An Argentine congressional committee released a 200-page report finding a pattern of misconduct in President Javier Milei's Libra crypto promotions.
Dave Portnoy has re-entered the digital-asset arena with a seven-figure allocation in XRP that has raised eyebrows across the market. At a time when XRP continues to face downward pressure and muted investor sentiment, the Barstool Sports founder executed a decisive million-dollar purchase. The timing, scale, and narrative surrounding the move have prompted renewed scrutiny of an asset many assumed had exhausted its momentum. Strategic Capital Deployment Amid XRP’s Weak Price Performance Portnoy recently revealed that he acquired $1,000,000 worth of XRP, alongside $750,000 in Bitcoin and $400,000 in Ethereum. He framed his move bluntly, describing the market as “bleeding” and presenting his purchases as a calculated attempt to buy the dip. This timing is questionable because XRP has been struggling to maintain momentum, with the token falling nearly 15% over the past week and oscillating around the $2.13 mark with no clear breakout in sight. Related Reading: Here’s Why The Bitcoin Price Could Pump To $110,000 This Week This downward trajectory is particularly notable given the market’s anticipation that the recent Canary XRP ETF launch would trigger a bullish reaction. Instead, prices trended lower, making Portnoy’s re-entry a contrarian move against prevailing sentiment. His announcement generated swift public attention, with Eric Trump commenting “smart trade” under Portnoy’s post. Among XRP enthusiasts, this could be interpreted as more than casual praise—some view it as a subtle hint of potential positive developments for XRP, recalling the Trump family’s history of well-timed investments before major market spikes. Meanwhile, market analyst Barri C has fueled optimism with a bullish projection for XRP, suggesting that the asset could experience a rapid, substantial surge in value sooner than widely expected. When combined with Portnoy’s million-dollar allocation, this positions his trade as a forward-looking strategy aligned with emerging bullish signals and broader positive market commentary. Institutional Momentum May Explain The Timing XRP is seeing a major institutional shift. Bitwise Asset Management recently announced its spot XRP ETF, set to trade soon on the NYSE under ticker XRP, waiving the 0.34% management fee for the first month on the first $500,000,000, making it easier for traditional investors to gain regulated exposure and participate more efficiently. Related Reading: Here’s Why The Ethereum Price Is Crashing Again, Can It Breach $3,000? These developments create a more supportive market environment, positioning the ETF for a potentially strong launch despite short-term weakness in XRP’s price. While the chart shows a pullback, Bitwise emphasizes that XRP’s regulatory positioning, infrastructure upgrades, and broader capital-market integration have accelerated. Portnoy’s $1,000,000 XRP purchase reflects a strategic bet on these emerging market drivers and potential asset re-pricing as institutional flows begin to enter, rather than on current sentiment. In this environment, his decision appears less reactive and more like a calculated move. Whether Portnoy has privileged insight or simply recognizes how institutional adoption reshapes markets, the timing of his allocation signals conviction at a moment when others remain hesitant. Featured image created with Dall.E, chart from Tradingview.com
21Shares, one of the largest names in crypto ETPs, has announced the addition of six new crypto ETPs, including Aave (AAVE), Cardano (ADA), Chainlink (LINK), Polkadot (DOT), the Crypto Basket Index ETP, and the Crypto Basket 10 Core ETP to Nasdaq Stockholm, providing Nordic investors with even more easy ways to invest in digital assets. …
Tax revenue denominated in Bitcoin would be funneled into the US strategic BTC reserve and would not trigger a taxable event for the payer.
Digital asset treasury firms are increasingly turning to share buybacks to arrest plunging stock prices as investor demand sours.
Already convicted of one felony charge and facing a possible retrial on two others, the Tornado Cash co-founder’s future is uncertain.
The day after his confirmation hearing, the Senate Agriculture Committee followed up with a quick vote to advance Mike Selig to the overall Senate for a final vote.
President Donald Trump's pick to lead the CFTC, Michael Selig, advanced on Thursday as it heads to the full Senate for the next vote.
Bitcoin nears the $73K-$84K max pain range, with analysts suggesting a deep discount around major institutional cost bases.
