The launch lands amid steep drawdowns in bitcoin and ether, adding risk around timing for highly leveraged ETPs.
CryptoQuant founder and CEO Ki Young Ju pushed back on a renewed wave of forced Bitcoin liquidation and bankruptcy chatter around Strategy (formerly MicroStrategy, MSTR), arguing that the bearish thesis misreads the company’s capital structure and shareholder incentives. In a Nov. 20, 2025 post on X, Ju wrote, “MSTR only goes bankrupt if an asteroid hits Earth,” adding that critics should “bring a single piece of evidence” before claiming Michael Saylor would be liquidated. The comments came as Bitcoin and high-beta crypto proxies retraced into late November, reviving legacy narratives that Strategy’s debt stack could compel BTC sales. Why Strategy Will Never Sell Bitcoin Ju’s central claim is that Strategy is not structurally set up like a margin trader. Addressing the most common fear—that convertible notes “missing” their conversion price forces liquidation—he stated: “Convertible debt not reaching the conversion price is not liquidation. It simply means the notes get repaid in cash […] Failing to convert is not a bankruptcy trigger. It is just normal debt maturity.” Related Reading: Is The Bitcoin Bottom In? Fidelity Research Lead Weighs The Odds In his view, the repayment pathways are conventional corporate finance tools: refinancing, rolling into new notes, secured borrowing, or operating cash flow. That framing aligns with how convertibles function in practice; if equity is below strike at maturity, the embedded option expires and the instrument reverts to straight debt rather than a forced-sale event. He also grounded his argument in governance and identity. “Saylor would never sell Bitcoin unless shareholders want it,” Ju wrote, warning that “selling even a single BTC would destroy MSTR’s identity as a Bitcoin treasury company and trigger a death spiral for both Bitcoin and MSTR.” Strategy has repeatedly defined itself as a BTC-treasury vehicle, and its shareholder base largely bought into that mandate, making voluntary divestment politically and strategically improbable absent a radical shift in investor preference. Balance-sheet data underpins Ju’s confidence. Strategy reported 640,808 BTC as of Oct. 30, 2025, acquired for about $47.44 billion; subsequent filings cited major November additions taking holdings to roughly 649,870 BTC. Even after accounting for the growing convertible and preferred layers, the BTC treasury remains the dominant asset, meaning solvency stress would require an extreme, prolonged Bitcoin collapse rather than a cyclical drawdown. Related Reading: Why Bitwise Thinks Bitcoin Still Hits $200,000 In 2026 Ju did not claim the equity is risk-free. “This does not mean MSTR’s stock price will always stay high,” he wrote, but called the idea that Strategy would sell BTC to support the stock or face imminent bankruptcy “completely absurd.” He added that even at a price of $10,000 per coin, Strategy would face “a debt restructuring, nothing more.” On preferred shares, he acknowledged dividend obligations, noting payments have not been missed and can be covered via new share issuance—dilutive, but not a liquidation vector. Posting BTC as collateral, he said, would be a last resort because that would introduce real margin risk. In short, Ju’s rebuttal draws a hard line between volatility and insolvency: Strategy may trade like leveraged Bitcoin, but its liabilities do not mechanically force BTC sales. The “Saylor liquidation” narrative, he argues, is a Twitter myth unless the world ends—by asteroid. At press time, BTC traded at $82,050. Featured image created with DALL.E, chart from TradingView.com
Coinbase, the leading crypto exchange, is planning yet another acquisition in what’s shaping up to be its most active year for M&A deals. In a recent blog post, the exchange announced that it has entered into an agreement to acquire Vector, an on-chain trading platform built on Solana. Expanding On-Chain Trading This move will give …
Rep. Warren Davidson introduced legislation that allows bitcoin tax payments without incurring capital gains to beef up the U.S. Strategic Bitcoin Reserve.
