The comments followed S&P's downgrade of USDt's ability to maintain its peg, which cited Tether's Bitcoin and gold reserves as a concern.
The Converge blockchain was scheduled to launch in the second quarter of 2025, but its launch "doesn't appear to be planned for the near future."
Spot Bitcoin ETFs (exchange-traded funds) are one of the biggest narratives and have been a game-changer in the cryptocurrency space in the past two years. With these investment products, people get to participate in the cryptocurrency market without having to directly own the digital assets. Interestingly, one of the biggest winners—that often gets overlooked—has been the issuers, especially as the crypto industry has seen increased institutional adoption since the Bitcoin ETFs launched. According to the firm’s executive, the BTC exchange-traded funds becoming the major source of revenue for BlackRock, the world’s largest asset manager, was not envisioned. BlackRock’s Bitcoin Funds Outweighing Expectations At the Blockchain Conference 2025 in São Paulo on Friday, November 28, BlackRock’s business development director in Brazil, Cristiano Castro, told reporters that the Bitcoin ETFs are the largest revenue source for their company. According to the executive, this development came as a “big surprise” to the asset management firm. Related Reading: Fed To End QT In December: Will Bitcoin Mirror The Massive Price Crash From Last Time? Castro said in a statement: We were very optimistic when we launched, but we didn’t believe it would reach such proportions. Just to give you an idea, it [IBIT in the US and IBIT39 in Brazil – the asset’s reference names] came very close to US$100 billion [in allocation]. This feat is notable for the Bitcoin ETFs, especially considering that BlackRock offers more than 1,400 exchange-traded products globally and has a whopping $13.4 trillion in assets under management. The US-based Bitcoin fund (with the IBIT ticker) has over $70.7 billion in net assets, becoming the first ETF to reach the $70-billion mark (doing so in June 2025). While the US Bitcoin ETF market has somewhat slowed down, BlackRock’s IBIT still continues to outpace other ETFs launched in recent years. As earlier reports suggested, IBIT had managed to generate roughly $245 million in annual fees as of October 2025. Bitcoin ETF Outflows ‘Perfectly Normal’ – Castro When asked about the recent outflows from BlackRock’s Bitcoin ETF as the market leader’s value fell, the director stated that there are zero surprises in that trend. “ETFs are very liquid and powerful instruments, and they serve precisely to allow people to allocate their capital and manage their cash flow,” Castro noted. The BlackRock director said that the withdrawals are expected, considering that the product is heavily owned by retail investors, who are reactionary in nature to price corrections. On Friday, the iShares Bitcoin Trust saw a net outflow of $113.72 million, bringing the weekly record to a negative $137.01 million and the fund to its fifth-consecutive week of withdrawals. Related Reading: The Bitcoin Price Crash To $41,000: There’s A Shark In The Water Featured image from Getty Images, chart from TradingView
The company adopted a bitcoin treasury plan by deploying a strategy inspired by Metaplanet, with 66% shareholder approval, to mitigate negative returns from government bonds.
There are a few more big games releasing before the year's up, including Metroid Prime 4: Beyond and Marvel Cosmic Invasion.
