crtypto & forex news

Fire knocked out power and halted bitcoin mining at Greenidge’s Dresden, New York site after an electrical failure sparked a blaze last week. According to reports , the incident forced the plant to shut down its generation and data center operations, temporarily stopping both company-run rigs and machines operating for clients. Electrical Switchgear Failure Reported Based on reports, an electrical switchgear malfunction on November 23, 2025 started the fire and triggered automatic safety systems that de-energized the facility. The Dresden plant, which has about 106 megawatts of generation capacity, was taken offline immediately to prevent further damage. Company filings and local updates said none of the hosted mining machines — including those co-located for NYDIG — suffered material damage during the event. A fire just halted operations at Greenidge Generation’s #Bitcoin mining site — a major facility co-hosting rigs for NYDIG. No hardware lost, but the incident reveals a h...

Bitcoin regained price levels above $90,000 after trading beneath this key zone for the majority of the past two weeks. Within this period, the premier cryptocurrency saw a decline to as low as $80,600, marking a more than 10% deviation from the aforementioned support.  As the price stands fairly over $90,000, there seems to be a recovery underway. However, a closer monitoring of on-chain activity has revealed that the reality is diametrically opposite to widespread expectation. LTH-STH SOPR Ratio Spikes To 2.63 — What This Means In a recent QuickTake post on CryptoQuant, the on-chain analytics platform Arab Chain reveals a shift within the internal structures of the Bitcoin market. This report revolves around readings obtained from the Binance: BTC SOPR Ratio (LTH – STH) metric, which assesses and compares the profit-taking behavior of Bitcoin’s long-term holders (LTH) to that of its short-term holders (STH).  Arab Chain highlights that the LTH-STH ratio recently saw a s...

The Bitcoin, Ethereum, and XRP prices are showing signs of recovery as traders across regions take sharply different approaches to the latest price swings. Fresh market data reveals that buying and selling pressure is no longer evenly distributed throughout the day, with the United States emerging as the key source of support. At the same time, other regions struggle to regain a solid footing.  US Traders Fuel Bitcoin, Ethereum, And XRP Price Recovery Bitcoin’s market has moved once again as fresh on-chain data shows a clear divide in buying and seeking across global trading hours. A recent shift in US trading activity has had a noticeable impact on the broader crypto market. Ethereum and XRP, which experienced a sharp decline in previous weeks, have begun to stabilize and show mild recovery as Bitcoin strengthens during US hours.  Currently, the price of BTC is above $90,000 after crashing below $87,000 earlier in the week. Ethereum has also reclaimed the $3,000 level ...

Cardano’s core ecosystem organizations have submitted a new proposal requesting 70 million ADA from the Treasury to fund a coordinated set of infrastructure upgrades. The proposal, which was made by the founding entities, the Midnight Foundation, and Intersect, targets important components that Cardano still lacks , and its approval could shape how the network grows heading into 2026.  Why Cardano Is Making This Move Now Despite Cardano’s reputation as a well-established Layer-1 blockchain, its ecosystem still lacks several must-have infrastructure pieces that underpin vibrant decentralized finance (DeFi), real-world asset (RWA) tokenization and institutional participation. However, the situation might improve soon with a collaborative effort, as revealed in the Cardano’s Critical Integrations Budget proposal for 2026. The Critical Integrations Budget proposal brings together Input Output, Emurgo, the Cardano Foundation, Intersect, and the Midnight Foundation under a single pla...

The rush toward the XRP Exchange-Traded Fund (ETF) has intensified as new institutional funds move closer to launch. Early data and analysts’ commentary point to a rapidly expanding ETF landscape that could significantly tilt the market toward cryptocurrency. With multiple XRP ETFs now live and more still set to launch, the market narrative is shifting towards major inflows and accelerating demand . Over 12 XRP ETFs Still Awaiting Launch Popular crypto analyst JackTheRippler recently highlighted that more than a dozen XRP ETFs are still lined up for launch, reinforcing expectations that institutional interest in the cryptocurrency is still expanding rapidly. Currently, XRP is already dominating the ETF market , with its inflows surpassing those of Solana and Dogecoin.  Among the investment products still awaiting launch is the 21Shares Core XRP Trust ETF , which is expected to go live this month if final regulatory approvals align. WisdomTree also has an XRP ETF pending as pa...

South Korea’s largest cryptocurrency exchange, Upbit, is facing a second major security crisis after 44.5 billion won (around $30–32 million) in digital assets were drained from a hot wallet, with authorities “strongly” suspecting North Korea’s Lazarus Group. According to ICT industry sources and government officials cited by Yonhap News on November 28, investigators are focusing on Lazarus, a hacking unit under North Korea’s Reconnaissance General Bureau, as the likely perpetrator. The group was also suspected in Upbit’s 2019 breach , when approximately 58 billion won in Ethereum was stolen. North Korean Crypto Hackers Strike Again The latest incident again centers on a hot wallet — an internet-connected operational wallet — replicating the core vulnerability of 2019. A government official quoted by Yonhap said the attack likely did not involve a deep server exploit but instead an administrative compromise: “Rather than a server attack, it’s possible they compromised an administra...

