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Western Europe’s crypto economy continued to expand despite a broader global market downturn, reaching $2.08 trillion in annual transaction activity as stablecoin adoption accelerated across the region.

Sources indicate that A report published by blockchain analytics firm Chainalysis on November 9 found that crypto activity increased 1.2% between July 2025 and June 2026. This made Western Europe the world’s second-largest regional crypto economy and placed it among only three regions to record positive growth during the period.

Recent findings suggest that stablecoins were one of the strongest areas of expansion. Holdings in personal wallets across Western Europe climbed 131%, significantly outperforming the global growth rate of 52%. However, the figures also revealed contrasting trends among major markets, with the UK retaining its position as Europe’s largest crypto economy despite an annual decline in overall activity.

Industry observers note that the UK accounted for the largest share of Western Europe’s cryptocurrency activity, recording approximately $424.5 billion in transaction value during the reporting period. Nevertheless, activity declined 8% year over year, with reduced decentralized exchange trading contributing to the slowdown.

Germany ranked second with $288.8 billion, followed by France at $215.8 billion and the Netherlands at $207.8 billion. Spain and Switzerland recorded $156.1 billion and $132.8 billion, respectively.

Together, these six countries represented roughly two-thirds of the region’s total crypto economy, highlighting how heavily activity remains concentrated in Western Europe’s largest financial markets.

Stablecoins emerged as one of the most significant drivers of Western Europe’s crypto expansion. Personal-wallet holdings increased by 131% over the 12-month reporting period, compared with 52% growth worldwide.

It has been revealed that the region’s share of global stablecoin balances consequently increased from 3.4% to 5.1%. Austria and France recorded particularly strong gains, while the broader trend suggests that stablecoins are becoming more important to how Europeans store and move digital assets.

Regulatory developments are also shaping the market. The European Union’s Markets in Crypto-Assets Regulation (MiCA) has established a common framework for crypto-asset issuers and service providers, creating clearer requirements for businesses operating across the bloc.

Despite the contraction in its overall crypto economy, the UK recorded a substantial increase in domestic stablecoin activity.

Transfers between UK-based wallets reached $2.09 billion during the reporting period, compared with just $109 million in the previous 12 months. This represented approximately 60% of Western Europe’s total domestic stablecoin transfer value, exceeding the combined $1.41 billion recorded across the rest of the region.

Sources indicate that the findings suggest that stablecoins are increasingly being used for domestic transactions rather than exclusively for international transfers. In the UK, domestic stablecoin transfers were 1.32 times the value of the cross-border activity measured by Chainalysis. The rest of Western Europe displayed the opposite pattern, with cross-border transfers significantly outweighing domestic activity.

Retail wallet behavior also reflected growing interest in stablecoins. Approximately 1.03% of eligible UK retail wallets converted at least 80% of their cryptocurrency holdings into stablecoins, up from 0.66% a year earlier.

France recorded another notable development, with stablecoin balances held in personal wallets increasing by 192% during the reporting period.

In a recent development, the number of French personal wallets holding stablecoins rose from 3,577 in June 2025 to 12,255 in June 2026. Stablecoins also accounted for 54.2% of withdrawals from centralized exchanges by the end of the period, the highest proportion among the major Western European markets included in the analysis.

The trend unfolded amid fiscal pressure and political uncertainty in France. Chainalysis noted that the growth in self-custody coincided with periods of stress in the country’s bond market, although the data does not establish a direct causal relationship.

The increase suggests that more French crypto consumers are choosing to move stablecoins away from centralized platforms and hold them in personal wallets. This gives users greater direct control over their digital assets while reflecting a broader shift in how stablecoins are used across the region.

It has been revealed that western Europe’s $2.08 trillion crypto economy demonstrates that the region has maintained growth even as global market conditions weakened. However, the report demonstrates that this expansion is not uniform.

Sources indicate that the UK remains the largest market by transaction value, but its annual contraction contrasts with the growth recorded in other parts of the region. Meanwhile, stablecoin holdings, domestic transfers, and self-custody are becoming increasingly important indicators of how European customers interact with digital assets.

MiCA’s regulatory framework could further influence this development by providing clearer requirements for businesses and encouraging traditional financial institutions to explore blockchain-based services. At the same time, the expansion of euro-denominated stablecoins may strengthen the connection between conventional finance and digital asset markets.

Whether these trends translate into sustained growth will depend on regulatory implementation, institutional participation, and continued demand for stablecoin-based financial services.

Do you think stablecoins will become a mainstream payment method across Western Europe as adoption continues to increase?

Could MiCA help Europe become a leading market for regulated digital assets and tokenized financial products?

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Michael is an editor at Bitcoinist, covering Bitcoin, blockchain technology, and the wider cryptocurrency industry. His editorial focus includes decentralized finance, digital assets, and blockchain adoption. He turns complex developments into clear, accessible coverage, helping readers understand the technology and the changes shaping the crypto landscape.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

In a recent announcement, Binance Wallet stated it will discontinue support for the Blast chain effective November 30, 2026, at 10:00 (UTC). After this date, the crypto exchange said that users will no longer be able to view, send, or receive Blast assets within the Binance Wallet.

Ethereum layer-2 network Blast announced in October 2026 that it was shutting down, a little over two years after its launch, as fading activity left it unable to cover operating costs.

Recent findings suggest that binance noted that this change only affects the display and management of Blast assets within Binance Wallet, as owners can still claim their assets on the official Blast site. In light of this, users are strongly advised to manage or transfer their Blast assets before November 30, 2026, at 10:00 (UTC).

This update only affects the Blast network and does not impact other blockchains supported by Binance Wallet.

Binance has resumed its cryptocurrency listing activity after a brief pause, introducing upcoming perpetual contracts for Hyperliquid (HYPE) and TRON (TRX).

The late-October hack had interrupted the exchange's listings; its last addition was on October 29, when it declared it was listing the Predict token.

Sources indicate that in the last 24 hours, Binance has made two listing announcements: one for HYPE and TRX perpetual contracts, and one for TradFi perpetual contracts on Nu Holdings Ltd. Class A Ordinary Shares and Freedom Holding Corp. Common Stock.

Binance Futures will launch HYPEUSDC and TRXUSDC Perpetual Contracts with up to 75x leverage on November 16, 2026, at 08:30 (UTC) and 08:35 (UTC), respectively. The move is intended to expand the list of trading choices offered on Binance Futures and enhance users’ trading experience.

To expand the list of trading choices offered on Binance Futures and enhance owners’ trading experience, the NUUSDT USDT-Priced Perpetual Contract and the FRHCUSDT USDT-Priced Perpetual Contract have been admitted to trading on Binance RIE and to clearing and settlement by Binance RCH today, November 12, 2026.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Bank of America (BofA) says hot CPI puts a 50bps December Fed hike on the table. BTC fell a week later after 5 of the last 6 big hikes.

Bank of America said this week that the Federal Reserve could raise interest rates by half a percentage point in December. The warning came after Tuesday’s October inflation report ran hotter than expected for a third month in a row. In Bitcoin news, the coin trades at $73,888 on Binance, down 0.6% in 24 hours. It dropped to $72,727 on Tuesday after the report, its lowest price since August 20.

Recent findings suggest that the bank still expects the Fed to raise rates by 0.25 percentage points, or 25 basis points (bps), at its December 8–9 meeting. But it says the case for a bigger move is growing, and it calls the Fed’s decision to hold rates in October a possible policy mistake.

According to recent reports, traders are starting to listen. On Polymarket, the odds of a hike of 50 bps or more in December rose from 0.6% on Monday to 11.4% on Wednesday.

BANK OF AMERICA WARNS FED COULD DELIVER 50BPS HIKE IN DECEMBER.

Bank of America says October's hot CPI report virtually guarantees a December Fed rate hike — and opens the door to a larger 50bps move.

Headline CPI rose 0.4%, while core CPI climbed 0.3%, marking a third….

— *Walter Bloomberg (@DeItaone) November 11, 2026.

The bank’s call rests on three months of hot data. Consumer prices rose 0.4% in October, and core prices, which leave out food and energy because they swing the most, rose 0.3%. Both beat forecasts, the third upside surprise in a row in the Bureau of Labor Statistics report.

Bank of America now estimates that core PCE inflation, the Fed’s preferred measure, is running at 3.3% a year. The Fed’s target is 2%. The bank says price rises are spreading from goods to services, with electronics, airfares and hotels leading the increases.

According to recent reports, its base case is still a 25 bps hike in December. The change is in the risks: a 50 bps move is now possible, and the bank sees a growing chance of another hike in January instead of March.

The bank is not alone. Fed Governor Christopher Waller mentioned in a speech on Tuesday morning that he leans toward a 25 bps hike in December. If core inflation came in around 0.3% again, he said, a 50 bps hike “should be considered.” It did.

It has been revealed that higher rates make cash and bonds pay more. That tends to pull money out of risky assets like BTC, and a faster pace of hikes pulls harder.

Market Intelligence: Crypto Analyst Predicts Best Newly introduced Crypto to Hodl.

The size of the hike has mattered for BTC. We measured Bitcoin’s price on Binance from the 2 p.m. ET announcement of each Fed rate hike since 2022 to one week later. That covers 12 hikes: six of 50 bps or more and six of 25 bps.

It has been revealed that after the six big hikes, BTC was lower a week later five times. The median move was a 6% drop. The worst came after the 50 bps hike in May 2022, when BTC fell 23% in a week.

After the six 25 bps hikes, the picture was milder. BTC was lower a week later four times, but the median move was a drop of just 0.6%.

The record comes with a caveat. All six big hikes happened in 2022, a bear market that also saw the collapses of Terra in May and FTX in November. Those crashes made the falls after the May and November hikes worse.

The most recent hike was a 25 bps move on September 16. BTC rose 11.3% in the week after it, as the uncertainty that had built up before the meeting cleared. That makes the size of December’s hike, more than the hike itself, the Bitcoin news to watch.

DISCOVER: Bitcoin CPI Reaction: 10 of 13 Cool Inflation Reports Triggered an Hourly Gain – Can Inflation Data Reverse the Downtrend?

BTC trades at $73,888, down 0.6% in 24 hours and 5.8% over the past week. It sits below both of its exponential moving averages (EMAs), averages that give recent prices more weight, on the daily chart. The 50-day EMA stands at $78,897 and the 200-day EMA at $76,449.

For Bitcoin news, the next test is the Fed’s own message. Traders already expect a 25 bps hike. If more officials join Waller and Bank of America in backing 50 bps, BTC may have to defend $72,727 before the December 9 decision.

Market Intelligence: Crypto Analyst Reveals Upcoming Binance Listings.

Sources indicate that disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.

Industry observers note that this website provides educational content only. Cryptocurrency and investing involve significant risk, never invest more than you can afford to lose, and always do your own research or seek professional advice. Content is intended for adults only. Gambling laws differ by country; please follow local regulations. By using this site, you agree to our terms. We may include affiliate links, but these do not affect our ratings or recommendations. Crypto promotions here are not authorized under the UK Financial Promotions Regime and are not intended for UK consumers.

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Gemini’s third-quarter trading rebound masked a deepening retail slump.

Crypto exchange Gemini has just reported its lowest quarterly retail trading volume in three years, despite an increase in overall crypto trading volume.

Total spot trading volume rose 18% from the second quarter to $4.5 billion, according to Gemini’s Q3 earnings report. Institutional volume climbed 26% to $3.9 billion, while retail volume fell 14% to $600 million, its lowest level since the third quarter of 2023.

Gemini mentioned the quarterly increase in spot trading volume was “supported by increased institutional Zcash activity and expanded affiliated market-making,” but did not give a specific reason for the decline in retail trading.

Despite the retail slump, Gemini’s exchange revenue increased 7% from the previous quarter to $13.4 million as institutional revenue more than doubled. Retail traders remained its largest source of exchange revenue, contributing nearly three-quarters of the total.

A number of crypto exchanges also reported softer crypto trading activity in the most recent quarter.

It has been revealed that coinbase reported softer retail and institutional activity, with consumer spot trading volume falling 9% from the previous quarter to $23.4 billion. Coinbase chief financial officer Alesia Haas stated “continued growth in prediction markets helped offset softer crypto trading activity.”.

At Robinhood, crypto revenue fell 55% year-on-year to $120 million, offset by a sixfold increase in event-contract revenue to $173 million.

Related: Strategy stock sheds 5% amid MSCI index removal, Bitcoin sell-off.

Gemini also got some help from its own prediction exchange, Gemini Predictions, with revenue from that business unit increasing 52% quarter-on-quarter to $796,000, though it wasn’t significant enough to offset declines elsewhere.

Gemini reported stronger prediction-market activity heading into the fourth quarter, with average daily traders in October running about 50% above the third-quarter average.

Nearly a third of new prediction traders were new to Gemini, more than double the proportion in Q3.

Industry observers note that the organization is also seeking to distribute its event contracts through other platforms. An August nonbinding agreement with Apex Fintech Solutions would make Gemini Titan the exclusive venue for crypto event contracts distributed through Apex’s futures brokerage to its brokerage customers, subject to definitive agreements.

Gemini is set to host a Q3 earnings call on Friday.

Magazine: NK hackers join memecoin trenches, xStocks adds Hong Kong equities: Asia Express.

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All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.

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XRP [XRP] has been sliding on the charts for weeks, and it looks like everyone’s selling their stash right now.

Whales have been steady though. They’ve been trading major, but we don’t quite know whose side they’re on.

Cryptoquant’s Futures Taker CVD has been sell-dominant since late August. That hasn’t changed yet so, two and a half months straight.

Industry observers note that the only time this year Futures traders leaned buy-heavy was in the beginning of 2026. In that time, XRP has gone from $1.55 in late September to $1.05 now.

Spot traders used to turn a blind eye, but not anymore. For the most part, their CVD was neutral this year. There were some buy-heavy stretches in January, February and May.

That changed in October. Now, the Spot Take CVD is also sell-dominant. This is the first time that’s happened all year!

In a recent development, that matters more than you think. Futures selling might just be traders betting short. When Spot starts selling too, that would mean that people holding actual XRP may be getting out.

Usually, when people trade a coin this much, it’s because the price is rising. With XRP though, that’s not been the case.

In a recent development, futures volume bubble map went red in late August. Through most of September and early October, it was marked as “overheating.” While that’s slowed down a bit since, it’s still been a fair spike.

It moved into “heating” in early September, was “overheating” in the middle of the month, and has stayed hot ever since.

Now, put that next to when Spot volume was “cooling” at $1.40.

Both markets are busy right now, but since it’s all during a dip, it may be indicative of selling.

Finally, CryptoQuant’s Average Order Size has shown “significant whale orders” on Futures and Spot since early October.

Industry observers note that that’s happened before as well. Whale-sized orders were all the rage through June, July, and most of August. All this, while XRP went between $1 and $1.25.

Towards the end of August, the price went back to $1.50 on the charts.

In a recent development, as with many others, this metric also only shows how major orders are, and not which way they’re going. Whales could be buying the dip, or walking away.

Either way, they’re the ones moving the most money right now. Whatever they decide at $1 is probably where XRP goes next.

Industry observers note that samyukhtha L KM is a financial journalist and market analyst at AMBCrypto. She covers key market moves, blockchain adoption, and socially-driven crypto trends. She also enjoys providing fresh takes through commentaries on emerging narratives.

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AMBCrypto was founded in 2018 with a mission to simplify and bring the latest blockchain and cryptocurrency news to our readers. We have quickly grown into the digital news source for an emerging generation of cryptocurrency enthusiasts, reaching more than a million readers on a monthly basis, across the globe.

Recent findings suggest that AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

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Why the Path to Quantum Resistance Runs Uphill for Bitcoin Wallet Makers.

Bitcoin custody has always involved some degree of risk, but wallet manufacturers like Trezor—which build physical devices designed to keep a user’s private keys secure offline—are preparing for a post-quantum world where upcoming challenges arise.

That’s because SHRINCS, the community’s leading candidate for a post-quantum signature scheme, allows people to make transactions using stateful signatures that require rigid state tracking to prevent funds from being stolen, according to Trezor CTO Tomáš Sušánka.

Proposed late last year by Blockstream Research Director Jonas Nick and cryptographer Mikhail Kudinov, SHRINCS centers on a composite hash-based approach: people can make transactions using either stateful signatures or stateless signatures.

Stateless signatures are quite large—potentially affecting fees, signature speed, and other efficiency metrics—but are safe to reuse, while smaller, more efficient stateful signatures come with serious security risks when reused beyond a particular signing budget.

The stateful component of SHRINCS is made up of a tree of one-time signatures, and if these keys are accidentally used more than once, enough cryptographic information is revealed for someone else to forge that user’s signature and effectively steal funds.

If Bitcoin successfully adopts SHRINCS, maintaining a meticulous count of the wallet’s state will become a critical responsibility for wallet developers—with lots of potential edge-case security risks.

In a recent development, “You’re giving them an option to mess up,” Sušánka said during a recent episode of MARA Foundation TV, in reference to state tracking. “It’s our job to make it in a secure way, right? It shouldn't be the user’s job.”.

In a recent development, to mitigate this risk, Trezor is weighing options for how to support secure UX in a post-quantum world. For instance, Sušánka remarked the company is considering making the heavier, slower stateless signatures the default setting for all people, tucking the riskier stateful option behind an advanced settings wall.

While Sušánka recognizes that SHRINCS may be the conservative cryptographic choice because it relies on the same cryptographic assumptions as SHA-256, he is “kind of torn on the topic because maintaining the state is a burden.”.

Industry observers note that “For example, you can have two Trezors with the same recovery seed. How do you share the state between those two? You really don’t,” he added.

“That being said, as it is with everything, this is about trade-offs,” Sušánka continued. “The [stateful] signatures are 10 times smaller ... That makes a big difference. So, I just don't want to throw it off the table completely.”.

According to recent reports, sušánka went on to share that while many are focused on Bitcoin’s migration path to post-quantum addresses and signatures, hardware wallet devices will also need to be physically updated for full quantum protection. Most signing devices use quantum-vulnerable cryptography for hardware-specific security functions, like firmware and device authentication.

If people want to ensure their devices are secure in a post-quantum world, they will need to use “quantum-ready” devices—that is, devices that use post-quantum cryptography for device and firmware authentication as well.

In anticipation of these needs, the company is already shipping products like Trezor Safe 7 that support post-quantum cryptography for wallet authentication processes. Of course, transactions made on these devices will only be quantum-secure once Bitcoin itself upgrades to post-quantum security.

That noted, Sušánka warned developers not to wait too long to give consumers migration options, as he believes the migration of potentially millions of users will take time.

“People should be ready to make compromises,” Sušánka stated. “If we’re all going to be very strict on what can and cannot be done, we’re not going to get anywhere.”.

It has been revealed that andré Beganski is a Senior Content Manager at MARA Foundation, producing content on topics including the intersection of quantum computing and cryptography. He has previously worked for Decrypt.

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In a recent development, disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

F2Pool co-founder Chun Wang, known on X as Satofishi, bought 5,246 ETH worth $10.78 million over the past two days at an average price of $2,054, according to Lookonchain and Arkham data.

Sources indicate that on Nov. 5, with ether trading near $2,400, Wang sold 6,200 wrapped staked ETH (wstETH) for $18.5 million in USDC. Wrapped staked ETH is a version of Lido's staked ether (stETH) that can be used in DeFi protocols.

This week, ether traded about 14% lower than on the day of the sale, and Wang started buying it back.

He withdrew 5,246 ETH from Binance hot wallets in two transfers of 3,996 ETH and 1,250 ETH. The purchase cost him $10.78 million, so about $7.7 million from the Nov. 5 sale is still left in USDC, according to Lookonchain.

Wang then sent 3,996 ETH ($8.23 million) to Lido. Lido is the largest liquid staking protocol on Ethereum. He deposited the wstETH he received into Spark, a lending protocol in the Sky ecosystem, which was previously known as MakerDAO. In Spark, wstETH can be used as collateral, while it continues to earn staking rewards.

He started out arbitraging Bitcoin between overseas exchanges and China's Taobao and later co-founded F2Pool. He released the pool in 2013 together with Mao Shixing. At that time, F2Pool was one of the first Bitcoin mining pools in China.

It has been revealed that in 2015, he bought a condo in Pattaya for 2,900 BTC. He later sold it for 7 BTC, as the price of Bitcoin had risen many times over.

In 2025, Wang also funded and commanded Fram2, the first crewed spaceflight over Earth's polar regions, on a SpaceX Crew Dragon.

F2Pool also mined ether until Ethereum moved to proof-of-stake in September 2022. Before that, Wang introduced the non-custodial staking service stakefish. According to Wang, he decided to do it after a conversation with Vitalik Buterin in 2017. Stakefish was also one of the first node operators of Lido.

Ether is down more than 15% since the start of the month amid outflows from spot ETFs, according to SoSoValue. At press time, ETH is trading at $2,020.

In a recent development, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Maple Finance co-founder Joe Flanagan and COO Ryan O’Shea are leaving over disagreements about the firm’s direction as SYRUP falls despite revenue growth.

Two senior executives are leaving onchain asset manager Maple Finance over disagreements about the firm’s direction as its SYRUP token slid more than 7% Thursday.

Maple co-founder and executive chairman Joe Flanagan noted Wednesday he would leave after seven years at the firm, describing a growing divide with fellow co-founder and CEO Sidney Powell.

“Over time, our views on strategy, leadership, and life have moved further apart,” Flanagan wrote. “I believe Maple is best served by one co-founder leading it forward from here.”.

Industry observers note that chief operating officer Ryan O’Shea also noted in a Thursday post on X that he would leave after nearly five years at Maple. “I’ll be stepping down as COO. I’ve come to a different view on the direction Maple should take, and I’ve decided it’s time to step aside,” he wrote.

SYRUP traded at $0.12 at 10:36 p.m. UTC Thursday, down 7.5% over 24 hours and 12% over the past week, according to CoinGecko. The token had a market capitalization of about $145 million.

Maple and Powell did not respond to Cointelegraph’s requests for comment by publication.

In a recent development, in a statement published Wednesday, Maple confirmed that Flanagan was stepping down as chairman and leaving the company. “This is an agreed and orderly transition,” the company stated, adding that his responsibilities would move to Powell and Maple’s existing leadership team.

The company did not announce a replacement chairman or specify how the departing executives’ duties would be carried out.

Industry observers note that flanagan remarked his differences with Powell reached a point where they were no longer constructive. “I am choosing to leave rather than continue supporting a direction I cannot stand behind,” he said. Flanagan added that he would help with the transition through the end of 2026.

O’Shea is stepping down effective Nov. 27. “I’ll have no ongoing role after that,” he wrote.

The departures come as Maple looks to expand beyond crypto-backed lending. In October, Powell stated the firm planned to reach more customers through fintech partnerships and lend against a wider range of assets, including payments owed on loans made by fintech companies and securities backed by assets such as mortgages.

Related: Kraken, Maple launch onchain warehouse facility for crypto-backed institutional loans.

The announcements come as Maple’s lending business continues to grow, while SYRUP is down 62% year to date and total value locked (TVL) has declined.

It has been revealed that according to Token Terminal, Maple’s protocol revenue rose 8% year over year in October, while TVL fell around 11% between the end of September and Nov. 11.

Maple’s latest quarterly results also indicated growth, with the organization reporting $4.4 million in third-quarter revenue, up 5% from a year earlier. Assets under management rose 18% year over year to $4.7 billion.

Industry observers note that maple has also been using some of its revenue to buy back SYRUP tokens. In September, the tech giant repurchased about 1.37 million tokens, twice as many as in August, according to its October update.

Magazine: Wall Street killed Bitcoin’s wild rallies: 10x’s Markus Thielen.

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Kalshi raises a billion dollars, and Trump’s new Fed Chair pick is imminent.

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Recent findings suggest that why is crypto crashing? A hot CPI report raised Fed hike bets. ZEC fell below $1,000, the worst of 20 large coins this week.

Why is crypto crashing on Wednesday, November 11? The sell-off that began with Tuesday’s hotter-than-expected U.S. inflation report has carried into today, and almost every major coin is lower.

Industry observers note that bitcoin (BTC) dropped below $73,000 on Tuesday, touching $72,727 on Binance, and now trades at about $73,800. Ether (ETH) briefly slipped to $2,006, while XRP and Solana (SOL) are down 2% to 3% in 24 hours. The Crypto Fear & Greed Index, a daily gauge of market mood from 0 to 100, has fallen to 29.

The report changed what traders expect from the Federal Reserve. Bond yields jumped, and bets on a larger December rate hike nearly tripled within two hours.

One coin is falling much harder than the rest. Zcash (ZEC) is a cryptocurrency introduced in 2016 that lets users hide the sender, the receiver and the amount of a payment. It dropped below $1,000 on Wednesday for the first time since September 5. ZEC now trades at about $966, down 15.4% in 24 hours and 24.8% in a week.

ZEC has been one of this year’s best performers. It rose from about $526 on January 1 to a closing high of $1,653 on September 26. We checked the 20 largest coins on Binance, and ZEC fell the most over both the day and the week, even though it is still up 89% in 2026.

Trader 0x8742 opened a 10x long on 18,000 $ZEC ($17.63M) and is now down over $2.8M.

Liquidation price: $895.46.https://t.co/azzt3xvmay pic.twitter.com/wczndt7doC.

— Lookonchain (@lookonchain) November 11, 2026.

So why are the markets spooked, and why is ZEC taking the hardest hit?

It has been revealed that inflation came in hot. The consumer price index (CPI) rose 0.4% in October, above the 0.3% economists expected. Core prices, which leave out food and energy, rose 0.3% against a 0.2% forecast.

According to recent reports, that reading crossed a line the Fed had drawn. Fed Governor Christopher Waller said in a speech hours before the report that core inflation of about 0.3% would make a half-point hike in December worth considering.

Recent findings suggest that traders took him at his word. On Polymarket, the odds of a hike of 0.5 percentage point or more in December went from 4.4% just before the report to 12.8% two hours later. They sit at 9.4% now, while a standard quarter-point hike is priced at 85.5%.

Recent findings suggest that higher rates hurt crypto in a simple way. They make cash and bonds pay more, so money flows out of riskier bets. On Tuesday, the 10-year U.S. Treasury yield rose from 4.86% to 4.98%.

Market Intelligence: Crypto Analyst Predicts Best Low-Cap Crypto.

It has been revealed that ZEC had the most to give back. We compared the price changes of 20 large coins on Binance over the past week and since January 1.

According to recent reports, when markets get nervous, traders tend to sell what has made them the most money. ZEC has fallen 41% from its September 26 closing high of $1,653.

Borrowed money made the drop faster. On Hyperliquid, ZEC fell from $1,199.20 to $965.79 in less than a day. Lookonchain counted 32 traders holding more than $1 million each in leveraged bets on a rising ZEC price. Of those, 27 are now losing money, with about $23.7 million in paper losses between them.

It has been revealed that sharp drops have not always lasted. Since January 2025, ZEC has fallen 12% or more in a single day 14 times on Binance. Seven days later, it was higher eight times, with a median gain of 6.5%.

EXPLORE: Fed Meeting Today: Traders Price a 95% Hold and a 79% December Hike. What Does It Mean for Crypto?

ZEC trades at about $966. It touched $961.07 on Wednesday, its lowest price since September 4.

On the daily chart, where each candle covers one day, ZEC has fallen below its 50-day exponential moving average (EMA), an average that gives recent prices more weight, at $1,200.68. It is still above its 200-day EMA at $872.23.

For Bitcoin, the line to watch is Tuesday’s low of $72,727. Below that, $68,902, the August 20 low, is the next support.

So, why is crypto crashing? A hot inflation report raised the odds of a bigger Fed hike, and ZEC’s leveraged bulls are paying the most for it. A daily close back above $1,050 would be the first sign the selling is easing.

Market Intelligence: Crypto Analyst Reveals Upcoming Binance Listings.

It has been revealed that disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.

According to recent reports, this website provides educational content only. Cryptocurrency and investing involve significant risk, never invest more than you can afford to lose, and always do your own research or seek professional advice. Content is intended for adults only. Gambling laws differ by country; please follow local regulations. By using this site, you agree to our terms. We may include affiliate links, but these do not affect our ratings or recommendations. Crypto promotions here are not authorized under the UK Financial Promotions Regime and are not intended for UK consumers.

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Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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Writer by choice, CryptoCurrency Writer, and Researcher by chance. Presently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

The Microsoft 365 outage is not completely fixed, but services have improved steadily over the past few hours, according to Microsoft’s latest update. The company said availability is now showing lasting gains across affected services, though some owners may still face patchy connections or delayed emails. Microsoft said its work is now focused on clearing the remaining problems and making sure service is consistent for everyone. It is testing recovery across different access methods, such as Outlook on the web, desktop and mobile, and watching closely to confirm the improvements hold. Some features linked to Exchange Online, including Copilot’s access to work data, Teams calendar functions and external file sharing in SharePoint, may still be affected for some users. Microsoft again said there is no evidence of malicious activity and will publish a full report on the cause once the matter is fully resolved. Its next update is due at 4 pm UTC, or 9:30 pm IST on Friday.

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Ethereum’s “store-of-value” narrative is gaining traction lately.

Looking at the broader picture, there are several factors that are leading to increased risk sentiment in the U.S. market.

Whether it be fears over an AI bubble, high-interest rates, CPI figures, or the aftermath of the mid-term elections, Bitcoin is heading toward its worst annual cycle since the 2022 bear market, with year-to-date losses approaching 17% in 2026.

Keeping this in mind, while Ethereum has suffered nearly twice Bitcoin’s losses and is looking at its worst year since 2022, co-founder Joseph Lubin is bullish over the future potential of Ethereum as an inflationary hedge.

Highlighting several key trends on-chain, he says that Ethereum has long-term potential to outperform both Bitcoin and gold as a store of value.

Industry observers note that one of the main reasons for his argument is because of the DeFi ecosystem, stablecoins, and smart contracts on Ethereum. These allow ETH to have a stronger utility base compared to Bitcoin and gold.

In addition, with AI adoption accelerating, Ethereum could also see rising demand for its network infrastructure.

Ethereum’s inflation-hedge narrative faces a key test.

As previously mentioned, the U.S. market is facing a range of risks. This has made this one of the most volatile times for investors. So far, Ethereum has had trouble attracting risk capital, falling almost 30% during Q4 compared to Bitcoin, which has fallen only 17%.

This puts Joseph Lubin’s thesis under pressure, as Bitcoin continues to lead the store-of-value narrative while Ethereum struggles to keep up.

Gold, meanwhile, is also losing steam. The metal is trading in a technical downtrend with losses of more than 5% so far in Q4, as it has failed to move above $4,000. The most recent fall below this level has caused a loss of around $480 billion in market value in just 10 hours.

That stated, gold still has a clear “relative-strength” advantage over crypto.

In a recent development, as the chart above shows, the ETH/XAU ratio has lost more than 19% in Q4, demonstrating that Ethereum has failed to make any progress relative to gold. This becomes a key level to monitor. A breakout could result in better technical support for Lubin’s long-term thesis.

For now, Ethereum is struggling to outperform Bitcoin and gold right now. Despite rising staking participation and stronger network security, ETH is yet to translate these fundamentals into stronger capital inflows or relative price performance.

Ethereum is showing growing network participation, supporting Lubin’s store-of-value thesis.

Despite this, ETH continues to lag Bitcoin and gold, with the ETH/XAU ratio down over 19% in Q4.

Recent findings suggest that ritika Gupta is a coin-based journalist at AMBCrypto who focuses on how economic and political trends impact cryptocurrencies. A social sciences graduate from Gargi College, she reports on AI, DeFi, Web3, and blockchain, using her hands-on experience to turn complex crypto developments into clear, practical insights for readers.

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As XRP continues to struggle amid the broad crypto market volatility while failing in multiple attempts to recover, key on-chain metrics are pointing to increased selling pressure among traders.

While momentum remains extremely weak, latest data from crypto analytics platform, Cryptoquant, reveals that sellers have dominated both XRP’s spot and futures markets, putting it at risk of losing the long-held $1 mark.

Per the data, XRP’s cumulative volume delta (CVD) across major cryptocurrency exchanges shows that aggressive selling has dominated both its spot and futures market since September 23.

As of November 12, XRP’s Perpetual CVD on Binance has fallen from -$109 million to about -$1.1 billion. It is important to note that the CVD of an asset is a key metric that measures the difference between the volume of aggressive buy orders and aggressive sell orders over time.

While the metric turns negative when more traders are aggressively selling than buying, the -991 million negative balance in the Binance perpetual CVD signals stronger selling pressure.

With the negative balance on Binance exceeding its previous level by more than 10 times, this indicates that traders have placed significantly more market sell orders than buy orders, either by opening short positions or closing existing long positions.

Apart from its futures market, further data reveals that sellers have also dominated XRP’s spot activity across all major crypto exchanges, including Binance.

Notably, XRP’s All CEX Estimated Spot CVD moved from -$400 million to -$2.9 billion over the same period.

While this marks a $2.5 billion increase in the imbalance favoring sellers, it indicates that XRP spot traders have also been selling XRP more aggressively rather than buying, propelling the asset for further price declines.

Recent findings suggest that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Recent findings suggest that the US Department of Justice DOJ targets the stolen crypto from Binance after it secured court authorization to seize more than $1.2 billion in cryptocurrency stolen during the massive Binance hack in October. The announcement marks a significant development in the recovery effort, as authorities also revealed the disruption of a separate North Korean cybercrime operation that allegedly stole more than $400 million through deepfake-enabled scams.

The Binance theft, which occurred around October 29, involved more than $6 billion in digital assets, according to the DOJ. Government agencies and private-sector partners have since frozen more than $2.7 billion of the stolen funds, with the latest court action covering a portion of that amount.

The FBI attributed the Binance attack to TraderTraitor, a hacking operation linked to North Korea’s military. Investigators say the group stole more than $6 billion in virtual assets before moving the funds through cryptocurrency bridges, mixers, and exchanges in an attempt to obscure their origins.

The DOJ’s latest action allows authorities to seize or restrain more than $1.2 billion of the stolen cryptocurrency. However, this amount is included in the broader $2.7 billion already frozen through cooperation between US agencies and private companies. It does not represent an additional recovery.

US officials say the government is continuing to trace the remaining assets and coordinate with virtual asset service providers to prevent further movement of the stolen funds.

It has been revealed that binance previously estimated its losses at approximately $6.3 billion and committed company resources to cover the affected assets. On November 12, the exchange said it had completed that process and published an updated proof-of-reserves snapshot.

The DOJ described the recovery effort as a coordinated operation involving its National Security Division, Criminal Division, the FBI, and other law enforcement partners. Officials also emphasized that North Korea has relied on cryptocurrency theft to generate funds for its government and weapons programs.

Alongside the Binance-related enforcement action, the DOJ confirmed that authorities had seized cloud infrastructure used in a separate North Korean hacking campaign known as FaceStealer.

According to the department, the operation has resulted in more than $400 million in cryptocurrency theft over the past 18 months. Rather than relying solely on conventional phishing messages, the attackers used compromised accounts, recorded webcam footage, and AI-generated deepfakes to impersonate people familiar to their targets.

The scheme typically began with an invitation to an online meeting sent through an account previously stolen from another victim. Once the target joined, hackers played prerecorded footage or deepfake videos of people they recognized to establish trust.

The attackers would then introduce a fake technical problem, such as an audio malfunction, and instruct the victim to install software supposedly needed to resolve it. The download instead installed malware that provided access to the victim’s computer, cryptocurrency holdings, and other systems.

In some cases, attackers waited months or even more than a year after the initial compromise before stealing funds or taking control of communication accounts. The FBI also seized more than 900 webcam videos belonging to victims as part of the investigation.

The FaceStealer campaign extended beyond cryptocurrency investors and Web3 professionals. US authorities mentioned the hackers increasingly targeted developers responsible for maintaining open-source software, raising concerns about potential supply-chain attacks.

By compromising a developer’s computer or repository account, attackers could potentially introduce malicious code into software used by other individuals and organizations.

Recent findings suggest that the DOJ said the campaign appeared intended to exploit the trust placed in widely used software and professional relationships. The FBI’s investigation also identified attempts to use compromised accounts and contact lists to approach victims’ colleagues and personal connections.

Sources indicate that the seizure of FaceStealer infrastructure is intended to disrupt the operation and limit the attackers’ ability to continue targeting cryptocurrency owners and software developers. The FBI has also published guidance to help potential victims identify the scheme and respond to possible compromises.

Recent findings suggest that the two enforcement actions highlight the growing scale and sophistication of North Korean-linked cybercrime targeting the digital asset industry. While the Binance case demonstrates the financial impact of large-scale exchange breaches, FaceStealer illustrates how social engineering and deepfake technology can expose individuals and organizations to substantial losses.

Recent findings suggest that the recovery of the Binance funds also highlights the importance of cooperation between law enforcement agencies, exchanges, blockchain analytics firms, and other crypto service providers. However, freezing stolen assets does not automatically mean they have been returned to their rightful owners. Further legal proceedings and asset-tracing efforts remain necessary.

With more than $1.2 billion now covered by court-authorized seizure or restraint orders, US authorities have taken another step toward recovering funds connected to one of the largest cryptocurrency thefts on record. Meanwhile, the disruption of FaceStealer signals that investigators are also focusing on the techniques used to compromise individuals before funds are stolen.

Do you think the DOJ’s latest actions will make it harder for North Korean hackers to target cryptocurrency exchanges?

Could the growing use of AI-generated deepfakes make social engineering one of the biggest security threats facing the crypto industry?

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Michael is an editor at Bitcoinist, covering Bitcoin, blockchain technology, and the wider cryptocurrency industry. His editorial focus includes decentralized finance, digital assets, and blockchain adoption. He turns complex developments into clear, accessible coverage, helping readers understand the technology and the changes shaping the crypto landscape.

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Bad math makes headlines: real progress, a history of candlelight, and “the worst poverty analysis…ever seen”.

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Copilot AI predicts that following on from the bullish NYSE announcement, AVAX could skyrocket to unprecedented newly introduced heights by 2027.

It has been revealed that avalanche (AVAX) is trading near $8.40 after a sharp reaction to major institutional news, yet the upside potential could still be extraordinary. While the recent AVAX crypto bounce has captured attention, Bill Gates Microsoft Copilot AI predicts a hypothetical but transformative catalyst could propel AVAX into a completely different valuation regime.

According to recent reports, copilot AI asks us to picture this scenario: The NYSE’s planned 24/7 tokenized-securities platform not only receives full regulatory approval but also launches successfully on Avalanche. This model is swiftly adopted by other major global exchanges and clearinghouses.

(SOURCE: Copilot AI Predicts a Huge AVAX Crypto Move).

Within a few months, Avalanche becomes the preferred settlement and clearing layer for a significant portion of tokenized equities, ETFs, and eventually bonds across North America, Europe, and parts of Asia.

Institutions start holding and staking substantial amounts of AVAX for network security, fee payments, and preferential access to high-throughput subnets. This structural demand, coupled with increased network activity and fee burns, creates a powerful feedback loop that drives the token into a prolonged price discovery phase.

In a recent development, AVAX remains in a longer-term downtrend on higher timeframes but has shown constructive short-term behavior following the NYSE news. Price is currently consolidating near $8.30–$8.60 after reclaiming levels that had acted as resistance in prior sessions.

Key overhead hurdles sit around $9.00–$9.50 (cluster of moving averages and recent swing highs) and then the $10.50–$12.00 zone. A sustained break and hold above $10 would improve the intermediate structure and open measured-move targets toward previous cycle highs.

On the downside, support near $7.80–$8.20 remains important; holding this area keeps the recent recovery intact. Momentum indicators have improved from oversold conditions, and volume expanded on the NYSE-driven advance, suggesting the potential for further upside if institutional flows continue.

In an extreme adoption-driven scenario, Fibonacci extensions and multi-year base projections could theoretically support significantly higher levels once the broader crypto market turns risk-on.

Even against the current subdued market backdrop, the combination of a landmark institutional partnership and the hypothetical expansion of that model leaves room for an outsized outcome by early 2027.

BREAKING: Upcoming NYSE-affiliated tokenized securities platform’s core clearing and settlement layer will be built on top of Avalanche technology.

Avalanche will support the platform’s clearing firm, supporting the development of infrastructure for 24/7 trading, clearing, and… pic.twitter.com/LSzeFbGegN.

The most significant recent development is the New York Stock Exchange’s selection of Avalanche as the core ledger for clearing and settlement on its upcoming tokenized stock trading platform.

The announcement, which aims to enable round-the-clock trading and instant settlement (pending regulatory approval), triggered an immediate double-digit percentage rally in AVAX and marked one of the strongest institutional endorsements the network has received.

Additional positive momentum includes Charles Schwab adding Avalanche to its retail crypto trading offerings, continued institutional experimentation with Avalanche subnets (including products linked to major financial firms), and improving on-chain metrics such as rising DEX volumes and real-world asset activity in recent quarters.

These building blocks provide a foundation; if the NYSE initiative scales as hoped, they could compound into far greater demand for the native token.

By January 1, 2027, in this over-the-top bullish scenario, Avalanche (AVAX) could reach between $95 and $140, with a stretch target above $180 if tokenized securities settlement on the network scales globally.

This remains pure speculation and entertainment, not a realistic base-case outlook. The hypothetical catalyst would require extraordinary institutional coordination, but the focus should be on real announcements, such as the NYSE using Avalanche to launch tokenized stocks.

It has been revealed that EXPLORE: Meme Coin Supercycle? Best Picks for Q4.

Sources indicate that disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.

This website provides educational content only. Cryptocurrency and investing involve significant risk, never invest more than you can afford to lose, and always do your own research or seek professional advice. Content is intended for adults only. Gambling laws differ by country; please follow local regulations. By using this site, you agree to our terms. We may include affiliate links, but these do not affect our ratings or recommendations. Crypto promotions here are not authorized under the UK Financial Promotions Regime and are not intended for UK consumers.

Reproduction in whole or in part in any form or medium without express written permission of Coinspeaker LTD is prohibited.

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Despite a soft market backdrop, Solana DeFi tokens indicated relative strength, with Sanctum leading the pack.

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Sources indicate that 2026 hasn’t been a great year as far as security is concerned. Whether it is Bitget or Binance, every single episode this year has simply highlighted how vital it is.

It hasn’t been a great time for chipmakers around the world either. The latest news associated with Taiwan Semiconductor Manufacturing Manufacturer or TSMC is a case in point.

It has been revealed that TSMC is in the news today after hackers reportedly offered up private information linked to one of the company’s employees on an underground forum. According to the hacker, they have access to over 46,000 records right now. These records will be released publicly if the hackers aren’t paid 3 BTC or $214.7K within one week.

Here, it’s worth pointing out that the hacker in question isn’t exactly holding the information to ransom. At the time of writing, there hadn’t been any demands or efforts to blackmail. Instead, the hacker is looking for a buyer, any buyer, for the information in question.

Recent findings suggest that for its part, TSMC acknowledged that “data of some current and former employees was disclosed without authorization.” However, the tech giant was also quick to stress that there is no real evidence that any of its security systems were compromised. Its preliminary investigative report suggested that,.

… this data matches the data in the system service of a certain cloud service provider.

TSMC also clarified that the data in question wasn’t associated or linked with any clients or production.

Right now, the popular chipmaker is working with cloud service providers and cybersecurity agencies to better understand what happened. It is also taking measures to make sure this doesn’t happen again.

Here, it is worth clarifying that the present case isn’t exactly a traditional ransomware attack. Instead, it’s a simple case of data breach since no malware was used and TSMC hasn’t been locked out of its system.

According to recent reports, still, this is an industry that isn’t exactly latest to ransomware episodes. Back in 2023, for example, TSMC was targeted by the LockBit group who demanded $70M.

According to Black Kite’s ransomware report, for instance, there has been a 24% YoY increase in ransomware disclosures compared to the previous disclosure period. It also found,.

The threat actor ecosystem grew right alongside the victim count, reaching 127 active groups by the close of the period and 146 by June 2026.

Sources indicate that finally, the report in question also revealed that the manufacturing sector accounted for around 22% of all ransomware attacks. Professional, scientific, and medical services accounted for another 18% of the total share. The ransomware breach that targeted DaVita Inc. back in 2025 and affected over 2.7M patients is perhaps the most famous example of the same.

Sources indicate that the timing is interesting. Especially since news of this incident coincided with Nvidia hogging the headlines after CEO Jensen Huang resigned following an extramarital scandal. In fact, one can argue that the news has taken the spotlight off TSMC for now.

It has been revealed that as expected, this has had a corresponding effect on the sector, related industries, and their performances. For instance, the likes of IREN, Core Scientific, and TeraWulf all fell on the charts in the hours following the aforementioned resignation.

Jibin Mathew George is the Editor-in-Chief of AMBCrypto. With over 7 years of dedicated experience in the blockchain and digital asset sector, Jibin possesses a deep and nuanced understanding of the market's complexities. His expertise lies at the intersection of cryptocurrency and global macroeconomics, with a particular focus on the influence of political and fiscal policies.

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It has been revealed that AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

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CME FedWatch puts the implied chance of a Fed rate hike at 100% for the December 9 meeting, according to the November 12 snapshot. This is another source of pressure on Bitcoin, and there is a good chance the market is going to face its full effect.

Industry observers note that bitcoin and the cryptocurrency market in general aren't set in stone and are highly affected by the performance of traditional markets and the global economy. A rate hike directly affects the desire of investors to expose themselves to riskier assets like crypto.

It has been revealed that bitcoin has been going down rapidly even without the additional source of pressure from the Fed. The current BTC price drop appears to be mostly fueled by insufficient compensation for the risk: Bitcoin and crypto in general aren't as attractive as tech or AI stocks, so it is far better to get exposed to the latter ones.

Recent findings suggest that that is the bearish reading here. FedWatch reflects futures pricing, so the hike is already expected rather than guaranteed to become a fresh shock.

Bitcoin is trading at $72,744, below all the moving averages shown on the daily chart. A drop below $70,000 shouldn't necessarily trigger any substantial surge of selling pressure, considering how stretched the decline already looks.

The imbalance of inflows and outflows is still staggering in this reading of the market. The concern is that almost every top-15 crypto asset remains in endurance mode, facing persistent outflows fueled by security concerns, a retreat in investor sentiment and a lack of substantial recovery prospects.

Recent findings suggest that this view draws on Coinglass, CryptoQuant and SosoValue, which track derivatives, on-chain activity and ETF behavior respectively. The interpretation is that all three fields show outflows from digital assets alongside a growing supply of stablecoins.

Sources indicate that A full-blown recovery of the cryptocurrency market would need new catalysts and use cases. A potential burst of the AI bubble, with substantial losses for the largest market players, might push them towards digital assets. A transition is possible, but it's not guaranteed by any means.

The confirmation of a market recovery would only come if we witness higher highs and constant inflows into institutional products like ETFs.

Industry observers note that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Who Is Colette Kress, Jensen Huang’s Successor as Nvidia CEO?

According to recent reports, for the first time in 33 years, someone other than Jensen Huang is running Nvidia. And the person taking over is not an engineer, a chip designer, or a Silicon Valley founder.

Colette Kress, Nvidia's 59-year-old chief financial officer, was named interim CEO Thursday following Huang's abrupt resignation amid reports of extramarital affairs and allegations involving a suspected Chinese intelligence operative.

Kress will remain CFO while the board searches for a permanent replacement, according to Nvidia's regulatory filing. She inherits a manufacturer worth trillions of dollars, a shaken investor base, and a management structure built around one man.

In a recent development, kress joined Nvidia in September 2013, when it was primarily known for graphics cards used in video games. She arrived with nearly 25 years of financial experience across some of America's largest technology companies.

She spent eight years at Texas Instruments before joining Microsoft in 1997. During her 13-year tenure there, she became CFO of the Server and Tools division, overseeing financial strategy for Microsoft's enterprise computing business.

In 2010, she moved to Cisco as senior vice president and CFO of its Business Technology and Operations Finance organization, managing financial planning and business development across the networking giant's operations.

Kress holds a finance degree from the University of Arizona and an MBA from Southern Methodist University, according to her official biography.

Sources indicate that her move to Nvidia came with an unusual endorsement. Her two sons, then enthusiastic gamers, encouraged her to join the company responsible for the graphics chips powering their favorite games, according to Forbes.

Huang personally recruited her, explaining his vision for AI computing on a whiteboard during their discussions, Wired reported. At the time, Nvidia was the smallest tech giant Kress had worked for.

When Kress joined Nvidia, its annual revenue stood at approximately $4.13 billion. By fiscal 2026, that figure had reached $215.9 billion, an increase of more than 50 times.

Huang drove Nvidia's technological strategy, but Kress oversaw the finances supporting its expansion from gaming hardware into data centers and AI infrastructure.

Her tenure included Nvidia's $6.9 billion acquisition of networking specialist Mellanox and an increasingly aggressive strategy of investing in companies that purchase its computing hardware.

Those relationships now include CoreWeave, in which Nvidia invested another $2 billion in January. CoreWeave's rapid growth reflects enormous demand for Nvidia-powered computing, alongside the financial costs of building that infrastructure.

Kress also became Nvidia's principal financial voice to Wall Street, regularly explaining margins, chip demand and revenue forecasts during earnings calls.

Forbes ranked her among America's richest self-made women in 2026, with almost $750 million in Nvidia shares as of Wednesday's close.

Industry observers note that kress takes charge as Nvidia faces questions about the sustainability of AI infrastructure spending. Nvidia had already lost approximately $1.27 trillion in market value from its October peak before the board publicly revealed its investigation on Huang’s love affairs.

She must also navigate Washington's restrictions on advanced chip exports to China and scrutiny surrounding Nvidia's commercial relationships. The board has noted it has no reason to believe company secrets or U.S. national security were compromised in the allegations involving Huang.

According to recent reports, her financial expertise cannot entirely replace Huang's technical background or his personal relationships with developers, customers, and governments. Maintaining Nvidia's engineering leadership will require close coordination with the executives responsible for its chips and software.

Kress has promised to build on Huang's legacy, saying that “Nvidia's strength has always come from its people.”.

It has been revealed that her first major public test arrives Tuesday, November 17, when Nvidia reports its third-quarter fiscal 2027 earnings. The company has scheduled its results for approximately 1:20 p.m. Pacific, followed by an investor call at 2 p.m.

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North Korean hackers launch memecoins to launder funds stolen in the Binance hack, while xStocks intends to add hundreds of Hong Kong-listed equities in the coming weeks.

North Korean hackers created memecoins to launder cryptocurrency stolen in the $6.3 billion Binance hack, according to a report from blockchain analytics firm Elliptic.Between Nov. 5 and 7, the hackers created at least six tokens on NEAR and used liquidity pools on decentralized exchanges to move $430,000 of stolen funds between wallets, Elliptic stated. However, the tokens attracted almost no outside trading and were abandoned shortly after launch.

Elliptic said the same laundering technique was also used following the $1.5 billion Bybit hack in 2025, when North Korean-linked actors moved at least $24 million through a newly created token on the TRON blockchain.

It has been revealed that hong Kong’s wealthy investors are embracing crypto. (Chi Hung Wong).

Kraken parent Payward’s xStocks platform has added tokenized versions of more than 200 stocks listed in the United Kingdom and European Union.

Sources indicate that payward said the latest expansion brings xStocks’ offering to more than 1,500 tokenized assets. The company reported more than $45 billion in cumulative transaction volume and over 550,000 unique holders.

Payward said it prepares to add hundreds of Hong Kong-listed equities in the coming weeks.

Deputy Secretary for Financial Services Chan Ho-lim told FinTech Week the region will introduces a new licensing regime for virtual-asset trading, custody, advisory and management, via amendment bills that will be submitted to Legislative Council this year.

Police have arrested 22 people in a cross border money laundering investigation, that allegedly involved a over the counter crypto network that moved more than HKD$150 million (US$18 million) while attempting to obscure the origin of funds. Meanwhile, the US has sanctioned 41 entities allegedly linked to the Cambodia’s Prince Group, including a man named Qiu Yong, who is accused of running Hong Kong companies on behalf of the criminal organization.

South Korea’s Financial Services Commission (FSC) looks to allow crypto exchanges to suspend deposits and withdrawals when hacking is suspected, rather than waiting until a breach is confirmed.

The FSC remarked it would issue a no-action letter permitting preventive suspensions under certain conditions. Current rules prohibit exchanges from blocking withdrawals without legitimate grounds and explicitly allow restrictions only when a hacking incident is clearly established.

The regulator also called for round-the-clock monitoring and incident response, higher cold-wallet holdings, and stronger insurance coverage and reserves.

South Korean crypto exchange GOPAX declared on November 6 it was suspending trading, deposits and withdrawals and moving all user assets to cold wallets. The firm had received threatening emails that claimed a hack was imminent, and took the drastic step of putting everything on ice on the recommendation of financial authorities.

Japanese financial services giant Nomura Holdings is reportedly weighing a sale of its cryptocurrency subsidiary Laser Digital as Nomura’s European operations continue to post losses.

Nomura has held talks with potential buyers, including Marex Group but is yet to make a final decision and could keep the business.

Nomura’s European businesses posted a pretax loss of 7.4 billion yen ($46.5 million) in the quarter ended Sept. 30, 2026, their fourth consecutive quarterly loss. The company posted pretax profits in every other reporting region over the same period.

Thailand is examining new rules for ETFs and ICO investors (Sasint).

Thailand’s securities regulator has proposed capping daily stablecoin deposits and withdrawals at 5 million baht ($148,000) each per customer at regulated crypto operators.

Sources indicate that the limit would apply separately to deposits and withdrawals at each operator, Thailand’s Securities and Exchange Commission (SEC) remarked in a Thursday announcement. The regulator said the rules aim to curb money laundering, cybercrime and attempts to bypass cross-border money transfer rules.

The draft would bar stablecoin transfers to and from third-party wallets.

Sources indicate that thailand’s SEC will block access to Bitget from December 5. It has also proposed fresh tests for retail investors before allowing them to invest in ICOs. The tests would require knowledge of at least six areas including digital tokens and investor rights, blockchain technology, digital-asset wallets and distribution channels. The proposals will be up for comment until November 25. The SEC is also seeking feedback on new rules around margin loans and ETFs, but has ruled out allowing leveraged or crypto ETFs at this stage.

South Korean crypto firm Bithumb Asset, has invested $85 million into a luxury resort project in Hoi An in Vietnam being built by local real estate developer Asia Estate. Da Nang police have issued a warning about scams via “ghost” cryptocurrency projects that are really just ponzi schemes in disguise. They highlighted a fraud ring involving the DRK cryptocurrency project, led by Huynh Duc Van, 33, and seven accomplices, which was recently dealt with by law enforcement.

Nomura’s former head of crypto derivatives trading, John Kim, has joined Chicago-based DV Trading in Singapore to lead a latest discretionary crypto-trading team. A Singapore woman lost S$78,000 (US$60,391) in a four-month long crypto scam after someone posing as an insurance buyer “helped” her to set up a crypto wallet. She initially believed she was making money, before getting cleared out after she was directed to the little known Qevorinex platform. International bank communication network Swift argued at Singapore FinTech Festival for shared standards to prevent digital assets from fragmenting across incompatible systems.

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Anthropic researchers report that their AI agents successfully exploited 56% of vulnerable smart contracts.

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It has been revealed that yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.

According to recent reports, yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.

According to recent reports, yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.

Merlin stock jumped 54.5% to $1.49 after Q3 2026 earnings.

An $8.9 million USSOCOM order and $500,000 AFRICOM contract strengthen Merlin’s defense pipeline.

The $73.8 million GAAP profit included a $103.6 million non cash warrant again.

