reaction.

Political Timing And Pushback

Based on reports, the move came just before a closely fought Honduran vote and prompted sharp criticism from lawmakers and anti-drug officials. Opponents said freeing a former head of state convicted in the US weakens long-standing efforts to curb trafficking.

I’m so glad Juan Orlando is free–few are more deserving than him.

— SBF (@SBF_FTX) December 2, 2025

Supporters argued that Hernández faced political attacks and that the Trump pardon corrected an injustice. Multiple voices in Congress called the decision troubling, and several advocacy groups said it could undercut trust in US drug enforcement.

Questions About International Impact

Reports have disclosed concern among analysts that the pardon could affect US ties in the region and might influence public opinion inside Honduras. Some legal experts warned the action risks setting a precedent where high-level convictions can be overturned by executive clemency after sentencing.

Others noted that clemency is a long-standing presidential power, and pointed to past instances when presidents used it for political or humanitarian reasons.

Trump Pardon: Reaction On The Ground

Local and international reaction was mixed. Human rights organizations urged careful review of the pardon’s implications for rule-of-law efforts, while certain political allies in Honduras hailed the release as a victory.

Commentators also highlighted that prosecutors had linked Hernández to large-scale shipments of narcotics, a fact that made the pardon especially controversial among drug-control officials.

What This Means For Bankman-Fried

Based on reports, Bankman-Fried’s public support appears tied to his own efforts to seek clemency. Observers suggested that the endorsement could be intended to draw attention to his case or to court favor.

Whether the presidential action will have any bearing on other clemency requests remains unclear, but the episode has already sparked debate over the boundaries of presidential pardon power.

Featured image from Getty Images, chart from TradingView

Paulo Vidal, a Dogecoin Foundation developer, has created a new protocol that transforms DOGE addresses into International Bank Account Numbers (IBANs). This development could make it easier to link Dogecoin with conventional financial systems, offering a new level of usability for both crypto enthusiasts and mainstream players. While the protocol is still in its early stages, Vidal has shared updates on its developments and insights into its core features. 

Dogecoin Dev Introduces Banking IBAN For DOGE

Dogecoin could be taking a step closer to mainstream financial integration as Vidal unveils an innovative protocol that allows addresses tied to the meme coin to function like bank-validated IBANs. Announced on X this week, the Dogecoin developer explained that his effort to simplify Dogecoin addresses has evolved into a D-IBAN system fully compliant with ISO 13616-1:2020 Standard. 

Vidal has explained that the D-IBAN protocol allows Dogecoin addresses to be formatted in a way that banking systems can easily validate, effectively bridging the gap between cryptocurrency and traditional finance. He explained that the system supports multiple address types, including P2PKH, P2SH, P2WPKH, and time-locked addresses, automatically detecting the type from the address prefix. Additionally, it automatically detects the address type and uses the same MOD-97-10 Checksum algorithm used by banks worldwide. 

The Dogecoin developer notes that the D-IBAN encoding is fully reversible, allowing users to convert back and forth without losing any data. The protocol also formats the IBAN into standard four-character groups for readability, making DOGE addresses more user-friendly and appearing bank-compliant. 

Beyond the core D-IBAN functionality, Vidal has also introduced playful and practical extensions of the system. The DogeMoji protocol converts addresses into memorable, visually appealing emoji sequences—ideal for social media or QR codes. 

The second DogeWords protocol encodes addresses into short, positive word sequences that are easy to read and remember, while maintaining complete reversibility and ensuring accuracy through validation. Both D-IBAN features are designed to make Dogecoin easier to share and interact with in creative ways. 

Community Reacts To D-IBAN Invention

Members of the crypto community who read about Vidal’s new D-IBAN protocol responded with a mix of enthusiasm, curiosity, and caution. Crypto analyst Astro noted that sending fiat to a crypto address via IBAN would require compliance with Anti-Money Laundering (AML) rules, KYC verification, and potentially obtaining a Virtual Asset Service Provider (VASP) license. 

Astro warned that integration with traditional banks could undermine the decentralized narrative of blockchain technology, contending that banks and crypto have inherently conflicting interests. A community member also highlighted that creating a mathematically valid IBAN from a Dogecoin address does not guarantee that banks will process actual transactions. He stated that only IBANs issued by authorized institutions are recognized for fund transfers. 

Vidal addressed these concerns by emphasizing that the D-IBAN protocol is intended to provide optional banking integration rather than enforce it. He argued that banks could handle Dogecoin in a familiar format while users retain full control of their wallets, preserving self-custody and upholding the core principles of decentralization.

Strategy CEO Phong Le signaled the company may eventually lend part of its bitcoin holdings once large US banks fully enter the market with institutional-grade custody and lending infrastructure, while stressing that the core strategy remains to “buy and hold bitcoin.”

