Upbit Hacked for $30M, Suspected Lazarus Group Attack Sparks Security Alarms
Upbit, South Korea’s largest crypto exchange, has confirmed a major security breach leading to the theft of nearly 44.5 billion won, or roughly $30 million in digital assets.According to early investigations, the attack is suspected to be tied to the North Korea–linked Lazarus Group, raising new concerns about state-sponsored cyber threats targeting major exchanges. The incident, reported by CryptosNewss, occurred due to unauthorized access to an administrator account, not a server-level hack. This distinction highlights persistent vulnerabilities in internal security frameworks across centralized exchanges. Lazarus Group Suspected in $30M Upbit Theft Upbit revealed that more than 20 different token types were stolen, including Solana (SOL), USDC, and several memecoins. Among them, Solana formed the largest portion of the loss. Upbit CEO Oh Kyung-seok, who leads Dunamu, the parent company, reassured users that all losses will be fully covered.He stated: “Upbit will cover the entire amount to ensure that no damage is incurred to your assets.” Authorities in South Korea, along with cybersecurity agencies, have initiated a formal investigation. With past operations tied to the Lazarus Group, officials believe this attack may be part of the group’s continuous targeting of crypto infrastructure for financial gain. Exchange Response: Compensation and Security Reinforcement Following the breach, Upbit has temporarily tightened withdrawal and administrative controls. The exchange has also launched enhanced audits on its internal security systems, particularly on privileged access permissions. Current market data paints a challenging picture. Solana (SOL) trades at $139.15, with a -3.20% drop in 24 hours and a -28.53% decline over the last 30 days, according to CoinMarketCap. The stolen tokens’ volatility adds complexity to valuation and recovery processes. Industry Impact: Rising Threats and Regulatory Pressure Cybersecurity analysts warn that centralized exchanges remain prime targets, especially for well-funded groups like Lazarus.Experts expect increased regulatory scrutiny, with stronger compliance requirements around admin-level authentication and internal audits. A recent analysis by The CryptosNewss suggests that future exchange approvals may require stricter cybersecurity certifications as global threats continue to escalate. As the investigation widens, Upbit aims to restore full trust by compensating users and strengthening system protections — a crucial step during a period of heightened digital asset risk. The post appeared first on CryptosNewss.com #Upbit
Justin Sun Intensifies Battle to Recover Missing $456 Million TUSD Reserves Worldwide
Justin Sun has intensified his global campaign to recover the missing $456 million in TUSD reserves, following a major legal breakthrough secured through the Dubai International Financial Centre (DIFC) Court. In a Hong Kong media briefing titled “Truth Unveiled, Justice Revealed,” Sun announced that the case has now entered a more aggressive enforcement phase. The DIFC Court issued an indefinite worldwide asset freeze on Aria Commodities DMCC and related entities on October 17. This marks the first global freeze in the ongoing dispute and blocks any movement of funds connected to the alleged fraud. The ruling applies across multiple jurisdictions, strengthening Sun’s efforts to trace and recover the missing reserves. Sun expressed strong confidence in the ruling, calling it “fair and resolute,” adding that his team is tracing reserve assets across international markets. “Justice may be delayed, but it will never be denied,” he said, reinforcing that “full recovery and restitution” remain the top priority. Investigations Expand Across Hong Kong, Dubai, Cayman Islands With the freeze order now active, the case is entering a new phase of legal action. Authorities across Hong Kong, Dubai, the Cayman Islands, and other regions are expected to escalate investigations. Sun stated that additional evidence and recovery steps are already underway, with ongoing probes targeting individuals, including Vincent Chok, Matthew Brittain, and former TrueCoin executives. How the $456 Million Went Missing The dispute dates back to 2020 after Techteryx acquired TUSD. TrueCoin, the token’s original operator, continued managing reserves. However, investigations show that TrueCoin, First Digital Trust (FDT), Legacy Trust, and offshore entities tied to Matthew Brittain allegedly fabricated documents, submitted misleading filings, and moved funds out of regulated custody. The diverted reserves were reportedly transferred to bank accounts connected to Aria DMCC, a Dubai firm owned by Brittain’s spouse. Evidence suggests that FDT CEO Vincent Chok approved and facilitated these transfers, allegedly receiving kickbacks. The U.S. SEC later accused TrueCoin of misleading investors about TUSD’s reserves, exposing deeper operational misconduct. Sun’s Role in Preventing TUSD Collapse Despite the controversy, TUSD has maintained near-dollar stability largely due to Justin Sun’s support. As previously reported by Cryptopolitan, Sun issued a significant loan of around $450 million to stabilize Techteryx and prevent disruption for holders. FDT has denied Sun’s accusations, with Chok stating there is no evidence to support the claims and signaling intent to pursue legal action. Sun, however, remains firm and prepared for a multi-jurisdictional legal fight, framing his efforts as protection for the broader crypto ecosystem. The post appeared first on CryptosNewss.com #JustinSun #TUSD $TUSD
Zcash Drops 20% but Gets Major Boost as Reliance Global Moves Entire Treasury Into ZEC
Zcash (ZEC) may have endured a painful week with a 20% price decline, but fresh institutional confidence has injected new momentum into the privacy-focused cryptocurrency. A new Digital Asset Treasury (DAT) update from Reliance Global Group has provided a significant boost. The company revealed that it has shifted its entire DAT exclusively into ZEC, fully exiting all other crypto positions following a strategic review by its Crypto Advisory Board. Reliance Global Makes Full ZEC Allocation The board concluded that Zcash offered the strongest long-term value proposition among all assets previously held. The company highlighted Zcash’s privacy-preserving architecture, Bitcoin-based foundation, and compliance-oriented flexibility as its core advantages. In a public statement, Ezra Beyman, Chairman and CEO of Reliance Global Group, explained the decision: “As we evaluated the rapidly evolving digital asset landscape, it became clear that Zcash’s privacy architecture and institutional flexibility align more closely with our vision than a diversified crypto portfolio.” The move follows recent strong performance from ZEC, previously reported by CryptosNewss, which noted notable gains over the past three