Из жизни альткоинов

Три незаконные майнинговые фермы ликвидированы в поселке городского типа Промышленная, деревне Тебеньковка и селе Панфилово Кемеровской области, сообщили энергетики «Россети Сибирь» — «Кузбассэнерго — РЭС».

Инвестиционные компании Bitwise и Grayscale объявили о скором запуске в США своих спотовых биржевых фондов (ETF), привязанных к криптовалюте XRP.

Управление по финансированию бизнеса (BFA) штата Нью-Гемпшир одобрило выпуск облигаций в биткоинах на сумму $100 млн. Комиссии от сделок с облигациями будут направлены на финансирование прокриптовалютных инициатив.

The recent reopening of the government may signal the beginning of an unprecedented surge in cryptocurrency exchange-traded funds (ETFs) in the United States, as noted by Bitwise’s Chief Investment Officer, Matt Hougan. 

This anticipated growth aligns with the emergence of pro-crypto regulations from the Trump administration and crypto-friendly regulators, led by the US Securities and Exchange Commission (SEC), the agency responsible for approving these funds. 

Crypto ETFs In Flux

Bitwise’s Matt Hougan is optimistic about the potential for new investment products in the sector. “We’re going to witness an ETF Palooza in Cryptoland,” he remarked during an appearance on CNBC’s “ETF Edge.”

He predicts that more than 100 new ETFs and exchange-traded products (ETPs) will launch in the coming year, emphasizing a focus on single-asset crypto ETPs. Most exciting for him, however, is the expected growth of index-based crypto ETPs.

Despite the challenges seen over the past month, with the overall crypto market decline led by Bitcoin’s crash below $90,000 on Wednesday, Hougan believes that index ETPs could emerge as one of the biggest stories in the crypto space next year.

“This industry will be 10 times bigger than it is today,” asserted Hougan, whose firm recently launched the Solana Staking ETF on October 28, designed to track Solana’s (SOL) price. 

Although Bitwise’s Solana fund has seen a 27% decline since its launch, it experienced a 9% increase on Tuesday, suggesting some resilience amid the broader market turmoil. 

The broader Solana ETF sector has seen a continuous 16-day inflow streak amounting to nearly $26 million. Meanwhile, Bitcoin ETFs have seen almost $2 billion in outflows since October, according to SoSoValue data. 

Tom Lee Believes Trump’s Support Will Spark New Opportunities

Bitwise’s passive fund stakes nearly all of its SOL tokens on-chain, contributing to transaction validation and network security while earning ongoing rewards that are reinvested back into the portfolio.

According to Hougan, these types of products target a new demographic of crypto investors—individuals looking to acquire smaller portions of digital assets for their portfolios. 

“They don’t necessarily have an opinion on Ethereum versus Solana or Bitcoin versus another asset; they just want to buy a broad swath of the crypto market and hold it for the long term,” he explained.

Echoing this sentiment, Tom Lee from Fundstrat Global Advisors also foresees a favorable shift in the market. A long-time proponent of Bitcoin, Lee cites increased openness from the Trump administration as a catalyst. 

“Experimentation and innovation are being encouraged by this administration,” he noted during the same interview with CNBC.

At the time of writing, Bitcoin is trading at $88,926, down nearly 30% from its all-time high. Solana has also retraced to the $131 mark, representing a 55% gap from current trading levels and record highs. 

Featured image from DALL-E, chart from TradingView.com 

Владельцы криптовалюты в России все чаще сталкиваются с гибридными атаками, когда взломы кошельков сопровождаются похищениями и угрозами физической расправы, сообщили опрошенные изданием «Деловой Петербург» эксперты.

An Asian Ethereum DAT project that was on the way has been cancelled after the bearish price trajectory, as reported by Wu Blockchain.

Ethereum DAT Project By Leading Asian Whales Has Been Canned

Last month, Bloomberg reported that some influential investors in Asia were gearing up to launch an Ethereum trust. The group involved the likes of Li Lin, founder of Huobi cryptocurrency exchange, Shen Bo, co-founder of Fenbushi Capital, and Xiao Feng, chairman and CEO of HashKey Group.

At the time, the investors were in talks to acquire a NASDAQ-listed entity to facilitate the digital-asset treasury (DAT) structure, with the project already boasting a backing of $1 billion.

According to a report from Wu Blockchain, however, that project has now been cancelled. “The US$1 billion Ethereum DAT proposed by leading Asian crypto investors has been shelved, and the committed capital has been returned,” wrote Wu Blockchain.

