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Bitcoin broke $88,000: SwanDesk head expects a return to below $10,000

The cryptocurrency market is once again under pressure. Over the past 24 hours, Bitcoin (BTC) has lost 2.75%, breaking the $88,000 mark, and its weekly losses have exceeded 13%. CEO of the analytical platform SwanDesk, Jacob King, believes this is just the beginning and predicts a pullback to $10,000.

On the subject: Bitcoin will get stuck between $60,000 and $80,000 if the Fed does not lower the rate — CryptoQuant

At the same time, analysts do not think that one announcement was enough to wipe out nearly $2 trillion in just a few minutes. In their opinion, the announcement from the Treasury Department served more as a 'switch' for sentiment. This is despite the fact that investors are already on edge.

"When the market suddenly starts to fall sharply, many panic and rush for the exit because they think that 'the bubble is bursting.' The same mechanism works in the opposite direction. When stocks rise sharply, the rally accelerates as capital returns to stocks in the artificial intelligence (AI) sector."
Analysts also note that ideally there should be a multitude of retail forecasts for prices below $70,000. Historically, prices always move in the opposite direction of what most predict.

The world is losing trust in the dollar, and the Global South is beginning an active search for alternatives, writes Bloomberg. The reasons lie in Washington's policies: the imposition of tariffs against allies and enemies, pressure from the White House on the Fed, rising national debt, and the use of currency as a weapon through sanctions. All of this, along with competition from China and the weakening of alliances in the Middle East, is changing the financial map of the world.

If at the beginning of the century the dollar accounted for over 70% of global currency reserves, that share has now fallen below 60%.

China has already stopped increasing purchases of dollar assets and may begin to sell them off in the future. The Gulf countries are now spending billions on megaprojects at home and investing in risky assets around the world, instead of "parking" money in U.S. Treasury bonds.

The US Senate is discussing new rules for cryptocurrencies

The US Senate is currently discussing new regulations for the oversight of cryptocurrencies. The nominee for the head of the Commodity Futures Trading Commission (CFTC) is undergoing hearings and answering questions about how digital assets, cryptocurrency derivatives will be regulated, and what powers will remain with the SEC.

Experts warn that new regulations could simultaneously strengthen legal clarity and increase requirements for exchanges and investors. For the market, this means a potential increase in volatility: cryptocurrencies may react sharply to news about new laws or restrictions.

A sharp change in the structure of the cryptocurrency market has been recorded on Binance

At the beginning of November, a noticeable change in trading structure occurred on the largest exchange, Binance. From November 11 to 14, the volume of BTC futures decreased by 63%. Trading volume fell from $11.57 billion to $4.25 billion. At the same time, spot transactions for BTC increased by 28% and reached $3.22 billion. The market demonstrated unusual movement that had rarely been seen before.

Meanwhile, ETH followed the same pattern, but the scenario was even sharper. Futures transactions for Ethereum fell by 87% and decreased to $1.21 billion. Spot trading increased by 19%. The ratio flipped. The indicator fell from 5.41x to 0.51x. Spot transactions for the first time exceeded the volumes of the derivatives market.

However, within 72 hours, the market regained its positions. BTC futures trading rose to $12.74 billion, exceeding the base by 10%. The ratio returned to 5.29x. A similar indicator for ETH increased to 4.41x. ETH futures remained below the base by 19%, but the structure began to recover. Experts noted: "For Luna, it took months. FTX did not recover at all. The November stress ended in 3 days."

Комиссия по ценным бумагам США пообещала приостановить проверки криптокомпаний

Комиссия по ценным бумагам и биржам США (SEC) заявила, что не запланировала на 2026 год проверок деятельности криптокомпаний. Отдел плановых проверок SEC уточнил, что начиная с 2026 года ведомство отходит от практики предыдущей администрации Гэри Генслера (Gary Gensler), когда ревизия деятельности эмитентов цифровых активов, включая спотовые ETF на биткоин и эфир, выделялась в отдельное направление деятельности. Нынешний председатель SEC Пол Аткинс (Paul Atkins) сообщил, что новый план проверок предполагает уделить внимание традиционным фидуциарным обязанностям компаний, таким как сохранение активов пользователей, защита персональных данных и киберустойчивость. Чиновник назвал ослабление давление на криптоиндустрию США желанием наладить диалог с участниками рынка цифровых активов и сделать проверки федеральных инспекторов способом совместного согласования нормативных требований.

