Из жизни альткоинов

Аналитики компании Santiment сообщили, что в то время как розничные инвесторы продолжают закупки биткоинов, «криптокиты» начинают продавать свои запасы, и это тревожный знак для всего крипторынка.

Согласно исследованию, проведенному Ассоциацией альтернативных инвестиций (AIMA) совместно с компанией PwC, 55% традиционных хедж-фондов в 2025 году имеют доступ к цифровым активам, тогда как в отчете от 2024 года сообщалось о 47%.

My First Bitcoin (MFB) has announced it is rebranding to start a new chapter in its independent BTC education initiative. The organization shared significant changes to its mission’s approach as part of its strategy for global transition.

From El Salvador To The World

Non-profit organization My First Bitcoin has announced its official transition from offering local BTC education and support to providing tools and resources to educators worldwide.

MFB, also known as Mi Primer Bitcoin, was founded in El Salvador in 2021 and focuses on independent BTC education with various programs. In early 2022, the organization launched its BTC Diploma program to facilitate education on multiple Bitcoin-related topics, including fiat money, BTC’s history, and the challenges of the flagship crypto’s different facets.

The program has reportedly reached over 27,000 students over the past few years, most of whom are located in El Salvador. Meanwhile, the 2023 workbook has been translated into 23 languages and independently taught from South America to Asia.

Now, MFB revealed that it seeks to continue its project with a global approach. The organization shared that it is retiring its local name, Mi Primer Bitcoin, and officially rebranding to the English version.

Additionally, the team has reportedly been restructured with new roles and directors added. As part of the shift, the organization will also close its physical office in El Salvador and move to a fully remote, globally distributed structure.

“Our ambition was always to change the world, but we had to start with a single student, then a single city, then a single nation and now we are ready to raise the potential impact from 6 million people to 8 billion,” MFB’s founder, John Dennehy, stated.

My First Bitcoin’s New Focus

Despite the shift, MFB affirmed that it will stay grounded in its mission. Dennehy noted the significant scale jump of the organization’s mission, adding that they will be “focusing on empowering educators and projects everywhere, rather than trying to do it ourselves.”

The new focus seeks to teach the teachers, “creating the tools, systems, and guidance for everyone that wants to start their own Bitcoin education initiatives: circular economies, meetups and community builders.”

According to the announcement, the team will transition into a “more facilitating role,” doubling down on “building and improving new and existing curricula for all audiences.”

MFB shared that it is stepping back from its weekly and monthly meetups in El Salvador, which will now be owned and run by a collective of local projects. Moreover, the organization unveiled that its Public School Program in El Salvador had ended.

In 2023, the non-profit started collaborating with El Salvador’s Ministry of Education to promote adoption and financial empowerment locally, aiming to introduce the BTC diploma curriculum to the country’s public educational system in 2024.

Lastly, the organization will make the expansion of its Independent Bitcoin Educators Node Network a focal point of the new approach. The Node Network was launched in 2023, aiming to provide a space for people to join MFB’s mission. The self-governing network spans over 70 projects from 38 countries.

“We want to help others get started and be successful in their own communities, then link everyone together to create a global movement,” MFB’s founder concluded.

On-chain data shows a humongous amount of old Bitcoin saw revival in 2025. Here’s how the year stacks up against previous ones.

5+ Year Old Bitcoin Revived Supply Broke $52 Billion This Year

As explained by on-chain analyst Checkmate in a new post on X, 2025 has seen a large amount of old tokens come back to life. Coins are considered to be “old” when they are dormant (that is, not involved in any transaction on the blockchain) for at least 5 years.

There are different bands these old tokens can be further divided into. The youngest band is the 5 to 7 years range, containing buyers from the last two BTC cycles who are resolute enough to still not have sold their coins.

The middle band corresponds to an age of 7 to 10 years old. At this range, there is a real chance that coins entering the cohort are doing so by becoming lost, rather than through “HODLing.” Finally, there is the 10+ years band, reflecting the truly ancient BTC supply.

In 2025 so far, the three cohorts have made movements worth (from youngest to oldest): $22.7 billion, $16.2 billion, and $13.3 billion. In total, over $52 billion in old supply broke dormancy this year. Below is the chart shared by Checkmate that shows how previous years compared.

As is visible in the graph, 2024 was the only year that surpassed this year in terms of total 5+ years old revived supply, although 2025 isn’t over yet so it may well surpass it by the end of December.

Interestingly, an old supply band that 2025 has already overtaken 2024 in this metric is the 10 years+ cohort. This means that this year Bitcoin saw the most amount of ancient supply come alive. The analyst has noted that $9.5 billion of these tokens have come from a single holder with 80,000 BTC.

In some other news, a large amount of liquidations have hit the cryptocurrency derivatives market as a result of the volatility that Bitcoin and others have gone through.

As data from CoinGlass shows, $686 million in liquidations have taken place over the last 24 hours.

Long contracts have outweighed short ones in liquidations in this period, as a result of volatility being to a net downside. More specifically, the bullish flush has amounted to $363 million, while the bearish one to $318 million.

