Four spot XRP ETFs are set to go live across major US exchanges, unlocking institutional capital into XRP’s market.
XRP price must reclaim $2.20 as support to continue upside toward $2.60.
XRP (XRP) is set for a landmark week of spot ETF launches, which could unlock billions in institutional capital. After finding support at $2.20, XRP traders are hopeful that the ETF launches will serve as the perfect springboard for a rally toward $2.60.
Four spot XRP ETFs are expected to launch this week
Four spot XRP ETFs are set to be approved this week, with three more expected within the next 21 days.
XRP ETF possible lunch dates. Source: Crypto Barbie
Canary Capital’s XRPC launched Nov. 13 on Nasdaq, with a record $58 million in day-one volume and $245 million in inflows, outperforming all 900 ETF launches of 2025. This eclipsed Bitwise Solana ETF (BSOL) launch on Oct. 28, inspiring a bullish rotation among traders, who are now betting on an XRP rally.
REX/Osprey’s XRPR debuted on Sept. 18 with nearly $38 million in first-day volume, triggering an 18% pre-launch rally and quickly amassed $150 million in assets under management.
From a technical perspective, XRP faces a critical test near $2.20. This level has supported the price since the Oct. 10 market crash.
Reclaiming this level would increase the chances of a rebound with the first major resistance sitting between $2.34 and $2.41, where all the major moving averages lie.
“$XRP is consolidating above $2 in a pennant, signaling a potential bottom,” said crypto analyst Marzel in an X post on Monday, adding:
“A breakout above $2.62 would turn bullish, while a close below $2 would invalidate the pattern, with volume spikes likely indicating the breakout before late Q4.”
The CoinGlass liquidation heatmap shows the price eroding liquidity around $2.20, with large clusters of asks sitting between $2.34, $2.41 and $2.67. This suggests that XRP’s upside could be capped around this level in the short term.
XRP liquidation heatmap. Source: CoinGlass
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin’s fall has resulted in three consecutive weeks of outflows from crypto ETPs, indicating a negative sentiment.
Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers.
Bitcoin (BTC) attempted a recovery to start the week, but the long wick on the candlestick shows selling at higher levels.
Several analysts believe that the market is likely to bottom soon and that the worst is over. Bitwise CEO Hunter Horsley said in a post on X that BTC has been in a bear market for the past six months, which is about to end. He added that the setup for crypto “has never been stronger.”
However, crypto sentiment platform Santiment cautioned in a report that “true bottoms often form when the majority expects prices to fall further” and not when there is a consensus about a “specific price bottom.”
Crypto market data daily view. Source: TradingView
Traders should keep a close eye on crypto investment products, which have witnessed three consecutive weeks of outflows totaling $3.2 billion. Last week alone saw $2 billion in outflows, the largest weekly outflows since February, according to a report from CoinShares. Sustained buying into crypto ETPs will be needed for a meaningful recovery.
Could BTC extend its decline, pulling altcoins lower or is a recovery around the corner? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index (SPX) has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears.
If the price turns down and breaks below the support line, it signals the start of a deeper correction toward 6,550 and then 6,400. The pattern target of the break from the triangle is 6,276.
Alternatively, if the price continues higher and breaks above the resistance line, it indicates the resumption of the uptrend. The index may rally to 7,000 and then to the target objective of 7,220.
US Dollar Index price prediction
The US Dollar Index (DXY) turned down from the 100.50 overhead resistance level on Nov. 5 but is taking support at the 20-day exponential moving average (99.32).
If the price rebounds off the 20-day EMA with strength, the likelihood of a break above the 100.50 level increases. The index could then climb to the 102 level, where the bears are again expected to mount a strong defense.
Sellers will have to pull the price below the 50-day simple moving average (98.57) to gain the upper hand. If they do that, the index may consolidate between 100.50 and 96.21 for a while longer.
Bitcoin price prediction
BTC is attempting to take support at the $93,000 level, but the lack of a solid rebound indicates that the bears continue to exert pressure.
Any recovery attempt is expected to face selling at the psychological level of $100,000. If the price turns down from $100,000, it suggests that the bears have flipped the level into resistance. That heightens the risk of a drop to $87,800 and subsequently to $83,000.
Time is running out for the bulls. They will have to swiftly drive the Bitcoin price above the 20-day EMA ($102,022) to weaken the bearish momentum. The BTC/USDT pair may then climb to the 50-day SMA ($109,927).
