The company’s CEO said they have a new focus. One of the largest cryptocurrency-focused companies, CoinShares, said on Friday that it has withdrawn all of its applications to launch spot crypto ETFs in the United States, including filings for XRP and SOL. At the same time, the demand for both large-cap altcoins on Wall Street has been rather impressive, with the cumulative total inflows surpassing $600 million for each. CoinShares Pulls Out The battle for spot crypto ETFs in the United States has been gathering steam in the past…
Month: November 2025
Why China’s Bitcoin mining activity is surging again after a 4-year crackdown
Bitcoin mining in China is rising again. From dominance to ban to resurgence, this makes an engaging story. Source link
Why China’s Bitcoin mining activity is surging after a 4-year crackdown
From dominance to ban: The 2021 crackdown Before 2021, China controlled a large share of global Bitcoin (BTC) mining. Data from the Cambridge Bitcoin Electricity Consumption Index shows that Chinese miners produced about 65% of the world’s Bitcoin computing power in 2020. In 2021, the Chinese government moved to stop mining activity. Authorities cited concerns about financial risks, capital outflows and the high electricity use required for mining. In September 2021, the People’s Bank of China declared all cryptocurrency transactions illegal and confirmed the nationwide ban on mining. The immediate…
Arthur Hayes Warns Monad Could Crash 99% as ‘VC Coin’
Crypto veteran Arthur Hayes has issued a warning over Monad, saying the recently launched layer-1 blockchain could plunge as much as 99% and end up as another failed experiment driven by venture capital hype rather than real adoption. Speaking on Altcoin Daily, the former BitMEX chief described the project as “another high FDV, low-float VC coin,” arguing that its token structure alone puts retail traders at risk. FDV stands for Fully Diluted Value, which is the market value of a crypto project if all its tokens were already in circulation.…
Avail Launches Nexus Mainnet, Unifies Liquidity Across Ethereum, Solana, EVMs
[PRESS RELEASE – Dubai, UAE, November 28th, 2025] Avail Nexus goes live, connecting rollups, appchains, and dApps into one coordinated operational universe where liquidity, assets, and users move freely at scale. Avail, a modular blockchain infrastructure provider building the foundations for the next generation of applications and appchains, announces the launch of Avail Nexus Mainnet, its breakthrough crosschain solution that unifies liquidity and user flows across major ecosystems, including Ethereum, TRON, Polygon, Base, Arbitrum, Optimism, HyperEVM, BNB, Scroll, Monad, Kaia, Solana (coming soon), and others. The launch marks the first…
Pi Network (PI) Price Predictions for the Week Ahead
PI has been among the top performers lately, can it continue? Pi Network’s native token has somewhat defied the monthly crisis in the cryptocurrency markets. It’s down by 3% but this is quite insignificant compared to other digital assets, such as BTC, ETH, BNB, and SOL, all of which have plunged by more than 15% in the same timeframe. On a weekly scale, PI has even climbed by 13%, which has positioned it as the 59th-largest cryptocurrency by market cap as of press time. Consequently, we decided to ask…
Crypto Sentiment Exits ‘Extreme Fear’ Levels After 18 Days
After 18 days at the bottom of a widely used crypto market sentiment index, the market appears to be showing early signs of improving sentiment. The Crypto Fear & Greed Index, which measures overall crypto market sentiment, posted a “Fear” score of 28 on Saturday, the first time since Nov. 10 that it hasn’t posted an “Extreme Fear” score. The prolonged stretch near the index’s most bearish level for the majority of November, historically Bitcoin’s (BTC) best-performing month on average, did not go unnoticed by the broader crypto community. “Extreme…
How a Weak US Jobs Market Is Squeezing Bitcoin and Crypto
A “softening, not collapsing” jobs market meets a tired crypto rally Bitcoin has spent the later weeks of November struggling to hold momentum after setting new highs earlier in 2025. At the same time, US labor data has begun to signal a different kind of warning, not a jobs crash but a clear loss of heat. The US unemployment rate has climbed from the low-3% range seen in 2022-2023 to the mid-4% area, its highest level in several years. Monthly nonfarm payroll gains have slowed from the post-pandemic levels to…
Ethereum Gas-Limit ‘Floor’ Targets Threefold Jump Next Year
Ethereum educator Anthony Sassano said the goal to significantly increase Ethereum’s gas limit to 180 million next year is a baseline rather than a best-case scenario. “I think that’s the floor, that’s the minimum, I think we can go higher than that,” Sassano said during an interview on the Bankless podcast on Friday, just a day after Ethereum’s gas limit, which is the maximum amount of work the network allows in each block, was raised from 45 million to 60 million. “The general consensus that has been set by the…
Bitcoin, Altcoins Bounce But Moving Averages Must Hold For Rally Extension
Key points: Bitcoin has reached a crucial overhead resistance, where the bears are expected to mount a strong defense. Several major altcoins are attempting a recovery, which is likely to be met with selling pressure at higher levels. Bitcoin (BTC) recovered above $93,000 on Friday, but the bulls are struggling to sustain the higher levels. BTC remains on target to end November in the red. According to CoinGlass data, every time BTC closed November in the red, it was followed by a negative monthly close in December. Select analysts view…