BlackRock registered the iShares Staked Ethereum Trust in Delaware on Nov. 19, opening a path toward the firm’s first staked Ethereum ETF in the US. The state-level trust registration does not constitute a formal Securities Act of 1933 application. Still, it positions BlackRock to launch a yield-bearing ETH product once the SEC permits staking inside […]
The post Adding DeFi to your 401k: How BlackRock’s staked Ethereum ETF rewires access to ETH rewards appeared first on CryptoSlate.
The product is set to launch in the next couple weeks, Fanatics CEO Michael Rubin said on CNBC.
BitMine's strategic expansion into Ethereum staking and shareholder dividends could set new standards for profitability in the crypto industry.
The post Tom Lee’s BitMine reports $328 million in profit, prepares to launch MAVAN Ethereum staking next year appeared first on Crypto Briefing.
Market sentiment suggests potential buying opportunities as extreme fear levels often precede market rebounds, indicating possible recovery.
The post CMC Crypto Fear and Greed Index hits record low as market panic deepens appeared first on Crypto Briefing.
Zcash price prediction 2025 is drawing renewed attention as ZEC posts a strong on-chain and market performance despite broader volatility. Rising network hashrate, higher mining difficulty, increased node count, and expanding Zcash privacy transactions all point toward growing adoption, which also aligns with the upward momentum visible in the Zcash price chart. Mining Difficulty and …
Recent data has revealed the demographics of sellers driving the Bitcoin, Ethereum, and Dogecoin crash. The Coinbase BTC premium index also continues to drop further in the red, which strengthens the case of where exactly the sell pressure is coming from. The Demographic Behind The Bitcoin, Ethereum, And Dogecoin Price Crash In an X post, crypto pundit Crypto Rover noted that the U.S. session has been the weakest trading session so far this month. The pundit further shared an accompanying chart, which showed that BTC has suffered a loss of around 12% in the U.S. session since the start of November, also leading to the Ethereum and Dogecoin crash. Related Reading: Why Are The Bitcoin, Ethereum, And Dogecoin Prices Down Again? Meanwhile, the EU has had the second-weakest session after the U.S., with Bitcoin dropping around 12% in this session since the start of this month. The Asian session has been the least volatile, with BTC trading sideways, recording a drawdown of only about 2% since the start of November. Ethereum, Dogecoin, and altcoins have also been stable during the Asian trading session. Crypto pundit Bossman also indicated that the U.S. was responsible for most of the sell pressure that is driving the Bitcoin, Ethereum, and Dogecoin crash. In an X post, he noted that every single American session is marked by relentless selling for hours. Meanwhile, the Asians wake up, buy it all back, and then the Americans wake up, and the selling begins again. Notably, the Bitcoin, Ethereum, and Dogecoin prices record increased volatility whenever the U.S. stock market opens, with market commentator Zerohedge attributing it to the ‘10 am slam’ by market algos. This indicates that institutional investors are heavily contributing to the market crash. This is evident in the significant outflows recorded by Bitcoin ETFs in recent times. These funds have recorded five daily net outflows over the last seven days, according to SoSoValue data. Coinbase BTC Premium Index In The Red CoinGlass data shows that the Coinbase Bitcoin premium index is in the red, further confirming that most of the sell pressure driving the BTC, Ethereum, and Dogecoin crash is coming from the U.S. Typically, a negative premium indicates that the BTC price on Coinbase is lower than the average global price, which signals weak demand from U.S. investors. Related Reading: Analyst Who Predicted Bitcoin Price October Top Is Back With A New Prediction Crypto researcher Kyle Soska noted that Bitcoin and Ethereum are roughly 10 days into a derisking event by U.S.-based entities, likely a combination of ETF users and large private, ultra-high-net-worth individuals. He further remarked that this places the market near the end of the selling episode based on historical data. Soska opined that the first of a near-term bottom would be a mean reversion of the Coinbase-Binance spot discount from its current level of around -$110 back to a more normal level range of around $40. At the time of writing, the Bitcoin price is trading at around $85,000, down over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
