Market Signal Briefing

BitMine Immersion Technologies stepped up the pace of its Ethereum accumulation this past week after a slowdown in November, reporting total crypto, cash, and so-called "moonshot" assets of $13.2 billion in a new 8-K filing.

As of Dec. 7, the firm held 3,864,951 ETH, along with 193 bitcoins, $1 billion in cash, and a $36 million "moonshot" stake in Eightco Holding. Eightco is a Nasdaq-listed digital asset treasury company focused on accumulating Worldcoin's WLD token, following its launch of a $250 million WLD treasury program in September.

The filing shows BitMine purchased 138,452 ETH in the past week, worth roughly $430 million at today's prices. It's a notable pickup from the roughly 80,000-ETH weekly pace it recorded throughout November.

The latest disclosure brings BitMine’s treasury above 3.2% of the total ETH supply as it continues toward its stated target of accumulating 5%.

Chairman Tom Lee said in the latest filing that the stepped-up buying reflects the company’s view that crypto markets have stabilized since the Oct. 10 liquidation event. He pointed to macro shifts and Ethereum’s recent Fusaka upgrade as reasons BitMine expects stronger demand into early 2026.

"We’re now more than eight weeks past the liquidation shock — long enough for crypto to trade on forward fundamentals again," Lee said.

In an accompanying filing that included the transcript from a Dec. 4 keynote at Binance Blockchain Week in Dubai, Lee argued that a growing institutional push into tokenization could be a defining driver of demand next year.

"Wall Street wants to tokenize all financial products," he said, adding that the scale of assets targeted for blockchain rails "is almost a quadrillion dollars.” He described stablecoins as “Ethereum’s ChatGPT moment," arguing that institutions began recognizing how much more could be built once they realized the dollar could be tokenized.

The firm also said its stock has averaged $1.8 billion in daily dollar volume over the past week, placing it among the most-traded U.S. equities by liquidity, according to Fundstrat.

Shares of BMNR are trading at $34.50 Monday morning, up 1.5% on the day but down over 16% a month ago, according to The Block's price page.

BitMine Immersion Technologies, Inc. (BMNR) stock price chart. Source: The Block/TradingView

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The platform aims to make locked Solana staking positions tradable via an onchain marketplace. Dec 8, 2025, 3:00 p.m.

Pye Finance has raised a $5 million seed round led by Variant and Coinbase Ventures, the company said in a press release Monday.

The round also included participation from Solana Labs, Nascent, Gemini and others, the company said.

STORY CONTINUES BELOW

The startup is building an on-chain marketplace on Solana for time-locked staking positions, an effort to make locked stake transferable and easier to structure into fixed-term products.

Pye’s pitch is aimed at a large base of staked SOL on Solana, more than 414 million tokens, worth about $75 billion at current prices, that sit in basic staking accounts. These positions typically can’t be customized or traded once locked, limiting how validators compete for stake and how stakers manage liquidity, the firm said.

The company said it is developing an upgrade that would allow validators to set parameters such as lockups and reward flows, and to tokenize a locked staking position into two assets: a principal token redeemable for the underlying SOL at the end of the term, and a rewards token that represents staking rewards payable at maturity.

Pye says this structure could allow stakers to sell exposure to future rewards or use positions in other decentralized finance (DeFi) strategies while remaining staked.

“Validators have become the underbanked layer of Web3,” said Erik Ashdown, co-founder of Pye, in the release. “We’re building the financial infrastructure that lets them operate like asset managers — offering structured products, predictable returns, and better transparency for stakers.”

Pye was founded by Erik Ashdown and Alberto Cevallos.

The company said it ran a closed alpha earlier this year and plans to launch a private beta in the first quarter of 2026.

Read more: Jane Street Leads $105M Funding for Antithesis, a Testing Tool Used by Ethereum Network

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Protocol Research: GoPlus Security

Nov 14, 2025

What to know:

As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report

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Tom Lee's BitMine Immersion Ramps Up Ether Acquisition, Adding $435M of ETH to Treasury

1 hour ago

This was the firm's largest weekly haul in more than a month; the company also increased its cash holdings to $1 billion.

What to know:

BitMine Immersion Technologies, the largest Ethereum treasury firm, bought 138,452 tokens last week, increasing its total holdings to 3.86 million ETH.The firm's latest purchase is valued at approximately $435 million, marking its largest weekly acquisition in at least a month.Chairman Thomas Lee cited Ethereum's Fusaka upgrade and macroeconomic factors as reasons for the firm's increasing the pace of its accumulation strategy.Read full story

Tether-backed mobile payments app Oobit is partnering with Bakkt to launch in the United States on Monday.

The tap-to-pay solution integrates with non-custodial wallets like Base, Binance, MetaMusk, Phantom, and Trust Wallet, enabling users to make purchases from their iOS and Android devices. Merchants receive instant fiat payouts through existing Visa rails.

"Oobit's launch in the United States marks its most significant global expansion milestone to date and introduces a payment experience Americans have never had until now: real crypto payments from the wallets they already use," the firm wrote in an announcement. 

The move comes months after U.S. legislators passed the GENIUS Act, providing guidelines for stablecoin businesses in the U.S., following encouragement from President Donald Trump. Bo Hines, who served as executive director of Trump’s Council of Advisers on Digital Assets, was named CEO of Tether's U.S. unit, working to roll out a GENIUS-compliant USAT stablecoin.

Founded in 2017, Oobit raised a $25 million Series A led by stablecoin giant Tether, Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital in 2024. The project migrated its rebranded OOB token to Solana from Ethereum last month.

Bakkt (ticker BKKT) will lay the "regulated foundation" for Oobit's most recent expansion, providing licenses and compliance infrastructure across the U.S., according to the release. As part of its "B2B2C model," Bakkt acquired money transmitter licenses enabling it to facilitate crypto trading, transfers, and settlement in all 50 U.S. states and operates as a turnkey provider for institutions.

Oobit was part of Tether’s plan to maintain a market presence in the European Union following the rollout of the MiCA regulatory guidelines. Earlier this year, Oobit integrated stablecoins issued by StablR, another Tether-backed project leveraging Tether's Hadron tokenization platform.

In November, Malaysia-based technology consulting services firm VCI Global (VCIG) announced a $100 million investment in OOB tokens and plans to manage Oobit's digital treasury, in an arrangement that would make Tether a major stakeholder in VCI, it said at the time.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The crypto market faces a pivotal week between December 8 and 13, 2025, as six major events converge to impact prices and sentiment. With multiple critical events condensed into a few days, the interplay of macroeconomic policy, technology milestones, legal proceedings, and regulatory action creates a unique dynamic.

Together, these forces are likely to influence altcoin valuations and shape investor confidence across the sector.

FOMC Interest Rate Decision Sets the Tone for BitcoinThe Federal Open Market Committee (FOMC) will reveal its interest rate decision on Wednesday, December 10, 2025, at 2:00 p.m. ET. According to the CME FedWatch tool, there is an 87.4% chance of a rate cut, a 12.6% probability of no change, and no expectation of an increase.

Interest Rate Cut Probabilities. Source: CME FedWatch ToolSponsored

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Markets anticipate easier financial conditions, which could boost risk assets like Bitcoin. However, the greatest market movement is expected from Fed Chair Jerome Powell’s 2:30 p.m. ET press conference, which will provide key guidance for future monetary policy.

I’m okay with a little fear before FOMC, even a sweep down toward the $BTC 87k area. If that happens and price snaps back quickly, that’s strength, not weakness.

