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In a surprising twist, Bitcoin’s current dynamics appear to be taking a different path from the one generally believed or seen in the market. While the surface is all shaky and volatile, what’s interesting is the trend forming underneath the visible pattern and action of investors.

The True Condition Of Bitcoin’s Market Exposed

Bitcoin’s price has been experiencing sharp pullbacks in the past few weeks, even falling below the key $100,000 support level on Thursday. However, beneath the daily fluctuations in Bitcoin’s price, a subtle but significant change is transforming the fundamental structure of the market.

Instead of the widely conceived OG Whales dumping or BTC’s silent IPO, on-chain data presents a completely different picture: One of profound liquidity redistribution, new long-term demand trends, and changing holder behavior that have the potential to completely change the course of Bitcoin. 

This underlying trend is being reported by Glassnode, a leading financial and on-chain data analytics provider, on the social media platform X. Glassnode began by outlining the renewed bullish action among long-term BTC holders. After a thorough examination of the Bitcoin Cumulative LTH Realized Profit, the platform revealed that long-term holders have been making profits throughout this cycle. 

Historically, this long-term holders’ pattern has emerged in every previous bull market cycle, underscoring the significance of their presence. By late August, seasoned investors’ gains after breaking the All-Time High (ATH) increased to levels that were entirely consistent with previous cycle peaks. The platform claims that this is not an anomaly,” and it is not specifically OG whales dumping, but a normal bull market behavior.

To further delve into the market’s underlying structure, Glassnode has examined the BTC Spent Volume by Age metric. Presently, the monthly average spending by long-term holders shows a clear trend, with outflows climbing from roughly 12,500 BTC daily in early July to 26,500 BTC daily today.

This consistent increase in outflows is a result of growing distribution pressure of older investor cohorts. Such a trend is fond of late-cycle profit-taking rather than an abrupt exodus of whales. 

What Are The OG Whale Investors Up To?

Using the OG Whale Spending Events metric, the platform has made a compelling revelation about the current actions of these investors.  Despite isolating over 7-year-old whale wallet addresses spending more than 1,000 BTC per hour, the data still tells a story of consistency.

According to Glassnode, these high-magnitude spends were not crucial to the ongoing market cycle. However, it is worth noting that the spending took place in every major bull phase in the past. While OG whales’ spending has grown, what sticks out currently is their frequency. 

Bitcoin OG whale holding at least 1,000 BTC’s spending events were more frequently and uniformly distributed. This development points to a steady staggered distribution, and not a sudden coordinated OG dump. At the time of writing, the price of BTC was trading at $99,505, demonstrating a more than 2% decline in the past day.

Canary’s XRP ETF has gotten off to a good start following its launch on November 13. The fund’s first-day trading volume beat estimates, a development that has shocked even the community. 

Canary’s XRP ETF Records $58 Million In Day One Trading Volume

In an X post, Bloomberg analyst Eric Balchunas revealed that Canary’s XRP ETF (XRPC) recorded $58 million in day one trading volume. He further noted that this is the most of any ETF launched this year, among the 900 launched. With this, the fund also edged Bitwise’s Solana ETF, which recorded $57 million in day-one trading volume. 

The Bloomberg analyst added that the two of them are in a league of their own, as the third-best launch this year is $20 million away. Meanwhile, Canary’s XRP ETF beat estimates, with Balachunas predicting $17 million in day-one trading volume and his colleague James Seyffart predicting $34 million. 

Canary Capital’s CEO Steven McClurg had joined in on the conversation, asserting that the fund was going to record way over $34 million in trading volume, which eventually happened. Seyffart had admitted that it was possible, stating that “XRP army is real and no joke,” thereby crediting the community’s effort for such performance. 

Commenting on this development for the fund, market expert Nate Geraci noted that almost every single spot crypto ETF launch has significantly exceeded TradFi’s expectations. He declared that there is a lesson in that, as there is still significant skepticism from the old guard in TradFi. However, he added that investors who are voting with their money are what matter and that the top ETF launches in the last 2 years have been dominated by crypto.  

Canary’s Fund Records $245 Million in Net Inflows

Canary Capital revealed that its XRP ETF recorded $245 million in net inflows. This also topped Bitwise’s Solana ETF, which recorded almost $70 million in first-day inflows. Geraci explained that the inflows are way higher than the trading volume because of in-kind creations, which don’t show up in trading volume. In-kind creations allow the issuer to create shares with the token instead of cash. 

Meanwhile, Bitwise CIO Matt Hougan also commented on the success of the fund. He noted that the median opinion of a crypto asset does not determine an ETF’s success. He further remarked that one would rather have 20% of people love an asset than 80% of people who vaguely like it. Hougan added that ETFs die from apathy, not disagreement. The Bitwise CIO made this comment because the token is believed to be one of the most ‘hated’ crypto assets. 

At the time of writing, the XRP price is trading at around $2.28, down over 7% in the last 24 hours, according to data from CoinMarketCap.

Elon Musk has again pushed his “everything app” vision for X into the spotlight, telling users that a native payments layer, X Money, is now close to launch – and reigniting questions over whether Dogecoin, Bitcoin or crypto at large will be part of it.

In a post on Nov. 13, Musk announced a major technical milestone for the platform: “X just rolled out an entire new communications stack with encrypted messages, audio/video calls and file transfer. X Money comes out soon. Join us if you want to build cool products. X will be the everything app.”

Will X Money Integrate Dogecoin?

That line caps a multi-year effort to rebuild X’s back-end as a super-app spine. Earlier, Musk described the new XChat layer as “built on Rust with (Bitcoin style) encryption, whole new architecture,” tying the messaging stack explicitly to the cryptographic model popularized by Bitcoin, even though no on-chain component has been announced.

On the payments side, X Money is no longer just a concept. The service has entered limited beta, offering peer-to-peer transfers, a digital wallet and bank or debit-card connections, with settlement handled through Visa Direct. X has secured dozens of US money-transmitter licences, though key jurisdictions such as New York remain pending, which continues to delay a full nationwide rollout.

So far, all official product descriptions put X Money firmly in the fiat camp at launch: a Venmo- or Cash App-style wallet inside X, backed by Visa, focused on traditional payment rails. Neither Musk nor X has committed publicly to integrating crypto in the first release.

Yet the crypto signals around Musk have intensified in parallel with the X Money messaging. On Oct. 14, in response to a discussion about monetary debasement, he declared:“Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.”

The remark was read widely as a renewed endorsement of Bitcoin’s “hard money” properties after years of relative silence, and it aligns with Musk’s broader narrative that fiat currencies are structurally fragile.

Earlier this month, Musk has once again put Dogecoin back at the centre of social-media attention. On Nov. 3, Dogecoin community member DogeDesigner reposted the slogan “No Highs, No Lows, Only DOGE” alongside a screenshot of Musk’s 2021 vow that “SpaceX is going to put a literal Dogecoin on the literal moon.” Musk replied with just two words: “It’s time.”

That minimalist update was enough to ignite trading frenzies in DOGE-linked instruments. A DOGE-1 memecoin tied to the lunar mission surged roughly 300–350% in the days after the post, while derivatives volumes in Dogecoin itself spiked by orders of magnitude on some venues, even as spot price action remained more muted.

The pattern is familiar. For years, Dogecoin has traded as a high-beta bet on Musk’s product roadmap and memes. Double-digit intraday moves in DOGE following earlier Musk posts such as “One word: Doge” or his “people’s crypto” comments were common for years.