months. Market Pressure Mounts Despite Institutional Vote of Confidence While the DAT shift supports long-term sentiment, near-term pressure on ZEC remains visible.Across major trading pairs—including BTC, ETH, SOL, and BNB—Zcash fell 13–18% over the week, signaling broader weakness. Market metrics paint a cautious picture: Open Interest remains near $695 million, showing traders haven’t exited aggressively.Funding rates remain negative, indicating a persistent short bias.No major leverage unwind is visible, suggesting controlled but bearish sentiment. Technical Indicators Show Weak Momentum At press time, ZEC trades around $496, extending its weekly decline beyond 20%. Key indicators include: Price broke below the 20-day EMA, showing weakening short-term momentum50, 100, and 200-day EMAs sit far lower, keeping the long-term trend intactRSI signals fading buying strength, not yet oversoldCMF shows negative capital flow, confirming rising sell pressure ZEC spent the week consolidating under stress, but analysts note room for recovery if demand strengthens—especially with a major entity doubling down on long-term confidence. The post Zcash Drops 20% but Gets Major Boost as Reliance Global Moves Entire Treasury Into ZEC appeared first on CryptosNewss.com
VanEck’s BNB ETF Moves Closer to Nasdaq Listing After Updated SEC Filing
VanEck’s push to launch the first U.S.-listed BNB exchange-traded fund has taken a significant step forward with a newly updated SEC filing, advancing the proposed product closer to a Nasdaq debut under the ticker VBNB. On November 21, VanEck Digital Assets submitted Amendment No. 2 to its Form S-1 filing with the U.S. Securities and Exchange Commission. The amendment outlines key operational, valuation, and custody details for the VanEck BNB ETF, reinforcing the company’s intention to list the fund on the Nasdaq Stock Market. According to the filing, the ETF’s objective is straightforward:“The Trust’s investment objective is to reflect the performance of the price of BNB tokens, less the expenses of the Trust’s operations.” Designed for Institutional Scale on Nasdaq VanEck’s filing notes that the ETF will price its shares using inputs from the MarketVector BNB Index, ensuring transparency and consistency in valuation. The structure allows Authorized Participants to manage basket transactions using either cash or in-kind BNB, enabling institutional desks to optimize liquidity during fast-moving market conditions. The trust emphasizes strong operational clarity, confirming that VanEck Digital Assets LLC is the sponsor. Not Registered Under the Investment Company Act The filing highlights that the ETF will not be registered under the Investment Company Act of 1940 and will not employ derivatives, leverage, or CFTC-regulated futures products. This keeps the ETF aligned with the structure used by other spot crypto ETFs that operate independently of traditional mutual fund regulations. Early capital came through a 4,000-share seed purchase on November 14, 2025, with each share valued at $25,000, reflecting the typical seeding model used by digital asset ETFs. BNB Staking: Optional Future Feature The filing confirms that the trust does not currently stake any BNB, but leaves the door open for future staking: “In the future, to the extent the Sponsor in its sole discretion determines to stake all or a portion of the Trust’s BNB, the Sponsor will engage one or more third-party staking service providers.” This flexibility signals a potential evolution toward passive yield generation, though no staking activity is included at launch. Investor Risks Clearly Defined The amendment stresses that shares are speculative, uninsured, and subject to the full volatility of BNB, including: Custody and security threatsMarket disruption eventsLiquidity fluctuationsPotential loss of all invested capital The filing reiterates BNB’s role as the native asset that powers BNB Chain, enabling transaction fees, smart contract execution, and network operations. Institutional Demand Continues to Rise Industry observers say that VanEck’s initiative reflects accelerating institutional demand for regulated crypto exposure. Supporters argue that ETF structures bring improved transparency and operational simplicity, removing the complexities of direct token management for institutional investors. The updated filing marks another milestone in the growing expansion of crypto-linked ETFs, placing BNB alongside Bitcoin, Ethereum, DOGE, and XRP in the race for U.S.-regulated investment products. The post appeared first on CryptosNewss.com #VanEck #bnb $BNB
Dogecoin ETFs Heat Up, but Grayscale’s GDOG Falls Short of Analyst Forecasts
Grayscale’s highly anticipated spot Dogecoin ETF (GDOG) debuted with lower-than-expected trading volume, marking a softer start for the first direct-holding DOGE ETF in the United States. Bloomberg ETF analyst Eric Balchunas reported that the fund recorded $1.4 million in first-day volume, significantly below his expectation of $12 million, describing the debut as “solid for an average launch but low for a first-ever spot product.” The debut arrives during a period of accelerating crypto ETF approvals in the U.S., following the Securities and Exchange Commission's easing of listing standards in September, which opened the door for more speculative asset-based products. Grayscale’s DOGE ETF, which is filed under the Securities Act of 1933, is among the first to offer direct exposure to Dogecoin. Bitwise DOGE ETF Set to Begin Trading Grayscale’s new product will soon face competition.On Tuesday, the New York Stock Exchange’s NYSE Arca filed to certify the approval and listing of the Bitwise Dogecoin ETF (BWOW). Bitwise confirmed that BWOW will begin trading on Wednesday, expanding the rapidly growing lineup of spot DOGE investment products. This marks the arrival of multiple Dogecoin ETFs in a short time frame as major asset managers rush to test market demand for altcoin-focused exchange-traded funds. How Other Dogecoin ETFs Compare While Grayscale and Bitwise now offer direct DOGE exposure, the REX Osprey DOGE ETF (DOJE) was technically the first Dogecoin-related ETF in the U.S. after launching in September. DOJE, however, cannot directly hold DOGE due to its filing under the Investment Company Act of 1940, which offers a faster 75-day approval path but restricts asset custody. DOJE debuted with $17 million in first-day trading volume, outperforming analyst forecasts of $2.5 million and significantly outshining GDOG’s quieter launch. XRP ETFs Pull Strong Inflows Dogecoin wasn’t the only crypto asset drawing ETF attention this week. Two new spot XRP ETFs launched on Monday, attracting a combined $129.95 million in net inflows, according to SoSoValue. • Franklin XRP ETF (XRPZ): $62.6M inflows• Grayscale XRP Trust ETF (GXRP): $67.4M inflows These totals, however, remained below the record-breaking levels seen by earlier launches, including: • Canary XRP ETF (XRPC): $243M on debut (Nov. 14)• Bitwise XRP ETF: $105M on first day (launched Thursday) ETF analysts Eric Balchunas and James Seyffart believe this is only the beginning. They estimate more than 100 new crypto ETFs could enter the market over the next six months, highlighting a rapidly expanding landscape driven by investor demand and shifting regulatory sentiment. Conclusion While Grayscale’s DOGE ETF started slower than many expected, the wave of upcoming altcoin ETFs indicates increasing institutional interest in speculative crypto assets. With Bitwise entering the Dogecoin category immediately after Grayscale, the competition for market share is set to intensify. The post appeared first on CryptosNewss.com #DOGECOINETF #DOGE $DOGE
