CryptosNewss

Grayscale officially launched the Grayscale Chainlink Trust ETF, also known as GLNK, on the NYSE Arca on Tuesday, marking the first spot Chainlink ETF to enter the U.S. market. The product transitioned from a private trust to a fully listed ETF following an amended S-1 filing submitted last month.
The newly listed ETF holds Chainlink’s native token, LINK, as its sole asset, offering traditional investors direct exposure to the Chainlink oracle network. A Grayscale representative told Decrypt that Chainlink was a natural choice due to the firm’s longstanding support of the network and the trust’s operation as a private fund since 2021.
A Milestone for Blockchain Oracle Exposure
According to Grayscale, GLNK makes the company the first asset manager to offer ETF access to blockchain oracle infrastructure. The spokesperson explained that the ETF will help investors engage more directly with Chainlink’s critical technology layer, which connects smart contracts to real-world data and off-chain computation.
The GLNK prospectus describes Chainlink as infrastructure that synchronizes on-chain and off-chain information, enabling a wide range of smart contract use cases across multiple blockchains.
Follows Grayscale’s DOGE and XRP ETF Conversion Path
The Chainlink ETF launch followed a similar conversion route used in Grayscale’s DOGE and XRP ETFs, which also began trading on NYSE Arca after clearing SEC procedures. The cash-only creation and redemption model used in these products requires authorized participants to manage more of the transaction process themselves, often leading to wider price spreads during early trading.
According to Grayscale, the SEC’s updated listing standards approved in September were key to enabling the GLNK launch. The firm noted that it was able to rely on a filing pathway outlined by the SEC at the onset of the government shutdown. That triggered 20 days after which the registration became automatically effective.
Strong First Day Trading Activity
Early trading showed strong investor interest. By midday Tuesday in New York, Grayscale reported very positive volume, which ultimately reached 1.17 million shares on launch day. This significantly exceeded the ETF’s average 42000 share volume and indicated strong price discovery as GLNK transitioned from OTC markets to NYSE Arca.
GLNK closed its first trading day at 11.89 dollars, marking a 5.8 percent increase. After-hours trading pushed the price to around 12 dollars, based on Yahoo Finance data.
Grayscale said it has observed enthusiasm from a wide range of investors, with secondary market activity reflecting this sentiment.
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#Grayscale #Chainlink #SEC $LINK

Bitcoin continued to show weakness as its long-standing four-year parabola curve finally cracked. At press time, BTC traded near 86000 dollars with market dominance at 58 percent, pushing its total valuation below 2 trillion dollars. Despite bearish pressure, veteran analyst and Market Wizard author Peter Brandt believes the next bull cycle may still reach the 200000 to 250000 dollar range.
Cycle Multiples Show Shrinking Yet Predictable Patterns
Brandt noted that Bitcoin has consistently followed a historical pattern where each four-year cycle hits a new all-time high, followed by retracement phases exceeding 75 percent. According to him, traders must accept the cyclical decay that Bitcoin has shown and its repeated alignment with long-term patterns.
He warned that Bitcoin could continue falling in the short term, as low as 50000 dollars. However, he highlighted that if BTC revisits this level, the reaction could be explosive and may fuel the next major bull market.
Brandt stated,“Agree with it or not, you will have to deal with it. Should the current decline carry to 50k, the next bull market cycle should carry to 200k to 250k.”
Since Bitcoin’s inception, at least five similar parabolic cycle breaks have played out, each shaping long-term market direction.
Bear Trend Weakens as Miners Capitulate
The recent break of the parabola curve hinted at extended bear conditions. Yet, several indicators suggest that bearish strength is weakening. The ADX, a tool used to measure trend strength, has been dropping, signaling the bear trend is losing momentum.
On-chain activity highlighted miners capitulating. A miner’s wallet recently moved 50 BTC earned more than 15 years ago, worth 4.33 million dollars. Such movements often coincide with cycle bottoms and major trend shifts.
Brandt had previously warned that losing the parabola curve would deepen bear market conditions. This miner activity aligns with signals seen during prior cycle resets.
Bitcoin Discussions Surge on Social Platforms
Despite the price drop, social chatter around Bitcoin has surged. Data from Santiment showed rising discussions on Bitcoin, MicroStrategy, Tether, Dent, Chainlink, and Polkadot. Historically, increased discourse during market downturns often correlates with capitulation phases and long term accumulation opportunities.
Short Term Outlook Suggests Support Near 80000 Dollars
Technically, BTC is forming support near 80000 dollars. A failure to hold this area could open the path toward 50000 dollars, completing the bearish scenario described by Brandt. A breakdown below 75000 dollars strengthens bearish odds.
However, traders view this discount zone as an attractive long opportunity. If Bitcoin manages to stabilize above 80000 dollars and reclaim momentum, the probability of a long term bullish reversal remains intact.
While threats of a deeper drop exist, the long term analysis still supports the possibility of Bitcoin reaching 200000 to 250000 dollars in the next cycle.
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#BTCRebound90kNext? #PeterBrandt $BTC

