Portnoy's crypto investments highlight growing mainstream interest and potential volatility in digital assets, influencing market dynamics.
The post ‘Smart trade’ — Eric Trump reacts after Dave Portnoy discloses XRP, BTC, and ETH purchases appeared first on Crypto Briefing.
Yesterday’s outage showed how dependent the modern web is on a handful of core infrastructure providers. In fact, it’s so dependent that a single configuration error made large parts of the internet totally unreachable for several hours. Many of us work in crypto because we understand the dangers of centralization in finance, but the events […]
The post How one computer file accidentally took down 20% of the internet yesterday – in plain English appeared first on CryptoSlate.
Bitcoin’s current correction is the largest of the bull market, but data indicate that the price is approaching prime capitulation territory.
The Senate Banking Committee voted along party lines to send FDIC Acting Chair Travis Hill's nomination to the wider Senate for a final vote on taking the permanent job.
CryptoQuant CEO Ki Young Ju has put a clear reference level on the current Bitcoin correction – but is adamant it should not be mistaken for a prediction. “Many people seem to be misunderstanding this, so let me clarify,” he wrote. “I am not saying $56K is the bottom. I am saying the realized price is 56K. If you follow the cycle theory, that level would be the bottom. But I think the cycle theory is broken, and the price could flip at any time depending on macro conditions and market sentiment.” Bitcoin Realized Price Sits at $56,000 His latest data briefing breaks the market into three layers: futures, spot, and on-chain. In the futures market, Ju says the average order size shows that futures whales have left and retail now dominates. Internal flow profile (IFP) data indicates BTC inflows from spot to futures exchanges have collapsed, ending the phase when large players were posting BTC as collateral to go long. Related Reading: Why Is Bitcoin Price Crashing? Arthur Hayes Isn’t Surprised At the same time, the Estimated Leverage Ratio remains high, and Binance deposit cost basis sits around $57,000, which “means traders already captured large gains from ETF and institutional flows.” Open interest is still above last year’s levels, while the aggregated funding rate is neutral, not fearful, suggesting leverage remains elevated but without a classic capitulation reset. Spot data points to fading institutional aggression. Ju notes the Coinbase Premium is at a nine-month low, which he attributes to ETF-driven institutional selling. Spot Bitcoin ETFs have seen net negative weekly flows for three straight weeks, and Strategy mNAV at 1.23 implies that “near-term capital raising seems difficult,” as many structured strategies are already sitting on substantial gains. On-chain metrics provide the context for the much-discussed $56,000 level. Ju observes that realized cap growth has stalled for three days, while market cap is growing more slowly than realized cap, a configuration he interprets as strong selling pressure as profitable coins move. CryptoQuant’s PnL Index flipped short on November 8, which Ju summarizes as whales taking profit. “If the cycle theory holds, the cycle bottom would be around $56K (realized price),” he says – and immediately distances himself from treating that as a hard rule in a structurally changing market. CryptoQuant CEO Rejects Classic Cycle Bottom Theory In a separate prediction segment, Ju turns to macro conditions. “Short-term conditions are weak: dollar liquidity is slow, funding markets are tight, and Bitcoin inflows have cooled,” he writes. However, he adds, “I do not expect Bitcoin inflows to stop or turn into sustained outflows over the next six months.” Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? In his view, a shift in the policy narrative could rapidly invert sentiment: “If rate cuts or any easy-money narrative appears, sentiment could flip and liquidity would rush back into ETFs.” Ju also sketches a longer-term structural thesis. He argues that stablecoin adoption and a wave of reverse ICOs by public companies could push traditional assets onto DEXs, enabling on-chain long and short trading in names like Tesla. In that world, on-chain analysis could evolve into labeling wallets like “Elon Musk’s ETH address to track Tesla coin onchain inflows and outflows.” He believes Bitcoin would benefit the most, while altcoins with weak narratives or no real performance would likely lose liquidity as capital concentrates in assets with clear utility or narrative strength. “I gave up predicting Bitcoin price,” Ju reminds followers, “but I haven’t given up analyzing data.” His $56,000 reference is best understood in that spirit: a data-driven anchor derived from realized price and cycle theory, not a promise that this drawdown will end neatly at that line. At press time, BTC traded at $91,659. Featured image created with DALL.E, chart from TradingView.com
Kraken has confidentially filed a draft S-1 with the SEC, setting up a potential U.S. IPO after its new $20 billion valuation.
