Story Protocol’s native token soared 21.48% to $2.98 in 24 hours as the blockchain introduced its first prediction markets and launched Confidential Data Rails. This privacy-focused upgrade secures encrypted data on-chain.

The surge mirrors multiple feature rollouts and rising institutional attention, positioning the Layer 1 blockchain as a critical driver in the growing $80 trillion intellectual property economy.

Price Jumps with New Features and Market Momentum

As of 2:00 am UTC on Wednesday, Story Protocol’s IP token traded at $2.98—a 21.48% increase over the previous day. The token saw $145.63 million in trading volume across leading exchanges. Its market cap reached $975.42 million, placing it #104 among global cryptocurrencies.

Story hit an all-time high of $14.78 on Sept. 21, 2025, and has traded between $1.00 and $14.78 since. Institutional confidence is rising as publicly traded IP Strategy (Nasdaq: IPST) holds 53 million tokens on its balance sheet. These tokens are valued at about $731 million.

The price rally arrived alongside three major launches: Story’s first prediction markets, integration with Dune Analytics for on-chain data, and a technical paper outlining Confidential Data Rails. These updates expand Story’s capabilities beyond IP registration, demonstrating it can support a broader range of decentralized applications.

Story Protocol Debuts On-Chain Prediction Markets

Story Protocol unveiled its first prediction markets with MusicByVirtuals, allowing users to trade on outcomes linked to cultural and financial events. These markets enable bets on topics like K-pop chart positions and cryptocurrency prices, with settlements processed on Story’s blockchain.

The first prediction markets on Story are live.@MusicByVirtuals is betting that culture is as tradable as price, and now there’s a platform to prove it.

Zcash price. Kpop charts. Predictions settled on Story.

Details ↴ pic.twitter.com/3TQQP3YDmI

— Story (@StoryProtocol) November 25, 2025

These markets highlight how cultural trends and financial predictions can be tokenized and traded on-chain, showcasing Story’s versatility beyond IP management. It underscores Story’s aim to capture both IP ownership and the speculation surrounding cultural assets.

Confidential Data Rails: Privacy Upgrade for On-Chain Assets

Last Thursday, Story Protocol released its technical paper on Confidential Data Rails (CDR). This upgrade transforms encrypted data into programmable on-chain assets. The technology enables secure storage and automated management of sensitive assets within Story’s IP vaults. These assets include AI datasets, biomedical records, and API keys.

The official Story Foundation announcement describes CDR as a cryptographic foundation that combines confidentiality, automation, and programmability. Decentralized trusted execution environments (TEEs) and smart contracts on the Story chain enforce permissions. This system allows data owners to control confidential assets without exposing sensitive details.

Programmable confidentiality is here.

Confidential Data Rails (CDR) turns encrypted data into onchain building blocks, paving the way for new privacy use-cases on Story and beyond.

Technical Paper out now ↓ pic.twitter.com/pp96CAaCr9

— Story (@StoryProtocol) November 20, 2025

CDR helps solve a persistent blockchain challenge: ensuring privacy while maintaining transparency. Public blockchains are excellent for auditability but lack strong data protection. CDR lets creators and enterprises tokenize sensitive IP while maintaining strict access controls—a feature essential for sectors such as pharmaceuticals, entertainment, and AI, where confidential information must remain protected even as rights are managed on-chain.

Meanwhile, Story Protocol’s partnership with Dune Analytics enables real-time visualization of on-chain IP data, covering registrations, licenses, royalties, and derivative chains. Andrea Muttoni, President and Chief Product Officer, noted that the integration fosters transparency and deeper analytics in on-chain IP. The collaboration grants developers and institutions SQL access to Story’s data, promoting research into IP tokenization and licensing trends.

Creator Incentives Lead Platform Growth

Chase Chaisun Chang, Head of Korea at PIP Labs—the operator of Story Protocol—stressed at a South Korean conference on Tuesday that creator incentives are vital for consistent, high-quality content.

He explained how one dance video can generate 100,000 remixes within 24 hours, making traditional licensing impossible. AI consumes this content and endlessly produces secondary creations, while the boundary between creators and consumers has completely blurred.

Chang emphasized that, following the principle “garbage in, garbage out,” AI requires high-quality training data to function correctly. Proper attribution and ownership tracking are essential to combat misinformation and verify the authenticity of AI-generated content.

He concluded that digital transformation means individuals will increasingly own more intangible assets. Everyone is becoming both creator and consumer simultaneously in this new era. Better IP infrastructure is crucial to protect everyone’s digital assets in this rapidly evolving landscape.

The combination of price strength, feature launches, and institutional support positions Story Protocol as crucial infrastructure for decentralized IP management. Still, the token trades 80% below its all-time high. Ongoing adoption of CDR, prediction markets, and Dune-powered analytics will be decisive in whether the protocol can capture significant market share. As Story expands, the key question is whether creators and enterprises will move IP operations on-chain at a scale that justifies the protocol’s ambition.

The post Story Protocol Surges 21% on New Prediction Markets and Privacy Upgrade appeared first on BeInCrypto.

Texas has become the first US state to purchase Bitcoin for its treasury, making a $10 million acquisition as part of a broader strategic initiative. The move comes during a market pullback that some view as a favorable entry point. 

This decision positions Texas as an early leader in state-level digital asset adoption and may influence how other states approach cryptocurrency in the future.

Texas Starts With ETF Access

State officials said Texas executed the transaction through BlackRock’s spot Bitcoin ETF as a regulated and practical entry point. The purchase was presented as a step toward integrating Bitcoin into long-term treasury planning and improving diversification.

Texas Blockchain Council President Lee Bratcher later confirmed the move, noting that treasury teams had monitored market conditions closely and executed the purchase on November 20, when Bitcoin briefly dipped to $87,000. Officials added that direct self-custody remains the goal, but the ETF offers a compliant solution while the state builds its custody framework.

TEXAS BOUGHT THE DIP!
Texas becomes the FIRST state to purchase Bitcoin with a $10M investment on Nov. 20th at an approximately $87k basis!
Congratulations to Comptroller @KHancock4TX and the dedicated investments team at Texas Treasury who have been watching this market… pic.twitter.com/wsMqI9HrPD

— Lee ₿ratcher (@lee_bratcher) November 25, 2025

The acquisition marks the beginning of a broader reserve strategy focused on developing infrastructure, oversight, and digital asset controls. This initial allocation will help test workflows, risk management, and governance processes before any future expansion.

More broadly, Texas’s move comes as institutional interest in Bitcoin grows, supported by strong ETF inflows and wider participation from major financial firms.

A Symbolic First Step

While $10 million is a small share of state reserves, the symbolic impact is significant. It marks the first instance of a US state treating Bitcoin as a treasury-level asset.

Analysts say this early government involvement could shape how other states approach digital asset exposure. It may spark debates on reserve diversification, tech competitiveness, and long-term fiscal planning.

If more states follow, Texas could become the catalyst for a new phase of public-sector engagement with cryptocurrency.

The post Texas Becomes the First State to Buy Bitcoin — What Happens Next? appeared first on BeInCrypto.

The Reserve Bank of New Zealand (RBNZ) is expected to cut the Official Cash Rate (OCR) to 2.25% from 2.5%, following the conclusion of the November monetary policy meeting on Wednesday. 

The decision will be announced at 01:00 GMT, accompanied by the Monetary Policy Statement (MPS) and followed by RBNZ Governor Christian Hawkesby’s press conference at 02:00 GMT. The New Zealand Dollar (NZD) will likely experience a big reaction to the central bank’s policy announcements.  

What to expect from the RBNZ interest rate decision?

Following a standard 25-basis-point (bps) rate cut in August and a surprise 50-bps move in October, the RBNZ is expected to deliver a hat-trick, with a 25-bps reduction fully baked in for the November monetary policy meeting.  

The central bank decided to opt for a big rate cut in its last policy decision in the face of a slowing economy and confidence that inflation was under control. 

In its October Monetary Policy Review (MPR), the RBNZ noted that the “committee remains open to further reductions in the OCR as required for inflation to settle sustainably near the 2 percent target midpoint in the medium term.” 

Therefore, another rate cut on Wednesday would come as no surprise. 

Hence, all eyes will be on the discussions among the policymakers on further monetary policy easing heading into 2026. 

The revisions to the OCR projection in the first half of next year will also be closely scrutinized to gauge the bank’s path forward on rates. 

NZ Inflation Continues to Accelerate

Since the October 8 meeting, New Zealand’s annual Consumer Price Index (CPI) inflation accelerated in the third quarter (Q3), coming in at 3.0%, in line with the forecasts and at the top end of the central bank’s 1% to 3% target range. 

However, the RBNZ made it clear in October that inflation was ticking higher, but noted that spare capacity in the economy should bring it back to 2% by mid-2026, suggesting that policymakers don’t expect inflation to be persistent. 

On top of that, the annual non-tradeable inflation decreased to 3.5% in Q3, compared with 3.7% in the second quarter. 

Additionally, the RBNZ’s monetary conditions survey showed on November 11 that two-year inflation expectations, seen as the time frame when the central bank policy action will filter through to prices, steadied at 2.28% in Q4 2025. 

Meanwhile, New Zealand’s Unemployment Rate rose to 5.3% in Q3 from 5.2% in the second quarter, according to the official data released by Statistics New Zealand on November 4. The figure aligned with the market consensus. 

