Market Signal Briefing

At current prices, the release is worth more than sixty million dollars. The news drew quick attention across the crypto market, but the project stressed that the unlock followed its preset schedule and had been shared with the community ahead of time. 
A core developer known as iliensinc explained that these tokens are part of ongoing rewards for the people building the protocol. Hyperliquid also reminded users that it never raised outside funding, which means there are no investor unlocks waiting in the background.

Why This Unlock Matters for the Market
Token unlocks can sometimes worry traders because they bring new supply into the market. When that supply comes from early investors, it can create selling pressure if they decide to take profits. Hyperliquid avoids this issue because it does not have venture backers. Every token currently unlocking goes to contributors who helped build the system. The team said these releases are designed to support long-term development rather than short-term trading.

The Hyperliquid team confirmed that 1.75 million HYPE tokens were unlocked on Saturday for developers and core contributors, worth over $60.4 million at current prices. According to Hyperliquid developer iliensinc, the unlock is part of the project’s predefined vesting schedule… pic.twitter.com/SLd346io08

— Wu Blockchain (@WuBlockchain) November 30, 2025

This weekend’s unlock is also small when compared with one of the project’s earlier milestones. On November 29th, the network fully unlocked about two hundred seventy million tokens. At today’s value, that earlier event equals roughly 9.5 billion dollars. The market absorbed that release without major disruption, a fact supporters see as evidence of a strong and active user base.

Hyperliquid TGE Unlock and What Actually Happened

The first major unlock just passed. Here’s how tokens were distributed and what team members did with it.

Distribution

• Largest wallet (Founder-tier): 170,619 HYPE

• Senior-tier (14 wallets): 1,049,986 HYPE

• Mid-tier (2… pic.twitter.com/2zw4aSsWNH

— kirbycrypto.hl 🌊🏄‍♂️ (@kirbyongeo) November 29, 2025

A real example from the broader crypto world shows why these details matter. Hyperliquid’s approach aims to avoid similar shocks by following a clear schedule that focuses on builders rather than outside funds.

According to HypurrScan, the Hyperliquid team address 0x43…a251 transferred 2.6m HYPE (~$90.18m) from Staking to Spot today at 12:32 UTC+8. Currently, this team address 0x43…a251 still holds 240m staked HYPE (~$8.36 billion). https://t.co/Tnt0p0mHAj pic.twitter.com/q1u3Q0V803

— Wu Blockchain (@WuBlockchain) November 29, 2025

More About Hyperliquid
Hyperliquid EVM just crossed a major growth milestone with more than one million unique addresses now created on the network. The latest snapshot shows strong activity across the board, with over one million cumulative unique addresses, more than 459k daily transactions, and more than 23k daily active addresses.

🚨 Hyperliquid EVM has officially surpassed 1,000,000 Unique Addresses.

Key metrics from the latest snapshot:

▫️ 1.00M+ Cumulative Unique Addresses​

▫️ 459K+ Daily Transactions​

▫️ 23K+ Daily Active Addresses​

Transparency made by @routescan_io pic.twitter.com/dhj8VwhqBr

— Routescan | The Unified Explorer (@routescan_io) November 21, 2025

These numbers highlight rising user demand and steady engagement, suggesting that the network is becoming a busier hub for builders and traders who want fast execution and a familiar EVM environment.

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 crypto market today opened in December on the back foot as Bitcoin slipped toward $86,100, setting off another round of selling across major coins like Ethereum, Solana, Dogecoin, and Cardano. 

Profit-booking and weak sentiment pushed the market deeper into the red, keeping traders cautious after a rough November. While prices continue to struggle, a major development from MicroStrategy has added a fresh layer of concern to an already fragile market.

MicroStrategy, the world’s largest corporate holder of Bitcoin, has finally acknowledged that a BTC sale could happen under specific crisis conditions. This is the first real shift away from Michael Saylor’s long-standing “never sell” philosophy. 

CEO Phong Le revealed that the company does have a built-in kill-switch that could force a sale if financial stress reaches a certain threshold. While no sale is planned right now, the confirmation itself marks a major change in the company’s tone.

When Could MicroStrategy Sell Bitcoin?Phong Le explained that a Bitcoin sale would only occur if two conditions were met at the same time. The first trigger is MicroStrategy’s stock falling below 1x mNAV, meaning the market values the company at less than the Bitcoin it owns. This would indicate stress in the entire MicroStrategy-Bitcoin structure.

The second trigger is the inability to raise capital through equity or debt. If funding dries up, MicroStrategy would have no choice but to use its BTC stack to meet obligations. This scenario is unlikely in normal conditions but possible during a deep liquidity crunch.

Why MicroStrategy Might Sell Bitcoin?Analysts such as AB Kuai Dong and Larry Lanzilli point out that MicroStrategy’s mNAV premium, a key strength for the company, has nearly vanished. As of November 30, mNAV sits around 0.95, just above the 0.9 danger zone. 

If it slips below 0.9, the company may need to use Bitcoin to cover obligations such as its $750–$800 million annual preferred dividend payments. With MSTR stock down over 60% from its highs, raising fresh capital is becoming harder.

What Analysts Are Saying?Crypto analyst Jacob King notes that Saylor even hinted at this shift by talking about “adding green dots,” which many see as a subtle signal that selling is now on the table. Adrian adds that the recent green dots are unlikely to signal share buybacks or preferred-share activity, suggesting they may instead hint at BTC accumulation through derivatives.

For the wider market, MicroStrategy’s 649,870 BTC position is a major pillar of institutional conviction. With a clear sale threshold now revealed, traders will closely watch the 0.9 mNAV line as a new structural risk point heading into 2026.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhy is the crypto market down today?

Bitcoin slid toward $86,100 as profit-booking, weak sentiment, and MicroStrategy’s possible BTC sale fears triggered broad selling across major altcoins.

Could MicroStrategy really sell its Bitcoin?

Yes, MicroStrategy could sell if its stock drops below key value levels and if it can’t raise capital, but the company says no sale is planned right now.

How could MicroStrategy selling BTC impact Bitcoin’s price?

A sale from such a large holder could shake confidence and add selling pressure, making traders more cautious as markets head toward 2026.

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.

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Crypto market crash starting in Asia hours on Monday wiped out $200 billion in market cap. Massive liquidations across Bitcoin (BTC), Ethereum (ETH), XRP, BNB, Solana, and other altcoins erased all recent gains driven by hopes of a December Fed rate cut.

Bitcoin (BTC) faces resistance at $92.000 and plunges more than 6% to below $85,653 today. On the other hand, Ethereum (ETH) fell 8% to a 24-hour low of $2,807. This happened despite a much-needed rebound in the Crypto Market Fear & Greed Index from 11 last week to 24 today. 

Meanwhile, top altcoins XRP, BNB, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Hyperliquid (HYPE) fell 6-10% over the past 24 hours. Zcash (ZEC), Ethena (ENA), and AI coins led the crypto market crash, with ZEC price tanking 21%.

