MAS Managing Director Chia Der Jiun said that tokenization has moved beyond experimentation and is now used in real-world applications.
Memecoin POPCAT experienced a significant downturn on Wednesday following a major manipulation event on Hyperliquid (HYPE), one of the leading decentralized exchanges in the cryptocurrency market. POPCAT Faces 43% Drop Following Manipulative Scheme According to a detailed analysis of the situation by DeFi researcher Hanzo on social media site X (previously Twitter), an unknown trader executed a well-coordinated strategy approximately 13 hours prior to the market disruption. The trader withdrew $3 million in USDC from the OKX exchange and distributed the funds across 19 different wallets on Hyperliquid. Subsequently, they initiated sizable long positions on POPCAT, accumulating total exposure estimated between $20 million and $30 million. Related Reading: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point To create an illusion of demand for the memecoin, the trader placed a massive buy wall at the price point of $0.21, with orders totaling $30 million lined up on the order book. This artificial façade of high buying interest successfully attracted real traders, prompting them to jump on the bandwagon and increase their own buying activity. However, the situation took a swift turn when the trader removed the buy wall without warning, leading to an instantaneous collapse in the price of POPCAT. This shift resulted in the liquidation of all the long positions taken by traders. The unknown trader lost their $3 million collateral, while Hyperliquid’s HLP system automatically absorbed the open positions. This action triggered an additional loss of approximately $4.9 million to the HLP, exacerbating a broader market selloff across the token. Hyperliquid Faces Third Major Disruption This Year In the wake of the incident, the Hyperliquid team took emergency measures to stabilize the market and close any remaining exposures. Shortly after, the platform paused its Arbitrum (ARB) bridge, although it continued processing deposits and withdrawals normally. The community has expressed skepticism regarding the circumstances surrounding this incident, with many suggesting it may not have been a random liquidation. Instead, some believe the event could resemble a deliberate stress test or an attack aimed at destabilizing Hyperliquid’s liquidity system. Some contend that the rapid loss of millions in such a short time frame seems too calculated to be merely coincidental. Related Reading: China’s Cybersecurity Agency Alleges US Government Stole $13 Billion In Bitcoin This incident marks the third major market disruption on Hyperliquid in 2025, raising serious questions about the exchange’s approach to handling liquidity concentration and its systemic risk management practices, as noted by Hanzo in his analysis. Following the manipulation, the POPCAT memecoin saw a steep decline of approximately 43%, dropping from $0.21 to $0.12, with total liquidations reaching around $63 million. The decentralized exchange’s native token, HYPE, also declined significantly following the event. According to CoinGecko data, it is currently trading at $38.25, which is a 7% decrease on the weekly timeframe. Featured image from DALL-E, chart from TradingView.com
An analyst has pointed out how Chainlink could see its next major move after it breaks past the range of this technical analysis (TA) pattern. Chainlink Has Been Trading Inside A Triangle Recently In a new post on X, analyst Ali Martinez has shared about a pattern forming in the 1-week price of Chainlink. The pattern is a Triangle from TA, which is a type of consolidation channel that appears whenever an asset’s price trades between two converging trendlines. Related Reading: Bitcoin “Arguably Undervalued,” Says Analytics Firm: Here’s Why Like other consolidation patterns in TA, the upper level of a Triangle is a source of resistance, while the lower one that of support. Also, a break out of either of these boundaries can signal a continuation of trend in that direction. There are a few different types of triangles, based on the orientation of the trendlines with respect to the graph axes. The “Ascending Triangle” forms when the upper line is parallel to the time-axis. As the price moves through this pattern, its range shrinks in an upward manner. Similarly, the price moving down as it goes deeper into the triangle results in a “Descending Triangle.” When the range shrinks in a manner where there is no bias attached to any particular side, the Triangle formed is called a “Symmetrical Triangle.” The two trendlines approach each other at a roughly equal and opposite angle in this case. In the case of the current Chainlink Triangle, none of these cases fit exactly, as the trendlines are uneven. As the chart shared by Martinez shows, LINK’s Triangle lies somewhere between the Symmetrical and Ascending types. As displayed in the above graph, the 1-week price of Chainlink bounced down from the resistance level of this Triangle earlier in the year and has since been approaching a retest of the support line. “The range between $13 and $26 is a no-trade zone for Chainlink $LINK,” noted the analyst. $13 and $26 here naturally correspond to the levels where the lower and upper levels are roughly located right now. “The next major move will come once price breaks out of this range,” explained Martinez. Generally, Triangle breakouts become more likely to occur the closer the price gets to the end of the pattern. Related Reading: Bitcoin Spot Demand Growing For First Time Since Early October: CryptoQuant Head This is because the asset’s range narrows as it approaches the Triangle’s apex. The tight consolidation makes retests more probable to occur, and so, the chances of one of the levels not holding up also rise. It now remains to be seen when Chainlink will finally break out of its consolidation channel, and whether a big move would follow. LINK Price At the time of writing, Chainlink is trading around $15, down almost 4% over the last 24 hours. Featured image from Dall-E, charts from TradingView.com
The DeFi market was thrown into chaos after Hyperliquid faced a sudden $30 million trading meltdown, caused by just one trader’s $3 million leveraged bet on POPCAT. The move sent shockwaves across the market, as the POPCAT meme coin crashed nearly 25%, dropping from $0.20 to $0.12, and causing over $5 million in losses for …
Versan of BlackSwan Capitalist recently said that XRP’s path is starting to mirror gold’s transformation in global markets. For years, gold moved in sync with interest rates, rising when borrowing was cheap and falling when rates climbed. But that relationship has weakened, as gold reclaimed its identity as a store of intrinsic value, less affected …
Metaplanet CEO Simon Gerovich says JPX’s concerns target firms with backdoor listings or poor approvals and insisted the critique doesn’t apply to it.