In a recent development, merlin stock just delivered the kind of rally that get traders excited and skeptics reaching for the financial statements. Shares of Merlin, Inc. (NASDAQ: MRLN) surged 54% to $1.49 in after hours trading on November 12, following its third quarter 2026 earnings announcement. The headline numbers looked impressive. However, there’s considerably more to this story than a sudden stock price explosion.

The autonomous aviation tech giant reported $73.8 million in GAAP net income, a dramatic turnaround from its $26.7 million loss during the same quarter last year. But that profit came with a rather significant footnote: a $103.6 million non cash gain from changes in the fair value of warrant liabilities. Strip away that accounting benefit, and the operational picture looks considerably less spectacular.

Industry observers note that merlin reported third quarter revenue of $3.46 million, compared with $1.92 million a year earlier. That’s meaningful growth, although the manufacturer remains far from profitability at the operating level.

It has been revealed that its adjusted EBITDA loss reached $24.1 million, compared with $13.6 million in Q3 2025. Interestingly, the loss improved from $27.8 million in the second quarter of 2026.

According to recent reports, operating expenses also climbed substantially. Research and development expenses reached $14.7 million, while general and administrative expenses totaled $12.9 million. The company recorded an operating loss of approximately $31.5 million.

Clearly, the accounting profit  shouldn’t be mistaken for an operational turnaround.

Here’s where the bullish argument gets interesting. Merlin secured an $8.9 million task order from U.S. Special Operations Command (USSOCOM) for the next phase of its C-130J autonomous flight program. The work advances the aircraft autonomy program into its integration phase.

Separately, U.S. Africa Command (AFRICOM) selected Merlin for a $500,000 contract supporting an autonomous casualty evacuation demonstration using a Cessna 208B Grand Caravan.

According to an optimistic X post, the C-130J integration process could take roughly six months, followed by ground and flight testing. These developments offer tangible contract opportunites, although successful execution remains essential.

We're firmly in the bull camp on $MRLN SOCOM and AFRICOM are paying to put Merlin's autonomy software to work on different aircraft and missions.SOCOM's $8.9m order funds C-130J integration and test preparation.Management expects roughly six months of integration. Ground and… pic.twitter.com/If7Cv7TSK9.

Merlin ended September with $161.6 million in cash, cash equivalents and short term investments, against $183.9 million at the end of June. The tech giant reported no debt.

It has been revealed that management now intends to bring 2027 operating expenses meaningfully below 2026 levels, concentrating spending on funded programs with clearer revenue opportunites. Its stated objective is to support operations into 2029 without additional capital raises.

In a recent development, meanwhile, bullish sentiment on X has intensified. One trader floated a $2.80 price target following the stock’s sharp advance, citing daily resistance breaks, trading volume and moving average reclaims. That’s an individual trading projection, not company guidance.

In a recent development, for Merlin stock, the real test isn’t whether traders can push another rally. It’s whether defense contracts translate into revenue while operating losses and cash consumption come under control.

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Kraken’s parent Payward is increasingly relying on businesses outside crypto trading to support its financial performance as weaker market activity weighs on transaction fees.

The company reported $487 million in total platform margin for the third quarter of 2026, representing a 12% decline from the same period last year. However, its expanding financial services operations helped offset some of the pressure, with revenue connected to client assets and access to products, data, and services accounting for a larger share of its business.

Payward also reported signs of improvement compared with the previous quarter, as total platform margin increased 12% and adjusted earnings recovered alongside a pickup in trading activity.

The third-quarter results reflect the challenges facing cryptocurrency exchanges as lower trading activity puts pressure on businesses that depend heavily on transaction fees.

Payward’s total platform margin reached $487 million, down 12% year over year. The firm uses this metric instead of adjusted revenue, deducting trading costs and staking rewards paid to customers.

In a recent development, the decline comes amid similar difficulties across the exchange industry. Coinbase reported a 35% year-over-year drop in third-quarter revenue, while Gemini Space Station recorded a 19% decline in revenue alongside a 73% fall in trading volumes.

These figures highlight why major crypto platforms are increasingly looking for ways to diversify their income rather than depend almost entirely on market activity and trading fees.

Payward’s expansion into financial services appears to be helping soften the impact of weaker cryptocurrency trading.

Income linked to client assets and access to products, data, and services accounted for 52% of the firm’s total platform margin in the third quarter, compared with 46% during the same period last year. The company has been developing several business lines beyond its core exchange operations, including banking, asset management, and Payward Services, which provides financial infrastructure to other businesses.

According to recent reports, its strategy also extends into traditional futures, equities, tokenized stocks, payments, custody, and lending. By broadening its offering, Payward aims to generate revenue from a wider range of financial activities, reducing its exposure to fluctuations in cryptocurrency trading volumes.

Sources indicate that the company has also identified artificial intelligence as a fifth business pillar. Its intends include developing a personal finance agent and investment funds connected to its xStocks tokenized equities platform.

Payward’s broader financial strategy also includes investments and discussions with established financial institutions.

In November, a fund affiliated with Payward and its clients purchased an undisclosed amount of AAVE tokens through secondary-market transactions. The move followed earlier discussions between the company and decentralized lending platform Aave about potential areas of cooperation.

The investment reflects Payward’s growing interest in decentralized finance and asset management, alongside its existing exchange and infrastructure operations. The tech giant has also explored partnerships with major banks. Payward reportedly held discussions with Wells Fargo about providing liquidity for cryptocurrency trading. Separate talks with BNY focused on a potential financial infrastructure partnership involving digital assets, custody, wealth management, trading, and payments.

These initiatives could help Payward strengthen its position in both traditional finance and the digital asset industry, although the discussions do not necessarily mean that formal agreements have been reached.

Although third-quarter performance remained below year-earlier levels, the latest figures indicate that Payward’s business improved compared with the second quarter.

Total platform margin increased 12% quarter over quarter, while adjusted earnings also moved higher as cryptocurrency trading activity recovered and income from client assets and services expanded.

Industry observers note that the improvement suggests that Payward’s diversification strategy is beginning to provide additional support during periods of weaker market activity. However, the annual revenue decline indicates that the firm’s core trading business remains exposed to broader cryptocurrency market conditions.

For Payward, the next challenge will be turning its growing range of financial services into a more consistent source of income while maintaining its position in the competitive crypto exchange market.

Do you think Payward’s expansion into banking, tokenized equities, and asset management can reduce its dependence on cryptocurrency trading?

Could Kraken’s broader financial services strategy give it an advantage over exchanges that continue to rely primarily on trading fees?

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Sources indicate that michael is an editor at Bitcoinist, covering Bitcoin, blockchain technology, and the wider cryptocurrency industry. His editorial focus includes decentralized finance, digital assets, and blockchain adoption. He turns complex developments into clear, accessible coverage, helping readers understand the technology and the changes shaping the crypto landscape.

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Recent findings suggest that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Dogecoin wallet 'MyDoge' has rolled out a quick update to address Bitcoin swap and send concerns affecting customers of its Classic Wallet, ahead of the planned release of version 3.1.2 this weekend.

Alex, CTO of MyDoge Wallet, unveiled the update, explaining that the team had pushed an interim fix to resolve the reported BTC transaction problems before the broader software release.

Pushed an patch to quickly address BTC swap/send concerns while using "Classic Wallet" before we release the full v3.1.2 this weekend Simply close / reopen the app and you should see: 3.1.1-652.1 or 3.1.1-652.2 in the "About MyDoge" settings.

According to the announcement, people do not need to manually download a separate update. Instead, they can simply close and reopen the MyDoge app to receive the latest version.

It has been revealed that customers can verify whether the upgrade has been applied by navigating to the "About MyDoge" section in the app settings. The expected version numbers are 3.1.1-652.1 or 3.1.1-652.2.

In Dogecoin ecosystem news, DogeOS is nearing mainnet launch, bringing an EVM-compatible app layer to DOGE that would let developers build DeFi, games and other apps on Dogecoin for the first time.

In October, DogeOS opened a public test network for Ethereum-style trading, lending and other applications using DOGE, seeking to give Dogecoin holders more ways to use their coins beyond payments and price speculation.

In a recent post on X, Dogecoin Foundation director of product Timothy Stebbing shared a Dogecoin ecosystem 2026 enhancement.

Stebbing predicts that the next three to four years for Dogecoin are likely to be shaped more by the development and adoption of smart-contract application layers than by large, pre-emptive changes to Dogecoin’s base protocol. He cited DogeOS as an early and visible example of that direction. If it and similar efforts succeed in attracting sustained developer activity and real usage while continuing to treat Dogecoin as the settlement and value-transfer foundation, Stebbing sees the ecosystem gaining additional utility without compromising the simplicity and reliability of the Layer 1.

However, the proposed mechanism for native proof verification on Dogecoin still requires community discussion and, ultimately, activation. Thus, adoption will depend on whether the resulting applications are useful enough that people choose to use them. None of these uncertainties change the underlying architectural advantage: the Layer 1 can remain a focused means of exchange while the surrounding ecosystem gains the capacity for richer functionality.

Sources indicate that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Nearly 40% of Hyperliquid’s daily active people trade through third-party frontends rather than the native UI.

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The data paint a complicated picture about user activity and the Monad ecosystem.

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AI-assisted summary, reviewed by NullTX editors.

It has been revealed that enjin holders vote through November 13 on moving Matrixchain to OpenGov on November 16. Here is how the 15 tracks, the 1,000 ENJ deposit and conviction voting work, and what the Relaychain vote shows.

Enjin's latest proposal deposit sounds steep at 1,000 ENJ. It's actually the cheap part.

According to recent reports, enjin holders have until today, November 13, to vote on moving the Matrixchain to the Fort Canning release. The referendum opened November 10. If it passes, the upgrade is targeted for November 16 at block #12,331,000, with the network moving from runtime 1.3.1 to 1.4.1. Enjin's Fort Canning announcement lays out the proposal, and the official changelog carries the technical detail.

The Relaychain has already made the jump. Referendum #16 approved its upgrade on October 28, and it went live on November 9. The Matrixchain vote is the second half of one upgrade, and it is the half that changes how Matrixchain makes decisions from then on.

Early coverage reported the schedule and the headline numbers: 15 tracks, 1,000 ENJ. The changelog and the governance portal show the mechanics behind them, and those mechanics change more than the headlines suggest.

Recent findings suggest that today, the Matrixchain runs its governance through the older Democracy, Council and Technical Committee pallets, the modules that handle proposals and votes. Fort Canning replaces all three with a newly introduced set: Referenda, Conviction Voting, Origins, Whitelist and the Enjin Fellowship. Under OpenGov, any account can submit a referendum on one of fifteen tracks, and from the moment the upgrade lands, Matrixchain's own upgrades go through that process.

A track is a lane for a particular kind of decision. Enjin's changelog describes the families: Root and the admin tracks for the highest-stakes changes, treasury tracks sized by how much a proposal would spend, and two special tracks, Referendum Killer and Referendum Canceller, for stopping a proposal that shouldn't proceed. Each track has its own deposit, approval curve and enactment period, and the Enjin Fellowship can fast-track time-sensitive proposals.

Splitting decisions this way means a small treasury request doesn't face the same bar as a change to the chain's core. Riskier tracks demand larger deposits and more support, while smaller ones move faster and cost less.

The submission deposit rises from 0.025 ENJ to 1,000 ENJ on every track, a 40,000-fold increase. The deposit is refunded when a referendum passes or is canceled, and it exists to deter spam. As an illustration, using the roughly $66 million market cap reported in early October, ENJ traded near three cents, which would put 1,000 ENJ around $33.

That is only the entry ticket. The cost that matters comes next. A referendum also needs a decision deposit before it moves into voting, and the changelog lists steep figures: 2,500,000 ENJ on Root and Fellowship Admin, 1,000,000 ENJ on the other admin tracks, and 2,500 to 250,000 ENJ on the treasury tracks. At the same illustrative price, the 2.5 million ENJ Root deposit comes to roughly $80,000, about 0.12% of the 2.02 billion ENJ total issuance.

So proposing is cheap, and pushing a proposal through is not. Anyone can raise an idea, but anyone who wants the network to vote on something big needs real stake in the outcome. The changelog says the same values apply on both chains, and Matrixchain adopts them for its fresh tracks.

According to recent reports, the best evidence of how these votes work comes from the Relaychain referendum that has already finished. Enjin's governance portal shows referendum #16 as finalised, approved on October 28 and enacted on November 9.

Industry observers note that the final tally on the page is small. Eleven voters cast 381,303.02 ENJ of conviction-weighted voting power, and all of it went to Aye: 100% in favor, 0 ENJ against. The page also shows raw, unweighted support of 271,303.2 ENJ, which it describes as the total balance backing the proposal and the figure the support curve uses. The conviction multiplier on the page runs from under 1x up to 6x.

Two numbers stand out. First, an entire chain upgrade passed with 271,303 ENJ of raw support, about 0.013% of the 2.02 billion ENJ total issuance, a figure worked out from the portal's number. Second, conviction added about 110,000 ENJ of weight on top of the raw balance, an average multiplier of roughly 1.4x. Voters picked up some extra weight, but most didn't lock their tokens for the long periods that earn the top multipliers.

Sources indicate that A 100% Aye result states little by itself. A scheduled upgrade with no organized opposition passes easily, and the tally shows how thin engagement was.

Fort Canning adds the safeguard that thin turnout calls for. A referendum now needs a minimum share of total ENJ voting in support. The changelog sets 0.5% on Root and the admin tracks, 0.005% to 0.125% on the treasury tracks, 0.1% for Referendum Killer and 0.05% for Referendum Canceller. Measured against 2.02 billion ENJ, that means about 10.1 million ENJ on Root, roughly 101,000 to 2.5 million on the treasury tracks, about 2.02 million to kill a referendum and about 1.01 million to cancel one.

Recent findings suggest that referendum #16's 271,303 ENJ of raw support would clear the lowest treasury floor of about 101,000 ENJ, but it would miss the Root floor by a factor of about 37. The page doesn't show which track the referendum used, and a runtime upgrade typically sits on a high-stakes track, so the Root comparison works as an illustration and not as a finding. The floors also didn't exist when #16 passed, since Fort Canning introduced them.

That is the real change. Under the new rules, 11 wallets can't carry a chain-level decision on their own. Low turnout means failure, and proposals that matter will need far more ENJ behind them. Enjin's changelog says Matrixchain upgrades go through OpenGov starting with this one, which suggests today's vote still runs on the current system, so the floors will first bite on the first OpenGov referendum.

Industry observers note that holders who haven't voted can still do so through Enjin's governance portal before the window closes. Voting locks tokens, so the lock length is worth checking first. Enjin's support article on voting explains the trade-off: the longer the lock, the more a vote counts, and tokens stay locked until the period ends.

In a recent development, node operators on the Matrixchain can wait for the result before upgrading, as Enjin has indicated, and then follow the changelog for the version to install. Relaychain operators already needed client version 1.8.1.

This vote is more about control than speed. OpenGov spreads decisions across tracks with deposits and support floors built for the weight of each choice, and it moves ENJ holders from voting on a handful of items to a standing governance system. The Relaychain's first vote showed how little participation it took under the old rules, and the first referenda after November 16 will show whether holders turn out for the upcoming ones. If most proposals stall at the decision deposit, the system costs too much. If they clear with a handful of voters, the floors aren't doing their job. Either result will tell holders what their ENJ can do.

According to recent reports, disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

In a recent development, will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

SlowMist claims five forged receipts with valid signatures let an attacker drain about $304,500 from Ankr's Ethereum bridge using one old Optimism deposit. Here is how the check failed.Every one of the five receipts was signed by the bridge's own trusted signer. Every one pointed to a deposit that had already been paid out.Five Withdrawals Against One Settled….

In a recent development, the SEC's crypto broker-dealer proposal, RIN 3235-AN48, is under White House review with no public text. Here is what the four named rules require today and what review means.Four rules written decades before Bitcoin existed are now sitting at the White House for a crypto rewrite, and nobody outside the SEC has seen a word of the draft. What is known is the….

Base's Denim upgrade replaced Flashblocks with five canonical blocks per second. What that means for sequencers, RPC providers and smart contract developers is where the real story sits.For about sixteen months, Base's fastest blocks were only promises. Since November 5, they are the ledger itself.Base Swaps Previews for Real BlocksDenim went live on Base ma….

The SEC's Division of Corporation Finance called Canton Coin a digital commodity on November 3. The ruling rests on two representations, including the absence of a "central party."The most key words in the SEC's Canton Coin letter aren't "digital commodity." They are the ones the staff put in front of that label: the conclusion holds "in reliance on th….

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

In a recent development, active accounts count crossed the 40,000 mark for the first time since July 2025. The surge comes when XRP struggles substantially, losing a major part of its value with the risk of losing the $1 price level.

Sources indicate that according to XRPScan, active accounts reached approximately 41,700, with the count measuring unique senders. Activity growth is substantial, but not record-breaking by any means: the all-time high sits at 106,000. The latest reading is above the 30-day average of 29,300 accounts.

The surge in account activity is most likely coming from elevated activity of retail investors who are trying to cover their losses and rapidly drop off XRP. Unfortunately, the account count alone doesn't reflect the seller activity accurately.

Growing activity could reflect growing fear among investors who are most likely moving funds to exchanges in order to liquidate their coins. Inflows and outflows most likely reflect usual trading and investment activities: investors constantly move funds into self-custody and to sell. The screenshots, however, don't separate those movements.

Price is already struggling, trading at around $1.0475, and could be teetering on the edge of the $1 threshold, which, if broken, essentially enables a rapid decrease.

The asset has reached the area of the previous recovery that will most likely push the market to the limit, as most traders want to break even on their positions rather than keep losing money.

Recent findings suggest that XRP is trading below all the moving averages shown on the chart, with the asset back near the area it traded in before the August recovery. The downtrend is way stronger than bullish reversal attempts XRP had in October.

Unfortunately, the market is brutal right now and clearly showing us some serious level of pressure. Network activity rises, but so does the bear market pressure, with a possibility of a further downturn that can make things worse than they already are.

The confirmation of a market recovery would only come if we witness specific signs of a bull run: higher highs and sustained buying. For now, that recovery is yet to be confirmed.

Recent findings suggest that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Nvidia, AMD, Broadcom: The AI Stock Winners and Losers After Jensen Huang’s Ousting.

Wall Street is picking winners and losers from Jensen Huang's departure from Nvidia, and the market is treating the chipmaker's competitors considerably better than companies tied to its business.

Nvidia shares fell 4.59% to $165.75 Thursday afternoon, recovering from an opening price of $151.01 and an intraday low of $148.80.

The rebound softened an initial collapse of more than 14%, but the stock remained firmly in negative territory.

The selloff followed Huang's immediate resignation as CEO, president, and board member after reports of extramarital affairs and allegations involving a suspected Chinese intelligence operative. Nvidia named CFO Colette Kress interim CEO, although the manufacturer has not established that corporate secrets were compromised.

It has been revealed that the stock was already in trouble before Huang stepped down. Nvidia had lost approximately $1.27 trillion in market capitalization between October 6 and November 6, raising questions about AI spending even before the leadership crisis intensified.

AMD climbed 5.79% to $584.89 after opening at $569.28, making it one of the clearest beneficiaries of Thursday's trading.

The manufacturer competes directly with Nvidia in AI accelerators, and uncertainty around Nvidia's leadership could make customers more interested in diversifying their chip suppliers.

Broadcom followed a similar trajectory, gaining 5.65% to $364.73 from an opening price of $356.80.

Unlike AMD, which competes through its own GPU products, Broadcom specializes in custom AI processors and networking technology, offering large customers a different way to reduce their dependence on Nvidia.

Google’s parent manufacturer Alphabet also advanced, rising 2.06% to $299.49 after opening at $293.77.

Google has been expanding its Tensor Processing Unit business, including two fresh AI chip systems unveiled Monday that target privacy-sensitive and memory-intensive workloads.

Those alternatives existed before Huang resigned, and Thursday's gains do not establish that Nvidia has lost customers. Investors may simply be pricing in better competitive opportunities if the leadership transition disrupts Nvidia's strategy or customer relationships.

Nvidia-backed CoreWeave suffered a much rougher session, falling 7.49% to $56.22 after opening at $50.91.

Its decline came just one day after the cloud provider surged 24.7% following quarterly revenue growth of 168%, so this may be just as much a correction after an explosive movement as it is a reaction to Huang’s ousting.

Industry observers note that in any case, the relationship between the companies helps explain the anxiety among investors. Nvidia invested another $2 billion in CoreWeave in January and has an initial $6.3 billion agreement to purchase unused computing capacity through April 2032, making it an investor, supplier, and customer of the same organization.

Any change in Nvidia's investment priorities could therefore affect CoreWeave beyond ordinary chip purchases, although neither company has unveiled changes to those agreements.

The pressure also reached the semiconductor supply chain. TSMC, which manufactures Nvidia's advanced processors, fell 1.15% to $408.61 after opening at $394.62, while memory supplier Micron lost 2.70%, trading at $789.43 after opening at $769.31.

SK Hynix, another major supplier of high-bandwidth memory used in AI hardware, declined 3% to $137.98 from an opening price of $134.25.

These companies depend on broader chip demand, however, so their losses cannot be attributed entirely to Nvidia's leadership problems.

For investors, the immediate concern is less about whether AI chips will stop selling and more about how Nvidia manages its partnerships, financing commitments, and product roadmap without the executive who built much of that network.

Recent findings suggest that nvidia's board has said it expects operations and customer commitments to continue without interruption. The manufacturer is scheduled to report quarterly earnings on November 17, with Kress now leading the business through its first earnings announcement since Huang's departure.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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For latest growth, crypto may need to shed tired norms like over-raising and the hoarding of investment resources.

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Ethereum rolls out Fusaka, setting the stage for a stronger blob fee market and renewed deflationary potential.

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The LendingProtocolV1_1 amendment on the XRP Ledger (XRPL) has collected 22 of 35 votes (62.86%).

Three more validators have signed on over the past three weeks. Ripple's own nodes have already voted yes, along with the University of Waterloo and UC Berkeley.

To go live, the amendment has to clear the 80% bar (29 votes) and hold it for two straight weeks.

The related SingleAssetVault amendment (XLS-65) has 23 votes (65.7%) and needs six more.

Sources indicate that the XLS-65 and XLS-66 standards drop overcollateralization and instant liquidations and let companies take out fixed-term, uncollateralized loans directly on XRPL. The loans work similarly to traditional bank credit, with a fixed term and pre-set interest terms.

Ripple has already tested the protocol on a private XRPL network with nine nodes that matched the hardware of its mainnet nodes.

Recent findings suggest that holders deposit XRP or stablecoins such as RLUSD into Single Asset Vaults and receive shares. Interest is paid on a cash basis. Depositors receive it only after the borrower has sent the money. Withdrawals from a vault are processed on a first-come, first-served basis.

It has been revealed that borrowers are vetted off-chain by Loan Brokers, who record each disbursement on the ledger. According to the XRPL documentation, the protocol "relies on off-chain underwriting and risk management to assess the creditworthiness of borrowers.".

The broker's own "first-loss capital" covers losses first when a client stops paying.

It has been revealed that issuers can also freeze assets or claw them back. According to Ripple, all operations in a vault and in the connected lending protocol stop when an asset issuer freezes the vault.

Until now, XRP holders who wanted passive income had to use third-party bridges and wrapped tokens. After the amendment activates, holders can deposit XRP in a pool on XRPL, with its fraction-of-a-cent fees, and collect part of the interest paid by borrowers. Their income will depend on the terms set by the loan broker and on borrowers' repayments.

If a major borrower defaults and the broker's first-loss capital runs out, depositors bear the losses and their shares drop in value.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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It has been revealed that bitcoin price crashes below the psychologically important $70,000 level for the first time since August, extending a broader crypto market sell-off as a stronger US dollar and rising expectations of another Federal Reserve rate hike weigh on investor sentiment. The decline triggered a wave of forced liquidations across derivatives markets, with more than $1.6 billion in leveraged positions wiped out over 24 hours.

Recent findings suggest that bitcoin (BTC) dropped as low as $67,770 on November 13, its weakest level since August 19, while Ethereum (ETH) briefly reached $1,900, marking its lowest price since August 18. The CoinDesk 20 Index also declined by 2%, reflecting the broader pressure across digital assets.

In a recent development, macroeconomic developments have become a major source of pressure for cryptocurrency markets. The US Dollar Index climbed above 103, reaching its highest level since April 2025, as traders adjusted their expectations for Federal Reserve policy following hotter-than-expected inflation data.

According to CME FedWatch figures, markets were pricing in an 88% probability of a 25-basis-point rate increase at the Fed’s December meeting. The remaining 12% reflected expectations of a larger, 50-basis-point increase.

It has been revealed that higher interest rates can weigh on assets such as Bitcoin because they make traditional interest-bearing investments more attractive. Rising bond yields and a stronger dollar have therefore added to the challenges facing digital assets.

The market downturn also coincided with Nvidia CEO Jensen Huang’s resignation, which sent shares of the technology organization down approximately 4%. Given Bitcoin’s recent correlation with technology stocks, renewed weakness in the sector added another source of selling pressure.

It has been revealed that the speed of Bitcoin’s decline triggered substantial losses among leveraged traders. CoinGlass data showed that approximately $1.64 billion in crypto positions were liquidated over 24 hours, with long positions accounting for nearly 89% of the total.

Sources indicate that bitcoin-related liquidations reached $916 million, including a significant concentration of bullish positions. Longs represented 95.2% of Bitcoin’s forced closures, while Ethereum recorded another $289 million in liquidations, with 89.5% coming from long positions.

The largest individual liquidation involved a Bitcoin long position worth approximately $31.1 million on Hyperliquid.

According to recent reports, derivatives activity also increased sharply during the sell-off. Crypto futures trading volume climbed 58.3% to $269.1 billion, while total open interest declined 4.6% to $120.2 billion. This combination suggests traders were closing positions and reducing exposure as prices moved lower.

Institutional flows have provided another indication of weakening demand. US spot Bitcoin ETFs recorded approximately $47.7 million in net withdrawals on Thursday, extending their losing streak to six consecutive sessions.

Recent findings suggest that the withdrawals brought cumulative outflows over that period to around $1.44 billion, according to data. Continued redemptions from these funds suggest that some investors are reducing their Bitcoin exposure amid the deteriorating market environment.

Industry observers note that meanwhile, traders are turning their attention to upcoming US economic data. October producer price figures are expected later on November 13, with economists forecasting a monthly increase of 0.4%. The Federal Reserve’s next policy meeting is scheduled for December 8–9, keeping interest-rate expectations firmly in focus.

Bitcoin’s break below $70,000 represents a significant deterioration in short-term market sentiment. The recent low near $67,770 is now an crucial level to watch, as another move below it could expose the market to further downside pressure.

A recovery above $70,000, meanwhile, would offer an initial indication that buyers are attempting to regain control. However, persistent ETF withdrawals, elevated liquidation activity, and uncertainty surrounding Federal Reserve policy could make a sustained recovery difficult.

The next direction may depend on whether macroeconomic developments ease pressure on risk assets and whether institutional demand begins to stabilize.

Do you think Bitcoin can recover above $70,000, or is another decline likely?

Will continued ETF outflows and expectations of higher interest rates push the crypto market into a deeper correction?

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According to recent reports, michael is an editor at Bitcoinist, covering Bitcoin, blockchain technology, and the wider cryptocurrency industry. His editorial focus includes decentralized finance, digital assets, and blockchain adoption. He turns complex developments into clear, accessible coverage, helping readers understand the technology and the changes shaping the crypto landscape.

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Futuristic DeFi is stuck inside the computer. An old idea might be its escape hatch.

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Illinois Crypto Tax Draws Unlikely Alliance of DOJ, Banks and DeFi.

An unusually broad coalition, spanning the U.S. Justice Department, Wall Street’s biggest lobby, the national Chamber of Commerce and a who’s-who of crypto firms, has thrown its weight behind a legal challenge to Illinois’ first-of-its-kind tax on digital asset transactions.

The groups filed briefs this month in Illinois state court supporting a lawsuit from the Crypto Council for Innovation and the Blockchain Association, which are asking a judge to strike down the state’s Digital Asset Tax Act and permanently block its enforcement.

The tax imposes a 0.2% levy on the full value of a digital asset every time an Illinois customer trades, transfers, or stores it through a broker, even when there’s no sale, gain, or change in ownership.

Critics have called it among the most punitive crypto taxes in the country, in part because Illinois imposes no comparable tax on dollars, gold, stocks or any other asset, and no other state has anything like it.

On Nov. 6, the Justice Department filed a statement of interest arguing the tax undermines federal policy and U.S. leadership in digital assets, calling it vague and discriminatory for singling out crypto for treatment no other asset faces.

It has been revealed that the U.S. Chamber of Commerce and the Securities Industry and Financial Markets Association, which represents hundreds of broker-dealers, banks and asset managers, filed an amicus brief warning the tax reaches well beyond crypto-native platforms to the traditional banks, custodians and advisers increasingly offering digital asset products.

A separate brief filed Nov. 11 brought together crypto’s heavy hitters, led by the DeFi Education Fund, Andreessen Horowitz, Paradigm and Uniswap, and including Aave Labs, Chainlink Labs, Solana Policy Institute, Phantom, Jito Labs, Multicoin Capital and Stand With Crypto.

Sources indicate that their filing argues the law’s definitions are so vague they could stretch to software developers and decentralized protocols that hold no customer funds and have no way to identify consumers or know where a transaction occurred. The brief noted an estimated 2.64 million Illinoisans hold digital assets, the fifth-highest total of any state.

“This tax is unclear, discriminatory, unconstitutional, and harmful to the future of finance,” CCI CEO Ji Hun Kim and Blockchain Association executive Ashok Pinto said in a joint statement.

The challenge dates to August. As Decrypt reported, Illinois agreed in October to pause the tax until July 1, 2027, buying time for the court fight now underway.

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Recent findings suggest that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

According to recent reports, according to Fidelity's Jurrien Timmer, the AI trade could be over, and the bull market we've witnessed has a lot of things to do and achieve in order to keep up the bullish pace. The trend continuation is possible, even though the stock market would have to carry more weight on its own.

Sources indicate that the AI 'bubble' appears to be reaching its logical conclusion: enormous funding of AI companies like OpenAI and Anthropic couldn't be endless, and with Anthropic coming closer to IPO, some existing investors might finally reap their rewards. Anthropic announced the launch of its IPO roadshow on November 10, with existing stockholders offering part of their holdings alongside newly issued shares.

The equal-weighted S&P 500 chart suggests a relatively healthier market environment, but as Timmer has mentioned, in a 'top-heavy market it may not be enough' to keep carrying the index up.

Crypto, on the other hand, might benefit from a transitional period on the market, even though it's not guaranteed by any means, as both risk tolerance and available funds appear to be running dry.

Industry observers note that the main barrier between Bitcoin and funds from the AI rotation is, as always, volatility and the safety of the cryptocurrency market. The digital assets industry is not the same as it was in the pre-AI era. More risks have arisen: cybersecurity, concerns about Bitcoin's quantum resistance and many other factors that can push fresh investments away.

Bitcoin will be the main asset to benefit from a transition if one happens after all.

The confirmation of a market recovery would only come if we witness specific signs of a bull run on Bitcoin and larger-cap altcoins: higher highs and constant inflows into institutional products like ETFs. Until everything comes together, the end of the AI trade and a rapid transition of funds to crypto looks very unlikely.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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The prediction market operator said the decision was mutual and followed 1789 Capital’s investment in rival Polymarket, denying political considerations.

In a recent development, prediction market platform Kalshi has ended its advisory relationship with Donald Trump Jr. after his venture capital firm increased its investment in rival Polymarket, Reuters reported Thursday.

In a recent development, A Kalshi spokesperson told Reuters that talks about ending Trump Jr.’s advisory role began in August, after Trump Jr.’s venture capital firm, 1789 Capital, took the lead on Polymarket’s $1 billion funding round. The round would value the tech giant at $21 billion, with 1789 Capital set to contribute about $300 million.

“We have mutually agreed to end Don’s advisory role after his firm’s significant investment in a competitor this past summer,” the spokesperson remarked.

In a recent development, trump Jr. joined Kalshi as a strategic adviser in January 2025 and received an equity stake reportedly worth $300,000 at the time, according to the Financial Times.

Recent findings suggest that kalshi’s spokesperson said political considerations played no role in the decision. Two people familiar with the matter told Reuters, however, that some within Kalshi had raised concerns about what Democrats’ midterm sweep of both chambers of Congress could mean for the manufacturer.

In a recent development, magazine: Are Alt-L1s over? Security, costs drive smaller chains to Ethereum.

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Writer by choice, CryptoCurrency Writer, and Researcher by chance. Presently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent findings suggest that writer by choice, CryptoCurrency Writer, and Researcher by chance. Presently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

In a recent development, writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

According to recent reports, microsoft 365 services are recovering, but the outage is not fully over, especially for consumers in Asia Pacific, including India. In its latest update, Microsoft mentioned recovery has widened in North America and held steady across much of Europe, with encouraging signs in Asia Pacific. However, some users there may still see intermittent access problems or delayed emails while the firm finishes repairs on the remaining affected systems. Microsoft said it is now focused on keeping restored servers stable, completing fixes in the last impacted areas and clearing the backlog of delayed emails. It is also checking that services work consistently across different ways of connecting, such as Outlook on the web, desktop and mobile. Features tied to Exchange Online, including mailboxes, Copilot’s access to work data and Teams calendars, remain affected for some users. Power Apps mobile users may also have trouble signing in, though the web version offers a workaround. The disruption has now lasted close to 20 hours.

Next Article : Merlin Stock Jumps 54% as Defense Contracts Fuel Bullish Outlook Despite $24M Loss.

Previous Article : Solana Price Struggles at $80 as Declining Open Interest Raises Fresh Concerns—What’s Next?

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Industry observers note that all opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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Money market indicators are flashing liquidity stress again as crypto underperforms equities.

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Leading crypto exchange Gemini has shared the names of the major crypto losers in the ongoing crypto market bloodbath.

Major crypto assets such as XRP and Ethereum (ETH) have seen double-digit percentage losses in the past week.

As per the most recent data shared by Gemini on the social media platform X, privacy-centric crypto asset Zcash (ZEC) has become the biggest crypto loser among the seven assets highlighted by the exchange.

As per the latest data, ZEC has seen a massive 22.67% drop over the past seven days, making it the worst-performing cryptocurrency among those shared by Gemini.

XRP, which is linked to Ripple, has seen an 18.89% drop over the past seven days. It is the second-biggest loser among the assets shared by Gemini.

Notably, the percentage drop in XRP is quite significant, considering it is one of the top crypto assets by market capitalization.

Recent findings suggest that ethereum (ETH), the world’s second-largest crypto asset, has also seen a major drop. ETH has seen a 13.98% drop over the past seven days.

Apart from XRP, ETH and ZEC, several other major crypto assets have seen major price drops amid this ongoing market downturn.

Sources indicate that ethena (ENA) has seen a 16.68% drop. It is the third-worst-performing cryptocurrency on Gemini's list.

Furthermore, Pump.fun (PUMP) has seen a 15.60% drop over the past seven days.

In a recent development, decentralized exchange token Uniswap (UNI) has seen a 13.82% drop. Furthermore, Hyperliquid (HYPE) has seen a 12.92% drop.

Notably, all seven crypto assets shared by Gemini have seen their prices drop by more than 12% over the past seven days.

In a recent development, this further illustrates the extent of the ongoing crypto sell-off. Notably, this sell-off has hit altcoins the hardest.

It has been revealed that it is quite interesting to see Zcash's performance since this privacy-centric cryptocurrency had a stellar rally in the past. It has attracted a lot of attention from investors throughout 2026.

However, the recent downturn has wiped out a lot of gains.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Strategy shares declined Thursday following MSCI’s decision to remove the organization from its indexes, as Bitcoin also fell amid a broader crypto market decline.

Shares of Michael Saylor’s Bitcoin treasury tech giant Strategy fell 6.49% on Thursday, closing at $114.41, a day after MSCI confirmed the company’s removal from its global equity indexes and amid a broader cryptocurrency market sell-off.

Recent findings suggest that on Wednesday, MSCI confirmed that Strategy would be removed from its global equity indexes after the Nov. 30 market close, a move that could trigger selling by funds tracking the benchmarks. JPMorgan previously estimated that the exclusion could result in roughly $2.8 billion in selling pressure.

Ryan Kirkley, CEO of Global Settlement Network, told Cointelegraph that MSCI’s decision could help distinguish Bitcoin treasury companies from traditional operating businesses and limit indirect cryptocurrency exposure for passive investors.

“Index inclusion meant ordinary passive investors, like someone holding a global index fund in their pension, were getting leveraged Bitcoin exposure they never chose. MSCI just fixed that,” he said.

Kirkley added that MSCI’s decision also raises broader questions about whether Bitcoin treasury companies should be classified alongside traditional operating businesses.

Sources indicate that in its Aug. 31 response to MSCI’s proposed rules, Strategy argued that the changes were a pretext for targeting digital asset treasury companies. It also downplayed the potential financial impact, saying MSCI-linked funds held approximately 13 million of its shares, representing just 3.1% of its basic shares outstanding.

The stock’s decline coincided with a broader cryptocurrency market sell-off. Bitcoin traded near $71,340 as of 4:08 p.m. ET on Thursday, down 4.3% over the past 24 hours, according to CoinGecko data. The total cryptocurrency market capitalization declined 3% to around $2.49 trillion.

Magazine: Bitcoin’s ‘best buying opportunity ever’ has arrived: Mark Moss.

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From passageways to penumbras: a history of private life.

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Renowned investor and Shark Tank personality Kevin O’Leary has shared his thoughts on the current cryptocurrency crash, stating that the crypto industry faces challenges that extend far beyond Bitcoin's dropping price.

Recent findings suggest that in particular, Mr. Wonderful, as O'Leary is better known, believes that one of the biggest problems the crypto industry faces is the lack of regulatory clarity in the United States. This prevents big financial firms from adopting blockchain and stablecoin technologies.

Sources indicate that according to O'Leary, institutional crypto adoption has slowed to a crawl. Companies are unwilling to invest any capital until there is clarity around regulations.

It has been revealed that "It's not just about Bitcoin in the crypto sell-off. The adoption of stablecoins and blockchain within institutions has slowed down. Companies are waiting for clarity on regulations," O'Leary wrote.

In a recent development, the billionaire investor shared that his manufacturer already utilizes Circle's USDC for treasury management and international settlements. However, many other companies are afraid to follow suit since their compliance teams aren't sure about the regulatory landscape.

Recent findings suggest that "We use USDC for treasury management and cross-border settlement. But many others won't do it till their compliance guys know the rules," O'Leary added.

Recent findings suggest that the famous investor focused on two major U.S. bills regarding cryptocurrency: the GENIUS Act and the CLARITY Act.

"We got the GENIUS Act going. We need the CLARITY Act for the rest," Kevin O'Leary concluded.

O'Leary has long raised concerns about the crypto space and the reasons why Bitcoin is not seeing more institutional investment yet.

For example, on Oct. 28, the billionaire investor named two main complications affecting Bitcoin. The first was regulatory uncertainty, and the second was the rising threat of quantum computing.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Industry groups argued in court filings that Illinois’ crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law.

The US Department of Justice, business and financial industry groups and a coalition of decentralized finance (DeFi) firms have backed a legal challenge to Illinois’ 0.2% digital asset tax, arguing that the measure unfairly targets cryptocurrency transactions and could impose taxes even when investors make no profit.

Industry observers note that over the past week, the Justice Department filed a statement of interest, while the US Chamber of Commerce and the Securities Industry and Financial Markets Association (SIFMA) submitted an amicus filing. A coalition that includes venture capital firms Andreessen Horowitz and Paradigm as well as crypto protocols Uniswap and Aave Labs also filed a brief, according to a Thursday announcement from the Blockchain Association and Crypto Council for Innovation.

The law, enacted in June, imposes a 0.2% tax on the value of digital assets exchanged, transferred or stored, regardless of whether a transaction generates a profit.

The Digital Chamber sued Illinois Attorney General Kwame Raoul and state revenue official David Harris in July, followed by a separate challenge from the Blockchain Association and Crypto Council for Innovation in August. Originally scheduled to take effect on Jan. 1, 2027, the tax was delayed until July 1, 2027, allowing more time for the legal challenges.

In a recent development, illinois had projected the digital asset tax would generate $60 million in fiscal year 2027 revenue, according to estimates from the governor’s budget office. Illinois House Speaker Emanuel “Chris” Welch previously promoted the measure as part of a broader affordability agenda aimed at “closing corporate loopholes and making significant tech companies and crypto billionaires pay their fair share,” the Chicago Tribune reported in July.

Lawmakers involved in advancing the legislation and the governor’s office did not respond to Cointelegraph’s requests for comment before publication.

Related: France advances stablecoin tax, eyes self-custodial wallets and exit tax proposals.

In a Nov. 6 court filing, SIFMA and the US Chamber of Commerce warned that Illinois’ tax would affect banks, broker-dealers, custodians and asset managers across the country, potentially exposing them to significant compliance costs. They also highlighted the financial burden on customers.

“This means that a customer who loses money owes the same tax as a customer who earns a profit,” the filing mentioned. “And a customer who moves the same asset between two accounts faces tax (potentially on both ends) without a sale, a gain, or a change in beneficial ownership.”.

The groups said firms would need to develop systems to identify Illinois customers, value digital assets and determine which transactions are taxable, while facing potential criminal penalties for violations.

They also argued that the tax discriminates against digital asset services because comparable transactions involving traditional assets are not taxed in the same way, potentially violating federal internet tax protections and constitutional requirements for interstate commerce and uniform taxation.

The Justice Department also weighed in on Nov. 6, saying that Illinois’ digital asset tax undermines federal efforts to promote cryptocurrency innovation and US leadership in the sector.

In a recent development, the filing cited the creation of a Strategic Bitcoin Reserve and the GENIUS Act, which established federal rules for stablecoins. The DOJ argued that less favorable tax treatment for digital assets could conflict with those policies.

Industry observers note that separately, the DeFi coalition warned about who could be held responsible for collecting the tax. In a Nov. 11 filing, the group argued that Illinois’ proposed rules could impose obligations on software developers and other blockchain participants who lack customer information, control over user funds or the ability to collect taxes.

Magazine: Should you leave Australia to avoid paying 47% tax on crypto gains?

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Solana is moving closer to traditional financial markets following a major announcement from the Depository Trust & Clearing Corporation (DTCC).

As institutional interest in Solana continues expanding, the Wall Street infrastructure giant has revealed prepares to connect its tokenization service to the blockchain, potentially bringing regulated securities onto the network in 2027.

The announcement, published on November 12, marks another significant development in the growing relationship between cryptocurrency infrastructure and traditional finance.

DTCC aims to make eligible assets held by its subsidiary, The Depository Trust Company (DTC), available in tokenized form on Solana during the second half of 2027.

For Solana, the development could strengthen its position in the emerging market for tokenized real-world assets.

According to the official DTCC announcement, the tech giant intends to integrate Solana into its existing Tokenization Service.

The service rolled out on October 28, enabling eligible securities held at DTC to be represented digitally while maintaining the ownership rights and investor protections associated with traditional financial assets.

Its planned expansion to Solana could allow participating institutions to convert eligible securities into blockchain-based representations and manage their lifecycle through the network.

The announcement is particularly notable because DTCC operates at the center of the US financial system.

In 2025, its subsidiaries processed securities transactions valued at approximately $4.7 quadrillion, while DTC provided custody and asset servicing for securities valued at $114 trillion.

These figures demonstrate the scale of DTCC’s existing operations, although they do not represent assets committed to Solana.

Frank La Salla, DTCC’s president and CEO, described the initiative as an effort to expand institutional access to regulated tokenized assets while preserving established market protections.

Meanwhile, Brian Steele, president of DTCC Clearing & Securities Services, emphasized that tokenized securities available through the service would retain their existing ownership rights and regulatory safeguards.

The integration is expected in the second half of 2027, meaning the announcement represents a future expansion rather than an immediate transfer of Wall Street securities onto Solana.

Tokenization allows traditional assets, including eligible stocks, exchange-traded funds, and government securities, to be represented on blockchain networks.

Supporters believe this technology could improve settlement efficiency, simplify collateral transfers, and enable more flexible asset management.

For Solana, attracting regulated financial infrastructure could be an important step toward broader institutional adoption.

The blockchain is already known for relatively low transaction costs and fast processing, characteristics that could support applications requiring frequent asset transfers.

The Solana Foundation has also emphasized the network’s growing role in institutional finance.

Nick Ducoff, the foundation’s general manager of institutional business, said the planned DTCC connection would bring established financial infrastructure closer to an ecosystem already supporting real-world financial activity.

We believe the most crucial development is not simply the possibility of additional tokenized assets, but the credibility that participation by a major financial infrastructure provider could bring to Solana.

This could encourage more financial institutions to examine the network for settlement, collateral management, and tokenized investment products.

However, the potential implications for SOL’s price require careful consideration.

Although transactions on Solana generally use SOL for network fees, greater tokenized asset activity does not automatically translate into a proportional increase in demand for the cryptocurrency.

Institutional adoption would need to generate sustained network activity, liquidity, and demand for SOL to create a meaningful longer-term market effect.

The real-world asset market has become an increasingly notable area of blockchain development.

Rather than focusing exclusively on cryptocurrency trading, financial institutions are exploring how blockchain infrastructure can support traditional investment products.

DTCC’s tokenization service could eventually connect these two markets more directly.

In a recent development, the service initially launched with integrations involving the Canton Network and DTCC’s private Besu network. Adding Solana would expand the range of blockchain environments available to eligible participants.

This multi-network strategy is vital because it suggests institutions may prefer interoperability rather than relying on a single blockchain.

Solana could benefit from being included among the networks selected to support regulated financial activity.

Nevertheless, several questions remain unanswered.

DTCC has not disclosed how much value could eventually be tokenized on Solana, which institutions will use the integration, or the exact securities that will become available.

Participation will also remain subject to the service’s regulatory and operational requirements.

For investors following Solana ecosystem growth, these details will be vital indicators of whether the announcement translates into measurable adoption.

The next milestones will include technical integration progress, announcements from participating institutions, and the eventual availability of eligible tokenized assets.

While the integration remains scheduled for 2027, the announcement reinforces a broader trend: major financial infrastructure providers are increasingly exploring public blockchain networks.

For Solana, that could prove more important over the long term than any immediate reaction in SOL’s price.

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It has been revealed that michael is an editor at Bitcoinist, covering Bitcoin, blockchain technology, and the wider cryptocurrency industry. His editorial focus includes decentralized finance, digital assets, and blockchain adoption. He turns complex developments into clear, accessible coverage, helping readers understand the technology and the changes shaping the crypto landscape.

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AI-assisted summary, reviewed by NullTX editors.

Paying a Bittensor subnet with gamma burns its alpha token. Here is how gamma gets minted, how the lower-price rule works and why the credit can never be converted back.Pay a Bittensor subnet for an AI answer with gamma, and your payment vanishes. The alpha token behind it gets burned, the credit gets spent, and nobody can redeem either one.

Sources indicate that using a subnet's service today usually means creating an account, adding funds and collecting an API key, and every additional subnet repeats the routine. Opentensor declared gamma to cut that friction. With gamma, a Bittensor wallet handles both access and payment across any subnet that adopts the standard.The mechanics are laid out in the gamma guide in the subtensor docs. Gamma is a credit a subnet can accept as payment, valued in US dollars. A customer gets it by burning that subnet's alpha token, and each dollar of burned alpha value mints one gamma, so a burn valued at $100 creates 100 gamma.Each balance stays tied to the subnet where it was created. Gamma minted for subnet 51 can't pay for a service on any other subnet. Root switches the system on network-wide, and each subnet owner or lease beneficiary then enables it for their own subnet.

According to recent reports, customers have two ways in. They can pay with TAO, and the protocol buys the subnet’s alpha and burns it in a single transaction. Or they can pay with alpha they already hold on that subnet, and the protocol burns it directly to create gamma.

Setup takes four steps. The customer creates a fresh hotkey that will act as an API key, associates it with their coldkey, looks up the service they want and mints. The docs give the command: btcli gamma mint --netuid 51 --hotkey API_KEY --amount-tao 10 --service-hotkey SERVICE_HOTKEY. The TAO route follows the same pool and flow accounting as stake-burn and creates no stake position. Owners who hold stake can burn it with mint-gamma-with-stake, and --amount-alpha all burns the whole position.

The gamma lands in a deposit. Each deposit belongs to the minting coldkey and is keyed by the API-key hotkey, which signs the customer's requests. A hotkey holds at most one deposit per subnet, and a coldkey holds at most 64 per subnet. The docs warn against reusing a staking hotkey or a coldkey, because requests signed with the key get paid from the deposit.A few guardrails apply. A mint must reach at least 0.1 gamma. By default, the SDK quotes the mint first and fails it if the result lands more than 5% below the quote. The mint also needs a TAO/USD price no older than 300 blocks, about an hour.

Gamma’s valuation rule decides how much credit a burn buys. The protocol values the burned alpha in TAO, then converts that figure to dollars through an on-chain TAO/USD price feed. The TAO value equals alpha multiplied by the lower of two prices, the gamma price and the spot price, which the docs write as alpha × min(gamma price, spot price).

Every subnet keeps a gamma price. When a subnet registers, the price starts at the median alpha price across subnets. After that it moves asymmetrically. If spot falls, the gamma price falls to match at once. If spot rises, the gamma price climbs slowly toward it, closing a small slice of the gap each block, so the gap halves every 600 blocks, roughly two hours. However high spot jumps, the gamma price can at most double every 600 blocks.An example demonstrates the effect. Say a user burns 100 alpha when spot sits at 0.05 TAO but the gamma price lags at 0.04. The mint uses 0.04, which gives 4 TAO of value, and at $400 per TAO that mints 1,600 gamma. Had the gamma price caught up, the same burn would mint 2,000, so the lag costs the burner 400 gamma. A short-lived pump buys no extra credit. The figures are illustrative, but the rule comes straight from the docs.The TAO/USD feed gets similar damping. A root-controlled oracle supplies the price, and the accepted price falls to a lower feed immediately but rises at most 66 parts per million per block, about 2% an hour. The docs admit the oracle is trusted: its accepted price can climb up to roughly 61% a day until root replaces or removes it.One more detail matters. The docs say alpha is valued at these prices, not at what selling it would return, so a burn that is large relative to the pool is worth more than a sale would be. A big burner gets credit for full value instead of a slipped sale price.Once minted, gamma holds its dollar value whether TAO or alpha prices rise or fall. Service providers still set their own prices.

Recent findings suggest that to use a service, a person or an AI agent signs a request with a hotkey from their Bittensor wallet. The subnet owner, or another authorized account, deducts the required credits from that hotkey's gamma balance before delivering the service. Nothing transfers to anyone. The designated spender calls `spend-gamma` with up to 512 entries per call, each naming a hotkey, an amount and a 32-byte reference, and the spent gamma is destroyed on the spot.The reference doubles as a receipt. By convention it holds the service's own ID for the request being paid, returned with the response, so the customer can match each spend to a specific request. The chain repeats the reference in its events and reads it nowhere else, so an entry sent twice spends twice.Customers keep control throughout. The minting coldkey can set a daily spend cap that refills linearly over 7,200 blocks, about a day, and a cap of zero pauses the deposit. The coldkey can also change the spender, keep separate deposits for different apps and agents, and top up an existing deposit without switching hotkeys. Because the coldkey can pause or redirect at any moment, services spend ahead: they spend what they are about to serve, then serve what was spent. A spender can hand this right to a `GammaSpend` proxy, which can make no other call.Both minting and spending leave public records on-chain, so anyone can audit how much credit a subnet has created and how much customers have used.

In a recent development, the limits are strict. Gamma can't be transferred to another wallet, and it can't be converted back into alpha or TAO. It confers no claim on any party and can't be redeemed. Each subnet chooses whether, and at what prices, it accepts its own gamma.

The docs flag the sharpest risk directly: dissolving or pruning a subnet destroys all of its gamma, and holders receive nothing. A customer who prepaid a large deposit to a subnet that later shuts down loses it. Moving gamma between your own deposits is allowed, and a deposit opened under someone else's hotkey stays yours, since you can pull the gamma back at any time.A coldkey swap adds a few wrinkles. While one is confirmed, the coldkey's gamma calls are refused, though its spenders keep spending. After a subnet owner swaps coldkeys, deposits that name the old one keep it until the owner republishes its service.

Recent findings suggest that the docs answer the economic question in one sentence: spent gamma pays its spender nothing. The value of the burned alpha accrues to the subnet's alpha holders.

Industry observers note that that makes gamma a direct demand mechanism for alpha. Creating gamma always burns the subnet's alpha, which removes those tokens from circulation for good. When customers pay with TAO, the protocol first buys alpha from the subnet's pool, so TAO-funded purchases add buying pressure before the burn. Every dollar of AI usage ties a purchase of service credits to a burn of alpha.

A service operator earns through the alpha it holds and the emissions its subnet receives, not through a payment from customers. The structure rewards subnets that attract real usage, since usage shrinks their alpha supply.Two questions remain open. Customers get dollar-denominated credit, but the burn that funds it follows alpha prices, so heavy usage during a price spike may feel expensive. Holders also carry the dissolution risk, which will push careful buyers toward established subnets. Which services accept gamma, and at what price, will show whether this becomes a real payments layer or a niche tool. The mechanism is clear, and adoption is the unknown.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

Sources indicate that will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

Recent findings suggest that finCEN's November 6 order cuts US financial institutions off from MEXC Global, barring any transmittal of funds to or from the exchange. The order spells out what is banned, what MEXC is accused of, and how the exchange has answered.MEXC says user assets remain secure. The FinCEN order never suggested otherwise, and the gap between the exchange's reassurance….

Recent findings suggest that zetaChain's Governance Proposal 2 would halt its L1 around Dec 9, mint ZETA 1:1 on Solana and burn about 55M ZETA in monthly installments. Voting closes Nov 7.Headlines are calling it a 55 million ZETA burn. Read the proposal's own schedule, though, and nothing close to 55 million disappears on the day the chain halts. The figure is real, but it arrives in t….

In a recent development, eZAR opened its rand-pegged token to the public on November 2 with R303 million in circulation. Its reserve yield is the feature that puts the stablecoin label to the test.Most stablecoin debuts promise a token that never moves. eZAR's disclosures say its holders can make money or lose it. The rand-pegged token went live to the public on November 2, and it….

On-chain data shows the attacker behind the $6.3 billion Binance theft depositing about $4 million into three Binance deposit addresses. At the same time, Binance's first post-hack reserve snapshot shows its biggest assets covered with buffers as small as 2.7 ETH and $6 of USDT. Binance's full zero-knowledge proof of those figures is due by Tuesday.Some of t….

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A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Industry observers note that A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing latest insights lie within the prime focus of my task.

In a recent development, A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing newly introduced insights lie within the prime focus of my task.

Solana struggles to defend the 77–80 support zone as bearish EMA signals and a potential death cross point to further downside risks.

SOL open interest has plunged from $7.6 billion to $4.8 billion, highlighting reduced trader participation and fading confidence in a near-term recovery.

It has been revealed that solana is struggling to hold the $80 mark as persistent selling pressure continues to weigh on its price. After reaching highs near $123 in October, the token has been steadily plunging, with the decline pushing it below the support range. The SOL price is now trading around a crucial support zone between $77 and $80, raising concerns about whether buyers can prevent another breakdown.