Binance founder Changpeng Zhao’s blunt reminder about buying low and selling high landed at a tense time for crypto traders. His line — “Sell when there is maximum greed, and buy when there is maximum fear” — was posted as markets showed fresh signs of strain and debate over whether now is a buying moment or another stall. Related Reading: Bitcoin Miners Face A Harsh December: Rising BTC Difficulty, Falling Hashprice CZ’s Message Meets Extreme Fear According to the Crypto Fear & Greed Index, sentiment recently climbed to 20, moving out of “Extreme Fear” after a streak of low readings. The index had hit a yearly low of 10 on Nov. 22 and the market had spent eighteen days stuck in extreme fear. Unpopular opinion, but it’s better to sell when there is maximum greed, and buy when there is maximum fear. ????♂️ — CZ ???? BNB (@cz_binance) November 29, 2025 Analysts called that stretch unusually deep. Matthew Hyland described it as the “most extreme fear level” of the cycle, and other traders argued that calling it extreme was being generous. Bitcoin Holds But Mood Is Fragile Based on reports, Bitcoin was trading at $91,780, a far cry from the all-time high of $126,000 reached in October. Prices remain up from 2024 lows of just over $40,000, yet confidence is thin. Santiment tracked online chatter and found talks focused more on volatility and institutional moves than on excitement. The Altcoin Season Index sat at 22/100, a clear sign that traders are favoring safety. Market Psychology Overrules Charts Traders reacted fast to CZ’s post. One user said emotion often beats logic in real trading. Another noted that markets tend to move on psychology well before technical signals line up. That gap between what traders know and what they do was on full display: many agree with the rule, and few actually follow it when prices slip. History Offers A Hint, Not A Guarantee Reports have disclosed that some analysts see a pattern. Nicola Duke pointed out that in the last five years, every time the market reached extreme fear, Bitcoin found a local bottom within weeks. While past stretches can offer context, they do not promise the same result now. Bitwise researcher André Dragosch warned that current pricing reflects a recession-level global growth outlook — the most bearish setting since 2020 and 2022 — which raises real risk for buyers. Related Reading: Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say Bitcoin Coinbase Premium Turns Positive After 29 Days Meanwhile, the Bitcoin (BTC) Coinbase premium finally flipped back into positive after nearly a month of staying in the red. Data from Coinglass on the 30th showed the premium at 0.0255%, marking the first positive reading in 29 days. For almost a month, the negative premium had suggested that selling pressure dominated the US market, with traders and investors leaning toward caution. The Coinbase premium tracks how Bitcoin’s price on Coinbase, a major US exchange, compares to the global average. When it’s positive, it means the US price is above the worldwide average. This is often seen as a sign that buying is picking up in the US, more institutions are getting involved, dollar liquidity is recovering, and overall investor confidence is improving. Featured image from Gemini, chart from TradingView
Although most models projected ETH prices above $4,000, one critical valuation model bucked the trend, signaling that ETH may be overvalued.
Bitcoin’s price is once again testing an important resistance area between $92,734 and $101,156, a range that analysts have been warning throughout the current market cycle. The move comes after BTC bounced sharply from last week’s low near $83,000, marking a temporary recovery in an otherwise volatile month. The resistance zone has repeatedly acted as …
The Layer 1 blockchain Monad has grabbed the headlines in the past few days following its successful launch earlier last week. MON, its native token, enjoyed a significant 80% surge on the back of the launch, hitting an all-time high of 0.048 on Wednesday, November 26. While the Monad protocol has enjoyed significant attention since going live, it appears that not everyone is confident in its potential adoption. Most notably, BitMEX co-founder Arthur Hayes has put forward a pessimistic outlook for the project, saying its token value could fall as much as 99%. Monad Has No Real Use Case: Hayes In a YouTube interview with Altcoin Daily, Hayes stated that any other Layer 1 blockchain besides Ethereum and Solana is “zero” and is not going to do very well. Using Monad as an example, the former BitMEX CEO described the protocol’s coin as another “high FDV, low-float” token. Related Reading: Solana Braces For A Dual-Test Setup – Here’s What Could Happen Next Hayes said that Monad is going to be the new “Berachain” and expects its native token’s value to fall by 99% after the initial jump. Berachain, which launched in February 2025, has its native token BERA trading beneath $1, nearly 94% beneath its all-time high of $14.83. As of this writing, the Monad token is valued at around $0.0285, reflecting an over 40% decline since hitting its all-time high on Wednesday. Hayes highlighted that every new project’s token often enjoys an early price spike before facing a deep correction, as there is usually no real use case to back up the initial growth. The crypto founder noted that it is a classic case of FOMO (fear of missing out), especially after the massive success of Ethereum. Hayes said in the interview: Every coin gets their first pump and people want to believe in the new L1. Everybody wants to invest in the new Ethereum like they would have in 2014 when everyone missed it. Me included. But again, that doesn’t mean it [Monad] is going to actually have any real use case. Moving forward, Hayes went on to pick a “magnificent five” of protocols currently in the cryptocurrency space, including Bitcoin, Ethereum, Solana, ZCash, and Ethena. If Not Layer 1s, What Next? It is little surprise that ZCash made it to the BitMEX co-founder’s list of top blockchain protocols. According to Hayes, ZCash and other privacy-focused coins—like Monero—will dominate the crypto narrative even more in the coming year. Related Reading: Ethereum Fusaka Will Be ‘The Most Bullish Upgrade’ Ever, Pundit Claims Additionally, Hayes mentioned that Zero Knowledge (ZK) proofs and quantum resistance are other crypto narratives to watch out for in 2026. Specifically, the crypto founder noted that the next winner in the crypto market over the next one to two years would come from the ZK space. Featured image from iStock, chart from TradingView
The executive chairman of bitcoin treasury firm Strategy teased a switch from orange dots to green dots in what's become his routine cheeky Sunday X post.
