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BlackRock expands Ethereum strategy with new staking ETF – DetailsBlackRock’s iShares Staked Ethereum Trust ETF signals institutional shift, balancing yield potential with regulatory uncertainty.
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Ether Surges 8%, Outpacing Bitcoin Gains Amid Staking ETF, Tokenization OptimismBlackRock's filing for a staking ether ETF earlier this week has contributed to ETH's relative strength to bitcoin, one market strategist noted.
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New Bitcoin ETF Bets on Nighttime TradingThis new product is one of the more unconventional innovations in the burgeoning crypto ETF space.
XRP ETFs Shatter Records With Their Biggest Weekly Inflows To Date, Wall Street Flocking In?Despite a recent bounce and the broader cryptocurrency market gradually turning bullish, the price of XRP remains confined between the $2 and $2.12 range. XRP’s price may be experiencing sideways movements, but both retail and institutional investors are still showing heightened appetite for the leading alctoin via the Spot Exchange-Traded Funds (ETFs). A Record-Breaking Week […]
CZ shuts down fake ASTER ETF rumor – But does his support boost the real rally?The fake filing dominated feeds, but ASTER’s fundamentals kept shaping its short-term structure.
Bitcoin Price Prediction: BlackRock Doubles Down on Crypto with New ETF Filing – Is a Full-Scale Wall Street Invasion About to Begin?BlackRock's SEC filing for a staked Ethereum ETF represents a strategic shift toward yield-bearing crypto products, coming as the firm's Bitcoin ETF commands $70 billion in assets and sovereign funds quietly accumulate BTC despite technical weakness near $92,000. The post Bitcoin Price Prediction: BlackRock Doubles Down on Crypto with New ETF Filing – Is a Full-Scale Wall Street Invasion About to Begin? appeared first on Cryptonews.
Wall Street Giant Bernstein Predicts Bitcoin Price To Hit $1 Million By 2033Wall Street research firm Bernstein has reiterated one of the boldest long-term calls in traditional finance, confirming a $1 million Bitcoin price target for 2033 while materially revising how and when it expects the market to get there. Bernstein Keeps $1 Million Price Target For Bitcoin The latest shift surfaced after Matthew Sigel, head of digital assets research at VanEck, shared an excerpt from a new Bernstein note on X. In it, the analysts write: “In view of recent market correction, we believe, the Bitcoin cycle has broken the 4-year pattern (cycle peaking every 4 years) and is now in an elongated bull-cycle with more sticky institutional buying offsetting any retail panic selling.” The analyst from Bernstein added: “Despite a ~30% Bitcoin correction, we have seen less than 5% outflows via ETFs. We are moving our 2026E Bitcoin price target to $150,000, with the cycle potentially peaking in 2027E at $200,000. Our long term 2033E Bitcoin price target remains ~$1,000,000.” Related Reading: Did 2025 Mark A Bear Market For Bitcoin? Predictions Point To A $150,000 Rally In 2026 This marks a clear evolution from Bernstein’s earlier cycle roadmap. In mid-2024, when the firm first laid out the $1 million-by-2033 thesis as part of its initiation on MicroStrategy, it projected a “cycle-high” of around $200,000 by 2025, up from an already-optimistic $150,000 target, explicitly driven by strong US spot ETF inflows and constrained supply. Subsequent commentary reiterated that path and framed Bitcoin firmly within the traditional four-year halving rhythm: ETF demand would supercharge, but not fundamentally alter, the classic post-halving boom-and-bust pattern. Reality forced an adjustment. Bitcoin did break to new highs on the back of ETF demand, validating Bernstein’s structural call that regulated spot products would be a decisive catalyst. However, price action has fallen short of the earlier timing: the market topped out in the mid-$120,000s rather than the $200,000 band originally envisaged for 2025, and a roughly 30% drawdown followed. Related Reading: Bitcoin To Hit $50 Million By 2041, Says EMJ Capital CEO What changed is not the end-state, but the path. Bernstein now argues that the four-year template has been superseded by a longer, ETF-anchored bull cycle. The critical datapoint underpinning this view is behavior in the recent correction: despite a near one-third price decline, spot Bitcoin ETFs have seen only about 5% net outflows, which the firm interprets as evidence of “sticky” institutional capital rather than the reflexive retail capitulation that defined previous tops. In the new framework, earlier targets are effectively rescheduled rather than abandoned. The mid-2020s six-figure region is shifted