Stablecoin Giant Tether Becomes Top Global Gold Buyer, Outpacing Central Banks
A major transformation is unfolding in global commodity markets as Tether, the issuer of the world’s largest stablecoin USDT, has quietly emerged as one of the biggest gold buyers worldwide, surpassing several central banks in total accumulation. According to a chart circulating this week, Tether has purchased 26 tonnes of gold, placing it ahead of sovereign buyers such as Kazakhstan, Brazil, Turkey, and Iraq. The data shows Kazakhstan acquiring 18 tonnes, Brazil at 15 tonnes, while other countries, including Turkey and Iraq recorded gold purchases in the mid-single digits. Meanwhile, European and Asian nations like Bulgaria, Serbia, and the Philippines appear at the lower end of the chart with only 1–2 tonnes each. This places Tether, a private blockchain company, at the top of a ranking traditionally dominated by national monetary authorities. The development is particularly striking given that central banks have historically been the largest contributors to global gold demand. This shift signals a growing trend where digital-asset companies are beginning to play a more direct role in shaping traditional macroeconomic flows. Tether has long been recognized for its large exposure to U.S. Treasuries, forming a key part of the reserves backing USDT. However, its rapid gold accumulation introduces a new dimension to the company’s strategy. Market analysts believe this move may reflect a broader effort to diversify reserves and hedge against macroeconomic uncertainties, currency risk, and inflationary pressures. The revelation is also drawing attention from traditional gold investors. For decades, “gold bugs” considered central banks to be the primary force behind rising gold prices. Now, a stablecoin issuer appears to be contributing significantly to upward price momentum, challenging long-held assumptions about drivers of the gold market. If Tether continues accumulating gold at the same pace, analysts predict that its influence may expand well beyond the crypto ecosystem. Its presence could reshape demand trends in global commodities, signaling a powerful convergence between the worlds of digital assets and traditional finance. For now, Tether’s emergence as a leading gold buyer highlights a new era where crypto companies are beginning to rival sovereign institutions in global economic influence. The post appeared first on CryptosNewss.com #Tether $USDT
XRP Defies Market Downtrend With $89.3M Inflows as Crypto ETPs Face $1.94B Outflows
Digital asset investment products experienced sharp withdrawals last week, with total crypto ETP outflows hitting $1.94 billion, marking the fourth consecutive week of negative flows. Fresh data from CoinShares shows combined redemptions now reaching $4.92 billion over the latest four week period, one of the largest loss streaks since 2018. Despite the broad downturn, XRP emerged as the only major asset to register inflows, attracting $89.3 million in new capital and signaling strong institutional confidence in the asset. Crypto ETP assets under management currently stand at $167.32 billion, while year to date flows remain positive at $44.43 billion, demonstrating long term investor commitment despite short term volatility. Bitcoin and Ethereum Lead Market Outflows Bitcoin products saw the most significant redemptions, totaling $1.27 billion, representing 65 percent of all outflows during the week. The downturn marked one of Bitcoin’s most intense withdrawal periods in 2024, although the asset briefly recovered on Friday with $225 million in inflows. Ethereum ETPs followed closely with $589 million in weekly outflows, accounting for 30 percent of all redemptions. The second largest asset class suffered proportionally heavier impact, losing 7.3 percent of assets under management before rebounding slightly on Friday with $57.5 million in inflows. Multi-asset crypto products recorded $35.9 million in weekly exits but remain slightly positive for the month with $9 million in inflows. Year to date performance for the category remains negative at $27 million. XRP Dominates Altcoin ETP Performance XRP was the standout performer of the week. While the broader market saw significant withdrawals, XRP investment products recorded $89.3 million in net inflows. • Month to date inflows: $351 million• Year to date inflows: $2.32 billion• Total AUM: $2.23 billion Other altcoins saw mixed performance: • Solana: $156.2 million weekly outflows, though year to date remains positive at $3.24 billion.• Litecoin: $3.3 million in weekly inflows, adding to a positive year to date tally of $18 million.• Cardano: minimal activity with $0.1 million inflows.• Sui: $5 million weekly outflows, adding to month to date redemptions of $2.8 million. United States Dominates Global Redemption Activity The United States accounted for $1.69 billion of the total weekly outflows, representing 87 percent of global activity. Despite this heavy selling, US crypto ETPs still show strong year to date inflows of $41.19 billion. Other regions recorded mixed performance: • Switzerland: $79.7M weekly outflows• Germany: $118.2M weekly outflows• Canada: $27.1M weekly outflows• Sweden: $26.8M weekly outflows• Hong Kong: $1.9M weekly outflows• Brazil: $3.5M weekly inflows• Australia: $2M weekly inflows Brazil and Australia were the only bright spots, adding modest capital despite global selling pressure. Provider Level Data Shows Heavy Selling in iShares ETFs At the provider level, iShares dominated outflows with $1.65 billion, representing 85 percent of total weekly redemptions. Month to date, iShares outflows reached $3.48 billion, although year to date still shows strong inflows at $34.82 billion. Other provider activity: • Grayscale: $114M weekly inflows, though to date, remains negative.• Fidelity: $116M weekly outflows.• CoinShares Digital Securities: $148M weekly outflows.• ARK 21Shares: $85M outflows.• 21Shares AG: $82M outflows.• ProShares: $46M outflows.• Bitwise: $5M inflows.• Others combined: $62M in positive flows. Despite the overall negative week, select providers such as Grayscale and Bitwise signaled pockets of institutional accumulation.
