Author: John Smith
The crypto market extended its downturn for a third straight day on Friday, Nov. 14, weighed down by mounting macroeconomic headwinds and Bitcoin’s drop below the $100k psychological support level. Summary The crypto market has shed $130 billion in value over the past 24 hours. Investor demand for cryptocurrencies remains muted amid macro uncertainty in the aftermath of the longest U.S. government shutdown. Over $1 billion in liquidations, led by long positions, have added to the downturn. Over the past 24 hours, the total cryptocurrency market cap dropped 3.8% to $3.42 trillion, wiping out nearly $130 billion in value, and…
Fanatics, a sports merchandising and collectibles giant, is reportedly mulling an entry into the predictions market in partnership with Crypto.com. Summary Fanatics is reportedly exploring a potential partnership with Crypto.com to foray into the prediction market. The Companies are in early stages of discussion, and an official announcement is yet to be made. According to a Financial Times report, the plans for a potential collaboration between the two are still in early stages and could change depending on how discussions unfold, as per information from unnamed sources. Fanatics is a sports-focused retail and technology company that also operates in collectibles…
The crypto market continued its crash last week, with the total valuation of all tokens plunging to $3.24 trillion from over $4.27 trillion a few weeks ago. Summary The crypto market crash has accelerated in the past few months. Bitcoin and most altcoins have all moved to a bear market this year. A recovery will depend on the upcoming Nvidia earnings and the FOMC minutes. Ethereum (ETH) and Bitcoin (BTC) prices have dropped in the last three consecutive weeks, and are now in their lowest level in months. The crypto market cap has also plunged in the last three straight…
Ethereum price crashed to an important support level as its open interest slipped and exchange-traded funds outflows accelerated. Summary Ethereum price has crashed by 35% from its highest level this year. The supply of exchanges has been in a strong freefall in the past few months. Ether has formed a small double-bottom pattern on the daily timeframe. Ethereum supply on exchanges has dropped Ethereum (ETH) token dived to the key support at $3,060, down by 35% from its highest point this year. It has moved to the lowest level since July 16 as the crypto bear market accelerates. ETH price…
Teresa Goody Guillén, Changpeng Zhao’s personal attorney, denied pay-to-play allegations surrounding the Binance founder’s presidential pardon. Summary CZ’s attorney says pay-to-play allegations are baseless and fueled by unverified reports. Guillén stresses CZ faced regulatory charges only, with no fraud, victims, or laundering. Attorney rejects claims linking CZ’s pardon to Trump-related crypto ventures. In a podcast interview with Anthony Pompliano, Guillén addressed critiques linking the pardon to Binance’s dealings with World Liberty Financial and other Trump-connected entities. Guillén explained that Zhao, aka CZ, was charged with Binance’s failure to implement anti-money laundering compliance programs, not money laundering itself. “This is a…
BitMEX co-founder Arthur Hayes transferred $2.5 million worth of Ethereum and ecosystem tokens to institutional market makers including Flowdesk, FalconX, and Wintermute. Blockchain analyst EmberCN reported the moves and questioned whether Hayes is selling assets to add to his Zcash position. Hayes has been vocal about his ZEC (ZEC) holdings during the recent privacy coin rally. On November 15, he posted, “This chart is just so strong I aped more. $ZEC” on X and suggested that he increased his position after the token’s 700% surge since October. X post by analyst EmberCN Arthur Hayes transfers ETH and ecosystem tokens worth…
Iran is pushing forward with plans to adopt cryptocurrencies for international trade settlements as a way to circumvent U.S. and U.N. sanctions. Summary Iran advances crypto-based trade plans after sanctions return, calling it essential. Officials frame digital currencies as a required workaround to restricted payment rails. Industry leaders warn Iran’s unclear crypto rules threaten adoption and infrastructure. The strategy was shared at the deBlock Summit, Iran’s first government-backed international blockchain conference, where officials called digital currencies a necessity for the sanctions-hit economy. The move comes after France, the U.K., and Germany triggered a ‘snapback mechanism’ in August 2025 that restored…
The AVAX price has crashed to a crucial support level after falling by 72% from its highest point in November as traders wait for the upcoming Avalanche Granite upgrade. Summary Avalanche price has tumbled to a crucial support level this month. The network will activate the Granite upgrade this week. Technical analysis suggests that it has more downside if it loses this support. Avalanche to activate Granite upgrade Avalanche (AVAX) token was trading at $15.67, a key support it has failed to move below several times since March this year. Its plunge from its highest point in November has brought…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. There’s a funny thing about progress: it doesn’t always look like progress. Every year, new blockchains launch with sleeker branding, faster confirmation times, and bold promises to “finally fix” what came before. Each chain introduces its own tooling, fee structures, and communities. Instead of forming a unified global network, these ecosystems feel siloed, leaving users and enterprises constantly second-guessing whether they’re following the correct procedures. Summary Despite faster and sleeker new chains, developers are split across ecosystems,…
Ethereum price continues to weaken as long-term holders sell at their fastest pace since 2021, putting steady pressure on ETH market sentiment. Summary Ethereum price is sliding as long-term holders increase daily sell pressure Futures data from CryptoQuant shows net taker volume is still negative, suggesting buyers have not regained control. Technical indicators and moving averages remain aligned to the downside, maintaining bearish trend. Ethereum is trading near $3,211, down 10% in the past 24 hours. The price has fallen 4% over the week and 21% in the past month, leaving it about 35% below the August high of $4,946.…