Of the $1 billion backing, $200 million came from investment firm Avenir Capital alone, of which Huobi’s Li is a chairman. Another $500 million was provided by Asian institutional investors like HongShan Capital Group.

Popularized by Michael Saylor’s Strategy (formerly MicroStrategy), a DAT company is a public entity that makes a digital-asset reserve its main business. Earlier, firms mostly focused on using Bitcoin in this type of strategy, but 2025 has seen a push into altcoins like Ethereum and Solana.

BitMine, which is currently the largest ETH DAT and second-largest overall after Strategy, adopted its ETH reserve strategy in June of this year. According to a Monday press release, the company holds 3,559,879 tokens, bought for a total of $11.1 billion.

Unlike BitMine, the Asia-led DAT project appears to have been halted before it could launch. “Sources said the plan was halted mainly due to the market downturn following the sharp October 11 sell-off,” revealed Wu Blockchain.

Ethereum has been in freefall alongside the wider cryptocurrency sector since this crash, with its price being down over 38% compared to its October high. As a result, BitMine’s holdings have gone underwater. At the current exchange rate, its holdings are valued at $10.3 billion, roughly 7% below cost basis.

The ETH network as a whole has its average cost basis (“Realized Price“) located at $2,316, as CryptoQuant community analyst Maartunn has pointed out in an X post.

Given this, the average investor is still in a profit of about 24%. Earlier, when Ethereum was trading around its high, profitability reached an extreme level. So compared to that, there has been a bit of a cooldown. “Momentum is cooling off as the market takes a breather,” noted Maartunn.

ETH Price

Ethereum has suffered another 5% drop in the past day that has sent its price to $2,880.

Создатель Эфириума Виталик Бутерин выступил на конференции Devconnect в Буэнос-Айресе и предупредил, что квантовые компьютеры могут взломать криптографическую защиту Биткоина и других блокчейнов уже к 2028 году.

Ситуация на рынке вызывает опасения, а инвесторы и трейдеры биткоина «ловят падающие ножи», пытаясь предугадать дальнейшее движение котировок актива, заявили аналитики компании K33 Research.

В криптоиндустрии наблюдается высокий интерес к ETF, а наибольшую популярность получила спотовая разновидность биржевых фондов. Однако есть и другие ETF, которые не уступают последним, а в каких-то вопросах даже их превосходят. Одни из них — индексные биржевые фонды.

The recent crypto crackdown from the Democratic party, spearheaded by crypto-skeptic Senator Elizabeth Warren, may cast a shadow over the future of the decentralized exchange (DEX) Hyperliquid (HYPE). 

This heightened scrutiny stems from concerns surrounding the crypto ventures associated with President Donald Trump’s family, specifically focusing on World Liberty Financial (WLFI).

National Security Concerns Over WLFI’s Sales

In a letter dated Tuesday, US Senators Warren and Jack Reed, who serve on the Senate Committee on Banking, Housing, and Urban Affairs, expressed apprehensions that WLFI might pose national security risks. 

The letter, which was exclusively obtained by CNBC and addressed to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent, outlined the senators’ belief that World Liberty Financial lacks sufficient safeguards to prevent malicious actors from manipulating funds or exerting influence over its governance.

The senators referenced a report by the nonprofit watchdog Accountable.US, which indicated that WLFI had sold its WLFI tokens to “various highly suspicious entities.” 

On-chain sleuth ZachXBT brought attention to the fact that WLFI raised an impressive $550 million during its token sale, but the senators accused it of having raised around $10,000 from illicit sources. 

ZachXBT noted that this figure represents merely 0.0018% of the total World Liberty Financial token sale, highlighting the disproportionate nature of the allegations.

The investigator expressed concern over the potential misuse of “weak illicit funds” arguments by US regulators against the crypto industry. He suggested that if the actions against WLFI prove successful, Hyperliquid could become a target next. 

While ZachXBT did not provide specific reasons for why Hyperliquid might be affected, speculation surrounds WLFI’s native token trading on the Hyperliquid platform. 

Moreover, Hyperliquid recently incurred a loss of $4.9 million due to the external manipulation of the POPCAT token, where attackers artificially inflated the token’s price using $3 million in Circle’s USDC stablecoin, which could also catch the Senator’s attention if any action against the exchange materializes. 

Hyperliquid Unveils ‘Growth Mode

Despite the challenges, Hyperliquid introduced a new feature under its HIP-3 upgrade framework, aimed at significantly reducing trading fees for newly launched markets. 

Dubbed “growth mode,” this upgrade reduces all-in taker fees by more than 90%, a move designed to accelerate liquidity formation and incentivize market makers engaging in nascent perpetual contracts.

