Author: James Wilson

Solana price is edging toward the $140 mark as steady institutional demand continues to shape its market direction. Summary SOL trades near a key resistance level, with spot and futures volumes showing mixed activity. Solana spot ETFs have logged 21 straight days of inflows, pulling in $53M on Nov. 25 and reaching $621M total. Price is tightening between key trendlines, with momentum signs improving and $140 acting as a level to watch. Solana is trading near $139, up 1.4% in the past 24 hours and moving toward the upper end of its seven-day range between $124.09 and $144.01. The token…

GDP data as scheduled due to a government shutdown, leaving policy makers without timely insights. Summary The initial third-quarter U.S. GDP estimate is delayed, with the BEA giving no clear timeline for release following a government shutdown. The BEA’s second GDP estimate and September personal income/spending report are postponed, with some data now expected by December 5. The delays leave policymakers, investors, and markets without crucial economic growth information, potentially impacting decision-making. The U.S. Bureau of Economic Analysis announced Monday it will not publish the delayed initial estimate of third-quarter gross domestic product, originally scheduled for Oct. 30, due to…

Nasdaq-listed insurance technology company Reliance is betting big on privacy tokens and has converted its entire crypto treasury into Zcash after a strategic overhaul. Summary Reliance Global Group has converted its entire crypto treasury into Zcash following a strategic review. Zcash’s compliance-ready privacy model was a core factor in its decision to consolidate holdings. “Our decision to consolidate our DAT into Zcash reflects a high-conviction belief in ZEC’s long-term potential and its unique position at the convergence of cryptography, compliance, and financial privacy,” Moshe Fishman, a member of the Reliance Global Group Crypto Advisory Board, was quoted as saying in…

Pepe price risks an 18% decline unless buyers hold key support, as whale accumulation rises but retail selling drives short-term weakness. Summary Pepe’s price dropped over 55% in three months, with continued selling dominating despite modest gains after Nov. 21. Whale accumulation has increased, but retail traders keep pressure on by moving coins to exchanges and selling. Technical indicators show hidden bearish divergence and warn of an 18% potential drop if support fails, with resistance yet to be broken. PEPE price remains at risk of an 18% decline unless buyers maintain a nearby support level, according to market analysis. The…

U.S. spot Bitcoin ETFs have recorded their fourth consecutive week of net outflows in November, with $3.7 billion withdrawn so far. Will this continued exodus keep suppressing the price of the leading cryptocurrency as we head into December? Summary U.S. Bitcoin ETFs have shed $3.57 billion since the start of November. Bitcoin is down 31% from its all-time high hit in October. Technical indicators remained bearish for the bellwether asset. According to data from SoSoValue, the 12 spot Bitcoin ETFs have recorded $22.45 million in net outflows so far this week, following three consecutive weeks of outflows exceeding $1.1 billion…

The CFTC is forming the CEO Innovation Council to guide crypto and prediction market policy. Selig is nominated for chair as a leadership change looms. Summary The CFTC’s CEO Innovation Council will accept senior executive nominations until Dec. 8 to advise on digital assets and market structure. Current acting chair Pham stresses industry leadership while Trump’s SEC pick, Selig, awaits Senate confirmation as CFTC chair. Selig advocates strong regulatory presence for digital asset commodities amid heightened CFTC-SEC jurisdiction debates. The U.S. Commodity Futures Trading Commission has opened nominations for a new advisory body focused on cryptocurrency assets and prediction markets,…

World Liberty Financial price bounced sharply after breaking out of a month-long triangle amid a surge of on-chain buyback activity. Summary WLFI traded is up 8% following a clean breakout from a month-long triangle. On-chain data shows roughly $10 million in USD1 spent on buybacks, lifting price toward the top of its weekly range. Rising volume, open interest, and improving momentum indicators paint a more bullish short-term outlook. World Liberty Financial’s token traded at $0.171 at press time, up 8% in the last 24 hours. The move placed WLFI near the upper end of its weekly range between $0.117 and…

Banking giant U.S. Bancorp has been actively testing stablecoins over the past months and has tapped the Stellar blockchain as a part of the plan. Summary U.S. Bancorp is piloting stablecoin payments and custody services on the Stellar blockchain amid renewed interest in digital assets. Other major U.S. banks, including Citi, Goldman Sachs, and Bank of America, have also started exploring stablecoin initiatives. U.S. Bancorp, which operates as U.S. Bank, is experimenting with transactions on the Stellar blockchain as the bank views stablecoins as “another way to move money on a blockchain,” Mike Villano, senior vice president and head of…

Texas acquired $5M of BlackRock’s iShares Bitcoin Trust, marking a pioneering step toward creating the first state-level bitcoin reserve in the U.S. Summary Texas has purchased $5 million of BlackRock’s iShares Bitcoin Trust as part of a $10 million legislated bitcoin reserve initiative. The state is finalizing guidelines and custodian selection for direct bitcoin holdings; the current move is a temporary allocation. Other states like Michigan, Wisconsin, New Hampshire, and Arizona are also exploring or implementing government-level crypto reserves. Texas has acquired $5 million in shares of BlackRock’s iShares Bitcoin Trust, marking an initial step toward establishing a state-level bitcoin…

Monad’s first week on mainnet hasn’t been entirely smooth, with users now reporting spoofed ERC-20 token transfers after mainnet launch. Summary Monad users reported spoofed ERC-20 transfers shortly after MON debut. The fake transfers don’t move funds but are crafted to look legitimate, a common scam tactic on new EVM chains. No assets have been reported lost, and the network continues to see strong demand following MON airdrop. Reports regarding widespread spoofing incidents began circulating on Tuesday, Nov. 25, a day after the mainnet debut. Monad co-founder and chief technology officer James Hunsaker warned on X that scammers were broadcasting…