At the Philadelphia Fed Fintech Conference, SEC Chairman Paul S. Atkins revealed the next phase of Project Crypto, a major step toward establishing a token taxonomy framework. This initiative aims to clearly categorize digital assets under U.S. securities laws, providing long-awaited regulatory clarity to the crypto market. Fox Journalist Eleanor Terrett shared detailed insights from …
The token is described in Canary’s filing as both a memecoin and a “cultural statement.”
United States President Donald Trump late Wednesday signed legislation that ended the country’s 43-day government shutdown, reopening federal agencies and restarting paused services after what had become the longest shutdown in modern history. Reports have disclosed the measure passed both houses this week and moves quickly to restore pay and services. Related Reading: Dogecoin Alert! Price Could Explode Over 2,800%, Analyst Says Funding Push Restores Pay And Services According to official House materials, the measure passed the House by a 222–209 vote and carries continuing appropriations that fund agencies through January 30, 2026. The bill covers several full-year appropriations and aims to return back pay to hundreds of thousands of federal workers who were furloughed or forced to work without pay. President Trump signs bill to OFFICIALLY reopen the government, ending the Democrat Shutdown. Let’s get our country WORKING again. ???????? pic.twitter.com/QJqX90k9sC — The White House (@WhiteHouse) November 13, 2025 Markets Liked The Certainty Risk assets jumped as lawmakers moved to end the standoff. Reports have disclosed Bitcoin climbed back toward the $105,000 area after the breakthrough, while broader crypto tokens also showed gains as traders priced in the reduction of fiscal uncertainty. Short, sharp moves in the market reflected traders unwinding defensive positions. Crypto Reaction In Numbers Bitcoin rose from lows near $99,300 earlier in the week to above $105,000 on news of progress, a move that some outlets measured as a roughly 6.7% uptick over recent sessions. Ethereum recovered toward about $3,600 as investors rotated back into riskier assets. These moves came alongside rallies in stocks and other risk markets. Based on reports from market commentators, the end of the shutdown reduced one layer of macro uncertainty. That made it easier for large funds and ETFs to move money without the risk of sudden policy disruption. Some short-term flows into crypto appear tied to renewed confidence that key infrastructure — like air travel and federal programs — will run normally again. Political Fallout And Next Steps Lawmakers from both parties have already signaled new fights ahead, with pressure to address policy items that were left out of the funding package. The White House framed the outcome as a win for governance, while critics said parts of the deal leave important programs and protections unresolved. Related Reading: XRP Has Held Its Ground As Most Altcoins Fall, Market Observers Say Market Watchers Offer Caution While the immediate market reaction was positive, several analysts warned that gains tied to the shutdown’s end could be temporary. Volatility may return if political gridlock reemerges or if technical resistance levels hold for major tokens. The buying seen on the reopening was broad, but not unanimous, and many traders are watching whether flows remain steady into year-end. Featured image from ABC News, chart from TradingView
Following the recent comeback of privacy-focused cryptocurrencies, Cypherpunk Technologies has launched a $50 million Zcash (ZEC) treasury strategy backed by Winklevoss Capital. Related Reading: SUI Eyes Key Retest As Price Breaks Out Of Downtrend – Rally To $3 Ahead? Cypherpunk Technologies Launches Zcash DAT On Wednesday, Leap Therapeutics announced the official launch of its Zcash Digital Asset Treasury (DAT) strategy and rebrand to Cypherpunk Technologies. The biotech company previously revealed that it had closed a $58.88 million private placement in October, led by Winklevoss Capital, as part of its plan to expand to the digital assets sector. The company currently holds 1.25% of the current ZEC supply after acquiring 203,775 ZEC at an aggregate purchase price of approximately $50 million, or $245.37 per token. Cypherpunk Technologies will reportedly continue to accumulate Zcash to own at least 5% of the total ZEC supply. The Company believes that privacy-protecting assets and related technologies will be critical in an increasingly digital world. The Company intends to acquire and hold ZEC, the native coin of Zcash, as its primary digital asset and to be an active participant in the Zcash community. Douglas