American Bitcoin reports 453% YoY sales growth and 3,000 Bitcoin accumulation

Key Takeaways American Bitcoin reported $64.2 million in Q3 sales. This represents a 453% year-over-year increase. Share this article American Bitcoin, a cryptocurrency mining firm linked to Eric Trump’s business initiatives, reported $64.2 million in third-quarter sales, marking a 453% increase from the same period last year. American Bitcoin has accelerated both its Bitcoin production and accumulation strategy. During Q3, the firm added over 3,000 Bitcoin to its reserve, ending the quarter with 3,418 BTC total. The company operates under the ticker ABTC on Nasdaq and focuses on bitcoin mining…

ETH Crashes 10%, Smart Money Piles In as Whales and Institutions Double Down

Ethereum (ETH) dropped sharply over the past 24 hours, losing nearly 10% to trade below $3,200. The latest plunge extended a week-long decline that has pressured the broader cryptocurrency market. Despite the downturn, accumulation continued across multiple wallets. Stealth Accumulation Wave Lookonchain reported that BitMine Immersion Technologies, the Ethereum-focused digital asset treasury (DAT) firm led by Wall Street strategist Thomas Lee, remains active in the market. The on-chain analytics platform identified a new wallet, likely linked to the company, receiving 9,176 ETH from the Galaxy Digital OTC wallet. This stash…

Pig-Butchering Scams Emerge as a National-Security Concern: Chainalysis

The multibillion-dollar scam known as “pig-butchering,” once treated as a consumer-fraud issue, has crossed a new threshold and is prompting concerns over national security.  In a podcast, Chainalysis head of national security intelligence, Andrew Fierman, and former prosecutor Erin West, founder of cross-sector anti-scam nonprofit Operation Shamrock, discussed how pig butchering is becoming a threat to national security.  “So if anybody is touching money in any way, you’re part of this. So you need to be prepared to understand the threat and the gravity of what’s happening on a national…

Why Is Ripple’s (XRP) Price Down Today (November 14)?

Was the ETF launch a classic sell-the-news event? In line with the rest of the cryptocurrency market, Ripple’s native token turned dark red today with a notable 9% drop that pushed it south to under $2.30 as of press time. Trading volumes have picked up to more than $7 billion on crypto exchanges, but the interest in the token seems to be growing due to the launch of the first US-based spot XRP ETF that has a 100% exposure to the asset. CryptoPotato reported yesterday that the last hurdle…

Cathie Wood’s ARK Buys The Dip With $46M Circle Stake

Cathie Wood’s investment company ARK Invest is back to buying shares of USDC issuer Circle as the stock sinks below $90. ARK bought a total of 542,269 Circle (CRCL) shares over the past two trading days, investing around $46 million, according to the firm’s daily trading disclosures seen by Cointelegraph. The two acquisitions — a $30.4 million purchase on Wednesday and a $15.5 million buy on Thursday — came amid a decline in CRCL shares, which closed at $86 and $82.30, respectively. The fresh purchases mark ARK’s first CRCL transactions…

Bitcoin ETFs Log 2nd Worst Day At $866M, But Bull Market Intact: Analyst

Demand for Bitcoin and crypto-linked investment funds continued to decline Thursday, despite the long-awaited end of the 43-day US government shutdown. US spot Bitcoin (BTC) exchange-traded funds (ETFs) saw $866 million in net outflows on Thursday, marking their second-worst day on record after the $1.14 billion daily outflows on Feb. 25, 2025, according to Farside Investors. This marked the second consecutive day of outflows for the Bitcoin ETFs, as the end of the 43-day US government shutdown failed to reignite investor appetite. The $866 million outflows occurred a day after…

Here’s What Happened on Day 1

XRPC posted $245 million inflows despite sub-$60 million day-one volume thanks to massive in-kind creations. The Canary XRP ETF (XRPC) logged a standout first trading session on November 13, posting more than $58.5 million in volume and about $245 million in net inflows. The debut pushed XRPC ahead of Bitwise’s Solana fund (BSOL), which previously held this year’s top spot for ETF launches. XRPC Lands as Year’s Biggest ETF Launch XRPC surged out of the gate at market open after Nasdaq certified the listing the evening before, with analyst…

BTC Plunges to a 6-Month Low – More Blood Ahead or Bottom Near?

Bitcoin has broken below the $100,000 mark. As of press time, the price sits at $97,1000, down 6% over the last 24 hours and 4% in the past seven days. Meanwhile, volume remains high, and sellers continue to control the market. Traders are watching key levels to assess whether more downside is likely. Price Rejected at $107K, Trend Turns Lower The $107,000 zone once again acted as unbreakable resistance. Bitcoin failed to move above it, then quickly reversed. Michaël van de Poppe noted the rejection led to a move below…

Aave’s Push Service Gains MiCA Authorization for Stablecoin On-Ramps

Aave Labs became one of the first major decentralized finance (DeFi) projects to secure authorization under Europe’s new Markets in Crypto-Assets (MiCA) regulation, allowing the company to offer regulated stablecoin ramps across the European Economic Area (EEA). The approval enables “Push,” Aave Labs’ fiat-to-crypto service, to let users convert between euros and crypto assets, including the Aave protocol’s native stablecoin, GHO. The Central Bank of Ireland granted the authorization to Push Virtual Assets Ireland Limited, a wholly-owned subsidiary of Aave Labs.  The company selected Ireland for its European operations, signaling…

Bitcoin Price Tanks Below $97K as Analyst Warns the Worst Is Yet to Come

The total crypto market cap is down by roughly $200 billion daily. Despite the positive developments on a macro front, such as the US government reopening, BTC’s quite unfavorable price actions continued in the past 12 hours or so as the asset plunged to a new multi-month low. The cryptocurrency stood above $107,000 just three days ago after Trump promised to send tariff checks of at least $2,000 to some Americans and hinted that the government shutdown might end soon. However, bitcoin failed to capitalize on this momentum and…