BOJ Rate Hike and Record High Bond Yields Caused Crypto Market Crash
The crypto market crash is driven primarily by Bank of Japan (BOJ) Governor Kazuo Ueda’s comments on December 1, hinting at another interest rate hike in December. Ueda claimed the BOJ expects to raise the policy interest rate by examining the economy, inflation, and financial markets.

As a result, Japan’s 30-year, 10-year, and 2-year Government Bond yields rise to the highest levels since 2008. Meanwhile, Japan’s 20-Year Government yield (JP20Y) jumps to 2.888%, marking the highest level since 1999.

Japan’s 20-Year Government Yield. Source: CNBC
The increase in Japanese interest rates and strengthening of the Yen can lead to the unwinding of carry trades. It could result in a major global market crash as institutional investors such as hedge funds borrow in Yen to buy risk assets.

Bitcoin and the broader crypto market crash happened due to panic over the potential unwinding of Yen carry trades. Notably, global yen carry trade exposure accounts for $20 trillion, which can shake markets, including Bitcoin.

ISM US Manufacturing PMI Data Release and Jerome Powell Speech Today
The Institute for Supply Management to release the US Manufacturing PMI data today, which will reveal the health of the manufacturing sector in the United States.

Notably, the ISM US Manufacturing PMI has contracted for the 8th consecutive month. The market expects the date to come in at 48.6, spotlighting economic weakness amid the prolonged government shutdown.

Moreover, Fed Chair Jerome Powell is scheduled to speak at the Hoover Institution in California at 8:00 pm ET. All eyes are on Powell’s speech today for any hints or comments on the December Fed rate cut.

At the time of writing, the CME FedWatch Tool showed 87.4% odds of a 25-bps Fed rate cut on December 10. The macro events could significantly shift the rate cut odds this week before the FOMC meeting.

Massive Bitcoin, ETH, XRP, SOL, ZEC Liquidations Amid Crypto Market Crash  
CoinGlass data indicates almost $700 million in total liquidations over the last 24 hours, led by Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) Zcash (ZEC), Dogecoin (DOGE), and Hyperliquid (HYPE). Over 219K traders were liquidated, with the largest single liquidation order of ETHUSDC valued at $14.48 million occurring on Binance.

Notably, almost $600 million in long positions and $90 million in short positions got liquidated. Bitcoin price crashes to $85K as investors liquidated over $200 million in BTC holdings over the last 24 hours. The crypto market crash saw $372 million in longs liquidated in just an hour as BOJ Governor Ueda hinted at a rate hike.

Crypto Market Liquidations in 1-Hour Timeframe. Source: Coinglass
Matrixport claimed a dovish Fed may not be enough to offset tightening signals, causing institutional investors to continue reducing their Bitcoin exposure. Meanwhile, Tether’s significant shift into gold and Bitcoin to offset declining interest income has raised concerns in the crypto community.

Also Read: Best Crypto Tools for Research, Trading and Analysis 2025

The ETF is expected to go live on Dec. 2 and will include staking rewards in addition to spot price exposure. The launch comes as the US enters a time of increased ETF approvals, with analysts forecasting that more than 100 new crypto ETFs could launch in the next six months. At the same time, CoinShares withdrew its application for a staked Solana ETF after its underlying deal fell through, despite the fact that rival issuers like REX-Osprey and Bitwise saw strong inflows into their own staked SOL funds. 

First US Chainlink ETF Nears LaunchGrayscale is getting ready to launch the United States’ first spot Chainlink (LINK) exchange-traded fund (ETF) this week. The development was revealed by ETF Institute co-founder Nate Geraci, who said on X that the long-running Grayscale Chainlink Trust is now scheduled to be uplisted and converted into an ETF, becoming the first product of its kind to offer direct exposure to LINK in the US market. Senior ETF Analyst Eric Balchunas believes that Grayscale’s launch is expected on Dec. 2.

The product will track the spot price of Chainlink while also capturing additional returns from staking, a feature that distinguishes it from some of the earlier crypto ETFs that exclusively tracked price action. In a recent research report, the firm described the Chainlink ecosystem as “critical connective tissue” that is helping bridge blockchain infrastructure with traditional financial systems through its oracle networks and real-world data feeds.

Grayscale’s push toward a LINK ETF comes as Bitwise, one of its closest competitors, prepares its own version, which is still awaiting regulatory clearance. The dueling filings were made at a time when the US crypto ETF market is experiencing unprecedented momentum. Balchunas recently shared that five spot-based crypto ETFs are set to launch in a six-day span, and added that the next six months may see more than 100 new products enter the market as issuers try to capitalize on a more open regulatory stance toward digital-asset funds.

This year already saw the approval of spot ETFs tied to Solana, XRP, and Dogecoin. Grayscale itself has been a big beneficiary of this regulatory turnaround. Just last month, the company began offering spot ETFs for XRP and DOGE, expanding its portfolio of tradable crypto investment vehicles even more.

The arrival of a spot Chainlink ETF suggests that there is growing institutional demand for exposure to blockchain infrastructure projects, not just base-layer cryptocurrencies. For Chainlink, the launch could be a defining moment that brings one of crypto’s most widely-integrated protocols directly into the portfolios of traditional investors for the first time.

In other ETF-related news, CoinShares recently withdrew its application with the US SEC for a staked Solana ETF. The product would have joined the fast-growing class of yield-bearing Solana funds. According to the SEC filing, the underlying structuring deal and asset purchase were never finalized, which left no mechanism for the shares to be issued. The filing clarified that no shares were ever sold and none will be sold under the abandoned registration.

The withdrawal happened at a time when other asset managers successfully launched staked Solana ETFs in the US. REX-Osprey introduced the first staked SOL ETF in June, followed by Bitwise in October. Bitwise’s fund made a strong debut with almost $223 million in inflows on its first trading day, quickly accumulating about half the value that the REX-Osprey product built over several months. Analysts say that this is proof that there  is strong investor appetite for yield-generating Solana exposure.

Despite the enthusiasm around these ETFs, Solana’s price failed to keep up. SOL has been on a steady downtrend since topping $250 in September, falling to around $120 in November. This is a roughly 60% drop from its all-time high close to $295 in January 2025, when the launch of the Official Trump meme coin triggered a wave of meme coin trading and briefly boosted network activity and demand.

SOL’s price action over the past year (Source: CoinMarketCap)

Throughout November, Solana ETFs attracted more than $369 million in inflows as investors  looked for staking rewards, even while Bitcoin and Ethereum ETFs suffered heavy outflows. Analysts previously expected SOL to climb toward $400 on the back of ETF inflows, but those projections have since been scaled back. Many now believe the token faces a lot of resistance in reclaiming even the $150 level.

Solana ETF flows (Source: Farside Investors)

Now, CoinShares’ withdrawal removes one potential catalyst from the Solana ETF landscape, but the sector continues to see strong demand. Only time will tell whether that momentum can eventually revive SOL’s price.

Expert market analyst Tom Lee says 2026 could be a powerful year for both crypto and stock markets. In a recent video, Lee explained why he believes the coming year offers one of the most attractive setups for investors in years, especially for Bitcoin and Ethereum.