President Donald Trump's pick to lead the FDIC is headed to a full Senate vote after lawmakers voted to push through the nomination.
Also: Aerodrome Overhaul, Cloudflare Outage and dYdX Buyback Increase Approved.
2026 will likely be a busy year for crypto exchange-traded funds, which could help renew investor interest in digital asset markets.
The ECB is concerned that US dollar stablecoins could weaken its ability to affect policy, and European issuers have ideas about how this could be solved.
The confidential filing with the SEC for a US initial public offering came less than a week after Grayscale Investments announced a similar move.
Ever since the Bitcoin price broke below $100K, the crypto markets appear to have stumbled a little. With the top gainers like Starknet & MYX Finance having kept the hopes of an altcoin rally, Cronos price is attempting hard to enter the list. The price is stuck within a steep descending trend, and hence, it …
The Bitcoin market is undergoing a significant transition, with traders aggressively positioning for a year-end close beneath the $90,000 threshold. This comes as the flagship digital asset briefly slid to a seven-month low of $89,970 on Nov. 18 before recovering to $91,526 as of press time. As a result, crypto traders’ sentiment has significantly shifted […]
The post Traders put 50/50 odds on Bitcoin ending 2025 below $90k amid $3B ETF outflows appeared first on CryptoSlate.
The digital-asset treasury firm is sitting on a over 100% paper gains following Zcash's recent rally.
Exchange-traded fund investing firm 21Shares is next up to the plate in launching its ETF tracking Solana.
Taxes are going to be more of a headache for those using offshore exchanges if this proposal passes. But does the move make sense?
Kraken's IPO move could signal increased mainstream acceptance and regulatory scrutiny of the cryptocurrency industry in the US.
The post Kraken confidentially files for US IPO appeared first on Crypto Briefing.
The first-ever spot XRP ETF just had a huge first week on Nasdaq. In only four days, it pulled in a massive $128 million in trading volume. Canary Capital’s XRPC ETF showed that interest in a regulated way to invest in XRP is stronger than expected. But the fast start came with a twist. Even …
Bitcoin ATMs have started appearing in some of Nairobi’s busiest malls, just days after Kenya’s new law on virtual assets came into effect. According to a local media outlet, Capital News, the bright orange “Bankless Bitcoin” machines can be seen in popular spots like Two Rivers Mall in Gigiri, Westlands, and along Ngong Road. They …
The UAE's significant Bitcoin holdings could enhance its influence in global cryptocurrency markets and impact international financial dynamics.
The post UAE controls 6,450 Bitcoin from state-backed mining appeared first on Crypto Briefing.
Staking guidance, broader listing standards and new index tools show how crypto ETFs are becoming core holdings.
The TEL price has delivered an impressive 160% November surge, rising from $0.0026 to $0.006 as Telcoin breaks a multi-month falling wedge pattern. Although volatility persists, the long-term structure on the weekly chart and renewed on-chain confidence have drawn renewed attention to TEL crypto, especially with increasing ecosystem developments. TEL Price Breaks Out After 160% …
Bitcoin fell sharply over the past week, sliding almost 15% and moving beneath the $100,000 and $95,000 marks to trade around $90,300, Wednesday. Related Reading: Crypto Carnage Continues — Tom Lee Exposes What’s Really Going On According to company disclosures, Michael Saylor’s Strategy bought an extra 8,178 BTC for $835.6 million at about $102,171 apiece during the downturn. That move has drawn fresh attention because some of those newest coins are already underwater. Strategy’s Holdings And Recent Buys Reports have disclosed that Strategy now holds 649,870 BTC, equal to roughly 3.2% of the circulating supply. The firm says it paid about $48 billion for those coins. At current prices, the holding’s market value sits near $59.38 billion, leaving an overall paper gain of 22% or about $11 billion. Strategy has acquired 8,178 BTC for ~$835.6 million at ~$102,171 per bitcoin and has achieved BTC Yield of 27.8% YTD 2025. As of 11/16/2025, we hodl 649,870 $BTC acquired for ~$48.37 billion at ~$74,433 per bitcoin. $MSTR $STRC $STRD $STRE $STRF $STRK https://t.co/HI1TeYOvQ9 — Michael Saylor (@saylor) November 17, 2025 Yet CryptoQuant’s breakdown finds that roughly 40% of Strategy’s stash is now showing unrealized losses, a result of