E. Onsi, President and CEO of Cypherpunk Technologies, asserted that “This past month has been transformative for the Company, marked by closing a $58.88 million private placement led by Winklevoss Capital and successfully deploying $50 million to build a digital asset treasury designed to create long-term shareholder value focused on active participation in the development of Zcash and acquiring ZEC.” Per the announcement, the company will begin trading on Nasdaq under the new CYPH ticker on Thursday, November 13. Meanwhile, its ongoing cancer research and development operations will continue under a subsidiary that will take the Leap Therapeutics name. Winklevoss Twins Back ‘Encrypted Bitcoin’ In an X post, Gemini’s co-founder, Tyler Winklevoss, explained the reasons behind Winklevoss Capital’s investment in Cypherpunk Technologies, emphasizing the importance of supporting privacy and self-sovereignty in the online era. “Privacy is the precondition for many of our freedoms. It’s the point at which government and corporate reach end and our individual freedoms and self-sovereignty begin. As our lives have moved online, privacy’s become a rare, vanishing commodity,” the post reads. Winklevoss highlighted Zcash’s “highly symbiotic relationship” with Bitcoin since its launch nine years ago, affirming that, “If bitcoin is digital gold, Zcash is encrypted bitcoin, or digital cash.” One is your store of value, the other is how you privately move your value. We’ve been tracking this symbiosis for years and believe that now — as we enter the age of AI — is the right time to begin accumulating ZEC. Gemini’s co-founder also argued that Zcash could capture “a meaningful percentage” of BTC’s market capitalization, which he has predicted will surge to $1 million per BTC over the next 5-10years. Therefore, he believes that “Zcash will appreciate significantly from here as well.” Related Reading: Ethereum (ETH) Reclaims $3,500 Amid Market Rebound, Analysts Forecast December Take-Off It’s worth noting that Zcash has recorded a parabolic rally since September, surging 1,775% to its all-time high (ATH) of $750 last Friday. Since then, the cryptocurrency has followed the market’s correction, dropping over 40% to the $420 area before recovering. As of this writing, Zcash is trading at $507, a 15% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Cypherpunk Technologies ($LPTX) has revealed it purchased 203,775 Zcash ($ZEC) for a total of $50 million. The investment has since more than doubled in value, leaving the company with an unrealized gain of $54 million. The move highlights growing institutional interest in privacy-focused cryptocurrencies like Zcash, as firms seek diversified exposure beyond Bitcoin and Ethereum.
Hyperliquid reportedly took a bad debt of $4.9 million due to alleged POPCAT manipulation.
Binance has secured the 1 ranking in both spot and derivatives trading with an AA rating, according to CoinDesk’s 2025 Exchange Benchmark — the only platform scoring above 90 in both categories. The report highlights growing maturity in the crypto sector, with more exchanges now regulated, audited, and publishing proof-of-reserves. As the industry increasingly resembles …
After more than six weeks of political drama, U.S. President Donald Trump has finally signed a bill to reopen the government, bringing an end to the longest shutdown in American history. The move came after Congress voted in favor of the funding bill, with the House passing it 222–209 and the Senate approving it 60–40 …
The wait is finally over for XRP fans, as the Spot XRP ETF approval week has arrived. In just 12 days, seven Spot XRP ETFs are set to go live across major U.S. exchanges, including Nasdaq, NYSE, and CBOE. The lineup is so extensive that analysts believe it could propel XRP toward a new all-time …
Story Highlights The PENDLE price today is Pendle Coin’s price could hit a maximum of $7.65 in 2025. Pendle coin price with a potential uptrend may peak at a maximum of $80.21 by 2030. Pendle is a DeFi protocol that allows the tokenization and trading of future yield, giving its users more flexibility in managing …
The Ethereum Foundation announced on X that its Account Abstraction team, along with Vitalik Buterin, has released a “Trustlessness Manifesto.” The document reaffirms Ethereum’s mission to enable coordination without trusted intermediaries, focusing on credible neutrality, self-custody, and verifiability rather than mere financial efficiency. The manifesto is permanently stored on-chain in an ownerless, adminless contract. Its …
The memecoin Mog Coin saw a slight lift in its price on Wednesday after Canary Capital filed to launch an ETF tracking the token.
