Multiple technical failures during MegaETH’s pre-deposit phase pushed the raise beyond its limitations and forced the team to halt the sale.
A $10M budget allocation for BTC was approved with the reported $5M trade representing the first step toward deploying those funds.
XRP is leading the race for altcoin supremacy in the US crypto exchange-traded fund (ETF) market with its record performance since last month. In less than 10 trading days, the new crop of US spot XRP ETFs has registered cumulative inflows of roughly $587 million, compared with approximately $568 million for their Solana counterparts. This […]
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Solana (SOL) is staging an impressive comeback as renewed institutional demand supports the network’s key support levels. Related Reading: Bitcoin Faces Less Than 50% Chance Of Hitting $100,000 By December 31, Says AI Model The latest surge in investor interest, led by a record-breaking inflow into Bitwise’s Solana ETF, has helped the asset stabilize after weeks of market turbulence, offering fresh optimism for a potential trend reversal. SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview Record Solana ETF Inflows Signal Renewed Institutional Confidence Bitwise Asset Management recorded a historic $39.5 million single-day inflow into its Solana ETF, the largest since the product launched. The milestone reflects a clear shift in institutional portfolios toward high-utility blockchain assets, with Solana increasingly emerging as a preferred choice beyond Bitcoin and Ethereum. The network’s reputation for speed, scalability, and active ecosystem continues to anchor demand, with institutional investors prioritizing blockchains that demonstrate real-world functionality. This surge in ETF interest comes despite broader market volatility. Recent weeks saw nearly $1.94 billion in total outflows across crypto investment products, one of the largest downturns since 2018. Yet, Solana ETF performance shows institutions are not withdrawing from the market entirely, they are reallocating capital toward networks with measurable usage and long-term growth potential. Solana Price Rebounds as Key Supports Hold Firm After dropping to $121.50 on Friday, Solana rebounded sharply to reclaim the $135–$140 range, marking a 14% recovery. Despite a 30% decline over the last month, SOL has shown notable resilience. The asset continues to hold above the crucial $125–$130 support band, a zone analysts describe as the foundation of Solana’s current market structure. Derivatives markets, however, still reflect caution. Negative funding rates and declining open interest indicate traders remain defensive, with sentiment yet to fully align with the positive ETF inflows. Even so, on-chain activity paints a more optimistic picture. Solana leads all major networks in active addresses and daily transactions, with user activity increasing 13% over the past month, even as Ethereum’s activity declined 15%. ETF Strength and On-Chain Utility Shape Solana’s Next Move The junction of strong ETF demand and robust network fundamentals suggests Solana could be positioned for a broader recovery, provided it maintains the $125 support level. Analysts point to $163, $170, and eventually $195–$243 as potential upside targets if buyers continue to absorb selling pressure. Related Reading: Bitcoin To $40,000? Signal Behind Past 60% Crashes Is Back While macro uncertainty and recent market outflows still pose risks, Solana’s ability to withstand significant volatility, while attracting record institutional capital, signals enduring confidence in its long-term value. If current momentum holds, Solana may soon challenge higher resistance zones, backing its position as one of the most resilient high-utility blockchains in 2025. Cover image from ChatGPT, SOLUSD chart from Tradingview
Bitwise's Dogecoin ETF, BWOW, was certified by NYSE Arca, signaling investors will soon be able to start trading the meme coin fund.
Bitcoin price stalled as traders considered the impact of Friday’s $14 billion options expiry, with data showing some bullish traders positioning for higher prices.
The US CFTC opened nominations for a CEO-led advisory group to help shape policy on crypto, prediction markets and other emerging products.
Kevin Hassett is at the top of the leaderboard to become the next Fed Chair, according to reporting from Bloomberg.
SKALE on Base allows agents to take advantage of the chain's scalable infrastructure and Base’s liquidity, users, onramps, and distribution.
The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S.