According to the Swiss Federal Council and government sources, Switzerland will postpone the automatic exchange of cryptocurrency account data with foreign tax authorities until at least January 2027. That means the country will still pass new rules next year, but the cross-border sharing of crypto tax files will not start on schedule. Delay Comes Despite Law Entering Into Force Based on reports , the legal framework that brings crypto into the international tax reporting system is set to take effect on January 1, 2026. Yet the step that actually lets Swiss authorities send data to other countries has been paused after a key parliamentary committee suspended its work on which partner states to include. In practice, firms in Switzerland will face new domestic reporting duties in 2026, but the first round of international data swaps will wait until at least 2027. Parliament Approved A List Of Partner States Earlier Reports have disclosed that the Federal Council had previously pre...

Crypto firm Ripple recently achieved a major milestone, providing a bullish outlook for the XRP price . XRP is also seeing significant demand amid the launch of the U.S. spot ETFs, which could trigger a price surge for the altcoin.  Ripple Developments That Are Bullish For The XRP Price In a press release , Ripple announced that its stablecoin RLUSD has gained recognition as an accepted Fiat-Referenced token by Abu Dhabi’s financial regulator. This enables the use of the stablecoin within the region’s financial markets. This marks a positive for the XRP price, as it could boost RLUSD’s demand , thereby increasing the demand for the altcoin as the native token of the XRP Ledger.  Notably, the on-chain analytics platform Sentora (formerly IntoTheBlock) recognized RLUSD as one of the fastest-growing stablecoins, with its market cap increasing by 38.8% over the last month. Meanwhile, this development follows Ripple’s completion of the Hidden Road deal, which also strategicall...

Nasdaq’s options venue is moving to put BlackRock’s iShares Bitcoin Trust (IBIT) in the same risk tier as the largest, most liquid ETFs in traditional markets, with a new proposal to multiply the ceiling on IBIT options positions to 1 million contracts. According to a rule filing submitted to the US Securities and Exchange Commission (SEC), Nasdaq ISE is seeking to raise position and exercise limits for IBIT options from 250,000 contracts to 1,000,000 contracts. In parallel, the exchange wants to remove position limits entirely for physically settled FLEX IBIT options, a bespoke, institution-focused segment of the market. Why This Is A Major News For Bitcoin The request comes only months after IBIT options limits were raised from 25,000 to 250,000 contracts. Bloomberg ETF analyst Eric Balchunas noted on X that “they just raised the limit to 250,000 (from 25,000) in July,” adding that “IBIT is now the biggest bitcoin options market in the world by open interest.” The speed of that p...

A crypto analyst known as NoLimit has shared a set of long-range price targets for several major cryptocurrencies, projecting where he believes they could peak by 2029. His list covers Bitcoin, Ethereum, XRP, Solana, Dogecoin, Cardano, Monero, Sui, BNB, and Kaspa.  These numbers were not presented as technical analyses or chart-based forecasts. Instead, they are expectations for how the market may grow over the next few years. XRP, Solana, And Dogecoin Dominate The Analyst’s Targets Among all the assets listed , the most surprising projections center on XRP at $10, Solana at $600, and Dogecoin at $0.75. His full list includes other major cryptocurrencies too, giving a broader context to his outlook: Bitcoin at $190,000; Ethereum at $4,800; Cardano at $1.10; Monero at $750; Sui at $25; BNB at $1,800; and Kaspa at $0.50. These numbers project a significant expansion in market capitalization and adoption over the next four years. NoLimit did not explain how he arrived at these ta...

Even though the price of Ethereum has been steadily declining over the past few weeks, the leading blockchain is now experiencing a surge in adoption. Currently, the number of transactions per second processed on the network has increased significantly, reaching unprecedented levels. New Throughput Record For The Ethereum Network In a highly volatile cryptocurrency landscape, the Ethereum network has just reached a new milestone in terms of usage and adoption. On-chain data shows that more transactions are now being carried out on the leading blockchain, indicating renewed interest in the ETH ecosystem. The Ethereum network has surged to a new all-time high in Transaction Per Second (TPS) as shared by Joseph Young on the social media platform X. The new TPS peak suggests that the ecosystem is shifting into a higher gear, where demand for smart contracts, rollups, and L2s all come together to form a single upward push. According to the data, over 31,083 transactions are now being ...

