Category: Bitcoin News

BTC Eyes Short Squeeze As Shorts Rise Above $90K

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Bitcoin’s (BTC) recovery from last week’s deep correction is beginning to solidify, with the price pushing back toward the $87,000 to $90,000 zone after sliding from $106,000 to $80,600 in just 10 days. The rebound has revived discussions about whether BTC has reached a local bottom, even as a key whale cohort continued to offload its supply. Key takeaways: BTC whale and retail cohorts remained net sellers, but mid-sized holders continued to accumulate. Accumulator-address demand hit a record 365,000 BTC, suggesting a return of long-term confidence. Negative funding rates hinted…

Klarna Launches Stablecoin on Stripe’s Tempo Blockchain

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Payments company Klarna has launched a stablecoin, becoming the first digital bank to issue a token on Tempo, the new layer-1 blockchain developed by Stripe and Paradigm. According to Tuesday’s announcement, the new stablecoin is pegged to the US dollar and is currently live on Tempo’s testnet, with an upcoming mainnet launch set for 2026. Called KlarnaUSD, the stablecoin was built by Bridge, a stablecoin infrastructure provider also owned by Stripe. The move expands Klarna’s long-standing payments partnership with Stripe across its 26 global markets. “Crypto is finally at a…

Total Supply Losses For BTC, ETH, SOL Are Overstated: Data

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Recent data from Glassnode showed Bitcoin (BTC), Ether (ETH), and Solana (SOL) reflecting record high levels of their supply held at a loss.  However, a closer examination of the locked supply, institutional holdings, and staking structures revealed that the effective liquid supply under pressure is significantly lower than the implied percentages, especially for Ether and Solana.  Key takeaways: A significant portion of Ether and SOL held at a loss is not liquid, with over 40% of ETH and more than 75% of SOL locked in staking, ETFs, or strategic reserves.…

Does Republican Crypto Lawyer Have a Shot in NY AG Race?

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A former policy lawyer at crypto exchange Coinbase is running for attorney general of New York. His bid to represent the crypto industry’s interests runs against a strong Democratic bias and concerns over industry influence in policymaking. Khurram Dara, who also worked as a regulatory and policy principal at Bain Capital Crypto, announced his campaign on Nov. 21. In a video accompanying his post on X, Dara said he wants to stop the supposed “lawfare” that current Attorney General (AG) Letitia James is waging against the crypto industry. Dara said…

21Shares Taps Standard Chartered for Crypto Custody

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Major bank Standard Chartered announced fund manager 21Shares has selected it as its digital asset custodian, potentially moving away from a crypto-native partner. According to a Monday announcement from Standard Chartered shared with Cointelegraph, the bank will provide crypto custody services to 21Shares, which offers multiple exchange-traded crypto products. Margaret Harwood-Jones, the bank’s global head of financing and securities services, said the collaboration allows them to “to extend our expertise into the fast-evolving digital asset ecosystem.” However, 21Shares already had a crypto-native custody partner. In late June 2024, the fund…

Crypto Diversification Becomes Top Investment Driver in 2025: Sygnum

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Portfolio diversification has overtaken the pursuit of the “crypto megatrend” as the top reason for investing in crypto in 2025, according to Sygnum Bank’s new Future Finance Report 2025. According to the report, 57% of respondents now view diversification as their primary motivation for investing. This surpassed last year’s top driver, exposure to crypto’s long-term upside, which fell from 62% to 53%. “This could indicate that crypto is now being used more deliberately as a core portfolio component, with its perceived diversification benefits taking precedence over chasing pure upside potential,”…

Solana’s ‘Double Disinflation’ Proposal Gains First Major Backer

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Solana Digital Asset Treasury (DAT) DeFi Development Corp. (DFDV) expressed its support for a sweeping proposal aimed at accelerating the network’s disinflation schedule.  On Tuesday, DFDV became the first Solana treasury to publicly endorse Solana Improvement Document (SIMD)-0411, a proposal to double Solana’s annual disinflation rate from 15% to 30%, thereby reducing projected future emissions by over 22 million SOL over the next six years.  “This proposal may come as a surprise to some, but its timing makes sense,” DFDV wrote. “The ecosystem has grown increasingly vocal about Solana’s current…

VanEck’s BNB ETF Scraps Staking as Regulatory Risks Loom

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Asset manager VanEck backed away from its earlier plans to stake assets in its proposed spot BNB exchange-traded fund, despite offering staking in its recently launched Solana product. In its updated S-1 filing to the US Securities and Exchange Commission (SEC) on Friday, VanEck said “the Trust will not employ its BNB in Staking Activities and accordingly will not earn any form of staking rewards or income of any kind from Staking Activities” at the time of listing. The filing further warns that “there can be no assurance that the…

XRP Price Is ‘Looking Very Bullish’ After Bouncing 25% in a Week

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XRP (XRP) rebounded nearly 25% from the $2 psychological level in the past week, with tailwinds from strong daily ETF inflows exceeding $164 million following the launch of Grayscale’s GXRP and Franklin Templeton’s XRPZ. Key takeaways: XRP stays bullish above $2, with chart technicals pointing toward $3.30–$3.50. Resistance at $2.23–$2.50 can bring back the bears for a drop to $1.82. XRP/USDT daily price chart. Source: TradingView Multiple XRP signals open the way for a 50% rally On Friday, XRP defended the $1.95–$2.05 support band of a prevailing parallel channel. XRP/USDT weekly…

Monad Airdrop Farmer Spends All $112K On Failed Trades

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A crypto airdrop farmer lost more than $112,000 in newly issued tokens by burning the entire reward on failed blockchain transactions. In crypto, a professional airdrop farmer (or squatter) is a person who interacts with emerging protocols solely for the airdrop rewards, often using multiple wallets to compound the rewards. Cryptocurrency wallet 0x7f4 received about $112,700 worth of Monad (MON) tokens as a reward for activity leading up to the launch. In an unfortunate turn of events, the trader lost the entire $112,000 across hundreds of failed blockchain transactions, which…