Author: James Wilson
Kaspa price is showing signs of a full bullish reversal from its long downtrend after it broke out of a key descending trendline that has kept its price in check for months. Summary Kaspa price has climbed 40% in the past week. Whales have bought the recent dip in KAS token. Multiple bullish reversal patterns have been confirmed on the daily chart. Kaspa (KAS) has rallied over 40% in the past seven days to an intraday high of $0.061 on Thursday, Nov. 27, its highest level since mid‑October. Trading at $0.059 at press time, the PoW cryptocurrency still sits 48%…
Tether has reportedly confirmed its intention to cease its operations based in Uruguay. According to local media, Tether has informed Uruguay’s Ministry of Labor and Social Security during a meeting held at the headquarters of the National Directorate of Labor. Simultaneously, the USDT issuer has reportedly laid off 30 of its 38-member team, leaving only a skeleton crew behind. Summary Tether informed Uruguay’s Ministry of Labor that it will cease local operations. The company has laid off 30 members of staff. Uruguay’s high power tariffs reportedly made Tether’s bitcoin mining operations unsustainable. Tether’s decision to pull the plug on its…
Chainlink price is close to a breakout from a bullish reversal pattern as hype surrounding the launch of its spot ETFs continues to build across the broader market. Summary Chainlink price is down 26% over the past month. Community hype surrounding upcoming spot ETF launches has renewed demand from whales. A bullish reversal pattern has formed on the daily chart. According to data from crypto.news, Chainlink (LINK) rallied for the fifth straight day on Thursday, Nov. 27, and rose nearly 3% over the last 24 hours. Trading at $13.43 when writing, the token still remains 25.8% below where it last…
Solana price is holding a key multi-month support zone around $143 after weeks of decline, with neutral momentum and analysts watching for either a relief bounce or a breakdown toward lower supports. Summary Solana price rebounded from a multi-year demand band where buyers have repeatedly defended price, but it still trades below key moving averages and a major volume node. Analyst DaanCrypto argues the downtrend may be nearing exhaustion, highlighting current support as a major high-timeframe level and mapping nearby resistance and liquidity pockets as first upside targets. Technical analysts say holding $143 opens a path toward higher resistance zones,…
SpaceX moved 1,163 BTC worth about $105m to a new Coinbase Prime-linked wallet after years of dormancy, trimming on-chain holdings to 6,095 BTC as analysts flag a custody reshuffle, not a sale. Summary SpaceX transferred 1,163 BTC to a new wallet likely tied to Coinbase Prime, following a similar 1,215 BTC move in October. The firm’s wallet, inactive for three years until July 2025, now holds 6,095 BTC, down from a peak of about 25,000 BTC in 2022. Analysts see the transactions as custody reorganization rather than liquidation, while Tesla still holds 11,509 BTC amid Bitcoin’s market rebound. SpaceX transferred…
Pi Network struck a strategic partnership and investment deal with CiDi Games to build Pi-integrated titles, deepen token utility, and make gaming a core pillar of its ecosystem. Summary CiDi Games will build Pi-integrated games for tens of millions of Pioneers to drive daily engagement and on-chain activity. The move uses Pi Network Ventures’ $100m arm and builds on prior hackathons, dev tooling, and Pi Ad Network monetization. Gaming is framed as a natural fit with Pi’s social, verified user base, aiming to expand token use cases and feedback loops. Pi Network announced a strategic partnership and investment agreement with…
XRP is trading near $2.20 while its supply on Binance falls to the lowest point of the year, reducing sell-side pressure. Summary XRP price is holding around $2.20 as Binance reserves fall to their lowest level of 2025. Market activity has cooled, but open interest is still rising, showing that traders are slowly rebuilding positions. On-chain data shows more XRP moving off exchanges amid ETF launches and upgrades on the XRP Ledger. XRP was trading near $2.20 at press time, holding a slight 0.5% gain in the past 24 hours. The move comes as the market continues to absorb a…
Strategy’s Bitcoin-treasury edge is eroding as JPMorgan and Morgan Stanley roll out leveraged Bitcoin products, tightening margins and pressuring MSTR’s downtrending stock. Summary JPMorgan and Morgan Stanley launched leveraged Bitcoin-linked structured products tied to ETFs, giving institutions upside with downside buffers. Strategy’s stock has trended lower since mid-October after higher margin requirements, short trades, and scrutiny of peers like Metaplanet. The entry of major banks into Bitcoin products challenges Strategy’s role as the primary corporate Bitcoin proxy for institutional investors. Strategy Inc. is confronting increased competition as JPMorgan Chase and Morgan Stanley introduce Bitcoin-linked investment products, according to market analysts…
Crypto exchange Upbit has suspended all deposits and withdrawals after disclosing a major security incident that has led to multi-million dollar losses. Summary Upbit suspended all deposits and withdrawals after detecting abnormal transactions linked to its Solana hot wallet. Roughly 54 billion won worth of assets were drained, with at least 24 Solana-based tokens involved in the breach. Upbit detected suspicious transactions involving its Solana hot wallet early Thursday morning, prompting it to halt operations and issue an urgent notice to users on Nov. 27. “First, we deeply apologize for any inconvenience caused to our members due to the urgent…
JPMorgan filed to issue bitcoin-backed structured notes linked to BlackRock’s IBIT ETF, offering up to 1.5x leveraged returns and conditional principal protection for institutions. Summary Notes track BlackRock’s IBIT ETF, giving institutions indirect bitcoin exposure without holding the asset directly. Product offers up to 1.5x leveraged upside and as much as 16% returns if IBIT hits set targets by December 2026, with principal protected unless bitcoin drops over 30% by 2028. Filing marks a major step in JPMorgan’s broader crypto strategy, signaling growing institutional demand despite bitcoin’s volatility and embedded product risks. JPMorgan Chase & Co. has filed to offer…