The post appeared first on CryptosNewss.com #XRP $XRP
Bitcoin Struggles Below $90K, Analysts Warn of Deeper Decline if Support Breaks
Bitcoin’s recent recovery attempt is showing signs of exhaustion, with BTC losing momentum below the key $89,500 and $90,000 resistance zones. Despite bouncing strongly from the $82,000 level earlier in the week, the market is now turning cautious as technical indicators point to weakening upward pressure. Data from Kraken shows Bitcoin climbing above the $85,000 and $86,500 resistance levels, breaking the 50 percent Fibonacci retracement zone from the $92,872 swing high to the $80,595 low. However, sellers remain active near the $89,000 to $90,000 region, preventing a clean breakout and signaling possible downside continuation. Bitcoin Faces Strong Resistance Near $89K and $90K A bearish trend line has formed at the $89,000 level on the hourly BTC USD chart. Bitcoin is currently holding above $87,000 and the 100 hourly Simple Moving Average, but momentum is fading. Key resistance levels now sit at: • $88,500• $89,000 trend line resistance• $90,000, aligned with the 76.4 percent Fib retracement level Analysts note that a close above $90,000 would be required to restore strong bullish momentum. If this happens, BTC could retest $92,500, followed by $93,200 and eventually the $94,500 to $95,000 resistance band. Market sentiment remains mixed as traders debate whether Bitcoin has enough strength to reclaim its recent highs or whether it will face another correction. Risk of Another Decline if BTC Fails at Resistance If Bitcoin fails to break above $89,000, analysts expect another pullback in the near term. Immediate support levels include: • $86,750• $86,000 (first major support)• $83,500• $82,500 The most critical long-term defense level remains $80,000. A breakdown below this zone could trigger a sharper correction, potentially accelerating downside pressure due to increased sell activity and reduced bullish volume. Technical indicators support this cautious outlook: • The hourly MACD is losing momentum in the bullish zone.• The hourly RSI is holding above 50, reflecting temporary support but declining strength. Traders now watch the $90,000 level closely as the threshold that may determine Bitcoin’s next significant move. The post appeared first on CryptosNewss.com #BTCRebound90kNext? #BTC $BTC
Bitcoin Community Calls for JP Morgan Boycott After MSCI Plans Crypto Treasury Removal
The Bitcoin community is pushing back against a major shift in the global financial landscape, calling for a boycott of JP Morgan after reports revealed that MSCI intends to remove crypto treasury companies from its indexes beginning in January 2026. The leaked information, initially referenced in a JP Morgan research note, has ignited widespread anger among Bitcoin supporters and industry advocates. MSCI, formally known as Morgan Stanley Capital International, is one of the most influential index providers in global finance. Its indexes guide billions of dollars in institutional flows from ETFs, mutual funds and pension funds. Inclusion generally attracts long term passive capital, while exclusion can trigger automatic sell offs and a decline in liquidity. The prospect of removing crypto treasury firms has raised concerns about major market disruptions. Bitcoin Advocates Call for Public Boycott of JP Morgan The backlash intensified after Bitcoin supporters urged the public to protest against JP Morgan. Real estate investor and Bitcoin advocate Grant Cardone claimed he faced difficulties withdrawing funds, stating that he was only able to remove 20 million dollars from JPMorgan Chase. Cardone further announced he plans to file a lawsuit against the bank over credit card related issues, highlighting the growing tension surrounding the boycott campaign. Bitcoin advocate Max Keiser backed Cardone’s response, encouraging him to redirect funds toward Strategy and Bitcoin as a form of protest. The situation reflects the strong sentiment within the community following the MSCI leak. Analysts warn that if MSCI moves forward with the exclusion of crypto treasury firms, asset managers and funds may be compelled to automatically sell shares of affected companies to maintain index compliance. Such action could generate negative pressure across the broader cryptocurrency market. Strategy’s Position and Its Recent Nasdaq 100 Inclusion The situation is especially significant for Strategy, a well known Bitcoin treasury company. Strategy was added to the Nasdaq 100 index in December 2024, a milestone that enabled it to attract passive capital from funds tracking the index. Any shift in MSCI classification could impact that flow of institutional exposure. Michael Saylor, executive chairman and founder of Strategy, has already addressed the discussion surrounding MSCI’s considerations. He emphasized that Strategy is not a fund, a trust or a typical holding company. Instead, he described it as a Bitcoin backed structured finance firm that creates, designs and manages financial instruments rather than simply holding assets. Saylor’s explanation highlights the ongoing debate over how Bitcoin heavy companies should be classified within traditional market indexes. MSCI’s Proposed Threshold and Potential Market Impact Sources familiar with MSCI’s draft proposal revealed that any company with more than 50 percent of its balance sheet allocated to cryptocurrency would lose its index status under the new rules. Affected companies would then be forced to choose between reducing their crypto holdings to remain eligible for index inclusion or forfeiting passive capital inflows from global market indexes. Analysts caution that if multiple Bitcoin treasury firms decide to reduce their exposure quickly, the resulting sell off could generate downward pressure on digital asset prices. The uncertainty surrounding this proposal has already intensified industry-wide discussions about regulatory attitudes toward crypto treasury structures. Market Preparing for Possible Policy Shift in January 2026 With the proposed changes scheduled for January 2026, investors, institutions and crypto-focused firms are preparing for potential outcomes. The decision could reshape how Bitcoin treasury companies interact with traditional finance and how much passive capital they can access through global index providers. As debates continue, the Bitcoin community is mobilizing against JP Morgan, which was linked to early research coverage of the MSCI proposal. The rising tension highlights the deep interconnection between cryptocurrency markets and traditional financial infrastructure. The post appeared first on CryptosNewss.com #BTCVolatility #JPMorgan $BTC
Ethereum Holds Its Last Major Support As Tom Lee Predicts a Possible Rise to 62,500