Short liquidations have still been of a significant amount since down isn’t the only way the market has gone. Bitcoin initially fell below $100,000, before recovering back to the current level.

In terms of the individual assets, BTC-related contracts contributed the most toward the squeeze with $231 million in liquidations, while Ethereum came second at $165 million.

BTC Price

At the time of writing, Bitcoin is floating around $101,500, down nearly 8% in the last seven days.

Bitwise Asset Management signaled this week that a spot Dogecoin ETF could become effective in late November, with a possible launch date of November 26, 2025, if regulators do not intervene.

Based on reports, the firm changed its filing to remove a delaying amendment, which starts a clock that could make the registration effective automatically after a set window.

Automatic Effectiveness Could Trigger Launch

The filing change relies on a mechanism allowed under Section 8(a) of the US Securities Act. Reports say that removing the delaying language starts a 20 calendar-day countdown.

If the US Securities and Exchange Commission does not act during that period, the registration could become effective around November 26, 2025. That is why several outlets have used that specific date when describing the move.

Bloomberg ETF analyst Eric Balchunas said in a post on X (formerly Twitter) that Bitwise has taken out the “delaying amendment” from its S-1 filing.

Looks like Bitwise is doing the 8(a) move for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention. pic.twitter.com/y8jyxbYKXQ

— Eric Balchunas (@EricBalchunas) November 6, 2025

Custody And Structure Details Provided

According to the prospectus excerpts cited in multiple reports, the fund would hold actual Dogecoin — not futures contracts. Custody arrangements listed include Coinbase Custody Trust Company, LLC for DOGE and BNY Mellon for cash holdings.

The ETF’s net asset value would be tied to the CF Dogecoin-Dollar Settlement Price, the filing shows. Reports also indicate the product is expected to list on NYSE Arca, though a final ticker symbol and fee schedule have not been published.

Regulatory Roadblocks Remain

Even with the 20-day clock ticking, approval is not guaranteed. The SEC can step in during that window to delay or require further disclosures, and officials have done so in other cases. Market participants also note that an effective registration is only one step.

Exchange listing mechanics, market-maker arrangements and custodial confirmations can affect when shares actually begin trading. As a result, an effective date and a trading launch date may differ.

Market Context And What It Could Mean

A spot ETF for Dogecoin would be a continuation of a wave of spot crypto products that have sought to gain access to mainstream distribution. Reports indicate the move signifies heightened institutional demand to expand regulated access to altcoins in addition to Bitcoin and Ethereum.

Still, the filing itself warns of usual risks: token price swings, liquidity concerns and competition from other funds. No specific expense ratio or seed capital figures were disclosed in the filings cited by the press.

Public statements from the SEC, formal confirmation of the effective date on regulatory filings, and notices from NYSE Arca are expected to outline the next steps. Details such as the ETF’s ticker symbol, expense ratio, and participation from market makers are likely to surface as the launch process continues.

Featured image from WallpaperCG, chart from TradingView

Kazakhstan is set to establish a national cryptocurrency reserve fund valued between $500 million and $1 billion, primarily utilizing assets that have been seized and repatriated from abroad. 

Central Bank Governor Timur Suleimenov announced the initiative during an interview with Bloomberg in London, stating that the fund would focus on investments in exchange-traded funds (ETFs) and shares of companies involved in the sector, rather than holding digital assets directly.

State-Run Crypto Asset Fund

During the interview, Suleimenov expressed confidence that the fund would be operational by the end of the year or early January. He emphasized that the investment strategy would be cautious, steering clear of direct crypto exposure. 

Kazakhstan’s Deputy Chairman of the National Bank, Berik Sholpankulov, further clarified the government’s strategy, revealing that they are considering using some of the National Fund’s assets, as well as gold and foreign exchange reserves, for investments linked to crypto assets. 

Sholpankulov noted that any such investment activities would be managed exclusively through a state-run digital asset fund, which is currently under discussion.

The National Bank’s Deputy Chairman detailed that confiscated cryptocurrency assets would be allocated to this state digital asset fund, where they will serve as a strategic reserve for the government. 

Additionally, he mentioned a proposal from the Ministry of Digital Development to allow state-owned mining companies to provide energy to private mining operations in exchange for payment in virtual currencies.

According to the National Bank, the assets of the National Fund increased by $990 million in September compared to August, reaching a total of $62.7 billion. Concurrently, gold and foreign exchange reserves also saw a rise, with gold reserves growing to $39.7 billion, despite a decline in foreign exchange assets.

Kazakhstan Eyes Regulated Digital Asset Landscape

This initiative comes on the heels of the National Bank’s approval of a concept to create a national reserve of crypto assets, which will be managed through a new subsidiary focused on alternative investments. 

The government is also exploring the establishment of licensed crypto banks and a national cryptocurrency exchange to foster a regulated environment for digital asset trading in Kazakhstan.

Over the past few months, authorities have cracked down on illicit cryptocurrency exchanges, shutting down 130 operations suspected of laundering criminal proceeds. This crackdown has led to the seizure of crypto assets worth approximately $16.7 million. 

However, Sholpankulov noted that around $15 billion in cryptocurrency has reportedly exited the country due to regulatory gaps surrounding digital assets.

