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Quick Facts:

• $BTC’s pushback above $106K arrived alongside Senate progress on ending a 40-day US shutdown, improving near-term risk tone.
• A shutdown resolution may not confirm the approval of crypto laws, but it removes a drag on sentiment and refocuses markets on flows and adoption.
• Bitcoin Hyper targets Bitcoin-native speed and smart contracts via SVM execution, ZK anchoring, and a trust-minimized bridge design.
• The $HYPER presale reports over $26.4M raised with its staking reward APY at a tidy 44%, tapping into the growing FOMO around its upcoming Bitcoin Layer 2.

Bitcoin popped its head above $106K, just as the US Senate advanced a deal that could end a record 40-day federal shutdown, easing one of the heaviest macro headwinds of the past month.

The momentum looks policy-linked, not purely technical.

Over the weekend, senators cleared a key procedural hurdle on a short-term funding package, with further steps still needed before the lights are fully back on.

The macro fog has been brutal on the crypto market over the last few weeks. US policy remains the single biggest sentiment lever for crypto, and the impasse disrupted the legislative calendar and dulled some of 2025’s policy wins.

A path to reopening might not pass a crypto bill tomorrow, but it reduces headline risk and lets the narrative rotate back to adoption and flows. If the shutdown resolution sticks, the near-term liquidity backdrop improves, and with it the odds that $BTC holds above the psychological $100K line.

For traders watching risk rotations, that brings one sector back into focus: crypto infrastructure projects. These altcoins have a better chance of holding up and driving the next growth wave once volatility settles, as they’re building the underlying tools and systems for the wider market.

And that’s where the best presales of this season, like the Bitcoin Layer 2 solution Bitcoin Hyper ($HYPER), enter the picture.

Bitcoin Hyper ($HYPER) Aims to Bolt SVM-Speed Onto Bitcoin-Grade Security

Bitcoin Hyper is building a Bitcoin Layer 2 using the Solana Virtual Machine for high speed and programmability.

This is how the model works:

• Deposit $BTC,
• Mint an equivalent amount of wrapped $BTC on the Layer 2,
• Transact with near-instant finality and low fees,
• Batch, prove, and commit back to the mainnet.

If you’re tired of clog fees and 10-minute confirmations, you get why that could matter. The project’s site outlines the bridge, SVM execution layer, and ZK commitments as core design pillars.

Utility-wise, the scope goes beyond payments. The team leans into Bitcoin-native DeFi, faster merchant checkout, and even room for best meme coins and play-to-earn projects to spin up inside the Bitcoin orbit without inheriting the Layer-1 latency.

The direction lines up with the broader ‘Bitcoin as a settlement base + expressive L2s’ thesis that has gathered momentum all year. If the shutdown resolution steadies risk, the appetite for Bitcoin-adjacent infrastructure tends to improve with it.

For those who believe the next leg of adoption pulls more activity natively into Bitcoin’s gravity well, L2s that can credibly compress fees and time-to-finality deserve a spot on the watch-list.

According to our Bitcoin Hyper price prediction, the project’s native crypto $HYPER could very well surge some 2000% post-listing, so snag your Bitcoin Hyper now.

The $HYPER Presale is Racing Ahead With $26.4M Raised

Bitcoin Hyper is one of the best cryptos to buy now, considering the utility narrative and timing.

The macro window and the low presale prices make it an altcoin not to miss this week. The fast-moving presale, which has already broken past $26.4M, suggests real traction with retail.

Read our How to Buy Bitcoin Hyper guide for detailed instructions on joining the presale.

Currently, the token is selling for $0.013245 per unit, placing it squarely in the retail-friendly bracket typical of infra-narrative presales. The staking rewards at 44% APY are also too juicy to ignore. Additionally, they will smooth the holder behavior after the TGE and subsequent exchange listings.

If Washington finalizes a shutdown fix and $BTC holds above $100K, the $HYPER token could take off on its turbocharged debut listing. Even if the deal falls through, it’s best not to wait to grab the token, as the next price surge is just a day away.

Join the $HYPER presale today.

This article is for information only, not financial advice. Crypto is volatile; presales carry heightened risk and limited liquidity windows.

Authored by Bogdan Patru, Bitcoinist, https://bitcoinist.com/bitcoin-106k-us-shutdown-deal-bitcoin-hyper-presale/

With a brief bounce on Sunday, the price of Bitcoin is now holding above the $106,000 mark, signaling a potential bullish week ahead for the flagship cryptocurrency asset. Meanwhile, BTC early investors or dormant whales are starting to return to the market, dumping their holdings at a rapid rate in a period where sentiment remains uncertain.

Ancient Bitcoin Wallets On The Move

Bitcoin’s quiet giants are stirring up once again, and the market is taking notice of the return of these key investors. Currently, there is a notable wave of activity observed among long-dormant BTC wallets, with old whales transferring coins that haven’t moved in years.

As reported by Darkfost, a market expert and author at CryptoQuant, these large investors are steadily returning to the market, and their selling pressure is rising. According to the market expert, a significant amount of these investors are waking up and selling “simply because they can now.”

When the network’s most patient investors are transferring and selling portions of their stash, it often signals a shift in sentiment among these early-era holders. Regardless of the reason, the resurgence of old Bitcoin supply is becoming one of the most significant on-chain signals for the market this week.

Darkfost highlighted that selling large amounts of BTC has never been simpler than they are now. Interestingly, it was far harder to extract substantial liquidity from the market in earlier cycles. This is due to the fact that the market capitalization was much lower, and there was no institutional demand, Bitcoin Spot Exchange-Traded Funds (ETFs), Digital Asset Treasuries (DATs), or even certain governments involved.

As of today, these early large holders can now leave the market with greater ease, and this distribution stage is crucial. Now, if we take a broader view and zoom out, we can see that whales are still building up in this cycle. At this point, it means that the 1-Year Change in Whale Holdings has been rising since 2023. While this is a long-term view, a larger picture in a bit on the short-term activity shows there is some movement. 

Whales Holdings Dropping Alongside BTC’s Price

Following a robust month of August, whale holdings have fallen sharply from 398,000 BTC to about 185,000 BTC in October, just as the price of BTC was breaking above the $123,000 level. Meanwhile, accumulation has resumed since then, and the holdings of these investors have moved up to 294,000 BTC as of November 7.

As a result, even while some whales appear to be exiting the market, new ones are entering it, and the players that are already there are still growing. Some whales continue to increase their exposure over the medium to long term, and the current trend differs greatly from the distribution phase that occurred at the end of the 2021 cycle. Presently, the price of Bitcoin is trading at $106,323 after rising by nearly 5% in the past day.

Quick Facts:

• Solana’s weekend DEX volume cleared $5B while stake rose by around 2.9M $SOL.
• Persistent gains in Solana’s DEX share suggest a structural shift that favors wallets with strong $SOL and cross-chain routing.
• Best Wallet bakes Fireblocks MPC, a DEX aggregator, and presale access into one app.
• $BEST’s presale sits near $0.025925, raising over $16.9M with dynamic staking rewards of 77%.

Solana had a massive weekend. DEX volume on the network blew past $5B, overtaking Ethereum and BNB.

Solana trading volume surged to roughly $5.11B in 24-hour volume, exactly the kind of activity that tends to reset where traders put their money when markets are jumpy. That shift matters for traders as a chain that wins flow usually wins mindshare next.