Lee points to one major driver that is U.S. monetary policy. After 3 years of tight conditions, he expects liquidity to finally improve. With the possibility of a new Federal Reserve chair and easing financial pressure, he sees a strong environment for a market recovery.

He also highlighted how weak the business cycle has been. The ISM manufacturing index has stayed below 50 for 36 straight months, something that has never happened before. According to Lee, this long period of stagnation is setting the stage for a sharp rebound.

Crypto Could See a V-Shaped ComebackLee believes the fundamentals for Bitcoin and Ethereum are getting stronger despite recent market weakness. Institutional demand continues to rise, while exchange supplies of BTC and ETH are dropping sharply, something he views as a sign that a local bottom may be forming.

“Crypto has disappointed many investors over the past few months, but fundamentals are building strongly,” Lee said. 

He adds that Bitcoin is now widely seen as an institutional asset, while Ethereum has major long-term potential thanks to the growth of stablecoins and tokenization by firms like BlackRock and Robinhood.

Lee expects a V-shaped recovery, with Bitcoin potentially reclaiming $100,000 by year-end, and Ethereum hitting $7,000 to $9,000 by the end of January 2026. He also noted that the U.S. stock market just posted its biggest November reversal ever, giving additional momentum to crypto.

Altcoin Daily host Aaron echoed the same sentiment, calling this period one of the best buying opportunities in recent years.

Bitcoin Supply Shock Could Ignite Bigger GainsOn CNBC, Lee said Bitcoin is heading into a major supply crunch. The halving has reduced how much new BTC enters the market, while demand keeps rising. He explained that when supply drops and demand grows, prices usually move up quickly.

Lee believes Bitcoin could break $100K–$150K before the year ends, and still stands by his bold long-term target of $3 million per BTC.

MicroStrategy’s Michael Saylor delivered a similar message: “There’s no second best. Demand is exponential, supply is fixed, the math is inevitable.”

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWill crypto markets recover in 2026?

Analysts expect 2026 to be strong as liquidity improves and demand rises. Many see this setup as favorable for a broad crypto recovery.

What could push Bitcoin above $100,000?

A supply crunch from the halving, growing demand, and stronger market conditions could help Bitcoin reclaim the $100K level.

Is now considered a good time to buy crypto?

Some analysts say current weakness may offer opportunities, but emphasize researching risks and investing only what you’re comfortable with.

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.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Bitcoin fell back below $90,000 on Monday, extending losses after its steepest monthly decline since the 2021 crypto crash, as renewed risk aversion drove investors out of stocks and digital assets.

There’s no two ways around it anymore – people who engage with cryptocurrencies are expected to fulfil their tax obligations on profits earned from their crypto-related activities. However, not every crypto user realizes just how much they could save if they understand how cryptocurrency tax deduction works.

Understanding crypto tax deductions could make a big difference in your next tax filing, as it would help reduce your overall tax liability. This brings the question. What exactly are cryptocurrency tax deductions, and how can they help you save money on your bitcoin taxes?

What Are Crypto Tax Deductions (and Why They Matter in 2025)?
Crypto tax deductions are expenses that tax authorities allow taxpayers to deduct from their taxable income. Some of these costs include money you spend to manage or earn digital assets, for example, trading fees, mining electricity costs, and money spent on protecting your crypto assets.

Tax authorities like the Internal Revenue Service (IRS) in the United States and His Majesty’s Revenue and Customs (HMRC) in the United Kingdom classify cryptocurrencies as either property or stocks. So any money spent on making or protecting such assets is deductible during tax filing.

Imagine that you run a small mining operation and your electricity costs at the end of the year amount to $2,500. This amount is deducted during your tax filing, thus reducing your taxable income. The more deductions you have, the lower your taxable gains, and the more money you save.

Common Crypto Expenses You Can Deduct
Your crypto tax deductions depend on what you do in the market. This means that the tax deductions for a crypto miner differ from those of an individual investor or trader. That said, let’s take a look at some of the expenses that can be deducted for different categories of taxpayers in the crypto industry.

Individuals (Traders and Investors)
This includes those who focus on buying, selling, and holding digital assets for personal use. Here are some of the tax deductions that can help you save money on your bitcoin and crypto taxes.

Transaction fees: These fees include all the costs you spend on buying, selling, swapping, and transferring crypto assets on exchanges, personal wallets, and dapps. Examples include gas fees on blockchain networks and trading fees.

Subscription Costs for Tracking Tools: These are expenses incurred for subscribing to or paying for portfolio tracking software or tools that track your crypto activities to keep records or calculate your profits and losses. Examples of such tools are crypto tax software like Koinly and CoinTracker.

Professional Help: The money you spent on the services of experts like accountants and tax consultants to handle your crypto taxes can qualify as a deduction on your tax report.

Security Costs: As mentioned earlier, the costs you incurred on protecting your digital assets can also be deducted from your crypto gains. In other words, money you spent to buy a hardware wallet or for services like encrypted backups and audits, which help protect your cryptocurrencies, is tax-deductible.

Miners and Validators
Miners and validators are important players in the crypto world. Miners confirm transactions and add new blocks using high-powered computers that consume large amounts of energy. On the other hand, validators perform similar tasks by staking coins instead of relying on high-powered rigs, which reduces the amount of energy required for keeping the network active. While miners operate in proof-of-work blockchain like Bitcoin, validators are found on proof-of-stake networks like Ethereum and Solana.

Mining and validation operations are often treated as business activities, which gives taxpayers more expenses that they can remove from their profits. Some of the tax deductions allowed for miners and validators include:

Electricity and Equipment Costs: The money spent on electricity bills and mining equipment can help reduce taxable income.

Depreciation: Mining rigs and other computing machines used for running the mining operations wear out over time. As such, you can deduct part of their depreciation cost each year in your tax report.

Internet and maintenance: Costs such as internet access, cooling systems, and general maintenance necessary for running the operation can add up to something tangible, which counts as deductible.

Businesses
Businesses and companies that use crypto as part of their daily operations also have deductions that can reduce their tax obligations. Some of these include:

Marketing and management tools: Many businesses that pay for ad campaigns, analytics tools, and automation bots directly linked to trading can report them as deductible.

Legal and advisory costs: Other major expenses for businesses that are deductible include money spent on licenses, compliance, and professional services related to income-generating activities.

Whether you are an individual investor, trader, miner, or business owner, it is important to keep proof of every deduction. This is because the taxman will not accept your claim without documented evidence, such as receipts and invoices.

Understanding Capital Gains, Losses, and Write-Offs
Aside from the expenses discussed above, understanding concepts such as capital gains, losses, and write-offs will help increase the amount of money you can save on your Bitcoin taxes without breaking any tax rules.

Most countries, as stated earlier, classify cryptocurrencies as capital assets (the same category as stocks and property). That said, a taxable event happens when you buy, sell, or swap your cryptocurrency, either for another asset or for fiat.