Ethereum is approaching one of the most important technical moments of its current market cycle. Despite the latest decline, large wallets are buying aggressively, even as analysts warn that ETH is sitting on its final major support before a potential steep decline. At the same time, Fundstrat’s Tom Lee has released new valuation estimates for Ethereum, creating a wide range between bearish and bullish outcomes. His model now places ETH’s fair value anywhere between 12,000 and 62,500 depending on market conditions, adoption and long term ETH to BTC ratios. These conflicting signals have created a rare moment where price structure, investor confidence and whale activity are moving in different directions. Tom Lee’s Massive Valuation Range Has the Market Talking Tom Lee’s updated model has become a central topic across analyst circles. According to his breakdown, Ethereum’s valuation depends heavily on where the ETH to BTC ratio stabilizes in the months ahead. Key valuation points include: • Around 12,000 if ETH continues to follow its long term ETH to BTC historical average• Around 21,800 if the market eventually retests its 2021 ratio• Up to 62,500 if Ethereum becomes a core settlement layer for global transactions The range is unusually wide and reflects uncertainty in both market behavior and Ethereum’s long term economic role. It also contrasts sharply with the current price of roughly 2,800. Whales Accumulate Over 21,000 ETH While Retail Sells In one of the most notable moves of the week, a Bitmine linked address accumulated 21,537 ETH, valued at more than 59 million dollars, during the recent decline. The purchase was executed around the 2,750 level, a time when thousands of retail traders were selling out of fear. This behavior mirrors the kind of strategic accumulation seen in Bitcoin markets, particularly during MicroStrategy’s buying periods. Data shows that aggregated open interest is holding steady around 15.46 billion dollars. There is no signal of aggressive panic, forced liquidations or leveraged wipeouts. The market appears to be stabilizing even as the chart looks heavy. Whales are showing confidence where the crowd is showing caution. ETH ETF Outflows Turn Negative for the First Time in Months Weekly data from SoSoValue now shows that Ethereum ETFs have registered around 500 million dollars in net outflows. This marks one of the largest reductions in ETF exposure in recent months. Total net assets have pulled back from recent highs, indicating that regulated and institutional ETF holders are reducing risk while spot market whales continue to accumulate. This mismatch between ETF behavior and direct spot buying reflects two different risk profiles. ETF investors appear to be responding to price weakness and macro factors, while whales are using declines as accumulation opportunities. Ethereum Sits on Its Final Structural Support Level The most critical factor now is price structure. Ethereum is resting directly above its last major support zone, the same region that supported the entire 2022 to 2025 consolidation range. Historical patterns from 2016 to 2018 and 2018 to 2021 show that when ETH loses this level, price often falls quickly due to a lack of nearby support. Analysts call this moment the cliff because the chart has almost no safety levels below it. Sellers are showing strength and volume is rising. The candle structure is weakening at the exact level where buyers need to defend. Sentiment across social platforms appears positive, but the chart does not reflect that confidence. If this support breaks, the next meaningful level is much lower. What Happens Next for Ethereum Two sharply different scenarios are now forming: If support holds:Whale accumulation appears early and strategic, the Bitmine purchase becomes a strong signal, and long-term valuation models begin to look more realistic. If support breaks:ETF outflows, weakening structure, and the wide gap below the current price could accelerate downward pressure. The lack of support beneath this zone makes any breakdown potentially severe. Ethereum is now at a turning point that will test not only its price but also the conviction of long-term holders. The post appeared first on CryptosNewss.com #Ethereum $ETH
Jeff Park Says Sovereign Bitcoin Adoption Could Send BTC to $150,000 Overnight
Bitcoin’s path to its next major price breakout may depend on one rare catalyst, according to ProCap chief investment officer Jeff Park. In a recent interview published on YouTube, Park said sovereign Bitcoin adoption by a major developed nation could instantly transform market dynamics and spark an explosive upside move. Park believes this scenario represents the most powerful bullish trigger Bitcoin could experience in the near term. He explained that if an OECD-level country officially announced it was buying Bitcoin for its national reserves, the market reaction would be immediate and dramatic. According to Park, Bitcoin could jump to nearly $150,000 overnight, representing a surge of roughly 76 percent from its publication price of $85,089, based on CoinMarketCap data. However, Park stressed that the announcement must be legitimate.“It would have to be real,” he said, adding that Bitcoin investors have lived through earlier periods of speculation where unfounded rumors were treated as fact. This time, he argued, only an authentic, confirmed move by a sovereign government would deliver such a historic price reaction. Industry voices such as Samson Mow, founder of Jan3, have repeatedly stated that nation-state adoption is closer than many believe. Mow recently said the world is shifting from “gradually” to “suddenly,” referring to accelerating interest among governments. Quantum Computing Adds Pressure on Long-Term Holders Beyond the sovereign adoption narrative, Park addressed another growing concern among investors, especially long-term Bitcoin holders – quantum computing. He described quantum as a “weird boogie man,” a looming technological threat that creates uncertainty among those holding Bitcoin for many years. Park suggested that this unease may be contributing to recent sell-offs by whales and veteran investors. “If the whales are selling, they are selling for reasons that are probably just as likely to be improbable for the reasons having bought in 2012 and 2011,” Park said, implying that tail-risk events influence long-term behavior. Despite these fears, Glassnode data shows nothing unusual.The analytics platform recently stated that long-term holders have been taking profits throughout this cycle, mirroring patterns seen in earlier bull markets. Park believes “clarity on resolution” around quantum computing could help ease selling pressure.“If you stop the selling pressure, then the buying pressure is actually adding incremental capital for price action,” he noted. Quantum Threat Debate Intensifies Concerns about quantum readiness have been rising across the crypto sector. Gianluca Di Bella, a smart-contract and ZK-proof specialist, said the quantum threat is not far-off but a present-day concern, urging faster development of quantum-resistant designs. Meanwhile, Bitcoin analyst Willy Woo proposed an interim safety measure: moving BTC to a SegWit-compatible address until a quantum-secure solution is implemented. As the industry watches both technological risks and macro-level catalysts, Jeff Park’s analysis highlights the possibility that one major geopolitical move could reshape Bitcoin’s global role overnight. The post appeared first on CryptosNewss.com #BTCVolatility $BTC
Bitcoin just dropped to around $84k after a sharp sell-off, do you think this is a buy-the-dip zone
Bitcoin (BTC) has sharply dropped to around $84,168, showing strong selling pressure.The chart highlights a continuous downtrend with multiple red candles and increasing volume.Price recently fell from the $112k zone, signaling a major market correction.Moving averages (MA7, MA25, MA99) are trending downward, confirming bearish momentum.A large red volume spike indicates possible panic selling or liquidation events.Traders are watching if $80,600 will hold as support.Market sentiment appears uncertain, raising questions about a rebound or further decline.
