Several analysts claim that Bitcoin bottomed at $80,000 and that the market has been reset. Do BTC and altcoin charts agree or show a different set of facts? Key points: Bitcoin is attempting a recovery from $80,600, which several analysts believe to be a bottom. Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers. Read more
The investment broadens Ondo Finance’s onchain Treasury reserves and comes amid a renewed push into crypto-backed lending across fintechs, lenders and exchanges. Ondo Finance has purchased $25 million of YLDS, the yield-bearing stablecoin issued by Figure Technology Solutions, to diversify the assets backing its tokenized US Treasurys fund. The company said Monday that YLDS will be added to a reserves portfolio that already includes tokenized Treasury products from major asset managers, including funds issued by BlackRock, Fidelity, Franklin Templeton, and WisdomTree. Designed for institutional investors, the Ondo Short-Term US Government Bond Fund (OUSG) offers onchain exposure to Treasurys with 24/7 redemptions and an estimated annual return of 3.68%. The tokenized fund has about $777 million in total value locked (TVL) as of this writing. Read more
After the crypto industry’s success in influencing the 2024 US elections, an advocacy group announced plans to continue its efforts for the 2026 midterms. Update (Nov. 24 at 7:35 pm UTC): This article has been updated to include a response from Stand With Crypto. The cryptocurrency advocacy organization backed by Coinbase has started surveying federal and state candidates on their positions on digital assets ahead of the 2026 midterm elections in the United States. In a Monday notice shared with Cointelegraph, Stand With Crypto said it had sent a questionnaire to an unspecified number of candidates in state and federal races, asking for information related to their positions on “digital assets, crypto innovation, de-banking, crypto mining and zoning, consumer protections,” and more. The organization also requested that respondents disclose whether they had ever held crypto or used blockchain technology. Read more
Bitcoin reclaimed $86,000 as the US dollar strengthened, but one analyst warned the rally may be structurally weak. Bitcoin (BTC) held above $86,000 on Monday after recovering steadily over the weekend from Friday’s flush to $80,600, its lowest price since April. The rebound came as traditional markets opened the week on a cautious footing, with the US Dollar Index (DXY) steady above 100, hovering near a six-month high. Key takeaways: The US Dollar Index held 100 after a blowout Nonfarm Payrolls (NFP) print of 119,000 against 53,000. Read more