November delivered one of the harshest pullbacks for crypto in years. Bitcoin ended the month down more than 20%, briefly losing the $100,000 level for the first time since May, while stablecoin capitalization contracted for the first time since 2022.Below is a data-driven look at what happened across Bitcoin, stablecoins, inflation trends and global crypto taxation.Global Regulators Move to Update Crypto Tax RulesSeven jurisdictions advanced or proposed changes to their digital-asset tax frameworks in November, reflecting growing institutional adoption and pressure to clarify reporting obligations.Key developments included:United States: The White House began reviewing an IRS proposal to join the global Crypto-Asset Reporting Framework, allowing U.S. authorities access to foreign crypto account data.Spain: The Sumar party proposed increasing the top tax rate on crypto gains to 47%, replacing the current 30% savings rate.Switzerland: Delayed its new crypto tax reforms until 2027.Brazil: Weighed the introduction of taxes on international crypto transfers.Japan: Discussed reducing its top crypto tax rate to 20% from the current 50%.France: Considered labeling crypto as “unproductive wealth,” affecting tax treatment.United Kingdom: Advanced efforts to simplify DeFi tax reporting.Regulators appear increasingly aligned on treating crypto as a mainstream asset class requiring clear reporting and taxation standards.Bitcoin Drops Over 20% Amid Fears of Rate Cuts and a Tech BubbleBitcoin traded from $110,000 down to roughly $91,000, marking its steepest November decline since 2019. It bottomed at $82,600 on Nov. 21, according to CoinGecko.Market pressure intensified on Nov. 15 when Bitcoin formed a death cross, with the 50-day simple moving average crossing below the 200-day average — a long-term bearish signal.Deutsche Bank analysts described the drawdown as unusually aggressive:“Unlike prior crashes driven primarily by retail speculation, this year’s downturn has occurred amid substantial institutional participation, policy developments and global macro trends.”The decline coincided with concerns about lower interest rates, shrinking global liquidity and fears of a potential bubble in the AI sector.Despite the turbulence, several analysts argued the shift could ultimately be healthy.Justin d’Anethan of Arctic Digital said institutional participation is fundamentally changing how Bitcoin reacts to macroeconomic cycles:“Institutions finally came in a meaningful way, changing the pace, breadth and timing of crypto price action.” Institutions and Governments Now Hold 17% of All BitcoinA growing share of Bitcoin supply is being absorbed by public companies, private firms and sovereign entities adopting BTC as a treasury asset.As of late November:17% of the total Bitcoin supply is held by companies and governments.ETFs alone control more than 7% of all outstanding BTC.357 companies hold Bitcoin on their balance sheets, according to BitcoinTreasuries.net.Centralization concerns continue to surface, but analysts argue the network’s decentralization remains intact even as custody becomes more concentrated.Nansen research analyst Nicolai Søndergaard said:“It doesn’t change Bitcoin’s fundamental properties. The network remains decentralized even if custody becomes more centralized.”Inflation Slows Across 17 G20 EconomiesInflation cooled across 17 of the G20 nations in November, continuing the disinflation trend that began earlier this year.High inflation has historically accelerated crypto adoption, especially in emerging markets where local currencies face stronger devaluation pressures.Recent examples include:Bolivia, which will allow banks to offer crypto custody and treat digital assets as legal tender for savings products.Growing use of USDT in South America, where shops increasingly display prices in stablecoins.Stablecoin Market Cap Shrinks by $2 BillionStablecoins saw their first meaningful contraction in over two years. Market capitalization fell by roughly $2 billion, a 0.62% decline, marking the sharpest drop since the collapse of FTX in November 2022.Notable shifts included:USDT dominance rose by 0.5%, strengthening its lead.Ethena’s USDe suffered a 26.8% decline in market cap as traders exited looping strategies.Total value locked (TVL) on Ethena fell sharply as investors derisked.A Bitget research note said concerns around stablecoin safety and heightened regulatory scrutiny have softened demand.Bottom LineNovember marked one of the most challenging months for cryptocurrencies in 2025. Bitcoin suffered its largest monthly decline in years, stablecoin demand weakened and regulatory pressure increased globally.Still, analysts widely agree the downturn was driven by macro positioning — not structural weakness. With inflation easing and institutional participation growing, the market enters December with caution, but not capitulation.