Crucially, however, there is still no explicit link between Dogecoin and X Money in any official communication. X’s payments documentation and third-party reporting consistently describe a product that launches as a fiat wallet and P2P system. The crypto layer – whether BTC, Dogecoin or stablecoins – remains in the realm of possibility rather than confirmation.

Musk has, if anything, narrowed the scope in one important respect. In response to waves of “X token” rumours, he has repeatedly insisted that none of his companies will issue a native coin, writing in late 2023 that “none of my companies will ever create a crypto token.” That means any eventual crypto support inside X Money would almost certainly rely on existing assets rather than a proprietary token.

Taken together, Musk’s recent posts sketch a clear but incomplete picture. On one side is a rapidly evolving infrastructure: encrypted messaging in Rust, a Visa-backed wallet, and money-transmitter licences across much of the US. On the other is an increasingly loud set of ideological and cultural signals: Bitcoin as an energy-anchored antidote to “fake fiat,” and Dogecoin as the meme-driven transactional asset most closely tied to Musk’s public persona.

At press time, Dogecoin traded at $0.16325.

The Office of the Comptroller of the Currency (OCC) has been pressured to turn down Sony Bank’s bid to enter US crypto banking. According to reports, letters from banking and community groups filed in early November have raised sharp opposition about the plan and its possible effects.

Sony’s Bank Plan

Sony Bank filed to form a national trust bank called Connectia Trust, according to filings and public reports. The plan would allow Connectia to manage reserves for a US dollar-pegged stablecoin and offer custody and asset-management services for digital tokens.

The OCC issued Interpretive Letter 1183 in March 2025, which clarified that national banks may perform certain crypto activities when they meet risk controls. Trust banks, however, do not take FDIC-insured deposits, and that difference is central to the debate.

Advocates say the structure fits within the narrow scope the OCC laid out in Letter 1183. Critics say it does not.

Questions include how reserves would be composed, how redemptions would work in stress, and what would happen to custody holdings if the trust were placed into receivership.

Community bank groups and consumer advocates want clearer, more public explanations of those mechanics.

Banking Groups Push Back

On November 6, 2025, the Independent Community Bankers of America (ICBA) sent a formal letter urging the OCC to reject the application.

ICBA’s main point is that a trust charter could let a large corporate owner offer a product that looks like a deposit but lacks deposit insurance and typical bank obligations.

They called this a form of regulatory arbitrage and warned it could create unfair competition for smaller banks. The National Community Reinvestment Coalition also filed opposition, arguing the OCC lacks authority to treat a stablecoin issuer like a traditional bank and calling for stronger consumer protections.

Those groups have focused on three practical concerns: consumer confusion about what is and is not insured, unclear reserve transparency, and the lack of tested tools to resolve a trust bank that holds crypto assets.

The letters stress the potential consequences of a run on a large stablecoin and the difficulty of unwinding token custody in a crisis.

Systemic And Consumer Risks

If a federally chartered trust issues a widely used stablecoin, it could set a legal precedent that other tech firms or financial firms might follow.

That is why some filings argue the OCC should move slowly and demand stricter conditions. Reports have disclosed worries that retail users could treat the token like a bank deposit, when it would not carry FDIC protection.

The risks are not just theoretical. Under stress, reserve assets might be sold quickly, and digital holdings could be hard to transfer within a receivership framework that was built for traditional assets.

Featured image from Wikimedia Commons, chart from TradingView

At Bitcoin Amsterdam on 13 November, Alderney politician Edward Hill delivered a direct pitch to the BTC community: help turn his tiny Channel Island into a Bitcoin-first jurisdiction, anchored in renewable energy and a pro-BTC regulatory stance.

Hill opened by situating Alderney politically and geographically. “I’m from the little island of Alderney, which you may know are sister islands, Jersey and Guernsey that are traditional finance centers,” he said. “We are a Channel Island, but we are semi-independent. We are part of the Bailiwick of Guernsey and we’re located 8 miles from France. We are a self-governing jurisdiction. We’re [a] British crown dependency, but we’re in partial fiscal union with our sister island in the Bailiwick of Guernsey.”

The Next Bitcoin Island?

From there, he moved quickly to why Alderney is now courting Bitcoin. Hill stressed that the government is actively seeking a strategic partner from within the ecosystem: “Why do we think Alderney could be attractive for potential Bitcoin entrepreneurs? We’re looking for somebody to take us on this journey.” He added later, “We are not Bitcoin specialists. I am from the government of the States of Alderney, but we are here to listen and learn.”

A core part of his pitch is that Alderney already knows how to build digital industries under regulation. “Most importantly, we already have an established e-gaming industry which produces a GDP around about 84 billion million,” he said, tying that to an institutional template: “We want to mirror all these success in e-gaming where we have our own e-gaming commission and we have professional staff who handle that […] and ditto we’ve done the same with our renewables as well. So what we’re looking to do is extend that to Bitcoin.”

Hill repeatedly framed Alderney as a flexible, low-friction jurisdiction for BTC companies and individuals. “We’re small and [a] stable government and we have a big appetite to diversify our economy,” he said. “We have an open canvas for you to match the business lifestyle requirements that we know that you’re looking for and have been unable to find without having to travel probably thousands of miles to more remote offshore centers.”

He hammered home Alderney’s fiscal offer in plain terms. “We’re also very attractive from a tax point of view. No corporation tax, no capital gains tax, no VAT, no inheritance tax, and personal income tax of only 20%. I’m sure you all like that.” On top of that, the island imposes no wealth-based hurdles for newcomers: “We have no financial entry requirements for residency or house purchase. So you can come, you can buy a house. You do not have to pay vast fortunes in early buying expensive houses.”

The most distinctive element, however, was energy. Hill linked Alderney’s major natural asset directly to Bitcoin mining: “Our island is located in one of the strongest tidal flows in the world and we are looking to at some stage with our exceptional tidal flow […] to link Bitcoin mining with renewable energy.” He added a striking visual twist by pointing to Alderney’s Victorian coastal defences: “These Victorian forts are already waiting for somebody to come and maybe set up some kind of Bitcoin community entrepreneur and also potentially to store Bitcoin mining systems.”

On regulation, Hill emphasised that Alderney sits under Guernsey oversight but is actively engaging to make the regime fit BTC better. “We also are regulated by the Guernsey Financial Service Commission and they’re open to engage with us and with you about making the regulatory framework more usable for Bitcoin.” He drew a clear boundary around the initiative: “We will only be working with Bitcoin, no other asset.”

He then outlined the scope of what Alderney is looking to build with the right partner: “Attracting new Bitcoin businesses to our island […] establishment of [a] Bitcoin research engineering campus, some kind of business park, a potential neo bank.” Education and values are part of that package. Hill said the island wants “public and government Bitcoin education to teach our community all about what you’re really about to dispel some of the skepticisms and rumors.”

For that, he insisted, Alderney needs a deeply involved counterpart, not just registrations. “We’re looking for a production of some kind of strategic document… someone who could implement a plan and provide local education in Bitcoin and capacity building and also execute that plan with mutual agreement from ourselves as the States of Alderney.”

Alderney’s gambit also places it in a small but growing club of islands that have tried to brand around BTC: the Isle of Man has long been marketed as “Bitcoin Island” as it attracted exchanges and payment startups under a bespoke regulatory regime, while Boracay in the Philippines has been promoted as “BTC Island” on the back of Lightning-based merchant adoption.

