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Ripple’s latest massive on-chain movement has once again stirred the broader crypto market, raising questions about the digital asset company’s intentions as a major XRP holder. A recent blockchain record shows millions of XRP leaving a wallet linked to Ripple, prompting speculation about whether this could signal a broader sell-off. With the price currently in a downtrend, showing no signs of a recovery in weeks, the transfer only adds to the growing unease in the community. 

Ripple Transfers 200 Million XRP To Unknown Destination

New reports from a popular blockchain monitoring system, Whale Alert has revealed that 200 million XRP, valued at approximately $445 million was recently moved from a wallet associated with Ripple. The large-scale transaction immediately caught the attention of the market, given both its size and origin, as Ripple Labs remains the largest single holder of XRP, controlling roughly 42% of its total supply. 

Notably, the transaction occurred on November 18, 2025, at 16:22:00 UTC and was sent from a Ripple-linked wallet address to an unknown destination. The transfer itself was inexpensive, incurring a minimal fee of just 0.00004 XRP. The movement also took place while XRP was still trading at approximately $2.22 per token. 

Considering Ripple’s influence on the altcoin, any significant outbound transfer tends to spark immediate reactions from its community about intent. Some market participants interpreted the transaction as a potential precursor of a sell-off, suggesting that it may be time to exit positions. 

However, other observers note that large wallets often redistribute holdings ahead of expected volatility, emphasizing that such internal rotations do not necessarily correlate with selling pressure. They argue that broader accumulation trends provide a more accurate picture than reactions to an isolated transfer. In addition, another commentator emphasized that Ripple has a long history of making large-scale movements for more treasury management, liquidity operations, or over-the-counter transactions—none of which translate directly into immediate market dumps. 

Whales Quietly Accumulate Billions

While Ripple’s 200 million XRP transfer has ignited speculation, new data from Santiment has highlighted  a significant uptick in whale activity. According to on-chain data, large holders have acquired more than $2.36 billion worth of XRP within a single week, pushing their combined balance to 9.74 billion XRP. This marks one of the strongest accumulations recorded recently, suggesting that whales may be positioning for the long-term rather than selling off. 

The increase in whale holdings comes at a time where the market is experiencing a notable downtrend. If these movements were distribution rather than accumulation, they could put additional pressure on the already weak price action. However, as more whales continue to buy XRP at lower price levels, it could provide underlying support for the cryptocurrency, potentially stabilizing the market. 

Cardano’s price action has been trending downwards alongside the rest of the crypto market, but the on-chain side of things shows the blockchain activity is failing to keep pace with expectations for a top-tier blockchain. 

Recent weeks have shown sluggish participation across key network indicators, and the stagnation has increased the long-standing ghost chain narrative. An example of this criticism came from a crypto observer on X, who added a more blunt assessment of why the network appears to be underperforming, calling it a “ghost chain.”

Harsh Critiques Point To Liquidity And Usage Weakness

A closer look at Cardano’s liquidity profile revealed gaps that are difficult to ignore. Its stablecoin supply of just over $30 million is exceptionally small for a blockchain with a market value in the tens of billions, making Cardano’s DeFi economy shallow compared to both its peers and even smaller networks. 

A crypto observer known as hantengri on X summarized the situation in a pointed breakdown, stating that Cardano raised $62 million, generates zero revenue, processes only about one transaction per second, and hosts an ecosystem that is described as basically one DEX and one lending protocol that maybe seven people use per day. 

The account went further, arguing that the chain operates like a ghost network guarded by a fanatical community despite sitting at a fully diluted valuation of $21 billion.

He also highlighted concerns about supply mechanics, noting that although ADA is labeled as having a fixed supply, roughly 18% is still not in circulation, and staking rewards along with treasury emissions continue to enter the market without any burn mechanism. To him, these factors reinforce the idea that no one is using the chain in a meaningful way.

A More Practical Way To View The Ghost Chain Debate

The idea of Cardano being a ghost chain is not as straightforward as a simple yes or no. The label comes from doubts about whether the network’s growth matches the scale of its ambitions and the size of its market capitalization. 

When the conversation is framed purely around visible activity, such as the total value locked in its DeFi protocols, active applications, or stablecoin liquidity, Cardano does fall behind faster-moving competitors like Solana and Avalanche. Those surface-level metrics make the ecosystem appear quieter than what one would expect from a top-tier chain.

Interestingly, Cardano founder Charles Hoskinson had addressed this disparity, noting this is due to a lack of DeFi engagement from the 1.3 million users who are actively participating in Cardano staking.

According to data from DeFiLlama, the Cardano network currently has the 25th largest TVL, with only about $215.51 million in 61 protocols. 

At the time of writing, Cardano (ADA) is trading at $0.1581, down by 0.5% in the past 24 hours. The cryptocurrency is down by 10% and 18% in the larger seven-day and 30-day timeframes. Charles Hoskinson recently appealed to the community to avoid reacting emotionally and to refrain from panic selling.

After days of trading above the $90,000 price mark, Bitcoin has officially lost this key support level as the market turns increasingly volatile on Wednesday. While the price of BTC continues its downward trend, the ongoing selling pressure from long-term holders does not seem to be slowing down.

Long-Term Bitcoin Holders Extend Their Selling Trend

A persistent negative action from key investors is meeting Bitcoin’s current price pullback. Long-term Bitcoin holders, who are usually the most steadfast and resilient players in the cryptocurrency market, are increasingly showing signs of strain and uncertainty.

Related Reading: Veteran Whales Blamed For Bitcoin’s Sharp Slide, Crypto Boss Says

After examining the Net Position Change in BTC, Swissblock, an investment pioneer and on-chain data analytics platform, detected a continued selling pressure among long-term BTC holders. The cohort has continued to sell off sizable chunks of their holdings even as the flagship crypto asset battles to find stability.

