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The US Senate Agriculture Committee has released the highly anticipated draft of the Market Structure Bill, a move many are praising as a significant milestone for the crypto industry in the United States. 

With promises of clearer regulatory frameworks just around the corner, this development is expected to enhance the operating environment for various cryptocurrencies.

Historic Draft Bill Promises Clarity For Crypto

The draft, unveiled by Agriculture Chair John Boozman and Senator Cory Booker, includes provisions that aim to overhaul regulations pertaining to digital asset commodities. 

However, the text features numerous sections marked with brackets, indicating ongoing negotiations among lawmakers regarding key definitions and other critical issues that remain unresolved.

One of the most notable aspects of the draft is the formal definition of digital commodities, which positions the Commodity Futures Trading Commission (CFTC) as the primary regulatory authority for their trading. 

This shift may resolve jurisdictional conflicts between the CFTC and the Securities and Exchange Commission (SEC). According to experts at The Bull Theory, this clarity will finally extend to cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), potentially easing the regulatory burdens faced by these digital assets.

The draft also introduces protections for blockchain developers and infrastructure providers, ensuring they are not classified as money transmitters or brokers. This aspect of the bill allows developers to innovate freely, enabling them to operate nodes or deploy smart contracts without the fear of legal repercussions.

In an effort to boost market transparency and advocate for retail investors, the bill proposes the establishment of a new Digital Commodity Retail Office within the Commodity Futures Trading Commission. 

This office is designed to oversee fair markets and protect investors, moving the crypto industry closer to being recognized as a legitimate financial sector.

Furthermore, the legislation emphasizes global alignment by mandating cooperation with foreign regulators, setting the stage for internationally consistent digital asset standards. 

This alignment is something that institutional investors have eagerly anticipated, as it would enhance the clarity surrounding spot markets, exchanges, and derivatives once the CFTC assumes its role as crypto’s primary regulator.

Bipartisan Negotiations Underway 

The potential passage of this bill could serve as a significant green light for institutional capital, particularly for altcoin exchange-traded funds (ETFs) that have remained on the sidelines amid the government shutdown. 

The Bull Theory experts assert that the crypto sector has never been closer to achieving full regulatory clarity in the United States.

Separately, Republicans on the Senate Banking Committee, which oversees the other half of the bill concerning securities regulations, have already introduced a partisan discussion draft earlier this year. 

They are currently engaged in negotiations with Democrats to reach a bipartisan agreement, with hopes of moving forward with a markup later this year.

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

Vivek Ramaswamy’s Strive Asset Management bought 1,567 Bitcoin in a recent purchase worth about $162 million, according to multiple reports. The buy came over a short window and lifted the firm’s holdings to roughly 7,525 BTC, a move that drew attention across the crypto market.

Strive’s Big Bitcoin Purchase

The purchases happened between October 28 and November 9, 2025. The average price paid for those coins was reported at about $103,315 each.

Based on reports, Strive used a fresh funding method tied to a preferred-stock offering to bankroll the acquisition. Market watchers noticed the company’s total stash rose into the 7k-Bitcoin range after this round of buying.

A Comparison With Peers

Those holdings put Strive ahead of some rival managers in raw Bitcoin terms. Some outlets compared the haul to the reserves held by large institutional players, noting that Strive’s total climbed to near 7,525 BTC. That gap is not fixed. Bitcoin holdings are public only when managers disclose them, and prices keep moving. Still, the size of this purchase was large enough to be reported widely.

BREAKING: Strive Asset Management, backed by Vivek Ramaswamy, has acquired 1,567 BTC (≈ $162 M) between Oct 28 – Nov 9.

The STRIVE Total Holding now stands at 7,525 $BTC (≈ $784.5 M), A clear signal that institutional conviction in Bitcoin is accelerating. pic.twitter.com/IOf2CuaFUt

— Crypto Patel (@CryptoPatel) November 11, 2025

How The Buy Was Funded

Reports have disclosed that Strive tapped a preferred-stock vehicle called SATA to gather money for the purchases. The structure was described as a way to raise capital and direct proceeds into Bitcoin purchases.

The preferred shares were offered to investors who wanted exposure to the strategy, and then funds were used to acquire the coins over several trading days. This financing route was highlighted in several writeups as central to how the firm completed a multi-million dollar buy without a single public market order.

Market Reaction And Implications

The market reaction was measured. Some analysts pointed out that a $162 million buy is sizable but still small relative to total Bitcoin market depth. Others noted it signals growing comfort among certain fund managers in putting corporate balance sheet money into Bitcoin.

Price moves were mixed during the purchase window, which meant the average cost came in above and below intraday swings. A few commentary pieces also flagged that public filings and precise timing matter when trying to pin down the full picture.

Next Steps For Strive

As of November 11, 2025, Strive’s public statements on this specific purchase were limited in the sources reviewed. Based on reports, the firm’s strategy appears to include using equity instruments to fund further buys if investor demand continues.

Industry observers said they will watch regulatory filings and later disclosures for a clearer record of timing, price, and any ongoing plans.

Presidential Ambition

Vivek Ramaswamy, an American biotech entrepreneur, gained national attention during his run for the Republican nomination in the 2024 US presidential race.

He suspended his campaign on January 15, 2024 after finishing fourth in the Iowa caucuses.

Featured image from Gemini, chart from TradingView

BlackRock’s head of crypto, Robbie Mitchnick, says the gravitational center of Bitcoin’s market structure has shifted decisively from miner issuance to exchange-traded fund demand—and that’s why classic four-year “halving cycles” should command far less attention than they used to. In a Bankless interview released November 10, Mitchnick argued that the ETF era is now the dominant flow regime for BTC, even as leverage and short-term derivatives noise continue to whipsaw prices.