What to Know: Many crypto wallets remain either centralized with single points of failure or decentralized yet fragmented and challenging to use on mobile. Users now expect a secure, cross-chain, yield-enabled wallet experience rather than a simple send-and-receive tool. The Best Wallet targets a 40% share of the global wallet market by end-2026 with a mobile-first, benefit-rich, non-custodial design. Fireblocks’ MPC, Rubic’s DEX aggregator, and curated presale access position the Best Wallet’s $BEST presale as a full DeFi command center. Crypto is in another risk-on phase, and you can see it in where capital is flowing. While meme coins still grab headlines, more money is rotating into infrastructure plays that actually solve user pain points, especially around self-custody, security, and cross-chain access. Wallets sit at the center of that shift. If you have used multiple apps, chains, and DEXs, you know the problem. Most of the best crypto wallet contenders are either custodial with clear single points of failure, or non-custodial but clunky on mobile and fragmented across chains. You get basic send and swap options, but not real advantages like curated presales, better yields, or integrated fee discounts. That gap is where Best Wallet is moving fast. Positioning itself as a next-gen crypto wallet, it combines institutional-grade MPC security and a mobile-first design. And now, thanks to its Best Wallet Token ($BEST), it’s adding a benefits layer that goes far beyond just holding tokens. ???? The idea is simple: make self-custody feel as easy as a fintech app, but with deep DeFi hooks. With the $BEST presale already raising more than $17.2M and only a week left on the clock, Best Wallet Token is pushing to become a serious contender for users searching for the best crypto wallet experience, not just another token punt. ➡️ Learn more about the project’s fundamentals in our Best Wallet Token review, and explore detailed $BEST price forecasts to understand the full token outlook. Best Wallet Presale Targets Mass Adoption with Real User Benefits At its core, Best Wallet wants to be the wallet you actually use every day, not just another app in a folder. It is a non-custodial, no-KYC mobile wallet with multi-chain support, while integrating staking, DEX aggregation, and presale access into one streamlined interface via the Upcoming Tokens portal. The security story is anchored by a fully integrated Fireblocks’ MPC-CMP setup, so you get institutional-grade key management without seed phrases being your single point of failure. For users, the pitch is straightforward. Hold and use $BEST to reduce fees across the Best Wallet ecosystem, unlock higher APY opportunities through a staking aggregator, and get earlier, simpler access to new presales that have passed an internal vetting process. That’s in addition to governance rights. ???? The presale has already raised over $17.2M, underscoring clear demand for a more feature-rich, mobile-first wallet stack. $BEST currently costs $0.025975 and you can stake it for 76% APY. Can $BEST Be More Than Just Another Presale Token? If Best Wallet captures even a small slice of the broader wallet market, $BEST could potentially reach levels that deliver multiple returns from the current presale price of $0.025975. ???? Momentum is already showing on-chain, with smart money moving in. High-net-worth wallets snapped up $BEST tokens in chunks with whale buys of $70.2K and $50K. Combine staking incentives, reduced ecosystem fees, and exclusive presale access, and you get a clear utility loop where active users are rewarded for staying inside the Best Wallet ecosystem rather than hopping between random apps or meme coins. If you are looking beyond hype-driven narratives and toward durable wallet infrastructure, this is one presale you may want on your radar. ???? A heads up, though. The Best Wallet Token presale is entering its final stretch with just one week before it ends. November 28 is D-day, so the clock is ticking if you want to join the presale. With a mobile-first non-custodial wallet, Fireblocks MPC security, DEX aggregation, and presale access built in, Best Wallet and its native $BEST token offer a more stable and utility-driven alternative to purely speculative plays. If you are searching for the best crypto wallet experience that bundles security, access, and rewards into one app, $BEST is positioning itself as a potential core holding rather than a side bet. ???? Secure $BEST before the presale ends next week. Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Always do your own research. Authored by Aaron Walker for NewsBTC – https://www.newsbtc.com/news/best-crypto-wallet-17m-presale-ends-soon
US authorities are investigating Chinese Bitcoin mining hardware giant Bitmain over potential national security risks tied to alleged remote capabilities, according to Bloomberg.