the company’s recent buying activity pushing newer lots above today’s market price. The newest 8,178 BTC purchase is already down around 10.5%, costing the company roughly $88 million on paper in a matter of days. Reports also show Strategy made three separate buys earlier this month: smaller blocks recorded on the third and the 10th of November, bringing November’s total to 9,062 BTC for $931.1 million. At current market levels those November tokens are worth about $827 million, a drop of just over 11% since the buys. Saylor’s Portfolio Turns Red? He announced the purchase of 8,178 BTC at an average price of $102,171, about 10% above current market levels. This recent bitcoin move puts ~40% of Strategy’s 649,870 BTC holdings in the red, with only 60% still in profit. pic.twitter.com/hii0BmV95P — CryptoQuant.com (@cryptoquant_com) November 18, 2025 Short-Term Losses Amid Long-Term Gains While parts of the position sit in the red, Strategy’s longer-term position remains positive. The company’s overall profit ratio of 22% is well above the deep losses it faced from mid-2022 into early 2023, when as much as 75% of its holdings were showing losses and the portfolio was down about 33%, equal to roughly $1.32 billion in paper losses then. Early last month Strategy had a peak profit ratio near 68% with gains calculated at about $32 billion, showing how swings can be large on both sides. According to filings, Saylor treats dips as chances to add coins, and this latest buying fits that pattern. Not every market participant agrees. A Fraud? Peter Schiff, a well-known gold investor, criticized Strategy’s rising average cost, which he says—at about $74,433 per BTC—has been moving closer to the market value and could limit upside if prices fail to rebound. Schiff said on Sunday that Strategy Inc.’s focus only on Bitcoin is “a fraud.” He also challenged Michael Saylor to a live debate at Binance Blockchain Week in Dubai this December. Schiff argued that the company’s recent gains mainly come from the rising Bitcoin price. He warned that if people lose confidence in Bitcoin, the company’s finances could be in trouble. Related Reading: Bitcoin’s Drop Under $90K Sparks Bold Claims From Crypto Execs: ‘This Is A Generational Opportunity’ What This Means For Investors For outside observers, the takeaway is straightforward: even the biggest holders can have portions of their inventory in loss when markets fall. Strategy’s newer purchases have reduced the firm’s tidy headline returns, but they did not wipe out the overall gain. Reports suggest the company is still sitting on a sizable paper profit. Short-term results for those November buys look poor. Long-term results will depend on future price moves. Featured image from Gemini, chart from TradingView
Kohaku brings practical privacy to Ethereum wallets with safer recovery, private modes and shared standards designed for real-world use.
What to Know: Circle’s xReserve lets blockchains issue $USDC-backed stablecoins that interoperate natively with $USDC, cutting reliance on external cross-chain bridges. $USDC’s market cap has surged to around $74B in 2025, reinforcing dollar-backed stablecoins as core settlement assets for on-chain finance. Best Wallet Token ($BEST) reached $17.1M in presale with a token price of $0.025965, as the token rewards investors with governance rights, reduced transaction fees, and access to trusted presales. Best Wallet pairs a non-custodial, multi-chain, mobile-first wallet with presale access, an in-app DEX aggregator, and upcoming debit card and analytics tools. Circle just flipped the switch on xReserve, a new interoperability layer that lets blockchains mint their own $USDC-backed stablecoins and plug directly into $USDC’s liquidity. Instead of juggling wrapped assets and sketchy third-party bridges, chains can now treat $USDC as native collateral and move value using Circle’s own attestation and messaging stack. This lands at a time when $USDC is already on a tear. Recent figures show its market cap has climbed to around $74B in 2025, up more than 70% since January, as institutions rotate toward transparent, regulated stablecoins. The catch is that users don’t interact with ‘interoperability infrastructure’. They interact with wallets. Every extra chain supported by $USDC, every $USDC-backed local stablecoin, and every new bridge-free flow of dollars is only as useful as the wallet that can surface it cleanly. That’s why wallet-native tokens are suddenly back in focus. Best Wallet Token ($BEST) sits right in that slipstream. The $17.1M presale powers Best