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Has Bitcoin genuinely carved out a cycle low or just staged another reflexive bounce? After briefly threatening to lose the $80,000 level and then rebounding toward $88,000, the “bottom” debate is back in full force. On-chain analytics firm Santiment has weighed in – and its answer is cautiously skeptical.

Did Bitcoin Just Print Its Cycle Low?

The firm begins by criticizing the way market labels are thrown around. “The terms ‘bull market’, ‘bear market’, ‘topped’, or ‘bottomed’ can truly mean whatever narrative a trader, investor, or community wants it to mean,” Santiment notes, pointing out that few commentators define a clear timeframe when they call a top or bottom. This opens the door to extreme confirmation bias “after the uptrend or downtrend of prices are already well established.”

Still, the recent move off sub-$80,000 levels has been enough for some to argue that forced selling is behind us. Santiment acknowledges that “content that covers whether the ‘bottom’ has been established will always get some anxious traders excited again,” but stresses that price alone is not sufficient evidence.

On sentiment, the data looks contrarian-constructive. Santiment highlights “how far traders’ optimism regarding Bitcoin (as an investment) can fall after monthly gains are no longer a guarantee.” Its social metrics show an uptick in declarations that crypto is in a bear market and a rise in bearish commentary.

“The uptick in declaration of crypto being in a bear market, and rise of bearish sentiment are both clearly great signs,” the firm writes, reminding readers that “most major turnarounds occur when retail’s hope is mainly lost.” The open question: “Is the crowd’s hopes and dreams of getting their lambos really truly gone?”

Bearish Arguments Still Predominant

Derivatives positioning adds nuance. Aggregated funding rates show meaningful short exposure, but not yet at the extremes seen after the October 6 all-time high. “When we see many shorts like this […] it often stops the downtrend in its tracks,” Santiment explains, recalling how “many shorted about a week after the October 6th all-time high, and there was a temporary relief rally in late October as a result.” For now, though, “we’re not seeing quite the level of bets against the price of Bitcoin […] just yet anyways.”

Profitability metrics paint a similar picture. Both 30-day and 365-day MVRV remain negative, indicating the average holder sits on unrealized losses. Santiment underlines that MVRV “shows the ratio between the current price and the average price of every token acquired,” and that as it rises, “more market participants become willing sellers.” With MVRV still depressed, the firm argues that “a rebound above $90K again soon wouldn’t be a major surprise at all.”

The more concerning signals come from network fundamentals and holder structure. “If we look at the overall utility of Bitcoin, however, things look a bit dicey,” Santiment warns. Weekly new addresses have fallen from over 3.37 million at a mid-December 2023 peak to about 2.21 million now. Weekly active addresses are down from more than 963,900 to roughly 729,200. That underscores “declining utility” at a time when a durable bottom would typically coincide with stabilization or re-acceleration in network use.

Even more problematic is the whale-to-retail shift. Santiment calls this “one other major elephant in the room that should bring you a bit of hesitance that ‘the bottom is in’.” Addresses holding 10–10,000 BTC “continue to shrink their collective supply held,” while wallets with less than 0.1 BTC “continue to grow theirs.”

The firm is blunt: “This is the wrong combination to mark a bottom.” Since COVID-19, “institutionals have driven up just about every bull rally,” and this 10–10,000 BTC cohort “had a lot to do with the October 6th all-time high.” Yet “by October 8th […] [they] began to flat-line their holdings, and have been shrinking them for about six weeks straight now,” while “small wallets […] are the ones scooping up dips in hopes that they ‘catch the falling knife’.”

The verdict is split across timeframes. “Overall, data points to the most likely scenario being a short-term bounce,” backed by negative MVRV and vocal retail panic. But “Bitcoin clawing its way all the way to six figures looks like a stretch when […] whale bags are continuously appearing to be in ‘sell mode’.”

Santiment concludes that “the long-term direction is still pointing to down” as long as “declining utility and declining whale and shark holdings” persist – while reminding investors that “crypto markets could be full of surprises” as the New Year approaches.

At press time, Bitcoin traded at $86,884.

Stablecoins will soon find their way into US Bancorp’s systems as the lender has begun testing a bank-backed digital currency on the Stellar public blockchain, according to announcements made this week.

The effort is being run with help from the Stellar Development Foundation and consulting firm PwC, and it is being described as an experiment in how a mainstream bank might move dollars on a public ledger.

Stablecoins: Pilot Includes PwC And Stellar Support

According to the bank and project partners, the pilot examines features that matter to regulated finance, such as the ability to freeze an asset or unwind a transaction when needed.

Mike Villano, who leads digital-assets work at US Bancorp, said these controls are a major reason the bank is testing Stellar rather than an alternative chain.

Reports have disclosed that the work was discussed publicly during a Money 20/20 podcast featuring executives from US Bancorp, PwC and the Stellar Development Foundation.

Stellar Offers Quick, Low-Cost Settlements

Based on Stellar’s own technical notes, transactions on the network confirm in about three–five seconds on average.

The network also advertises very small fees — the average cost per operation is listed as roughly $0.000005 — and built-in account controls that let issuers add KYC, freeze and clawback options.

Those properties are exactly what US Bancorp says it wants to test for regulated payments and custody use cases.

Bank Expands Its Digital-Assets Unit

US Bancorp has already moved to put more resources behind crypto and token work. Last month the bank announced a dedicated unit focused on stablecoins and money movement, a signal that stablecoin trials are part of a broader push to build on-chain services.

Reports tie some of the momentum in the sector to warmer political winds from US President Donald Trump and other developments that have made executives more willing to explore tokenized cash and securities.

The bank has not named a rollout date or said whether the pilot is for institutional partners only or for a wider set of customers.

Stablecoins: What This Means For Customers And Markets

Based on reports and the technical detail published by Stellar, the pilot is set up more as a compliance-first test than a bet on speculative trading.

US Bancorp is treating the stablecoins pilot as an extension of payments and custody services, not a retail crypto product for consumers right now.

Market participants will watch whether the trial shows that a public blockchain can meet bank rules without losing the ability to correct mistakes or follow court orders.

Featured image from Global Finance Magazine, chart from TradingView

The market downturn has hit Solana hard as a majority of its supply is now underwater. Here’s how Bitcoin, XRP, and Ethereum compare.

Bitcoin, XRP, And Ethereum Are Currently Far Below Solana In Loss Supply

In a new post on X, on-chain analytics firm Glassnode has talked about how some of the top assets in the cryptocurrency sector compare in terms of the Percent Supply in Loss. This indicator measures, as its name suggests, the percentage of a given asset’s circulating supply that’s currently being held at a loss.

The metric works by going through the transaction history of each coin in circulation to see what price it was last moved at. If the last transfer price was more than the current spot price for any token, then that particular token is considered to be in a state of net unrealized loss.

The Percent Supply in Loss adds up all coins of this type and determines what part of the supply they make up. Like this indicator, there also exists the Percent Supply in Profit, which tracks the supply of the opposite type. Since the total supply should add up to 100%, only one of these metrics needs to be known; the other can simply be found by subtracting it from 100.

Now, here is the chart shared by Glassnode that shows how the Percent Supply in Profit has changed for Bitcoin, XRP, Ethereum, and Solana over the last few months:

As displayed in the above graph, the Percent Supply in Profit has plummeted for all of these cryptocurrencies recently. In other words, the Percent Supply in Loss has shot up. This shift in investor profitability has come as a result of the bearish momentum that the various assets have faced. It’s visible in the chart, however, that the change hasn’t been proportionate for all of the coins.

While XRP, Ethereum, and Bitcoin have shown similar trajectories, Solana has broken away with a much steeper decline in the indicator. Today, the Percent Supply in Profit is sitting at a value of 25.16%. This means that almost 75% of the cryptocurrency’s supply is underwater now.

In contrast, the Percent Supply in Loss remains at 34.91%, 38.37%, and 36.70% for Bitcoin, Ethereum, and XRP, respectively. Thus, despite the market downturn, a majority of the supply is still in the green for the three largest coins in the sector (excluding stablecoins).

Typically, a high value on the Percent Supply in Loss corresponds to market conditions where not many profit-sellers are left anymore. Considering this, Solana having most of its supply underwater could, in theory, imply that it’s closer to seller exhaustion than Bitcoin and company.