Since its launch, Hyperliquid’s native token, HYPE, has experienced notable growth, skyrocketing by 1,000%. This surge has elevated Hyperliquid to rank as the 18th largest cryptocurrency in the world, boasting a market capitalization of $10 billion.

However, when writing, HYPE trades at $37.31, recording losses of over 9% in the past fourteen days. After reaching a record high of $59.30 earlier this year, the token has retraced by almost 37%, in line with the broader crypto market’s correction. 

Featured image from DALL-E, chart from TradingView.com 

On-chain data shows XRP retail investors are up 60% even after the market downturn. Here’s how the figure compares for Bitcoin and Ethereum.

XRP Retail Realized Price Puts Profit Margin Around 60%

In a new post on X, on-chain analytics firm Glassnode has discussed how retail profitability compares between the top assets in the sector: Bitcoin, Ethereum, and XRP. Retail investors refer to the smallest of entities in the market, who don’t hold a significant balance on an individual level (typically less than $1,000). To calculate the profit-loss balance of this cohort, Glassnode has made use of the Realized Price indicator.

The Realized Price measures the average cost basis or acquisition level of a given segment of the network. When the asset’s spot price trades above this level, it means the group is in a state of net unrealized gain. On the other hand, it being under the metric implies the dominance of loss among the cohort members.

First, here is a chart that shows the trend in the Realized Price for the retail investors on the XRP network:

As displayed in the above graph, XRP has witnessed bearish price action recently, but its price still has a notable gap over the Realized Price of the retail entities. More specifically, this group is in an average profit of 60% right now. Ethereum retail holders are also in the green, but their profitability isn’t quite as good, sitting at 40%.

 

Both XRP and Ethereum, however, pale in comparison to Bitcoin. Even after the price crash, BTC retail addresses are still in an average profit of more than 100%.

Now, what are retail investors doing with their profits? On-chain analytics firm Santiment has shed light on the matter in an X post. As the chart below for the holdings of this cohort shows, selling has occurred on all three networks recently.

Bitcoin retail was accumulating until the latest price plunge, but this bearish wave has spooked them into selling 0.36% of their supply over the last five days, which is the highest rate of distribution in two months. Ethereum retail has been exiting for a while now, and the trend has only continued during the past month as the cohort’s holdings have gone down by 0.90%. XRP’s small hands have shown a more mixed behavior, first participating in a sharp selloff, and then following on with slight accumulation. Overall, the group’s supply is down 1.38% since the start of November.

“Prices move the opposite direction of small wallets’ behavior,” noted Santiment. “So we’re keeping an eye on retail traders continuing to panic sell as a positive sign for crypto’s recovery.”

XRP Price

XRP has fallen alongside the rest of the market as its price has returned to $2.13.

Mastercard is taking a major step toward simplifying how everyday users interact with digital assets by leveraging the Ethereum and Polygon network.

Related Reading: Hoskinson Vs. Cardano Foundation: From Berlin Parties To ‘Useful Idiots’

Through a new collaboration with Polygon Labs and payments infrastructure firm Mercuryo, the global payments giant is rolling out email-style wallet aliases designed to make crypto transfers feel as intuitive as sending a message online.

The upgrade expands Mastercard’s Crypto Credential program to self-custody wallets, replacing long, technical wallet addresses with human-readable IDs. For millions of users intimidated by complex hexadecimal strings, this shift could mark a turning point in mainstream crypto adoption.

A New Identity Layer for Self-Custody Wallets

Under the new system, users can link wallets such as MetaMask to a verified alias issued through Mercuryo. After completing standard KYC checks, the user receives a simple username, similar to an email handle, that directs crypto to their self-custody wallet.

Polygon powers the underlying infrastructure, offering low-cost transactions and rapid settlement. Wallets can also mint a non-transferable “soulbound” credential on Polygon, publicly confirming that they belong to a verified user.

Mastercard states that this structure supports regulatory compliance, including Travel Rule requirements, without requiring users to relinquish control of their private keys.

Early access focuses on receiving funds through aliases, with outbound sending expected later. Mastercard notes that this framework is designed as a portable verification layer that can be moved across apps, wallets, and blockchains within the broader Crypto Credential network.

Why Mastercard Picked Polygon for the Rollout

Polygon’s selection as the first supported network reflects its growing reputation as a consumer-grade blockchain built for global-scale payments. Its upgrades, including the Rio and Heimdall v2 updates, have boosted throughput, improved finality, and reduced the risk of chain reorganizations.

With billions of dollars in stablecoin activity flowing through Polygon every month, analysts say the network offers the reliability and low operating costs that large institutions demand.