It wasn’t just manic swapping, though. Staking gauges flickered higher too, with data pointing to a 2.9M $SOL increase in stake over the same stretch, nearly $475M at weekend prices, tightening circulating supply. That’s a small but telling signal: risk may be choppy, yet capital isn’t bolting for the exits; it’s retooling on-chain.

For a wallet-centric investor, that means user experience (UX) around Solana and cross-chain liquidity isn’t a nice-to-have; it’s an essential.

That is where Best Wallet and its token, Best Wallet Token ($BEST), come into focus. A multi-chain, mobile-first wallet that already integrates Solana and comes complete with a built-in DEX aggregator. Best Wallet and $BEST Builds Solana-First Utility Into a Multi-Chain App

Best Wallet’s whitepaper reads like a checklist for this exact moment:

• It’s non-custodial.
• It uses Fireblocks MPC security, so you know it’s serious.
• It has a built-in DEX aggregator (via Rubic) spanning 300+ DEXs and 30 bridges, with explicit Solana support. alongside Ethereum, BNB Chain, Polygon, Base, and more.

Best Wallet Token’s ($BEST) role isn’t just decoration; it has real utility. You get reduced in-app fees, early access to curated presales through an ‘Upcoming Tokens’ portal, and staking rewards of up to 77%.

It’s utility that meets you where you already trade.

Let’s face it, we all want life to be simpler, and that includes our finances and trading. By having everything in one place, Best Wallet gives that to you.

But sometimes, when things seem too good to be true, it raises red flags. Well, here are two extra points about Best Wallet and $BEST that should give you some extra peace of mind:

1. We clearly know who the issuer is (Best Wallet EOOD, Bulgaria).
2. There is a Coinsult audit of the $BEST smart contract.

Having a clear issuer and a third-party audit doesn’t eliminate risk, but it definitely sets a good baseline for a token connected to a live app. For anyone tracking where smart money is moving, that’s a credible starting point.

Want in on the Best Wallet ecosystem? We’ve got you covered in our ‘How to Buy Best Wallet Token’ guide. Presale Math and Incentives: Over $16.9M Raised, Dynamic Staking Around the High-70s

The $BEST presale is doing well because it has a compelling story and strong mechanics. Right now, $BEST has raised over $16.9M, showing strong investor and retail support.

Holders get access to innovations from the Best Wallet ecosystem. The upcoming Best Card, for example, will enable you to spend your crypto anywhere that accepts Mastercard, and get cashback too!

As for staking, 8% of the total supply is set aside for these rewards. These high APYs are an incentive to get you in early, but the key is that they get you to use the product, getting those fee reductions, early token allocations, and generally driving on-chain activity.

The token setup is simple: $BEST is an ERC-20 token with a 10B supply, and the allocations are public. The presale process is super easy: buy in-app or on the site, you can stake right away, and claim tokens at the end.

If Solana’s market share keeps climbing, a wallet token that benefits from both $SOL usage and easy cross-chain swaps is in a very sweet spot. Our experts predict that $BEST could reach $0.072 by the end of 2025, giving you a potential return of 177%.

Join the $BEST presale today for $0.025925.

Remember, this is not intended as financial advice, and you should always do your own research before making any investments.

Authored by Ben Wallis, Bitcoinist – https://bitcoinist.com/solana-5b-dex-volume-best-wallet-token-16m-presale

A Washington deal is giving fresh life to global markets, and crypto traders are cautiously optimistic after weeks of turmoil. Relief is sweeping through digital assets, stocks, and futures amid the recent move to end the US government shutdown.

Senate Moves To End Shutdown

The US Senate has reportedly advanced a funding measure that will keep the government running until January 30, 2026, while reinstating some federal employees affected by the shutdown.

After 40 days of a partial government shutdown that caused problems with food aid, air travel, and public services, US senators and the White House have finally reached a deal to reopen the government, likely bringing an end to one of the longest shutdowns in recent years.

The measure would prohibit federal agencies from ending the job contracts of employees until January 30, a welcome move for federal worker unions and their allies. It would stall US President Donald Trump’s campaign to trim down the federal workforce.

The debate in Congress came as Trump again called on Sunday to replace subsidies for the Affordable Care Act’s health insurance marketplaces with direct payments to individuals. Those subsidies, which helped boost ACA enrollment to 24 million since 2021, are a key reason behind the shutdown. Republicans say they’re willing to talk about the issue, but only after government funding is back in place.

Relief For Crypto

The markets reacted soon after. Bitcoin had tumbled below the $100,000 mark for the first time earlier this week but is now back above $106,000. Ethereum surged around 6% while XRP gained about 8%. Yet the measure still needs final approval from the House and the president’s signature before taking effect.

A Roller-Coaster Month For Bitcoin

According to CoinGecko data, Bitcoin first surged to a new all-time high of $126,080 six days into the government shutdown on October 6. But that rally was short-lived. The world’s largest cryptocurrency has since plunged more than 17% to trade around $105,000 as of Monday.

Its most drastic slide occurred on October 10, when prices plummeted by double digits following an announcement that the US had levied 100% tariffs on China; a move that rattled investors and triggered heavy selling across both traditional and digital markets.

Short-Term Lift For Risk Assets

Reports have revealed that the Senate’s action brought a wave of optimism to markets hungry for clarity. Crypto futures trading volumes rose and funding rates flipped positive as traders bet on a short-term rebound.

But analysts warned such rallies often dissipate quickly. Many described the market reaction as “relief buying” rather than any shift in long-term fundamentals. Restoring economic data releases — including labor reports and federal spending figures — could help recalibrate expectations for Federal Reserve rate decisions, which remain a major driver for cryptocurrencies.

Market watchers are now focused on two things: the final passage of the shutdown bill and whether the upcoming US economic data will confirm the signs of cooling inflation. If both events align, then risk assets, including Bitcoin, might have a more stable recovery.

The deal talk has provided a temporary respite after weeks of uncertainty. Yet the market’s recent swings show just how fragile confidence remains in the face of politics, tariffs and global tension.

Featured image from Radu Florin on Unsplash, chart from TradingView

Stay Ahead with Our Timely Insights of Today’s Next Crypto to Explode

Check out our Live Next Crypto to Explode Updates for November 10, 2025!

Crypto is so unthinkably huge at the moment, a nearly $4 trillion industry that’s aiming for world domination.

Recent headlines talk of Circle and Mastercard planning to add USDC to global payment systems, Ethereum and Bitcoin treasuries in the billions of dollars, and Google building its own blockchain.

Bitcoin has an all-time growth of over 180,000,000%, Dogecoin over 43,000%, and some of the newest presale coins often pump 10x, 100x, or even 1,000x on rare occasions.

Explosive potential is probably the single best description for what we’re seeing today in crypto.

Quick Picks for Coins with Explosive Potential

Bitcoin Hyper ($HYPER) - Real-Time Layer-2 Solution for Scaling Bitcoin Launch: May, 2025 Join Presale Maxi Doge ($MAXI) - High-Impact Meme Coin Built On Strength, Staking & Conviction Launch: July, 2025 Join Presale PepeNode ($PEPENODE) - A New, Gamified Way to Mine to Earn Meme Coin Rewards Launch: February, 2025 Join Presale Snorter Token ($SNORT) - Lowest-Fee Telegram Trading Bot for Solana and Ethereum Launch: May, 2025 Join Presale Best Wallet Token ($BEST) - Get Easy, Early Access to New Curated Presale Projects Launch: November, 2024 Join Presale

If you’re looking for the most recent insights on the next crypto to explode, stay tuned. We update this page frequently throughout the day, as we get the latest and greatest insider insights for chart sniffers and traders looking for the next coin to explode.

