Trump's Pick to Run CFTC, Selig, Tells Senators Crypto a 'Critical Mission' At Agency
Mike Selig, President Donald Trump’s nominee to chair the Commodity Futures Trading Commission, testified before the Senate Agriculture Committee, emphasizing that crypto regulation will be a top priority. He pledged to create a framework that supports software developers and new exchanges while ensuring investor protection and robust disclosure standards. Selig, a former SEC crypto task‑force official, is poised to replace Acting Chair Caroline Pham, potentially becoming the sole commissioner on a five‑member panel, which could streamline decision‑making but raise concerns about legal vulnerability. His remarks also touched on the nuanced approach needed for decentralized finance, suggesting regulation should focus on on‑chain markets rather than every blockchain‑based application.
Crypto Leverage Hits Record High in Q3 as DeFi Dominance Reshapes Market Structure: Galaxy
Galaxy Digital’s Q3 report shows crypto‑collateralized borrowing surged to a record $73.6 billion, with on‑chain DeFi loans accounting for 66.9% of the total and hitting an all‑time high of $41 billion—a 55% jump from the previous peak. Centralized lenders grew 37% to...
AI Agents Need Identity and Zero-Knowledge Proofs Are the Solution
AI agents lack verifiable identity, creating a trust deficit that hampers their deployment in finance and other sectors. Evin McMullen argues that zero‑knowledge proofs (ZKPs) can let both humans and AI prove credentials—such as age, regulatory compliance, or ethical training—without...
Coinbase Debuts DEX Trading in Brazil as ‘Everything App’ Vision Grows
Coinbase has launched decentralized exchange (DEX) trading for Brazilian users, expanding token access from a few hundred to potentially millions within the Coinbase app. The feature routes trades through platforms such as Uniswap and Aerodrome, offers fee‑free network transactions, and...
ICP Softens as Failed Breakout Above $5.17 Shifts Market Back Into Consolidation
Internet Computer (ICP) price softened after failing to break above the $5.17 resistance level, erasing gains from Monday’s rally. Heavy trading volume at the key resistance signaled exhaustion, pushing the token back toward its short‑term support zone. The move suggests...
BONK Extends Slide as Key Support Break Raises Prospect of Further Downside
BONK token fell to $0.00001006, breaking the $0.00001032 support level that had anchored recent short‑term consolidation. Trading volume surged to 1.06 trillion tokens, more than double the recent average, with additional spikes of 28.6‑32.1 trillion tokens as the price approached...
Winklevoss-Backed Cypherpunk Buys $18M More Zcash, Bringing Holdings to $150M
Cypherpunk Technologies, the digital‑asset treasury firm backed by Gemini founders Cameron and Tyler Winklevoss, announced an $18 million purchase of 29,869 Zcash tokens at an average price of $602.63, raising its total ZEC holdings to 233,644 tokens valued at roughly $150 million....
Bullish Swings to Profit in Third Quarter After Adding Options, U.S. Spot Trading
Bullish (BLSH), the crypto platform behind CoinDesk, posted a third‑quarter profit of $18.5 million, or $0.10 per share, reversing a $67.3 million loss a year earlier and beating analysts’ EPS expectations. The turnaround was driven by the launch of U.S. spot trading...
Apex Group Said to Buy Broker Dealer Globacap for U.S. Tokenization Push
Apex Group Holdings is reportedly in advanced talks to acquire Globacap, a London‑based broker‑dealer and alternative trading system that operates in the United States under FINRA and SEC oversight. The deal would give Apex a regulated U.S. platform to issue...
Hyperliquid Unveils HIP-3 Growth Mode, Slashing Fees by 90% to Boost New Markets
Hyperliquid has rolled out HIP-3 growth mode, a permissionless market‑deployment feature that cuts all‑in taker fees by more than 90% for new assets. Fees drop from the standard 0.045% to as low as 0.0045%‑0.009%, with further reductions for top‑tier stakers,...
DeFi Insurance Alternative Nexus Mutual Integrates Restaking Specialist Symbiotic
Nexus Mutual, the decentralized insurance protocol, announced a partnership with Symbiotic, a specialist in restaking services, to launch a new class of underwriting vaults. These Symbiotic vaults will act as a reinsurance layer, providing additional capital and risk mitigation for...