This steady selling pressure from seasoned investors outlines a rising sense of caution and fear, pointing to weakening confidence in the current market structure. With these key investors persistently selling off their holdings, BTC’s price outlook becomes increasingly complicated, triggering crucial questions about where true market conviction currently resides.

During BTC corrections, the platform highlighted that long-term holders typically halt their distribution and slowly go into accumulation mode. However, the current trend is shifting away from this dynamic as selling pressure from the cohort is not fading. 

According to the investment pioneer, these shifting market dynamics are pointing to additional downside in price before long-term holders return to accumulation mode. When this happens, the price of Bitcoin is likely to undergo a rebound and possibly restore the bull market.

BTC Supply In Loss Is Steadily Increasing

With Bitcoin’s price dropping, it is starting to leave a deeper imprint beneath the surface. Darkfost, an author at the CryptoQuant platform, reports that the portion of BTC supply held at a loss has increased following the recent market pullback.

Related Reading: Bitcoin Current Downward Trend Fails To Shake Long-Term Holder Profitability – Here’s What To Know

The development indicates increasing pressure on the network as a whole, especially among investors who entered close to recent highs. A steady increase in BTC supply in loss puts the market in a more precarious state, which might influence the asset’s next major move.

In the report shared on X, the market expert revealed that more than 6.96 million BTC accumulated by investors are currently positioned at a loss as of Wednesday. Data from the BTC Supply in Profit/Loss metric shows that this is the largest level of unrealized loss since January 2024. 

What makes this so interesting is that the ongoing correction is still below the deepest drawdown of this market cycle. This implies that a significant amount of Bitcoin was recently amassed when it was trading close to its prior ATH, which helps to explain some of the panic selling, particularly from short-term BTC holders.

However, Darkfost noted that this kind of increase in unrealized loss levels during a bullish trend has historically created strong buying opportunities. According to the expert, this is the moment when the famous change of hands narrative, which is highly discussed in the sector, often takes place.

A new WhatsApp worm is sweeping through Brazil, stealing bank logins and crypto keys from ordinary users, security firms warn.

Victims get a message that looks familiar — a delivery note, a government alert, or an invite to a group — and one click can let the threat spread through their contacts while a hidden trojan strips data from their machines.

How The Worm Spreads

According to security reports, attackers send ZIP files over WhatsApp that contain a malicious .LNK shortcut. When opened, that shortcut runs deceptive commands which load more code into memory so little is written to the hard drive.

This “fileless” step helps the malware avoid some antivirus tools. Based on reports, the infection also hijacks WhatsApp Web sessions to send the same bait to the victim’s friends, making the attack behave like a worm.

One analyst group said more than 400 “customer environments” and over 1,000 endpoints showed signs of compromise, while another firm blocked roughly 62,000 infection attempts in the first 10 days of October.

Targets And Techniques

Reports have disclosed two main strains that are active in Brazil. One is a banking trojan called Eternidade Stealer that uses a Gmail account as a hidden command channel.

The other, known as Maverick, relies on automation tools such as WPPConnect to operate WhatsApp Web and to push malicious messages from infected accounts.

The threats look for local settings before fully activating, checking timezone and language so the code runs mainly on machines set to Brazil.

Security researchers say the malware can snapshot screens, log keystrokes, and overlay fake login pages on banking or exchange websites.

The list of targets is wide: it includes 26 Brazilian banks, six crypto exchanges, and one payment platform.

Smart Filtering Makes It Worse

The attackers appear to avoid business or group contacts. That choice seems designed to keep messages within small personal circles and to reduce early detection.

Once a contact family or friend opens the link, the same cycle can repeat. Because the worm spreads by using trusted accounts, people are more likely to fall for the bait.

The use of widely available services like Gmail for control instructions makes it harder for defenders to block a single command server.

What To Do If You’re Exposed

According to security experts, if funds are at risk, act fast. Freeze or lock accounts when possible, alert your exchange or bank, and report the incident to local authorities.

Enable strong multi-factor authentication on every financial account and use withdrawal whitelists where offered. According to experts, do not open ZIP or .LNK files from WhatsApp, even from known contacts, without verifying by a separate message or a phone call.

Brazil At No. 5

Chainalysis figures show Brazil sits at the top of Latin America in crypto use, and the country holds the fifth spot in the platform’s 2025 Global Crypto Adoption Index Top 20.

Featured image from Gemini, chart from TradingView

Franklin Templeton CEO’s comments about Bitcoin have resurfaced ahead of the asset manager’s XRP ETF launch. The CEO suggested that Bitcoin might not be the biggest tech in the crypto space, as she outlined other areas that will disrupt the financial system. 

Franklin Templeton’s CEO Bitcoin Comments Resurface Ahead Of XRP ETF Launch

Crypto pundit Nick shared Franklin Templeton CEO Jenny Johnson’s comments at the CNBC Delivering Alpha conference, in which she stated that Bitcoin is the greatest distraction from the greatest disruption that is coming to financial services. She further remarked that the core value of blockchain technology lies in payments, smart contracts, and tokenization. These comments have reemerged just as the $1.53 trillion asset manager is set to debut its XRP ETF. 

Nick explained that what the Franklin Templeton CEO was really suggesting is that Bitcoin lacks the viable tech to be utilized for what institutions want. He further noted that tokenization leads to institutional DeFi, which brings the entire financial system on-chain. The pundit added that the demand is far too much for inefficient networks that can’t scale. He claimed that this includes networks whose gas fees drastically increase once demand does too. 