Sources indicate that the weakness is not limited to price action. Solana’s open interest has also dropped sharply, suggesting that traders are pulling back from the futures market as confidence in a near-term recovery fades. With both the technical structure and derivatives activity showing signs of weakness, the next move could be crucial for SOL.

Can Solana defend $80 and regain bullish momentum, or will weakening market participation leave the token exposed to another leg lower?

Solana’s technical outlook has weakened further, with a bearish moving-average crossover adding to the pressure on its price. The daily chart highlights the major EMAs converging, leaving SOL trading well below this cluster. This suggests that the broader trend remains firmly under sellers’ control, with the moving averages now acting as overhead resistance.

In a recent development, the chart also highlights a potential death cross, a bearish signal that forms when the 50-day moving average moves below the 200-day moving average. It often reflects a shift in longer-term momentum and can reinforce selling sentiment. Meanwhile, SOL is hovering around the $80 support zone, making this an important area for buyers to defend. A daily close below this range could expose the next supports at $70.11, $64.60 and $61.66.

It has been revealed that on the upside, reclaiming $80 would be an initial sign of improving buying interest. However, SOL would still need to move above the EMA cluster to show a meaningful improvement in its technical structure.

According to recent reports, solana’s declining price is being accompanied by a sharp drop in futures market activity, suggesting that traders are becoming more cautious. The open interest chart indicates that SOL futures exposure has fallen from approximately $7.6 billion to $4.8 billion as the token slipped from its October highs above $120.

Industry observers note that the simultaneous decline in price and open interest suggests that traders are closing existing positions rather than putting fresh capital into the market. With SOL struggling to hold $80, leveraged participants appear to be scaling back their exposure instead of betting on an immediate recovery.

Solana is facing pressure from both sides of the market, with its bearish technical structure and declining futures participation offering little evidence of a strong recovery. The $77 to $78 zone remains the immediate support to watch, while the EMA cluster stands as a major hurdle for buyers.

A daily close below $77 could expose SOL to further losses towards $70.11 and $64.60. On the other hand, holding above $80 and attracting fresh market participation could help stabilise the price. Until buyers regain control, however, the broader outlook remains tilted towards the downside.

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'A Massive Mistake': Tech, AI and Crypto Founders React to Jensen Huang’s Nvidia Exit.

Nvidia co-founder Jensen Huang is out as CEO after 33 years, and some of the loudest names in crypto and artificial intelligence think the company just made a spectacular mistake.

According to recent reports, on Thursday, Nvidia confirmed Huang’s resignation as president, CEO, and board member, and named longtime finance chief Colette Kress interim CEO. The move followed reports of two extramarital affairs, including one involving a businesswoman U.S. intelligence reportedly suspected of links to China, as well as concerns over a reported relationship with an Nvidia employee.

In a recent development, huang acknowledged being unfaithful to his wife in a message to employees on Sunday. Nvidia said in a board statement that it had no reason to believe its secrets or national security were compromised, and its independent investigation remains underway. The allegations about foreign intelligence have not established that Huang knowingly provided information to a foreign government.

But even without any leaks, the scandal was enough for the board to decide to let him go.

According to recent reports, the market did not welcome the transition. Nvidia shares fell 14% at Thursday’s opening bell; with more than $500 billion wiped from U.S. stocks in a single minute. The tech giant that was once the most valuable in the world has now fallen to third on that list.

Nvidia was already under pressure before the scandal, and Huang’s departure raised a particular problem for a firm built so closely around its founder: Who, exactly, can replace him?

Changpeng “CZ” Zhao, the Binance co-founder and one of crypto’s most influential executives, said “it's a mistake for Nvidia to let Jensen resign.” Bitcoin entrepreneur and former Kraken executive Dan Held agreed, writing, “He shouldn't have resigned,” and argued that Huang’s personal problems should be weighed against the tech giant he built.

It's a mistake for Nvidia to let Jensen resign.

— CZ 🔶 BNB (@cz_binance) November 12, 2026.

Sources indicate that erik Voorhees, who founded ShapeShift and privacy-focused AI platform Venice, was more confrontational. “The entire coup against Jensen Huang can be halted by asking a single question,” he wrote. “What evidence is there that Alice Huang is actually a Chinese spy? The answer, unsurprisingly, is absolutely zero.”.

Recent findings suggest that U.S. intelligence officials reportedly assessed Alice Huang as a Chinese intelligence asset, but Nvidia notes it has no reason to believe any secrets were compromised, and Singaporean authorities remarked they lacked sufficient evidence to establish that she committed a crime. As of today, no law enforcement agency has presented any hard evidence against Alice Huang.

Sources indicate that anthony Pompliano, the Bitcoin investor and commentator, moved the conversation from the boardroom to the technology itself. “Do not get distracted by the headlines,” he wrote. “Open-source AI is essential to the freedom of billions of people in the future.”.

Open-source AI is essential to the freedom of billions of people in the future.

— Anthony Pompliano 🌪 (@APompliano) November 12, 2026.

Industry observers note that surrounding it all is likely the most talked about conspiracy theory in the open-source AI sphere. The ousting was designed to hurt open-source developments, the speculation goes, since Nvidia is one of the leading voices in the open-source movement, which closed-source companies see as a threat.

For Voorhees, the controversy also prompted a practical question. “Is there a decentralized Hugging Face yet?” he asked, alluding to one of Huang’s stated commitments. In other words, the crypto solution to a potential platform bottleneck is to stop trusting a single platform.

That concern is more than a slogan for a founder whose Venice AI business is built around private access to open models. Voorhees previously told Decrypt that the antidote to excessive control over AI was “open-source decentralization.”.

Some developers saw a deeper threat in Huang’s departure: the loss of a powerful corporate champion of downloadable AI models, whose underlying parameters, or weights, can be run outside the companies that built them.

The worry is that an Nvidia without Huang could become less willing to confront firms that keep their most advanced models behind proprietary services.

Jun Song, an open-source AI advocate and hardware entrepreneur, alleged that OpenAI and Anthropic had spent millions lobbying Congress to restrict open weights. He pointed to a “Pace the Frontier” campaign and argued that Huang responded by building the Open Secure AI Alliance, ending his post with, “And today, we lost him.”.

OpenAI and Anthropic have spent millions lobbying the US Congress to ban open weights.

When they formed the "Pace the Frontier" group to push for strict limits on open models, Jensen stepped up right away.

He created the Open Secure Alliance to fight back.

Look at the list of… pic.twitter.com/OeasotcLO3.

In July, Nvidia joined Microsoft, IBM, Hugging Face, and dozens of other organizations to launch the Open Secure AI Alliance, which works on open AI security tools and standards. Nvidia also backed a letter defending open weights against broad restrictions.

The broader conspiracy claim needs, of course, much more evidence. The Pacing the Frontier initiative is a statement from employees at several AI companies seeking tools to slow dangerous frontier development, not proof of a joint corporate campaign to ban all open-weight models or remove Huang.

OpenAI subsequently signed the pro-open-weight letter, while Anthropic CEO Dario Amodei said explicitly that his manufacturer had never advocated such a ban.

Industry observers note that other posts on social media showed how much anxiety the debate had generated. A commenter replied to Song that they were now “counting on Huawei and Deepseek for the very survival of the OSS community.”.

Huawei and Deepseek are two major Chinese companies, known for their open-source developments.

I can't believe now I am counting on Huawei and Deepseek for the very survival of the OSS community. What a loss...

— Look4Newways (@sflk2026) November 12, 2026.

Sources indicate that the issue comes with a rather large business backdrop. Nvidia agreed in September to acquire the open-source AI repository Hugging Face for roughly $12.9 billion, subject to regulatory clearance, in a deal expected to close in the first half of 2027.

That arrangement could put both the hardware used to build AI and the largest hub used to distribute open models under one company’s influence—arguably, the most powerful company on earth.

Epic Games founder and CEO Tim Sweeney was among the highest-profile tech executives to condemn the exit. “A sad day for NVIDIA, developers, America, and all humanity,” he wrote, praising Huang for keeping innovation moving even as Nvidia grew into an enormous manufacturer.

Sources indicate that A sad day for NVIDIA, developers, America, and all humanity. Jensen founded and ran one of the few companies to reach a massive scale while driving massive continued innovation and ubiquity, while others fell into the trap of ever-increasing extraction. https://t.co/AkS5XT9HF8.

— Tim Sweeney (@TimSweeneyEpic) November 12, 2026.

Perplexity AI co-founder and CEO Aravind Srinivas took a more personal approach. “Thank you Jensen Huang for 33 years of bold leadership,” he wrote. He also credited Huang’s generosity toward other founders, including himself, for helping shape the future of American AI.

Industry observers note that peter Steinberger, creator of the open-source OpenClaw agent and now at OpenAI, argued that the decision felt rushed. “If that spy’s goal was to destabilize one of the most successful American companies, they achieved their goal,” he wrote on X. “Ousting Jensen feels rushed and not right.”.

If that Spy’s goal was to destabilize one of the most successful American companies, they achieved their goal. Ousting Jensen feels rushed and not right.

— Peter Steinberger (@steipete) November 12, 2026.

According to recent reports, financial commentator The Kobeissi Letter had urged the board to consult shareholders before any decision, arguing that there was no obvious replacement and citing research on the costs of ousting successful CEOs. After the announcement, the account called the resignation “the most costly mistake of the AI Revolution.”.

Former DWS executive and corporate-governance critic Desiree Fixler invoked directors’ fiduciary duty, saying the board should protect shareholders instead of indulging what she called a media frenzy.

Industry observers note that in general, most of the reactions were supportive, separating personal affairs from business. The corporate espionage angle has apparently not swayed tech enthusiasts.

Bitcoin and privacy advocate Neil Woodfine described Huang as a founder who had built Nvidia to the pinnacle and championed free, local AI, only to be displaced by a managerial establishment convinced it could do better.

This Jensen Huang thing is so ugly. Guy takes a company from zero to absolute pinnacle, through blood, sweat, and tears, a pure founder’s founder, great products, makes so many people rich beyond their imaginations, champions open free local AI, and then the incumbent modern….

— Neil Woodfine (@nwoodfine) November 12, 2026.

Industry observers note that not everyone outside that chorus thought the security questions could be set aside. North Dakota Republican Sen. Kevin Cramer had called for Huang’s exit, warning about the risk of blackmail and saying the internal investigation was insufficient. The concern from Washington has been largely uniform: the possibility of compromising pressure against the leader of a tech giant central to U.S. AI infrastructure.

Recent findings suggest that meanwhile, President Donald Trump has remained supportive of Huang: “He’s definitely suffering,” he told the press. “I think he’ll be in good shape.”.

Sources indicate that speculation about Huang’s next job spread just as promptly as criticism of his last one. Responding to an X user asking him to hire Huang, Elon Musk replied, “That would be an honor.”.

Nvidia says its board is searching for a permanent CEO from inside and outside the company, with Kress running the business in the meantime. Its next scheduled earnings report is November 17, the first major financial update investors will receive after Huang’s departure.

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According to recent reports, solana is currently trading at $83.66. The price is back in the area where its August rally started.

The fall in Solana's price that we are witnessing now is not a normal correction. The price has lost more than 30% of its value since September, when it traded at $125. Usually, corrections stop at around 10% for volatile assets, including cryptocurrencies. Here, the situation is different.

Recent findings suggest that by the end of October, Solana dropped below the black moving average on the chart, which represents the 200-day moving average, suggesting a long-term change of direction. The short-term moving averages crossing below the longer-term ones suggest the bearish trend is getting worse.

The upcoming support is at approximately $80, with a lower support at $72-$78. That range is where SOL spent the whole of July, before breaking out in mid-August. The $80 level is unlikely to hold under such severe pressure, so traders shouldn't be surprised to see SOL trading around $70.

With the spike in trading volume on November 10, we pretty much have confirmation that the downtrend is continuing.

Gram is trading at $1.244 after briefly dipping below $1 on November 9.

Fueled by Pavel Durov's comments on X, Gram received a substantial boost: 24% in three days, with the most recent daily candle showing a 9% surge.

Recent findings suggest that the bounce started thanks to the Telegram wallet updates and the further integration of blockchain technology directly into the messenger, along with speculative buying. Durov states that Telegram owners created more than 700,000 Gram wallets in the last 48 hours.

Record-breaking volume on November 10 could reflect concentrated buying, meaning that someone or some group targeted GRAM and put funds into it directly.

The price has already moved above the short green moving average, at around $1.21. Unfortunately, resistance is quite steep: the October-November trailing resistance is at around $1.25. Other moving averages present a chance for bears to play around $1.34 and $1.46.

In late September, GRAM spiked towards $1.73, but failed to hold that momentum and swiftly tumbled back below the black moving average.

The current bounce is mixed: both speculative and fundamental factors are fueling it, so its future is somewhat unclear.

It has been revealed that despite positive developments around Hyperliquid, such as listings on South Korean exchanges on November 10 and active buybacks, HYPE is diving. The asset lost around 14% over the week.

In a recent development, additionally, Hyperliquid saw a bounce to $97 after the October 29 announcement about Hyperliquid-based futures in the US. Unfortunately, it hasn't helped, with HYPE down almost $25 since then.

From a price perspective, the only positive outcome is the breakthrough of the 200 EMA back in August, which might become support at some point, though that has not happened yet.

Currently, Hyperliquid is stuck in the $70-$73 range. It seems unlikely to break out until it hits the 200 EMA at around $68 and bounces off it.

In a recent development, bitcoin is trading at $73,535, down 16% from its September peak. Unfortunately, the market is brutal right now and clearly reveals a serious level of pressure.

Recent findings suggest that bitcoin spot ETFs have lost around $1.6 billion since the beginning of November, though the dynamic is improving. According to Bloomberg's Eric Balchunas, only stock funds saw the biggest inflows, which suggests a continuing trend of outflows from digital gold in favor of more traditional assets.

A better time to buy Bitcoin could be tied to an overall market recovery, and therefore to a better market catalyst, which doesn't exist at this point.

The Anthropic IPO, growing demand for memory chips, and the rapid improvement of AI push investors away from the cryptocurrency industry, which has been in pain for the last two years, lacking catalysts, safety and use cases.

Sources indicate that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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The US securities clearinghouse looks to bring tokenized stocks to Solana in 2027, but analysts say restrictions could limit adoption.

Intends by the Depository Trust & Clearing Corporation’s (DTCC) to bring tokenized securities to Solana could attract more traditional financial institutions to the blockchain, but regulatory restrictions may limit the impact on the network, according to analysts.

DTCC revealed Thursday that it plans to connect its tokenization service to Solana in the second half of 2027. The move would allow certain securities held by its Depository Trust Organization (DTC) subsidiary to be turned into digital tokens on the network.

Solana is a blockchain known for its fast transactions and low fees, making it popular for crypto trading, especially memecoins. The network had about $4.94 billion in total value locked (TVL) as of Nov. 12, according to DefiLlama.

In a recent development, experts say the move could help Solana attract more activity beyond just memecoins, but it’s not clear how much fresh capital and transaction volume it could bring to the network. What’s more, current US regulatory rules still limit who can hold and transfer the tokenized assets.

Alex Lin, founding partner at venture capital firm Reforge, noted Solana’s history of handling large amounts of memecoin trading may have helped show that the network can support traditional financial activity.

Recent findings suggest that “Memes were a public stress test that gave Solana credibility that it can handle retail-scale volume cheaply and reliably,” Lin told Cointelegraph. “The casino paved the way for more institutional plumbing.”.

Sources indicate that however, under a December 2025 SEC no-action letter, DTC participants must register wallets to hold tokenized securities. The tokens can only be transferred between registered wallets, potentially limiting usage.

It has been revealed that “It’s overstated in the near term because the SEC relief from Dec 2025 keeps these tokens in a walled garden of registered DTC participants, so permissionless retail and DeFi liquidity can’t touch these tokens directly yet,” Lin stated. “Regulators need to let these assets work as true onchain collateral and that’s more policy than tech.”.

DTCC launched its tokenization service on the Canton Network and its private Besu network on Oct. 28, allowing certain securities to be turned into digital tokens while keeping the same investor protections. At launch, DTCC remarked 20 DTC participants had signed agreements to access the service, but it has not said whether any plan to use Solana.

Cointelegraph contacted DTCC and the Solana Foundation for additional comments but has not yet heard back.

Related: Robinhood’s Tenev warns US tokenization uncertainty deters ‘serious assets’.

Kha Nguyen, CEO and co-founder of blockchain analytics platform Birdeye, which tracks trading activity on Solana, stated the blockchain has already seen growing demand for tokenized stocks without DTCC’s involvement.

According to Birdeye’s H1 2026 report, tokenized-stock trading volume on Solana reached around $4.9 billion in the first half of the year, more than six times the volume recorded in the previous six months.

Birdeye’s third-quarter report also found that more than 1 million accounts held tokenized stocks on Solana by late September.

Still, broader trading activity on Solana has slowed with the network recording about 6.9 billion transactions in the 30 days ending Nov. 11, down almost 40% from the previous 30-day period, according to Token Terminal data. Meanwhile, trading volume on decentralized exchanges (DEXs) fell 34.4% to $39.1 billion, while monthly active addresses dropped nearly 13% to 45.8 million.

Industry observers note that network fees also fell 39% to about $17 million over the same period. However, the value of tokenized real-world assets (RWAs) on Solana rose almost 7% to $4.76 billion as of Nov. 11 – up from $4.46 billion on Oct. 12.

“By late September more than a million wallets had held a tokenized stock, and real-world assets on Solana had grown five times in a year,” Nguyen told Cointelegraph.

Nguyen remarked bringing more tokenized securities onto the network does not automatically mean more transactions or greater demand for Solana’s native cryptocurrency, SOL. “A trade is one transaction whether it moves $100 or $100 million,” Nguyen said. “What matters is turnover, not value parked on-chain.”.

In a recent development, nguyen noted DTCC’s integration would need support from banks and other financial firms to have a real impact on Solana. Institutions would also need enough liquidity to support large trades.

“Banks, brokers and issuers need to say they will problem, trade and settle there, and then do it,” Nguyen noted. He added that institutions would need to actively use the tokenized securities rather than simply hold them.

“The assets must be active, not idle: traded around the clock, used as collateral to borrow against, and earning yield,” Nguyen noted.

Lin agreed that the longer-term impact would depend on how the assets are used, rather than which blockchain they are issued on.

“No one cares where the assets are issued, but more so where they’re used,” Lin noted. “It’s all about where secondary trading and collateral activity will happen and ultimately settle.”.

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Recent findings suggest that nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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Industry observers note that nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Microsoft’s global outage has entered its second day, disrupting email services, workplace tools and AI platforms connected to Microsoft 365. Nearly 130,000 Outlook outage reports were recorded in the US, while more than 38,000 users reported Microsoft 365 issues. Disruptions have also been reported across 74 countries. The outage is affecting users trying to access emails, join work meetings and use AI tools. Claude and ChatGPT’s Microsoft 365 integrations are also experiencing problems due to disruptions in Microsoft’s services. Microsoft 365 serves more than 430 million users worldwide, making the outage a major disruption for businesses and individuals. Microsoft notes recovery efforts are underway, but its systems have yet to fully stabilize.

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Ripple-backed XRP treasury tech giant Evernorth Holdings (XRPN) is under extreme pressure as its shares have declined by over 40% while substantial investors like Ripple Labs move closer to potentially selling millions of shares.

Sources indicate that earlier this week, Evernorth filed a prospectus with the U.S. Securities and Exchange Commission (SEC), indicating that the XRP-focused manufacturer has registered a whopping 73,688,162 Class A shares for potential resale by existing shareholders.

Evernorth's prospectus comes as the XRP-focused tech giant is enduring a brutal stock market debut. XRPN began trading on Nasdaq on Oct. 12.

According to recent reports, on Nov. 10, Evernorth's stock price dropped 23.54%. XRPN ended the day at $7.96, compared to $10.41 in the previous trading session. Moreover, about 1.39 million shares were traded, which is a significant jump from about 369,000 shares on Nov. 9.

So far, Evernorth's share price has declined by around 48% from its closing price on Oct. 28 ($15.26). The magnitude of the decline is even greater if we consider the high share price on its debut day ($19.39). XRPN's stock price is down by around 59% from that high.

Some of the biggest names and companies linked to the XRP ecosystem are shareholders who have registered shares for potential sale, as per the prospectus filed with the SEC.

For instance, the biggest shareholder is Arrington XRP Capital Fund, which was a sponsor of the merger between Evernorth and Armada Acquisition Corp. II. It has about 33.82 million shares registered for possible resale.

Similarly, the second-largest shareholder is Ripple Labs, which has about 18.14 million shares registered. Then there are various entities linked to SBI Holdings, a big Japanese financial institution. They have 11.79 million shares registered, as per the prospectus filed with the SEC.

The Larsen Lam Children's Remainder Trust, which is linked to Ripple co-founder Chris Larsen, has about 7.15 million shares registered for possible sale.

Other names mentioned in the filing include Pantera Capital, GSR Markets Switzerland and Kraken parent firm Payward.

It is important to understand that the fact that they've registered shares for sale doesn't mean that these investors have sold their holdings or necessarily plan to sell them.

For example, Ripple, the Arrington-sponsored entity and a Larsen-linked entity are all subject to six-month lock-up agreements following the completion of Evernorth's business combination on Oct. 9.

These lock-up agreements are typically set to expire on April 9, 2027, with some exceptions.

Industry observers note that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Industry observers note that bitcoin fell to its lowest leve since Aug. 20 as tech stocks slid following the resignation of Nvidia CEO Jensen Huang.

Bitcoin (BTC) set latest multimonth lows after Thursday’s Wall Street open as selling pressure returned to the US stock market.

Sources indicate that data from TradingView showed BTC/USD dropping below $72,000 for the first time since Aug. 20 as month-to-date losses reached 7.4%.

Sources indicate that BTC/USD one-hour chart. Source: Cointelegraph/TradingView.

Turmoil at Nvidia following the immediate resignation of CEO Jensen Huang dragged stock markets downward, with NVDA falling nearly 13% at the Wall Street open.

“Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named,” the firm stated in a press release.

It has been revealed that nvidia stock one-week chart. Source: Cointelegraph/TradingView.

Economist Mohamed El-Erian described Huang’s resignation as a “significant development” that would have implications beyond Nvidia itself.

“The situation will remain in the spotlight, not only as the tech giant navigates the loss of its highly-influential founder, but also as various political investigations (formal and informal) unfold,” he wrote in an analysis.

Despite the selling pressure on Nvidia’s shares, the tech-heavy Nasdaq Composite Index avoided major losses at the open, trading 0.6% lower at the time of writing.

Nasdaq Composite Index one-day chart. Source: Cointelegraph/TradingView.

BTC/USD fell back below its 21-week simple moving average (SMA), which stood at $73,078 on Wednesday.

Sources indicate that BTC/USD one-day chart. Source: Cointelegraph/TradingView.

Assessing near-term macro volatility catalysts beyond Nvidia, Keith Alan, cofounder of crypto trading platform Material Indicators, highlighted Friday’s US Producer Price Index (PPI) release.

On Tuesday, the October print of the Consumer Price Index (CPI) came in above expectations, causing markets to price in more interest-rate hikes by the Federal Reserve.

“Fundamentally, a cool PPI report that lowers the odds of aggressive rate hikes in December/January could easily flip this script bullish,” Alan wrote on X. He added that if the PPI comes in line with market expectations, the spot price could move between nearby patches of exchange order-book liquidity.

The latest data from CoinGlass showed BTC/USD cutting through a patch of bid liquidity as 24-hour crypto liquidations hit $730 million.

BTC liquidation heatmap. Source: CoinGlass.

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Bitcoin could be entering a latest phase of adoption as artificial intelligence developers explore ways for autonomous software to make payments without human intervention.

While Bitcoin’s Lightning Network has traditionally focused on faster and cheaper transactions, Lightning Labs has introduced a latest technology called pi402 that allows AI coding agents to purchase computing services directly using BTC.

Declared on November 12, the open-source technology enables AI agents to pay for the computing power required to generate responses, analyze information, and perform other tasks.

The development could introduce a new source of Bitcoin payment activity as artificial intelligence becomes increasingly integrated into everyday digital services.

According to the official Lightning Labs announcement, pi402 allows AI coding agents to pay for inference directly through Bitcoin’s Lightning Network.

Inference refers to the computing process that occurs when an artificial intelligence model generates an answer or completes a task.

Traditionally, developers access these services through subscriptions, prepaid credits, or accounts linked to credit cards.

However, Lightning Labs believes this payment structure creates unnecessary obstacles for autonomous software.

With pi402, an AI agent can request access to a paid service, receive a payment invoice, complete the transaction using Bitcoin, and continue its work without requiring a person to approve each purchase.

The system uses Lightning’s L402 payment authentication protocol, which combines payment verification with access to digital services.

Once the payment is completed, the agent receives the credentials needed to access the requested computing resources.

The process can happen within seconds, potentially allowing AI applications to make numerous small transactions without relying on traditional banking infrastructure.

Lightning Labs also introduced usage-based billing capabilities, enabling service providers to charge for individual AI tokens rather than requiring customers to purchase large packages in advance.

The technology builds on earlier efforts to expand Bitcoin payment applications beyond conventional cryptocurrency transfers.

The most interesting implication of pi402 is the possibility that autonomous AI agents could become a new category of Bitcoin users.

As artificial intelligence applications become more sophisticated, software agents may increasingly need to purchase data, computing power, and access to other digital services.

Rather than requiring a traditional bank account, these agents could use Bitcoin wallets to complete payments automatically.

This could make the Lightning Network particularly attractive for micropayments.

Unlike conventional card-based payment systems, where fixed processing fees can make very small transactions uneconomical, Lightning supports payments denominated in tiny fractions of Bitcoin.

Lightning Labs explained that its technology can meter AI inference in millisatoshis, with one millisatoshi representing one-thousandth of a satoshi.

This level of precision allows developers to charge for extremely small units of computing activity.

From an investment perspective, growing payment activity could strengthen Bitcoin’s role as an internet-native financial network.

However, increased Lightning transactions would not automatically translate into higher BTC prices.

The longer-term market effect would depend on adoption, the amount of Bitcoin held in payment wallets, and whether demand for BTC grows alongside the services being purchased.

Nevertheless, the development introduces another potential use case at a time when institutional interest in Bitcoin adoption continues expanding.

Artificial intelligence and cryptocurrency have often been discussed as separate technology sectors.

However, autonomous payments could create an vital connection between them.

AI agents are increasingly capable of completing complex tasks, but paying for services remains a challenge because traditional financial systems generally require human identities, account registration, and payment authorization.

Bitcoin’s Lightning Network offers a different approach.

By allowing software to hold limited balances and complete transactions programmatically, developers can create applications that pay for services as they are needed.

The pi402 extension also supports spending controls, including per-request limits and daily budgets, helping developers restrict how much an agent can spend.

Lightning Labs has made the technology open source, allowing developers to experiment with newly introduced payment applications.

Widespread adoption would require more AI service providers to accept Lightning payments, while developers would need to address wallet security, liquidity management, and the volatility associated with Bitcoin.

Even so, the announcement represents another step toward integrating Bitcoin into emerging digital infrastructure.

For now, pi402 is a newly introduced developer tool rather than evidence of widespread commercial adoption.

But if autonomous AI agents eventually become major consumers of computing services, Bitcoin could find an increasingly important role in how those machines exchange value.

And that could strengthen its long-term utility far beyond the cryptocurrency trading market.

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Tron, Tether and Chainalysis Form a Fresh Crypto-Crime Task Force—Replacing One That Just Collapsed.

Tron, Tether, and blockchain analytics firm Chainalysis have launched a joint effort to hunt down and disrupt criminal activity involving the USDT stablecoin, just weeks after a nearly identical alliance, with a different analytics partner, quietly fell apart.

Confirmed Wednesday, the Digital Crime Task Force aims to identify illicit activity involving Tether’s USDT on the Tron blockchain and surface it for law enforcement before criminals can move their funds.

The pitch is a shift from reactive to proactive: rather than waiting for a victim to report a crime or an investigator to flag tainted funds, the group says it will proactively trace criminal networks and coordinate asset freezes, drawing on Chainalysis’s intelligence and AI-powered investigative tools. It will also accept tips and freeze requests from police.

“Criminals are using AI to move faster than ever, and waiting for a victim to report a crime is no longer good enough,” noted Tether CEO Paolo Ardoino, noting the company has frozen more than $7 billion tied to illicit activity while working with over 360 law enforcement agencies across 73 countries.

Tron founder Justin Sun framed it as protecting the millions who rely on USDT, which circulates on Tron to the tune of more than $94 billion.

Sources indicate that the notable wrinkle is what this fresh alliance replaces. Tron and Tether previously ran a similar operation, the T3 Financial Crime Unit, formed in 2024 with rival analytics firm TRM Labs and later joined by Binance. Together, the group froze more than $450 million in tainted assets.

Recent findings suggest that but Bloomberg reported earlier this month that T3 was quietly disbanded in late August, with people familiar citing slow response times and a lack of coordination among its members. Its collapse went public just days before the record $6.4 billion Binance hack.

Swapping TRM for Chainalysis is a pointed move, given the two are fierce competitors. Chainalysis has even sued the U.S. government over an ICE contract awarded to TRM without competitive bidding, underscoring the rivalry now running through crypto’s crime-fighting infrastructure.

The upcoming task force says it will target a broad sweep of threats, from romance and investment scams to stolen funds, terrorist financing, North Korean cyber operations, cartel money laundering and child-exploitation material.

The group also framed the effort around a coming era of autonomous AI agents transacting onchain, which it warned will open fresh avenues for criminal exploitation.

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Bitcoin Core developers have revealed three key security vulnerabilities, including a high-severity flaw that could potentially disrupt the mining capabilities of the Bitcoin network, preventing miners from creating new blocks.

Industry observers note that as revealed in security advisories published on Nov. 10, the vulnerabilities impacted various elements of the Bitcoin Core software that powers many nodes underpinning the world's leading cryptocurrency.

One of the vulnerabilities, titled CVE-2025-62861, was rated as a high-severity glitch due to its potential effect on Bitcoin miners.

The bug has the potential to create problems after a blockchain reorganization, which is when previously accepted blocks are replaced by the network with an alternative chain.

More precisely, the problem could cause an inconsistent state in the node's mempool, where all unconfirmed transactions are stored.

The vulnerability impacted Bitcoin Core software versions 28.0-28.2 and 29.0-29.1.

Sources indicate that it was first reported on Sept. 26, 2025, by security researcher Niklas Goegge.

Beyond the mining vulnerability, Bitcoin Core developers have revealed two further security problems, rated medium severity.

The first one (CVE-2025-62859) could enable malicious network participants to slow down Bitcoin block processing through an exploit that involves changes in transaction witness data.

Under some circumstances, it could make an affected node wait for up to 10 minutes before processing a block.

Moreover, such an attack could be repeated indefinitely on the node when the latter is running in specific configurations.

The vulnerability was found by Eugene Siegel in April 2025.

The second vulnerability (CVE-2025-62860) involved Bitcoin nodes that operate on the anonymous Tor network.

In fact, the Bitcoin Core developers revealed that thousands of reachable Bitcoin mainnet nodes had been granting permissions for incoming Tor connections.

Nevertheless, the concern did not affect nodes that do not use the optional whitelist configuration.

The three vulnerabilities are not new discoveries.

In fact, all of the issues were already fixed by the Bitcoin Core developers in October 2025.

It has been revealed that the fixes were integrated into both Bitcoin Core 30.0, which was released on Oct. 10, and Bitcoin Core 29.2, rolled out on Oct. 14.

The high-severity mining vulnerability was also patched in Bitcoin Core 28.3.

The delay in the disclosure of the vulnerabilities was in line with the Bitcoin Core security policy, which usually calls for developers to wait at least two weeks after the end of life of the last affected software version before publishing details of medium- or high-severity vulnerabilities.

Industry observers note that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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On Wednesday, Avalanche's price recorded a 4% gain on news of the newly introduced NYSE partnership.

AVAX is now trading at $8.54, up 2.7% over the past 24 hours despite a broader crypto market decline. The token's market cap also saw an increase of 2.8%, now sitting at $3.8 billion.

In a recent development, avalanche is a Layer 1 blockchain supporting decentralized applications and custom blockchain networks. It helps companies build their own infrastructure using the Avalanche network.

Over the last month, Avalanche's price has declined by more than 21%, bottoming out at about $7.82.

NYSE's looks involve using the Avalanche network as the settlement ledger for its upcoming tokenized securities platform. The launch is still in development as regulatory approval has yet to be received.

The platform will support 24-hour trading of tokenized stocks across multiple blockchains. NYSE will deploy its own custom Avalanche-based blockchain rather than using the public Avalanche network.

Tokenized assets on Avalanche currently sit at $1.7 billion, while the network has recently surpassed 1.6 billion transactions.

According to recent reports, this deal represents a major win for institutional adoption of Avalanche. However, it does not necessarily mean more demand for the native AVAX token.

After steadily declining since early October, AVAX is finally showing some signs of trend reversal.

According to recent reports, the $8.4-$8.5 range serves as an key support area. A breakout will pave the way for further recovery.

A drop below $8.37 would mean another fakeout, with a potential decline below the $8 level.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Anchorage Digital’s Stablecoins Can Now Settle Payments on Visa’s Network.

Anchorage Digital is extending its stablecoin reach into one of the world’s largest payment networks, teaming up with Visa to let select Anchorage-issued tokens settle transactions directly on VisaNet, starting with Western Union’s USDPT.

Under the arrangement announced Thursday, Visa and eligible companies can now use USDPT, a dollar-pegged stablecoin issued and custodied by Anchorage Digital Bank, to settle their obligations on the Visa network.

It’s the first Anchorage-issued token to gain that status, and the companies remarked the deal establishes a framework to add more of its stablecoins later.

Sources indicate that the appeal, Anchorage argues, is pairing the speed of a stablecoin with the backing of a regulated bank. Anchorage operates what it bills as America’s first federally chartered crypto bank, overseen by the Office of the Comptroller of the Currency.

“Speed alone won’t bring institutions onchain,” mentioned Nathan McCauley, Anchorage’s co-founder and CEO, arguing that institutions want “a regulated institution behind the money,” now getting both a stablecoin’s speed and a federally regulated bank’s safeguards.

The move is the latest sign of Visa weaving stablecoins into its settlement plumbing.

The payments giant has built out a stablecoin settlement program spanning networks like Base, Polygon and others, introduced a platform to help banks and fintech firms problem and move stablecoins, and has moved into onchain lending tied to its cards.

Dan Roesbery, a Visa vice president for crypto partnerships, framed the USDPT support as giving partners “another trusted, institution-grade option” for settling with Visa.

For Anchorage, the deal advances a broader ambition to become the settlement bank for stablecoins at institutional scale, not just issuing them but providing the custody and settlement rails underneath.

Recent findings suggest that the bank already complications a roster of institution-grade stablecoins, including Tether’s U.S.-regulated USAT, Western Union’s USDPT, Ethena’s USDtb and others, each redeemable one-to-one for dollars. Its counterparty settlement network, Atlas, handles off-exchange settlement, collateral management and cross-border transfers.

Sources indicate that anchorage also recently positioned itself as the custody backbone of the U.S.-Mexico stablecoin corridor, custodying tokens on both sides of one of the world’s largest remittance routes. Backing a token on Visa’s network, which reaches merchants and banks worldwide, extends that institutional footprint further into mainstream payments.

The companies noted support for additional Anchorage-issued stablecoins could follow the initial USDPT launch.

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According to recent reports, yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.

It has been revealed that yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.

Yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.

CHZ is testing the lower boundary of a long term descending channel near $0.0100-$0.01.59.

The first upside targets are $0.027 and $0.057, followed by $0.15 and $0.33.

The $0.95 level remains a distant chart target, conditional on a sustained bullish reversal.

The Chiliz price is sitting in a spot that deserves attention, but not blind optimism. On the weekly chart for Binance CHZ/USDT, the token is pressing against the lower boundary of a long running descending channel. That area has acted as a buying zone before. Whether buyers show up again is the question now.

The chart traces a broad downward channel from the 2021 peak, with price repeatedly making lower swings inside its boundaries. The latest move has brought CHZ back toward the channel floor and a marked support zone around $0.0100-$0.01059. A green band on the chart extends to roughly $0.013, highlighting the area being watched.

Recent findings suggest that that’s a location, not a confirmed reversal. The setup may offer an attractive risk reward profile on paper, but the chart alone doesn’t prove that demand will hold. A sustained loss of this floor would weaken the bullish case.

$CHZ Channel Bottom Attracting Buyers 👩‍💻Chiliz is trading near the lower border of the descending channel formation on the weekly timeframe – right where bulls have historically stepped in.The technical setup is increasingly promising for buyers in this zone, and the… pic.twitter.com/LYKwyztfPu.

In a recent development, if support holds and momentum turns, the chart marks $0.027 as the first upside target, followed by $0.057. Beyond those levels, resistance markers sit at $0.15 and $0.33, while $0.95 is the distant upper target. Those are chart projections, not guaranteed destinations. CHZ would need to reclaim each area rather than teleport there of enthusiasm.

Industry observers note that the descending channel’s upper boundary also matters. A move above it would provide a stronger technical signal than simply bouncing from support.

For now, the Chiliz price story is a test of the floor. Buyers have a clearly defined area to defend, while traders have equally clear levels to monitor overhead. Until price confirms a bounce or breaks support, calling a bottom would be getting ahead of the evidence. The chart is interesting, confirmation is still missing.

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In a recent post on social media, Dogecoin engineer Michi Lumin noted that a GitHub billing glitch affecting Dogecoin Core has been addressed, although uncertainty remains on how the expenses will be handled in the coming months.

Lumin disclosed that Dogecoin Core's GitHub account ran into billing concerns, which she resolved by personally paying the arrears and then switching the billing to herself.

According to recent reports, this situation follows major Dogecoin Core developer Patrick Lodder's absence on the 'core' front, with Lumin describing him as missing in action (MIA). However, Lumin clarified that this reflected her own personal experience and speculated that others might have remained in contact with him.

In a recent development, "So @dogecoin , Pat Lodder has gone MIA for months on the Core front (at least to ME. If others have talked to him, great!), and the Core GitHub has run into some billing challenges. I've paid the arrears personally and switched billing to myself," Lumin wrote.

@Doge_France @dogecoin as far as i know it was fees for CI workers or actions that they bill/meter. I've been reachable but that's a whole other kettle of bees around here. Either way, it's paid right now, so we'll see how next month goes and i'll address it then if i need to.

The enhancement from Lumin prompted a response from Dogecoin community member 'Doge France', who offered to contribute financially if assistance was needed, saying that keeping the Core GitHub infrastructure operational should be a priority.

Responding to the offer, Lumin explained that the outstanding charges appeared to be related to GitHub Actions or continuous integration (CI) workers, whose usage is billed according to consumption.

Sources indicate that although the immediate payment has been completed, Lumin stopped short of confirming a long-term funding arrangement for the Core GitHub. The developer stated the next billing cycle would provide a clearer picture, which will be addressed if necessary.

Recent findings suggest that "As far as i know, it was fees for CI workers or actions that they bill/meter. I've been reachable but that's a whole other kettle of bees around here. Either way, it's paid right now, so we'll see how next month goes and i'll address it then if i need to," Lumin wrote.

The Dogecoin Foundation, a non-profit organization for which Lumin serves as principal engineer, supports open-source development, advocacy, and community work for Dogecoin and relies primarily on community contributions for its funding.

In the past month, Dogecoin unveiled a consolidation across its ecosystem with the launch of Dogecoin Labs, which unites Dogecoin’s product teams, technology and applications.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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The US government has taken another major step toward recovering billions of dollars in stolen cryptocurrency, raising questions about how the assets could eventually return to the market.

As Bitcoin investors monitor government-linked crypto movements, the Department of Justice has revealed court authorization to seize or restrain more than $1.2 billion in digital assets connected to a massive cyberattack attributed to North Korean hackers.

The announcement, released on November 12, comes as federal investigators continue tracing funds stolen during an October attack involving more than $6 billion in cryptocurrency.

While the operation represents an important development for digital asset security, its potential implications for Bitcoin depend largely on what happens to the recovered funds.

According to the official Department of Justice announcement, US authorities have obtained court authorization to seize or restrain more than $1.2 billion in cryptocurrency linked to the October 29 attack.

The Justice Department said that government agencies and private-sector partners have collectively frozen more than $2.7 billion in stolen assets.

Investigators attributed the attack to TraderTraitor, a North Korean military-linked hacking group accused of stealing more than $6 billion in virtual assets.

The recovery effort involves cooperation between the FBI, the Justice Department, cryptocurrency service providers, and other federal agencies.

M. Scott Proctor, a senior Justice Department national security official, remarked the government intends to use its available legal tools to seize illicit proceeds and return them to their rightful owners.

However, the recovery process is far from complete.

Investigators are continuing to track assets moving through cryptocurrency bridges, mixers, and exchanges, highlighting the complexity of tracing funds across multiple blockchain networks.

The Department also unveiled action against a separate North Korean operation known as FaceStealer, which allegedly used deceptive video meetings and artificial intelligence-generated impersonations to steal more than $400 million over 18 months.

These developments underline the growing importance of blockchain security as cryptocurrency adoption expands.

The biggest question for cryptocurrency investors is whether recovered digital assets could eventually create selling pressure.

We believe the distinction between freezing, seizing, and selling cryptocurrency is especially notable.

A frozen asset cannot necessarily be transferred by its current holder, while a court-authorized seizure or restraint does not automatically mean that the government has liquidated the cryptocurrency.

Recovered funds may also become subject to forfeiture proceedings, during which courts determine ownership and the appropriate disposition of assets.

That means the $1.2 billion figure should not be interpreted as an upcoming government cryptocurrency sale.

It is also vital to recognize that the announcement covers virtual assets generally. The Justice Department did not establish that the entire amount consists of Bitcoin.

For BTC investors, the direct market impact would depend on whether Bitcoin is among the recovered assets, how much is involved, and whether any coins eventually reach exchanges.

We have previously examined how Bitcoin exchange activity can influence short-term price movements, particularly when large transfers coincide with declining market liquidity.

However, government custody of recovered cryptocurrency does not necessarily increase circulating supply or create immediate selling pressure.

If authorities return funds to victims, the recipients would determine whether to hold, transfer, or sell those assets.

Beyond its potential market implications, the operation highlights an notable development for the cryptocurrency industry.

Blockchain transactions can be traced, and cooperation between exchanges, blockchain investigators, and law enforcement can sometimes prevent stolen funds from moving beyond recovery.

The Justice Department’s ability to coordinate the freezing of billions of dollars in digital assets demonstrates the growing sophistication of cryptocurrency investigations.

This could become particularly relevant as institutional investors increase their exposure to Bitcoin and other digital assets.

Large financial institutions generally require reliable custody arrangements, risk-management procedures, and effective responses to financial crime.

Improved recovery mechanisms may help address some of those concerns, although they cannot eliminate the risks associated with cryptocurrency theft.

Meanwhile, discussions surrounding Bitcoin institutional adoption continue to highlight the importance of secure market infrastructure.

For Bitcoin, the longer-term implications could be more significant than any immediate price reaction.

A market in which authorities and service providers can more effectively trace stolen assets may become more attractive to investors who previously viewed cryptocurrency security as a major obstacle.

Nevertheless, the outcome of the current recovery effort remains uncertain.

The next developments to monitor include additional asset freezes, forfeiture proceedings, and any official announcements regarding the return or disposition of recovered funds.

For now, the government’s action represents a significant cryptocurrency enforcement development, but not evidence of an imminent $1.2 billion sell-off.

And for Bitcoin investors, that distinction matters.

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Michael is an editor at Bitcoinist, covering Bitcoin, blockchain technology, and the wider cryptocurrency industry. His editorial focus includes decentralized finance, digital assets, and blockchain adoption. He turns complex developments into clear, accessible coverage, helping readers understand the technology and the changes shaping the crypto landscape.

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Tether Gold Gets Clean KPMG Audit Confirming $2.2B in Physical Gold Backing.

Tether's gold-backed stablecoin, Tether Gold (XAUT), has completed its first full audit by KPMG, which found the token fully backed by physical gold, the company unveiled on Thursday.

KPMG issued an unqualified opinion on the financial statements of TG Commodities, which complications XAUT, for the year ended December 31, 2025. An unqualified, or "clean," opinion means the auditor found that the statements fairly present the company's financial position, without reservations.

Tether Gold (XAU₮) Becomes Tether’s Second Stablecoin to Complete a Substantial Four AuditLearn more: https://t.co/eO0asUwvlI.

As of the end of 2025, TG Commodities held 520,089.350 troy ounces of allocated gold, valued at $2.246 billion, against 520,089.300 XAUT tokens in glitch, according to Tether. The gold is held in vaults in Switzerland, and each token represents an ownership interest in gold on specific bars.

As part of the audit, KPMG physically counted and inspected every gold bar backing the token, rather than relying only on confirmations from custodians, Tether stated.

"KPMG counted every single bar as part of its Tether Gold audit," Tether CEO Paolo Ardoino stated, adding that he believes XAUT "is on track to become the first true competitor to the gold ETF market.".

In a recent development, the XAUT audit is Tether's second by a Significant Four firm. In August, KPMG issued a clean opinion on Tether International, the issuer of its flagship USDT stablecoin, in what the firm called the largest inaugural audit in history, Decrypt reported at the time.

It has been revealed that for years, Tether faced criticism for relying on quarterly attestations, which offer a snapshot of reserves at a single point in time, rather than a full audit of its finances. The company first said earlier this year that it was being audited by a Substantial Four firm without naming it, before confirming KPMG.

Sources indicate that tether still publishes quarterly attestations for USDT. Its latest, prepared by accounting firm BDO and covering the period to September 30, showed total reserve assets of $191.5 billion against $183.5 billion in liabilities, giving it an excess reserve buffer of almost $8 billion, according to the report. Tether stated it made $1.5 billion in net operating profit in the third quarter.

"These milestones advance the progress towards audits across the whole of Tether," noted chief financial officer Simon McWilliams.

Separately from the gold backing XAUT, Tether has also built up its own large gold reserves, and Ardoino has said it will keep adding to its stash, which it stores in a former nuclear bunker in Switzerland.

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Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.

It has been revealed that nvidia co-founder Jensen Huang resigned as president and CEO and stepped down from the company’s board on Thursday, effective immediately. The board named Chief Financial Officer Colette Kress interim CEO.

Recent findings suggest that kress will retain her role as CFO while Nvidia’s board considers internal and external candidates for the permanent CEO role. The board also appointed Harvey C. Jones its first chair and noted it expects Nvidia’s operations to proceed without interruption.

Nvidia shares fell more than 13% shortly after the US market opened on Thursday, trading at $151.00 as of 2:31 p.m. UTC, according to Yahoo Finance. Bitcoin (BTC) fell alongside Nvidia shares, dropping as much as 3.5% to a multimonth low.

The shares later pared losses to trade at $165 at 4:24 p.m. UTC, down 5% on the day. The stock was down more than 26% over the previous month.

Kress has served as Nvidia’s CFO since September 2013 and previously held finance positions at Cisco and Microsoft.

It has been revealed that nvidia is scheduled to report its fiscal 2027 third-quarter financial results on Nov. 17.

Huang’s departure comes just four days after Nvidia’s board announced an independent investigation amid reports that the firm’s co-founder had been targeted by a foreign intelligence effort.

The board noted it had no reason to believe US national security or Nvidia’s confidential information had been compromised, but would examine all available information.

Industry observers note that in a separate message to employees that day, Huang acknowledged an extramarital affair and apologized to his family and colleagues. He also pledged to cooperate with the investigation.

The Associated Press identified the woman involved in the affair as Alice Huang, a former executive at Singapore-based Megaspeed. The New York Times reported that US intelligence agencies had concluded she was passing information to Beijing. China has denied targeting Huang.

Industry observers note that on Tuesday, Nvidia’s independent directors retained former acting US Attorney Joon H. Kim and law firm Wachtell, Lipton, Rosen & Katz to conduct the inquiry.

On Wednesday, reports said Nvidia’s board was preparing to remove Huang as CEO.

Recent findings suggest that huang co-founded Nvidia in 1993 and served as its CEO for more than 33 years, overseeing its transformation from a graphics-chip maker into a leading supplier of AI processors. His departure marks the first CEO transition in the company’s history.

Sources indicate that nvidia’s market capitalization surged from approximately $57.5 billion at the end of 2016 to a peak of $5.5 trillion on Sept. 1, 2026, a nearly 96-fold increase, according to data from Stock Analysis.

Recent findings suggest that amid Nvidia’s sell-off, Huang’s estimated net worth fell to $140.6 billion as of 3:42 p.m. UTC Thursday from $162.2 billion on Nov. 9.

It has been revealed that house lawmakers still want to question Jensen Huang about his contacts with Alice Huang and Nvidia’s safeguards against foreign espionage, Rep. John Moolenaar noted Thursday.

“We are in discussions with him right now on a date to come and meet with us,” Moolenaar told reporters, according to Politico.

It has been revealed that moolenaar, who chairs the House Select Committee on China, and fellow committee chairs Rick Crawford and Brian Mast first requested a closed-door briefing in a Nov. 4 letter. They cited concerns about Beijing’s access to sensitive US technology and information and asked Huang to confirm by Nov. 11 whether he could attend on Nov. 18 or to propose another date.

Industry observers note that moolenaar said the lawmakers were prepared to subpoena Huang if they could not agree on a date. He also wants to determine whether Chinese intelligence gained access to sensitive information and examine Huang’s lobbying to ease US restrictions on advanced chip exports to China.

Rep. Gregory Meeks, the top Democrat on the House Foreign Affairs Committee, noted he was considering forming a subcommittee to investigate the matter when the newly introduced Congress convenes in January.

Magazine: Paraguay bank collapse shows stablecoins can offer a lifeline... of sorts.

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As the broad crypto market continues to face a prolonged downturn, it appears that South Korea's largest cryptocurrency exchange, Upbit, has seized the opportunity to stack up Shiba Inu at lower prices.

Latest data from blockchain intelligence firm Arkham indicates that Upbit has recorded a sharp increase in its Shiba Inu holdings as the exchange appears to have continued accumulating the asset.

Despite the market’s persistent downturn, Upbit has expanded its Shiba Inu holdings to hit 64.16 trillion Shiba Inu (SHIB) tokens as of November 11, 2026.

At Shiba Inu’s current price, the exchange’s total Shiba Inu holdings are now worth about $284 million, according to data from Arkham Intelligence, positioning the firm as one of Shiba Inu’s largest holders.

Further details showcased on the platform show that the tokens are held in wallets labeled as belonging to Upbit, suggesting continued accumulation.

Recent reports show that an August 2026 audit also confirmed that its SHIB reserves exceeded user liabilities, further indicating its strong exposure to the leading meme token.

Apart from Upbit, the data further shows that other large companies also hold large amounts of SHIB, but Upbit remains the largest SHIB holding entity among them.

Robinhood's largest cold wallet holds about 39.27 trillion SHIB, worth about $174.37 million at SHIB’s current price. This represents about 3.93% of the asset’s supply.

Although Upbit stands as SHIB’s largest holding entity, the data show that the SHIB burn address remains the largest holder, as it contains about 410.44 trillion SHIB, representing about 41.04% of SHIB’s total supply.

It has been revealed that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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AI-assisted summary, reviewed by NullTX editors.

SlowMist notes five forged receipts with valid signatures let an attacker drain about $304,500 from Ankr's Ethereum bridge using one old Optimism deposit. Here is how the check failed.Every one of the five receipts was signed by the bridge's own trusted signer. Every one pointed to a deposit that had already been paid out.

It has been revealed that on November 9, an attacker drained about $304,500 from Ankr's Ethereum cross-chain bridge. According to SlowMist's alert, the attacker built five forged receipts that all referenced a single legitimate Optimism transaction, changing the recipient, the token and the withdrawal amount in each one.

All five carried valid signatures from the bridge's trusted consensus signer.

Industry observers note that the reused transaction was tiny: a deposit of about 0.0044 ankrETH made on Optimism on November 3, which SlowMist's analysis says had already been redeemed on Ethereum the same day. Six days later, that one settled deposit was cited five times. The incident is recorded in the SlowMist Hacked database.Blockaid flagged the exploit as it unfolded, at about 08:42 UTC, with roughly $292,000 already gone. SlowMist followed at 09:14 UTC with the higher $304,500 estimate and an explanation of the forged receipts. Ankr paused withdrawals, and no recovery plan has been confirmed.

The design is common across lock-and-release bridges. A user deposits on the source chain, and an off-chain set of signers watches for that deposit and signs a receipt describing it. The destination contract, in this case Ankr's Ethereum bridge contract, checks that the receipt carries a valid signature and then releases the funds.That setup makes the signers the source of truth. The contract can't see Optimism, so it leans on the signature to prove the deposit happened. The weak point sits in the gap between "the signer signed this" and "this really happened." A contract that treats the first as proof of the second inherits every mistake the signing process makes.

SlowMist's finding is precise: the withdrawal function released assets without independently verifying the actual event on the source chain. A signature confirmed that the signer approved a message. It did not confirm that the message matched a deposit that existed, that was still unused, and that involved the same recipient, token and amount.The replay angle deserves attention, even though SlowMist's summary only implies it. A bridge normally marks each source event as consumed, keyed to something fixed like the source chain, transaction hash and log index, so it can be paid out once. If replay protection keys on the contents of the receipt instead, changing the recipient, token or amount produces a receipt the contract has never seen. Five edited receipts against one deposit would then look like five fresh claims. That is one plausible way the pieces fit together, not a finding the researchers have published.Bridge history offers parallels. In 2022, Wormhole lost about $325 million when an attacker got a forged message past its signature verification, and Nomad lost about $190 million after a misconfiguration let nearly any message pass as valid. The Ankr case is smaller, but it shares the same root: the verification step accepted something it shouldn't have.

The Ethereum transactions show the attacker extracted about 82.91 ankrETH, 515,206 ankrPOL and 7.98 million ANKR tokens. Blockaid described the five withdraw calls as using the tiny Optimism deposit to unlock the bridge's locked inventory and send it to a newly introduced wallet.The mix of assets tells its own story. Each forged receipt named a different token and amount, which suggests the attacker picked targets based on what the bridge held. That fits receipts built entirely by the attacker, apart from the one real transaction reference. Anyone wanting to trace them can open the bridge contract's transaction list on Etherscan and filter for the five `withdraw` calls on November 9.

Sources indicate that the most vital fact is still missing. SlowMist says the origin of the unauthorized signatures is under investigation, and it hasn't confirmed whether the signers were compromised.A valid signature on a forged receipt has a short list of explanations. A signing key, or the service holding it, could have been accessed. A signing service could have been tricked into signing attacker-supplied data. Or the signing logic itself could have a flaw that produces signatures for receipts it shouldn't. Each one points to a different fix: a stolen key means rotating signers, a manipulated service means tightening input validation off-chain, and a logic flaw means rewriting the signing rules.Whichever it turns out to be, the on-chain contract and the off-chain signer both failed to ask the same question. Either one verifying the source event would likely have stopped the attack, and neither did.

The lessons are narrow and practical. Replay protection should key on the immutable identity of the source event, not on the receipt's contents, and a source event should be consumable exactly once. The destination contract should confirm that the receipt's recipient, token and amount match what the source-chain event actually recorded, using a proof or an independent verifier instead of trusting the signer alone.Signer infrastructure needs its own scrutiny. Threshold schemes, hardware-backed keys and strict limits on what a signing service will sign all shrink the damage from a single failure. Rate limits and per-withdrawal caps help as well. A bridge that can release its entire locked inventory in five calls has no brake once a signature check is defeated.Trust in a bridge comes in layers, and one layer rarely holds up alone. Customers with funds in Ankr's bridge should watch for the project's post-mortem and its strategy for restoring withdrawals. For developers, the question to put to their own code is a blunt one: if a signer signs something false, what stops the contract from believing it?