Malta, for its part, styled itself as the “Blockchain Island,” and Madeira has leaned into its reputation as one of Europe’s most Bitcoin-friendly islands—context that Alderney now aims to update with its own, explicitly Bitcoin-only, renewables-driven twist.

At press time, BTC traded at $96,799.

Dogecoin and Shiba Inu have not seen the best performances over the last few years, but this has not deterred other meme coins from going on major rallies. The likes of PEPE and BONK have emerged with great potential, building strong communities and contending with the likes of Dogecoin and Shiba Inu for the top spot. This report takes a look at these meme coins with potential as the market starts to pick up once again.

USELESS Joins The Ranks Of The Greats

Useless Coin (USELESS) is one of the Solana meme coins that emerged in 2025, running on the premise of “nothing.” The coin is a satirical token that essentially makes fun of other utility-based cryptocurrencies that have been at the forefront of the market. Its entire brand is focused on the fact that the coin is completely “useless,” meaning it has no utility, and is a purely hype-driven cryptocurrency.

USELESS offers investors no form of use case, unlike many others, and the only avenue for revenue generation is the fees generated from liquidity provision. The coin, which was launched on the LetsBonk.Fun has become the most successful launch from the launchpad since its inception back in early 2025, and boasts one of the best communities so far. It has also been one of the best performers with each market recovery, rising double-digits on days where the crypto market moves back into the green.

FARTCOIN Is The AI Play Of Meme Coins

Unlike USELESS, FARTCOIN’s value proposition lies in the fact that it is an Artificial Intelligence (AI) play, running to over $2 billion market cap off of this. The meme coin has garnered over 160,000 holders already and is climbing.

FARTCOIN is not yet in the top 10 meme coins by market cap, which makes it a good choice for investment over larger counterparts such as Dogecoin and Shiba Inu. At less than $300 million market and over $100 average daily trading volume, there is still a value proposition here for the cryptocurrency.

FLOKI Gets Boosted With Elon Musk’s Support Of Dogecoin

Among meme coins with good value propositions, FLOKI ranks high due to its proximity to billionaire Elon Musk. The coin was formed when Musk first posted his Shiba Inu dog named Floki, and each time Musk tweeted about his dog, the FLOKI price tends to soar.

The most recent example of this is when Musk posted Floki on his X page and the FLOKI price rose by more than 20%, making it the highest gainer among meme coins for that week. Given the billionaire’s propensity to talk about his dog, it could only be a matter of time until another X post sends the FLOKI price surging again.

The unveiling of the anticipated draft of the crypto-centric Market Structure Bill has stirred a wave of reactions and demands for key enhancements from industry stakeholders. 

Crypto Market Structure Bill Draft Under Scrutiny

According to Crypto In America, the long-awaited market structure discussion draft presented by the Senate Agriculture Committee this week has left many in the industry expressing the need for substantial improvements before extending their complete backing. 

Led by Chairman John Boozman and Senator Cory Booker, the draft draws inspiration from the CLARITY Act, aiming to delineate the definition of a digital commodity while accentuating aspects related to customer protections, oversight by the Commodity Futures Trading Commission (CFTC), and self-custody protocols. 

However, the presence of blockchain-related language enclosed in brackets signifies ongoing deliberations among lawmakers, with significant sections pertaining to decentralized finance (DeFi) and anti-money laundering (AML) left vacant.

A figure from a leading crypto trade association articulated that while the bill marks a positive initiation, further amendments are requisite for industry-wide support. 

Notably, discussions suggest that the Senate Agriculture Committee may be awaiting deliberations from their Senate Banking counterparts, particularly concerning DeFi components falling under the purview of the Blockchain Regulatory Certainty Act (BRCA).

Expressing hope for clarity in the DeFi domain, DeFi Education Fund Executive Director Amanda Tuminelli emphasized the necessity for robust developer protections that distinctly differentiate centralized intermediaries from software developers devoid of custody and financial control over external assets. 

Acknowledging the iterative nature of a discussion draft, industry participants have demonstrated willingness to engage with legislators in refining the regulatory process.

December Markup For Merging Market Structure Drafts 

Anticipating positive collaborations, Digital Chamber CEO Cody Carbone conveyed eagerness to collaborate in advancing the legislative agenda. 

Concurrently, the Senate Banking Committee has disclosed two market structure drafts, primarily led by the GOP, with ongoing bipartisan negotiations hinting at a potential merger of the drafts upon mutual satisfaction. 

Chairman Boozman has articulated a commitment to an early December markup session, underscoring the legislative trajectory aimed at integrating both draft versions into a cohesive framework.

An unresolved clause in the Senate Ag draft proposes that the CFTC should nominate at least two commissioners post-consultation with the committee’s minority faction, potentially solidifying the necessity for minority seats within the commission. 

Key deliberations are scheduled, including the nomination hearing for Mike Selig, Trump’s nominee for the CFTC chair position. While the agency anticipates further nominations, the process remains underway without definitive names put forth for additional commissioner roles.

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

Bitcoinist descrive Bitcoin Hyper (token HYPER) come una delle presale più rilevanti nel panorama crypto del 2025, grazie al suo progetto di Layer 2 su Bitcoin. L’idea alla base è offrire una rete più veloce e programmabile (dApps, staking, trasferimenti) pur continuando a usare Bitcoin come livello di “settlement”, combinando sicurezza e scalabilità.

L’architettura tecnica di Bitcoin Hyper

Secondo le specifiche, Bitcoin Hyper permette di depositare BTC in un indirizzo osservato, dopodiché un contratto su Solana Virtual Machine (SVM) verifica i relativi header o proof. Questo processo porta alla creazione dell’equivalente tokenizzato su Hyper, che può essere usato nella rete L2 per transazioni rapide, staking, scambi e applicazioni decentrate. Periodicamente, le transazioni vengono “ancorate” indietro su Bitcoin usando prove ZK (zero-knowledge), per garantire che il token L2 resti collegato al valore reale di BTC su L1.

Grazie a questo modello, il progetto punta a combinare l’affidabilità di Bitcoin con la velocità di altre blockchain più moderne, rendendo la rete adatta anche a pagamenti quotidiani e casi d’uso DeFi.

Raccolta fondi e struttura della prevendita

Durante la presale, Bitcoin Hyper ha raccolto cifre significative, con investitori che sembrano credere nella visione del progetto. I token HYPER sono offerti a un prezzo base, e chi partecipa può anche scegliere di mettere in staking parte dei suoi token durante la fase di presale. Questo staking offre rendimenti relativamente elevati, il che può risultare attraente per chi è disposto a bloccare risorse in vista del lancio.

Secondo l’analisi originale, l’operazione di presale non è guidata solo da hype: la domanda deriva anche da un interesse concreto per infrastrutture che migliorino l’esperienza d’uso di BTC e ne espandano le funzionalità. Questo mix di visione tecnica e appello retail spiega, secondo l’articolo, perché molti osservatori considerino Hyper una scommessa “infrastrutturale” piuttosto che una semplice altcoin speculativa.

