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Crypto ETPs rebound with $1.07 billion inflows after four weeks of losses, while XRP hits record weekly gains amid US ETF launches. Cryptocurrency investment products snapped a four-week losing streak, drawing about $1 billion in fresh money after four consecutive weeks of losses totaling $5.5 billion. Crypto exchange-traded products (ETPs) recorded $1.07 billion of inflows last week, their first week of gains since late October, according to the European crypto asset manager CoinShares. James Butterfill, CoinShares’ head of research, attributed the rebound to optimism over a potential US interest rate cut, following remarks from Federal Open Market Committee (FOMC) member John Williams. Read more
HKEX published a post-hearing information pack for HashKey Holdings, pushing Hong Kong’s top crypto exchange closer to a high-profile IPO. HashKey Holdings, the parent company of one of Hong Kong’s biggest licensed crypto exchanges, moved a step closer to a public listing, according to new filings from the Hong Kong Stock Exchange (HKEX). On Monday, the HKEX published a 633-page post-hearing information pack for HashKey Holdings. The document was published at the request of The Stock Exchange of Hong Kong Limited and the local financial regulator, the Securities and Futures Commission (SFC). A post-hearing information pack is only published after HKEX’s listing committee formally clears an applicant at the listing hearing. In other words, without explicitly stating it, this document indicates that HashKey has moved closer to listing on the exchange and is progressing toward its initial public offering (IPO). Read more
Bitcoin gained fresh BTC price crash predictions as it fell to $85,000 in flash volatility at the monthly close amid a lack of liquidity. Bitcoin (BTC) threatens a fresh crash as December begins with a snap 5% BTC price drawdown. Bitcoin price volatility hits around the November monthly close, with BTC/USD falling to near $85,000. Analysis blames a lack of market liquidity, while history warns that bearishness may continue in December. Read more
Sony Bank is reportedly pursuing a US license and partnering with Bastion as it develops a 2026 dollar stablecoin connected to its growing Web3 unit, BlockBloom. Sony Bank, the online lending subsidiary of Sony Financial Group, is reportedly preparing to launch a stablecoin that will enable payments across the Sony ecosystem in the US. Sony is planning to issue a US dollar-pegged stablecoin in 2026 and expects it to be used for purchases of PlayStation games, subscriptions and anime content, Nikkei reported on Monday. Targeting US customers — who make up roughly 30% of Sony Group’s external sales — the stablecoin is expected to work alongside existing payment options such as credit cards, helping reduce fees paid to card networks, the report said. Read more
Bitcoin opened the week in the red as fears of a Bank of Japan rate hike triggered a yen carry trade unwind, potentially risking a drop in BTC price to $67,000. Bitcoin (BTC) experienced a sharp pullback in early Asian trading on Monday, dropping to $85,500 amid increasing expectations of a December rate hike by the Bank of Japan (BOJ). Key takeaways: Bitcoin dropped 5% to almost $85,000 in a marketwide correction, liquidating $656 million in longs. Read more
Japan’s 10-year bond yields surged to 1.86%, the highest since 2008, threatening to unwind the yen carry trade that funneled trillions into risk assets. Japanese government bond yields have jumped to their highest level in decades, prompting some analysts to speculate that it could be behind the recent crypto market sell-off on Sunday. Japan’s 10-year government bond yield hit 1.86% on Monday, its highest level since April 2008, according to MarketWatch. Yields in the 10-year bonds have almost doubled in Japan over the past 12 months. Japan’s two-year bond yields also hit 1% for the first time since 2008. Read more
The privacy-preserving decentralized AI platform is built on top of The Open Network, and users earn TON for renting out computing power. The Cocoon decentralized AI network, a privacy-preserving distributed computing platform built on The Open Network (TON) — an independent layer-1 blockchain associated with the Telegram messaging application — went live on Sunday. Cocoon allows owners of graphics processing units (GPUs) to rent their computing power to the network, processing user queries and requests in return for Toncoin (TON), the native token of the TON blockchain. The decentralized AI network has processed its first requests from users, and GPU owners are already profiting from renting out their hardware, according to Telegram co-founder Pavel Durov. He said: Read more