Building A Dollar Buffer Around A Bitcoin Core

Speaking on Bloomberg Crypto on December 2, Le outlined why the company built a $1.4 billion dollar reserve to fund dividends and interest, even as BTC price has endured a sharp drawdown from its early-October high near $125,000 to a brutal November that saw a further 17% decline before a rebound above $92,000.

Le framed Strategy’s balance sheet as a barbell between long-term BTC exposure and short-term cash obligations: “We have long-term strategy, which is to buy and hold bitcoin. That is our primary treasury reserve asset. And we have short-term dollar obligations created because of the dividends we have on our preferred notes.”

To avoid being forced to sell BTC when the company’s equity trades close to or below the value of its underlying holdings, Strategy created a dedicated US dollar reserve: “If we want to really create a bulletproof balance sheet, let’s have the global reserve digital asset, bitcoin, for the long term, and the global reserve digital currency for the short term. That is why I created the US dollar reserve, to pay down dividends in the short term any case that we needed.”

Le said Strategy recently issued equity “in 8.5 days” to pre-fund roughly 21 months of preferred dividends, and now aims to maintain a cash buffer equal to “two to three years of dividends,” a policy he expects to maintain for “the next five or 10 years” before reassessing as the capital structure evolves.

He defended the company’s insistence on continuing the dividend, arguing that suspensions “create fear, uncertainty, doubt” and harm equity holders: “Our objective is to pay the dividend into perpetuity. Never say never, but I think preserving the payment of the dividend […] is the right thing for the short term. It is also important for the bitcoin asset class.”

At the same time, he sought to defuse concerns that Strategy is overleveraged or at imminent risk of selling BTC. Le said Strategy has “12% leverage” on its debt alone and “27% leverage” including preferreds, versus “60% to 80%” at a typical US public company. If the company continues to grow its cash reserves to cover multiple years of dividends, he said, “really [we’re] talking about the end of 2028” before any realistic scenario where selling bitcoin to fund dividends might be considered.

Le also pushed back against MSCI’s suggestion that “digital asset treasury” companies may resemble funds and could be excluded from indices. He argued Strategy is a “fully integrated, vertically integrated bitcoin operating company” that buys bitcoin, issues securities, creates products, generates operating income and employs full corporate staff, and therefore should trade at a premium reflecting its ability “to grow our treasury and our operating income over time.”

From HODL To Considering Bitcoin Lending

On lending, Le said Strategy has deliberately kept its business “very simple” so far: “We buy and we hold bitcoin.” However, that may change as traditional finance ramps up BTC offerings: “Over the course of the next year […] big, real banks will offer custody, lending service and staking and otherwise. I think when they enter that space and when they have different counterparties, it is something we would consider and be enthusiastic about.”

Le added that Strategy has already had “a lot of constructive discussions” with large US banks exploring bitcoin custody, exchange and lending and is “excited to partner with them” once those platforms are fully in place.

At press time, Bitcoin traded at $92,997.

Bitcoin (BTC) climbed back above the $93,000 level this week as improving liquidity conditions and a major shift in institutional policy helped stabilize market sentiment following sharp volatility.

Related Reading: Crypto Investors Brace As Japan Proposes 20% Tax By 2027

The move follows a month-long slide that erased nearly 20% from recent highs and raised questions about whether the broader uptrend was losing strength. Consequently, about $250 million in BTC short positions have been liquidated.

Institutional Access Expands as Vanguard Lifts ETF Ban

The most notable catalyst for the rebound came from Vanguard, which reversed its long-standing ban on Bitcoin ETFs. The decision immediately opened access to tens of millions of retail accounts and allowed products such as BlackRock’s IBIT to trade on the platform, generating more than $1 billion in volume on day one.

The policy shift triggered a rapid surge in demand and helped fuel more than $400 million in short liquidations as Bitcoin jumped from the mid-$88,000 area to above $93,000 within hours.

Analysts note that several major firms, including Robinhood and Fidelity, added significant BTC exposure during the session. Combined with stablecoin issuers expanding supply in recent weeks, liquidity across the crypto market has broadened.

Macro Shifts and Technical Levels Support the Recovery

The rebound coincided with the U.S. Federal Reserve ending its quantitative tightening programme and injecting fresh funds into short-term markets. Repo facility usage also increased, improving liquidity for risk assets. Traders now assign high probability to a rate cut at the Fed’s December meeting.

Across the market, major assets followed Bitcoin higher. Ethereum traded near $3,000, Solana reached $142, and XRP climbed back above $2.18. Market indexes tracking large-cap cryptocurrencies rose around 7%, while the Crypto Fear & Greed Index moved off extreme fear levels.