Opportunità e punti di forza

Uno dei principali vantaggi di Bitcoin Hyper è la possibilità di utilizzare Bitcoin in modo più versatile: non solo come riserva di valore, ma per costruire applicazioni, movimentare fondi rapidamente e partecipare alla finanza decentralizzata. Se il progetto dovesse effettivamente realizzare bridge sicuri, esecuzione rapida su L2 e un ecosistema funzionante, potrebbe attirare sviluppatori interessati a creare dApp “Bitcoin-native” e utenti che vogliono trasferire o usare BTC più agilmente.

Inoltre, il fatto che parte del capitale arrivi da investitori retail e istituzionali suggerisce che il progetto non è visto solo come un gioco speculativo, ma come qualcosa con potenziale a lungo termine.

Rischi da considerare

Tuttavia, non mancano le incognite. Il successo di Bitcoin Hyper dipende fortemente dall’esecuzione tecnica: è necessario che il bridge funzioni in modo sicuro, che le validazioni ZK siano affidabili e che la rete L2 sia stabile e performante. Se qualcosa dovesse andare storto (bug, costi elevati, problemi di sicurezza), la proposta perderebbe molto del suo valore “pratico”.

Inoltre, il modello di staking e yield alto può nascondere rischi: rendimenti elevati nei progetti in presale non sono mai garantiti dopo il lancio, e possono diminuire man mano che la piattaforma matura o se non viene sostenuta da reale utilizzo o liquidità.

Infine, il fatto che si tratti ancora di un progetto L2 su Bitcoin implica una forte dipendenza dallo sviluppo futuro di entrambi gli strati: il fallimento su uno dei due fronti potrebbe compromettere l’intera proposta.

Vai a Bitcoin Hyper Conclusione

Bitcoin Hyper è presentato come un progetto ambizioso che cerca di risolvere alcune delle limitazioni storiche di Bitcoin: lentezza, costi alti e mancanza di programmabilità. La sua prevendita ha attirato interesse grazie a un modello che combina tecnologia avanzata con un’idea di lungo periodo, non solo speculazione.

Detto questo, è importante guardare al progetto con realismo: se la rete funziona come descritto, potrebbe avere un impatto significativo; ma gli ostacoli tecnici e i rischi restano. Chi è interessato dovrebbe fare la propria due diligence, valutare sia il potenziale che i rischi, e non considerarlo un “colpo sicuro”.

Bitcoin miner Bitfarms has announced plans to pull back on Bitcoin mining in the coming two years and pivot toward AI-compute centers.

Bitfarms CEO Says Pivot To AI-Compute Business Could Out-Earn Bitcoin Mining

In a press release, Bitcoin mining company Bitfarms has revealed plans to convert one of its facilities to support High-Performance Computing (HPC)/Artificial Intelligence (AI) workloads.

The mining site, located in the Washington State and drawing in 18 MW of power, will be upgraded with state-of-the-art liquid cooling to support Nvidia’s AI-infrastructure cards, GB300s. Bitfarms is targeting December 2026 for the facility’s conversion.

Established in 2017, Bitfarms has established itself as one of the largest miners on the Bitcoin network, but it appears that the company is now looking to move to greener pastures.

BTC miners make income by adding blocks to the blockchain and receiving a combination of transaction fees and block subsidy as rewards. Revenue can be highly variable, however, depending upon network traffic conditions and the cryptocurrency’s price trend.

Also, miners face tough competition from their peers and since only one of them can grab the block reward at a time, which is dished out about every 10 minutes, it can be a battle to make away with a piece of the pie.

Ben Gagnon, Bitfarms CEO, thinks the GPU-as-a-service model can be more lucrative. As the CEO said in the press release,

Despite being less than 1% of our total developable portfolio, we believe that the conversion of just our Washington site to GPU-as-a-Service could potentially produce more net operating income than we have ever generated with Bitcoin mining.

The pivot to the HPC/AI business isn’t only for the Washington site, either, as Gagnon has revealed that the company is going to wind down its Bitcoin mining business over the course of 2026 and 2027.

As mentioned before, Bitcoin mining rewards are only given out in intervals of about 10 minutes. This happens because of the existence of a feature known as the Difficulty, which regulates the network’s toughness based on the speed at which miners are performing their duty.

If miners are producing blocks at an average time faster than 10 minutes, the network raises its Difficulty in the next biweekly adjustment. Similarly, it eases things up if miners aren’t able to hit the target time.

In October, Bitcoin miners rapidly expanded their facilities to a new all-time high (ATH), making them faster at their job, and forcing the blockchain to adjust the Difficulty to a new record as well.

The latest adjustment, however, has brought with it a relief for the miners. As the above chart from CoinWarz shows, Difficulty has just seen a cooldown of about 2% from its ATH.

BTC Price

Bitcoin has continued its bearish momentum in the past day as its price has slipped to the $98,700 level.

Quick Facts:

• Bitcoin’s slide under $100K erased $250M in $BTC longs, but community sentiment is still net-bullish, hinting at a constructive dip.
• Best Wallet Token ($BEST) combines fee discounts, staking, and roadmap utility, with a modeled potential high of $0.62 in 2026.
• PepeNode ($PEPENODE) fuses meme energy with a burn-to-earn game loop; external models outline 2025–2026 upside if listings and gameplay land.
• XRP ($XRP) gives you deep liquidity and low-cost, near instant settlement.

Bitcoin’s falling! Bitcoin’s falling!

Well, Bitcoin slipped right under the $100K mark and briefly touched a six-month low near $96,094.

This wasn’t just a gentle pullback; it was a classic leveraged long flush, a sudden price drop forcing the liquidation of numerous leveraged long positions.

Think of it as the market aggressively wiping out speculators who were over-betting on a price rise. We’re talking about roughly $509M in $BTC long positions getting liquidated in 24 hours.

Even after all that, sentiment hasn’t totally crashed. Most folks are still leaning bullish, viewing this less as a disaster and more as a “buy-the-dip” opportunity.

The noise might stick around for a bit, but the overall setup still favours smart accumulation and low-risk staking over high-risk leverage plays. That’s why smart money is rotating toward projects with real utility.

And that’s why Best Wallet Token ($BEST), PepeNode ($PEPENODE), and XRP ($XRP) could be the best crypto to buy at the moment. 1. Best Wallet Token ($BEST): Wallet Utility, Staking, and Fee Discounts

Best Wallet Token ($BEST) is essentially your membership key to a top-tier Web3 wallet ecosystem, positioning itself as the access key to a full Web3 wallet stack. Its Best Wallet app is also among the leading self-custodial wallets today.

$BEST lowers trading fees inside the wallet, offers priority launchpad access, and provides staking yields up to 77% for early community members.

This focus on utility matters greatly when volatility bites, as a wallet token that reduces on-chain costs and offers curated deal flow gives holders something tangible to use every market day, not just during rallies.

The presale has already impressively crossed over $17M, setting it apart from typical micro-raises. Its roadmap promises more juice, like market analytics, MEV protection, a staking aggregator, and a debit card, all designed to funnel recurring demand back to $BEST.

If execution stays on track, the $BEST token forecast includes potential highs near $0.62 by the end of 2026, giving you an ROI of over 2280% if you bought at today’s price. You don’t have long to buy in, though, as the presale ends on November 28.

Get $BEST tokens for $0.025945.

2. PepeNode ($PEPENODE): Mine-To-Earn Without the Bills

PepeNode ($PEPENODE) cleverly blends meme culture with a mining-sim GameFi layer where you can buy nodes, upgrade facilities, and earn in-ecosystem rewards.

