Bitcoin’s U.S. demand is showing its first meaningful recovery in nearly a month as the Coinbase Premium Index flipped back into positive territory for the first time since late October. The shift suggests renewed U.S. spot-market buying pressure at a time when BTC is attempting to stabilize above $91,000 after November’s heavy drawdown.Why the Coinbase Premium MattersThe Coinbase Premium Index tracks the price difference between Coinbase’s U.S. spot market and the broader global average. Historically, it has served as one of the most reliable indicators of U.S. institutional and ETF-driven capital flows:Negative premium → U.S. outflows, risk-off sentiment, weaker ETF demandPositive premium → U.S. inflows, institutional accumulation, stronger dollar liquidityThursday marked the first sustained positive reading since late October, indicating that U.S. buyers—often large institutions and ETF market makers—are once again willing to pay slightly above global prices.Fresh Liquidity Is Building UpThe premium shift coincides with an increase in stablecoin “dry powder” across major exchanges. According to CryptoQuant data, Binance’s stablecoin reserves hit an all-time high of $51.1 billion in November, signaling significant capital waiting to be deployed.Options desks mirrored this tone.GSR reported that speculative long positions have largely been cleared out after two weeks of leveraged wipeouts, adding that:“The market is reset and positioned for growth. Skew and downside hedging have both normalized.”Research updates from Kronos and Presto echoed this, calling the recent move a standard oversold bounce rather than a capitulation bottom—but one with improving structural conditions.Key Levels: $95,000 Needed to Flip TrendWhile the positive premium is encouraging, Bitcoin remains stuck in a tight range:Immediate resistance: $90,000–$92,000Major breakout level: $95,000 (required to regain medium-term momentum)Downside risk: A drop below $87,000 could reopen the route toward $80,000, extending November’s capitulation phase.FxPro senior analyst Alex Kuptsikevich warned that $90,000—previously strong support—may now act as resistance:“Bulls need a firm break above $95,000 to reclaim the trend.”Sentiment Improves—But Caution RemainsThe Crypto Fear & Greed Index has climbed to 25, moving out of “Extreme Fear” for the first time in days. However, sentiment is still fragile:Only 1 in 7 major tokens posted gains over the past 24 hours.Market breadth remains thin, suggesting the recovery is BTC-led and narrow.Total crypto market cap continues to hover near $3.1 trillion, holding steady but lacking strong inflows.Bottom LineThe return of a positive Coinbase Premium is a meaningful shift—one that historically precedes stronger spot-driven rallies. Combined with record stablecoin reserves and a market reset after leveraged flushing, Bitcoin is showing early signs of stabilization.But until BTC breaks cleanly above $95,000, the broader downtrend from October’s $126,000 peak still looms in the background.

Binance has confirmed that trading for GaiAi (GAIX) will go live on Binance Alpha at 16:00 (UTC+8) on Nov. 29, 2025, alongside a limited-time airdrop that rewards eligible Alpha participants with free tokens.According to the official announcement, Binance users who hold at least 256 Alpha Points can immediately claim 400 GAIX tokens directly from the Alpha event page. The offer is structured to reward early participants, and the threshold will gradually fall if the event continues.GAIX Airdrop Rules and EligibilityHere are the key details Binance outlined for participants:Eligibility: Users must hold 256 or more Alpha Points at the start of the claim window.Airdrop Amount: Each eligible user may claim 400 GAIX tokens.Decreasing Threshold: If the event remains active, the minimum points requirement will drop by 5 points every five minutes, allowing more users to qualify as time passes.Claim Cost: Claiming the airdrop requires a deduction of 15 Alpha Points.24-Hour Confirmation Window: After clicking “Claim,” users must confirm their airdrop on the event page within 24 hours. Failure to confirm will be treated as forfeiting the airdrop.GAIX Trading Goes Live on Nov. 29GAIX will begin trading on Binance Alpha at 16:00 (UTC+8), giving early airdrop recipients the chance to immediately engage with the market. Binance Alpha has consistently positioned new token listings with airdrop incentives to drive early liquidity and community participation.With a steadily decreasing points threshold, the GAIX distribution model is designed to reward early adopters while widening access over time — a dynamic that could accelerate engagement as the token begins trading.

