Author: John Smith
Ethereum price is breaking through major support levels, falling below key high-time-frame zones and signalling increasing downside pressure that may mark the early stages of a deeper bearish cycle. Summary ETH now sits inside a lower trading range with weakened momentum Any bounce is likely to form a lower high within the downtrend Market structure suggests further downside toward the $2,100 support zone Ethereum’s (ETH) price action has entered a decisive phase as the market breaks beneath major structural support zones that once anchored bullish momentum. With Ethereum now trading below the $3,500 region, several high-time-frame levels have flipped into…
Kalshi raises $1B to lead global prediction markets. Summary Kalshi, a CFTC-regulated U.S. prediction market, raised $1B at an $11B valuation, led by Sequoia and CapitalG. The platform’s annual transaction volume hit $50B, up from $300M a year prior—a more than 100x increase. Kalshi now rivals Polymarket ($8B value), as the sector attracts new entrants and fast investor growth. Kalshi, a U.S.-based prediction market platform regulated by the Commodities Futures Trading Commission, has raised $1 billion at an $11 billion valuation, according to a TechCrunch report. The company has not publicly confirmed the funding round. The latest fundraising more than…
Bitcoin ETFs see $903M net outflow, price nosedives as Blackrock and Grayscale see major outflows. Summary U.S. Bitcoin ETFs saw $903M net outflows on Nov. 20, the second-highest since early 2024, dragging Ethereum ETFs after eight straight days of losses. BlackRock and Grayscale recorded the largest withdrawals as institutional investors took profits ahead of year-end, citing a risk-off shift. Experts say volatility remains high, with large holders buying the dip while short-term traders face challenging recovery timing. U.S. Bitcoin spot exchange-traded funds recorded net outflows of $903 million on November 20, marking the second-largest outflows since the funds’ inception in…
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 Futures market and weak demand have added to the downside momentum. Analysts predict Bitcoin could continue its downtrend over the coming weeks. According to data from crypto.news, Bitcoin (BTC) price dropped 7% to an intraday low of $85,400 on Nov. 21, down 11.6% over the…
Crypto prices today fell sharply as the market extended its month-long downturn. The total crypto market capitalization has dropped below $3 trillion for the first time since May 8, now standing at roughly $2.95 trillion. Bitcoin slipped to $85,310, down… Source link
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 their ETH holdings. The launch strengthens Coinbase’s DeFi integration, tapping into the growing crypto-native credit market. The Shiba Inu-branded (SHIB) card offers zero-fee spending with no conversion fees, foreign exchange fees, or hidden spreads, according to the companies. Early adopters will receive Shiba Inu token…
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 Bitcoin adoption strengthens worldwide, one Metaplanet is taking an increasingly aggressive approach. On Thursday, November 20, the Tokyo-listed Bitcoin treasury firm announced the issuance of 23.61 million Class B Preferred Shares, valued at about $135 million. The firm will use the proceeds of these sales…
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 toward nearly $1 billion in AUM. Numerai plans to expand AI engineering, grow its global data science tournament, and scale institutional products. The round, led by university endowments, values Numerai at $500 million. That’s a fivefold leap from 2023, suggesting the company’s AI models were…
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 cap if others follow MSCI is currently considering a proposal to exclude crypto treasury firms from its benchmark indices Michael Salyor’s Bitcoin buying machine could face a reckoning that could wipe out more than 20% of its total market cap. On Wednesday, November 19, analysts…
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 crypto market is facing another sharp sell-off today amid deteriorating macro conditions. On Thursday, November 20, Bitcoin fell 2.52% to $86,585, its lowest level since April. Ethereum (ETH) fell to $2,818, erasing all its gains since July. Altcoins demonstrated even greater volatility. Solana price went…