SOL Price

Solana has shown some recovery over the past few days as its price has climbed back to the $137 level.

Bitcoin is struggling to find support as selling pressure accelerates and uncertainty spreads across the crypto market. After hitting its all-time high near $126,000 in early October, BTC has now lost more than 35% of its value, shaking investor confidence and fueling growing calls that the current bull cycle has ended. Market sentiment has shifted rapidly, with traders, analysts, and long-term participants reassessing expectations as price volatility intensifies and liquidity thins across major exchanges.

What makes the current phase even more concerning is the behavior of short-term holders, who historically act as the most reactive segment of the market. According to key data shared by On-Chain Mind, short-term holders are now locking in the biggest realized losses in Bitcoin’s entire history. This level of loss realization surpasses the capitulation seen during the China mining ban, the FTX collapse, and even the COVID crash, marking an extreme phase of market distress.

This unprecedented level of capitulation suggests that panic has taken control, with newer entrants exiting positions at steep losses. While some analysts argue that such events have historically preceded major reversals, others believe it signals the beginning of a prolonged downtrend. The coming days may determine which narrative takes hold.

Short-Term Holders Face Record Losses as Market Capitulates

On-Chain Mind reports that short-term holders are locking in more than $900 million in losses per day. This extreme level of loss realization reflects a phase of true capitulation.

Short-term holders are historically the most sensitive to sharp price swings, and when they begin exiting at such magnitude, it often signals a breaking point in market sentiment. The data suggests that panic selling has reached levels never seen before, even when compared to major historical shock events.

During the COVID crash, the China mining ban, and the FTX implosion, realized losses spiked sharply, yet none of those events reached the current scale. This places the present correction in a category of its own and raises questions about the structural stability of the market over the coming weeks. Some analysts argue that this marks the definitive beginning of a bear cycle, where confidence erodes and capital rotates out of risk assets.

However, there remains a smaller group of optimistic voices who note that extreme capitulation has often preceded powerful recoveries. If Bitcoin stabilizes and buyers return, this could form a major macro bottom. The next move will likely define the market’s trajectory.

BTC Tests Weekly Support After Sharp Reversal

Bitcoin’s weekly chart shows a steep reversal from the all-time high near $126,000, with price now trading around $86,900 after a rapid decline. The drawdown has positioned BTC back toward the key 100-week moving average, which is currently sitting just above $83,000 and acting as an important structural support level.

Historically, this moving average has defined the boundary between bull-phase retracements and full macro trend breakdowns. A clean weekly close below it would strengthen the bear-market narrative that many analysts are now beginning to promote.

Despite the severity of the decline, price is beginning to stabilize, forming a small reaction wick suggesting early attempts at demand absorption around the $80,000–$85,000 zone. This region coincides with prior consolidation from early in the cycle, making it a logical area for buyers to defend.

However, momentum indicators remain pointed downward, and the distance from the 50-week moving average highlights the loss of trend strength.

For the bullish case to re-emerge, Bitcoin would need to reclaim the $95,000–$100,000 band, where broken support now acts as resistance. Until then, uncertainty remains elevated, and the weekly structure leans cautiously bearish.

Featured image from ChatGPT, chart from TradingView.com

U.S. Bancorp’s entry into the stablecoin arena has injected fresh excitement into the Stellar ecosystem, marking a significant shift as major financial institutions begin leveraging public blockchains for real-world money movement.

Related Reading: Hoskinson Claims Cardano Revival Starts Now: Here’s What’s Coming

The fifth-largest U.S. bank is piloting a dollar-backed stablecoin on Stellar, an initiative that could accelerate institutional adoption and strengthen market confidence in XLM heading into year-end.

U.S. Bancorp Selects Stellar for Bank-Grade Stablecoin Infrastructure

The Minneapolis-based banking giant has partnered with PwC and the Stellar Development Foundation (SDF) to test programmable deposits and stablecoin payments on Stellar’s public blockchain.

What sets Stellar apart, according to U.S. Bank’s digital assets head Mike Villano, is its built-in ability to freeze assets, unwind transactions, and enforce compliance at the protocol level.

These capabilities are essential for regulated banks that must adhere to KYC, AML, and consumer protection standards. Unlike traditional “business logic” solutions, Stellar offers these controls directly at the blockchain layer, giving banks the confidence needed to explore tokenized finance.

The pilot arrives amid a resurgence of institutional interest. Banks, including Citi, Goldman Sachs, and Bank of America, have begun designing stablecoin frameworks. U.S. Bank recently relaunched its digital assets division to tap into opportunities in custody, tokenisation, and blockchain-based payments.

Institutional Momentum Could Drive Mainstream Stablecoin Adoption

If successful, U.S. Bancorp’s trial could pave the way for fully regulated, deposit-backed stablecoins issued directly by banks, unlocking new efficiencies for cross-border transfers, treasury operations, and global settlements.

With projections suggesting that stablecoin payments could reach $1 trillion annually by 2030, banks are racing to claim their share of the digital payments market.

Stellar’s high uptime, low-cost settlement, and remittance-focused architecture make it an appealing choice for real-world financial applications. As institutions embrace public blockchains, Stellar stands positioned as one of the few networks offering both decentralization and the regulatory controls banks require.

XLM Price Outlook: Analyst Targets Signal 24–36% Upside

The U.S. Bancorp announcement has arrived at a pivotal time for Stellar’s native token, XLM. Trading near $0.25, the asset is showing early signs of bullish momentum, supported by:

• MACD bullish divergence
• Neutral RSI at 42, offering room to climb
• Price sitting on 20-EMA support
• Breakout potential above $0.28–$0.31

Analysts expect XLM to target the $0.31–$0.34 range within the next 2–4 weeks, a potential 24–36% upside, if volume expands and the broader crypto market remains stable. A break below $0.22 would invalidate the bullish thesis.

Related Reading: South Korea Risks Stablecoin Legislation Delay As Financial Authorities Clash With BOK

As Wall Street experiments with Stellar’s blockchain, institutional utility could become a significant driver for XLM’s long-term valuation. With new banking-grade use cases emerging, Stellar’s relevance in the digital-asset ecosystem continues to grow, positioning XLM for potential year-end strength.

Cover image from ChatGPT, XLMUSD chart from Tradingview

The Dogecoin ETF has delivered a rather disappointing debut, falling far short of market expectations and trailing behind the launch performance of both the XRP and Solana ETFs. Despite Dogecoin’s popularity and dedicated community, the ETF has struggled to generate significant inflows and attract strong institutional demand. Early trading numbers also came nowhere near the initial projections from top ETF analysts.   

Dogecoin ETF Launches With Muted Results

Dogecoin’s much-anticipated ETF debut has gotten off to a slow start, with initial trading figures falling well below projections. Currently, only the Grayscale Dogecoin ETF (GDOG) has been successfully launched. Despite being the second-largest Bitcoin fund and managing one of the top Ethereum ETFs, Grayscale has failed to attract significant institutional or retail interest in its Dogecoin ETF. 

According to data from SoSoValue, Grayscale’s Dogecoin ETF recorded a first-day trading volume of just $1.41 million, with cumulative net inflow totaling $1.8 million. Even more surprisingly, investor enthusiasm cooled quickly: the second day of trading on November 25 saw inflows drop sharply to $381,650, a roughly 73% decrease from the previous day. 

Earlier this year, the ETFs for DOGE, Solana, and XRP were among the most highly anticipated launches for investors. On November 21, the US Securities and Exchange Commission (SEC) confirmed the approval of the Dogecoin ETF. Despite the initial excitement over the approval and the subsequent rebound in DOGE’s price, the Dogecoin ETF failed to attract strong inflows.  

Even top ETF analyst Eric Balchunas initially predicted that the Grayscale Dogecoin ETF could attract $11 million in inflows on its debut day, later revising the estimate to $12 million on the day GDOG went live. With just $1.41 million in inflows, the ETF’s performance has disappointed both investors and analysts.

DOGE ETF Lag Behind Solana And XRP ETFs

The Grayscale Dogecoin ETF’s performance stands in stark contrast to the recent debut of the XRP ETF, which recorded an explosive $243.05 million in daily net inflows on its first day of trading on November 14. This represents a dramatic increase compared to GDOG’s first-day volume, highlighting the level of market excitement surrounding XRP. 