The broader cryptocurrency market is attempting to recover after days of bearish price action. Bitcoin has climbed slightly back above the $90,000 level, while Ethereum is trading over $3,000 again, giving some relief after a sharp downturn. Amid this slow recovery, Pi Network’s native token, Pi, remains stuck below its important price range. Pi is …
I pushed a chatbot through several millennia of linguistic evolution. An AI from the year 5000 lectured me about pronouns.
S&P Global last Wednesday slashed its rating on Tether's USDT stablecoin to its weakest score.
The goal of the upgrade is to enable Ethereum to handle the large transaction throughput from the layer-2 chains that use the blockchain as their base layer.
A sharp market pullback has exposed which BTC-focused public companies can actually execute, and which were never built for volatility.
The launch of spot exchange-traded funds (ETFs) tracking Dogecoin in the United States was met with muted enthusiasm. Inflows into Grayscale and Bitwise’s ETFs were limited in their first week of trading, despite the hype around the first-ever Dogecoin ETFs. But even as ETF inflows sputter, some technical analysts argue that DOGE might still undergo a strong price rally, possibly all the way to $1, if important support levels hold. Related Reading: Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say Spot DOGE ETFs Off To A Slow Start When Grayscale rolled out its Spot DOGE fund (GDOG) on November 24, inflow volume clocked in at just about $1.8 million on the first day, far below the estimates some market participants had forecasted. For example, Eric Balchunas, senior ETF analyst at Bloomberg, predicted that the ETF will witness a $12 million volume on the first day of trading. According to data from SoSoValue, net inflows across the DOGE ETFs by Grayscale and Bitwise added up to just over $2.16 million over the course of the initial trading week. This shows that institutional and retail investors are somewhat cautious when it comes to investing in the meme cryptocurrency. This is in contrast to the strong opening inflows seen by other altcoin ETFs, such as those for Solana (SOL) and XRP which were launched in the past few weeks. Furthermore, the lackluster uptake has raised doubts about whether the ETFs will ignite the kind of renewed interest in DOGE that some backers hoped for. Technical Outlook Suggests Bullish Potential To $1 Even though ETF demand is currently tepid, multiple technical outlooks point to a potentially more optimistic outcome for Dogecoin. One technical outlook from crypto analyst Ali Martinez identifies key support at roughly $0.08, with resistance around $0.20. This support level harkens back to a time when DOGE dipped below $0.10, before launching into a multi-month rally to $0.50 after the US elections. Dogecoin Key Price Levels. Source: @ali_charts On X More bullishly, a multi-week technical breakdown done by crypto analyst XForceGlobal suggests that DOGE might be wrapping up a long-term corrective phase and positioning for a fifth wave, which is a powerful upward impulse according to the Elliott Wave Theory. That wave could push prices well beyond current levels, with intermediate targets potentially between $0.33 and $0.50, and a longer-term stretch to $1. Similarly, crypto analyst Trader Tardigrade believes Dogecoin has dropped back onto the same long-term support zone that previously led to major rallies, calling it the launch pad for the next big move. His weekly chart highlights how Dogecoin’s price action has repeatedly bounced from this ascending trendline, producing gains of more than 80%, 210%, and even over 440% since October 2023. Dogecoin Technical Analysis. Source: @TATrader_Alan On X The analyst says the pattern is intact once again, and if the support at $0.15 holds, Dogecoin could follow the same structure into a larger expansion phase. Based on his projection, that continuation would give Dogecoin enough momentum to make a gradual 610% climb to $1 by 2026. Related Reading: 320 Ether On The Move: Bhutan Ramps Up Its Staking Game At the time of writing, Dogecoin is trading at $0.15 and is close to either rebounding or breaking below the support. Featured image from Unsplash, chart from TradingView
Bitcoin’s big buyers seem to have stepped off the gas. For the better part of the last year or so, it felt like there was a constant tailwind behind Bitcoin’s price. ETFs vacuumed up coins, stablecoin balances kept climbing, and traders were willing to go to insane levels of leverage to bet on more upside. […]
The post Bitcoin’s bull market: A slowdown, not a breakdown appeared first on CryptoSlate.