Bitcoin is attempting a recovery after a sharp decline that pushed the price below multiple support levels, but reclaiming the upside may prove difficult as strong resistance awaits near $88,000.
BTC dropped firmly below $90,000 earlier this week, losing important momentum and slipping under the $88,500 and $88,000 zones. Sellers tightened their control and even forced a move below $86,500, with Bitcoin forming a local low at $83,870. The move marked one of the deepest intraday corrections the market has seen in recent sessions.
Following the decline, Bitcoin began a gradual recovery. The price moved above $85,000, clearing the 23.6 percent Fibonacci retracement level of the drop from the $91,928 swing high to the $83,870 low. A short-term bearish trend line was also broken at $86,000, offering temporary relief to bulls.
Despite this bounce, BTC still trades below $88,000 and remains under the 100-hour Simple Moving Average, signaling that upside pressure remains limited.
Resistance Levels That Could Slow Bitcoin’s Comeback
Immediate resistance stands near $87,250, followed by a stronger barrier at $88,000, which also aligns with the 50 percent Fib retracement level of the recent decline.
A decisive break above $88,500 could allow Bitcoin to attempt a move toward the $90,000 resistance. Sustained buying above this region may trigger a rally toward $91,500, and possibly $92,000 to $92,500 if market sentiment shifts.
However, analysts caution that reclaiming these levels may be difficult unless Bitcoin sees a strong surge in volume.
What Happens If Bitcoin Reverses Again?
If BTC fails to break above $88,000, the market risks another downward push.Key support zones include:
• $85,500 – Immediate support• $85,000 – First major support• $83,500 – Secondary critical level• $82,500 – Near-term downside target• $81,200 – Main support before potential acceleration lower
A break below $81,200 could trigger a deeper correction and stronger bearish momentum.
Technical Indicators
• Hourly MACD – Losing pace in the bearish zone, suggesting weakening downward pressure.• Hourly RSI – Now above 50, indicating temporary strength but no confirmed bullish reversal.
BTC continues to navigate a mid-range consolidation, with bulls attempting to stabilize price action while bears maintain resistance at every upward move.
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#BTC86kJPShock #BTCRebound90kNext? $BTC

Tether CEO Paolo Ardoino has pushed back strongly against S&P Global following its decision to downgrade USDT’s dollar-peg stability. He argued that the rating—lowered from level 4 (“constrained”) to 5 (“weak”)—relied on what he described as outdated legacy models, incomplete data, and an inaccurate representation of Tether’s financial position.
S&P’s downgrade, issued on November 26, placed USDT at the bottom of its 1–5 rating scale. The agency pointed to what it classified as “high-risk assets” in Tether’s reserve composition, including Bitcoin, gold, corporate bonds, secured loans, and other assets carrying credit or market risk. It also noted rising exposure outside traditional money-market holdings.
The move surprised much of the industry, given USDT’s long history of maintaining its peg during volatile market cycles and serving as the most widely used settlement asset across global crypto exchanges.
Ardoino Argues S&P Ignored Core Reserves, Equity, and Revenue Strength
In response, Ardoino dismissed the report as incomplete, stating that S&P failed to account for the full asset structure of Tether Group, including substantial equity and long-term buffers.
According to Ardoino, Tether held at the end of Q3 2025:• Approximately $184.5 billion in stablecoin reserves• Around $23 billion in retained earnings• Roughly $7 billion in excess equity• An additional $7 billion in secondary reserve buffers
He claimed that these numbers demonstrate Tether is over-collateralized, not under-secured, and that critics continue to rely on outdated narratives about insufficient backing.
Ardoino also highlighted Tether’s powerful revenue engine. With significant exposure to U.S. Treasuries, the company is earning around $500 million per month from government debt yield alone—a figure that has grown in tandem with its holdings of short-term U.S. securities.
He argued that this recurring income was largely overlooked in S&P’s assessment, despite being central to Tether’s growing financial strength.
Critics Renew Concerns Over Asset Allocation
The downgrade reignited debate among analysts who have long scrutinized Tether’s non-traditional reserve components.
Arthur Hayes, former BitMEX CEO, hinted that Tether may be accumulating more gold and Bitcoin. He warned that a steep decline—30 percent or more—in these assets could materially impact the company’s equity and potentially expose USDT to stress conditions.
However, other experts countered the bearish outlook.Joseph Ayoub, former top digital asset analyst at Citi, stated that after years of studying Tether, he believes the company remains significantly stronger than its critics suggest. He emphasized that:
• Tether’s reserves exceed its liabilities• Large portions of its equity are not included in public snapshots• The company generates billions in interest income with fewer than 150 employees• USDT is better collateralized than most traditional banks
Ayoub’s view highlights a split in analyst sentiment—between those concerned about Tether’s diversification into riskier assets and those confident in the company’s balance-sheet structure.
Market Implications
USDT remains the dominant stablecoin globally, underpinning billions in daily trading volume across exchanges. Any shift in confidence—even if temporary—can influence liquidity, trading spreads, and broader market sentiment.
As of now, Tether maintains that its reserves, equity position, and revenue output place it on solid financial footing, despite S&P’s downgrade.
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#USDT #Tether $USDT

Bitcoin’s decline intensified today as sellers fully reclaimed market control, wiping out recent gains and pushing BTC below the crucial $88,000 level. According to market data reviewed by CryptosNewss, the world’s largest cryptocurrency has dropped over 5 percent within hours, signaling renewed bearish pressure across the market.
The correction began shortly after Bitcoin failed to sustain momentum above the $92,000 resistance zone. This triggered a sharp fall below $90,500 and $90,000, with BTC breaking a key bullish trend line at $89,500 on the hourly chart of the BTC/USD pair, based on Kraken data.
A fresh low formed at $86,500, where the price is now consolidating. BTC is trading well below both the $90,000 mark and the 100-hourly Simple Moving Average, reinforcing bearish sentiment.
Key Resistance Zones Ahead
Bitcoin must break above $87,850 to attempt any recovery. The next significant resistance lies at $89,200, aligning with the 50 percent Fib retracement of the fall from $91,928 to $86,500.
If BTC successfully closes above $89,500, buyers may attempt to retest $90,650, followed by $91,500, and eventually the $92,000–$92,500 barrier.
Deeper Losses Likely if Support Fails
If Bitcoin fails to reclaim $87,800, analysts warn of another leg downward.Key support levels include:
$86,500 – Immediate support$86,000 – First major support$85,500 – Next critical level$83,500 – Potential short-term downside target$82,200 – Major support, beneath which sharper declines may accelerate
Technical indicators confirm bearish pressure:
MACD shows increasing momentum in the downside zoneRSI remains below 50, signaling weak buyer strength
Market volatility is expected to persist as traders react to global macro pressures and fading bullish momentum.
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#BTCRebound90kNext? #bitcoin $BTC