Bitcoin dominance is currently sitting around the mid-50% range, and although it has not shown any dramatic breakdown yet, some traders are beginning to watch for signs of rotation. Data from platforms that track market share show Bitcoin dominance slowly pushing to the mid-fifties, but projections suggesting a future decline are forming the basis of new discussions in the XRP community. One such projection comes from an XRP enthusiast known as DROP, who shared a chart illustrating a steep fall in Bitcoin dominance that he believes will unlock XRP’s next major rally to double digits. Bitcoin Dominance Projection Shows A Breakdown Zone The chart shared by DROP outlines a scenario where Bitcoin dominance trends sideways for a while before sliding into the low-40% region. This projected decline is highlighted by a wide purple zone extending into 2026. The expectation is that a major rotation into altcoins, most especially XRP, would begin once dominance loses its current structure. Related Reading: Here’s How High The XRP Price Needs To Be To Flip Bitcoin Although Bitcoin’s dominance has fallen quite a bit from its 60% range where it was circulating in October, it has fairly held up even when it fell to as low as $81,000 on November 21. The last time Bitcoin’s dominance was as low as 40% was in early 2023. The idea behind the projection is not that another fall in dominance has already begun, but that the dominance is in a region where it could crash if market conditions change. According to DROP, this is the moment that will cement the beginning of XRP’s strongest move of the cycle. It is from here that the XRP price runs to double digits. Double-Digit XRP Dependent On A Crypto Market Transition XRP has often been one of the few assets that have shown the ability to outperform Bitcoin, especially when traders rotate into large-cap tokens that have lagged behind Bitcoin during the early part of a cycle. Related Reading: XRP Price Has Surged 15% Anytime This Metric Appeared In The Past This pattern was visible in both January and July 2025. The January 2025 move pushed XRP above $3 for the first time since 2018, and the July 2025 move saw the XRP price register a new all-time high. The projection by DROP positions XRP as one of the likely gainers once market share begins to redistribute away from Bitcoin. This has not happened yet, and current dominance readings reflect stability rather than collapse. The projection centers on what could occur when the market enters the next altcoin rotation phase. If dominance eventually drops toward the low-40% range, then the conditions might just be right for XRP to break out above $10. These conditions include retail and institutional participation, deeper liquidity from large investors, and meaningful inflows into XRP ETFs to sustain such an advance to double digits. Featured image from Getty Images, chart from Tradingview.com
US Bancorp stablecoin testing on Stellar blockchain enables secure, compliant digital asset transactions and advances bank innovation.
The post US Bancorp selects Stellar chain for stablecoin pilot appeared first on Crypto Briefing.
Timechain Index founder Sani reported 87,464 BTC flowing out of institution-tagged wallets between Nov. 21 and Nov. 22, adding that he hadn’t seen such movement in months. The raw data showed over 15,000 BTC leaving tracked cohorts on Nov. 21 alone, the largest single-day outflow since June 26. Yet, as Sani clarified in a note, […]
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Crypto payments firm MoonPay has gained regulatory approval in New York to safeguard customers’ digital assets and facilitate OTC trades.
The CFTC's Acting Chair, Caroline Pham, is seeking chief executives to bolster a newly formed CEO Innovation Council.
The bank cited increasing trading volume and the number of users at large exchanges, as well as gaps in South Africa’s regulatory framework on crypto.
The bank's push into stablecoins puts it among many other traditional financial institutions, like Bank of America and Citi.
XRP is under heavy selling pressure as the broader crypto market struggles with uncertainty, risk aversion, and fading bullish momentum. Fear continues to spread across investors, and liquidity conditions are tightening, putting additional weight on assets that previously demonstrated strength. Related Reading: Bitmine Scoops Up Another 28,625 Ethereum ($82.1M) as Market Bleeds – Details One of the clearest signs of stress now comes from Binance data — the largest trading platform by volume — showing that XRP Open Interest has dropped to its lowest level since November 2024. This decline highlights a significant shift in trader positioning, signaling that speculative appetite is drying up and leverage is being unwound across the market. According to the latest derivatives metrics, XRP is entering a critical phase marked by weakening sentiment and a steady loss of momentum. The sharp contraction in Open Interest reflects reduced participation from both long and short traders, suggesting that the market currently lacks conviction to support a sustained directional move. This shift comes at a time when XRP had previously been attempting to stabilize above key psychological levels, but continued selling pressure has prevented a clean rebound. XRP Derivatives Show Liquidity Drain and Bearish Control A CryptoQuant report from Arab Chain reveals a sharp deterioration in XRP derivatives conditions, highlighting growing stress across the market. Open Interest on Binance has fallen dramatically from record highs above $1.7 billion to nearly $504 million, and briefly down to $473 million. This steep contraction reflects a major outflow of liquidity from both long and short positions, signaling that traders no longer have the conviction needed to sustain a clear directional trend. The decline in OI aligns closely with XRP’s price drop to $2, after trading above the $2.5–$3 range in recent weeks. This correlation suggests that traders are not reopening positions after being flushed out, leaving the market driven by short-term flows rather than sustained accumulation. Funding rates reinforce this weakness. Over the past two months, funding has frequently turned negative, showing that short sellers are willing to pay to maintain their positions. Negative funding typically indicates that selling pressure outweighs buying demand, increasing the probability of continued downside unless fresh liquidity enters the market. Taken together — collapsing Open Interest, persistent negative funding, and declining price action — the data paints a picture of deep fragility. There are no visible signs of meaningful accumulation from whales or institutions, and without a reversal in derivatives behavior, XRP remains firmly under seller control. Related Reading: 63K Bitcoin Exits Long-Term Wallets: A Surge of Speculative Short-Term Buying XRP Price Shows Weak Rebound After Breakdown XRP continues to struggle under heavy market pressure, and the chart reflects a clear loss of bullish structure. After failing to hold above the $2.50–$2.70 range, price broke down sharply and recently tagged lows near $1.90 before attempting a modest rebound. The rejection from the 50-day and 100-day moving averages shows that sellers remain firmly in control, with both moving averages now sloping downward — a sign of sustained bearish momentum. Additionally, XRP remains below the 200-day moving average, reinforcing the broader downside bias and signaling that the market has not yet regained long-term support. Related Reading: Anti-CZ Whale Loses Big: $61M in Profit Wiped Out As Ethereum and XRP Longs Collapse Volume spikes during selloffs highlight capitulation-driven moves rather than accumulation, while the weaker volume on recent green candles suggests limited conviction behind the bounce. Each recovery attempt has been met with resistance, forming lower highs and lower lows — a classic bearish continuation pattern. To shift sentiment, XRP would need to reclaim the $2.40 level and consolidate above it; otherwise, the risk of retesting $1.90 or even falling toward $1.70 remains elevated. Featured image from ChatGPT, chart from TradingView.com
Halving math, shielded growth and NU6.1 governance turned Zcash from a low-profile relic into November’s most-searched crypto.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The addition of Fordefi’s MPC wallet infrastructure broadens Paxos’ regulated capabilities for custody, tokenization and institutional onchain operations.
