The mining hardware maker said it's refocusing on its core business of ASIC chip design and high-performance computing equipment as it scales production in the United States. source: https://cointelegraph.com/news/brevan-howard-galaxy-weiss-canaan-72m-bitcoin-mining?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The Monad Foundation has officially announced that the date for their much-anticipated airdrop event will be on November 24, providing an exciting opportunity for users to participate and benefit from this initiative. source: https://www.coindesk.com/tech/2025/11/05/monad-foundation-sets-nov-24-airdrop-date-for-users

Lido is integrating Chainlink’s interoperability standard to power wrapped Staked Ether (wstETH) transfers. The Chainlink cross-chain interoperability protocol (CCIP) is now the official cross-chain infrastructure for wstETH. wstETH will implement CCIP on supported chains in stages. Lido, a leading liquid staking protocol on Ethereum, has announced a strategic partnership with Chainlink source: https://coinjournal.net/news/lido-adopts-chainlink-ccip-to-secure-cross-chain-wsteth-transfers-across-16-blockchains/

According to Cointelegraph, the ongoing correction in Bitcoin (BTC) has resulted in approximately 33% of its total circulating supply being held at a loss, a level not seen since September 2024. While this may seem concerning, historical data suggests that such phases often indicate seller exhaustion rather than a complete market collapse. This concentration of unrealized losses has historically marked pivotal points in previous bullish cycles, typically forming when liquidity stress peaks and most sellers have already acted, allowing the market to structurally reset. Short-term holders are experiencing intensified loss-making activity, with the seven-day short-term holder Spent Output Profit Ratio (SOPR) currently at 0.9904. This metric, which measures whether coins moved onchain were sold at a profit or loss, indicates that most coins are being sold at a loss, reflecting growing pressure from short-term traders. The SOPR’s Z-score, which assesses how current readings deviate from historical norms, is at −1.29, suggesting moderate selling pressure. In comparison, during the August 2024 correction, the indicator fell to 0.9752 with a Z-score of −2.43, marking a deeper phase of capitulation. The market appears to be caught between patience and capitulation. If prices remain under pressure, long-term holders might start taking profits to protect their gains, while newer investors may sell once they recover their costs, potentially limiting rebounds. However, if fear reaches an extreme and selling pressure diminishes, these conditions could help form a durable bottom and reset sentiment for the next accumulation phase. From a momentum perspective, Bitcoin’s market structure seems oversold, yet historical patterns indicate that recovery often follows a period of consolidation rather than an immediate reversal. A significant buildup of short positions in the futures market could also fuel a rebound if prices stabilize soon. Technically, Bitcoin continues to follow the pattern forecast in Cointelegraph’s mid-October analysis, where BTC was projected to retest the $103,500–$98,100 order block, a key demand region. A daily close below $98,100 would invalidate this setup and expose the yearly open near $93,500. While recovery may take time, stable consolidation between $98,000 and $103,000 could lay the groundwork for a gradual rebound by year-end.

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. source: https://www.theblock.co/post/377829/the-daily-monad-airdrop-ripple-raise-bitcoins-ipo-moment?utm_source=rss&utm_medium=rss

Andreessen Horowitz co-founder Marc Andreessen is thankful Jim Cramer thinks it's a bear market. source: https://www.thestreet.com/crypto/investing/jim-cramer-marc-andreessen

With a third of Bitcoin held at a loss, onchain data suggested that the market may be nearing a critical reset phase. Will BTC end the year above its range highs? source: https://cointelegraph.com/news/bitcoin-supply-held-at-loss-rises-to-2024-level-can-btc-recover-before-2025-ends?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The Monetary Authority of Singapore has cautioned that soaring valuations and opaque financing could expose AI investors to steep corrections. source: https://decrypt.co/347455/singapore-financial-regulator-warns-ai-companies-are-overvalued

شهدت عملة الإيثيريوم ETH ضغوطاً هذا الأسبوع، حيث انخفضت إلى أقل من 3. 200 دولار، خلال موجة البيع التي شملت السوق يوم أمس. حيث تراجع الأصل بأكثر من 6% خلال الـ 24 ساعة الماضية، وأكثر من 17% خلال الأسبوع الماضي، بحسب بيانات CoinGecko. ETH/BTC تهبط إلى منطقة التراكم يظهر الرسم البياني لزوج ETH/BTC، عودة الزوج إلى […] source: https://arabeum.net/%d8%a7%d9%84%d8%a5%d9%8a%d8%ab%d9%8a%d8%b1%d9%8a%d9%88%d9%85-eth-%d8%aa%d9%88%d8%a7%d8%ac%d9%87-%d8%aa%d8%b5%d8%ad%d9%8a%d8%ad%d8%a7%d9%8b-%d8%ad%d8%a7%d8%af%d8%a7%d9%8b-%d9%88%d8%aa%d8%ab%d9%8a%d8%b1/