21Shares’ XRP ETF (TOXR) begins trading Monday. XRP investment funds hit $687M in assets ahead of launch. source: https://coincu.com/news/21shares-xrp-etf-approved-what-to-expect/

Bitcoin may be entering one of its strongest macro setups in years, with its current price severely undervaluing the economic backdrop ahead, according to Bitwise researcher André Dragosch. The analyst believes the conditions today echo the extreme yet highly rewarding environment that followed the COVID-19 crash in 2020.“The last time I saw such an asymmetric risk-reward was during COVID,” Dragosch wrote on Friday, noting that Bitcoin’s present market structure is again misaligned with forward-looking global growth trends. During March 2020, Bitcoin tumbled from about $8,000 to below $5,000 before launching into a multiyear bull run.Bitcoin is discounting a recession that may never comeDragosch argues that Bitcoin is now “pricing in the most bearish global growth outlook since 2022,” a period defined by aggressive Federal Reserve tightening and the collapse of major crypto institutions such as FTX.“Bitcoin is essentially pricing in a recessionary growth environment,” he said, adding that the asset has already absorbed much of the negative macro news expected for late 2025 and early 2026.That view contrasts with comments from U.S. Treasury Secretary Scott Bessent, who said Sunday that the United States is not on track to enter a recession next year.Despite this, Bitcoin’s price has struggled. After notching a new all-time high of $125,100 on Oct. 5, Bitcoin dropped sharply after a $19 billion liquidation event on Oct. 10. Sentiment deteriorated further after President Donald Trump announced 100% tariffs on Chinese imports, which triggered risk-off positioning across global markets.With Bitcoin slipping below $100,000 on Nov. 13 and briefly breaking $90,000 on Nov. 20, bullish conviction faded — but not entirely. Bitcoin recovered above $90,000 within days and has held the level since.Why Dragosch believes growth will accelerate into 2026Dragosch said that the global economy is entering a phase similar to the post-COVID recovery, driven by the lagging effects of substantial monetary stimulus pumped into the system in prior years.He expects this liquidity tailwind to continue supporting growth “well into 2026,” which would historically favor risk assets such as Bitcoin.“I genuinely think we’re staring at a similar macro setup right now,” he said.Market analysts split on whether a bear market has begunSome well-followed traders agree that the recent drawdown may not mark the start of a deeper bear cycle.Crypto analyst Alessio Rastani told Cointelegraph that similar market structures have historically led to strong rallies about 75% of the time, suggesting the current correction could be a precursor to renewed upside.BitMine chair Tom Lee also remains optimistic, saying this week he expects Bitcoin to reclaim $100,000 by year-end and potentially push into new all-time highs if volatility breaks in bulls’ favor.

Ethereum’s recent move to increase its block gas limit is only the beginning, according to Ethereum educator Anthony Sassano, who believes the network could see a threefold — or even fivefold — gas limit expansion over the next year.Speaking on the Bankless podcast on Friday, Sassano said the push to reach a 180 million gas limit in 2026 is not an upper target but a conservative baseline.“I think that’s the floor — that’s the minimum. I think we can go higher than that,” Sassano told host Ryan Adams. His comments came just one day after Ethereum raised its block gas limit from 45 million to 60 million, the network’s largest capacity expansion in four years.Developer consensus forming around 3x increaseSassano noted that Ethereum core developers and researchers are increasingly aligned on the desire to raise the gas limit at least threefold over the next couple of years. Some are openly discussing a fivefold increase as feasible with the right technical adjustments.“A few devs are already talking about a 5x increase within 12 months,” he said.Repricing transactions may unlock higher gas limitsA higher gas limit allows Ethereum to process more swaps, transfers and smart contract interactions per block. Sassano argued that the path to such increases lies in repricing specific transaction types, making some cheaper and others more expensive depending on computational load.“We can lower the cost of a basic ETH transfer from 21,000 gas to around 6,000 gas, a reduction of more than 70%, while keeping the gas limit the same,” he said. By redistributing gas costs based on efficiency, the network could safely support higher throughput.Ethereum co-founder Vitalik Buterin has similarly suggested raising gas costs for operations that are “relatively inefficient to process,” while freeing capacity for more common transactions.Fusaka upgrade arrives next weekThe gas-limit expansion comes as Ethereum prepares for its next major upgrade, Fusaka, slated for mainnet activation on Dec. 3. The upgrade is designed to improve scalability and lays groundwork for more ambitious throughput increases in 2026.Sassano and core developer Ben Adams co-authored the EIP tied to future gas limit reforms, aiming to include it in Ethereum’s planned Glamsterdam upgrade, expected in the first half of 2026.The increase to a 60 million gas cap was backed by more than 513,000 validators, a level of consensus that took the debate from “too risky” to “already live” in less than a year, Adams noted.Ethereum researcher Toni Wahrstätter emphasized the speed of progress:“That’s a 2× increase in a single year — and it’s only the beginning.”