Polygon Labs CEO Marc Boiron called the initiative “the moment when self-custody becomes simple,” noting that alias-based transfers make blockchain interactions resemble familiar fintech experiences rather than technical workflows.

Shaping the Future of Identity-Driven Web3 Payments

For Mastercard, this rollout aligns with its broader strategy to bridge traditional finance and decentralized networks. The company has been expanding crypto services across 2024 and 2025, from debit card programs to on-chain settlement pilots.

By embedding identity, verification, and user-friendly interfaces into self-custody systems, Mastercard and Polygon are helping shape the next generation of digital payments.

Related Reading: What Happens To The Ethereum Price If It Replicates Bitcoin Supercycle?

If adopted widely, alias-based transfers could redefine how users engage with Web3, lowering barriers and accelerating mainstream participation in blockchain-based finance.

Cover image from ChatGPT, ETHUSD chart from Tradingview

XRP is under heavy selling pressure as fear spreads across the crypto market, pushing sentiment into one of its most fragile stages of the cycle. What was once a euphoric rally earlier this year has steadily shifted into denial among long-term holders — and now anxiety is beginning to dominate. With XRP flirting dangerously with a drop below the $2 mark, investors are watching closely, aware that this level carries major psychological and structural weight.

For now, XRP has managed to hold above $2, but the defense of this threshold is becoming increasingly difficult as liquidity thins and macro uncertainty intensifies. A break below this zone could trigger a deeper reset, while a successful rebound would reinforce it as a key long-term demand area.

This shift in sentiment is also reflected in on-chain metrics: long-term holders, previously sitting comfortably in profit, are now watching their unrealized gains compress. Historically, transitions from euphoria to denial and into anxiety have often preceded major market inflection points, making the current moment especially significant.

XRP NUPL Signals Growing Market Anxiety

Analyst Ali Martinez shared new data showing that XRP’s Long-Term Holder Net Unrealized Profit/Loss (NUPL) has now dropped below 0.5 — a level that historically marks a transition from confidence to growing anxiety among holders.

NUPL measures the difference between the total unrealized profit and loss in the network, helping identify where investors stand emotionally within the market cycle. When NUPL is above 0.5, it typically reflects optimism or belief, often associated with rising prices and strong conviction. But when it falls below 0.5, sentiment weakens, indicating that investors are no longer comfortably in profit.

XRP dipping below this threshold means a significant portion of the market is losing confidence as unrealized gains shrink. Investors who were previously sitting on sizable profits are now seeing those margins erode, pushing them into a more defensive psychological state. Historically, this signals that the market is shifting toward anxiety — a stage where many holders begin doubting whether upside momentum will return.

This decline in NUPL aligns with XRP’s current price behavior near the $2 support level, emphasizing how fragile the market has become. While anxiety can fuel panic selling, it has also marked the beginning of long-term accumulation phases in past cycles. The next move for XRP may depend on whether fear intensifies — or whether strong hands step in to absorb supply.

Testing Critical Support as Selling Pressure Deepens

XRP continues to trade under heavy selling pressure, with the chart showing a clear series of lower highs and persistent failures to reclaim key moving averages. The price is now hovering near $2.14, testing a crucial support zone that has repeatedly acted as a psychological and structural level for buyers throughout the year. Each attempt to break above the 50-day and 200-day moving averages has been met with rejection, signaling that momentum remains firmly on the side of the sellers.

Volume has gradually increased during recent downswings, suggesting that the sell-offs are driven more by capitulation than simple profit-taking. The sharp decline toward $1.20 in October still stands out as a sign of extreme volatility and liquidity stress, and although XRP quickly recovered from that anomaly, it highlighted how fragile the market structure had become. Since then, price has failed to establish a sustained uptrend, instead forming a tighter and more compressed consolidation beneath the major moving averages.

If the $2 support level breaks decisively, XRP could revisit deeper liquidity pockets around $1.75–$1.90, where buyers previously stepped in during September. However, holding above $2 would keep the possibility of a recovery alive, especially if market sentiment stabilizes.

Featured image from ChatGPT, chart from TradingView.com

Solana (SOL) is under intense market pressure after a massive $201 million token transfer on November 17 sparked concerns about further losses.

While institutional interest in Solana-based ETFs remains strong, technical indicators point to a fragile market structure that could send SOL toward the $125–$120 region if buyers fail to regain momentum.