The Federal Reserve is now days away from halting its multi-year balance-sheet reduction, and the shift is beginning to ripple through Bitcoin and crypto discussions. The approaching end of Quantitative Tightening (QT) is a clear turn in monetary policy, and analysts are already pointing to historical parallels from the last time QT stopped. One particular analysis highlights how the previous transition from QT to liquidity expansion correlated with an altseason, leading to expectations that the same thing could happen again. QT’s Final Days And Why It Means For Bitcoin And Crypto Quantitative tightening has applied steady pressure on liquidity since 2022. But in its most recent policy decision (late October 2025), the US Fed decided to stop the balance-sheet runoff and cease QT as of December 1, 2025. The end of quantitative tightening means a transition into a more accommodative environment, one where liquidity stops shrinking and investor confidence gradually returns. This is e...

Institutional investors last week dumped Bitcoin, Ethereum, and Solana for XRP. This came as BTC, ETH, and SOL recorded major outflows while XRP bucked the trend, with significant inflows.  Institutions Offload Bitcoin, Ethereum, Solana For XRP A CoinShares report showed that Bitcoin, Ethereum, and Solana funds saw outflows of $1.27 billion, $589 million, and $156 million, respectively. Meanwhile, the XRP funds recorded net inflows of $89.3 million last week. Notably, XRP was one of the few altcoins to see inflows, as crypto funds as a group posted total outflows of $1.94 billion last week.  This marked the 4th consecutive week of outflows for crypto funds, totaling $4.92 billion and representing 2.9% of total assets under management (AuM). The CoinShares report also noted that this is the 3rd largest run of outflows since 2018, only topped by March 2025 and February 2018. Despite these outflows, the total inflows into Bitcoin, Ethereum, Solana, XRP, and other crypto fu...

Heightened volatility continues to hamper Bitcoin ’s price, which is currently hovering around the $86,000 threshold after falling from its all-time high. During this prolonged period of bearish price action, there has been an increase in long bets among investors, especially large holders, also known as whales. Whale Dominates Bitcoin Long Positions While the price of Bitcoin struggles to gain upward traction once again, an interesting divergence has been observed among BTC whales and retail investors. Specifically, the BTC derivatives market is showing a startling imbalance where retail traders are either wary or outright suspicious, and whales are stocking up on long bets at one of the most aggressive levels witnessed this cycle. Joao Wedson, a market expert and the founder of Alphractal, shared this development on the social media platform X after examining the key Bitcoin Whale Vs. Retail Delta metric. Presently, an intriguing picture of market psychology is being painted by ...

Kevin Hassett has surged ahead in the race to become the next Federal Reserve Chair, as the crypto market watches closely. Hasset emerged as President Donald Trump’s preferred candidate while the administration accelerates its search ahead of a planned Christmas announcement. With Jerome Powell’s term ending in May 2026, the stakes for markets, especially crypto, are enormous. Hassett Leads the Pack as Trump Eyes Aggressive Rate Cuts Multiple reports from Bloomberg, Reuters, and other outlets confirm that Hassett, the current director of the White House National Economic Council , has become the clear frontrunner among five finalists vetted by Treasury Secretary Scott Bessent. Others still in contention include Kevin Warsh, Christopher Waller, Michelle Bowman and BlackRock executive Rick Rieder. But it is Hassett’s alignment with Trump’s preference for faster and deeper interest-rate cuts that has put him in pole position. In recent interviews, Hassett said he would cut rates “ri...

Texas made history this week by becoming the first US state to incorporate cryptocurrencies into its treasury strategy, purchasing $10 million in Bitcoin (BTC).  Texas Leverages BlackRock’s Bitcoin ETF Market expert MartyParty disclosed on social media platform X (formerly Twitter) that this investment was executed on November 25, 2025, through BlackRock’s spot Bitcoin exchange-traded fund (ETF). This strategic move positions Texas as a trailblazer in state-level cryptocurrency adoption, reflecting a growing institutional interest in Bitcoin as a hedge against inflation and as a vehicle for financial innovation. The initiative is rooted in legislative actions encapsulated in Senate Bill 21 (SB 21), known as the Texas Strategic Bitcoin Reserve and Investment Act.  Signed into law by Governor Greg Abbott on June 20, 2025, this bill was sponsored by State Senator Charles Schwertner and garnered bipartisan support, passing the Senate with a vote of 25-5 in March and the Hous...

Global risk desks are recalibrating their dashboards this week after prominent financial commentator and Bitcoin supporter Robert Kiyosaki reiterated his claim that the world is heading toward the “biggest crash in history.” His warning, amplified across markets already dealing with tightening liquidity and geopolitical volatility, has once again triggered fresh debate across traditional finance markets. The central question now circulating through trading floors and digital-asset circles is: if his prediction plays out, what would it mean for Bitcoin’s strategic outlook ? Why Kiyosaki Believes A Major Global Crash Is Approaching In a post on X, Kiyosaki said the economic collapse he predicted over a decade ago in Rich Dad’s Prophecy is now unfolding. He pointed to simultaneous weakness across the United States, Europe, and Asia as clear evidence that the downturn is spreading globally. A major factor he highlighted is the impact of artificial intelligence on employment, which he ...

