In his latest blog post, "Snow Forecast," BitMEX co-founder Arthur Hayes stated that Bitcoin's drop from $125,000 to the $90,000 range, while US stocks remain at historical highs, indicates that "a credit event is brewing." Hayes pointed out that the US dollar liquidity index has weakened significantly since July, and if the market deteriorates further, the Federal Reserve, the Treasury, or other institutions will be forced to accelerate money printing to stabilize the market. During this period, Bitcoin may fall back to $80,000-$85,000. He believes that once US liquidity expands again and stimulus policies are intensified, Bitcoin will quickly reverse course and is expected to surge to the $200,000-$250,000 range by the end of the year.
El Salvador purchased 1,090 bitcoins, worth approximately $100 million, an hour ago.
According to data from the Salvadoran Ministry of Finance's official website bitcoin.gob.sv, the Salvadoran government purchased 1,090 BTC one hour ago, equivalent to approximately $100 million, as shown on the page. Latest data shows that the country's Bitcoin holdings have increased to 7,474.37 BTC, currently worth approximately $687 million.
According to Sentient's official announcement, the $SENT airdrop registration portal is now open. Users must complete all account connections and uniqueness verification before 2:00 AM Beijing time on November 30th. This airdrop is open to four groups: community contributors, active Sentient Chat users, Top Voices social platforms, and external open-source researchers. The airdrop amount is not displayed; eligibility is only confirmed. Registration requires a one-time selfie verification via "Billions" to prevent Sybil attacks. Once submitted, no more accounts can be added.
The Nikkei 225 index fell further to 2%.
Japanese stocks extended their losses in early trading, with the Nikkei 225 index falling 2%.
According to Business Wire, Swiss crypto bank AMINA (Hong Kong) Limited has received a Type 1 license upgrade from the Hong Kong Securities and Futures Commission (SFC), becoming the first international banking group to offer cryptocurrency spot trading and asset custody services to professional investors in Hong Kong. The services cover 24/7 trading, custody, and crypto asset deposits and withdrawals to whitelisted addresses. Initially, it supports 13 crypto assets (including BTC, ETH, USDC, USDT, and mainstream DeFi tokens) and utilizes SOC 1/2 Type 2 level infrastructure. AMINA stated that it will subsequently expand to private equity fund management, structured products, derivatives, and RWA tokenization, targeting institutional, corporate, and high-net-worth clients.
A whale bought over 10,000 ETH in the past 24 hours, at an average price of approximately $3,032.
According to Onchain Lens monitoring, a whale address used $31.16 million USDT to buy 10,275 ETH in the past 24 hours, with an average transaction price of approximately $3,032. Since November 12, this whale has spent a total of $41.89 million USDT to purchase 13,612 ETH, with an overall average price of approximately $3,077.
The Fidelity Solana ETF will officially launch on November 18th.
According to Bloomberg analyst Eric Balchunas, Fidelity's Solana Fund (ticker symbol: $FSOL), a spot ETF tracking Solana, will launch tomorrow (November 18th, ET), with a management fee of 0.25%. The ETF tracks the Fidelity Solana Reference Index (FIDSOLP) and includes SOL collateralized yields. Fidelity is currently the largest asset manager to enter this category, with competitors including Bitwise's $BSOL (currently with $450 million in assets), VanEck's $VSOL (already launched), and Grayscale.
Vitalik Buterin releases "Kohaku," an Ethereum framework centered on privacy.
According to The Block, Vitalik Buterin showcased "Kohaku" at Devcon, an open-source framework providing privacy and security modules for Ethereum wallets and applications. Kohaku's current GitHub repository includes protocol packages such as Railgun and Privacy Pools, supporting fund shielding and proof of innocence. Privacy Pools uses association lists to prevent illicit fund obfuscation. In the demonstration, the wallet integrated Railgun provided privacy protection for publicly accessible funds; future integration with mixnets and the ZK browser may follow. The Ethereum Foundation established Privacy Cluster (47 people) and renamed the PSE team to Privacy Stewards to advance features such as private voting and confidential DeFi.