The difference between what you paid to purchase the asset and what you sold it for would determine whether you made a profit or a loss. If you sold the asset for a higher amount than you bought it, then you have made a capital gain, and if you sold it for a lesser amount, that is a capital loss.

Tax authorities allow taxpayers to use their losses to offset their gains, which helps reduce their taxable income. This offset is what we refer to as write-offs, which allows you to pay taxes on your net profit, instead of your total earnings. For instance, you lost $3,500 from investing in Ethereum, but made $7,500 from your bitcoin trade. Instead of paying taxes on your $7,500 profit, you will only pay taxes on $4,000 ($7,500 minus $3,500).

How to Use Crypto Tax-Loss Harvesting
Tax-loss harvesting is one effective way to reduce your tax liability during the tax season. The idea is quite simple: sell off your digital assets that have dropped in value to offset the profits you made from your other assets. Although this may seem like a bad one at first, it is a strategic way to reduce your tax obligations.

How does it work? The first step is to review your portfolio and find the assets that are trading below your purchase price.  Sell these tokens before the end of the tax year to realize your losses. Once that is done, you can use the realized loss to offset the taxable gains made from your profitable assets. However, you have to keep accurate records of your transactions, including purchase and sale dates and prices, before you can claim such write-offs.

One important thing to note about tax-loss harvesting is the wash-sale rule, which prevents investors from claiming a tax loss if they purchase the same asset within a short period after selling. In the UK, the wash-sale period is 30 days. In other words, to record the loss as a write-off, you must wait at least 30 days after selling before you can rebuy the coin. In the US, however, crypto taxpayers are currently exempted from the wash-sale rule, which means investors could rebuy the asset at any time after selling.

The best time to use this strategy is during market downturns, when several assets lose their value almost at the same time.

Other Smart Crypto Tax Saving Strategies for 2025
Aside from taking advantage of deductions and loss harvesting, there are some other simple and smart crypto tax saving strategies that can help you lower your Bitcoin taxes without breaking any laws.

HODL.
When it comes to taxes, HODLing can be a smart way to reduce your tax liability. This is because most tax authorities offer lower tax rates to taxpayers who hold their crypto assets for at least 12 months. In the US, for example, holding your assets for more than a year puts them in the long-term capital gain category, which reduces the rate to 0%,15%, or 20%, depending on your income level. Similar rules apply in the UK and other European countries, like Austria, France, and Germany.

Crypto Donations

Donating some of your crypto assets to registered charity organizations is another way to lower your tax obligations. Tax authorities allow taxpayers to deduct the donated asset at fair market value because it is treated as a non-taxable transfer.

Crypto Loans
Another smart way to reduce crypto taxes is through crypto loans. These types of loans let traders and investors borrow money using their crypto assets as collateral. This way, they don’t have to sell their assets, which helps to prevent taxable sales. However, it is essential to note that crypto loans carry risks, as they may result in liquidation if the value of the assets falls below a certain threshold.

Crypto Tax Software
The easiest way to save on Bitcoin taxes is to stay organized. Using crypto tax software like Koinly and CoinLegger is a smart way to track your transactions and minimize errors that can cost you some serious money. These tax tools automatically calculate your gains and losses while highlighting deductible expenses and crypto tax loss harvesting opportunities. They can also generate ready-to-file tax reports for different tax agencies.

You can check out our software recommendation guide for choosing the best crypto tax tools.

How to Calculate and Track Your Deductions
The first step involved in calculating your crypto tax deductions is identifying which crypto activities generate taxable income for you. This includes trading, mining, and crypto-related business operations. Once you have cleared that, the next step is to list out the expenses you incurred that are directly tied to the activities, such as electricity costs, trading fees, and gas fees. This will amount to your total deductible for the tax year.

If you don’t want to go through the stress, or crunching numbers isn’t really your thing, then you can use a crypto tax calculator to make things a lot easier and faster.

Crypto tax software can handle most of the heavy lifting, including complex activities such as DeFi, NFTs, staking, and cross-chain transactions. However, it is wise to hire a licensed professional to review your tax reports if need be.

FAQs
What qualifies as a crypto tax deduction?
Any money that you spend to earn, manage, or protect your cryptocurrencies may qualify as a tax deduction. Some examples include trading fees, network fees, and crypto tax software subscriptions, among others.

Can I deduct crypto losses?
Yes. You can use your realized capital losses to offset your capital gains, which lowers your taxable income. However, depending on your jurisdiction, you must ensure that such a loss complies with the wash-sale rule.

Are gas fees deductible?
Yes, gas or transaction fees paid during swaps or transfers qualify as deductible if they are directly related to the activities of your taxable income.

Do I need receipts for every crypto transaction?
100%. Without proof that you actually incurred expenses or losses, you cannot validate your claims of deductions or write-offs. This is why it is vital to keep receipts, invoices, and other records for the transactions you make.

Conclusion
Cryptocurrency tax rules don’t have to be confusing, and filing your taxes becomes easier once you understand how crypto tax deductions and Bitcoin tax write-offs work. Also, keeping receipts and tracking your expenses can make a huge difference when it’s time to file your taxes, and you can do this manually or with a sophisticated crypto tax tool.

And if you are unsure of how to report your earnings, you can read our crypto tax filing guide for a simple step-by-step breakdown.

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Journalist

Posted: December 1, 2025

Bitcoin [BTC] and Ethereum’s [ETH] major dip overnight left the market stunned. What triggered the decline? Is this the start of something new?

Here’s the rundown.

Bullcember? Nope

Source: TradingView

Bitcoin and Ethereum both opened December with back-to-back hourly breakdowns. BTC fell from around $86,300 to nearly $85,000 in a single hour, followed by continued bleeding toward $85,800.

The sequence shows a clear change from steady consolidation to an abrupt sell-off, with no meaningful recovery attempts on subsequent candles.

Source: TradingView

Ethereum also moved similarly. It slipped from roughly $2,825 to just above $2,806 in the first major red candle, then plunged again toward $2,820 before drifting lower.

The pattern on both charts looks like a synchronized market-wide drop, hitting both majors at the same moment and erasing hours of sideways stabilization in minutes.

Liquidation data shows the damages
Liquidation data shows how widespread the damage was.

Across the last 24 hours, traders absorbed $647.25 million in liquidations, with longs taking the biggest hit at $572.91 million. BTC alone saw $201.89 million cleared, while ETH followed with $159.20 million.

Source: CoinGlass

Other majors weren’t spared either. The “Others” category logged $73.86 million, with Solana [SOL] at $35.09 million and Ripple’s [XRP] near $15.67 million.

The single largest liquidation was an ETHUSDC position worth $14.48 million.

The 12-hour window makes the wipeout concentration obvious: $571.90 million flushed out, almost entirely from long positions.

Sell-side pressure

Source: SoSoValue

ETF data indicates a clear cooling of demand leading into the drop. Bitcoin spot ETFs saw only $71.37M in net inflows, following multiple days of heavy outflows reaching as deep as -$1.1B.

Source: SoSoValue

Ethereum ETFs also showed weakness, with long stretches of negative daily flows and assets sliding toward $19.15B.