Technical indicators are showing early signs of stabilisation. Analysts highlight the $86,000–$88,000 range as a key support zone that has held through repeated tests in recent months. Bitcoin is also pressing against resistance between $92,500 and $94,000, forming an ascending triangle pattern.

Renewed $100K Bitcoin Targets, but Debate Over Trend Strength Remains

Despite the strong bounce, analysts remain divided on whether Bitcoin is entering a renewed expansion phase or simply retracing after a sharp correction.

Some warn that deeper downtrends historically unfold over longer periods. Others argue that rising institutional participation and on-chain activity resemble previous mid-cycle resets rather than the start of a prolonged decline.

Related Reading: Bank Of America Opens Up To Bitcoin, Recommends Up To 4% Crypto Allocation

For now, BTC’s ability to maintain levels above $92,000 is viewed as critical. A sustained move higher would keep $100,000 firmly in focus, while failure to break resistance could send the market back into the high-$80,000 range.

Cover image from ChatGPT, BTCUSD chart from Tradingview

A new CryptoQuant report from XWIN Research Japan reveals that the sharp +6% Bitcoin rally on December 2–3, 2025 was triggered by a seismic shift in traditional finance: Vanguard’s unexpected policy reversal.

The $11 trillion asset manager—long known for its conservative stance—opened its platform to spot ETFs for BTC, ETH, XRP, and SOL, instantly giving more than 50 million investors access to crypto products. The move marks one of the most significant steps toward mainstream adoption in the industry’s history.

The catalyst behind this reversal was the appointment of Salim Ramji, Vanguard’s new CEO and a former BlackRock executive who played a key role in launching the IBIT ETF. His leadership signaled a dramatic change in direction, and the market responded immediately.

Once US markets opened, Bitcoin surged 6% in a single move, while IBIT surpassed $1 billion in trading volume within the first 30 minutes. Massive inflows from retail and retirement accounts followed, with Bloomberg’s Eric Balchunas noting that “a large wave of Vanguard clients may have moved all at once.”

Institutional Demand Builds as Bitcoin Coinbase Premium Recovers

XWIN Research Japan notes that, despite the recent surge, the Coinbase Premium Index remains in negative territory, showing that US prices still sit slightly below global averages. Even so, the report highlights a clear improvement in US spot buying pressure, signaling that demand is slowly returning.

If the premium rises back to zero or positive territory, the market may begin to price in what XWIN calls the “next wave” — a phase that could propel Bitcoin toward the $100K range as institutional flows strengthen.

This shift is happening just as Vanguard makes its historic entrance into the crypto market. XWIN emphasizes that this is not a short-term catalyst. Vanguard manages $11 trillion, and even a tiny allocation — just 0.5% of assets flowing into crypto ETFs — would represent $55 billion in new capital. That figure alone exceeds the entire first-year inflow from the 2024 spot Bitcoin ETF cycle.

With the “final giant” of traditional finance now participating, the long-term structure of Bitcoin demand is changing. Vanguard’s move signals the beginning of a genuine institutional adoption phase, where inflows can scale far beyond anything seen in previous cycles, potentially redefining Bitcoin’s upper price boundaries.

Price Rebounds From Weekly Support but Faces Major Resistance

Bitcoin’s weekly chart shows a strong rebound from the $84,000–$86,000 support zone, an area that aligns closely with the 100-week SMA. This level acted as a critical pivot during previous corrections, and once again buyers stepped in aggressively, forming a clear bullish reaction. The long lower wick from last week’s candle confirms strong demand, with BTC now trading back above $93,000.

However, despite the rebound, the broader structure remains cautious. Bitcoin still trades below the 50-week SMA, which has begun to flatten near the $102,000–$103,000 region. This moving average now acts as a major resistance level and the next key test for bulls. A weekly close above it would mark a meaningful shift in momentum and signal that BTC may be ready to resume its broader uptrend.

If BTC continues to hold above the 100-week SMA and pushes toward the 50-week SMA, the market could enter a consolidation phase that sets the stage for a stronger upside move. Failure to reclaim $102K, however, risks renewed selling pressure and a potential retest of the $86K region.

Featured image from ChatGPT, chart from TradingView.com

The UK has reached a defining moment for its digital economy, introducing legal clarity that crypto users and businesses have long sought. For a long time, cryptocurrencies, stablecoins, and other digital tokens existed in a grey legal zone, recognised by courts in practice but not formally defined in statute.

That uncertainty shaped how disputes were settled, how assets were recovered, and how companies approached innovation. Now, with Parliament passing the Property (Digital Assets, etc.) Act and securing royal assent, the UK has made a deliberate shift toward a more structured digital asset framework.

The new rules are designed to do more than refine legal language. It is believed that they will help how English law categorises emerging technologies, laying the groundwork for clearer ownership rights, smoother dispute resolution, and broader institutional participation.