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. Best Wallet Token Might Be the Next Crypto to Explode After Market Rally

November 10, 2025 • 10:00 UTC

Bitcoin surged past $106K and Ethereum climbed above $3.6K as reports emerged that the 40-day U.S. government shutdown was nearing its end.

$XRP and Solana also jumped approximately 6%, signaling renewed investor confidence across major cryptocurrencies.

While established cryptos rally on macroeconomic relief, presale opportunities like Best Wallet Token ($BEST) could offer exponential upside as the next crypto to explode during the market recovery phase.

Having already raised over $16.9M, the token is now available at $0.025925.

Best Wallet ecosystem combines portfolio management, swaps, and presale access in one platform, positioning it to capture the growing crypto adoption.

With Bitcoin still 15% below its October record high and ETF outflows totalling over $2.1B during this longest shutdown, early-stage projects like Best Wallet Token could benefit from renewed capital inflows and risk-on sentiment.

Check out the Best Wallet Token price prediction.

Could Bitcoin Hyper Be the Next Crypto to Explode After Trump’s $2K Tariff Announcement?

November 10, 2025 • 10:00 UTC

Markets are surging after President Trump announced $2K tariff dividends for every American. Bitcoin jumped 2% to $103.7K, while the total market cap climbed to $3.5T.

With thousands of dollars potentially hitting American wallets, investors are searching for high-growth opportunities beyond mainstream coins.

Bitcoin Hyper ($HYPER) could capitalize on this perfect storm of market momentum and fresh capital inflows and become the next crypto to explode.

The project has already raised over $26.4M and combines Bitcoin’s brand recognition with enhanced utility features designed for the next generation of crypto adoption.

With investors already making purchases of $379.9K and $274K, Bitcoin setting new price records, and a price of only $0.013245 per token, positioning now in the Bitcoin Hyper presale could multiply those government checks significantly.

Check out our in-depth Bitcoin Hyper review.

Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/next-crypto-to-explode-live-news-today-november-10-2025

Quick Facts:

• Markets cheered Trump’s $2K ‘tariff dividend’ idea, reviving risk appetite and fueling speculation, despite nothing official yet.
• Trump’s announcement brought the meme market into the green, with $DOGE recording a 6% boost following the news.
• Maxi Doge (MAXI) combines meme energy with on-chain staking, contests, and a fixed supply design, aiming to smooth early post-listing flows.
• $MAXI raised over $3.9M in presale, and it’s still going; investors could secure an ROI of 2,068% in 2026 based on $MAXI’s current presale price.

Markets just caught a jolt of liquidity optimism. In a Sunday flurry, President Trump said most Americans would get a ‘tariff dividend’ of at least $2K, and equities and crypto promptly perked up.

Analysts frame the move as a spark for risk-on appetite, with traders treating a potential cash transfer like a fresh retail stimulus. That shift matters for the most volatile corners of crypto. It pulls sidelined capital back toward narratives with torque, meme coins included.

The tape reacted fast. Dogecoin ticked higher as the token put on 6% in clean muscle following Trump’s announcement.

Momentum is still fragile, but policy-linked upside has a way of reviving speculative flow, even before details harden.

That’s the key tell for you: in a market hunting for catalysts, perception often front-runs policy.

There are caveats. The Wall Street Journal underscored that any $2K payout likely requires Congressional approval and may face legal scrutiny, so this isn’t a guaranteed check in your mailbox.

Still, the narrative alone can juice positioning. When liquidity hopes improve, traders rotate down the risk curve, and the ‘best meme coins’ conversation gets louder. This is especially true for presales with clear mechanics and on-chain utility hooks.

Enter Maxi Doge ($MAXI), a gym-bro meme with on-chain staking and contests that’s already closing on a $4M presale tally. The setup fits the moment. Maxi Doge ($MAXI) Turns Culture Into On-Chain Staking and Competitions

Maxi Doge ($MAXI) isn’t trying to be a payments coin; it’s bottle-rocket culture turned product.

The whitepaper puts utility into three buckets: a staking pool with automated distribution, holder-only trading contests with leaderboards, and partner-driven events geared toward perp platforms.

The token runs as an ERC-20 on Ethereum, with Uniswap V3 listings indicated post-presale and CEX talks flagged as ongoing. For traders watching risk rotations, that’s the right mix: fun first, then repeatable engagement loops.

Security boxes? The project’s site displays audits by SolidProof and Coinsult and routes purchases through a third-party widget, which recommends the project as safe for investors.

Token economics are straightforward: a fixed 150.24B supply with large slices earmarked for marketing and a ‘Maxi Fund’ to push listings and growth, plus a capped staking allocation that funds the reward pool for up to a year.

High APYs often hint at bootstrapping, not durable yield; the structure here at least tells you where rewards come from and for how long. Read the docs and size positions accordingly.

Maxi Doge — $3.9M Raised, 78% Staking Live, Unlimited Meme Potential

Maxi Doge successfully raised over $3.96M with the token priced at $0.0002675, positioning $MAXI as one of the best meme coins of 2025. If ‘tariff dividends’ add even a sliver of fresh retail funds, that’s the kind of liquidity impulse that tends to spill into active presales first.

The project brings a heavy dose of unhinged meme value, advertising for 1000x leverage, no safety nets, and a Red Bull-fueled trading rampage that could help you retire by 22.

$MAXI is everything Dogecoin intended to be: the official mascot of terminally online degen traders who share the same goal – get rich or keep trading until it happens.

The result is expected: an ecosystem with unlimited meme potential, fueled by community hype.

Based on this, our price prediction for $MAXI puts the token at $0.0058 in 2026, which translates to an ROI of 2,068% if you invest at today’s price.

If we’re going by raw numbers, we could position Maxi Doge ($MAXI) among the best crypto presales of 2025, and this is without counting Maxi’s meme energy and its ability to rally the community.

This is not financial advice. Do your own research before investing.

Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/trump-2k-dividend-best-meme-coins-maxi-doge-presale

Cardano founder Charles Hoskinson used a weekend update from “up here at the clinic” in Wyoming to move the quantum-computing debate from speculation to planning. Framing DARPA’s Quantum Benchmarking Initiative (QBI) as the turning point, he said, “finally, finally, finally, we have an objective source of truth,” adding that “as of November 6, 2025, DARPA has selected 11 companies to enter the second stage […] which aims to rigorously verify and validate whether any quantum computing approach can achieve utility scale operation […] by the year 2033.”

DARPA Advances 11 Quantum Teams

He emphasized that QBI is designed to separate “fact from fiction about quantum computers,” and relayed the program manager’s stark split among experts: “Half of them are convinced that quantum computing is going to be the best thing since sliced bread […] and the other half are convinced that even if you could build a quantum computer, which you definitely won’t be able to do, it’s never going to be more useful than your laptop.”

The point of QBI, as the manager put it in the clip Hoskinson played, is to answer two questions: “if I had a really powerful quantum computer, what could I do with it?” and “is there a […] group that has a path to really build that kind of machine in the near term […] in the next 10 years?”