From $140K Call to $85K Put: Bitcoin Positioning Reverses Completely
Bitcoin options on Deribit have swung from a bullish to a bearish stance as the cryptocurrency fell more than 25% to $91,000 since Oct. 8. Open interest in the $140,000 call dropped to $1.63 billion, while the $85,000 put surged to $2.05 billion,...
Kraken Scores $800M Raise Backed by $200M Citadel Securities Investment
Kraken has secured an $800 million financing round, including a $200 million investment from market‑making firm Citadel Securities, valuing the crypto exchange at $20 billion. The capital, led by institutional investors such as Jane Street and DRW VC, will fund Kraken’s push to...
'Permissionless Assets’: Robinhood’s 3-Phase Tokenization Plan to Disrupt TradFi
Robinhood is executing a three‑phase roadmap to tokenise equities and eventually create a permissionless financial ecosystem. Phase 1 launched a tokenised stock offering in the EU, covering about 800 securities but keeping the tokens locked inside Robinhood’s app. Phase 2 will leverage...
Canada Approves Budget That Advances Policy for Stablecoins
Canada’s federal budget, narrowly approved by Parliament, embeds a new stablecoin regulatory framework that designates the Bank of Canada as the supervisory authority. The rules require issuers to hold one‑to‑one reserves in Canadian dollars or high‑quality liquid assets, prohibit any...
Sen. Warren Keeps Pressure on Trump Crypto Ties as Market Structure Bill Negotiated
Senators Elizabeth Warren and Jack Reed sent a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi demanding information on President Donald Trump’s affiliate, World Liberty Financial Inc., after reports that the firm sold tokens to sanctioned entities...
Cloudflare Outage Sends Shockwaves Through Crypto, Renewing Push for DePIN
Cloudflare suffered a major outage on Tuesday that knocked out thousands of websites and applications, including key crypto platforms such as BitMEX and the Telegram‑linked Toncoin, as well as mainstream services like X and ChatGPT. The disruption highlighted the fragility...
Bitcoin Gains Tuesday as Traditional Markets Slump in Rare Occurrence of Crypto Outperformance
Bitcoin rebounded to about $93,500 on Tuesday, gaining roughly 1% after briefly slipping below $90,000, while U.S. equities continued to slide, with the Nasdaq down 1.1% and gold off 0.3%. The rally extended to altcoins, which posted 2.5%‑4% gains, and...
U.S. Regulator OCC Clarifies How Banks Can Handle Network 'Gas Fees'
The Office of the Comptroller of the Currency issued interpretive letter No. 1186, confirming that U.S. national banks may hold cryptocurrency on their balance sheets to cover anticipated blockchain “gas fees.” The guidance permits banks to retain digital assets needed for...
Société Générale’s SG-FORGE Issues First Tokenized Bond in U.S.
Société Générale’s crypto arm SG‑FORGE completed its first U.S. digital bond issuance, a short‑term SOFR‑linked security tokenized with Broadridge’s platform and run on the privacy‑enabled Canton Network. The bond was purchased by trading firm DRW, with BNY Mellon acting as paying agent...
Bitcoin Sell-Off Likely 'Complete', Rally Into Year-End Still in Play: StanChart Analyst
Standard Chartered’s digital‑asset head Geoffrey Kendrick says Bitcoin’s recent steep decline – a roughly 30% pullback that has taken the price from its $126,000 peak to just under $93,000 – is likely nearing its end, marking the third correction of...
Revolut Enlists Polygon for Stablecoin Remittances in UK and EEA
Revolut has partnered with Polygon Labs to launch stablecoin remittances on the Polygon blockchain for customers in the UK and non‑EU EEA, adding USDC, USDT and POL to its app. The integration, live since December 2024, has already processed more...
Obex Raises $37M to Build 'Y Combinator' For RWA-Backed Stablecoins, Led by Framework, Sky
Obex, a new crypto incubator backed by Framework Ventures, LayerZero and the Sky ecosystem, raised $37 million to launch a Y‑Combinator‑style program for real‑world‑asset‑backed stablecoins. The 12‑week accelerator will target early‑stage projects that collateralize compute credits, energy assets and large‑fintech loans,...