The SEC unexpectedly excluded cryptocurrency from its priorities for 2026

The U.S. Securities and Exchange Commission (SEC) has published an updated plan for its examination and oversight priorities for 2026 — and the most surprising thing about this document is what is not in it.
Cryptocurrencies have completely disappeared from the list of areas that the SEC intends to focus on.

Just a year ago, the crypto industry was considered one of the key risk areas, and the regulator actively initiated investigations, filed lawsuits against projects and exchanges, and tightened requirements for companies working with digital assets.

Experts are already calling what is happening an unexpected turn, as this step contrasts with the SEC's long-standing tough policy towards the crypto market. Some believe that the regulator is now betting on other risk areas, while crypto is gradually becoming more understandable and regulated.

The British court sentenced the "queen of bitcoin" to 11 years and 8 months for fraud of $7.3 billion.

On Tuesday, the "queen of bitcoin" Jimin Qian was finally convicted. The trial lasted more than a month, and the case spanned over 5 years. She received a sentence of 11 years and 8 months, while her accomplice, 47-year-old Malaysian Seng Hock Ling, received 4 years and 11 months. The proven amount of damage was over £5.5 billion (approximately $7.3 billion at the current exchange rate).

Qian began her criminal career back in 2012 when Chinese authorities began investigating her activities related to smaller-scale schemes in the provinces of Anhui and Jilin.

One of the victims was a family that was forced to sell their home to invest in her scheme, while another victim stated that due to financial difficulties, they lost their family.

In July 2017, Qian fled China, traveling on a moped to Myanmar, and then made her way to the UK using fake documents under the name Yadi Zhang. There, she attempted to launder money through property purchases. Her accomplices, particularly the Malaysian Seng Hock Ling, assisted in these efforts. In 2018, they attempted to acquire property worth £24 million, which attracted the attention of the British police.

In 2018, the police conducted searches at Qian's rented house and that of her accomplices, discovering bitcoin wallets containing a large amount of bitcoins. The arrest took place only in April 2024. At the time of her arrest, she had over £60 million in four crypto wallets, as well as fake passports and cash. At the time of her arrest, her cryptocurrency portfolio amounted to over 61,000 bitcoins, which as of September 2024 was worth over £5.5 billion.

Bitcoin is trading around $98 thousand, having only reached such values in May.

In the last hour, long positions worth over $200 million have been liquidated on exchanges, with the majority being in Bitcoin.

Among the largest coins, Solana has dropped the most, with the SOL price falling to $145, a level not seen since July.

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Tether helped freeze $12 million in USDT from an international fraud network.

Tether assisted the Royal Thai Police and the U.S. Secret Service in an international operation to track and block 12 million USDT (about 400 million baht) linked to a fraudulent network in Southeast Asia.

The operation was conducted by the Cyber Crime Investigation Division (TCSD) of the Ministry of Digital Economy and Society of Thailand and was part of a large-scale campaign to combat internet fraud and money laundering. As a result, assets worth over 522 million baht were seized, and 73 people were arrested — 51 Thai citizens and 22 foreigners.

In recent years, Tether has repeatedly assisted law enforcement agencies in various countries. To date, Tether has blocked more than 3,600 cryptocurrency wallets, of which more than 2,100 were at the request of U.S. agencies.

The company stated that it collaborates with more than 290 law enforcement agencies in 59 countries and has facilitated the freezing of crypto assets worth over $3.2 billion linked to illegal activities. This category includes, in particular, the blocking of $23 million from the sanctioned exchange Garantex.

The U.S. House of Representatives passed a bill to end the shutdown

The U.S. House of Representatives on Wednesday evening passed a bill aimed at unlocking funding and ending the longest government shutdown in history, which President Donald Trump must now sign and enact.
The bill, which will fund the government at least until January 30, was passed by a vote of 222 to 209, with 216 Republicans and six Democrats voting in favor of the measure.

The Democratic minority in the House almost unanimously opposed the bill.