The Cardano founder walked through QBI’s staged process. “During the six month Stage A […] you are a quantum computer builder […] you spend six months answering every question they can throw at you […] and at the end of all of it, they say, ‘actually, there’s some merit.’” Stage B, he said, is “a rigorous one-year plan” where “you’ve opened the kimono and they’re taking a look at your quantum computing design.”

Stage C is the hardware trial: “work with the government to verify and validate that the utility scale quantum computer concept can be constructed as designed and operated as intended,” meaning “they’re actually going to watch you run it” on “objective problems.”

He named the 11 companies that, in his account, survived Stage A and entered Stage B—“Atom Computing in Boulder, Colorado […] IBM, IonQ, Nord Quantique, Photonic, Quantinuum […] Quantum Motion, QA Computing, Silicon Quantum Computing and Xanadu”—and highlighted that “there’s no canonical approach for quantum computing.” He rattled off the five families he’s tracking, each with variations: “a neutral atom approach” that uses “highly focused lasers known as optical tweezers,” “silicon-based approaches” that look like specialized chips, “superconducting approaches,” “trapped ion approaches,” and “light-based approaches” where “quantum information is encoded in the properties [of] photons.”

For crypto, he made his position explicit: “I am of the belief that quantum computers will exist in the 2030s and they will be able to run Grover’s and Shor’s algorithm,” which means “the majority of mainstream cryptocurrencies will be vulnerable if they do not implement counter measures by that time.” The Cardano founder warned of the “archiving” problem—“encrypted emails, encrypted payloads that were archived can now be decrypted even if they’re re-encrypted later on with a post-quantum scheme because they have a copy of the classical encrypted payload.”

His countermeasure checklist starts with the US standards track: “we do have some government standards that NIST came up with called FIPS 203, 204, 205 and 206.” He described them as “an array of tools either lattice-based or hash-based or other to do encryption [and] signatures.”

Cardano Prepares For Quantum Era

On Cardano’s privacy and ZK layer, Midnight, he announced a deeper pivot: “we’re going to be announcing a program project to change the heart of Midnight, PlonK and Halo 2 to a new standard called Nightstream that is relying on lattice-based crypto,” describing it as “a moonshot” co-built “with a lot of large companies through a project at the Linux Foundation.”

In the interim, he said, “next year as Midnight turns on it’ll turn on with PlonK and Halo 2,” but the design is “already pre-designing it to have a drop in replacement […] [so] the basement of it is going to be post-quantum,” with the goal that “Midnight will be immune to quantum computers well ahead of the 2033 deadline.”

He pitched lattices as both defense and performance lever. “Turns out that lattices in particular have capabilities above and beyond what Ethereum is doing in the hash-based space,” he argued, claiming they connect “to what’s going on in the AI space with tensors,” so “you can use GPUs to accelerate the writing of a proof […] and the verification of [a] proof,” without “custom chips like Ethereum is proposing.” In his words, “you just use the AI chips that are in your phone, your laptop, your desktop computer, and your server, and you can get linear scale.”

The roadmap for Midnight extends beyond internal upgrades. He positioned it as “a folding engine and a recursion engine unlike any other in the entire private computation space,” asserting that “Midnight can create some of the best and lightest weight state proofs of every system it’s connected to. Cardano, Bitcoin, Ethereum, Solana, and so forth.” The strategic aim is to sign “those payloads with post-quantum signatures,” producing “a post-quantum checkpoint for Bitcoin and for other systems,” so “even if [a] quantum computer tries to change the state of things […] you’re going to have a rollback mechanism.”

He also flagged areas still on the checklist: “There are many other things you have to do. You have to look at post-quantum VRFs and post-quantum VDFs and you have to look at post-quantum random number generation and a litany of other concerns.” The “most important step,” in his view, is “to lock truth, lock history in a state where quantum computers can’t break it.”

The upshot for Cardano, he said, is to move now: “Adapt or get cracked.”

At press time, Cardano (ADA) traded at $0.5869.

A recent report from Bitcoinist highlighted a disturbing trend among early Bitcoin investors that could explain why the cryptocurrency’s price has been in a perpetual state of decline. According to data from on-chain data analytics platforms, these early Bitcoin whales, who hold thousands of BTC, had begun selling their considerable stash. But even after a month of consistent dumping, it seems these large investors are far from done, and more pain could be ahead.

Bitcoin Whales Dump Billions Of Dollars On The Market

As the Bitcoinist report showed, two early Bitcoin whales began moving their holdings into centralized exchanges back in October. This selling continued into the new month, and by the first week of November, these two whales had sent more than 16,000 BTC to exchanges. In total, the value of the BTC came out to over $1.7 billion, showing the considerable sell pressure that Bitcoin had faced at the time.

Following these initial sell-offs into the start of November, there seemed to be a slowdown in the selling, but this did not last very long. On-chain data platform Lookonchain reported that the whales were back at it once again, and this time, one of the whales had returned and looks to be selling the rest of their holdings.

Bitcoin OG Owen Gunden is at the center of all of this selling, recently moving the last of his considerable Bitcoin holdings onto a centralized exchange. In total, Gunden sent 3,549 BTC worth $362.84 million at the time of the transaction to the Kraken exchange, after previously sending out 600 BTC worth $61.17 million. In total, Gunden has sent 11,000 BTC worth $1.12 billion to exchanges, presumably to sell.

Why The Selling Is Ramping Up

With these early Bitcoin whales on the move and triggering significant selling pressure on the market, the question has been why these investors are choosing to sell now after waiting for all of this time. This comes as the $100,000 level remains threatened, and these billion-dollar sell-offs could trigger a bear market.

While crypto community members look for some deep meaning in the sell-offs, crypto influencer Udi Wertheimer gave a short and precise answer: the OGs are simply taking profit. These whales had bought their BTC when it was dirt cheap and have held onto their stash for around 15 years. Having grown considerably since then, with most becoming billionaires, it is only natural for these whales to sell and cash out their profits.

Instead of asking why the whales are selling, Wertheimer explains that what investors should really be asking is “why is btc price not down -70% when so many OGs are selling?” Given the strength that Bitcoin is demonstrating amid the selling, the crypto influencer believes “that’s what should keep the bears up at night.”

埃隆·馬斯克Elon Musk的一句「是時候了」再度攪動迷因幣世界，也使沈寂數週的狗狗幣敘事重返社群焦點。與2021年火熱行情相比，當前的市場環境更偏向保守，宏觀壓力、清算連鎖與流動性不足，使得馬斯克效應不再能單獨推動整體市場反轉。

但正因如此，資金的移動方向變得格外值得觀察：一邊是馬斯克帶起的迷因情緒，另一邊是Bitcoin Hyper這類功能型Layer2項目快速吸納巨量資金，形成鮮明對比，也揭示出資金偏好的變化。

馬斯克訊號引發迷因幣追逐，DOGE–1成短線焦點

本周馬斯克在X上留下簡短訊息，使整個狗狗幣社群瞬間活躍起來。雖然Dogecoin本身並未如預期般強勢反彈，價格一度落至0.16美元附近，但模因板塊內部的輪動卻異常激烈。特別是與SpaceX計畫同名的DOGE-1代幣，受到投機者追捧，短時間飆升約三倍，甚至吸引到重量級鏈上交易者的參與。