ETF Inflows Now Dwarf The Bitcoin Halving

“It’s not over,” Mitchnick said when asked whether the latest sell-off marked the end of Bitcoin’s current cycle. “This is the fifth cycle we’ve seen […] through each successive cycle, the level that Bitcoin reached was massively higher than the prior cycle.” He added a pointed caveat for anyone still treating halvings as the metronome of BTC: “A lot of people believe the cycle is tied to [the] Bitcoin halving. The Bitcoin halving at this point is almost totally irrelevant […] when ETFs are accumulating inflows, the magnitude of those inflows is many, many multiples larger than any change in supply created by a Bitcoin halving event.”

Mitchnick’s framing puts Wall Street, not the protocol schedule, at the center of the next phase. BlackRock’s spot Bitcoin ETF, IBIT, “has been the fastest-growing ETF post-launch in history,” he said, reaching milestones at roughly four times the pace of the previous record. More telling than raw AUM, in his view, is the changing composition of holders. In the first quarter after launch, “IBIT was over 80% direct retail investors. Every quarter thereafter that number has come down […] today it’s close to 50%,” reflecting the steady rise of wealth advisory and institutional channels.

That institutional cohort is still early, but broadening. “If you think about the big categories of institutional investors, you’ve got family offices, asset managers, sovereign wealth funds, university endowments, foundations, corporate treasurers, insurers, pension funds. You have some adopters in every one of those archetypes, but not the majority, not even close,” he said.

For those allocating, typical position sizes land in the “1% to 3% range.” The gating factor, again, is less about custody or access—and more about how Bitcoin behaves inside a portfolio. “It’s all about correlation,” Mitchnick noted, recounting a conversation with a pension CIO who is “literally” watching that metric. If Bitcoin persistently tracks “digital gold” rather than “levered NASDAQ,” he argued, “it’s a slam dunk to put a couple percentage of portfolio allocation in it.”

The tension is that short-term market action still looks like crypto. Mitchnick called the October 10 washout—roughly “$21 billion in liquidations”—a leverage event rather than a shift in fundamentals, and contrasted it with the steadiness of fund buyers: “What was the impact on ETF outflows? Tiny […] a couple hundred million.” That discrepancy, he said, is precisely why cycles should attenuate over time: a larger, slower-moving base of ETF and advisory capital can absorb derivatives-driven shocks without mechanically exiting.

He also pushed back on narratives that Bitcoin’s 2025 underperformance versus gold invalidates the “uncorrelated hedge” thesis. The digital asset, he argued, already banked its “debasement trade” in late 2024, rallying from the “high $60s to over $100K,” and even notched a new all-time high around $126,000 before the October crash “derailed the momentum.” In other words, the year-to-date scoreboard reflects sequencing and leverage, not a structural repudiation of Bitcoin’s store-of-value pitch.

On supply dynamics, Mitchnick acknowledged that legacy cohorts have taken profits at psychological levels, but he dismissed the idea that Bitcoin is in an “IPO moment” where early adopters permanently hand the float to institutions. What’s more plausible, he said, is simple risk management by ultra-early holders whose basis sits at “$100 or $500,” many of whom had $100,000 as a round-number trim target. “At some point you do have to take some chips off the table,” he said, adding that long-term performance has favored patience over short-term, levered trading.

Mitchnick was careful not to oversell universal adoption among big pools of capital. Central banks, he suggested, remain a tail-risk buyer rather than a base case. The near-term path instead runs through the institutions already tiptoeing in—pensions, insurers, sovereign wealth funds—whose conviction will hinge on medium-term behavior and policy clarity.

The message for allocators facing their first full drawdown with ETFs live was direct: don’t mistake derivatives noise for broken fundamentals, and be selective. “There’s a reason Bitcoin is still roughly 65% of the market cap of the space,” he said. “One has to be very wary going far down the table […] the vast majority of [tokens] are or will be totally worthless.”

For Bitcoin, the test is whether it keeps behaving like what institutions think they’re buying. “People have to look beyond these short-term moves […] and more about, you know, medium and longer term how does it track,” Mitchnick said.

At press time, BTC traded at $105,497.

Zhimin Qian, a Chinese national widely called the “Crypto Queen,” faces sentencing in the UK after admitting to offences tied to what authorities call the largest cryptocurrency seizure ever recorded.

According to court documents, Qian – also known as the Chinese “Goddess Of Wealth” – pleaded guilty on September 29, 2025 to acquiring and possessing criminal property in the form of Bitcoin. Reports have disclosed that police seized more than 61,000 BTC during a 2018 raid, an amount worth at least $6.5 billion at current market rates.

Major Seizure Prompts Court Action

Investigators say the haul came from an investment scheme run in China between 2014 and 2017. Prosecutors link the activity to a company named Tianjin Lantian Gerui Electronic Technology Co Ltd, which allegedly promised high returns to thousands of people.

Reports put the number of victims at more than 128,000. That figure has raised questions about how any recovered funds could be shared among so many claimants.

China’s “Goddess Of Wealth” Faces Jail In UK Over $6 Billion Bitcoin Scamhttps://t.co/LdnTWVl3xz pic.twitter.com/M7b329kEkB

— NDTV WORLD (@NDTVWORLD) November 10, 2025

The Arrest And The Evidence Trail

According to police statements, Qian left China around 2017 and later used false travel documents, including a St Kitts & Nevis passport, to live in the UK. In 2018, officers searched a property in Hampstead and found wallets and devices that helped them trace the crypto holdings.