Notably, the XRP ETF has recorded almost 10 consecutive days of inflows, totaling $622.1 million in cumulative net inflows. This strong performance was spearheaded by Canary Capital’s XRP ETF, which made a historic debut by hitting $58 million in trading volume. 

On the other hand, Solana ETF inflows have also outperformed that of DOGE. When the Solana ETF launched in late October, it attracted over $64 million on its first day of trading. While this initial figure was not as explosive as XRP’s early numbers, it still dwarfed GDOG’s debut by more than 4,439%. Currently, Solana ETFs have maintained steady inflows since their launch, resulting in cumulative net inflows of $621.32 million. 

The crypto market is entering a decisive moment as Bitcoin and most major altcoins continue to face intense selling pressure, with investors increasingly capitulating and locking in losses. Short-term holders are realizing losses at historic levels, while liquidity thins across spot and derivatives markets. Yet, amid this downturn, a new development from Japan introduces a potential long-term catalyst for structural growth within the digital asset ecosystem.

A report from CryptoQuant reveals that Japan’s Financial Services Agency (FSA) has finalized its 2025 Working Group on crypto-asset reform, outlining a sweeping redesign of the nation’s regulatory framework. The reforms reflect a clear acknowledgement that crypto assets have evolved into mainstream investment instruments, while risks—ranging from fraud to opaque trading venues—have expanded alongside adoption.

The core shift transitions crypto oversight away from the Payment Services Act and into the Financial Instruments and Exchange Act, strengthening investor protection through standardized disclosures, unfair-trading controls, clearer issuer-risk communication, and enhanced technical and security transparency.

The framework also targets unregistered offshore platforms, explores a regulatory category for decentralized exchanges, and introduces reserve-fund requirements to protect users against hacks.

Japan’s Regulatory Shift Could Unlock a New Wave of Crypto Demand

The report by XWIN Research Japan highlights that, from an on-chain perspective, Japan currently appears to play a limited role in crypto activity. Estimates suggest that only 20,000 to 40,000 unique active Bitcoin addresses per day originate from Japan, compared with a global range of 450,000 to 800,000. Measured solely through address activity, Japan seems to be a marginal participant in worldwide on-chain demand, especially when compared with the US, Europe, and emerging Asian markets.

However, the report emphasizes that address counts dramatically underestimate Japan’s potential influence. The country holds one of the largest pools of household financial assets in the world, with trillions in savings sitting in conservative instruments.

If the new regulatory framework opens access to Bitcoin and digital assets through ETFs, institution-managed products, retirement accounts, and compliant investment platforms, capital inflows could rise sharply. Under these conditions, Japan could evolve into a major driver of market demand, far exceeding what current blockchain activity implies.

These reforms represent a foundational shift toward a transparent, secure, and institution-ready crypto environment. As investor protections increase and access barriers fall, large asset managers may enter the space with confidence. In the long term, this could apply meaningful upward pressure on Bitcoin’s supply-demand balance and reshape regional participation dynamics within the global crypto market.

Crypto Market Pullback Reaches Key Support Zone

The total crypto market cap is showing clear signs of stress as it pulls back sharply from the $4 trillion region and now trades around $2.96 trillion. The weekly chart reveals a decisive breakdown from the prior consolidation range, with momentum shifting downward as sellers dominate. This decline has erased months of gains and taken the market back to levels not seen since early summer, reflecting the intensity of the correction across Bitcoin, Ethereum, and major altcoins.

Price is currently sitting near the 100-week moving average, a historically important dynamic support level that has acted as a springboard during previous market recoveries. If this level holds, the market could establish a temporary bottom and attempt a rebound toward the $3.2T–$3.4T zone.

However, if the market cap falls below the 100-week MA with conviction, the next major area of support stands near the 200-week moving average around $2 trillion, which would imply significantly deeper downside.

Trading volume has increased during the decline, signaling strong participation in the selloff rather than a low-liquidity drift lower. This reflects fear-driven capitulation rather than gradual correction. For sentiment to shift, buyers must step in and defend current levels with consistency.

Featured image from ChatGPT, chart from TradingView.com

The Federal Reserve is now days away from halting its multi-year balance-sheet reduction, and the shift is beginning to ripple through Bitcoin and crypto discussions. The approaching end of Quantitative Tightening (QT) is a clear turn in monetary policy, and analysts are already pointing to historical parallels from the last time QT stopped. One particular analysis highlights how the previous transition from QT to liquidity expansion correlated with an altseason, leading to expectations that the same thing could happen again.

QT’s Final Days And Why It Means For Bitcoin And Crypto

Quantitative tightening has applied steady pressure on liquidity since 2022. But in its most recent policy decision (late October 2025), the US Fed decided to stop the balance-sheet runoff and cease QT as of December 1, 2025.

The end of quantitative tightening means a transition into a more accommodative environment, one where liquidity stops shrinking and investor confidence gradually returns. This is especially important for the crypto sector, which tends to flourish when monetary conditions loosen and capital becomes more fluid. 

The QT will officially end in seven days, and this will be the end of the most restrictive monetary phase in years. As seen in previous cycles, the conclusion of QT in late 2019 was the start of an intense rally across the altcoin market. As it stands, altcoins have endured several years of underperformance as investors favored Bitcoin and even gold. The macro environment has been unfriendly to high-risk assets, and this has suppressed volatility and inflows. 

However, this is expected to end once the QT is over. The premise is based on the last time QT ended, when the market witnessed many tokens rising between 10x and 100x in a matter of months. 

The same setup is forming again in November 2025, and from here we might see many leading altcoins like XRP and Dogecoin starting to outperform Bitcoin in December 2025, and many medium- to low-market-cap altcoins going on 10x and 100x rallies within the first few months of 2026.

OTHERS/BTC Chart. Source: @CryptoReviewing On X

The OTHERS/BTC Chart And Signs Of A Breakout

A significant part of this outlook is based on the OTHERS/BTC chart, which is a market-wide comparison between Bitcoin and the rest of the crypto market outside of the top 10 cryptocurrencies. As shown in the chart above, from the last time quantitative tightening ended, the altcoin market outperformed Bitcoin by almost 630% over the course of 845 days. 

Right now, the OTHERS/BTC action is playing out in what looks like a falling wedge pattern with a series of lower highs and lower lows. This pattern is known to be mostly bullish, and the prediction here is a bullish breakout from the upper resistance trendline. 

The chart projects another 845-day expansion period, matching the previous cycle, once QT officially ends. The estimated potential gain is more than 300% for the OTHERS/BTC ratio if a similar pattern unfolds.

Institutional investors last week dumped Bitcoin, Ethereum, and Solana for XRP. This came as BTC, ETH, and SOL recorded major outflows while XRP bucked the trend, with significant inflows. 

Institutions Offload Bitcoin, Ethereum, Solana For XRP

A CoinShares report showed that Bitcoin, Ethereum, and Solana funds saw outflows of $1.27 billion, $589 million, and $156 million, respectively. Meanwhile, the XRP funds recorded net inflows of $89.3 million last week. Notably, XRP was one of the few altcoins to see inflows, as crypto funds as a group posted total outflows of $1.94 billion last week. 

This marked the 4th consecutive week of outflows for crypto funds, totaling $4.92 billion and representing 2.9% of total assets under management (AuM). The CoinShares report also noted that this is the 3rd largest run of outflows since 2018, only topped by March 2025 and February 2018. Despite these outflows, the total inflows into Bitcoin, Ethereum, Solana, XRP, and other crypto funds this year remain high at $44.4 billion. 

It is worth noting that the U.S. spot XRP ETFs were launched just recently, which could explain why they are attracting the most attention from institutions over Bitcoin, Ethereum, and Solana. SoSo Value data shows that U.S. spot XRP funds recorded net inflows of $199.45 million last week, which is why XRP saw net inflows despite outflows across the board. 

Inflows into the XRP funds have come despite the crypto market’s downtrend. Bitcoin, Ethereum, Solana, XRP, and other coins have also suffered significant price crashes during this period. However, the inflows into the U.S. XRP ETFs have provided a boost for the XRP price, which has again climbed above the psychological $2 level after dropping to as low as 1.8 last week. 