其中最受矚目的，是god.sol這位以高速輪動著稱的模因交易員，花費百枚SOL購得1627萬枚DOGE-1。他的過往交易記錄累積超過兩百八十萬美元利潤，任何動作都會被視為短線情緒的指標。雖然DOGE-1隨後因獲利回吐而回落，但這種急漲急跌的節奏呈現出迷因資產特有的投機定律，也反映市場在疲弱環境下更依賴瞬間情緒，而非長線資金。

同時，DOGE-1背後的真實衛星任務尚在排程之中，預計於2025年底發射，這也讓部分交易者押注未來可能出現新的消息催化。隨著宏觀環境持續波動，迷因生態仍維持活力，只是參與者普遍採取短線策略，速度優先於耐心。

市場在波動中尋找更可靠敘事

比特幣十一月初的急跌，使市場進一步走向避險結構。美聯儲偏鷹的語氣、全球經濟不明朗、清算高潮帶來的恐慌情緒，使交易者對高風險資產更加謹慎。即使馬斯克重新提起狗狗幣，也未能像前幾年那般直接引發全面式狂潮。迷因幣的升勢迅速被獲利盤壓制，反映出當前資金對流動性與退出速度的高敏感度。

在此背景下，市場開始出現另一條清晰軌跡：具備技術基礎、敘事完整且進度可追蹤的項目更容易成為資金目的地。這正是Bitcoin Hyper崛起的核心原因。當迷因敘事提供的是情緒刺激，Layer2的功能性則提供可衡量的未來價值，兩者在此刻形成鮮明對照。

Bitcoin Hyper吸金超過2600萬美元，Layer2革命成新主軸

Bitcoin Hyper在預售階段迅速累計超過2,600萬美元資金，連續多日保持大額買單，最引人矚目的，是日前一筆來自單一地址的鯨魚級大額交易，單筆金額高達31萬美元，刷新該項目預售以來的單日個人買入紀錄，而於10月6日也錄得一筆巨鯨購入超過26萬美元，引發廣泛關注。

這種級別的買盤往往象徵市場對項目方向的強烈認同，也代表比特幣Layer2敘事正在成為本輪市場的新焦點。

Bitcoin Hyper的核心，是讓比特幣真正具備可編程能力。項目架構基於Solana虛擬機，使BTC能以低延遲方式參與DeFi、遊戲、NFT與高頻支付。非託管橋接的設計讓資產能自由進出，不需犧牲原鏈安全性。這種能力突破了比特幣一直以來只能作為儲值工具的限制，也讓BTC邁向更大的應用場景。

HYPER代幣的價格每三日自動調整，使預售階段形成自然的進場節奏。質押回報率接近44%，交易費、治理與所有Layer2活動均使用HYPER，使代幣本身成為整個網路的核心動力。在2025年第四季主網上線後，完整的應用層將逐步曝光，市場預期這將會是比特幣生態中罕見的功能性躍升。

對許多長線投資者而言，Bitcoin Hyper的吸引力不只在於預售增長空間，更來自其解決了比特幣十五年來最具爭議的瓶頸：速度、可編程性與跨應用能力。

官網購買Bitcoin Hyper

結論：迷因與Layer2雙軸並行，新敘事正在形成

馬斯克重新點燃迷因熱度，使狗狗幣與DOGE-1短線活絡，但宏觀壓力讓投資者更謹慎，迷因行情呈現快速往返的結構。相較之下，Bitcoin Hyper代表的是另一類市場需求：在波動之下找到具備技術深度、結構清晰、增長空間實際可量化的項目。

一邊是情緒流動，一邊是功能革新；一邊追求短線爆發，一邊構築中期價值。當兩條敘事同時進行，2025年的市場將可能迎來截然不同的投資節奏。而Bitcoin Hyper在此格局下，已成為最受關注的比特幣Layer2新核心，並有機會在山寨幣季真正開啟時佔據關鍵位置。

The Bitcoin market has been in a state of uncertainty over the past few weeks, following its uncharacteristically negative performance in October. While the general market sentiment suggests that the end of the bull cycle might be near, the latest on-chain data indicates that the premier cryptocurrency might merely be undergoing a reset. According to a blockchain firm’s report, the recent sluggishness seems to be setting the stage for the coin’s next major move.

BTC Not In A Cycle Exhaustion Phase: XWIN

In the latest Quicktake post on the CryptoQuant platform, XWIN Research Japan revealed that the current situation of Bitcoin looks less like the end of a cycle and more like a restructuring phase. The DeFi firm believes that the market foundations are being reset after the clearing out of excess leverage in recent weeks.

Supporting the claim of reduced leverage, XWIN Research highlighted that open interest in the Bitcoin future market has reduced significantly since late October. This decline in open interest signals the exit of short-term traders from their leveraged positions.

The blockchain firm noted that, in past cycle peaks, leveraged trades often increased even at high price levels. However, this euphoric buildup of market positions is not currently the case for Bitcoin, meaning that a cycle top is likely not what is being witnessed.

Furthermore, XWIN Research Japan said that the Bitcoin price is currently lacking momentum and not missing structural support. The blockchain firm pinpointed declining demand from United States institutional investors—as spotlighted by the negative Coinbase Premium Index—as one of the factors behind the lack of momentum.

As of this writing, Bitcoin is valued at around $101,930, reflecting no significant movement in the past 24 hours. The flagship cryptocurrency is deep in the red on the weekly timeframe, though, having suffered an 8% price decline in the last seven days.

Bitcoin Market Shows Both Strengths And Weaknesses

Despite the weakened institutional demand for BTC, XWIN Research highlighted some positive signs that could contribute to the cryptocurrency’s eventual recovery. For instance, the DeFi firm revealed that Bitcoin exchange reserves remain at multi-year lows, meaning that a limited supply is still available.

Additionally, stablecoin liquidity is gradually flowing back into the market; this means that purchasing power is also returning, and investors might just be waiting for the right time. However, XWIN Research noted that, despite the obvious market resilience, the current sentiment suggests a range-bound movement in the short term.

According to AIMA and PwC’s Seventh Annual Global Crypto Hedge Fund Report, more than half of traditional hedge funds now hold crypto.

The survey shows 55% have some crypto exposure, up from 47% in 2024. That number alone signals a shift in how mainstream managers treat these assets.

Crypto: Broad Adoption, Small Stakes

Most managers are being careful, for now. Many funds keep their digital currency positions tiny. Over half of those with exposure hold less than 2% of their portfolios in crypto.

On average, funds put about 7% into crypto-related investments. Yet plans point upward: 71% of holding funds say they will raise their positions over the next 12 months.

Risk is on their minds. Reasons given include portfolio diversification (47%), market-neutral alpha opportunities (27%), and asymmetric return potential (13%).

The survey’s scale gives weight to the trend. The report asked 122 hedge fund managers controlling over $980 billion in assets. That sample shows a 17% year-over-year increase in the share of funds holding crypto.

Many managers prefer indirect exposure. According to the findings, 67% use digital currency derivatives — up from 58% in 2024 — which lets them take positions without holding coins directly.

That approach can be safer on paper. But it also carries risks. The October 2025 flash crash caused close to $20 billion in liquidations, a stark reminder of what can happen when markets move quickly.

How Funds Gain Market Exposure

Spot trading is growing while derivatives remain popular. Spot trading grew from 25% to 40% as a method of access. Exchange-traded products account for 33%.

