What Are ETH’s Next Targets After Reclaiming $3K?

Ethereum has recovered above the $3,000 mark after weeks of downside pressure, sparking hopes of a potential trend reversal. While the price action looks more constructive in the short term, key resistance levels and the broader market mood are keeping traders cautious. Technical Analysis By Shayan The Daily Chart On the daily timeframe, ETH has bounced cleanly from the $2,600–$2,500 demand zone and is currently trading just above $3K, right at the edge of the previous support-turned-resistance zone. This bounce is pushing the price toward the 200-day moving average, located…

Hyperliquid (HYPE) Faces Key Test: Drop to $25 Ahead?

HYPE tests the $36 resistance after rebound; traders watch for a breakout toward $50 or a drop to $25 as key levels come into focus.  Hyperliquid (HYPE) has recovered slightly after falling below the $30 mark last week. The token is now trading at around $36, showing a 2% gain in the past 24 hours and 4% over the last 7 days. Meanwhile, this bounce comes as the market tests a key level that could determine HYPE’s next move. Retesting Breakdown Zone After Bearish Pattern HYPE is currently testing…

UK Expands Crypto Reporting Rules as Global Tax Oversight Tightens

The United Kingdom will require domestic crypto platforms to report all transactions from UK-resident users starting in 2026, expanding the scope of the Cryptoasset Reporting Framework (CARF). The change will give His Majesty’s Revenue and Customs (HMRC) — the UK’s tax authority — automatic access to both domestic and cross-border crypto data for the first time, tightening tax compliance ahead of CARF’s first global information exchange in 2027. CARF, designed by the Organisation for Economic Co-operation and Development (OECD), is a framework for the automatic cross-border exchange of crypto transaction…

MegaETH Admits ‘Sloppy Execution,’ Vows to Return Pre-Launch Funds

MegaETH assured users their contributions would not be forgotten, but clarified that every message or update must now follow compliance standards during the refund process. MegaETH announced that it will return all funds deposited into its Pre-Deposit Bridge. The Ethereum Layer 2 scaling solution reversed a pre-launch campaign intended to preload collateral for USDm, the native stablecoin of the network’s upcoming Frontier mainnet. The team said the execution of the event “was sloppy,” while noting that user expectations around an initial $250 million cap became misaligned with its goal…

CoinShares Unexpectedly Withdraws Staked SOL ETF Application

Asset manager CoinShares withdrew its Securities and Exchange Commission (SEC) application for a staked Solana exchange-traded fund (ETF) on Friday. The structuring deal and asset purchase behind the proposed fund were never completed, according to the SEC filing, which states: “The Registration Statement sought to register shares to be issued in connection with a transaction that was ultimately not effectuated. No shares were sold, or will be sold, pursuant to the above-mentioned Registration Statement.” The first staked Solana (SOL) ETF, issued by REX-Osprey, debuted in the United States in June,…

Polymarket Shows 87% Chance of December Fed Cut; Crypto Stocks Move Higher

Several crypto-linked stocks climbed on Friday as prediction-market odds of a December rate cut surged to 87% on Polymarket, the highest level this month. Three US-listed Bitcoin miners led the rally, with Cleanspark, Riot Platforms and Cipher Mining all rising in the session and showing double-digit gains over the past five days. Probability of a US rate cut in December. Source: Polymarket Yahoo Finance data showed Circle, the issuer of USDC, jumped nearly 10% in early trading, while Michael Saylor’s Strategy and Coinbase notched more modest increases at the time…

Pi Network’s (PI) Latest Update, Ripple’s (XRP) Recent Moves, and More: Bits Recap Nov 28

Check out the most interesting developments around PI, XRP, and ETH. The team behind Pi Network inked a strategic deal with a gaming platform, whereas Ripple expanded its presence in the Middle East. For its part, Ethereum (ETH) posted a substantial revival in the past week and is now the subject of optimistic price predictions. What’s New Around Pi Network? Earlier this week, the Core Team shook hands with CiDi Games (a gaming platform that builds Pi-integrated games millions of Pioneers can use). The collaboration’s main goals are to…

Fire Breaks Out at Greenidge New York Facility, Forcing it Offline

Greenidge Generation Holdings, a Bitcoin (BTC) mining company, disclosed that a fire broke out at its mining facility in Dresden, New York, where it co-hosts operations with mining company NYDIG. The fire broke out on Sunday due to an “electrical switchgear failure,” forcing the company to de-energize the entire facility, according to a Securities and Exchange Commission (SEC) filing. The fire did not damage the mining rigs, and the company said it would resume normal operations within a “few weeks,” without providing specific dates. Greenidge disclosed the fire at the…

Ripple Wave 5 Starting? Breakout Could Send XRP Above $5

XRP nears key breakout level as analysts track Wave 5 potential; whale wallets offload 2.2B XRP while technicals point toward $5.85. XRP is showing signs of a possible new wave in its market structure. Technical indicators and chart formations are aligning with a potential upside move. Analysts are watching for confirmation as price action approaches critical resistance levels. Signs of a New Wave Structure Analyst Dark Defender noted that XRP has completed its monthly Wave 4 correction based on Elliott Wave Theory. The last move in the ABC correction…

Cathie Wood’s ARK Sticks To $1.5M Bitcoin Target, Predicts Market Recovery

This week, cryptocurrency markets staged a long-awaited recovery, following four consecutive weeks of downside momentum. Bitcoin’s (BTC) price reclaimed the $90,000 psychological mark on Wednesday, bringing some much-needed relief for Bitcoin exchange-traded fund (ETF) holders, who were once again back in profit as BTC traded above the key $89,600 flow-weighted cost basis of ETF buyers. Bolstering investor sentiment, Cathie Wood, the CEO and chief investment officer of ARK Invest, said the company’s $1.5 million Bitcoin bull market price prediction remained unchanged, pointing to billions in returning liquidity following the end…