Chainlink’s LINK token is showing renewed strength as the Chainlink Strategic Reserve continues its steady accumulation, purchasing $1.18 million worth of LINK in the last 24 hours.The acquisition comes during a highly volatile quarter where the broader crypto market has faced major losses and widespread sell-offs.
The Chainlink Strategic Reserve, launched on August 7, 2025, was created to channel enterprise demand directly into LINK and maintain long-term liquidity for ecosystem growth. Despite the recent downturn, the Reserve has maintained an aggressive accumulation strategy.
LINK Reserve Shrinks to $4B — But Accumulation Remains Strong
Over the past two months, Chainlink Reserve valuations fell sharply from $8.1 billion to $4 billion due to the broader market collapse.However, instead of retreating, the entity doubled down on its mission.
$1.18M in LINK purchased in the last 24 hours170,300 LINK worth $2.2M accumulated over the past week
This sustained buying pressure suggests high institutional confidence, even during deep corrections.It also reduces LINK’s circulating supply, easing potential sell pressure and positioning the token for future upside.
Organic Demand Surges, Market Data Shows Buyer Dominance
According to on-chain data from CryptoQuant, LINK buyers have been in control for the past six days.
The Spot Taker CVD metric shows strong buyer dominance, meaning traders are willingly paying the asking price to enter long positions. This represents true organic demand, not leveraged speculation.
Spot data also reinforces the trend:
Spot Netflow: -$578K, indicating tokens leaving exchangesPrevious day: - $2.88M, signaling heavy accumulation
Negative netflows typically indicate long-term holders withdrawing tokens from exchanges, a strong bullish signal.
LINK Price Outlook: Can It Hit $15 Next?
LINK has been trading inside a mini ascending channel after bouncing from the $11 level last week.The token reached $13.5 and currently trades around $13.4, up 0.46% daily and 11.3% weekly, reflecting bullish momentum.
The Stochastic RSI, however, is at 97, indicating overbought conditions. While this confirms strong buyer control, it also warns of potential volatility.
Bullish Scenario
If buyer momentum continues:
LINK could break $15Next major target: $16.1
Bearish Scenario
If sellers re-enter:
Parabolic SAR support at $11.94Possible short-term correction due to overbought RSI
For now, the combination of aggressive Reserve accumulation, strong market demand, and sustained on-chain inflows positions LINK for a potential breakout.
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#Chainlink #LINK $LINK

Arthur Hayes, co-founder of BitMEX, is holding firmly to his extreme prediction that Bitcoin could still hit $200,000–$250,000 by the end of 2025.Speaking on the Milk Road Show on November 26, he argued that the recent crash to $80,000 marked the cycle bottom and confirmed that the macro liquidity outlook is now shifting in Bitcoin’s favor.
Despite the volatility seen through October and November, Hayes said he remains fully confident in his long-term target.“I’m going to stick with it,” he said. “If I’m wrong it doesn’t matter… I’m long, I’m still happy either way.”
Hayes Says $80K Was the “True Bottom” After Liquidity Shock
Hayes explained that the entire drop from Bitcoin’s $125,000 peak to the $80,000 low was simply a reaction to a global liquidity squeeze rather than a structural bear market.
He pointed to his dollar liquidity index, based on Bloomberg data, showing about $1 trillion drained from money markets since July.This liquidity drain stemmed from:
The U.S. Treasury is rebuilding its cash reservesThe Federal Reserve is maintaining quantitative tighteningDeclines in institutional flows mask overall tightness
According to Hayes, Bitcoin initially ignored these signals because ETF inflows and Digital Asset Treasury (DAT) issuances temporarily offset the liquidity crunch. Once those flows reversed, Bitcoin corrected sharply to align with real monetary conditions.
ETF Flows Were Misread — “It Was Just a Basis Trade”
Hayes warned that retail traders misinterpreted ETF inflows as a sign of bullish institutional conviction.
He revealed that major IBIT ETF holders—including Brevan Howard, Goldman Sachs, Millennium, Jane Street, and Avenue—were not long-term spot buyers, but basis traders profiting from a spread between ETF shares and futures contracts.
“They buy the ETF, pledge it, short futures and earn 7 to 10 percent annually,” Hayes said.When funding rates fell in September and October, these traders unwound the strategy, causing ETF outflows that retail incorrectly viewed as institutional dumping.
Digital Asset Treasuries Also Lost Their Edge
DAT companies, which issue stock and debt to buy Bitcoin when trading at a premium to NAV, also contributed to the downward pressure.As their valuations fell back to par or discount, they could no longer issue new securities profitably — and in some cases had incentives to sell Bitcoin and repurchase their own shares.
Hayes argued that these combined unwinds simply reflected the tightening liquidity cycle, not a fundamental shift in Bitcoin’s long-term outlook.
Why Bitcoin Is Stuck Around $90K
When asked why Bitcoin remains range-bound near $90,000, Hayes said markets are waiting for real confirmation that the new U.S. administration will unleash another wave of liquidity.
He highlighted that discussions of:
aggressive bank lendinga new industrial stimulus strategya potential shift in Federal Reserve leadership
are still political promises rather than implemented programs.
Markets need clarity on how the next “$10 trillion” in liquidity will be deployed, Hayes said.Once tangible policy actions begin, he expects Bitcoin to accelerate sharply.
“We have essentially bottomed on the liquidity chart,” Hayes concluded. “The direction from here is higher.”
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#ArthurHayes $BTC