At the time of writing, Bitcoin (BTC) was trading at $100,820, marking a notable 9% decline over the past week. This puts the leading cryptocurrency 20% below its all-time high of $126,000, which was reached in early October of this year. 

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

Japan’s three largest banking groups have received the greenlight from the FSA for a stablecoin issuance and cross-border payments project.

Mitsubishi UFJ, Mizuho, & Sumitomo Mitsui To Jointly Issue Stablecoins

As announced in a press release by MUFG bank, its banking group, along with two other major financial institutions, has just received approval from Japan’s Financial Services Agency (FSA) on a stablecoins proof-of-concept.

According to the press release, the banks’ project will involve joint stablecoin issuance and advanced cross-border payments, with both set to receive support from the FSA. Digital asset platform Progmat, founded by Mitsubishi UFJ, will provide the infrastructure and technological support for the proof-of-concept. “The three banks considering joint issuance will define requirements and establish evaluation criteria to build a concrete structure,” said MUFG.

A stablecoin is a cryptocurrency that has its price pegged to a fiat currency. Currently, the most popular assets of this type are tied to the US dollar (USD). The three big banks are expected to issue a stablecoin backed by the Japanese yen (JPY).

Last month, Japanese startup JPYC launched the nation’s first yen-based stablecoin, as reported by Bitcoinist. The token, called “JPYC,” is backed by domestic deposits and Japanese government bonds. For now, the company is offering 0% fees on issuance and redemption of JPYC to promote adoption.

MUFG’s press release noted that blockchain-based payments and use of tokenized deposits and stablecoins are being explored both domestically and overseas. So this proof-of-concept from the banks will serve as a testing ground to accumulate practical knowledge related to joint stablecoin issuance.

Elsewhere in Asia, Hong Kong approved its legislature on these fiat-tied tokens earlier this year, and big names like Standard Chartered in its joint venture are on the waiting list for an issuer license.

The first batch of approvals was earlier expected to drop next year, but a recent Financial Times report has revealed that mainland regulators have urged applicants to pause their plans, due to concerns about the growth of currencies controlled by the private sector.

Over in Europe, a consortium of big banks has come together to launch a euro stablecoin in the second half of 2026. Initially, the consortium included nine European banks, but later a tenth financial institution in the American Citigroup joined the effort.

The euro-pegged token, which aims to be fully compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCAR), seeks to provide a real alternative to the USD-heavy stablecoin market.

Bitcoin Price

Bitcoin has been facing bearish pressure recently, which has taken its price to the $100,000 level, down over 8% on the weekly timeframe.

Earlier in the week, Bitcoin saw a recovery surge above $104,000. This rally interestingly occurred alongside notable stablecoin exchange inflows, as pointed out by an analyst in a CryptoQuant Quicktake post. It’s possible that investors made these deposits to convert their stables for BTC and other volatile assets, but considering the latest price trend, the buying pressure didn’t last.

A public research center in Tenerife is preparing to sell a stash of Bitcoin it bought more than a decade ago — a holding that has grown from a modest experiment into a multi-million dollar pot.

Reports say the Institute of Technology and Renewable Energies (ITER), tied to the Tenerife Island Council, purchased 97 BTC in 2012 for about €10,000. The coins are now worth over $10 million at current prices.

Preparing To Liquidate A Long-Held Holding

ITER did not buy the Bitcoin as a bet on prices. According to local reporting, the purchase was part of a project to study blockchain and related systems. Now, after years of rising values, council officials are in talks with a regulated Spanish financial institution to move the assets into cash in line with Bank of Spain and CNMV rules.

The sale process faces hurdles. Banks and brokers often demand detailed compliance paperwork for big crypto transactions. That means the operation will be carried out through official channels rather than on a retail exchange. Some sources note ITER has been trying for years to sort legal and administrative steps around the holdings.

Funds Pledged To Research Projects

Based on reports, the money raised from the sale will be used to fund new research at the institute. ITER plans to put the proceeds toward projects including quantum technology and other scientific work that it says will benefit the island and regional development. Officials have framed the plan as a way to turn an old experiment into a public resource for research.

How Big Is The Gain?

The numbers are stark. Buying 97 Bitcoin for roughly €10,000 in 2012 and selling them now at market levels would mean a return measured in the thousands of percent. Exact figures will depend on the final sale price and exchange rates used on the day the coins move. Tax and legal costs could also affect the net amount the institute receives.

What Officials Have Said

Council members and ITER representatives have given short statements to local press about the plan, noting that the original purpose was research rather than investment. Reports indicate officials are coordinating with legal and financial advisers to make sure the disposal meets Spanish rules around public funds and asset sales. The aim is to avoid any misstep that might delay the cashing-out.

Featured image from Unsplash, chart from TradingView

Bitcoin is struggling to hold the $100K level, with bulls unable to reclaim momentum as fear and uncertainty dominate the market. The price continues to trade near critical support, and despite strong on-chain fundamentals, sentiment remains fragile. According to top analyst Darkfost, the market is undergoing a profound transformation — one that’s making many traditional on-chain indicators less reliable.