Amidst expectations that underlying inflation is largely slowing, another rate cut by the RBNZ is justified. 

Economists at Westpac NZ said: “We expect a 25bp cut in the OCR to 2.25%. 

We see a downward revision in the projected OCR track of around 30-35bp, with a low point in the projection of around 2.20% in the first half of 2026. The implication is a mild and data-dependent easing bias for next year.” 

How will the RBNZ interest rate decision impact the New Zealand Dollar? 

The NZD/USD pair is miring in seven-month lows as the RBNZ event risk looms. Heightened expectations of a November rate cut have weighed heavily on the NZD since the end of October. 

If the central bank downgrades its inflation and/or OCR forecasts while retaining the easing bias, the Kiwi Dollar could extend the current downside. 

On the contrary, the NZD could witness a big relief rally should the RBNZ signal the end of the rate-cutting cycle amid an improving economic outlook and receding US tariff fears. 

Dhwani Mehta, Asian Session Lead Analyst at FXStreet, offers a brief technical outlook for NZD/USD and explains:

“From a near-term technical perspective, bearish potential remains intact for the Kiwi pair as the 14-day Relative Strength Index (RSI) remains vulnerable well beneath the midline.” 

“If sellers flex their muscles on a dovish RBNZ cut, the NZD/USD pair could drop further toward the falling trendline support at 0.5550. Further south, the 0.5500 round level and the April low of 0.5486 could be tested. On the flip side, the pair needs to scale the 21-day Simple Moving Average (SMA) at 0.5663 on a sustained basis for any meaningful recovery. The next relevant topside targets align at the 50-day SMA at 0.5735 and the 0.5800 threshold,” Dhwani adds.

The post RBNZ Expected To Cut Interest Rates To 2.25% In November appeared first on BeInCrypto.

MicroStrategy’s market premium over its Bitcoin holdings has narrowed to near parity, raising questions about the future of Michael Saylor’s levered Bitcoin model. 

The latest disclosures show the company holding 649,870 BTC at a cost of roughly $48.4 billion, yet its equity no longer trades at the high multiples that powered earlier expansion.

A Collapsing Premium and Rising Capital Pressures

The company’s mNAV fell below 1x in November. mNAV, or market-to-net-asset value, measures how much investors are willing to pay above (or below) the value of Strategy’s underlying Bitcoin. 

It matters because Strategy’s entire accumulation strategy depends on issuing equity at a premium—allowing each new share sold to increase Bitcoin per share for existing holders.

This sharp mNAV reversal follows a broader market downturn. Bitcoin fell more than 30% from its October peak, dropping below $90,000. 

Meanwhile, Strategy shares fell faster, reflecting concerns about the company’s reliance on capital markets and rising preferred stock costs.

Strategy’s capital structure has become a central issue. The firm holds only $54 million in cash and owes more than $640 million in annual preferred dividends. 

The company’s software business remains cash-flow negative for 2025, widening the gap between obligations and internal liquidity.

As a result, Strategy has leaned on capital markets. It raised about $20 billion in the first nine months of 2025 across convertibles, preferred stock, and at-the-market equity. 

That funding kept its Bitcoin accumulation going while servicing older instruments with high and rising coupons.

However, the mechanics that once made this model accretive have weakened. When Strategy traded at large premiums to net asset value, issuing shares increased Bitcoin per share for holders. 

That effect disappears when the premium collapses. Issuing stock near NAV risks dilution rather than accretion.

Pressure increased as the cost of capital climbed. The company’s STRC preferred shares raised their dividend from 9% in July to 10.5% in November to maintain par value. 

New preferred offerings carry coupons above 10%, with penalty rates up to 18% if unpaid. These terms increase the annual burden and reinforce investor concerns about sustainability.

Market Liquidity, MSCI Risks, and the Future of the Premium

Market confidence further deteriorated after the October 10 crash. Bitcoin dropped about 17% as leveraged liquidations exceeded $19 billion. Order-book depth collapsed across exchanges, highlighting the fragility of liquidity during stress. 

For a holder of more than 3% of Bitcoin’s supply, this episode amplified fears about potential forced selling.

The index-inclusion threat compounds the problem. MSCI is consulting on excluding companies with more than 50% of assets in digital currencies from its indices. 

THE $48 BILLION MATH ERROR

Strategy Inc. just disclosed something extraordinary. They own 649,870 Bitcoin. That is 3.26 percent of every Bitcoin that will ever exist. Total cost: $48.37 billion.

They also disclosed the numbers that prove this cannot survive the next 90 days.… pic.twitter.com/SIEI6njNyB

— Shanaka Anslem Perera ⚡ (@shanaka86) November 23, 2025

Strategy sits near 77% Bitcoin by asset share. JPMorgan estimates such an exclusion could trigger around $2.8 billion in passive outflows, with up to $8.8 billion possible if other index providers follow.

If indices proceed with exclusion in February 2026, MicroStrategy’s mNAV could compress further. Lower premiums reduce the viability of equity issuance, which Strategy has used to manage its obligations and continue accumulation. 

A persistent discount would complicate refinancing and weaken the company’s ability to defend its capital structure.

very important week coming up for $MSTR (and markets overall). @MicroStrategy is currently trading below NAV (ie its market cap is lower than the value of its $BTC holdings).

no treasury company has ever traded below its NAV for an extended period of time.

the model only…

— Dom Kwok | EasyA (@dom_kwok) November 16, 2025

Strategy maintains that its balance sheet offers long-term strength. It recently claimed “71 years” of dividend coverage based on the current market value of its Bitcoin. 

However, that calculation assumes frictionless sales, no price impact, and no tax obligations. The October crash demonstrated how quickly liquidity can evaporate under stress.

Will MicroStrategy’s Bitcoin Premium Return?

The narrowing mNAV reflects a market reassessment of leverage, liquidity, and risk. Investors appear less willing to pay a premium for exposure they can now access through spot Bitcoin ETFs without corporate debt and preferred stock layers.

The premium may return if Bitcoin rallies sharply or if index providers soften their stance. Yet the structural pressures remain. 

Rising dividend obligations, negative operating cash flow, and a weakening equity premium leave Strategy more exposed than before. 

Until those pressures ease, the market’s message is clear. Investors are no longer paying extra for the Strategy model, and the days of easy accretive issuance appear to be over. 

Whether the premium returns now depends on Bitcoin strength, index decisions, and Strategy’s ability to navigate its most difficult period yet.

The post Is MicroStrategy’s mNAV Premium Gone for Good? appeared first on BeInCrypto.

Chainlink (LINK) has been in a steady downtrend for the past month, sliding to $11.5 as market volatility continues to weigh on major altcoins. Despite this weakness, sentiment around Chainlink is shifting quickly. 

With XRP and Dogecoin spot ETFs debuting this week, LINK is increasingly viewed as the leading candidate for the next major altcoin ETF — a catalyst that could reshape its price trajectory.

Can Grayscale File For Chainlink ETF?

Grayscale recently published an in-depth research report that reads like a strong endorsement of Chainlink’s long-term value. The firm emphasizes that LINK functions as critical infrastructure, enabling secure communication between on-chain smart contracts and off-chain real-world data.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

The report notes that LINK is the largest non-Layer-1 token by market cap, offering broad exposure across the crypto economy. It highlights Chainlink’s expanding institutional partnerships, its growing role in real-world asset tokenization, and accelerating demand for its services.

Grayscale’s extensive analysis suggests deep institutional conviction — a strong sign that the firm may be positioning LINK for its next ETF product.

Analyst Hints That LINK ETF Is Coming Soon

Bloomberg ETF analyst Eric Balchunas has also fueled speculation. In two separate posts, Balchunas stated that a Chainlink ETF — likely Grayscale’s GLINK — is already in development. He first suggested it could launch as early as next week.

“Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as well, week after I think,” stated Balchunas.

Following the successful rollout of the XRP and Dogecoin ETFs, he reiterated on Monday that GLINK could debut by December 2, aligning with the rapid pace of altcoin ETF approvals.

The Depository Trust & Clearing Corporation (DTCC) has added even more weight to the narrative. Its website lists the Bitwise Chainlink ETF Beneficial Interest, suggesting another LINK ETF is already positioned for approval.

Bitwise has a strong track record in this space, having launched the first Solana ETF and the second XRP ETF. With LINK already listed and Bitwise aggressively expanding its ETF lineup, the probability of a near-term launch increases significantly.

LINK Price Awaits a Bounce Back

LINK is trading at $12.81, pressing against the $12.94 resistance level while still trapped under a month-long downtrend. The technical structure suggests hesitation, but ETF-driven demand could shift momentum quickly.

If a spot LINK ETF is approved, fresh capital could break the downtrend and push LINK above $13.77 and $14.66. A rally of this magnitude would help erase its 31% decline since early November.

If approvals are delayed, LINK may lose support and fall back to $11.64 or lower. This would result in the bullish thesis being completely invalidated and extending LINK’s downtrend.

The post ETF Boom Continues: This Altcoin Could Be Next After XRP & DOGE appeared first on BeInCrypto.

Polymarket received formal approval from the CFTC to operate in the US with full regulatory oversight, allowing the platform to work with brokerages and offer intermediated access to American users. 

The approval brings an on-chain prediction market into the US regulatory system for the first time, opening the door to larger institutions and deeper liquidity.