Japan’s stimulus package has shaken global markets, including Bitcoin, while the UK cracks down on Russian money laundering and sanctions evasion with crypto.
The crypto market is in one of its sharpest pullbacks of the year, with Bitcoin sliding to around $85,000, Ethereum falling below $2,800, and XRP dropping after recent highs. The total crypto market cap has erased billions within hours, falling more than 7%. Market analyst Tom Lee, co-founder of Fundstrat, explained on CNBC what is …
Binance Japan users can now buy and withdraw crypto through PayPay Money, giving the exchange its first major alternative to bank transfers. The update lands at a strategic moment: PayPay is one of Japan’s most widely used payment apps, and SoftBank now owns 40% of Binance Japan – a pairing that could push crypto deeper …
The United States could generate up to $14 trillion in cumulative value if 1% of federal taxes are paid in Bitcoin over the next two decades, according to new modeling from Bitcoin Policy Institute presented alongside Rep. Warren Davidson’s Bitcoin for America Act. The bill, introduced on Nov. 20, would allow taxpayers to settle federal […]
The post New Bitcoin for America Act lets you pay the IRS in Bitcoin and fuels a $14T boost to economy appeared first on CryptoSlate.
August turned into a landmark month for Ripple and the XRP ecosystem after the U.S. Securities and Exchange Commission formally ended its multi-year case accusing Ripple Labs of offering unregistered securities. The lawsuit, originally filed in December 2020 near the end of President Donald Trump’s first term, targeted Ripple’s sales of XRP and set off …
The exchange’s latest deal folds Solana-native Vector into its consumer trading arm, extending a rapid M&A streak.
Put options have dominated trading activity over the past week.
DATs have taken a significant hit in the latest market selloff, with both the value of their crypto holdings and stock prices collapsing.
Bitcoin Cash (BCH) was also trading lower, down 2.3% from Thursday.
What to Know: Crypto cycles have increasingly tracked macro data, with strong jobs and PMI figures tightening liquidity, while weaker prints often revive risk-on demand. Investors now closely watch unemployment and PMI thresholds, using them as signals to determine when to rotate between high-beta altcoins and more defensive, utility-heavy allocations. AI-driven creator platforms are emerging as a structural theme, transforming fragmented content tools and opaque revenue-sharing models into on-chain, programmable economies. SUBBD targets excessive creator‑platform fees, arbitrary bans, and fragmented AI stacks by merging Web3 payments, governance, and advanced AI tools into a single tokenized ecosystem. Macroeconomic data has quietly turned into one of crypto’s biggest mood swings. One minute, Bitcoin is surging higher on a soft US jobs report, the next it’s plummeting on a hotter-than-expected inflation print, as traders constantly adjust their expectations for rates, liquidity, and risk appetite. Back in 2023, when unemployment flirted with 3.4% and PMI readings hovered near the 50 expansion line, markets reacted like everything was finally calming down. Bitcoin and Ethereum surged, while higher-beta sectors took off, and even AI and creator-economy tokens experienced outsized flows as investors chased momentum. Then you have the other side of the coin. A stronger payrolls report or a surprise rebound in manufacturing can send bond yields flying, push the dollar higher, and suck liquidity out of speculative assets. You have probably seen it play out a hundred times, with majors swinging 10 percent around Non-Farm Payrolls or PMI data. Altcoins without real utility usually get hit twice as hard. That’s why more traders are starting to migrate toward projects with tangible use cases and real user demand. SUBBD fits neatly into that shift. The token powers an AI content creation platform aimed at the $85B creator economy and continues attracting buyers even during choppy macro conditions. The presale has already raised $1.3M; each SUBBD is currently priced at $0.057, and staking offers a 20% APY, which