USDT0 launched in January using LayerZero's Omnichain Fungible Token standard, enabling it to extend to 15 blockchains.
ShapeShift’s Houston Morgan told The Block that JPMorgan Chase abruptly closed his business bank account last Friday.
Based on reports, victims of the October 7 attacks in Israel have filed a federal lawsuit against Binance and its founder, Changpeng “CZ” Zhao, claiming the exchange allowed large crypto flows to militant groups. Related Reading: Bitcoin Creator Somehow Becomes ‘Poor’ By Losing $41 Billion Without Saying A Word The complaint lists 306 American plaintiffs who say they were killed, injured, or taken hostage and are demanding damages. Dormant Accounts Draw Scrutiny According to the filing, the plaintiffs allege Binance helped move more than $1 billion for Hamas and other US-designated groups over several years. They claim that more than $50 million passed through the platform after the October 7, 2023 assault. These figures sit at the center of the case and could shape the request for compensatory and treble damages. The complaint also highlights unusual account activity that lawyers say should have triggered alarms. One example involves an account tied to a Venezuelan woman linked to a Brazilian livestock business. Binance Holdings faces a lawsuit claiming the cryptocurrency platform “knowingly facilitated” crypto transactions by Hamas before the group attacked Israel on Oct. 7, 2023, killing 1,200 people and taking 250 hostages. https://t.co/B3rO7bAjN6 — The Japan Times (@japantimes) November 25, 2025 Reports say the account received over $177 million in deposits after opening in 2022 and later sent out more than $130 million in withdrawals. Attorneys argue that movements of this size should have been examined more closely. Large Sums And Strange Flows Based on reports, the plaintiffs argue that Binance’s controls were weak or ignored, allowing questionable transfers to move across borders. The lawsuit lists alleged links to Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Revolutionary Guard. Lawyers claim the platform became a tool for shifting money while avoiding standard financial checks. Binance has said it complies with international sanctions laws and has denied having any special ties to terrorist groups. Its legal history forms part of the background: in late 2023, the company pleaded guilty in a major federal case and paid a $4.32 billion penalty tied to anti-money-laundering and sanctions violations. That earlier case, along with Zhao’s four-month prison sentence, is referenced in the new complaint. Related Reading: Bitcoin’s Sudden Volatility Jump Signals Options Could Be Calling The Shots—Analyst Legal Stakes And Future Impact The new lawsuit seeks damages under a US anti-terrorism law that can triple any award. If the plaintiffs succeed, the financial and reputational impact on Binance could be severe. The complaint was filed in federal court in North Dakota and is separate from another case in Manhattan that is already moving through the court system. The filing also recalls that Zhao’s prison sentence was later followed by a pardon from US President Donald Trump, something the plaintiffs point to as part of the exchange’s complicated legal path. They argue this new lawsuit is necessary to push for accountability after years of what they see as weak controls. Featured image from alliance / Zumapress.com, chart from TradingView
Stellar breaks through critical $0.2460 level as institutional flows drive measured accumulation above seven-day averages.
The New York Stock Exchange has approved the listing for another Dogecoin exchange-traded fund, clearing the way for Bitwise's fund, BWOW.
The approval came as the US Senate is expected to vote soon on prospective CFTC chair Michael Selig as a replacement for acting Chair Caroline Pham.
Acting Chairman Caroline Pham said the group will help usher in a new era of market structure, including a focus on digital assets.
Negative Bitcoin funding rates and large short liquidity zones could be a sign that a short-squeeze to $90,000 and higher may be in the cards.
Texas becomes first US state to buy Bitcoin for treasury reserve, investing $10M via BlackRocks ETF ahead of planned self-custody.
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