UK Issues Digital Assets Firm Legal Ownership Status

The legislation confirms that digital or electronic “things” qualify as personal property, placing cryptocurrencies on the same legal footing as traditional assets.

Previously, courts treated crypto as property through case-by-case rulings, relying on common law. Parliament’s decision now writes this position into statute, following a 2024 recommendation from the Law Commission.

Digital assets had long challenged existing classifications. UK law traditionally recognised two forms of personal property: physical items (“things in possession”) and enforceable rights (“things in action”).

Crypto fits neither category neatly. The new law resolves this by creating space for a distinct type of property that reflects how digital tokens behave and are used in modern markets.

Industry groups welcomed the change, stating that it will help courts deal with theft, fraud, insolvency, and inheritance cases involving crypto with greater consistency. Users now have a clearer pathway for proving ownership and recovering lost or stolen digital funds.

Stronger Protections as Adoption Rises

The shift arrives as crypto participation continues to grow in the UK. According to financial regulators, around 12% of adults now hold some form of crypto, up from 10% in earlier findings. Policymakers have argued that this rising adoption makes legal certainty essential for both consumer protection and market stability.

The new statute also aligns with the government’s broader plan for a regulated crypto regime that would bring exchanges and service providers under rules similar to those applied to traditional financial firms. Lawmakers aim to support innovation while introducing clear standards for accountability.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Les chiffres sont tombés. Les volumes de trading sur les échanges crypto ont reculé en novembre à environ 1,59 milliard de dollars, leur plus bas niveau depuis juin. Une baisse d’environ 26,7 % par rapport à octobre, qui interroge autant les traders que les investisseurs à long terme.

Des volumes au plus bas depuis juin : un marché crypto qui appuie sur pause

Les échanges centralisés ont vu leurs volumes passer de 2,17 milliards de dollars en octobre à 1,59 milliards en novembre. C’est un recul brutal, proche d’un tiers de l’activité qui disparaît en un mois, et le niveau le plus faible depuis juin 2025.

Binance reste en tête avec près de 599 milliards de dollars de volume, mais là aussi la baisse est marquée par rapport au mois précédent, autour de –26 %. Bybit, Gate.io et Coinbase suivent derrière, tous touchés par la même contraction. On ne parle donc pas d’un problème propre à une plateforme, mais bien d’un phénomène global.

Côté DeFi, le tableau n’est pas plus réjouissant. Les DEX affichent environ 397,8 milliards de dollars de volume en novembre, contre 568,4 milliards en octobre, là encore au plus bas depuis juin. Uniswap et PancakeSwap, leaders du secteur, voient tous deux leurs volumes reculer d’environ un tiers.

Volatilité en berne, traders refroidis et capitaux en retrait

Pourquoi cette chute soudaine alors que la crypto reste au cœur de l’actualité financière ? La probabilité s’est évaporée après le rallye des derniers mois. Le marché est passé d’une phase d’euphorie à une phase de digestion. Les traders qui avaient joué la hausse sur leurs profits. Puis ils ont simplement levé le pied, en attendant un nouveau signal fort.

Par ailleurs, les flux institutionnels se sont retournés. Les ETF spot Bitcoin aux États-Unis ont enregistré en novembre des sorties nettes d’environ 3,5 milliards de dollars. C’est le plus gros mois de retraits depuis février. Cela pèse mécaniquement sur la profondeur du marché, surtout sur les grandes paires comme BTC et ETH.

Spot Bitcoin ETFs just proved they are the new price-setters.November’s sell pressure didn’t weaken their influence; it confirmed it.

U.S. spot Bitcoin ETFs posted $3.48B in net outflows for the month, their weakest since February.

➣ Cumulative Bitcoin ETF net inflows: $57.7B… pic.twitter.com/HDjQjsRE8t

— THEDEFIPLUG (@TheDeFiPlug) December 1, 2025

Le contexte macro n’aide pas aussi. Après avoir flirté avec des records au-delà des 110 000 dollars, le Bitcoin a violemment corrigé pour revenir vers la zone des 80–90 000 dollars. Cette baisse a provoqué des liquidations en chaîne sur les positions très levier. De quoi refroidir les traders de court terme et inciter les market makers à réduire leur exposition et leurs carnets.

Baisse des volumes : comment un investisseur crypto peut s’adapter ?

Quand l’activité se contracte, forcer les métiers devient dangereux. Les écarts s’élargissent, le glissement augmente, et le moindre faux mouvement coûte cher. Dans ce type de marché, la patience devient un avantage. Mieux vaut laisser le bruit s’éteindre et se concentrer sur quelques niveaux techniques clés plutôt que de multiplier les ordres par ennui.