out by roughly one to two years, with $150,000 now penciled in for 2026 and a potential cycle peak near $200,000 in 2027, while the 2033 $1 million objective is left unchanged. In that sense, Bernstein’s track record is mixed but internally consistent. The firm has been directionally right on the drivers—ETF adoption, institutionalization, and supply absorption—but too aggressive on the speed at which those forces would translate into price. The latest note formalizes that recognition: same destination, slower ascent, and a Bitcoin market that Bernstein now sees as governed less by halvings and more by the behavior of large, ETF-mediated capital pools over the rest of the decade. At press time, BTC traded at $90,319. Featured image created with DALL.E, chart from TradingView.com
Crypto Traders Turn Cautious, Favor Bitcoin Over Risky Altcoin BetsBitcoin has rebounded to around $92,000 as crypto markets have absorbed a $2B liquidation shock, but ETF outflows, softer realised capital inflows and elevated volatility show traders have favored delta-neutral yield strategies ahead of Fed and BOJ decisions over fresh altcoin exposure. The post Crypto Traders Turn Cautious, Favor Bitcoin Over Risky Altcoin Bets appeared first on Cryptonews.
Bitcoin and XRP Secure Fresh NYSE Exposure Through Bitwise Index MoveBitcoin and XRP expanded their Wall Street footprint as part of Bitwise's index listing on NYSE Arca amid $935 million ETF inflows.
Shiba Inu’s Volume Explosion: Leading Meme Coin Barrels Ahead In This MetricShiba Inu has recorded a notable surge in spot trading activity on several exchanges over the last seven days. This provides a bullish outlook for the second-largest meme coin by market cap, which has been one of the underperformers in this market cycle. Shiba Inu Sees Surge In Spot Trading Activity CoinGlass data show a 154% surge in Shiba Inu USD spot trading volume on Kraken over the last seven days. There has also been a significant surge on other major exchanges, such as Binance, Bybit, OKX, and Gemini, during the same period. This indicates that spot buyers may be stepping in to defend the SHIB price at a critical support amid the broader crypto market decline. Related Reading: Will A Shiba Inu ETF Follow After Dogecoin? The Lone SHIB Filing Standing Against The Crowd Notably, Shiba Inu is one of the altcoins that are in the green over the last week, suggesting that the bulls may be in control at the moment. CoinMarketCap data shows that the second-largest meme coin by market cap is up almost 7% during this period despite Bitcoin’s choppy price action. Meanwhile, further data from CoinGlass also shows that most leverage traders are currently betting on an increase in the Shiba Inu price, with the long/short ratio currently above 1. However, it is worth noting that derivatives volume is down by over 10% and open interest is down by almost 4%, which presents a bearish outlook for the meme coin. Another positive for Shiba Inu, besides the surge in spot trading volume, is that the Fed is likely to cut interest rates again at this week’s FOMC meeting. This could inject more liquidity into the crypto market, with altcoins like SHIB benefiting from it. Meanwhile, Bitcoin is currently looking to hold above the psychological $90,000 level, which could pave the way for higher prices for SHIB given their positive correlation. Community Gives Update On SHIB’s Progress In an X post, Shiba Inu community member Shibizens gave an update on SHIB’s progress over the last few days. The community member noted that over 45 billion SHIB have been moved off exchanges, indicating that holders are accumulating. Shibizens also alluded to a $35 million whale transfer into a private wallet, suggesting that SHIB whales are also bullish. Related Reading: Will The Shiba Inu Price Hit A New All-Time High In 2025? Machine Learning Algorithm Answers Furthermore, Coinbase is set to launch Shiba Inu futures on December 12 for institutional and retail investors, which could boost the meme coin’s adoption. Meanwhile, NYSE Arca has filed the 19b-4 for T. Rowe’s Shiba Inu ETF, bringing the ETF one step closer to launch. Shibuzens also highlighted upgrades on the Shibarium network, which could provide a major boost for SHIB. This includes the RPC upgrade, while a full privacy upgrade has been confirmed using encrypted tech. There are plans to roll this out by next year. At the time of writing, the Shiba Inu price is trading at around $0.000008498, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Peakpx, chart from Tradingview.com
Bitcoin edges near ETF average cost as inflows slow and price consolidatesBitcoin is trading close to the average entry price of U.S. spot ETFs, while daily inflows temporarily turn negative.