According to CoinWarz, the next difficulty adjustment is expected at block 927,360, moving the target from 149 trillion to close to 150 trillion. That is a modest rise, but it matters because Bitcoin miners are already working with very thin margins. Hashpower is strong enough to push difficulty up even while returns stay near record lows. Related Reading: Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say Hashprice Sits Near Break-Even Hashrate Index data shows hashprice is hovering around $38.3 PH/s per day, a touch up from a recent trough below $35 PH/s on November 21. Reports indicate that $40 PH/s is roughly the break-even level for many operations. When revenue per petahash drifts under that mark, some miners face a hard choice as they usher in December: switch off rigs or keep paying to mine. Average block times have been close to the 10-minute goal, with the network recently averaging about 9.97 minutes, which helped trigger the most recent adjustment that dropped difficulty from 152.2 trillion to 149.3 trillion. Hardware, Politics And Supply Risks Reports have disclosed a US Department of Homeland Security probe into Bitmain, the China-based ASIC maker, over concerns its machines could be accessed remotely. Bitmain is reported to control about 80% of the ASIC market, according to the University of Cambridge. That market concentration leaves the industry vulnerable. If US officials impose restrictions, tariffs, or other limits, miners could face higher hardware costs and slower deliveries. Some equipment orders might be delayed or rerouted, and expansion plans would be tested. China Unlikely To End Bitcoin Mining Ban Despite Uptick Meanwhile, overseas, a mild uptick in China’s bitcoin mining has led some scholars to urge Beijing to relax its ban so miners can use excess energy, but experts say a formal reversal is unlikely. Related Reading: 320 Ether On The Move: Bhutan Ramps Up Its Staking Game According to Hashrate Index, China’s share of global hash rate rose from 13.75% in Q1 2025 to 14% in the current quarter, placing it third behind the US and Russia. Historical data from the Cambridge index shows China’s hash rate fell to zero in July 2021 before unofficial activity pushed it back to 22.29% by September 2021; Cambridge stopped updating its mining map in February 2022. Beijing has tightened rules on crypto in recent years, arguing such activity disrupts financial order and can enable illegal behavior. Experts believe those political and policy concerns make an official lift of the mining ban unlikely, despite the recent rise in activity. Featured image from Getty Images, chart from TradingView
Bitcoin price stayed stuck near $91,000 due to weak ETF flows and cautious derivatives as stocks and gold rallied on rising rate-cut bets.
The National Bank of Kazakhstan (NBK) is evaluating whether to invest up to $300 million in crypto assets, though the actual amount could range from $50 million to $250 million. NBK chairman Timur Suleimenov clarified that the money would come from the central bank’s gold and foreign exchange reserves, not from the country’s National Fund. …
New research showed BTC price action on course to copy the 2022 bear market while risk-asset inflows showed signs of a bullish turnaround.