Veteran Trader Peter Brandt says Bitcoin Needs Four More Years to Hit $200K Target
Veteran trader Peter Brandt believes Bitcoin’s path to $200,000 will take far longer than many crypto executives anticipate. In an X post published Thursday, Brandt said he does not expect Bitcoin to touch the $200K milestone by the end of this year or anytime soon. Instead, he predicts the next major bull market will lift Bitcoin to around $200,000 in Q3 2029. Brandt emphasized that he remains a “long-term bull on Bitcoin,” but warned that expectations of rapid gains are unrealistic. His projection stands in stark contrast to bullish calls made by major industry leaders such as BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee, both of whom reaffirmed in October their belief that Bitcoin would surpass $200,000 before year-end. The trader’s long-term outlook also sharply differs from forecasts by Coinbase CEO Brian Armstrong and ARK Invest’s Cathie Wood, who both estimate Bitcoin could reach $1 million by 2030. Brandt expects Bitcoin to be significantly lower — roughly one-fifth of that price — just one quarter earlier. Bitcoin has struggled since reaching a new all-time high of $125,100 on Oct. 5, sliding steadily amid wider market pressure. On Wednesday, Bitcoin dropped to $88,000, and despite a brief uptick, the price continued to correct, trading near $86,870 at the time of publication, according to CoinMarketCap. Despite the downturn, Brandt sees the ongoing market reset as constructive rather than damaging. “This dumping is the best thing that could happen to Bitcoin,” he wrote. Analysts across the sector have echoed this sentiment, noting that historical shakeouts often precede strong upside cycles. Brandt previously compared Bitcoin’s chart structure to the 1970s soybean market, which experienced a sharp decline after a major peak. He highlighted how soybeans fell 50 percent once global supply exceeded demand, warning that similar dynamics can emerge in overheated crypto markets. Meanwhile, institutional activity continues to play a major role in Bitcoin’s price movement. Charles Edwards, founder of Capriole Investments, said Bitcoin has “never seen this much institutional selling as a percentage of Coinbase volume in all history,” highlighting a significant shift in market behavior. Even with growing pessimism among some investors, long-term analysts maintain that structural resets are crucial for sustainable upside. Brandt’s timeline suggests that while short-term volatility may continue, Bitcoin’s long-term trajectory remains firmly upward, albeit slower than the industry’s most aggressive predictions. The post appeared first on CryptosNewss.com #BTCVolatility #BitcoinForecast $BTC
Big Tech Volatility Sparks Sharp Bitcoin Correction, AI Spending Concerns Grow
Bitcoin experienced a sharp correction on Thursday as volatility from the technology sector and renewed fears of an AI-driven market bubble spilled over into crypto. The sell-off aligned with a steep decline in the tech-heavy Nasdaq Index, which dropped 4 percent intraday despite strong earnings and guidance from Nvidia. Investor concerns over rising artificial intelligence sector spending, corporate debt, and uncertain Federal Reserve policy contributed to the rapid decline across risk assets. As the Nasdaq pulled back, Bitcoin followed closely, falling below $86,000 for the first time since April. The synchronized downturn highlights the growing correlation between Bitcoin and major U.S. equity markets, especially during macroeconomic stress. Analysts noted that the cryptocurrency mirrored risk sentiment as traders exited positions across both sectors. Billionaire investor Ray Dalio told CNBC that although markets appear to be in “bubble territory,” he sees no clear trigger for an imminent crash. Dalio recommended that investors diversify into scarce assets such as gold. He added that his larger concern is the possibility of rising wealth taxes rather than aggressive monetary tightening. Despite Dalio’s comments, risk sentiment shifted after the United States reported stronger-than-expected September job data. Nonfarm payrolls increased by 119,000, reversing the prior month’s decline. The report prompted traders to reconsider expectations that the Federal Reserve would ease monetary policy. According to minutes from the October FOMC meeting, many policymakers warned that additional rate cuts could increase the risk of inflation becoming entrenched. As a result, traders reduced the probability of two interest rate cuts by January 2026. Implied bond market pricing now shows only a 20 percent chance that the FOMC will push rates to 3.50 percent by January 28, down sharply from 55 percent one month ago. While the FOMC minutes confirm that officials remain cautious, they provided little clarity on how close October’s divided rate decision truly was. Market pressure also intensified as investors questioned the sustainability of soaring AI expenditures. Even with stronger-than-expected corporate earnings, including a notable beat from Walmart, analysts warned that heavy data center investment could be setting up future risks. Gil Luria, head of technology research at D.A. Davidson, told CNBC that companies building large-scale AI infrastructure are taking on “inherently speculative” debt. He added that Nvidia’s strong results do not necessarily reflect the true maturity of AI economics. The Nasdaq Index has now fallen 7.8 percent from its all-time high on October 29, wiping out nearly 10 weeks of gains. With uncertainty growing, many investors stepped away from risk markets entirely. Bitcoin’s correlation with tech stocks climbed to 80 percent, the highest level in six months. This trend suggests that traders are prioritizing macro conditions over Bitcoin’s intrinsic features, such as decentralization and its predictable monetary structure. Still, Bitcoin traders are not uniformly bearish below $90,000. Market analysts believe many are waiting for more stable entry points as global conditions remain unclear. If Ray Dalio’s broader thesis holds, panic selling could prove premature. Liquidity may improve, the United States debt burden continues to grow, and President Donald Trump’s proposed “tariff dividend” strategy may reshape economic expectations going forward. The post appeared first on CryptosNewss.com #BTCVolatility #BTC90kBreakingPoint $BTC
Ripple Explores Native Staking to Boost XRP’s DeFi Utility, But Major Risks Remain