Will the ETF Era Usher in the End of Crypto Tribalism?There was once a time when you picked a side — the token you were excited about. But crypto has become one of the fastest-growing asset classes of the last decade. Soon, it seems, you’ll just pick an allocation. But will that take the fun out of crypto?
Bitwise 10 Crypto Index ETF debuts on NYSE Arca with BTC, ETH, and XRP exposureBitwise 10 Crypto Index ETF NYSE Arca approval grants access to BTC, ETH, XRP, and more via a market-cap weighted crypto fund. The post Bitwise 10 Crypto Index ETF debuts on NYSE Arca with BTC, ETH, and XRP exposure appeared first on Crypto Briefing.
Is the BTC cycle dead? Why analysts predict $150K Bitcoin by 2026Spot Bitcoin ETF resilience drives Bernstein’s bold forecast: $150K in 2026, $1M by 2033.
XRP Secures $1B AUM Milestone, Sets ETF Speed Record In The USXRP Spot ETFs have nearly crossed the $1 billion mark in assets under management (AUM), marking one of the quickest ramps since Ethereum, according to Ripple’s CEO. Related Reading: All-In On XRP: Why This Leading Investor Sold His Entire Bitcoin Stack Rapid Fund Growth In Weeks According to the disclosure, the four XRP ETF products now hold about $1.23B in total net assets, which equals 597 million XRP at a reported XRP price of $2.06. Reports have disclosed a fresh inflow of $30 million on Monday, Dec. 8, and the cumulative net inflow into these products stands close to $935 million. Ripple CEO Brad Garlinghouse highlighted that the collective figure reached the $1 billion level in under four weeks after the first fund hit the market. Canary Capital Leads With Heavy Flows Canary Capital’s XRPC grabbed the most attention at launch, bringing roughly $245 million in net flows on its debut day on Nov. 13. Canary’s fund holds about 335.889 million XRP, valued at approximately $691 million, which represents 56% of the combined assets across the four funds. 👀<4 weeks, and XRP is now the fastest crypto Spot ETF to reach $1B in AUM (since ETH) in the US. With over 40 crypto ETFs launched this year in the US alone, a few points are obvious to me: 1/ there’s pent up demand for regulated crypto products, and with Vanguard opening up… — Brad Garlinghouse (@bgarlinghouse) December 8, 2025 The other managers hold smaller shares: Grayscale’s product holds 104.381 million XRP, about $215 million or 17.47% of the total; Bitwise carries 93.827 million XRP valued at $193.284 million or 15.7%; Franklin Templeton has 62.99 million XRP worth about $131.829 million, or 10.71%. A Wave Of Approved Crypto Funds Based on reports, this development follows a broader rollout of spot and futures crypto ETFs since US spot Bitcoin ETFs arrived in January 2024. Ethereum spot products launched in July 2024, and Solana listings came in October 2025. The US Securities and Exchange Commission has approved more than 40 crypto-related ETF products this year, which market participants say has opened familiar rails for mainstream investors. Vanguard’s choice to allow crypto access inside standard retirement and broker accounts is being cited as a change that lets many Americans gain exposure without deep crypto know-how. What This Means For Investors According to analysts and market observers, the speed of these flows underlines strong demand for regulated crypto vehicles. Big-name asset managers entering the market have helped create options that look and act like other mutual funds or ETFs, which can ease the path for retirement plans and advisers to take part. At the same time, a large share resting in a single debut fund shows concentration risk: Canary’s XRPC accounts for more than half of the total net assets, and that matters for liquidity and fund dynamics if flows shift. Related Reading: Banking Meets Bitcoin: French Banking Giant Offers Crypto To Millions Fresh Inflows & ETF Demand While $1.23 billion is a headline figure, market watchers will be watching fresh inflows, trading volumes, and how price moves react to ETF demand. For now, XRP listings have drawn sizable attention, and the coming weeks should make clearer whether the early momentum will spread more evenly across products and push broader investor participation. Featured image from Unsplash, chart from TradingView
Fake BlackRock ETF Filing Goes Viral, Binance Founder Ends SpeculationA fake BlackRock ETF screenshot got thousands of views in minutes and put ASTER investors on high alert, until the Binance founder took the mic.