For me it’s clear levels only: Lose 86k and this idea fails, with risk of a deeper move toward 80k. Reclaim and hold… pic.twitter.com/vins0z3wn8

— Ak47♛ (@HolaItsAk47) December 7, 2025
Solana Breakpoint ConferenceThe flagship Solana Breakpoint Conference begins December 11 at the Etihad Arena, Abu Dhabi. Organizers say this will be the largest Breakpoint yet, running through December 13.

The event overlaps with Abu Dhabi Finance Week and the Formula 1 Grand Prix, placing Solana at the center of financial and technological attention.

Panels will focus on institutional adoption, with sessions on staking infrastructure for Solana ETFs and network security.

Breakout events like MEV Day, Block Zero, and Colosseum Breakpoint Arena will cover blockchain scaling and decentralized applications. Registration prices range from $100 for students to $700 for late-bird admission, keeping the event accessible to a broad audience.

Solana Breakpoint 2025… we’re landing. ✈️🔥

The Super Phoenix Sports team will be there everyday; racing, building, and hanging with the community.

Who else is pulling up? pic.twitter.com/z9MVpsz1Pk

— SUPER PHOENIX SPORTS (@SuperPhoenixSPS) December 8, 2025
Industry leaders and institutional investors will meet to discuss how to generate revenue within the Solana ecosystem.

The conference’s emphasis on strong infrastructure signals Solana’s increasing appeal for traditional finance participants seeking blockchain exposure.

0/ It's Breakpoint week! Me and the entire MCC team will be around. Say hi!

Going into Breakpoint, I wanted to share some thoughts on what I think was the most important development in Solana in the last 12 months.

— Kyle Samani (@KyleSamani) December 7, 2025
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Announcements made during the event could influence the Solana price, which traded for $138.49 as of this writing.

Solana (SOL) Price Performance. Source: BeInCryptoDo Kwon Sentencing and Implications for TerraTerraform Labs founder Do Kwon will be sentenced on December 11, 2025, before Judge Engelmayer in the Southern District of New York.

Kwon pleaded guilty in August 2025 to conspiracy to commit commodities fraud, securities fraud, and wire fraud following the May 2022 collapse of the Terra blockchain, which included LUNA and UST stablecoin.

This collapse wiped out around $40 billion in market value and led to a broad crypto downturn, drawing more scrutiny to algorithmic stablecoins.

Kwon faces a possible maximum of 25 years in prison, though the final sentence will depend on various factors, such as cooperation and victim impact statements.

This sentencing is a key moment for accountability in crypto. It may shape global regulatory attitudes toward stablecoins and algorithmic projects.

Do Kwon's plea for clemency in sentencing gets off to a pitch-perfect start: he takes responsibility for the failure of the system.

But he says nothing about the well-documented active fraud, including fake Chai txs, for which he remains to be tried in Korea.#dokwon #luna pic.twitter.com/8x72YJCZsw

— David Z. Morris (@davidzmorris) December 5, 2025
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Many in the industry see this as a potential precedent for how authorities will pursue future crypto fraud, which may influence confidence in emerging projects.

Nonetheless, developments at the court could sway sentiment for the LUNA price, which is down by almost 20% in the last 24 hours.

Terra (LUNA) Price Performance. Source: CoingeckoAster Accelerates Buyback Program to Support TokenAster will begin an accelerated Stage 4 buyback program on December 8, 2025, purchasing about $4 million in tokens each day for up to 10 days. The aim is to reduce volatility and support token holders through strategic liquidity management.

Aster’s accelerated buyback program details (Source: mehulcrypto)This approach front-loads liquidity to address concerns and shows Aster’s commitment to token economics. By concentrating purchases within a short window, the project aims to create upward price pressure and absorb excess selling.

The program is transparent, with set timelines and daily targets, contrasting with less structured methods used by other projects.

[Important Update] Stage 4 Buyback Accelerated to ~$4M Daily

To maximize support for $ASTER holders, we're increasing Stage 4 buyback execution speed within the existing framework.

Accelerated buyback rate: ~$4M/day (from ~$3M/day)
Effective Date: Dec 8

This acceleration…

— Aster (@Aster_DEX) December 8, 2025
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In token markets, buybacks can reduce supply, signal confidence, and align team incentives with holders. Aster’s aggressive schedule suggests urgency about market conditions or future announcements.

Bittensor’s TAO HalvingBittensor’s first TAO halving will occur between December 12 and 15, 2025, depending on block timing. Daily token emissions drop from about 7,200 TAO to 3,600 TAO, copying Bitcoin’s fixed-supply model.

Since nearly half of the 21 million tokens are already in circulation, this marks a vital milestone for the AI-focused blockchain.

Grayscale Research notes the halving could increase scarcity and fuel price speculation as the network attracts developers building AI applications. The halving mechanism ensures predictable supply and rewards long-term validators.

Avalanche ETF DecisionMeanwhile, December 12 is the next deadline for US regulators to decide on an Avalanche ETF. The SEC has delayed decisions on applications from VanEck and Grayscale since mid-2025.

Approval could unlock institutional access to AVAX, while further delays may strengthen Bitcoin and Ethereum’s lead among regulated crypto products.

BITWISE FILES $AVAX ETF WITH STAKING YIELDS

Bitwise is updating its Avalanche ETF (ticker: $BAVA ) to become the first U.S. crypto fund offering staking yields. Key points:

– Stake up to 70% of $AVAX holdings to generate rewards for investors.
– Lowest-cost fund in the… pic.twitter.com/K3VvbbpvK8

— CryptosRus (@CryptosR_Us) November 30, 2025
The SEC’s response will signal attitudes toward investment products for blockchains beyond Bitcoin and Ethereum. Approval may lead to more ETF filings, while further delays could reinforce the dominance of existing regulated assets.

A volatile first week of December left bitcoin and ether ETFs in net outflows, while solana and XRP funds bucked the trend with steady gains. Fund-by-fund flows revealed sharp divergences across issuers, with several products enduring heavy single-day swings.

BlackRock has officially filed for a staked Ethereum exchange traded fund. The proposed product, named the iShares Staked Ethereum Trust ETF, would hold Ethereum and earn staking rewards through approved validators.

ETF Will Hold ETH and Capture Staking RewardsAccording to the filing, the fund is designed to track the price of Ethereum while also collecting staking yields. The structure excludes leverage, derivatives, and lending. It will operate as a simple, passive investment vehicle. Coinbase Custody will serve as the primary custodian, while Anchorage Digital is listed as an alternative to diversify risk and improve operational security.

The ETF’s shares will trade on Nasdaq under the ticker ETHB once approved. Only authorized participants will be allowed to create or redeem shares in large blocks. The filing also outlines details on custody, staking arrangements, issuance, redemption, and administrative roles.

SEC Review Will Decide Launch TimelineThe ETF will go live only after the United States Securities and Exchange Commission completes its review and declares the registration effective. This filing shows growing institutional demand for Ethereum products, especially those that combine price exposure with staking rewards.

Ethereum Price RalliesEthereum has gained more than 7% in the past 24 hours and is now trading near $3,122. Despite the jump, the price is still stuck in a choppy sideways range with no clear breakout. ETH recently hit resistance around $3,165–$3,550 and pulled back, but support between $2,745–$2,917 is still holding. 

For now, Ethereum remains trapped between these levels, and experts are watching $3,169 as the point that must break for a stronger upside move. Until then, the market is likely to stay quiet and unclear, with no strong trend in either direction.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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BNB Chain, Binance Pay, and Google have launched a joint initiative built on Google Cloud’s infrastructure, Binance Pay’s transaction tools, and BNB Chain’s blockchain network for efficient agentic commerce payments.