CoinDesk 20 Performance Update: Solana (SOL) Rises 5.8%, Leading Index Higher
Aptos (APT) was also a top performer, gaining 5.3% from Monday.
Bitcoin Hashprice Falls to Five-Year Low
Falling revenue and record difficulty could tighten the squeeze on bitcoin miners, though many are more driven by their AI infrastructure initiatives.
Fidelity Introduces FSOL ETF, Bringing Major Wall Street Name to Solana Funds
The firm’s staking-enabled Solana fund debuts as inflows into early SOL products accelerate.
Tether Invests in Ledn to Expand Bitcoin-Backed Lending Amid Surging Demand
The stablecoin issuer's investment comes as BTC-backed lending scales rapidly, with Ledn surpassing $1 billion in originations this year and positioning for global expansion.
Cloudflare Global Outage Spreads to Crypto; Multiple Front Ends Down
A widespread Cloudflare outage disrupted major parts of the internet on Tuesday, knocking many crypto platforms offline.
Bonds Hint at Rebound: Crypto Daybook Americas
Your day-ahead look for Nov. 18, 2025
Crypto Markets Today: Fear Grips Market as BTC Tests Support, Volatility Spikes
Bitcoin hovered near $91,000 as sentiment hit "extreme fear," volatility jumped and leveraged traders absorbed over $1 billion in liquidations while altcoins fell further.
Bitcoin Correction Mirrors April Drop as 2025 Buyers Fall Into the Red
Market drawdown pushes bitcoin below 2025 key cost basis levels.
Deutsche Börse to Add SocGen’s MiCA Stablecoins to Core Market Systems
Deutsche Börse Group announced that it will integrate Societe Generale‑FORGE’s CoinVertible euro and dollar stablecoins into its post‑trade infrastructure, including the Clearstream settlement platform. The first phase will test the tokens as settlement assets for securities, collateral workflows and treasury functions, with...
Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars
BlackRock's spot Bitcoin ETF (IBIT) recorded a record $1.26 billion net outflow in November, the largest monthly redemption since its launch in January 2024. The ETF's price fell 16% to $52, a level not seen since April. The outflows are part of...
Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets
Mastercard announced a partnership with Polygon to launch its Crypto Credential system, enabling users to send crypto to verified, human‑readable usernames instead of long wallet addresses. Identity‑verification firm Mercuryo will issue these aliases and link them to self‑custody wallets, while...
Bitcoin Dominance Is Bleeding With Price, but Market Observers Say Altcoin Season Is on Hold
Bitcoin’s price fell about 16% this month, dragging its market‑cap dominance from 61.4% to 58.9%, but the decline appears driven by a broad deleveraging rather than a rotation into altcoins. Altcoins such as ETH, ADA, DOGE and SOL posted deeper...
Dogecoin Eyes Rebound After Multi-Year Trendline Break Tests $0.15 Floor
Dogecoin slipped 5% from $0.161 to $0.153, breaking a multi‑year ascending trendline and triggering a volume surge of 168% above average, a pattern typical of institutional‑driven selling. Whale cohorts accumulated roughly 4.72 billion DOGE (about $770 million) over the past two weeks,...
Mt. Gox Moves $956M Worth of BTC As Prices Tank
Mt. Gox transferred roughly 10,608 BTC—valued at about $950 million—to a new wallet on Monday, with a smaller tranche of 185.5 BTC routed back to its hot wallet. The exchange still controls approximately 34,689 BTC, worth near $3.1 billion, across multiple addresses. Historically,...
What Next For Bitcoin as BTC RSI Flashes Oversold Signal?
Bitcoin slipped below $90,000 on Tuesday, a 28% drop from its recent $126,000 peak, pushing the 14‑day relative strength index (RSI) beneath the 30‑point oversold threshold. The oversold reading mirrors a similar signal in late February that preceded a slowdown...