According to Bloomberg, Japan Exchange Group (JPX) is considering stricter rules to curb “coin-hoarding” listed companies, known as Digital Asset Traders (DATs), after heavy retail investor losses. JPX may tighten backdoor-listing enforcement, mandate re-audits, and restrict financing for firms prioritizing crypto accumulation. The exchange has already asked three prospective DATs to pause listing plans. Japan …
Bitcoin is trading steadily around the $100,000 mark, showing little movement over the past few days. The market feels slow and quiet, but this calm could be setting the stage for the next big move. One market analyst said that Bitcoin’s price has now moved independently of the M2 money supply. This disconnect could last …
In recent statements made by Chair Paul Atkins, the US Securities and Exchange Commission (SEC) announced a strategic plan targeted at giving much-needed clarity on the classification of crypto assets. Howey Test And Token Taxonomy In Crypto Atkins highlighted the forthcoming consideration of establishing a “token taxonomy” within the Commission, a structured framework rooted in legal rationale to discern between securities and commodities. He emphasized the importance of adhering to “limiting principles” in laws and regulations to ensure a cohesive approach towards crypto asset classification. Related Reading: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point Atkins commended the efforts of Commissioner Hester Peirce, particularly her work in providing a transparent and economically grounded treatment of crypto assets under federal securities laws. The Chair emphasized three key themes in his address: the significance of a clear token taxonomy, the application of the Howey test in recognizing the temporary nature of investment contracts, and the practical implications for innovators, intermediaries, and investors in the evolving crypto landscape. Addressing the prevalent issue of distinguishing between securities and non-securities in the crypto space, Atkins noted that while most tokens are not inherently securities, certain tokens may have been sold within the context of an investment contract during a securities offering. However, he refuted the notion that every token involved in an investment contract perpetually retains its security status, emphasizing the importance of contextual analysis and recognizing the dynamic nature of investment contracts. Atkins Pledges Support For Evolving Digital Asset Laws In his remarks, Atkins also underscored the challenges faced by developers, exchanges, custodians, and investors in navigating the crypto ecosystem, where tokens serve various functions beyond traditional securities. He criticized the previous administration’s “blanket treatment” of all tokens as securities, highlighting the need for a more nuanced and practical approach to regulation to prevent stifling innovation and driving it offshore. Related Reading: China’s Cybersecurity Agency Alleges US Government Stole $13 Billion In Bitcoin In alignment with ongoing legislative efforts, Atkins reassured that the SEC aims to complement, rather than replace, existing crypto legislative initiatives. He emphasized the agency’s commitment to robust fraud enforcement and the development of clearer regulatory guidelines to ensure the safety of US investors. In closing, Atkins emphasized the importance of forward-looking regulatory practices, rejecting a stagnant approach rooted in fear of change. He reiterated the SEC’s commitment to delineating clear boundaries and providing transparent guidance. The statement concluded: That is what Project Crypto is about. That is what the Commission should be about. And that is the commitment I make to you today as Chairman: we will not let fear of the future trap us in the past. Featured image from DALL-E, chart from TradingView.com
After a record 43-day shutdown, the US government is officially back in operation. The House passed the funding bill to end what Republicans called the “Democrat Shutdown,” and President Donald Trump signed it into law at 9:45 PM ET. “It’s an honor to sign this incredible bill and get our country back to work,” Trump …
November 13, 2025 06:13:41 UTC Pi Network Nears Mainnet Upgrade as Protocol v23 Testnet Shows Strong Performance The Pi Blockchain Testnet upgrade to Protocol Version 23 is progressing smoothly, showing a consistently low failure rate even under high transaction volumes. This stability signals that the next stage — Testnet2’s upgrade to Version 23 — is …
South Korea’s NH NongHyup Bank has launched a proof-of-concept (PoC) project to test stablecoin-driven value-added tax (VAT) refunds for tourists visiting the country. This initiative is part of the bank’s broader mission to modernize South Korea’s financial and tourism systems using blockchain technology. Collaborative Digital Pilot with Leading Tech Partners The PoC is conducted in …
The operator is exploring stricter enforcement of listing rules and audits to protect investors.
Token rallies through key resistance with 31% volume surge as Nasdaq certifies first U.S. spot XRP ETF
The sharp move unfolded within a $0.0121 range as price action confirmed a textbook lower-high, lower-low formation.