A New Era After CFTC Approval

Polymarket announced today that the US Commodity Futures Trading Commission (CFTC) approved a revised designation order. The decision enables the platform to offer intermediated access nationwide. 

The prediction market can now work with regulated intermediaries and onboard US customers in full compliance. It can also operate a marketplace that meets the standards of federally supervised exchanges. 

To reach this stage, the company enhanced its surveillance tools, oversight policies, clearing procedures, and reporting systems to support the transition. These upgrades move Polymarket from a crypto-native platform into a fully regulated exchange operating under CFTC rules.

This approval also marks a broader shift in the regulatory landscape. 

Pretty big news for Polymarket: The CFTC amended Polymarket's "order of designation," allowing it to work with futures commission merchants to list contracts. Before, Polymarket could only offer direct access.

Most proximately, it would pave the way to go live with PrizePicks. pic.twitter.com/BQ8h6vJes2

— Dustin Gouker (@DustinGouker) November 25, 2025

For years, prediction markets operated in a legal gray area. US regulators often took a cautious or even hostile stance toward event-based trading. The CFTC’s decision signals a more open approach. 

The move also unlocks institutional participation. Brokers, futures commission merchants (FCMs), trading firms, and liquidity providers can now access Polymarket’s markets legally. This greatly expands the platform’s potential scale and liquidity. 

The ruling also positions prediction markets as a legitimate financial instrument. They can serve as tools for forecasting elections, geopolitics, policy changes, sports outcomes, and macro events. They may even emerge as a new asset class.

The news comes at a moment when Polymarket is performing strongly and securing a clear position in an increasingly competitive industry.

Polymarket’s Momentum Builds

Polymarket’s recent growth has been driven by rising user activity, strong institutional backing, and speculation about what the prediction market will do next.

Last week, BeInCrypto reported that the prediction market is now seeking new capital at a $12 billion valuation, representing a sharp increase from its previous funding round. The move has also fueled speculation about a potential initial public offering (IPO), with many drawing parallels to Kraken’s recent fundraising efforts and confidential filing.

Institutional support has played a significant role in Polymarket’s rise. Intercontinental Exchange (ICE) invested $2 billion in the platform, giving prediction markets serious credibility. Meanwhile, user engagement has climbed just as quickly. 

Polymarket now has more than 1.3 million traders and over $18 billion in total volume. Daily active users jumped from 20,000 to almost 58,000. Much of the excitement stems from the confirmation of the POLY token and an airdrop that could rank among the largest in cryptocurrency history. 

With regulatory clarity, institutional backing, and rapid user growth converging at once, Polymarket now appears poised to enter its most ambitious phase yet.

The post Polymarket Wins CFTC Greenlight for Intermediated US Market Access appeared first on BeInCrypto.

Monad’s MON token continues to rally after its long-anticipated mainnet launch, defying the steep post-airdrop declines that dominated 2025. The token has climbed more than 70% above its Coinbase sale price while the broader crypto market trades under heavy pressure. 

Data from on-chain activity, exchange flows, and token distribution offer a clear explanation for the outperformance — and reveal how long the rally may realistically last.

Strong Day-One Performance Sets the Tone

Monad launched its public mainnet and MON token on November 24 with roughly 10–11% of its 100 billion supply unlocked. 

The airdrop and public sale provided liquidity, while more than 50.6% of the supply (team, investors, treasury) remained locked through 2029.

The launch attracted immediate attention. MON dipped about 15% in early trading, hitting $0.02 as airdrop sellers exited. 

Buyers quickly absorbed the flow. Within 24 hours, MON traded near $0.03–0.035, and now sits around $0.04, more than 50–70% above its $0.025 public sale price.

This strength stands out in a market where Bitcoin has dropped below $90,000 and total crypto market capitalization has fallen by more than a trillion dollars since October.

Airdrop and Token Sale Created a Stable Holder Base

Monad distributed roughly 4.73 billion MON in airdrops to 289,000 eligible accounts, with 3.33 billion ultimately claimed. The design targeted DeFi power-users, NFT traders, testnet contributors, and DAO participants rather than quest farmers.

The Coinbase token sale, which raised $269 million from about 85,820 participants, added a second cohort of committed holders. These buyers anchored around the $0.025 sale price and proved less eager to dump at launch.

Because insiders remain locked, early sellers were mostly airdrop recipients. This dynamic helped prevent the heavy cascades that crushed many 2025 airdrops.

my monad airdrop is worth $14,000?

what the actual fuck

hello wtf pic.twitter.com/zHkEdQQsIT

— Loshmi (@loshmi) November 25, 2025

Heavy Exchange Coverage Shielded MON From Volatility

MON was listed across major exchanges on day one, including Coinbase, Upbit, Bithumb, Kraken, Bybit, Bitget, Crypto.com, and MEXC. Derivatives opened on multiple venues, giving traders hedging options.

Deep order books absorbed airdrop selling. Market makers tightened spreads, and cross-venue liquidity reduced fragmentation. Traders could short, long, or hedge without flooding spot markets.

This broad coverage sharply contrasts with earlier L1 launches that relied on thin liquidity pools and fragmented markets, often triggering immediate 50–80% crashes.

Huge respect to @monad for not paying the Binance cartel listing fee.

Probably not a coincidence that the price is going up.

No serious project should waste millions of dollars for nothing (study Binance TGEs this cycle).

gMonad

— Aylo (@alpha_pls) November 25, 2025

On-Chain Activity Surprised the Market

Monad’s first 24 hours delivered rare on-chain traction for a new L1. Nansen recorded:

• 3.7 million transactions
  
• 153,000 active addresses
  
• 18,000 contract deployments

These figures exceed what many blockchains achieve in their first year. They show early real usage from bots, arbitrageurs, developers, and liquidity programs.

.@Monad went live less than 24 hours ago

It already cleared:
– 3.7M daily txns
– 153K active addresses
– 18K contract deployments

That’s higher day-one activity than most chains in their first year

🧵 👇 pic.twitter.com/ggUwfOyjx7

— Nansen 🧭 (@nansen_ai) November 25, 2025

TVL reached ~$90 million, with Uniswap, Gearbox, Curve, and native dApps launching within hours. DEX volume crossed $70 million, driven by concentrated liquidity pools and farming incentives.

This early activity reinforced the perception that Monad launched as a functioning ecosystem, not as a speculative token awaiting future development.

Monad’s Rare Relative-Strength Play in a Weak Market

MON’s rally stands out because the rest of the market remains fragile. Bitcoin’s slide under $90,000 triggered retail outflows and pushed sentiment indicators into extreme fear.

Traders rotated into MON due to its relative strength. New tokens with credible metrics often attract momentum capital when major assets struggle.

This reflexive flow — strength attracting more capital — added fuel to the rally.

Arthur Hayes Goes All-In

Arthur Hayes weighed in with a sarcastic comment that captured the market mood. 

Just what this bull market needs another low float , high FDV useless L1. But obvi I aped. It’s a bull market bitches!$MON to $10 pic.twitter.com/UMSDWWmp5a

— Arthur Hayes (@CryptoHayes) November 25, 2025

He highlighted MON’s low float and high FDV (fully diluted valuation). With only around 10% of supply circulating and FDV near $3–4 billion, MON fits the low-float pattern that dominates early-stage price action.

Yet Hayes admitted he bought anyway. His remark reflects how traders treat early L1 tokens: fundamentally risky, but attractive for short-term speculation.

How Long Can the Monad Rally Last?

The current data and patterns point to three time horizons that shape MON’s outlook.

Short Term: Rally Can Sustain

Monad has absorbed its largest early unlocks. Liquidity remains deep, and on-chain usage is rising. Incentive programs are launching, and trading flows remain strong. 

Under these conditions, MON can maintain upward momentum for days or weeks.

Medium Term: Unlock Pressure Builds

Over the next several months, the circulating supply will rise as vesting tranches unlock. Even disciplined insider distribution adds structural sell pressure. 

Activity may normalize after early incentives fade. If TVL flattens or starts slipping, the narrative could shift.

Longer Term: Fundamental Execution Matters

MON’s FDV places high expectations on the chain. Sustained growth in TVL, real applications, and developer traction will determine long-run resilience. 

Without continued expansion, valuation compression becomes likely as supply expands.

In 2017 $ADA went from $3B → $30B in less than a month$MON just launched at $3B

Imagine the smell 💜 @monad pic.twitter.com/9LEg9WXNW9

— zac.eth 🧙🏻‍♂️♦️ (@zacxbt) November 24, 2025

Monad Token Outlook

Monad’s rally stems from a rare combination of strong distribution design, deep exchange liquidity, high early usage, and standout performance during a weak market. 

This alignment makes MON one of the few 2025 airdrop tokens to defy the typical post-launch collapse.

The rally can continue in the short term as long as on-chain demand holds and liquidity remains supportive. However, the token’s high FDV and long vesting schedule introduce clear medium-term risks.

For now, MON remains a high-momentum asset driven by early fundamentals and speculative flows. 

However, the durability of that momentum will depend on whether Monad converts its powerful first 48 hours into sustained ecosystem growth.

The post Monad Is Still Rallying, But How Long Will It Last? appeared first on BeInCrypto.