Source: Santiment

Whale activity was elevated across both BTC and ETH, with frequent spikes in transactions above $1M. Large holders were actively moving funds, which is usually followed by volatility.

Source: CryptoQuant

In addition, Bitcoin’s exchange netflow chart shows inflows, including a major spike nearing -350K BTC. This is in tandem with price weakness around $86K.

Final Thoughts

Massive long liquidations and cooling ETF demand may have caused the sudden BTC and ETH wipeout.
Elevated whale activity and exchange inflows means there’s more volatility on the way.

December hasn't been kind to crypto so far.

Dogecoin price breaks key supports, trades below 100-hour MA, with bearish indicators signaling risk of further short-term downside.

Summary

Dogecoin price broke a key bullish trend line and several support levels, now trading below the 100-hour simple moving average.​
Price sits under key Fibonacci retracement levels, with upside capped by nearby resistance and 50% retracement of the latest decline.​
MACD is strengthening in the bearish zone and RSI is below 50, signaling momentum for potential further downside if supports break again.

Dogecoin price declined against the US Dollar, falling below key support levels and trading under the 100-hour simple moving average at 13 cents, according to market data.

The cryptocurrency broke below a key bullish trend line on the hourly chart, technical analysis showed. The decline followed broader weakness in Bitcoin (BTC) and Ethereum (ETH) markets.

Dogecoin price falls 6% in 24-hour trading
Doge (DOGE) fell through several support levels and established a new low before trading below the 23.6% Fibonacci retracement of the move from the recent swing high to that low, according to chart data. The price remained under the moving average.

Immediate upside resistance was identified near recent minor resistance levels, with first major resistance around the 50% Fibonacci retracement of the decline, technical analysts noted. A close above that level could lead to further gains toward higher resistance targets.

Continued failure to climb above those resistance levels may result in additional downward pressure, analysts said. Initial downside support was located near the recent low, with a larger support level positioned below. A break of that support could lead to further losses toward lower price levels in the near term.

Technical indicators showed the MACD gaining momentum in the bearish zone while the RSI registered below the 50 level, according to chart analysis.

Bitcoin Price crashed ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech today. The crypto market saw a massive sell-off, and BTC Price fell below $86,500, wiping out over $144 billion from the total crypto market in just a few hours. Ethereum, XRP, and Solana followed suit, pulling altcoins down with Bitcoin.

The crypto crash comes as investors brace for Powell’s remarks, scheduled for 4:00 pm ET. Traders are watching closely because his comments could impact the next move of Bitcoin and altcoins for the next few months.

Why Crypto is Crashing Today?Several factors contributed to the sell-off:

China FUD – China reaffirmed its opposition to cryptocurrencies, creating uncertainty even though it remains a top contributor to Bitcoin mining.Whales Moving to USDT – Large investors reduced exposure ahead of Powell’s speech to avoid risk.High Bitcoin Leverage – Excessive leveraged long positions triggered mass liquidations as BTC fell.Seasonal Trends – Historically, a weak November often leads into early December selling, and the typical Sunday rally failed to appear, signaling weak momentum.In just five hours, Bitcoin dropped from $91,300 to $86,300, removing roughly $99.3 billion from BTC’s circulation, while altcoins accounted for the remaining $40 billion in losses.

What Powell’s Speech Today Could Mean for Crypto?Tonight, Powell will discuss the economy, inflation, unemployment, and future monetary policy. His speech comes just as the Federal Reserve officially ends Quantitative Tightening (QT) after more than three years. Historically, the end of QT has led to rallies in crypto, stocks, and bonds.

Markets are watching for hints about:Future interest rate cutsThe potential restart of Quantitative Easing (QE)The Fed’s stance on unemployment and inflationIf Powell signals room for rate cuts, the crypto market could see a relief rally. On the other hand, if he focuses on ongoing inflation and says rates won’t be cut much, Bitcoin and altcoins could fall further.

Global economic conditions also play a role. Major economies like Japan, China, and Canada are easing monetary policies. Any alignment from the Fed could boost global liquidity expectations, with crypto often reacting first.

FED Rate Cuts Recent data suggests markets are partially pricing in a December rate cut, with odds for a 25-basis-point cut jumping to 87%. Today’s PCE, ISM, ADP, and jobless claims reports, combined with Powell’s comments, will likely determine whether that relief rally strengthens or fades.

For now, the crypto market remains on edge. December 1 could mark a turning point, setting the tone for Bitcoin and altcoins in the weeks ahead.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhy is Bitcoin crashing today?

Bitcoin is dropping due to high leverage, large investors moving to USDT, seasonal weakness, and uncertainty ahead of Powell’s Fed speech.

How does Powell’s speech affect crypto?

Powell’s comments on interest rates, inflation, and monetary policy can trigger rallies or sell-offs in Bitcoin and altcoins.

When will Jerome Powell speak today?

Jerome Powell is scheduled to speak at 8:00 pm ET, discussing the economy, inflation, unemployment, and Fed policy.

When is Jerome Powell’s next Fed meeting?

Jerome Powell’s next Federal Reserve meetings are on Tuesday, December 9, and Wednesday, December 10, 2025, to review rates and the economy.

When does Jerome Powell’s term as Fed Chair end?

Jerome Powell’s current term as Federal Reserve Chair ends in February 2026, after which a new term or successor will be determined.

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.

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Ripple, a well-known financial technology company, has received official approval to expand its payment services in Singapore. This is a strong step that could help Ripple speed up the adoption of its digital tokens, including XRP and its new stablecoin RLUSD.

However, this approval comes right after another major win in Abu Dhabi, where ADGM allowed licensed firms to use Ripple’s RLUSD.

In a recent press release, Ripple announced that Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), has approved Ripple’s expanded Major Payment Institution (MPI) license. 

This approval allows Ripple to offer more regulated payment services to businesses in Singapore and improve how money moves across borders. With this update, Ripple becomes one of the very few blockchain companies to hold such a strong and expanded license in the country.

Just a week earlier, Abu Dhabi’s Financial Services Regulatory Authority (FSRA) officially approved Ripple’s USD-backed stablecoin, RLUSD, as a regulated Fiat-Referenced Token inside the Abu Dhabi Global Market (ADGM).

Both approvals show Ripple’s strong focus on compliance and transparency while growing its payment network.

What Does the Expanded License Means?Ripple’s upgraded license will allow the company to bring more services under Ripple Payments, its end-to-end payment platform. Ripple Payments uses digital payment tokens (DPTs) like XRP and RLUSD to move money quickly across borders without the heavy operational cost normally faced by banks or fintechs.

Key advantages include:

Faster international payments are settled using digital tokens within minutes
One-time onboarding, allowing businesses to manage collection, conversion, and payout through a single provider
Easy access to digital assets without needing extra bank partners or complex infrastructureRipple says this change will make things easier for financial institutions that want to use its technology.

Ripple Leaders Praise Singapore’s Clear RulesRipple President Monica Long praised Singapore for setting one of the clearest rulebooks for digital assets. She said that when rules are simple and transparent, companies can build real products that solve real problems. 