Scammers have stolen about $22,000 from an elderly victim after he fell victim to a sophisticated Bitcoin fraud scheme. source: https://www.cryptopolitan.com/scammers-elderly-victim-steal-22000-amazon/

XRP has rebounded nearly 21% from its sub-$2 lows on Nov. 21, and a cluster of technical, on-chain and fundamental signals now point to a potential push toward the $2.80 level in the short term.Key pointsMultiple XRP technical patterns converge on a $2.70–$2.80 upside target.Exchange balances have dropped 45% in 60 days, signaling reduced selling pressure.Spot taker CVD remains firmly positive as demand strengthens.U.S. spot XRP ETFs have logged a nine-day inflow streak, supporting momentum.1. Bull pennant on the 4-hour chart targets $2.80XRP’s four-hour chart shows price breaking out of a clean bull pennant structure. Analyst Crypto Batman noted that XRP has not only reclaimed former support, but is also “breaking out of a classic bullish pennant, a strong continuation pattern.”A confirmed close above $2.22 — the pennant’s upper trendline — would activate the measured-move target at $2.80, roughly a 25% advance from current levels.The relative strength index (RSI) has climbed from oversold (23) to 55, signaling strengthening upward momentum.2. V-shaped recovery pattern points to $2.70Zooming out, XRP has been drawing a V-shaped recovery since early November. Price now sits below a heavy supply zone between $2.30 and $2.63, where several major SMAs cluster.A decisive push above this region would open the path toward the neckline around $2.70, completing the V-reversal structure.The MACD has flipped positive, supporting a continuation move. Analyst Terra Army said a breakout above $2.30–$2.40 with volume could mark the beginning of a stronger trend reversal.3. XRP supply on exchanges drops 45%One of the most bullish on-chain signals comes from exchange balances. According to Glassnode, XRP held on centralized exchanges has fallen from 3.95 billion tokens to 2.6 billion over the past two months — a 45% decline.Falling exchange supply typically reflects long-term conviction, as holders move coins to self-custody and reduce near-term sell pressure.XRP analyst BD summarized it succinctly: “Less sell pressure is a stronger setup for a big move later.”4. Spot taker CVD shows buyers firmly in controlThe 90-day spot taker CVD — a measurement of buyer vs. seller aggression — has turned decisively positive after weeks of persistent sell-side pressure.Green CVD readings indicate that market buys are outpacing sells, reinforcing that buyers are absorbing supply and willing to lift price on the order books.Historically, similar CVD shifts preceded XRP’s strongest recovery phases.5. Spot XRP ETFs log nine straight days of inflowsSustained institutional demand continues to come from newly launched U.S. spot XRP ETFs.According to SoSoValue:Nine consecutive days of inflows$2.81 million added on Thursday$643 million cumulative inflowsOver $767 million in total net assetsThe upcoming launch of 21Shares’ spot XRP ETF on Monday — plus several more awaiting approval — adds another near-term tailwind.Bottom lineWith technical breakouts forming, on-chain selling pressure easing, and ETF inflows accelerating, XRP’s setup appears increasingly constructive. Several indicators support a short-term move toward $2.70–$2.80, with analyst targets extending to $3.30–$3.50 if momentum strengthens into December.

Key Takeaways South Korea will require identity verification for all crypto transfers, not just those above 1 million won. source: https://coindoo.com/south-korea-tightens-crypto-rules-identity-checks-now-required-for-all-transfers/

Vodacom and Google Cloud’s initiative signals a major step toward embedding AI in African telecom networks while expanding access to intelligent services for consumers and businesses. source: https://catenaa.com/industries/technology/vodacom-partners-with-google-cloud-to-advance-ai-in-africa/