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

Will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

Enjin holders vote through November 13 on moving Matrixchain to OpenGov on November 16. Here is how the 15 tracks, the 1,000 ENJ deposit and conviction voting work, and what the Relaychain vote indicates.Enjin's latest proposal deposit sounds steep at 1,000 ENJ. It's actually the cheap part.The Vote Closes Today and Matrixchain Governance Hangs on ItEnjin holders h….

The SEC's crypto broker-dealer proposal, RIN 3235-AN48, is under White House review with no public text. Here is what the four named rules require today and what review means.Four rules written decades before Bitcoin existed are now sitting at the White House for a crypto rewrite, and nobody outside the SEC has seen a word of the draft. What is known is the….

In a recent development, base's Denim upgrade replaced Flashblocks with five canonical blocks per second. What that means for sequencers, RPC providers and smart contract developers is where the real story sits.For about sixteen months, Base's fastest blocks were only promises. Since November 5, they are the ledger itself.Base Swaps Previews for Real BlocksDenim went live on Base ma….

The SEC's Division of Corporation Finance called Canton Coin a digital commodity on November 3. The ruling rests on two representations, including the absence of a "central party."The most important words in the SEC's Canton Coin letter aren't "digital commodity." They are the ones the staff put in front of that label: the conclusion holds "in reliance on th….

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Industry observers note that shubham Vishwakarma is a crypto market analyst and technical content writer who covers price action, on-chain signals, and breaking blockchain news. He simplifies complex market data into sharp, easy-to-understand insights, helping readers stay ahead of trends in Bitcoin, altcoins, and DeFi. His writing combines technical precision with compelling market storytelling.

Sources indicate that shubham Vishwakarma is a crypto market analyst and technical content writer who covers price action, on-chain signals, and breaking blockchain news. He simplifies complex market data into sharp, easy-to-understand insights, helping readers stay ahead of trends in Bitcoin, altcoins, and DeFi. His writing combines technical precision with compelling market storytelling.

Shubham Vishwakarma is a crypto market analyst and technical content writer who covers price action, on-chain signals, and breaking blockchain news. He simplifies complex market data into sharp, easy-to-understand insights, helping readers stay ahead of trends in Bitcoin, altcoins, and DeFi. His writing combines technical precision with compelling market storytelling.

Recent findings suggest that microsoft stock has another problem beyond its latest global outage. While the disruption to Outlook, Teams and Copilot has put cloud reliability under scrutiny, the manufacturer’s aggressive AI infrastructure spending is creating a separate challenge for investors. Microsoft is growing rapidly, but sustaining that momentum requires enormous capital commitments. With MSFT approaching a key technical resistance zone, investors have more than one risk to assess.

It has been revealed that microsoft’s latest global outage has exposed the risks of its growing dependence on cloud-based workplace services. The disruption, which began on November 12, affected Outlook, Exchange Online, Teams, SharePoint and Copilot across multiple regions.

Sources indicate that BREAKING: Microsoft's Outlook, Teams and Copilot have been down for over 15 hours.Microsoft states it's not a cyberattack, but servers going down unexpectedly.$MSFT is down -3% in premarket. pic.twitter.com/o4xpAG8e2F.

The incident lasted more than 12 hours, disrupting businesses, government agencies and other organizations. Microsoft attributed the problem to server and infrastructure issues and said it had found no indication of malicious activity. Its recovery efforts initially struggled as some restored servers became unresponsive under returning traffic.

Recent findings suggest that the disruption also follows another Microsoft 365 service incident earlier this year, bringing reliability concerns back into focus. For enterprise customers, consistent uptime is central to Microsoft’s competitive position. Repeated failures could encourage large organizations to reconsider their dependence on a single cloud ecosystem.

The immediate financial damage remains unclear, but the reputational risk is harder to measure. Investors will be watching Microsoft’s post-incident explanation and whether the firm can demonstrate that its infrastructure is becoming more resilient.

The second concern is the scale of Microsoft’s AI investment. The firm is expanding data-center capacity to support Azure, AI workloads and growing demand for computing infrastructure. Microsoft reported $45.2 billion in capital expenditure for fiscal Q1 2027, while management expects calendar-year 2026 spending to reach approximately $170 billion. It also indicated that quarterly capital expenditure could exceed $50 billion in the December quarter.

The investment is supported by strong demand. Azure revenue increased 48% in the September quarter, while Microsoft Cloud revenue rose 30% to $63.9 billion. Commercial remaining performance obligations also climbed 73% to $677 billion.

It has been revealed that however, the central question is how promptly that demand translates into returns. Heavy infrastructure spending can pressure free cash flow and operating margins, particularly when latest capacity takes time to become productive.

It has been revealed that microsoft’s own filings warn that slower AI adoption, underutilized infrastructure and rising computing costs could affect future returns. The organization is therefore facing a demanding balance: invest enough to capture AI growth without allowing capital costs to outrun revenue generation.

Microsoft’s cloud business remains a major strength, but sustaining its current growth rate will not be straightforward. Azure grew 48% in the latest quarter, and management expects growth of 49% to 50% in constant currency for the December quarter. However, Microsoft also acknowledged that customer demand continues to exceed available supply, while some third-party GPU capacity deliveries have been delayed.

Industry observers note that microsoft stock price closed at $539.44 on November 13, gaining 1.08%. The stock is approaching a major supply zone between $550 and $560, where previous advances have encountered selling pressure. A sustained breakout above this region could strengthen the recovery and bring $575 into focus.

On the downside, $515 is the immediate support area, followed by $490–$500. The broader demand zone sits around $375–$390, although that remains well below the current trading range. The moving averages continue to provide support beneath the current price, but the recent rejection near the supply zone suggests buyers have yet to establish control. A breakout above $560 would improve the technical outlook, while a decline below $515 could weaken the recovery.

Recent findings suggest that microsoft’s long-term growth story remains supported by Azure expansion, enterprise software and AI demand. However, the latest outage has highlighted operational risks, while the organization’s infrastructure spending raises questions about capital efficiency and future profitability.

The next phase will depend on whether Microsoft can restore customer confidence, convert AI demand into sustainable revenue and maintain cloud growth without sacrificing margins.

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Previous Article : XRP Price Falls Below $1 as Retail Traders Exit and Institutions Increase Holdings.

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According to recent reports, disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

According to data from the analytical platform CryptoQuant, around 86.04 trillion SHIB are currently held on exchanges, worth approximately $382.87 million.

In a recent development, $380 million is somewhat of a baseline in terms of Shiba Inu holdings. The asset has been struggling for almost a year now, and $380 million is the whole supply available for sale. It's important to keep in mind that if someone triggers an 86 trillion Shiba Inu sellout, that batch won't cost $380 million. We'll be lucky to see one-third of it.

In a recent development, shiba Inu's liquidity is thin if we measure it against institutional appetites. Most of the holders are regular retail investors.

According to recent reports, the netflow remains negative, with around 45.5 billion SHIB leaving exchanges over the last 24 hours. Outflows accounted for 333.7 billion SHIB compared with 326.2 billion in inflows.

Inflows and outflows most likely reflect usual trading and investment activities: investors constantly move funds into self-custody and sell them. As we can see, the net value of those funds barely reaches $200,000, making those operations irrelevant to the massive picture.

SHIB is presently trading at $0.00000444, below all major moving averages.

Shiba Inu mostly followed the general uptrend, but tumbled fairly quickly due to the general reversal of the cryptocurrency market. The ascending trendline that held the price since July was broken in mid-October, which opened the way toward more losses.

The 200 EMA acted as strong resistance that SHIB was unable to break. The downtrend is much stronger than the bullish reversal attempts SHIB made in October.

RSI is moving around 37, which is somewhat bearish, but not oversold yet. Volume should also surge substantially for any reversal, while right now it sits at its lowest level in months.

The bounce is unlikely to occur here naturally unless SHIB lands on $0.00000413, which was the reversal point back in July, where some buy orders might be concentrated.

Whether buyers can defend the $0.00000413 level or not is the main test for the asset right now. If SHIB violates it, there's no clear support on the chart below, unfortunately.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Bit Digital’s $27 million third-quarter revenue came in 16% below analyst consensus estimates, marking an over $5 million shortfall.

Shares in Nasdaq-listed Bit Digital fell 9.3% in premarket trading on Thursday after the Ethereum treasury and AI infrastructure tech giant reported third-quarter revenue below analysts’ estimates.

Industry observers note that bit Digital reported $27.1 million in revenue, down 11% from $30.5 million a year earlier. Net income attributable to shareholders was $28.5 million, or 8 cents per diluted share, according to its Thursday SEC filing.

The organization’s revenue came in nearly 16% below analyst consensus estimates of about $32.2 million, marking a $5.1 million shortfall, according to Yahoo Finance.

Bit Digital reported $1 million in Ether (ETH) staking revenue, down about 66% from $2.9 million a year ago. The company reported holdings equivalent to about 163,726 ETH, worth $439.4 million as of Sept. 30.

Its Bitcoin mining revenue fell to $2 million from $7.4 million a year earlier.

Bit Digital said that the decline in mining revenue was “consistent with the continued winddown of the business.” The company revealed it pivoted its corporate treasury strategy from Bitcoin to Ether in July 2025.

Related: Bit Digital buys $20M worth of Ethereum, expands treasury to 158K ETH.

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Recent findings suggest that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The XRP community has been hit by a massive wave of suspected scam activity, with about 11.5 million posts targeting XRP users through fake reward and airdrop promises over the last 30 days.

The figure comes from an analysis using X's API that tracked posts specifically targeting the XRP community.

In an X post, the XRP Ledger Foundation's director of community, Hussein Zangana (Vet), mentioned doing some analytics with X's API. He revealed the outcome: over 11.5 million posts targeted the XRP community to scam its members with reward and airdrop promises.

"Doing some X analytics with their API. In the last 30 days about 11.5 million (!!) posts were made targeting specifically the XRP community to scam them with reward and airdrop promises," Vet wrote. The figure reflects the volume of posts identified by the analysis as targeting XRP consumers with fraudulent reward and airdrop promises.

Doing some X analytics with their API. In the last 30 days about 11.5 million (!!) posts were made targeting specifically the XRP community to scam them with reward and airdrop promises.

XRP is seeing increased interest, with scammers wanting to capitalize on this by enticing unsuspecting people with promises of free tokens, rewards, and exclusive airdrop opportunities.

The intent is to lure users into connecting their wallets to malicious websites, signing harmful transactions, or revealing sensitive wallet information.

XRP continues to gain popularity and adoption, as reflected in a recent RWA report.

According to a recent report by RWA Foundation, the XRP Ledger holds $642.64 million in distributed real-world assets across 2,497 holders, per recent RWA.xyz data. Franklin Templeton is the largest distributed platform. Another $5.21 billion is recorded on the ledger as represented assets, which RWA.xyz counts separately.

Distributed RWA value on XRPL grew 28.81% in the 30 days to November 6, 2026, from $498.90 million. Franklin Templeton's sgBENJI accounts for all of the growth: its XRPL balance rose by about $144 million while other distributed assets were flat. The number of holders grew 0.20%, and represented value fell 0.38%. XRPL carries 456 RWAs.

XRPL holds $926.60 million in stablecoins across 75,840 holders, down 22.91% over 30 days. Stablecoin transfers totaled $9.30 billion over the same window, up 63.56%.

According to recent reports, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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BTC has slipped below $70k for the first time since August, as Peter Schiff believes the asset is in a long-term downtrend, with more slumps yet to come.

It has been revealed that bitcoin has seen another slump amid a broader market sell-off, temporarily sinking to $68,000 before rebounding to the $69k level. The asset presently trades at $68,870, down 9.2% over the past week, as massive crypto liquidations hit long positions amid renewed market volatility.

Industry observers note that dropping below the $73k support triggered a second leg down following recent waves of liquidations driven by recent U.S. midterm elections and the Binance hack, which altered market sentiment.

Industry observers note that statistics indicate that this is the first time BTC has plummeted below $70k since August. With the market embracing this downward trajectory, it’s apparent that short sellers have gained control of the bearish momentum. The asset is at the moment testing the $68k region, and a drop below that support could pave the way toward $65,000.

According to data reported by CryptoQuant, the decline is largely driven by increased selling pressure amid rising anxiety over possible December interest-rate hikes, surging U.S. Treasury yields, U.S. Dollar appreciation, and weakness in AI-related stocks, pushing investor sentiment toward risk aversion.

The Bitcoin Bull Cycle Drawdowns indicator (shared by CryptoQuant) showed that the token is down about 19% from its ATH, surpassing the historical average drop-offs seen in previous bull markets. However, the data showed that as long as the wider bull market structure remains stable, historical drop-off patterns suggest the current price range could be a key area for a possible market bottom.

Meanwhile, American stockbroker Peter Schiff has warned that BTC is in a long-term bear market and its downtrend is far from over. In his post, the renowned economist said the token is retreating below its 2021 ATH of $69k, describing the fall as a key indicator of weakness.

In a crypto podcast aired on Thursday, Schiff cautioned that BTC could crash below $10k, claiming the market could have already hit the ceiling despite the rising political and corporate backing. He mentioned the asset has failed to gain traction despite favorable developments, including President Trump’s support and institutional adoption.

He is convinced that the asset’s failure to surge on positive developments indicates declining demand and could trigger further selling.

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

According to recent reports, XRP is dangerously close to losing the $1 price mark, putting holders in an uncomfortable position. Some holders may see another buying opportunity, while others are wondering if it is time to cut their losses.

Recent findings suggest that the token briefly slipped below $1 this morning, hitting an intraday low close to $0.99 before recovering. XRP subsequently moved to $1.02, leaving its most vital psychological support level under pressure.

Recent findings suggest that the selloff has become harder to ignore. XRP has fallen by 37% from its October highs of $1.60, while Bitcoin’s decline has dragged the wider crypto market lower.

In a recent development, for those who bought XRP above $1.30, the current price is making for a difficult decision. Selling now locks in losses, but holding through another breakdown could mean enduring an even deeper correction.

Is XRP approaching an attractive accumulation zone or simply preparing for another leg down?

Industry observers note that the $1 level has always been a psychological support that can influence how investors behave. A clean breakdown could trigger stop-loss orders, liquidations, and additional selling from nervous holders. There is also a technical reason to watch this area closely.

XRP previously found support around $0.985 in August. That level is now an important line for buyers attempting to prevent a new 2026 low. Meanwhile, the technical indicators are showing considerable weakness. XRP’s daily RSI recently dropped to 21.5, placing it deep inside oversold territory. Its MACD also remains bearish, suggesting sellers still control short-term momentum.

In a recent development, retail investors may be increasingly uncomfortable holding XRP through another breakdown, particularly those who entered during the summer rally. Larger holders, meanwhile, could view the correction as an opportunity to accumulate at substantially lower prices.

According to recent reports, exchange balances, whale wallet activity, and large transaction volumes are important indicators to monitor. If large holders begin accumulating while retail investors distribute their tokens, XRP could be approaching a meaningful change in market positioning.

But if selling pressure spreads across both groups, the $1 level could become difficult to defend. But price action is not the only factor XRP investors should consider.

Ripple continues positioning its ecosystem around institutional payments, financial infrastructure, and stablecoin adoption. Its ambitions could eventually strengthen the long-term investment case surrounding XRP.

Discover: The Crypto Presales This Q4 2026.

While Ripple continues pursuing institutional adoption, another project is betting on a different combination: Bitcoin’s liquidity and Solana-style execution.

Industry observers note that bitcoin Hyper is developing a Bitcoin Layer 2 network that integrates the Solana Virtual Machine (SVM) for faster transactions and smart contract execution. Its architecture aims to combine Bitcoin settlement with high-speed execution, potentially opening the door to DeFi applications and institutional partnerships.

The proposition is interesting: Bitcoin provides the underlying liquidity narrative, while SVM technology aims to deliver the speed needed for more sophisticated financial applications.

The project has raised more than $33 million, showing considerable early fundraising momentum. It also offers 35% APY staking rewards, another incentive for early participants. Holders can stake their tokens and accumulate additional HYPER rather than simply leaving their allocation idle.

According to recent reports, the project’s November 26, 2026 presale conclusion and token launch deadline is approaching swiftly, potentially creating additional FOMO among early participants. Bitcoin Hyper is another project entering the conversation as the market searches for faster and more scalable blockchain networks.

In a recent development, the next few trading sessions could determine whether XRP stages a recovery or extends its correction. A bullish scenario requires buyers to reclaim $1.10, followed by a stronger move above $1.17. That would suggest selling pressure is finally weakening.

In a recent development, the neutral scenario would involve XRP holding between $1 and $1.10 while investors wait for a clearer market direction. The bearish scenario is more concerning. A sustained daily close below $0.985 could expose XRP to another decline toward $0.90, potentially creating fresh selling pressure.

For now, the XRP price outlook remains fragile. Oversold conditions offer some hope for a relief rally, but buyers need to demonstrate conviction.

Recent findings suggest that those betting on Ripple’s long-term institutional ambitions may see the current correction as an opportunity. Short-term traders, however, have good reason to wait for confirmation that $1 support can survive.

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Jensen Huang Resigns as Nvidia CEO, With CFO Colette Kress Named Interim Chief.

Jensen Huang has resigned as CEO of Nvidia, ending a 33-year tenure at the helm of the chipmaker he co-founded, after reports of affairs with a suspected Chinese spy and a senior company executive.

Huang has stepped down as president, CEO and a member of the board, effective immediately, Nvidia mentioned on Thursday. Colette Kress, Nvidia's chief financial officer since 2013, will serve as interim CEO while remaining CFO, as the board searches for a permanent successor from both inside and outside the manufacturer. Nvidia did not give a reason for Huang's resignation, but thanked him for his "immeasurable contributions to the company and the industry.".

In a recent development, NVIDIA announces CEO transition. Read the release: https://t.co/MTTUvFHCJA.

— NVIDIA Newsroom (@nvidianewsroom) November 12, 2026.

The board also named Harvey Jones, a former CEO and executive chairman of chip design software firm Synopsys, as its first-ever chair.

"The Board has full confidence in Colette and the leadership team, and we expect the organization's operations, customer commitments and product roadmap to continue without interruption," Jones noted.

Kress stated she was "committed to building on the extraordinary foundation Jensen created over the last 33 years." Nvidia will report its third-quarter results as scheduled on Tuesday, the manufacturer said.

Recent findings suggest that nvidia shares were down 7.7% at $160.28 shortly after the market opened on Thursday, having fallen as low as $148.80, according to Yahoo! Finance data.

It has been revealed that huang's departure comes four days after he acknowledged in a letter to staff that he had been unfaithful to his wife, prompting Nvidia's board to open an independent investigation. He had told the board that he had been intimate with Alice Huang, an executive at Singapore-based Nvidia customer Megaspeed, The New York Times reported.

The Times had reported in October that U.S. officials had concluded Alice Huang was a Chinese intelligence asset, while the Financial Times later reported that a U.S. government memo said the two had been romantically involved. China has denied the allegations.

Sources indicate that on Wednesday, the Times reported that Huang had also had a relationship with Kimberly Powell, Nvidia's vice president of health care, who reports to him. The Wall Street Journal later reported that the board was preparing to oust him, adding to the pressure on the CEO.

The scandal has wiped hundreds of billions of dollars off Nvidia's market value, with the company losing about $430 billion in two days earlier this week. Nvidia and Huang also face a proposed shareholder class action, and lawmakers had threatened to subpoena him.

Huang ran Nvidia with about 60 executives reporting directly to him and has said he did not believe in succession planning, leaving the manufacturer without an obvious successor.

Prior to the announcement of Huang's resignation, one person inside the company had told the Financial Times that naming Kress as interim CEO would be the simplest option. Other potential candidates cited by the paper's sources include Ian Buck, who runs Nvidia's data center business, and Arm CEO Rene Haas, a former Nvidia executive.

Huang remains Nvidia's largest shareholder, with a stake of about 3.6%, according to the Journal.

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Thailand’s SEC would set separate daily caps for stablecoin deposits and withdrawals and require customers to use wallets they own.

Thailand’s securities regulator has proposed capping daily stablecoin deposits and withdrawals at 5 million baht ($148,000) each per customer at regulated crypto operators.

Industry observers note that the limit would apply separately to deposits and withdrawals at each operator, Thailand’s Securities and Exchange Commission (SEC) mentioned in a Thursday announcement. The regulator said the rules aim to curb money laundering, cybercrime and attempts to bypass cross-border money transfer rules.

The draft would bar stablecoin transfers to and from third-party wallets. Operators would have to verify that customers own the accounts or wallets they use for deposits and withdrawals.

Operators would have to comply with the Travel Rule, which requires crypto service providers to collect and share information about transfers, and use blockchain analytics to identify wallets linked to suspicious activity.

In a recent development, the draft would require crypto exchanges to name their market makers and identify the assets for which they provide liquidity. Crypto brokers would be barred from using liquidity providers for stablecoin-baht pairs. Certain off-platform trades would be subject to a 3 million baht minimum.

The draft follows a September consultation in which the SEC proposed stablecoin transfer limits and tighter oversight of crypto operators.

Related: Thailand to block Bitget in December over unlicensed crypto trading.

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.

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SoFi Brings Its Bank-Issued Stablecoin to Polygon’s Payments Stack.

SoFi is widening the reach of its digital dollar, bringing SoFiUSD, the first stablecoin issued by a U.S. national bank, onto Polygon’s payments infrastructure as banks and fintechs push stablecoins deeper into everyday money movement.

Polygon Labs noted Thursday that SoFiUSD is now live on Polygon Open Money Stack, a payments layer that bundles fiat on- and off-ramps, embedded wallets and cross-chain settlement into a single integration.

The move adds Polygon alongside Ethereum and Solana, the networks SoFiUSD already runs on, and lets SoFi’s more than 17 million members buy, sell, hold, and convert the token on Polygon directly in the SoFi app, without opening a separate crypto wallet or manually bridging assets between chains.

“SoFi is well positioned to bring stablecoins into mainstream finance because it combines the regulatory foundation of a national bank with the reach of a major consumer and enterprise technology platform,” stated Marc Boiron, CEO of Polygon Labs.

The expansion lands as stablecoins move beyond crypto trading into the plumbing used to settle card payments, pay businesses, and send money across borders.

On Polygon Open Money Stack, SoFiUSD joins USDC, USDT and PayPal’s PYUSD, and can connect to the wallets, banking rails, and local currencies businesses need for payouts, settlement and cross-border transfers, opening up uses well beyond consumer trading.

The token is redeemable one-to-one for U.S. dollars and issued by SoFi Bank, which is regulated by the Office of the Comptroller of the Currency.

According to recent reports, soFi launched SoFiUSD late last year across Ethereum and Solana as the first stablecoin from a U.S. national bank, and it already settles the firm’s entire card program over Mastercard’s network. The firm has been building out a broader digital-money suite, recently launching SoFi Earn, a tokenized deposit that pays 4.40% yield and converts one-to-one into SoFiUSD.

For Polygon, the addition deepens a payments business that has become one of the network’s calling cards.

Polygon recently extended Open Money Stack to Solana, and the chain has processed more than $3 trillion in lifetime stablecoin transfer volume, according to the company. Visa and Mastercard support stablecoin settlement on Polygon, while Stripe uses it to route USDC payments for merchants in more than 150 countries.

SoFiUSD is a payment stablecoin, not a bank deposit, and is not FDIC- or SIPC-insured, bank-guaranteed or legal tender.

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Sources indicate that deutsche Bank opens up digital asset custody to paying institutional clients. The service includes storage, user experience improvements, and accessibility via the bank's own gateways. The bank announced the launch on November 11, as DB's official website reveals.

It has been revealed that this is an improvement in the field of institutional adoption, even though it comes at a time when it might be unwarranted. The market is experiencing serious challenges and constant outflows from both retail and institutional investors.

Surprisingly, the bank can provide both warm and cold storage options available directly through DB's infrastructure. According to the landing page, the platform will provide key storage via Hardware Security Modules. Access goes through Autobahn, the bank's own multi-channel gateway.

Recent findings suggest that compliance will also be handled by Deutsche Bank. Initially, the service will focus on core functions: custody of digital assets and transfers, with further capabilities planned.

The Asian market has yet to receive similar treatment. For now, the service is available in the EU, operating out of DB AG Frankfurt. An expansion to Asia is reportedly planned for 2027, though the details are yet to be confirmed.

Additionally, DB announced support for euro stablecoins such as EURC and EURAU, in addition to BTC, ETH, and USDC. This is an attempt to promote the adoption of EU-issued stablecoins as part of a strategy aimed at moving away from USDT dominance. EURAU is issued by AllUnity, a joint venture that includes DWS, the asset manager majority-owned by Deutsche Bank.

Self-custody or banks: that is the real question here. Industry experts such as Bloomberg's ETF analyst Eric Balchunas suggest that self-custody has been a worse option and that a custodian with funds protection and insurance is a better option for regular investors. Even Binance founder CZ admitted after the Ledger incident that self-custody comes with extra responsibilities.

Back in August, a Coldcard exploit drained 1,816 BTC from more than 5,000 cold-storage addresses, according to Fortune.

However, it puts some pressure on those who might receive their funds from grey sources. Unfortunately for them, a bank custodian creates another barrier, as every deposit has to go through the bank's compliance checks.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Crypto hackers stole $8.7 billion so far in 2026, surpassing the projected annual onchain revenue generated across the industry, according to ARK’s research director.

Hackers stole 57 cents for every $1 earned onchain by blockchain protocols since 2017, according to Lorenzo Valente, director of digital asset research at ARK Investment Management.

“Security is the bottleneck,” wrote Valente in a Thursday X post, sharing a chart showing that $8.7 billion lost to crypto hacks year to date had already surpassed the $5.6 billion in estimated annual onchain revenue for 2026.

Since 2017, the crypto industry has lost about $26.9 billion to hacks and earned $47 billion in total onchain revenue, he added.

Recent findings suggest that the recent $6.3 billion stolen in the Binance hack alone exceeded Valente’s estimate for full-year 2026 onchain revenue. Value lost to hacks is on track to exceed onchain revenue by year-end for the first time since 2020.

The crypto industry saw a string of high-value hacks this year, including September’s $387 million Bitget hack and the $320 million Liquid Network exploit, as well as April’s $295 million Drift Protocol exploit.

The mounting security exploits are weighing on the institutional appetite for DeFi. In an April research note, JPMorgan analysts identified bridge security as a long-standing challenge for the industry.

Sources indicate that total value locked in decentralized finance (DeFi) has fallen nearly 10% since the Binance exploit, from $85.9 billion on Oct. 29 to $77.4 billion on Thursday, according to DefiLlama.

Related: Binance warns iOS flaw could expose crypto wallet keys.

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Sources indicate that the hardware wallets industry is taking a huge hit in 2026, and Ledger's supply chain exploit set a certain fact in stone: no wallet is secure, no algorithm is uncrackable. As a reminder: back in October, Ledger confirmed the placement of an unauthorized electronic plate inside of their device sold via reseller CryptoBills.

Units sold in Southeast Asia had an exploit which allowed illicit actors to steal recovery phrases during the setup of the wallet.

In a recent development, most likely outcome for the cybersecurity industry would be AI protecting itself from AI-based reverse-engineering. This is not taking into consideration things like one happened with Ledger.

Sui Hardware wallet is no different: they understand the risks and take them seriously on such extent where they simply decide not to ship it, avoiding unnecessary risks. Suiball, a hardware wallet built natively for Sui, revealed its closure on November 11, after the Sui Foundation decided that backing a hardware wallet project is too risky after the recent attacks across the industry.

Sources indicate that surprisingly, the first batch of wallets have already been developed, manufactured and ready to be sent out to the first owners. However, the Sui Foundation decided to play it safe and avoid potential issues with those who might want to reverse-engineer the wallet or plant a backdoor somewhere along the supply chain.

The recent Fable 5.2 release suggests an advanced level of work with electronics, hardware devices and firmwares, which is the exact field hackers might need to attack hardware wallets using AI. Anthropic states that Fable 5.2, released on November 9, designed three working devices from one-paragraph prompts.

Sources indicate that those devices went through the whole cycle with its partner Diode, including schematics, circuit boards and firmware. Luckily, there's no proven link between the Fable 5.2 release and Suiball's closure, as the project hasn't mentioned AI at all.

Most of the hardware wallets pre-orders were on-chain, so users will simply receive their USDC back.

Industry observers note that around 80% of all orders were placed this way, and refunds will reach the wallets holding the soulbound pre-order NFTs within a week. Consumers do not need to take any action.

It has been revealed that consumers who purchased their wallets with credit or debit cards will also receive their funds back. But in order to get refunded successfully, Sui urges buyers to contact them by email first. After the refund is completed, all personal data of purchasers will be deleted.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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AI-assisted summary, reviewed by NullTX editors.

Recent findings suggest that nanbeige4.3-33B matches Qwen3.8-27B at 20 on the Artificial Analysis Intelligence Index but uses 158K output tokens per task against 110K. Here is what that costs locally.

In a recent development, two models just posted the same score. One needed 158,000 output tokens per task to get there. The other needed 110,000.

Nanbeige4.3-33B, a dense 33-billion-parameter reasoning model from the foundation model team at BOSS Zhipin, scores 20 on the Artificial Analysis Intelligence Index v5. According to Artificial Analysis's evaluation, published November 5, that matches Qwen3.8 27B at its xhigh reasoning setting. The model is open weights under Apache 2.0, accepts text only, and has a 524K-token context window.

Recent findings suggest that behind the tie sits a gap in effort. Artificial Analysis says Nanbeige used 158K output tokens per Intelligence Index task against 110K for Qwen3.8 27B, about 44% more. That weighted average covers answer and reasoning tokens across all nine v5 evaluations, including agentic tool-use turns. For anyone running these models, tokens translate into time, electricity or money, so the same score doesn't mean the same cost.

The Intelligence Index v5 combines nine evaluations, among them AA-Briefcase, AutomationBench-AA, Terminal-Bench 4.0, FrontierCode 2.0 and AA-Omniscience. A score of 20 puts Nanbeige well above the 6 of Muse Glimmer, a 30B model in the same comparison. Artificial Analysis also notes that Nanbeige sets a fresh Pareto-optimal point for Intelligence Index against total parameters, since both it and Qwen3.8 27B are dense models. A larger mixture-of-experts model like DeepSeek V4.1 Flash, by contrast, scores 33 while activating only 16B parameters per token.

The model card Nanbeige's lab published on Hugging Face describes the base model, positioned as the flagship teacher for the Nanbeige4.3 series. The lab states it will distill agentic capabilities into smaller models, such as an upcoming 3B version. On base-model benchmarks, the card highlights 66.9 on MMLU-Pro against 59.3 for Gemma4-31B-Base. Those figures belong to the base model and are separate from the reasoning model's Intelligence Index result.

The two models reach 20 by different routes. Nanbeige scores 30% on Terminal-Bench 4.0 against 6% for Qwen, and 16% on the CritPt v2 Hard Subset against 4%. It also edges Qwen on AutomationBench-AA, 53% to 48%.

According to recent reports, elsewhere, it falls behind. On AA-Briefcase v1.1 it scores 1162 Elo against 1391, on FrontierCode 2.0 11% against 15%, and on HLE-Diamond 7% against 15%. The knowledge test tells the most distinctive story. On AA-Omniscience v1.1, Nanbeige scores -4 against Qwen's -6, with an 18% hallucination rate against 29%. Yet it answers only 29% of questions against 43%, declines 71% of them and gets 12% correct against 17%.

For general question answering, Qwen's higher accuracy is the better result.

In a recent development, output tokens aren't a vanity metric. A reasoning model writes out its thinking as tokens, and every one costs decode time. If both models ran at the same speed on the same hardware, Nanbeige would take about 44% longer to finish a typical task.

Recent findings suggest that local decoding adds a second factor. Generation is usually limited by memory bandwidth, because each new token requires reading the model's weights, and a 33B dense model reads about 20% more weight data per token than a 27B dense model. Assuming the same quantization and the same memory-bound hardware, those two effects compound to roughly 1.7 times the wall-clock time per task. That figure is a back-of-the-envelope calculation, not a measured result.

Recent findings suggest that nor is there a hosted alternative to soften the blow. Artificial Analysis lists no confirmed public first-party or third-party APIs for Nanbeige, so unlike Qwen, which is sold per token through Alibaba's API, the cost is the hardware you run it on and the time it takes.

In a recent development, artificial Analysis describes the model as small enough to run locally on a laptop, which holds true with a caveat. The weights are published in BF16, which at 33 billion parameters means roughly 66 GB, far beyond almost any laptop. At 8-bit, the weights fall to about 33 GB, and at 4-bit to about 17 GB, plus memory for the context cache. A machine with 24 GB of unified memory or more can plausibly hold a 4-bit build, though a long context will push it.

The vendor's own quickstart points the other way. The card's SGLang and vLLM examples both set tensor parallelism across four GPUs, which suggests the reference deployment is a multi-GPU server. Its Transformers example also enables trust_remote_code=True, which runs code from the repository. Reading that code first is the safer move, as is serving the model through vLLM or SGLang instead.

Sources indicate that quantization changes the model, too. The Intelligence Index numbers come from Artificial Analysis's own runs, so a 4-bit local build may score somewhat lower, or generate different token counts, than the version they evaluated.

This release is a clean example of why a headline score isn't enough. Nanbeige delivers Qwen-level results at 33B, with strengths in terminal tasks and physics reasoning and a more cautious answering style. The price for those strengths is length.

In a recent development, anyone choosing between the two should run both on their own workload and record three numbers: the score on their tasks, output tokens per task and seconds per task on their hardware. For terminal-heavy, agentic work, Nanbeige's profile may justify the longer runs. For knowledge-heavy or latency-sensitive work, Qwen's shorter, more accurate answers look stronger.

Recent findings suggest that three signals are worth watching next: whether the 3B distilled version keeps the model's strengths, whether other labs report the same token behavior, and whether anyone publishes quantized local benchmarks. Until then, the simplest summary is also the most accurate: same score, different bill.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

In a recent development, mark Arguinbaev is the founder of NullTX and owner of The Merkle, LLC, the publisher behind NullTX and The Merkle. Based in San Francisco, he sets editorial direction and standards for both sites and reviews the coverage published under his name. He is also the founder of Margin Systems.

According to recent reports, webAI's open-weight TwIL-8B posts 98.2 on MATH-500 and says it tops Gemma 4 31B. The card's own footnotes show why the comparison deserves a re-run.A model small enough to run from a roughly 5 GiB file on a CPU now claims a 98.2 on MATH-500. The most revealing line in its model card isn't a score, though. It's a footnote saying the competitor numbers were ne….

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DTCC to Bring Tokenized Stocks and Treasuries to Solana in 2027.

The Depository Trust & Clearing Corporation (DTCC), the backbone of U.S. securities settlement, prepares to bring its tokenized securities to Solana, it declared on Thursday.

According to recent reports, the firm will connect the DTCC Tokenization Service (DTS) to the Solana network, allowing eligible assets held by its Depository Trust Firm (DTC) subsidiary to be converted into tokens on Solana. The integration is planned for the second half of 2027.

In a recent development, BREAKING: @The_DTCC to tokenize custodied assets on Solana. announced intends to connect the DTCC Tokenization Service to Solana, enabling the tokenization of eligible DTC-custodied assets on the network.

The integration is planned for the second half of 2027, further advancing… pic.twitter.com/gXszWFgUOX.

"DTCC is bringing regulated, DTC-tokenized securities to another major blockchain ecosystem, giving market participants greater choice in where they access and utilize tokenized assets," DTCC CEO Frank La Salla mentioned.

In a recent development, DTS went live on October 28 on the Canton Network and DTCC's own private blockchain, built on the Besu framework, with more networks due to be added in 2027, according to DTCC's launch announcement. The service creates tokenized "digital twins" of securities held at DTC, which custodies more than $114 trillion in assets. Solana joins Stellar and Circle's Arc blockchain, which are expected to be added in 2027, according to a DTCC fact sheet.

Recent findings suggest that under a no-action letter from the SEC, the service is limited to a defined set of highly liquid assets, including Russell 1000 stocks, ETFs tracking major indexes, and U.S. Treasuries. Morgan Stanley said last week it had tokenized U.S. stocks and Treasuries through the service.

Tokens issued on Solana "will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities," said Brian Steele, president of DTCC Clearing & Securities Services.

Solana has been actively courting traditional finance in recent months, with Solana Foundation head of institutional Nick Ducoff arguing that, "Institutions choose Solana because it already runs real financial activity at scale." He added that institutions are "already issuing, settling and deploying capital" on the network, in a tweet shared by Solana's official account.

Last month, the Solana Foundation unveiled an open standard for institutional settlement developed with input from J.P. Morgan, and the network completed its Alpenglow upgrade, cutting the time it takes for transactions to become final to roughly 150 milliseconds.

Solana is also lining up more venues for tokenized stocks. Trading platform Formation has notified the SEC of intends to trade tokenized U.S. stocks on Solana, starting with Galaxy and Forward Industries.

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Telegram founder Pavel Durov recently drew attention to the remarkable performance of The Open Network (TON) cryptocurrency Gram (GRAM) during the massive sell-off across the crypto space.

In his latest post on the social media platform X, Durov shared that Gram was bucking the bearish market and had risen by 8% while other major cryptocurrencies were still struggling.

Sources indicate that "Crypto's a sea of red. Only Gram is up +8%," the billionaire stated.

Recent findings suggest that the Telegram founder explained that Gram is doing better thanks to its integration with Telegram. He argues that Gram has a serious advantage over other cryptocurrencies due to its connection to an existing social media ecosystem.

The billionaire entrepreneur was extremely bullish on the future of Gram, claiming that it deserves to be among the top three largest digital assets by market capitalization.

The Telegram founder remarked Gram was "still ridiculously undervalued," adding that he believes Gram will eventually get into CoinMarketCap's top three.

However, Durov's claim that only Gram is rising is not entirely correct.

In a recent development, gram is at the moment trading around the $1.15 price level, according to CoinGecko data. Over the last 24 hours, Gram is up by 4.5%. Its market capitalization is now around $3.28 billion. It ranks 29th.

Of course, Gram is one of the best performers among major cryptocurrencies, but there are altcoins that have logged even stronger gains. For example, Bitway (BTW) is up by 18.8%. Lighter (LIT) is up by 10.8%. Internet Computer (ICP) is up by 8.2% over the last 24 hours.

There have been some major developments in the Telegram crypto ecosystem.

Industry observers note that for example, in June, a significant change happened when the native cryptocurrency of TON officially changed its name from Toncoin (TON) to Gram (GRAM). Thus, the project restored the name that was first proposed for Telegram's blockchain project. A total of 81.22% of votes were in favor of the name change. Owners don't need to swap their tokens.

Telegram is also working to increase adoption of its native self-custodial Gram Wallet to let people send crypto directly inside the messenger.

On Nov. 9, Durov stated that more than 700K self-custodial wallets had been created in Telegram over 48 hours.

The Telegram founder remarked that it's possible to get Gram using wallet auto-activation without complex activation procedures.

Industry observers note that there is also significant institutional interest in the ecosystem. For example, Nasdaq-listed TON Strategy said that it held about 235.1 million GRAM tokens at the end of Q3. The company reported $13.1 million in quarterly revenue on Nov. 10.

Industry observers note that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Morning Minute: Tokenized Stock Venues Are Launching Without Massive Tech’s Approval.

Sources indicate that morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action.

🏛️ OKX’s Tokenized Stock Venue Debuts Without Significant Tech.

Recent findings suggest that in September, after the CLARITY Act died in the Senate, the SEC created an innovation exemption letting venues trade tokenized versions of US stocks without waiting for new legislation. It came with one condition. A manufacturer that doesn’t want a third party minting tokens of its shares can object in writing within 30 days, and that’s the end of it.

In a recent development, companies have been objecting ever since. The count at the OKXICE venue went from 22 in October to 50, then 56, and as of its November 5 notice, 67. Every member of the Magnificent Seven is on that list.

OKXICE is launching anyway, on November 23. The venue will list more than 70 assets, though 59 of them are Direxion ETFs. The individual stocks that made it through are Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize and Better.com. Strategy is also tokenizing its preferred shares.

Securitize handles the tokenization, each token is backed one-for-one by a real share and carries dividends and voting rights, and trading runs through Uniswap v4 pools on X Layer, OKX’s Ethereum layer-2.

So a venture between a global exchange and the parent of the Latest York Stock Exchange built a tokenized equities market, and what it opens with is seven crypto companies and a series of leveraged ETFs.

Notably, this news comes just a day after the NYSE picked Avalanche to handle clearing and settlement for its own 24/7 tokenized securities platform, with a fourth-quarter target for launch after about a year of testing. The NYSE has signed agreements with Broadridge, Computershare, Equiniti and Superstate to support issuer-sponsored tokenized securities and transfer-agent functions. When the organization’s own share registry concerns the token, there is nothing to veto.

Sources indicate that DTCC is doing a version of this too, with a tokenization service that went live October 28 on the Canton Network carrying 20 participants including Bank of America, Citi, JPMorgan and Citadel Securities. Morgan Stanley has already run equities and Treasuries through it.

Progress is being made, slowly but surely. It just gets built slowly, through transfer agents and clearing houses, by the incumbents. Now we wait to see how the market reacts to these first launches….

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In a recent development, the XRP holdings of former Ripple CTO David Schwartz have plummeted by a massive 23M XRP. David Schwartz, former chief technology officer of Ripple, has disclosed that he has sold the overwhelming majority of his XRP holdings over time.

Sources indicate that as a result, his crypto holdings have taken a massive hit. Taking to the social media platform X recently, Schwartz shared that he has gone from holding around 26M XRP at one point to just 3M XRP.

That's a massive reduction of around 23M XRP. This represents a decrease of over 88% from his peak XRP holdings.

"It's not a secret. I think I'm down from a high of around 26 million XRP to around 3 million XRP," David Schwartz divulged.

Schwartz has also revealed that he has slashed his Bitcoin holdings from around 1,500 BTC all the way down to just 1 BTC. He has gone even further with his Ethereum holdings too (from around 40,000 ETH to just 6 ETH).

As such, Schwartz has sold off nearly all his previous Bitcoin and Ethereum holdings.

It is not clear when he made the bulk of his sales or how much he made from them.

Schwartz's latest patch comes after a few different revelations about his crypto sales tactics.

As reported by U.Today, the former Ripple CTO recently admitted to selling around 2.5M XRP in 2025 alone.

Most of these tokens were received in 2020 and 2023, according to Schwartz.

He revealed that he had to pay around $1.7 million in capital gains taxes on his sales.

The Ripple veteran has repeatedly justified his crypto sales by citing his extremely low risk tolerance.

In July, Schwartz even disclosed that he and his wife had decided to sell off some of their crypto holdings whenever new all-time highs were reached.

Most recently, he detailed that he has a written sales plan set up with a lawyer at least 30 days before selling his XRP.

He has admitted that he hasn't been buying XRP for a long time now.

At the same time, Schwartz does still hold a significant amount of Ripple stock, but that also leaves him exposed to more financial risk than he'd ideally prefer.

The revelation comes at a time when there is mounting frustration among the XRP community over the cryptocurrency's lackluster price performance.

At the start of this month, Schwartz was called out by an XRP holder wondering if he was somehow to blame for the token's downturn.

As reported by U.Today, the former Ripple CTO stressed that he probably had very little impact.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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India's Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore Trades.

India's Enforcement Directorate has searched three premises in Bengaluru linked to crypto exchanges CoinDCX and Delta Exchange, alleging the platforms carried out unauthorized cross-border transactions worth hundreds of millions of dollars through crypto derivatives and tokenized assets.

The searches were carried out on November 4 and 5 under India's Foreign Exchange Management Act (FEMA), the agency, India's main financial crimes investigator, noted in a statement dated November 6, which it shared on X on Thursday.

ईडी, बेंगलुरु ने क्रिप्टो टोकन डेरिवेटिव एवं वास्तविक विश्व परिसंपत्ति (आरडब्ल्यूए) टोकन से जुड़े बड़े पैमाने पर अनधिकृत सीमा-पार वित्तीय लेन-देन के मामले में फेमा, 1999 के अंतर्गत मेसर्स नेब्लियो टेक्नोलॉजीज प्राइवेट लिमिटेड (“कॉइनडीसीएक्स”) तथा मेसर्स एक्सेलियम टेक्नोलॉजीज… pic.twitter.com/vXwMU5uCTj.

Sources indicate that the investigation targets Neblio Technologies, which operates CoinDCX, and Excelium Technologies, which runs Delta Exchange. Both platforms offered futures and options on crypto tokens and openly advertised trading in tokenized shares of foreign companies, despite not being authorized to do so, according to the agency.

The Enforcement Directorate alleged that CoinDCX used stablecoins such as USDT to carry out trades for its consumers on foreign crypto exchanges, including Binance, KuCoin, Bybit and Gate.io, bypassing India's framework for sending money abroad.

When owners deposited rupees and placed spot or derivatives orders, CoinDCX converted the funds into USDT and opened matching positions on the foreign exchanges, the agency stated. The trades ran through accounts held in the name of a Costa Rica-based group entity, which it described as a shell entity, and were carried out directly from CoinDCX through APIs.

Trades in tokenized shares of companies such as Apple, Google and Tesla were in fact derivatives positions opened on decentralized exchange Hyperliquid, according to the agency.

The Enforcement Directorate alleged that the cross-border transactions in each of these areas ran to hundreds of millions of dollars. It also said CoinDCX holds crypto assets in enterprise accounts on foreign exchanges, and has paid tens of millions of dollars in fees to those platforms in USDT, in breach of FEMA.

The agency stated a large share of Delta Exchange's derivatives trading was executed through CoinDCX, and that Delta Exchange had transferred tens of millions of dollars to its overseas group entities, which is under investigation. Their fintech products also appear to contravene India's securities and central banking laws, it said, adding that its investigation is ongoing.

CoinDCX mentioned in a tweet on November 6 that Enforcement Directorate officials had visited its Bengaluru office "as part of a routine enquiry" on November 4, and that it had fully cooperated. The exchange said it operates "in strict compliance with all applicable Indian laws, including FEMA," and adheres to its KYC, anti-money laundering and reporting obligations as an entity registered with India's Financial Intelligence Unit. Trading, deposits and withdrawals on the platform remain fully operational, it added.

Officials from the Enforcement Directorate visited our Bengaluru office as part of a routine enquiry on 4th November. We fully cooperated with the authorities and provided all necessary information and assistance.

As an entity registered with FIU-IND, we regularly….

It has been revealed that delta Exchange mentioned in its own tweet on November 6 that it had cooperated fully with officials, and that its business "does not involve any cross-border transfer of VDAs in any form or manner," using India's term for crypto assets. It said it runs a dedicated rupee-settled exchange for Indian people only, has been registered with India's Financial Intelligence Unit since 2023, and that trading, deposits and withdrawals were functioning normally.

The investigation adds to a difficult stretch for CoinDCX, one of India's largest crypto exchanges. Last month, it confirmed a $16 million loss from retired wallets, days after co-founder and CEO Sumit Gupta called reports of a breach a "false alarm." That followed a roughly $44 million exploit in July 2025.

Coinbase, which has invested in CoinDCX since 2020, won approval from India's competition regulator to increase its minority stake in the exchange's parent tech giant.

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Sources indicate that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Chainlink sees a death cross approaching on the chart, with a solid possibility of an aggravation of the current state of affairs on the market. LINK is trading at around $10.49 at the moment, moving below every moving average on the daily chart.

The asset has already lost roughly a third of its value since the late September peak near $15.70, when the rally essentially ran out of steam.

Recent findings suggest that the 50 EMA is rapidly diving down and most likely to cross the 100 EMA sooner rather than later. The 50 EMA sits near $11.70 right now, while the 100 EMA is around $11.40, so the gap between them is getting thin.

EMAs are also converging – an crucial sign that might cause some worrying certainly. The longest moving average on the chart, at around $11, was lost in early November, and LINK hasn't been able to get back above it since.

Luckily, volume is descending, so there's a good chance that things will stabilize rather than degrade from here. Daily volume in November is visibly lower than during the sell-off at the end of October, which is a good sign.

RSI is moving sideways, in a tunnel around 50, so the situation is, in some sense, neutral for the asset. The indicator hasn't made any sharp moves since mid-October, and the market isn't anywhere near the oversold zone.

Fundamentally speaking, Link also had a strong catalyst: Charles Schwab announced it will add LINK to its crypto trading platform, on par with Solana and Avalanche. The news came out on August 27, but LINK is now trading lower than it was on that day. We should also keep in mind that Schwab hasn't named a launch date yet, so the catalyst might still play out once trading actually goes live.

For now, the closest support is the $10 price threshold, where buyers already stepped in twice over the last two weeks. If the death cross gets confirmed and $10 breaks, the drop most likely won't stop there, unfortunately.

Recent findings suggest that cardano continues the prolonged downtrend, with a possibility of plunging even lower in the foreseeable future. ADA is trading at around $0.1776 at the moment, and it has already lost roughly 37% since the early October peak near $0.28. This week, the price dipped to around $0.1715, back to the levels last seen in mid-August, right before the late-summer rally.

Trend is strong, it's descending, the bear market is certainly having an upper hand here.

RSI is at the bottom though, so there isn't much room for bears to operate here. The indicator is moving below 40, close to the oversold zone, which might slow the selling down for a while.

Recent findings suggest that A strong uptick in volume here would be beneficial. Daily volume in November is among the lowest on the chart, so buyers aren't really showing up even at these prices.

The lack of catalyst is the larger problem: ADA has no traction around it and there's certainly a chance that it won't appear in the foreseeable future.

It has been revealed that fundamentally, ADA had no breakthroughs recently apart from the foundation's support of Cosmos IBC transition to Linux Foundation governance. It's more of an interoperability and institutional infrastructure related development.

Industry observers note that if the selling continues, the July range around $0.16 is the next area where ADA could find support. Until volume returns, bracing yourself for more downside might be the wise choice, unfortunately.

It has been revealed that ethereum is certainly struggling, with a solid risk of losing $2,000 price level much sooner than anticipated. Price is already spilling, and somewhat in the freefall. ETH is trading at around $2,095 at the moment, after a substantial red candle on November 8 took the price down from the $2,230 area.

Recent findings suggest that the asset has already lost roughly 25% since the September peak near $2,800. The current price is also the lowest close since the August breakout, when ETH jumped from the $1,900 area in a matter of days. Most of the late-summer gains are essentially gone.

In a recent development, ETH moves below all major moving averages after losing the black one at around $2,300 in late October. That level is most likely acting as resistance now. The short-term green average is aiming downwards and has already slipped below it, hinting at the aggravation of the current trend.

The November 4 bounce towards $2,450 didn't last either. ETH lost the whole move the very next day, which is an unfortunate sign for anyone hoping for a quick recovery.

RSI is still at the bottom and there's a good chance a bounce is still possible. The asset is clearly oversold. The indicator is hovering close to 30, so sellers might run out of steam soon. If the bounce happens, the black moving average around $2,300 should be the first target.

According to recent reports, volume is descending and overall trend is losing power. Even the November 8 drop came with lower volume than the sell-off at the end of October, so the freefall isn't backed by panic just yet. A strong uptick in selling volume would change the picture, though.

Recent findings suggest that realistically, the $2,000 price threshold is the first thing buyers have to defend. If it breaks, the next area to watch is around $1,900, where ETH spent most of July and August. A proper recovery, on the other hand, would only start after ETH gets back above $2,230, and that's not happening yet, unfortunately.

Recent findings suggest that dogecoin falls flat on the strong support level at approximately $0.07 with a possibility of a further recovery. DOGE is trading at around $0.0694 at the moment, just a little below the round number. The price briefly dipped to around $0.0672 this week, but the daily candle closed back near the support.

Support coincides with the point of the previous buying volume surge, where things should become way better if possible. DOGE spent most of July and August around this level before the late-August breakout pushed the price above $0.09 in a matter of days. That breakout came with one of the biggest volume spikes on the chart, so buyers clearly remember the $0.07 area.

According to recent reports, despite, luckily, descending volume, the bearish trend is holding up way too good, with continuous pressure provided on the shoulders of Dogecoin. DOGE moves below all major moving averages, and all of them are aiming downwards. The closest one sits at around $0.0765, most likely acting as the first resistance in case of a bounce.

In a recent development, RSI is closer to the 'oversold' zone and market's reaction to it isn't yet clear. The indicator is moving around 35 right now. Combination of all of those factors suggests rather calmer price movement, than a severe downtrend that can damage Dogecoin's recovery pathing.

Apart from the market picture, Dogecoin saw a testnet infrastructure upgrade, with the improvement to L2Reth testnet infrastructure, providing more reliable node restarts, snapshot restorations and deployment configs.

Sources indicate that such updates are essentially technical, so they most likely won't move the price on their own. Still, it's a good sign that development around Dogecoin keeps going even when the market isn't favoring the asset.

Industry observers note that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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The DOE is exploring Ripple’s ledger for energy-market trade settlements, a development showing the protocol is becoming a serious contender in the RWA space.

The global financial world continues to move towards one of its biggest transformations – tokenization of RWAs. This has been further revealed by the U.S. Department of Energy’s decision to utilize the XRP protocol to build digital settlements for energy trades.

In a statement on its platform, the agency remarked it is building an energy settlement infrastructure on the XRPL.

The U.S. Department of Energy (DOE) is a government agency responsible for advancing America’s energy security through reliable, clean, and cost-effective energy. In an official communication, the federal department disclosed that it is using the XRP protocol to develop blockchain applications tailored to energy market needs.

As stated in the report, the entity is developing infrastructure to enable digital trade and settlement of electricity and energy transactions based on the XRPL. By using the protocol, the agency wants to improve the efficiency of energy transactions and charge settlements. It is utilizing the ledger to build on-chain utility for energy assets, linking electricity usage to RWA trades.

In a recent development, the development demonstrates that XRPL is rapidly becoming the top blockchain choice for powering RWAs. This shows that rising interest in tokenization is no longer a fad. Big corporations are already developing systems that bridge TradFi with the on-chain world.

The DOE has joined several prominent corporations, believing in the capability of on-chain-based offerings. This demonstrates how TradFi offerings are being innovatively operated, traded, and managed on on-chain networks.

It’s clear evidence that Ripple’s ledger is becoming a vital settlement architecture for RWAs due to its seamless payment network, swift settlement, and affordable fees.

RWAs require strong ecosystems for swift, affordable transfers of utilities. Ripple’s architecture makes it convenient for such digital utilities and institutional capital transfers. Its robust liquidity bridge also makes it a top candidate, allowing utilities to transit effortlessly across various markets.

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Bitcoin ETFs Bleed $1.4B in Five Days as Investors Cut Risk.

U.S. spot Bitcoin exchange-traded funds have recorded five consecutive days of net outflows, as investors retreat from risk assets after a turbulent week for markets.

The funds lost some $1.44 billion between November 5 and November 11, including $299.9 million on Wednesday, according to SoSoValue data. That brings net outflows for November so far to $1.88 billion, after $520 million left the funds in October.

Recent findings suggest that the outflows have coincided with a sell-off in AI and technology stocks. On November 5, when the Nasdaq Composite fell 5.5% in a single day, Bitcoin ETFs saw net outflows of about $430 million.

"This wave of outflows is the result of institutional investors actively or passively reducing their risk exposure following a decline in macro risk appetite, which is not yet sufficient to prove that Bitcoin's long-term allocation thesis has reversed," Tim Sun, senior researcher at HashKey, told Decrypt.

