Bitcoin has reclaimed the $91,000 mark, rising approximately 4.3% in a single day. This surge comes as traders anticipate a potential rate cut from the Federal Reserve, which has shifted market sentiment positively. As of now, Bitcoin's price is hovering around $91,229, with Ethereum also showing strength at $3,038. The total crypto market cap has increased by 4.1%, reaching $3.19 trillion, indicating a broad recovery across the sector.
Institutional interest in crypto ETFs remains robust, with Bitcoin, Ether, and Solana ETFs recording significant inflows. Recent data shows a combined inflow of $260 million, reflecting renewed confidence among investors despite ongoing market volatility. Additionally, the approval of multiple XRP ETFs, including the upcoming 21Shares XRP ETF, has led to substantial inflows, totaling over $620 million in just eight days. This trend underscores the growing institutional appetite for regulated crypto investment vehicles.
Whale activity has been notable, with large transfers impacting market sentiment. For instance, SpaceX moved 1,163 BTC worth approximately $105 million to a new wallet, suggesting a strategic custody approach rather than immediate liquidation. Technical analysis shows Bitcoin facing resistance around the $93,000 level, with key support identified at $90,000. Analysts are closely monitoring these thresholds as they could dictate the next market movements, especially with the upcoming holiday trading period.
The broader market is responding to regulatory changes, particularly in the U.S. and Australia, where new frameworks are being established for digital assets. These developments are expected to enhance investor confidence and could lead to increased institutional participation. As the crypto landscape evolves, the integration of cryptocurrencies into traditional financial systems, such as Bolivia's recent move to allow banks to offer crypto services, signals a shift towards mainstream acceptance. This could further bolster Bitcoin's position as a viable asset class.
Naver Financial is acquiring Dunamu—operator of Upbit—in a $10.29 billion all-stock deal that will make Dunamu’s leaders the largest shareholders in Naver. The merger keeps both companies’ businesses running while they explore restructuring and jointly pursue growth, with stablecoin initiatives at the center of their plans. The deal now awaits approval from South Korea’s Fair Trade Commission.
The U.S. Department of Homeland Security has been investigating Chinese Bitcoin mining equipment manufacturer Bitmain as a potential threat to national security, according to seven people familiar with the matter. Unnamed sources told Bloomberg that a federal investigation, led by the DHS and codenamed Operation Red, is examining whether Bitmain mining machines pose a risk to U.S. national security.
The miner’s “dual-engine” strategy uses bitcoin mining income to fund data center buildouts for AI and high-performance computing.
Upbit, South Korea's largest crypto exchange, has reported a significant security breach resulting in a loss of approximately $36 million. The incident involved irregular transfers on the Solana network, draining funds from a compromised hot-wallet address. Following the breach, Upbit has moved remaining assets offline and is coordinating with token issuers to implement on-chain freezes, indicating a proactive approach to securing the network and its users' assets. The exchange's CEO confirmed that all affected customers will be fully reimbursed, highlighting the exchange's commitment to customer security in the wake of this incident.
DWF Labs has announced the launch of a $75 million fund aimed at fostering the 'institutional phase' of decentralized finance (DeFi). This fund is specifically targeted at dark pool decentralized exchanges (DEXs), decentralized money markets, and yield-bearing products. The establishment of this fund signifies a strategic investment in the DeFi infrastructure, potentially enhancing liquidity and market depth in these areas, which are critical for the growth and maturation of the DeFi ecosystem.
Tether has ceased its $500 million crypto mining operation in Uruguay, primarily due to high energy costs and the absence of a supportive tariff framework. The company laid off 30 of its 38 employees in the country after failing to pay nearly $5 million in overdue bills to the national electricity provider, UTE, which led to a service cutoff in late July 2023. Tether had initially planned significant investments, including $500 million for infrastructure, but only allocated $100 million before halting operations.
Xapo Bank is expanding its bitcoin credit fund, which includes offerings of bitcoin-backed loans up to $1 million. This move is part of the bank's strategy to develop a comprehensive suite of wealth products centered around Bitcoin, reflecting a growing interest in crypto-backed financial services.
Bitcoin's potential recovery to $112,000 is currently hindered by several macroeconomic factors, including uncertainty surrounding interest rate policy and inflation expectations. Additionally, a pending decision from MSCI regarding crypto-focused firms and stress in Bitcoin derivatives markets are contributing to the volatility in Bitcoin's price.
Securitize has received full regulatory approval to operate as both an Investment Firm and a Trading & Settlement System in the European Union. This approval enables the company to establish a new on-chain market infrastructure on the Avalanche blockchain, marking a significant step in the evolution of digital asset trading in the EU.
South Korea’s largest crypto exchange Upbit has revealed a hack worth 54 billion won, or roughly $36 million, on the Solana network. The incident occurred early on November 27, 2025, when tokens were siphoned to an unknown wallet. Upbit's CEO, Oh Kyung-seok, stated that the platform moved quickly to halt activity once it detected abnormal withdrawals, suspending deposit and withdrawal services. In a notice to users, Oh emphasized that Upbit would cover the entire amount with its holdings to ensure no damage to member assets.
This incident coincides with the anniversary of a previous major breach in 2019, where Upbit lost 342,000 ETH, then valued at about $41.5 million, attributed to North Korean hackers. The stolen Ether is now valued at more than $1 billion, marking it as one of the largest crypto heists linked to North Korea.
Reps. Ted Lieu and Neal Dunn have introduced the AI Fraud Deterrence Act, which aims to address the rising threat of AI-assisted fraud. The bill proposes increasing maximum penalties for such fraud to $2 million in fines and up to 30 years in prison for bank fraud. This legislative move follows high-profile incidents where hackers used AI to impersonate notable officials.
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