Upbit, South Korea’s largest crypto exchange, has confirmed a major security breach leading to the theft of nearly 44.5 billion won, or roughly $30 million in digital assets.According to early investigations, the attack is suspected to be tied to the North Korea–linked Lazarus Group, raising new concerns about state-sponsored cyber threats targeting major exchanges.
The incident, reported by CryptosNewss, occurred due to unauthorized access to an administrator account, not a server-level hack. This distinction highlights persistent vulnerabilities in internal security frameworks across centralized exchanges.
Lazarus Group Suspected in $30M Upbit Theft
Upbit revealed that more than 20 different token types were stolen, including Solana (SOL), USDC, and several memecoins. Among them, Solana formed the largest portion of the loss.
Upbit CEO Oh Kyung-seok, who leads Dunamu, the parent company, reassured users that all losses will be fully covered.He stated:
“Upbit will cover the entire amount to ensure that no damage is incurred to your assets.”
Authorities in South Korea, along with cybersecurity agencies, have initiated a formal investigation. With past operations tied to the Lazarus Group, officials believe this attack may be part of the group’s continuous targeting of crypto infrastructure for financial gain.
Exchange Response: Compensation and Security Reinforcement
Following the breach, Upbit has temporarily tightened withdrawal and administrative controls. The exchange has also launched enhanced audits on its internal security systems, particularly on privileged access permissions.
Current market data paints a challenging picture. Solana (SOL) trades at $139.15, with a -3.20% drop in 24 hours and a -28.53% decline over the last 30 days, according to CoinMarketCap. The stolen tokens’ volatility adds complexity to valuation and recovery processes.
Industry Impact: Rising Threats and Regulatory Pressure
Cybersecurity analysts warn that centralized exchanges remain prime targets, especially for well-funded groups like Lazarus.Experts expect increased regulatory scrutiny, with stronger compliance requirements around admin-level authentication and internal audits.
A recent analysis by The CryptosNewss suggests that future exchange approvals may require stricter cybersecurity certifications as global threats continue to escalate.
As the investigation widens, Upbit aims to restore full trust by compensating users and strengthening system protections — a crucial step during a period of heightened digital asset risk.
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#Upbit

Justin Sun has intensified his global campaign to recover the missing $456 million in TUSD reserves, following a major legal breakthrough secured through the Dubai International Financial Centre (DIFC) Court. In a Hong Kong media briefing titled “Truth Unveiled, Justice Revealed,” Sun announced that the case has now entered a more aggressive enforcement phase.
The DIFC Court issued an indefinite worldwide asset freeze on Aria Commodities DMCC and related entities on October 17. This marks the first global freeze in the ongoing dispute and blocks any movement of funds connected to the alleged fraud. The ruling applies across multiple jurisdictions, strengthening Sun’s efforts to trace and recover the missing reserves.
Sun expressed strong confidence in the ruling, calling it “fair and resolute,” adding that his team is tracing reserve assets across international markets. “Justice may be delayed, but it will never be denied,” he said, reinforcing that “full recovery and restitution” remain the top priority.
Investigations Expand Across Hong Kong, Dubai, Cayman Islands
With the freeze order now active, the case is entering a new phase of legal action. Authorities across Hong Kong, Dubai, the Cayman Islands, and other regions are expected to escalate investigations. Sun stated that additional evidence and recovery steps are already underway, with ongoing probes targeting individuals, including Vincent Chok, Matthew Brittain, and former TrueCoin executives.
How the $456 Million Went Missing
The dispute dates back to 2020 after Techteryx acquired TUSD. TrueCoin, the token’s original operator, continued managing reserves. However, investigations show that TrueCoin, First Digital Trust (FDT), Legacy Trust, and offshore entities tied to Matthew Brittain allegedly fabricated documents, submitted misleading filings, and moved funds out of regulated custody.
The diverted reserves were reportedly transferred to bank accounts connected to Aria DMCC, a Dubai firm owned by Brittain’s spouse. Evidence suggests that FDT CEO Vincent Chok approved and facilitated these transfers, allegedly receiving kickbacks. The U.S. SEC later accused TrueCoin of misleading investors about TUSD’s reserves, exposing deeper operational misconduct.
Sun’s Role in Preventing TUSD Collapse
Despite the controversy, TUSD has maintained near-dollar stability largely due to Justin Sun’s support. As previously reported by Cryptopolitan, Sun issued a significant loan of around $450 million to stabilize Techteryx and prevent disruption for holders.
FDT has denied Sun’s accusations, with Chok stating there is no evidence to support the claims and signaling intent to pursue legal action. Sun, however, remains firm and prepared for a multi-jurisdictional legal fight, framing his efforts as protection for the broader crypto ecosystem.
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#JustinSun #TUSD $TUSD