$201M Dump Raises Alarms as Solana Extends Downtrend

Forward Industries, Solana’s largest corporate holder, moved 1.44 million SOL, worth roughly $201.34 million, to Coinbase Prime earlier this week, according to Onchain Lens. The transfer triggered speculation of an impending major sell-off, especially as Solana has already declined nearly 50% over the past two months.

Although it remains unclear whether the tokens were sold or repositioned, the market reaction was swift. SOL briefly dipped to $128 before recovering to the $137 range. Trading volume, however, has declined by 38% to $5.65 billion, indicating elevated trader anxiety and aggressive repositioning.

Technically, SOL remains in a confirmed downtrend after losing the critical $155 support level. Indicators such as the Chaikin Money Flow (CMF) at -0.18 and a bearish Supertrend signal show persistent selling pressure.

If the price remains below the current consolidation zone, analysts warn of a potential 16% drop, placing $120 firmly in sight.

Institutional Inflows Persist Despite Price Weakness

The irony in Solana’s current situation is striking. Despite a weekly drop of 11%, institutional confidence is slowly picking up pace. Solana ETFs have rapidly expanded across major U.S. exchanges, with Fidelity, Canary, VanEck, 21Shares, and Bitwise all launching new SOL products in recent days.

Fidelity’s $FSOL recorded $2.07 million in day-one inflows, while total net inflows across all U.S. Solana ETFs have soared to $420.4 million. Meanwhile, November 18 marked the 15th consecutive day of positive ETF inflows, totaling $26.2 million, led by Bitwise’s BSOL.

This reflects a deeper narrative: institutional investors see Solana’s long-term fundamentals, speed, developer activity, and staking yields as compelling despite short-term volatility.

Key Levels: Can SOL Hold Above $130?

Analysts now highlight $125 and $120 as the most critical support zones. A failure to defend $130 could accelerate losses toward $120, with a deeper floor at $115. Conversely, a reclaim of $145, and ideally $160, would signal the first meaningful reversal in weeks.

For now, Solana sits at a crossroads. Heavy selling pressure on one side, surging institutional conviction on the other. The next few days may determine whether SOL stabilizes or slides deeper into bearish territory.

Cover image from ChatGPT, SOLUSD chart from Tradingview

Dogecoin is now moving closer than ever to joining the roster of cryptocurrencies with their own US-listed exchange-traded funds, and the timeline for the first launch is becoming clearer. 

After a series of regulatory filings and updates from major fund issuers, analysts now believe that the debut of the first Spot Dogecoin ETF is just days away. All signs now point to a launch window that could open as early as Monday, bringing the long-anticipated product to market far sooner than many expected.

Grayscale Positions Its Dogecoin ETF For A Close Launch

The clearest signal came after Grayscale updated its Dogecoin ETF filing, which started a 20-day countdown under the SEC’s new fast-track listing rules. These rules allow certain crypto ETFs to go live without the lengthy and restrictive approval process that previous products faced. 

Unless the SEC steps in with an objection, the end of this 20-day window will become the launch date of the proposed ETF. Based on the timing of Grayscale’s amendment, the first Spot Dogecoin ETF could debut as early as Monday, November 24.

Eric Balchunas, senior ETF analyst at Bloomberg, provided the clearest timeline so far. He stated: “Based on 20 20-day clock, I believe Grayscale will be out with the first Doge ETF in a week, 11/24.”

His comment follows the expectation that the first Dogecoin ETF could go live before the end of November. Balchunas also shared the S-1 document image to show the structure of the filing that initiated the countdown.

Solana ETF Approval Shows The New SEC Pathway Is Working

The optimism surrounding Dogecoin’s ETF launch grows stronger when looking at what happened with Solana. VanEck successfully launched its Solana ETF this week with staking rewards and temporarily waived fees to attract early inflows. Fidelity also stepped into the arena with its own Solana ETF, FSOL, which recorded $2.07 million in inflows on its first trading day. 

That product went live under the same SEC listing framework now guiding Dogecoin’s filing. Its smooth debut confirmed that the new process is functioning as intended, with issuers able to bring crypto ETFs to market far more quickly than in earlier cycles. This sets a meaningful precedent because Dogecoin is next in line to benefit from that same pathway.

Although Grayscale is expected to launch first, it may not remain the only DOGE ETF for long. Bitwise submitted an amendment to its own DOGE fund earlier in November, which activated a similar 20-day timeline. If the schedule holds, Bitwise’s Spot Dogecoin ETF could list the following week.

At the time of writing, Dogecoin is trading at $0.1586, up by 2% in the past 24 hours.