XRP Funds Continue To Lead The Way This Week

SoSo Value data shows that XRP funds continue to lead the way this week in terms of inflows, ahead of Bitcoin, Ethereum, and Solana. The U.S. spot XRP ETFs as a group have seen a net inflow of $199.45 million over the first two trading days of this week. Specifically, they recorded a net inflow of $164.04 million on November 24, thanks to the launch of the Grayscale and Franklin Templeton XRP ETFs. 

Grayscale and Franklin Templeton’s XRP ETFs saw inflows of $67.4 million and $62.6 million, respectively. It is worth mentioning that 21Shares, CoinShares, and WisdomTree are yet to launch their XRP funds. As such, the inflows into these funds as a group could still increase significantly when they launch. Canary Capital CEO Steven McClurg had earlier predicted that these funds could take in $10 billion in inflows in their first month of trading.

Heightened volatility continues to hamper Bitcoin’s price, which is currently hovering around the $86,000 threshold after falling from its all-time high. During this prolonged period of bearish price action, there has been an increase in long bets among investors, especially large holders, also known as whales.

Whale Dominates Bitcoin Long Positions

While the price of Bitcoin struggles to gain upward traction once again, an interesting divergence has been observed among BTC whales and retail investors. Specifically, the BTC derivatives market is showing a startling imbalance where retail traders are either wary or outright suspicious, and whales are stocking up on long bets at one of the most aggressive levels witnessed this cycle.

Joao Wedson, a market expert and the founder of Alphractal, shared this development on the social media platform X after examining the key Bitcoin Whale Vs. Retail Delta metric. Presently, an intriguing picture of market psychology is being painted by this growing gap between large holders and small investors.

Following the research, the expert found that whale investors are heavily positioned in long bets in comparison with retail holders for the first time in the history of BTC. This implies that institutional-sized wallets are exhibiting a strong commitment toward a possible significant upside move as retail continues to hedge, de-risk, or stay on the sidelines.

Another interesting part of this divergence between the two cohorts is the potential of a local bottom in BTC’s price. Wedson highlighted that whenever these levels reached this high in the past, it usually led to local bottoms, suggesting that a flip in Bitcoin’s current price trend might be on the horizon.

However, this could also result in the liquidation of large positions. In the meantime, speculations are whether retail is once again missing the signal before the next major swing or if the whales are early.

BTC 100+ Whale Wallets On The Rise

BTC whales are not only loading up on the flagship crypto asset via long bets. A recent report from Santiment, a leading market intelligence and on-chain data analytics platform, reveals a growing BTC accumulation trend on-chain among the cohort. Whales returning to the market hints at increased conviction in Bitcoin and its long-term prospects.

This renewed buying spree is evidenced by the ongoing rise of whale wallet addresses containing at least 100 BTC. Santiment highlighted that the number of the cohort has experienced a +0.47% increase since November 11, as 91 new wallets emerged within the time frame. 

Bitcoin whales may be rising, but this has not been the case for small or retail investors, particularly wallet addresses holding 0.1 BTC or more. During the same time frame, the group has decreased in numbers, signaling an impending capitulation among retailers. However, according to Santiment, retail capitulation will generally play out well for cryptocurrency prices in the long run.

Kevin Hassett has surged ahead in the race to become the next Federal Reserve Chair, as the crypto market watches closely. Hasset emerged as President Donald Trump’s preferred candidate while the administration accelerates its search ahead of a planned Christmas announcement.

With Jerome Powell’s term ending in May 2026, the stakes for markets, especially crypto, are enormous.

Hassett Leads the Pack as Trump Eyes Aggressive Rate Cuts

Multiple reports from Bloomberg, Reuters, and other outlets confirm that Hassett, the current director of the White House National Economic Council, has become the clear frontrunner among five finalists vetted by Treasury Secretary Scott Bessent.

Others still in contention include Kevin Warsh, Christopher Waller, Michelle Bowman and BlackRock executive Rick Rieder. But it is Hassett’s alignment with Trump’s preference for faster and deeper interest-rate cuts that has put him in pole position.

In recent interviews, Hassett said he would cut rates “right now” based on current economic data, a sharp contrast to Powell’s more cautious approach. Prediction platforms like Kalshi and Polymarket now show Hassett with roughly 55%–57% odds of being nominated, well ahead of his rivals.

Crypto Ties Raise Questions, and Fuel Market Optimism

Hassett’s candidacy is drawing extraordinary attention from the digital asset world. Earlier this year, he disclosed holding more than $1 million in Coinbase stock, along with receiving over $50,000 for serving on Coinbase’s Academic and Regulatory Advisory Council.

He also chaired the White House’s digital asset working group, crafting key crypto-policy recommendations, including stablecoin regulation, taxation guidelines and elements of the administration’s Strategic Bitcoin Reserve proposal.

These ties have sparked questions about potential conflicts of interest, given the Fed’s oversight of banking exposure to crypto and stablecoin frameworks.

Yet many industry analysts view his ascent as a major bullish catalyst. Bitwise strategist Juan Leon said a Hassett-led Fed would be “strongly supportive of digital assets,” citing his dovish monetary stance and direct industry experience.

Markets Brace for a Potentially Transformative Fed Shift

Trump’s dissatisfaction with Powell, combined with internal divisions over inflation, labor data and the pace of easing, has only intensified speculation. The Fed has already delivered two cuts this fall, with markets widely expecting a third in December.

If nominated and confirmed, Hassett would usher in one of the most crypto-friendly and pro-growth Federal Reserve leaderships in modern history.

With the announcement expected before Christmas, both Wall Street and the crypto markets are watching closely for what could be a defining moment for monetary policy and digital asset regulation.

Cover image from ChatGPT, BTCUSD chart from Tradingview

CME Group has confirmed through its official communications on X that spot-quoted futures for XRP and Solana will go live on December 15, subject to regulatory approval. 

The message was simple but clear, and these crypto heavyweights might see new institutional products hitting the market soon. The announcement quickly led to attention across the crypto market, given CME’s position as the leading venue for institutional-grade derivatives.

Understanding Spot-Quoted Futures For XRP And Solana

The crypto market is beginning to regain some upward momentum after several weeks of persistent declines. Prices have struggled since the start of November, yet the industry has continued moving forward in important areas. 

This trend is especially due to the launch of Spot XRP ETFs and Spot Solana ETFs in the US, with issuers like VanEck, Bitwise, Fidelity, and Franklin Templeton all introducing altcoin-based products that are now competing for institutional attention.

The recent update by the CME Group shows that there are still many important crypto products to be launched. The introduction of XRP and Solana into CME’s expanding list of futures offerings arrives at a time when demand from professional investors is widening beyond Bitcoin and Ethereum. 

Institutions have been searching for regulated pathways to participate in major altcoins, and CME’s timeline suggests that both crypto assets are about to enter into a new layer of market infrastructure comparable to Bitcoin and Ethereum.

Spot-quoted futures are designed to follow the live prices seen in the spot market rather than using an index or blended reference rate. CME has structured these contracts to be smaller and easier to access, with the group noting that “good things come in small packages.”

Why This Launch Matters For Institutional Access

CME’s move demonstrates that institutional interest in altcoins has reached a new level. Providing spot-quoted contracts creates a simpler, more direct way for large investors to trade these assets without confronting the operational risks of holding them outright.

CME also disclosed earlier in the year that it plans to introduce full 24/7 trading by early 2026. This step was aimed at matching the continuous pace of the crypto market, rather than waiting for traditional market windows.

In terms of price action, both cryptocurrencies are starting to look good. XRP is now back trading above $2.20, while Solana has reclaimed $140. 

It’s important to note that the new Spot-Quoted XRP and SOL futures are still waiting for approval. As December 15 approaches, many altcoin traders will be watching for regulatory clearance. Once approved, XRP and Solana could experience a noticeable change in institutional interaction, and this will undoubtedly contribute positively to price action before the end of the year.

In a notable step forward, Cardano (ADA) has achieved yet another major milestone that cements its growing position in the broadening world of digital finance. Despite ongoing waning price performance, the leading altcoin is persistently viewed as a reliable asset in next-gen financial infrastructure, as evidenced by its recent confirmation as ISO 20022 Compliant.