“With time, we can clearly see that the structure and dynamics of the market are evolving,” he notes. While retail behavior and exchange flows once defined market cycles, the growing influence of institutions, ETFs, and long-term investors has changed the rhythm of Bitcoin’s price action.

Still, some metrics remain vital, and one of the most insightful, according to Darkfost, is Coin Days Destroyed (CDD) — a measure of long-term holder activity. “It’s one of the indicators I follow the most because long-term holders are still driving this market,” he says.

Currently, between 75% and 80% of all Bitcoin supply is held by long-term holders, signaling that the majority of investors remain strong-handed despite volatility. This consolidation among patient holders may ultimately set the stage for the next major trend once short-term fear fades.

Long-Term Holders Drive Market Dynamics Through Rising CDD

According to Darkfost, the Coin Days Destroyed (CDD) metric remains one of the most valuable tools for understanding Bitcoin’s market structure. It provides a clear visualization of long-term holder (LTH) activity and the potential selling pressure they exert. Essentially, CDD measures how long coins have been held before being moved — and when older coins start circulating again, it’s often a sign that distribution is underway.

Currently, the 30-day moving average of CDD is steadily rising, having doubled since early summer. Interestingly, this metric declined before Bitcoin’s last all-time high, helping fuel that rally, but it has continued to climb since — reflecting growing LTH activity.

On an annual scale, CDD levels have already surpassed the 2021 cycle and are approaching those from 2017, marking one of the most active long-term holder phases in Bitcoin’s history.

This trend signals a massive transfer of supply between market participants. Despite this, Bitcoin remains above $100,000, showing that today’s market is more liquid, resilient, and institutionally driven than in previous cycles. LTHs now have the ability to distribute significant volumes without crashing prices, demonstrating how far Bitcoin’s maturity and market depth have evolved over time.

Bitcoin Battles to Hold $100K Support

Bitcoin is currently trading near $100,767, struggling to maintain stability after a volatile week marked by aggressive selling pressure. The daily chart reveals that BTC has once again tested the $100K psychological support, a key level that bulls must defend to prevent further downside momentum.

From a technical perspective, Bitcoin remains below its 50-day (blue) and 100-day (green) moving averages, signaling that short- and mid-term momentum continues to favor the bears. The 200-day moving average (red) — now positioned slightly above $106K — is acting as dynamic resistance, reinforcing the broader correction phase that began in late October.

If Bitcoin manages to close above $103K–$104K, it could signal a short-term recovery toward $108K–$110K. Conversely, a decisive break below $100K could trigger a sharper correction toward $95K, potentially testing the market’s resilience as sentiment continues to waver between fear and cautious optimism.

Featured image from ChatGPT, chart from TradingView.com

Bitcoin (BTC) continues to consolidate around the $100,000–$102,000 zone as global markets remain cautious following the hawkish comments from the U.S. Federal Reserve.

Related Reading: Is A Ripple IPO Coming? Garlinghouse Shares New Insights

Despite short-term weakness, analysts remain divided, with institutional forecasts ranging from $120,000 to $170,000 for 2025.

Macro Pressure Keeps Bitcoin in Tight Range

Currently, Bitcoin is trading around $100,900, down 2.01% in the last 24 hours, extending its 8.2% weekly decline.

The broader crypto market capitalization slipped to $3.37 trillion as Ethereum fell below $3,400 and altcoins posted mixed results. Analysts attribute the muted action to tight liquidity and risk-off sentiment, with BTC trapped between key support at $100,500 and resistance at $102,500.

According to CoinSwitch Markets Desk, maintaining levels above $100,500 keeps sentiment “constructive,” but a breakout above $102,500 is needed to target $104,000–$105,000.

Whale activity, however, suggests accumulation. Wallets holding 1,000–10,000 BTC added nearly 30,000 BTC last week, signaling growing confidence among large holders.

Diverging Institutional Bitcoin Forecasts Add to Uncertainty

Institutional analysts remain split on Bitcoin’s next move. JPMorgan values BTC at $170,000, comparing its risk-adjusted volatility to gold, while Bitwise CIO Matt Hougan and MicroStrategy’s Michael Saylor forecast a $150,000 year-end target driven by ETF inflows and institutional rotation.

In contrast, Galaxy Digital cut its 2025 forecast to $120,000 after whales sold 400,000 BTC in October, warning that Bitcoin’s “maturity era” may lead to slower but steadier growth.

Meanwhile, Cathie Wood of ARK Invest has trimmed her 2030 price target from $1.5 million to $1.2 million, citing stablecoin adoption in emerging markets like Venezuela and Argentina, where citizens are increasingly using USDT to hedge against inflation.

Market Sentiment and Corporate Impact

Market sentiment remains fragile, with RSI readings below 40 suggesting an oversold phase. Veteran analyst Tom Lee believes current macro challenges could “turn into opportunities,” predicting a turnaround once U.S. inflation eases.

Adding to the mix, Block Inc., led by Jack Dorsey, reported $1.97 billion in Bitcoin-related revenue for Q3 2025, nearly one-third of its total earnings, despite a broader earnings miss that sent shares down over 10%.

