Category: Bitcoin News

Coinbase to Expand DEX Trading Platform in Brazil

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Coinbase is expanding its decentralized exchange trading platform, called “DeFi Mullet,” to Brazil, providing them with access to tens of thousands of tokens without needing to leave the Coinbase app. Powered by Coinbase’s Ethereum layer 2 Base, DeFi Mullet first launched in the US on Oct. 8 and is designed to abstract away the complexities of using decentralized finance protocols. “Using our DEX integration, users can trade on popular DEXs, like Aerodrome and Uniswap, without leaving the familiar ease of the Coinbase interface,” Coinbase said on Wednesday. Source: Brian Armstrong…

December Rate Cut Odds Down to 33% As Crypto Market Sentiment Craters

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The odds of an interest rate cut at the December Federal Open Market Committee (FOMC) meeting have plunged to 33% as “extreme fear” grips the crypto market and the price of Bitcoin (BTC) dips below $89,000. Investors placed the odds of a December rate cut at about 67% during the first week of November, with the odds dropping below 50% on Thursday, according to data from the Chicago Mercantile Exchange (CME). Traders on prediction markets Kalshi and Polymarket forecast the odds of a December rate cut at about 70% and…

Bitcoin Price Dropped 77% the Last Time This Happened.

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Key takeaways: Bitcoin’s Supertrend indicator sent a “sell” signal that has led to a 77% price drop in the past. The crypto sentiment index in “extreme fear” suggests there is more pain ahead for Bitcoin investors. Bitcoin’s (BTC) SuperTrend indicator has sent a “sell” signal on its weekly chart, an occurrence that has historically marked the start of a bear market. Previous signals led to 77% to 84% BTC price drops Bitcoin’s weekly chart showed that the SuperTrend indicator flashed a bearish signal when it reversed from red to green…

21shares Solana ETF Goes Live Amid Crypto Market Turmoil

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Exchange-traded product (ETP) provider 21shares launched its Solana exchange-traded fund (ETF) on Wednesday, marking the fifth SOL (SOL) ETF offering in the US. The fund holds spot SOL and will stake its holdings to secure the blockchain network and reap rewards, according to an announcement from 21shares. Senior Bloomberg ETF analyst Eric Balchunas said: “21Shares is debuting its spot Solana ETF (TSOL) today, which will have a fee of 21 basis points (BPS) and is opening with $100 million in assets under management (AUM). The Solana ETFs have now taken…

Crypto Exchange Kraken Submits Confidential US IPO Filing

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Kraken, the US cryptocurrency exchange headquartered in Wyoming, announced the confidential filing of a draft registration statement for a proposed initial public offering, following months of speculation among many in the cryptocurrency and blockchain industry. In a Wednesday notice, Kraken said it had confidentially submitted a Form S-1 with the US Securities and Exchange Commission for a proposed IPO of its common stock, setting the groundwork for the company to go public. Kraken noted that the IPO was still subject to review by the SEC, which recently returned to full…

BTC’s Drop To $90K Signals A Deep Capitulation Phase, And Buy Signal

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Bitcoin’s (BTC) drawdown on Monday pushed the asset into a 26.7% loss, narrowly overtaking the 26.5% slide seen in April, and marking the steepest correction of the current bull market. The move red-lined multiple market structure indicators, suggesting the current correction could be a final leverage washout phase. Bitcoin bull market correction levels. Source: CryptoQuant Key takeaways: Bitcoin’s 26.7% correction is now the largest of the cycle. The Crypto Fear & Greed index shows ‘Extreme Fear’ among investors, but as a counterindicator, it could be a sign that Bitcoin is…

Are Euro Stablecoins the Answer to ECB Dollarization Worries?

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Central bankers in the European Union are making the case that US dollar-backed stablecoins could be a threat to their ability to make monetary policy. The stablecoin market has boomed over the past year, largely driven by legal certainty in the US. Each month marks a new all-time high for stablecoin market capitalization. But policymakers at the European Central Bank (ECB) are concerned about what this increased adoption of dollar-based assets could mean during a time of crisis. Issuers of stablecoins backed by the euro and the pound recognize those…

HSBC To Launch Tokenized Deposits In US And UAE in 2026

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Global megabank HSBC is doubling down on tokenization over stablecoins as global banks rush to keep pace in the stablecoin race. HSBC Holdings will start offering tokenized deposits to its corporate clients in the US and the United Arab Emirates in the first half of 2026, according to a Bloomberg report on Tuesday. The Tokenized Deposit Service (TDS) by HSBC enables clients to send money domestically and abroad in seconds around the clock, said Manish Kohli, HSBC’s global head of payments solutions. “The topic of tokenization, stablecoins, digital money and…

Strategy Poised For S&P 500, Bitcoin Liquidations Unlikely

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The recent crypto market correction has reignited questions about the durability of corporate Bitcoin treasury plays, but Matrixport researchers say the largest of them, Strategy, still appears on track for possible S&P 500 inclusion. Despite recurring doubts about whether Strategy’s business model can withstand deep drawdowns, analysts argue that a forced, large-scale liquidation by the world’s largest corporate Bitcoin (BTC) holder is not a “near-term risk,” according to a Wednesday research report by Matrixport. Instead, the real pressure from the recent correction is on the stockholders who bought the stock…

Aster Launches ‘Machi Mode’ Rewarding Liquidations

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Decentralized exchange Aster is delving into crypto’s degen culture with the launch of “Machi mode,” a new feature that rewards traders with points for getting liquidated. The update, set to go live next week, was announced with a direct nod to Machi Big Brother (real name Jeffrey Huang), a Taiwanese-American entrepreneur and former musician who has recently become a high-risk investor in the cryptocurrency space with a track record of liquidations. “You get liquidation points for getting rekt,” Aster wrote in a Wednesday post on X, adding that “this one’s…