Key TakeawaysBitcoin climbed back above $104,000, rebounding from its first drop below $100,000 since June.Ether (ETH) recovered to $3,460, up nearly 3% as traders eye support near $3,100.Over $1.7 billion in crypto positions were liquidated in the past 24 hours, mostly from long traders.The broader market remains cautious as futures data show reduced leverage and mixed sentiment.Bitcoin Reclaims $104K After Sharp Sell-OffAfter falling below $100,000 for the first time since June, Bitcoin (BTC) rebounded above $104,000, trimming losses from a 20% correction off its October peak near $126,000. The broader crypto market, as tracked by the CoinDesk 20 Index (CD20), fell 2.6% over the past 24 hours but remains up slightly in early Wednesday trading as investors digest recent volatility.Data from CoinGlass show more than $1.7 billion in crypto positions were liquidated over the past 24 hours, with long traders taking the bulk of losses. Despite the sell-off, BTC’s 50-week simple moving average — near $103,000 — continues to act as a key support level that has historically underpinned longer-term recoveries.“Liquidity remains thin, especially in smaller altcoins, which explains the outsized negative price action as markets unwind,” said Jasper De Maere, OTC trader at Wintermute. He added that the weakness reflects ongoing digestion of October’s liquidations, a “slightly more hawkish Fed tone,” and risk-off sentiment across global assets.Market Sentiment Improves but Volatility PersistsThe Crypto Fear and Greed Index now sits in the “fear” zone, reflecting reduced confidence after Tuesday’s steep decline. Analysts note that sentiment may stabilize if Bitcoin continues to consolidate above $103,000 and the US dollar’s recent strength begins to fade.The US government’s reopening and potential progress on crypto legislation are seen as mild near-term positives that could help restore confidence. However, traders remain cautious given recent macro headwinds and thin liquidity conditions.Ether and Altcoins Recover as Traders Rotate Back Into MajorsEther (ETH) regained footing at $3,460, up 3% in the past 24 hours after dropping nearly 20% earlier in the week. Still, traders warn that ETH must maintain support near $3,100 to avoid triggering another wave of liquidations.The altcoin market remains fragile, with several tokens having retraced their entire July–August rallies. Despite this, privacy-focused assets like Monero (XMR) continue to outperform, rising 7% on Wednesday. The Balancer (BAL) token, hit by a $128 million DeFi hack earlier in the week, has stabilized but remains under pressure as security concerns weigh on DeFi sentiment.Futures Market Shows Reduced Leverage and Defensive PositioningThe Bitcoin futures market continues to show signs of caution. Open interest (OI) declined to $25.3 billion from $26 billion last week, indicating that traders are cutting leverage amid heightened volatility. The three-month annualized basis remains around 3%–4%, suggesting muted appetite for carry trades.Funding rates across major exchanges remain low (4–9% annualized), and implied volatility (IV) is elevated across near-term expiries. Despite the turbulence, options data reveal a mild bullish bias, with the put-call ratio leaning 58–42 in favor of calls.Technical Support and Macro WatchpointsBitcoin’s ability to defend its 50-week moving average near $103,000 will be crucial for determining near-term direction. A sustained break above $105,000 could open the path toward retesting $110,000, while a drop below $99,000 would risk renewed selling pressure.Altcoins remain vulnerable due to thin liquidity, but oversold readings suggest that a short-term rebound could emerge if Bitcoin holds current levels. Traders are watching upcoming macro data and Federal Reserve commentary for clues on whether the recent volatility marks a temporary shakeout or a deeper market reset.

PING attempts to leverage Launchpad to strip away its pure MEME attributes while adding a positive flywheel, while PAYAI expands from its original tool attributes to the infrastructure protocol layer through token migration.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

The current high valuations of US stocks have raised concerns about a potential bubble. A UBS report points out that the market already has seven indicators of a bubble forming.

There is no absolute right or wrong. Web3 will not be a purely code-based world, but rather an ecosystem where code trust and entity trust coexist.

The cryptocurrency market experienced a chilling downturn in the first week of November.

Prices do speak, but they only express emotions: leveraged runs, liquidity withdrawals, and shifts in safe-haven flows all lower the curve, but they don't prove the algorithm has been broken.

Democratic socialist Zohran Mamdani has been elected the next mayor of New York City, defeating former New York Governor Andrew Cuomo, who had recently campaigned on a platform promising to turn the city into a hub for blockchain and crypto innovation.

StraitsX is expanding its stablecoin network to link Singapore, Thailand, Taiwan, and Japan, enabling real-time cross-border payments from 2026. The system will let travellers and merchants use local wallets while settlements happen instantly in domestic currencies, with XSGD facilitating the transactions behind the scenes.

DeFi, the crypto market, surviving with low risk: DeFi arrival, retail investor bear market survival strategies. Golden Finance, DeFi: Every dream ends with ringing the doorbell for retail investors.

Former Australian NRL player Trent Merrin has been charged with stealing $140,000 in cryptocurrency and was arrested at his Barrack Point home. Police allege he accessed another person’s crypto account without permission, and he is due to appear in court on 3 December.