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Bitcoin (BTC) price has extended its losses below $87k on Thursday, November 20, 2025. The flagship coin dropped over 5% during the past 24 hours to reach a new seven-month low of about $86.3k before rebounding to trade about $87.3k at press time. The wider crypto market followed Bitcoin in losses, thus resulting in over …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto analyst Chad Steingraber has sparked both excitement and skepticism in the crypto community with a bold prediction for the XRP price. According to his technical analysis, XRP could surge to an astonishing $220 solely due to the impact of its Exchange-Traded Funds (ETFs). He draws a parallel with Bitcoin’s historic price spike following its spot ETF launch, suggesting that institutional adoption and market enthusiasm could drive a similar meteoric rise for XRP. While the bold claim has caught the interest of market participants, questions remain about whether this projection is realistically achievable. XRP Price To Reach $220 From ETF Influence On Wednesday, Steingraber shared his bullish XRP price forecast on X social media, suggesting that the cryptocurrency could experience an explosive surge to $220 depending on the results of its ETFs. He bases this striking prediction on the potential impact of institutional inflows, arguing that the launch of major XRP ETFs could dramatically increase XRP’s demand and price. Related Reading: XRP Investors Holdings Have Hit Worst Losses In 1 Year, Here Are The Stats Steingraber has based his XRP price projection on Bitcoin’s post-ETF launch performance in 2024. He pointed out that the BTC price roughly doubled in value during the first year after its Spot ETF debut, driven by strong institutional adoption, market enthusiasm, and broader momentum. Using this as a benchmark, the analyst compares both the absolute and percentage gains of Bitcoin to estimate that XRP could experience a similar surge in value. He believes that with the potentially massive inflows set to come from XRP ETFs, the current price of the cryptocurrency could multiply by 100x to reach $220. Steingraber has highlighted the Canary XRP ETF, XRPC, which recorded massive consecutive inflows this month and became one of the most successful ETF launches in 2025, as evidence of growing institutional interest. He described XRPC as a “warning shot,” signaling the arrival of other major players in the market. ETF Inflows To Consume Supply, Amplifying Price Pressure In a separate analysis, Steingraber examined the potential effects of ETF inflows on XRP’s supply and price. He envisioned a scenario where multiple funds collectively acquire over $1 billion worth of XRP in a single day, which is equivalent to more than 229 million XRP. Extending this hypothetical situation, he calculated that weekly ETF activity could absorb over 1.14 billion XRP, while monthly accumulation could exceed 4.58 billion XRP. Related Reading: Famous Trader Bets $27 Million That The XRP Price Will Crash In about six months, he surmised that ETF demand could theoretically purchase nearly 27.5 billion XRP, an amount large enough to consume a significant portion of the cryptocurrency’s circulating supply. Additionally, Steingraber’s projection highlights the potential structural pressure that institutional ETFs could exert on the altcoin’s price. Even without price appreciation, the analyst suggests that the scale of potential ETF inflows could create supply constraints that could drive upward momentum. Additionally, he predicts that the collective ETFs could drain the entire public supply within one year. Featured image from iStock, chart from Tradingview.com
Bitcoin weakness persists as the BTC price drops to $86,000, alongside a US stock market sell-off and diminishing odds of a 50-basis-point Fed interest rate cut at the next FOMC.
A new bill is circulating in Washington that would allow people and companies in the U.S. to pay federal taxes in bitcoin.
Users can borrow up to $1 million in USDC against their Ether as Coinbase expands its Base-powered network, which has processed $1.25 billion in loans.
USDm will be minted through Ethena’s USDtb system, giving the new stablecoin a reserve structure similar to one used by existing institutional-grade offerings.
An unnamed national bank has asked the Office of the Comptroller of the Currency for permission to hold crypto on its own balance sheet to support blockchain-based services. On Nov. 18, the OCC finally answered. In Interpretive Letter 1186, the agency confirmed that national banks may hold the native assets needed to pay blockchain “network […]
The post US banks can now hold crypto – but why is it only for gas fees? appeared first on CryptoSlate.
The company's holdings, which include bitcoin and ether, have been managed through trading and hedging strategies since 2017.