Black Friday falls on November 29, and several major altcoins are now trading at steep markdowns. These altcoins offering Black Friday discounts are not just cheap — they each have a setup that could turn the discount into a recovery if market conditions improve. Or even worsen!

One has an attainable path back toward its highs, one carries a deep reversal setup, and another sits inside a strong cycle narrative with heavy long-term discounting. All three offer different types of discount narratives.

---

BNB (BNB)

BNB is one of the few large-cap tokens that have maintained strong long-term performance. While Bitcoin is down about 6% year-on-year and Ethereum is down nearly 15%, BNB remains up around 35%. That strength makes the current pullback a more meaningful Black Friday discount rather than a symptom of weakness.

Its current discount? BNB is 37.1% below its all-time high, which was set roughly a month ago. That makes the markdown more relevant.

BNB is also closely tied to the broader market. Its +0.95 one-month correlation with Bitcoin shows it moves almost in sync with BTC. So, if the market turns, the BNB price tends to respond quickly.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

On the chart, BNB shows a clear continuation structure.

Between June 21 and November 21, the price formed a higher low, while the Relative Strength Index (RSI) made a lower low. RSI measures momentum, and this pattern — price rising while RSI falls — hints that selling pressure is fading. A similar setup appeared earlier between June 22 and November 4, but the move stalled at the same ceiling BNB faces now. That ceiling is $1,016.

BNB needs a clean daily close above this level to confirm momentum. If it breaks:

• $1,183 becomes the next target
• Above that sits $1,375, very close to its all-time high and realistic if market sentiment shifts.

On the downside, losing $791 exposes $730, but the broader uptrend remains intact.

BNB earns its place on the Black Friday discount list because:

• Its discount is recent and not structural
• Its RSI divergence hints that the pullback may be ending
• Its path back to the highs is short and achievable if Bitcoin stabilizes

Sei (SEI)

Sei also fits the list of altcoins offering Black Friday discounts because its markdown is deep, fresh, and supported by a clean reversal setup. And the DeFi-narrative could also be a strong driver.

Its discount is one of the steepest on this list. Sei is down 54% in the past three months and 88% below its all-time high, which was set in March 2024. That makes the markdown meaningful: the top isn’t from five or six years ago, so retesting higher zones isn’t unrealistic if conditions improve.

Perp traders are also turning more active. Top 100 addresses increased long exposure by 721%, signaling renewed interest.

Smart Money is still net-negative (short), but even here, positioning improved by 58.02%, showing that the most efficient traders are slowly easing off bearish bets.

The chart sends the clearest signal. Between October 10 and November 21, the price made a lower low, while the Relative Strength Index (RSI) made a higher low. This is a classical bullish divergence and a possible reversal catalyst.

A similar structure formed between October 10 and November 4, when SEI bounced sharply before getting rejected at key resistance.

That creates the next set of levels. Sei must break $0.169 to confirm a real reversal. If it clears this, the path opens toward $0.195 (previous rejection level), and above that sits the heavier ceiling at $0.240.

The downside is straightforward. Losing $0.127 weakens the reversal and exposes a clean breakdown, especially if broader conditions remain soft.

Sei earns its place on this Black Friday list because:

• Its discount is deep but recent enough to be meaningful
• A clear RSI reversal setup is active
• Early perp-side optimism supports the idea that the decline may be ending

Dash (DASH)

Dash fits a very different part of the altcoins offering Black Friday discounts theme because it sits inside the privacy token narrative, one of the few segments that have outperformed in this uneven cycle. Its one-year correlation with Bitcoin is –0.06, which means it can move the opposite way when the broader market falls.

The long-term markdown here is huge. DASH is still down more than 96% from its all-time high. The near-term pullback adds another layer to the discount.

DASH has dropped 26% over the past seven days, so buyers are still getting a marked-down entry even after the strong run earlier this quarter.

The chart now signals that this pullback may be fading. Between October 30 and November 25, the price made a higher low while the Relative Strength Index (RSI) made a lower low. This is a continuation setup (hidden bullish divergence), and it often appears when a broader uptrend pauses before resuming.

For Dash, trend-based Fibonacci extension levels help map the path ahead. The first barrier is $78. A clean break above this level clears the way toward $107 and higher. These targets are well within reach if the cycle narrative stays strong.

A drop under $52 breaks the continuation structure and puts $41 back on the chart. This is the level that acted as the floor during the early-November surge.

Here is why this discount narrative works:

• Long-term markdown is massive and still intact.
• Near-term pullback adds a fresh entry zone.
• Privacy narrative and negative BTC correlation let DASH move on its own trend

The post 3 Altcoins Offering Massive Black Friday Discounts appeared first on BeInCrypto.

Since taking office, US President Donald Trump and his family have dived headfirst into a wave of crypto-focused business ventures, briefly seeing their wealth surge on the back of these deals. But that momentum has faded. 

Today, both the Trump family’s gains —and those of their most devoted supporters— have been wiped out as market volatility intensifies.

Family Crypto Empire Faces Reversal

Trump’s crypto ventures have become recognizable fixtures across the industry. 

They began with the launch of a namesake meme coin, quickly followed by a nearly identical token from First Lady Melania Trump. Then came World Liberty Financial. Eric Trump also stepped in through the Bitcoin mining company Hut 8.

At this point, there’s virtually no corner of the crypto industry the presidential family hasn’t tapped into.

At their peak, the profits from these ventures were striking. Estimates differ, but an August investigation by watchdog group Accountable.US found that roughly 73% of Trump’s wealth was tied to crypto-related deals.

Everyone's worried about how inflationary Trump's new economic plan might be…

But it may not matter much to DJT.

His empire isn't built on golf courses and licensing deals anymore — it's being rebuilt on crypto.

Over the past year, the Trump family has accumulated:
– $2B+ in… pic.twitter.com/GWeBs4K2lW

— Simon (@simononchain) July 2, 2025

That figure represents a sharp rise from April, when the NGO State Democracy Defenders Fund estimated that 37% of his wealth came from crypto.

That picture, however, has changed dramatically. With markets now slumping and indicators flashing red, the Trump family’s crypto gains have taken a hit.

Family Tokens and Stocks Plunge

The Trump family’s crypto portfolio has been hit across nearly every venture they touched. 

Their Trump-branded memecoin reached its latest peak on November 10 at $9.49 but has since plummeted to $6.20 — a nearly 35% drop in just a few days. The family’s exact stake is unclear, but estimates suggest the drop erased about $117 million from their holdings.

Trump Media, the parent company of Trump’s social media platform Truth Social, has also suffered losses, particularly after it decided to invest $2 million worth of Bitcoin in July. 

Bloomberg estimates that the value of the president’s stake in the company has dropped by roughly $800 million since September. Trump remains its largest shareholder, with his holdings placed in a trust managed by his eldest son, Donald Trump Jr.

Meanwhile, WLFI has seen its token price decline from $0.26 in early September to roughly $0.15. The decline cut Trump’s locked token value almost in half, dropping from nearly $6 billion to around $3.15 billion.

Even their mining venture, American Bitcoin Corp., hasn’t escaped the rout. The company was formed shortly after Trump’s inauguration in partnership with Hut 8 Corp., which took a majority stake.

Eric Trump ended up with about 7.5% of the firm, while Donald Trump Jr. secured a smaller, undisclosed portion. 

The venture initially soared, valuing Eric’s stake at roughly $630 million, but as the market turned, shares fell by more than half, wiping out about $300 million from his holdings.

Market Meltdown Deepens Crypto Losses

The Trump family’s shrinking crypto fortune is just one piece of a wider market collapse that has erased more than $1 trillion in digital asset value. 

The sector is facing one of its sharpest downturns in months. Major tokens are experiencing a decline, leveraged positions are unwinding, and liquidation waves are rippling through derivatives markets.

Bitcoin’s selloff has dragged altcoins and crypto-linked equities lower, highlighting how quickly momentum can reverse in a notoriously volatile industry. 

Retail investors have borne much of the pain. Many piled into tokens, mining stocks, or high-profile branded projects near their highs, only to see prices crater within weeks.

The post Trump’s Crypto Empire Is Crashing — and His Followers Are Paying the Price appeared first on BeInCrypto.

Hedge funds are piling into one of their biggest anti-dollar bets in years, just as macro signals hint the USD may be nearing a rebound.

If the crowded trade snaps, the ripple effects could hit crypto markets faster than investors expect.

Hedge Funds Build Extreme USD Shorts—A Repeatable Pattern?

Hedge funds are aggressively shorting the US dollar, reaching one of the most lopsided positioning levels in two decades.

The Positioning Index indicates that funds are deeply entrenched in “extreme short” territory, a zone that has historically preceded a USD recovery rather than a prolonged decline.

Analyst Guilherme Tavares highlighted this setup, noting that the trade has become dangerously crowded.

“Hedge funds are holding significant short positions in the DXY, and historically, similar levels have often preceded solid buying opportunities—at least for a short-term rebound. When a trade becomes too crowded, it’s usually worth considering the opposite side,” he wrote.

Across the past 20 years, every major episode of heavy USD shorting has ended the same way: a dollar bounce that forces fast-money traders to unwind positions.

Macro Tone Doesn’t Support the Anti-Dollar Hype

A similar warning came from EndGame Macro, who pointed out that extreme short positioning rarely appears in calm markets.

They explained that hedge funds are “shorting a weak dollar,” which historically makes the market more vulnerable to even a small shift in sentiment or liquidity.