CoinMarketCap Confirms Cardano as ISO 20022 Compliant

Amid increased recognition of crypto assets in the financial sector, Cardano continues to make its presence known. A recent report from Mintern, the Chief Meme Officer (CMO) at Minswap, shows that Cardano has just secured a major boost in terms of credibility. 

According to the report from Mintern, the altcoin has officially appeared on CoinMarketCap’s ISO 20022-compliant list. ISO 20022 is a global messaging standard used by banks and Traditional Financial institutions for payments and financial transactions.

The notable milestone now places ADA among a select group of digital assets that align with the global financial messaging standard of ISO 20022. This is more than just a cosmetic label for Cardano and the network’s ecosystem. 

Mintern highlighted that ADA’s inception into the ISO 20022-compliant category on CoinMarketCap is a big signal for Traditional Finance (TradFi) integration. Furthermore, it represents growing awareness of the network’s technological excellence and its potential contribution to the upcoming generation of interoperable, regulated financial infrastructure. 

Cardano’s inclusion could be a turning point in its development from a research-driven blockchain to a potential backbone for international digital finance. As established institutions move faster toward ISO-driven modernization, the leading altcoin is at the forefront of the change, bridging the gap between the cryptocurrency and financial sectors.

The chart shows that Cardano is the second-largest by market capitalization behind XRP. Other assets included in the list are Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Algorand (ALGO), and XDC Network (XDC).

Why The ISO 20022 Standard Is Relevant To ADA

Cardano’s compliance with the ISO 20022 messaging standard could be beneficial to the asset. Mauro Andreoli, an ambassador and attorney of the Buenos Aires Bar Association, has outlined why this standard is relevant to the ADA.

As banks, payment systems, and fintechs migrate to ISO 20022, this standardized message layer will become increasingly important. This is where Cardano steps in, which intends to act as serious infrastructure for public services and real-world finance, and not just as a speculative asset.

For ADA, the significant topic of discussion is not whether the asset is an ISO 20022 coin. Rather, how Cardano-based protocols, bridges, and products can interact with the broader financial system by reliably speaking this language.

In the midst of the growing adoption of the ISO 20022 by traditional finance, governments and institutions’ choice of blockchain must comply with that requirement. Meanwhile, Cardano is well-positioned to accomplish this because of its architecture, focus on rigor, and robust technical community.

Coinbase Ventures has outlined a roadmap for where it expects the next wave of crypto value creation in 2026, centering on real-world asset perpetuals, specialized exchanges, “next-gen DeFi,” and the convergence of crypto with AI and robotics. The firm presents the document as an answer to the recurring founder question: “What should I build next?” and says it is “actively looking for the right teams to invest behind in these categories.”

The team argues that 2025 quietly reset crypto’s foundations. They highlight “stablecoin infrastructure reshaping payments,” cross-chain proofs collapsing settlement times “that once took days,” and new DEX models that enabled “markets for everything onchain.” Regardless of current price action, Coinbase Ventures writes: “We are as bullish as ever about what’s next.”

Major Crypto Trends For 2026

The first major theme is real-world asset derivatives. Kinji Steimetz argues that “RWA perpetuals” are emerging as the fastest way to bring offchain assets onchain, describing perpetuals as “crypto’s most proven trading product” and “a structurally faster and more flexible path than tokenization.”

Because perpetuals do not require custody of an underlying, Coinbase Ventures expects “the perpification of everything,” with “markets [forming] around virtually anything,” from private companies to economic data prints. Steimetz also links this to macro integration, noting that as crypto traders become more sophisticated, they will seek onchain exposure to “oil, inflation breakevens, credit spreads, and volatility.”

A second cluster focuses on market structure and trading interfaces. On Solana, Steimetz points to “Prop-AMMs” where resting liquidity is only executed via aggregators, insulating LPs from “predatory flow.” This “prop-driven approach,” the blog argues, could “meaningfully advance market structure innovation ahead of base-layer improvements” and is not limited to Solana spot markets.

In parallel, Coinbase Ventures sees prediction markets as “one of the leading consumer crypto applications,” but still hampered by fragmentation reminiscent of early DeFi. Jonathan King expects “prediction market aggregators” to become the “dominant interface layer,” consolidating more than $600 million in liquidity and providing an Axiom-like terminal for event contracts. He imagines trading terminals with “advanced order types, filters / charts, multi-venue routing and position tracking, cross-venue arbitrage insights, and more.”

Under “Next-gen DeFi,” the firm highlights three fronts: composable perp markets, unsecured credit, and privacy. Perpetual futures, it argues, are evolving from isolated venues into building blocks for capital-efficient systems where users can “simultaneously hedge, earn, and leverage without sacrificing liquidity.” Coinbase Ventures notes that perp DEX volumes have reached roughly $1.4 trillion per month and grown about 300% year-on-year, and expects 2026 to see deeper integrations with lending protocols so collateral can earn yield while backing leveraged positions.

On credit, King calls unsecured, credit-based money markets “DeFi’s next frontier,” pointing to $1.3 trillion in revolving, unsecured US credit lines as the addressable opportunity. The blog envisions models that blend onchain reputation with offchain data to unlock “unsecured lending at scale,” while warning that the core challenge is “designing sustainable risk models that scale.” If that can be achieved, Coinbase Ventures argues that DeFi becomes “genuine financial infrastructure that can outcompete traditional banking rails.”

Privacy is framed as a prerequisite for institutional and mainstream adoption. Ethan Oak notes that institutions and professional traders “cannot trade if they constantly leak their strategies,” and that ordinary users do not want “their entire financial history” exposed onchain. The team sees growing developer energy around privacy-preserving assets such as Zcash, private orderbooks and borrow-lend protocols, and “dedicated blockchains for payments touting privacy as a raison d’etre.” They highlight advanced cryptography – “ZKPs, FHE, MPC, TEEs” – as tools to let blockchains “maintain their verifiability while reducing user’s public exposure to bad actors.”

The final category connects crypto with AI and robotics. On robotics, Steimetz points to a shortage of “fine-grained physical interaction data such as grip, pressure, or multi-object manipulation,” and suggests that incentivized data-collection schemes inspired by DePIN “could offer a viable framework” for scaling these datasets.

On identity, Hoolie Tejwani warns that we are “approaching the tipping point where everything you see on an internet connected digital screen will be disassociated and indistinguishable from human provenance vs. AI generated.” Coinbase Ventures argues that “a combination of biometrics, cryptographic signing, and open source developer standards” will be crucial to any “proof of humanity” solution, noting that Worldcoin has been “ahead of the curve” but stressing they “would love to support multiple approaches.”

Finally, King describes AI for smart-contract development as nearing its “GitHub Copilot moment,” predicting that AI agents will let “non-technical founders [launch] onchain businesses in hours, not months,” by handling “smart contract code generation, security reviews, and continuous monitoring.”

Looking ahead to 2026, Coinbase Ventures says it is “energized by the builders taking big swings and pushing the onchain economy forward,” but concedes that “the most exciting projects often come from places no one expects,” leaving the door open for theses that have yet to be written.

At press time, the total crypto market cap stood at $2.96 trillion.

Strategy’s share price has taken a beating this year, but its Bitcoin hoard remains in the black and still changes the long-term picture for investors.

Strategy Bitcoin Holdings Still In Profit

According to BitcoinTreasuries.NET and company disclosures, Strategy bought its Bitcoin at an average cost of $74,430 per coin. With Bitcoin trading around $86,000, that basket is still up roughly 16% on paper.

The firm stepped up its buys on Nov. 17, adding 8,178 BTC for $836 million. Michael Saylor, Strategy chairman, said “I won’t back down.” That move pushed its total to 649,870 BTC, a stash currently worth nearly $56 billion. Short-term swings have hit the stock hard, but the crypto holding itself is not the same as the equity price.

I Won’t ₿ack Down

— Michael Saylor (@saylor) November 23, 2025

In markets, appearance matters. Shares that once traded near $300 in October slid to about $170 at the time of recent reporting. Over the last year the stock is down close to 60%, and it has fallen by more than 40% year-to-date. Those drops have worried some, yet the balance sheet tied to Bitcoin tells a different numeric story.

