A coalition of over 65 crypto firms, led by the Solana Policy Institute, has addressed a letter to U.S. President Donald Trump, calling for immediate executive action to clarify digital asset regulations and push forward crypto-friendly tax and enforcement policies through federal agencies. Summary Over 65 crypto firms have urged President Trump to direct federal…
Bitcoin price tanked to a 7-month low of nearly $85,000 on Friday as investors holding long positions were caught off guard by a sharp selloff, while outflows from its spot ETFs continued to add pressure. Summary Bitcoin price fell below $86,000 during Asian trading hours on Friday. Over $443 million in long liquidations across Bitcoin’s…
Aster price appears to be entering a potential early reversal phase, with fresh buybacks and a new listing shifting sentiment amid difficult week for the wider market. Summary A rounded bottom structure is forming as Aster rebounds from lower Bollinger levels. Buyback and Coinbase listing news has improved confidence. Technical indicators are largely constructive, but…
Crypto prices today (Nov. 21): BTC falls to $85K, ETH, XRP, SOL dip amid $950M in liquidations
Bitmine continues its Ethereum buying spree while chairman Tom Lee warns that crypto markets are still struggling with weak market maker liquidity. Summary Bitmine’s latest ETH purchase strengthens its push to build one of the largest corporate crypto treasuries. The firm continues buying through OTC desks during market volatility, leaning on equity raises and staking…
Shiba Inu has introduced a cryptocurrency debit card in collaboration with Bitget Wallet, according to an announcement from the project, marking an expansion of the token’s payment utility. Summary Coinbase has launched Ethereum-backed loans for eligible U.S. users (excluding New York). The service allows borrowers to access up to $1 million in USDC without selling…
Numerai — the San Francisco hedge fund that looks more like a sci-fi lab than a Wall Street operation — has raised $30 million in Series C funding, the company announced. Summary Numerai scored backing from university endowments and existing investors like Union Square Ventures and Paul Tudor Jones. The AI-driven hedge fund now marches…
Analysts at JPMorgan warn that more than 20% of Strategy’s market cap sits in passive indices, which are now threatening to delist it. Summary Michael Saylor’s Strategy could lose $2.8 billion if MSCI removes it from its passive indices The Bitcoin treasury firm could lose a further $8.8 billion out of its $50 billion market…
Investors are scaling back on risk assets amid declining hopes that the Federal Reserve will cut rates before the end of the year. Summary The crypto market crash affected most major crypto assets. The likelihood of December rate cuts has fallen to just 33%. Bitcoin could fall to 75,000 if macro conditions further worsen The…
Tokyo-listed Metaplanet plans to issue Class B perpetual shares worth $135 million to expand its Bitcoin reserves. Summary Metaplanet announced issuing about $135 million in shares to buy Bitcoin Class B shares will have no voting rights, but will have redemption at listing The firm currently owns 30,823 Bitcoin, worth about $2.69 billion As corporate…