Records shown in court link transfers and accounts to the scheme that defrauded investors. The items seized in that operation are central to the Crown’s case and to plans for victim compensation.

Compensation And Cross-Border Challenges

Reports have outlined the legal and practical hurdles ahead. The Bitcoin seized in 2018 has risen massively in value since then, which complicates decisions about how to return money to those harmed.

Lawyers say cross-border claims between UK authorities and Chinese victims could take years to sort out. Based on reports, one worry is conflicting claims over who is entitled to the assets and whether victims will receive the current market value of the Bitcoin or the value at the time of seizure.

Sentencing Timeline And Possible Penalties

According to court sources, Qian could face up to 14 years behind bars under the charges she admitted. Sentencing was expected to take place soon after the guilty plea, although exact dates have not been confirmed publicly by the court in all outlets.

Judges will consider the scale of the loss, the number of victims, and the role Qian played in moving or hiding the funds when deciding the sentence.

Investigations And Next Steps

UK authorities including the Metropolitan Police and the Crown Prosecution Service are coordinating efforts to secure the remaining assets and to set up processes for victims to claim funds.

Featured image from Gemini, chart from TradingView

Bitcoin has regained critical levels after a week of intense selling pressure, sparking renewed optimism across the market. Despite uncertainty among traders, key on-chain data from CryptoQuant suggests that a new surge may be brewing — provided current momentum continues to build.

According to top analyst MorenoDV, Bitcoin is entering a liquidity configuration that has only appeared a handful of times since 2020, each marking a pivotal turning point in the cryptocurrency’s trajectory. He explains that when stablecoin reserves reach extreme levels relative to Bitcoin’s market cap, the market rarely stays quiet for long.

This setup typically signals an imbalance between available liquidity and Bitcoin’s valuation — meaning that a large pool of “dry powder” is sitting on the sidelines, waiting to be deployed. Historically, such conditions have preceded strong directional moves, either upward or downward, depending on how confidence returns to the market.

Stablecoin Liquidity Suggests a Critical Turning Point for Bitcoin

According to MorenoDV, one of the most important indicators to watch right now is the Stablecoin Supply Ratio (SSR) — a metric that compares Bitcoin’s market cap to the total market cap of all stablecoins. When SSR drops, it means stablecoin liquidity is expanding relative to Bitcoin’s value — or, in simpler terms, there’s more “dry powder” sitting on the sidelines waiting to be deployed.

Currently, the SSR has fallen back to its lower historical range around 13, the same zone that marked market bottoms in mid-2021 and again throughout 2024. In each of those instances, Bitcoin was consolidating quietly before launching into strong recovery rallies.

A similar pattern can be seen in the Binance Bitcoin/Stablecoin Reserve Ratio, which shows stablecoin reserves rising while BTC reserves continue to decline. This dynamic often signals that investors are positioning capital for accumulation — a sign of seller exhaustion and structural capitulation where weak hands exit, and strong hands begin quietly rebuilding positions.

MorenoDV notes that from a risk/reward standpoint, these phases historically present asymmetric opportunities — limited downside, but expanding upside as liquidity rotates back into Bitcoin.

Still, this zone acts as both an accumulation opportunity and a final support line. If these liquidity levels hold, Bitcoin could soon see another upward impulse toward new highs. But if they break decisively, it may confirm the end of the current cycle’s structure and trigger a deeper revaluation phase before the next growth leg begins.

Holding the Line Above $100K

Bitcoin continues to defend the $100K–$105K range, a key structural zone that has served as both support and consolidation throughout the cycle. On the weekly chart, BTC remains above its 50-week moving average (blue line) — a level that has historically acted as a springboard for mid-cycle recoveries.

The current candle shows a mild rebound after testing the $104K region, signaling that bulls are attempting to regain control. However, volume remains subdued compared to previous rallies, indicating a cautious tone among market participants following recent liquidations.

A decisive close above $108K–$110K would strengthen bullish momentum and confirm a potential continuation toward the $115K–$120K resistance zone. Conversely, losing the 50-week MA could trigger a retest of lower supports near $95K–$98K, marking a deeper correction phase.

Despite the mixed sentiment, the structure remains intact within a broader uptrend. The long-term moving averages — particularly the 100-week (green) and 200-week (red) — continue to slope upward, confirming that Bitcoin’s macro trend is still bullish.

Featured image from ChatGPT, chart from TradingView.com

The U.S. Treasury and Internal Revenue Service (IRS) have officially approved staking for crypto exchange-traded funds (ETFs), marking a historic turning point for digital asset investing.

Related Reading: Hedera Hashgraph Added To Google BigQuery Public Datasets

The new guidance, issued under Revenue Procedure 2025-31, allows ETFs and trusts holding proof-of-stake (PoS) assets such as Ethereum (ETH) and Solana (SOL) to stake their holdings and distribute staking rewards directly to investors, without jeopardizing their tax status.

U.S. Treasury Opens Door for Crypto ETF Staking

Treasury Secretary Scott Bessent described the advances as a major step in keeping the U.S. at the forefront of blockchain innovation.

The framework introduces a “safe harbor” for regulated funds, clarifying how staking rewards will be taxed and distributed. Investors will now pay taxes only when they take control of rewards, while the ETFs themselves remain exempt from trust-level taxation.