The five-day outflows amount to about 2.6% of the funds' $55.1 billion in cumulative net inflows, "far from a full-scale retreat," Sun noted. But the funds' total net assets have fallen to $93.7 billion, down about 45% from a peak of $169.5 billion in October 2025, as both outflows and falling prices take their toll.

Bitcoin is trading at $73,358, down 0.87% over the past 24 hours, according to Decrypt data. On Decrypt Predict, users put a 40% chance on Bitcoin trading above $74,000 on Sunday afternoon, and a 94% chance that it will hold above $70,000. Sun estimated that the average holding cost for spot Bitcoin ETFs is around $81,000, meaning some ETF holders are now sitting on unrealized losses, and that some investors may cut their exposure further as they reassess their allocations at year-end.

Sources indicate that analysts say the bigger concern is a shortage of latest buyers. In a note shared with Decrypt, Greg Cipolaro, head of research at BitGo, mentioned the post-election bounce brought only $75 million into spot Bitcoin ETFs, while the supply of dollar-pegged stablecoins contracted 1.9% to $286.3 billion, "suggesting little fresh capital is waiting on the sidelines." Onchain analytics firm Glassnode found that total stablecoin supply fell by $14.2 billion in the 30 days through November 9, the fastest contraction since June 2022, Decrypt reported on Wednesday.

Industry observers note that the basis trade, in which hedge funds bought spot ETF shares while shorting futures to capture the price gap, has also become less attractive because the basis has fallen below borrowing costs, prompting many funds to exit, Cipolaro said. That means ETF flows may now reflect directional demand for Bitcoin more directly than before, according to Sun.

Industry observers note that corporate buyers have also slowed. The premium of Strategy's stock over the value of its Bitcoin holdings has narrowed, making it less attractive for the tech giant to raise capital to buy more, while MSCI's decision to exclude it from its indexes could cut off passive investment, Sun noted.

"The most critical factor to watch right now is the persistent lack of buying demand itself, the impact of which on prices may be more significant than the outflow figures alone," he said.

Cipolaro stated Bitcoin had fallen with risk assets but lagged their recoveries. "Unless it begins to participate in rallies and ETF demand strengthens, digital assets could remain exposed to further downside without benefiting from a broader risk asset rebound," he wrote.

Many people forget just how long the 'winter' was for $GLD. It had an initial burst, even becaming the biggest ETF in world for one day in 2011 ,and then the bad times came and and it (saw 40% of investors bail) and took nearly a DECADE to get back to its that aum high again.… pic.twitter.com/Ny9gyyo1Am.

— Eric Balchunas (@EricBalchunas) November 11, 2026.

Not everyone sees the outflows as a long-term warning sign. Bloomberg ETF analyst Eric Balchunas compared Bitcoin ETFs with gold ETF GLD, which saw around 40% of its investors leave after its 2011 peak and took nearly a decade to recover its assets, but now holds nearly three times that early high. "Assets without cash flows run purely on sentiment and it changes," he wrote.

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Industry observers note that rothschild Investment LLC, the Chicago-based investment management firm, has filed its latest 13F with the U.S. Securities and Exchange Commission (SEC), revealing its stake in the Bitwise XRP ETF.

Industry observers note that rothschild Investment’s filing, made on Nov. 10, indicates that the firm has invested in 6,300 shares of the Bitwise XRP ETF.

Based on the information provided, these shares were worth $104,769 as of Sept. 30.

The investment in the Bitwise XRP ETF is listed under CUSIP 09174F107 in Rothschild Investment’s third-quarter report.

Interestingly, Rothschild Investment did not have any reported holdings of the XRP ETF in its previous quarterly filing, which indicates that the firm’s investment in the XRP ETF occurred in the third quarter of 2026.

The Bitwise XRP ETF, listed under the ticker XRP, was introduced in November 2025.

The ETF enables traditional investors to invest in the Ripple-linked cryptocurrency without needing to buy and hold XRP tokens themselves.

Although Rothschild Investment has invested in the XRP ETF, it is not a significant part of its overall portfolio.

The firm’s total portfolio value for 13F-reportable holdings is around $2.69 billion.

Rothschild Investment holds much larger stakes in Bitcoin and Ethereum investments.

When it comes to cryptocurrencies, Rothschild Investment’s largest holding is in the iShares Bitcoin Trust ETF by BlackRock, where the tech giant owns 40,188 shares worth around $1.9 million.

Additionally, Rothschild Investment reported holding $911,300 in the Grayscale Bitcoin Trust ETF and $335,160 in the Morgan Stanley Bitcoin Trust ETF.

Other Bitcoin-related investments include the Grayscale Bitcoin Mini Trust ETF ($125,113), VanEck Bitcoin ETF ($118,100), Bitwise Bitcoin ETF ($116,802) and Fidelity Wise Origin Bitcoin Fund ($2,107).

In total, the seven Bitcoin investments represent around $3.51 million in reported holdings.

Rothschild Investment also has stakes in the Grayscale Ethereum Staking ETF worth $538,622 and the Bitwise Ethereum ETF worth $476,500.

The manufacturer also has a significant holding in the Bitwise Crypto Industry Innovators ETF, with 24,250 shares worth $615,223.

The firm owns $38,360 worth of shares in the Grayscale CoinDesk Crypto 5 ETF.

Finally, it has invested $69,900 in a Solana ETF.

Aside from cryptocurrency investment funds, Rothschild Investment has shares in publicly traded companies that are heavily involved in the digital asset space.

Michael Saylor’s Strategy is one such holding, with a $530,763 investment.

Other holdings include Coinbase Global ($86,681), Block ($125,060) and Riot Platforms ($42,980), a Bitcoin mining company.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Pressure Mounts on Nvidia's Jensen Huang Amid Reports of Second Affair.

In a recent development, nvidia's board is preparing to remove CEO Jensen Huang after reports that he had two extramarital affairs, one with a woman U.S. intelligence believes is a Chinese spy and another with a tech giant executive, The Wall Street Journal reported on Wednesday.

According to recent reports, the board was planning to meet as soon as Wednesday to determine Huang's future, according to people familiar with the matter cited by the Journal. It was not immediately clear who would succeed him, the paper said.

Recent findings suggest that the Upcoming York Times reported on Wednesday that Huang had an extramarital relationship with Kimberly Powell, Nvidia's vice president of health care, who reports to him, citing five people who worked at the tech giant. The Journal also reported the relationship, citing a person familiar with the matter.

Nvidia's code of conduct tells employees to avoid situations that create conflicts, including personal relationships, according to the Times. When the newspaper reached him by phone, Huang remarked, "I don't think you should be talking to me directly," before hanging up. Nvidia declined to comment, and Powell did not respond to requests for comment from either paper.

In a recent development, it is the second affair involving Huang to come to light. The New York Times reported in October that U.S. officials had concluded Alice Huang, an executive at Singapore-based Nvidia customer Megaspeed, was a Chinese intelligence asset who had developed a close relationship with Jensen Huang. The Financial Times reported last week that a U.S. government memo noted the two had been romantically involved. China has denied the allegations.

Sources indicate that on Sunday, Huang acknowledged in a letter to staff that he had been unfaithful to his wife, without naming the person involved. He had told Nvidia's board that he had been intimate with Alice Huang, the Times reported, prompting the board to open an independent investigation, led by law firm Wachtell, Lipton, Rosen & Katz.

Industry observers note that the Justice Department is now leading multiple investigations involving Alice Huang, the Journal reported. Huang also faces a proposed shareholder class action and the threat of a congressional subpoena.

Nvidia shares were down 5.9% at $163.43 in premarket trading early on Thursday, according to Yahoo! Finance data, after closing up 2.9% at $173.73 on Wednesday, before the reports emerged. The stock had already lost about $430 billion in market value on Monday and Tuesday.

Traders expect further losses. On Decrypt Predict, users put an 89% chance on Nvidia trading at or below $160 during regular market hours at some point in November, according to the market. By contrast, they gave just a 6% chance that the stock would climb back to $216 this month.

Huang co-founded Nvidia in 1993 and is its largest shareholder, owning about 3.6% of the firm. He has mentioned he does not believe in succession planning, according to the Journal, and the company's latest proxy statement warns that it is "highly dependent" on its longstanding executive team, raising questions over who could replace him.

Potential successors are reportedly under discussion already. One person inside the company told the Financial Times that the simplest option would be to appoint chief financial officer Colette Kress as interim CEO, while two sources pointed to Ian Buck, who runs Nvidia's data center business. Analysts cited Arm CEO Rene Haas, a former Nvidia executive, as a possible outside candidate. "We always knew key man risk was an glitch for Nvidia," Bernstein analyst Stacy Rasgon told the paper.

According to recent reports, at least one high-profile figure has offered Huang a way forward. Responding to a tweet urging him to hire Huang, Tesla CEO Elon Musk wrote: "That would be an honor.".

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Crypto exchange Gemini has unveiled the biggest losers in the altcoin space for 2026 so far, as many of the crypto world's biggest digital currencies have been seeing massive double-digit price plunges.

Crypto exchange Gemini recently shared a list of 10 cryptocurrencies that have seen particularly brutal losses since the start of 2026 in a post on the X social media platform.

Topping Gemini's list of the biggest losers for this year is Bitcoin Cash (BCH), which has crashed a shocking 61.76% year-to-date.

Coming in second is Polkadot (DOT), with a 53.03% price decline, while Cardano (ADA) holds third place after shedding 48.04% of its value.

Ripple-related XRP and the top meme cryptocurrency Dogecoin (DOGE) are next in line, with losses of 43.43% and 42.38%, respectively.

Several other major cryptocurrencies are also seeing considerable losses, such as Sui (SUI), which has fallen 42.08%, Hedera (HBAR), which has dropped 38.13%, Solana (SOL), down 34.02%, Avalanche (AVAX), which has lost 33.40%, and Kaspa (KAS), which has gone down 30.75%.

Declining liquidity in the market, weakening speculative interest, lackluster institutional interest and general macroeconomic conditions are all major factors causing most major altcoins to underperform so far.

But for some, other challenges within their ecosystems are also proving troublesome.

For instance, in the case of Cardano, the platform is seeing limited decentralized finance activity. As of Nov. 9, the total value locked in its DeFi ecosystem reportedly dropped below $50 million.

While Ripple continues its expansion in the institutional payments sector, stablecoin and tokenization areas, this hasn't necessarily led to sustained buying interest in XRP.

In fact, spot trading volume for XRP fell 53.5%, while perpetual futures trading volume dropped 44%.

Dogecoin, on the other hand, has been contending with waning speculative interest in meme cryptocurrencies.

Its institutional investment narrative also hasn't really caught on yet, with Bitwise announcing in September the shutdown of its Dogecoin ETF as the product failed to draw investor interest.

Bitcoin Cash has been seeing particularly sharp declines as it is now experiencing a reversal of its stellar 2025 performance, when the cryptocurrency soared around 38%.

Selling pressure picked up in May and June 2026 as BCH saw back-to-back monthly drops of over 30%.

A rebound could be seen in September after CME Group declared Bitcoin Cash futures, but this proved insufficient to stop the ongoing downtrend.

It has been revealed that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

Recent findings suggest that ethereum developers want to upgrade the network to be quantum-ready by 2027, potentially accelerating one of its biggest security overhauls. Nasdaq-listed BTCS has been selling ETH below its purchase price to manage $64.1 million in outstanding Aave debt.

Both stories carry significant implications for Ethereum’s next growth phase. One could reshape its technical roadmap, while the other underscores the financial risks of treating ETH as collateral for aggressive DeFi strategies.

Ethereum research group Ethlabs wants developers to bring forward the network’s post-quantum security timeline to 2027. Its proposal, called pqai27, argues that advances in artificial intelligence are accelerating the risks surrounding quantum computing and existing cryptographic systems.

Industry observers note that the Ethereum quantum upgrade would aim to protect accounts, transactions, and network consensus against future quantum attacks. Ethlabs also wants Ethereum to become more resistant to AI-powered attacks that could expose vulnerabilities in its software.

The proposal comes two years ahead of the Ethereum Foundation’s existing December 2029 target for full post-quantum readiness. Google has separately targeted 2029 for its own post-quantum transition, while the U.S. government has moved its quantum security deadline from 2035 to 2030. Ethlabs wants two milestones achieved during 2027.

Recent findings suggest that the first, called pqai-ready, would establish post-quantum consensus and give people a pathway toward quantum-resistant accounts. The second, pqai-scaled, would bring quantum-resistant transactions and data availability to full network capacity.

In a recent development, getting there requires developers to rethink upcoming network upgrades. Ethlabs has already offered to withdraw its Quick Slots proposal from the planned Hegotá hard fork to redirect resources toward quantum security.

Recent findings suggest that quick Slots would have reduced Ethereum’s block production interval from 12 seconds to 10 seconds. The group now wants to prioritize security and revisit faster block production in 2028.

Frame Transactions, meanwhile, remain central to the proposed transition. They would allow accounts to use more flexible authentication methods, including signatures designed to resist quantum attacks.

The Ethereum quantum upgrade could also change transaction economics, as Quantum-resistant signatures generally require more data, potentially increasing transaction costs and creating additional demands on wallet providers.

Ethlabs is effectively asking Ethereum developers to prioritize long-term security over certain performance improvements. This is a shift in priorities as the network competes for institutional adoption and real-world financial activity.

According to recent reports, while Ethereum developers focus on future security, corporate ETH holders face a more immediate problem: leverage. BTCS disclosed in its latest quarterly filing that it sold ETH below its original purchase price to manage collateral levels and repay DeFi borrowings.

As of today, the Nasdaq-listed tech giant had $64.1 million in outstanding Aave debt, including accrued interest. It backed that borrowing with 46,676 ETH valued at $99.3 million. That left its collateral worth 155% of outstanding debt. Based on those figures, the position carried an estimated liquidation threshold near $1,717 per ETH.

BTCS also reported $30.6 million in realized losses on digital asset transactions during the first nine months of 2026. The firm attributed the increase primarily to ETH sales used to manage collateral and repay DeFi borrowings, alongside accounting losses from depositing ETH into liquidity pools.

BTCS now owes @aave more than before it sold $ETH to cut that loanBTCS is a Nasdaq-listed organization that keeps its treasury in $ETH and borrows against it on Aavein february it withdrew 10,000 $ETH of its collateral and sold it at a loss, cutting the loan from $62M to $44M… pic.twitter.com/kEos3XY705.

Sources indicate that the company did not disclose how much ETH it sold below cost or how much of its realized losses came directly from those sales. But its borrowing history reveals the scale of the strategy. Between January 2025 and November 11, 2026, BTCS borrowed $152.4 million in stablecoins through Aave, primarily USDT and GHO. It repaid $89.4 million over the same period.

The organization mentioned no full or partial liquidation had occurred as of November 11.

Nevertheless, the position illustrates the pressure that leveraged corporate treasury strategies can face when ETH prices fall. Borrowing against ETH creates additional capital opportunities, but declining collateral values can force companies to sell holdings or repay debt.

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The Head of Ripple Prime, Marc Asch, is stepping down from the firm by the end of 2015, according to a CoinDesk report citing a Ripple spokesperson.

Noel Kimmel, right now a Senior Vice President at Ripple Prime, will replace him in that role.

Ripple Prime was officially introduced after Ripple acquired Hidden Road in October 2025 for $1.25 billion, rebranding the latter.

In a recent development, marc Asch founded Hidden Road in 2018 as a prime brokerage for institutional clients. Before that, Asch worked at SAC Capital.

It has been revealed that ripple Prime focused on institutional investment across several classes, including digital assets. Through Ripple Prime, the manufacturer also created new exposure to its native stablecoin, RLUSD.

That same month, Ripple also completed another $1 billion acquisition of a stablecoin platform, GTreasury, adding to its renewed financial ecosystem.

Recently, Ripple Prime has won the Prime Broker of the Year: EMEA award at the 2026 Hedgeweek US Awards.

The Hedgeweek US Awards is an annual event that honors and recognizes companies for their efficiency and contributions across several categories.

Some of these categories include custody, trading infrastructure, blockchain technology, compliance, and decentralized finance (DeFi).

The award has marked growing recognition of Ripple as a top brokerage firm in the world of finance.

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Nvidia-Backed CoreWeave Is Surging: Here’s What It Means for the AI Boom.

Nvidia-backed CoreWeave soared 24.7% Wednesday, helping revive the AI trade after weeks of selling, as the company reported surging demand for the expensive computing hardware powering the artificial intelligence boom.

Recent findings suggest that the cloud provider posted $3.66 billion in third-quarter revenue, up 168% from a year ago, and raised its 2026 sales forecast to $13 billion to $13.3 billion. The results also helped lift Nvidia, along with AI infrastructure stocks including Nebius, IREN, Oracle and Applied Digital.

For investors watching Nvidia, CoreWeave offers a useful look at what happens after the chipmaker sells its processors.

CoreWeave buys Nvidia GPUs, installs them in data centers, and rents that computing power to companies developing or running AI models, including OpenAI and other major customers.

Recent findings suggest that that makes its revenue growth evidence that businesses are still willing to pay for AI computing capacity. It does not, by itself, establish that the enormous spending required to supply that capacity will produce sustainable profits.

Nvidia's connection goes well beyond a typical supplier relationship. In January, Nvidia invested another $2 billion in CoreWeave shares at $87.20 each, expanding a business arrangement aimed at building more than five gigawatts of AI data-center capacity by 2030.

Industry observers note that the companies also agreed to introduce newly introduced Nvidia technology across CoreWeave's infrastructure, including its Rubin platform and Vera CPUs. That makes CoreWeave an important showcase and customer for future Nvidia hardware, not just the chips already installed.

“Together, we’re racing to meet extraordinary demand for NVIDIA AI factories,” Nvidia CEO Jensen Huang remarked when the expanded deal was declared in January.

Nvidia also has a $6.3 billion initial agreement to buy CoreWeave's unused computing capacity through April 2032, subject to the contract's conditions. In practice, the arrangement gives CoreWeave a buyer for capacity it cannot sell elsewhere, while Nvidia gets access to cloud computing built around its own chips.

The relationship explains both the excitement and some of the criticism surrounding AI investment. Nvidia sells the hardware, invests in a company buying that hardware, and has also committed to purchasing some of the computing services it helps create. Inventors call it “circular finance.” AI bros call it a meme. Skeptics call it a warning sign.

Nvidia gives money to OpenAI who gives money to Coreweave who gives money to Nvidia who gives money to OpenAi who gives money to Coreweave who gives money to OpenAi who gives money to Nvidia pic.twitter.com/3UFfK7KwJv.

—  Q-Cap  (@qcapital2020) September 22, 2025.

Those are real commercial agreements, but the overlapping financial relationships complicate attempts to measure independent demand.

Recent findings suggest that coreWeave reported $132.5 billion in revenue backlog, meaning contracted business that it expects to deliver over time, not money already in the bank. The company says it is working with customers including OpenAI, Cohere, and Perplexity, and had more than 1.7 gigawatts of active power capacity at the end of September.

“This was a breakout quarter for CoreWeave, with revenue increasing by more than $1 billion sequentially,” CEO Michael Intrator said in the tech giant's earnings release.

The company also expects about $9 billion in customer prepayments and deposits over the next three months. Getting paid before delivering all the contracted services could reduce its immediate need to borrow at a time when investors have become increasingly uncomfortable with the debt financing AI data centers.

The market reaction extended beyond CoreWeave. Wednesday's rebound touched Nvidia shares and the broader technology market, with the Nasdaq gaining 1.6%. CoreWeave's report arrived as investors were trying to decide whether recent AI-stock losses reflected weakening demand or anxiety about the cost of meeting it.

Sources indicate that these specialized GPU-rental businesses are known as neoclouds. Some—including CoreWeave, which began as an Ethereum miner—have roots in crypto infrastructure, where operators were already accustomed to running large amounts of power-hungry hardware.

Bernstein analysts described the quarter as “about the best quarter we could have asked for,” according to Reuters, but warned CoreWeave would be among the companies hit hardest if the shortage of available AI computing capacity begins to ease.

The Nvidia partnership does not remove that risk. Newer processors can make older GPUs less competitive, while electricity availability, construction delays, and higher borrowing costs can all squeeze returns. An oversupply of AI computing would also put pressure on the rental prices CoreWeave earns.

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AI-assisted summary, reviewed by NullTX editors.

ACryptoS lost about $665,000 across 77 vaults on five chains after a missing input check let attackers mint most of a vault's shares with a tiny deposit. Five exploiter addresses have been published.A vault is supposed to hand out shares in proportion to what you put in. ACryptoS's vaults handed out most of the pool for the price of one small token deposit, because a function never checked how many amounts it had been given.

ACryptoS, a DeFi yield aggregator, disclosed on November 9 that its vaults had been exploited for roughly $665,000 across 77 vaults on five chains. In its announcement on X, the project blamed a lack of input validation that let an attacker mint the majority of a vault's shares by depositing only a minimal amount of tokens.

It then disabled deposits, left withdrawals open, mentioned it can no longer maintain the project and offered the attacker a 10% bounty in exchange for returning the funds.The most specific technical account comes from SlowMist's hack database. It traces the bug to the `depositMulti` function, where the length of the amounts array was never verified against the number of tokens. An attacker could deposit a tiny amount of a single token, receive the vast majority of vault shares and then withdraw a proportional share of both tokens. SlowMist lists the affected chains as Arbitrum, BSC, Polygon, Base and Optimism.

Sources indicate that multi-token vaults, like those behind liquidity-pair strategies, take deposits in more than one asset. A function such as `depositMulti` receives a list of amounts, one for each token the vault holds. The contract then values that bundle against the pool and concerns shares accordingly.The safeguard is basic: the number of amounts supplied must equal the number of tokens in the vault. When the two don't match, the contract is working from incomplete or mismatched input, and its valuation logic can behave in ways its authors never intended. According to SlowMist, that check was absent.How ordinary this flaw is deserves a mention. It isn't an oracle trick or a flash-loan puzzle. It's a missing `require` statement on a public function, exactly the kind of slip that audits and fuzzing exist to catch.

It has been revealed that A simplified illustration demonstrates how the numbers work. ACryptoS's published analysis doesn't include the exact contract code, so what follows describes the mechanics of this class of bug, not a line-by-line reconstruction.In a healthy vault, shares are minted in proportion to the deposit's share of the pool. Suppose a vault holds $10,000 in assets and has issued 10,000 shares. A $1 deposit should mint about 1 share, or 0.01% of the supply, and redeeming those shares returns about $1.Now let mismatched inputs throw off the mint calculation. The ratio of deposit to pool collapses or inverts, and the contract might credit the attacker with 90,000 newly introduced shares for that $1. The attacker then holds 90,000 of 100,000 shares, or 90% of the supply. Because withdrawals pay out pro rata, redeeming those shares returns about 90% of each token in the pool, roughly $9,000, for a $1 deposit.The reported total fits that scale. Spread across 77 vaults, $665,000 averages about $8,600 per vault, which points to relatively small pools drained repeatedly rather than a few large ones. It also explains why the attack could be repeated mechanically: each vault offered the same function and carried the same flaw.

Industry observers note that yield aggregators usually deploy vaults from a shared template, and each vault's strategy contract inherits the same logic. As a result, one unchecked function in that template turns into one exploit multiplied by every deployment. Seventy-seven vaults on five chains is what that multiplication looks like.The setup also keeps the cost of attack low. Once the flaw is understood, a script can walk through every vault on every chain, call the same function and withdraw. On top of that, ACryptoS notes the stolen funds have been moved through several cross-chain protocols, a pattern that complicates recovery.

ACryptoS has asked exchanges and bridges to flag five exploiter addresses in a follow-up post on X:.

Sources indicate that the request targets exit points. With the stolen funds hopping across chains, the places where they are most likely to be cashed out or bridged are the ones best placed to slow the attacker down. These are EVM addresses and the exploit spanned five networks, so anyone investigating should check each address on Arbitrum, BSC, Polygon, Base and Optimism.The rest of the response is blunt. Deposits are disabled and withdrawals remain open, with people urged to pull their assets promptly. ACryptoS cited an inability to keep maintaining the protocol, so further patching is unlikely. Remaining users should assume vault pools may be thin, withdraw while the function still works and revoke token approvals granted to ACryptoS contracts afterward. A 10% bounty is a common offer in situations like this, but whether the attacker responds is unknown, and users shouldn't plan around a recovery.

For developers, the lessons are narrow and testable. Every public function that takes an array should check its length against the data it is supposed to match. Share-minting should be tested against an invariant: the value of shares issued can never exceed the value deposited. The ERC-4626 standard defines how vault share accounting should behave, and fuzz tests built on its rules would likely have flagged this.Sunsetting a protocol needs a blueprint as well. A deprecated vault that still holds funds and still exposes live deposit functions is an open target. Pausing deposits and migrating balances before the maintainers leave costs little compared with leaving an unmaintained contract holding user money.For users, the story repeats a familiar warning. Small, older yield protocols with shrinking teams are the ones most likely to carry unpatched code. This incident has less to do with a clever attack than with maintenance running out before the code was safe, so the best protection is to treat vault deposits in aging projects as temporary.

It has been revealed that disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

Recent findings suggest that will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

In a recent development, loopscale's Genesis Vault lent 4,597 SOL against a single kySOL token that the protocol valued as ten zBTC. The decimal mismatch behind it is the most instructive part of the incident, and a second attack path highlights how far the probing went.One token worth roughly $120 was all a Loopscale vault held when it handed out 4,597 SOL, because the protocol read tha….

AKT stakers are close to approving Akash's move from Cosmos to Solana, with Mintscan projecting a pass at 97.2% yes as voting enters its final hours. But a yes on Proposal 346 opens a door rather than completing a move. Before a single AKT reaches Solana, two independent audits and at least two more on-chain votes still have to happen.The summary going aroun….

Daily pool data reveals Sprout holders moved more than 300 ZEC out in a September rush, then almost stopped. The last withdrawal was on October 19. Unless someone acts in the next few days, nearly all of what remains will be unspendable at block 3,543,405.Most coverage of Zcash's upcoming Sprout freeze quotes the same figure, about 22,000 ZEC. That number is a….

It has been revealed that the OCC's final GENIUS Act rule sets a 5% cash floor and a 40% cap on any one counterparty. The Fed's open proposal uses neither figure, and its comment window runs until November 30. Issuers now face two sets of reserve rules that share a redemption deadline and differ on almost everything else.Ask a stablecoin issuer what its reserves must look like in 202….

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Ledger Chief Technology Officer Charles Guillemet has recently warned cryptocurrency holders not to store critical wallet information on their iPhones, as the security threat is on the rise.

In his recent post on X, the Ledger executive highlighted the fact that vulnerabilities that can leak key data are now becoming more and more accessible for hackers to exploit.

"Unfortunately this kind of vulnerability used to be very expensive and reserved to high potential attackers," Guillemet tweeted.

However, he pointed out that we're now on the verge of seeing the costs of such vulnerabilities go down to zero, meaning that it could become very easy for cybercriminals to exploit them on a massive scale.

Recent findings suggest that "Simply don't store any valuable in your mobile. Especially not your crypto seeds," the Ledger CTO cautioned.

His words came in response to an urgent security alert published by crypto exchange Binance over a vulnerability that was found in Apple's iOS operating system.

In particular, cryptocurrency exchange Binance reported a vulnerability, dubbed worse_query, which can allow malicious applications to gain access to files of other applications installed on the same device.

As specified by the exchange, this security flaw affects iOS 26.7.1, 27.0.1 and 27.2.

This means that crypto wallet recovery phrases, private keys and login credentials can be at risk, as they may be stored in accessible local files.

Binance underscored that this concern isn't exclusive to the exchange's app alone, while adding that the vulnerability can have an impact on the entire crypto space.

The exchange recommended that users uninstall apps that were downloaded from untrusted sources, update their operating systems and avoid installing any unauthorized software.

Binance also advised owners to transfer their funds to newly created wallets on clean devices if they think their wallets may have been compromised.

Apple published latest security updates on Nov. 9. However, it's not clear if they are enough to fully patch this vulnerability. Still, there have been no confirmed crypto thefts specifically linked to the exploit.

Guillemet's warning comes a month after Ledger's major security incident involving compromised hardware wallets.

Back in October, French cryptocurrency hardware wallet maker Ledger admitted that some hardware wallets distributed by its Southeast Asian reseller CryptoBilis had been tampered with.

It turned out that hackers managed to install complex hardware implants in legitimate Ledger devices. With that, hackers were able to intercept customers' recovery phrases when people were setting up their Ledger wallets for the first time.

As shown by Ledger's investigation, malicious implants were capable of capturing the 24-word recovery phrase that appears on the Ledger device screen and then passing it to attackers via a cellular connection.

Blockchain sleuths estimated that this incident might have led to more than $86 million in crypto losses. However, Ledger itself didn't confirm the total amount.

In a recent development, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Shiba Inu has begun to show signs of a potential recovery after multiple days of severe price correction as the broader crypto market continues to face increasing sell pressure.

While momentum appears to be shifting, the latest on-chain data from the crypto analytics platform CryptoQuant reveals that buyers are beginning to dominate the Shiba Inu market once again.

Although Shiba Inu is still struggling amid the prolonged market volatility as its price continues to trade in the red territory, its exchange activity is providing a different signal.

According to the data, the Shiba Inu exchange network has declined modestly by around 1.37% over the last day, sitting at -114,647,400,000 SHIB as of the time of writing.

The negative netflow balance indicates an increase in the demand for the leading meme token among investors as it means that the number of SHIB tokens that have been moved out of exchanges for buy purposes over the last 24 hours has substantially outweighed the number of SHIB tokens that flowed into exchanges in attempts to sell.

Apparently, this means that traders have bought more tokens than they have sold over the last day, positioning Shiba Inu for a bullish price reversal after the sharp price declines seen in the past days.

Although Shiba Inu is still showing mixed price action as it is yet to respond to the bullish exchange activity seen over the last day, market participants are regaining confidence in its potential price move.

While its price movement still remains slow, its hourly price chart reveals that momentum is gradually changing as it has turned green, suggesting that Shiba Inu might be on the verge of recovery.

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Stablecoin Drain, ETF Outflows Leave Bitcoin 'Running on Empty'.

The pool of dollars that fuels crypto trading is draining.

Industry observers note that total stablecoin supply fell by $14.2 billion over the 30 days through Nov. 9, the fastest contraction since June 2022, according to a report published Wednesday by onchain analytics firm Glassnode.

The total stablecoin supply now sits just below $280 billion, and the research company suggests that's a big reason why Bitcoin is right now "running on empty.".

Industry observers note that stablecoins, tokens typically pegged to the U.S. dollar, serve as crypto’s cash. Traders park money in them on exchanges and onchain before buying other assets.

When the stablecoin supply shrinks, it means holders are redeeming tokens for dollars and pulling that money out of crypto entirely, which Glassnode said leaves “less fuel for a rally.” The firm said a return to supply growth would be the first sign that fresh money is coming in.

The stablecoin drain isn’t the only sign of money leaving. U.S. spot Bitcoin ETFs saw about $1.6 billion in net redemptions over 20 trading sessions, the report found, and Bitcoin has traded at a discount on Coinbase, a gauge of U.S. demand.

Bitcoin also slipped below the average cost basis of short-term holders, about $75,600, leaving most recent buyers underwater, and traded near $73,000 on Wednesday. Over $3.6 billion in Bitcoin was recently moved over to exchanges, potentially to be sold, at a loss, according to a separate report from CryptoQuant today.

Glassnode did point to some silver linings. The slide has flushed out most leveraged long positions near the current price, buy orders outweigh sell orders in the order book, and wallets holding between 100 and 10,000 BTC have started accumulating.

The firm flagged $73,000 as key support and remarked the broader trend change that began in August remains intact as long as Bitcoin holds above its June low.

The contraction comes as stablecoins face growing competition from traditional finance.

Global banks including Goldman Sachs, Citi, and Deutsche Bank are backing a $270 million challenge to crypto’s dominant stablecoin issuers, and the Federal Reserve recently unveiled stablecoin rules on reserves and capital.

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Cardano (ADA) hints at selling pressure below $0.18 as a large cluster of sell orders on major cryptocurrency exchanges is seen in CoinGlass data.

Order-book activity suggested a concentration of selling interest around the $0.177 to $0.179 area, which traders will be watching to see if ADA can break resistance.

Recent findings suggest that coinGlass reported a large sell wall of about $477,000 at $0.179 on Bitget's spot market. A large sell wall was also reported on the major crypto exchange Crypto.com, valued at around $415,000 near this price level on the spot market. Another large sell wall of about $445,400 at $0.177 was reported on Binance's futures market.

It has been revealed that if sellers hold their ground, these concentrated orders could be a hurdle for Cardano to climb above $0.18, as it is presently trading at $0.176, down 1.59% over the past 24 hours. A sell wall is a big cluster of limit sell orders at a price level that can soak up buying pressure as the market approaches that price.

Industry observers note that but just because there are large sell orders does not mean the price will be rejected. If there is enough demand to buy, it might soak up the supply.

The region $0.177-$0.179 is an important area to watch now. How much of the reported sell orders Cardano can absorb will be key in deciding whether buyers can recover momentum or sellers will remain in control below $0.18.

Cardano’s open interest (OI)—the total value or number of derivatives contracts that have not been settled—has gone up over the past 24 hours, a sign of rising trader participation and upcoming positioning in the ADA derivatives market.

According to CoinGlass, Cardano's open interest was up 5.42% over the past day to $395.09 million.

According to recent reports, while on-chain data highlights potential sell walls for Cardano, large buy walls coincidentally reside slightly below where the ADA price right now trades. Cardano's buying interest could pick up in the range between $0.17 and $0.175, as clusters of buy walls are located at those levels. CoinGlass reports spot net taker selling of $1.27 million for Cardano. In addition, futures taker buys exceeded sells by 3.9%, suggesting buyers are relatively in control.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Cryptocurrency options markets are pricing in potentially significant price swings across major digital assets through Nov. 15, with XRP recording the largest implied move compared with Bitcoin, Ethereum and Solana.

Industry observers note that in an X post, the Coinbase Markets X account shared 7-day implied moves for top cryptocurrencies. "Crypto options imply these 1σ moves through Nov 15," the Coinbase Markets X account wrote.

Crypto options imply these 1σ moves through Nov 15: $XRP ±9.7% $SOL ±9.3% $ETH ±8.5% $BTC ±6.0% $XRP carries the widest premium to its median 7d move (1.97×). Which market delivers? https://t.co/pGXf0eFh8K.

In a recent development, according to the latest options data, XRP carries an implied one-standard-deviation (1σ) move of ±9.7%, slightly ahead of Solana at ±9.3%. Ethereum follows with an implied move of ±8.5%, while Bitcoin has the lowest expected range at ±6%.

The figures suggest that options traders are betting on a rise in potential volatility in XRP over the coming days. However, they don't indicate whether prices will rise or fall. They may, however, provide an indication of how much price movement is currently priced into options.

XRP is notable for another reason. "XRP carries the widest premium to its median 7d move (1.97×)," Coinbase wrote. This implies options markets are pricing in a much larger move than its average weekly move.

This premium makes XRP particularly interesting as traders assess whether the token can deliver the volatility currently reflected in derivatives pricing.

At the time of writing, XRP was down 2.59% in the last 24 hours to $1.06 amid a broader market selloff.

The consumer price index data for October came in hotter than expected. The CPI for October rose 0.4%, more than the 0.3% expected from economists polled by Dow Jones and down from the 0.6% growth in September.

A December rate hike now seems likely, with Fed Governor Chris Waller suggesting even a 50-basis-point move could be appropriate.

A 9.7% increase for XRP would potentially target $1.16, whereas a 9.7% decrease from current levels would see XRP drop to $0.95. In the coming days, the markets will closely watch which direction XRP will trend next, upward or downward.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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While Bitcoin, Ethereum, and Solana have also come under bearish pressure during November’s broader crypto market sell-off, XRP is taking a particularly brutal beating, leaving investors wondering why the token is underperforming its biggest rivals. According to prominent analyst EGRAG Crypto, the weakness is no coincidence, pointing to three key factors that could explain XRP’s sharper decline and signal why the token may continue struggling as bearish sentiment grips the market.

Industry observers note that crypto analyst EGRAG Crypto has highlighted XRP’s worsening performance against Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) amid November’s broader cryptocurrency market drawdown. In a Nov. 10 post on X, the pundit noted the striking difference in losses since November 4, showing that Ripple’s XRP has suffered the steepest decline among the four major cryptocurrencies.

According to recent reports, according to EGRAG Crypto’s figures, XRP has plunged 23.4% since November 4, significantly more than ETH’s 18.2% decline and SOL’s 17% drop. BTC has demonstrated greater resilience, losing just 10.4% over the same period.

The figures raise an notable question: Why is XRP bleeding considerably more than its major competitors? EGRAG Crypto has pointed to three possible factors behind the token’s disproportionate weakness, offering a closer look at the selling pressure weighing on the Ripple-linked token.

Recent findings suggest that the first factor is leveraged long liquidations, which EGRAG assigns a 30% probability. According to the analyst, forced liquidations of bullish positions, combined with weak buying demand, could be accelerating XRP’s fall. When leveraged traders are forced to close their positions during a downturn, the resulting selling pressure can trigger further losses and deepen an existing market correction.

According to recent reports, the second possibility, which carries a 20% probability, is selling by early XRP holders. EGRAG suggests that longtime investors, often referred to as OGs, could be taking profits and rotating their capital into other cryptocurrencies. Such activity could increase selling pressure on XRP, particularly if large holders decide to reduce their exposure amid uncertain market conditions.

Finally, EGRAG assigns the highest probability, 50%, to what the expert describes as market manipulation or a deliberate liquidity hunt. Under this scenario, sharp price movements could be designed to trigger stop-loss orders and force weaker traders out of their positions before a potential recovery. The analyst believes this could explain why XRP is experiencing disproportionately heavy selling compared with other major cryptocurrencies.

Notably, these percentages represent EGRAG Crypto’s personal probability-based assessment rather than independently verified evidence of the causes behind XRP’s decline.

Beyond identifying the possible reasons behind XRP’s sharper decline, EGRAG Crypto has also highlighted several important price levels that could determine the token’s next move. The analyst identified the $1.00-$1.04 range as a critical stabilization zone, suggesting that holding this area could help XRP establish a floor amid the ongoing selling pressure.

Recent findings suggest that on the upside, EGRAG believes bulls must first reclaim the $1.15 level before targeting $1.25. A recovery above these thresholds could signal improving buying momentum and offer some relief to investors after the recent losses.

Sharing a personal assessment, EGRAG Crypto said the ongoing price action appears more consistent with market manipulation designed to frighten newer investors into selling. However, the analyst raised a bigger question about whale activity, questioning whether deep-pocketed XRP holders are using the downturn to accumulate more tokens or adding to the selling pressure by offloading their holdings.

Recent findings suggest that ultimately, how whales respond to the current market weakness could offer crucial clues about XRP’s next direction. If large holders are absorbing the available supply, the sell-off could eventually lose momentum. Conversely, continued whale selling could make an already difficult recovery even harder for the sixth-largest cryptocurrency.

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Bitcoin Short-Term Holders Send $3.6 Billion in BTC to Exchanges at a Loss.

Bitcoin investors who bought recently are moving tens of thousands of coins to cryptocurrency exchanges at a loss, adding to concerns about selling pressure as the cryptocurrency falls toward the low-$70,000 range.

CryptoQuant’s latest short-term holder profit-and-loss chart indicates roughly 47,300 BTC transferred to exchanges below their acquisition price over 24 hours, compared with only about 1,100 BTC arriving at a profit.

Combined inflows stood near 48,500 BTC, or around $3.6 billion at Bitcoin’s current price of approximately $74,000.

Sources indicate that the research organization's chart below shows transfers, not completed sales. Sending Bitcoin to an exchange can be the first step toward selling, but some deposits are made for trading for other tokens, collateral, or other services. The data also does not establish exactly how much of the transferred Bitcoin was subsequently sold.

The distinction is important because the chart measures the behavior of short-term holders, a group that CryptoQuant generally defines as investors holding Bitcoin for less than 155 days.

These are often the buyers most exposed to a sudden price reversal, particularly when their holdings are worth less than they paid.

In a November 11 CryptoQuant analysis, contributor Amr Taha identified two large waves of underwater exchange deposits over the previous week: 50,790 BTC on November 3 and 46,060 BTC on November 10.

“On November 10, profitable transfers stood near 1,700 BTC, meaning approximately 27 BTC arrived at a loss for every 1 BTC transferred at a profit,” Taha wrote.

Industry observers note that that is an unusually one-sided flow. Investors moving coins into exchanges are overwhelmingly doing so at prices below those at which they acquired them, rather than cashing in gains from the earlier rally.

Sources indicate that A similar pattern has occurred over several months, with recurring spikes in loss-making exchange transfers as Bitcoin’s price swung higher and lower. The latest red spike appears near the deepest readings visible since July.

Sources indicate that A separate CryptoQuant chart breaks down deposits to Binance by the time since each Bitcoin last moved on-chain. It demonstrates 3,290 BTC arriving from coins last moved one day to one week earlier on November 1, followed by a much larger 8,114 BTC from the same category on November 3.

On November 9, the platform also received 1,925 BTC from coins last moved one to three months earlier, according to Taha’s analysis. Those figures help identify which age groups are active, but they do not necessarily reveal when the owners originally purchased their Bitcoin.

The Binance chart measures one exchange and groups coins by their last on-chain movement. The profit-and-loss charts track short-term holders sending coins to exchanges more broadly.

The timing matters because Bitcoin has been sliding from its late-September highs above $85,000 into the $73,000-to-$74,000 area visible at the end of the screenshots. A newer buyer who paid $80,000 would be sitting on a paper loss of roughly 7.5% with Bitcoin at $74,000; selling at that price would lock it in.

According to recent reports, the recent weakness is not limited to short-term holders. Glassnode identified about 4 million BTC held by longer-term investors that had been acquired between $85,000 and $118,000, potentially leaving another pocket of underwater supply above current prices.

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It has been revealed that according to longtime SHIB community member Mazrael, since the SHIB deployer wallet went silent in October 2021, at least 137 scam tokens have falsely claimed that the SHIB deployer sent them the coins. The intent of scammers is to 'fake' Shiba Inu's pseudonymous founder, "Ryoshi," and the reason behind this is to appear legitimate: If "Ryoshi" sent it, people trust it.

In a recent development, mazrael explains how this trick works: a token is just a program, and it keeps its own record of transfers. The scammer can write any address into that record as the sender. So these scammers write the SHIB deployer's address, and on Etherscan it looks like "Ryoshi" sent the token. However, the real SHIB deployer (0xB8f2…FA08) hasn't sent a single transaction since October 2021.

According to recent reports, how scammers fake "Ryoshi" Since the SHIB deployer wallet went silent in October 2021, at least 137 scam tokens have pretended it sent them their coins. Why? To look legitimate. If "Ryoshi" sent it, people trust it. How the trick works: A token is just a program, and it keeps its own record of transfers. The scammer can write ANY address into that record as the sender. So they write the SHIB deployer's address, and on Etherscan it looks like "Ryoshi" sent you their token. But the deployer never signed anything. Click the transaction itself and look at "From". That's the wallet that really sent it, and it's never the SHIB deployer. The numbers: - 9,131+ fake transfers - 2,500+ wallets hit - 0 signed by the deployer Some of the fakes: APE, three "SHIBA INU2.0" tokens, ShibChain, SHIB DAO, METARUFFY, a token literally called "Ryoshi", Caw and Baby Caw, three fake "Shibarium" tokens (a year before the real one), "BONE2.0" and three "UNLEASHED DAO" tokens. Many got shilled by OGs and ex-admins as "Ryoshi-backed" to make them look legit. The real SHIB deployer (0xB8f2…FA08) hasn't sent a single transaction since October 2021. Always check who signed the transaction, not what the token says.

'The SHIB deployer never signed anything,' Mazrael stated, urging the crypto community to click on related token transactions and examine the "From" address, saying this is the wallet that sent it and was never the SHIB deployer.

Mazrael shared the numbers, outlining over 9,131 fake transfers, over 2,500 wallets hit, and zero signed by the SHIB deployer. He went on to name some of these fake tokens, adding that some of these tokens got promoted as "Ryoshi-backed" to make them look legitimate.

This disclosure warns crypto users to always check who signed the transaction, not what the token states.

In a separate post, Mazrael explained that nothing links the SHIB deployer address to any person.

The SHIB deployer (0xB8f2…FA08) only deployed one contract: SHIB, and it hasn't sent a single transaction since October 2021. It has no public signed message on record, either on-chain or on Etherscan.

According to recent reports, LEASH, BONE, and TREAT each came from different deployers. Mazrael indicated that BONE's deployer is shiba-swap.eth, whereas LEASH came from '0xA221…1494,' the same key that deployed StarLink, whose own site names Woof Decentra as LEASH's developer. That key kept LEASH's rebase oracle, an admin key, for five years.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Just a few days after the U.S. Treasury took action to cut global crypto exchange MEXC off from the U.S. financial system, Binance has also confirmed strict regulatory actions against the exchange.

On Tuesday, November 10, Binance, the world’s largest cryptocurrency exchange by volume, announced its immediate decision to halt all transfers involving MEXC and all its affiliated companies.

Binance released an official announcement earlier today, warning people that it has stopped all trading services related to MEXC following newly introduced concerns about its legitimacy.

Industry observers note that while the restrictions were announced to take effect immediately, Binance explained that its move follows the recent decision by the U.S. Financial Crimes Enforcement Network (FinCEN) to designate MEXC as a Primary Money Laundering Concern.

As such, Binance has prohibited its people from directly or indirectly sending funds to, receiving funds from, or conducting transactions through Binance involving MEXC and its related entities.

The MEXC-affiliated entities mentioned by Binance include MEXC Global Limited, MEXC Estonia OÜ, MEXC Singapore Pte Ltd, MEXC Global Foundation Ltd, GIDA Technology AG, and several other companies and affiliates operating under the MEXC name.

Recent findings suggest that although MEXC is among the top 20 crypto exchanges in the world, FinCEN issued an order against MEXC on November 6, cutting the exchange off from the U.S. financial system amid recent fraud allegations.

Recent findings suggest that notably, the U.S. Treasury accused the exchange of facilitating at least $16 billion in illicit transactions tied to sanctions evasion and cybercrime and of defrauding people of their funds.

While Binance remains the first crypto exchange to take action in accordance with FinCEN’s rule, it appears that many other exchanges are lining up to take similar action.

In a recent development, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Upbit remains one of the largest holders of Dogecoin and Shiba Inu on the market, being the key place where pressure on the prices of those two assets arises. According to Arkham, the South Korean exchange holds $816.81 million worth of DOGE and $284.75 million worth of SHIB, which is around $1.1 billion combined. These are its largest holdings after BTC, ETH and SOL, out of approximately $22.06 billion in total.

In coins, that's 11.766 billion DOGE and a whopping 64.134 trillion SHIB. Upbit's Dogecoin balance has been growing for years, and the current reading is essentially the highest on Arkham's chart.

Industry observers note that shiba Inu's numbers are even more interesting. Total SHIB exchange reserves currently sit at around 86 trillion tokens, so Upbit most likely holds about three quarters of all SHIB available on exchanges, if both data sources track the same wallets.

According to recent reports, shiba Inu has been struggling on the market for ages; however, there is finally an exchange outflow of approximately 144 billion SHIB in the last 24 hours. It's a drop in the ocean though: exchange reserves went down by only 0.17%, and around 183 billion SHIB still flowed into exchanges over the same period.

According to recent reports, prices for both assets aren't doing well, showing a similar continuous bearish dynamic, with Dogecoin slowly tumbling below $0.07. Dogecoin is currently moving around $0.07, slowly losing the threshold, while continuously moving below all major moving averages. It has already lost around 35% from its September peak. Unfortunately, the price is struggling around the bottom and there's a good chance the current period's bottom will be violated. The current price level is the lowest point on the chart in the last year.

SHIB is in the same position, trading at $0.00000443 after breaking below the ascending trendline that supported it since July. The closest support is the July low around $0.0000041, with the moving averages above it aiming downwards.

RSI for both assets is moving around 35, so the market isn't oversold yet. With this much DOGE and SHIB sitting on one exchange, selling from Upbit people could add even more pressure on the price, unfortunately.

Sources indicate that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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This Upcoming AI Music Model Is Already Better Than Suno—We Put ACE to the Test.

Artificial intelligence has gotten pretty good at writing songs. Now, a relatively unfamiliar competitor has managed to beat Suno, arguably the biggest name in AI music, at its own game.

ACE Music v1, developed by ACE Studio, has taken first place on Artificial Analysis' vocal music leaderboard, scoring 1,160 Elo points against Suno v6's 1,144.

The AA-Music-Vocal v1.1 benchmark measures the quality of AI-generated songs containing vocals. Evaluators listen to tracks produced from identical prompts without knowing which model created them, then choose their favorite. Those preferences determine an Elo-style rating, with higher scores indicating stronger listener preference.

It has been revealed that the lead is relatively narrow, and the models' statistical confidence intervals overlap. Suno also retains the top position on the separate instrumental music leaderboard.

Industry observers note that ACE Studio, founded in 2018, originally focused on synthesizing singing voices from MIDI notes and lyrics. Its latest ACE Music v1 model generates complete songs from written descriptions or user-provided lyrics.

In Decrypt's hands-on tests, ACE Music consistently produced more melodic and coherent songs in mainstream styles.

That said, the vocal performances sounded more natural in general, with fewer of the synthetic artifacts that sometimes make AI singers sound like they're struggling to pronounce their own lyrics, use a lot of autotune or hallucinate words just to fill spaces. (Go ahead and give our song a listen here, which incidentally is about our latest company announcement regarding the Information Exchange.).

According to recent reports, ACE also handled song endings better. Where Suno occasionally introduces strange sounds, unnecessary repetitions, hallucinations or abrupt musical changes near the finish, ACE generally maintained its structure and delivered cleaner conclusions.

That matters because making a convincing chorus is relatively easy compared with maintaining a musical idea throughout an entire composition even if the lyrics are already over.

Suno still had an advantage when we pushed the models toward less conventional genres.

Recent findings suggest that in our melodic death metal test, ACE consistently produced tracks featuring a woman singing clearly in a pleasant, clean voice, missing the aggressive vocal delivery expected from the requested style. In general it confuses metal genres all over. Suno offered more creative arrangements in the proper heavy styles, with better stylistic consistency in several similarly demanding prompts.

The results were subjective rather than a controlled benchmark, but they highlighted why a leaderboard victory doesn't automatically make one model better for every musician.

ACE's most interesting feature may be its songwriting workflow.

Its “Idea” feature can develop a basic concept into lyrics and a structured composition, identifying individual song sections and describing how they should be arranged. Consumers can then refine the material rather than repeatedly generating completely upcoming tracks.

The v1.1 Preview goes further, creating a musical score before generating audio.

“Each generation is a new performance, so the sound may differ even when the score stays the same,” the developers explain.

People can edit melodies and chords, regenerate performances, export MIDI files and separate vocals from instruments for further production.

That workflow puts ACE closer to a music production assistant than a simple prompt-to-song application.

The flagship ACE Music v1 model remains closed-source with no public API, so owners can only generate via the official site. However, its developers are pursuing a parallel open-source strategy.

In a recent development, ACE Studio and StepFun have already released ACE-Step 1.5, a separate family of models whose code and weights are publicly available. Unlike the proprietary flagship, these can run on users' own hardware—but using a weaker model.

The company also promises another release.

“We plan to open-source ACE Music v1 Flash in late 2026,” the developers state on their website, describing a version designed to balance quality, generation speed and hardware requirements.

In a recent development, ACE Music is available through its browser application, with a limited free tier and paid subscriptions. Commercial usage rights for flagship-model songs require a paid blueprint, while ACE-Step offers a separate free generation option.

For now, ACE Music v1 holds a 16-point Elo lead over Suno v6 in vocal generation. Its promised Flash release would give local users another model to try before the end of 2026.

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As the XRP Ledger developers continue to make committed efforts to make the network fully quantum-resistant in the coming year, the team has just proposed a major upgrade that has sparked a buzz across the XRP community.

Sparking fresh excitement across the XRP community earlier today, the XRP Ledger (XRPL) Foundation has disclosed prepares to introduce quantum-resistant accounts to users.

The team revealed looks to introduce a latest feature to the XRP Ledger to offer customers strict protection against future quantum computing threats without paying additional transaction fees.

While it is yet to be implemented, the proposed design will allow owners to add a NIST-approved ML-DSA-44 signing key to their accounts and disable their existing keys.

This way, it will become harder for potential quantum attacks to compromise accounts, especially those whose public keys have already been exposed.

Apart from the extra layer of protection the upgrade promises to offer customers, its cost-effective design has stirred more interest among the XRP community.

Notably, users will not have to pay higher transaction fees to access the additional security, as the proposed feature allows XRP holders to strengthen their account protection without worrying about extra transaction costs.

The proposed upgrade sends relief across the crypto ecosystem as it addresses concerns about the possibility of increasingly powerful quantum computers eventually breaking some of the cryptographic systems currently used to secure blockchains and cryptocurrencies.

While the upgrade is yet to launch, the team revealed that it has scheduled a migration study for the first half of 2027.

The study is aimed at examining how existing accounts can transition to the upcoming security system and what the process would involve for consumers.

The proposed security upgrade has further sparked more optimism as it is also part of Ripple's broader aim of achieving full quantum protection by 2028.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Tether's Tiny AI Agent Beats Models 2.5 Times Its Size at Controlling Your Phone.

Tether, the organization behind the world's largest stablecoin, USDT, is getting surprisingly good at making tiny AI models punch above their weight.

Recent findings suggest that the company on Wednesday unveiled QVAC BotPsy, an 800-million-parameter AI agent designed to carry out everyday tasks on personal devices. Parameters are essentially the knobs that determine how much an AI model can do, and more of them generally translate to improved performance. And for reference, frontier AI models today run in the trillions of parameters.

In the firm's own testing, Tether’s relatively tiny model outperformed competitors with up to 2.5 times as many parameters, suggesting that AI assistants may not need enormous models to get things done.

In a recent development, unlike traditional chatbots that simply respond to questions, BotPsy is agentic, meaning it’s designed to take action. It can identify which tools an application needs, execute commands in the right order, and adjust when something goes wrong.

According to recent reports, for example, Tether described a benchmark scenario in which an AI assistant needed to send a message but encountered two problems: Wi-Fi was disabled and the inbox was full. BotPsy turned on Wi-Fi, cleared enough storage, and completed the task, while the underlying model repeatedly attempted the same failed operation.

That's a fairly mundane achievement, but it's precisely the kind of problem that makes AI agents useful outside a chatbot window.

BotPsy is built on Alibaba's Qwen3.5-0.8B architecture, a relatively small language model that Tether trained further to specialize in interacting with software tools. Its 800 million parameters represent the numerical values the model learned during training, and a smaller parameter count generally means less memory is needed to run it.

Recent findings suggest that according to Tether's technical documentation, BotPsy scored 44.0% on BFCL v4, a benchmark that evaluates an AI system's ability to select and execute software functions across different tasks and conversations. Scores reflect a weighted percentage of successful performance across tool-use categories.

The underlying Qwen3.5-0.8B model scored 23.4%, while the considerably larger Qwen3.5-2B reached 37.7%.

It has been revealed that botPsy also scored 58.7% on ACEBench, which evaluates the accuracy of function calls, including selecting the appropriate tools and arguments. Its base model managed 30.1%, while the 2-billion-parameter competitor scored 55.4%.