Ether price prediction
Ether (ETH) has been trading below the breakdown level of $3,350, but the bears have failed to sink the price below $3,000.
The ETH/USDT pair could rise to the 20-day EMA ($3,444), where the bears are expected to sell aggressively. If the price turns down sharply from the 20-day EMA, the pair risks a break below $3,000. If that happens, the Ether price may plunge to $2,500.
Contrarily, if buyers kick the price above the 20-day EMA, the pair could rally to the 50-day SMA ($3,871). A close above the 50-day SMA suggests that the corrective phase may be ending.
XRP price prediction
XRP (XRP) has been falling inside a descending channel pattern, indicating that the bears continue to sell on rallies.
There is minor support at $2.15, but if the level cracks, the XRP/USDT pair could plummet to the support line of the channel. Buyers are expected to aggressively defend the support line, as a break below it may sink the pair to $1.61.
On the upside, a break and close above the 50-day SMA ($2.52) suggests that the bulls are attempting a comeback. A short-term trend change will be signaled after buyers achieve a close above the downtrend line.
BNB price prediction
BNB (BNB) is attempting to stay above the $860 level, but the recovery is expected to face selling at the 20-day EMA ($983).
If the price turns down sharply from the 20-day EMA, the bears will again try to sink the BNB/USDT pair below the $860 level. If they manage to do that, the BNB price could collapse to $730.
Contrary to this assumption, if the price turns up and breaks above the 20-day EMA, it suggests that the selling pressure is reducing. The pair may then rise to the 50-day SMA ($1,082).
Solana price prediction
Solana (SOL) has been gradually sliding toward the solid support at $126, indicating that the bears remain in control.
Any recovery attempt is expected to face selling at the 20-day EMA ($159). If the price turns down sharply from the 20-day EMA, the risk of a break below $126 increases. The Solana price could then dive to $95.
Instead, if the price breaks above the 20-day EMA, it signals solid demand at lower levels. The SOL/USDT pair could then rise to the 50-day SMA ($186), where the bears are expected to step in.
If the price turns down from the 20-day EMA ($0.17), the likelihood of a drop to $0.14 increases. Buyers are expected to defend the $0.14 level with all their might, as a break below it could sink the Dogecoin price to $0.10.
On the contrary, a break and close above the 20-day EMA suggests that selling dries up near $0.14. The DOGE/USDT pair may then rally to the 50-day SMA ($0.19). Such a move indicates that the pair could extend its stay inside the $0.14 to $0.29 range for some more time.
Cardano price prediction
Cardano (ADA) dipped below the $0.50 support on Friday, indicating that the bears remain in charge.
The bulls are attempting to push the Cardano price back above the breakdown level of $0.50. If they succeed, the ADA/USDT pair could ascend to the 20-day EMA ($0.55). Sellers will try to halt the recovery at the 20-day EMA. If that happens, the bears will try to extend the decline to $0.40.
A minor positive for the bulls is that the RSI is attempting to form a positive divergence. That suggests the selling pressure is reducing. If buyers clear the hurdle at the 20-day EMA, the pair could rally to the 50-day SMA ($0.65).
Hyperliquid price prediction
Hyperliquid (HYPE) has been trading between the 50-day SMA ($41.78) and the $35.50 support for the past several days.
This tight-range trading is expected to culminate in a range expansion, but it is difficult to predict the direction of the breakout. If the price pierces the 50-day SMA, the HYPE/USDT pair could surge to $52.
Conversely, if the price drops below $35.50, it signals that the bears have overpowered the buyers. That could accelerate selling and sink the Hyperliquid price to $30.50 and subsequently to $28.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The mobile application aims to compete with banks and leading fintech firms.
Users will earn up to 9% annual interest with insurance protection on deposits of up to $1 million.
Individuals can use stablecoins, bank accounts, or debit cards to fund accounts and enjoy 24/7 interest.
Aave Labs, the organization behind the lending protocol Aave, is shaking the industry of personal finance with its new savings app.
Introduced today, the Aave App aims to rival high-yield financial companies and traditional banks, offering users a chance to amplify earnings on their deposits without sacrificing security.
Most importantly, the innovative monetary application is offering annual interest rates of up to 9%.
Furthermore, Aave App boasts insurance protection for deposits up to $1,000,000, a staggering increase from the industry standard of $250,000.
Aave is introducing insurance-backed protection for Aave App customer balances, providing up to $1,000,000 in coverage per eligible customer once active, subject to maximum policy limits and conditions.