Dogecoin corrected some gains and traded below $0.1780 against the US Dollar. DOGE is now holding the $0.1680 support and might aim for a fresh increase. DOGE price started a fresh downside correction below $0.1780. The price is trading below the $0.1760 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1760 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.1680. Dogecoin Price Eyes Another Increase Dogecoin price started a downside correction after it failed to clear $0.1880, like Bitcoin and Ethereum. DOGE declined below $0.1820 and $0.180 levels. There was a move below the 50% Fib retracement level of the upward move from the $0.1568 swing low to the $0.1858 high. However, the bulls remained active near the $0.1680 support. The price is again rising above $0.1720. Dogecoin price is now trading below the $0.1780 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1760 level. There is also a bearish trend line forming with resistance at $0.1760 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.1820 level. The next major resistance is near the $0.1880 level. A close above the $0.1880 resistance might send the price toward $0.1920. Any more gains might send the price toward $0.20. The next major stop for the bulls might be $0.2120. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1820 level, it could continue to move down. Initial support on the downside is near the $0.170 level. The next major support is near the $0.1680 level and the 61.8% Fib retracement level of the upward move from the $0.1568 swing low to the $0.1858 high. The main support sits at $0.1640. If there is a downside break below the $0.1640 support, the price could decline further. In the stated case, the price might slide toward the $0.1550 level or even $0.1520 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1700 and $0.1680. Major Resistance Levels – $0.1760 and $0.1820.
According to market reports, crypto analyst Crypto Patel has put forward bold targets for Dogecoin, saying the memecoin could reach $2 and $5 this cycle. Related Reading: XRP Has Held Its Ground As Most Altcoins Fall, Market Observers Say At the time of his post, DOGE was trading around $0.17, making those estimates equal to roughly 1,076% and over 2,800% gains from that level. The call has drawn attention because it ties price hopes to repeating chart behavior rather than fresh fundamentals. Chart Patterns And Historical Runs According to the analyst’s charts, DOGE has formed a long-running descending triangle since its $0.75 peak in 2021. Traders are being shown a breakout followed by a retest pattern. Reports point to similar setups in past rallies: in 2017 DOGE moved from about $0.00022 to $0.019 — roughly 9,800% — and in 2021 it climbed from about $0.0025 to $0.75, a surge of over 32,000%. Those runs are the basis for the “fractal confluence” argument that history could repeat. DOGECOIN READY FOR ITS NEXT HISTORIC MEGA RUN ???? Breakout ✅ Retest ✅ Structure locked and loaded for a parabolic explosion! The same pattern that sent $DOGE flying in 2017, 2021 is repeating again on the monthly timeframe and this time, the move looks even more powerful.… pic.twitter.com/yZIFHthnm5 — Crypto Patel (@CryptoPatel) November 11, 2025 A Recent Breakout, Retest Highlighted As Trigger Based on reports, DOGE cleared the triangle in December 2024 during a US President Donald Trump-led crypto market boom, pushing above $0.48. The coin then came back to test the former trendline, which some traders call a normal step after a breakout. Other analysts have flagged similarities between today’s action and the token’s early bull runs, and some see that as confirmation for more upside. Short-Term Indicators Looking Up Technical numbers show a nearer-term forecast of a rise of 13.51% to $0.2002 by December 12, 2025. Current readings described by data providers list sentiment as Bearish and the Fear & Greed Index at 20 (Fear). Over the last 30 days DOGE had 13/30 (43%) green days and about 6.71% price volatility. Those numbers suggest that, for now, traders remain cautious even as longer-term charts are cited as bullish. Bitwise DOGE ETF Reports note that Bitwise moved forward with a DOGE ETF filing under Section 8(a) using CF Benchmarks’ settlement price, an action that could draw institutional interest if it progresses. Related Reading: XRP’s Next ‘Face-Melting’ Rally Could Hit Within 6 Weeks—Analyst Meanwhile, on-chain snapshots indicate that large holders are trimming supply, while retail activity has ticked up and some momentum indicators have turned higher. According to Bitwise, its fund would use the CF DOGE-Dollar Settlement Price from CF Benchmarks to calculate net asset value, which provides transparent, rules-based pricing across venues. If approved, this structure could make DOGE more accessible to institutions needing a regulated vehicle, potentially boosting order book depth and easing inflows or outflows. This increased access, combined with clearer pricing, could explain the recent movements in the market value of DOGE. Featured image from Gemini, chart from TradingView
The average cost of Bitcoin during Q3 last year was $61,000, in contrast to $114,500, according to BitFuFu, which led more miners to buy up machines and use cloud mining to get some for themselves.