According to the partnership’s announcement made through BNB Chain’s LinkedIn feed on Monday, the collaboration will add Binance to a select group of companies working directly with Google Cloud within a framework known as the Agent Payments Protocol. 

As reported by Cryptopolitan, Google introduced the Agent Payments Protocol (AP2) in mid-September as an open and interoperable network that uses AI agents to start and complete payments in compliance with industry standards and regulations. 

AP2 can operate as an extension of the existing Agent2Agent protocol and the Model Context Protocol, where automated systems communicate through different layers of the digital commerce stack.

BNB Chain adds new payment architecture via Google Cloud
According to the organizations involved, the project will include communication between a Model Context Protocol and the Agent Payments Protocol. Binance said it would be the first time the issuer is included when receiving a payment mandate. 

Many companies are preparing for AI systems that can make purchases, manage subscriptions or handle invoice payments without direct human input. In one example of the system’s security features, if a merchant requests $50 but the mandate authorizes only $10, Binance Pay users can reject the overage request to protect their funds. 

The companies believe in allowing the issuer to receive mandates directly, and they are supposedly attempting to strengthen the decision-making process around AI-led transactions. 

During its AP2 launch in September, Google said more than 60 organizations are participating in the development of AP2, like Adyen, American Express, Ant International, Coinbase, Etsy, Intuit, JCB, Mastercard, Mysten Labs, PayPal, Revolut, Salesforce, ServiceNow, UnionPay International, and Worldpay. 

“Google’s Agent Payments Protocol (AP2) is a critical step forward in building a secure, interoperable ecosystem for agentic AI payments. This protocol gives businesses and consumers the confidence to delegate tasks to AI agents, aligning with our mission to build the future of finance by empowering businesses globally,” said Jacob Dai, Co-Founder and CTO at Airwallex.

When asked about how the new protocol could aid the cause of AI agent payment platforms, American Express’s Digital Labs executive vice president Luke Gebb said AP2 would bring trust in how AI systems interact with payment networks. 

“American Express is excited to contribute to the creation of AP2 as a protocol intended to protect customers and enable participation in the next generation of digital payments,” said Luke Gebb.

Mastercard also joins AI payments platform train
Binance’s inclusion in agentic payments comes just five days after Mastercard launched its Agent Pay program, an initiative to support scalable AI-driven transactions on its network. Its partners include Bemobi, Checkout.com, Davivienda, Evertec, Getnet, Inti, MagaluPay, and Yuno.

Mastercard introduced the Agent Pay Acceptance Framework a month after Google did, around October 14. The system is intended to govern interactions between AI agents and merchants, making sure every automated payment has verification and tokenization requirements. 

Executives at Mastercard say the company is looking at the model as a way to improve digital commerce in regions where AI adoption is accelerating. At the Innovation Program event held in Portugal in November, the company said Agent Pay will debut in Latin America and the Caribbean within the first quarter of 2026.  

“Agentic payments are a new chapter in the evolution of commerce, one where AI empowers people and businesses to do more, with greater simplicity and confidence,” said Guida Sousa, Senior Vice President for Digital Payments in Latin America and the Caribbean at Mastercard.

She also mentioned that the company’s work with partners will help scale these experiences in the LATAM economic region.

Davivienda, one of the first financial institutions integrating with Agent Pay, reiterated that message, saying: “We see Agent Pay as a way to strengthen the entire payment ecosystem. By partnering with Mastercard, we’re ensuring that every agent-driven transaction is transparent and secure enough for merchants and consumers, so they’d have more confidence to embrace this new era of commerce,” noted Payments Vice President Laura Gómez Gutiérrez.

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Ripple has closed a major funding round that places the company firmly back in the center of institutional crypto investment. The firm confirmed a $500 million Series D raise on November 5, 2025, valuing the company at $40 billionand drawing participation from some of the most influential players in traditional finance.

Ripple has closed a major funding round that places the company firmly back in the center of institutional crypto investment. The firm confirmed a $500 million Series D raise on November 5, 2025, valuing the company at $40 billionand drawing participation from some of the most influential players in traditional finance.

Wall Street Leads the Charge
The financing was anchored by Fortress Investment Group and Citadel Securities, signaling a strong vote of confidence from established financial institutions. Additional capital came from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, rounding out one of the largest institutional crypto deals of the year.

The structure of the investment includes protective mechanisms tailored to institutional buyers. Investors secured the right to sell shares back to Ripple after three or four years at a guaranteed 10% annual return, or at an even higher 25% annual return if Ripple elects to repurchase the shares early. This feature underscores the appetite for exposure to Ripple’s growth while mitigating downside risks.

Why the Raise Matters
The Series D round is Ripple’s first public capital event since 2019 and marks a strategic pivot toward deeper engagement with global financial institutions. Ripple has expanded into infrastructure beyond payments, adding custody, stablecoins, prime brokerage, and corporate treasury services to its lineup.

One standout initiative is RLUSD, Ripple’s U.S. dollar, denominated stablecoin, which has been rapidly scaling since launch. The new capital is expected to accelerate adoption and integration of Ripple’s products across banks, payment providers, and corporate clients.

Validation Amid Ongoing Regulatory Friction
Despite its legal standoff with the U.S. Securities and Exchange Commission, Ripple has enjoyed a year of strong commercial traction. Securing a raise of this size, backed by elite Wall Street firms, represents a major endorsement not only of Ripple’s long-term strategy but of the evolving relationship between crypto and traditional finance.

Author

Alexander Zdravkov

Reporter at CoinsPress

Alexander Zdravkov interessiert sich leidenschaftlich für Bedeutungsfragen. Er ist seit mehr als drei Jahren im Kryptobereich tätig und hat ein Auge dafür, aufkommende Trends in der Welt der digitalen Währungen aufzuspüren. Ob er nun tiefgreifende Analysen liefert oder tagesaktuell über alle Themen berichtet, sein tiefes Verständnis und seine Begeisterung für das, was er tut, macht ihn zu einer wertvollen Ergänzung für das CoinsPress-Team.

After multiple days of showing heightening sell pressure, Shiba Inu is moving back to the bullish side of the market, although it is still struggling to retain crucial support.

As interest begins to return to the SHIB ecosystem, new on-chain data shows a massive change in its market dynamics as holders are increasingly moving tokens out of exchanges rather than returning them.

Shiba Inu sellers slow downData from crypto analytics platform Cryptoquant shows that the leading meme token has witnessed a decent decrease of about 2% in the SHIB exchange netflow over the last 24 hours.

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As such, the difference between SHIB inflows across all supported exchanges and its outflows, which sum up to be its overall exchange netflow over the past day, is sitting at a massive -45,201,400,000 SHIB.

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The metric, which shows that more tokens are being moved out of exchanges rather than being deposited for sale, is a key indication of heightening demand.

With over 45 billion tokens being wiped off centralized exchanges in just one day, it appears that both retail and whale holders are moving their tokens into self-custody amid surging buy activities, while also lowering the immediate risk of significant liquidations.

SHIB exchange reserve plummetsWith this negative netflow, the Shiba Inu exchange reserve has returned to the red zone, showing an acceptable decrease of about 0.87% over the last 24 hours, signaling growing conviction among holders.

As the SHIB exchange flow goes extremely negative, the data further shows that the total SHIB currently held on leading cryptocurrency exchanges like Binance and Coinbase has also decreased over the last 24 hours, currently sitting at over 60 trillion and 374 billion, respectively.