The pundit is believed to be making a case for the XRP Ledger over other networks, including Ethereum, whose gas fees increase during high demand. Nick advised that market participants should focus on the right and most efficient tech, and that is where they will find the holy grail. 

It is worth noting that Franklin Templeton offers a tokenized U.S. government money fund available on the Ethereum, Solana, Base, Arbitrum, Aptos, and Stellar networks, but not on the Ledger. However, it remains to be seen if that will change as XRPL developers work on new features to promote tokenization on the network. 

Franklin Templeton Likely To Roll Out ETF Next Week

Bloomberg analyst James Seyffart stated that Franklin Templeton’s XRP ETF is likely to launch next week on November 24. He also opined that the Grayscale fund will go live on the same day. Franklin Templeton’s fund had earlier been projected to launch this week, based on its updated S-1 filing, which removed the delaying amendment. 

Meanwhile, Bitwise has confirmed that its XRP ETF will launch today on the NYSE under the ticker ‘XRP.’ The asset manager listed some of the things that make the altcoin interesting, including the fact that the XRPL is one of the longest-running blockchains, with a 13-year track record. The asset manager also stated that the token is used to settle payments in 3 to 5 seconds for fractions of a cent. It also noted that a growing list of assets is being tokenized on the ledger. 

At the time of writing, the altcoin price is trading at around $2.13, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

Despite the ongoing bearish action of the market, Ethereum is showing signs of strength in some areas. In a significant landmark, the leading altcoin has surpassed Bitcoin, the largest digital asset, in a key metric that has defined industry strength.

Ethereum Is Dominating An Important Metric

A recent report from Leon Waidmann, a market expert and head of On-Chain Foundation, reveals that Ethereum is dominating a crucial metric over Bitcoin. The recent flip highlights ETH’s growing momentum, probably fueled by its maturing ecosystem, rising institutional attention, and increasing network activity.

According to the market expert, Ethereum has overtaken Bitcoin in one of the most closely watched adoption metrics in the sector: the share of total supply held by Digital Asset Treasuries (DATs). As more corporate treasuries, investment companies, and blockchain-native businesses choose to retain ETH rather than BTC, the market is starting to reflect a new narrative.

Data shows that ETH treasury companies currently hold 4.3% of the total supply, which is higher than that of BTC at 3.6%. ETH’s surpassing BTC in this metric underscores a growing moment where the foundational role of Ethereum in the cryptocurrency ecosystem is translating into real, quantifiable institutional preference.

In the expert’s view, the surprising flip is completely logical. This is because ETH has more stakeholders with actual operational demands compared to Bitcoin. These include layer 2s, DeFi protocols, DAOs, Foundations, treasury companies, government experimenting with on-chain infrastructure, and countless web3 projects being built on Ethereum. Should this current trend continue to expand, Waidmann also foresees major stablecoin issuers showing interest in holding a strategic stake in the blockchain. 

Engagement Across The Leading Blockchain Is Decreasing

Since the recent pullback in ETH’s price, there has been a steady decline in activity across the network, an uncommon change for an ecosystem that usually leads the market in long-term activity. Waidmann reported that the weekly active wallet addresses in the ETH ecosystem have cooled down after months of heightened engagement.

As seen on the Ethereum Weekly Engagement chart, the number of active ETH wallet addresses is at over 8.2 million, falling from a peak of 20 million in June 2025. This decrease indicates a brief slowdown in user engagement with DeFi, NFTs, and on-chain transactions.

Presently, activity across the network has declined by more than 60%, and layer 2 interaction continues to hold. However, the overall usage of the ecosystem is clearly in a downward trend. Waidmann stated that this sharp drop is probably related to a cooling down in airdrop-farming activities throughout Layer 2s.

A significant portion of ETH is currently being withdrawn from crypto exchanges, signaling renewed conviction in the altcoin’s price prospects. ETH is being accumulated at a substantial rate. Over the past 30 days, 700,000 ETH have been moved out of exchanges. Merlijn The Trader noted that this kind of supply shock never appears to be bullish until the chart catches up. 

Bitcoin ATMs branded “Bankless Bitcoin” have been spotted inside busy shopping centers in Nairobi, including Two Rivers Mall and outlets along Ngong Road in Westlands.

According to local reports, the orange machines now sit beside conventional bank ATMs, offering quick cash-to-Bitcoin and sell options to mall visitors.

The presence of the kiosks has drawn attention because they arrived as Kenya’s new Virtual Assets Service Providers Act came into force on November 4, 2025.

Regulators Say No VASPs Licensed

A joint notice from the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) has stressed that neither agency has yet licensed any VASPs under the new law.

Based on reports, the National Treasury is still writing the detailed rules that will start the formal licensing process.

Until those regulations are released, the regulators warned that any firm claiming it is licensed is operating outside the law.

#keepspedn

Buy Bitcoin in Kenya at Two Rivers Mall ground floor next to Levi’s store, minimum purchase amount is ksh 1 the machine has been installed by @BanklessBitcoin and only accepts on chain deposit and withdrawals from any wallet.https://t.co/dWBXPz8V7H pic.twitter.com/HFlG1lUEpb

— Bitcoin Nairobi (@btcnairobi) November 16, 2025

Grassroots Use Preceded Mall Machines

Outside the shopping centers, crypto use has already been tested in low-income areas. Reports have disclosed that a fintech group, AfriBit Africa, began trial payments in Bitcoin in Soweto West, a part of Kibera, in 2022.

The project paid small grants after weekend clean-ups, and AfriBit says about $10,000 has been distributed so far. About 200 people in that community now use Bitcoin for savings or payments, and some local merchants and the so-called “boda boda” (border to border) motorcycle riders accept it.