According to the latest reports, the shutdown costs the U.S. economy between $10 billion and $30 billion per week and could also destroy up to 2% of the national gross domestic product.
#shutdownUSgovernment

SoFi became the first bank in the USA to offer direct purchases of bitcoin.

The American fintech bank SoFi announced a significant expansion of its cryptocurrency services through the launch of SoFi Crypto — a new division that combines traditional banking services and investments in bitcoin in one application.

Main point: SoFi is the first nationally licensed bank in the USA that allows customers to use bank accounts, take out loans, and directly invest in bitcoin, without the use of third-party exchanges and additional intermediaries.

The new feature is integrated into the bank's ecosystem and is available to all verified users. Through SoFi Crypto, clients are given the opportunity to:

buy and sell bitcoin directly from their bank account;



store crypto assets in a regulated banking infrastructure;

manage finances, loans, and digital assets in one application;

use educational and analytical tools for the cryptocurrency market.

SoFi is considering the possibility of using cryptocurrencies as collateral for future loan products.

The launch of SoFi Crypto is a step towards a new model of financial infrastructure where traditional banks and crypto assets are combined in one ecosystem. If the initiative attracts a significant flow of customers, bitcoin could strengthen as a full-fledged element of the banking sector in the USA.

Ethereum (ETH) and institutional purchases

Recently, Ethereum fell by about 12%, but during this time, large investors — "whales" — bought ETH worth $1.37 billion. This indicates that they believe in the long-term growth of Ethereum, even despite short-term price fluctuations.

Why this matters:
• Purchases during a decline show confidence in the project.
• "Whales" usually know the market, and their actions often foreshadow future price movements.
• This may signal growth for ETH in the medium and long term.

But it's not all straightforward:
• The cryptocurrency market as a whole remains under pressure.
• There is a risk of price declines due to outflows from funds and uncertainty with regulators.

Conclusion: institutions believe in Ethereum, and this is a positive sign, but sharp price jumps should not be expected — growth will be gradual and cautious.

"They don't love me right now, but they will love me again" — Trump promised India to lower tariffs

President Donald Trump stated that he would lower tariffs on Indian goods "at some point," noting that the U.S. is "pretty close" to a trade agreement with New Delhi.
These statements have become another signal of a possible de-escalation of the trade dispute that has overshadowed relations between Washington and New Delhi.

After Trump imposed sanctions on the two largest Russian oil producers last month, Indian refineries, which had been actively buying Russian oil at favorable discounts for three years, began to reduce purchases from Moscow.
Officials in New Delhi cautiously believe that a deal with the U.S. is not far off.

🇬🇧 The United Kingdom has declared war on crypto scammers!

On November 11, 2025, the National Crime Agency (NCA) launched a large-scale campaign
💬 “The Crypto Dream, The Scam Nightmare” — «Crypto Dream turning into a nightmare».

🎯 Goal: to protect users from fake investment schemes, counterfeit AI bots, and “guaranteed returns” in crypto.

📱 The campaign is running on TikTok, Instagram, and YouTube — videos show real stories of victims of crypto scams.
💳 Banks and exchanges (including Revolut, Binance UK, and Kraken UK) now display warnings directly when transferring to suspicious wallets.

👮‍♀️ According to the NCA, the number of victims of crypto scammers has increased by 30% over the past year.

💡 “If the return sounds too good to be true — it probably is a scam.”

🔒 British authorities are tightening controls to cleanse the market and increase trust in legitimate projects.

The U.S. Senate approved a bill to end the shutdown

On Monday evening, the U.S. Senate approved a bill that unlocks additional funding and will bring an end to the longest government shutdown in history. The document is now headed to the House of Representatives for consideration.
The Senate voted for the bill with a result of 60-40, similar to the results of a test vote on Sunday evening, when eight Democratic senators agreed to support the Republican bill aimed at ending the shutdown.
The bill provides funding for the government until January 30, 2026, and will now be sent to the House of Representatives this week, where the Republican majority has already signaled a willingness to approve it.
After that, the bill must be signed by President Donald Trump.
The vote on Monday marked a more concrete progress towards ending the longest government shutdown in U.S. history, which entered its 41st day on Monday. The shutdown has caused widespread disruptions to government services across the country.
These disruptions peaked over the weekend, when major U.S. airports began sharply cutting back on flights due to safety concerns arising from a shortage of air traffic controllers and Transportation Security Administration staff.