Industry experts hailed the decision as the final piece of regulatory clarity needed to unlock institutional participation in staking. Analysts estimate the change could bring $3 billion to $6 billion in new inflows to staking-based crypto products within the next year.

Strict Compliance Rules for Fund Managers

To qualify under the new framework, ETFs must meet specific conditions. Funds can only hold a single digital asset and cash, work with qualified custodians for key management, and engage independent staking providers to handle validator operations.

This structure ensures investor protection while bridging traditional finance and decentralized blockchain systems. It mirrors earlier SEC approvals from September 2025, which cleared listing rules for crypto ETFs and confirmed that certain staking operations do not constitute unregistered securities.

Bill Hughes, senior counsel at Consensys, said the policy “eliminates the biggest legal and tax uncertainty that kept institutions from integrating staking into regulated products.”

The guidance, he added, gives fund sponsors confidence to offer yield-bearing ETFs that generate passive income for investors through network validation.

From Policy Uncertainty to Passive Income

Until now, U.S. fund managers had avoided staking due to regulatory ambiguity and fear of losing favorable tax treatment. With this guidance, both retail and institutional investors can earn 3–7% annual staking rewards on assets like ETH and SOL through ETFs, without running their own nodes or managing wallets.

The announcement follows weeks of government inactivity during the record 40-day U.S. shutdown, making it one of the first major regulatory actions since the reopening. It signals a return to policy momentum and a broader embrace of digital assets by Washington.

Related Reading: Bitcoin Price Dump Finally Over? Analyst Explains Why It Is Time To Invest

Analysts believe this decision cements America’s position as a global leader in digital asset regulation, potentially sparking a new wave of staking-enabled ETFs from financial giants like BlackRock and Fidelity.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Ethereum has regained the $3,500 level after a volatile week marked by heavy selling pressure and uncertainty across the crypto market. Bulls, who briefly lost control as ETH dipped below key support levels, are showing renewed strength as liquidity surges and sentiment begins to shift.

According to a recent CryptoQuant report, data from Binance — the world’s largest Ethereum trading platform by volume — reveals a notable on-chain trend that could signal deeper structural strength. The ETH supply on Binance has been in steady decline since mid-year, following a peak between June and July. By November, it had dropped to its lowest level since last May, now sitting around the 0.0327 level.

This consistent decrease in available ETH on exchanges typically reflects a migration of coins into cold storage or private wallets, suggesting that investors are opting to hold rather than sell. Historically, this behavior has been viewed as bullish in the medium to long term, as it reduces the amount of Ethereum available for immediate sale and relieves market pressure.

Ethereum Exchange Supply Decline Signals Market Accumulation Phase

In the CryptoQuant report, analyst Arab Chain highlights a notable divergence between Ethereum’s price action and exchange supply dynamics. The price of Ethereum (black line) climbed to consecutive highs near $4,500–$5,000 in August and September 2025 before retracing to around $3,500 today. Interestingly, this decline coincided with a sharp drop in exchange-held ETH supply, suggesting that many traders withdrew their coins after securing profits — likely moving them into cold storage in anticipation of longer-term accumulation.

If this trend of declining Ethereum supply on Binance persists, market liquidity for ETH sales could tighten further. Such a contraction in sell-side supply often supports price stabilization, as reduced availability of tokens on exchanges lessens immediate selling pressure. In favorable macro or on-chain conditions, this setup could even help catalyze a renewed upward phase, especially if risk appetite among institutional and retail investors strengthens.

However, Arab Chain cautions that continued weak demand or reduced network activity might limit any near-term upside, keeping prices in a sideways range. Despite short-term uncertainty, the broader on-chain picture reflects a transitional accumulation phase, where long-term holders dominate flows.

This ongoing migration of ETH off exchanges — paired with increasing self-custody behavior — underlines growing investor conviction. If fundamental catalysts such as network upgrades, ETF approvals, or renewed DeFi activity align, Ethereum could be setting the stage for the next bullish leg of the cycle.

ETH Price Analysis: Reclaiming Key Support Levels

Ethereum is showing early signs of stabilization after reclaiming the $3,500 level, marking a modest but significant recovery from the recent capitulation phase that drove prices near $3,200. As seen in the daily chart, ETH has found temporary support at the 200-day moving average (red line), a historically reliable level that often defines the boundary between bullish and bearish cycles.

The price is now testing resistance near the $3,600–$3,700 zone, where both the 50-day (blue) and 100-day (green) moving averages converge. A breakout above this area could confirm renewed bullish momentum, potentially setting the stage for a move toward $3,900–$4,000, aligning with previous range highs.

However, the overall structure still reflects caution. The failure to hold above $4,000 earlier this month underscores the ongoing battle between buyers attempting to regain control and sellers taking profits amid market uncertainty. Trading volume remains subdued compared to the August–September rally, suggesting that conviction among market participants is still rebuilding.

Featured image from ChatGPT, chart from TradingView.com

Dogecoin’s recent price action has shown more stagnation than strength, leaving investors uncertain about its next major move. A technical analyst using Elliott Wave theory has shared a long-term outlook suggesting that Dogecoin could be in a corrective phase that may extend further than most traders expect. 

According to the analyst, the current formation could trace back to a much deeper level in what he described as the worst-case scenario for Dogecoin.

Long-Term Structure Suggests Extended Wave 4 Consolidation

The analysis revisits Dogecoin’s structure dating back to its 2021 peak, when the meme coin reached $0.73 at the height of meme coin euphoria. The analysis proposes that since then, Dogecoin’s price action has been trapped in a multi-year corrective wave to form what looks like a wave 4 pattern that began around May 2021. The prolonged sideways consolidation has produced overlapping structures marked by alternating A-B-C corrective sequences, consistent with a complex Elliott Wave correction.