Dogecoin ETFs lose their bite as Bitcoin, Ethereum big dogs lead the packThe total value traded for spot DOGE ETFs reached its lowest point since launch, signaling a fading of the early hype as liquidity and flows lag well behind those of major crypto ETFs.
Standard Chartered Slashes 2025 Bitcoin Forecast to $100KThe bank has cut its 2025 Bitcoin price target by half, citing the end of corporate buying and sharply slowing ETF inflows.
XRP Prints 707,000,000 in 24 Hours: Is This Enough?XRP's network performance is certainly showing a specific level of dominance that occurred after the introduction of ETFs.
Bitcoin's ‘bear flag pattern’ targets $67K as BTC spot demand slumpsThe absence of new buyers and weakening ETF demand are factors likely to keep the Bitcoin price pinned below $93,000 as a bear flag targets $67,000.
- Standard Chartered Sounds Alarm: A Major Bitcoin Buyer Has Disappeared
Standard Chartered has lowered its long-term Bitcoin (BTC) price forecasts, warning that a key pillar of recent demand, corporate Bitcoin buying, is likely over. The bank now believes future gains in Bitcoin will be driven by a single source: exchange-traded fund (ETF) inflows, a shift that could slow the pace of upside in the years The post Standard Chartered Sounds Alarm: A Major Bitcoin Buyer Has Disappeared appeared first on BeInCrypto.
- CZ Refutes Viral BlackRock Aster ETF Claim as Token Faces Market Pressure
Changpeng Zhao (CZ), the former CEO of Binance, has debunked viral claims that BlackRock, the world’s largest asset manager, filed for a staked Aster (ASTER) exchange-traded fund (ETF). The link between Aster and CZ stems from CZ’s significant personal investment and public endorsement of the decentralized derivatives exchange, which has sparked massive price rallies and The post CZ Refutes Viral BlackRock Aster ETF Claim as Token Faces Market Pressure appeared first on BeInCrypto.
Grayscale’s First Chainlink ETF Play Heats Up While Bears Block the BreakoutThe first Chainlink ETF on American soil marks a major step toward institutionalizing access to Chainlink’s oracle technology via a regulated investment vehicle.
- [LIVE] Crypto News Today, December 9 – Bitcoin Dips on FOMC Nerves, Whale Loads Up on ETH, BTC ETF Flows Turn Red: Next Crypto to Explode?
The market appears cautious today, with total capitalization close to $3.2 trillion as the Federal Open Market Committee (FOMC) begins its two-day meeting. , after scaling $92,000 yesterday, dipped below $90,000 before stabilizing. It currently sits at $90,370, up 0.5% over 24 hours amid persistent volatility, leaving traders scanning the market for the next crypto.. The post [LIVE] Crypto News Today, December 9 – Bitcoin Dips on FOMC Nerves, Whale Loads Up on ETH, BTC ETF Flows Turn Red: Next Crypto to Explode? appeared first on 99Bitcoins.
US Spot BTC ETFs Bleed $60.4M as Altcoin Capital Flows IncreaseUS spot Bitcoin ETFs logged a net outflow of $60.48 million on Monday, while Ethereum and altcoin funds saw net inflows. The post US Spot BTC ETFs Bleed $60.4M as Altcoin Capital Flows Increase appeared first on Cryptonews.