Ripple is evaluating whether native staking could be integrated into the XRP Ledger to expand XRP’s role in decentralized finance, while maintaining the protocol’s consensus stability. The discussion began after J. Ayo Akinyele, Head of Engineering at RippleX, published a detailed blog post outlining how staking might enhance long-term participation, network security and XRP utility if implemented correctly. Akinyele noted that as new capabilities emerge around the XRP Ledger, including onboarding digital asset treasuries and ETF-based usage, it is natural to reassess how XRP can maintain its competitive edge. He argued that staking typically strengthens blockchain ecosystems by aligning incentives among validators and token holders, rewarding those who help secure consensus. However, he emphasized that enabling staking on XRPL requires a “source of staking rewards” and a fair distribution mechanism. This would demand changes at the core protocol level because XRPL currently burns transaction fees to maintain efficiency and deflationary supply. Unlike Proof of Stake models, the XRP Ledger was originally designed for fast global value transfer and cross-border liquidity, powered by the Proof of Association model that prioritizes trust relationships over financial incentives. Ripple’s CTO, David Schwartz, expanded the conversation by outlining two possible conceptual models for adding staking to XRPL. His first idea involves a two-layer consensus architecture. In this model, an “inner layer” of around 16 incentivized validators would be selected by the existing “outer layer” based on stake. This inner group would manage ledger advancement, apply slashing to prevent double signing, and ensure reliable validation, while the outer layer would maintain oversight of amendments, fees and governance. Schwartz’s second concept retains XRPL’s existing consensus design but introduces zero-knowledge proofs, allowing fees to support ZK-based verification without requiring a full staking overhaul. Zero-knowledge proofs enable verification of correctness without revealing additional data, which could preserve XRPL’s trust-minimized structure. Despite these proposals, Schwartz cautioned that both approaches require “massive complexity, effort and risk,” making native staking unlikely to arrive soon. He described the ideas as technically promising but not practical in the near term. According to CoinGecko, XRP is trading at $2.13, showing a modest 0.2 percent rise in the past 24 hours as the staking debate continues to gain attention. Ripple’s exploratory discussions reveal the company’s interest in expanding XRP’s utility within DeFi, yet they also highlight the architectural challenges in modifying a system designed for stability and efficiency. Whether staking becomes part of XRPL’s future remains uncertain, but the conversation signals a significant strategic evaluation within RippleX’s developer ecosystem. The post appeared first on CryptosNewss.com #Ripple #Xrp🔥🔥 $XRP
Whales Accelerate Accumulation After Bitcoin Drops Under $90K, Analysts Say
in whale activity is spiking sharply as the market faces intensified selling pressure, with analysts warning this week could become the most active whale-trading week of 2025. According to data shared by the market intelligence platform Santiment, large Bitcoin holders have dramatically increased their transaction volume following BTC’s drop below $90,000, marking its lowest level in seven months. Santiment reported tracking more than 102,000 whale transactions over $100,000 and an additional 29,000 transactions above $1 million. The firm noted that whale behavior appears to be shifting, moving slowly from heavy selling to renewed accumulation. “This week has a good chance of ending up as the most active whale week of 2025,” Santiment said, adding that the broader context shows whales beginning to accumulate after earlier rounds of aggressive selling. Analysts Suggest Whales Are Buying the Dip While some traders blamed whales for triggering the broader market decline, data from Glassnode shows that large wallets holding over 1,000 BTC have been steadily accumulating since late October, with a notable spike beginning last Friday. Speaking with Cointelegraph, Pav Hundal, lead analyst at Swyftx, said that recent trading activity appears heavily influenced by news cycles and geopolitical tensions in the United States. According to Hundal, both whales and retail traders stepped in following Nvidia’s strong earnings report, with Swyftx recording a 10:1 buy-to-sell ratio, far above the typical 3:1 average. Hundal added that the recent market turmoil represents an overdue “mechanical shakeout,” pushing short-term holders out while stronger hands accumulate. Bitwise Asset Management’s European Managing Director, Bradley Duke, echoed the sentiment, stating that while panic spread across retail markets, large holders continued to “buy the dip,” accumulating discounted Bitcoin from weaker hands. Analysts Point to Signs of Forced Selling Meanwhile, Tushar Jain, co-founder of Multicoin Capital, suggested that the recent pattern of selling resembles activity from a major forced liquidation. In an X post, he highlighted systematic sell-offs occurring at specific intervals, possibly linked to large-scale unwinding of leveraged positions. “It feels like a big forced seller is in the market. Hard to imagine this scale of forced selling continues for much longer,” Jain said. His comments align with predictions from BitMine chairman Tom Lee and Bitwise CIO Matt Hougan, who both forecast earlier this week that Bitcoin could be nearing its short-term bottom. With whale accumulation rising, analysts are watching closely to determine whether BTC’s dip below $90,000 represents a buying opportunity or an early signal of deeper market volatility. The post appeared first on CryptosNewss.com #BTC90kBreakingPoint #USStocksForecast2026 $BTC
Ethereum Attempts Recovery After Dropping Below $3,000, But Key Resistance Looms