The comments followed S&P's downgrade of USDt's ability to maintain its peg, which cited Tether's Bitcoin and gold reserves as a concern. Tether CEO Paolo Ardoino and market analysts pushed back against S&P Global’s downgraded rating of USDt’s (USDT) ability to maintain its US dollar peg, saying that the ratings agency did not account for all of Tether’s assets and revenues. The Tether Group’s total assets at the end of Q3 2025 totaled about $215 billion, while its total stablecoin liabilities were about $184.5 billion, according to Ardoino, who referenced Tether’s Q3 attestation report. He added: S&P made the same mistake of not considering the additional Group Equity, nor the roughly $500 million in monthly base profits generated by US Treasury yields alone,” Ardoino continued. Read more
Although most models projected ETH prices above $4,000, one critical valuation model bucked the trend, signaling that ETH may be overvalued. The native token of the Ethereum network, Ether (ETH), is undervalued in nine out of 12 commonly used valuation models, according to Ki Young Ju, a market analyst and CEO of crypto market analysis platform CryptoQuant. A composite “fair value” using all 12 valuation models prices ETH at about $4,836, an over 58% gain compared to its price at the time of this writing. Each valuation model was rated on a three-tiered scale for reliability, with three being the most reliable. Eight out of the 12 models feature a reliability rating of at least two. “These models were built by trusted experts across academia and traditional finance,” Ju said. Read more
Bitcoin price stayed stuck near $91,000 due to weak ETF flows and cautious derivatives as stocks and gold rallied on rising rate-cut bets. Bitcoin (BTC) failed to reclaim $93,000 despite positive momentum in the US stock market and rising gold prices. With the S&P 500 trading just 1% below its all-time high, traders are evaluating what could spark sustainable bullish momentum for Bitcoin. Key takeaways: Demand for BTC put (sell) options and stagnant ETF inflows kept momentum capped despite easing macroeconomic conditions. Read more
New research showed BTC price action on course to copy the 2022 bear market while risk-asset inflows showed signs of a bullish turnaround. Bitcoin (BTC) is repeating its latest bull market bottom with near 100% correlation in 2025. Key points: Bitcoin is tracking the 2022 bear market with concerning accuracy, with the end of the year just a month away. Read more
Strategy CEO Phong Le says Bitcoin would only be sold if the company’s stock falls below net asset value and funding options disappear, calling it a financial decision. Strategy would consider selling Bitcoin only if its stock falls below net asset value and the company loses access to fresh capital, CEO Phong Le said in a recent interview. Le told the What Bitcoin Did show that if Strategy’s multiple to net asset value (mNAV) were to slip under one and financing options dry up, unloading Bitcoin becomes “mathematically” justified to protect what he calls “Bitcoin yield per share.” However, he noted that the move would be a last resort, not a policy shift. “I would not want to be the company that sells Bitcoin,” he said, adding that financial discipline has to override emotion when markets turn hostile. Read more
BlackRock says $2.34 billion in November outflows from IBIT are normal as demand once pushed the ETF near $100 billion. BlackRock’s spot Bitcoin exchange-traded fund (ETF) closed November under pressure after experiencing heavy withdrawals, but the asset manager remains confident in its long-term outlook for the product. Speaking in São Paulo, BlackRock business development director Cristiano Castro said the company’s Bitcoin (BTC) ETFs had become one of its biggest revenue drivers, calling their growth “a big surprise” given how fast allocations surged this year. Castro’s comments followed a rough month for BlackRock’s US-listed IBIT, which logged an estimated $2.34 billion in net outflows across November. The two largest withdrawals came mid-month, with about $523 million leaving on Nov. 18 and roughly $463 million on Nov. 14. Read more
Stablecoin yields not being overly high suggests the market hasn’t reached a “major top” and Ether may reach $3,200 in the near term, according to Santiment. Ether’s price may rise nearly 7% in the near term, as subdued stablecoin yields suggest the crypto market has yet to reach overheated conditions, according to crypto sentiment platform Santiment. “Currently, yields are low, around 4%. This indicates the market has not reached a major top and could still push higher,” Santiment said in a report on Saturday, forecasting that Ether (ETH) could revisit its $3,200 resistance level soon. This represents an approximate 6.7% increase from its price of $2,991 at the time of publication according to CoinMarketCap. Read more