Japan has officially elevated Shiba Inu (SHIB) into its highest-tier crypto compliance category, placing it alongside Bitcoin and Ethereum. This milestone reflects a clear shift in how Japanese regulators view SHIB, recognizing it as more than a speculative token and validating its advancement into a government-approved digital asset. The designation is expected to reshape market perception, facilitate faster exchange listings, and enhance Shiba Inu’s readiness for participation at an institutional level within one of the world’s most tightly regulated financial markets.

Shiba Inu’s Green-List Recognition Alongside Bitcoin And Ethereum

The Japan Virtual and Crypto Assets Exchange Association (JVCEA), operating under the Financial Services Agency, has added SHIB to its Green List. This whitelist is reserved for assets demonstrating strong liquidity, broad exchange presence, and consistent operational performance. Being included on the Green List signals regulatory confidence and allows domestic exchanges to list Shiba Inu without undergoing lengthy, asset-specific vetting procedures. For ecosystem operators and liquidity providers, this reduces barriers to entry, improves the efficiency of capital allocation, and expands Shiba Inu’s reach across Japan’s compliant digital-asset infrastructure.

The Green List also carries significant symbolic weight. Only a handful of digital assets—including Bitcoin and Ethereum—have historically received this designation, according to the JVCEA’s November 12, 2025, update. Being recognized alongside these benchmark cryptocurrencies positions SHIB as a more credible and professionally managed asset, helping it shed some of the skepticism associated with meme-based tokens.

Japan is also reviewing its cryptocurrency taxation framework. Current policy discussions propose reducing the tax rate on approved, Green-Listed assets from the highest income brackets to roughly 20%. If implemented, this reform could materially enhance Shiba Inu’s appeal to both retail and institutional investors, creating a strong incentive for participation in a lower-tax, regulated environment. Analysts suggest that aligning regulatory recognition with favorable tax treatment could lead to a significant rise in compliant inflows once the reform is enacted, further supporting liquidity and adoption.

Impact On Market Positioning And Future Capital Flows

This recognition comes at a critical time for Shiba Inu, which has been upgrading its infrastructure and reorganizing its ecosystem to move beyond a meme-asset reputation. Japan’s formal approval confirms SHIB’s improved risk profile and signals to global markets that it has reached a more regulated, professionally governed stage of adoption. 

Licensed exchanges in Japan can now deploy new Shiba Inu markets, structured products, and liquidity channels with shorter compliance timelines. Increased accessibility encourages higher transactional activity, strengthens liquidity, and improves SHIB’s suitability for institutional participation. The Green-List status also positions SHIB for future inclusion in regulated investment vehicles, such as exchange-traded notes and custodial products, pending further approvals.

By joining Bitcoin and Ethereum in Japan’s top compliance tier, Shiba Inu secures a significant step forward in global credibility, institutional acceptance, and its potential to attract future capital flows.

Bitcoin mining firm Bitfury announced plans to step beyond mining with a major new investment push.

According to reports, the company will launch a $1 billion technology fund after 14 years focused mainly on emerging tech such as artificial intelligence, quantum computing and decentralized identity systems.

The move signals a change of direction for the firm founded in 2011, which built its reputation on hardware and data center operations.

The $1B Fund Will Be Deployed Over Several Years

According to a press release, Bitfury intends to put roughly $200 million to work in the first year, with the remainder to follow over the next several years.

The firm says some capital could be deployed as early as Q4 2025. Company leaders told reporters that the money will come from a mix of returns from mining operations, past investment gains and outside backers.

Val Vavilov, the chief executive, has been named in reports as a key proponent of the shift.

The Fund Will Target AI, Quantum And Identity Tech

Bitfury has already invested in related infrastructure. Based on reports, the group helped build companies that handle data center cooling and AI hardware — assets that could support startups that need heavy compute.

Investors and founders in those sectors were quoted as saying Bitfury’s experience in physical infrastructure gives it a practical edge when backing capital-hungry projects.

Still, success is not guaranteed. Finding the right startups will be hard work, and competition from established venture firms is strong.

Why The Company Is Changing Focus

According to the company’s public comments, leaders see a link between secure, transparent systems and next-generation AI tools.

They argue that building technology that protects user identity and privacy will be important as AI systems grow more powerful.

The fund will emphasize what Bitfury calls “ethical emerging technologies,” a phrase the company uses to describe projects that combine technical innovation with safeguards for users.

Existing Strengths And Risks

Bitfury’s past moves show it can build hardware and run big operations. Reports note its ties to outfits working on immersion cooling and AI chips, which could make the company a useful backer for founders who need both money and infrastructure.

But running a large investment program is different from running mines. Picking winners in AI and quantum computing is competitive. Market swings, fast technology change, and unclear rules around crypto and identity systems add to the challenge.