Solana bulls fight to defend $130 as ETF demand meets unlock sellingSolana clings to $130 support as ETF demand and roadmap upgrades clash with legacy selling pressure. Solana trades near $133 at a critical support area, where strong ETF inflows and structural upgrades face off against lingering unlock-driven supply and a…
Major Move Plotted for XRP: Will Ripple’s Price Soar to $2.4 This Week?XRP holds $2.04 support while trading at $2.05. Analysts watch $2.1–$2.5 resistance as ETF inflows and on-chain activity remain strong.
Bitcoin Booster Cathie Wood Welcomes Vanguard InvestorsCathie Wood is welcoming Vanguard investors to Bitcoin through her ARK 21Shares Bitcoin ETF.
400K Bitcoin have peeled off exchanges since last year: SantimentSome of the Bitcoin outflows from exchanges are going to individual users’ storage wallets, but ETFs and institutions are accumulating coins too.
Bitcoin Slips Toward ETF Break-Even Level as Inflows Slow, but Support May Be BuildingBitcoin is drifting back toward the price where ETF buyers break even, as inflows slow and investors look to the Fed’s decision this week.
Bitcoin wallets holding over 0.1 BTC decline for first time in two-year periodTrend watch: Modern Bitcoin infrastructure, with ETFs and exchanges, reduces the need for large balances in single addresses.
BlackRock Seeks SEC Nod To Launch Staked Ethereum ETFBlackRock has officially applied to list and trade shares of an investment vehicle tied to a staked Ethereum exchange-traded fund (ETF).
HBAR price forms a risky pattern as ETF inflows stagnateAre investors jilting Hedera (HBAR) for other tokens like Solana (SOL), Ripple (XRP), and Chainlink (LINK)?
Ripple CEO Spotlights Groundbreaking XRP ETF MilestoneXRP ETFs have smashed $1 million the fastest since Ethereum (ETH) ETFs .
Bitcoin ETF Giant BlackRock Files to Launch Ethereum Staking ETFInvestment firm BlackRock filed the S-1 registration statement for a new Ethereum staking ETF, ETHB, separate from its existing ETHA fund.
Bitcoin ETFs Pull in $352 Million to Extend Rebound While XRP Funds Remain HotBitcoin ETFs capture $352 million as bearish bets retreat, hinting investor pessimism may have reached its low point.
Bitcoin is no tulip, says ETF analyst Eric BalchunasBloomberg’s Eric Balchunas rebuts Bitcoin–tulip comparisons, citing 17 years of recoveries, ETF demand, and halving-driven scarcity as proof of lasting asset value. Bloomberg ETF analyst Eric Balchunas has challenged comparisons between Bitcoin and the Dutch tulip mania of 1637, citing…
Morning Crypto Report: XRP Rockets 625% Over Ethereum in ETF Inflows, Strategy Will Not Sell Bitcoin Until 2065: CEO, Shiba Inu (SHIB) Finally Ready to Delete a ZeroA new week on the crypto market opens with XRP posting a 625% ETF inflow edge over Ethereum, Strategy locking its Bitcoin policy until 2065 and Shiba Inu meme coin showing the first real setup in weeks to delete a zero from the price figure.
XRP ETF surpasses $1b in assets; CLS mining demonstrates daily yield potential of up to $8,700.77The surge of the XRP ETF past $1 billion in assets highlights rising interest in compliant digital-asset tools, while CLS Mining offers a simpler way for users to earn steady returns. #partnercontent
Shiba Inu (SHIB) Price Might Erase Zero, XRP Now Offered by Vanguard, Peter Brandt Issues $250K Bitcoin Price Prediction – Top Weekly Crypto NewsThis week's top stories: Shiba Inu breaks from exhaustion pattern; Bitwise XRP ETF gains access on Vanguard; Ethereum sees 23% of network go offline. .
760,649,500,000 Shiba Inu Surge Does Not Look GoodShiba Inu has failed to continue its recent rally, dashing hopes of removing a zero as its exchange netflow over the last day saw an over 8% surge.