This is why Ripple continues to follow a “regulation-first” approach, working closely with governments and banks around the world.

At the same time, Ripple’s Asia Pacific VP Fiona Murray highlighted how the region continues to lead global crypto usage, with on-chain activity rising nearly 70% in the last year.

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.

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Journalist

Posted: December 1, 2025

Monad has been one of the latest sensations in the industry, with its Coinbase initial coin offering (ICO) raising $269 million in record time.

However, speculation around Monad’s [MON] sustainability has intensified among market participants. This concern has already reflected in its short-term performance, with the token declining by 24%.

Hayes: MON will go to zero
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom, stated in a recent Altcoin Daily interview that nearly every Layer 1 token will trend toward zero over time, except Bitcoin [BTC], Solana [SOL], and Ethereum [ETH].

He specifically noted that Monad’s recent ICO success does not guarantee strong long-term performance, stating that the network could become “another bearish chain.”

Speaking about the token, Hayes added that MON could fall by as much as 99%, describing it as “another high FDV, low-float VC coin.”

He implied that insiders overvalue and tightly control the token, and will likely dump it once the locked tokens are released.

According to Hayes, the initial pump most tokens experience does not translate into long-term sustainability.

He added that many projects are simply attempting to recreate the missed opportunity of Ethereum in 2014. His bearish stance comes after a 25th of November announcement that he would close his position.

Strong tech, weak tokenomics
In response, Monad co-founder Keone Hon pushed back against Hayes’ claims, stating that Monad has launched some of the most innovative technology currently available in the market.

Hayes doubled down on his stance, arguing that the issue has nothing to do with technology, but rather weak tokenomics. He stated clearly that he does not care about the tech.

He said,

“Tell the community how you will maintain this price level with ~1% monthly inflation driven by staking rewards.”

Hayes added that real usage will drive MON’s value, especially as token unlocks occur more frequently over time.

Hayes also called on Monad to unlock all of its tokens and allow the market to move into a true price discovery phase in order to determine the asset’s real value under bullish conditions.

However, members of the crypto community pointed out that Maelstrom holds projects with locked tokens in its own portfolio, suggesting that Hayes may be taking a biased position.

Whales face the heat
Whales are now facing significant pressure as MON continues to decline, falling below its launch price of $0.0288, according to the Coinbase chart.

This drop has triggered a wave of liquidations. Two whales, who were previously in profit, reportedly lost a combined $3.23 million in the past 24 hours on Hyperliquid.

Source: Onchainlens

Because whales control a significant portion of market liquidity, their losses suggest that bearish sentiment remains strong and could push the asset even lower, with retail investors likely to suffer the most.

Final Thoughts

Arthur Hayes has warned that all Layer 1 tokens, including Monad, will eventually trend to zero, predicting a 99% drop for MON.
Liquidations are currently intensifying, with bullish investors facing the brunt of the impact.

Zach Anderson
Dec 01, 2025 08:01

OP price prediction targets $0.42 medium-term recovery if $0.37 resistance breaks, though short-term risks persist with support at $0.29 critical for bulls.

OP Price Prediction: Optimism Eyes $0.42 Recovery Despite Current Bearish Pressure
Optimism (OP) finds itself at a critical juncture as December 2025 begins, trading near its 52-week low of $0.29 after a sharp 10.32% decline in the past 24 hours. Our comprehensive OP price prediction analysis suggests a mixed outlook, with technical indicators pointing to potential recovery opportunities despite prevailing bearish sentiment across the cryptocurrency market.

OP Price Prediction Summary
• OP short-term target (1 week): $0.32-$0.34 (+10-17% from current levels)
• Optimism medium-term forecast (1 month): $0.25-$0.42 range with high volatility expected
• Key level to break for bullish continuation: $0.37 resistance zone
• Critical support if bearish: $0.29 (current 52-week low)

Recent Optimism Price Predictions from Analysts
The latest OP price prediction consensus from leading cryptocurrency analysts reveals a divided outlook. Blockchain.News maintains an optimistic Optimism forecast, projecting targets between $0.42-$0.46 for the medium term, representing potential gains of 24-41% from current levels. Their analysis emphasizes the critical importance of breaking the $0.37 resistance level to unlock this upside potential.

Conversely, more conservative predictions from CoinCodex and CoinCheckup paint a bearish picture, with OP price targets dropping to $0.25-$0.26 levels. These forecasts cite the Fear & Greed Index reading of 22 (Extreme Fear) as a primary driver for continued downside pressure. The stark contrast in these predictions highlights the uncertainty surrounding Optimism's near-term trajectory.

Bitget's analysis suggests minimal price movement with a modest $0.3025 target, reflecting the current consolidation phase. This divergence in analyst views creates both opportunity and risk for traders positioning for the next major move in OP.

OP Technical Analysis: Setting Up for Potential Reversal
Current Optimism technical analysis reveals several compelling signals that could support our OP price prediction for recovery. The RSI at 31.44 sits in neutral territory, avoiding oversold conditions that might suggest further immediate downside. More encouragingly, the MACD histogram shows a bullish reading of 0.0011, indicating early momentum shifts despite the recent price decline.

The Bollinger Bands analysis provides crucial context for our Optimism forecast. With OP trading at a %B position of 0.1190, the token sits very close to the lower band at $0.28, suggesting potential oversold conditions. The current price of $0.29 represents a critical test of this technical support level.

Volume analysis shows $9.07 million in 24-hour trading on Binance, indicating sufficient liquidity for any breakout moves. The Average True Range (ATR) of $0.03 suggests moderate volatility, providing room for significant percentage moves in either direction.

Optimism Price Targets: Bull and Bear Scenarios
Bullish Case for OP
Our bullish OP price prediction centers on a successful defense of the $0.29 support level, which coincides with both the 52-week low and the lower Bollinger Band. If this support holds, the primary OP price target becomes $0.37, representing the critical resistance level identified by multiple analysts.

A break above $0.37 would validate the more optimistic Optimism forecast, opening the path toward $0.42-$0.46 targets. This scenario requires several technical confirmations including RSI moving above 50, MACD turning decisively positive, and trading volume increasing above the recent average.

The bullish case gains strength from Optimism's position near its 52-week low, offering an attractive risk-reward ratio for long-term investors. Network fundamentals and Layer 2 adoption continue supporting the underlying value proposition.

Bearish Risk for Optimism
The bearish scenario for our OP price prediction involves a breakdown below the critical $0.29 support level. This would likely trigger stop-loss orders and technical selling, potentially driving OP toward the more pessimistic analyst targets around $0.25-$0.26.

Key risk factors include continued cryptocurrency market weakness, regulatory concerns affecting Layer 2 solutions, and technical breakdown below key moving averages. The significant distance from the 200-day SMA at $0.61 (-67.73%) indicates the severity of the current downtrend.

A break below $0.29 would invalidate our base case OP price prediction and shift focus to lower support levels near $0.25, where previous consolidation patterns suggest potential buying interest.