Governance, Timing And What Comes Next

Based on reports, the fund’s governance model and detailed investment rules have not been fully public. Observers say those details will matter to prospective startups and co-investors.

Bitfury plans to move cautiously at first while still making a sizable first-year commitment. Some investors welcomed the news, while other analysts urged caution.

For now, Bitfury’s plan is clear in scale and ambition: $1 billion, early deployment in Q4 2025, and a first-year push of $200 million. How well the firm adapts from miner to investor will be watched closely by the tech and crypto communities.

Featured image from Shutterstock, chart from TradingView

XRP investors are facing their most challenging moment of the year as new on-chain data reveals a sharp decline in profitable supply. The current market appears incredibly fragile, despite the token trading significantly higher than its price from the previous year. The latest statistics indicate growing pressure among investors and a weakening market structure, which have contributed to the significant profit loss this year. 

XRP Investors See Worst Profit Loss Since 2024 

Fresh on-chain data from Glassnode, shared on X social media, shows that the portion of the XRP supply in profit has decreased to 58.5%. This is the lowest level ever recorded since November 2024, when the cryptocurrency was trading near $0.53. What’s alarming about this low stat is that the decline in investors’ profit is happening despite the altcoin currently trading more than 4X its price in 2024. 

At the time of writing, the cryptocurrency is trading at $2.15, but despite this higher price advantage, 41.25% of the circulating supply, roughly 26.5 billion XRP, remains underwater. Glassnode has revealed that this substantial decline indicates that the market is heavily saturated by late buyers who accumulated tokens near cycle highs and are now anchoring the supply with unrealized losses. 

Notably, this setup has resulted in a heavy and unstable market structure. Many holders are either unable or unwilling to sell without locking in losses, which leaves them trapped and limits liquidity. This imbalance creates a fragile environment in which even moderate selling could intensify downward pressure during periods of stress. The chart accompanying Glassnode’s report illustrates how quickly the share of profitable supply declines and how investors’ sentiment flipped once XRP failed to maintain its earlier momentum and strength. 

Supply Shock Narrative Intensifies As Exchange Balances Shrink

A separate analysis by crypto analyst @RemiReliefX focuses on the rapid drawdown of the token available on exchanges. According to his report, exchange wallets held around 5 billion XRP last week. However, that number has since fallen to about 2.8 billion after the release of a single XRP ETF. 

The abrupt decline in exchange balances has prompted speculation about how quickly liquidity could dry up if FOMO from both institutional and retail participants begins. The analyst emphasized that he had previously warned of a supply shock, citing Ripple CEO Brad Garlinghouse, who also hinted that low supply could escalate price pressure. 

@RemiReliefX has made a bold prediction, forecasting that XRP could reach $1,000 by the end of the year. Such a move would amount to a 46,600% increase from its current price of about $2.15 in less than two months. The analyst also went further, projecting that the market could see the altcoin explode to $1,700 during this bull cycle.

Bitcoin’s price is under heightened bearish pressure as it falls back to the $90,000 level, raising the potential of the beginning of a bear market phase. With the price of BTC dropping fast, selling pressure is rising rapidly in the market, which is extending into the institutional landscape.

Are Bitcoin Institutional Investors Exiting?

In a significant development, several large corporations are starting to react strongly to the ongoing correction in Bitcoin’s price. As market volatility increases, institutional investors, who were once seen to be the stabilizing force driving Bitcoin’s maturation, are now starting to unwind some of their holdings.

Related Reading: Massive Bitcoin Outflow Hits Galaxy Digital Wallets: 1,531 BTC Moved

One of the most recent corporations that has recently gone on a selling spree is Digital Galaxy. Galaxy Digital has secretly started to sell off some of its Bitcoin holdings, signifying a significant change in conduct from one of the most powerful institutional stakeholders in the sector. The firm’s decision to begin selling BTC after months of consistent accumulation and long-term strategy is causing controversy in the cryptocurrency space.

According to Darkfost, the firm, championed by billionaire and investor Mike Novogratz, has been quite active over the past few weeks, selling off thousands of its BTC stash at a rapid rate. During this period, Galaxy Digital transferred more than 2,800 BTC for the purpose of selling. 

Data shared by the expert revealed that 1,474 BTC valued at $135 million were moved to America’s leading cryptocurrency exchange, Coinbase Prime, within a few hours. Darkfost stated that this selling pressure is likely to extend the ongoing downward trend of Bitcoin’s price. 