Coinbase will launch Superfluid (SUP) spot trading.
Coinbase Markets announced that spot trading of Superfluid (SUP) on the Base network will launch on November 17 (Eastern Time), and the SUP-USD trading pair will open later that day in supported regions depending on liquidity conditions.
Coinbase will launch TON spot trading.
According to Coinbase Markets, Coinbase will support Toncoin (TON), but deposits will only be accepted through The Open Network (TON). Deposits on other networks will result in asset loss. The TON-USD spot trading pair is expected to open on or after 01:00 (UTC+8) on November 19th, for regions that support trading.
US stocks closed lower: All three major indexes fell, with Coinbase down more than 7%.
U.S. stocks closed Monday with the Dow Jones Industrial Average down 1.2%, the S&P 500 down 0.9%, and the Nasdaq Composite down 0.84%. Google (GOOG.O), which saw a Buffett investment, rose 3%, while Apple (AAPL.O) and Nvidia (NVDA.O) fell around 2%, and Coinbase (COIN.O) dropped 7.06%.
Crypto data website DappRadar announced its closure on the X platform. The platform stated that operating a project of this size was financially unsustainable in the current environment, and after exhausting all possibilities, the difficult decision to shut down was made. DappRadar started in 2018, inspired by CryptoKitties, aiming to help people explore and understand decentralized applications. The platform will soon begin its final stages, ceasing to track blockchain and decentralized application data and gradually shutting down related services. Regarding the DAO and RADAR token, further announcements will be made through regular DAO channels; important decisions remain pending, and community participation in the discussion is encouraged.
Yala, a Bitcoin liquidity and native stablecoin project, released an update on the X platform regarding the recent liquidity issue of its YU token: On September 14, 2025, an attacker used a temporary deployment key to build an unauthorized cross-chain bridge and withdrew 7.64 million USDC (approximately 1636 ETH), causing YU to temporarily de-peg. However, no core protocol vulnerabilities were compromised, and there was no loss of Bitcoin reserves. The team injected $5.5 million of its own funds and supplemented liquidity through the Euler platform. YU was fully restored on September 23, and the Yala protocol returned to normal. On October 29, Bangkok law enforcement arrested the attacker, and most of the funds were recovered pending legal review. Some funds were converted to Ethereum in advance, and the price dropped. Combined with the attacker's spending of some funds, the actual recovered value is reduced. More detailed information will be provided when legally permissible. Recently, retail investors withdrawing funds from DeFi has exacerbated market panic and liquidity shortages. Euler has been affected, with some previously held YU stablecoin positions and liquidity restricted. Yala is not integrated with Kamino's lending products, and wallet addresses starting with AyCJS5 are unrelated to Yala and its team. The team is focused on protecting user interests and the long-term operation of Yala, and is currently assessing the necessary funding and raising funds with law enforcement and funding partners. Due to tight agreements and asset liquidity, this process will take time, and a clear plan, including the fund recovery path and next operational measures, is expected to be provided by December 15th.
According to market sources, Cboe Futures Exchange will launch continuous futures contract trading for Bitcoin and Ethereum on December 15.
The VanEck Solana ETF is now officially launched and trading.
VanEck announced on the X platform that its VanEck Solana ETF (ticker symbol VSOL) is now officially launched and trading has begun.
Tom Lee: The peak of the cryptocurrency cycle may still be 12 to 36 months away.