Les stratégies d’accumulation progressive comme le DCA représentent tout leur sens. Acheter à intervalles réguliers, sur un marché en consolidation, permet de lisser le prix d’entrée sans chercher à « timer » le point bas parfait. Ce n’est ni spectaculaire ni excitant, mais historiquement, ce sont ces phases de creux qui construisent les meilleures positions à long terme.

Autre axe souvent négligé : utiliser ces périodes de latence pour faire travailler son capital autrement. Staking, prêt, rendement sur protocoles éprouvés ou même exposition à des projets en prévente bien sélectionnés. Plutôt que de subir un marché plat, l’investisseur peut transformer ce temps mort en phase de préparation. C’est exactement dans ce genre de climat que certains projets alternatifs se démarquent.

PepeNode ($PEPENODE) : le minage virtuel 2.0 qui profite des phases creuses

Le succès de RollerCoin a prouvé qu’il existait une énorme demande pour le minage virtuel. Des centaines de milliers de joueurs ont montré qu’ils étaient prêts à miner sans jamais acheter de machines ni payer une facture d’électricité. Mais le modèle avait deux failles majeures : un gameplay basé sur des mini-jeux répétitifs, et une expérience qui ne démontre pas vraiment au vrai minage crypto.

PepeNode ($PEPENODE) arrive précisément là où RollerCoin s’essouffle. Le projet place la stratégie au centre du jeu. Chaque décision compte : quels nœuds acheter, comment les combiner, à quel moment agrandir sa salle de serveurs, quand réaliser sa puissance de calcul. On ne clique plus seulement pour grind des points. On construit un système cohérent qui conditionne directement la quantité de crypto gagnée.

Surtout, PepeNode s’attache à simuler le vrai minage, mais dans un environnement 100 % virtuel. Ce concept lui vaut déjà une place sur les radars des meilleurs memecoins auprès des joueurs friands de GameFi.Les joueurs gèrent leur hashrate, optimisent leurs rigs, améliorent leurs configurations. Plus tard, ils pourront même intervenir sur le refroidissement, la gestion de l’énergie et d’autres paramètres inspirés des fermes de minage professionnelles. Le ressenti se rapproche de celui d’un mineur réel, mais sans le moindre coût matériel ni contrainte technique.

Cette approche tombe à point nommé dans un marché où les volumes d’échange sont en berne. Pendant que les carnets d’ordres des échanges crypto se vident, les joueurs-investisseurs peuvent rediriger une partie de leur attention vers un écosystème gamifié, pensé pour générer des flux en PEPE, FARTCOIN et autres tokens partenaires, simplement en optimisant leur infrastructure virtuelle. Aux yeux de nombreux chasseurs de rendement, le projet s’impose déjà parmi les nouvelles préventes memecoins à surveiller. La prévente de PepeNode devient alors une porte d’entrée pour se positionner tôt sur cet univers de « mining-game » nouvelle génération.

Participez à la prévente $PEPENODE ! Quand le marché s’endort, les bâtisseurs s’activent

L’effondrement des volumes sur les échanges crypto ne signifie pas que le marché est mort. Il indique surtout que le trading frénétique fait une pause. Les mains fortes accumulent, les ETF se réajustent, les market makers recalibrent leurs risques. En surface, tout semble figé. En profondeur, le capital se repositionne.

Pour l’investisseur, l’enjeu est simple. Profiter de cette accalmie pour revoir sa stratégie, renforcer ses convictions, et explorer des projets qui ne dépendent pas uniquement de la vulnérabilité quotidienne. Les préventes solides et les modèles hybrides entre jeu, minage et rendement comme PepeNode s’inscrivent exactement dans cette logique.

Leading banking institutions in traditional finance (TradFi) are reportedly partnering with US-based cryptocurrency exchange Coinbase (COIN) to explore pilots related to stablecoins, custody solutions, and trading options. 

Coinbase CEO Brian Armstrong announced this during his appearance at the New York Times Dealbook Summit on Wednesday, as reported by Bloomberg.

Coinbase CEO Cautions Banks On Crypto Resistance

Armstrong emphasized that leading financial institutions recognize this as an opportunity for growth. “The best banks are leaning into this as an opportunity,” he stated, although he refrained from naming any specific banks involved in these initiatives. 

During his speech, the executive also voiced his concerns about institutions that resist participating in the digital asset ecosystem. He asserted that those who oppose it will be left behind.

This sentiment aligns with remarks Armstrong made six months ago, where he predicted that eventually, every major bank would integrate cryptocurrency into their operations. 

He views this technology as a means to modernize the financial system, stating, “We can power a variety of things for them.” He noted that some banks are looking for custodial solutions, while others are interested in developing their own stablecoins.