Sales are still mostly under control, but they show signs of strategic repositioning in the face of increasing volatility and changing macro signals. Meanwhile, should the trend become highly popular among institutional investors, it could impact the course of BTC in the upcoming weeks and months.

BTC’s Current Downtrend Driven Largely By Long-Term Holders

Since the sharp pullback in Bitcoin’s price, many developments have been linked to the decline. However, the one that stands out the most is the negative action of long-term BTC holders or old Bitcoiners in the market.

Related Reading: Bitcoin Buyers Step In: Largest Accumulation Wave Emerges In the Heart of Market Fear

As reported by Ki Young Ju, the founder and Chief Executive Officer (CEO) of CryptoQuant, the current dip is a result of long-term BTC holders rotating among themselves. Old Bitcoiners are selling their coins to TradFi players, who will likewise hold for the long run.

At the beginning of the year, Young Ju predicted that BTC had reached a top, putting an end to the bull cycle. The increased selling pressure from OG whales supported his forecast. Meanwhile, current trends show that the market structure has shifted, with ETFs, MSTR, and other new channels persistently adding fresh liquidity.

Despite waning price performances basically caused by OG whales dragging the market, on-chain inflows remain strong. These days, corporate treasuries, multi-asset funds, pension funds, and sovereign funds are creating even larger liquidity channels. Young Ju claims that as long as these liquidity channels stay active, the cycle theory is dead.

As retail sentiment reaches its lowest level in months, institutional players have continued to show interest in the crypto industry, regardless of the market’s performance, signaling long-term confidence in the sector with their expansion to multiple blockchains, such as the BNB Chain and Ethereum.

Institutions Show Confidence As Crypto Market Struggles

On Wednesday, the BNB Chain unveiled a new milestone for its Real-World Asset (RWA) ecosystem, which has been driven by the ongoing institutional demand despite the market’s ongoing correction.

The crypto market has reportedly wiped out over $1.1 trillion in market capitalization over the past month and a half, driven by a series of massive liquidations and strong selling pressure since early October, which has shrunk retail investors’ sentiment to multi-month lows.

As reported by Bitcoinist, sentiment across the market has fallen to its lowest levels since March, recently reaching the Extreme Fear zone in the Fear & Greed Index. The index measures the predominant sentiment in the crypto market, ranging from 0 to 100.

Amid the broader correction, market sentiment had been moving between the Neutral and Fear zones. However, last week’s performance, which sent Bitcoin (BTC) below the key psychological $100,000 barrier, caused the score to plunge below the 20-point level, and it has been hovering within the Extreme Fear zone for the past five days, currently sitting at 16.

Despite retail sentiment, institutional investors have continued to bet on the industry’s long-term potential with the launch of multiple Digital Asset Treasury (DAT) strategies, altcoin-based Exchange-Traded Funds (ETFs), and the expansion of tokenized Real-World Assets across chains

According to the Wednesday announcement, the BNB Chain now leads global adoption of Circle’s interest-bearing stablecoin US Yield Coin (USYC) after launching on the network in July.

The asset, which recently surpassed $1 billion in total supply, now has over $900 million of its supply on the BNB Chain, adding to the network’s momentum in one of the fastest-growing sectors in the industry.

BNB Chain’s RWA Momentum

Notably, institutions have repeatedly chosen some of the leading networks, including BNB Chain and Ethereum, for tokenized assets and permissioned financial products. According to RWA.xyz data, the total RWA value on-chain currently sits at around $35.67 billion, a 3.53% increase over the past 30 days.

The BNB Chain, which has had a remarkable performance across its ecosystem this year, recently passed the $1 billion mark in on-chain value and has expanded its RWA ecosystem with multiple key partnerships and integrations from major institutional players.

Last week, the network welcomed BlackRock’s BUIDL Fund, the world’s largest tokenized real-world asset (RWA) fund with $2.5 billion in invested capital, on the BNB Chain, by launching a new share class on the network.

The expansion reportedly aims to broaden investor access and interoperability with other on-chain financial applications while offering qualified investors exposure to tokenized US dollar yields on a “high-performance, low-cost network.”

Similarly, Ondo Finance recently integrated with the BNB Chain to bring tokenized US stocks and ETFs to the blockchain at scale with its tokenized securities platform, Ondo Global Markets.

As reported by Bitcoinist, Ondo Global Markets has offered a selection of more than 100 tokenized US stocks and ETFs since its launch in September, surpassing $350 million in total value locked (TVL) and driving over $669 million in total on-chain volume.

Meanwhile, CMB International, Franklin Templeton, and VanEck have also expanded to the BNB Chain, bringing key money market funds and platforms, and offering tokenized US Treasury exposure on the network.