Related Reading: Will Michael Saylor’s $64 Billion Bitcoin Stack Get Liquidated At $74,000? Here’s The Truth

For now, Bitcoin’s resilience above $100,000 offers cautious optimism. A decisive close above $105,000 could confirm a trend reversal; however, until then, BTC’s consolidation reflects a market at the crossroads of macroeconomic headwinds and institutional conviction.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Bitcoin is once again testing critical support levels after briefly losing the $100,000 mark on Tuesday, raising questions about whether the market is entering the late stages of the current cycle. Despite short-term weakness, Bitcoin continues to appear overheated, while Ethereum seems to be sending a different, more resilient signal.

The overall market tone has become increasingly complex. On one side, Bitcoin’s relentless rally over recent months has many traders believing the bull run is nearing its end. Across social media and trading communities, the sentiment is clear: “The bull run is almost over.” and “There won’t be another alt season.” This growing skepticism reflects widespread caution among investors who fear that BTC’s parabolic advance could soon lead to exhaustion.

However, beneath the surface, Ethereum’s quiet strength and on-chain activity hint at possible capital rotation or hidden accumulation — signaling that the cycle may not be entirely over. The divergence between the two largest cryptocurrencies highlights a shifting market structure, where traders must now navigate increased volatility, fading euphoria, and mixed technical signals.

Diverging Signals Between Bitcoin And Ethereum Fund Premiums

According to a CryptoQuant report by analyst Woominkyu, a subtle yet notable divergence has emerged between Bitcoin and Ethereum fund premiums — a dynamic that could reveal the next market rotation. The data shows that the Ethereum Fund Market Premium has been rising quietly, even as ETH’s price struggles around the $3,300 level. This indicates growing institutional interest in Ethereum despite its weaker spot performance.

In contrast, Bitcoin’s fund premium has remained flat, showing little change even after weeks of strong price movement. This behavior suggests that while BTC continues to dominate retail and media attention, institutional demand has not accelerated in tandem — a potential sign of market fatigue or strategic capital repositioning.

This divergence is not clearly bullish or bearish. It might represent early accumulation in Ethereum funds, signaling an upcoming rotation into altcoins, or simply temporary imbalances in demand between major crypto instruments.

What’s evident, however, is that market sentiment and institutional behavior are no longer aligned. Bitcoin’s momentum is driving the narrative, but Ethereum’s quiet accumulation under the surface could be the first hint of shifting capital flows — setting the stage for a more complex and potentially surprising next phase in the market cycle.

ETH/BTC Tests Multi-Year Support Amid Persistent Weakness

The ETH/BTC pair continues to display structural weakness, currently trading around 0.0327 BTC, after failing to maintain its brief recovery attempt toward 0.04 BTC. The weekly chart shows Ethereum struggling to regain strength against Bitcoin, suggesting that the capital rotation remains heavily tilted toward BTC dominance.

Since mid-2022, ETH/BTC has been in a persistent downtrend, forming lower highs and lower lows — a clear sign of relative underperformance. The pair’s latest rejection near the 100-week moving average further reinforces this bearish structure. For Ethereum to regain momentum, a sustained move above the 0.037–0.038 BTC zone would be crucial, as this region aligns with both technical resistance and previous breakdown levels.

However, there are early signs of potential stabilization. Volume patterns show accumulation near the 0.03 BTC zone, which coincides with the 2021 pre-bull run consolidation range — historically, a strong demand area.

If Bitcoin consolidates around $100K and market sentiment improves, Ethereum could stage a rebound in this pair, possibly signaling the beginning of a slow capital rotation back into altcoins. For now, though, BTC dominance remains firm, and ETH’s relative weakness underscores the cautious mood across the broader crypto market.

Featured image from ChatGPT, chart from TradingView.com

Crypto-linked crime from South Korea to Cambodia has skyrocketed 1,400 times in the past year, revealing alarming gaps in anti-money laundering (AML) oversight.

Transfers between the two nations, largely involving USDT stablecoins, have drawn scrutiny after Korean exchanges like Bithumb and Upbit processed billions of won in suspicious transactions. Much of this capital reportedly flowed to Huione Guarantee, a Cambodian platform sanctioned by the U.S. and U.K.

Experts say the spike underscores how stricter local enforcement in Korea has driven criminal syndicates offshore.

“It’s extremely difficult to detect all suspicious transactions before they occur,” said Youchull Jung, a white-collar crime attorney at Lee & Ko. The transfers highlight how foreign jurisdictions like Cambodia and the Philippines have become new operational hubs for crypto-based scams.

Seoul Weighs New Sanctions After U.S. Crackdown on North Korean Crypto Laundering

The revelations come as South Korea reviews potential sanctions targeting North Korea’s cyber-financing networks.

On November 7, Vice Foreign Minister Kim Ji-na confirmed that Seoul could “review sanctions as a measure if they are really needed,” emphasizing coordination with the United States to counter Pyongyang’s crypto theft operations.

The U.S. Treasury recently sanctioned eight North Korean nationals and two entities, including the Korea Mangyongdae Computer Technology Company (KMCTC) and Ryujong Credit Bank, for laundering stolen digital assets to fund weapons programs.