Bitcoin mining in China is rising again. From dominance to ban to resurgence, this makes an engaging story. source: https://cointelegraph.com/explained/why-china-s-bitcoin-mining-activity-is-surging-again-after-a-4-year-crackdown?utm_source=rss_feed&utm_medium=rss%3Frand%3Dxj2br_1764401578594%26nc%3D1764401578594%26vfff%3D1764401578%26_ts%3D1764401578594&utm_campaign=rss_partner_inbound

Economist and longtime Bitcoin (CRYPTO: BTC) Peter Schiff said on Friday that the apex cryptocurrency is now acting as a "mirror image" of silver, hig source: https://www.benzinga.com/crypto/cryptocurrency/25/11/49124882/top-economist-peter-schiff-predicts-mirror-image-crash-as-silver-surges-16-5-in-november-while-bitcoin-tanks-17-5?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Crypto market sentiment has begun to improve after spending more than two weeks in “Extreme Fear,” according to the Crypto Fear & Greed Index, with several market indicators now pointing to a gradual shift toward a more constructive outlook for Bitcoin.The sentiment gauge posted a score of 28 (“Fear”) on Saturday, marking the first exit from “Extreme Fear” territory since Nov. 10. The move ends an 18-day stretch at the bottom of the index — a period that coincided with Bitcoin’s decline from above $100,000 to recent lows near $80,000.Analysts note extreme fear has historically aligned with market bottomsCrypto analyst Matthew Hyland was among the first to highlight the intensity of the sell-off earlier this month, calling the index’s reading the most bearish of the entire cycle. Days later, trader Crypto Seth said “Extreme Fear is an understatement,” capturing the sentiment of a market shaken by a rapid drawdown.Yet not all analysts saw the readings as purely negative. Trader Nicola Duke observed that every prior “Extreme Fear” reading in the current cycle lined up with a local bottom for Bitcoin — a pattern that appears to have repeated as BTC reclaimed the $90,000 handle.Social sentiment indicators turn cautiously bullishSentiment platform Santiment reported that Bitcoin now shows “generally bullish sentiment” across social media after recovering toward $92,000 this week. According to its bullish-to-bearish sentiment ratio, discussions have shifted from panic toward optimism, with more attention on institutional flows, ETF activity and treasury purchases.Bitcoin is trading around $90,500 as of publication.Market remains risk-off as altcoins lagDespite improving sentiment toward Bitcoin, broader crypto markets continue to show risk aversion. CoinMarketCap’s Altcoin Season Index sits at 22/100, firmly in “Bitcoin Season,” indicating that investors remain reluctant to rotate into higher-risk altcoins.The reluctance mirrors macro uncertainty. On Friday, Bitwise Europe head of research André Dragosch said Bitcoin’s price appears mispriced relative to economic conditions, noting that recession fears may be exaggerating downside risks.“The last time I saw such an asymmetric risk-reward was during COVID,” Dragosch said, arguing that the current environment could support a stronger recovery into 2026.