Investors Use Strategy As A Hedge

Based on reports and market commentary, the stock’s weakness is partly technical. In a recent interview, BitMine chairman Tom Lee pointed out that Strategy’s options market is very liquid, making the stock an easy tool for large players to hedge Bitcoin exposure.

Traders can buy puts or short the equity instead of wrestling with less liquid crypto derivatives. That choice can press the share price independently of whether the company’s Bitcoin position is healthy.

Analysts warned that a deep drop in BTC could force the firm to sell coins and that such a move would put extra pressure on both the stock and Bitcoin itself. He said the risk is there, even if it looks distant today. In plain terms: one day of panic could create a chain reaction. For now, it remains hypothetical rather than immediate.

Stock Returns Outpace Tech Peers

Five-year returns show a stark contrast. Strategy’s shares have climbed more than 500% over that window, compared with Apple’s 130% and Microsoft’s 120%.

Over two years the firm’s stock rose about 226%, while Apple gained 43% and Microsoft gained 25% in the same period. These numbers underline why long-term investors have supported the firm’s strategy despite recent turbulence.

Featured image/photo illustration by Alice Morgan/Getty Images, chart: TradingView

Quick Facts:

• Arthur Hayes believes Bitcoin can’t go under $80K in 2025’s Q4, but that it won’t go much higher either; he expects the bull in 2026.
• He suggests the real opportunity now lies in Bitcoin Layer 2s, DeFi rails, and on‑chain leverage exchanges rather than spot $BTC itself.
• Strong presale traction for Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST) suggests growing appetite for infrastructure projects as traders rotate beyond spot $BTC exposure.
• Meanwhile, Hyperliquid dominates decentralized perps volume with sub‑second on‑chain execution and HIP‑3 fee cuts, positioning it well if derivatives trading surges.

Arthur Hayes thinks Bitcoin has likely carved out strong support around the $80k region, hinting that the next leg of the bull market may be forming.

In Hayes’ view, the lowest we’ll see $BTC this year is ‘low $80K’s’. But, while Bitcoin may not fall any further, it will likely not go any higher either, at least until 2026.

If he’s right, this is the stage where liquidity returns, volatility compresses, and patient capital starts positioning for the next outsized moves.

When $BTC stabilizes after a major run, the easy trade is gone. At that point, you’re usually not early buying Bitcoin itself – you’re early rotating into the infrastructure and high‑beta plays that benefit most if the cycle resumes.

That means Bitcoin Layer 2s, core DeFi rails, and exchanges built for on‑chain leverage.

This backdrop is pushing more traders to look beyond spot $BTC toward projects that can scale usage, unlock new yield, or supercharge liquidity. In particular, fast execution environments plugged into Bitcoin, smarter wallet layers, and deep derivatives venues are emerging as prime hunting grounds for upside.

Below are three names to watch right now: Bitcoin Hyper ($HYPER), a high‑throughput Bitcoin Layer 2, Best Wallet Token ($BEST), a next‑gen access layer, and Hyperliquid ($HYPE), the dominant on‑chain perps engine riding this volatility wave.

1. Bitcoin Hyper ($HYPER) – First Bitcoin L2 with SVM Speed

Bitcoin Hyper ($HYPER) pitches itself as the first Bitcoin Layer 2 to integrate the Solana Virtual Machine. It aims to deliver execution that’s even faster than Solana while still settling back to Bitcoin.

The architecture is modular: Bitcoin L1 handles settlement and security, while a real‑time SVM Layer 2 handles execution.

In practice, that means sub‑second confirmation for wrapped $BTC payments, DeFi trades, and NFT mints at a fraction of typical Bitcoin fees.

For users, the immediate draw is simple: high‑speed payments in wrapped $BTC with low fees. It also means DeFi primitives like swaps, lending, and staking protocols that finally feel responsive in the Bitcoin universe.

Under the hood, Bitcoin Hyper uses a single trusted sequencer that periodically anchors state to Bitcoin, plus a decentralized canonical bridge for $BTC transfers.

The $HYPER presale has already raised over $28.5M, with $HYPER valued at $0.013335, and staking rewards set at 41%. If you’re betting on Bitcoin regaining momentum, this is one of the more aggressive ways to get leveraged exposure to Bitcoin‑secured throughput.

Based on Bitcoin Hyper’s utility proposition and the presale’s performance, a realistic price prediction for $HYPER puts the coin at $0.20 in 2026. 2030 could see $HYPER at $1.50 once the ecosystem takes off and sees mainstream adoption.

For profit hunters, these numbers translate to an ROI of 1,399% and 11,145% respectively, if you buy at today’s price.

These numbers recommend $HYPER as one of the best crypto to buy today.

The $HYPER presale window will close between Q4 2025 and Q1 2026. If you want in, read our guide on how to buy $HYPER.

Buy $HYPER on the presale page today.

2. Best Wallet Token ($BEST) – Aggressive Play on Wallet Market Share

If Bitcoin resumes its uptrend and new users flood back in, the battle for wallet dominance becomes critical.

Best Wallet is targeting an ambitious 40% share of the crypto wallet market by the end of 2026 by focusing on simplicity, security, and integrated on‑chain tooling.

The core stack centers on a fully integrated Fireblocks MPC‑CMP wallet, giving users institutional‑grade key management with retail‑friendly UX.

On top of that, Best Wallet lets you build custom multi‑wallet portfolios, so you can segment trading capital, long‑term holdings, and experimental positions while managing everything through a single interface.

The roadmap features a lineup of developmental milestones, from the Fiat Onramp to the Best Card and the Rubic-powered DEX aggregator, tapping 330 DEXs and 30 bridges.

The Best Wallet Token presale has raised over $17.5M so far, with $BEST priced at $0.026005. The project offers a dynamic staking model currently at a 75% APY.

Long-term, Best Wallet shows great potential.

Our price prediction for $BEST puts the token at a potential high of $0.62 in 2026 and $0.82 by 2030, considering the project’s utility and scope. These numbers suggest an ROI of 2,284% and 3,053% respectively, potentially higher if the wallet sees mainstream adoption.

The presale is set to end in just two days, so there’s not much time left. Read our guide on how to buy $BEST if you want in today.

Buy $BEST before the presale ends.

3. Hyperliquid (HYPE) – Dominant On‑Chain Perps Engine

While Bitcoin chops around key levels, derivatives volumes often tell you where traders are actually positioning.

Hyperliquid (HYPE) has quietly become the dominant decentralized perpetuals exchange, built on its own high‑performance Layer‑1 blockchain optimized for low‑latency, high‑throughput trading.

Hyperliquid uses an on‑chain order book with around 0.2‑second median trade latency, powered by its HyperCore + HyperEVM architecture.

This allows it to feel more like a centralized exchange, while maintaining full on-chain settlement, a combination that has historically been difficult for DeFi to achieve at scale.

According to a RedStone report, Hyperliquid processes up to $30B in daily volume and commands over 80% of the DeFi perps market share, underscoring just how far ahead it is of rival protocols.

The chain has begun evolving into a broader DeFi ecosystem, with new projects building on its liquidity and order‑book rails.

The recent HIP‑3 ‘growth mode’ upgrade introduced permissionless market creation with taker fees slashed by more than 90%, encouraging new markets and deeper liquidity in long‑tail assets.

For traders who see a renewed Bitcoin uptrend as fuel for derivatives activity, Hyperliquid is one of the clearest ways to get exposure to the on‑chain leverage layer.

$HYPE is selling at $33.28 and it’s on a 1.48% growth arc at the time of writing.

Recap: If Arthur Hayes is right about Bitcoin stabilizing near $80K, infrastructure plays like Bitcoin Hyper ($HYPER), access layers like Best Wallet Token ($BEST), and liquidity engines like Hyperliquid ($HYPE) could see outsized benefits as capital rotates beyond $BTC.

This isn’t financial advice. DYOR before investing.

Authored by Bogdan Patru, Bitcoinist: best-crypto-to-buy-as-hayes-expects-bitcoin-bull-2026https://bitcoinist.com/

Amid the market crash, the Solana price has taken a major hit, falling more than 56% from its $294 all-time high recorded back in January. Despite multiple attempts at recovery, each bounce has been sold off quickly, and the result has been steeper declines, ultimately affecting the broader Solana meme coin landscape. Even now, with some expecting the market to rebound, the Solana price is still facing major resistance, risking another 20% crash from here.