Analysts, such as Tiger Research’s Ryan Yoon, note that while new measures may have a limited short-term impact, they signal intensified coordination between Seoul and Washington on curbing crypto-funded proliferation threats.

Regulation Tightens as South Korea Leads in Compliance Reform

South Korea’s crypto market, valued at over $84 billion, has become a test case for striking a balance between innovation and regulation.

The 2024 Digital Asset Act and Travel Rule bolstered exchange oversight, but outdated foreign exchange laws have left cross-border crypto flows in a gray zone. Regulators now face the dual challenge of protecting investors while closing loopholes exploited by bad actors.

Amid growing global scrutiny, Seoul’s stance could shape the future of crypto compliance across Asia.

If South Korea tightens sanctions and AML controls further, analysts say it may catalyze a new era of coordinated digital finance enforcement, stretching from Washington to Phnom Penh, and turning the region’s crypto boom into a geopolitical battleground.

Cover image from ChatGPT, BTCUSD chart from Tradingview

In a striking claim gaining attention on X, the analyst known as unknowDLT has shared a controversial theory suggesting that Ripple’s XRP Ledger was not merely “chosen” by the US government, but actually built by it. According to the analyst, this hidden connection could explain Ripple’s unusually favorable position in the global financial system and why the XRP ledger could position Ripple as the world’s highest-valued fintech company.

Is The XRP Ledger A Government-Built Blockchain?

The analyst suggests that the XRP ledger’s architecture aligns perfectly with government priorities such as speed, traceability, compliance, and global interoperability, qualities more typical of a central banking system than a privately developed blockchain project.

“Ripple wasn’t chosen; it was built,” unknowDLT wrote, arguing that this hidden origin story explains why the company has managed to survive regulatory scrutiny that has hindered other crypto projects. If Ripple truly works within a system shaped by US interests, the XRP ledger could serve as a technological tool for global financial control, rather than just a private payment network.

 

While no official document supports this claim, the viewpoint could reframe XRP not merely as a utility token, but as a geopolitical asset —a digital tool capable of reinforcing the US dollar’s supremacy in the digital era. The theory also suggests that Ripple’s growing integration into global banking rails, stablecoin infrastructure, and cross-border settlements could one day make it the most valuable fintech company globally.

Why The XRP Ledger Could Make Ripple The Most Valuable Company

In unknowDLT’s view, the XRP ledger could play a central role in helping the US retain its leadership in global finance. As countries move toward digital payments and Central Bank Digital Currencies (CBDCs), the demand for a neutral, fast, and cost-efficient bridge network will only increase.  

The analyst believes the XRP ledger fulfills this need by allowing instant, low-cost transfers between any two currencies, making it the natural choice for large-scale settlement systems. If global financial networks adopt the XRP ledger as the universal bridge network, Ripple could become the company powering those payment rails, much as SWIFT connects banks worldwide.

Such widespread adoption would place Ripple at the heart of the global financial network, with the XRP ledger serving as its core engine, potentially elevating it to one of the most valuable corporations in the blockchain era. According to the theory, this outcome is not a coincidence but a long-term strategy to secure US dominance in digital money, with Ripple as the chosen instrument.

While still speculative, this notion adds a new dimension to how investors and analysts view Ripple’s long-term potential. If the XRP ledger truly originated as part of a US plan to preserve global influence, its expanding role in digital finance could ultimately position Ripple as the defining company of the digital finance era.

Dogecoin has spent the past week hovering between $0.15 and $0.17, which is an extension of its lost momentum in October. Despite the overall weakness across the crypto market, technical analysis shows that the meme coin has maintained a firm footing near its support zone and resisted the broader bearish pressure by holding above $0.15. 

Bitcoin’s recent price movements have set the tone for the rest of the market, but Dogecoin’s price action suggests that the token might be preparing for a reversal phase. A technical analysis from crypto analyst NekoZ on X has drawn considerable interest, as it points to a bullish setup forming on Dogecoin’s weekly chart.

Symmetrical Triangle Points To A Bullish Bounce

According to NekoZ, Dogecoin is currently trading within a massive symmetrical triangle pattern that has been forming for months. This pattern is visible on the weekly candlestick price chart, and the formation goes as far back as late 2024.

The weekly chart shows the price approaching the lower boundary of this structure, where there is a high possibility of a reversal. The price action within the triangle shows the creation of higher highs in October, and Dogecoin could undergo an explosive move in either direction. Given that the current structure has defended above $0.15, the setup is tilting toward a bullish breakout scenario. 

The analyst’s chart highlights that a successful bounce from the current zone could drive Dogecoin’s price back towards the upper trendline. A sustained move above $0.18 could be the first sign of this possibility, especially if it is accompanied by an increase in trading volume. 

New Impulse Wave Could Push DOGE To $0.35

Dogecoin’s price is hovering right within the circled region on the chart, which means that it is testing the lower support line of the triangle. The past few weekly candles show that buyers have defended the lower range, preventing a deeper correction.

If Dogecoin manages to bounce at the lower trendline, then the next outlook would be a push upwards. However, the meme coin still has a long climb ahead before testing the resistance area between $0.30 and $0.33.