Following this bullish on-chain movement, data from CoinMarketCap shows that SHIB has surged rapidly by 3.7% over the last day, trading at $0.000008550 as of press time.

While this has restored the market's confidence, analysts suggest that SHIB might be removing a zero soon if it is able to hold momentum and succeed at its potential rebound.

Bitcoin’s rally into the $92,000 resistance zone lacks bullish volume, raising concerns that the move is only a dead-cat bounce before a deeper correction.

Summary

BTC bounce shows weak bullish volume and limited sustainability.
Rejection from point of control strengthens the bearish case.
Losing $89,000 may trigger a drop toward $86,000 support.

Bitcoin (BTC) price is showing early signs of exhaustion after an impulsive rise from the 0.618 value area low. Despite the sharp rebound, the absence of strong volume behind the move casts doubt on the sustainability of the rally. As price tests a major resistance cluster near $92,000, traders are watching for signs that the bounce may fail.

With bearish structure still intact on higher time frames, Bitcoin now faces a critical test that will determine whether continuation higher is possible or whether a deeper corrective leg is forming.

BTC price key technical points

Bitcoin rallies from 0.618 value area low into point of control resistance.
The bounce lacks meaningful bullish volume, weakening its credibility.
Losing $89,000 opens the path toward deeper support at $86,000.

BTCUSDT (1H) Chart, Source: TradingView
Bitcoin’s recent price action began with an impulsive move off the 0.618 value area low, creating a swift rotation back upward into the point of control. This zone also aligns with another 0.618 Fibonacci level positioned just above it, forming a tight confluence of resistance. Technically, this should have been the area where bullish momentum intensified to support continuation higher. Instead, volume has been largely absent during the rally. This lack of meaningful participation from buyers is the first major warning sign.

For any breakout to hold, bullish volume must expand as price pushes into resistance. When that volume is missing, rallies become vulnerable. In Bitcoin’s case, the current lack of volume suggests that the move may not be rooted in genuine strength. Rather, it appears more consistent with a dead-cat bounce, a short-lived recovery that occurs within a broader downtrend before price resumes lower. 

Even news of Harvard boosting its Bitcoin ETF stake by 257 percent in Q3 2024 has not translated into stronger market participation, highlighting how fragile the current bounce truly is.

If Bitcoin fails to reclaim the point of control decisively and begins reverting lower, the next key region is the high-time-frame support at $89,000. This level has historically acted as a structural anchor point for the trading range. A breakdown from here would confirm that bulls were unable to defend the rally and would shift the probability firmly toward a deeper corrective move.

Should $89,000 fail, the next major downside target becomes the high-time-frame support located near $86,000. This area has not been revisited since earlier in the quarter and contains a significant liquidity pool. Markets often gravitate toward such levels when momentum weakens. A move into this lower support zone would also align with the broader pattern of Bitcoin maintaining rotational behavior within its multi-month range.

From a structural perspective, the resistance zone near $92,000 is one of the most important levels on the chart. It represents the midpoint of the macro distribution zone and has already served as a rejection point multiple times this month. If price cannot break above this region with conviction, the market will interpret it as yet another failed attempt and a continuation of the prevailing bearish structure.

Even ETF analyst Eric Balchunas pushing back against “Bitcoin is tulip mania” comparisons has done little to shift sentiment at this key level, underscoring how dominant technical resistance remains.

A rejection here would therefore confirm that the current bounce was nothing more than a temporary counter-trend move. Exactly this behavior defines dead-cat bounces: an impulsive push upward with no volume follow-through, trapped buyers, and an eventual rollover back into the dominant trend.

What to expect in the coming price action
If Bitcoin loses the point of control and breaks below $89,000, a deeper corrective move toward $86,000 becomes likely. Only a strong volume-supported breakout above $92,000 would invalidate the dead-cat bounce scenario and shift momentum back to the bulls.

Mon, 8/12/2025 - 15:33

Shiba Inu has skyrocketed 2,394.51% in spot volumes on major US crypto exchange as traders make bets.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

According to CoinGlass data, Shiba Inu has surged 2,394.51% in spot volumes on major U.S. crypto exchange Kraken in the past week, revealing traders betting on the altcoin as the market awaits fresh catalysts.

The Federal Reserve policy decision is anticipated on Dec. 10.  Markets are expecting that the Fed will cut its key interest rate at its final meeting of the year, with traders pricing in around an 87% chance of a 25-basis-point cut when the central bank concludes its two-day meeting, according to the CME FedWatch tool.

After a few days of consolidation between $0.0000081 and $0.0000086, Shiba Inu began a move early Monday as the broader market turned green.

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According to Maartunn, an on-chain analyst at CryptoQuant, spot buyers are stepping aggressively into the market. The Bid/Ask Ratio (0–20% Spot) has flipped to +0.31, which marks the highest since April 2025. Maartunn noted that this level of bid-side imbalance often marks local bottoms or signals trend reversals.

Volumes indicator flashes bullish for altcoinsAt press time, SHIB was up 2.23% in the last 24 hours and up 7% weekly to $0.000008513.

In a recent analysis on the altcoin market, which includes Shiba Inu, CryptoQuant noted this particular cycle has been tough for traders as many coins did not perform as expected.

CryptoQuant noted that the altcoin market has now entered an interesting period, taking a look at overall altcoin trading volumes. The aggregated 30-day altcoin trading volume for stablecoin quote pairs to its annual average reveals something noteworthy.

The 30-day volume fell below the yearly average, which might suggest a buying zone for altcoins. CryptoQuant added that this phase could last for weeks or even months, giving enough time to optimize a DCA strategy with well-targeted entry points.

However, caution is required given the current uncertainty on the market. Despite the recent rise in the market, sentiment remains cautious, with the potential for further declines without fresh catalysts and liquidity.

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XRP continues to draw attention this week as the broader crypto market posts steady gains. Many large-cap tokens recorded double-digit increases over the last seven days, even with Bitcoin dominance still holding high. XRP also moved higher, rising about 3% in the past few hours to trade near $2.10.

XRP ETF Inflows Continue to Outshine RivalsNew ETF data shows a clear split in market behavior. Bitcoin and Ethereum spot ETFs recorded outflows last week, with BTC losing $87.7 million and ETH seeing $65.5 million exit. But XRP and Solana moved in the opposite direction.

Solana attracted $20.3 million in inflows, while XRP pulled in $230.7 million, more than ten times Solana’s figure. On a daily average, that works out to roughly $46 million going into XRP ETFs each day.

Even more important: XRP has not recorded a single day of ETF outflows since launch. Every session has shown net inflows, a trend which is seen as a sign of steady institutional interest.

Much of this activity does not show up in market prices. ETF providers buy XRP through OTC desks, not public exchanges. These transactions do not move the open market price, but they increase the chance of a future supply squeeze if OTC liquidity starts to thin.

Expert View: Traders Likely to Dominate Early ETF DemandAvinash Shekhar, Co-Founder and CEO of Pi42, spoke to Coinpedia about what may drive XRP ETF demand. He said early flows will likely come from speculators and traders, not long-term institutions.

Newly launched ETFs usually attract short-term traders first because they are seeking quick liquidity and volatility. Over time, the profile shifts. Institutions look at deeper factors: payment rails, settlement speed, liquidity strength, and enterprise adoption.

Shekhar says that as XRP’s real-world usage grows, long-term institutional buyers may form a larger share of total ETF demand. That transition depends on growth in payment volume and broader corporate integrations.

“If those fundamentals scale, institutional demand for an XRP ETF could become a significant and stable component of overall flows,” he said.