For people who often lack ID or bank accounts, holding value in Bitcoin has been described as a form of financial freedom by project leaders, especially for those living on about one dollar a day.

ATMs Bring Quick Access And Big Questions

The kiosks make buying and selling crypto as simple as using a cash machine. That convenience also brings immediate concerns about their operators, the kind of identity checks they use, and how customer funds are handled after each transaction.

Those details are not clear from the public images and early reports. Price swings in Bitcoin mean someone can buy and then lose value quickly.

At the same time, regulators have said the law includes rules aimed at stopping money laundering and terrorist financing, and it names CBK and CMA as the joint supervisors responsible for oversight.

Regulatory Steps And Consumer Protections

The VASP Act sets out obligations for service providers once licensing begins, including measures to prevent illicit finance.

Based on reports, the law seeks to balance consumer protection with room for new services to operate under supervision.

The Treasury’s upcoming regulations will determine how strict KYC requirements will be, what transaction limits might apply, and how oversight will be shared between the two agencies.

Featured image from Capital News, chart from TradingView

Nvidia’s fiscal Q3 numbers didn’t just beat expectations, they detonated them.

Revenue came in at $57.01 billion, almost $2B above what Wall Street was pricing in, with a jaw-dropping $51.2 billion from data-center alone. AI spending isn’t easing off the accelerator; it’s compounding like a tech-market feedback loop on steroids.

And yes, that matters for crypto.

Bitcoin had slipped under $89,000 after a 27% drawdown from its $126K+ peak six weeks ago. But the moment Nvidia’s earnings hit, BTC snapped back above $91,000, and risk appetite started seeping back into the broader market.

Traders suddenly remembered that the so-called “AI bubble” looks a lot more like a structural capital cycle than a blow-off top.

The pattern is getting hard to ignore:

When AI infrastructure beats, digital assets catch a bid.

Through 2024 and 2025, the correlation between high-growth tech and Bitcoin has only tightened as both assets increasingly express the same macro trade, long compute, long scarce digital assets, short fiat dilution.

So the question isn’t just where Bitcoin goes next, it’s which parts of the crypto stack actually benefit from this returning liquidity. Capital is rotating into assets with real throughput, real user demand, and tangible cash-flow potential, not just shiny narratives.

That’s where programmable Bitcoin layers, multi-chain wallet ecosystems, and even high-octane meme assets start to separate.

Below, we look at three projects across that spectrum. One aims to fix Bitcoin’s structural limitations. One is positioning itself as the next major wallet-distribution and order-flow engine. And one is pure speculative beta packaged in meme culture, the kind that historically thrives when risk cycles flip from cautious to greedy.

Together, they outline how this next phase of the market could unfold across infrastructure, utility, and culture.

1. Bitcoin Hyper ($HYPER) – An SVM Execution Layer Built for Bitcoin’s Next Cycle

Bitcoin Hyper ($HYPER) positions itself as the first Bitcoin Layer 2 to integrate the Solana Virtual Machine (SVM), effectively grafting Solana-grade parallel execution onto Bitcoin’s settlement layer.

The pitch is simple but powerful: let Bitcoin handle security and finality, while an SVM-powered L2 processes everything that requires speed, throughput, and programmability.

That architecture directly targets Bitcoin’s three long-running frictions: slow block times, high fees during congestion, and limited support for complex applications.

Because the SVM stack has already proven itself at high throughput and ultra-low latency, Bitcoin Hyper aims to deliver sub-second performance to wrapped BTC payments, DeFi protocols, NFT platforms, and even gaming environments, without dragging interactions through 10-minute blocks.

A decentralized Canonical Bridge manages BTC flow between layers, while SPL-style token support and Rust tooling make it easier for Solana-native developers to deploy dApps that tap into Bitcoin’s liquidity without learning an entirely new stack.

Momentum on the fundraising side has been strong. The presale has now raised more than $28.1M, placing it among the larger early-stage Bitcoin L2 launches, with tokens currently priced at $0.013305.

Recent on-chain activity shows four whale wallets accumulating roughly $532K, including a $53K single purchase, a sign of early conviction from size-on-chain buyers.

Staking is set to open immediately after TGE, with a seven-day vesting period for presale allocations and a confirmed 41% APY, adding an income angle for early supporters.

Those looking to position early can explore how to buy $HYPER, while long-term analysts may want to revisit the latest Bitcoin Hyper price prediction to understand where the project could sit if demand for scalable BTC layers continues to build.

Join the $HYPER presale now.

2. Best Wallet Token ($BEST) – Wallet Distribution as a Leverage Point

If Bitcoin Hyper is a bet on Bitcoin becoming a high-performance settlement engine, Best Wallet is a bet on controlling the front door that users walk through to access that ecosystem.

Its pitch is bold: capture a massive share of the wallet market by the end of 2026 by merging security, presale access, liquidity routing, and a smoother user experience into a single interface.

The stack behind it is surprisingly serious. Best Wallet integrates Fireblocks’ MPC-CMP architecture at the wallet layer, the same institutional-grade key management used by major exchanges, then layers on portfolio analytics, presale discovery, and Rubic-powered DEX aggregation.

In a market where users hop between Bitcoin L2s, Ethereum rollups, Solana, and Base within the same session, routing matters. If a wallet controls where swaps, bridges, and presale entries originate, its native token can effectively tax that flow via fee rebates, yield boosts, or future governance over routing paths.

Traction has also been strong. The Best Wallet presale has raised $17.22M+ so far, with tokens currently priced around $0.025975.

Staking utilizes a dynamic APY model (currently 76%), adjusting rewards based on demand, lock durations, and liquidity conditions. This mechanism is designed to prevent runaway emissions and keep incentives responsive as volumes shift.

