Author: CoinNewsJunction.com

Bitmain, the Chinese manufacturer that supplies most of the world’s bitcoin mining equipment, has reportedly been the subject of a months-long investigation to assess whether its products pose risks to U.S. national security.Security concerns over Chinese-owned bitcoin mines intensified last year after a New York Times investigation reported that several facilities with ties to the Chinese Communist Party were operating near critical U.S. infrastructure, including one next to a Microsoft data center supporting the Pentagon and near an Air Force nuclear missile base in Cheyenne, Wyoming. Many of these operations were equipped with Bitmain machines.The firm’s name resurfaced again in…

XRP could be in for a major shake-up this year thanks to a wave of new ETFs hitting the market. Bitwise, Franklin Templeton, and other investment companies are gearing up to launch theirs soon, and Franklin Templeton’s ETF alone is projected to bring in $150-$250 million on the first day. Naturally, everyone’s wondering whether this level of demand can finally turn XRP’s weak price action around. Right now, the XRP price is down over 15% this week, trading around $2.11 and sitting just above a critical support area. Below, we take a look at what’s happening in the market, key…

TLDR: Six major Japanese asset managers are planning crypto-asset investment trusts. The FSA appears ready to approve these crypto-incorporating funds. SBI’s team may create a trust with Bitcoin, Ethereum, or a crypto basket. These trusts could bring crypto access to both retail and institutional investors. Japan’s financial landscape may be on the cusp of a major crypto shift. Six of the country’s largest asset managers are reportedly exploring the launch of the first Japanese investment trusts that include crypto assets.  The initiative comes as the Financial Services Agency (FSA) appears poised to greenlight virtual-currency investment trusts. Institutional and retail investors…

TLDR: Owen Gunden liquidates 11,000 BTC, totaling $1.3B, after 14-year holding period. Final 2,499 BTC worth $228M transferred to Kraken, completing the historic sell-off. Bitcoin drops below $86K, marking a 32% fall from its October $126K peak. BTC 24-hour trading volume exceeds $101B, with a weekly decline of over 12%. Bitcoin has fallen below $86,000 as one of its earliest adopters, Owen Gunden, fully exited a $1.3 billion position. Data from Arkham Intelligence shows Gunden sold approximately 11,000 BTC after holding for 14 years.  The final transfer of 2,499 BTC worth $228 million went through Kraken, completing a sell-off that…

Kalshi has raised another $1 billion, lifting the prediction-market platform to an $11 billion valuation. Summary Kalshi raised $1 billion, lifting its valuation to $11 billion. The company is growing fast with new data, custody, and product partnerships. It faces fresh state-level legal pressure even after winning federal approval. The raise comes less than two months after the startup secured $300 million at a $5 billion valuation, marking one of the fastest valuation jumps in the sector this year. Details of the latest finding round were shared on a Nov. 20 TechCrunch report, citing a person familiar with the deal.…

TLDR Michael Selig’s nomination to lead the CFTC advanced in the Senate Agriculture Committee by a 12-11 vote. Lawmakers are considering expanding the CFTC’s regulatory authority over digital assets through proposed legislation. Selig did not commit to immediate funding increases but stated he would assess the agency’s needs if confirmed. Selig emphasized the importance of clear crypto regulations that protect consumers and support innovation. The full Senate will now vote on Selig’s confirmation as CFTC chairman following the committee’s approval. The Senate Agriculture Committee on Thursday voted 12–11 to advance Michael Selig’s nomination to lead the CFTC. The vote followed…

Fundstrat’s Tom Lee says the crypto market’s continued decline can be traced back to the record-breaking liquidation event on Oct. 10, arguing that the shock severely damaged market makers and set the stage for weeks of weakened liquidity. Crypto’s Post-October Weakness Tied to Market Maker Stress, Tom Lee Says Fundstrat’s Tom Lee says the crypto […] Source link

Analysts at JPMorgan warn that more than 20% of Strategy’s market cap sits in passive indices, which are now threatening to delist it. Summary Michael Saylor’s Strategy could lose $2.8 billion if MSCI removes it from its passive indices The Bitcoin treasury firm could lose a further $8.8 billion out of its $50 billion market cap if others follow MSCI is currently considering a proposal to exclude crypto treasury firms from its benchmark indices Michael Salyor’s Bitcoin buying machine could face a reckoning that could wipe out more than 20% of its total market cap. On Wednesday, November 19, analysts…

The Dogecoin price has spent the past several days moving through a noticeably weaker phase, falling from the mid-$0.18 region into a prolonged decline that has kept the price tilted downward. The chart shows a major high forming near $0.18311 before sellers forced the price into a tight downtrend, but every attempted bounce has turned into another correction. Technical analysis from BitGuru focuses on why this rebound attempt is still weak and what Dogecoin must break above before any meaningful rally can begin.  Dogecoin Price Downtrend And Repeated Corrections The structure of Dogecoin’s price action since reaching $0.183 on November 10…

Solana price has returned to the key $131 support zone, a level that previously triggered a strong rally. With buyers stepping back in, momentum may be shifting toward a short-term recovery. Summary Market sentiment around SOL is stabilizing as dip-buying activity increases Trading behavior shows signs of renewed confidence from short-term participants Momentum could shift quickly if buyers regain control at this structural level Solana (SOL) price is once again interacting with the important $131 support region, a structural level that has played a major role in recent market reactions. The previous time Solana tested this zone, buyers quickly stepped…