What’s Keeping The Solana Price Down?

Crypto analyst Paradise_Noir on the TradingView website has revealed that the Solana price is being suppressed by the Ichimoku Cloud. This has been happening as Solana has been slowly and steadily losing strength in the market, causing it to crash deeper with each fall, leading to lower lows and an ultimately bearish trend.

The analyst also explained that Solana has seen a lot of money leaving its shores, as large capital moves out of the altcoin. As the price struggles, each recovery is seen as an opportunity to get out of the cryptocurrency at a slightly higher price before it crashes again. A lot of these losses have been recorded between October and November, suggesting that the last quarter is closing in the red.

Pointing to the 4-Hour chart, Paradise Noir stated that Solana is now stuck inside a descending wedge pattern. Naturally, descending wedge patterns are bearish until the price breaks out, but every breakout attempt looks to have been suppressed by the Ichimoku Cloud.

Given this, the Solana price has an uphill battle ahead if it is to continue its recovery. With the trend of lower lows, it is likely that another attempt to break out of the descending wedge will be rejected by the Ichimoku Cloud once again, putting the altcoin in a perilous position.

How Low Can The Price Go?

In the event of a rejection, the crypto analyst sees the Solana price struggling due to its weak technical structure and the negative news surrounding the market. As a result, the next major level is the psychological support that lies at $100. Only then could reasonable support form, and buyers could step in.

As for investors, the analyst believes it is best to actually “follow the downtrend” for now. Until there is a major pullback toward the resistance levels, the setups remain quite bearish. “Wait for price to pull back into resistance to find cleaner entries, and avoid catching bottoms when the market shows no clear reversal signals,” the analyst stated.

On Tuesday, Acting Chair Caroline Pham of the US Commodity Futures Trading Commission (CFTC) announced a significant initiative aimed at enhancing guidance on crypto regulation. This initiative involves seeking nominations for the newly formed CFTC CEO Innovation Council, with a submission deadline set for December 8. 

During her prepared remarks, Pham emphasized that the council would help the agency effectively prepare for impending regulations as the Senate gears up to consider a new crypto market structure bill.

Key Priorities For CFTC’s Crypto Regulation Efforts

Under Pham’s guidance, the CFTC has made substantial strides in innovation and market structure. This includes initiatives such as the Crypto CEO Forum, the exploration of prediction markets, perpetual contracts, and the concept of 24/7 trading. 

Notably, the CFTC’s Crypto Sprint initiative, aiming to implement the recommendations from President Donald Trump’s Working Group on Digital Asset Markets, is projected to continue until August 2026. 

Phạm outlined key priorities for the initiative, including enabling listed spot crypto trading on designated contract markets (DCMs), facilitating the use of tokenized collateral within derivatives markets, and proposing necessary technical amendments to CFTC regulations to accommodate blockchain and tokenization. 

Pham expressed optimism that the CFTC would implement listed spot crypto trading on DCMs by the end of this year, with guidance regarding tokenized collateral expected by early 2026.

“The US is leading a new era in market structure, and the CFTC is at the forefront of this renaissance accelerated by innovation and technology,” Pham remarked. 

She stressed the importance of engaging with industry leaders and visionaries to shape responsible regulations that will lay the groundwork for what she described as America’s “Golden Age of Innovation.”

Pham’s Tenure Nears End

Last week, Pham discussed the CFTC’s ongoing progress at an industry conference focused on futures and options, where she detailed the agency’s regulatory approach to digital assets. 

Drawing parallels to past developments in the financial markets, she mentioned that blockchain technology and tokenization are ushering in a “structural modernization” of market infrastructure.

In addition, Pham pointed to increased collaboration between the CFTC and the SEC, citing a recent joint roundtable focused on regulatory harmonization. 

She highlighted congressional efforts such as the CLARITY Act and the GENIUS Act, both of which aim to create a comprehensive federal framework for digital assets and stablecoins.

As the CFTC anticipates future developments, Pham’s tenure as acting chair is approaching its conclusion. Last week, US senators questioned Michael Selig, President Trump’s nominee to lead the agency, regarding his plans for revamping cryptocurrency regulations and addressing election betting. 

As reported by Reuters, Selig advocated for “clear, simple guidelines” for the crypto sector, emphasizing the opportunity to establish a framework that supports software developers and emerging exchanges, while ensuring investor protections.

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

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

Check out our Live Next Crypto to Explode Updates for November 26, 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. Stellar Stablecoin Pilot by US Bank Positions Best Wallet Token ($BEST) Near the Next Crypto to Explode Narrative

November 26, 2025 • 14:00 UTC

US Bank, the fifth-largest commercial bank in the country, is now piloting custom ‘bank-grade’ stablecoins on the Stellar ($XLM) network, testing features like asset freezes and transaction reversals together with PwC and the Stellar Development Foundation.

‘When you are doing mission critical systems, when you are doing financial services, and you are moving consumers’ money, you need to make sure that your blockchain is going to be there. So we are very honored to have the confidence of US Bank and our partners at PWC. We take that confidence and that trust very very seriously.’

— José Fernández da Ponte, President and Chief Growth Officer, SDF

The goal is simple: see if regulated banks can safely issue programmable money on a public chain while meeting strict KYC and compliance needs.

With cross-border stablecoin payments projected to push toward the trillion-dollar mark by the end of the decade, the real bottleneck becomes the wallet layer that ordinary users and institutions actually touch.

Best Wallet Token ($BEST) aims to sit right at that interface. The utility backbone of a top non-custodial wallet that aggregates many blockchains, offering reduced fees, higher staking yields, and priority access to vetted presales from a single app.

With $17.52M already raised at $0.026005, you gain targeted exposure to the infrastructure that can route both DeFi-native and bank-issued stablecoin flows without depending on any single chain or issuer.

Read more in our $BEST Price Prediction.

XRP ETF Inflows and Creator Coins Put SUBBD Token ($SUBBD) Among the Next Crypto to Explode

November 26, 2025 • 13:00 UTC

Spot $XRP ETFs have pulled in roughly $587M of cumulative inflows in under ten trading days, overtaking $SOL products at $559M and flipping the altcoin ETF leaderboard almost overnight.

That pivot is powered by structural incentives: Franklin Templeton’s XRPZ charges a 0.19% fee that is waived on the first $5B in assets until May 2026, while Grayscale’s GXRP is waiving fees for its first three months. 

Inflows are no longer just about token tech; they chase liquidity, branding, and clear narratives institutions can underwrite. Read more.

That same logic applies further out on the risk curve, where application-layer tokens with real users and revenue potential can front-run the next ETF narrative.

SUBBD Token ($SUBBD) underpins a creator-focused platform for gated content, subscriptions, and on-chain publishing, using AI and Web3 rails to streamline how creators get paid and engage fans

With $1.36M raised so far at $0.057025, you position a small slice of capital in a focused play on the multi-billion dollar digital content economy rather than another generic altcoin ticker.

Find out all about what $SUBBD token is here.

Arthur Hayes’ $80K Bitcoin Thesis Highlights Bitcoin Hyper ($HYPER) as the Next Crypto to Explod

November 26, 2025 • 12:00 UTC

Arthur Hayes is framing the recent 35% $BTC drawdown as a liquidity event, not the end of the cycle, with whales shifting coins off exchanges and treating roughly $80K as a new line in the sand.

With total crypto market cap back above $2.9T and Hayes arguing that even small improvements in dollar liquidity can reignite flows, the base case becomes a choppy grind higher rather than a full-blown reversal. Read more here. 

In that environment, upside tends to compound faster on infrastructure that amplifies what Bitcoin already does well.

Bitcoin Hyper ($HYPER) fits that lane by building an SVM-based Bitcoin Layer-2 designed to fix slow transactions and high fees while letting you use $BTC directly in DeFi, NFTs, and on-chain apps.

Instead of only betting on spot $BTC reclaiming highs, you tilt part of your stack toward the rails that could host that next wave of activity.

With $28.5M raised at $0.013335, the presale already reflects credible early demand for that thesis.

Learn how to buy $HYPER here. 