It’s essentially gamified crypto mining without the need for the complicated tech setup and massively expensive electricity bills.

This dual appeal of narrative and mechanics has seen its presale raise over $2.1M. The project also offers eye-catching triple-digit staking APYs for early participants, currently standing at 604%.

You also get rewards for being the best miner, not only in $PEPENODE but in other popular altcoins like $PEPE and $FARTCOIN, further enhancing the project’s reach.

GameFi tokens typically perform well when liquidity shifts from Bitcoin to faster-moving sectors, and $PEPENODE fits this rotation.

Our experts predict $PEPENODE’s token price reaching a potential $0.0072 by the end of 2026, giving you an ROI of 528% from today’s price.

Buy your $PEPENODE for $0.0011454.

3. XRP ($XRP): Top Liquidity and Near-Instant Settlement

For anyone prioritizing established exchange liquidity and a robust payments narrative, $XRP remains a core listed option, currently trading around $2.26 with deep markets and broad exchange coverage, including tier-one venues.

The XRP Ledger’s low-cost, near-instant settlement capabilities continue to make it a go-to for cross-border transfers and remittance-style flows. And its substantial market cap and volume provide a cushion against volatility during broader market drawdowns.

In a week when Bitcoin dipped to a six-month low, $XRP’s appeal lies in the ability to re-enter on liquid order books, while maintaining exposure to a strong, payments-led adoption curve.

If the market stabilizes into year-end, rotations into large-cap alts with genuine throughput can outpace headline beta. This would make $XRP a reliable choice for HODLers focused on safer rails.

Find $XRP on Binance for top liquidity.

Recap: Bitcoin’s recent slip cleared out the over-leveraged traders, but it didn’t break the community’s overall belief in the market. For those buying the dip, $BEST offers practical wallet utility, $PEPENODE has that exciting “meme meets GameFi” mine-to-earn dynamic, and $XRP provides deep liquidity with a proven payments use case.

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/best-crypto-to-buy-and-hodl-during-bitcoin-6-month-low/

Following the conclusion of the recent US government shutdown, Grayscale, the industry’s leading asset manager, has made a significant move by filing for its initial public offering (IPO) with US regulators. 

This step aligns with a trend where several crypto-focused companies have been increasingly entering the IPO race, reflecting the growing prominence of digital assets within the financial landscape.

Grayscale’s IPO Revelation

Grayscale initiated the IPO process confidentially back in July, which allowed the company to withhold public disclosure of its financial information until now, with the official IPO filing now unveiled for public scrutiny. 

With assets under management totaling $35 billion as of September 30, Grayscale disclosed a net income of $203.3 million in the initial nine months of 2025.

However, despite its substantial assets under management, Grayscale has faced a decline in profitability and revenue over the past year. In the corresponding period of 2024, the company reported a higher net income of $223.7 million. 

The revenue for the first three quarters of the year stood at $318.7 million, marking a 20% decrease from the $397.9 million recorded in the same time frame back in 2024.

The ongoing surge of crypto firms entering the public market has been notable in the backdrop of a crypto-friendly administration by President Donald Trump, which has facilitated a closer integration of digital assets into mainstream financial operations. 

Noteworthy names such as stablecoin issuer Circle (CRCL), crypto exchanges Gemini (GEMI) and Bullish (BLSH), and Figure Technology led by Mike Cagney have all made their debut in the New York Stock Exchange (NYSE) this year.

A New Chapter For The Crypto Asset Manager

While Grayscale’s IPO marks a significant milestone, the company, like many others in the crypto sector, has encountered challenges due to the extreme market volatility experienced this year. 

Price upswings in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have impacted the performance of crypto-related firms. Post-IPO, Circle and Bullish have witnessed decreases in share value from their peak prices, while Gemini is trading below its offering price as concerns regarding mounting losses persist.

Grayscale’s IPO filing acknowledges the company’s concentrated exposure to the digital asset industry, emphasizing its reliance on market conditions, which remain notably volatile. 

The performance of its exchange-traded funds (ETFs), particularly the Grayscale Bitcoin Trust and the Grayscale Ethereum ETF, has fluctuated significantly throughout the year due to continuous market uncertainties.

With plans to trade on the New York Stock Exchange under the ticker symbol “GRAY,” Grayscale’s IPO has garnered notable attention, with Morgan Stanley, BofA Securities, Jefferies, and Cantor serving as the lead underwriters for the deal. 

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

Data shows the Altcoin futures market has seen a decline in speculative engagement recently as the Open Interest has plummeted.

Altcoin Open Interest Is Now Near Cycle Lows

In its latest weekly report, on-chain analytics firm Glassnode has talked about the broad cooldown in speculation that altcoins have witnessed recently. The metric of relevance here is the “Open Interest,” which measures the total amount of positions related to a given asset that are currently open on all derivatives exchanges.

When the value of this metric rises, it means speculative activity around the cryptocurrency is going up. Generally, a higher amount of leverage raises the chances of the market turning volatile, so this kind of trend can lead to sharper price action.

On the other hand, the indicator witnessing a decline implies positions related to the asset are going down, either due to investors reducing their appetite for risk, or exchanges enforcing forceful liquidations. Such a trend may be followed by a calmer market.

Now, here is the heatmap shared by Glassnode that shows how the percentage change in the Open Interest (30-day rolling mean) has fluctuated across Bitcoin and the various altcoins over the past year:

As displayed in the above graph, the change in the Open Interest has been at notable negative values in the cryptocurrency sector since mid-October, indicating that there has been a decline in speculative positioning.

Bitcoin has still managed to maintain a relatively stable trend, but interest in altcoins has plummeted as the Open Interest is now near cycle lows. “This pattern underscores a defensive stance among traders, prioritizing capital preservation over speculation,” noted the analytics firm.

The Open Interest isn’t the only metric that implies a cooldown in speculative activity; another heatmap from the report points to the same.

This heatmap shows the percentage change in the Funding Rate for Bitcoin and the altcoins. The Funding Rate refers to the periodic fee that derivatives market traders are exchanging between each other.

From the chart, it’s visible that this metric has been witnessing a cooldown since mid-year, a sign that investors have been cautious about betting on a particular direction. “Overall, derivatives sentiment remains cautious, and liquidity continues to thin across the board,” explained Glassnode.

The fact that the altcoin market has witnessed a sharp decline in Open Interest while Bitcoin has managed to hold on implies investor attention has shifted to the less risky number one digital asset.

Ethereum Price

Ethereum, the largest among the altcoins, has taken to consolidation recently as its price is still trading around $3,500.

Stay Ahead with the Latest Insights of Today’s Best Presales News

Check out our Live Best Presales Updates for November 7, 2025!

Of all the crypto opportunities out there, presales are often the most promising and potentially the most profitable. These early-stage projects raise funds to launch community-driven meme coins, utility-heavy projects, and even degen shitcoins.

What defines crypto presales is the opportunity to join stage zero at the lowest possible price point. It can only go up from there, which it often does.

Pepe Unchained soared 550% post-presale, to name one presale. The potential is there, and if you’re looking for the latest crypto presale updates to get in early, you’ve come to the to right place.

Quick Picks for the Best Presales Today

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

We update this page regularly throughout the day with the latest insights on presales. 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.

Bitcoin Slips Below $100k as Altcoins Cool Off: Traders Now Eye Maxi Doge as the Best Presale to Watch

November 14, 2025 • 10:16 UTC

Bitcoin’s dip under $100,000 has unsettled the market once again, pushing traders to look beyond majors like Ethereum, Solana, and XRP.