The firm tested five models across six tool-use evaluations, with BotPsy posting the highest results on five. Its average score across those tests reached 45.0%, compared with 38.8% for the larger Qwen model.

BotPsy is the latest addition to QVAC, Tether's effort to build an AI ecosystem that runs on devices controlled by people rather than relying entirely on centralized cloud infrastructure.

The manufacturer first introduced QVAC in May 2025, positioning the project as an alternative to AI services operated by technology giants. Its longer-term ambitions included autonomous agents capable of interacting with applications and potentially making payments using Bitcoin and USDT.

Tether expanded that initiative in October 2025 with a 41-billion-token dataset for training science and engineering models, alongside QVAC Workbench, an application that lets people run AI models locally.

Earlier this year, Tether released its SDK, providing developers with tools to build offline AI applications across mobile and desktop operating systems.

The company also developed QVAC MedPsy, a medical AI system designed to run on consumer hardware. Its 1.7-billion-parameter version outperformed Google's much larger MedGemma-27B on HealthBench Hard, a test of realistic clinical conversations evaluated using physician-developed criteria.

In a recent development, botPsy is currently available as an open-weight model under the Apache 2.0 license, meaning developers can download, modify, and integrate it into their own applications. Tether has also released compressed versions intended to reduce memory requirements for local deployment.

According to recent reports, the company has not unveiled a release date for a finished consumer assistant powered by BotPsy. Its published model card also says the training code and training data are not included in the release.

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Industry observers note that XRP ledger developers have been notified regarding upcoming resets for Testnet and Devnets. According to a statement, XRPL testnet and devnet are scheduled for a reset on November 25, 2026, to improve full history server stability.

Testnet and Devnet for XRP Ledger developers will be reset on Nov 25, 2026 at 5–6 PM PT. All on-chain state (accounts, tokens, AMMs, etc.) will be deleted and will need a re-fund and re-setup afterward. Other networks will continue to operate as usual, including Mainnet, Xahau, and the Hooks Testnet.

Ripple runs Testnet and Devnet, so the community can test out latest features and integrations without risking real money.

The XRPL Testnet used to depend on a single full history server, which went down and cannot be recovered without a reset. To avoid this from happening again, an upgrade was performed to increase the server storage capacity.

The resets will delete all ledger data in Testnet and Devnet, including all accounts, transactions, balances, settings, offers, AMMs, escrows, and other data. Testnet will have its Amendment statuses restored to match Mainnet's. However, any AMMs that are re-created after the reset will generally have different account addresses. As a best practice, users are urged not to use the same addresses or key pairs on Mainnet and any test networks.

Industry observers note that the key URLs, Network ID, and validator settings for both the devnet and testnets will stay the same. For XRPL users who run an xrpld server that is connected to testnet or Devnet, after the reset they should delete their database data and restart the server.

Sources indicate that the last time the XRPL devnet saw a reset was on March 3, 2026. This was necessitated due to the Batch amendment, which required more development at the time and to prevent validators from becoming amendment-blocked, a Devnet reset was required.

The XRPL foundation has launched the XRP Ledger Education Month with up to $40,000 in awards for educators and content creators who explain upcoming amendments like the Lending Protocol or teach how the XRP Ledger works, the role of XRP and the core protocol philosophies.

In a recent development, since XRPL 3.3.0, memory consumption has been reduced by up to 23% on nodes. Memory growth in XRPL nodes was observed in late summer 2025 and a fix shipped in xrpld 3.3.0.

According to recent reports, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Recent findings suggest that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

According to XRPScan, XRP Ledger payments volume rises again, reaching 1.16 billion XRP on November 9.

XRP's payment volume is up 207.4% over 24 hours, sitting far below its all-time high of 7 billion. Payments volume growth is substantial, but not record-breaking by any means, with the 30-day average at 580.6 million XRP.

It's important to keep in mind that it's coming due to the transition from the weekend trading session to Monday, and volume spikes are normal here. This isn't the first spike either: on October 30, the ledger moved around 1.8 billion XRP.

Industry observers note that late September was even busier, with payments volume reaching around 1.9 billion XRP on September 25, so the current growth is nothing latest for the ledger. In October, things were essentially the opposite: volume was struggling to stay above 800 million XRP, and on October 24 it almost dropped to zero.

XRP price, however, is moving the other way, with the bear market getting worse over the past weeks and the asset losing a substantial part of its value.

Price is already struggling, trading at $1.09, and could be teetering on the edge of the $1 threshold, which, if broken, essentially enables a rapid decrease. XRP hasn't been below $1 since mid-August, when it dropped under that level for the first time since November 2024. If the threshold breaks this time, the drop most likely won't be a short one, as the bear market keeps aggravating.

Growing payments volume reflects growing fear among investors, who are most likely moving funds to exchanges in order to liquidate their coins. Volume is already going back down towards 300 million XRP on November 10, though the day isn't over yet, so the spike might be short-lived.

Payments volume rises, but so does the bear market pressure, with a possibility of a further downturn that can make things worse than they already are.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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AI-assisted summary, reviewed by NullTX editors.

In a recent development, the SEC's crypto broker-dealer proposal, RIN 3235-AN48, is under White House review with no public text. Here is what the four named rules require today and what review means.

Industry observers note that four rules written decades before Bitcoin existed are now sitting at the White House for a crypto rewrite, and nobody outside the SEC has seen a word of the draft. What is known is the list of rules the agency wants to change, and that list states a lot.

The White House's regulatory review office logged the proposal on November 3. According to the Unified Agenda entry for RIN 3235-AN48, the item is titled "Amendments to Broker-Dealer Financial Responsibility and Recordkeeping and Reporting Rules Regarding Crypto Assets." It sits at the proposed rule stage and carries an economically significant designation. The cited legal authority is Sections 15(c) and 17(a) of the Exchange Act, and the entry lists no legal deadline.

Recent findings suggest that the abstract is short. The SEC's Division of Trading and Markets notes it is considering recommending that the Commission amend Rules 15c3-1 and 15c3-3 and other financial responsibility rules, along with Rules 17a-3 and 17a-4, to address how they apply to crypto assets. The CFR citation is listed as not yet determined. The entry's timetable also targeted a proposed rule in July 2026, so the package has run later than the agency planned.

According to recent reports, that delay is worth a second look. It hints that the drafting proved harder than expected, which fits the subject, since these rules were built for a world of paper certificates and central clearing agents.

Review by the Office of Information and Regulatory Affairs is not an approval. It is an interagency check on a draft the agency intends to propose, and it comes before the Commission votes to publish anything. The SEC, as an independent agency, now submits significant rules to that office under a 2025 executive order, which explains why a securities rule demonstrates up in a White House queue.

"Economically significant" is a defined term. It generally covers a rule expected to have an annual economic effect of $100 million or more, or one that materially affects a sector of the economy. The label signals expected scale, not content or direction. After review, the process continues with a Commission vote, publication of a proposal, a public comment period and, only then, a final rule.

Nothing in the record notes what the rules would change. Anyone claiming the rewrite will loosen or tighten requirements is speculating.

According to recent reports, rule 15c3-1 is the net capital rule. It requires broker-dealers to hold a minimum level of liquid capital, and it applies haircuts to the value of proprietary positions so a firm can absorb losses and still meet its obligations to customers.

It has been revealed that the SEC staff's FAQ on crypto asset activities already makes clear that broker-dealers can't ignore crypto. When a firm takes a proprietary position in crypto assets, that exposure must be counted in its net capital computation, and digital assets get no carve-out. The open question, and the likeliest subject of rulemaking, is how a volatile asset with no traditional ready market should be valued and haircut. That design choice carries real consequences for how much capital a crypto-active broker has to hold.

Sources indicate that rule 15c3-3 is the customer protection rule. It requires broker-dealers to promptly obtain and maintain physical possession or control of customers' fully paid and excess margin securities, and it calls for periodic reserve computations to safeguard customer cash. It applies only to securities, so crypto assets that aren't securities fall outside it, even when a broker-dealer holds them.

In a recent development, existing staff guidance has tackled both prongs. The FAQ says a broker-dealer may establish "control" of a crypto asset security through a control location specified in paragraph (c) of the rule. A December 17, 2025 Division statement took up "physical possession," saying the staff wouldn't object if a firm deems itself to have possession under five conditions. Those conditions cover direct access and transfer capability, written policies assessing the underlying ledger, no custody where the firm knows of material security or operational weaknesses, protection of private keys, and contingency aims for events such as 51% attacks, hard forks and airdrops.

Commissioner Peirce's statement on that release urged the Division to move rapidly on recommendations for amending Rule 15c3-3 to cover crypto custody. The OIRA package looks like the follow-up. Because staff statements are non-binding, a formal rule would give firms something sturdier to build on.

Sources indicate that rule 17a-3 lists the books and records a broker-dealer must make, including ledgers, blotters and customer account information. Rule 17a-4 governs how long records must be kept and in what form, with electronic records stored in a non-rewriteable, non-erasable format or under an audit-trail alternative.

Crypto complicates both. A transaction's record lives on a public ledger the firm doesn't control, so a rule would need to settle whether onchain data counts as the firm's own record, how wallet addresses and key-custody events should be documented, and how reconciliation against the ledger should be preserved. The Division will likely address those practical points, given that recordkeeping failures rank among the most common triggers for enforcement actions.

The sequence is predictable even if the content isn't. The first signal would be the release of the draft text or a Commission vote to propose. A comment period follows, in which broker-dealers, custodians, exchanges and investor advocates weigh in, and then comes a possible final rule.

The package matters less for any single provision than for what it signals. The SEC appears to be moving from staff FAQs and non-binding statements toward enforceable rules for the plumbing that crypto-active brokers depend on. Net capital, customer asset protection and recordkeeping determine whether a firm can safely hold customer assets, and they set the cost of doing so.

Until the text appears, the useful questions are narrow ones. Will the SEC differentiate between crypto asset securities and other crypto assets? How will it treat custody through third parties? And will capital charges be calibrated to volatility or set conservatively? The answers will show whether broker-dealers become a practical route to crypto custody or remain a niche.

Industry observers note that disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

Will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

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According to recent reports, the SEC's Division of Corporation Finance called Canton Coin a digital commodity on November 3. The ruling rests on two representations, including the absence of a "central party."The most notable words in the SEC's Canton Coin letter aren't "digital commodity." They are the ones the staff put in front of that label: the conclusion holds "in reliance on th….

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Deutsche Bank Goes Live With Crypto Custody After a Five-Year Buildup.

Five years after it first floated the idea, Germany’s largest lender is now holding Bitcoin for clients.

Deutsche Bank remarked Wednesday that its Digital Asset Custody service has gone live for paying clients, giving institutional and corporate customers in Europe a regulated way to store and transfer Bitcoin, Ethereum and three stablecoins: Circle’s USDC and EURC, plus EURAU.

The bank manages wallets and private keys on clients’ behalf. For now, the service covers custody and transfers, with tokenized financial instruments on its roadmap.

The service is aimed at clients of Deutsche Bank’s corporate and investment banking units, including corporations, asset managers, hedge funds, custodians, brokers and sovereign institutions, according to the bank’s September announcement of the proposal.

Its setup includes hardware-based key protection, multi-person approvals and separate warm and cold storage, the bank said.

“In the medium term we aim to deliver a fully integrated, regulated ecosystem that supports the custody, tokenisation, and settlement of digital assets,” mentioned Paul Maley, Deutsche Bank’s global head of trust and securities services.

Deutsche Bank also signed a memorandum of understanding with Deutsche Asset Management, the majority-owned money manager formerly known as DWS, to explore working together on tokenized money market funds, crypto exchange-traded commodities and stablecoins.

Recent findings suggest that the asset manager oversaw about 1.22 trillion euros as of Sept. 30. The bank has also stated it plans to expand the custody service to Asia.

The launch caps a long road, going back to at least 2021 when Deutsche Bank began readying a crypto custody and trading platform. Then, in 2023, the bank applied for a digital asset custody license in Germany. Last year, reports mentioned the bank planned to build the service with technology from crypto exchange Bitpanda, alongside its longtime partner Taurus.

Deutsche Bank received authorization from German regulator BaFin under the EU’s Markets in Crypto-Assets regulation, or MiCA, which requires crypto service providers to be licensed. The bank cautioned that its custody service doesn’t protect clients against swings in the value of digital assets, fraud or failures by other market participants.

Sources indicate that the custody launch isn’t Deutsche Bank’s only crypto bet. The bank is among a group of global lenders, including Goldman Sachs and Citi, backing a $270 million challenge to crypto’s dominant stablecoin issuers.

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Recent findings suggest that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Recent findings suggest that bitcoin has been losing wallets on the network since October 16 of this year. With the number of non-empty wallets peaking at 59.99 million that day, the network has already lost roughly 108,700 of them as the price dropped back below $75,000. Smaller holders are clearly running out of patience.

Sources indicate that bitcoin's last bullish hope was a short recovery rally towards the $80,000–$81,000 price threshold in early November. It failed to hold on to that momentum and promptly tumbled towards the $76,000 area, which opened the way towards more losses. Since its October top near $87,000, BTC lost roughly 14% of its value and lost everything it built up since late August.

BTC moves below all major moving averages, with most of them aiming downwards and hinting at the aggravation of the current trend on the market. RSI confirms the thesis, moving around 40 and suggesting a bearish momentum, or a sideways movement at least.

Fueled by the falling price, retail is still fearful: smaller traders are merging or emptying their wallets. The network now holds around 59.88 million non-empty wallets, while exchange supply is down near 1.28 million BTC. The shrinking wallet count, however, isn't something that automatically means Bitcoin is being used less.

In a recent development, but where would BTC finally settle down? Realistically, the closest 'fair' support is the $74,000–$75,000 area, where buyers already stepped in this week. Discussing a breakdown below makes little sense, unfortunately, due to the volatile nature of the market.

It has been revealed that but even if BTC holds the $74,000 support, bulls might still stay sidelined. There are little to no signs of retail coming back that can help BTC reach key market levels. Even worse, the market in general isn't favoring bulls, so bracing yourself for a prolonged correction might be the wise choice.

According to recent reports, in case bulls somehow wake up, a recovery towards $78,000–$80,000 is the main priority, as it's the area where several moving averages are sitting right now. A falling wallet count with the price holding often acts as a sign of sellers getting exhausted, as smaller investors tend to give up when fear is at its highest.

According to recent reports, whether buyers can defend the $74,000 level or not is the main test for the asset right now. The wallet count keeps shrinking, the price is stuck below the moving averages and a short-lived price bounce here won't change the situation as a whole, unfortunately.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

Sources indicate that the CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

JPMorgan is quietly increasing its Bitcoin exposure while the crypto market is being beaten up. The banking giant raised its Strategy holdings by 36% and added another 1 million shares of BlackRock’s iShares Bitcoin Trust (IBIT).

JPMorgan Bitcoin positioning makes an interesting contrast with the current market panic. Bitcoin has plunged below $70,000, wiping out leveraged bullish bets and dragging major altcoins lower. Meanwhile, Michael Saylor’s Strategy faces another institutional headache after MSCI confirmed its removal from major equity indexes.

Wall Street might be seeing something that the market is missing. JPMorgan’s latest holdings show institutional exposure was growing before the latest sell-off, even as Strategy faces mounting pressure.

Could this be smart money positioning for Bitcoin’s next recovery?

According to recent reports, JPMorgan held 848,932 Strategy shares worth $131.3 million at the end of September. That’s a 36% increase from its 624,387 shares reported three months earlier.

Its exposure to BlackRock’s Bitcoin ETF grew even further in dollar terms. The bank reported 11.4 million IBIT shares worth $540 million, compared with 10.4 million shares valued at $355.7 million in June.

The IBIT position increased by 9.6% in share count, while its reported market value jumped 52%. JPMorgan also reported smaller positions in other Bitcoin funds, including Grayscale’s Bitcoin Mini Trust and Bitwise’s Bitcoin ETF.

It has been revealed that together, the Strategy and IBIT positions were worth $671 million at September 30. That’s a sizeable institutional footprint across two different ways of gaining Bitcoin exposure.

However, the timing makes this filing particularly interesting. These holdings paint JPMorgan’s third quarter, ending September 30. JPMorgan was building exposure before Bitcoin’s latest breakdown, leaving investors wondering if the bank still sees value in the correction.

There is another detail worth watching. JPMorgan also disclosed substantial put-option exposure against Strategy and IBIT, alongside call positions. Its derivatives book shows a more complicated positioning strategy than a straightforward bullish bet. Still, the increased share counts show that the bank expanded its underlying holdings.

Discover: The Crypto Presales This Q4 2026.

According to recent reports, JPMorgan’s growing Strategy position comes at an awkward moment for Saylor. MSCI confirmed that Strategy will leave its MSCI USA Index following the November 30 market close. The company is also losing its place in the MSCI World and ACWI benchmarks as the index provider implements new eligibility rules for non-operating companies.

It has been revealed that JUST IN: MSCI to officially remove Michael Saylor's Strategy $MSTR from its indexes by the end of this month. pic.twitter.com/h1jBFtVU8M.

It has been revealed that this decision could create another source of selling pressure. Passive funds tracking affected benchmarks generally need to adjust their holdings when constituents disappear. Strategy previously warned that potential index exclusions could trigger billions of dollars in outflows.

Industry observers note that JPMorgan previously estimated that MSCI exclusion alone could result in $2.8 billion in selling pressure. The figure could climb substantially if other major index providers follow the same approach.

Sources indicate that yet JPMorgan increased its Strategy holdings during the quarter leading into this decision. That creates an interesting contradiction: one of Wall Street’s largest banks expanded its exposure while the manufacturer was heading toward a major index setback.

Bitcoin slipped below $69,000 this morning, its lowest level since August, while crypto liquidations reached $1.6 billion over 24 hours. More than $1.3 billion came from liquidated long positions, highlighting just how aggressively leveraged traders were caught on the wrong side of the move.

This selling can create opportunities for investors with longer time horizons. When leveraged positions disappear, weaker hands are forced out, leaving more room for institutional accumulation once volatility settles.

The MSCI setback, no doubt, creates a potential disconnect between index-driven selling and longer-term investment demand.

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Bitcoin Faces First Back-to-Back Annual Losses in History, But There's a Catch.

Bitcoin is flirting with a historical first that bulls probably don’t want to hear: Two consecutive years of losses, something the cryptocurrency has never experienced in its 18-year history.

In a recent development, the world's largest cryptocurrency finished 2025 down 6.34% and has lost another 15.65% so far in 2026, trading around $73,850 on November 10. If Bitcoin fails to recover above its annual opening price of roughly $87,500 before December 31, it will close two calendar years in the red for the first time.

Historical annual returns show Bitcoin has experienced several brutal crashes since its creation, but each negative calendar year has been followed by a positive one. Even the disastrous 2018 and 2022 bear markets failed to produce consecutive annual losses.

It has been revealed that the historical pattern is clear. Its significance, however, deserves a closer look.

In a recent development, bitcoin's previous annual crashes were considerably more painful than its current losing streak. The cryptocurrency plunged 73.56% in 2018 and another 64.27% in 2022, wiping out most of investors' holdings in each respective year.

Sources indicate that by comparison, Bitcoin's 6.34% decline in 2025 was relatively mild. Add the roughly 16% loss recorded this year, and the combined decline comes to approximately 21% after accounting for compounding.

That's a fraction of the losses investors endured in previous crypto winters, despite the market potentially recording a longer sequence of negative annual returns.

It has been revealed that bitcoin's performance in 2024 also provides some perspective. The cryptocurrency surged more than 120% that year, meaning investors who bought at the beginning of 2024 would still be sitting on substantial gains despite the subsequent decline.

The picture changes considerably when measuring losses from the market's actual peak instead of calendar-year boundaries.

Recent findings suggest that bitcoin reached approximately $126,000 in October 2025 before crashing below $58,000 during 2026. That represented a decline exceeding 50%, a significantly more painful move than the 21% combined loss reflected in the two annual candlesticks.

Analysts have pointed to Bitcoin's increasingly institutional investor base, spot exchange-traded funds, and deeper market liquidity as potential explanations for its comparatively smaller bear-market drawdowns.

Those structural changes may help explain why Bitcoin's current market cycle looks different from previous ones, although they have not eliminated major price crashes.

There is also a distinction between the length of a losing streak and the severity of the losses. A market can decline slowly over several calendar years without inflicting the same damage as a single catastrophic year.

Sources indicate that and Bitcoin has already demonstrated that a bad year doesn't necessarily translate into a prolonged downturn. The cryptocurrency gained roughly 92% in 2019 following its 2018 collapse and surged more than 155% in 2023 after its disastrous 2022 performance.

Sources indicate that for now, Bitcoin has 50 days left in 2026 to avoid its first back-to-back annual losses. A third consecutive decline in 2027 would extend the streak further, but that scenario is still hypothetical.

At its November 10 price of approximately $73,850, Bitcoin would need to gain about 18.5% to recover its 2026 opening price and finish the year in positive territory.

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Blockchain security provider SlowMist has issued an urgent security alert for Ethereum ecosystem users after a complex supply chain attack was detected on Ethersphere's software.

In a recent post on the X social media platform, SlowMist confirmed that two pieces of software have been compromised by hackers.

The cybersecurity firm claims that attackers were able to break into GitHub accounts and take advantage of legitimate software release processes to deploy malicious software.

The attack could potentially impact people on multiple operating systems, including Windows, macOS and Linux.

The affected software is part of Swarm, a decentralized storage network belonging to the wider Ethereum ecosystem.

Security experts have cautioned that these malicious software releases could enable attackers to compromise cryptocurrency wallet credentials, steal private keys and open up permanent backdoors on affected systems.

One of the most concerning features of this attack is the involvement of Ethereum's blockchain infrastructure in helping manage the malicious software.

SlowMist explains that this malware retrieves and runs malicious JavaScript code.

However, this attack is not just a simple malware infection.

The cybersecurity firm disclosed that attackers are leveraging an Ethereum smart contract as a decentralized command-and-control (C2) configuration repository.

This gives attackers the ability to dynamically update server addresses managing the malware without requiring a latest deployment of the malicious software.

According to recent reports, interestingly, the same Ethereum smart contract was previously associated with the infamous SleepyDuck and EtherDuck malware attacks. These campaigns targeted developers using malicious extensions on the Open VSX marketplace.

This points to the possibility that the new attack may be part of a broader operation aimed at compromising cryptocurrency developers and consumers.

Independent security researchers from Socket and SafeDep also discovered malware aimed at stealing Swarm wallet files and deploying persistent remote access tools.

As a result of this discovery, SlowMist advised customers to immediately uninstall the affected package and roll back to the clean version 13.2.0.

In the meantime, people of Swarm Desktop v0.56.2 were advised to revision to the clean v0.56.3 software release.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Publicly traded Bitcoin mining giant BitFuFu, based in Singapore, has massively increased its Bitcoin holdings in spite of the current crypto market crash.

Bitcoin Treasuries data shows that the Nasdaq-listed mining firm, trading under the ticker FUFU, added 66 BTC to its Bitcoin holdings. This brings the total Bitcoin held by the company to a massive 1,454 BTC.

As per Bitcoin Treasuries data, BitFuFu now ranks 38th in the Bitcoin 100 following the recent increase in its Bitcoin holdings.

BitFuFu’s increase in Bitcoin holdings comes at a time when the overall cryptocurrency market has been hit by a massive sell-off in the past few days.

However, it is worth noting that the rise in Bitcoin holdings by BitFuFu is as of Oct. 31, before the recent increase in selling pressure in the crypto market.

The Singaporean mining firm reported that it had 1,388 BTC in its holdings by the end of September in its operational upgrade dated Nov. 6. This means its Bitcoin holdings in October revealed a 4.8% month-over-month increase.

Three consecutive months of increases in Bitcoin holdings by the Singaporean Bitcoin mining giant are evidence that the tech giant is not backing down from increasing its holdings in the top cryptocurrency.

BitFuFu’s latest increase in its Bitcoin holdings comes amid a massive drop in the tech giant’s mining output.

In a recent development, in its latest operational report, BitFuFu reported that it mined 137 BTC in October compared to 167 BTC mined in September. This shows that the tech giant’s mining output decreased by around 18%.

Out of the total 137 BTC mined in October, 67 BTC were mined through self-mining, while 70 BTC were mined through cloud mining.

The reduction in mining output by BitFuFu was mainly due to a huge increase in Bitcoin mining difficulty, which increased by around 11.8% in October.

However, BitFuFu was able to increase its Bitcoin holdings while keeping its mining power relatively stable.

In October, the total hashrate managed by BitFuFu was 19.5 exahashes per second (EH/s). This is compared to 19.4 EH/s recorded in September.

BitFuFu Chairman and CEO Leo Lu reiterates commitment to increasing Bitcoin holdings.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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It has been revealed that what Are Solana Privacy Rings? Inside Helius’ Privacy Protocol for Solana.

In a recent development, every transaction on Solana is public by default. Anyone can look up a wallet address and see its balance, what it has sent and received, and when. That transparency is useful for verifying the network, but a problem for anyone who doesn't want their finances on display: a business paying salaries, a trader building a position, or an individual who simply doesn't want strangers seeing their savings.

In a recent development, solana Privacy Rings are designed to fix that, without asking consumers to leave Solana for a separate privacy network. Developed by Solana infrastructure firm Helius, Rings launched on Solana's mainnet on November 10, 2026.

Introducing Solana Privacy Rings - encryption at the speed of Solana.

Rings are programmable, onchain environments for encrypting money, markets, and finance - without ever leaving Solana.

Now live on mainnet. pic.twitter.com/ezCIUCjcbI.

Sources indicate that solana Privacy Rings are programmable shielded pools: shared pools on Solana that hold encrypted balances. People deposit tokens into a Ring, send them privately to other Solana wallets, and withdraw them back to an ordinary public balance whenever they choose, according to the Solana Foundation.

Rings support SOL and other tokens on Solana, including SPL and Token-2022 tokens. Users keep custody of their funds throughout, since every transaction needs the owner's signature.

According to recent reports, crucially, the private balances live on the same network as everything else. Private transactions execute directly on Solana and encrypted data is stored on Solana's ledger, with no separate layer-2 network or sequencer in between. That means private balances sit alongside the same stablecoins, tokenized assets and DeFi liquidity as public ones.

The Solana Foundation describes its approach to privacy as "public by default, private by choice," letting each user or app pick how much privacy it needs.

Helius' developer documentation defines two levels of privacy. Confidentiality encrypts the asset and the amount of a transfer, while anonymity also hides who sent it and who received it. The default Ring is confidential: think of a bank statement where the names on each payment are visible but the amounts are blacked out.

It has been revealed that each private transfer comes with a zero-knowledge proof, a piece of cryptography that lets the network confirm the transfer is valid, for example that the sender actually had the funds, without revealing the numbers involved. Rings use a type of zero-knowledge proof called a Groth16 zk-SNARK, which Helius claims can be generated in tens of milliseconds, either by a service provider or on the user's own device. Each private transfer settles in a single Solana transaction.

Industry observers note that customers read their own encrypted balances with a viewing key. They can decrypt their balance locally, or let a service provider decrypt it and serve it to them, and they can share a key for a single transaction with an auditor or counterparty without exposing the rest of their history.

Recent findings suggest that moving funds into a Ring from an ordinary public wallet, or back out again, is visible onchain, including the asset and amount. But users who on-ramp from fiat currency straight into a private balance, through a supported provider, keep the asset and amount hidden from the start, according to Helius.

Because Custom Rings interoperate with the default Ring, regulated firms can keep their activity confidential from the market while still sharing the same liquidity as everyone else.

Private transfers are just the start. Solana programs can hold encrypted balances in private escrows and release them when set conditions are met, opening the way for:.

At launch, Decrypt, mining and staking app ORE and cross-chain service Aurora Intents were using the default Ring, while Backpack, DFlow, Jupiter, Squads and Titan were among the teams working on integrations.

Industry observers note that helius says the core programs and zero-knowledge circuits have been audited by security firms Certora, OtterSec and ZK Security. Engineers from the Solana Foundation, Blueshift, Zcash and other teams took part in the "trusted setup," the one-off ceremony that generates the parameters the proofs rely on.

The code is open source, published on GitHub under the Apache 2.0 license, so anyone can inspect how it works.

In a recent development, formal verification, a mathematical check that the circuits behave exactly as intended, is still underway and expected to finish by the end of 2026. Solana's own documentation at the moment describes Rings as being in beta.

Sources indicate that privacy tools also come with compliance questions. The launch came days after another Solana privacy protocol, Privacy Cash, temporarily paused deposits in light of the October 2026 Binance hack, saying it wanted to "make sure bad actors can't use our product" while it strengthened its wallet screening. Stolen funds from the hack had been deposited into its pools, according to blockchain analytics firm Elliptic. The default Ring leaves addresses, deposits and withdrawals visible, and Helius works with blockchain analytics firms Range, Chainalysis and Elliptic on wallet screening.

Industry observers note that rings are one of three privacy tools Solana itself offers. Its documentation also lists Confidential Balances, a Token-2022 extension that encrypts token balances and transfer amounts while keeping accounts public, and Private Channels, private execution environments run by an institution.

Across the wider industry, blockchain privacy tends to rely on four broad families of technology:.

Sources indicate that in short, Privacy Rings take the zero-knowledge route: they rely on mathematics rather than trusted hardware, and they hide amounts rather than performing private computation in the way FHE aims to. Their main distinguishing feature is where they run, on Solana's mainnet itself, rather than on a separate privacy network.

Decrypt has partnered with Helius to offer confidential transfers in the Decrypt Money Account using Solana Privacy Rings.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

With price at the moment trading at $1.096, XRP has already recorded another substantial drop. The market positioning of the asset remains weak, as XRP is trading below its major moving averages. Higher lows and fundamental improvements are two main priorities for the asset right now.

Sources indicate that XRP's last bullish hope was a short recovery rally towards the $1.34 price threshold. It failed to hold on to that momentum and tumbled towards the area where buyers previously stopped the summer decline. From approximately $1.34, XRP lost roughly 18% of its value and lost everything it built up throughout the recovery.

Recent findings suggest that but where would XRP finally settle down? Realistically, the closest support is the $1.075 level, matching the latest session's low, followed by the $1.03–$1.05 range and the $0.99–$1.00 area, both psychological and technical. A breakdown below, unfortunately, would put the summer bottom under pressure and open the way to further weakness.

In a recent development, but even if XRP is oversold, with RSI below 30, bulls might still stay sidelined. The XRP Ledger activated the fixCleanup3_4_0 amendment on November 4. It removed an exploit that, under certain conditions, let accounts authorized to burn an issuer's tokens also mint them. The native supply of XRP has not been affected, luckily, but the amendment is not a factor that can help XRP reach key market levels.

In a case, where bulls somehow wake up, a recovery towards $1.15 and $1.20 is the main priority, while a proper trend reversal would require a move toward the moving averages around $1.30–$1.35.

Recent findings suggest that whether buyers can defend the $1 level or not is the main test for the asset right now. Without substantial volume, a short-lived price bounce here won't change the situation as a whole, unfortunately.

NEAR entered November under pressure after losing much of its September advance. After briefly reaching approximately $6 in October, the token fell toward $3.66 on November 9, according to the daily NEAR/USDT chart.

That represented a decline of roughly 39% from the local peak and put NEAR back at an key moving-average support zone.

Trading activity has also weakened alongside the price. Volume remains substantially below the levels seen during September’s breakout, suggesting that buyers have not yet returned with comparable strength.

However, lower volume does not necessarily confirm that selling pressure has disappeared. NEAR continues to form lower highs, while recovery attempts remain below its shorter-term moving averages.

Institutional exposure remains part of the investment case. Bitwise’s spot NEAR ETF, debuted on September 29, held approximately 15.69 million NEAR worth $58.21 million as of Nov. 5. The fund reported that 99% of its holdings were staked.

Hyperliquid keeps going down and has recently violated an key moving average. It's now trading at $75, going further into downtrend, despite the strong fundamental background around Hyperliquid: Hyperliquid Strategies disclosure and a potential approval by the U.S. futures commission.

The broader market access, however, isn't something that the majority of retail investors consider a bullish catalyst, unfortunately. The asset has not yet found a strong bullish case. It's unlikely to be institutional too.

Technically, the bounce of HYPE/USDT could happen on 200 EMA, especially with a volume uptick and the recovery of the market in general. However, the selling pressure still overweights the buying support, according to exchange flows.

The netflow stays negative, and Hyperliquid is only yet to catch up with the bullish flow of the market. RSI confirms the thesis, moving around 40 and suggesting a bearish momentum, or a sideways movement at least. Volume should also surge substantially.

Key price levels for HYPE are: $72–$73 as the closest support level, $68 as the longer-term moving average, and $78–$80 as the first resistance level. Several moving averages sit at approximately $81–$85, so a breakthrough there should become a foundation for a price recovery.

Stellar already lost an important psychological level of $0.15, and there's a real scenario where XLM breaks down even more.

Sources indicate that 37% is the current recorded loss from its September peak of $0.235. The correction is rapidly erasing the recovery it has been building and finally invalidating it in October. The price is back in the accumulation range that was present back in May.

XLM moves below all major moving averages, with most of them aiming downwards and hinting at the aggravation of the current trend on the market.

With RSI and volume moving sideways or showing a descent, bear trend keeps the upper hand with sustained pressure on the price going further. The only positive signal could be the fact that RSI temporarily violated the reading of 30, which could be the sign of XLM approaching an oversold zone.

From a fundamental perspective, the Bell Protocol upgrade number 30 is the only thing that could set XLM apart from the rest of the market, with the vote scheduled for November 23.

The update will introduce: muxed contract addresses (ability to serve multiple people from a single smart contract), post-quantum signature verification and more.

In order to make the network more responsive, resilient and stronger in the future, millisecond ledger timing is also coming. It won't make the network faster on its own after the upgrade, but it opens up possibilities for developers to improve the network in the future.

Sources indicate that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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David Schwartz, the former chief technology officer at Ripple and one of the creators of the XRP Ledger (XRPL), has dispelled one of the most common myths regarding the key factors that could impact the price of XRP.

The former Ripple CTO took to the X social media platform to challenge the idea that the use of XRP as the native gas token of the XRP Ledger could be a major factor in determining the price of the cryptocurrency.

"I don't think anybody who knows anything has mentioned that the use of XRP as gas will be a major driver of the price of XRP," Schwartz wrote.

The comment was made as the Ripple veteran took part in the ever-growing debate centered around the poor price performance of XRP and the place of the cryptocurrency in Ripple's ever-expanding ecosystem.

The former Ripple CTO directed the audience's attention to a post from November 2025, in which he explained his thoughts on how mass adoption of the XRP Ledger could lead to greater value for the ledger's native cryptocurrency.

"The increased use and adoption of XRPL will add value to XRP by its privileged place on the ledger," Schwartz noted.

He emphasized that XRP has several unique properties, including the lack of counterparty risk, the fact that it's jurisdictionless, and its privileged place in the network's autobridging features.

In addition, Schwartz argued that it would be hard to imagine the XRP Ledger succeeding on a mass scale without XRP capturing a significant portion of the value created by such success.

"I really do think it's hard to think we could end up in a world where XRPL is successful and XRP doesn't get a good fraction of that value," he mentioned.

Nevertheless, Schwartz also mentioned earlier that the XRP Ledger was not created with the sole intent of pushing the price of XRP higher. Instead, the original goal was to create a fast and cheap payment system with a native digital asset and a decentralized exchange feature.

Schwartz's recent comments come as frustration among XRP holders over the poor performance of the cryptocurrency is on the rise.

As of Monday, the Ripple-related token was trading at around the $1.09 level, down more than 12% in the last seven days.

Recently, Schwartz admitted that his influence on the market price of XRP is very small.

It has been revealed that "Do I have anything to do with the price of XRP? Honestly? I guess probably not anything. But very little," he wrote during another interaction with critics.

It has been revealed that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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American brokerage giant Charles Schwab has announced that it is expanding its crypto trading platform, Schwab Crypto, with the addition of Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) for trading.

The three fresh coins expand the existing list of two cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), that can be traded directly. This now means that users can trade five cryptocurrencies directly on the platform.

Notably, however, XRP, one of the largest cryptocurrencies by market cap, is still missing from the list of available coins.

In its official press release, Schwab's head of digital assets, Joe Vietri, underlined the brokerage's commitment to further expanding its crypto trading options.

Also, the tech giant confirmed that it will be adding more cryptocurrencies and digital assets going forward. But it didn't specify whether this includes XRP.

Although XRP is not offered directly on the Schwab Crypto trading platform, it is still available to Schwab customers in one way or another.

Charles Schwab offers standard and micro futures contracts on XRP through its thinkorswim platform.

In July 2025, the company pointed out the availability of XRP futures with the ticker /XRP and also smaller micro contracts with the ticker /MXP.

It further expanded its derivatives trading platform with the addition of almost 24/7 trading for certain crypto futures, including Bitcoin, Ethereum, Solana and XRP, in June 2026.

Charles Schwab's aggressive approach to the crypto industry has been noticeable throughout 2026.

First, the manufacturer officially declared Schwab Crypto on April 16. In this announcement, it outlined its looks to introduce direct trading of Bitcoin and Ethereum for retail users.

According to recent reports, the next major development came on Oct. 15, when Rick Wurster, the CEO of Charles Schwab, confirmed the introduction of crypto transfers.

The platform now allows eligible customers to transfer eligible crypto assets to and from external wallets through the Schwab Crypto platform. However, this is not yet available to all customers. Access is being rolled out gradually.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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The leading meme-based crypto asset, Shiba Inu, has continued to face a severe price drop amid prolonged crypto market volatility, yet its user activity has remained positive.

While uncertainty caused by its frequent price fluctuations has persisted, it appears that new users have remained enthusiastic about the leading meme token project, and they have continued to join the Shiba Inu ecosystem.

Latest on-chain data from Etherscan shows that the Shiba Inu holder count has now reached 1,698,454 as of today, November 9, following the consistent growth seen in the past day.

This means that a total of 2,025 latest SHIB holders have been added to the ecosystem since the new month began, signaling sustained user growth even while its price performance has been extremely weak so far in November.

While the consistent increase in SHIB holders has been accompanied by a persistent decline in its price and slowed on-chain activity, it remains uncertain whether the rise in the number of holders could be pointed to increasing accumulation.

The surge in SHIB holders has drawn attention from market analysts as it comes after the network witnessed slow adoption late last month as nearly 2,500 wallet addresses holding the meme coin disappeared within just two days.

Nonetheless, it appears that interest in the meme token is picking pace again as a decent number of owners continue to join in everyday, positioning it to hit the long-anticipated 1,700,000 holder milestone this month as Shiba Inu presently needs to add only 1,546 more holders to hit this key level.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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According to recent reports, disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

North Korea's TraderTraitor group has started laundering funds stolen from Binance through newly created meme tokens, according to Elliptic.

The $6.4 billion Binance hack took place in October 2026 and was attributed to TraderTraitor.

According to Elliptic, the hackers have used this technique on Tron and NEAR, while a similar approach has appeared on Solana.

Recent findings suggest that between Nov. 5 and 7, 2026, the hackers launched at least six of these tokens on NEAR: FUK, OLCCL, MEILI, MMLI, DABI and SINU. Launching one cost around 25 NEAR (about $90).

According to Elliptic, the hackers paired each token with NEAR in a liquidity pool on a decentralized exchange (DEX). Wallets holding stolen NEAR deposited it into the pool and received the latest token. A second set of wallets then sold the token back into the pool and withdrew NEAR.

This way, the funds never move directly from the wallets holding stolen assets to the receiving wallets.

According to Elliptic, the receiving wallets look like ordinary traders who sold a token at a profit.

Each token got typical meme branding, from monkeys to an image of Elon Musk under an "Elon 2028 President" banner. Elliptic noted that Musk is not linked to the tokens.

Each token was sold for the first time less than three hours after launch, and at least 75% of its trading took place within one day. None of the six tokens has traded since Nov. 8, and the creators of four of them withdrew the remaining liquidity on that day.

According to recent reports, in total, 117,000 NEAR (about $421,000) moved through the scheme. Most of it then went into stablecoins or to a cross-chain bridge.

Elliptic noted that five of the six token creators received funds from a wallet that had been selling the previous token 2 to 13 minutes before the new launch, and in this way the operation funded itself.

The only outside activity was a few small purchases of FUK on its first day, which accounted for less than 1% of its volume, Elliptic said.

Industry observers note that according to Elliptic, the on-chain trail stays public, and the technique makes tracing the funds slower. The hackers can also create many tokens and abandon each one after use.

In 2025, after the Bybit hack, the same scheme moved at least $24 million through Tron. In that case, the hackers paired a worthless token with a stablecoin.

It has been revealed that in the Binance case, Elliptic identified a similar token on Tron on Nov. 2. On Nov. 3, stolen SOL was swapped into existing thinly traded tokens on Solana and then sold for USDC.

It has been revealed that elliptic said that so far only a small part of the stolen funds has gone through meme tokens. About 11.8 million NEAR from the theft has not moved yet, and at press time, NEAR is trading at $3.60, which puts these funds at around $42.4 million.

Elliptic also advises compliance teams to check funds coming from liquidity pools, especially pools with newly created tokens.

"Laundering is a race to move funds before they are flagged," Elliptic added.

It has been revealed that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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AI-assisted summary, reviewed by NullTX editors.

It has been revealed that finCEN's November 6 order cuts US financial institutions off from MEXC Global, barring any transmittal of funds to or from the exchange. The order spells out what is banned, what MEXC is accused of, and how the exchange has answered.

MEXC indicates user assets remain secure. The FinCEN order never suggested otherwise, and the gap between the exchange's reassurance and the order's actual target is the key to this story.

On November 6, the Financial Crimes Enforcement Network issued a final order under Section 9714(a) of the Combating Russian Money Laundering Act. It names MEXC Global a financial institution of primary money laundering concern in connection with Russian illicit finance. From there, it bars "covered financial institutions," a category that includes banks, broker-dealers and money transmitters, from any transmittal of funds to or from MEXC Global. Transmittals, as defined, include convertible virtual currency.

Industry observers note that on the MEXC side, the reach is wide. The order covers the exchange's subsidiaries, branches and offices outside the United States: MEXC Global Ltd and MX Global Ltd in Seychelles, MEXC Estonia OÜ, GIDA Technology AG in Switzerland and MXC Global Ltd in the United Kingdom. Former Singapore entities and any successors are included as well. US-based affiliates, by contrast, are expressly excluded.

The ban won't bite right away. It takes effect 30 days after publication in the Federal Register, which had not happened as of the announcement, and it carries no end date. FinCEN keeps the authority to attach conditions and grant exemptions, and willful violations can lead to civil and criminal penalties under 31 U.S.C. 5321 and 5322.

MEXC's statement is short and carefully built. The exchange states it is aware of the order and is reviewing it with its legal and compliance teams. It describes itself as operating normally, with user assets secure. It also says it takes the concerns seriously, plans to engage constructively with FinCEN and other regulators, and has started an independent review of its AML and sanctions controls.

Two points stand out. For one, the reassurance lines up with the order's text. Nothing in it freezes balances or halts trading, so "operating normally" is plausible. The threat is to MEXC's access to US financial counterparties, not to the exchange's wallets.

The other point is what the statement skips. It disputes none of the allegations, and the independent review it promises targets AML and sanctions controls, the very area where FinCEN notes the exchange failed. The order also invites anyone with relevant information to submit it to FinCEN, so MEXC already has a formal channel for the constructive engagement it describes.

The charges are specific. FinCEN assesses that MEXC facilitated at least $16.7 billion in likely illicit activity between May 2021 and May 2026, a figure Treasury's announcement rounded to $16 billion. The order splits that total across several categories.

According to recent reports, on Russia, FinCEN cites nearly $1.5 billion in direct and indirect exposure to sanctions-evasion transactions, including $232 million in direct dealings with entities sanctioned by the US, EU or UK. According to the order, MEXC processed about $129 million with Garantex and $4.1 million with its successor Grinex after both were designated, with activity continuing as recently as June 2026. It also points to at least $26 million benefiting the A7 Network and nearly $200 million tied to the ruble-backed A7A5 token. Beyond that, FinCEN notes MEXC handled more than $13 billion with four UK-sanctioned exchanges between May 2018 and July 2026.

Industry observers note that iran features just as heavily. The order cites nearly $2 billion tied to Iranian actors or terrorist groups, including about $1.87 billion in exposure to Iran and over $1 billion in direct transactions with more than 40 Iranian exchanges. About $22 million is linked to the Central Bank of Iran and the IRGC Quds Force. For North Korea, the order describes roughly $350,000 received by a sanctioned money launderer between June and September 2025. On cybercrime, it cites $1.99 billion in flows linked to illicit cyber actors and $37.9 million in suspected ransomware payments between January 2022 and July 2024.

The order then turns to MEXC's own rulebook. Its stated KYC and AML policies prohibit accounts in certain jurisdictions, yet FinCEN says the exchange facilitated transactions involving them. The order also notes that MEXC has operated without a license in Seychelles, Hong Kong and Japan, and it points to the Seychelles Financial Services Authority's May 2026 enforcement action against MX Global Ltd. All of this reflects FinCEN's assessments, drawn from public and non-public information, and MEXC has not answered them point by point.

According to recent reports, the order is not an OFAC sanctions designation, and the difference matters. A funds-transmittal ban limits what US-covered institutions can do with MEXC. It does not make it illegal for ordinary people anywhere in the world to hold an account there. The order also states that it leaves existing Bank Secrecy Act and OFAC obligations untouched.

Section 9714 gives Treasury two routes: the special measures of Section 311 of the USA PATRIOT Act, or a ban on certain transmittals of funds. FinCEN took the second and explained its reasoning. Recordkeeping requirements would still let transfers continue, and a correspondent-account restriction would miss funds moving outside a strict correspondent relationship. FinCEN also went with an order rather than a rulemaking, citing imminent threats and ongoing transactions.

In a recent development, one provision stands out for its practicality. FinCEN acknowledges that a covered institution often can't reject incoming crypto before it arrives, so the order allows discretion in cases such as funds that sat in an unhosted wallet for an extended period. The carve-out underlines how difficult enforcement will be in practice.

For most MEXC customers outside the US, nothing changes on day one. Counterparties face a tougher picture. Once the order takes effect, US banks, regulated exchanges and money transmitters will have to block transmittals to and from MEXC, and global institutions with US exposure have strong reasons to follow suit. FinCEN says plainly that the order puts US and foreign financial institutions and regulators on notice.

It has been revealed that before issuance, the draft went to the Justice Department, State, the Federal Reserve, the FDIC, the SEC, the CFTC, the OCC and the NCUA, and none objected. The order also fits into a wider Treasury campaign. It cites the October 1 Operation Economic Outcast action against the A7 Network, and a separate FinCEN proposal on A7 sub-agents followed days later.

Recent findings suggest that predicting how owners or markets will react would be guesswork. What users can do is track the dates, know which institutions they depend on, and watch for official updates from MEXC.

It has been revealed that finCEN used the same Section 9714 authority against the exchange Bitzlato in January 2023. This time, though, the target is by FinCEN's own account among the 20 largest exchanges by trading volume, with roughly 9% of centralized exchange market share as of December 2025 and about $5 billion in reserve assets as of June 2026. Applying a transmittal ban to an exchange of that size signals a more aggressive posture.

Three things will show what comes next. The first is the Federal Register publication date, which starts the 30-day clock. The second is whether FinCEN grants any exemptions or conditions. The third is what MEXC's independent review turns up, and whether the exchange shares the results. For now, the statement buys MEXC time without answering the order. The real answer will come from changes to its controls, and from whether its banking and liquidity partners are satisfied with them.

Sources indicate that disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

Will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

Sources indicate that paying a Bittensor subnet with gamma burns its alpha token. Here is how gamma gets minted, how the lower-price rule works and why the credit can never be converted back.Pay a Bittensor subnet for an AI answer with gamma, and your payment vanishes. The alpha token behind it gets burned, the credit gets spent, and nobody can redeem either one.One Wallet Replac….

ZetaChain's Governance Proposal 2 would halt its L1 around Dec 9, mint ZETA 1:1 on Solana and burn about 55M ZETA in monthly installments. Voting closes Nov 7.Headlines are calling it a 55 million ZETA burn. Read the proposal's own schedule, though, and nothing close to 55 million disappears on the day the chain halts. The figure is real, but it arrives in t….

It has been revealed that eZAR opened its rand-pegged token to the public on November 2 with R303 million in circulation. Its reserve yield is the feature that puts the stablecoin label to the test.Most stablecoin debuts promise a token that never moves. eZAR's disclosures say its holders can make money or lose it. The rand-pegged token went live to the public on November 2, and it….

According to recent reports, on-chain data shows the attacker behind the $6.3 billion Binance theft depositing about $4 million into three Binance deposit addresses. At the same time, Binance's first post-hack reserve snapshot shows its biggest assets covered with buffers as small as 2.7 ETH and $6 of USDT. Binance's full zero-knowledge proof of those figures is due by Tuesday.Some of t….

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Earlier today, gold bug Peter Schiff claimed that Strategy executive chairman Michael Saylor was trying to prop up the floundering investment product by carrying out heavy stock buybacks.

"Michael, STRC is dead. You have been keeping it alive on artificial life support with your buybacks," he wrote.

Industry observers note that according to Schiff, Strategy is running out of money to prop up its preferred stock. The ongoing Bitcoin market crash is going to aggravate the situation even further, he argued.

According to recent reports, "But you're running out of cash. And the selling pressure on STRC will increase as Bitcoin crashes," Schiff wrote.

The Bitcoin bear went on to criticize the generous 12% annualized dividend yield of STRC, saying that ultimately the yield wouldn't be enough to cover the risks of the product.

"It won't be nearly enough yield to cover the risk. 12%," he warned.

The stern comments from Schiff followed a typical bullish tweet from Saylor. In his post, Saylor claimed that AI could not mint latest Bitcoin.

"AI can make me rap. It can't print Bitcoin," the cofounder of Strategy wrote.

Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) seeks to provide regular dividend income to investors while trading near its $100 face value.

Currently, STRC offers a 12% annual dividend yield, which Strategy has been working to keep steady in order to keep the stock trading near its face value.

However, maintaining the price stability of STRC has come at a big cost.

It has been revealed that in its Q3 financial results on Oct. 29, Strategy reported that the firm had spent a total of $2.04 billion on repurchases of STRC as of Oct. 25.

Describing the heavy buybacks as a success, the firm noted it had successfully put STRC on the road to financial recovery.

However, these buybacks have come under fire from Schiff, who questions whether the firm can keep propping up investor demand by repurchasing its shares forever.

In spite of the bearish comments from Schiff, Strategy isn't budging on its strategy of ramping up its Bitcoin holdings.

Recent findings suggest that the firm's recent regulatory filing indicates that Strategy bought another 1,036 BTC between Nov. 2 and Nov. 8.

The total cost of these purchases is estimated to be $81.9 million, with an average purchase price of $79,012 per BTC.

With the latest purchase, Strategy now holds an eye-watering 850,364 BTC.

Recent findings suggest that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Sources indicate that ripple USD (RLUSD) now tops the chart for short-term volume growth on decentralized exchanges (DEXs), outpacing Ethena's USDe. RWA Foundation, citing Token Terminal data, highlights RLUSD's DEX trading volume jumped by $127.4 million over the past seven days.

According to recent reports, USDe, the synthetic dollar issued by Ethena, has a bigger market cap of $4.97 billion at press time. Its DEX volume grew by $71.4 million, giving RLUSD a $56 million lead for the week.

Other major DeFi stablecoins, Usual's USD0 and Aave's GHO among them, stayed below $20 million.

Ethena offers roughly 5% yield through sUSDe staking. According to Ethena's documentation, the main risk of its delta-neutral model, which relies on short positions in perpetual futures, is prolonged negative funding rates.

According to recent reports, USDe supply peaked above $14 billion in 2025. Ethena's fee switch and ENA buybacks are set to start only once the 14-day average USDe supply reaches $7.5 billion.

Industry observers note that RLUSD is issued under the supervision of the Upcoming York State Department of Financial Services (NYDFS) and backed 100% by cash and short-term U.S. Treasuries, with monthly attestations of its reserves.

BNY acts as the custodian of RLUSD reserves.

Sources indicate that in late October, the US Office of the Comptroller of the Currency (OCC) gave final approval to Ripple National Trust Bank. The bank will manage RLUSD reserves under federal oversight.

Besides it, RLUSD is available in Spark's Stablecoin FX pool on Uniswap v4, which lets corporate players make multi-million-dollar swaps.

According to RWA Foundation, about 92% of RLUSD turnover on the XRP Ledger (XRPL) runs through direct pairs with XRP.

Industry observers note that ripple also expanded its partnership with Robinhood. According to the companies, Bitstamp will use RLUSD on the XRP Ledger for settlement, while Robinhood plans to offer RLUSD to its retail customers by the end of the year.

At the same time, Coinbase added RLUSD to Coinbase Prime, Coinbase Exchange and its retail app, with 1:1 USD conversion on the XRP Ledger, Ethereum and Base.

According to recent reports, at press time, RLUSD's market cap stands at $2.69 billion, roughly half USDe's size. The stablecoin started 2026 at about $1.28 billion.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Telegram CEO Pavel Durov has shared fresh metrics on the Gram wallet integration in the messenger.

According to Durov, over the last 48 hours alone, users activated more than 700,000 non-custodial Gram wallets.

It has been revealed that the screenshot shared by the Telegram CEO shows more than 329,000 fresh addresses a day. According to GRAM documentation, a wallet is created automatically when a user receives their first token transfer.

700K+ self-custodial wallets created on Telegram in the last 48 hours alone. Adoption spreads virally: a wallet activates the moment someone receives Grams. The crypto revolution is going strong. https://t.co/JPO2KVMip0.

The growth comes after a series of changes Telegram made to the TON network earlier this year under Durov's "Make TON Great Again" campaign.

Back in 2020, Durov was forced to kill the original Telegram Open Network project and return more than $1.2 billion to investors after a lawsuit from the US SEC.

Community developers kept the open-source code alive as The Open Network (Toncoin).

This year, Telegram became the largest validator of the network. Besides, Telegram cut TON fees sixfold.

In June, the token was renamed back to its original name, Gram, after a community vote, with 81% of voters in favor. In July, Durov unveiled that Telegram would integrate a native non-custodial Gram wallet into every Telegram app.

The Telegram CEO described it as "the largest deployment of a non-custodial crypto wallet in history" and promised instant zero-fee transactions for more than 1 billion Telegram people.

Industry observers note that according to TON developer Andrew Rogozov, the custodial Wallet in Telegram will stay separate from the new wallet. Now, onboarding happens natively within standard chat windows.

Still, while wallet creation metrics break records, liquidity inside the network is lagging behind with total value locked at $42.01 million, according to DefiLlama.

These hundreds of thousands of new addresses are mostly making microtransactions, such as buying Telegram Premium, paying for in-app ads, or settling small P2P transfers.

Besides, Telegram's validator weight is raising centralization concerns among industry critics. At the same time, the native wallet is still unavailable for US users.

Recent findings suggest that at press time, Gram is trading at $1.05. The token is still more than 87% below its 2024 high of $8.25.

"The crypto revolution is going strong," Durov stated.

In a recent development, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

Industry observers note that thailand is giving crypto holders another reason to book a holiday. Foreign tourists can now convert their digital assets into Thai baht and spend them at shops and restaurants across the country.

The fresh WORPT payment app connects crypto wallets with Thailand popular QR PromptPay network. Visitors can make purchases without opening a Thai bank account, bringing crypto closer to everyday spending.