Tokenized assets and related equities each sit at 27%. The numbers show funds want choice. Derivatives offer flexibility; spot gives direct ownership. Both have places in portfolios, depending on rules and risk limits.

Crypto-native funds are getting bigger. Pure crypto managers report larger pools of capital. Average assets under management reached more than $130 million in 2025, compared with $79 million in 2024 and over $40 million in 2023.

The coins held most often are Bitcoin (86%), Ethereum (80%), Solana (73%), and XRP (37%). Solana’s adoption jumped from 45% last year. Yield strategies are widespread too — custodial staking is used by 39% of crypto funds and liquid staking by 35%.

Institutional Interest Up

Institutional interest is rising, but barriers remain. Fund-of-funds participation rose to almost 40% in 2025 from 21% in 2024. Institutional allocations from pension funds, foundations, and sovereign wealth funds climbed to 20% from 11%.

Two-thirds of institutional investors surveyed now allocate to digital assets. Yet half of traditional hedge funds without crypto say they will not invest in the next three years.

Featured image from Unsplash, chart from TradingView

The stablecoin market recorded its strongest quarterly expansion since 2021, with $41 billion in net inflows during the third quarter of 2025. 

According to Orbital’s Stablecoin Retail Payments Index, retail adoption of stablecoins has entered a new phase of stability after a year of intense growth, owing to the fact that the crypto industry is moving from speculative trading to practical, everyday use in emerging economies. 

Retail Activity Settles As Crypto Market Finds Its Balance

Stablecoin activity has begun to level out following a 69% increase in user adoption between mid-2024 and mid-2025. According to the latest report data from Orbital, there were about 3.6 million daily active users in Q3, indicating that the market is stabilizing following the excitement of previous months. 

However, the important thing is that retail payment volumes nonetheless climbed somewhat, up 4% to $1.77 trillion, even as the number of transactions declined slightly from 1.33 billion to 1.21 billion. This trend points to larger, more significant transfers replacing the smaller ones below $10,000 that prevailed in previous quarters.

Tether’s flagship token, USDT, continues to dominate the retail industry, accounting for 83% of total transactions. On the other hand, USDC is the favorite token among DeFi users, accounting for more than 50% of the DeFi market. In terms of crypto exchange, Binance plays the major role of controlling much of the liquidity for both tokens and providing the rails for retail payments across emerging markets.

Emerging Markets Lean On Stablecoins To Fight Inflation

Stablecoins are increasingly being used as lifelines in struggling economies. This trend has been acknowledged by financial experts, with Ark Invest CEO Cathie Wood recently revising her $1.5 million Bitcoin prediction due to the growing popularity of stablecoins. 

Orbital’s report shows that users in Algeria, Bolivia, and Venezuela are paying staggering premiums of 90%, 77%, and 63%, respectively, to access dollar-pegged tokens. This is a sign that stablecoins are becoming digital versions of the US dollar in these regions.  Mid-tier premier ranges between 8% and 18% in countries like Türkiye, Ethiopia, and Argentina.

On the other hand, markets such as India, Saudi Arabia, and South Africa show lower premiums, as improved financial infrastructure makes it easier to buy and sell stablecoins at near-market rates. Some countries, including Colombia and Peru, even trade below parity, a sign of stronger liquidity and growing market maturity.

Notably, a new generation of blockchains is competing for a share of stablecoin traffic. Binance Smart Chain still leads in retail transfers but saw growth slow by half in Q3. 

Aptos has now stabilized after its massive breakout earlier in the year, while Plasma, the newest entrant, set a record of $7 billion in deposits within days of launching its native token, XPL. 

Tron also continued its steady climb due to its heavy USDT usage, and Ethereum saw its total stablecoin supply expand by $35 billion. 

Stablecoin Wallet-to-wallet Transfers

According to data from CoinGecko, the stablecoin market cap today is around $311 billion.

Featured image from Unsplash, chart from TradingView

Arthur Hayes, co-founder of BitMEX, has revealed that Zcash (ZEC) is now the second-largest liquid holding in his family office, Maelstrom, trailing only Bitcoin. According to his post on X, the shift follows a rapid run-up in ZEC’s market value that has moved the coin back into the conversation among big investors.

Hayes Names Zcash Second Biggest Asset

Based on reports, Zcash has risen dramatically since September, gaining more than 700% over that span and hitting intraday highs above $700 earlier this month.

That surge pushed ZEC back into the top 20 coins by market capitalization, with several outlets placing its market cap in the roughly $9 billion to $11 billion range as trading volumes spiked.

The price moves are being linked to renewed interest in privacy features and a wave of retail and speculative flows.

Due to the rapid ascent in price, $ZEC is now the 2nd largest *LIQUID* holding in @MaelstromFund portfolio behind $BTC.

— Arthur Hayes (@CryptoHayes) November 7, 2025

Bold Targets Spark Attention

Reports have noted that Hayes has floated an aggressive long-term target for ZEC — $10,000 — a figure that grabbed headlines and helped fuel further buying.

He described ZEC as Maelstrom’s second-largest liquid holding, though he stopped short of listing the exact dollar amount or the percentage of the portfolio represented.

That detail has left observers guessing about how big a stake Maelstrom actually holds.

in a Friday post on X, Hayes wrote:

“Due to the rapid ascent in price, ZEC is now the second largest *LIQUID* holding in MaelstromFund portfolio behind BTC.”

Privacy Coins Draw Renewed Attention

Analysts and market commentaries say the rally has put a spotlight back on privacy coins, with Zcash’s shielded-transaction options often cited as a core technical feature behind the token’s narrative.

At the same time, privacy tokens carry an extra layer of regulatory risk in some jurisdictions, and some exchanges or services have in the past tightened access to such assets. That mix of promise and caution is part of why ZEC’s jump is drawing close scrutiny.

Supply Events And On-Chain Activity

Traders will be watching several concrete things: on-chain metrics for shielded versus transparent transfers, exchange flows and whether large holders move coins, and the effect of a scheduled Zcash supply change expected in mid-November that will cut miner rewards — an event some traders say could tighten available supply.

Volatility has been extreme; one day’s gain can be followed by sharp losses, and liquidity can ebb when prices move quickly.

This disclosure from a high-profile investor puts Zcash back in the headlines and could draw more capital into privacy tokens.

Featured image from Pexels, chart from TradingView

A US court judge has declared a mistrial in the case against two brothers for allegedly exploiting the Ethereum (ETH) MEV-boost system to net a $25 million profit.

A 12-Second Historic MEV Boost ‘Heist’

In May 2024, the US Department of Justice announced an indictment against Anton and James Pepaire-Bueno, accusing the two MIT-trained brothers of a conspiracy to commit wire fraud and money laundering. 

According to the DOJ, the Pepaire-Bueno siblings stole $25 million in ETH in a first-of-its-kind heist targeting the prominent blockchain network. Notably, the brothers had explored a flaw in the Ethereum MEV Boost system, allowing them to view hidden pending transactions:

Acting as a block builder, they “poisoned” a block to trick trading bots into revealing their strategies, then executed a sandwich attack, buying a large volume of ETH before another trader’s order and selling immediately after the price rose. 

This attack was targeted at a trio of cryptocurrency traders, allowing them to net a profit of $25 million in just 12 seconds. According to a report by Business Insider, in the case presented to the US District Judge Jessica Clarke for the Southern District of New York, the prosecutors likened the crypto trade hustle to a common fraud.