The monthly XRP chart has entered one of its most decisive phases in years, and one of the asset’s most vocal analysts is laying out a blunt roadmap. Egrag Crypto, known for his long-standing bullish stance on XRP, released a new technical update that breaks down the future outlook for the cryptocurrency into three straightforward outcomes. The chart accompanying his analysis shows XRP trading around the $2.20 region, sitting just above an important Fib support level but still wrestling with momentum, with the monthly candle about to close. Related Reading: 320 Ether On The Move: Bhutan Ramps Up Its Staking Game XRP Must Close Above $2.60 To Keep Bullish Momentum Intact Egrag’s first decisive level is at $2.60, which matches with the 0.5 Fibonacci retracement level on the monthly chart. The analyst described a close above this region as bullish but the asset would not yet be fully clear of danger. The chart shows XRP repeatedly testing this price level in the first half of the year before breaking above it in July. However, the most recent breakdown in Q2 2025 has now put the price level in focus again. The analysis becomes more aggressive once price action breaks above $3.40. EGRAG identified this as the 0.888 Fibonacci level, one of the final retracement zones. According to him, a close above this level confirms a super-bullish macro breakout, which he summarized with the phrase “we are so back.” The chart reinforces this idea by showing a tight compression beneath this upper 0.888 Fib cluster, and that a decisive breakout could lead to a rapid move into new all-time high prices if there’s enough buying pressure. XRP Price Chart. Source: @egragcrypto On X A Close Below 21 EMA Would Break Bullish Structure The downside scenario in Egrag’s breakdown is equally straightforward. He warned that a close below the 21-month EMA would mean a severe failure of the bullish trend structure. His wording was intentionally harsh, noting that such a breakdown would mean “we are f**ked, no sugar-coating it.” The chart shows the 21 EMA currently sitting around the $1.83-$1.90 price zone, forming the final major support on the monthly timeframe. Losing this level would drag XRP back into a deeper corrective zone and finally undo most of the price advancement made this year. A significant development showed up towards the end of the week that aligns with the bullish continuation Egrag outlined. 21Shares confirmed that its US Spot XRP ETF, which is listed under the ticker TOXR, has received SEC approval and will officially launch on Monday. Related Reading: Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say The upcoming launch adds a perspective that institutional participation in XRP is only beginning. If inflows follow the early strength seen from other issuers, the ETFs could reinforce the bullish case Egrag mapped on the chart, especially if the XRP price is able to cross above $2.60 in December. Featured image from Pixabay, chart from TradingView
Strategy CEO Phong Le says Bitcoin would only be sold if the company’s stock falls below net asset value and funding options disappear, calling it a financial decision.
Ethereum presently trades around $3,000 following a broader crypto market rebound in the last week. During this time, the market’s largest altcoin gained by 7.22%, providing a much-needed relief after an extended correction that dominated the majority of the last two months. As price stabilizes, crypto analytics platform XWIN Research Japan shares a forward-looking assessment of Ethereum’s outlook, especially considering developments in the futures market. Related Reading: 320 Ether On The Move: Bhutan Ramps Up Its Staking Game Ethereum Bulls Buy The Dip After Weak Position Exits Amid the widespread correction of the crypto market in Q4 2025, Ethereum’s prices crashed from $4,700 to as low as $2,900, representing a 38% price decline. XWIN Research Japan reports this price fall coincided with certain relevant developments in the futures market. In particular, Ethereum’s open interest across all exchanges dropped from $21 billion to around $17 billion in late November, as overleveraged long positions were closed down, forcing traders to open new positions with moderate leverage size. Meanwhile, funding rates stayed positive but declined to around 0.002, meaning that the dominant bullish sentiment from mid-2025 greatly reduced. Looking at on-chain data, the Market Value to Realized Value (MVRV) is at 1.27, while Binance data shows it to be around 1.0, both values indicating Ethereum is in a neutral to fair value zone, suggesting a period of stability before the next major trend emerges. Meanwhile, the recent market recovery kick-started after ETH retested the realized price of whale addresses, indicating that large market players are bolstering their holdings. XWIN Research Japan supports this theory, noting that Ethereum Treasury BitMine has boosted its market holdings to 3.63 million ETH. Additionally, a BlackRock client recently acquired tens of millions of dollars’ worth of ETH, further reinforcing the strength of current market demand. However, despite this robust market demand, ETH Spot ETF net outflows for November hit $1.42 billion, indicating there is significant selling pressure in the market. Related Reading: Ethereum Fusaka Will Be ‘The Most Bullish Upgrade’ Ever, Pundit Claims Ethereum Market Outlook At the time of writing, Ethereum trades at $3,003, reflecting a 0.22% loss in the past day. Despite its gains in the last week, the altcoin is still down by 22.34% over the last month, suggesting the majority of short-term holders are in losses. XWIN Research Japan explains that although the overleveraged position has been cleared out with market whales now ramping up their holding, Ethereum remains in a “bottom-building phase”. Therefore, investors should still anticipate a “choppy, sell-on-rally” price action in the short term. The analysts predict a major trend reversal with time as the current price area becomes increasingly attractive to investors for massive accumulation opportunities. Featured image from Freepik, chart from Tradingview
BlackRock says $2.34 billion in November outflows from IBIT are normal as demand once pushed the ETF near $100 billion.