The launch comes as Thailand looks for fresh ways to attract international visitors and revive tourism spending. This latest Thailand crypto initiative could turn digital asset holders into another valuable source of tourism revenue.

JUST IN: 🇹🇭 Thailand rolls out payment system allowing tourists to convert crypto into its national currency for purchases.

WORPT was developed by Wipay and Waan Exchange (Waanx), with support from Tether, the organization behind USDT. The service operates under Thailand’s TouristDigiPay regulatory sandbox, overseen by the Securities and Exchange Commission.

The system supports cryptocurrency-to-baht conversions, including stablecoins such as USDT and USDC. Tourists deposit supported assets into the platform, convert them into baht, and use their available balance to scan Thai QR PromptPay codes.

The process works with existing merchant payment infrastructure. Restaurants, hotels, and retailers receive Thai baht through their usual payment channels rather than handling cryptocurrency themselves.

Sources indicate that foreign visitors also avoid the usual requirement of having a local Thai bank account. They can complete identity verification through the app before connecting an external digital asset wallet.

WORPT initially charges a 1.5% conversion fee, according to Thai media reports. The company is also preparing Visa prepaid card services, with physical cards planned for November and virtual cards expected in early 2027.

It has been revealed that the Mall Group has joined as an early retail partner, making it the first department store group to support the service. Its participation gives WORPT a major retail environment to demonstrate how crypto-funded spending works in practice.

Sources indicate that the rollout has an ambitious financial target behind it. Wipay expects WORPT to attract approximately 200,000 owners during its first year. The firm projects around 15 billion baht, worth $440 million, in spending throughout the initiative’s 18-month trial.

Industry observers note that its target markets include South Korea, Japan, the Middle East and Southeast Asia. These regions offer potential access to travelers who already hold digital assets and could use them to finance international trips.

Recent findings suggest that thailand’s foreign arrivals are heading toward a second consecutive annual decline, while international tourism revenue has also weakened. But tourism remains an vital economic driver, making higher-spending visitors particularly attractive. Crypto holders offer another potential customer base, especially as stablecoins become increasingly common for holding and transferring money internationally.

Industry observers note that having lived in Thailand for three to four years, I know that spending crypto there wasn’t always straightforward. Before services like WORPT, tourists holding crypto generally had to find a way to convert their digital assets into Thai baht before paying for everyday expenses. That could mean going through an exchange, arranging an OTC transaction, withdrawing cash, or transferring money through a local bank account.

Industry observers note that these added several steps to something as simple as paying for dinner, booking accommodation, or shopping at a mall. For someone who wanted to live on crypto, the process could promptly become frustrating.

There was another problem: trust. Thailand has also seen scams involving fraudulent crypto OTC brokers, fake exchanges, and people offering attractive conversion rates before disappearing with customers’ funds. Finding someone willing to exchange crypto for baht wasn’t necessarily difficult, but finding someone legitimate was another matter.

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In a recent development, disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Shiba Inu has crossed the bullish threshold: the 85 trillion level is gone, and the available supply on exchanges has now reached 86 trillion, which puts even more pressure on an already oversold and exhausted asset that has been struggling to find a base for recovery.

Sources indicate that mean exchange inflow data indicates a 606% increase on the 7-day moving average. All exchange-inflow related metrics are in green, which suggests a substantial injection of funds on the investors' side. Shiba Inu has been struggling on the market since the beginning of October and increased pressure isn't something we'd want to see.

It has been revealed that overall netflow stays positive, at 42 billion SHIB tokens in 24 hours. The dynamic is clearly bearish and reflects a consistent, gradual selling that is unlikely to make things better for the asset in the near term.

In a recent development, for those unfamiliar with on-chain dynamics in general: positive netflows suggest the presence of liquidity flowing into exchanges, creating a constant, strong source of pressure on the price. Even if not sold immediately, supply sitting on exchanges is usually destined to be sold at some point in time.

Historically, Shiba Inu has had a large share of its supply sitting on centralized exchanges, and almost every market rally it had since 2023 was followed by a surge of both inflows and sell-side volumes.

It has been revealed that shiba Inu's technical performance on the market isn't better than its on-chain counterpart. The asset has been struggling since the beginning of October, as mentioned above. The price lost more than 28% of its value and is set for a further loss potentially.

With rising inflows on top of it, we get a recipe for disaster: negative sentiment, a constant source of selling pressure, a worrying general market picture, and a series of hacks, exploits and other illicit activities surrounding the industry in general.

Momentum indicators are also 'in red': RSI is moving sideways around the reading of 30, hinting at the current trend continuation.

The trading volume is somewhat flat, suggesting constant pressure, and the liquidity clusters sit at levels the price has not reached yet.

Industry observers note that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice.

The no-code platform gives every AI agent its own wallet and on-chain rules, so agents can act on their own without putting their owners’ funds at risk.

According to recent reports, juvrixAI, a no-code platform for building AI agents on NEAR Protocol, has started the presale of its utility token, $JUX. The project tackles a central question of the AI agent era: how to let agents act autonomously, including spending money, while their owners stay in control.

AI agents become truly useful when they can finish tasks: finding the data, choosing the tool, paying for the service. But autonomy and payments create a trade-off.

Giving an agent direct access to a wallet or card means full spending power and full risk. Approving every payment manually keeps funds safe but removes the autonomy that makes agents valuable. And since agents can be manipulated through prompt injection, telling an agent to “be careful” is not a reliable safeguard.

Because the contract enforces the rules, a tricked agent still cannot exceed its limits or pay an unapproved recipient.

Purchase $JUX Token on Presale: https://juvrixai.com/presale.

Agent operators can stake $JUX to earn an on-chain verified trust badge that merchants can check before accepting a payment, helping services distinguish accountable agents from unknown ones.

$JUX is used to pay fees at a discount, unlock tiered discounts on agent execution, vote on templates and roadmap priorities, stake for verified badges, and gain priority testnet access.

How to participate in JuvrixAI $JUX Presale.

Interested participants in the JuvrixAI presale round can visit the official $JUX presale portal to participate in $JUX token pre-sale exercise: https://juvrixai.com/presale.

JuvrixAI is a no-code platform for building custom AI agents on NEAR Protocol, each with its own wallet and on-chain spending limits. JuvrixAI is based in Singapore.

Website: https://juvrixai.comPresale: https://juvrixai.com/presaleX: https://x.com/juvrixai.

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In a recent development, disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Cardano (ADA) has entered epoch 666, yet another milestone for the blockchain, which has been live since its launch in September 2017.

The number has drawn attention for its connection to the biblical 666, but the development also points to the Cardano network's basic timekeeping and staking mechanism.

Recent findings suggest that popular Cardano blockchain explorer Cexplorer displays that epoch 666 started on Nov. 5, 2026, and is expected to end on Nov. 10, with 1 day and 10 hours left to close. The milestone marks another five-day cycle finished in Cardano's long-running proof-of-stake system.

Cardano divides its operation into epochs, which are five days long and consist of 432,000 one-second slots. The importance of epoch 666 is largely symbolic and not technical, as it does not coincide with any major protocol upgrades or hard forks. But the number 666 has merely provided an interesting talking point for the Cardano community.

Sources indicate that in a separate milestone, the Cardano network has processed over 127,000,000 transactions on mainnet. According to Cexplorer data, Cardano has recorded a total of 127,203,164 transactions.

In upgrade news, DijkstraNet, the Dijkstra hard fork testnet, has been hard forked to protocol version 12 and is now available for testing and integration against the full Dijkstra feature set, with the exception of Linear Leios.

Node 11.2 was pre-released on October 28 and successfully used to transition DijkstraNet into the Dijkstra era, and DB Sync 13.8.0.0 was released for all networks.

In separate upgrade news, Midnight has completed its upgrade from Ledger 8 to Ledger 9, bringing upcoming capabilities for developers alongside security, compatibility, and performance improvements across the network.

Ledger 9 introduces native support for widely used cryptographic standards including ECDSA and Keccak-256, expands wallet and custody compatibility, and enables contracts to interact directly with one another.

Sources indicate that keccak-256 is the standard algorithm that Ethereum uses to scramble data into fixed-length cryptographic fingerprints. ECDSA is the standard digital signature method that networks like Bitcoin and Ethereum use to prove ownership of a specific wallet address.

According to recent reports, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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In a recent development, disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A trader on decentralized exchange Hyperliquid, whose wallet was previously linked to the exploit of SocialFi project UXLINK, has started closing $148 million in open positions after suffering heavy losses.

It has been revealed that on November 9, the trader debuted a 16-hour TWAP algorithm to sell off the positions. The algorithm is set to end by 06:00 GMT on November 10.

Recent findings suggest that the address was previously considered the most profitable one on Hyperliquid. However, the recent market downturn changed that, and the trader is now facing a net loss of $3.3 million.

The trader's Ethereum long position includes 30,282 ETH worth around $55.46 million, with a liquidation price of $1,740.

In a recent development, the trader also holds a 550,000 SOL long with 10x leverage. The position will be fully liquidated if the price of Solana falls to $65.6.

Besides, the trader holds 35.03 million XRP worth around $35 million, with a liquidation price of $0.94.

The selling of these positions is already putting pressure on the prices of all three cryptocurrencies.

In September 2025, UXLINK, a crypto social network with Telegram integration, suffered a hacker attack.

The attackers exploited the project's multisig infrastructure, which allowed them to drain the project's treasury and mint new tokens.

The total damage from the exploit and the subsequent crash of the UXLINK token price was estimated at around $42 million.

In August 2026, an anonymous trader deposited $11.54 million USDC on Hyperliquid.

According to EmberCN, the wallet that was used to pay gas fees for the trader received ETH from addresses that had previously received stolen UXLINK funds.

Since then, the trader has closed five profitable trades with a net gain of $5.71 million.

At the end of October, the trader was still holding $5.6 million in unrealized profit on the Ethereum position.

The recent market downturn erased that profit, and most of the trader's funds are now at risk of liquidation.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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AI-assisted summary, reviewed by NullTX editors.

Sources indicate that loopscale's Genesis Vault lent 4,597 SOL against a single kySOL token that the protocol valued as ten zBTC. The decimal mismatch behind it is the most instructive part of the incident, and a second attack path highlights how far the probing went.

In a recent development, one token worth roughly $120 was all a Loopscale vault held when it handed out 4,597 SOL, because the protocol read that token as ten Bitcoin-denominated coins. The arithmetic behind the mistake is simple.

Loopscale, a Solana lending protocol built around Genesis Vaults, paused operations on November 5 after a week of what it called a sustained campaign by a sophisticated actor. Its APIs were taking more than 30,000 malicious requests a day. Loopscale's pause announcement, as summarized on CoinMarketCap, says user deposits remain secure and affected vaults were restored. The team has not named the suspected attacker.

In a recent development, the loan itself can be traced onchain. A November 1 transaction demonstrates a wallet Loopscale identified drawing 4,597 SOL after depositing one kySOL, a restaked SOL token. The collateral deposit paired kySOL with a zBTC asset identifier, which backs up Loopscale's account that the collateral was valued as a different asset.

In a recent development, an independent researcher's trace found that the attacker bought one kySOL for about 1.31 SOL and deposited it into Loopscale roughly 154 seconds later. The protocol priced it as ten zBTC. At the loan's implied SOL price, that kySOL was worth somewhere near $120, while ten zBTC would be worth about ten Bitcoin.

The numbers line up with a decimal mismatch. On Solana, each token's mint account stores its own decimal precision, as Solana's documentation on tokens explains. kySOL uses nine decimals, like SOL, while a Bitcoin-denominated token such as zBTC uses eight. One kySOL is 1,000,000,000 base units, and read at eight decimals, that same raw balance comes out to 10.0. The protocol never had to be fooled about the price of Bitcoin. It only had to read one token's raw amount on another token's decimal scale.

That arithmetic explains the reported valuation, but it is not a root-cause statement from Loopscale. The team's own description is broader: a misconfigured combination of asset-pricing parameters caused collateral to be valued as a different asset. The result was an undercollateralized loan of about $412,000.

In a recent development, the harder question is how the protocol accepted a mismatch at all. According to the researcher's analysis, the attacker picked a price entry for zBTC, labeled the collateral as an Orca position and deposited kySOL. Under the Orca collateral rule, the kySOL mint was allowed to differ from the zBTC identifier. Labeling it as a standard SPL token would have failed, since that rule demands the mint and identifier match.

Sources indicate that that detail matters more than the decimals. Each rule looked sensible by itself, and the flaw lived in the combination: a price source, a collateral type label and a mint check that together let one token be priced as another. It also explains why Loopscale pointed to both its publicly inspectable program logic and its private transaction-building APIs. Thirty thousand requests a day reads like systematic probing for a combination the normal API would build or authorize.

In a recent development, loopscale's November 6 upgrade named two attack paths. The second went after the USDC Genesis Vault. Per the protocol, an atomic transaction bundle sold a loan carrying an extreme interest rate into the vault, inflating its net asset value and setting up a disproportionate redemption of about $521,000. Loopscale says its systems halted that redemption within 30 seconds of the transaction being generated.

Industry observers note that so the incident ended in two different outcomes. The SOL path produced a real undercollateralized loan, while the USDC path was an attempt the team indicates it stopped. Counting both as stolen would overstate the damage, and Loopscale maintains that depositors took no loss and that affected vaults were made whole.

Loopscale linked four addresses in its disclosure. The two Solana addresses are 247Lk5YNH9URfBBvxVUtDruz8GvGX8gKGuYHVCZThpiR and AzPh2dUV3duK9n8PWV6CxKMwWr9Rk7fxPNBZuv1CiwMr.

The two EVM addresses are 0xb8959Aca4e4C796A3BaDA66833eAe60b1BC0bfb2 and 0xB7Ec7eF24FD73f3000C651CA9D0Fa45b61DcF854. Reports indicate the borrowed SOL was bridged out of the protocol, which fits the pairing of Solana and EVM addresses.

The loan's later history is visible onchain as well. A November 3 liquidation of the same loan moved about 4,598.4 SOL from a separate wallet back to the lending strategy. The researcher's trace puts the figure at 4,598.434180621 wSOL against 4,597 SOL borrowed, a gap of roughly 1.43 SOL. The liquidator received the lone kySOL as collateral. The public record doesn't yet show who funded that liquidation, so Loopscale's post-mortem will need to explain how the vault was made whole.

The takeaways are narrow and practical. Decimal scales should come from the token's own mint data rather than a configured identifier, and a deposit should fail when the collateral's mint doesn't match the asset the pricing path assumes. Private transaction-building APIs deserve the same scrutiny as onchain code, because an attacker who can probe them tens of thousands of times a day can map out which combinations they will build.

Vault accounting needs limits too. An extreme interest rate that is legal in the program can still reprice a share if the vault treats the loan mark as authoritative, which is why the 30-second halt on the second path counted for so much.

Sources indicate that this looks less like a clever exploit than a missing sanity check. A deposit worth about $120 should never support a 4,597 SOL loan, and a simple ceiling on collateral value against the borrower's deposited units would have flagged it. Loopscale also lost $5.8 million in April 2025 to a pricing flaw before recovering the funds, so the next thing to watch is whether its post-mortem shows pricing safeguards that match how often this class of bug has shown up.

In a recent development, disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

In a recent development, will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

Recent findings suggest that ACryptoS lost about $665,000 across 77 vaults on five chains after a missing input check let attackers mint most of a vault's shares with a tiny deposit. Five exploiter addresses have been published.A vault is supposed to hand out shares in proportion to what you put in. ACryptoS's vaults handed out most of the pool for the price of one small token deposit,….

AKT stakers are close to approving Akash's move from Cosmos to Solana, with Mintscan projecting a pass at 97.2% yes as voting enters its final hours. But a yes on Proposal 346 opens a door rather than completing a move. Before a single AKT reaches Solana, two independent audits and at least two more on-chain votes still have to happen.The summary going aroun….

Sources indicate that daily pool data shows Sprout holders moved more than 300 ZEC out in a September rush, then almost stopped. The last withdrawal was on October 19. Unless someone acts in the next few days, nearly all of what remains will be unspendable at block 3,543,405.Most coverage of Zcash's upcoming Sprout freeze quotes the same figure, about 22,000 ZEC. That number is a….

It has been revealed that the OCC's final GENIUS Act rule sets a 5% cash floor and a 40% cap on any one counterparty. The Fed's open proposal uses neither figure, and its comment window runs until November 30. Issuers now face two sets of reserve rules that share a redemption deadline and differ on almost everything else.Ask a stablecoin issuer what its reserves must look like in 202….

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ethereum transactions can appear successful, but there might be a problem hiding behind the scenes.

A Geth developer has proposed a fix to the client's gas estimation, according to draft pull request #36084 on GitHub. The patch addresses an glitch in the current estimator, which could result in incorrect gas limits due to failed internal calls (calls from one smart contract to another) being ignored.

Although the transaction could still be completed, there is no evidence that the action the user wanted has actually happened.

The issue lies in a mechanism where a smart contract calls another smart contract, catches an error, and then proceeds to a refund, records the failure, or skips an item entirely. Technically, the transaction was successful, but the outcome is different for the user.

Sources indicate that this could potentially result in wallets suggesting a gas limit that is enough to finish the transaction, but not enough to complete the work inside it. The developer also noted that EIP-8037 could make this behavior more common, since gas returned from failed internal execution can help fund the fallback.

According to the pull request, the change includes a stricter definition of success for gas estimates. This version of Geth would improve the way it deals with internal failures, counting failed internal calls and contract creations instead of checking only whether the transaction completes.

Even if the transaction completes, the estimate would get rejected if it produces more internal failures than a reference execution with a higher gas limit.

Nonetheless, the developer stressed that an internal call that always fails should not push the estimate higher indefinitely. The reference execution enables the estimator to keep existing failures without allowing additional ones caused by insufficient gas. The proposal also introduces a separate Amsterdam reference, preventing unnecessary increases made purely to access the state gas reservoir.

The developer states that they've replayed 432 mainnet transactions with the new set of rules from the Amsterdam update and that the suggested change fixed 64 out of 67 cases.

In a recent development, the gas limit increased by 4%. 254 additional estimates were unaffected due to the lack of the problem, with 3 cases being undetected.

For regular investors, the proposed change should improve the reliability of wallet estimates and reduce transactions that complete without delivering the intended result, despite introducing higher gas limits in some cases. Luckily, there is no proven link between higher gas limits and higher fees.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Sources indicate that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Recent findings suggest that zcash has set a upcoming high in its network hashrate just days after the NU7 upgrade, which slashed block times by a third to 25 seconds. Zcash activated its NU7 upgrade on November 6, 2026, at block 3,543,405.

Sources indicate that the hashrate of the Zcash network has jumped 5.8% in 30 days to a new high of 32.62 GSol/s, according to Zecstats. This comes as Zcash developers continue to improve network performance and wallet privacy.

Sources indicate that zcash network hashrate: 32.62 GSol/s, up 5.8% in 30 days. ⛏️ An all-time high. https://t.co/1vNROBAvd2.

It has been revealed that zcash hashrate refers to the total computing power of all miners on the ZEC network. It is calculated by the current network difficulty, the average block find time set by the cryptocurrency network and/or the effective block find time of the latest blocks.

ZEC got 3x faster following the NU7 upgrade, which rolled out on November 6, with block times down from 75 to 25 seconds, and the Sprout pool retired, marking a upcoming era for Zcash.

Faster blocks mean more room for shielded transactions. NU7 adds per-block limits: 330 Orchard or Ironwood actions, 300 Sapling inputs and outputs, a shared budget of 330 across pools, and no upcoming Sprout JoinSplits. These limits more than double Orchard protocol throughput while reducing the worst-case sync load a spammer can push onto light wallets by about 37%.

NU7 does not raise Zcash's fixed 21 million cap; halvings will now come every 5,040,000 blocks instead of 1,680,000, so the issuance schedule holds at roughly four years per halving. NU7 also starts allocating funds for future mining rewards. Some 60% of aggregate transaction fees will flow into a public reserve that pays later mining rewards.

It has been revealed that in what comes next after the NU7 upgrade, Zcash developers have proposed cutting block times in a potential NU7.1 upgrade just days after NU7 went live. The proposal would reduce target block times from 25 to 20 seconds, aiming to speed up transaction confirmations and improve user experience and network latency.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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According to recent reports, disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

According to recent reports, XRP Ledger co-creator David Schwartz dropped his $1.7 million tax bill on X to settle a long-running fight over the token’s value. Ripple’s CTO Emeritus was swatting away haters who accused him of dumping XRP on the market. One commenter called XRP “a terrible investment,” adding that nobody would blame the engineer for heading for the exit. Schwartz kept it short: “The $1.7 million I paid in capital gains tax states otherwise.”.

In a recent development, in 2025, Schwartz sold about 2.5 million XRP, according to his own words. Nearly all of it came from bonuses for his work in 2020 and 2023. Posting the numbers was no accident. Schwartz is killing rumors about what Ripple’s "massive guns" really pocket and proving he has nothing to hide.

According to recent reports, the sale is one chapter in a bigger personal saga Schwartz has been unpacking piece by piece from 2024 through 2026. At his peak he held around 26 million XRP. By August 2026, that stack had shrunk to just 2 million. Describing the 92% drawdown, he chose his words carefully: “I think I’m down from about 26 million at my peak to about 2 million now.”.

Some went out as gifts and transfers, but he sold most of it on the open market.

According to recent reports, he started taking profits the moment the price touched $0.10. Schwartz admits he never believed the coin would break $0.25. The same paranoia made him dump his entire 40,000 ETH position at a measly $1.05 apiece.

“Obviously, I wish I hadn’t done those things,” the developer indicates of the billions he left on the table.

In a recent development, schwartz opposes the approach many attribute to as "diamond hands". He openly says he “really, really hates risk” and doesn’t count himself among long-term holders. He and his wife had an ironclad rule to sell a fixed slice of their holdings every time the price printed a latest all-time high. Cashing out is simply the cost of being able to “sleep better at night.” These days, volatility barely touches him as his net worth is now largely cut loose from price swings.

Based on his own admission, Schwartz moved most of his savings into Ripple stock. The shares are illiquid, sure, but they give direct exposure to the tech giant’s wins and fully insulate his personal capital from exchange chaos.

In a recent development, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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XRP's price correction has continued to deepen, with the leading altcoin retesting its multi-month low around $1.08, causing trading activity to intensify, especially among large holders.

Latest onchain data from crypto analytics platform CryptoQuant reveals that large XRP holders are moving an unusually high volume of tokens to Binance, stirring speculation about increased selling activity among whales.

Notably, the data shows that whales have deposited about 691 million XRP into Binance within 24 hours, marking the largest single-day inflow recorded since 2024.

While XRP was trading around $1.3 during the period, the total XRP that flowed into the exchange that day was worth about $900 million, drawing attention from market analysts.

The massive XRP inflow has stirred panic among investors about the asset's potential performance, as it has surpassed the previous inflow record seen during a major market correction in February 2025.

It is vital to note that the surge is not limited to a single day, as XRP's 90-day moving average of daily whale inflows has also surged above $100 million following recent market declines.

As such, the metric has reached its highest level in nearly six months, suggesting that large holders have been moving increasing amounts of XRP to Binance over an extended period.

The massive increase in XRP whale inflows has come as XRP continues to face a severe market decline, falling far below its local lows.

Following the extensive price decline, XRP has just retested its multi-month low around $1.08, a price level last seen on August 20, sparking fear among traders.

Although whale inflows do not necessarily mean that the whales have sold their holdings, the coinciding price bloodbath points to increased selling activity.

Industry observers note that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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In a recent development, disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Dog-themed cryptocurrency Shiba Inu (SHIB) saw trading volume surge as the broader cryptocurrency market faced fresh selling pressure early Monday, with about $1.14 billion in liquidations, CoinGlass data highlighted.

Recent findings suggest that shiba Inu's trading volume rose by 76.28% in the last 24 hours to $56.11 million, according to data from CoinMarketCap, indicating a surge in market activity during the recent selloff. The rise comes as traders react to falling cryptocurrency prices, which could encourage more buying and selling across major digital currencies.

Market reports confirm that Shiba Inu's trading volume jumped over 76%, a surge in spot trading amid the broader sell-off. It could also point to increased interest from buyers looking to accumulate SHIB at lower prices.

It has been revealed that volatile price action has liquidated crypto positions of over $1 billion in the last 24 hours. The majority of cryptocurrencies, especially in the top 100, are facing losses between 1.5% and 13%. Shiba Inu itself was down 1.54% in the last 24 hours to $0.00000438.

Recent findings suggest that the volatility set off a wave of forced selling in leveraged futures positions. Crypto traders had more than $1 billion in positions liquidated in 24 hours ($1.145 billion according to CoinGlass data). Most of these happened over the last six hours or so.

Longs—traders betting prices would rise—accounted for $1.03 billion of that total, meaning the market punished traders who had positioned for upward price movement.

Recent findings suggest that this week's tone is set by inflation statistics, with the consumer price index for October due on Tuesday, with economists forecasting a modest 0.2% increase in October. Producer prices rose 6.3% from a year ago in September, the largest yearly increase in more than three years.

Hotter readings would support the case for higher interest rates, making risk assets such as cryptocurrency less appealing.

Recent findings suggest that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Recent findings suggest that bitcoin snapped a seven-week holding above the 50-week moving average (MA) with a weekly close at $74,968. According to the latest Galaxy Research report, BTC settled 0.7% under this key line, which now sits at $75,488.

Alex Thorn, the firm’s head of research, calls it a fakeout. The history is on his side: it's standard Bitcoin mechanics to slip back under the 50-week MA right after a bear-market bottom, and it's what shapes the structure of the four-year cycle. It has happened exactly twice before.

Losing the trendline again right after reclaiming it is how the biggest cryptocurrency has always behaved. Previous cycles played out like this:.

The current chart is running the same script. From the $123,524 peak in October 2025, the coin bled 51.8% into the June cycle bottom at $59,517. A rebound then shoved the price back above the 50-week MA at $81,195. Today’s price is 7.7% off that September reclaim level, yet Bitcoin maintains a comfortable 26% cushion above the June bottom.

Thorn isn’t selling certainty. Two cycles is a thin sample, and bottoms only get confirmed in the rearview mirror. The margin for error is wide: in 2012, Bitcoin broke down again from 18% above the line, while in 2015 it held from just 8% above.

“Bitcoin just closed below its 50 week moving average after holding above it for 7 consecutive weeks. Two other times (2011-12 & 2019-20) btc closed below its 50w after reclaiming its post-bear bottom. Neither of those times did the bear make a newly introduced lower low (weekly close data),” the analyst notes.

Industry observers note that one level kills the bull case for this 4-year cycle: $59,517. Galaxy Research says on-chain metrics, whale positioning and market sentiment all point to a consolidation that is technically ripe for stacking on spot. The technical case stays alive as long as Bitcoin reclaims the 50-week MA and holds it within the next month.

It has been revealed that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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AI-assisted summary, reviewed by NullTX editors.

Recent findings suggest that base's Denim upgrade replaced Flashblocks with five canonical blocks per second. What that means for sequencers, RPC providers and smart contract developers is where the real story sits.

It has been revealed that for about sixteen months, Base's fastest blocks were only promises. Since November 5, they are the ledger itself.

Denim went live on Base mainnet on November 5, after activating on Sepolia on October 21.

According to the upgrade page, the chain now produces five complete canonical blocks every second instead of one every two seconds. Flashblocks, the preconfirmation layer that ran alongside the two-second blocks since July 2025, is retired.

Most coverage stopped at the speed figure. The sharper question is what separates a canonical block from a preconfirmation, because that gap decides what breaks and what improves for anyone building on the chain.

Sources indicate that those updates were the sequencer's early word on what the next block would contain. They were previews of pending state, and nothing in them had its own hash, state root or receipts until the two-second block was sealed. Developers therefore had to keep an early execution result mentally separate from a settled transaction.

It has been revealed that denim turns the 200ms unit into the real thing. Under Base's 200ms Native Blocks specification, every block carries its own number, hash, state root, receipts and forkchoice updates, and moves through the unsafe, safe and finalized stages like any other block.

The sequencer's job gets heavier and stricter. Instead of streaming fragments of a larger block, it has to build and execute a full block for every 200ms slot. The header keeps its timestamp in whole seconds, so Denim adds a metadata transaction, the BaseTime deposit, placed second in every block. It supplies the sub-second portion: 0, 200, 400, 600 or 800 milliseconds.

Timing rules are tight. Slots can't be skipped, and each block's full timestamp must land exactly 200ms after its parent's. That timestamp comes from a schedule tied to the Denim activation and the block number, not from the sequencer's clock, so wall-clock time only determines when a build begins. Once execution finishes, the client rejects any block that breaks the 200ms progression.

Recent findings suggest that this removes a layer of ambiguity. A preconfirmation was only as strong as the sequencer's word, while a canonical block can be validated, replayed and challenged by any node running the same derivation rules.

App developers face the biggest practical shift. Flashblocks streams ended at activation, so anything built on newFlashblocks, pendingLogs or the pending block tag has to move to canonical subscriptions like newHeads and logs. The migration guide lists the API changes required.

The seconds-based timestamp field stays as it was for compatibility. Block, header, transaction, log and receipt responses now include optional millisecond fields, timestampMs and blockTimestampMs, derived from authenticated BaseTime data. They are left out when that data has been pruned or is unavailable. One tooling detail deserves attention: the spec warns that the plain Alloy AnyRpcHeader type drops unknown fields, so anyone who needs millisecond timestamps must use a different type.

Node providers will see heavier traffic too. Dwellir's analysis notes that any service doing work on every block now does it ten times as often. Five fetches a second replace one every two seconds. Denim improves latency without adding capacity, so infrastructure bills are likely to climb.

Finality hasn't gone away either. Faster production doesn't erase the confirmation policy an application picks, and each 200ms block still passes through the same unsafe, safe and finalized stages. Bridges and exchanges that wait for a specific stage before crediting funds may need to rethink how many blocks they wait for, since a block count no longer equals the same stretch of time.

Industry observers note that this is the area that deserves the most urgent attention. Base's spec warns that block.number now advances ten times faster in real time, while block.timestamp still ticks in whole seconds. A contract that treats a block count as a duration will see that duration collapse to a tenth of what its authors intended.

The affected patterns are common ones. Timelocks and cooldowns measured in blocks expire in a tenth of the time. Vesting and emission schedules run ten times faster. Per-block rate limits reset five times a second instead of once every two seconds, which lifts the effective per-second limit tenfold. Governance voting windows set in blocks shrink the same way. Uniswap V3-style TWAP oracles stay accurate, but a fixed observation cardinality now covers less wall-clock history, so long lookbacks can revert sooner.

Contracts built on block.timestamp are unaffected. Where a block count can be adjusted through governance, teams proposal to divide it by ten. Where it is hardcoded into an immutable contract, the spec indicates it can't be retuned after activation, which leaves migration as the only fix. Denim also tightens transfer rules for Base's B20 token standard, and transfers to a token's own address now revert.

It has been revealed that the coming weeks will show how much of this stays theoretical. Three things are worth tracking: whether any immutable contract with block-count logic misbehaves, how providers cope with the jump in per-block requests, and whether apps built around Flashblocks have fully moved over.

Denim looks like a cleaner design than the layer it replaced. A preview mechanism gives way to a block anyone can verify, and developers pay for it with a real migration. Speed grabbed the headlines, but the lasting change is that Base's sub-second confirmations now stand on the same footing as the chain's ordinary blocks.

Recent findings suggest that disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

Will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

Industry observers note that enjin holders vote through November 13 on moving Matrixchain to OpenGov on November 16. Here is how the 15 tracks, the 1,000 ENJ deposit and conviction voting work, and what the Relaychain vote demonstrates.Enjin's new proposal deposit sounds steep at 1,000 ENJ. It's actually the cheap part.The Vote Closes Today and Matrixchain Governance Hangs on ItEnjin holders h….

Sources indicate that slowMist states five forged receipts with valid signatures let an attacker drain about $304,500 from Ankr's Ethereum bridge using one old Optimism deposit. Here is how the check failed.Every one of the five receipts was signed by the bridge's own trusted signer. Every one pointed to a deposit that had already been paid out.Five Withdrawals Against One Settled….

Recent findings suggest that the SEC's crypto broker-dealer proposal, RIN 3235-AN48, is under White House review with no public text. Here is what the four named rules require today and what review means.Four rules written decades before Bitcoin existed are now sitting at the White House for a crypto rewrite, and nobody outside the SEC has seen a word of the draft. What is known is the….

The SEC's Division of Corporation Finance called Canton Coin a digital commodity on November 3. The ruling rests on two representations, including the absence of a "central party."The most important words in the SEC's Canton Coin letter aren't "digital commodity." They are the ones the staff put in front of that label: the conclusion holds "in reliance on th….

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An enigmatic crypto whale has opened a giant leveraged short position in Nvidia (NVDA) on the decentralized trading exchange Hyperliquid amid the bombshell controversy surrounding the chipmaker's CEO, Jensen Huang.

As reported by blockchain analytics firm Lookonchain, a mysterious trader opened a 10x leveraged short position involving 30,000 NVDA contracts, equivalent to around $5.44 million.

The whale's massive bearish trade emerged soon after the Nvidia CEO publicly admitted to infidelity in the wake of explosive reports alleging that Jensen Huang was a target of Chinese intelligence.

In a recent development, the mysterious trader reportedly opened the position at around $181.33 per contract. With 10x leverage, the whale would need to deposit about $544,000 as initial collateral to control a $5.44 million position.

The shocking development comes as Nvidia faces one of the gravest controversies surrounding its leadership in recent times.

On Sunday, Nov. 8, Nvidia CEO Jensen Huang made a startling confession to employees about being unfaithful to his wife.

The revelation comes after The New York Times broke a bombshell story about Jensen Huang and his relationship with Chinese businesswoman Alice Huang, who was formerly employed by Megaspeed, a Singapore-based technology firm.

Industry observers note that the Times noted that U.S. intelligence believes Alice Huang was enlisted by China's Ministry of State Security to spy on the Nvidia CEO.

Recent findings suggest that the publication reported that a classified intelligence memo sent to top Trump administration officials said Beijing was looking to collect information on U.S. artificial intelligence technology.

Moreover, the purported intelligence operation was reportedly trying to sway Nvidia's stance on limiting the sale of its top AI chips to China.

Meanwhile, Megaspeed, a buyer of Nvidia's high-end chips, has also drawn the attention of U.S. authorities amid suspicions that AI chips restricted by the U.S. government might end up in China.

Nonetheless, the allegations of espionage have yet to be proven in the public domain.

It has been revealed that nvidia-related securities suffered substantial losses ahead of the U.S. market open following the scandal.

Nvidia's stock has fallen by around 8.8% over the past five trading sessions, although it rebounded by 2.8% on Friday.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Bitcoin (BTC) could face another significant correction as the November 3 U.S. midterm elections approach, with analysts pointing to a historical pattern that has coincided with major BTC price declines during previous election cycles.

With the 2026 midterm elections just days away, market observers are examining Bitcoin’s performance around the 2014, 2018, and 2022 elections to see whether another downturn is approaching.

Although the historical similarities do not establish that elections directly influence cryptocurrency prices, the repeated appearance of major corrections during these periods has raised questions about Bitcoin’s near-term direction.

It has been revealed that according to crypto analytics platform Alphractal, Bitcoin was already experiencing bearish conditions before each of the previous three midterm elections. However, selling pressure continued after Election Day, with the cryptocurrency eventually reaching significant cycle lows.

It has been revealed that looking back at the 2014 U.S. midterm elections held on November 4, Bitcoin was already caught in an extended bear market. The cryptocurrency continued declining in the weeks that followed, eventually reaching its cycle bottom in January 2015.

A similar development occurred in 2018. Bitcoin was trading around $6,400 when Americans headed to the polls on November 6. Although the market initially experienced a period of relative stability, BTC subsequently suffered a sharp decline, losing approximately 40% over the following month before establishing its cycle bottom in December.

Recent findings suggest that meanwhile, during the 2022 election cycle, Bitcoin had already experienced considerable losses by the time the November 8 elections took place. The collapse of cryptocurrency exchange FTX occurred around the same period, triggering another wave of selling that pushed BTC toward $15,500 and marked the bottom of that market cycle.

In a recent development, according to Alphractal, these three occurrences raise an interesting question about whether Bitcoin’s performance has any meaningful relationship with the U.S. electoral calendar.

The analytics platform emphasized that Bitcoin was already in a bear market ahead of all three elections. Consequently, the subsequent declines could have reflected broader cryptocurrency market conditions and the asset’s four-year cycle rather than the elections themselves.

Sources indicate that additionally, popular analyst Ali Martinez highlighted Bitcoin’s historical performance across four U.S. midterm election cycles.

According to Martinez, BTC recorded significant declines around the 2010, 2014, 2018, and 2022 midterm elections, with reported losses of 72%, 65%, 52%, and 27%, respectively.

The analyst considers this repeated downside performance a pattern worth monitoring as another election approaches on November 3.

Industry observers note that furthermore, Martinez pointed to Bitcoin’s fourth-quarter returns during previous midterm election years. His figures show that BTC gained 391% in the fourth quarter of 2010, while the cryptocurrency recorded losses of 16.70% in 2014, 42.16% in 2018, and 14.75% in 2022.

Industry observers note that the figures suggest that three of the four election-year fourth quarters ended negatively. However, the 2010 rally stands out as an exception, particularly because Bitcoin was still in its early stages of development.

For the upcoming election, Martinez identified $73,000 as an notable price level to watch. He pointed to Bitcoin’s short-term holder cost basis, which represents the average acquisition price of coins held by relatively recent market participants.

According to his assessment, this level could become an vital support area if selling pressure increases following the elections. A recovery from that region would potentially strengthen the bullish outlook, while continued weakness could signal further deterioration in market conditions.

Beyond the historical election pattern, technical analyst Crypto Patel has also raised concerns about Bitcoin’s immediate price direction, suggesting another substantial decline is possible.

Recent findings suggest that in a recent market revision, the pundit noted Bitcoin had already fallen about 12% from his previously identified short-entry area. He explained that his bearish outlook originated from technical chart analysis rather than negative headlines or developments affecting the cryptocurrency industry.

The analyst based his assessment on Smart Money Concepts (SMC), which examines market structure, liquidity movements, and price action to identify potential trading opportunities.

Notably, Patel explained that Bitcoin’s price structure had produced a higher high, leading him to anticipate a subsequent move toward a higher low. He also highlighted the removal of inducement liquidity and a higher-timeframe candle closing below the relevant inducement level as additional bearish signals.

Regarding his latest projections, he identified $66,000 to $62,000 as his potential downside target, provided Bitcoin remains below $81,950.

Industry observers note that however, the analyst also established a level that would invalidate his short-term bearish outlook. According to Patel, a higher-timeframe candle closing above $84,870 would prompt him to reconsider his position and return to a bullish stance, with expectations of a move beyond $100,000.

These projections suggest that Bitcoin could experience additional volatility as traders assess the market’s technical structure alongside the approaching U.S. elections.

At press time, BTC was trading at $71,454, down 3.92% over the past 24 hours.

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It has been revealed that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

XRP is showing the worst performance on the market since February of this year. With price at the moment trading at $1.12, the asset has already recorded an 11% loss over the week and 20% over the last month. The market positioning of the asset is one of the worst we've seen in the year.

It has been revealed that XRP's last bullish hope was a short recovery rally towards the $1.3-$1.34 price threshold. It failed to hold on to that momentum and quickly tumbled towards the $1.24 area, which opened it the way towards more losses. Since November 5, XRP lost roughly 14% of its value and lost everything it built up throughout the week.

Fueled by Binance's hack, the market is still fearful: Bitcoin and Ethereum both plunged. The biggest cryptocurrency risks falling below the $70,000 price area, while Ethereum is struggling around the $2,200 zone. In addition to Binance's turmoil, the industry as a whole is experiencing a series of security-related events.

But where would XRP finally settle down? Realistically, the closest 'fair' support is the $1 price level, both psychological and technical. Discussing a breakdown below makes little sense, unfortunately, due to the volatile nature of the market.

In a recent development, but even if XRP hits the round number support, bulls might still stay sidelined. There are little to no fundamental factors that can help XRP reach key market levels. Even worse, the market in general isn't favoring bulls, so bracing yourself for a prolonged correction might be the wise choice.

In a case, where bulls somehow wake up, a recovery towards $1.2 is the main priority, as it's the level where a lot of investors shoveled XRP in the past. The breakeven threshold often acts as both support and resistance point as investors tend to sell in exchange for not losing money on their positions.

Industry observers note that whether buyers can defend the $1 level or not is the main test for the asset right now. The selling is accelerating, volume is spiking up and a short-lived price bounce here won't change the situation as a whole, unfortunately.

Higher lows and fundamental improvements are two main priorities for the asset right now.

According to recent reports, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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The Ripple-associated coin is having a terrible time against Bitcoin during the current crypto market crash.

Recent findings suggest that it's down by a brutal 4.9% in the past 24 hours, according to data from CoinGecko. XRP is priced at around $1.10 at the time of writing.

The weekly losses have climbed to an eye-popping 12.4%.

Bitcoin, on the other hand, is down by just 1.4% over the past 24 hours. BTC is down 4.9% over the past seven days.

This means that XRP has lost nearly 8% of its value against Bitcoin in the past seven days alone.

XRP is also doing much worse compared to Ethereum, which is down by 7.4% over the past week.

Solana has lost 8.6% of its value over the past seven days.

The recent crypto market sell-off has been further fueled by shocking news about Nvidia CEO Jensen Huang.

Huang recently confessed to cheating on his wife amid reports that he was having an affair with a businesswoman accused by U.S. intelligence of having connections with Chinese espionage.

Nvidia's board of directors has opened an independent investigation into whether or not Nvidia's CEO was the victim of a foreign intelligence operation.

Nvidia has emphasized, though, that it doesn't have any reason to believe national security or corporate secrets were compromised.

Investors have been shaken by the news, with Nvidia shares declining by about 3.4% during after-hours trading.

The Nvidia scandal has added to concerns about the longevity of the artificial intelligence boom.

Bitcoin tanked to around $73,761 at one point on Sunday but has somewhat recovered since then.

Despite the dreadful performance of XRP, some notable people within the XRP community have taken aim at those who claim that the latest crash is symptomatic of some problems with the cryptocurrency.

I forgot to mention that your XRP thesis doesn't protect against the NVIDIA guy cheating on his wife.

Popular XRP Ledger validator Vet sarcastically weighed in on the Nvidia scandal.

"I forgot to mention that your XRP thesis doesn't protect against the NVIDIA guy cheating on his wife," he wrote on X.

Vet also noted how both Ethereum and Solana had taken massive hits.

According to recent reports, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

From a technical standpoint, SHIB has moved further into a downtrend.

According to the technical analysis, the price is struggling to hold the important psychological threshold: $0.00000500 has already been broken, and SHIB now trades at approximately $0.00000447.

Recent findings suggest that as for the future, SHIB is clearly moving in a longer-term downtrend; however, a local bounce toward $0.00000500 is possible. On the daily chart, the 200 moving average is at approximately $0.00000545.

Key price levels for SHIB are: $0.00000440 as the closest psychological support level, $0.00000410 as the next support, and 0.00000500–0.00000530 as the first psychological resistance level.

From the momentum standpoint, RSI is moving toward an oversold level. A break below the $0.00000410 support level could trigger a further decline, with a possible acceleration toward $0.00000400.

Sources indicate that according to Shibarium data, DeFi liquidity is getting thinner, and TVL (Total Value Locked) fell to $41,000 in late October. Such a volume is irrelevant for the price of relatively large assets like Shiba Inu, which require millions to move.

It has been revealed that token burning stays down too. According to ShibBurn service data, only 375 million SHIB were burned in the last 30 days. With almost 600 trillion tokens in circulation, it is a drop in the ocean for Shiba Inu.

TRON is now trading at $0.3207, below the 200 moving average on the daily chart. At the end of September 2026, the supply of USDT and USDD on TRON was $93,880,000,000.

It has been revealed that from a technical standpoint, on the daily TRX/USDT chart, the price has bounced somewhat from a local psychological support level of approximately $0.300. RSI remains below the neutral 50 level.

Key price levels for TRX are: $0.315 as the closest psychological support level, $0.305 as the next support, and $0.335 as the first psychological resistance level. On the daily chart, the 200 moving average is at approximately $0.328.

A break above $0.330 could put the price in recovery mode, opening the way to the $0.345 zone.

Based on data from TRON DAO's "Moving Trillions, Empowering Billions" research, the blockchain has already processed $2.2 trillion worth of stablecoins (settlement volume). The supply of USDT and USDD is at $93 billion, and total value locked crossed $13 billion.

It has been revealed that according to data from explorers, network utilization stays above 1.92 million USDT transfers. Demand rose while the TRX price declined.

Recent findings suggest that in September, according to Canary's official statement, a Staked TRX ETF was launched. It gives institutional investors and companies exposure to the asset, and they can now add TRX-related products to their balance sheets.

Sources indicate that zcash (ZEC) is currently trading at $1,272, moving sideways. From a longer-term standpoint, the overall trend is still bullish, despite the price weakness.

On the daily chart, key price levels for ZEC are: $1,220 as the 50 moving average, $1,080 as the 100 moving average, and $1,350 as the first psychological resistance level.

The Zcash network activated the NU7 update on November 6, a strong catalyst for the fundamental health of the network that cuts blockchain time from 50 to 25 seconds. It brings transaction confirmation speed to the next level, while rewarding ZEC mining activity even more.

RSI remains near the neutral 50 level. A break above $1,350 could put the price in recovery mode, opening the way to the $1,450 zone.

Considering the behavior of the market, a break below the $1,200 support level could trigger a further decline, with a possible acceleration toward $1,100.

From a technical standpoint, NEAR has moved further into a downtrend. NEAR Protocol is right now trading at $3.71. On the daily chart, the 50 and 100 moving averages are at approximately $4.25 and $4.65, and the 200 moving average is at approximately $3.65. RSI remains below the neutral 50 level.

NEAR Intents has seen more than $33,000,000,000 in volume.

Key price levels for NEAR are: $3.60 as a support level, $3.30 as the next support, and $4.65 as resistance.

In a recent development, more selling pressure could mean a further decline toward $3.00. A break above $4.20 could put the price in recovery mode.

NEAR Protocol's DeFi volume is healthier compared to Shiba Inu's, with $175 million in DeFi TVL, more than 77,000 DAU (Daily Active Users), and more than half a million daily transactions, DefiLlama data shows.

NEAR Protocol processed $37 billion in cumulative transaction volume across multiple chains thanks to NEAR Intents, including almost $1 billion in the last week.

According to recent reports, as the PEARL Integration page describes, NEAR's adoption of AI trading tools continues. PEARL puts matrix multiplications, which are used in AI inference, on top of blockchain security. It enables cross-chain operations on NEAR and adds various functions: confidential trading, payment utilization by AI agents, and integrations with NEAR's API.

Sources indicate that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

Industry observers note that the CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

In a recent development, jupiter (JUP) is refusing to follow the crypto market lower. While Bitcoin and major altcoins are experiencing a bloodbath, the Solana-based trading ecosystem is attracting attention for a different reason: its expanding business.

JUP’s relative strength comes as Jupiter rolls out four new products, expands its revenue-generating ecosystem, and continues accumulating tokens through its buyback program. Investors appear increasingly interested in what the protocol is building rather than simply following Bitcoin’s direction.

So what’s happening to the Jupiter crypto ecosystem?

It has been revealed that jupiter’s latest expansion, declared 2 days ago, introduces four products under its Aggregate Everything strategy: Baskets, Vaults, Pulse and Portfolio V3. Before this, Jupiter has already routed more than $2 trillion in cumulative crypto trading volume, but it now wants people to discover, own, earn from, and manage digital assets through one ecosystem.

In a recent development, 4 latest releases. 1 mission.Aggregate Everything. pic.twitter.com/vFBTFDGfoE.

Baskets allows consumers to purchase diversified token portfolios with a single SOL or USDC deposit. Vaults introduces curated yield strategies managed by independent experts, while Portfolio V3 adds trading, lending, and cross-chain transfer capabilities.

Its financial backing also deserves attention. Jupiter secured a $35 million strategic investment from ParaFi Capital in February 2026. It was the protocol’s first external capital raise after years of bootstrapped growth.

Meanwhile, its buyback mechanism directs 50% of revenue from several products toward JUP purchases through the Litterbox Trust. The trust has accumulated 186 million JUP, adding another fundamental component to the token’s demand.

Discover: The Crypto Presales This Q4 2026.

In a recent development, jupiter isn’t the only project attracting attention through its underlying development. Bitcoin Hyper (HYPER) is building a Bitcoin Layer 2 designed to combine Bitcoin settlement with Solana Virtual Machine execution.

The project has already raised more than $33 million through its presale, approaching Jupiter’s $35 million strategic funding figure. The difference? Bitcoin Hyper’s capital comes from presale participants rather than a single institutional investment.

Its proposed architecture uses a Bitcoin bridge, an SVM execution environment, and zero-knowledge proofs to support faster transactions and decentralized applications. HYPER also serves as the network’s native token, covering transaction fees, staking, and governance.

According to recent reports, the presale presently prices HYPER at just as low as $0.0136, with funding exceeding $33.26 million. Its staking rewards are also offered at a high 35% APY, offering an additional incentive for early participants.

In a recent development, that reward rate gives HYPER a different attraction from JUP. Jupiter’s buyback mechanism creates protocol-driven token demand, whereas Bitcoin Hyper promotes direct staking incentives for token holders.

When to buy HYPER? Bitcoin Hyper’s presale is scheduled to end on November 26, just 13 days away. Its testnet explorer is already live, with further network components planned as the project approaches its launch phase.

For those watching projects with substantial early funding and upcoming product milestones, HYPER is entering an key window. Its low nominal token price, advertised staking rewards, and approaching launch date are putting the presale firmly on the radar.

According to recent reports, JUP’s performance now faces an crucial test: whether its fundamental catalysts can sustain demand while the crypto market remains under pressure. JUP USD is trading near $0.26, with its technical structure showing improving momentum despite the crypto market downturn.

The daily Relative Strength Index (RSI) sits around 47, leaving room for further upside before the token enters overbought territory. Meanwhile, the MACD indicator has turned bullish, suggesting buyers are gradually regaining control. However, the 50-day moving average remains an obstacle, keeping the recovery from becoming a confirmed longer-term trend reversal.

The first major hurdle sits at $0.2750, where several technical indicators converge. A daily close above this level could open the door toward $0.2899, followed by the psychologically important $0.30 mark. A decisive break above $0.30 would strengthen the bullish argument and potentially put $0.32 within reach.

Suppose Jupiter attracts fresh spot demand alongside its ongoing buybacks and product expansion. Under that combination, JUP could eventually challenge the $0.36–$0.39 region, representing a much larger recovery from current levels.

But bulls still need to defend immediate support at $0.2588. Losing that level could expose the next demand zone around $0.2474, followed by $0.2350. A daily breakdown below $0.2350 would seriously weaken the recovery thesis.

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Flare CEO Hugo Philion has expressed his frustration about recent fear, uncertainty, and doubt (FUD) around XRP and reiterated that the future of the cryptocurrency should not be centered solely around Ripple.

The Flare CEO recently addressed in an X post the constant habit of XRP holders to evaluate the future of the cryptocurrency through the prism of what Ripple is doing and what it isn't.

"The value and narrative of XRP should never have been viewed as being dependent on the actions of a single actor," the Flare CEO mentioned.

The Flare CEO emphasized that XRP holders should instead concentrate their efforts on finding ways to improve the usability of the cryptocurrency.

In this context, Philion remarked that XRP holders need to consider three main questions.

It has been revealed that the first question is what XRP holders are actually doing to utilize their XRP holdings. The second is how they can convince potential investors to hold XRP.

Finally, the third point that the Flare CEO mentioned is that the XRP community should find a way to transform XRP from a predominantly speculative asset into usable capital.

"And that's part of the reason we created Flare because we feel like there's always been more that can and should be done with XRP," the Flare CEO added.

Besides, the Flare CEO also invited XRP holders to try Flare. According to Philion, it's a way to make XRP less dependent on Ripple.

The Flare CEO's statements come amid increasing frustration around XRP and the lackluster performance of the cryptocurrency.

Over the past year, the price of XRP has gone down by around 50%, and at press time, the price of the cryptocurrency stands at $1.16.

Recently, Ripple's former chief technology officer David Schwartz also faced some criticism over the poor performance of XRP. Schwartz noted that his influence on the XRP price was very limited.

One X user raised a question about whether FLR holders are doing enough to demonstrate the value of the cryptocurrency, especially when it's possible for XRP holders to use Flare's decentralized finance ecosystem without purchasing FLR.

Still, Philion dismissed the claim that there is no need for FLR when using FXRP (a tokenized version of XRP on Flare).

"It's incorrect btw that you can use FXRP without needing FLR," the Flare CEO clarified.

Recent findings suggest that according to Philion, what Flare Smart Accounts do is simply abstract away the need to manage FLR and make the experience more convenient. At the same time, FLR is used to pay transaction fees on the underlying networks.

Besides, the Flare CEO also underlined that in the long term, there should be more use cases for the token apart from transaction fees.

"Usage is important. Need to get fee generation going in a broader way in the ecosystem," he added.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Industry observers note that ethereum's intrinsic economics is rebuilding itself in motion with tech bugs and the macroeconomic picture overlaying each other in the span of 48 hours. The week wraps up for a major alternative crypto project with a sudden Glamsterdam hard fork stop after testnet launch revealed a dangerous bug in the fee recalculating mechanism, brutally breaking the logic in smart contracts.

As the Ethereum community debated the ability of the network to sustain on old power, Vitalik Buterin highlighted up with a manifesto which completely zeroes out all the panic around mainnet's decreasing revenue. The "red line" behind Vitalik's updated vision is that the community should stop being fixated on the idea of ETH as "fee-burninng token". For a basic blockchain layer worth $270 billion, attempts to build evaluation on the amount of gas burned are a dead end. For Vitalik, the novel of "ETH as store of value (SoV)" is much more viable amid all the global uncertainty around.

This U-turn, taken by a key visionary of the ecosystem, happened at $2,240 for ETH and may drastically change all the aims developed with a focus on Glamsterdam architecture. The hard fork was initially projected for the logic of blockspace surplus, not the deficit. Ecosystem builders are already readying expansion of L1 capacity with the help of EIP-8037 (tariffs calibration) and EIP-7928 (parallel production) with an aim to raise gas limits up to 200 million units. The logic is that the excess of free space will cheapen the transactions, while token burning rates will gradually be cut.

The market saw a risk of deflation in this concept. Vitalik took a front-step. By his estimates, the historical peaks of burning through EIP-1559 "never were as strong as they seemed". They were dependent on inner cyclical activity of crypto speculations. And it itself was falling once every bear market started.

Attempts to squeeze the premium out of the protocol by any means would push the system toward overly aggressive management and interventions, claims Buterin. Ethereum would be required to become a centralized commercial project with inflated costs on research and development in other words. What the market needs meanwhile, amid the rise of AI and regulatory storms, is not a "corporate shitcoin", but what Vitalik calls CROPS - "censorship and capture resistance, open source, privacy and security".

EIP-1559 is not going anywhere, and Vitalik openly notes "don't be sad" if the volume of gas burned will forever stay below the 10% mark. The source of value for Ethereum lies in completely another dimension.

It has been revealed that solana's co-founder, Anatoly Yakovenko, unexpectedly aligned with Buterin on this matter. "You can't focus on fees as the products", he stated, calling such an idea "absolutely meaningless". According to Yakovenko, the blockchain network must generate real value for the end users, not control the price of getting into the block.