The analyst noted that the price pattern could alternatively be forming a leading diagonal that started in late 2023. Leading diagonals often appear at the beginning of a new impulsive cycle, but they are also characterized by steep retracements before the larger trend continues. He added that Dogecoin’s retracement has already satisfied the 0.5 Fibonacci retracement level, while the 0.618 level, which is considered a stronger support zone, lies only a few cents away.

Despite Dogecoin bulls defending around current support zones between $0.15 and $0.17, the technical analysis projected a potential deeper drop scenario. In this case, the worst-case outlook would involve Dogecoin revisiting the “single-digit cents” area, specifically the 0.618 to 0.786 Fibonacci retracement levels, as shown on the chart below. 

This projection is based on a possible retest of the lower boundary of the long-term channel, a move that could complete sub-impulse wave (ii) or a final leg C below $0.10 before the next impulsive wave begins.

Bullish Implications Beyond The Correction

The idea of Dogecoin falling below $0.10 would seem far-fetched for most traders, especially since the meme coin has consistently managed to hold the $0.15 to $0.16 range during corrections. Yet, this possibility cannot be completely ruled out, considering the meme coin is only a 33% move to $0.10 if the selling pressure intensifies enough to push it below $0.15.

Such a decline would not necessarily invalidate a long-term bullish structure, but it would reflect a final flush-out typical of late-stage corrections in an impulse wave that goes back as far as mid-2021. 

However, if support at or near $0.16 continues to hold, the next rally could aim above $0.5. A break and close above $0.5 will invalidate the fourth impulse wave analysis. At the time of writing, Dogecoin is trading at $0.1774, down by 1.9% in the past 24 hours.

Solana (SOL) continues to dominate the crypto investment space as institutional inflows surge, signaling renewed confidence in the altcoin market.

According to recent filings, major financial institutions, including Rothschild Investment and PNC Financial Services,  have disclosed holdings in Solana-based ETFs, adding to a nine-week streak of consistent inflows that now total over $2.1 billion.

Institutional Giants Fuel Solana ETF Momentum

Rothschild Investment, with $1.5 billion in assets under management, reported acquiring 6,000 shares of the Volatility Shares Solana ETF (SOLZ), valued at approximately $132,720.

Similarly, PNC Financial revealed positions in Solana products, reflecting a growing appetite among traditional firms for blockchain assets with strong yield potential.

These disclosures come as Solana ETFs recorded $336 million in weekly inflows, highlighting the asset’s rising institutional appeal amid broader market stabilization.

U.S. Regulatory Clarity and Altcoin Season Revival

The U.S. Treasury’s latest guidance allowing Wall Street-traded cryptos to distribute staking dividends has supercharged Solana’s ETF momentum. This move provides a clear framework for fund managers to offer staking rewards legally, driving demand for proof-of-stake networks such as Solana.

Treasury Secretary Scott Bessent hailed the policy as “a clear path to staking digital assets on Wall Street,” marking a sharp policy shift toward blockchain innovation.

CoinShares data shows Solana leading all assets with $118 million in new inflows last week, outpacing Bitcoin and Ethereum, which saw outflows. XRP ranked second with $28.2 million in inflows, while Cardano (ADA) followed closely, showing a shift toward altcoins as investors seek higher returns.

The Altcoin Season Index currently stands at 39, showing a gradual recovery in progress rather than a full-scale altcoin rally. Meanwhile, Bitcoin’s dominance has eased to 59%, down from 61%, suggesting that capital is beginning to rotate into select high-performing altcoins as investor confidence slowly returns.

Solana Price Targets Key Breakout Levels

SOL’s price has reflected this growing optimism, rebounding over 8.5% from lows of $145 to trade around $163 at press time.

Technical charts reveal a rising channel formation, with immediate resistance at $172 and $175, and stronger resistance at $188. A breakout above these levels could trigger a move toward $202–$220, analysts suggest.

Network metrics reinforce Solana’s bullish outlook: on-chain transactions now exceed 543 million weekly, while stablecoin volumes have surged 140% to $14 billion.

As institutional inflows and ETF innovations accelerate, Solana stands at the forefront of the next potential altcoin season rally, positioning itself as the leading institutional-grade blockchain of 2025.

Cover image from ChatGPT, SOLUSD chart on Tradingview

A Coinbase spokesperson confirmed to Fortune that the cryptocurrency exchange has officially terminated its acquisition discussions with UK-based stablecoin startup BVNK. Coinbase had initially secured exclusive negotiation rights with BVNK after navigating a competitive bidding process.

Coinbase Abandons BVNK Acquisition

A Coinbase representative stated, “We’re continuously seeking opportunities to expand on our mission and product offerings. After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward.” 

The acquisition, which was valued at around $2 billion, would have positioned the crypto firm as a significant player in the stablecoin infrastructure landscape, which has been continuously rising throughout the year under President Trump’s administration with the passage of the GENIUS Act.

Coinbase has been actively pursuing high-profile acquisitions to strengthen its core operations. Earlier this year, it completed a $2.9 billion purchase of the crypto derivatives exchange Deribit. 

Brian Armstrong, the exchange’s CEO, emphasized this during the firm’s third-quarter earnings call, noting that all recent mergers and acquisitions support the company’s commitment to its core business.