Several factors have contributed to Bitcoin’s slide toward $96K, including the prolonged US shutdown that weighed on macro conditions.

With confidence across leading altcoins fading, attention has shifted to meme coins: a corner of the market known for producing surprising rallies even when broader sentiment is shaky.

Hot presales like Maxi Doge ($MAXI) are catching renewed interest, offering early entry into projects driven by culture, humour, and community energy rather than macro data. Having already raised $4M, the $MAXI presale is progressing quickly ahead of its upcoming listings.

Here’s a simple guide for joining the $MAXI presale.

Best Presale to Watch as Bitcoin Becomes a Political Wildcard for US Voters

November 14, 2025 • 10:16 UTC

New analysis from the BTC Policy Institute suggests Bitcoin may become a rare unifier in a sharply divided US political landscape.

• Democrats are drawn to its potential for financial inclusion
• Republicans and Independents, on the other hand, value the freedom to transact without government interference.
• Many also see mining as a tool for strengthening the energy grid.

With voters increasingly aligned around Bitcoin’s core principles, attention is shifting toward infrastructure projects pushing the network into its next chapter.

Bitcoin Hyper ($HYPER) – a high-speed Bitcoin Layer 2 built using Solana’s Virtual Machine – is emerging as one of the top altcoins to watch as the market matures.

The project has raised $27M so far, with early pricing still live and passive income rewards above 40% for those choosing to lock tokens.

Read our Bitcoin Hyper price prediction to learn more.

Authored by Ben Wallis, Bitcoinist — https://bitcoinist.com/best-presales-live-news-today-november-14-2025

The Czech National Bank (CNB) has launched its $1 million crypto “test portfolio” pilot with the acquisition of Bitcoin (BTC), stablecoins, and tokenized deposits. The initiative follows previous efforts to diversify its international asset reserves with cryptocurrencies.

Czech Central Bank Launches Bitcoin, Crypto Portfolio

On Thursday, the Czech National Bank (CNB) announced the creation of a $1 million “test portfolio” of digital assets to “gain practical experience” with holding Bitcoin and other cryptocurrencies while implementing and testing related processes over the next two to three years.

In an official press release, the financial supervisor revealed that it had made its first-ever digital asset purchase, acquiring mostly Bitcoin and other undisclosed cryptocurrencies, including a USD-pegged stablecoin and a tokenized deposit.

The purchase was approved by the Czech central bank board on 30 October 2025, following discussions of an analysis about potentially incorporating investments in other asset classes.

The portfolio’s structure is set to “allow the CNB to compare various types of digital assets and their different properties” and test how to use, trade, keep them in their accounts, and audit these holdings.

The Czech central bank stressed that the purchase occurred outside its current international reserves and that there are no plans to add Bitcoin or other cryptocurrencies to these reserves in the near future.

The announcement also emphasized that the total amount invested “will not be actively increased.” However, smaller-scale operations “will continue to be made to test operational readiness in various market situations and maintain the CNB’s preparedness for executing transactions on this market.”

CNB To Explore Future Of The Financial System

The Czech National Bank explained that the project aims to “gain practical experience with blockchain-based technologies, which may fundamentally affect the operation of the financial and payment system in the future.”

Based on this, the banking authority considers it appropriate to start testing and evaluating digital assets in depth, arguing that “only practice will reveal the details and difficulties of day-to-day operation,” including technical administration of keys and multi-level approval processes, crisis scenarios and security mechanisms, and Anti-Money Laundering (AML) compliance verification.

CNB Governor Aleš Michl shared that he initially thought of creating a test portfolio in January 2025 to examine decentralized Bitcoin from the central bank’s perspective and evaluate its potential role in diversifying their reserves.

As reported by Bitcoinist, Michl proposed allocating up to 5% of CNB’s $146 billion in foreign exchange reserves to Bitcoin, amounting to roughly $7.3 billion at the time. Nonetheless, the CNB Board did not approve the Governor’s proposal.

Now, he asserted that “new ways of paying and investing will emerge rapidly in the years ahead,” and it’s time for the Czech central bank to “be more forward-thinking, more visionary.”

It is realistic to expect that, in the future, it will be easy to use the koruna to buy tokenised Czech bonds and more besides – with one tap an espresso; with another an investment such as a bond or another asset that used to be the preserve of larger investors. As a central bank, we want to test this path.

The central bank also unveiled the launch of another project, the CNB Lab innovation hub, aiming to oversee the testing of technologies and trends that could affect the functioning of the financial market and the conduct of monetary policy in the future.

“In addition to testing digital assets and blockchain solutions, the CNB Lab will try out AI tools, support innovations in the area of payments – including instant payments – and run other projects related to the digitalisation of the financial sector,” the statement reads.

Singapore’s top financial regulator has signaled a tougher stance on stablecoins, saying only fully supervised tokens should be treated as reliable money for big transactions.

Regulators are moving to separate settlement-grade instruments from the rest of the market. The message was blunt and aimed squarely at issuers that operate without strict oversight.

Regulators Draw A Clear Line

According to Monetary Authority of Singapore Managing Director Chia Der Jiun, some unregulated stablecoins have a “patchy record of keeping their peg.”

He warned that sudden losses of confidence in those tokens can resemble money-market fund runs from 2008. Chia added that such coins are “not suitable as safe settlement assets for large wholesale transactions.”

His remarks came in a keynote at the Singapore FinTech Festival and make clear that the city-state intends to favor well-capitalized, closely supervised issuers for settlement uses.

Rules Focus On Reserves And Redemption

Based on reports, MAS is preparing legislation that builds on a regulatory framework released on Aug. 15. The framework sets reserve backing and redemption reliability as the main tests for eligibility. In short: issuers must show credible backing and practical ways for users to redeem tokens.

Over time, Chia said, if certain stablecoins grow big enough to affect the wider system, rules will need tightening and cross-border cooperation will be required. Access to central bank facilities was mentioned as a possible future step for truly systemic tokens.

Numbers Point To Bigger Stakes

According to a Binance Research report, the global stablecoin market passed $300 billion in total capitalization in October 2025. Daily average transaction volumes reached $3.1 trillion.

Monthly stablecoin payments have topped $10 billion as of August 2025, with 63% of that volume tied to B2B activity. These numbers show why regulators are paying attention.

They also help explain why USDT and USDC remain dominant players as use moves beyond trading into payments and business flows. Bitcoin’s rise above $120,000 has also been cited as one factor increasing overall market activity.

CBDCs And Tokenized Bank Money On The Table

Chia also outlined MAS’s broader view of settlement assets, mentioning wholesale central bank digital currency and tokenized bank liabilities.

The regulator’s BLOOM initiative — Borderless, Liquid, Open, Online, Multicurrency — is testing how those instruments might work together inside a tokenized finance system.

Financial firms and clearing networks were urged to run trials under the initiative so practical issues can be spotted early.

Featured image from Unsplash, chart from TradingView

On-chain data shows Bitcoin miner Binance deposits have been at elevated levels recently, a potential sign that this group is selling.

Bitcoin Miners Have Sent 71,000 BTC To Binance In November

As explained by an analyst in a CryptoQuant Quicktake post, November has seen the miners send a notable amount of Bitcoin to cryptocurrency exchange Binance. The on-chain metric of interest here is the “Miner to Exchange Flow,” which measures the total number of tokens that wallets connected to miners are sending to a given centralized exchange.