Ethereum is attempting a mild recovery after slipping below the $3,000 mark, but the broader trend remains pressured by strong overhead resistance. According to market data from Kraken, ETH failed to hold above $3,150 earlier this week, triggering a decline that briefly tested the $2,950 region. The drop accelerated once Ethereum lost support near $3,050, eventually forming a local low at $2,941. Since then, the price has attempted to retrace its losses, moving above the 50% Fibonacci retracement level drawn from the $3,217 swing high to the $2,941 low. However, ETH continues to trade below $3,120 and the 100-hourly Simple Moving Average, signaling that bullish momentum remains weak. Key Resistance Levels Could Block Ethereum’s Recovery A significant bearish trend line is forming near $3,150, which also aligns with the 76.4% Fib retracement zone. This level remains the first major resistance for Ethereum. If ETH manages to break above $3,150, it will then face a stronger barrier at $3,220, followed by the crucial $3,250 level. A successful breakout above $3,250 could open the door for a move toward $3,320, and potentially allow Ethereum to target $3,450 or even $3,500 in the near term. Risk of Another Decline If Bulls Fail to Break $3,150 If Ethereum fails to clear the $3,150 resistance, it may start another downward move. Initial support sits at $3,065, followed by a stronger support zone around $3,020. A breakdown below $3,020 could push ETH back toward $2,950, where it recently found temporary stability. Further selling pressure may drag the price into the $2,880 range, with deeper supports seen around $2,750–$2,740. Technical Indicators Hourly MACD: Losing momentum within the bearish zone.Hourly RSI: Hovering above 50, suggesting a slight improvement in momentum. Ethereum’s price action remains uncertain as bulls attempt to reclaim key levels while bears continue to exert strong resistance. The post appeared first on CryptosNewss.com #Ethereum $ETH
Bitcoin SSR Signals Buy Opportunity as BTC Drops to $92,500, Analyst Says
Bitcoin’s on-chain metrics are showing a potentially bullish signal despite the market’s continued downward pressure. According to CryptoQuant community analyst Maartunn, the Stablecoin Supply Ratio (SSR) for Bitcoin has fallen sharply into a zone that historically aligns with buy opportunities. The SSR measures Bitcoin’s market cap relative to the total stablecoin supply. A lower SSR indicates higher stablecoin buying power, suggesting that investors may have significant liquidity waiting to re-enter the market. This metric is often used to gauge potential bullish momentum, especially when the broader market is under pressure. Bitcoin SSR RSI Enters “Buy Zone” After Price Decline In a recent analysis shared on X, Maartunn highlighted that the SSR RSI has dropped steeply following Bitcoin’s spot price decline. This indicates that stablecoin reserves remain strong compared to Bitcoin’s market valuation, creating what he describes as a “buy signal.” Historical data shows that similar declines in the SSR RSI have often preceded market bottoms or short-term price rebounds. In several past cases, Bitcoin saw rallies shortly after the indicator entered this zone, although some reversals were temporary. Whether the latest signal will lead to a sustainable uptrend remains uncertain. Dormant Bitcoin Wallets Activate as Old Coins Move Adding to market tension, Maartunn also reported a significant movement of long-held Bitcoin. According to the analyst, 4,668 BTC aged between 3 and 5 years were just spent, marking a noticeable spike in dormant supply activation. Such movement from older wallets often signals selling behavior, which can increase market volatility. Dormant-heavy spending typically appears during strong market changes or investor repositioning. Bitcoin Price Hits $92,500 as Bearish Momentum Continues Bitcoin’s decline shows no sign of slowing, with the price falling to $92,500 at the time of reporting. The combination of a major buy signal and increased dormant wallet activity has created a mixed sentiment among traders. Some analysts believe the heightened stablecoin liquidity could trigger a rebound, while others caution that dormant wallet selling may weaken immediate recovery attempts. For now, all eyes remain on whether the SSR buy signal will lead to a meaningful trend reversal or another short-lived bounce. The post appeared first on CryptosNewss.com #BTC90kBreakingPoint #bitcoin $BTC
Web3 Data Giant DappRadar Confirms Closure, Citing Unsustainable Market Conditions
DappRadar, one of the most recognized blockchain analytics platforms since 2018, has announced that it will shut down operations due to mounting financial pressure. The decision marks the end of a major Web3 data hub that served millions of users across the decentralized ecosystem. Founders Skirmantas Januskas and Dunica Dragos confirmed the shutdown in a message to users, explaining that despite exploring several alternatives, the platform has become financially unsustainable. The team will now begin winding down all services in the coming days, including blockchain tracking, decentralized application analytics, user metrics, and ecosystem dashboards. The founders also stated that updates regarding the DAO and RADAR token will be shared through community channels, where final decisions will be made with community involvement. A Key Pillar of Web3 Analytics Since 2018 Launched in 2018, DappRadar became widely known as the World’s Dapp Store, offering near real-time analytics across over 90 blockchains. It provided reliable metrics on active users, volumes, transactions and trends across DeFi, NFTs, gaming and metaverse projects. Over the years, the platform built a reputation for delivering trustworthy insights during both bull and bear markets. Its dashboards, rankings and data feeds were used by retail investors, blockchain developers, researchers and global media outlets. DappRadar also expanded its offerings with tools such as: Token and NFT portfolio trackersDiscovery tools including quests and airdropsIn-depth research contentMulti-language analytics and reports The founders noted that they collaborated with hundreds of blockchain partners and thousands of Web3 projects, contributing heavily to the industry’s growth and transparency. Market Challenges Made the Business Model Unsustainable DappRadar’s growth was supported by venture funding. The company raised $7.33 million across two funding rounds, including a $5 million Series A in 2021 led by Prosus Ventures and Lightspeed Venture Partners. These funds helped expand infrastructure during a period of rapid crypto adoption. However, as market activity slowed across DeFi, NFTs and gaming, analytics platforms tied to user cycles were hit hard. Revenues dropped while operational costs remained high, ultimately forcing the shutdown. The founders described the closure as “difficult but necessary,” thanking users, partners and investors for years of support and encouraging others to continue building in the decentralized analytics space. With DappRadar’s exit, the Web3 ecosystem loses a major player, leaving room for competitors and new startups to fill the analytic gap as the industry works toward more resilient business models. The post appeared first on CryptosNewss.com #DappRadar $BTC