Had the deal with BVNK been finalized, it would have marked a substantial investment in stablecoin infrastructure, nearly doubling the $1.1 billion paid by fintech giant Stripe for another stablecoin startup, Bridge, in February. 

New Platform For Retail Token Purchases 

Coinbase has been actively working to diversify its revenue beyond traditional trading fees, with stablecoins accounting for approximately 20% of its revenue in the third quarter. 

In its latest earnings report, Coinbase exceeded analysts’ expectations with transaction revenue reaching $1.05 billion—up significantly from $572.5 million during the same period last year. 

Additionally, the company announced on Monday the launch of a new platform that allows retail investors to purchase digital tokens before they are officially listed on the exchange. 

Featured image from Shutterstock, chart from TradingView.com 

A new XRP price chart shared by market analyst Mikybull Crypto suggests the digital asset could be on the verge of a significant price rally similar to Zcash’s legendary 40x breakout. Setting modest price targets of $8 to $10, Mikybull’s projection comes as XRP consolidates around the $2 mark, a level that technical analysts believe could serve as the foundation for its next parabolic move.

XRP Price Pattern Repeating Zcash’s Legendary Rally Setup

Mikybull’s chart reveals a clear pattern in XRP’s price behavior across different market cycles. Since 2014, the cryptocurrency has followed a familiar sequence: a rounded-bottom buildup, a breakout above a long-term downtrend, and a period of sideways trading before each big rally.

The pattern first showed up between 2014 and 2017, contributing to XRP’s explosive rise to record highs during the 2017 bull market. Now, the chart shows a similar setup is happening again, but on a bigger scale. After almost five years of building up from 2018 to 2023, XRP has finally broken its long-term downtrend, creating a structure similar to the one preceding its previous significant surge.

The chart also highlights a flat trading range, marked in orange, which traders refer to as a reaccumulation zone. This stage typically follows a breakout and occurs when the market absorbs selling pressure before resuming its upward movement. It appears that XRP could be entering the same “calm before the storm” stage that came before Zcash’s 40x rally.

Analyst Targets $8–$10 As XRP Price Breakout Gains Momentum

Mikybull’s $8 to $10 price target is not random. It aligns closely with key Fibonacci and historical resistance levels dating back to XRP’s 2018 peak. If this pattern continues to play out, the XRP price could rise four to five times higher from where it is now, a move that supports Mikybull’s idea that XRP might repeat Zcash’s rally.

However, Mikybull isn’t the only one expecting a significant move in the XRP price. Another well-known market analyst, XForceGlobal, recently shared a similar view on X, saying, “I still think there is an extremely high chance that we are still going to hit our cycle targets of around $15–$30 per XRP this cycle.”

While Mikybull’s $8–$10 range suggests a cautious and achievable goal, XForceGlobal’s $15–$30 range indicates that XRP may have the potential for a multi-stage rally, where the price first hits moderate targets and then pushes even further as momentum builds.

Currently, XRP is holding above key support levels, moving sideways after breaking out of its long-term decline. If the pattern continues, XRP could be setting up for a rally like Zcash’s historic surge, with small gains just the first step in what might become a significant breakout.

The number of XRP ETFs on the DTCC website has increased even as these funds prepare for launch. Expert Nate Geraci noted that the first ‘33 Act XRP ETF could launch this week, which is a positive for XRP.

Record XRP ETFs Now Listed On The DTCC Website

DTCC data shows that nine XRP ETFs have now been listed on the site, which signals the readiness of some of these funds ahead of a possible launch this month. These ETFs include funds by Bitwise, Canary Capital, Franklin Templeton, Volatility Shares, 21Shares, CoinShares, and Amplify.

Notably, the funds from Bitwise, Canary, 21Shares, CoinShares, and Franklin Templeton are spot XRP ETFs that are preparing to launch. Bitcoinist had earlier reported that Canary Capital’s XRP fund could launch by November 13 after the asset manager filed an amendment that removed the delaying amendment on its registration statement. 

Now, the asset is set to launch its XRP ETF with its 8-A filing showing approval to list on the Nasdaq. As market expert Nate Geraci noted, the Canary fund would be the first ‘33 Act XRP spot ETF to launch. Asset manager REX Osprey had earlier launched an XRP spot ETF under the ‘40 Act, but the fund doesn’t 100% spot XRP. 

Meanwhile, XRP spot ETF issuers Bitwise and Grayscale have also amended their S-1 filings, signaling their intention to launch soon. All spot XRP funds could also launch soon, with the U.S. government shutdown likely to end as early as this week. 

The Senate has already passed the funding bill, meaning the SEC could resume fully by next week and proceed to approve the pending ETF applications. Geraci also confirmed that an end to the shutdown would open the floodgates for crypto ETFs. There are seven pending XRP spot ETFs that could all launch once the U.S. government shutdown ends.  

XRP Surges Over 12% Amid ETF and Government Reopening Optimism

The XRP price surged over 12% on November 10 amid optimism over the XRP spot ETF launch and the reopening of the U.S. government. The launch of the XRP funds could drive more liquidity into the XRP ecosystem, which is bullish for its price. Moreover, Canary Capital CEO Steven McClurg has predicted that the XRP funds could see up to $5 billion in inflows in their first month. 

Market research firm Sistine Research noted that XRP’s recent performance isn’t surprising considering that developments such as the potential Ripple banking license approval, CLARITY Act, and ETFs all benefit the altcoin more than any other major crypto asset.

At the time of writing, the XRP price is trading at around $2.48, up in the last 24 hours, according to data from CoinMarketCap.