Zcash (ZEC) may have endured a painful week with a 20% price decline, but fresh institutional confidence has injected new momentum into the privacy-focused cryptocurrency.
A new Digital Asset Treasury (DAT) update from Reliance Global Group has provided a significant boost. The company revealed that it has shifted its entire DAT exclusively into ZEC, fully exiting all other crypto positions following a strategic review by its Crypto Advisory Board.
Reliance Global Makes Full ZEC Allocation
The board concluded that Zcash offered the strongest long-term value proposition among all assets previously held. The company highlighted Zcash’s privacy-preserving architecture, Bitcoin-based foundation, and compliance-oriented flexibility as its core advantages.
In a public statement, Ezra Beyman, Chairman and CEO of Reliance Global Group, explained the decision:
“As we evaluated the rapidly evolving digital asset landscape, it became clear that Zcash’s privacy architecture and institutional flexibility align more closely with our vision than a diversified crypto portfolio.”
The move follows recent strong performance from ZEC, previously reported by CryptosNewss, which noted notable gains over the past three months.
Market Pressure Mounts Despite Institutional Vote of Confidence
While the DAT shift supports long-term sentiment, near-term pressure on ZEC remains visible.Across major trading pairs—including BTC, ETH, SOL, and BNB—Zcash fell 13–18% over the week, signaling broader weakness.
Market metrics paint a cautious picture:
Open Interest remains near $695 million, showing traders haven’t exited aggressively.Funding rates remain negative, indicating a persistent short bias.No major leverage unwind is visible, suggesting controlled but bearish sentiment.
Technical Indicators Show Weak Momentum
At press time, ZEC trades around $496, extending its weekly decline beyond 20%.
Key indicators include:
Price broke below the 20-day EMA, showing weakening short-term momentum50, 100, and 200-day EMAs sit far lower, keeping the long-term trend intactRSI signals fading buying strength, not yet oversoldCMF shows negative capital flow, confirming rising sell pressure
ZEC spent the week consolidating under stress, but analysts note room for recovery if demand strengthens—especially with a major entity doubling down on long-term confidence.
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VanEck’s push to launch the first U.S.-listed BNB exchange-traded fund has taken a significant step forward with a newly updated SEC filing, advancing the proposed product closer to a Nasdaq debut under the ticker VBNB.
On November 21, VanEck Digital Assets submitted Amendment No. 2 to its Form S-1 filing with the U.S. Securities and Exchange Commission. The amendment outlines key operational, valuation, and custody details for the VanEck BNB ETF, reinforcing the company’s intention to list the fund on the Nasdaq Stock Market.
According to the filing, the ETF’s objective is straightforward:“The Trust’s investment objective is to reflect the performance of the price of BNB tokens, less the expenses of the Trust’s operations.”
Designed for Institutional Scale on Nasdaq
VanEck’s filing notes that the ETF will price its shares using inputs from the MarketVector BNB Index, ensuring transparency and consistency in valuation. The structure allows Authorized Participants to manage basket transactions using either cash or in-kind BNB, enabling institutional desks to optimize liquidity during fast-moving market conditions.
The trust emphasizes strong operational clarity, confirming that VanEck Digital Assets LLC is the sponsor.
Not Registered Under the Investment Company Act
The filing highlights that the ETF will not be registered under the Investment Company Act of 1940 and will not employ derivatives, leverage, or CFTC-regulated futures products. This keeps the ETF aligned with the structure used by other spot crypto ETFs that operate independently of traditional mutual fund regulations.
Early capital came through a 4,000-share seed purchase on November 14, 2025, with each share valued at $25,000, reflecting the typical seeding model used by digital asset ETFs.
BNB Staking: Optional Future Feature
The filing confirms that the trust does not currently stake any BNB, but leaves the door open for future staking:
“In the future, to the extent the Sponsor in its sole discretion determines to stake all or a portion of the Trust’s BNB, the Sponsor will engage one or more third-party staking service providers.”
This flexibility signals a potential evolution toward passive yield generation, though no staking activity is included at launch.
Investor Risks Clearly Defined
The amendment stresses that shares are speculative, uninsured, and subject to the full volatility of BNB, including:
Custody and security threatsMarket disruption eventsLiquidity fluctuationsPotential loss of all invested capital
The filing reiterates BNB’s role as the native asset that powers BNB Chain, enabling transaction fees, smart contract execution, and network operations.
Institutional Demand Continues to Rise
Industry observers say that VanEck’s initiative reflects accelerating institutional demand for regulated crypto exposure. Supporters argue that ETF structures bring improved transparency and operational simplicity, removing the complexities of direct token management for institutional investors.
The updated filing marks another milestone in the growing expansion of crypto-linked ETFs, placing BNB alongside Bitcoin, Ethereum, DOGE, and XRP in the race for U.S.-regulated investment products.
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#VanEck #bnb $BNB

Grayscale’s highly anticipated spot Dogecoin ETF (GDOG) debuted with lower-than-expected trading volume, marking a softer start for the first direct-holding DOGE ETF in the United States. Bloomberg ETF analyst Eric Balchunas reported that the fund recorded $1.4 million in first-day volume, significantly below his expectation of $12 million, describing the debut as “solid for an average launch but low for a first-ever spot product.”
The debut arrives during a period of accelerating crypto ETF approvals in the U.S., following the Securities and Exchange Commission's easing of listing standards in September, which opened the door for more speculative asset-based products. Grayscale’s DOGE ETF, which is filed under the Securities Act of 1933, is among the first to offer direct exposure to Dogecoin.
Bitwise DOGE ETF Set to Begin Trading
Grayscale’s new product will soon face competition.On Tuesday, the New York Stock Exchange’s NYSE Arca filed to certify the approval and listing of the Bitwise Dogecoin ETF (BWOW). Bitwise confirmed that BWOW will begin trading on Wednesday, expanding the rapidly growing lineup of spot DOGE investment products.
This marks the arrival of multiple Dogecoin ETFs in a short time frame as major asset managers rush to test market demand for altcoin-focused exchange-traded funds.
How Other Dogecoin ETFs Compare
While Grayscale and Bitwise now offer direct DOGE exposure, the REX Osprey DOGE ETF (DOJE) was technically the first Dogecoin-related ETF in the U.S. after launching in September. DOJE, however, cannot directly hold DOGE due to its filing under the Investment Company Act of 1940, which offers a faster 75-day approval path but restricts asset custody.
DOJE debuted with $17 million in first-day trading volume, outperforming analyst forecasts of $2.5 million and significantly outshining GDOG’s quieter launch.
XRP ETFs Pull Strong Inflows
Dogecoin wasn’t the only crypto asset drawing ETF attention this week.
Two new spot XRP ETFs launched on Monday, attracting a combined $129.95 million in net inflows, according to SoSoValue.
• Franklin XRP ETF (XRPZ): $62.6M inflows• Grayscale XRP Trust ETF (GXRP): $67.4M inflows
These totals, however, remained below the record-breaking levels seen by earlier launches, including:
• Canary XRP ETF (XRPC): $243M on debut (Nov. 14)• Bitwise XRP ETF: $105M on first day (launched Thursday)
ETF analysts Eric Balchunas and James Seyffart believe this is only the beginning. They estimate more than 100 new crypto ETFs could enter the market over the next six months, highlighting a rapidly expanding landscape driven by investor demand and shifting regulatory sentiment.
Conclusion
While Grayscale’s DOGE ETF started slower than many expected, the wave of upcoming altcoin ETFs indicates increasing institutional interest in speculative crypto assets. With Bitwise entering the Dogecoin category immediately after Grayscale, the competition for market share is set to intensify.
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#DOGECOINETF #DOGE $DOGE