The crypto market has just endured one of its sharpest resets of 2025 — a selloff that erased more than $1.2 trillion in market value and dragged Bitcoin (BTC) from its fleeting $120,000 peak into the $80,000 range.For many investors, the speed and severity of the pullback echoed memories of 2017 and 2022. Yet analysts say this downturn is fundamentally different: painful, yes — but not catastrophic.This week’s episode of Byte-Sized Insight brings together three experts to analyze what really caused the drawdown, how institutions behaved behind the scenes, and why the broader structure of the market remains intact.A Liquidity Shock — Not a Systemic BreakdownMacro analyst Noelle Acheson, author of Crypto Is Macro Now, argues the downturn is far from the existential collapse many feared.“This is not a big deal — and it’s not systemic,” she said. “Bitcoin is one of the most sensitive assets to liquidity sentiment.”Acheson attributes the selloff primarily to shifting expectations around Federal Reserve rate cuts, which rapidly unwound as policymakers turned cautious. With liquidity expectations dialed back, risk assets — especially Bitcoin — reacted immediately.The key dynamic: supply is fixed, demand is sentiment-drivenAcheson noted that Bitcoin, unlike equities or commodities, adjusts almost entirely based on investor perception:Fixed supplyNo revenue, earnings or cash flowHigh sensitivity to liquidity conditionsA unique shift: investors exited crypto, not rotated within itIn most downturns, Bitcoin dominance rises as traders rotate out of altcoins into BTC and ETH. This time, dominance fell, signaling that investors were moving out of crypto entirely and reallocating into non-crypto markets.For Acheson, this is a sign of crypto’s increasing integration with institutional macro portfolios, where capital shifts across asset classes rather than staying inside the crypto ecosystem.A More Mature Market — Even If It Doesn’t Feel Like ItTim Meggs, CEO and co-founder of Lo:Tech, takes a different angle: the downturn exposed how much the crypto market has matured.“Institutions don’t operate at the pace retail does,” he said.Unlike the rapid cascades seen in previous crashes, this drawdown unfolded more slowly — consistent with institutional risk management cycles, which involve committees, hedging, mandates and staged de-risking.Institutional fingerprints in the declineMeggs’ firm monitors:VolatilityOpen interestLiquidationsExchange flowsAcross these metrics, Meggs sees stabilization rather than systemic deterioration. Leverage was flushed, open interest reset, and markets began to base — all signs of a market digesting excess rather than collapsing.“Flushing out excess leverage isn’t a bad thing,” he said.A Missing Narrative Has Magnified the DownturnTrader and author Glen Goodman, known for The Crypto Trader, argues that sentiment weakness stems from something simpler: Bitcoin lacks a dominant narrative in this cycle.In previous bullish phases, Bitcoin rode powerful storylines:“Global digital currency”“Digital gold”“Inflation hedge”“Institutional adoption”Today, he said, crypto is frequently grouped with tech stocks — meaning broader macro pressures, not sector-specific narratives, dictate price action.Without a unified story to rally around, uncertainty amplifies volatility.Bottom Line: A Reset, Not a Structural FailureAcross the interviews, a common thread emerged:No systemic failuresNo wave of corporate bankruptciesNo cascading liquidation eventNo breakdown in core market infrastructureThe decline was sharp, but it was macro-driven, liquidity-driven, and institutionally paced — not a repeat of 2022, according to Cointelegraph.

Prediction-market traders are increasingly betting that the Federal Reserve will cut interest rates in December, sending crypto-linked equities sharply higher as rate-cut odds reached their highest level of the month.Data from Polymarket on Friday showed an 87% probability of a December rate cut — a dramatic swing from earlier in November — helping push several crypto-exposed stocks into strong weekly gains.Crypto Mining Stocks Lead the Rally as Rate-Cut Bets SpikeThree major U.S.-listed Bitcoin miners logged notable strength:CleansparkRiot PlatformsCipher MiningEach rose during Friday’s session and posted double-digit gains over the last five days, lifted by expectations of looser monetary policy.Other crypto-related equities also moved higher.Circle, the issuer of USDC, climbed nearly 10% in early trading.Strategy (MicroStrategy) and Coinbase both saw moderate gains.Bitcoin itself continued recovering, trading around $90,600, roughly 7% higher on the week after briefly dipping near $82,000 on Nov. 21, according to CoinGecko.Why Rate-Cut Odds Shifted: Hawkish, Then Suddenly Dovish Fed SignalsThis month’s volatility in rate-cut pricing stems largely from inconsistent Federal Reserve commentary.Powell’s Hawkish Pushback — Odds CollapseOn Oct. 29, Fed Chair Jerome Powell warned that a December cut was “not a foregone conclusion.”Markets interpreted the statement as hawkish, causing Polymarket odds to:Fall from 89% the prior dayTo just 22% by Nov. 20Waller’s Comments Reverse SentimentThe mood shifted quickly after Fed Governor Christopher Waller said on Nov. 17 that:The labor market is “near stall speed”Inflation is “relatively close” to the 2% targetThe Fed “should consider cutting rates” next monthThat dovish outlook helped push Polymarket’s December rate-cut odds to 87%, the highest level this month.Prediction Markets See Breakout Year as Adoption AcceleratesPlatforms such as Polymarket and Kalshi — which let users bet on real-world events — are expanding rapidly as interest surges.Major Partnerships and Funding DealsNov. 13: Polymarket signed a multi-year partnership with TKO Group Holdings, becoming the official prediction-market partner of the UFC and Zuffa Boxing.Polymarket also partnered with fantasy-sports operator PrizePicks.Kalshi raised $1 billion from Sequoia Capital and CapitalG, boosting its valuation to $11 billion, following a $300 million round in October.Is Coinbase Entering the Prediction-Market Space?On Nov. 19, tech researcher Jane Manchun Wong discovered evidence that Coinbase is developing its own prediction-market product through Coinbase Financial Markets, apparently backed by Kalshi, according to cointelegraph.Robinhood’s Rapid GrowthOn Wednesday, Robinhood reported that prediction markets have already become one of its fastest-growing revenue segments:1+ million users9 billion contracts tradedAll since launching the product in March in partnership with Kalshi