Paradigm and BlackRock lead $25 billion in crypto investments 2025, emphasizing compliance and maturation. source: https://coincu.com/news/institutional-crypto-investments-2025/

أعلنت شركة الدفع السويدية العملاقة "كلارنا" رسميًا مؤخرًا عن الإطلاق المبكر لعملتها المستقرة الأولى، "كلارنا دولار أمريكي"، على سلسلة كتل "تيمبو"، بدعم من "باراديم" و"سترايب". كان من المقرر إطلاق هذه العملة المستقرة في عام ٢٠٢٦. ووفقًا للشركة، فقد بلغ حجم المعاملات السنوية للعملات المستقرة ٢٧ تريليون دولار أمريكي، وستوفر "كلارنا" لاحقًا مدفوعات دولية أسرع وأرخص لـ ١١٤ مليون عميل. يأتي هذا التبني الواسع النطاق للعملات المشفرة في الوقت المناسب، وهذه ليست سوى البداية. من المفهوم أن إجمالي قيمة البضائع (GMV) السنوية لشركة "كلارنا" يتجاوز ١١٨ مليار دولار أمريكي؛ وقد أظهر تقريرها المالي للربع الثالث سابقًا أداءً ربع سنويًا قياسيًا منذ طرح الشركة للاكتتاب العام، حيث ارتفعت الإيرادات الفصلية إلى ٩٠٣ ملايين دولار أمريكي، ونمو إجمالي قيمة البضائع (GMV) بنسبة ٢٣٪، ونمو الإيرادات بنسبة ٥١٪ في الولايات المتحدة.

إن استخدام بان شيي للمنطق السليم لتجنب المخاطر، ونهجه المحافظ في الاستثمار، وسحب أمواله مبكراً والخروج من السوق، كل هذا يجعله نموذجاً لـ "الحكمة العظيمة التي تبدو كالحماقة" في قطاع العقارات.

استنادًا إلى العقود الذكية، رسّخت الإيثريوم نموذجًا جديدًا للتمويل اللامركزي (DeFi). ومع ذلك، ينطوي هذا النوع من التمويل على مخاطر متنوعة أثّرت على آليات التنظيم المالي التقليدية، مما أثار العديد من الإشكاليات القانونية وشكّل تحدياتٍ أمام القانون والتنظيم المالي.

في عالم التشفير، لا يمكن تعقب تدفق الأموال، والذراع الطويلة للقانون تتعلم كيف تتجاوز الحدود الوطنية وحدود الكود.

قامت شركة S&P مؤخرًا بخفض تصنيف Tether إلى "الأسوأ"، مما أعاد أكبر عملة مستقرة في العالم إلى دائرة الضوء.

أطلقت Jinse Finance نشرتها الإخبارية اليومية للعملات المشفرة والبلوكشين، "Jinse at 8 AM"، العدد 2893، لتوفر لك أحدث وأسرع الأخبار حول صناعة العملات الرقمية والبلوكشين.

هل تستعد "سيركل"، العملة المستقرة، للسيطرة على نظام الدفع في كوريا الجنوبية؟ اندلعت "حرب دفاعية ضد العملات المستقرة" في كوريا الجنوبية: توحدت البنوك وشركات الألعاب العملاقة جهودها للدفاع عن الوون الكوري. أفادت "غولدن فاينانس" أن الرواية التقليدية لـ"التخلي عن الدولرة" تُعاد إلى عالم البلوك تشين.

أطلقت Jinse Finance خدمة "Jinse Web3.0 Daily"، التي توفر لك أحدث الأخبار وأسرعها حول MEME وDeFi وDAO وNFT وصناعة metaverse.

بالأمس فقط، أعلنت شركتا دونامو ونافر فاينانشال عن خططهما للاندماج، واليوم سُرقت أصول شركة أبِت. وهذا بلا شك يُشكّل تحديًا لخططهما التوسعية، لا سيما في وقت حساس يدرسان فيه طرحًا عامًا أوليًا في بورصة ناسداك.

إن اللحظات الأكثر ظلمة في تاريخ البشرية كانت في كثير من الأحيان عندما تفوق "الميزة الهجومية" للتكنولوجيا "الميزة الدفاعية"، وتهدف d/acc إلى عكس هذا الخلل.

قراءات مُوصى بها الليلة: ١. لماذا أصبح تداول المشتقات المالية التقليدية عقودًا دائمة؟ ٢. ما هما التطبيقان اللذان يدعمهما فيتاليك بشدة؟ هل الاتصالات الخاصة هي الصيحة الكبرى القادمة؟ ٣. لماذا تُواجه سلاسل الكتل العامة الجديدة انتقادات منذ البداية؟