Strategy could see about $2.8B in outflows if MSCI removes it from its indices, and another $8.8B if other index providers follow.
The cryptocurrency market plunged sharply today, with total market capitalization falling below $3 trillion. Bitcoin slid to $86,904, Ethereum dropped to $2,817, and XRP touched $1.99. Other major coins like BNB, Solana, and Cardano also recorded losses, showing broad-based weakness across digital assets. Japan’s Bond Yields Trigger Shockwaves Experts point to Japan’s surging long-duration yields …
Analysts say Bitcoin is nearly in its “max pain” zone as the cost basis of BlackRock’s IBIT and Strategy’s massive BTC treasury draws near.
The cryptocurrency market finds itself at a compelling crossroads, and Ethereum has once again returned to a pivotal on-chain support zone that has historically marked major turning points in its market cycle. With ETH now pressing against this same support, the market is exhibiting a strong reaction that could confirm the integrity of the long-term trend. Why This On-Chain Support Zone Defined Ethereum Recovery Ethereum’s price is sitting right on top of its most important on-chain support, and the behavior around this level is exactly what occurs before a big reversal. A popular crypto news site, CryptosRus, has revealed on X that the ETH price sharply dropped to $2,870 earlier today, only to bounce instantly after Nvidia’s earnings lifted the entire market. CryptoRus highlighted that this bounce isn’t the real story, but the level at which it happened is. Related Reading: Ethereum Big Wallets Are Back: Whales Are Quietly Accumulating ETH – A Rally On The Way? Presently, the $2,800 zone is a strong on-chain floor for ETH. This is because the level lines up perfectly with the realized price of both retail and whales. These are the same zones that have marked the ETH bottoms in every past cycle, and ETH just tapped it perfectly. The classic signature of a bottom-zone behavior is that small wallets are in panic, while big wallets are buying in silence. Meanwhile, the on-chain rotation data has clearly shown that retail holders are selling, while whale investors holding 10,000 ETH and above are steadily loading up. A similar sentiment has been detected in the liquidation data. Long liquidations are barely moving on each new low, which means that the forced sellers are gone and the short sellers have been piling in aggressively. That’s the perfect setup for a squeeze. According to the expert, ETH didn’t just dip; it slammed into a major on-chain support, as large investors bought it up with conviction. Meanwhile, retail dumped it in panic, shorts crowded it, and now even a small bounce can trigger the fireworks. Historical Patterns Suggest A Reset Precedes The Next Expansion Ethereum had just repeated the identical liquidity pattern that occurred at the last two major bottoms, and it happened almost in the same week. An analyst known as Milk Road has stated that every single major ETH reversal started with a full liquidity reset. Related Reading: Ethereum Price Uphill Battle Continues as Sellers Hold the Advantage As that same liquidity reset occurs again, that’s when the ETH price begins its next massive expansion leg, which is exactly the setup ETH is currently in. In the meantime, the next phase will depend entirely on how quickly the market depth can be rebuilt. Featured image from Freepik, chart from Tradingview.com
The billionaire founder of hedge fund Bridgewater believes Bitcoin faces major hurdles before it can become a global reserve currency.
The Basis Markets project raised $28 million in late 2021, but never launched the platform it claimed to be working on, and went dark shortly after, offering no refunds.
Nvidia stock fell 2% Thursday, wiping out a 6% post-earnings rally as markets reversed and traders questioned AI trade momentum.
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Haseeb Qureshi and Sean Lippel join Kelvin Sparks and Steven Gates on first episode of The Block's latest podcast produced with Avalanche – Layer One.
Hedera’s token slipped below key support levels as a late-session trading halt, collapsing volume, and failed recovery attempts point to mounting structural and liquidity stress.
India’s government is considering adopting a stablecoin regulatory framework while the Reserve Bank of India urges a "cautious" approach.
The sudden drop in Bitcoin's value highlights the inherent volatility and risks in cryptocurrency trading, impacting investor confidence and market stability.
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Heavy trading activity during a failed rebound attempt pushed ICP into a tighter consolidation zone below $4.95, reinforcing short-term downside risk.