Should You Buy OP Now? Entry Strategy
Based on our Optimism technical analysis, the current level presents a high-risk, high-reward opportunity. Conservative traders should wait for confirmation of support holding at $0.29 before considering entry, with initial targets at $0.32-$0.34.

More aggressive traders might consider dollar-cost averaging into positions near current levels, given the proximity to 52-week lows. However, strict risk management is essential, with stop-losses below $0.28 to limit downside exposure.

The buy or sell OP decision ultimately depends on risk tolerance and investment timeframe. Short-term traders face significant uncertainty, while long-term investors may view current levels as attractive accumulation opportunities, provided they can withstand potential further volatility.

OP Price Prediction Conclusion
Our comprehensive OP price prediction suggests a critical inflection point for Optimism. The medium-term Optimism forecast remains cautiously optimistic, targeting $0.42 if key resistance levels are reclaimed. However, failure to hold $0.29 support could trigger a deeper correction toward $0.25 levels.

Key indicators to monitor include RSI movement above 40 for bullish confirmation, MACD signal line crossover, and most critically, whether OP can establish sustainable trading above $0.32. The next 7-10 days will likely determine whether the current level represents a bottom or a pause in the broader downtrend.

Confidence Level: Medium - The technical setup provides clear levels to monitor, but broader market sentiment remains a significant variable that could override individual token analysis.

Image source: Shutterstock

op price analysis
op price prediction

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Sony Bank is set to join the likes of Ripple and Circle in launching a U.S.-dollar-pegged stablecoin. This coin is intended to power payments across the Sony global entertainment ecosystem.

Sony Bank Readies Launch of US Dollar Stablecoin by 2026
According to Nikkei, the bank plans to issue a U.S.-based stablecoin as early as fiscal 2026. The digital currency will be integrated into Sony Group’s gaming, streaming, and anime platforms. This would enable consumers to pay for subscriptions and content without relying on credit cards.

In October, Sony Bank applied for a U.S. banking license to launch its product. They will also set up a local branch to handle issuance and compliance. The bank has also partnered with Bastion, a U.S. provider of stablecoin infrastructure.

Sony Group sees the move as a way to simplify digital commerce across PlayStation. This will essentially reduce the fees it currently pays to card networks. 

During the fiscal year, over 30% of Sony’s global revenue came from the U.S. This makes American consumers important for the early adoption of the stablecoin. This move is possible thanks to the GENIUS Act being passed into law.

Also, Sony Financial Group, which has just been listed on the Tokyo Stock Exchange, said they will support the rollout despite its recent corporate separation from Sony Group. 

Meanwhile, the proposal has already raised concerns among US banking groups.  The Independent Community Bankers of America (ICBA) says the coin looks like a standard deposit product but does not have FDIC insurance. They warn it could put consumers at unnecessary risk.

The ICBA argued that the stablecoin could work like a checking account under a trust charter which current regulations do not allow. The organization also said that Sony Bank has not fulfilled all the regulatory requirements that domestic financial institutions must meet.

Stablecoin Adoption Keeps Expanding in Institutions
Stablecoin has been a new trend that institutions now adopt for their business. In October, Western Union announced its plans to launch its own U.S.-dollar token. The coin will be built on the Solana blockchain and be called the U.S. Dollar Payment Token (USDPT). They’re looking toward a release sometime early in 2026.

Across the Atlantic, nine major European banks are plan to issue a euro-backed stablecoin under full MiCA compliance in 2026. These banks individually control more than $600 billion in assets.

In the U.S., Wyoming launched the Frontier Stable Token, FRNT. They became the nation’s first state entity to issue its own stablecoin. FRNT is live on seven blockchains, including Ethereum and Solana.

Is it another 'sell-the-news' type of day?

Another month has started on a similar note as the previous, with the cryptocurrency market bleeding heavily, and nearly $200 billion leaving the space in less than 12 hours.

There seems to be no actual catalysts behind the latest crash, aside from over-leveraged market participants. Nevertheless, some altcoins have been hit worse than others, such as Ripple’s XRP.

While ETH is down by less than 6% daily and BNB has slipped by 5%, XRP has dropped by 7% and dipped to $2 earlier today on most exchanges. As a result, the cross-border token has dipped to a major buy wall serving as a support that managed to hold its free falls in the past.

The buy wall for $XRP exist since $2 pic.twitter.com/wSe6hOFF8e

— CW (@CW8900) December 1, 2025

Interestingly, today’s price decline follows similar movements when spot XRP ETFs were supposed to launch. Recall that the underlying asset plunged after the first such product, released by Canary Capital, hit the US markets in mid-November despite its record-breaking debut day.

Bitwise’s XRP was also impressive on day one, but the token plunged once again, albeit in line with the rest of the cryptocurrency market.

Consequently, many speculate whether today’s expected launch of 21Shares’ spot XRP ETF, which will track the CME CF XRP-Dollar Reference Rate, is another classic sell-the-news event.

You may also like:

Why CoinShares Just Quit the $600M XRP and SOL ETF Battle

Binance XRP Reserves Sink to All-Time Low: Good or Bad for Ripple’s Price?

Ripple (XRP) Open Interest Crashes to 1-Year Low: Here’s What It Means

They have to try and ruin every XRP ETF launch day 🤣🤣 pic.twitter.com/1QGcpe2Mcw

— Cobb (@Cobb_XRPL) December 1, 2025

The four XRP ETFs already live for trading have attracted over $660 million in total net inflows since the first one launched a few weeks ago. XRPC remains the biggest of the bunch, with more than $340 million in cumulative netflows, followed by Bitwise’s XRP, Franklin’s XRPZ, and Grayscale’s GXRP.

The drop to $2.04 as of press time means XRP trades further in the red on the YTD scale, having entered 2025 at $2.32. This sort of performance is in stark contrast to the year the company behind the token had, which is arguably its best ever.

Tags:

Spot ether ETFs saw $1.42 billion exit the funds last month, marking their largest monthly outflow to date.

MegaETH has canceled its plan to raise $1 billion after a surge of technical issues arose during its pre-deposit event. The team said the issues created a poor user experience and made the process unfair for many people.
MegaETH said in its update that no funds were ever at risk. Still, it will open a withdrawal page, allowing users who want their money back to proceed.

What Went Wrong During the Sale
MegaETH explained the setup behind the sale. The pre-deposit website sent user information to Sonar, a service that checks KYC details. The pre-deposit contract managed sale times and caps. A Safe multisig wallet controlled all changes. Only deposits with valid signatures were allowed.

https://t.co/hL0iIM0c3A

— MegaETH (@megaeth) November 25, 2025

But several problems surfaced at once.

The first issue was a mismatch in the SaleUUID. This is a key value that connects the contract to Sonar. Because the value was wrong, many early transactions failed. Fixing it required a multisig update, which slowed everything down.

Next, Sonar faced trouble. Its rate limit was set too low. Heavy traffic caused checks to fail, so users could not deposit. The team said it took more than 20 minutes to find and fix the mistake.

When the servers recovered, the sale opened at a random time for fairness. But people refreshing the page quickly filled the original $250 million cap within moments.