Assistant US District Danielle Marie Kudla stated that creating a poison block was an act of deceit against other traders that should be punished by law.  However, the lawyers of the defendants countered this narrative, stating the Pepaire-Bueno brothers had not operated beyond the bounds of trading in a bot-eat-bot world of Ethereum.

Jury Fails To Convict Or Acquit ‘MEV Brothers’ 

On Friday, November 7, the jury in the case struggled to reach a unanimous verdict, according to Business Insider. The 12-man team. stated the peculiar case that had undergone a four-week trial had resulted in significant personal emotional cost. 

Notably, some jurors had broken down into tears during deliberations, while others complained of sleeplessness over the three days of deliberation. Moreover, one juror was scheduled to travel on Saturday, according to the Inner City Press.

Following the motion for a mistrial, the prosecutors were willing to move the case to Monday and continue with 11 jurors. However, Judge Clarke opted to declare a mistrial as she strongly believed an extension would solve the jury’s confusion. While this ruling might provide some relief for the Pepaire-Bueno brothers, it’s worth noting that the charges remain active and prosecutors can still move for another trial.

Featured image from Protos, chart from Tradingview

Binance co-founder Changpeng “CZ” Zhao has denied any relationship with United States President Donald Trump and his family. This comes in response to the chatter surrounding Trump’s pardon of him in October 2025.

CZ Says He Has Never Met President Trump

In an interview with FOX News on Friday, November 7, Zhao revealed that he was “a little bit surprised” by the US President’s decision to pardon him. The Binance co-founder pleaded guilty to anti-money-laundering (AML) violations in 2023.

While the former CEO of the world’s largest cryptocurrency exchange agreed to a significant $4.3 billion fine on behalf of his company, he was forced to resign and received a four-month jail sentence. CZ was released from prison in September 2024, but this presidential pardon expunges his record of a criminal conviction.

Although multiple reports have alleged that Binance and CZ lobbied through business deals for the co-founder’s pardon, there have been several rebuttals to such controversial claims. In a November 3 interview, Trump stated that he did not know the crypto founder, crediting his sons for pushing for the pardon.

Now, CZ has come forward to state that he has no business links with the Trump family or their cryptocurrency project, World Liberty Financial. “That’s completely not accurate. There’s no deal, there has never been any discussions. It’s as simple as that,” the Binance leader said.

CZ also addressed his decision to plead guilty to violating the Bank Secrecy Act, including failure to implement adequate anti-money-laundering measures at Binance. The prominent crypto founder said, “the best way to confront the problem and solve it head-on.”

US Leading In Crypto Regulation: CZ

According to the White House press secretary Karoline Leavitt, Trump’s decision to grant clemency to crypto figures was a way to “officially end the Biden administration’s war on the cryptocurrency industry.” In the FOX interview, Zhao highlighted the GENIUS Act as a move in the right direction by the United States regarding leading crypto regulation.

The former Binance CEO believes that the increased regulatory clarity is an excellent development for the crypto industry. “I think in the last administration, even when I was charged and even when I pleaded guilty, there wasn’t any clear regulatory framework for crypto in the US, so I think now it’s getting much clearer, and [the] US is definitely leading,” CZ added.

Last week proved quite volatile in the Bitcoin (BTC) market as prices retested the psychological $100,000 price level following a sustained price correction that began in early October. Amid this price decline, the US Bitcoin Spot ETFs suffered a similar tumultuous fate, registering a net outflow of over $1 billion.

Bitcoin ETFs See $1.28B In Net Withdrawals As Price Struggles Persist

According to data from SoSovalue, capital outflows of 12 Bitcoin ETFs reached $558.4 million on Friday, taking total net outflows in the first week of November to $1.28 billion. This development indicates significant caution among institutional investors as Bitcoin strives to find price stability. 

The largest outflows of the week came from BlackRock’s IBIT, which suffered net withdrawals of $580.98 million. The investment fund now holds net assets of $82.28 billion, accounting for 3.97% of the total Bitcoin market cap.  Fidelity’s FBTC also suffered the heavy brunt of investors’ fear as net outflows climbed to $438.30 million. However, with cumulative net inflows of $12 billion, FBTC still remains the second-best performing Bitcoin spot ETF.

Other market players with significant performances include Ark Invest’s ARKB and Grayscale’s GBTC, which recorded net capital drain of $128.92 million and $64.33 million, respectively. Meanwhile, VanEck’s HODL, Valkyrie’s BRRR, and Franklin Templeton’s EZBC suffered negative cash flow losses ranging $8 million – $13 million. 

Interestingly, Bitwise’s BITB and Grayscale’s BTC produced the net inflows of the week valued at $4.69 million and $21.61 million, respectively. However, Invesco’s BTCO, WisdomTree’s BTCW, and Hashdex’s DEFI all recorded zero netflow, despite heavy market activity.

At press time, the Bitcoin spot ETFs now report a net outflow of $1.22 billion for November. Nevertheless, the cumulative total net inflow for the 12 investment funds is valued at $59.97 billion, as aggregated net assets drop to $138.08 billion by 6.5% from last week in October.

BTC Price Overview

At press time, Bitcoin trades at $101,901 after a 0.98% decline in the past 24 hours.  Meanwhile, daily trading volume is down by 42.62% and valued at $53.58 billion. Following the intense price correction of the last week, the premier cryptocurrency is now 18.93% away from its all-time high of $126,198.

Coincodex analysts predict a market recovery in the next five days, tipping BTC to hit $129,442. However, they project some retracement after forcing the premier cryptocurrency to stabilize around $111,963 in a month.

Global banking behemoth JPMorgan Chase has disclosed its increased exposure to the world’s largest cryptocurrency through BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT). 

JPMorgan Held 5.2 Million IBIT At End Q3

In the latest 13-F filing with the United States Securities and Exchange Commission (SEC), JPMorgan disclosed its holding of 5,284,190 IBIT shares, BlackRock’s spot Bitcoin ETF, as of September 30. This third-quarter figure represents a sharp 64% increase in the firm’s exposure to spot Bitcoin exchange-traded funds.

JPMorgan’s IBIT holdings, which were worth about $333 million as of September 30, are now valued at around $312 million. While the bank’s expanded position places it amongst one of the major institutional holders of BlackRock’s Bitcoin ETF, it still sits behind other firms, like Goldman Sachs, with significantly larger holdings. Goldman Sachs disclosed that it held 30.8 million shares of IBIT in the first quarter of 2025. 

Furthermore, the filing with the SEC shows that JPMorgan held IBIT call options worth $68 million and put options worth $133 million as of September 30. 

The increased investment in spot Bitcoin ETFs is consistent with the bank’s price expectations for the flagship cryptocurrency. In a recent report, strategist Nikolaos Panigirtzoglou and his team shared that deleveraging in the crypto derivatives market, especially Bitcoin perpetual futures, appears to be mostly over.

The JPMorgan analysts revealed that the recent rise in gold volatility has made BTC a more attractive investment option on a risk-adjusted basis. Using this gold-based model, the pundits argued that Bitcoin is fairly undervalued compared to gold and could see a significant upward movement to around $170,00 over the next 6 to 12 months.

As of this writing, the price of BTC stands around $102,900, reflecting an over 1% jump in the past 24 hours. However, the premier cryptocurrency is still deep in the red on medium-term timeframes. According to data from CoinGecko, the BTC price is down by more than 6% in the last seven days.