COIN Shares Surge 5%

Adding weight to this discussion, Larry Fink, CEO of the world’s largest asset manager and crypto exchange-traded fund (ETF) issuer BlackRock, participated in the event alongside Armstrong. 

Fink, who previously voiced skepticism about cryptocurrencies, described Bitcoin (BTC) as a safe haven asset despite the cryptocurrency’s crash toward $83,000 on Monday. 

“You own Bitcoin because you’re frightened of your physical security. You own it because you’re frightened of your financial security,” he remarked. 

On the financial side, Coinbase’s stock performance reflects the positive sentiment in the cryptocurrency market amid recovering prices. Trading under the ticker COIN on the Nasdaq, Coinbase’s shares closed Wednesday at nearly $277, marking a 5% increase. 

This uplift coincides with broader gains in the cryptocurrency sector, notably led by the recent price performance of Ethereum (ETH), followed by Bitcoin, XRP, Binance Coin (BNB), and other notable tokens such as Solana (SOL), all of which have shown significant recoveries this week after a challenging month.

Featured image from Shutterstock, chart from TradingView.com

Bitcoin has reclaimed the $93,000 level after a sharp market-wide rebound, marking a notable shift in sentiment following weeks of bearish pressure and relentless selloffs. Analysts who previously warned of deeper downside are now turning cautiously bullish as fresh data begins to point toward a structural improvement in market conditions.

One of the clearest signals comes from a new report by Arab Chain on CryptoQuant, which shows that the Coinbase Premium Index has flipped back into positive territory at +0.03. This shift is significant: after a full month of U.S.-led selling in November, a positive premium often reflects renewed demand from US institutions, funds, and large traders, who primarily use Coinbase as their gateway for liquidity.

At the same time, Binance-based metrics—particularly spot volumes and perpetual futures activity—show that global liquidity is beginning to respond to the improving US bid. Historically, when Coinbase Premium rises alone, rallies tend to fade quickly. But when Binance liquidity strengthens in tandem, the market usually enters a consolidation phase that can set the stage for a sustained upward move.

Bitcoin Market Convergence Strengthens

Arab Chain notes that the price gap between Binance and Coinbase has narrowed significantly in recent days, a key sign that capital flows across major exchanges are beginning to rebalance. Throughout November, persistent selling from US investors created a disconnect between the two platforms, with Coinbase often pricing lower than Binance.

The recent convergence suggests that both markets are now receiving similar levels of demand, reducing fragmentation and improving overall market stability.

At the same time, Binance liquidity has begun to strengthen, with spot and perpetual markets showing a gradual rise in buying activity. This uptick supports the idea that Bitcoin may be forming a new price base following the sharp correction that pushed the asset into the low $80K range just days ago. Strengthening liquidity on Binance is particularly important because it reflects global participation—not just US-based flows.

The combination of a positive Coinbase Premium and recovering Binance liquidity creates a more constructive market environment. If these conditions persist—premium staying above zero and buy-side volumes increasing—the market could transition into the early stages of a new upward trend.

However, Arab Chain warns that if the premium turns negative again, traders should expect renewed volatility and short-term selling pressure to return.

BTC Reclaims $93K But Must Overcome Key Resistance Levels

Bitcoin’s 3-day chart shows a notable improvement after reclaiming the $93,000 level, but the broader structure remains in recovery mode rather than full reversal. The bounce from the $82,000–$85,000 demand zone marked a clear reaction from buyers, creating strong lower wicks that signal aggressive dip absorption. However, BTC now faces a critical test as it approaches the cluster of moving averages that served as breakdown points during November’s correction.

Price currently sits just below the 50 SMA, which is trending downward and acting as immediate resistance near $95,000–$97,000. The 100 SMA, positioned around the $103,000 region, represents the next major barrier. A decisive break above this zone would signal a potential shift in mid-term momentum. Meanwhile, the 200 SMA at $88,500 now acts as reclaimed support, and Bitcoin holding above it is an early sign of stabilization.

Volume during the rebound shows healthier buying activity compared to late-November declines, but it remains moderate—suggesting cautious participation rather than full conviction. For BTC to regain trend strength, it must print a strong close above the 50 SMA and attempt to retest the 100 SMA.

Failure to break above $95K–$97K could invite another pullback toward $88K, making this resistance cluster a crucial pivot for Bitcoin’s next major move.

Featured image from ChatGPT, chart from TradingView.com

A major Australian crypto industry group has lodged a formal complaint with the Australian Broadcasting Corporation, arguing that recent coverage of Bitcoin contained multiple errors and a biased tone.

According to the industry group, the broadcaster presented a one-sided view that overemphasized criminal usage and volatility while leaving out legitimate uses and data.

ABIB Calls For Corrections And Response Within 60 Days

Based on reports, the Australian Bitcoin Industry Body (ABIB) says it asked ABC to correct specific statements it considers false or misleading, and to publish clarifications. The complaint was made public on December 3, 2025, and ABIB posted about the filing on social media.