As the market recovers, Bitcoin appears to be displaying renewed bullish strength following several weeks of heightened volatility that caused its price to fall below the $100,000 mark. During this downward trend, many new BTC whales or large holders experienced notable losses, triggering a massive wave of capitulation among these key investors.

New Bitcoin Whales Break Under Pressure

One of Bitcoin’s most influential investor groups: newly formed whale addresses have taken a hit in a market where sentiment is still ambiguous. Bitcoin’s volatile swing in the past few weeks has now sent these key investors’ positions into severe losses, as the price drops below their entry levels. 

MorenoDV, a market expert and author, shared this crucial development in a quick-take post on the CryptoQuant platform after examining the Bitcoin Realized Profits by Whales metric. Specifically, this vital metric helps to determine whether these investors are capitulating (realized losses) or are distributing at a profit (realized gains).

Following the investigation, the expert found that Bitcoin is currently experiencing one of the most aggressive capitulations of the year by new whale entrants. Such a development indicates that the cohort is heavily exiting their positions under pressure, a sign of fear or a dramatic shift in attitude.

Data shows that the new whale investors have realized more than $1.3 billion in losses over the past 6 days, signifying one of 2025’s most aggressive selling campaigns. With significant amounts of BTC being sold at a loss, speculations are whether this is an early signal of deeper weakness in the crypto asset’s short-term price outlook.

What’s Driving The Heightened Selling Pressure Of The Cohort?

According to the expert, sustained losses of this magnitude are indicative of forced selling or panic-driven exits. Meanwhile, this is often caused by the loss of aversion of late entrants or the unwinding of leveraged positions. Given the current bullish state and resilience of the BTC market, MorenoDV stated that this event is a remarkable one.

Despite witnessing one of the biggest capitulation waves among new whales this year, the price of Bitcoin has held between the $100,000 and $105,000 support range so far. In the past, such periods of realized loss concentration have persistently triggered volatility spikes. These spikes either mark local bottoms or lead to extended deleveraging, depending on the market liquidity conditions.

Specifically, the data suggests pain among short-term large holders. However, the capability of the market to absorb this pressure without breaking down may point to underlying demand or accumulation by stronger hands. In the meantime, the expert declares that the upcoming days will help gauge whether this was the last shakeout or a sign of far deeper structural stress.

Providing more data on the trend, CryptoQuant highlighted that Bitcoin has been below the average cost basis of new whales positioned at the $110,800 level since October 28, triggering significant realized losses. The chart displays realized losses of $286.4 million, $90.7 million, $107.5 million, $515.1 million, and $5.1 million on November 4, 5, 6, 7, and 8, respectively.

Dogecoin has spent the past week moving within a tight range, trading between $0.16 and $0.19 with the entire market maintaining a cautious tone. The price briefly dipped below $0.16 last week but was quickly met with buying interest, keeping the meme coin from slipping deeper below $0.15.

Recent candles on the two-week chart show a tightening downtrend, and this has received attention from technical analysts tracking long-term patterns. Among them is Osemka, who shared a technical analysis on X that highlights Dogecoin’s historical performance and what might come next.

Dogecoin Has The Potential To Run Again

A brief technical analysis of Dogecoin’s price action on the 2-week candlestick timeframe chart shows that the meme coin has a pattern of massive exponential moves once it breaks out of long accumulation phases. 

The first example of this was in 2017, when Dogecoin’s price surged by 9,404%, turning fractions of a cent into tangible profits for early holders. This rally was enough to send the Dogecoin price to new all-time highs as high as $0.01858 and gave a glimpse of what the meme coin could achieve. Four years later, the 2021 rally dwarfed that performance, with DOGE soaring 30,693% to reach a peak price of $0.73, a milestone that has stood until now. 

However, these runs didn’t happen overnight but were the result of years of sideways consolidation that eventually gave way to parabolic growth once market sentiment turned bullish again. 

A similar setup now appears to be forming on the charts, with Dogecoin once again consolidating in a prolonged phase. The two-week timeframe shows a stable base forming around $0.16 and $0.18, which has acted as a critical range of support in recent months.

Dogecoin Price Chart. Source: @Osemka8 On X

Analyst Expects At Least A 20x Rally

According to the crypto analyst Osemka, the current Dogecoin setup resembles the pre-rally structures of both 2017 and 2021. As such, the analyst noted that there is no reason why the meme coin cannot replicate another rally and increase by at least 20x from here.

With the current Dogecoin price just below $0.18, a 20x move would place DOGE comfortably above the $3 price level, and this corresponds with the analyst’s “few dollars conservatively” estimate. Particularly, the projection is a 2,047% rise to $3.10 in the next major impulse wave that could define 2025. 

At the time of writing, Dogecoin is trading at $0.1782, down by 1.6% in the past 24 hours. The meme coin has been mirroring Bitcoin’s performance very closely in recent weeks in terms of both uptrends and declines. Nevertheless, this technical forecast positions Dogecoin as one of the top candidates for a resurgence once risk appetite returns to the crypto market.

Уникальные свойства биткоина позволяют рассматривать первую криптовалюту как устойчивый к цензуре цифровой аналог «денег на предъявителя», заявил сооснователь Blockstream Адам Бэк (Adam Back).

Through a monitored X social media account managed by a friend, FTX founder Sam Bankman-Fried has shared new details about what happened to users’ crypto after he was incarcerated for misusing funds, which led to the loss of approximately $10 billion in customer deposits. SBF claims that most customer assets were never lost and that nearly all legitimate claims have already been repaid. His statements have sparked renewed discussions about FTX’s collapse, the controversial bankruptcy process, and his role in the events that followed.