For traders, $BEST is less about chasing speculative spikes and more about owning optionality on order-flow capture.

If the next cycle brings another wave of retail onboarding as Bitcoin pushes toward or past its highs, the wallets that sit closest to user intent become some of the most leveraged positions in the ecosystem, and Best Wallet is aiming directly at that layer.

For traders mapping out the potential upside, our Best Wallet token price prediction offers useful context on how its market share ambitions could translate into value.

Explore Best Wallet’s roadmap and presale details.

3. SPX6900 ($SPX) – Meme Liquidity as a Sentiment Gauge

SPX6900 ($SPX) lives on the far end of the spectrum: a meme-driven ERC-20 that blends parody, market cynicism, and pure speculative energy into a single ticker.

It primarily runs on Ethereum but extends across Solana and Base via Wormhole, providing multichain liquidity and cross-community reach. Circulating supply sits near 930M SPX, supported by deflationary burn mechanics that lean into the “engineered scarcity” meme.

The token’s breakout moment came in early 2024 when it briefly crossed the $1.5B market-cap milestone before cooling toward the mid-hundreds of millions, still enough to hover near the top-100 bracket and sit shoulder-to-shoulder with established meme heavyweights.]

Its culture centers on satire, speed, and collective in-jokes rather than utility, but that’s precisely why traders watch it.

In risk-on windows, especially when AI stocks rip or Bitcoin reclaims momentum, SPX tends to act as a volatility amplifier. Liquidity often rotates from majors into meme assets with cross-chain presence, and SPX’s ties to Project AEON NFTs give it extra surface area for speculative flows.

Track SPX6900 across major exchanges and analytics dashboards.

Recap: Nvidia’s blowout $57.01B quarter has flipped the switch back to risk-on, and Bitcoin’s rebound above $91,000 is already pulling liquidity toward higher-beta opportunities. In that environment, the market isn’t just chasing momentum; it’s reallocating toward projects aligned with where this cycle is actually heading. Bitcoin Hyper, Best Wallet, and SPX6900 sit on three different branches of that tree: programmable Bitcoin infrastructure, wallet-layer distribution, and pure meme-driven beta. But it’s Bitcoin Hyper’s SVM-powered execution layer that stands out, bringing smart contracts and high-speed throughput directly into Bitcoin’s orbit just as demand for scalable BTC-aligned platforms accelerates.

Explore Bitcoin Hyper now.

This article is informational only and does not constitute financial, investment, or trading advice of any kind.

Authored by Bogdan Patru, Bitcoinist – https://bitcoinist.com/nvidia-bitcoin-rebound-best-crypto-to-buy-now-bitcoin-hyper

La strategia aggressiva su Bitcoin di Michael Saylor è finita sotto la lente d’ingrandimento dopo il recente crollo del mercato. Si rincorrono le speculazioni sul futuro della sua azienda, MicroStrategy (MSTR), e sul destino del suo enorme tesoro in BTC se la principale criptovaluta dovesse continuare a scendere.

Peter Schiff: “MicroStrategy fallirà comunque”

Il noto economista Peter Schiff ha lanciato un attacco durissimo su X (ex Twitter), definendo l’azienda di Saylor una “truffa” e prevedendo che finirà in bancarotta, a prescindere da cosa farà il prezzo di Bitcoin.

Ma perché c’è tanta preoccupazione? Il motivo è tecnico, ma cerchiamo di comprenderlo nel modo più semplice possibile:

Immaginate MicroStrategy come una cassaforte piena di Bitcoin.

• In passato (Situazione Normale): Gli investitori si fidavano così tanto di Saylor che erano disposti a pagare le azioni dell’azienda più del valore dei Bitcoin contenuti nella cassaforte. Questo si chiama “pagare un premio”.
• Cosa sta succedendo ora: La situazione si è ribaltata. Il valore delle azioni in borsa è sceso al di sotto del valore effettivo dei Bitcoin che l’azienda possiede.

Perché è un brutto segno?

È come se qualcuno vendesse una scatola contenente 100€, ma chiedesse solo 90€ per comprarla. Quando il mercato “sconta” così tanto il prezzo di un’azienda, significa che gli investitori vedono rischi enormi all’orizzonte e non credono più che la strategia di Saylor sia sostenibile. Schiff sostiene che questo sia l’inizio della fine per il modello di business dell’azienda.

Acquisti record nonostante le perdite

Con il mNAV ora scambiato sotto la parità (sotto a 1), crescono i timori sulla tenuta dell’azienda in un mercato ribassista prolungato. La scorsa settimana, Arkham Intelligence aveva suggerito che Saylor stesse vendendo BTC, voci che il CEO ha prontamente smentito come false.

Al contrario, Saylor ha rilanciato: ha dichiarato che l’azienda ha acquistato Bitcoin ogni giorno la scorsa settimana, confermando la notizia con l’annuncio di un acquisto massiccio da 835 milioni di dollari. Si tratta dell’operazione più grande da luglio (quando comprarono 2,46 miliardi in BTC).

Il problema? Il prezzo. Questi ultimi acquisti sono stati effettuati a un prezzo medio di $102.171, ben al di sopra delle quotazioni attuali.

Questo ha portato una fetta significativa delle riserve di MicroStrategy in rosso. Secondo i dati di CryptoQuant:

• Il 43% dei Bitcoin detenuti dall’azienda è attualmente in perdita.
• Il 57% è ancora in profitto.
• Il prezzo medio di acquisto dell’intero portafoglio si attesta ora a $74.433.

Bitcoin potrebbe scendere sotto il prezzo medio di carico?