What Comes Next for XRP?XRP continues to lead ETF inflows by a wide margin. The lack of outflows since launch signals durable interest, even as price movement remains slow due to OTC purchasing. If OTC supply tightens, analysts say a supply shock could force price action to catch up.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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TL;DR

Stable launched its mainnet and the STABLE token, backed by Bitfinex and using USDT as the ecosystem’s gas, alongside the Stable Foundation.
STABLE serves as the network’s governance and security token.
The network attracted $2,000M in pre-deposits and formed partnerships with PayPal, Anchorage, and Standard Chartered to integrate payments and DeFi.

Stable, the Bitfinex-backed Layer 1 blockchain built on USDT, went live with its mainnet and native token, marking the launch of its payments and stablecoin ecosystem. The project also unveiled the Stable Foundation, an independent organization designed to manage network development, support community programs, and participate in protocol governance.

Introducing a Complete and Renewed Ecosystem
StableChain is designed to facilitate both institutional and retail integrations, using USDT as the gas token for all transactions. STABLE will serve as a utility token for network governance and security, allowing holders to delegate to validators and vote on key protocol decisions. The network runs on a delegated proof-of-stake consensus mechanism called StableBFT and offers staking rewards from a portion of network fees denominated in USDT.

Ahead of the mainnet launch, a pre-deposit campaign raised over $2 billion across more than 24,000 wallets in two phases. The project had previously secured $28 million in a seed round led by Bitfinex and Hack VC, with guidance from Paolo Ardoino (Tether CEO and Bitfinex CTO), Nathan Macauley (Anchorage CEO), and other crypto angel investors. In October 2024, Bitfinex also led a $3.5 million funding round for Plasma, an EVM-compatible sidechain focused on eliminating USDT transaction fees.

The StableChain launch coincides with strategic partnerships with institutional and payments-focused firms, including Anchorage Digital, PayPal, and Standard Chartered’s Libeara tokenization platform. The goal is to enable both institutions and the DeFi community to join the ecosystem and use stablecoins for efficient payments.

STABLE Tokenomics
The STABLE token has a fixed supply of 100 billion. Distribution allocates 10% for genesis, 40% for developer grants and partnerships, and 25% each for the team and early investors, with a one-year cliff and four-year vesting schedule. There are no planned inflationary emissions, and all network transactions will continue to settle in USDT.

CEO Brian Mehler emphasized that the initiative aims to “rewrite the way digital payments are processed globally, activating a fully on-chain economy for individuals and enterprises.” The project lays the foundation for a USDT-based payments and governance ecosystem, combining security, institutional participation, and scalability to drive mass adoption

TLDR

Table of Contents

TLDRTether’s USDT Becomes Recognized Fiat-Referenced TokenRipple’s RLUSD and Binance’s Approval Follow Similar PathsTether Expands Global Presence with Regional Approvals

Tether’s USDT stablecoin gains approval for use across multiple blockchain networks in the Abu Dhabi Global Market (ADGM).
USDT is now recognized as an Accepted Fiat-Referenced Token (AFRT), enabling regulated activities on various blockchain platforms.
The approval extends USDT’s utility to blockchains like Aptos, Celo, Cosmos, and TRON, boosting multi-chain interoperability.
Ripple’s RLUSD and Binance’s approvals in the region signal growing regulatory acceptance of digital currencies in the UAE.
Tether’s CEO, Paolo Ardoino, emphasized the importance of stablecoins in advancing financial inclusion and innovation in the Middle East.

Tether has obtained approval from Abu Dhabi Global Market (ADGM) to offer its USDT stablecoin across multiple blockchain networks. This approval allows Tether to extend its services within the region’s regulated financial framework. USDT will now be usable on networks such as Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.

Tether’s USDT Becomes Recognized Fiat-Referenced Token
According to a press release, Tether’s USDT has officially been recognized as an Accepted Fiat-Referenced Token (AFRT) within the ADGM regulatory framework. Authorized persons licensed by the Financial Services Regulatory Authority (FSRA) can now offer regulated activities involving USDT. This includes using USDT on various blockchain platforms like Aptos, Solana, and Avalanche, where the stablecoin was previously recognized.

The recognition enhances the multi-chain utility of USDT, enabling it to serve as a reliable asset for trading and decentralized applications. Tether emphasized that this recognition highlights the company’s commitment to resilience, transparency, and regulatory compliance. “This approval demonstrates our ability to meet the AFRT criteria and safeguards set by the FSRA,” the company stated.

Ripple’s RLUSD and Binance’s Approval Follow Similar Paths
Tether’s achievement comes shortly after Ripple’s RLUSD stablecoin received similar approval from the FSRA. Ripple’s RLUSD now has permission to operate in the same regulatory environment, marking a shift toward wider acceptance of digital currencies in the region. Additionally, Binance recently secured full regulatory approval from the FSRA, allowing the exchange to provide trading, custody, and settlement services.

Binance’s approval is part of a broader trend of crypto firms securing regulatory approval in the UAE. This growing regulatory acceptance signals a more stable and established framework for crypto services in the region. The FSRA’s actions indicate increasing confidence in the crypto market and its integration into the financial system.

Tether Expands Global Presence with Regional Approvals
Tether’s recognition in the ADGM is another step in its expansion across international markets. The approval enhances USDT’s role as a global settlement asset, supporting interoperability across blockchain platforms. Tether CEO Paolo Ardoino stated that the company is proud to contribute to the UAE’s leadership in crypto regulation.

Ardoino noted that the approval reinforces the importance of stablecoins in modern financial systems. Tether’s efforts to expand its presence in the region will contribute to financial inclusion and innovation. The recognition also underscores the growing role of stablecoins in the Middle East’s digital economy.

Ethereum price lacks conviction as weak volume and failed follow-through increase the risk of a deeper correction toward $2,200 unless buyers step in to defend key support zones.

Summary

ETH struggles to reclaim the value area high due to thin bullish volume.
Losing $2,800 opens the door to the untapped $2,200 support.
Market structure remains range-bound, with downside momentum building.

Ethereum (ETH) price is showing signs of weakness despite its recent bounce, with price action struggling to gain traction above key technical levels. The rally has not been supported by strong bullish volume, raising concerns that the move may lack the momentum needed for sustained continuation.

With the price unable to decisively break above the value area high, Ethereum now faces the possibility of a reversal toward lower support zones. Traders are watching closely as structural signals point toward growing downside risk, particularly if critical support fails to hold.

Ethereum price key technical points

Ethereum’s rebound is occurring on low volume, signaling weak buyer participation.
Failure to reclaim the value area high increases the risk of a move toward $2,800 support.
A breakdown of $2,800 would expose the next support zone at $2,200.

ETHUSDT (1D) Chart, Source: TradingView
The current bounce on Ethereum has exhibited little strength, struggling to create meaningful follow-through above the value area high. This region serves as an indicator of whether the price can sustain upward expansion or remains confined within its broader range. In Ethereum’s case, the inability to push above this threshold suggests that bullish momentum is lacking.

The weakness is further highlighted by Ethereum ETFs recording over $75 million in outflows with zero inflows, signaling fading institutional appetite as ETH stalls around $3,000. One of the first areas of interest is the $2,800 support level, which has acted as a structural pivot in recent months.

If Ethereum fails to hold $2,800, the probability of a deeper correction increases significantly. Beneath this level lies the $2,200 region, a key support area that has not been revisited since June. This zone contains resting liquidity and represents a natural downside magnet if the market begins to unwind. A sweep of this liquidity could accelerate downward pressure and complete a full rotation within Ethereum’s broader trading range.