Trump announced a mega deal between the USA and Uzbekistan for $100 billion!

US President Donald Trump stated late Thursday evening that Washington has reached a historic trade and economic agreement with Uzbekistan. The Central Asian country plans huge investments in key American industries, and this is real 🔥!

📢 According to Trump on Truth Social:
• $35 billion in investments already in the next 3 years
• More than $100 billion over the next decade

💡 The money will go into sectors such as:
✨ Critical minerals — the foundation of future technologies
✈️ Aviation — new airplanes and jobs
🚗 Auto parts — a powerful boost for the industry
🏗 Infrastructure — roads, bridges, urban development
🌾 Agriculture — growth in production and exports
⚡ Energy — new sources and technologies
🧪 Chemical industry — innovations and development
💻 IT and technology — digital transformation

🤝 Trump thanked Uzbek President Shavkat Mirziyoyev for the "incredible partnership" and emphasized that both countries are looking forward to long and productive relations.

📈 This announcement followed Trump's recent visit to Asia, where the USA is actively strengthening economic ties and creating new opportunities for business and investment.

🚀 Economic growth, jobs, new technologies — that’s what this deal promises! Who's next to ride this wave of investment?
#kazakhstan #investing

According to an article on BlockchainReporter from November 7, 2025, the total "liquidity" injected into the crypto system through three key channels — stablecoins, ETFs, and digital treasury assets (DATs) — has increased from approximately 180 billion USD at the beginning of 2024 to about 560 billion USD at present.
However, the growth of this volume has almost stalled: according to the Wintermute report, the average change in AUM ETF and NAV DAT has become "flat" since September 2025.
The main point: it is not that liquidity is disappearing — it is rather being redistributed within the market than coming in "from above" with new capital.

• When the flow of fresh capital slows down, the market may lose its growth driver.
• In conditions where existing liquidity merely shifts between assets, competition for the "next impulse" increases. This raises the risk that growth will be short-lived.

The Bank of England calls for alignment of stablecoin regulations between the USA and the UK

Bank of England Deputy Governor Sarah Breeden stated that the USA and the UK must act in sync in regulating stablecoins.
According to her, common rules will help maintain financial stability and reduce the risk of 'regulatory arbitrage', where crypto projects flee from one jurisdiction to another in search of leniencies.

📢 This statement comes against the backdrop of growing attention to digital payments and attempts by both countries to integrate stablecoins into the traditional financial system.

Experts note: such an alliance could accelerate the widespread recognition of crypto-assets, but also increase control over them.

🚂🇷🇺 Russia is transporting grain to Armenia through Azerbaijan!

On November 4, 2025, a train with 15 wagons of wheat (~1,000 tons) departed from Russia to Armenia, transiting through Azerbaijan and Georgia. This is the first shipment on this route — the transit was approved by the President of Azerbaijan, Ilham Aliyev.

The Minister of Economy of Armenia, Gevorg Papoyan, added that another batch of Kazakhstani wheat will arrive soon.

• The rise in prices for grain and food products directly affects stablecoins tied to fiat.
• The activation of trade and transit through new routes opens up opportunities for logistics blockchain projects and smart contracts for deliveries.

#экономика

The hype around miners, but the market did not forgive the fall of Bitcoin! 🔥

Hut 8 almost doubled its revenue — to $83.5 million and received $50.6 million in profit 💸
The quarter the company completed with 13,696 BTC in reserves, while MARA had 52,850 BTC, which is almost double what it was a year earlier! 🚀

And that’s not all — both companies are expanding their business far beyond traditional mining.
💡 They are investing in computing power and energy infrastructure — betting on the future of Web3 and AI-centered data centers.

⚙️ MARA recently paid $168 million for a subsidiary of the French EDF to develop a network of data centers.
And Hut 8 plans to increase the total capacity of its facilities in North America to 2.5 GW — this is just a monster in scale! ⚡️

But here’s the paradox — despite such powerful indicators, the shares of both companies went down 📉
The reason — Bitcoin fell below $100,000 again, and investors rushed to lock in profits.

🧊 Even the miners' records did not save from the cold breath of the market — crypto is testing everyone’s resilience again.