Il veterano del trading Peter Brandt ha lanciato un avvertimento severo: Bitcoin potrebbe crollare sotto i $50.000.

Se ciò accadesse, l’intero portafoglio di Saylor finirebbe sott’acqua (in perdita). Brandt ha spiegato che la recente violazione del trend parabolico rialzista suggerisce una correzione profonda, che metterebbe a dura prova la resilienza di MicroStrategy.

Se il prezzo di BTC dovesse scendere sotto la media di acquisto dell’azienda ($74.433) e rimanerci, i rischi diventerebbero concreti:

• Dom Kwok, esperto crypto, sostiene che l’azienda potrebbe essere costretta a vendere BTC per pagare gli interessi sul debito. Ha sottolineato che le “treasury companies” non possono operare a lungo quando il mNAV scende sotto a 1, rischiando l’insolvenza.
• L’analista Mana ha rincarato la dose, avvertendo che il mercato sta per assistere al “crollo di MicroStrategy”, consigliando agli investitori di scaricare le azioni MSTR mentre gli utili dell’azienda soffrono.

Al momento della scrittura, Bitcoin ha mostrato un segnale di ripresa, scambiando intorno ai $91.800, in rialzo nelle ultime 24 ore secondo i dati di CoinMarketCap. La partita tra Saylor e il mercato è ancora aperta.

 

Keanne Rodriguez, co-founder of the cryptocurrency mixer Samourai Wallet, was sentenced to five years in prison on November 7th. Following this, on November 19th, co-founder William Hill received a four-year prison sentence for their roles in facilitating illegal transactions through their platform.

Samourai Wallet Founders Charged

According to the US Attorney’s Office for the Southern District of New York, Samourai Wallet was implicated in enabling over $237 million in illicit transactions. 

Rodriguez, serving as the Chief Executive Officer, and Hill, the Chief Technology Officer, participated in a conspiracy that operated as a money transmitting business, knowingly transmitting criminal proceeds, according to the complaint. 

The funds laundered through Samourai were linked to various criminal activities, including drug trafficking, cyber intrusions, fraud, operations in sanctioned jurisdictions, murder-for-hire schemes, and a child pornography website.

Prosecutors alleged that both Rodriguez and Hill actively promoted Samourai to criminal users and encouraged illegal activities. Hill marketed the mixer as a service for transmitting criminal proceeds on Dread, a darknet forum where discussions around illegal activities are common. 

In one exchange, a user sought advice on how to make their Bitcoin (BTC) “untraceable” and “clean.” Hill suggested that Samourai’s Whirlpool feature was a superior option compared to its competitors for such purposes. 

Similarly, in an X (previously Twitter) interaction back in July 2020, Rodriguez encouraged hackers to “feed” their gains into Samourai’s Whirlpool, expressing disappointment when those hackers opted for a different mixing service.

‘Money Laundering For Bitcoin’

Evidence presented in court indicated that both defendants were well aware that Samourai Wallet was being used for money laundering. In a WhatsApp conversation, when asked about the concept of “mixing,” Rodriguez described it as “money laundering for Bitcoin.” 

Furthermore, the company’s marketing materials acknowledged that their customer base would include individuals from “Dark/Grey Market participants” seeking to move proceeds from illicit activities.

Alongside their prison sentences, Rodriguez and Hill were each given three years of supervised release and fined $250,000. They also agreed to forfeit little over $6.3 million, representing the fees generated by Samourai Wallet, as part of a forfeiture order that totals more than $237 million in traceable criminal proceeds.

“The sentences handed down to the defendants serve as a stern warning that laundering known criminal proceeds—no matter the technology used or the form of the assets—will incur serious legal repercussions,” stated US Attorney Nicolas Roos. 

He emphasized the detrimental effects that money laundering services have on victims, making it nearly impossible to recover stolen funds. 

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

Quick Facts:

• $XRP’s recent volume acceleration, from $118K to $2.8M, signals institutional-style positioning rather than casual retail flows.
• If $XRP pumps above $2.16 and retains momentum, a sustained bull run may follow; if not a crash below $1.94 could follow.
• PEPENODE ($PEPENODE) introduces a mine-to-earn memecoin model, using virtual Miner Nodes and gamified rewards to replace hardware-based mining complexity.
• The presale is at over $2.1M so far, with a token price of $0.0011546 and staking rewards of 594%.

Crypto researcher Ripple Bull Winkle has flagged a structural shift in XRP flows that traders can no longer ignore.

Spot volume, which sat around $118K during periods of quiet accumulation, recently spiked to $2.8 million, then stabilized near $1.4 million per day.

That is not retail noise. That is a coordinated size.

For months, $XRP was a slow grind story. Larger wallets added incrementally during chop, using volatility as cover. Now, the tape looks different. Order books show thicker bids, aggressive market buys, and stacked open interest on derivatives venues.

When accumulation turns into velocity, it usually means one thing. A larger player, or set of players, is positioning for a scenario where $XRP breaks out of its range and drags liquidity across the majors and high-beta altcoins.

If that move materializes, capital rarely stays confined to the parent asset. It fans out into satellites: leveraged perps, small-cap narratives, and memecoins that can move 5-10 times faster.

That is where newer experiments like PEPENODE ($PEPENODE) start to matter.

The project sits at the intersection of two proven, reflexive trades: memecoins and mining incentives, and aims to remove the usual hardware and complexity barriers.

If XRP’s renewed energy spills into the long tail, miners without rigs and casual meme traders will look for accessible, gamified yield.

Buy your $PEPENODE on the official presale page today.

How An XRP Liquidity Wave Resets The Altcoin Playbook

When a large-cap asset experiences an xrp price surge in both volume and participation, correlations across the alt complex tighten. You see beta clusters form.