According to analysts, the broader environment is not as supportive of ongoing USD weakness as traders assume. Treasury markets are pricing future Fed cuts, growth is slowing, and dollar funding markets are tightening, all conditions that make sudden reversals more likely.

“This setup doesn’t guarantee a major dollar bull run, but it does tell you that the downside is probably limited,” said analyst EndGame Macro.

Why Crypto Should Care: A Rising Dollar Is a Threat

Crypto market analysts continue stressing the direct inverse relationship between the DXY and digital assets.

“Dollar up = bad for crypto. Dollar down = good for crypto. If the dollar keeps grinding higher into 2026… you may have to kiss that beloved bull market goodbye,” analyst As Milk Road warned.

The risk is that if the USD rebounds strongly from these crowded shorts, as history suggests, crypto could face sustained pressure during a period when investors were expecting a multi-year bull cycle.

Technical Signals Now Support a USD Reversal

Market technicians are tracking fresh breakout signals on the US Dollar Index. According to Daan Crypto, the DXY has closed above its 200-day moving average for the first time in nearly nine months, positioning the index to break a 7–8 month downtrend.

“This isn’t ideal for risk assets and has been putting pressure on as well… Good to keep an eye on,” he said.

Combined with the yen’s weakness and general derisking behavior after recent market volatility, technical momentum may now be aligning with positioning data to fuel a potential USD resurgence.

If hedge funds are forced to unwind their extreme short positions, the USD could stage a sharp rebound. This could pressure Bitcoin, Ethereum, and risk assets broadly.

The next few weeks of DXY price action, funding conditions, and Fed communication will determine whether crypto’s bullish narrative survives or enters a more defensive phase.

The post Hedge Funds Are Heavily Shorting the USD – What Does It Mean for Crypto? appeared first on BeInCrypto.

SunPerp rebrand launch was broadcast live on HTX. Justin Sun, Advisor to SunPerp and  HTX attended the event and officially announced that SunPerp will rebrand as SunX (sunx.io).

The upgrade marks SunX’s transformation from a standalone trading platform into a self-reinforcing, self-growing decentralized ecosystem. To celebrate the brand refresh, SunX simultaneously unveiled the first phase of its “Trade to Earn” event with a total prize pool of 1.35 million USDT, offering exceptionally high fee rebates to users worldwide.

A Brand Evolution: From Platform to Ecosystem, “X” Signals Infinite Possibilities

At the launch, Justin Sun noted that DEXs are gradually becoming a dominant force in the crypto industry, and the shift from a “platform” to an “ecosystem” lies at the heart of the SunX upgrade. The new brand name, SunX, is more concise, globally oriented, and easy for users worldwide to remember. The letter “X” represents:

●     eXtension (Infinity): the limitless expansion of the ecosystem.

●     eXperience (Experience): a superior trading experience.

●     eXchange (Future Trading): the trading model of the future.

Justin Sun explained that this reflects the team’s new vision for the future of DeFi and signals that SunX will be smarter, more open, and more liquid than anything we have ever built.

Long-Term Vision: Powered by the “Golden Triangle of Decentralized Trading” to Deliver Ultimate User Experience

According to Justin Sun, the upgrade to SunX is not happening in isolation but is driven by the strategic collaboration among the “Golden Triangle of Decentralized Trading” formed by HTX, TRON, and SUN: 

• TRON provides the high-performance underlying infrastructure.
• HTX serves as a global traffic gateway that connects users worldwide.
• SUN functions as the core engine of innovation and liquidity for the ecosystem.

“DEX market share has surged from under 5% to 20%, which is impressive. However, for DEXs to truly become mainstream, challenges such as security, risk management, and user experience must be addressed. On that basis, user experience will remain the core competitive focus for perpetual DEXs in 2026.”

To this end, SunX has spent the past two months focused solely on refining order book liquidity, market depth, and a low-latency trading experience. Sun noted that rather than pursuing short-lived traffic spikes, the team prioritizes security and product stability, which are the true determinants of long-term user retention.

He added that backed by the two highly profitable ecosystems of TRON and HTX, SunX operates without short-term profit pressure. This allows it to embrace a “long-term” vision and continually subsidize users through zero gas fees and negative maker fee rates until its user experience matches or even surpasses that of centralized exchanges, thereby capturing a greater share of the mainstream market.

Strategic Roadmap: Security First, Multi-Chain Development, and Global Expansion

During the subsequent media and KOL Q&A session, Justin Sun shared additional strategic insights.

Regarding SunX’s strategic roadmap, Sun stressed that security will always come first. Building on this foundation, SunX will no longer be confined to the TRON ecosystem and will gradually expand to more major public chains, with the goal of breaking down cross-chain barriers.

In terms of market expansion, SunX will remain committed to serving users around the globe. At the same time, the project aims to onboard the vast user bases of HTX and Poloniex onto SunX, providing them with a truly decentralized perpetual futures trading experience.

User Benefits: “Trade to Earn” Goes Live, with Makers Earning 110% Fee Rebates

As the first initiative following its rebrand, SunX is rolling out an exceptionally compelling incentive program.

The first phase of the “Trade to Earn” event will run from 12:00 (UTC) on November 21 to 12:00 (UTC) on December 6, with a total prize pool of 1.35 million USDT.

• During the event, users who trade perpetual futures in BTC/USDT, ETH/USDT, and SUN/USDT will receive a full rebate of all their trading fees, plus additional $SUN token rewards.
• Maker traders can enjoy fee rebates of up to 110%, while Taker traders receive 107%.
• Each user can earn up to 500 USDT per hour in rewards.

This campaign will also play a major role in empowering the $SUN token economy. All net fees generated from registered participants trading the designated trading pairs during the event will be used to buy back $SUN on HTX, supporting its stable appreciation. The repurchased $SUN will be entirely burned, with burns conducted at the end of each quarter (specific dates to be announced), creating sustained deflation to reward long-term supporters of the ecosystem.

On the eve of a major DEX breakout, SunX, backed by the “Golden Triangle of Decentralized Trading” and equipped with an unparalleled user experience, is reshaping the industry standard for on-chain derivatives trading. From this moment onward, a smarter, safer SunX ecosystem with limitless potential is ready to take flight, and we look forward to ushering in a new era of decentralized trading alongside users worldwide.

About SunX

SunX is the TRON ecosystem’s first native decentralized perpetual futures exchange. It aims to integrate the smooth experience and security of centralized exchanges with the asset sovereignty of decentralized finance to build a new generation of on-chain derivatives infrastructure. With core advantages including the lowest fees, 0 gas trading, secure on-chain custody, high-performance matching, full-chain liquidity integration, and intelligent risk management, the platform is committed to providing fair, efficient, and free DeFi derivatives trading services to global users.

As a strategic pivot for TRON’s evolution of its on-chain financial system, SunX is leading a profound financial paradigm shift, propelling the crypto market toward genuine inclusivity and openness.

For more information about SunX, please visit www.sunx.io

The post From Platform to Ecosystem, SunPerp Rebrands as SunX: Justin Sun on the DEX’s Long-Term Vision and Global Expansion appeared first on BeInCrypto.

SanDisk Corp. will join the S&P 500 on Friday, November 28, 2024, replacing Interpublic Group of Companies Inc., according to S&P Dow Jones Indices. After the announcement on Monday, shares of the computer storage maker surged by more than 9% in after-hours trading.

This milestone signals SanDisk’s rapid rise, while Strategy (formerly MicroStrategy) faces another setback, remaining excluded from the S&P 500 despite holding more than 640,000 Bitcoin.

SanDisk’s Rapid Ascent to the S&P 500

SanDisk’s move from the S&P SmallCap 600 to the S&P 500 reflects its strong market performance over the past few months. Driven by demand from artificial intelligence applications, the company’s market capitalization has reached approximately $33 billion. This surpassed typical small-cap index thresholds, making the switch to the S&P 500 a logical step.

The announcement arrived just before the Thanksgiving holiday trading session, highlighting the urgency of the rebalancing. The replacement is occurring outside the usual quarterly rebalance, suggesting strong market momentum. The stock closed up 13.33% on the day of the announcement before the after-hours surge.

Joining the S&P 500 usually attracts significant passive inflows, as index-tracking funds buy shares to maintain their weightings. This change boosts SanDisk’s institutional investment appeal and liquidity. It also raises the company’s profile among investors focused on large-cap equities in the index.

SanDisk’s rise is fueled by optimism around AI infrastructure. As businesses use more advanced machine learning models, storage solutions are increasingly critical—driving investor enthusiasm and boosting SanDisk’s valuation over the past year.

Strategy’s Continued S&P 500 Challenge

While SanDisk celebrates, Strategy remains on the outside looking in, even after meeting several technical requirements. The company, led by executive chairman Michael Saylor, holds 640,808 BTC, valued at around $72.3 billion, making it the world’s largest corporate holder of Bitcoin. However, this asset concentration is seen as a liability by index decision makers.

Strategy was not included in the S&P 500’s September reshuffle, which selected Robinhood, AppLovin, and Emcor. Analysts put the company’s chances of inclusion in December at 70% following strong Q3 results. The firm reported $3.8 billion in Q3 earnings, showing profitability tied to Bitcoin’s price movements.