Bitcoin and major altcoins continue attempting a recovery after last week’s sharp correction, but each asset still faces heavy resistance at key moving averages. While several charts are showing early signs of strength, bulls must secure decisive closes above their 20-day exponential moving averages before a sustained trend reversal can take shape.Below is the latest outlook for BTC, ETH, XRP, BNB, SOL, DOGE, ADA, and Bitcoin Cash, based on current technical structures.Bitcoin (BTC) Price PredictionBTC Price: ~$90,600Bitcoin’s rebound has brought the price near the 20-day EMA at $93,256, where sellers are expected to put up a strong fight.If BTC turns sharply lower from the 20-day EMA, bears may attempt once more to push the BTC/USDT pair beneath the key support zone between $84,000 and $80,600. A breakdown below this region would expose $73,777 as the next downside target.However, if bulls hold firm at the 20-day EMA and prevent a decisive pullback, it would signal accumulation. A close above the 20-day EMA opens the door for a move toward the psychological $100,000 level.Ether (ETH) Price PredictionETH Price: ~$3,008Ether has reached resistance at the 20-day EMA ($3,109), a level that sellers have been keen to defend.A rejection here could trigger a retracement toward $2,623, a support area that buyers will attempt to protect aggressively. Losing this level risks a drop toward $2,400.If ETH closes above the 20-day EMA, the bearish momentum weakens. The next upside targets are the $3,350 breakdown level and the 50-day SMA at $3,541.XRP Price PredictionXRP Price: ~$2.18XRP is locked in a standoff at the 20-day EMA ($2.20). The flat EMA and an RSI near 50 suggest indecision.If bulls push the price above the 50-day SMA ($2.34), XRP may climb toward the downtrend line, which remains a major resistance.If sellers drag the price below $2.14, the bullish structure breaks. A decline toward the support line becomes likely.BNB Price PredictionBNB Price: ~$880BNB reclaimed the breakdown level at $860 and is now testing resistance at the 20-day EMA ($910), signaling active dip-buying.A close above the 20-day EMA would indicate that bears are losing control, setting up a potential rally toward the 50-day SMA ($1,019) — a zone where sellers are likely to re-enter.If BNB falls back below $860, bearish dominance returns. A drop toward $790, and potentially $730, becomes more probable.Solana (SOL) Price PredictionSOL Price: ~$136.90Solana’s relief rally stalled at the 20-day EMA ($144), but buyers have refused to give up ground.This raises the odds of a break above the 20-day EMA, which could propel SOL to the 50-day SMA ($167). Overcoming that barrier would open a path toward $190.If sellers push SOL below $126, control shifts firmly to the bears, exposing $110 and then $95 as downside levels.Dogecoin (DOGE) Price PredictionDOGE Price: ~$0.15DOGE continues to face selling pressure at the 20-day EMA ($0.16).If bears break the strong demand zone at $0.14, DOGE could begin a new downtrend toward the Oct. 10 low of $0.10.If bulls defend $0.14 and reclaim the moving averages, DOGE could rise toward $0.21, resuming its broader $0.14–$0.29 consolidation range.Cardano (ADA) Price PredictionADA Price: ~$0.42ADA has failed to approach the 20-day EMA ($0.47), reflecting weak demand at current levels.A breakdown below $0.38 would strengthen bearish control, potentially revisiting the panic low at $0.27 from October.To regain momentum, ADA must reclaim $0.50. Above this level, buyers may target the 50-day SMA ($0.56) and eventually $0.70.Bitcoin Cash (BCH) Price PredictionBCH Price: ~$531Bitcoin Cash has held above the falling wedge breakout level, a bullish signal. The 20-day EMA ($523) has begun to slope upward, and the RSI sits slightly above 50, showing modest buyer advantage.A breakout above $568 could trigger moves toward $580 and then $606.If BCH slips below the moving averages, the wedge breakout is invalidated. Bears will aim to push the price down to the critical $443 support, according to Cointelegraph.