According to on-chain analyst James Check, Bitcoin may face a political crisis as much as a technical one if powerful quantum computers arrive. He warns that the hard part will not be the math but getting the Bitcoin community to agree on how to protect coins that have not moved for years. Dormant Supply At Risk Reports have disclosed that roughly 32.4% of all Bitcoin has not moved in the past five years, and nearly 17% has stayed still for more than a decade. That stockpile includes addresses that expose public keys, which are the main target if quantum attacks become practical. Some analysts estimate roughly 6–7 million BTC sit in these vulnerable formats. Those holdings are already being watched by security experts. Bitcoin Uses Elliptic Curve Signatures Bitcoin’s current protection relies on ECDSA and Schnorr signatures. According to researchers and standards bodies, those schemes can be broken by Shor’s algorithm if a large enough quantum computer appears. The US Nation...

Ethereum co-founder Vitalik Buterin is sounding the alarm over X’s new “show which country the account is from” transparency tag, arguing that the feature will be quickly undermined by spoofing while exposing some users to unacceptable privacy risk. X has recently expanded its “About This Account” surface, letting users see metadata such as an account’s country or region alongside creation details, a move the platform positions as a tool against manipulation and inauthentic behavior. Ethereum Founder Sounds The Alarm Buterin’s first post acknowledged near-term upside but framed the system as fragile under adversarial pressure. “In the short term it will have lots of positive effects,” he wrote. He then predicted that sophisticated operators will adapt faster than the platform can harden the signal: “the sophisticated actors will find ways to pretend to be from countries that they are not,” pointing to rentable passports, phone numbers, and IP infrastructure that can be used to manuf...

Even while the price of Solana experienced a slight bounce on Sunday, investors are still feeling the pain from the current pullback. Given the sharp drawdown in SOL’s price, a significant portion of the supply held by investors is now in the red, which is triggering a wave of uncertainty in the market. Solana Investors Slip Into The Red Amid Price Weakness Following the recent bearish action of Solana’s price , its market pressure seems to have increased sharply. This notable increase in ongoing market pressure is reflected in the Solana Percent Supply in Profit metric. After examining the metric, Ted Pillows, a market expert and investor, reveals that the percentage of SOL supply held at a loss has deepened to levels not seen in a long time. Despite strong ecosystem activity and relentless development momentum, price volatility has put more SOL holders in the loss, signaling growing strain across the network’s investor base .  Data shared by Ted Pillows shows that over 79.6...

One of Bitcoin’s most recognizable champions has stunned the market by revealing that he liquidated a multi-million-dollar portion of his holdings at roughly $90,000 per coin.  Robert Kiyosaki, the Rich Dad, Poor Dad author whose unwavering support for Bitcoin has shaped conversations across the financial world, confirmed that he cashed out $2.25 million worth of BTC after holding it for years. Kiyosaki Dumps $2.25 Million In Bitcoin At Around $90,000 Bitcoin broke below the $90,000 level on November 20 after a wave of intensified selling, and new information indicates that one of the asset’s most outspoken believers played a part in that downward pressure. Taking to the social media platform X, Robert Kiyosaki explained that he sold $2.25 million worth of BTC, with the coins originally purchased at about $6,000 each years ago. The sale happened around the $90,000 price zone, meaning he profited about $84,000 on each coin. He framed the announcement as “practicing what I te...

Quick Facts: DAT stocks are trading below their net Bitcoin holdings as volatility, ETF outflows, and index risks hammer the digital treasury model. Michael Saylor says he won’t back down, despite MSTR’s 41% decline; his thesis rests on $6.1B in unrealized profits from Strategy’s 649,870 Bitcoin-strong treasury. Bitcoin Hyper builds a Bitcoin Layer 2 using an SVM execution layer, a Canonical Bridge, and ZK proofs to bring fast, low-fee $BTC DeFi. The $HYPER presale is above $28.3M, with $HYPER selling at $0.013325 and a potential 1,400% ROI by the end of 2026. Digital Asset Treasury (DAT) stocks are bleeding, trading below the value of the Bitcoin they hold. Some rivals have started dumping coins to shore up their balance sheets. In the middle of that carnage, Strategy’s Michael Saylor is smiling into the camera and calmly dismisses the fears for a DAT crash. He also downplays MSTR’s 41% decline, pointing out the $6.1B in unrealized profits from its Bitcoin stack, now coun...