High-liquidity majors like $ETH and $SOL move first, then capital cascades into riskier plays that can outperform on a percentage basis.

$XRP could follow a similar path if it manages to reclaim and retain momentum above $2.16. If not, a crash to $1.94 could follow. Right now, the token trades at $2.12.

Fortunately, the coin shows signs of recovery, despite investors remaining bearish for the time being and turning their attention to more utility-based meme coins.

This is where the mine-to-earn niche is emerging. Instead of requiring GPUs or ASICs, it abstracts mining into software or game mechanics. Users spin up virtual miners, upgrade digital infrastructure, and receive rewards in meme-denominated assets.

Within that landscape, PEPENODE ($PEPENODE) is one of several experiments. Others focus on browser-based mining or social tasks. Some lean heavily into staking multipliers.

PEPENODE stakes its identity on binding virtual mining, tiered node power, and meme rewards like $PEPE and $FARTCOIN inside a single Ethereum-native ERC‑20 ecosystem.

You can buy your $PEPENODE off the official presale page today.

PEPENODE’s Mine‑to‑Earn Design And What The Market Is Pricing In

Zooming in, PEPENODE ($PEPENODE) frames itself as the “world’s first mine-to-earn memecoin,” but the more interesting angle is infrastructure. It tries to turn mining from a hardware arms race into a virtual, on-chain participation market living on Ethereum proof of stake.

Instead of buying GPUs, users acquire and customize tiered Miner Nodes, which are represented within the protocol.

Early adopters can secure more powerful configurations that, according to the design, carry higher reward coefficients over time.

Presale flows suggest that investors are willing to underwrite that optionality.

At the time of writing, the $PEPENODE sale has raised over $2.1M, with a token price of $0.0011546. For a project still pre‑gameplay, that is a meaningful vote of confidence in the model and the meme.

As a result, a realistic price prediction for $PEPENODE puts the token at $0.0072 in 2026, which would deliver an ROI of 523% based on today’s price.

Importantly, the model does not rely solely on passive holding. During the presale phase, buyers can stake tokens for a mouth-watering APY of 594%, reinforcing the “mine-to-earn” narrative before the full virtual mining suite launches.

Once live, rewards become more granular. Node power, facility upgrades, and in‑game decisions all influence yield.

If the $XRP-driven rotation into higher beta assets accelerates, projects like PEPENODE ($PEPENODE) that combine a familiar meme wrapper with a clear, gamified participation engine look well-positioned. Which means this is the perfect time to read our guide on how to buy $PEPENODE.

Visit the presale page and buy your $PEPENODE today.

This article is informational and educational only and should not be considered financial, investment, or trading advice.

Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/xrp-price-surge-altcoin-rotation-pepenode-mine-to-earn

XRP traders were stunned after a single one-minute candle on Kraken’s XRP/USD pair showed price exploding to a high of $90.13 and collapsing to a low of $0.00286, before snapping back to around $2.179. The bizarre spike-and-crash sequence appeared only on Kraken, turning the candle into an instant talking point across the community.

Community member Kevin Cage was among the first to flag the anomaly, posting the chart on X with the comment: “XRP just got a super weird flashwick on Kraken and triggered my alerts..” The wick immediately raised questions, as the token on other major exchanges continued to trade normally around the $2 region with no corresponding move.

Has XRP ‘Really’ Hit $90?

In a widely shared response, community member Jay Grissom (@jfgrissom) offered a microstructure-based explanation. His summary was straightforward: “It could have been a really low volume order that was filled at a high price as part of [a] larger limit order.” Rather than a genuine, liquid market repricing, he framed the event as an artefact of how orders, cost basis and tiny trade sizes interact on an order book.

Grissom then “got on [his] cost basis is everything soap box” and used the token’s smallest unit, the “drop,” to illustrate the mechanics. One XRP equals one million drops, meaning you can trade extremely small fractions. If a trader buys just one drop, or 0.000001 XRP, for $0.01, then “technically” that micro-trade implies a price of $10,000 per token. On its own this looks absurd, but the notional size is only one cent.

He showed how that extreme micro-fill can vanish in the averages when embedded in a larger, normal-priced order. Suppose the same order also buys 5 XRP at $2.50 each, costing $12.50. Combined with the $0.01 spent on the single drop, the trader pays $12.51 for 5.000001 XRP.

The effective cost basis is about $2.502 per token. As Grissom put it, that single expensive drop “barely moves your average cost because it’s such a tiny fraction of your total holdings. You spent $0.01 on it versus $12.50 on everything else. The $10,000/token price point essentially disappears into statistical noise once it’s averaged against a meaningful position.”

What does not disappear is the trade print itself. Matching engines and charting systems still record the high and low of the candle at the exact prices where even dust-level trades occurred. In a thin order book, a handful of such anomalous fills is enough to generate a grotesque wick from sub-cent levels up to double-digit prices, even though the “real” market remains clustered near $2.

For traders, the Kraken episode is a textbook reminder that a dramatic candle on a single venue does not automatically signal genuine price discovery. Before treating a $90.13 high and a $0.00286 low as meaningful, it is essential to cross-check other exchanges and understand how tiny, irregular fills can distort low-timeframe charts in periods of fragile liquidity.

At press time, XRP traded at $2.146.

Stay Ahead with the Latest Insights of Today’s Trump Crypto News

Check out our Live Trump Crypto Updates for November 20, 2025!

US President Donald Trump is probably the most pro-crypto president in the world.

To name a few crypto initiatives proposed under his admin: the GENIUS and CLARITY acts, the crypto 401k initiative, the national US Bitcoin Reserve, and Trump’s dream to make the US the ‘crypto capital of the world.’