It is also important to consider the repeated lack of follow-through in recent bullish attempts. Several countertrend rallies have formed, yet none have managed to break the structure or invalidate the broader downtrend. Each attempt has been met with sell pressure, pushing the price back into the lower half of the range. This series of failed moves further confirms the absence of meaningful buyer commitment.

The long-term structure remains intact within this high-time-frame range, with price oscillating between support and resistance zones for several years. Until Ethereum shows decisive breakout strength, it is likely to continue trading within this larger pattern. This means both rallies and declines are constrained by well-established boundaries, making volume and momentum key indicators for anticipating directional moves.

This broader stagnation mirrors wider market conditions as NFT sales remain modest at $77 million, and Ethereum-based NFTs dropped 13 percent, underscoring the reduced enthusiasm across the ecosystem.

Currently, those indicators lean bearish. With weakening momentum, thin volume on the bounce and no structural break to the upside, Ethereum faces elevated downside risk. A reclaim and close above the value area high would be needed to reverse this short-term bearish bias. Without such confirmation, the path toward $2,200 remains a technical possibility.

What to expect in the coming price action
If Ethereum fails to hold $2,800 and cannot generate bullish volume, the price is likely to rotate toward the $2,200 support level. Only a decisive breakout above the value area high with volume confirmation would negate this bearish scenario.

15h05 ▪
4
min read ▪ by
Ifeoluwa O.

Summarize this article with:

Ethereum has returned to levels above $3,100 after a shaky performance in November, but the headline price does not tell the full story. Activity on the network has picked up significantly, with capital flowing efficiently and stablecoin transactions surging, showing Ethereum’s growing role as a key hub for value transfer.

In Brief

Daily stablecoin transfers on Ethereum have climbed past $85 billion, placing the network well ahead of other blockchains in real-world activity.
In the fourth quarter alone, Ethereum handled nearly $6 trillion in stablecoin settlements, surpassing major traditional payment networks.
Transaction costs have fallen to historically low levels, with median fees hovering near zero.

Ethereum Hits Record Activity
Data shared by Token Terminal on X highlights a clear rise in Ethereum’s real-world activity. According to the analytics platform, daily stablecoin transfer volume on the network has climbed beyond $85 billion, placing Ethereum far ahead of all other blockchains in the same dataset. The scale of this movement shows that the network continues to position itself as a central venue for digital value exchange.

Alongside the surge in activity, Token Terminal reported that the cost of using the network has fallen to historically low levels, with the median transaction fee near zero. Meanwhile, the total supply of stablecoins on Ethereum has grown to $183.9 billion. Liquidity and capital movement in low-risk decentralized finance, including lending and stablecoins, are now at record highs, while the delivery of Ethereum’s main development updates is also occurring at an unprecedented pace.

Ethereum stablecoin supply climbs to $183.9B.
Adding to this context, a pseudonymous market watcher pointed out on X that Ethereum recorded $6 trillion in stablecoin volume in the fourth quarter, surpassing the transaction levels of major global payment networks such as Visa and Mastercard.

Ethereum Steady After November Drop
While on-chain activity remains strong, Ethereum is trading around $3,130, up more than 2% in the past 24 hours. This comes after a sharp drop in late November, with the asset finding support and beginning a gradual recovery. The rise has been steady rather than explosive, indicating that the market may still be searching for direction. 

From a technical standpoint, the relative strength index sits close to 50.49, placing it firmly in the middle of the scale. This position signals neutral momentum, with no clear dominance from buyers or sellers. The RSI is also positioned slightly above its moving average, which often implies that momentum is beginning to lean upward, although the signal remains mild. Importantly, the indicator is not approaching the 70 or 30 zones, suggesting the market is not in an overheated or deeply oversold condition.

Long-Term Expectations Strengthen
Even with the market still moving cautiously, confidence in Ethereum’s long-term potential remains firm among prominent analysts. Tom Lee of Bitmine continues to take a bullish stance, stressing that Ethereum’s current price near $3,000 does not capture its underlying strength. He points to the asset’s eight-year average performance, which he believes supports a possible move toward $12,000. Lee also outlines higher-end projections that place potential future values at $22,000 and even $62,000 per coin, based on how Ethereum has historically behaved over extended periods.

Meanwhile, Ethereum is moving forward with stronger network performance following the activation of Fusaka. The upgrade brings improved scalability, lower fees, and a more seamless user experience, creating a firmer foundation that could help support further price growth as the network continues to operate efficiently.

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Ifeoluwa O.

Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses.

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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Ondo Finance said the U.S. Securities and Exchange Commission has closed a confidential, multi-year investigation into the company without filing charges, marking what it described as a "major step forward for tokenized securities in the United States."

The probe, initiated under the Biden administration during a period of heightened digital asset scrutiny, examined whether Ondo's tokenization of real-world assets complied with federal securities laws, and whether the native ONDO token itself should be treated as a security.

According to a blog post from Ondo on Monday, the company fully cooperated and maintained throughout the inquiry that its approach to tokenization aligns with investor protection principles. The firm said the formal SEC notice represents a "meaningful milestone not just for Ondo, but for the broader tokenization industry."

The investigation began in 2024, when the U.S. regulatory environment for digital assets was characterized by crypto exchange failures, speculative tokens, and what Ondo described as "occasionally overbroad enforcement actions." At that time, Ondo had emerged as one of the few firms tokenizing publicly listed equities at scale and was experiencing growing adoption from global investors. "Being early and being successful came with scrutiny," the firm said.

With the probe now concluded, Ondo said it will continue to prioritize innovation, compliance, security, and investor protection.

Ondo's token is up around 5% on Monday following the news, according to The Block's ONDO price page.

A spokesperson for the SEC said the agency does not comment on the existence or nonexistence of a possible investigation.

Washington's tokenization shift
Ondo framed the outcome as part of a broader shift in Washington, where regulators are reassessing approaches to digital asset oversight and reversing or softening several of the prior administration's more aggressive actions.

Tokenization has also moved onto the SEC's formal agenda, with its Investor Advisory Committee evaluating how blockchain-based systems could modernize the issuance, trading, and settlement of public equities.

Ondo also pointed to accelerating market adoption as another sign of momentum, noting that tokenized U.S. Treasuries have become one of the fastest-growing onchain asset categories, and recently launched tokenized equities are showing similar traction.

The company plans to outline the next phase of its roadmap at the Ondo Summit in New York on Feb. 3, 2026, where regulators, policymakers, and traditional finance executives will discuss the firm's vision for what it calls a "new era of onchain finance."

Updated with response from the SEC.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Michael Saylor’s Strategy has expanded its Bitcoin treasury again, buying nearly $1 billion in BTC even as digital asset treasury inflows cool and its own stock trades sharply lower on the year.

Strategy chairman Michael Saylor announced on X that the company bought 10,624 Bitcoin (BTC) for roughly $962.7 million at an average price of $90,615 per coin last week. The move brings Strategy’s total holdings to 660,624 BTC, acquired for approximately $49.35 billion at an average price of $74,696.

The move comes during a rough stretch for Strategy’s equity. According to Google Finance, Strategy shares recently traded around $178.99, down 51% over the past 12 months.

Despite this, the company has billions in unrealized gains on its BTC holdings. According to BitcoinTreasuries.NET, Strategy’s current BTC holdings are worth about $60 billion, more than 22% above the firm’s aggregate cost basis.