According to PR Newswire, Fundstrat co-founder and BitMine chairman Tom Lee stated that cryptocurrency prices have yet to recover since the October 10th liquidation event, and the current continued weakness suggests that market makers' balance sheets may have been damaged. When balance sheets show a "gap," market makers seek to raise funds and reduce liquidity operations in the market, which is equivalent to quantitative tightening in the cryptocurrency sector and suppresses prices. In 2022, this quantitative tightening effect lasted for 6 to 8 weeks, and a similar situation may be unfolding now. However, he believes that cryptocurrency prices have not yet peaked in this cycle. After analyzing five cyclical explanations, he concluded that two are of significant value, both indicating that the cryptocurrency cycle top may still be 12 to 36 months away, unlike past cycles. Following the largest single-day deleveraging event in cryptocurrency history on October 10th, trading volumes are still recovering, which has also affected related stocks. The fourth quarter is a strong season for cryptocurrency and stock prices, historically encouraging investors to increase "open contracts," so trading volumes should improve in the coming weeks.
According to PR Newswire, Nasdaq-listed Ethereum treasury company BitMine Immersion Technologies announced that its total assets in crypto assets, cash, and "potential investments" have reached $11.8 billion. As of November 16, the company's crypto asset holdings included 3,559,879 ETH, 192 BTC, $37 million worth of Eightco Holdings equity, and $607 million in unburdened cash. This means BitMine increased its ETH holdings by 54,156 and its unburdened cash by $209 million last week, but due to the decline in ETH prices, its total assets shrank by $1.4 billion compared to the previous week.
SOL Strategies will provide collateral services for VanEck's Solana ETF.
According to The Block, Solana financial company SOL Strategies announced it will provide staking services for VanEck's Solana ETF. VanEck has selected SOL Strategies to stake the SOL tokens held in its ETF, which recently filed an 8-A form statement with the U.S. SEC. The staking will be conducted through an Orangefin validator node acquired by SOL Strategies last December. The company is traded on the Canadian Stock Exchange under the ticker symbol HODL and on the Nasdaq Capital Market under the ticker symbol STKE. At the close of trading last Friday, HODL shares fell 5.85% to C$3.38, while STKE shares fell 6.23% to US$2.41.
Cryptocurrency company LevelField receives Illinois approval to acquire Burling Bank
According to Bloomberg, LevelField Financial Inc. has received approval from the Illinois Department of Financial and Professional Oversight to acquire Chicago-based Burling Bank and transform it into a full-fledged cryptocurrency bank. The deal still requires approval from the Federal Reserve Board of Governors. According to CEO Gene Grant II, LevelField aims to close the transaction by the end of the year, subject to regulatory approval and other closing conditions. According to filings with the Federal Reserve, LevelField has agreed to spend up to $70 million to acquire the bank. This is the second attempt by the two companies to merge. Back in early 2023, just before the collapse of Silvergate and Signature banks, LevelField attempted to acquire Burling Bank. They withdrew their offer a year later, but reapplied after Trump's election as US president in December 2024. The merged entity will retain Burling Bank's core community banking business, with a new focus on providing deposit accounts, loans, and custody services tailored to digital assets, such as term loans and credit cards secured by Bitcoin or Ethereum.
According to Businesswire, Nasdaq-listed SOL treasury company Forward Industries released its monthly treasury update, showing that as of November 15, 2025, the company held a total of 6,910,568 Solana (SOL). Since its inception, the company has purchased 6,834,505.96 SOL at a net cost of $232.08 per SOL, for a total cost of approximately $1.59 billion. Since its inception, the company's validator node infrastructure has achieved an annualized total yield (APY) of 6.82% before fees. Currently, almost all of the company's SOL holdings are pledged.
Strategy spent $835.6 million to acquire 8,178 Bitcoins.
According to Bitcoin News, Strategy (formerly MicroStrategy) spent $835.6 million to purchase 8,178 bitcoins at a price of $102,171 each. The company now holds 649,870 bitcoins, with a total purchase cost of $48.37 billion, averaging $74,433 per bitcoin.
Aave will launch an app on the Apple App Store that offers consumers high returns.
According to Fortune magazine, Aave Labs announced on Monday plans to launch its app on the Apple App Store and opened a waiting list for interested users. Aave's new product is similar to a savings account but offers higher returns. Users can earn a minimum of 5% interest on their assets and can deposit funds via bank account or debit card. The product uses stablecoins and the Aave protocol.