It’s not an exaggeration to call Trump the Crypto President. His Truth Social posts make or break crypto markets, and he’s even launched his own meme coin ($TRUMP).

Best of all, much of the current market’s bullish momentum is due to Trump’s pro-crypto agenda. Bitcoin and top altcoins have peaked thanks to his administration.

If you’re looking for the latest updates on Trump’s crypto policies before the market prices them, you’ve come to the to right place.

We update this page regularly throughout the day with the latest insider knowledge about Trump’s crypto moves. Keep refreshing to stay ahead of the pack!

Disclaimer: No crypto investment comes without risk. Our content is for informational purposes, not financial advice. We may earn affiliate commissions at no extra cost to you.

Historic XRP ETF Launch Meets PEPENODE’s Mine-to-Earn Spin on Trump Crypto

November 20, 2025 • 12:00 UTC

Bitwise’s new spot XRP ETF just hit NYSE Arca under the ‘XRP’ ticker, with a 0.34% management fee waived on the first $500M in assets for the first month, following Canary’s XRP ETF debut that saw $59M in day-one volume and $245M in net inflows.

That shift pulls XRP from pure exchange play into regulated portfolios, giving institutions cleaner exposure to a $2+ asset that still behaves like a high-beta macro hedge.

As these ETFs normalize crypto in traditional accounts, the next step for many investors is experimenting with on-chain yield that stays fully in crypto’s sandbox rather than in broker dashboards.

PEPENODE ($PEPENODE) rides exactly that angle as a ‘mine-to-earn’ memecoin built on Ethereum, where you buy virtual Miner Nodes and Facilities to simulate mining inside a gamified dashboard, earn boosted rewards as an early staker, and later compete on leaderboards for meme-coin bonuses.

With a community-first presale, no private rounds, smart contracts managing rewards, and $2.17M+ already raised at $0.0011546, you gain direct exposure to gamified yield that complements the ETF wave instead of competing with it.

Read our PEPENODE price prediction!

Dogecoin Whale Accumulation, Maxi Doge Presale, and the Next Trump Crypto Meme Wave

November 20, 2025 • 11:00 UTC

Dogecoin’s on-chain data just flipped net exchange position change back into positive territory, with price hovering around $0.158 near a 12-month support zone and trading at a 48% discount to September highs and roughly 80% below its all-time high.

Whales have scooped over $8 million worth of $DOGE spot in three days and opened more than $9 million in long positions, while open interest climbed from under $1.4 billion to $1.66 billion.

That mix of heavy discounts, sideways price action, and rising derivatives exposure usually signals renewed meme risk-on, but it doesn’t fix Dogecoin’s long-standing lack of utility.

Maxi Doge ($MAXI) is built as a response to that gap, keeping the Doge meme but adding real mechanics: an ERC-20 token with live staking, planned 100x–1000x leverage integrations, trading contests, and two independent audits confirming no mint functions, blacklists, or hidden taxes.

With $4.15M+ already raised at $0.000269, you get exposure to the same dog-coin liquidity cycle but with a product roadmap designed around speculation as a feature rather than a bug.

Here’s how to buy $MAXI right now.

From Tokenized Trump Hotels to SUBBD Token: Real-World Assets Meet Trump Crypto

November 20, 2025 • 10:00 UTC

Trump’s Maldives hotel deal with Saudi Arabia’s Dar Global is all about turning a luxury resort with roughly 80 villas into tokenized slices of ownership, so investors can get in at the development phase instead of waiting for ribbon-cutting day.

At the same time, Saudi Arabia has registered over 4,000 blockchain firms in 2025, grown that base by 51% year-on-year, and pushed $48 billion in crypto transactions across 3 million active users, while also planning a tokenized stock market.

That kind of scale shows tokenization isn’t a side quest anymore; it’s becoming the default way capital moves.

If you want exposure to that shift without tying everything to one region or property, SUBBD Token ($SUBBD) leans into the same on-chain ownership trend for the creator economy instead.

It powers a Web3 subscription and content platform, with staking, AI-driven creator tools, and audits backing the smart contracts, while its presale has already raised $1.35+ at just $0.056975 per token, leaving plenty of asymmetry if adoption ramps.

Read more about SUBBD Token in our guide.

AI-Fueled Nvidia Rally, Bitcoin Hyper Presale, and the Trump Crypto Rotation Trade

November 20, 2025 • 10:00 UTC

Nvidia just printed blockbuster Q3 numbers and helped pull $BTC back above $91,000 after a dip below $89,000, proving AI risk appetite is still very much alive even as a Bank of America survey shows 45% of fund managers see an AI bubble as the top market threat.

At the same time, the global crypto market has erased over $1T in value in six weeks, roughly a 25% drawdown, reminding you that high-beta narratives cut both ways.

When correlations between crypto and big tech climb, liquidity tends to favor infrastructure that can actually handle the next wave of throughput, not just fresh memes.

Bitcoin Hyper ($HYPER) targets that lane directly as a Bitcoin Layer-2 built on the Solana Virtual Machine, shifting $BTC from ~7 TPS to a high-throughput, seconds-level execution environment while a canonical bridge lets you deploy bridged Bitcoin into DeFi, NFTs, and gaming.

With security audits completed and $28.16M+ already raised at $0.013305, you’re effectively paying a presale price to front-run a potential liquidity rotation into Bitcoin scaling if the AI–crypto risk trade stays in play.

Buy $HYPER before the next price increase.

Authored by Ben Wallis, Bitcoinist — https://bitcoinist.com/trump-crypto-news-live-today-november-20-2025/

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 

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.

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