XRP ETFs Hit $1 Billion Milestone, What Comes Next?XRP ETFs have established a position among the fastest-growing crypto-asset vehicles, surpassing the $1 billion milestone in under a month.
XRP Beats Bitcoin in Net ETF FlowsXRP ETFs' performance outshines their BTC competition.
2-4% Crypto Dip! Sovereign Wealth Funds Buying BTC! CTFC approves U.S. Spot Crypto!Crypto majors were broadly lower, falling 2–4% with BTC down 2% at $91,400, ETH down 2% at $3,130, BNB down 2% at $893, and SOL down 4% at $136, while ZEC (+4%) and TRX (+2%) led the day’s top movers. BlackRock CEO Larry Fink said sovereign wealth funds have been steadily accumulating Bitcoin, adding that they “bought more” as BTC declined from $126K into the $80K range to build long-term positions. The IMF warned that rising stablecoin adoption could weaken central bank control in a new report examining currency substitution and monetary sovereignty risks. Solana and Coinbase’s Base network were linked through a new bridge secured by Chainlink and Coinbase infrastructure. The CFTC also approved spot crypto trading on CFTC-registered exchanges, with Bitnomial set to debut first. In the U.K., Reform UK received the country’s largest-ever political donation from a living donor—an $11.4M contribution from a Tether-linked investor. Meanwhile, recent research indicated that the ~$4B in Bitcoin ETF outflows seen in October–November stemmed primarily from leveraged basis-trade unwinds across major funds rather than investor panic.

21Shares Launches First Leveraged Sui ETF on NasdaqThe new fund, TXXS, gives traders 2x daily exposure to SUI.
Crypto Rebound Accelerates After Vanguard Allows Crypto ETF TradingBitcoin surged 6% immediately after trading debuted on Tuesday.
Vanguard Crypto ETFs, Coinbase Lawsuit & Strategy's $1.44B Reserve - Daily Crypto RecapToday’s headlines: The latest on Vanguard ETFs, Coinbase lawsuit, Strategy $1.44B reserve, & more. This is Decrypt's Daily Recap with host @Tyler_Did_It. Your crypto round-up for December 2nd 2025
The BIG Crypto Fake-Out! Saylor & Tether FUD! Vanguard Crypto ETFs!Crypto majors are green and reversing yesterday’s selloff, with BTC up 2% at $87,400, ETH flat at $2,820, BNB up 2% at $842, and SOL up 2% at $129. Among top movers, Fartcoin (+14%), SPX (+12%), and PUMP (+9%) led gains. Vanguard announced it will begin allowing trading of crypto ETFs and mutual funds on its brokerage platform, ending its long-standing opposition. Coinbase leadership and Marc Andreessen were sued over an alleged years-long insider-trading scheme. Ripple secured a payments license in Singapore and expanded XRP and RLUSD payment services there. Vitalik Buterin warned that shifting Zcash governance toward token-based voting could erode privacy protections. Federal Reserve Vice Chair Michelle Bowman stated that bank regulators are working on stablecoin rules. Anthropic released a report showing that AI agents discovered zero-day exploits in crypto protocols during testing and pose a threat to vulnerable smart contracts. Meanwhile, House Republicans issued a 50-page report on “Operation Chokepoint 2.0,” alleging that the Fed, FDIC, OCC, and SEC covertly pressured banks to avoid crypto through pause letters, informal guidance, and SAB 121, ultimately debanking more than 30 firms.
Chainlink’s LINK Jumps 13% as Grayscale ETF Goes LiveThe Grayscale Chainlink Trust ETF (GLNK) gives equity investors another way to access LINK.