The Hong Kong Securities and Futures Commission (SFC) issued a circular today urging licensed corporations and virtual asset trading platforms to remain vigilant against suspicious fund transfers indicating tiered trading activities in order to prevent money laundering. The SFC noted in the circular that there is a growing trend of criminals using licensed institutions for tiered trading activities, with some attempting to launder proceeds from fraud and deception cases by concealing the source and destination of illicit funds. Common warning signs of tiered trading activities involve a series of suspicious behaviors, including frequent, rapid, and organized deposits of funds into client accounts, followed by immediate withdrawals in the form of cash or virtual assets. The SFC also reiterated in the circular the stringent standards it expects of licensed institutions to detect and prevent tiered trading activities.
According to CoinDesk, DEX aggregator 1inch has launched a new liquidity protocol, Aqua, designed to allow DeFi applications to share the same liquidity pool across multiple strategies without compromising user asset custody. Developers can now access the Aqua Software Development Kit (SDK), codebase, and technical documentation on GitHub, with the full front-end interface expected to launch in early 2026. Aqua introduces what 1inch calls a "shared liquidity layer," allowing funds in a single wallet to support multiple trading strategies simultaneously. Typically, users must choose a single strategy and lock their funds in a specific smart contract. With Aqua, these assets remain in the user's wallet and are only invoked by the strategy during trade execution. Specifically, liquidity providers can authorize their tokens for multiple strategies simultaneously, such as Automated Market Makers (AMMs), stablecoin exchange pools, or custom logic strategies. Each strategy follows independent rules and access restrictions and is tracked by Aqua's accounting system.
The Trump Organization plans to develop tokenized resorts in the Maldives with its Saudi partners.
According to Bloomberg, the Trump Organization is planning to develop a luxury resort in the Maldives with a Saudi Arabian partner and plans to tokenize the hotel development project. In a joint statement Monday, the two companies said the Trump International Hotel Maldives project will include 80 ultra-luxury beach villas and overwater villas, and will be developed jointly by the Trump Organization and Dar Global Plc, a London-listed subsidiary of the Saudi developer. The Maldives resort is scheduled to open by the end of 2028, just a 25-minute speedboat ride from the capital, Malé. Tokenization of the project will allow investors to participate in the development phase, offering digital shares that investors can purchase in token form.
According to The Block, analysts at Bernstein Research stated that Bitcoin has fallen about 25% since hitting an all-time high of approximately $126,000 on October 6th, marking a short-term correction rather than the start of a major downtrend. This decline reflects investor concerns about historical four-year cycle patterns; however, current market fundamentals are stronger, with a significant absorption of long-term holder supply, suggesting it may simply be a "shallow pullback" to a new local bottom. Institutional holdings in Bitcoin ETFs have risen from 20% at the end of 2024 to 28% currently. Despite $3 billion in outflows from ETFs over the past three weeks, total assets under management still reach $125 billion. This shift reflects a "higher quality and more stable holding structure," reducing the likelihood of a large sell-off. Regarding concerns about Strategy's potential Bitcoin sale, analysts stated that management has confirmed it will not sell, noting the company's conservative leverage ratio, with $8 billion in debt secured by its $61 billion Bitcoin holdings, and dividends "fully covered by its cash reserves," with further funding available through market offerings. Furthermore, the Trump administration's strong support for cryptocurrencies, the potential advancement of related legislation, the favorable environment created by declining interest rates, and increased institutional participation in tokenization and stablecoins all contribute to the positive outlook. Analysts believe that the current market is not at a cyclical peak, and they are watching to see if Bitcoin can bottom out near the $80,000 range that emerged after last year's US presidential election. They believe the current pullback may provide attractive entry points for digital assets and crypto stocks.