A break above the upper trendline will effectively almost double its current value. Such a move would mark the start of a new impulse wave and signify the eventual break of the symmetrical triangle formation that has characterized Dogecoin’s price action since the beginning of the year. It would also open the path for a Dogecoin price outlook at $0.35 and above.

However, the symmetrical triangle’s completion move also depends on how fast Bitcoin can stabilize above $100,000 and the broader market sentiment turns risk-on again. At the time of writing, Dogecoin is trading at $0.1643, up by 0.5% in the past 24 hours.

Australia must move faster on tokenization or risk losing business to overseas markets, the chair of the Australian Securities and Investments Commission has warned.

According to a speech delivered on November 5, ASIC Chair Joe Longo urged regulators, firms and investors to act now, saying the country must “seize the opportunity or be left behind.”

The comment came as global firms and some exchanges push ahead with tokenized securities and bonds.

Why Tokenization Matters

Tokenization breaks big assets into smaller pieces and can cut settlement times, which makes them easier to trade. Based on reports, some international platforms have already seen significant volumes: one exchange has recorded about $3.1 billion in tokenized bond issuances since 2021.

Big banks are planning moves too — J.P. Morgan has signaled plans to fully tokenize some of its money market funds within two years. Those steps show that tokenized products are moving from pilot stages toward real market use.

Regulatory Push And Plans

According to ASIC, the regulator will relaunch and strengthen its innovation hub and seek closer work with government on reforms. Reports have disclosed an Enhanced Regulatory Sandbox is under consideration to help fintechs and asset managers test tokenized products.

Longo also pointed to a transition window: firms dealing with certain types of stablecoins and tokenized securities were given until June 2026 to meet licensing rules.

In a separate survey cited by ASIC, about half of market participants declined to engage with the regulator on tokenization issues, while roughly one-third provided detailed feedback — a gap the agency says it wants to close.

Market Structure And The Stakes

Australia’s private credit market has expanded rapidly over the past decade, growing by about 500%. The superannuation system now holds more than $4.3 trillion, a pool that outstrips public market liquidity.

Based on reports, Longo warned that if domestic rules and infrastructure lag, businesses and investors might prefer other jurisdictions with clearer frameworks and faster rollouts. He asked how long it would be before Australians “start to do all their trading elsewhere,” a line meant to underline the urgency.

What Comes Next

ASIC plans to offer open doors for innovators facing regulatory barriers and to clarify how current laws apply to wrapped tokens, stablecoins and tokenized securities. The regulator says it will keep investor protection front and center while trying to reduce unnecessary friction for new products.

Stakeholders in the market have been given signals about timelines and expectations, and many industry players will watch whether the sandbox and guidance actually speed up product launches.

Featured image from Unsplash, chart from TradingView

The cryptocurrency market has once again stumbled, with Bitcoin, Ethereum, and XRP prices plunging after what seemed like a promising rebound. Despite a strong lineup of bullish narratives, ranging from interest rate cuts in October to expanding regulatory clarity, the momentum has weakened considerably. This brings into question the crypto industry’s outlook before the end of the year.

Technical Breakdown Weakens Market Confidence

The sharp pullback began with technical cracks that appeared across Bitcoin, Ethereum, and XRP charts. The past 24 hours have seen Bitcoin, which had recently climbed above $103,000, resuming what looks like another downtrend that threatens a break below $100,000.

According to a recent outlook from The DeFi Report, the rally looks good on paper for Bitcoin and other top cryptocurrencies. However, technical analysis shows that the leading cryptocurrency is currently below several key moving averages, including the 50, 100, and 200-day indicators. These moving averages often act as dynamic support zones, and breaking below them tends to signal that bullish momentum is fading. 

Ethereum has also followed this downward trend, falling back under its support at $3,400. XRP’s case has been similar, with the cryptocurrency slipping back below $2.3.

The technical deterioration across these leading assets is relaying a more cautious stance among traders, many of whom now see the market’s structure as vulnerable to further downside.

Fading Demand And Institutional Outflows

Although there are still bullish stories, ranging from pro-crypto policy direction under the Trump administration to tokenization efforts by traditional financial institutions, the inflow of fresh capital has slowed down. 

Spot Bitcoin ETFs, which were once the primary source of institutional interest, have seen notable outflows, erasing billions of dollars in value since early October. In terms of net flows and AUM, the Bitcoin ETFs have been among the most successful financial products in history. However, since October 10th, the ETFs have seen $1.4b of net outflows. 

On-chain data further supports this narrative of cooling demand. Long-term holders are reducing their holdings, and the majority of these are being absorbed by short-term holders, as evidenced by data from Glassnode. 

When it comes to market sentiment, optimism is still dominating much of the conversation across social media. Michael Nadeau, founder of The DeFi Report, noted that a large segment of investors are hopeful despite the recent downturn. Investors seem to be gravitating towards bullish reports, looking for something to hold on to.