Strategy announces $1.44B reserve to cover debt! Vanguard Crypto ETFs! Myriad partners with Trust Wallet!Crypto majors are green and reversing yesterday’s selloff, with BTC up 2% at $87,400, ETH flat at $2,820, BNB up 2% at $842, and SOL up 2% at $129. Among top movers, Fartcoin (+14%), SPX (+12%), and PUMP (+9%) led gains. Vanguard announced it will begin allowing trading of crypto ETFs and mutual funds on its brokerage platform, ending its long-standing opposition. Coinbase leadership and Marc Andreessen were sued over an alleged years-long insider-trading scheme. Ripple secured a payments license in Singapore and expanded XRP and RLUSD payment services there. Vitalik Buterin warned that shifting Zcash governance toward token-based voting could erode privacy protections. Federal Reserve Vice Chair Michelle Bowman stated that bank regulators are working on stablecoin rules. Anthropic released a report showing that AI agents discovered zero-day exploits in crypto protocols during testing and pose a threat to vulnerable smart contracts. Meanwhile, House Republicans issued a 50-page report on “Operation Chokepoint 2.0,” alleging that the Fed, FDIC, OCC, and SEC covertly pressured banks to avoid crypto through pause letters, informal guidance, and SAB 121, ultimately debanking more than 30 firms.
Crypto Markets Extend Rally as U.S. Jobless Claims Hit Lowest Since AprilBitcoin, Ethereum, and major altcoins gained, while ETFs recorded inflows.
Polymarket can now operate in US! Texas buys $5M BTC! MON up another 24%!Crypto majors were slightly red, with BTC down 1% at $86,600 and ETH down 1% at $2,910, while BNB gained 1% to $856 and SOL held steady at $136. Among top movers, MON (+24%), SPX (+13%), and IP (+7%) led the market. In policy and institutional developments, Texas launched its Bitcoin reserve with a $5 million purchase of BlackRock’s IBIT ETF, marking the first deployment of its approved $10 million BTC budget. U.S. Bank completed a test of issuing a proprietary stablecoin on the Stellar network, and MoonPay secured a New York trust charter, joining firms like Coinbase and Ripple to expand institutional custody and service capabilities. Polymarket received CFTC approval to reenter the U.S., enabling it to onboard domestic users, brokers, and intermediaries, while Kalshi was blocked in Nevada from offering sports and election markets after a judge reversed an earlier ruling. Klarna introduced its own stablecoin, KlarnaUSD, on Tempo. Meanwhile, the Department of Homeland Security has reportedly been investigating Bitmain as a national security risk, examining whether the company can remotely access its equipment.
Grayscale Files to Convert Zcash Trust into Spot ZEC ETFThe move follows ZEC’s massive rally since late September.
First US Spot DOGE ETF Sees $1.4M in Day-One VolumesGrayscale’s spot Dogecoin ETF fell short of expectations on its launch day.
Bitcoin Plummets 11%! Crypto in Free-Fall! Guests: OSF & Wizard Of SoHoBtc: 81.6k (-11%) | btc.D: 58.8% (-0.5%). Eth: 2665 (-12%) | bnb: 800 (-11%) | sol: 123 (-13%). Bitcoin and Ethereum ETFs saw significant outflows, with broader crypto markets falling sharply as strong jobs data reduced expectations for interest-rate cuts. Bitcoin’s technicals weakened, with RSI hitting a three-year low and the price hovering only slightly above a major strategy’s average entry level. Major holders were reported to be selling, including a long-term wallet unloading $1.4 billion in BTC and another entity selling 10,000 ETH to support a share buyback. Institutions faced pressure as well, with concerns that certain digital-asset-related companies could be removed from major indexes, while one prominent mining-related firm carried billions in unrealized losses. Some attributed part of the sell-off to a software glitch. Meanwhile, policy and corporate developments continued: a U.S. representative introduced new crypto legislation, Metaplanet announced plans to purchase $95 million in BTC, Coinbase launched ETH-backed loans through Morpho, and Securitize partnered with Plume to expand real-world-asset offerings. India also signaled plans to launch an ARC stablecoin.
Crypto Markets Face Brutal Reset Overnight as Liquidations Surpass $2BBitcoin dropped sharply to $81,000, wiping out long positions, as ETF outflows intensified.
BlackRock Registers Staked Ethereum TrustThe world’s largest asset manager is making preparations for a staked ETH ETF.