According to official sources, GoPlus Security Research Institute conducted a detailed security risk scan of over 30 x402 projects and risky projects warned by the community in Binance Wallet and OKX Wallet. The following projects were found to have risks of over-authorization, signature replay, HonyPot (Pixiu token), and unlimited issuance: FLOCK (0x5ab3): The transferERC20 function allows the owner to withdraw any number of any tokens from the contract. x420 (0x68e2): The crosschainMint function can mint tokens without limit. U402 (0xd2b3): The mintByBond function allows the bond to mint coins without limit. MRDN (0xe57e): The withdrawToken function allows the owner to withdraw any number of any tokens from the contract. PENG (0x4444ee, 0x444450, 0x444428): The manualSwap function allows the owner to withdraw ETH from the contract; the transferFrom function bypasses allowance checks for certain accounts. x402Token (0x40ff): The transferFrom function allows certain accounts to bypass the allowance check. x402b (0xd8af5f): The manualSwap function allows the owner to withdraw ETH from the contract; the transferFrom function allows certain accounts to bypass the allowance check. x402MO (0x3c47df): The manualSwap function allows the owner to withdraw ETH from the contract; the transferFrom function allows certain accounts to bypass the allowance check.
According to CoinShares' latest weekly report, digital asset investment products saw a total outflow of $2 billion last week, the largest outflow since February. This marks the third consecutive week of outflows, bringing the cumulative total to $3.2 billion. The firm believes that monetary policy uncertainty and selling by crypto "whales" are the main reasons for the recent market downturn. The recent price decline has caused the total assets under management (AuM) of digital asset ETPs to fall from a peak of $264 billion in early October to $191 billion, a drop of 27%. Despite widespread negative sentiment across regions, the US accounted for 97% of the outflows, totaling $1.97 billion, followed by Switzerland and Hong Kong with outflows of $39.9 million and $12.3 million respectively. German investors, however, bucked the trend, viewing the recent price weakness as an investment opportunity, with inflows totaling $13.2 million. Bitcoin was hit hardest, with outflows reaching $1.38 billion last week, representing 2% of its total assets under management over the past three weeks. Ethereum performed relatively worse, with $689 million flowing out last week, representing 4% of its total assets under management. Solana and XRP also saw smaller outflows of $8.3 million and $15.5 million, respectively.
Singapore-based crypto investment firm QCP Capital analyzed that Bitcoin continued its decline last week, plummeting 27% from its all-time high, almost wiping out its gains this year. It also broke below its 50-week moving average and closed below $100,000 for the first time since May 4th, making the entire digital asset market more cautious. Discussions about the near end of a four-year cycle further exacerbated bearish sentiment. Currently, Bitcoin's price is hovering above the key support level of $92,000, a level that served as a strong bottom in the fourth quarter of last year and the first quarter of this year. Given the unfilled gap on the CME, a short-term technical rebound is possible, but selling pressure above could limit its strength. Furthermore, rising macroeconomic uncertainty and slow recovery of liquidity in the crypto market mean the market remains fragile. As Washington resumes normal operations and a backlog of economic data is about to be released, the stock market has turned defensive, with the September jobs report attracting significant attention, and market volatility is expected. The crypto options market also shows caution, with high short-term implied volatility and a bearish bias for Bitcoin. The current crypto bull market cycle is precarious; a short-term rebound is possible, but the downside remains the path of least resistance.
According to CoinDesk, the Singapore Exchange (SGX) derivatives division will soon allow institutional investors to trade cryptocurrency perpetual futures contracts. SGX Derivatives announced on Monday that it will launch Bitcoin and Ethereum perpetual contracts on November 24, promising to combine the structure and credibility of the global derivatives market with the flexibility of popular cryptocurrency trading instruments. SGX's perpetual futures are benchmarked against the iEdge CoinDesk Crypto Index, ensuring alignment with a widely used benchmark for institutional price discovery. Previously, in August, the SGX CEO revealed that the exchange might list cryptocurrency perpetual futures contracts by the end of the year.
Amber deposited approximately $10.98 million worth of UNI tokens into Coinbase half an hour ago.
According to The Data Nerd, 30 minutes ago, Amber deposited 1.392 million UNI tokens into Coinbase, worth approximately $10.98 million.