When the value of this metric is high, it means the chain validators are sending large amounts to the platform. Generally, miners transfer to an exchange when they want to sell, so this kind of trend can have a bearish impact on the BTC price.

On the other hand, the indicator being at a low level suggests miners aren’t making that many deposits to the exchange. Such a trend can be a sign that this cohort is choosing to hold BTC, which can naturally be bullish for the cryptocurrency.

Now, here is a chart that shows the trend in the Bitcoin Miner to Exchange Flow for Binance, the largest digital asset exchange by trading volume:

As displayed in the above graph, the Binance Bitcoin Miner to Exchange Flow has seen spikes of a significant scale in this month so far, particularly concentrated around the post-crash lows.

Given the timing, it’s possible that miners made the transactions to panic sell. In total, these chain validators have transferred 71,000 BTC to the exchange, worth more than $7 billion.

November’s inflows are only a continuation of the trend from October, when miners deposited a total of 200,000 BTC across the month. Miners are entities that need to regularly sell to pay off their running costs in the form of electricity bills, so some distribution from them is normal. The scale at which they have deposited to Binance recently, however, may be worth noting.

The inflows into Binance this month have coincided with a decline in the Bitcoin Hashrate, a measure of the total amount of computing power connected to the network by the miners. This metric may be considered as a gauge for the sentiment among the chain validators.

Bitcoin miners pushed the Hashrate to a new all-time high (ATH) in October, but the price decline that has followed since, as well as the fact that the network Difficulty has spiked, has forced miners to pull back on their upgrades.

BTC Price

Bitcoin has seen another setback during the past day as its price has retraced to the $101,300 level.

Bitwise CIO Matt Hougan says crypto may have just crossed into a new structural era—and he argues that Coinbase is the catalyst. In a November 11 memo titled “The Next Big Disruption From Crypto,” Hougan writes that he “caught a glimpse of the future this week,” identifying a fourth major crypto-driven disruption: capital formation.

Hougan frames the development within his long-running meta thesis that crypto is “going to reinvent the fundamental aspects of finance.” He highlights Bitcoin as “reinventing gold,” stablecoins as “reinventing dollars,” and tokenization as “reinventing trading and settlement.” He stresses that crypto remains early in each cycle but says the endgame is already visible: “I expect that eventually most assets will be tokenized, most dollars will move on stablecoin rails, and bitcoin will be as widely accepted as gold.”

What changed this week, he argues, is the emergence of a viable, institutionalized ICO model. “We added a fourth category: capital formation,” Hougan writes. “I think it will be a defining theme of crypto in 2026.”

To make that case, Hougan revisits the traditional IPO market—one he describes as “sclerotic and heavily skewed against individual investors.” Institutions fund VCs, VCs fund the best startups, startups stay private for years, and retail is left with scraps at the end. “Retail only gets to participate at the end of the journey,” he writes, in a system weighed down by “seemingly infinite regulations.”

A Crypto Plot Twist: Coinbase Revives ICOs

Crypto attempted to break this pattern once before. “It was—let’s be honest here—a complete disaster,” he says about the 2017–2018 ICO boom. “The vast majority of ICOs turned out to be scams.” With no guardrails, “charlatans raised billions from the unsuspecting public,” eventually forcing the SEC to intervene. “Its massive crackdown in 2018 destroyed the ICO trend and drove crypto into a deep bear market.”

But Hougan insists the failure masked an underlying truth. “As bad as ICOs were, they did prove something interesting: Crypto could be used to raise capital rapidly for new projects.” ICOs showed a model that was “lower-cost, faster, and more egalitarian” than IPOs, even if the execution was fatally flawed.

The difference today, he argues, is regulatory intent and institutional architecture. Hougan highlights SEC Chairman Paul Atkins—formerly co-chair of the Token Alliance and a board member at Securitize—as a driving force behind new thinking. In July, Atkins called for “new regulations and safe harbors that would allow high-quality ICOs to happen.” According to Hougan, Atkins argued that “if we can fix what went wrong with ICOs 1.0, we could see a boom in new capital formation—all led by crypto.”

That is the backdrop for Coinbase’s move. “On Monday, Coinbase took the first major step toward making this a reality,” Hougan writes. Coinbase unveiled a new platform that will launch one “fully-vetted” token sale per month, with enforced team disclosures, mandatory lockups for insiders, and a standardized screening process. “In short,” Hougan says, “through self-regulation, it aims to fix a lot of what was wrong with the 2017-2018 ICO era.”

He is explicit about where he thinks this goes: “I bet we’ll see a half-dozen or more billion-dollar ICOs through platforms like Coinbase in 2026.” While still small relative to the traditional IPO market—“176 IPOs in the US raised $33 billion in 2024”—Hougan argues that even a handful of successful ICOs would prove a structural point: “Entrepreneurs can raise capital directly from investors, often at better terms than they would in the traditional IPO market.”

On the investment side, Hougan points first to Coinbase itself. “The obvious investment is in Coinbase,” he writes, describing the company not just as a brokerage but a multi-lane financial infrastructure giant: “It’s not just the Charles Schwab of Crypto; it’s Charles Schwab + Goldman Sachs + NYSE + …”

He also sees upside for base-layer ecosystems: “A healthy ICO market will bode well for the largest programmable blockchains, like Ethereum and Solana.”

Yet the larger thesis is index-level. “An ICO renaissance,” he writes, “is another major proof point for crypto as a whole.” Crypto’s narrative grew stronger as stablecoins and tokenization matured; billions raised through vetted ICOs would strengthen it further. His advice: “Don’t try to pick the horse; bet on the race.”

At press time, the total crypto market cap stood at $3.42 trillion.

XRP has taken center stage this week as the broader crypto market faces intensified selling pressure. Despite the volatility, a major breakthrough has arrived: Canary Capital’s XRP exchange-traded fund (ETF) has officially received regulatory approval, marking a historic step for the asset.

On November 12, 2025, Nasdaq certified the product for listing, paving the way for trading to begin on November 13 under the ticker XRPC — establishing the first-ever spot XRP ETF on a US exchange.

This milestone represents a turning point not only for Ripple’s ecosystem but also for broader crypto adoption in traditional finance. The approval follows years of regulatory scrutiny surrounding XRP and its legal status, signaling growing institutional acceptance of the asset as a legitimate digital commodity.

While the announcement has reignited optimism among investors, XRP’s price remains under short-term pressure as traders weigh macroeconomic risks and profit-taking from early entrants.

Still, analysts view the ETF launch as a potential catalyst for renewed liquidity and market participation, which could help stabilize sentiment and attract fresh inflows. With trading set to begin imminently, all eyes are now on how XRPC performs in its debut — and how the market reacts.

Whales Front-Run the XRP ETF While Retail Rushes In After the News

According to a recent CryptoQuant report by analyst Woominkyu, the behavior of large investors around the XRP Spot ETF announcement reveals a familiar pattern in crypto markets — whales moved first, retail followed after. Futures data shows that in the days leading up to the ETF’s approval, there was a clear rise in whale-sized orders, indicating that major players had begun positioning early while XRP’s price remained compressed and liquidity was low.

However, once the ETF announcement went public, retail-sized orders surged, signaling that smaller traders entered the market after the news broke. This dynamic — whales buying early and retail piling in later — often creates a volatile and less predictable environment.