helps support long-term participation, regardless of whether the next data print sends markets into a risk-on or risk-off phase. For a deeper dive into market drivers and long-term growth potential, you can explore our full SUBBD token price outlook. How Jobs And PMI Data Steer Crypto Liquidity Cycles If you zoom out and look at major crypto tops and bottoms since 2020, they line up neatly with shifts in global liquidity. Ultra-loose policy, near-zero rates, and trillions in stimulus helped fuel the 2020 to 2021 bull run. Once central banks began hiking aggressively in 2022 to fight sticky inflation, Bitcoin slid more than 70 percent from its all-time high, and speculative capital dried up across the board. US employment and PMI data sit right at the center of that macro picture. Strong payroll growth and PMI readings comfortably above 50 usually signal a healthy economy. That gives central banks cover to keep policy tighter for longer, which pushes real yields higher and makes risk assets less appealing. Softer data has the opposite effect; it revives rate cut bets, eases financial conditions, and often pulls fresh liquidity back into crypto. In this kind of stop-start environment, investors have been rotating toward AI and creator economy plays that actually solve problems, from Render and Livepeer in compute and streaming, to Web3 social projects that are rebuilding the social graph. SUBBD is trying to sit in that same lane, a content-focused AI and Web3 stack that aims to attract real creators and viewers, not just short-term speculation. That positioning can matter when the next payroll or PMI print flips sentiment from risk on to risk off in a single session. Why SUBBD’s Utility Story Matters When Macro Turns Risk Off When liquidity tightens after a hot payroll report or a stronger PMI reading, tokens with weak foundations and no real revenue paths are usually the first to bleed. SUBBD is built on a different thesis. The project combines Web3 rails with AI creator tooling to challenge platform fees that can reach 70 percent on legacy creator apps, while giving both creators and fans protection from arbitrary bans and geography-based restrictions. At the center of the ecosystem is the SUBBD AI Personal Assistant, a toolkit that automates fan interactions, manages chats, handles basic support, and powers AI voice cloning and full AI influencer creation. All of these features are directly connected to crypto payments, token-gated content, and on-chain governance. As the platform grows, transactional demand for the SUBBD token grows with it, regardless of whether the next PMI print lands at 48 or 55. While many AI creator projects stop at simple chatbot functionality, SUBBD stacks multiple monetization routes on top. Creators can earn from subscriptions, pay-per-view content, NFT drops, and tipping, while users gain XP multipliers and additional rewards through the token. The presale has already raised over $1.3M with each SUBBD priced at $0.057, which suggests that investors are willing to back a utility-driven model long before the full platform goes live. On the reward side, staking starts with a 20% APY in the first year, then shifts into a model where stakers unlock platform benefits that include exclusive livestreams, in-house content, and daily behind-the-scenes drops. In a macro climate where yields on traditional assets can shift after every jobs report, this blend of predictable on-chain rewards and real product utility is an appealing setup for investors who are comfortable taking measured risk. A simple move, not a gamble, is often the smarter play, and the SUBBD presale gives early participants a chance to position before the platform reaches scale. This article is for informational purposes only and does not constitute financial or investment advice. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/will-pmi-and-jobs-data-move-crypto-subbd-token
The investigation highlights growing US-China tensions and raises concerns about foreign tech influence on national security infrastructure.
The post US investigates Bitmain over national security concerns appeared first on Crypto Briefing.