A major transformation is unfolding in global commodity markets as Tether, the issuer of the world’s largest stablecoin USDT, has quietly emerged as one of the biggest gold buyers worldwide, surpassing several central banks in total accumulation. According to a chart circulating this week, Tether has purchased 26 tonnes of gold, placing it ahead of sovereign buyers such as Kazakhstan, Brazil, Turkey, and Iraq.
The data shows Kazakhstan acquiring 18 tonnes, Brazil at 15 tonnes, while other countries, including Turkey and Iraq recorded gold purchases in the mid-single digits. Meanwhile, European and Asian nations like Bulgaria, Serbia, and the Philippines appear at the lower end of the chart with only 1–2 tonnes each. This places Tether, a private blockchain company, at the top of a ranking traditionally dominated by national monetary authorities.
The development is particularly striking given that central banks have historically been the largest contributors to global gold demand. This shift signals a growing trend where digital-asset companies are beginning to play a more direct role in shaping traditional macroeconomic flows.
Tether has long been recognized for its large exposure to U.S. Treasuries, forming a key part of the reserves backing USDT. However, its rapid gold accumulation introduces a new dimension to the company’s strategy. Market analysts believe this move may reflect a broader effort to diversify reserves and hedge against macroeconomic uncertainties, currency risk, and inflationary pressures.
The revelation is also drawing attention from traditional gold investors. For decades, “gold bugs” considered central banks to be the primary force behind rising gold prices. Now, a stablecoin issuer appears to be contributing significantly to upward price momentum, challenging long-held assumptions about drivers of the gold market.
If Tether continues accumulating gold at the same pace, analysts predict that its influence may expand well beyond the crypto ecosystem. Its presence could reshape demand trends in global commodities, signaling a powerful convergence between the worlds of digital assets and traditional finance.
For now, Tether’s emergence as a leading gold buyer highlights a new era where crypto companies are beginning to rival sovereign institutions in global economic influence.
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#Tether $USDT

Digital asset investment products experienced sharp withdrawals last week, with total crypto ETP outflows hitting $1.94 billion, marking the fourth consecutive week of negative flows. Fresh data from CoinShares shows combined redemptions now reaching $4.92 billion over the latest four week period, one of the largest loss streaks since 2018.
Despite the broad downturn, XRP emerged as the only major asset to register inflows, attracting $89.3 million in new capital and signaling strong institutional confidence in the asset.
Crypto ETP assets under management currently stand at $167.32 billion, while year to date flows remain positive at $44.43 billion, demonstrating long term investor commitment despite short term volatility.
Bitcoin and Ethereum Lead Market Outflows
Bitcoin products saw the most significant redemptions, totaling $1.27 billion, representing 65 percent of all outflows during the week. The downturn marked one of Bitcoin’s most intense withdrawal periods in 2024, although the asset briefly recovered on Friday with $225 million in inflows.
Ethereum ETPs followed closely with $589 million in weekly outflows, accounting for 30 percent of all redemptions. The second largest asset class suffered proportionally heavier impact, losing 7.3 percent of assets under management before rebounding slightly on Friday with $57.5 million in inflows.
Multi-asset crypto products recorded $35.9 million in weekly exits but remain slightly positive for the month with $9 million in inflows. Year to date performance for the category remains negative at $27 million.
XRP Dominates Altcoin ETP Performance
XRP was the standout performer of the week. While the broader market saw significant withdrawals, XRP investment products recorded $89.3 million in net inflows.
• Month to date inflows: $351 million• Year to date inflows: $2.32 billion• Total AUM: $2.23 billion
Other altcoins saw mixed performance:
• Solana: $156.2 million weekly outflows, though year to date remains positive at $3.24 billion.• Litecoin: $3.3 million in weekly inflows, adding to a positive year to date tally of $18 million.• Cardano: minimal activity with $0.1 million inflows.• Sui: $5 million weekly outflows, adding to month to date redemptions of $2.8 million.
United States Dominates Global Redemption Activity
The United States accounted for $1.69 billion of the total weekly outflows, representing 87 percent of global activity. Despite this heavy selling, US crypto ETPs still show strong year to date inflows of $41.19 billion.
Other regions recorded mixed performance:
• Switzerland: $79.7M weekly outflows• Germany: $118.2M weekly outflows• Canada: $27.1M weekly outflows• Sweden: $26.8M weekly outflows• Hong Kong: $1.9M weekly outflows• Brazil: $3.5M weekly inflows• Australia: $2M weekly inflows
Brazil and Australia were the only bright spots, adding modest capital despite global selling pressure.
Provider Level Data Shows Heavy Selling in iShares ETFs
At the provider level, iShares dominated outflows with $1.65 billion, representing 85 percent of total weekly redemptions. Month to date, iShares outflows reached $3.48 billion, although year to date still shows strong inflows at $34.82 billion.
Other provider activity:
• Grayscale: $114M weekly inflows, though to date, remains negative.• Fidelity: $116M weekly outflows.• CoinShares Digital Securities: $148M weekly outflows.• ARK 21Shares: $85M outflows.• 21Shares AG: $82M outflows.• ProShares: $46M outflows.• Bitwise: $5M inflows.• Others combined: $62M in positive flows.
Despite the overall negative week, select providers such as Grayscale and Bitwise signaled pockets of institutional accumulation.