Strategy is up 22% on its Bitcoin holdings. Source: BitcoinTreasuries.NETSaylor pushes Bitcoin to wealth funds as digital capitalAt the Bitcoin MENA event in Abu Dhabi on Monday, Saylor said he had been meeting with sovereign wealth funds and a diverse range of investors, including people who run banks and family offices, to discuss Bitcoin. 

“My message by the way is very straightforward. My message is: We now have digital capital. Bitcoin is digital capital. It’s digital gold,” Saylor said. “On top of digital capital, we have a new asset class called digital credit. Digital credit strips the volatility from the capital and provides yield.” 

Despite a downturn in Strategy stock prices, the company’s chairman consistently reaffirms their belief in the asset, saying recently on social media that they “won’t back down” from their Bitcoin bet. 

Strategy also recently raised $1.44 billion to dispel fear, uncertainty and doubt, or FUD. According to Strategy CEO Phong Le, there were concerns about whether the company could continue to service its debts and payment obligations should the stock’s price fall too far. 

“There was FUD that was put out there that we wouldn’t be able to meet our dividend obligations, which causes people to pile into a short Bitcoin bet,” he said. 

DAT inflows in November drop to lowest in 2025Strategy’s latest Bitcoin purchase comes amid digital asset treasuries (DATs) having their slowest month in November. DefiLlama data showed that DATs only had $1.32 billion in inflows during the month, down 34% from October. 

Bitcoin-focused firms led the month with over a billion in inflows driven by Strategy’s $835 million buy on Nov. 17. Ether-focused DATs flipped negative with $37 million in outflows. 

Magazine: Koreans ‘pump’ alts after Upbit hack, China BTC mining surge: Asia Express

The company framed the move, happening in early 2026, as a planned sunset. Dec 8, 2025, 2:21 p.m.

Matter Labs plans to deprecate ZKsync Lite, the first iteration of its Ethereum layer-2 network, the team said in a post on X over the weekend.

The company framed the move, happening in early 2026, as a planned sunset for an early proof-of-concept that helped validate their zero-knowledge rollup design choices before newer systems went live.

STORY CONTINUES BELOW

ZKsync Lite, which debuted in 2020, was built for basic token transfers, but took a back seat after developers released ZKsync Era in March 2023, a more advanced zkEVM rollup, which now anchors the project’s broader ZK Stack roadmap.

The Lite network will continue operating for now, with funds remaining safe and withdrawals to Ethereum mainnet still available, the team said. A detailed migration plan and timetable for the shutdown will be published next year.

“ZKsync Lite was a ground breaking proof-of-concept and validated critical ideas related to building production ZK systems. It did its job: prove what’s possible and pave the way for the next generation,” the team wrote on X.

Read more: Matter Labs Opens zkSync Era to Users, Claiming First in ‘Zero Knowledge’ Tech on Ethereum

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As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report

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With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.

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Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.Read full story

Tom Lee's BitMine Immersion Ramps Up Ether Acquisition, Adding $435M of ETH to TreasuryThis was the firm's largest weekly haul in more than a month; the company also increased its cash holdings to $1 billion. Dec 8, 2025, 2:23 p.m.

BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury firm, acquired 138,452 ether ETH$3,158.95 last week, accelerating its accumulation strategy that lifted its total holdings to 3.86 million tokens, the company reported Monday.

At current ETH prices, last week’s acquisition is worth roughly $435 million. That's a 156% increase from four weeks ago when it added about 54,000 ETH, the firm pointed out, and it's also higher than the previous two weeks' haul of 97,000 and 70,000 tokens.

STORY CONTINUES BELOW

The firm also increased its cash holdings to $1 billion, up from the previous week's $882 million. Including its small bitcoin stash and a stake in Eightco Holdings (ORBS), the company's total crypto and cash assets are worth $13.2 billion.

The latest purchase increases BitMine’s share of the second largest cryptocurrency's circulating supply to over 3.2%, reinforcing its position as the largest known ETH treasury.

BitMine's shares were up 3.8% pre-market with ETH modestly bouncing over the weekend back to $3,150.

Digital asset treasuries have slowed or reversed accumulation as token prices and equity valuations came under pressure in recent weeks. BitMine has taken the opposite approach, increasing purchases as ether continues to trade well below its summer highs.

Chairman Thomas Lee said the firm stepped up buying after Ethereum's Fusaka upgrade on December 3, which introduced improvements to the network’s scalability and security. He also pointed to macro factors, including the Federal Reserve’s expected rate cut this month and the end of quantitative tightening, as support for a stronger ETH market in early 2026.

Lee released a separate message Monday titled "The Crypto Supercycle is Intact," arguing that expanding adoption and growing interest in tokenization could drive demand next year.

BitMine remained one of the most actively traded U.S. stocks, with about $1.8 billion in average daily volume, placing it among the top 40 most traded equities, the firm said. However, the firm is still sittting on hefty unrealized looses on its ETH stash, estimated at nearly $3 billion at current prices.

Read more: BitMine Immersion Sitting on $4B Loss on Ether Bet as Analyst Warns of Structural Issues

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As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report

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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients

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The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.

What to know:

French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.Read full story

Mon, 8/12/2025 - 14:30

Quantum panic is back on the timeline, but JAN3 CEO Samson Mow cuts through it, saying Bitcoin is not the asset that breaks in a quantum scenario; it is everything around it that fails first.

Cover image via U.Today

The Quantum panic made another round this week as a "doomsday clock" claims that Bitcoin keys could be cracked by 2028. Samson Mow, known for his bold $1 million BTC call, shut down the panic in a recent interview, saying people keep stressing over the wrong things, and Bitcoin is not one of them.

Mow maintains the same argument in every conversation: if a quantum system ever becomes strong enough to break elliptic curve cryptography, it will target the traditional banking system first. Banks still use weaker encryption and lack a viable upgrade path.

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What Mow stresses is that the market does not need to worry about Tether's reserves when your local bank uses a fractional model that would collapse under minimal pressure or worry about what price Strategy might sell Bitcoin at when most equities lose 10% a year on decaying cash positions. 

Source: Quantum Doomsday ClockDo not worry about quantum computers "killing Bitcoin" when the real nightmare scenario is that military infrastructure will be cracked long before anyone touches a blockchain, says the Bitcoin entrepreneur.

No doomsday for Bitcoin, but there's a catchQuantum systems would require thousands of logical qubits and millions of physical ones, as well as error rates far below what is currently available. Even under favorable assumptions, the runtime problem remains significant. P2PKH users would still have enough time to move coins before anyone tries to access them.

The bottom line of Samson Mow's thesis is straightforward: Bitcoin is not the weak point in a quantum world, as everything else breaks first.

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Ethereum, the second-largest cryptocurrency in the world, is entering one of its most interesting phases in months. In just a few hours, big institutions moved 9,000 ETH off exchanges, major whales opened large long positions, and exchange supply dropped to new lows. 

Many now wonder, is Ethereum preparing for its next big rally?

Institutions Pull 9,000 ETH in Few HoursAccording to Arkham Intelligence, institutions removed a significant amount of Ethereum from exchanges. Two major players, Amber Group and Metalapha, withdrew 9,000 ETH worth over $28 million from the Binance exchange in the past few hours.

This isn’t a one-day event. Over the last five months, institutions have accumulated nearly 4 million ETH, a level of inflow that usually appears before major market shifts

🚨 INSTITUTIONS ARE ACCUMULATING $ETH ~ QUIETLY.

In the last few hours:

• Amber Group withdrew 6,000 ETH ($18.8M) from Binance
• Metalapha withdrew 3,000 ETH ($9.4M)

That’s 9,000 ETH pulled off exchanges in a single morning.