Vitalik is absolutely right that you can’t focus on fees as the product. That’s absolutely meaningless. You need to pick a product, the thing that brings value to people, and do that really well.

Sources indicate that there is lots of technical stuff and philosophy around, but what the missed deadline on the testnet and Vitalik's manifesto reveal is that Ethereum opts for long-term, secure, and even a bit boring stability of the basic layer. Infra doesn't try to flirt with the market through deflationary records.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Recent findings suggest that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Dogecoin cofounder Billy Markus shared a lighthearted observation about Japan's unique dog culture in a post on X, pointing out the popularity of Shiba Inu dogs in Japan.

"Like, 50% of the dogs I see in Japan are Shiba Inu," wrote Markus, who goes by the online handle Shibetoshi Nakamoto.

like 50% of the dogs i see in japan are shiba inu i love japan.

Industry observers note that the Dogecoin cofounder's comment is based on his own observation when he was in Japan, where the Shiba Inu breed has deep cultural roots and is still one of the country's most recognizable native dog breeds. Markus' observation is noteworthy, as he is the cofounder of Dogecoin, a cryptocurrency that draws its origins from the Shiba Inu dog.

On December 6, 2013, Dogecoin was launched, taking influence from the famous Doge meme: an image of a very adorable Shiba Inu dog with multi-colored Comic Sans text that appears as the dog's "thought bubbles.".

This famous meme was based on a 2010 photograph of a Japanese female Shiba Inu dog, Kabosu, adopted by Japanese kindergarten teacher Atsuko Satō from an animal shelter in 2008. This helped establish the dog-themed cryptocurrency trend that later inspired several other tokens, including Shiba Inu (SHIB).

Kabosu, a Japanese Shiba Inu, inspired a generation of online jokes and became the face of Dogecoin cryptocurrency. Kabosu was the face of the breezy Doge meme, her quizzical expression surrounded by an inner monologue of choppy phrases in bad grammar written in rainbow-colored Comic Sans font.

In 2010, two years after adopting Kabosu from a puppy mill where she would otherwise have been put down, Ms. Satō, a teacher from Sakura, east of Tokyo, took a picture of her pet crossing her paws on the sofa. She posted the image on her blog, from where it spread to online forum Reddit and became a meme that bounced from college bedrooms to office email chains.

This inspired Dogecoin, which was started as a joke by two software engineers, Billy Markus and Jackson Palmer, and is now the 12th largest cryptocurrency, with a market capitalization of $11.17 billion, according to CoinMarketCap data.

Kabosu, the dog behind the "doge" meme, died in May 2024 after 14 years of internet fame.

According to recent reports, disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

According to recent reports, the CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

Why is crypto down? Bitcoin crashed below $69,000 just now, dragging the crypto markets into another brutal selloff. Ethereum slipped below $2,000, while several major altcoins recorded losses exceeding 6%.

Sources indicate that the decline comes as crypto faces a dangerous combination of shrinking dollar liquidity, institutional withdrawals, and aggressive leveraged selling. The situation is becoming increasingly uncomfortable. Investors are pulling capital from stablecoins and Bitcoin ETFs, leaving fewer buyers to absorb selling pressure. Once Bitcoin broke below $70,000, leveraged traders faced another wave of forced liquidations.

According to recent reports, the biggest warning sign comes from the stablecoin market, where the amount of available dollar liquidity is shrinking rapidly. Glassnode reported that major stablecoin supply declined by $14.2 billion over 30 days. This is the sharpest decline since the 2022 bear market, when the Terra collapse triggered widespread capital withdrawals.

It has been revealed that total stablecoin supply has fallen below $280 billion, returning to levels last seen around September 2025. Meanwhile, CryptoQuant recorded a $6.6 billion decline in USDT market cap over 60 days through November 7. This is concerning because the USDT contraction exceeded twice the decline recorded following the FTX collapse in December 2022.

Sources indicate that stablecoins function as crypto’s cash reserves. Traders use USDT and USDC to move between exchanges, purchase crypto, and maintain liquidity without leaving the blockchain ecosystem. So, when investors redeem stablecoins for dollars, that purchasing power leaves the market. Glassnode itself warned that shrinking supply leaves less fuel available for another rally.

The liquidity problem is arriving alongside persistent institutional selling. US spot Bitcoin ETFs lost $1.6 billion across 20 trading sessions. US spot Bitcoin ETFs recorded $47.7 million in net outflows on November 12, extending their withdrawal streak to six consecutive trading sessions.

Industry observers note that bitwise’s BITB led withdrawals with $26.4 million, while Morgan Stanley’s MSBT recorded $3.3 million in inflows. Ethereum ETFs also highlighted at least $8 million in net outflows in November 12 data.

Sources indicate that the combination creates an uncomfortable situation. Crypto is losing dollar liquidity while regulated investment products continue recording withdrawals. There are fewer fresh buyers available to support prices when sellers rush toward the exit.

Discover: The Crypto Presales This Q4 2026.

The liquidity squeeze eventually reached the derivatives market, where falling prices triggered another wave of forced selling. Bitcoin plunged 7% over 24 hours to $68,400 in 15 minutes this morning. Ethereum dropped 6% to $1,920, while BNB declined 6.3% and XRP lost 3.5%.

Liquidations also hit $1.64 billion over 24 hours. Long positions accounted for $1.46 billion, with more than 175,000 traders losing their positions. The damage accelerated after Bitcoin lost the $70,000 level. Traders betting on a recovery suddenly faced liquidation thresholds, forcing exchanges to close leveraged positions.

These forced closures created a feedback loop that pushed prices lower and exposed more leveraged positions. Macro conditions are not helping, too. Stronger US inflation figures increased expectations of another Federal Reserve rate hike in December, which is almost certain now.

According to recent reports, A stronger dollar and rising Treasury yields also weakened demand for speculative assets. Meanwhile, Nvidia’s leadership crisis unsettled technology markets, adding to the risk-off mood.

In a recent development, crypto now faces several problems simultaneously. Stablecoin supply is contracting, ETF investors are withdrawing capital, and leveraged traders are being forced out. The combination might answer our question today: why crypto is down.

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AI-assisted summary, reviewed by NullTX editors.

Recent findings suggest that webAI's open-weight TwIL-8B posts 98.2 on MATH-500 and states it tops Gemma 4 31B. The card's own footnotes show why the comparison deserves a re-run.

A model small enough to run from a roughly 5 GiB file on a CPU now claims a 98.2 on MATH-500. The most revealing line in its model card isn't a score, though. It's a footnote saying the competitor numbers were never re-run.

It has been revealed that webAI released TwIL-8B as an open-weight model on November 4, and its Hugging Face model card leads with ambitious numbers. The 8.8B-parameter reasoning model is post-trained from IBM's Granite 4.2 8B using full-parameter supervised fine-tuning, followed by GRPO/DAPO reinforcement learning. A final length-aware RL stage produces the "balanced" variant, which is the default.

The card reports 98.2 on MATH-500 and 88.3 on AIME 2025. It says TwIL-8B posts the highest MATH-500 and LiveCodeBench scores in its comparison group, which includes Gemma 4 31B at about 3.5 times its size. That claim is worth testing, because small models that beat larger ones are exactly what open-weight users want to hear.

On MATH-500, the card lists TwIL-8B at 98.2, Qwen3.5-9B at 96.6 and Gemma 4 31B at 87.9. On AIME 2025, TwIL-8B scores 88.3 against 87.1 for Gemma 4 31B. On LiveCodeBench, TwIL-8B scores 81.6 against 80.0, though that figure carries a dagger marking it as measured on the verbose variant, not the default balanced one.

The card is also more candid than most. It indicates TwIL-8B is not a knowledge model. GPQA Diamond comes in at 70.2, trailing Gemma 4 31B by 14.1 points, and the model also trails on MMLU-Pro and HLE. There is no safety or preference tuning beyond what Granite carries, and the license is non-commercial. That honesty makes the claims easier to weigh.

Here is where the headline gets complicated. TwIL-8B's scores come from webAI's own internal high-effort pass@1 runs. The card states that competitor scores are published figures and were not re-run.

In a recent development, gemma 4 31B's 87.9 on MATH-500 comes from Red Hat's evaluation of an FP8 build, using the lighteval harness, not from Google. The card itself notes that this figure is unusually low and may reflect answer extraction. In other words, the 10.3-point gap that anchors the headline compares one team's own harness against a third party's number that the card suspects may be understated.

According to recent reports, none of this makes TwIL-8B's result wrong. It means the margin isn't established until both models run under the same harness, prompt and sampling settings. For reference, Google's Gemma 4 model card is the source for several of the other Gemma figures in the table.

Read the whole table and the picture is more balanced than the headline suggests. In the card's head-to-head summary, TwIL-8B beats Gemma 4 31B on 3 of 14 shared benchmarks and loses 11. It leads on MATH-500, LiveCodeBench and AIME 2025, but trails on AIME 2026 (88.3 against 89.2), HMMT Feb 2026 (68.2 against 77.2), GPQA Diamond, MMLU-Pro and IFEval.

In a recent development, the AIME 2025 lead is the shakiest. The card claims AIME and HMMT sets have 30 to 33 problems, so one problem is worth about 3 points, and gaps of that size sit within noise. A 1.2-point margin is well under one problem, so the result is best read as a tie.

Against the closest same-size rival, Qwen3.5-9B, the card reveals the models roughly level on contest math, with TwIL-8B using fewer tokens: about 19.5k per AIME 2026 problem against 31.2k. That efficiency claim may turn out to be the more durable one.

The card makes replication unusually practical. The Q4_K_M balanced GGUF weighs 4.98 GiB and runs through llama.cpp, with a command given in the card. Larger Q8_0 and F16 builds exist only for the verbose variant. The model also needs a massive generation budget, since a short limit truncates its reasoning and scores far worse. The card suggests settings around 32,768 fresh tokens and a 40,960-token context.

In a recent development, anyone planning a check should expect three catches. First, the card indicates all its scores were measured on bf16 weights, not the GGUF builds, so a CPU run tests a slightly different artifact, and the card expects small deviations, most likely at Q4_K_M. Second, MATH-500 is 500 problems and each answer can run to tens of thousands of tokens, so CPU testing will be slow. Third, the decoding setup matters, since the card says none of its numbers use low-effort or thinking-off modes.

For a fair comparison, the same prompt, answer extraction and sampling must be applied to Gemma 4 31B too, ideally at full precision.

Sources indicate that the card also lists contamination caveats. Its training pools were decontaminated against AIME, HMMT Feb 2025 and 2026, MATH-500, GPQA, MMLU-Pro, HLE, IFEval, IFBench and LiveCodeBench using 13-gram matching. HMMT Nov 2025 and the HumanEval, MBPP and CRUXEval suites weren't in the decontamination set. The MATH-500 and AIME results fall inside the protected group, which counts in the model's favor.

According to recent reports, overall, TwIL-8B looks like a genuinely strong small model for contest math, code and instruction following, and the card is open about its weak spots. The claim to beat Gemma 4 31B is narrower than the headline suggests: a clear lead on one benchmark, a likely tie on another and a loss on most of the rest.

It has been revealed that the useful next step is a same-harness run of both models, with the bf16 weights as a control for the GGUF build. Until independent results appear, the 98.2 is best quoted as webAI's reported figure, and the size-beating framing is better described as unproven than wrong.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

Mark Arguinbaev is the founder of NullTX and owner of The Merkle, LLC, the publisher behind NullTX and The Merkle. Based in San Francisco, he sets editorial direction and standards for both sites and reviews the coverage published under his name. He is also the founder of Margin Systems.

Recent findings suggest that nanbeige4.3-33B matches Qwen3.8-27B at 20 on the Artificial Analysis Intelligence Index but uses 158K output tokens per task against 110K. Here is what that costs locally.Two models just posted the same score. One needed 158,000 output tokens per task to get there. The other needed 110,000.Same Score, Different BillNanbeige4.3-33B, a dense 33-billion-paramet….

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Industry observers note that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ripple's director of engineering Viijay Khanna directly confirmed that the manufacturer is readying 'significant plans' for XRP Ledger in 2027. The remark came amid the debates around the blockchain's speed, when critics put the XRP network's stats (around 1,500 transactions per second) against the average daily load of Visa, labeling the XRPL "an outdated copy of legacy payment systems".

"We have significant aims for performance improvements lined up for 2027", remarked Khanna, effectively ending speculations.

Ripple's engineering department is aiming to exit the race for beautiful numbers behind the TPS metric. The logic is that the basic Layer-1 does not need to digest millions of small transactions directly. Retail microtraffic then goes to the second layer like Dassie (Interledger). The task of the main layer thus becomes maintaining large funds of banks and institutions.

The first step to this kind of independence from "heavy blockchain metal" was made this month with the fresh release of xrpld 3.3.0 which cut the appetite of nodes to RAM by 13-23%.

Technical audits show that the concern was not in simple code flaws, but the caprices of the system's allocator: the software was literally withholding the server's resources after the cache emptying. Bug fix therefore allowed validators to radically decrease infrastructure costs.

For further improvement of the current operational environment on November 4, the network got a fixCleanup package.

Khanna's short commentary is not an attempt to snuff out critics, but a marker of an ecosystem's overhaul for the needs of commercial banks. Ripple's president Monica Long has already confirmed a blueprint to relay the big chunk of the manufacturer's clients' payments directly on XRP Ledger. Cross-border remittances will be tied to new lending infrastructure as well.

To make sure the network will not flood from institutional funds, XRP Ledger Foundation already presented a 2027 roadmap with these as main highlights:.

Recent findings suggest that the overhaul of XRP Ledger is a preventive hit on the network's future overload. Ripple ecosystem builders rewrite the basis, using AI teams for strict testing and code optimization. XRP Ledger is being readied for the moment when transactions with RLUSD stablecoin, tokenized stocks trading, and interbank lending become a routine and not just pilot projects.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Sources indicate that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A discussion regarding the throughput of major blockchains emerged after an X user, 'Minus Wells,' claimed that 1,500 TPS is not the future of finance, not even 5,000, adding that this is roughly Visa's average throughput on a normal day.

In a recent development, "1,500 TPS is not the future of finance, not even 5,000. Sorry, they lied to you for engagement. That's roughly Visa's average throughput on a normal day. Congrats on matching the legacy system," Wells wrote.

It's a process. 1) Not every transaction needs to be settled in seconds immediately. Payment channels or higher layers like Dassie (Interledger) are much better suited for mass (micro) payments. MasterCard is looking to do more hackathons afaik with the XRP Ledger after the successful one at Swell leveraging this and AI. Batched settlement of institutions is good enough in the meantime to be very beneficial vs tradFi. Until: 2) I strongly believe we'll scale the L1s very sharply, not only XRPL, thanks to AI helping us to advance this tech even further. We are continuously pushing throughput higher and there is a lot of potential (!!!) for significantly more.

While Visa's network (VisaNet) has a technical capacity of 65,000 to over 83,000 transactions per second (TPS), its actual average volume runs at approximately 8,100 to 8,500 TPS. The post attracted attention in the XRP community given that the XRP Ledger sustains a throughput of 1,500 transactions per second (1,500 TPS) on commodity hardware.

Recent findings suggest that wells clarified he was not personally attacking XRP, claiming that XRPL, Avalanche, Stellar, Tezos L1, Cardano's Leios experiments, and OP Mainnet swap tests have all published throughput figures or results below 5,000 TPS. "Those aren't equivalent tests or necessarily current hard ceilings. But the question applies to everyone: can the infrastructure handle the demand future finance could bring?" he asked.

Hussein Zangana (Vet), XRP Ledger Foundation director of community, responded to claims regarding L1 blockchains' scalability with respect to XRP, saying "it's a process.".

In a recent development, vet made a case for the comparatively lower TPS of decentralized blockchains, noting that not every transaction needs to be settled in seconds. He pointed out that payment channels or higher layers like Dassie (Interledger) are much better suited for mass (micro) payments.

With respect to XRP, Vet noted that Mastercard is looking to do more hackathons with the XRP Ledger after a successful one at the Swell event while leveraging AI.

It has been revealed that batch, which allows multiple transactions to be bundled into a batch that is processed all together and was released on the XRPL mainnet in October 2026, stands to benefit the XRP Ledger in this regard. "Batched settlement of institutions is good enough in the meantime to be very beneficial vs. TradFi," Vet added.

The XRP Ledger Foundation director of community highlighted massive scaling potential for the XRP Ledger and L1 blockchains.

According to recent reports, "I strongly believe we'll scale the L1s very sharply, not only XRPL, thanks to AI helping us to advance this tech even further. We are continuously pushing throughput higher and there is a lot of potential (!!!) for significantly more," Vet wrote.

Sources indicate that disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Binance, world's biggest cryptocurrency exchange, officially reopened Hyperliquid and Aptos withdrawals, giving users a freeway to operate with HYPE and APT tokens. Confirmed by Yi He, platform's co-founder and president, the resurrection of operation came after finalization of the audit. What lies behind the announcement is the conclusion of week-long retaliation with the HYPE community as holders of native Hyperliquid token needed to wait longer than others to be able to withdraw from Binance.

💁🏻‍♀️ Withdrawals have now been re-enabled for the following networks and assets: Upcoming: ✅ HYPE ✅ APT.

Recent findings suggest that the predecessor of this story is the biggest cyberattack in history when, according to the FBI and Chainalysis, the North Korean hacking group TraderTraitor emptied Binance's hot wallets for about $6.3 billion in a matter of 20 minutes. What happened next is the exchange blocking $3 billion with the help of Tether, Circle; its pledge to cover 100% of owners' money from the SAFU fund; and thorough audits across Solana and Ethereum chains. Then, starting November 1, Binance started reopening tokens for withdrawal.

Industry observers note that HYPE was the last to become eligible and the community behind DeFi giant met such a measure with discontent, crying about sabotage and unfair competition tactics. It's not that deep: Hyperliquid, being the headliner of decentralized finance, amasses a big share of the pie in on-chain derivatives trading, and of course this affects Binance's business.

It has been revealed that the retaliation between the two has continued since 2025 when Hyperliquid founder Jeff Yan publicly accused Binance of lowering liquidations data after the October 10, 2025 event, when positions worth around $40 billion were marginally closed across the crypto market. Binance then delayed the spot listing of HYPE token until September 24, 2026 and gave it 'Seed Tag', which is usually applied to high-risk cryptocurrencies. Binance founder Changpeng Zhao diplomatically refused the accusations and said that strong decentralized exchanges on the contrary increase 'the pie' for the whole industry.

The delay indeed has a technical aspect. HYPE operates within its own Layer-1, HyperEVM. Auditing a custom blockchain architecture — not standard EVM or Solana-based — in the aftermath of such a hack requires more time and attention to be carried out properly.

According to recent reports, in the wake of the cybersecurity crisis the pause was still interpreted as corporate vengeance. This makes Yi He's words and the demonstrative relaunch of withdrawals a sign that obligations for clients take priority over market rivalry.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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Sources indicate that disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Recent findings suggest that according to the CryptoQuant data, the top-10 wallets have deposited 2 billion Shiba Inu tokens in the last 24 hours. The data indicates that the wallets have deposited a little more than 2 billion SHIB at $0.00000446.

These whales have deposited 2.281 billion SHIB over the past 24 hours, according to data from CryptoQuant. The total Shiba Inu exchange reserves currently sit at 86.1617 trillion SHIB worth $384.28 million.

Industry observers note that cryptoQuant also spotted another 3.4772 billion SHIB withdrawn from exchanges over the past 24 hours. The statistics on exchange net flow paint a somewhat different picture.

Industry observers note that over the past 24 hours, SHIB saw 20.0745 billion tokens in negative net flow on all major exchanges. If whales move their funds to exchanges en masse, this usually means short-term selling pressure.

Shiba Inu exchange reserves lost 0.02% with the dollar value of those reserves slipping even more, by 0.47%.

The pain point is the rapid decline in early November, as Shiba Inu continued falling after a short-lived rally.

TradingView data indicates that SHIB price has recently lost an crucial support level at $0.00000480. $0.00000410 might be the next point of a further decline if support is invalidated.

Shiba Inu price is right now trading at $0.00000447, moving sideways around the local bottom. The local support sits at around the $0.00000440–$0.00000442 range.

A break above $0.00000480 would put the price in recovery mode, opening the way to the $0.00000540–$0.00000550 zone tested in October.

Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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The brief surge in altcoin prices has faded swiftly, according to analysis shared by crypto analyst Darkfost. Altcoin market capitalization, excluding Bitcoin and stablecoins, climbed by $320 billion from mid-August through the end of September. However, much of that advance has since been wiped out.

In a recent development, A broad rebound had lifted most assets listed on Binance, and in mid-August, 82% of those altcoins sat below their 200-day moving average. By early October the figure had dropped to just 10%, as such, nearly 90% traded above the long-term technical level and pointed to improving momentum.

That strength reversed as macroeconomic and political conditions worsened, and geopolitical and trade tensions remained elevated. Notably, the Federal Reserve, the European Central Bank, and the Bank of England all raised interest rates.

Additionally, midterm election results saw Democrats lose both chambers of Congress, thus adding further uncertainty.

According to recent reports, meanwhile, Equity markets witnessed a massive sell-off, with technology shares hit hardest. Former President Donald Trump linked the decline to the election outcome. The Nasdaq has fallen 14% from its recent peak, compared with a 6% drop for the S&P 500.

Sources indicate that altcoins suffered in the risk-off move as their total market capitalization declined by roughly $200 billion, erasing nearly two-thirds of the earlier gains. On Binance, about 70% of altcoins now trade below the 200-day moving average, a level approaching the 80% seen earlier and underscoring broad weakness.

Recent findings suggest that the shift from the early October picture has been rapid, turning a widespread rally into a correction across most of the sector. Extreme readings of this kind have at times marked turning points in the past.

At report time, CoinMarketCap’s Altcoin Season Index at the moment stands at 38. The reading means 38% of the top 100 altcoins have outperformed Bitcoin over the past 90 days. This sits well below the 75 threshold that signals altcoin season and above the 25 level associated with Bitcoin season, reflecting a mixed market still tilted toward Bitcoin leadership.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​.

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AI-assisted summary, reviewed by NullTX editors.

ZetaChain's Governance Proposal 2 would halt its L1 around Dec 9, mint ZETA 1:1 on Solana and burn about 55M ZETA in monthly installments. Voting closes Nov 7.

Headlines are calling it a 55 million ZETA burn. Read the proposal's own schedule, though, and nothing close to 55 million disappears on the day the chain halts. The figure is real, but it arrives in twelve installments over 2027.

ZetaChain published Governance Proposal 2 on November 4, and its announcement post lays out the mechanics. About 55 million ZETA of undistributed validator emissions will be burned monthly through 2027, following the schedule on which they would have been emitted. The roadmap in the same post puts the pace at twelve monthly burns of roughly 4.6 million ZETA each, from January to December 2027.

In a recent development, that detail changes how the number should be read. Most of the early flash coverage collapsed it into a single burn, which implies an immediate supply shock. The staged schedule tells a different story. These tokens were never going to circulate, because they are validator rewards for an L1 that is about to stop. Burning them on the original emission timetable keeps the published release schedule intact and introduces no new mechanism, as ZetaChain's FAQ puts it.

Industry observers note that governance Proposal 2 builds on Proposal 68, which approved the move to Solana in September with 99.4% in favor. Proposal 2 supplies the mechanics. Voting runs 72 hours and closes on November 7, and ZetaChain says nothing moves unless it passes.

If it does pass, every ZETA balance is recorded at snapshot block 20,755,000, expected around December 9. The ZetaChain L1 halts at that same height and isn't restarted. Claims open the same day through the ZetaHub migration portal, and ZetaChain's new private AI app, ZetaLabs, introduces alongside it.

The proposal also pairs the migration with a fresh whitepaper, which ZetaChain calls the document of record for the token after the move.

The snapshot goes well beyond a simple wallet count. It records liquid, staked, unbonding and unclaimed-reward balances. Staked ZETA is credited automatically, so nobody has to unstake, and exchange balances convert without any action from holders. Staking rewards stop at the snapshot height.

Holders who want to claim directly face a short process. They connect the wallet that held ZETA, sign a message naming a Solana wallet, and receive the full balance shortly afterward. The claim costs no fee and requires no SOL. According to the post, the portal asks only for a signature, never for a transaction or a seed phrase. A minimum of 10 ZETA at the snapshot is needed to claim.

Two edge cases deserve attention. First, ZETA wrapped or sitting in pools and contracts can't be claimed by a key, so holders need to unwrap and exit before the snapshot. Second, assets still held as ZRC-20 tokens at the snapshot can be claimed back on their original chain through a separate bridged-assets page, with a $5 minimum per token. Both are the kind of detail that catches people out when a deadline arrives.

Sources indicate that on Solana, ZETA becomes a native SPL token under the same ticker, with 9 decimals and no freeze authority. The full snapshot total is minted before the portal opens, and then the mint authority is revoked, so no one can ever mint more. No third-party bridge is involved.

Recent findings suggest that that sequence is the strongest holder protection in the plan, and it is also the part that can be checked in public. The supply stays capped at 2.1 billion less whatever has been burned, and ZetaChain says it will publish the SPL mint address and the migration program address before December 9. Once those exist, anyone can compare the minted total against the snapshot and confirm that the authority was actually revoked. That confirmation deserves the most scrutiny.

Meanwhile, the portal and its program are under independent review by Hacken, and ZetaChain states the portal opens only after the review is complete and the report is published. The ERC-20 version of ZETA on Ethereum is unaffected by the proposal. Purchaser and core contributor vesting completes on January 1, 2027, and ZetaChain says no newly released ZETA will be sold in 2027.

The biggest practical risk is inattention. Most holders don't need to do anything until December 9, but exchange people depend on each exchange's own conversion window, and anyone holding ZETA through a contract or pool has homework to do beforehand.

According to recent reports, scams add another layer of risk. Any migration with a claim portal invites imitators, and ZetaChain tells holders to trust only its official domains and social accounts. A simple rule of thumb helps here: a site that asks for a seed phrase should be closed immediately, since the legitimate flow only needs a message signature.

On the technical side, claims are checked against the published snapshot rather than the live chain, so they continue to work after the halt. ZetaChain says it will announce any change to the process in advance.

Industry observers note that the vote decides the terms, not the direction. If Proposal 2 fails, the direction approved in Proposal 68 stands and ZetaChain returns with a revised proposal. Nothing moves on these terms.

In a recent development, if it passes, the sequence is clear. The security report, mint address and migration program address arrive before December 9. The snapshot, halt, mint and portal opening follow on the day, and the monthly burns run through 2027. ZetaLabs then adds a Premium tier in the first quarter of 2027, with ZETA as the token for access and payment.

Taken together, this looks more like a retirement blueprint for an L1 than a dramatic supply event. The burn is gradual, the mint is capped, and the claim process is simple on paper. Execution is what will matter most: the audit report, the published addresses and the clean revocation of mint authority. Those are the items to watch between now and December 9.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

Industry observers note that will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

In a recent development, paying a Bittensor subnet with gamma burns its alpha token. Here is how gamma gets minted, how the lower-price rule works and why the credit can never be converted back.Pay a Bittensor subnet for an AI answer with gamma, and your payment vanishes. The alpha token behind it gets burned, the credit gets spent, and nobody can redeem either one.One Wallet Replac….

Sources indicate that finCEN's November 6 order cuts US financial institutions off from MEXC Global, barring any transmittal of funds to or from the exchange. The order spells out what is banned, what MEXC is accused of, and how the exchange has answered.MEXC indicates user assets remain secure. The FinCEN order never suggested otherwise, and the gap between the exchange's reassurance….

eZAR opened its rand-pegged token to the public on November 2 with R303 million in circulation. Its reserve yield is the feature that puts the stablecoin label to the test.Most stablecoin debuts promise a token that never moves. eZAR's disclosures say its holders can make money or lose it. The rand-pegged token went live to the public on November 2, and it….

On-chain data shows the attacker behind the $6.3 billion Binance theft depositing about $4 million into three Binance deposit addresses. At the same time, Binance's first post-hack reserve snapshot shows its biggest assets covered with buffers as small as 2.7 ETH and $6 of USDT. Binance's full zero-knowledge proof of those figures is due by Tuesday.Some of t….

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AI-assisted summary, reviewed by NullTX editors.

Recent findings suggest that the SEC's Division of Corporation Finance called Canton Coin a digital commodity on November 3. The ruling rests on two representations, including the absence of a "central party.".

The most crucial words in the SEC's Canton Coin letter aren't "digital commodity." They are the ones the staff put in front of that label: the conclusion holds "in reliance on the representations" Canton's lawyers made. The SEC didn't independently prove the network has no central party. It accepted a description and attached a conclusion to it.

It has been revealed that on November 3, the Division of Corporation Finance's Office of Chief Counsel answered Canton Network's October 30 request. The response came from Deputy Chief Counsel Jonathan A. Ingram and was addressed to the staff team of Ted Yu, Andrew Schoeffler and Mark Vilardo. The Division mentioned it views Canton Coin as a "digital commodity" as the term is described in the SEC's March interpretation.

It also remarked it will not recommend enforcement action if Canton Coin is minted programmatically by Super Validators, Validators and application providers, as described in the request. That holds without registration under Section 5 of the Securities Act or Section 12(g) of the Exchange Act, and it applies if the issuer relies on an opinion of counsel. The facts the staff relied on are laid out in the Canton Network's incoming letter.

Early coverage focused on the classification label. The more useful story, though, is how the staff got there.

In a recent development, the staff pointed to two representations. The first is that Canton Coin is intrinsically linked to, and derives its value from, the programmatic operation of the Canton Network, along with supply and demand dynamics. Its value does not come from an expectation of profits from the essential managerial efforts of others.

That phrase echoes the Howey test, the long-standing U.S. framework for investment contracts. The prong asks a simple question: when someone holds this token, are they betting on a team's work, or on a network that runs by itself? On the facts presented, the staff's answer was the network.

Industry observers note that this is the more familiar half of the analysis, and most token projects argue some version of it. Because almost every issuer makes the same claim, the first prong carries less weight on its own, which is why the second one deserves a closer look.

According to recent reports, the second representation is that the Canton Network has no "central party," as the March interpretation defines that term. In the SEC and CFTC's framework, a digital commodity belongs to a functional crypto system that has no central party overseeing participation or distributing rewards to consumers.

This prong is the one to watch, because Canton Coin is minted by Super Validators, Validators and application providers. Those are named roles in a structured network, so a skeptic could fairly ask whether the Super Validator tier looks like a central party in practice. The letter's answer rests on the word "programmatically": the minting follows protocol rules rather than anyone's discretion.

In a recent development, legal commentators reading the March interpretation have also pointed out that it doesn't fully explain how the "central party" concept relates to its separate definition of decentralization. The Canton letter doesn't settle that either. It applies the term to one set of facts and stops there.

A no-action letter is narrower than it sounds. The Division itself indicates the response states its position on enforcement action only and expresses no legal conclusion on the concerns presented. It also says the positions rest on the representations in the request, and that different facts or conditions might lead to different conclusions.

Industry observers note that in practice, that comes down to three points. First, the letter is staff-level guidance rather than a Commission vote. Second, it protects reliance on the specific arrangement described, not the token in every future circumstance. Third, if the representations change, the comfort can disappear.

Industry observers note that for a manufacturer, the letter is still valuable, since a written statement that staff won't recommend enforcement is a strong signal. Even so, it shouldn't be mistaken for a permanent legal classification. It is a snapshot of staff views based on facts someone else supplied.

Recent findings suggest that the framework behind the letter is the Commission's March 17 interpretation, which the CFTC joined. It sorts crypto assets into five categories: digital commodities, digital collectibles, digital tools, stablecoins and digital securities. Four of the five are generally treated as non-securities, and the securities analysis stays fact-specific for the rest.

The two documents do different jobs. The interpretation is a general map: it tells the market how the Commission thinks about categories and which features push an asset one way or the other. The Canton letter is an application. It takes a named token, tests it against the map's digital commodity category, and gives a case-specific enforcement answer.

That sequence matters. The interpretation says what a digital commodity looks like, and the letter says that, if the facts are as represented, Canton Coin looks like one.

The practical lesson is about preparation. Canton's request framed its facts to fit the two prongs, and the staff responded in those terms. Projects hoping for similar treatment will likely follow the same template: document how value arises from network operation, and document why no single party oversees participation or distributes rewards.

In a recent development, the harder test will come from tokens with more visible governance or a more active operating team. Those projects will have to explain why their structure doesn't amount to a central party, and the Canton letter doesn't say where that line sits.

For now, the letter works best as an early data point rather than a final answer. The classification label drew the attention, but the representations behind it are what other projects will study. How the staff handles the next request, especially one with a messier governance story, will show whether the "no central party" prong is a narrow gate or a wide one.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

Industry observers note that mark Arguinbaev is the founder of NullTX and owner of The Merkle, LLC, the publisher behind NullTX and The Merkle. Based in San Francisco, he sets editorial direction and standards for both sites and reviews the coverage published under his name. He is also the founder of Margin Systems.

Industry observers note that enjin holders vote through November 13 on moving Matrixchain to OpenGov on November 16. Here is how the 15 tracks, the 1,000 ENJ deposit and conviction voting work, and what the Relaychain vote shows.Enjin's new proposal deposit sounds steep at 1,000 ENJ. It's actually the cheap part.The Vote Closes Today and Matrixchain Governance Hangs on ItEnjin holders h….

According to recent reports, slowMist indicates five forged receipts with valid signatures let an attacker drain about $304,500 from Ankr's Ethereum bridge using one old Optimism deposit. Here is how the check failed.Every one of the five receipts was signed by the bridge's own trusted signer. Every one pointed to a deposit that had already been paid out.Five Withdrawals Against One Settled….

The SEC's crypto broker-dealer proposal, RIN 3235-AN48, is under White House review with no public text. Here is what the four named rules require today and what review means.Four rules written decades before Bitcoin existed are now sitting at the White House for a crypto rewrite, and nobody outside the SEC has seen a word of the draft. What is known is the….

In a recent development, base's Denim upgrade replaced Flashblocks with five canonical blocks per second. What that means for sequencers, RPC providers and smart contract developers is where the real story sits.For about sixteen months, Base's fastest blocks were only promises. Since November 5, they are the ledger itself.Base Swaps Previews for Real BlocksDenim went live on Base ma….

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Following the disbandment of the T3 FCU, TRON and Tether have released a new initiative to tackle criminal activity in USDT on Tron.

According to recent reports, tron and Tether have formed a strategic partnership with blockchain intelligence platform Chainalysis. The coalition aims to crack down on criminal activity involving Tether’s USDT stablecoin on the Tron blockchain, according to data Tron CEO Justin Sun shared today.

In a Thursday announcement, Tron, Tether, and Chainalysis formed a digital crime task force (DCTF), a fresh initiative designed to effectively uncover and clamp down on illicit activity involving USDT on the TRON network.

The DCTF brings together three industry leaders – a stablecoin issuer, a crypto network, and a blockchain intelligence firm – aimed at building investigative capability, with support from global law enforcement authorities. The key driver behind the collaboration is to better combat illegal USDT transactions on Tron amid a surge in AI-enabled crime.

The DCTF takes effect after the T3 Financial Crime Unit (T3 FCU), formed by Tether, Tron, and TRM Labs, ended its role in August. The T3 FCU program, which was rolled out in September 2024, was tasked with disrupting unlawful USDT activity on Tron. Its track record has been good. By mid-2025, it had blocked around $250 million in illicit USDT assets, and by May 2026, it had also frozen over $450 million. It had collaborated with law enforcement agencies in 23 jurisdictions.

In the newly introduced announcement issued today, Tether and Tron have introduced a new initiative to make the crackdown more efficient with Chainalysis’ support. With the recent massive Binance hack, the timing of the fresh partnership is critical.

Recent findings suggest that the Binance exploit highlights serious security risks for crypto platforms. Reports indicate that the hacker sold around $325 million USDT to market makers within minutes of obtaining the stolen funds.

It has been revealed that the formation of the DCTF aims to swiftly unearth and dismantle illegal USDT transactions on Tron. With swift responses and coordination among the parties, the alliance seeks to minimize the time between uncovering criminal activity and freezing assets, particularly as AI-assisted crimes are on the increase.

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

DOGE vs PEPE: Which Meme Coin Will Deliver Bigger Gains in 2027? As 2026 winds down, Dogecoin (DOGE) and Pepe (PEPE) remain two of the most closely watched meme coins, and Meta AI predicts which will come out on top in 2027.

Both have suffered significant drawdowns from prior cycle highs, yet they continue to attract attention for different reasons. With a potential broader market recovery possible in 2027, the question is which one is better positioned for larger percentage gains over the year.

Dogecoin is trading around $0.066–$0.067 in mid-November 2026, well below its previous highs and down roughly 20% over the past month.

According to recent reports, price has been grinding lower in a corrective structure, testing support near the $0.065–$0.066 zone. Immediate resistance sits around $0.070–$0.072, with a more meaningful barrier near $0.08.

It has been revealed that momentum indicators have cooled, and volume has remained moderate during the decline. On higher timeframes, the chart highlights a series of lower highs.

According to recent reports, however, longer-term holders still view the $0.06 area as a potential accumulation zone if broader market conditions improve. A sustained reclaim of $0.08–$0.10 would be needed to signal a more constructive trend reversal.

The Pepe memecoin is trading near $0.0000044 and has experienced sharp short-term volatility. The token has seen double-digit percentage swings in recent sessions and sits far below its late-2024 all-time high.

Recent price action has been choppy, with support tested in the $0.0000042–$0.0000044 region and resistance layered near $0.0000050–$0.0000055.

Volume has occasionally spiked during social-media-driven moves, reflecting PEPE’s characteristically high beta, but throughout 2026, these spikes have failed to generate sustained demand.

While the chart reveals periods of relative strength against some other meme coins in recent weeks, the overall structure remains corrective and highly sensitive to sentiment shifts.

They're making $PEPE look invincible, but that's exactly how retail gets rekt. I've seen this movie before.A massive dump is coming. Let retail keep believing this is too strong to fall. 😂Remember the Binance hack? A huge amount of $PEPE was reportedly stolen. You really… pic.twitter.com/AGsOzOSh0p.

Discover: The Crypto Presales This Q4 2026.

According to recent reports, looking ahead to 2027, Dogecoin appears better positioned for more meaningful, relatively sustained gains than Pepe, though both will likely move with the broader crypto market. The key differentiator is structural development.

Recent findings suggest that dogecoin has been making tangible progress beyond pure meme status. The near-term launch of DogeOS, an Ethereum-compatible Layer 2 app layer designed to bring smart contracts, DeFi features, and additional utility to the Dogecoin ecosystem, stands out as a meaningful catalyst.

Industry observers note that reports indicate the project is close to mainnet after completing version 1 and audits, with over 100 developers already building. Integrations with wallets, oracles, and potential zero-knowledge upgrades further support the idea that DOGE could gradually shift from a pure tipping/meme asset to something with broader use cases.

Dogecoin ($DOGE) is expanding beyond its meme coin roots as DogeOS brings smart contracts, DeFi, prediction markets and gaming to its ecosystem.https://t.co/AVzGUgGCqs.

Recent findings suggest that ecosystem initiatives such as Dogecoin Labs also signal an attempt to professionalize development and reduce reliance on pure social hype. Pepe, by contrast, remains a pure-play meme coin driven almost entirely by social sentiment, influencer commentary, and speculative rotation.

Industry observers note that it has shown the ability to produce sharp short-term rallies when narrative heat returns, and its relatively lower market capitalization gives it higher explosive potential in a strong risk-on environment. However, that same pure-meme character also makes its upside more fragile and dependent on continuous attention.

It has been revealed that without comparable infrastructure or utility catalysts, PEPE’s 2027 gains are more likely to be episodic than structurally supported. In a recovering or bullish crypto market, both coins should rise. PEPE may deliver bigger short-term percentage spikes during meme-season rotations.

Over a full-year horizon, however, Dogecoin’s brand recognition, liquidity, and emerging utility via DogeOS and related ecosystem work give it a higher probability of stronger, more durable relative performance.

The tokens that add real (even if modest) utility while retaining cultural relevance have historically held up better across full cycles than those relying solely on memes.

Explore: The Best Crypto Presales This November.

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The information on this website is for educational purposes only, and investing carries risks. Always do your research before investing, and be prepared for potential losses.

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AI-assisted summary, reviewed by NullTX editors.

Sources indicate that eZAR opened its rand-pegged token to the public on November 2 with R303 million in circulation. Its reserve yield is the feature that puts the stablecoin label to the test.

Most stablecoin launches promise a token that never moves. eZAR's disclosures say its holders can make money or lose it. The rand-pegged token went live to the public on November 2, and its fine print reads more like an investment product than a payments coin.

Recent findings suggest that according to launch reports, eZAR is now open to the public and to fresh institutional partners after almost a year of pilot operations. The company indicates R303 million worth of tokens had been issued and were in circulation as of October 30.

The project is a partnership between eZAR Ltd, asset manager Ninety One and AVBOB Financial Services, with AVBOB acting as lead institution and liquidity partner. CEO Sean Emery remarked the team put "getting it right" ahead of "getting it big" during the pilot. The message now is that eZAR is ready to scale.

The model also departs from the typical single-issuer coin. Neobanks, retailers, insurers and payment firms can plug the token into their own branded wallets and share in the economics. Transfers between participating wallets settle within seconds at any hour and, according to the company, cost nothing.

In a recent development, the reserves backing eZAR are invested through a money market strategy run by Ninety One, mainly in the Ninety One Money Market Fund. Returns are distributed daily to partners after partnership fees, and each partner then decides on what terms its own customers receive a share.

According to recent reports, ninety One's head of digital assets, Adam Duxbury, described it as new rails under an old discipline. His firm has run money market strategies for 25 years, he said, and South Africa should build its own digital rand rather than import a dollar coin.

The framing is clever, since it presents the yield as a feature of "digital cash that can grow." Yet that same feature makes the classification question hard to avoid.

Sources indicate that the risk language is the most revealing part of the launch. eZAR describes itself as a crypto asset issued by the eZAR En Commandite Partnership. It states that the token is not legal tender, not a bank deposit and not a banking product, and that it carries no guarantee.

According to recent reports, the details that follow set it further apart. The R1 redemption value depends on available liquidity. Money market returns can be positive or negative, so capital is at risk. Holders also own no units in the underlying fund and have no direct claim on it.

Recent findings suggest that "Capital at risk" rarely appears in stablecoin terms. A payments token is meant to hold its value and let people redeem at par, yet eZAR's own documents hedge on both counts. Back in March, a market survey from Blockhouse had already noted that eZAR doesn't qualify as a stablecoin under most regulations. The live launch now tests that observation against a real product.

It has been revealed that in the major rulebooks, the yield is the sticking point. The US GENIUS Act bars permitted payment stablecoin issuers from paying holders any form of interest or yield solely for holding, using or retaining the token. The EU's MiCA framework takes a similar line on interest. The logic is that a payment token paying a return starts to function like an unregulated deposit.

Sources indicate that the OCC issued its final GENIUS Act rules on October 21, and they confirmed that ban for covered issuers. The contested ground lies elsewhere, in who sits between the issuer and the holder. Earlier OCC proposals set a rebuttable presumption against yield arrangements run through affiliates and related third parties, whereas the statute itself names only issuers.

eZAR's design lands squarely in that gray zone. Returns flow to partners, and the partners decide how customers share in them. Whether that amounts to an issuer paying yield or a partner passing on profit is precisely the kind of question US regulators are now wrestling with, and it would be a difficult one to argue before the OCC.

eZAR doesn't operate under the US or EU regimes, so none of those rules apply to it directly. eZAR Ltd is described as an authorised financial services provider responsible for the main technology and services behind the partnership. That technology also draws on the South African Reserve Bank's Project Khokha 2, where eZAR's parent manufacturer, Block Markets Africa, was a technical contributor.

This background signals a serious, institution-backed build rather than a speculative launch. Even so, the rand stablecoin field is getting crowded. ZARU introduced earlier this year as an institutional-grade rand coin, and a pattern is emerging of different models competing for the same local payments niche.

The bigger question is whether South Africa will define stablecoins narrowly, as the US and EU do, or leave room for hybrid products like this one. Because the network is permissioned, the reported circulation figure also rests on company disclosure rather than a public ledger, which makes the regulatory and disclosure framework matter even more.

For everyday owners, the appeal is easy to see. A rand token that moves in seconds, costs nothing to send and might earn a daily return makes an attractive pitch. For partners, shared infrastructure with a revenue share offers a way into digital payments without building a coin from scratch.

Industry observers note that the trade-off sits in the disclaimers. A holder who treats eZAR like a bank balance could be caught off guard by liquidity-dependent redemption, or by a money market return that dips below zero. That gap between how the product feels and how it is legally defined is where regulators tend to step in.

eZAR is best understood as a hybrid: a payments token with an investment return attached. It may well succeed on those terms. Still, as more jurisdictions tighten the stablecoin definition around no-yield, par-redemption tokens, products like this will increasingly be judged on what they are rather than what they are called. How South African regulators treat eZAR in the coming months will show which way that debate is heading.

According to recent reports, disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on X @nulltxnews.

According to recent reports, will Izuchukwu is an editor and crypto news writer covering Web3, markets, wallets, and blockchain technology. Based in Nigeria, he focuses on clear, practical reporting for readers following digital assets and emerging tech.

It has been revealed that paying a Bittensor subnet with gamma burns its alpha token. Here is how gamma gets minted, how the lower-price rule works and why the credit can never be converted back.Pay a Bittensor subnet for an AI answer with gamma, and your payment vanishes. The alpha token behind it gets burned, the credit gets spent, and nobody can redeem either one.One Wallet Replac….

According to recent reports, finCEN's November 6 order cuts US financial institutions off from MEXC Global, barring any transmittal of funds to or from the exchange. The order spells out what is banned, what MEXC is accused of, and how the exchange has answered.MEXC notes user assets remain secure. The FinCEN order never suggested otherwise, and the gap between the exchange's reassurance….

It has been revealed that zetaChain's Governance Proposal 2 would halt its L1 around Dec 9, mint ZETA 1:1 on Solana and burn about 55M ZETA in monthly installments. Voting closes Nov 7.Headlines are calling it a 55 million ZETA burn. Read the proposal's own schedule, though, and nothing close to 55 million disappears on the day the chain halts. The figure is real, but it arrives in t….

On-chain data indicates the attacker behind the $6.3 billion Binance theft depositing about $4 million into three Binance deposit addresses. At the same time, Binance's first post-hack reserve snapshot shows its biggest assets covered with buffers as small as 2.7 ETH and $6 of USDT. Binance's full zero-knowledge proof of those figures is due by Tuesday.Some of t….

NullTX is owned and operated by The Merkle, LLC.

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According to recent reports, wall Street is taking another major step toward blockchain adoption, and Solana (SOL) is emerging as one of the networks positioned to benefit. The Depository Trust & Clearing Corporation (DTCC), the financial infrastructure giant that clears and settles much of the U.S. securities market, aims to bring its tokenization services to Solana in 2027.

According to recent reports, the move could open the door to tokenized stocks, exchange-traded funds (ETFs), and U.S. Treasuries on the blockchain, marking a significant institutional milestone for Solana. But beyond the headline announcement, the obvious question is what this development could mean for the price of SOL and its long-term investment appeal.

According to recent reports, DTCC announced Thursday that it prepares to extend its tokenization services to Solana in the second half of 2027. The initiative will connect its DTCC Tokenization Service to the Layer 1 blockchain, enabling eligible securities held by its Depository Trust Tech giant subsidiary to be represented as digital tokens.

Sources indicate that BREAKING: @The_DTCC to tokenize custodied assets on Solana. announced plans to connect the DTCC Tokenization Service to Solana, enabling the tokenization of eligible DTC-custodied assets on the network.The integration is planned for the second half of 2027, further advancing… pic.twitter.com/gXszWFgUOX.

“DTC-tokenized assets made available on Solana – and all blockchain networks integrated with the service – will retain the same investor protections, ownership rights and regulatory safeguards that apply to traditionally held securities,” Brian Steele, president of DTCC Clearing & Securities Services, said in the announcement.

DTCC’s Tokenization Service went live on October 28, initially operating on the Canton Network and the corporation’s own private blockchain, which is built on the Besu framework. The platform allows eligible participants to convert traditional securities into tokenized assets and redeem them back into their original form, with the digital tokens delivered directly to wallets of their choice. At launch, DTCC also outlined plans to expand its tokenization service to additional blockchain networks in 2027, with Stellar and Circle’s Arc among the platforms also slated for integration.

Solana has been stepping up efforts to attract traditional financial institutions, positioning itself as a blockchain capable of supporting large-scale financial activity. Nick Ducoff, head of institutional growth at the Solana Foundation, recently highlighted this appeal, stating that institutions choose Solana because it already “runs real financial activity at scale.” He added that firms are already issuing assets, settling transactions, and deploying capital on the network, according to a post shared by Solana’s official X account.

It has been revealed that the potential opportunity becomes clearer when considering DTCC’s position in the U.S. financial system. Through its Depository Trust Firm (DTC) subsidiary, the financial infrastructure giant holds approximately $114 trillion in securities on behalf of banks and brokerage firms. Its newly launched tokenization service initially covered 34 eligible securities representing an estimated $30 trillion in potential tokenized assets. However, this figure reflects the value of securities eligible for tokenization, not assets already issued or circulating on blockchain networks.

Bringing even a fraction of this enormous securities market onto Solana could translate into substantial institutional activity and settlement volumes over time. This could create additional opportunities for SOL demand if the token is required for relevant network transactions. Nevertheless, the integration is not expected until the second half of 2027, making the development a potential long-term growth driver rather than an immediate price catalyst. Its ultimate impact will depend on institutional adoption, actual transaction volumes, and whether increased network activity translates into meaningful demand for SOL.

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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Sources indicate that justin Sun’s Tron (TRX) is trading near $0.316 in mid-November 2026, holding a relatively stable range even as broader markets have been choppy. Elon Musk’s Grok AI predicts that although the token is down 2% this week, TRX could explode through the remainder of 2026 and into 2027.

Yet in an over-the-top bullish scenario, the token could deliver one of the more dramatic percentage moves in the market by January 1, 2027. The landmark catalyst that unlocks this outcome is a highly unlikely but not impossible expansion of Tron’s already dominant role in stablecoin settlement.

In this hypothetical, a major multi-national payments consortium—spanning several large Asian and emerging-market banks plus a leading global remittance network—selects the TRON network as its primary public-chain rail for high-volume USDT and multi-currency stablecoin transfers.

Regulatory clearances accelerate, transaction fees and energy mechanics are optimized for institutional scale, and TRX becomes a required liquidity and staking asset across the new infrastructure. Combined with a broader crypto recovery, the surge in on-chain demand and narrative momentum propels TRX into a powerful new price-discovery phase.

Explore: The Top Crypto Presales for 2027.

According to recent reports, TRX has spent recent weeks consolidating in a tight band roughly between $0.31 and $0.33 after earlier attempts to push higher stalled. Immediate support sits near $0.31–$0.315, with stronger demand expected around the $0.30 psychological level.

According to recent reports, resistance is layered at $0.33–$0.34 and then the more significant $0.36–$0.38 zone. Momentum indicators have cooled into neutral territory, leaving room for a sharp expansion if buying pressure returns.

Industry observers note that in a standard bull market, a sustained break above $0.36–$0.38 would open the path toward previous cycle highs near $0.43. Under the extreme institutional-adoption scenario outlined above, those prior highs would be cleared decisively, allowing measured-move extensions and multi-cycle projections from the current base to support a far more ambitious upside trajectory.

While current price action remains subdued, the combination of Tron’s real-world stablecoin dominance and the theoretical potential for a transformative payments partnership creates a foundation for a parabolic move.

In a recent development, one scroll. One ritual.A thousand chains waiting to be united. ⟁👁 pic.twitter.com/hJ2gTRDHeu.

While Elon Musk’s Grok AI predicts a significant price move for the TRX crypto token, achieving it would require an unprecedented event.

According to recent reports, as a result, some traders are exploring opportunities beyond established assets. However, investing in a presale typically involves a different and usually higher level of risk.

LiquidChain (LIQUID) is a Layer 3 infrastructure project that brands itself as “The Cross-Chain Liquidity Layer.” Its objective is to integrate the liquidity of Bitcoin, Ethereum, and Solana into a single execution environment, offering developers a “deploy once, access all” approach.

Recent findings suggest that the project highlights a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and Deploy-Once Architecture. The current presale price is $0.014974, and it has now raised over $990,000, just $10K shy of its $1M target.

Additionally, LiquidChain offers a juicy staking APY of over 1,100%. While the concept is ambitious, execution will be the real test.

Gain Special Access to Layer 3 Trading Here.

Elon Musk’s Grok AI predicts that TRX will reach somewhere between $2.80 and $4.20 by January 1, 2027, with a stretch target above $5.50 in the most aggressive outcome.

This remains pure speculation and entertainment, not a realistic base-case outlook. The catalyst would require extraordinary coordination among multiple central banks and sovereign entities that is presently highly unlikely.

Discover: The Best Token Presales in 2026.

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Flare co-founder Hugo Philion has pushed back against renewed XRP criticism, arguing that the cryptocurrency’s value and long-term narrative should not depend solely on Ripple’s decisions.

This development comes as technical analyst Dark Defender doubled down on his previous $10 XRP prediction, maintaining confidence in the bullish chart structure despite XRP’s recent price weakness.

According to recent reports, in a recent post on X, Philion addressed the renewed FUD (fear, uncertainty, and doubt (FUD) surrounding XRP, arguing that much of the criticism stems from speculation about Ripple’s next moves and what the firm may or may not be doing. However, he believes the community has placed too much emphasis on Ripple, creating a misleading perception that XRP’s value and long-term prospects depend on a single corporate player.

“XRP’s value and narrative should never have been perceived as being based solely on the actions of one player,” Philion stated.

The Flare co-founder stressed that XRP has always had greater potential beyond Ripple’s activities, which partly motivated Flare’s creation. In his view, expanding the range of applications available to XRP holders is essential to strengthening the token’s utility, market narrative, and long-term value proposition.

Philion challenged the XRP community to shift its attention toward three fundamental questions: what holders are doing to put their XRP to work, how they can demonstrate its value to people who have yet to invest, and what steps they are taking to transform the cryptocurrency from a speculative holding into usable capital.

He suggested that answering these questions requires more than simply waiting for Ripple to announce new partnerships, products, or adoption initiatives. Instead, XRP holders and developers must actively contribute to building financial applications and use cases that give the asset greater utility.

Philion specifically pointed to Flare as a way to achieve this goal, arguing that the network offers an opportunity to expand what holders can do with their XRP and help separate the asset’s value proposition from Ripple’s corporate decisions.

The Flare co-founder’s remarks come amid growing frustration among XRP holders over the cryptocurrency’s weak price performance. XRP has shed approximately 51% of its value over the past year, trading at around $1.10 at the time of the report. The prolonged decline has also reignited questions about what could drive the token’s next recovery and whether its prospects are too closely tied to Ripple’s business activities.

The criticism has also extended to Ripple CTO Emeritus David Schwartz, who recently faced questions about XRP’s disappointing performance. Schwartz pushed back against suggestions that he could influence the token’s market value, explaining that his ability to move XRP’s price was extremely limited.

Separately, technical analyst Dark Defender remains confident in his double-digit XRP prediction in a recent X post, insisting that the token’s recent decline has not invalidated his broader technical setup.

“Nothing has changed in the structure,” the analyst opined, pointing to the $1.21 and $1.12 support levels he had identified in his October 25 analysis.