Yet, earnings volatility remains the main hurdle. Strategy’s results fluctuate each quarter with Bitcoin’s price, creating inconsistency with S&P 500 requirements. For instance, Q2 2024 delivered $10 billion in revenue and $14 billion in unrealized gains, while Q1 saw a $4.2 billion loss. The index requires four straight quarters of positive earnings—a threshold that has eluded Strategy due to its Bitcoin-heavy approach.

S&P Dow Jones Indices gave Strategy a ‘B-‘ credit rating, citing high Bitcoin exposure, low USD liquidity, and a narrow business model. These contribute to traditional finance skepticism about digital asset treasury companies. The rating shows the committee sees Bitcoin-based volatility as incompatible with the stability expected in S&P 500 members.

Even if Strategy meets the criteria for market capitalization and liquidity, the committee also considers business model diversity, financial stability, and sector representation. While some advocate for evolving index methodologies to include innovative treasury approaches, traditionalists insist on consistent, proven earnings, especially for benchmarks like the S&P 500.

Traditional Finance Meets Digital Asset Reality

The paths of SanDisk and Strategy highlight a broader divide between traditional finance and digital asset business models. Some crypto-exposed companies like Robinhood have entered the S&P 500, yet Strategy’s concentrated Bitcoin position poses unique challenges. The company’s stock is down 35% from its July high of $434, reflecting disappointment over exclusion and credit rating concerns.

Nasdaq’s scrutiny of digital asset treasury firms adds further obstacles for Strategy. As industry analysis notes, traditional finance’s skepticism extends beyond earnings volatility to concerns about long-term business models and regulatory compliance. This unease endures, even as Strategy has occasionally outperformed both Bitcoin and the S&P 500, as Saylor has highlighted.

On the other hand, MSCI’s recent consultation that Strategy could be removed from its key equity indices has sharpened investor focus on whether similar pressure might eventually extend to the S&P 500. While the company’s inclusion in MSCI USA and MSCI World has long funneled billions in passive capital into the stock, analysts now argue that its increasingly bitcoin-centric profile may no longer fit traditional index methodologies.

This has raised questions in the broader market about whether the valuation premium tied to expected index stability is at risk — and whether Strategy’s future index eligibility, including any long-shot hopes of S&P 500 admission, could be further complicated by the growing scrutiny.

The post Strategy Fails to Join the S&P 500 Once Again appeared first on BeInCrypto.

The cryptocurrency market lost over $1.3 trillion in value by November 2025. Bitcoin dropped from $126,000 to below $85,000 in a few weeks. 

But how does this compare to the FTX-driven meltdown of 2022, which shook the foundation of the digital asset space?

Market Cap Losses and Price Drawdowns

Market analysts now debate whether this year’s sharp reversal is more damaging than the industry-wide collapse triggered by FTX’s bankruptcy three years ago. 

On paper, this month’s sell-off is massive. In practice, it’s more of a sharp correction than a systemic crisis.

Bitcoin's weekly RSI just hit levels lower than the FTX collapse and the covid crash.

Does that mean the bottom is near?

h/t @Sykodelic_ @gammichan pic.twitter.com/wL4vfJkunH

— Lark Davis (@TheCryptoLark) November 24, 2025

Between October and November 2025, crypto’s total market cap dropped about 30%, falling from a record $4.2 trillion to under $3 trillion. Bitcoin shed nearly 32% in value, while Ethereum lost over 40%.

However, these numbers don’t match the scale of 2022. 

After FTX’s implosion, the market plunged 73% from its 2021 highs. Bitcoin bottomed out at $15,500, losing over three-quarters of its value. Ethereum fell more than 80% to below $900.

Liquidations and Trading Behavior

Liquidations in 2025 surpassed previous records. In October, over $19 billion in leveraged crypto positions were wiped out in a single day. That’s nearly ten times more than the worst day during the 2022 crash.

Yet, in 2022, traders also faced systemic shocks. The failure of FTX, Celsius, Voyager, and 3AC triggered a cascade of margin calls and frozen funds. 

Although 2025 saw more liquidations, the impact was largely confined to price volatility and didn’t trigger platform-wide insolvencies.

165,000 Bitcoin taken off Coinbase over the weekend!
Cause TBD. But the last comparable plunge was just after FTX collapsed. Bitcoin was $16K pic.twitter.com/W3DQWDkzht

— Charles Edwards (@caprioleio) November 24, 2025

Institutional and Public Market Impact

The FTX collapse shattered trust across the industry. Core Scientific filed for bankruptcy. Crypto lenders vanished. Public companies like MicroStrategy and Coinbase lost over 80% of their stock value.

By contrast, the latest crypto crash has seen no major bankruptcies among listed firms. ETFs did suffer record outflows—over $3.7 billion since October. But they remained functional. 

Companies like MicroStrategy even added to their holdings, signaling confidence rather than crisis.

Sentiment and Macro Backdrop

Both periods triggered extreme fear. In November 2025, sentiment indices dropped to their lowest levels in a year. However, investors weren’t blindsided.

In 2022, the FTX collapse came as a shock. Billions in customer assets vanished. The resulting fear was deeper and more corrosive. Institutional investors froze activity. Regulators launched global crackdowns.

Meanwhile, this month, investors pulled back—but stayed engaged. ETF outflows were orderly. Hedge funds hedged rather than fled. Regulatory conditions, while uncertain, were not crisis-driven.

The Crypto Spring Is Compressed. Window Is Closing…

Yes, the cycle has been difficult…

Even people who've been through multiple cycles start questioning everything.

But then you zoom out:

– Realized losses now match FTX collapse levels

– QT ending in days after harshest… pic.twitter.com/loLdSCtHQe

— Dan Gambardello (@dangambardello) November 24, 2025

FTX Collapse Remains the King of All Crypto Bear Markets

The 2025 crypto crash is sharp, but contained. It erased over a trillion dollars in value and triggered record liquidations. However, the market structure held.

The 2022 collapse was deeper, longer, and systemically damaging. It wiped out fragile firms, froze customer assets, and nearly broke institutional trust.

While painful, November 2025 is not worse than the FTX-era collapse. It’s a high-stakes correction—not a foundational crisis.

The post Is the November 2025 Crypto Crash Worse Than the FTX-Era Bear Market? appeared first on BeInCrypto.

Crypto mining stocks jumped as much as 20% led by BitMine and Cipher Mining, after Amazon unveiled plans to invest up to $50 billion in AI infrastructure for U.S. government agencies.

This shift comes as Bitcoin miners face declining profitability following the 2024 halving event. Meanwhile, demand for AI compute capacity is soaring. Tech giants now view miners’ established power infrastructure as key to rapid data center growth.

Mining Stocks Post Double-Digit Gains as Focus Shifts to Infrastructure

The crypto mining sector saw a broad rally on Monday, notching a 13.84% sector-wide gain according to SoSoValue data. BitMine soared nearly 20%, while Cipher Mining rose more than 18%.

The rally followed Amazon’s announcement of an investment of up to $50 billion in AI infrastructure for US government agencies. The plan will add 1.3 gigawatts across multiple data centers, with construction set for 2026. Agencies will gain access to AWS tools, Anthropic’s Claude AI, Nvidia chips, and Trainium chips developed by Amazon.

Amazon also announced a $15 billion investment in Northern Indiana for new data center campuses, supporting 1,100 high-skilled jobs and 2.4 gigawatts of data capacity. This expansion underscores the scale of infrastructure required for AI workloads.

Meta has intensified its AI infrastructure efforts, seeking federal approval to trade electricity alongside Microsoft for long-term energy supply. Meta’s Louisiana campus alone is expected to require three new gas-fired plants.

Bitcoin Miners Evolve Into AI Power Players

The substantial stock gains reveal how bitcoin miners are transforming operations. Declining profits after Bitcoin’s April 2024 halving prompted miners to seek new revenue streams. AI data center developers, who now face electricity shortages, see miners’ grid-integrated facilities as strategic partners.

IREN, formerly Iris Energy, signed a $9.7 billion data center deal with Microsoft, granting the tech giant early access to Nvidia GPUs. IREN’s stock has shot up 580% this year since its rebrand. Other miners showed strong performance: Riot Platforms gained 100%, TeraWulf 160%, and Cipher Mining 360%.

The combined 14 gigawatts of power capacity among US miners has become key for tech firms seeking rapid scale. Favorable US policies, including Nvidia export restrictions to China, give domestic miners a competitive edge. In contrast, Chinese miners face more regulation and import barriers.

AI data center developers are now targeting bitcoin miners. These teams are approaching mining operations already running high-capacity, grid-integrated sites. Locations like Childress, Texas, have become major hubs for combined data and mining infrastructure.

Tech Leaders Accelerate Infrastructure Investments

Global tech firms are raising around $100 billion in bond offerings to fuel new AI and cloud capabilities. Amazon, Microsoft, Google, Oracle, and Meta could spend $400 billion this year on AI and data center investments. According to Deutsche Bank, total AI-related investment could reach $4 trillion by 2030.

The move signifies a shift from cash reserves to debt financing. Meta has launched its largest-ever bond sale, totaling $30 billion, for AI infrastructure. Amazon issued a $15 billion US bond, its first in three years, attracting $80 billion in demand. Amazon holds $69.29 billion in debt and $66.92 billion in cash.

Alphabet issued a $17.5 billion US bond and a €6.5 billion European bond, bringing its total debt to $48.78 billion. The aggressive borrowing reflects the immense capital needs for AI infrastructure.