The complainants singled out passages that they say described Bitcoin largely as a tool for criminals and painted it as having little or no legitimate use. They pointed to sections that, in their view, ignored examples of Bitcoin being used for grid balancing and for humanitarian transfers.

The Australian Bitcoin Industry Body (ABIB) has lodged a formal complaint with the Australian Broadcasting Corporation (@abcnews) regarding its recent article on Bitcoin.

The piece contained multiple factual errors, misleading claims, and one-sided framing that breach the ABC’s…

— Australian Bitcoin Industry Body (@AusBTCIndBody) December 2, 2025

ABC Coverage Focused On Money-Laundering Concerns

Reports have disclosed that ABC ran pieces discussing the changing role of Bitcoin in illicit flows, including a recent story that examined whether Bitcoin is losing ground to stablecoins such as Tether when used in money-laundering. That report drew particular ire from ABIB.

Industry Group Says Numbers And Context Were Missing

ABIB has argued that some context and figures were omitted from ABC’s coverage. One outlet summarized ABIB’s broader claim that media depiction was skewed at a time when adoption figures — sometimes cited at about 31% nationally in related coverage — should also be part of the public debate.

What Happens Next And Possible Escalation

If ABC does not satisfy ABIB’s complaint within 60 days, the matter could be escalated to Australia’s communications regulator for review. That regulator can investigate whether editorial standards were breached and recommend corrective action or other remedies.

Pushback From Media And Regulators Will Matter

Some newsrooms say robust coverage of risks is their duty. Others in the crypto sector argue that balanced reporting should include both harms and legitimate uses. The dispute highlights tensions as regulators, media and industry all jockey to shape public understanding while new rules for crypto take form.

Headlines And Policy Talk

Reports show ABC has recently run several finance and crypto pieces, including coverage of price moves and policy debates. One ABC item referenced US President Donald Trump in its discussion of political moves that have touched crypto policy. That inclusion was noted in pushback from industry groups.

ABIB Wants Clear Corrections, Not Just Apologies

According to ABIB, the aim is not to silence scrutiny but to ensure facts are correct for readers and for policymakers. The group says accurate public reporting matters because it can shape future regulation and public trust. Multiple news outlets have covered ABIB’s action and quoted its request that ABC publish corrections where errors are found.

Featured image from Unsplash, chart from TradingView

On average, December is a positive month for the Dogecoin price, given that some of its wildest rallies have happened during the last month of the year. However, there are still instances where the Dogecoin price has seen major crashes in the month of December, and that could play out once again here. Using data from the CryptoRank website, this report takes a look at how the Dogecoin price has performed in the month of December in recent years, based on its performance in November.

Dogecoin Price Closes November In The Red

The crypto market has had a rough couple of months, and the Dogecoin price has not been left out of this. The last quarter of the year has so far been incredibly bearish, with the meme coin suffering major price crashes in the last two years. CryptoRank data shows that both the months of October and November have ended with double-digit losses, with -20% and -21.3% declines, respectively.

In recent years, the Dogecoin price ending the month of November in the red has led to similar bearish momentum in December. Looking at the last five years, spanning from the last bull cycle into the current one, the months where November has ended in the red have set the tone for the rest of the year.

This was the case back in 2021, when the Dogecoin price saw a -23.4% loss in November, and the following month of December saw a similar -20.7% decline. Then again, in 2022, the trend played out again when November finished in -14.6% in the red, and then December followed up with an even bigger -34.7% crash.

In 2025, the month of November ended with a -21.3% crash, and if this trend holds, then it means that the Dogecoin price could see a double-digit crash in December. Going by the similar previous performances, this could result in a 20% decline in the Dogecoin price.

With the back-to-back declines from the last two months, the Dogecoin price seems to be on track to end the last quarter of the year in the red. So far, the Q4 returns have come out negative at -37.4%, marking the first time in the last four years that the meme coin will be ending Q4 in the red.

Over the past few weeks, the price of Ethereum has been on a downward trend due to a highly volatile market environment. ETH’s bearish action appears to have hampered on-chain activities, as evidenced by a decline in its total transactions carried out within a monthly period.

A Quiet Month For The Ethereum Network

Ethereum’s on-chain activity appears to have slowed down alongside the ongoing decline of ETH’s price. The blockchain, which is typically bustling with contract calls, exchanges, and transfers, now feels a little more roomy, suggesting a cooling pulse beneath the surface.

After examining the Transactions on the Ethereum Network metric in the monthly time frame, Everstake.eth, a market analyst and the head of the ETH segment at Everstake, revealed that the blockchain has recorded its worst month of the year. While price has declined, ETH’s total transactions executed in a month, particularly November, experienced a cool-off.