Nasdaq’s head of digital assets strategy, Matt Savarese, said the stock exchange is ready to answer any questions the SEC may have for its proposal for tokenized stocks. The US Nasdaq stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority, according to the exchange’s crypto chief. “We’ll just move as fast as we can,” Nasdaq’s head of digital assets strategy, Matt Savarese, said during an interview with CNBC on Thursday, when asked whether the SEC could approve the proposal this year. “I think what we have to really evaluate where the public comments come back in and then answer and respond to the SEC questions as they come through,” Savarese said. “We hope to kind of work with them as quickly as possible,” Savarese said. Read more
Animoca Brands is betting on altcoins amid its plans to go public, Bitcoin eyes a return to $100,000, and more: Hodler’s Digest Members of the Bitcoin community and supporters of Strategy, the largest corporate holder of Bitcoin, are criticizing JPMorgans proposed Bitcoin-backed notes, accusing the bank of spreading fear, uncertainty and doubt about Strategy and other crypto treasury companies. JPMorgans notes are a leveraged investment product tied to the price of Bitcoin. The product tracks BTC but amplifies the outcome, giving holders 1.5 times the gains or the losses through December 2028. The notes are slated for a December 2025 launch, according to an SEC filing. The move drew sharp criticism from the Bitcoin community, with many saying that JPMorgan is now a direct competitor to BTC treasury companies and has an incentive to marginalize companies like Strategy to promote its own structured financial product. Read more
Animoca Brands is betting on altcoins amid its plans to go public, Bitcoin eyes a return to $100,000, and more: Hodler’s Digest Members of the Bitcoin community and supporters of Strategy, the largest corporate holder of Bitcoin, are criticizing JPMorgans proposed Bitcoin-backed notes, accusing the bank of spreading fear, uncertainty and doubt about Strategy and other crypto treasury companies. JPMorgans notes are a leveraged investment product tied to the price of Bitcoin. The product tracks BTC but amplifies the outcome, giving holders 1.5 times the gains or the losses through December 2028. The notes are slated for a December 2025 launch, according to an SEC filing. The move drew sharp criticism from the Bitcoin community, with many saying that JPMorgan is now a direct competitor to BTC treasury companies and has an incentive to marginalize companies like Strategy to promote its own structured financial product. Read more
Bitcoin miners caught a break on Thursday as difficulty dropped, but the relief may be short-lived if it rises in December, as forecast. The Bitcoin (BTC) mining difficulty is projected to increase during the next difficulty adjustment scheduled for December 11, as hashprice, a critical metric that measures expected miner profitability per unit of computing power, sits at record lows. Bitcoin’s next mining difficulty adjustment is expected to occur at block 927,360 at about 12:09:34 AM UTC, marginally increasing the difficulty from 149.30 trillion to 149.80 trillion, according to CoinWarz. The most recent adjustment, which occurred on Thursday, decreased the difficulty from 152.2 trillion to 149.3 trillion, resulting in an average blocktime of about 9.97 minutes at the time of this writing, slightly below the 10-minute target. Read more
The Hyperliquid development team provided clarity on Saturday's token unlock in response to community fears of increased selling pressure. The team behind the Hyperliquid decentralized exchange (DEX) disclosed a 1.75 million HYPE token unlock for its developers and core contributors on Saturday, valued at over $60.4 million at the time of this writing. Saturday’s token unlock was previously announced and is part of HYPE’s vesting schedule, according to pseudonymous Hyperliquid developer iliensinc, who celebrated the first anniversary of Hyperliquid’s historic airdrop and token generation event. He said: The unlock sparked fear about potential selling pressure that could impact HYPE’s market price, which declined by about 4.6% at the time of this writing. Read more
Self-custody of assets and financial privacy are both fundamental rights consistent with the pro-freedom philosophy on which the US was founded. Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions. “I’m a freedom maximalist,” Peirce told The Rollup podcast on Friday, while saying that self-custody of assets is a fundamental human right. She added: Peirce added that online financial privacy should be the standard. “It has become the presumption that if you want to keep your transactions private, you're doing something wrong, but it should be exactly the opposite presumption,” she said. Read more6874 items