The need for energy to power AI, however, surpasses grid expansion. With slow grid development, tech companies are securing direct energy sources. Apple already has federal approval to trade electricity wholesale, reflecting a trend of tech firms managing their own energy for AI infrastructure.

The merging of crypto mining infrastructure with AI compute demand signals a major strategic shift for both sectors. As bitcoin miners pivot to AI compute, their built-in power capacity and grid-ready sites enable tech giants to deploy quickly and compete in the fast-evolving AI landscape.

The post Mining Stocks Jump 20% as Amazon’s $50B AI Push Boosts Demand for Power appeared first on BeInCrypto.

XRP jumped more than 9% to $2.27 after Franklin Templeton and Grayscale launched their spot XRP ETF on Monday. The $1.69 trillion asset manager joined Bitwise, Grayscale, and Canary Capital in offering regulated XRP investment products, calling XRP “foundational” for global settlement infrastructure.

This wave of ETF launches marks a turning point for XRP. After regulatory uncertainty faded with Ripple’s SEC settlement earlier in 2025, institutional interest is surging.

Wave of Institutional ETF Launches Signals Market Maturity

Franklin Templeton debuted the Franklin XRP ETF (XRPZ) on NYSE Arca, offering regulated XRP exposure through a grantor trust. The fund tracks the CME CF XRP-Dollar Reference Rate and uses Coinbase Custody as custodian, with BNY Mellon as administrator. According to Franklin Templeton’s announcement, the ETF allows investors to follow XRP’s performance transparently, without buying the cryptocurrency directly.

“XRPZ offers investors a convenient and regulated way to access a digital asset that plays a critical role in the global settlement infrastructure,” stated David Mann, director of ETF products and capital markets at Franklin Templeton.

Grayscale has also launched its XRP Trust ETF (GXRP) with a zero-fee introductory period, highlighting XRP’s strong market position.

Introducing Grayscale XRP Trust ETF (Ticker: $GXRP), now trading with 0% fees¹ from Grayscale, the world's largest crypto-focused asset manager².

Gain exposure to $XRP, the world’s 3rd largest digital asset³, driving innovation in global payments. Available in your brokerage… pic.twitter.com/rAzGrm0M6P

— Grayscale (@Grayscale) November 24, 2025

Bitwise, which launched its XRP ETF a week earlier, reported $100 million in initial inflows. The clustering of ETF launches signals that asset managers were prepared for regulatory clarity, which arrived from the SEC in 2025.

Regulatory Resolution Paves Way for Wall Street Entry

Ripple’s $125 million settlement with the Securities and Exchange Commission in May 2025 ended years of uncertainty. SEC statements confirm that Ripple resolved all claims without admitting wrongdoing, paid $50 million directly to the agency, and had the rest released from escrow. This resolution gave large financial institutions the assurance needed to pursue spot ETFs.

Franklin Templeton’s participation is notable for its size, lending credibility to XRP’s story as a payment utility. Investors can now access XRP through regulated products managed by well-known custodians and with clear transparency.

Still, prospectuses caution that risks remain, including XRP’s volatility, limited diversification, and regulatory uncertainty abroad. The ETF holds only XRP and cash, making it unsuitable as a standalone investment.

XRP’s Technical Advantages Drive Institutional Interest

XRP runs on the decentralized XRP Ledger (XRPL), designed for rapid payment settlement. XRPL documentation highlights near-instant, low-fee transactions and notes that over 3.3 billion transfers have been processed on the network.

XRPL’s consensus system is said to be energy efficient, settling transactions in three to five seconds. These features attract institutions seeking alternatives to SWIFT and traditional cross-border systems.

Franklin Templeton’s prospectus and Grayscale Research both stress XRP’s usefulness as a currency bridge and for efficient, scalable transfers. With these characteristics, XRP sets itself apart from cryptocurrencies like Bitcoin, which mainly serve as a store of value.

The current rally coincides with rising open interest in XRP futures, pointing to growing involvement from institutional and retail traders and suggesting sustained market activity.

Geopolitical Dimensions and China Exposure Speculation

Some analysts believe XRP could play a role in new cross-border payment corridors, including those in Asia, the Middle East, and Africa. Black Swan Capitalist has argued that China has indirect exposure to XRP through the BRICS New Development Bank and leading Japanese fintech SBI Holdings. However, direct adoption remains limited by Chinese policies.

China already has indirect exposure to XRP through the BRICS New Development Bank, SBI, and the cross-border payment corridors linking Asia, the Middle East, and Africa. The rails don’t stop at the Great Wall, despite what some on Twitter might think.

— Black Swan Capitalist (@VersanAljarrah) November 21, 2025

BRICS business council recommendations from April 2025 urged support for cross-border digital settlements — a theme in line with XRP’s core design, despite no explicit mention of the cryptocurrency. The recommendations highlight a growing need for efficient digital payment systems.

The European Central Bank is also examining cross-border payment infrastructure. Project Nexus was discussed during an April 2025 speech about linking payment systems in Asia and Europe. These trends echo the global relevance of the XRP Ledger’s use cases.

The post XRP Jumps 9% as Franklin Templeton and Grayscale Launch Spot ETFs appeared first on BeInCrypto.

The crypto market is looking at recovery with Bitcoin reclaiming $85,000 as support. This is pushing the altcoins upwards as well, reigniting hopes of a rally and potential all-time highs.

BeInCrypto has analysed three such altcoins that could hit new all-time highs in the coming days.

Undead Games (UDS)

UDS has surged 9% in recent days and now trades at $2.33, supported by bullish signals from the Ichimoku Cloud. The indicator highlights strengthening momentum, helping the meme coin maintain upward pressure as investors look for high-volatility opportunities in the current market environment.

UDS is now roughly 24.3% away from its all-time high of $2.90. Reaching this level will require strong investor participation and favorable market conditions. The altcoin must first break through the $2.48 and $2.59 resistance zones, which have historically capped upward movement.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

If momentum fades and investor support weakens, UDS could face a reversal. A fall below the $2.29 support may send the price toward $2.17 or even $2.12. Such a decline would invalidate the bullish thesis and signal a shift toward short-term downside risk.

Kite (KITE)

KITE is trading at $0.098 and sits roughly 35% below its all-time high of $0.133. The altcoin has been climbing steadily for several days, with bulls attempting to establish $0.099 as a firm support level to sustain upward momentum.

The RSI currently signals a bullish outlook as it remains above the neutral 50.0 mark. This positioning suggests continued upside potential as long as KITE avoids entering the overbought zone, where momentum often stalls and short-term corrections emerge.

If market support weakens, KITE may struggle to maintain its gains. A drop toward the $0.089 support could follow, and losing that level may send the price to $0.079. Such a decline would invalidate the bullish thesis and signal renewed downside risk.

Wefi (WFI)

WFI is trading at $2.17 and sits just below the $2.25 level, which also marks its all-time high reached last week. The altcoin remains in a tight range as traders watch for signs of renewed momentum capable of driving a decisive breakout.

WFI recently bounced off the $2.10 support level and is now less than 3.7% away from retesting its ATH. The Parabolic SAR shows a clear uptrend, signaling that bullish pressure is building. If this momentum holds, WFI could push past $2.25 and set a new high.

If bullish momentum weakens, WFI may repeat previous patterns by touching the ATH and falling again. A rejection at this level could pull the price below $2.10 and potentially toward $2.00 or even $1.92. Such a move would invalidate the bullish thesis and expose WFI to a deeper correction.

The post 3 Altcoins That Could Hit All-Time Highs In The Final Week Of November appeared first on BeInCrypto.

Monad’s MON token surged more than 35% within 24 hours of launch, defying both a cold airdrop market and a deep November sell-off across digital assets. 

MON traded around $0.035 on Monday, rising from an early range near $0.025 as liquidity spread across major exchanges.

Monad Shines Bright Amid the Bear Market

The move stands out against a market where most airdrops have struggled. Recent industry research shows nearly 90% of airdropped tokens decline within days, driven by thin liquidity, high FDVs, and aggressive selling from recipients. 

MON instead climbed strongly despite more than 10.8 billion tokens entering circulation from airdrop claims and a public token sale.

$MON TGE today.

Simplest Monad airdrop play is still liquid staking. Stake and forget while farming points.

If Monad does well, one of the $MON LSTs will be Lido of ETH and Jupiter for Solana.

Question is which.

I look for:

– Exclusive to Monad
– No TGEd yet
– Already…

— Ignas | DeFi (@DefiIgnas) November 24, 2025

The token launched on November 24 alongside Monad’s mainnet. Around 76,000 wallets claimed 3.33 billion MON from a 4.73 billion-token airdrop, while 7.5 billion more unlocked from Coinbase’s token sale. 

The airdrop alone was valued near $105 million at early trading prices.

MON’s performance also contrasts with the broader market downturn. Bitcoin fell below $90,000 last week after long-term holders sold more than 815,000 BTC over 30 days. 

Total crypto market value has dropped by over $1 trillion since October, and sentiment sits in extreme fear territory.

However, MON’s trading demand remained resilient. Its price recovered from initial selling pressure and climbed steadily through the afternoon session. 

Most large exchanges listed the token at launch, including Coinbase, Kraken, Bybit, KuCoin, Bitget, Gate.io, and Upbit, supporting deeper liquidity.