According to the data, the overall number of transactions carried out on the Ethereum network in November alone was approximately 32.2 million. Although this figure may seem large, it actually marks the lowest monthly count in the past 12 months.

Such a drop in transactions may suggest the renewed waning appetite for the network. In addition to suggesting a retreat, this delay reads more like a collective pause as users catch their breath, procedures recalibrating, and the market adjusting to its new rhythm. 

Everstake.eth highlighted that this kind of cooldown usually occurs when the market moves into a wait-and-see phase. During this phase, capital is observed sitting on the sidelines while developers continue to build on the blockchain. Despite this trend, the network still records more than 33 million transactions in a quiet month, which reflects its robust strength.

At a time like this, the expert noted that user behavior typically follows the market sentiment. As seen in the past, on-chain activity tends to cool down when volatility drops. However, Ethereum still retains the status as the most reliable network even during slow phases.

With the Fusaka Upgrade set to hit the market, Everstake.eth predicts that ETH transactions will see explosive growth. “If this is the worst month, imagine what the best will look like after Fusaka rolls out. It will be huge,” the expert stated.

ETH Active Transactions Pick Up

The monthly transactions may have slowed down, but the active addresses on the Ethereum network are heating up again. Leon Waidmann, the head of research at On-Chain Foundation, reported that active addresses throughout the entire ecosystem, Layer 1 and Layer 2s, bounced back above 9.5 million this week.

This surge points to a quiet resurgence of interest, utility, or a group readiness for the future. Waidmann highlighted that this marks the first meaningful reversal after several weeks of downside action.

ETH layer 2s such as Base, Arbitrum, Optimism, and World Chain have witnessed a strong rebound following a period of decline. Furthermore, multi-chain activity is starting to stabilize after the drop in Q3. These factors are painting a bullish picture for the network and its price prospects.

Since launching in mid-November 2025, institutional demand for XRP ETFs has climbed beyond the inflows recorded for the crypto market’s two largest assets, Bitcoin and Ethereum. The latest numbers show how quickly capital allocation has shifted, placing XRP at a defining advantage in an increasingly competitive market.

XRP ETFs Inflow Profile Establishes Category Leadership

The first wave of US spot XRP ETFs launched on November 13, led by Canary Capital’s XRPC, which opened with $243.05 million in first-day inflows and has since maintained consistent positive flows, frequently exceeding $100 million in single-day inflows. Across the four active issuers—Canary Capital (XRPC), Bitwise (XRP), Grayscale (GXRP), and Franklin Templeton (XRPZ)—cumulative net inflows have now surpassed $756 million, according to SoSoValue data. 

Daily performance across the broader market has followed the same strong pattern. XRP ETFs saw $243.05 million in inflows on November 14, $118.15 million on November 20, and $164.04 million on November 24. By December 1, it secured another $89.65 million, reinforcing the steadiness of demand throughout the launch phase.

Together, these numbers place XRP ahead of every other non-stablecoin asset in ETF inflows over the same period. Independent reports also show that the category gathered $587 million within its first ten trading days, surpassing early benchmarks set by previous altcoin ETF rollouts—including those tied to Bitcoin and Ethereum.

Institutional Capital Flows Favor XRP Over Bitcoin And Ethereum

XRP ETFs’ inflow performance becomes even more pronounced when compared with contemporaneous Bitcoin and Ethereum ETF inflows. On December 1, Bitcoin ETFs recorded $8.48 million in net inflows—roughly one-tenth of XRP’s same-day figure. By contrast, Ethereum ETFs reported more than $79 million in net outflows, continuing a multi-week trend of capital rotation away from ETH-linked products.

This divergence underscores a clear reallocation dynamic in the US market. While Bitcoin and Ethereum remain the dominant assets by AUM, inflow velocity has shifted decisively. XRP’s ability to attract more cumulative net inflows than the leading two crypto assets—despite launching later and holding a smaller market capitalization—marks a material development in ETF-driven capital flows.

The launch sequencing provides additional clarity. Franklin Templeton’s XRPZ and Grayscale’s GXRP both delivered standout debuts, recording $62.6 million and $67.4 million in first-day inflows, respectively, marking the strongest ETF launches of 2025 to date. This surge contributed to a broader inflow cycle that added roughly $300 million across the XRP ETF ecosystem, propelling XRP into the top tier of crypto ETFs by net new capital, despite the underlying asset remaining below key price resistance levels.

Data from multiple independent trackers shows that XRP ETFs have recently recorded higher net inflows than Bitcoin and Ethereum ETFs. Across the tracked XRP ETF issuers, inflows have been consistently strong, indicating a notable shift in investor capital allocation among newly launched digital-asset ETFs.