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#XRP $XRP

Bitcoin’s recent recovery attempt is showing signs of exhaustion, with BTC losing momentum below the key $89,500 and $90,000 resistance zones. Despite bouncing strongly from the $82,000 level earlier in the week, the market is now turning cautious as technical indicators point to weakening upward pressure.
Data from Kraken shows Bitcoin climbing above the $85,000 and $86,500 resistance levels, breaking the 50 percent Fibonacci retracement zone from the $92,872 swing high to the $80,595 low. However, sellers remain active near the $89,000 to $90,000 region, preventing a clean breakout and signaling possible downside continuation.
Bitcoin Faces Strong Resistance Near $89K and $90K
A bearish trend line has formed at the $89,000 level on the hourly BTC USD chart. Bitcoin is currently holding above $87,000 and the 100 hourly Simple Moving Average, but momentum is fading.
Key resistance levels now sit at:
• $88,500• $89,000 trend line resistance• $90,000, aligned with the 76.4 percent Fib retracement level
Analysts note that a close above $90,000 would be required to restore strong bullish momentum. If this happens, BTC could retest $92,500, followed by $93,200 and eventually the $94,500 to $95,000 resistance band.
Market sentiment remains mixed as traders debate whether Bitcoin has enough strength to reclaim its recent highs or whether it will face another correction.
Risk of Another Decline if BTC Fails at Resistance
If Bitcoin fails to break above $89,000, analysts expect another pullback in the near term.
Immediate support levels include:
• $86,750• $86,000 (first major support)• $83,500• $82,500
The most critical long-term defense level remains $80,000. A breakdown below this zone could trigger a sharper correction, potentially accelerating downside pressure due to increased sell activity and reduced bullish volume.
Technical indicators support this cautious outlook:
• The hourly MACD is losing momentum in the bullish zone.• The hourly RSI is holding above 50, reflecting temporary support but declining strength.
Traders now watch the $90,000 level closely as the threshold that may determine Bitcoin’s next significant move.
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#BTCRebound90kNext? #BTC $BTC

The Bitcoin community is pushing back against a major shift in the global financial landscape, calling for a boycott of JP Morgan after reports revealed that MSCI intends to remove crypto treasury companies from its indexes beginning in January 2026. The leaked information, initially referenced in a JP Morgan research note, has ignited widespread anger among Bitcoin supporters and industry advocates.
MSCI, formally known as Morgan Stanley Capital International, is one of the most influential index providers in global finance. Its indexes guide billions of dollars in institutional flows from ETFs, mutual funds and pension funds. Inclusion generally attracts long term passive capital, while exclusion can trigger automatic sell offs and a decline in liquidity. The prospect of removing crypto treasury firms has raised concerns about major market disruptions.
Bitcoin Advocates Call for Public Boycott of JP Morgan
The backlash intensified after Bitcoin supporters urged the public to protest against JP Morgan. Real estate investor and Bitcoin advocate Grant Cardone claimed he faced difficulties withdrawing funds, stating that he was only able to remove 20 million dollars from JPMorgan Chase. Cardone further announced he plans to file a lawsuit against the bank over credit card related issues, highlighting the growing tension surrounding the boycott campaign.
Bitcoin advocate Max Keiser backed Cardone’s response, encouraging him to redirect funds toward Strategy and Bitcoin as a form of protest. The situation reflects the strong sentiment within the community following the MSCI leak.
Analysts warn that if MSCI moves forward with the exclusion of crypto treasury firms, asset managers and funds may be compelled to automatically sell shares of affected companies to maintain index compliance. Such action could generate negative pressure across the broader cryptocurrency market.
Strategy’s Position and Its Recent Nasdaq 100 Inclusion
The situation is especially significant for Strategy, a well known Bitcoin treasury company. Strategy was added to the Nasdaq 100 index in December 2024, a milestone that enabled it to attract passive capital from funds tracking the index. Any shift in MSCI classification could impact that flow of institutional exposure.
Michael Saylor, executive chairman and founder of Strategy, has already addressed the discussion surrounding MSCI’s considerations. He emphasized that Strategy is not a fund, a trust or a typical holding company. Instead, he described it as a Bitcoin backed structured finance firm that creates, designs and manages financial instruments rather than simply holding assets.
Saylor’s explanation highlights the ongoing debate over how Bitcoin heavy companies should be classified within traditional market indexes.
MSCI’s Proposed Threshold and Potential Market Impact
Sources familiar with MSCI’s draft proposal revealed that any company with more than 50 percent of its balance sheet allocated to cryptocurrency would lose its index status under the new rules. Affected companies would then be forced to choose between reducing their crypto holdings to remain eligible for index inclusion or forfeiting passive capital inflows from global market indexes.
Analysts caution that if multiple Bitcoin treasury firms decide to reduce their exposure quickly, the resulting sell off could generate downward pressure on digital asset prices. The uncertainty surrounding this proposal has already intensified industry-wide discussions about regulatory attitudes toward crypto treasury structures.
Market Preparing for Possible Policy Shift in January 2026
With the proposed changes scheduled for January 2026, investors, institutions and crypto-focused firms are preparing for potential outcomes. The decision could reshape how Bitcoin treasury companies interact with traditional finance and how much passive capital they can access through global index providers.
As debates continue, the Bitcoin community is mobilizing against JP Morgan, which was linked to early research coverage of the MSCI proposal. The rising tension highlights the deep interconnection between cryptocurrency markets and traditional financial infrastructure.
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#BTCVolatility #JPMorgan $BTC