Analysts attribute the move to pent-up interest in Monad’s high-performance L1 design and a launch structure that avoided the steep inflation seen in other airdrops this year.

People really gravedancing on Monad right before a 4 hour 50% up candle at the most obvious support on planet earth

Man I love this game

— DonAlt (@CryptoDonAlt) November 24, 2025

The project delivered one of 2025’s largest distributions but kept real circulating supply focused on early users and public sale participants rather than speculative farmers.

MON’s rally comes as a rare outlier in November’s bear cycle. Its early strength now positions the token as one of the few airdrops this year to post immediate gains instead of sharp declines.

The post Monad Token Defies Market Rout With Sharp Post-Launch Rally appeared first on BeInCrypto.

A multisignature wallet tied to the controversial LIBRA meme coin has moved $9 million after nine months of complete inactivity. 

The sudden activity occurred just as the US justice system was considering freezing related funds to protect the ongoing investigation, which is being overseen in the US Southern District Court.

Inactive LIBRA Wallet Awakens

The wallet, labeled “Milei” on several blockchain monitoring platforms, sent 69,000 SOL—worth roughly $9 million—through a series of opaque addresses. 

Blockchain analyst Fernando Molina, who detected the activity, said the path suggests an attempt to obscure the destination of the funds. The wallet had remained untouched since February 15, one day after LIBRA collapsed following its chaotic launch.

Caso $LIBRA :

Cuando faltaban enviar a penas 800 mil dólares de los 9 M, la jueza Rochon cita a Hayden Davis y los damnificados en USA a una audiencia para hoy a las 6pm. Los movimientos continuan mientras tanto

Pude encontrar a donde están enviando el dinero. Es una wallet de… https://t.co/1OtnznC9mX pic.twitter.com/Lr1RnH3zC2

— Fernando Molina (@fergmolina) November 24, 2025

The move represents the first known outflow from any multisig wallet linked to the project. Such wallets require at least two signatures, indicating coordinated action. 

The timing also coincides with an emergency request filed in Manhattan, where plaintiffs in a class-action lawsuit seek to halt further fund movements before more assets disappear. The request is now before Judge Jennifer Rochon, who is presiding over the case.

Threat of Lost Evidence

Legal counsel from the Burwick Law firm, representing plaintiffs, told the court that they believe the defendants may soon convert their remaining assets into privacy coins that can erase all transaction history. 

Court documents warn that critical funds linked to the LIBRA launch could be lost if the conversion occurs. The filing claims the defendants are only steps from destroying evidence.

The plaintiff’s lawyers argued that the concerns were not hypothetical, according to court documents accessed by BeInCrypto. 

They pointed to two specific incidents on November 16 and November 18. These events showed that the defendants had already begun using anonymization tools designed to erase the blockchain trail.

Plaintiffs Argue Funds at Risk

According to the legal filing, the first event, held on November 16, served as a clear test run. A wallet linked to the LIBRA team routed funds through the NEAR Intents protocol and then into a shielded Zcash address. 

Once inside Zcash’s privacy pool, the money became mathematically untraceable. Plaintiffs described this as a deliberate proof of concept showing that the defendants could make LIBRA proceeds disappear beyond recovery.

Two days later, the activity escalated significantly. On November 18, defendants began converting more than $60 million in USDC tied to LIBRA into roughly 456,000 SOL. 

The funds were then consolidated into two newly created “positioning” wallets—a common step used before assets are pushed through privacy systems or cross-chain anonymization routes. 

The movement, according to the filing, strongly suggested preparation for a full-scale laundering operation similar to the one conducted on November 16. 

The escalating activity has now prompted the court to act urgently. A hearing on the plaintiffs’ request for injunctive relief is scheduled for this Tuesday at 4 p.m. EST.

For investigators and plaintiffs, the coming hearing could determine whether the remaining LIBRA funds stay traceable or disappear for good.

The post Dormant LIBRA Wallet Moves $9 Million Amid US Pressure appeared first on BeInCrypto.

Billion-dollar liquidation events have become a new normal in recent months. These events show that traders continue to get caught off guard by market volatility. Several altcoins in the final week of November could create similar surprises.

These are the altcoins and the reasons they may trigger major liquidations.

1. XRP

XRP’s 7-day liquidation map shows notable risk levels. If XRP rises to $2.32 this week, approximately $300 million in short positions will be liquidated. If XRP falls to $1.82, around $237 million in long positions will be liquidated.

Short traders in the final week of November may face liquidation for several reasons. For example, Grayscale’s XRP ETF will debut on the NYSE on November 24. US-listed XRP ETFs have also posted a cumulative total net inflow of more than $422 million, despite the broader market decline.

However, other reports show that XRP whales have shifted from accumulation to heavy selling in recent days. This selling pressure could push XRP lower and trigger liquidation for long positions.

These conflicting forces may cause losses for both long and short traders, especially as the derivatives market shows signs of heating up again.

2. Dogecoin (DOGE)

Similar to XRP, Grayscale’s DOGE ETF is also set to launch on November 24. The launch is expected to boost sentiment around the leading meme coin.

ETF expert Nate Geraci believes the Grayscale Dogecoin ETF (GDOG) marks an important milestone. He views it as clear evidence of major regulatory changes over the past year.

“Grayscale Dogecoin ETF. First ‘33 Act doge ETF. Some (many) might laugh. But this is a highly symbolic launch. IMO, the best example of a monumental crypto regulatory shift over the past year. By the way, GDOG might already be a top-10 ticker symbol for me,” Geraci said.

If these positive factors push DOGE above $0.16 this week, total short liquidations could reach $159 million.

However, another report shows that whales sold 7 billion DOGE over the past month. If this selling pressure continues, it may cap the recovery or even trigger a decline.

If DOGE falls below $0.13, long liquidations could exceed $100 million.

3. Tensor (TNSR)

Tensor (TNSR) rallied by more than 340% last week, drawing strong attention from traders. However, the price quickly corrected by nearly 60% from its recent peak at $0.36.

Simon Dedic, founder of Moonrock Capital, argued that the rally looked suspicious. He suggested that the price action showed signs of an “insider pump.”

Tensor and Coinbase have not responded to these accusations. Yet other analysts note that the top 10 wallets hold roughly 68% of the total supply. This concentration creates significant risk and increases volatility.

These factors could influence TNSR’s price in the coming days. If the price rises to $0.19, short liquidations may reach nearly $6 million. If the price drops to $0.11, long liquidations may exceed $5 million.

The post 3 Altcoins Facing Major Liquidation Risk in the Final Week of November appeared first on BeInCrypto.

The new location-visibility feature on X has sparked an immediate wave of racism, harassment, and doxxing across Crypto Twitter. 

The update has also raised serious safety concerns, with experts warning it could make crypto-targeted crime and kidnappings easier.

Twitter’s New Location Tool

X now has a new “About This Account” feature that displays the country or region linked to every user profile, marking one of the platform’s most significant shifts toward identity transparency. 

The update appears automatically on profile pages and cannot be disabled, giving audiences a clearer sense of where accounts are based. According to the company, the feature helps combat misinformation, reduce bot activity, and provide more context around conversations.

“This is an important first step to securing the integrity of the global town square. We plan to provide many more ways for users to verify the authenticity of the content they see on X,” said Nikita Bier, Head of Product at X. 

The move follows months of internal discussion about how to make interactions on X more accountable and less anonymous.

However, it has also fueled a rise in racist behavior on the platform and intensified fears about security risks, particularly in crypto circles.

Racism Spikes Post-Update

Many users say the feature has already triggered a wave of hostility across the platform. 

Shortly after the rollout, Crypto Twitter timelines filled with screenshots of xenophobic comments, mocking posts, and targeted harassment aimed at users whose newly revealed locations made them easy targets. 

Bullying Indians, Pakistanis, Nigerians, or anyone else because of where they’re from doesn’t make you funny

It just shows what kind of scumbag you are

CT has always been about merit, not nationality or skin color

If you’re still making these type of jokes, you’re not funny.…

— 0xMarioNawfal (@RoundtableSpace) November 23, 2025

Different accounts have since reported being singled out for their nationality or region, turning routine discussions into flashpoints for racial slurs and regional prejudice. 

The shift has exposed long-standing cultural tensions within the crypto community, where anonymity has often protected users from personal attacks tied to identity.

Security concerns escalated just as quickly.

Kidnapping Fears Emerge

Prominent crypto figures have warned that disclosing even regional location data poses real-world risks for anyone discussing or holding crypto. 

🚨WARNING🚨

X is now doxxing everybody’s country by default. Best you can do is change to region.

Given the security risks in crypto, especially with all the recent kidnappings, I think this is a terrible move.

See the image below where you can change from country to region.👇 pic.twitter.com/itn5aLTfkW

— Beanie (@beaniemaxi) November 22, 2025

Several users raised concerns about kidnapping, extortion, and home-targeted crime. These threats are already prevalent in areas where crypto wealth makes individuals vulnerable. Many in the community see anonymity as a key layer of protection. 

Weakening that layer can open new paths for criminals. Users argue that the feature, despite its transparency goals, may expose high-value individuals to danger. They fear it could help bad actors track potential targets by region.

The post Elon Musk’s New X Feature Skyrockets Racism and Crypto Kidnapping Concerns appeared first on BeInCrypto.