Crypto

BlackRock says $2.34 billion in November outflows from IBIT are normal as demand once pushed the ETF near $100 billion. BlackRock’s spot Bitcoin exchange-traded fund (ETF) closed November under pressure after experiencing heavy withdrawals, but the asset manager remains confident in its long-term outlook for the product. Speaking in São Paulo, BlackRock business development director Cristiano Castro said the company’s Bitcoin (BTC) ETFs had become one of its biggest revenue drivers, calling their growth “a big surprise” given how fast allocations surged this year. Castro’s comments followed a rough month for BlackRock’s US-listed IBIT, which logged an estimated $2.34 billion in net outflows across November. The two largest withdrawals came mid-month, with about $523 million leaving on Nov. 18 and roughly $463 million on Nov. 14. Read more

Stablecoin yields not being overly high suggests the market hasn’t reached a “major top” and Ether may reach $3,200 in the near term, according to Santiment. Ether’s price may rise nearly 7% in the near term, as subdued stablecoin yields suggest the crypto market has yet to reach overheated conditions, according to crypto sentiment platform Santiment. “Currently, yields are low, around 4%. This indicates the market has not reached a major top and could still push higher,” Santiment said in a report on Saturday, forecasting that Ether (ETH) could revisit its $3,200 resistance level soon. This represents an approximate 6.7% increase from its price of $2,991 at the time of publication according to CoinMarketCap.  Read more

After a solid performance since the October low, what's next for PI's first December?

Nasdaq’s head of digital assets strategy, Matt Savarese, said the stock exchange is ready to answer any questions the SEC may have for its proposal for tokenized stocks. The US Nasdaq stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority, according to the exchange’s crypto chief. “We’ll just move as fast as we can,” Nasdaq’s head of digital assets strategy, Matt Savarese, said during an interview with CNBC on Thursday, when asked whether the SEC could approve the proposal this year. “I think what we have to really evaluate where the public comments come back in and then answer and respond to the SEC questions as they come through,” Savarese said. “We hope to kind of work with them as quickly as possible,” Savarese said. Read more

A privacy coin is headed for Wall Street, and the wrapper says everything about what happens when a technology built for discretion tries to move through the most surveilled pipes in global finance. Grayscale’s bid to list a Zcash ETF on NYSE Arca (ticker ZCSH) marks the first serious attempt to wrap a privacy coin […] The post Grayscale’s Zcash ETF: Regulated privacy, or privacy in name only? appeared first on CryptoSlate.

Animoca Brands is betting on altcoins amid its plans to go public, Bitcoin eyes a return to $100,000, and more: Hodler’s Digest Members of the Bitcoin community and supporters of Strategy, the largest corporate holder of Bitcoin, are criticizing JPMorgans proposed Bitcoin-backed notes, accusing the bank of spreading fear, uncertainty and doubt about Strategy and other crypto treasury companies. JPMorgans notes are a leveraged investment product tied to the price of Bitcoin. The product tracks BTC but amplifies the outcome, giving holders 1.5 times the gains or the losses through December 2028. The notes are slated for a December 2025 launch, according to an SEC filing.  The move drew sharp criticism from the Bitcoin community, with many saying that JPMorgan is now a direct competitor to BTC treasury companies and has an incentive to marginalize companies like Strategy to promote its own structured financial product. Read more

Interpol's updated crime data reveals increasingly sophisticated crypto scam networks overlapping with drug, firearms, and wildlife trafficking markets worldwide.

Bitcoin miners caught a break on Thursday as difficulty dropped, but the relief may be short-lived if it rises in December, as forecast. The Bitcoin (BTC) mining difficulty is projected to increase during the next difficulty adjustment scheduled for December 11, as hashprice, a critical metric that measures expected miner profitability per unit of computing power, sits at record lows.  Bitcoin’s next mining difficulty adjustment is expected to occur at block 927,360 at about 12:09:34 AM UTC, marginally increasing the difficulty from 149.30 trillion to 149.80 trillion, according to CoinWarz. The most recent adjustment, which occurred on Thursday, decreased the difficulty from 152.2 trillion to 149.3 trillion, resulting in an average blocktime of about 9.97 minutes at the time of this writing, slightly below the 10-minute target. Read more

The firm's US-listed spot bitcoin ETF IBIT, launched in January 2024, reached $70 billion in assets in record time and has generated hundreds of millions in fees.

The Hyperliquid development team provided clarity on Saturday's token unlock in response to community fears of increased selling pressure. The team behind the Hyperliquid decentralized exchange (DEX) disclosed a 1.75 million HYPE token unlock for its developers and core contributors on Saturday, valued at over $60.4 million at the time of this writing. Saturday’s token unlock was previously announced and is part of HYPE’s vesting schedule, according to pseudonymous Hyperliquid developer iliensinc, who celebrated the first anniversary of Hyperliquid’s historic airdrop and token generation event. He said: The unlock sparked fear about potential selling pressure that could impact HYPE’s market price, which declined by about 4.6% at the time of this writing. Read more

ETH trading volumes surged from mid-year acceleration to a $599 billion peak.

Denis Dariotis, the youthful founder and CEO of cryptocurrency-focused trading software firm GoQuant, talks about building a billion-dollar-a-day trading startup during his formative years.

Phong Le says Strategy has no near-term debt maturity risk and plans to continue using convertibles and equity to grow its bitcoin position over time.

Self-custody of assets and financial privacy are both fundamental rights consistent with the pro-freedom philosophy on which the US was founded. Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions. “I’m a freedom maximalist,” Peirce told The Rollup podcast on Friday, while saying that self-custody of assets is a fundamental human right. She added: Peirce added that online financial privacy should be the standard. “It has become the presumption that if you want to keep your transactions private, you're doing something wrong, but it should be exactly the opposite presumption,” she said. Read more

A brutal leverage wipeout pushed Bitcoin into a “value zone,” with capitulating traders and mid-sized whales quietly buying the dip.

A new reporting system, DeCripto, will be introduced in July 2025 to track crypto transactions.

The card doesn't require preloading funds or custodial services, and carries a 2% fee on currency conversions, with no IOF tax for Brazilian users.

The UK government expects to raise $417 million in extra tax as UK-registered crypto exchanges are required to record customer details.

The court cases will continue for the moment.

Large investor deposits are driving exchange inflows, boosting the average deposit sizes for BTC and ETH.