Ethereum is approaching one of the most important technical moments of its current market cycle. Despite the latest decline, large wallets are buying aggressively, even as analysts warn that ETH is sitting on its final major support before a potential steep decline.
At the same time, Fundstrat’s Tom Lee has released new valuation estimates for Ethereum, creating a wide range between bearish and bullish outcomes. His model now places ETH’s fair value anywhere between 12,000 and 62,500 depending on market conditions, adoption and long term ETH to BTC ratios.
These conflicting signals have created a rare moment where price structure, investor confidence and whale activity are moving in different directions.
Tom Lee’s Massive Valuation Range Has the Market Talking
Tom Lee’s updated model has become a central topic across analyst circles. According to his breakdown, Ethereum’s valuation depends heavily on where the ETH to BTC ratio stabilizes in the months ahead.
Key valuation points include:
• Around 12,000 if ETH continues to follow its long term ETH to BTC historical average• Around 21,800 if the market eventually retests its 2021 ratio• Up to 62,500 if Ethereum becomes a core settlement layer for global transactions
The range is unusually wide and reflects uncertainty in both market behavior and Ethereum’s long term economic role. It also contrasts sharply with the current price of roughly 2,800.
Whales Accumulate Over 21,000 ETH While Retail Sells
In one of the most notable moves of the week, a Bitmine linked address accumulated 21,537 ETH, valued at more than 59 million dollars, during the recent decline. The purchase was executed around the 2,750 level, a time when thousands of retail traders were selling out of fear.
This behavior mirrors the kind of strategic accumulation seen in Bitcoin markets, particularly during MicroStrategy’s buying periods.
Data shows that aggregated open interest is holding steady around 15.46 billion dollars. There is no signal of aggressive panic, forced liquidations or leveraged wipeouts. The market appears to be stabilizing even as the chart looks heavy.
Whales are showing confidence where the crowd is showing caution.
ETH ETF Outflows Turn Negative for the First Time in Months
Weekly data from SoSoValue now shows that Ethereum ETFs have registered around 500 million dollars in net outflows. This marks one of the largest reductions in ETF exposure in recent months.
Total net assets have pulled back from recent highs, indicating that regulated and institutional ETF holders are reducing risk while spot market whales continue to accumulate.
This mismatch between ETF behavior and direct spot buying reflects two different risk profiles. ETF investors appear to be responding to price weakness and macro factors, while whales are using declines as accumulation opportunities.
Ethereum Sits on Its Final Structural Support Level
The most critical factor now is price structure. Ethereum is resting directly above its last major support zone, the same region that supported the entire 2022 to 2025 consolidation range.
Historical patterns from 2016 to 2018 and 2018 to 2021 show that when ETH loses this level, price often falls quickly due to a lack of nearby support. Analysts call this moment the cliff because the chart has almost no safety levels below it.
Sellers are showing strength and volume is rising. The candle structure is weakening at the exact level where buyers need to defend. Sentiment across social platforms appears positive, but the chart does not reflect that confidence.
If this support breaks, the next meaningful level is much lower.
What Happens Next for Ethereum
Two sharply different scenarios are now forming:
If support holds:Whale accumulation appears early and strategic, the Bitmine purchase becomes a strong signal, and long-term valuation models begin to look more realistic.
If support breaks:ETF outflows, weakening structure, and the wide gap below the current price could accelerate downward pressure. The lack of support beneath this zone makes any breakdown potentially severe.
Ethereum is now at a turning point that will test not only its price but also the conviction of long-term holders.
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#Ethereum $ETH

Bitcoin’s path to its next major price breakout may depend on one rare catalyst, according to ProCap chief investment officer Jeff Park. In a recent interview published on YouTube, Park said sovereign Bitcoin adoption by a major developed nation could instantly transform market dynamics and spark an explosive upside move.
Park believes this scenario represents the most powerful bullish trigger Bitcoin could experience in the near term. He explained that if an OECD-level country officially announced it was buying Bitcoin for its national reserves, the market reaction would be immediate and dramatic.
According to Park, Bitcoin could jump to nearly $150,000 overnight, representing a surge of roughly 76 percent from its publication price of $85,089, based on CoinMarketCap data.
However, Park stressed that the announcement must be legitimate.“It would have to be real,” he said, adding that Bitcoin investors have lived through earlier periods of speculation where unfounded rumors were treated as fact.
This time, he argued, only an authentic, confirmed move by a sovereign government would deliver such a historic price reaction.
Industry voices such as Samson Mow, founder of Jan3, have repeatedly stated that nation-state adoption is closer than many believe. Mow recently said the world is shifting from “gradually” to “suddenly,” referring to accelerating interest among governments.
Quantum Computing Adds Pressure on Long-Term Holders
Beyond the sovereign adoption narrative, Park addressed another growing concern among investors, especially long-term Bitcoin holders – quantum computing.
He described quantum as a “weird boogie man,” a looming technological threat that creates uncertainty among those holding Bitcoin for many years. Park suggested that this unease may be contributing to recent sell-offs by whales and veteran investors.
“If the whales are selling, they are selling for reasons that are probably just as likely to be improbable for the reasons having bought in 2012 and 2011,” Park said, implying that tail-risk events influence long-term behavior.
Despite these fears, Glassnode data shows nothing unusual.The analytics platform recently stated that long-term holders have been taking profits throughout this cycle, mirroring patterns seen in earlier bull markets.
Park believes “clarity on resolution” around quantum computing could help ease selling pressure.“If you stop the selling pressure, then the buying pressure is actually adding incremental capital for price action,” he noted.
Quantum Threat Debate Intensifies
Concerns about quantum readiness have been rising across the crypto sector.
Gianluca Di Bella, a smart-contract and ZK-proof specialist, said the quantum threat is not far-off but a present-day concern, urging faster development of quantum-resistant designs.
Meanwhile, Bitcoin analyst Willy Woo proposed an interim safety measure: moving BTC to a SegWit-compatible address until a quantum-secure solution is implemented.
As the industry watches both technological risks and macro-level catalysts, Jeff Park’s analysis highlights the possibility that one major geopolitical move could reshape Bitcoin’s global role overnight.
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#BTCVolatility $BTC

Bitcoin (BTC) has sharply dropped to around $84,168, showing strong selling pressure.The chart highlights a continuous downtrend with multiple red candles and increasing volume.Price recently fell from the $112k zone, signaling a major market correction.Moving averages (MA7, MA25, MA99) are trending downward, confirming bearish momentum.A large red volume spike indicates possible panic selling or liquidation events.Traders are watching if $80,600 will hold as support.Market sentiment appears uncertain, raising questions about a rebound or further decline.