BlackRock’s IBIT Struggles In Recent Weeks

BlackRock’s Bitcoin ETF has somewhat struggled over the past few weeks, registering significant withdrawals in the last two. According to data from SoSoValue, the exchange-traded fund posted a weekly net outflow of over $403 million in the previous week.

Excluding its performance on Friday, November 7, BlackRock’s IBIT looks set to record a weekly net outflow of roughly $450 million. Nevertheless, the iShares Bitcoin Trust still ranks as the largest spot BTC exchange-traded fund with a net asset of $80.58 billion under management.

As Ripple expands its offerings and operations to broader markets, the crypto company’s President, Monica Long, has unveiled its next phases of growth that could set the stage for a new era for XRP. The suggested roadmap points toward expanded innovation, deeper institutional adoption, and a broader role for the XRP Ledger (XRPL) in the global financial sector.

Ripple’s President Outlines Next Chapter For XRP

At the Ripple Swell 2025 event, held on November 4-5, Long shared the company’s ambitious roadmap for XRP, giving the crypto community a glimpse of Ripple’s future ecosystem plans. Speaking with CoinDesk, she explained that Ripple’s vision extends well beyond payments, focusing on developing a robust infrastructure that promotes financial inclusion globally. 

According to the Ripple President, the crypto payments company now runs two main parts of its business. One division focuses on helping financial institutions adopt digital assets, while the other is dedicated to enhancing the XRP Ledger through continuous innovation. She also emphasized that the XRP Ledger has grown a lot in the past few years, with numerous updates enhancing its strength, speed, and reliability.

Another big growth step the Ripple President mentioned for the ecosystem is a new lending protocol expected to expand how people and businesses interact and use XRP. Long added that Ripple is currently investing heavily in new use cases that show how its ledger can support more than just global digital asset payments. 

Long has reported that a significant part of Ripple’s roadmap involves bringing more institutions onto the crypto network by offering real, practical tools. She noted that stablecoins, for instance, enable companies to transfer value quickly and efficiently. By integrating stablecoins into the XRP Ledger, Ripple aims to enhance the cryptocurrency’s real-world utility and strengthen its liquidity. 

Commenting on the growth plans, prominent crypto analyst X Finance Bull noted that Ripple’s next big steps mark a shift away from speculation and toward global adoption. Long remarked that the crypto company’s development strategy reflects a “flywheel effect” between utility, trust, and liquidity.

More Updates And Milestones Revealed At The Ripple Swell

At the Swell 2025 event, Ripple also announced that it had recently closed a $500 million strategic investment round, valued at about $40 billion. The round was led by Fortress Investment Group and Citadel Securities, with participation from Panera Capital, Galaxy Digital, and others. Notably, the large-scale investment round highlights growing institutional confidence in Ripple’s leadership and business model after its most successful year to date. 

Additionally, Ripple highlighted recent milestones within its ecosystem. The company reported more than $95 billion in total payment volume across its global payments network and more than $1 billion in market capitalization for its RLUSD stablecoin. Ripple also discussed its six strategic acquisitions, completed in just over two years, which have expanded its reach across payments, custody, and stablecoins.

The price of Bitcoin began the new month on a rough note, continuing its tumultuous run from October. On the afternoon of Friday, November 7, the premier cryptocurrency briefly fell below the psychological $100,000 level for the second time in the past week.

The struggles of the Bitcoin price in recent weeks have been attributed to a shift in the behavior of investors, especially a class known as the long-term holders (LTHs). A prominent crypto expert on X has come forward with more insights as to the impact of the LTH behavior on BTC price.

BTC Apparent Demand Growth Turns Negative

In his latest post on the X platform, CryptoQuant’s Head of Research, Julio Moreno, acknowledged that the Bitcoin long-term holders have indeed been offloading their assets over the past few weeks. The crypto expert, however, noted that this increased selling activity by LTHs is not something new.

According to Moreno, it is quite normal for Bitcoin long-term investors to shave off some of their holdings during the bull markets, as they look to take some profits while prices are high. What has been different this time around is that there has been no corresponding demand to mop up these offloads.

To back this, Moreno shared a chart comprising the long-term holder spending and apparent demand growth in the past few years. For context, apparent demand growth measures the difference between how much of an asset (Bitcoin, in this case) is being acquired compared to the quantity being created (mined).

The CryptoQuant Head of Research noted that the Bitcoin price had reached new all-time highs in the past during periods of increased long-term holders selling—albeit with positive apparent demand growth. As observed in the chart, this occurred during all-time-high rallies of January-March 2024 and November-December 2024.  

The highlighted chart also shows that the Bitcoin long-term holders have been selling since October, which is not particularly out of place. However, the apparent demand growth has been contracting, implying that there has been no buy pressure to absorb the LTH supply at higher prices.

Ultimately, this on-chain observation suggests that less focus should be placed on the selling activity of the Bitcoin long-term holders. If there is to be a turnaround for the price of BTC over the coming weeks, a positive apparent demand growth would need to be in place first.

Bitcoin Price At A Glance

As of this writing, the flagship cryptocurrency has recovered back above $100,000 and is valued at around $103,700, reflecting an almost 3% jump in the past 24 hours.

In the volatile world of cryptocurrency trading, price discrepancies between exchanges can offer crucial insights into regional demand and market sentiment. Bitcoin is trading at a discount on Coinbase, a leading US-based crypto exchange, compared to its prices on global platforms. The exchange’s spot pricing has slipped into a discount relative to major offshore platforms.

Market Sentiment Softens Ahead Of Key Economic Data

A full-time crypto trader and investor, Daan Crypto Trades, has highlighted on X that it’s not unusual for Bitcoin to trade at a discount on Coinbase, and this happens quite often during a larger market pullback. However, the current discount is not as substantial as it was in the previous cycle.

The discount is fundamentally created when the market is oversupplied with spot selling pressure originating from the Coinbase platform, particularly from the ETFs, US investors, and institutional investors. Generally, this discount on Coinbase is not the strongest sign, but it points to downward momentum. As seen on the chart, the market rarely bottoms locally without first undergoing such a period of heavy selling, which generates the discount.

Daan noted that this data is similar to tracking ETF flows, and the fact that BTC’s price on Coinbase is negative is not a bullish indicator. However, if the BTC price can sustain or start grinding higher after absorbing this period of heavy selling pressure, which is indicated by the discount, that could be a bullish sign for BTC. “Always compare the data to know how the price is moving,” the expert mentioned.

Why This Cycle Might Last Longer Than Expected

Crypto analyst Batman has highlighted a fascinating perspective from giants like Wintermute, which suggests that the concept of the Bitcoin four-year cycle is no longer relevant. However, Wintermute is now calling for a BTC supercycle. Offering his insights on the statement, Batman is supporting the idea using the BTC chart against the Institute for Supply Management (ISM) and Purchasing Managers’ Index (PMI) composite.

According to the expert, risky assets like BTC historically flourish in a growing economy. When the economy shows signs of slowing down, as reflected by the ISM and PMI contracting, it usually coincides with the cycle top for BTC and ushers in a period of price slowdown.

Despite BTC not maintaining an all-time high level, the ISM and PMI are literally just beginning to expand, making this cycle different. A prolonged debt cycle due to the global Covid-19 shutdown may also cause the delay of the BTC cycle, as shown by the ISM and PMI starting to turn around toward an upward direction.