This is the same pattern we’ve seen for weeks:… pic.twitter.com/MBgyXoPfJz

— BMNR Bullz (@BMNRBullz) December 8, 2025 Meanwhile, these are not short-term trades. These are the kind of withdrawals institutions make when preparing for custody, long-term positioning, or deploying capital for the next big cycle.

Ethereum Sees Silent Whale AccumulationAlong with institutional withdrawals, several big wallets opened large long positions on Ethereum. Wallets like 1011short and Anti-CZ together added around $426M in leveraged ETH longs. 

Ethereum Exchange Balances Hit LowOn-chain data shows Ethereum’s available supply is shrinking fast. Only 8.7% of ETH now sits on exchanges, while more than 28 million ETH is locked in staking, custody, and long-term storage. Daily staking inflows stay strong, with over 40,000 ETH added each day.

This steady supply drop lowers selling pressure and helps create a stronger base for Ethereum’s next major move, even as the price trades around $3,040.

Ethereum Price Outlook: Key Levels to WatchFollowing this accumulation, Ethereum has posted a 3% gain over the last 24 hours and is now holding the $3,100 support level strongly.

According to analyst Ted Pillows’ chart, ETH is trading inside a tight range between $3,050 and $3,200, awaiting confirmation.

If ETH breaks above the crucial $3,300–$3,400 resistance, it could rally toward the $3,700 to $3,800 zone.

However, rejection from this band may push ETH back toward $3,000, where buyers could attempt another recovery.

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The token is now linked between HyperCore and HyperEVM, enabling secure, natively minted USDC deposits directly to HyperCore.
This is a milestone in improving cross-chain usability while maintaining security. In the long term, the Arbitrum bridge will be phased out, and all USDC will be natively minted, creating a more streamlined and robust experience.

A Safer, Smoother User Experience
During this transition, users should not expect any immediate disruptions. Deposits and withdrawals can continue from both the Arbitrum bridge and HyperEVM. HyperCore now supports one-click deposits from chains enabled with Circle’s Cross-Chain Transfer Protocol, or CCTP, which simplifies the minting process on HyperEVM. While transfers from HyperCore to HyperEVM may occasionally fail if HyperEVM lacks sufficient balance, funds remain secure within HyperCore. More info, in its Github repo.

Users can always use the Arbitrum bridge as a fallback, ensuring no loss of funds. For example, if a developer needs USDC on HyperEVM for a decentralized finance application, they can send it via CCTP from Arbitrum, just as before, with the added confidence that HyperCore acts as a reliable bridge and vault.

USDC is now linked between HyperCore and HyperEVM. This is a major milestone in allowing secure, natively minted cross chain USDC deposits directly to HyperCore. In the final state, the Arbitrum bridge will be deprecated and all USDC will be natively minted. There are many… pic.twitter.com/0g8fTCgkVl

— Hyperliquid (@HyperliquidX) December 8, 2025

The new integration offers improved efficiency. USDC contracts now allow transfers from other chains to HyperCore in a single transaction. This design reduces the number of steps needed to deposit USDC on HyperEVM, enhancing both speed and user experience. Developers can begin updating their applications to use HyperEVM USDC flows, simplifying workflows for end users while preparing for the eventual deprecation of the Arbitrum bridge.

More About Hyperliquid
Hyperliquid announced a new feature allowing users to trade $STABLE with leverage for the first time. By popular community request, traders can now take long or short positions with up to three times leverage, increasing both potential gains and risks.

By community request, you can now long or short $STABLE with up to 3x leverage. pic.twitter.com/KwLiZnMESh

— Hyperliquid (@HyperliquidX) December 8, 2025

This move reflects growing demand for more flexible trading tools in the stablecoin market, giving users the ability to amplify their strategies while maintaining control over their positions. Hyperliquid emphasized that all leveraged trades are designed with risk management in mind, ensuring a safe and responsive trading experience.

Disclaimer
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

The world's largest asset manager is seeking the U.S. Securities and Exchange Commission's sign-off for a staked Ethereum exchange-traded fund.

BlackRock filed a registration statement with the SEC on Friday for the iShares Staked Ethereum Trust ETF. This comes a few weeks after the firm filed a name registration with the state of Delaware for that ETF, signalling that an SEC filing could be incoming. 

 "The Trust seeks to reflect generally the performance of the price of ether and rewards from staking a portion of the Trust’s ether, to the extent the Sponsor in its sole discretion determines that the Trust may do so without incurring undue legal or regulatory risk, including, without limitation, any risk to the Trust’s qualification as a grantor trust for U.S. federal income tax purposes," BlackRock said in the filing.

Last year, BlackRock debuted its existing Ethereum ETF on Nasdaq. In July, Nasdaq submitted an updated 19b-4 filing to add staking to that ETF. Other issuers have added staking to their crypto ETFs, including Grayscale's Ethereum ETF and another from Fidelity that includes staking for its SOL ETF. 

Over the past few months, firms have launched several different types of crypto ETFs, including ones tracking DOGE and XRP, in the wake of a friendlier presidential administration toward crypto this past year.

BlackRock's spot ether fund, the iShares Ethereum Trust ETF (ticker ETHA), is the largest of its kind with about $17 billion in AUM.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Mon, 8/12/2025 - 14:46

Wall Street's $500 million move into Ripple at a $40 billion valuation is met with scrutiny, putting the company's real value and XRP's role at the forefront.

Cover image via U.Today

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According to Bloomberg's latest reporting, Ripple's November share sale landed exactly where the company has been trying to position itself for years: at the center of institutional capital that wants crypto exposure but insists on structured protection. The round brought in $500 million, setting Ripple’s valuation at $40 billion, the highest private valuation recorded for a digital asset firm in this cycle.

As the news circulated, XRP traded higher inside the day, approaching $2.09. This increase aligned with the market strength rather than being a standalone reaction, but it showed that traders are tracking the news.

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The deal's notable aspect was not the investors — Citadel Securities, Fortress, Marshall Wace, Brevan Howard, Galaxy and Pantera — but the terms. According to Bloomberg, investors secured the right to sell their shares back to Ripple after three or four years, earning a 10% annual return. 

If Ripple initiates a repurchase, the return increases to 25% annually. A liquidation-preference clause was also added, ensuring that the new money sits at the front of the line in the event of a sale or restructuring.

Ripple's XRP plays crucial role in $500 million dealAccording to Bloomberg’s sources, the fundamental driver is that several funds assessed that up to 90% of Ripple’s net asset value comes from XRP. This is backed by July disclosures showing $124 billion in token holdings before a market decline. 

Despite recent weakness — a 16% pullback since late October and over 40% since mid-summer — Bloomberg's calculations estimate Ripple's current XRP position at over $83 billion, well above the equity valuation.

XRP/USD by TradingViewRipple securing institutional money on structured terms reinforces one point for XRP holders: large funds still view Ripple’s valuation as anchored to its token reserves. Bloomberg’s numbers show that Ripple’s XRP position remains well above the company’s equity valuation even after recent price pressure, which turns XRP into the asset underpinning the entire deal. 

It does not guarantee an upside, but it does confirm that institutions are pricing XRP’s scale, liquidity and long-term relevance into their exposure, even as they hedge against volatility with contractual protections.

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In the meantime, Ripple continues to expand beyond pure token exposure through acquisitions such as Hidden Road and GTreasury yet maintains no stated IPO timeline. For now, Wall Street is positioned with downside protection and optionality on whatever comes next.

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