Nice😆

MegaETH pre-deposit cap raise cancelled pic.twitter.com/eO3XxsIaWY

— Airdrop Official 🦇🔊 (@its_airdrop) November 25, 2025

The Failed Move to a $1B Cap
MegaETH then planned to raise the cap to $1 billion at the next hour. But the upgrade happened early because anyone can execute a multisig transaction once enough signatures are in place.

The sudden jump caused confusion. Some users saw the new window, while others did not. The team tried to limit the raise to $400 million, then $500 million. By the time the transactions were processed, the cap was already hit.

We’ve decided to return all funds raised from the Pre-Deposit Bridge.

Execution was sloppy and expectations weren’t aligned with our goal of preloading collateral to guarantee 1:1 USDm conversion at mainnet.

How this decision impacts you:

— MegaETH (@megaeth) November 27, 2025

With KYC bugs still blocking some users, MegaETH canceled the $1 billion extension.

What This Means for the Market
MegaETH says it will continue to review what happened and provide a new plan. The failure highlights how scale and user pressure can expose weak points in blockchain launches. Traders now wait to see how MegaETH recovers and rebuilds trust. Recall that MegaETH launched USDM stablecoin with pre-deposit bridge in late November

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.

Ripple won approval from Singapore's central bank to expand regulated payment services for banks and corporates.

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Charles Hoskinson has drawn a firm line under one of Cardano’s longest-running controversies, declaring that the allocation of Genesis ADA to Input Output (IO) and EMURGO was private profit for early risk, not a community-controlled pool to be repurposed for new initiatives.

Cardano Founder Closes Door On Genesis ADA Criticism
In a November 30 livestream titled “Genesis ADA,” the Cardano founder called the topic “a closed matter” and rejected renewed calls to use Genesis ADA for current integrations such as oracles and stablecoin issuers.

“The Genesis ADA is profit for services rendered taking a risk, doing an activity and building an ecosystem,” he said. “It was a deal between us and the primary buyers of ADA, the Japanese who put up the initial wave of capital to get it done […] Those are the people that mattered in that transaction and every single one of them has been made whole.”

Hoskinson walked through the original funding structure: a Japanese crowd sale that raised about $72 million, converted into bitcoin, and a “tripartid” model comprising the Cardano Foundation (governance), EMURGO (commercialization) and IO (protocol development). Based on the crowd sale pricing, IO’s Genesis ADA allocation was worth around $8 million at the time.

“For the vast majority of the early days of Cardano, the Genesis ADA sat around 4 to 8 cents in value,” he said, arguing that the founding entities accepted extreme risk — regulatory, technical and reputational — in exchange for that upside. “To say that somehow we don’t deserve what we’ve gotten when what we got was about $8 million for delivering a $15 billion ecosystem, it’s a statement made of a Twitter mob with no basis in reality.”

He framed the core objection as a misunderstanding of the original terms. If the community now insists that 100% of Genesis ADA must be spent, he argued, “then where was the profit for taking the risk?” He listed Japan and US regulatory exposure, the possibility of protocol failure, insider and outsider security threats, and potential civil or even criminal liability in the early days.

“Let’s be very clear here,” he added. “99.9% of cryptocurrency ventures fail. Cardano is one of only a handful like XRP and Ethereum that have survived over the last 10 years and has value greater than $10 billion […] For a little over $40 million, a 10 plus billion dollar ecosystem has been created that at one point reached over a hundred billion dollars of value […] By any measurement, this has been an overwhelming success.”

Hoskinson also pushed back hard against the idea that IO and EMURGO should function as de facto public utilities whose entire balance sheets exist for Cardano’s “common good.”

“The books of my company and the books of EMURGO as private companies are none of the concern or business of the community as a whole,” he said. “We owe you nothing but the work we promise to do and will continue to do if you so choose. Those are the terms and conditions.”

He contrasted demands to forfeit profits with the existence of an already sizable on-chain treasury. “Demanding that whatever profit or revenue that we’ve made over the last 10 years be forfeited for a greater good while the community sits on a more than billion ADA treasury […] is a pretty absurd thing,” he said, noting that the treasury mechanism itself was part of the original design he proposed.

Why The Debate Now?
The immediate flashpoint is a joint request for 70 million ADA from the treasury to fund a package of integrations, including providers such as Pyth, RedStone and Circle. Some critics have argued that such work should be paid from Genesis holdings instead. Hoskinson called that retroactive expectation “pretty absurd” given that those companies “didn’t even exist at the time.”

He stressed that the 70 million ADA “will not cover the total fee of all the integrations” and that IO, the Midnight Foundation and others will “have to put skin in the game” because they are large ADA and KNIGHT holders who want to see yield on those assets.

Framing the broader governance vote, Hoskinson presented the current moment as a 2026 “reset” from the original tripartite structure to a new “pentad” executive layer involving EMURGO, the Midnight Foundation, the Cardano Foundation, IO and Intersect. The goal, he said, is to coordinate strategy and negotiations with “some of the largest most predatory and aggressive companies in this industry,” where Cardano must “speak with one voice” to secure key deals.

“The Genesis ADA is a closed issue. You have seen the end results of it and we have all moved on as founding entities,” he concluded. “We now have to decide, do we want to do something new and different […] and put a new structure for 2026 so that we can build the necessary infrastructure for the DeFi ecosystem? Or don’t we? It’s just that simple.”

At press time, ADA traded at $0.38.

ADA falls below another key support zone, 1-week chart | Source: ADAUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

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Silver, the commodity metal that has awakened from a five‑decade slumber, has breached $58 for the first time and is once again making headlines. Analysts say the rally may have room to continue, as demand is poised to grow while supply remains constrained.

ZEC broke down below $360, sliding along with the rest of the crypto market.

With shares trading 10% off their record high, investors are looking to buy the dip.

Without question, Amazon (AMZN +1.77%) is one of the world's most dominant companies. A culture that obsesses over the customer has resulted in a tech titan that has a strong position in multiple industries. And the shares have done remarkably well, rising 579% in the past decade, as of Nov. 26.

This tech stock trades 10% below its peak as I write this. Should you buy Amazon before 2026?

Image source: Amazon.

Amazon is almost impossible to disrupt
Amazon has multiple durable competitive strengths that make up its economic moat. Its online marketplace, for instance, benefits from a network effect. Also, merchants, as well as Amazon Web Services customers, must deal with switching costs, discouraging them from using rivals' offerings. And Amazon's massive scale gives it a tremendous cost advantage, like with its logistics footprint allowing for fast and sometimes free delivery. And the company's brand name is highly regarded.

All of these factors make Amazon a business that's almost impossible to disrupt.

Today's Change

(

1.77

%) $

4.06

Current Price

$

233.22

The stock's valuation looks reasonable
Historically, Amazon has been a wonderful stock to own. But even after such a monumental gain, the current valuation is enticing. Shares trade at a forward price-to-earnings ratio of 29.

Investors looking to add a dominant business to their portfolios would be wise to take a closer look at Amazon before the calendar turns to 2026.

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.

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