The US SEC’s Crypto Task Force has scheduled a roundtable discussion focused on “privacy and financial surveillance” in December. The timing is notable, as interest in privacy has surged across the crypto industry, amidst the growing adoption of privacy-focused tools and a surge in interest of privacy-focused coins. The roundtable is set for December 15. The …
Starknet price prediction 2025 has become an increasingly discussed topic as STRK shows unusual strength against a broadly bearish crypto market. Despite heavy volatility across major cryptos, Starknet price today reflects meaningful resilience supported by rising fundamentals, stronger activity metrics, and technical improvements that hint at a potential long-term shift. STRK’s Unexpected Comeback: Market Defies …
A surprise appearance by US Treasury Secretary Scott Bessent at the opening of a Bitcoin-themed bar in Washington, DC, has drawn sharp attention from both crypto supporters and cautious observers. Related Reading: Trump’s WLFI Moves To Contain Wallet Breach While Federal Inquiry Looms According to reports, Bessent stopped by Pubkey during its launch event, a move that many in the Bitcoin community read as a visible sign of warmer relations between parts of government and the crypto sector. Pubkey Visit Raises Eyebrows And Cheers Pubkey, a venue that bills itself as Bitcoin-friendly, has grown from a New York outpost into a small chain. Reports have disclosed that the New York location once hosted US President Donald Trump, who reportedly paid in Bitcoin during a previous visit. The Washington opening, where Bessent appeared unannounced, triggered a flurry of online reaction. Some community figures called the moment historic. Others urged caution, saying public appearances do not automatically translate into policy shifts. Had to do a second buy today using my “it was so obvious” framework. Having the Secretary of the Treasury at the Pubkey DC launch seems like a moment I could easily look back on and say “wow, it was all so obvious”. Stack Sats and chill. https://t.co/8uPWEqLJ9y pic.twitter.com/Dew1A4gkFZ — Ben Werkman (@BenWerkman) November 21, 2025 Policy Signals And Concrete Talk Based on reports, Bessent has been public about ideas that place Bitcoin on the government agenda. He has spoken about the GENIUS Act and has discussed ways the Treasury could use seized Bitcoin to seed a Strategic Bitcoin Reserve in a budget-neutral manner. In an interview dated March 7, 2025, he suggested the Treasury was exploring options that would avoid immediate sales of seized crypto and instead look for ways to keep BTC on the books. That shift in tone is being watched closely by traders and policy watchers alike. Community Reaction Was Fast Ben Werkman, a crypto fund CIO, said the event felt like a “moment” for the industry. Another industry figure, Steven Lubka, called it the sign many had been waiting for. At the same time, analysts warned about reading too much into a single photo op. One trader noted that market moves are driven by many forces, and that symbolic gestures often take time to matter for prices. Short-term traders may ignore signals like this, while longer-term holders may file them away. What This Means For Markets And Lawmakers If the Treasury takes steps to pause sales of seized BTC and to test ways of holding coins, the move could change how institutional players view the asset class. But reports also remind readers that policy ideas meet legal and budget tests before they become real. Lawmakers and regulators will have to weigh the proposal. The public nature of Bessent’s visit, though, makes the discussion harder to treat as private or theoretical. Related Reading: XRP Supply Shock Ahead? ETFs Could Consume It All, Analyst Predicts A Moment, Not A Promise The image of a cabinet official mingling at a Bitcoin bar is powerful. It gives the community talking points. Yet, officials and experts say more formal steps are required before the visit becomes policy. For now, the appearance stands as a public sign of interest, backed by statements and proposals that are still in play. Bitcoin’s supporters will note the visibility. Critics will watch for the paperwork. Photo illustration by Slate. Photos by vvelda@ymail.com/Flickr and Wavebreakmedia/iStock/Getty Images Plus, chart from TradingView
With short-term holders driving Bitcoin’s sell-off, realized losses are hitting historic levels, leaving investors to wonder where the bottom might be.
GSR upgraded GSR One, unifying market making, over-the-counter trading and treasury services as demand for institutional-grade crypto infrastructure increases.
Short-term realized-loss dominance is typical of market stress, but the magnitude this week stands out.
Previously having essentially written off chances of further monetary ease in 2025, interest rate traders are now pricing more than a 70% chance of a rate cut at the Federal Reserve's December meeting.