CZ says traders should sell during maximum greed and buy during maximum fear, highlighting a classic contrarian approach to crypto markets. source: https://btcusa.com/cz-says-its-better-to-sell-during-maximum-greed-and-buy-during-maximum-fear/

A cooling failure at CME’s Aurora data center halted futures trading for 10 hours, sparking trader outrage and raising new concerns about market infrastructure. <p>The post CME Outage Freezes Global Markets for 10 Hours, Sparks Trader Outrage first appeared on Ecoinimist. </p> source: https://ecoinimist.com/2025/11/29/cme-outage-freezes-global-markets-10-h/?utm_source=rss&utm_medium=rss&utm_campaign=cme-outage-freezes-global-markets-10-h

ALT5 Sigma đang trải qua một "chiến trường DAT" điển hình.

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Dựa trên hợp đồng thông minh, Ethereum đã tiên phong trong một mô hình tài chính phi tập trung (DeFi) mới. Tuy nhiên, DeFi tiềm ẩn nhiều rủi ro, ảnh hưởng đến các cơ chế quản lý tài chính truyền thống, gây ra nhiều vấn đề pháp lý và đặt ra thách thức đối với luật pháp và quy định tài chính.

Trong thế giới tiền điện tử, dòng tiền không phải là không thể truy tìm và cánh tay dài của luật pháp đang học cách vượt qua biên giới quốc gia và ranh giới của mã.

Gần đây, S&P đã hạ xếp hạng của Tether xuống mức "tệ nhất", khiến đồng tiền ổn định lớn nhất thế giới trở thành tâm điểm chú ý.

Jinse Finance ra mắt bản tin hàng ngày về ngành công nghiệp tiền điện tử và blockchain, "Jinse Morning 8", số 2893, cung cấp cho bạn những tin tức mới nhất và nhanh nhất về ngành công nghiệp tiền kỹ thuật số và blockchain.

Circle, một đồng tiền ổn định, đang chuẩn bị thâu tóm hệ thống thanh toán của Hàn Quốc? Một "cuộc chiến bảo vệ đồng tiền ổn định" đang nổ ra ở Hàn Quốc: các ngân hàng và các ông lớn trong ngành game cùng chung tay bảo vệ đồng won Hàn Quốc. Golden Finance đưa tin rằng câu chuyện truyền thống về "phi đô la hóa" đang được tái hiện trong thế giới blockchain.

Jinse Finance ra mắt "Jinse Web3.0 Daily", cung cấp cho bạn những tin tức mới nhất và nhanh nhất về MEME, DeFi, DAO, NFT và ngành công nghiệp siêu dữ liệu.

Mới hôm qua, Dunamu và Naver Financial đã công bố kế hoạch sáp nhập, và hôm nay tài sản của Upbit đã bị đánh cắp. Điều này chắc chắn đặt ra thách thức cho kế hoạch mở rộng của họ, đặc biệt là vào thời điểm nhạy cảm khi họ đang cân nhắc việc IPO trên Nasdaq.

Những thời điểm đen tối nhất trong lịch sử loài người thường là khi "lợi thế tấn công" của công nghệ vượt trội hơn "lợi thế phòng thủ" và d/acc có mục đích đảo ngược sự mất cân bằng này.