The excitement around new crypto ETFs in the U.S. has been huge this year, with billions flowing into products tied to Bitcoin, Ethereum and even Solana. But in a surprising development, digital asset manager CoinShares has abruptly withdrawn its plans to launch several highly awaited ETFs, including a spot XRP ETF, a Solana staking ETF …
Stablecoin yields not being overly high suggests the market hasn’t reached a “major top” and Ether may reach $3,200 in the near term, according to Santiment.
The crypto market has seen a sharp bounce over the past week, with Bitcoin, Ethereum, XRP and Solana all recovering after steep sell-offs. But is this a real trend reversal or just a temporary relief rally? Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, has released a fresh analysis outlining what he believes comes next for …
The Bitcoin (BTC) market continues to stabilize around $90,000 following a significant price recovery in the last week. Before these recent gains, the maiden cryptocurrency had undergone a heavy market correction, dropping about 36.10% from its all-time high of around $126,100. Amid the ongoing consolidation, the latest data on Bitcoin miner activity suggests the asset may have hit a local bottom with sights now set on a sustained uptrend. Notably, market analyst BorisD shares on the CryptoQuant QuickTake platform an insight that suggests Bitcoin likely formed a local bottom as it dipped to $80,000 during its recent correction phase. The expert explains that this theory is confirmed by Bitcoin miners recording an underpaid status, which has historically been a strong signal in confirming a local market bottom. For context, Bitcoin miners become underpaid when the mining revenue, i.e., block rewards + fees, falls below miners’ average operating costs, resulting in financial stress, forced selling, and capitulation of certain miners, possibly due to bankruptcy. Related Reading: Analyst Sets Bitcoin Next Target At $95k-$96k – Here’s Why Bitcoin Miners’ Economics In Influencing Market Ends BorisD explains that Bitcoin miner profitability has been a consistent guiding metric in determining potential market tops or bottoms. For example, miner revenue in early 2024 reached intensely high levels as prices rallied strongly. This condition, created by a rise in transaction fees and block dollar value, allowed miners to become profitable to distribute supply to the market, thereby aligning early topping structures. By mid-2024, the market had created a pattern where capitulation zones often indicated local bottoms, and severely overpaid zones matched market tops with heavy liquidity outflows. Notably, this pattern held throughout late 2024, early and mid 2025, during which miners’ revenue alternated between the overpaid and underpaid zone. As Bitcoin’s price struggled in Q4 2025, falling to around $80,000, BorisD explains that miners experienced another deep underpaid regime that completed a capitulation cycle, exhaustion of miner-driven selling pressure, but most importantly, confirmation of price local bottom. Related Reading: Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say Bitcoin Market Overview At the time of writing, Bitcoin trades at $90,898 after a minor 0.64% gain in the past 24 hours. Meanwhile, the daily trading volume is down 36.32% to $38.77 billion. According to BorisD, Bitcoin miners’ profitability is expected to continue improving, provided the market price stays above $80,000. This dynamic, in turn, supports a continuation of upward price momentum, potentially pushing Bitcoin toward another market top. Although the present market cycle has displayed atypical behavior compared to previous ones, analysts remain broadly optimistic. Many expect Bitcoin not only to recover but to eventually surpass its prior six-figure valuation. Featured image from Investopedia, chart from Tradingview
Tether's strategy could amplify financial instability concerns, potentially affecting market confidence and USDT's perceived reliability.
The post Arthur Hayes warns Tether’s Bitcoin and gold bet exposes it to major downside risk appeared first on Crypto Briefing.