FTX Founder Claims Customer Funds Were Never Lost

In his latest X posts, SBF addressed the question on many minds about where customers’ money went. He said that the funds never left, and about 98% of all allowed customer claims have been fully reimbursed, with interest calculated in petition-date US dollars. The FTX founder also noted that when bankruptcy lawyers took over the company, there were sufficient assets to repay everyone in kind. According to him, enough funds remain to cover the entire $6.5 billion disputed claims reserve. 

SBF’s remarks come as tension continues around FTX’s insolvency proceedings and the crypto founder’s ongoing 25-year prison sentence for fraud and conspiracy. He explained that previously, customers with disputed claims, many from China, had won a small victory when a new judge rejected a motion by the bankruptcy lawyers to withhold repayments in 49 countries. He criticized the lawyers for paying themselves and the US government billions of dollars while delaying payments to users. 

The court’s decision was praised by an FTX creditor who goes by “Will的折腾纪.” He leads a group representing Chinese creditors and has consistently called for more attention and unity until every claimant receives payment. Notably, SBF has agreed with the group’s approach and insists that FTX has remained solvent both before and after bankruptcy. He blamed the current Debtors for withholding funds that could already have been distributed. His statements show that even behind bars, he intends to continue defending his version of events. 

Crypto Sleuth Confronts SBF Over Controversial Transfers

While Bankman-Fried made his claims, not everyone accepted them without pushback. Renowned crypto investigator ZachXBT quickly reacted to the FTX founder’s post, questioning how he could assert solvency and transparency while allegedly concealing a $40 million transfer to Chinese authorities. The allegation relates to a 2023 incident where SBF was accused of authorizing a bribe in an attempt to access trading accounts held by his subsidiary firm, Alameda Research. 

Those accounts had been frozen by Chinese authorities and contained nearly $1 billion in cryptocurrency. ZachXBT also referenced an earlier investigation by @DeFiSquared on X, who claimed to have traced the $40 million payment to wallet addresses linked to the Multichain exploiter.

Responding to the post, the FTX founder dismissed the accusation, claiming that Chinese exchanges had sold $1 billion worth of cryptocurrencies and later agreed to return $960 million. He implied that the transfer was part of efforts to recover user funds, not a bribe. In turn, ZachXBT countered with a pointed comparison, asking whether the public would forgive the founder of a Bahamian exchange that allegedly stole $8 billion but only returned a portion of it to its users.

В Аргентине суд заморозил активы сооснователя проекта Libra, американского бизнесмена и советника аргентинского президента Хавьера Милея по блокчейну Хейдена Дэвиса (Hayden Davis), а также двух криптооператоров: колумбийца Фавио Родригеса (Favio Rodriguez) и аргентинца Орландо Меллино (Orlando Mellino).

После недавнего падения эфира ниже $3200 на рынок начали возвращаться крупные игроки и корпоративные инвесторы, обратили внимание эксперты ончейн-платформы CryptoQuant.

While Ethereum has moved back above the $3,500 price mark, renewed buying pressure is being observed around the leading digital asset. Both small and big investors or traders are starting to purchase the altcoin at a rapid rate, pointing to a strategic positioning of the investors.

Top-Tier Investors Are Steadily Buying ETH

Following the recent rebound in the price of Ethereum, several investors are exhibiting newfound interest in the leading altcoin. The report from Prime on X reveals that this fresh buying pressure is particularly evident among top-tier players, also recognized as whale investors in the crypto landscape.

According to data from the Ethereum Spot Average Order Size, ETH’s whale investors are quietly returning to the gradually bullish crypto market. This indicates a clear shift in whale action, with big wallet addresses accumulating ETH once again after multiple weeks of outflows and fear.

The renewed interest from deep-pocketed investors coincides with ETH’s gradual recovery from recent pullback, indicating that whales view present levels as an appealing long-term entry point rather than a sign of weakness. While accumulation among large investors surges, it suggests that smart money might be prepping up for ETH’s next major breakout.

It is worth noting that this buying pressure from big players is spotted at the $3,200 price level. Prime stated that whales are taking advantage of the drop in Ethereum’s price, as they purchase the altcoin at low prices. 

A continuation of this whale acquisition is likely to spur the anticipated rally. In the meantime, the next possible objective for ETH is between the $4,500 and $4,800 range if the $3,000 – $3,400 support zone holds strong.

Corporations Are Still Betting On ETH

This robust accumulation by large players is evident in the persistent purchase of the asset by institutional firms such as Bitmine Immersion. Institutional adoption and interest appear to be growing in tandem with the brief surge in ETH’s price.

Ash Crypto, a market analyst and investor, has reported a fresh massive Ethereum acquisition linked to the leading treasury asset company. Data shared by the market analyst reveals that the company bought over 23,521 ETH, valued at approximately $82.8 million, as the new week began. “Tom Lee wants all your Ethereum,” As Crypto added.

In another X post, Ash Crypto highlighted that Bitmine Immersion acquired ETH worth over $400 million in the past week. Such heavy and persistent buying action underscores the firm’s unwavering conviction in the altcoin’s long-term prospects. Bitmine’s ongoing accumulation stands out amid this period of conflicting market sentiment, indicating that the company believes that the next growth phase for ETH may be far from over.

Amid the buying pressure, the latest readings from the Ethereum Fear and Greed Index show that the market is slipping firmly into Fear levels. A move into the fear zone signals increasing anxiety due to the current volatile state of the broader cryptocurrency market.