When sentiment-driven buying overlaps with previously informed capital flows, short-term corrections and erratic moves tend to follow.

The launch of the XRPC ETF accelerated this shift, bringing in new participants who had been waiting on the sidelines.

While this doesn’t necessarily mark the end of XRP’s move, it does highlight a transition phase, where the balance of power between institutional accumulation and retail speculation will determine the next direction. The coming weeks will test whether whales choose to hold or start taking profits.

Bulls Find Support at $2.30

The weekly XRP chart shows the asset consolidating near $2.50, holding firm above its key support zone around $2.30 following the recent ETF-driven rally. The launch of the Spot ETF triggered sharp volatility, but the structure now suggests stabilization as the market digests this historic milestone.

From a technical perspective, the price remains in a mid-term bullish structure, with the 50-week moving average (blue line) acting as immediate dynamic support. Despite recent corrections from highs near $3.50, buyers have consistently stepped in at lower levels, signaling strong interest from institutional participants following the ETF approval.

A decisive weekly close above $2.70 could open the door for another leg higher toward $3.20–$3.50, where the next resistance cluster lies.

However, if the $2.30 zone fails to hold, the next significant area of demand sits around $1.90, aligning with the 100-week moving average (green line). Given current conditions, XRP appears to be entering a reaccumulation phase, with volatility compressing as traders wait for confirmation of the next move.

Featured image from ChatGPT, chart from TradingView.com

Ethereum (ETH) is showing renewed strength after the U.S. government ended its historic 43-day shutdown, an event that had weighed heavily on investor confidence across global markets.

Related Reading: Ethereum’s Fusaka Upgrade Is Just Around The Corner—What To Expect

ETH price is currently hovering above the $3,400 support zone after a volatile week marked by ETF outflows, declining volume, and intense bearish sentiment.

Shutdown Resolution Lifts Market Sentiment as ETH Reclaims Stability

The broader crypto market reacted positively to news of the shutdown’s resolution, helping Ethereum climb 3.18% on the day and outperform Bitcoin with a 3% gain. Analysts now expect ETH to rise toward $3,814 by November 18, representing a potential 10.37% short-term upside.

Despite the improved macro backdrop, Ethereum remains in a challenging technical position. Key support lies at $3,333 and $3,300, while resistance at $3,590 and $3,666 will determine whether ETH can break its current downtrend.

ETF products continue to show weakness, with all nine Ethereum ETFs recording zero inflows and a combined $107 million in outflows, suggesting institutions remain cautious.

Vitalik Buterin Unveils Scaling Outlook as DeFi Matures Globally

Ethereum co-founder Vitalik Buterin added optimism to the week by outlining a refreshed scaling roadmap and highlighting DeFi’s evolution into a viable global savings tool.

He emphasized that the DeFi ecosystem is now “night and day” safer compared to 2020, citing better security audits, stronger protocols, and improved user-fund recovery mechanisms through innovations like the “walkaway test.”

Central to Buterin’s roadmap is Ethereum’s ongoing Layer 1 and Layer 2 scaling strategy. With rollups, data availability upgrades, and new high-throughput solutions, such as systems already achieving over 10,000 transactions per second, Buterin believes Ethereum is on track to support the next wave of DeFi adoption.

He urged developers to maintain Ethereum’s core values: openness, censorship resistance, and interoperability. Buterin warned that abandoning these principles risks turning Ethereum into a “walled garden,” undermining the ecosystem’s global mission.

Institutional RWA Demand Surges as ETH Eyes Breakout Above $3,700

A growing bright spot for Ethereum is the explosive expansion of tokenised real-world assets (RWAs). More than $200 billion worth of RWAs now sit on-chain, driven by major institutions such as BlackRock and Fidelity.

The BUIDL fund’s tokenised Treasury products, built natively on Ethereum, showcase the network’s rising importance in traditional finance. Institutional RWA assets have surged nearly 2,000% since January 2024, strengthening Ethereum’s long-term fundamentals even as short-term volatility persists.

Related Reading: European Banking Regulator Says EU Crypto Framework Addresses ECB’s Stablecoin Concerns

Technically, Ethereum remains in a descending channel from its failed August rally toward $5,000. Analysts note that a decisive breakout above $3,700 could flip market structure bullish and reopen paths toward $4,700, especially if macro stability continues after the shutdown settlement.

Cover image from ChatGPT, ETHUSD chart from Tradingview

Bitcoin continues to face strong resistance as it struggles to reclaim higher supply levels, with price action stalling below the $105,000 mark. The market remains caught between cautious optimism and lingering fear, as selling pressure persists but downside momentum appears to be fading. According to on-chain data from Arkham Intelligence, whales have continued to offload significant portions of their holdings in recent days, contributing to the ongoing headwinds in the market.

However, despite this selling activity, analysts note growing signs of buyer absorption around the $100,000 zone, where strong demand has repeatedly prevented further declines. This balance between distribution and accumulation has split analyst opinions — some expect Bitcoin to dip further before stabilizing, while others see this phase as a reaccumulation zone that could precede a move toward new all-time highs.

As the market navigates this critical stage, liquidity concentration and whale behavior remain key indicators to watch. If selling pressure continues to ease and demand sustains near current levels, Bitcoin could be setting the foundation for its next major impulse.

OG Whale Sells $600 Million in Bitcoin Amid Market Uncertainty

According to data from Arkham Intelligence, one of Bitcoin’s earliest and most prominent holders, Owen Gunden, has recently offloaded a significant portion of his holdings — a move that has caught the attention of market analysts.

Gunden, who has held Bitcoin since late 2011, was sitting on approximately 11,450 BTC valued at $1.4 billion just a month ago. However, recent on-chain activity shows that he has sold around 6,100 BTC, worth roughly $616 million, reducing his holdings to $542 million.

This large-scale selloff comes at a critical time for Bitcoin, as the asset consolidates near the $100,000–$105,000 range amid mounting selling pressure from whales. Gunden’s decision to take profit after over a decade of holding suggests a combination of profit realization and market caution, particularly as macro uncertainty and liquidity stress weigh on risk assets.

While some view this as a bearish signal, others argue that such sales often mark the late stages of a distribution phase, where long-term holders transfer coins to new investors during consolidation. If Bitcoin maintains strong support near $100K despite this heavy selling, it could indicate deep market demand and the potential for a renewed accumulation phase.

Bitcoin Consolidates as Bulls Defend the $100K Level

The daily Bitcoin chart shows that BTC remains in a consolidation phase, trading around $103,000 after multiple attempts to rebound from the $100,000 psychological support zone. Despite persistent selling pressure and fading momentum, buyers continue to absorb liquidity near this level, keeping the structure relatively stable.

Price action shows a series of lower highs since mid-September, reflecting ongoing market hesitation and the dominance of short-term sellers. The 50-day and 100-day moving averages (blue and green lines) are currently acting as dynamic resistance levels, with BTC repeatedly failing to close above them. Meanwhile, the 200-day moving average (red line) provides a long-term anchor, currently positioned near $98,000, which remains the next major support level to watch.

Until then, the market is likely to remain range-bound, consolidating within the $100K–$105K corridor. A breakdown below $100K could trigger further downside pressure, while a successful defense may set the stage for a recovery toward the $110K–$115K range in the coming weeks.

Featured image from ChatGPT, chart from TradingView.com