At the time of writing, Bitcoin is trading at $101,720, down by another 1.3% in the past 24 hours. Ethereum is also down by about 1% in the same timeframe, trading at $3,330. XRP is feeling the brunt the most, down by 4.5% in the past 24 hours and trading at $2.2

Crypto analyst Brett, who predicted the top for the Bitcoin price in October, has revealed his new prediction for the flagship crypto. This comes as BTC struggles to hold above $100,000, raising concerns that the bull market is over. 

Analyst Reveals What’s Next For The Bitcoin Price

In an X post, Brett stated that if the Bitcoin price starts closing the weekly candle below the 50W MA, then the odds of this being the top increase. Notably, the analyst was the one who earlier predicted that BTC would peak in October, which appears to be the case. The flagship crypto rallied to a new all-time high (ATH) of $126,000 last month and has since been on a decline. 

Brett indicated that if the 4-year cycle continues to play out for the Bitcoin price, then between $55,000 and $75,000 would be a good buy zone. This represents a drawdown of between 40 and 55% from the highs. The analyst further opined that it is unlikely that the market will witness a prolonged bear market due to diminishing returns. 

 However, the analyst admitted that there was also the possibility that the Bitcoin price could go lower. Whatever happens, Brett stated that he is long-term bullish but choosing to respect the four-year cycle in the short term. 

Crypto analyst Michaël van de Poppe has offered a different opinion, stating that the four-year cycle is dead. He assured that the crypto market isn’t in a bear market but simply in the middle of a regular correction for the Bitcoin price in a longer bull cycle. Experts such as Bitwise CIO Matt Hougan had before now also declared that the four-year cycle is dead, with BTC’s bull run expected to extend to next year. 

BTC Needs To Hold Above $100,000

Crypto analyst Titan of Crypto has indicated that the Bitcoin price needs to hold above $100,000 to avoid losing its bull structure. In an X post, he noted that BTC had touched the monthly Tenkan line at around $101,000 and that this line must hold for the bull market to remain intact. If a breakdown occurs, then the flagship crypto could drop to the Kijun line at around $85,000. 

The analyst also outlined the best scenario for the Bitcoin price, stating that it needs to close back inside the rising wedge above $120,000. However, he added that the remaining liquidity below may be grabbed first before BTC trends higher. His accompanying chart showed that the flagship crypto could drop to as low as $79,000 if this were to happen.  

At the time of writing, the Bitcoin price is trading at around $101,800, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

Ethereum’s price may be experiencing a pullback due to the robust volatility in the crypto market, but bullish sentiment is starting to return on the institutional level. In a bold and bullish move, Bitmine Immersion has made another strategic ETH purchase, scooping up the altcoin on a large scale amid the ongoing volatile period.

Bitmine Immersion Is Buying Ethereum Again

After a brief period of quiet, Bitmine Immersion, a leading Ethereum treasury company, is back on the offensive. The treasury company has resumed its accumulation of ETH, a move that underscores the firm’s renewed conviction in the altcoin and its price prospects in the long term.

A crypto investor and tech enthusiast known as BMNR Bullz on X reported a fresh wave of large ETH purchases channeled into Bitmine’s reserves, triggering hopes of a market recovery. Bitmine’s recent acquisition aligns with the company’s ongoing strategy to bolster its treasury and stake holdings.

According to the report, the company has doubled down on ETH by acquiring over 40,718 ETH on Thursday. At current price levels, this ETH purchase is valued at a massive $137 million. This continuous accumulation stands out during a period of conflicting market sentiment, making it evident that the company believes Ethereum’s next growth phase is far from over.

Furthermore, this buy implies that smart money is now choosing to accumulate rather than sell. Despite the ongoing decline in the price of ETH, these investors are scooping up more ETH while everyone else hesitates. “When institutions buy dips, you know what comes next,” BMNR Bullz. 

Corporations Accumulate, ETH’s Ready For A Rally

As Bitmine Immersion consistently purchases Ethereum, the firm’s Co-Chief Executive Officer (Co-CEO), Tom Lee, has outlined a bullish outlook for ETH’s price, predicting an impending surge to unprecedented levels. Lee shared his bold prediction in an interview on The Pomp Podcast.

In the interview, Lee highlighted Ethereum’s growing dominance in the financial sector, which is likely to drive the anticipated rally. The CEO stated that Wall Street is currently building and tokenizing products on the ETH blockchain. “Wall Street is not going to be building on the Bitcoin blockchain because they need a smart contract platform such as Ethereum,” he added.

Given that Wall Street is starting to adopt ETH at a rapid rate, the CEO declares that the altcoin is now in a super cycle. Meanwhile, Lee has forecasted that the price of ETH might rise to the $21,000 mark in the near term.

Wall Street’s growing adoption indicates that Ethereum’s fundamentals remain strong. According to crypto analyst Crypto-Gucci.eth, ETH is at an all-time high in fundamentals, including usage, utility, and institutional demand. 

Presently, Crypto-Gucci.eth noted that the largest organizations in the world are discreetly reconstructing the global financial system on Ethereum rails while everyone freaks out over red candles. Thus, the market expert has urged investors to look beyond the noise, stating that the future is already here and it’s being built on Ethereum.

Глава Нацбанка Казахстана Тимур Сулейменов заявил о создании государственного криптофонда размером от $500 млн до $1 млрд.

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