DappRadar Shuts Down, Citing ‘Financially Unsustainable’ Market
DappRadar, the leading analytics platform for on‑chain activity since its 2018 launch, announced on X that it will cease operations, citing a financially unsustainable market environment. The service, which tracked NFT markets, DeFi flows and dozens of blockchains, said it...
Figure Stock Jumps as Druckenmiller Invests $77M, Analysts Raise Price Targets
Figure Technologies’ shares surged up to 15% after billionaire Stanley Druckenmiller disclosed a $77 million stake, roughly 2.1 million shares representing 1.9% of his portfolio. Analysts at Bank of America, Mizhou and Piper Sandler lifted price targets, pointing to the firm’s shift...
Trump’s Maldives Hotel Will Be a Tokenized Real Estate Project
The Trump Organization, in partnership with Saudi developer Dar Global, announced that the Trump International Hotel Maldives will be tokenized, allowing investors to purchase digital shares in the luxury resort during its early development. The resort, slated to open by...
High-Stakes Gambler Liquidated for $168M After Shorting the Bottom of Crypto Plunge
A high‑stakes crypto gambler was liquidated on HyperLiquid after a $168 million leveraged short‑bet on Bitcoin, XRP, ZEC and other assets, wiping out $5.5 million as prices bottomed. Undeterred, the trader immediately opened additional short positions worth $115 million on the GMX decentralized...
Bitcoin Accumulation Amid Market Weakness? Sharp Rise in 1K BTC Holders Suggests So
The number of entities holding at least 1,000 BTC rose to 1,436 this week, bucking the 2025 trend of net selling by large holders as Bitcoin slipped below $100,000. Glassnode’s Accumulation Trend Score shows whales (>10,000 BTC) moving from heavy distribution to...
Internet Computer Slides as Break Below $5.00 Reinforces Bearish Technical Shift
Internet Computer (ICP) fell 5.57% to $4.8119, breaking the psychologically important $5.00 level and extending its pullback from November highs near $9.50. Trading volume surged to almost double its daily average, with intraday attempts to hold near $4.70 suggesting a...
Figment, OpenTrade and Crypto.com Offer 15% Stablecoin Yield Product for Institutions
Figment, OpenTrade and Crypto.com have launched a stablecoin yield product for institutional investors that promises roughly 15% annual returns. The strategy stakes Solana (SOL) and employs perpetual futures to neutralize SOL price volatility, allowing investors to earn staking-like yields on...
DeFi Lender Aave to Roll Out Retail Crypto Yield App on Apple’s App Store
Aave, the leading DeFi lending protocol, is launching a consumer‑focused yield app on Apple’s App Store that promises up to 6.5% annualized returns. The app will accept deposits from bank accounts, debit cards or stablecoins and offers balance protection for...
Short-Term Holder Bitcoin Supply in Loss Climbs to Highest Level Since FTX Collapse
Short‑term Bitcoin holders now have about 2.8 million BTC in loss, the deepest underwater position since the FTX collapse of late 2022. The loss stems from purchases made after June 15, when BTC was around $104,000, while the price is now roughly 25 %...
Africa Embraces Stablecoins Via IOTA to Unlock $70B Pan-Continent Trade Tech
The African Continental Free Trade Area Secretariat and the IOTA Foundation have launched the Africa Digital Access and Public Infrastructure for Trade (ADAPT) initiative, backed by the Tony Blair Institute and the World Economic Forum, to embed USDT stablecoin settlements...
1inch Unveils Protocol Letting Multiple DeFi Strategies Share the Same Capital
1inch has launched Aqua, a liquidity protocol that creates a shared liquidity layer allowing a single wallet’s assets to be used across multiple DeFi strategies simultaneously without locking funds. The protocol lets liquidity providers authorize tokens for various strategies—such as...
Delayed U.S. Jobs Report, Zcash Network Upgrade: Crypto Week Ahead
The week of Nov. 17 features a slate of crypto network upgrades—including Zilliqa’s 0.19.0 launch, Firo’s hard‑fork, Avalanche’s Granite upgrade, and Zcash 6.1—alongside key governance votes from Convex Finance, Extra Finance DAO, and Usual DAO. Macro headlines include the delayed U.S. September...