Wallet as a non-custodial, multi-chain wallet built around Fireblocks MPC security, mobile-first UX, and deep presale and DeFi integrations. With Circle making USDC the de facto reserve asset across more blockchains, traders are hunting for wallets that can actually help them navigate that growing web, and Best Wallet hits the sweet spot. Buy your $BEST today while the presale is still up. Best Wallet Turns Multi-Chain Chaos Into A Single App Best Wallet is non-custodial, no-KYC, and designed mobile-first, so you can manage thousands of assets across more than 6 major chains in one interface. Under the hood, Best Wallet uses Fireblocks MPC-CMP to secure keys while still supporting custom multi-wallet portfolios and a smoother presale flow via its ‘Upcoming Tokens’ portal. That’s a direct answer to one of the biggest frictions in the market: onboarding new users into top crypto presales and DeFi without dumping them into a maze of browser extensions, bridges, and smart contract approvals. Utility doesn’t stop at basic storage either. Best DEX, the in-wallet DEX aggregator, pulls liquidity from 330 DEXs across multiple chains, including Ethereum, Solana, and BNB Chain, and up to 30 cross-chain bridges. This gives you the best-rate swaps and cross-chain moves without manually hopping between platforms. Put differently: Circle is solving cross-chain dollars at the protocol layer, while $BEST is trying to solve cross-chain experience at the wallet layer. If xReserve succeeds in turning $USDC into universal collateral, the wallets that surface that liquidity cleanly stand to benefit most. If you like being early to that narrative, digging into Best Wallet Token makes sense. Secure your $BEST today, before the presale ends. $BEST Presale Ends in 9 Days, Raises $17M The market is already voting. The Best Wallet Token ($BEST) presale has raised over $17.19M so far, with the token currently priced at $0.025965. That’s a roughly 15% move up from the initial presale price near $0.0225, but still firmly in ‘under a nickel’ territory for anyone averaging in. Holders can lock $BEST immediately from the presale widget, with headline yields around 76% APY at the time of writing, funded from a dedicated 8% slice of the 10B token supply reserved for staking rewards. Based on the presale’s performance and Best Wallet’s utility, our price prediction for $BEST puts it at $0.05106175 in 2026. By 2030, the token could reach $0.07 or higher, once the ecosystem takes shape. From today’s presale level, that would equate to roughly 96.6% and 169.5% upside, respectively, on paper. Circle’s xReserve, $USDC’s climb to ~$74B circulation, and the tightening regulatory net around opaque stablecoins all point in the same direction: more volume through compliant dollars, routed by smart wallets. If Best Wallet can stay ahead on UX and chain coverage while $BEST keeps powering fee discounts, staking, governance, and early presale access, the token has a clear role in that flow. You can read our guide on how to buy $BEST today if you want to join the presale before it ends. Go to the official presale page and buy your $BEST now. This isn’t financial advice. DYOR and manage risks wisely before investing. Authored by Aaron Walker, NewsBTC: https://www.newsbtc.com/news/circle-usdc-xreserve-expands-access-best-wallet-token-presale
Bitcoin Cash (BCH) fell 7% and Ripple (XRP) dropped 4.7%, leading the index lower.
HSBC is the latest megabank to double down on tokenized deposits versus stablecoins by preparing for new launches in the US and the UAE next year.
The anticipated rise in index-based crypto ETFs could significantly enhance market accessibility and diversification for investors.
The post Bitwise CIO predicts surge in crypto ETFs with index-based focus appeared first on Crypto Briefing.
A major shift may be coming to the crypto investment world and Bitwise CIO Matt Hougan believes it’s about to hit fast. With the U.S. government now reopened and key legislation moving again, Hougan says the industry should brace for what he calls an “ETF Palooza in Cryptoland.” And this prediction lands at a tense …
US-traded spot Bitcoin ETFs hemorrhaged $2.57 billion in net outflows through Nov. 17, the funds’ worst monthly drawdown since their January 2024 launch. In the same month, Bitcoin dropped 14.7% and briefly touched $89,253.78 on Nov. 17, its lowest level since April, before recovering to $93,426.16, up 1.3% in 24 hours. The outflow wave crested […]
The post Record $2.5 billion flees Bitcoin ETFs as BlackRock’s IBIT sheds $1.6 billion appeared first on CryptoSlate.