Metaplanet’s $130M $BTC Loan Turns PEPENODE ($PEPENODE) into a Contender for the Next Crypto to Explode

November 26, 2025 • 11:00 UTC

Metaplanet just drew a $130M loan secured entirely by its $BTC stack, tapping $230M of a $500M credit line to buy even more Bitcoin while holding 30,823 $BTC on its balance sheet.

That is the full ‘Saylor playbook’: borrow against coins, acquire more, then let upside and time do the heavy lifting. It turns Bitcoin into productive collateral rather than a static treasury asset, signaling that corporates now view $BTC as long-term funding infrastructure, not a trade they’ll flip on the next drawdown. Read more. 

When that kind of balance-sheet leverage ramps up, the highest beta tends to show up in narratives sitting at the edge of speculation and utility.

PEPENODE ($PEPENODE) leans into that by turning meme exposure into a mine-to-earn game, where you build virtual rigs, add nodes, and earn meme coin rewards without hardware.

With $2.2M already raised at just $0.0011638 per token, you focus a sliver of risk on a narrative that historically reacts fastest to fresh Bitcoin collateral flows.

Read our $PEPENODE Price Prediction for 2025 and beyond.

Texas ETF Buy Signals Bitcoin Hyper ($HYPER) as the Next Crypto to Explode

November 26, 2025 • 10:00 UTC

Texas just bought $5M of BlackRock’s $IBIT spot $BTC ETF, with another $5M earmarked for self-custodied Bitcoin, using state treasury capital while $BTC trades about 10% below recent highs.

That puts Bitcoin in the same bucket as long-term reserves alongside bonds and gold, not just a high-beta trade, and gradually derisks holding core exposure for institutions and wealthy allocators. As more states follow Wisconsin’s earlier $100M IBIT move, flows shift from short-term speculators toward slow, rules-based mandates that can run for years. Read more here. 

That kind of sticky demand tends to reward ecosystems that plug utility directly into Bitcoin rather than competing with it.

Bitcoin Hyper ($HYPER) is building an SVM-based Bitcoin Layer-2 where payments, DeFi, NFTs, and memes all settle back to $BTC, aiming to tackle slow transactions and high fees on the base chain.

With $28.5M already raised at $0.013335 per token, you front-run state-level accumulation while also adding exposure to infrastructure designed to capture that liquidity on-chain.

Learn more about what Bitcoin Hyper is here.

Kraken’s New Debit App Puts Best Wallet Token ($BEST) In Line as the Next Crypto to Explode

November 26, 2025 • 10:00 UTC

Kraken’s new Krak Mastercard debit app in the UK and EU lets users spend multiple crypto assets in real time and even route salaries in via IBAN, turning an exchange into a quasi-bank on your phone.

That pushes $BTC, $ETH, and stablecoins deeper into everyday payments, not just trading screens, and locks more value inside wallet-based rails instead of old banking stacks. Read more.

As more regulated players roll out cards, vaults, and yield products, the battle shifts to who owns the main wallet interface that routes all those flows.

Best Wallet Token ($BEST) is built exactly around that choke point.

It’s the native token of Best Wallet, a non-custodial wallet that offers reduced fees, boosted staking rewards, and priority access to curated presales from a single app, positioning it as a neutral router across chains.

With $17.52M already raised at $0.026005, you effectively add leveraged exposure to the wallet layer that stands to benefit from every new on-ramp card and payment integration, not just one exchange rollout.

Find out how to buy $BEST now.

Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/next-crypto-to-explode-live-news-today-november-26-2025

Quick Facts:

• Kraken’s Krak Mastercard launch in the EU and UK underscores how regulated exchanges are pushing crypto beyond trading into real-world payments and merchant acceptance.
• Krak offers 1% cashback on every purchase and offers access to over 400 currencies across 160 countries.
• Best Wallet targets 40% wallet market share by 2026, pairing Fireblocks MPC security, presale access, and a planned ‘Best Card’ to challenge exchange-centric debit models.
• The Best Wallet Token ($BEST) presale has raised over $17.5M so far, and it’s set to end in just two days. Not much time left to get in.

Kraken has rolled out its Krak Mastercard debit app across the EU and UK, letting you spend multiple crypto assets in real time anywhere Mastercard is accepted.

The card offers a 1% cashback on every spend and allows you to spend 400+ currencies with 110+ merchants across 160 countries.

Kraken posted the official news on X, announcing several upcoming features, like the 10% flexible APY marked with a ‘coming soon’ tag.

Kraken’s move is big. Instead of shuffling funds between exchanges and banks, you can now tap-to-pay in fiat while Kraken handles instant crypto conversion in the background.

That shift matters. For years, crypto usage has been dominated by trading, yield strategies, and speculative NFTs. Everyday payments stayed stuck in the ‘coming soon’ phase, limited by clunky cards, latency issues, and regulatory gray zones.

Kraken shows that regulated exchanges are ready to compete directly with banks on payments and user experience.

It also raises a bigger question: if exchanges are becoming banks, what happens to wallets?

That’s where Best Wallet is trying to position itself. The team has hinted at a ‘Best Card’ product on its roadmap, aiming to pair a non-custodial, Fireblocks-powered mobile wallet with debit-style spending and curated token access.

If you want to support the project, Best Wallet Token ($BEST) is available in presale today.

Crypto Debit Cards Signal the Next Payment Rail Battle

Kraken’s launch lands in a crowded but still experimental field.

Binance, Crypto.com, and Coinbase have all tested card programs, but most rely on a single-asset funding model or slow top-ups that feel closer to prepaid cards than native digital money. Few deliver true multi-asset, real-time spending tied into a broader Web3 stack.

The direction of travel is clear: users want to hold volatile assets like $BTC, $ETH, or stablecoins, then spend seamlessly in fiat without managing FX, gas, or bridge risks.

That means whoever owns the ‘default spend’ experience – exchange app, neobank, or wallet – controls a powerful on-ramp to the rest of the ecosystem, from staking to NFTs.

Wallets such as MetaMask, Trust Wallet, and Phantom are experimenting with card integrations, yet most still feel like developer tools with payment features bolted on top, not true consumer banking replacements.

In that context, Best Wallet is one of several new entrants designing their product around a card from day one, not as an afterthought.

The goal is to fuse the simplicity of a neobank app with the composability of DeFi – so your wallet + card becomes your main financial hub, not just a sidecar to a centralized exchange.

Read our full Best Wallet review here. 

Why Best Wallet’s “Best Card” Bet Stands Out

Where many wallets focus on a single pain point – like cheaper swaps or NFT galleries – Best Wallet is going after the full stack: custody, discovery, trading, and eventually payments.

The project is aiming for 40% of the crypto wallet market by the end of 2026, positioning itself as the easiest, safest option with the broadest benefits.

Technically, the platform leans on Fireblocks’ MPC-CMP infrastructure for its non-custodial wallet, targeting institutional-grade key management in a mobile-first app.

That means private keys are never stored in one place, reducing single points of failure while still letting you manage multi-wallet portfolios and thousands of tokens from a single interface.

The team is also building an Upcoming Tokens portal for vetted presales and early-stage launches, plus a Rubic-powered DEX aggregator routing orders over 330 DEXs, and 30 cross-chain bridges.

In practice, that could let you discover a new token, buy into its presale, then later spend profits through a future Best Card – without leaving the Best Wallet ecosystem.

The Best Wallet Token ($BEST) presale has already raised over $17.5M, with $BEST currently priced at $0.026005.

The long-term perspective is tempting to say the least.

Based on Best Wallet’s present and upcoming features and the high investor participation during the presale phase, our price prediction for $BEST hints at a potential $0.62 in 2026. This price point could turn to $0.82 by 2030, possibly higher once the service hits the mainstream.

In terms of raw profit, we’re talking about a 1-year ROI of 2,284% and a 5-year one of 3,053% or higher.

To get ahead of that curve, you can explore the ecosystem now and, if it fits your thesis, read our guide on how to buy $BEST today. The presale is set to end in two days, so the opportunity window is nearly closed.

Purchase your $BEST on the official presale page now.

This isn’t financial advice. DYOR before investing.

Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/kraken-launches-crypto-card-for-eu-a-best-wallet-could-follow