Convenient funding options
The Aave App prioritizes user-friendliness.
Individuals can use debit cards or linked bank accounts to fund their accounts, with more than 12,000 deposit options at their disposal.
While traditional funding methods have daily limits, stablecoin users enjoy unlimited transfers, guaranteeing heightened flexibility for crypto-native users.
Meanwhile, the combination of DeFi tools and traditional banking access reflects Aave’s commitment to merging the new and old financial worlds.
Blockchain investors can now enjoy higher returns and institutional-level security.
Interest accrues 24/7
One of the most lucrative functionalities of Aave’s mobile application is that interest amasses around the clock.
Moreover, the app has an initial base rate of 5% per year. Users can increase their earnings through various on-chain tasks.
Users will receive interest via the decentralized Aave lending protocol, which lends deposits to borrowers.
While such a lending approaches carry higher risks, Aave combines the returns with insurance protection.
That gives DeFi users peace of mind that the new finance world is promising.
Incentives beyond the interest
Aave encourages participation through various earning opportunities besides the base rate.
Users can magnify their returns by inviting family and friends to the app, completing KYC to verify identity, and automating deposits.
The lender tapped into a gamified approach to bolster adoption and maximize user returns.
The platform’s incentive model also reflects a difference between traditional banks and decentralized finance apps like Aave.
With blockchain, users can maximize their returns without exposing themselves to extra monetary risks.
AAVE price outlook
The protocol’s native token turned bullish after the Aave App updates.
It is trading at $175 after an over 3% increase on its daily chart.
The soaring 24-hour trading volume signals renewed optimism in AAVE.
Ethereum is undergoing its most significant transition since its August peak.
A sharp, double-digit correction of more than 35% since Oct. 6 has triggered a crisis of conviction, ripping through the speculative layers of the market and forcing a wave of liquidations.
However, the on-chain story is not a simple collapse. It is a large-scale rebalancing of who controls the ETH supply.
The data shows a classic deleveraging event colliding with a structural accumulation trend. This comes as long-term holders sell and leveraged traders are purged, resulting in a new class of institutional treasuries that are indifferent to the short-term panic, methodically absorbing ETH’s supply.
Old ETH holders sell as leverage unwinds
For the first time since early 2021, Ethereum’s older investor cohorts are distributing at scale.
According to Glassnode, ETH holders with a 3-10 year holding period have increased their realized spending to more than 45,000 ETH per day on a 90-day moving average, a level not seen since February 2021.
Ethereum Long-term Holders (Source: Glassnode)
This cohort represents some of the earliest and most profitable ETH investors. While their elevated spending does not signal panic, it rather reflects seasoned investors taking profits amid volatility.
A prime example is the recent activity from an Ethereum ICO participant. On Nov. 17, blockchain analysis platform Lookonchain reported that 0x9a67, after more than ten years of dormancy, transferred 200 ETH (approximately $ 626,000).
This wallet had invested just $310 in the 2014 ICO to receive 1,000 ETH, making the current holding worth over $3.13 million, representing a 10,097-fold return.
Meanwhile, this “old money” profit-taking is compounded by the catastrophic unwinding of leveraged positions.
For context, prominent trader Machi was liquidated again as the price dropped, contributing to his total trading losses of over $18.9 million. In a sign of the market’s intense volatility, he immediately reopened a new long position on 3,075 ETH ($9.6M) with a liquidation price just below the current market, illustrating the high-risk, chaotic nature of the speculative unwinding.
Adding to the noise, other prominent figures, such as Arthur Hayes, were also seen selling.
The most significant event, however, involved the “66,000 ETH borrowed whale.”
Blockchain platform Onchain Lens reported that the entity’s high-leverage Aave V3 position came under intense pressure as prices fell, forcing a withdrawal of 199,720 ETH (about $632 million) to prevent forced liquidation.
The whale subsequently sent more than 44,000 ETH to Binance to close the position. Estimated losses exceed $70 million, marking one of the largest single risk-off events of this cycle.
Institutions absorb the supply
The other side of this redistribution is the emergence of institutional-grade buyers building large ETH treasuries. These are not traders but accumulators.
BitMine, a digital-asset treasury firm chaired by market strategist Tom Lee, has expanded its holdings to 3.5 million ETH. This represents 2.9% of the total ETH supply, placing the company more than halfway toward its goal of accumulating 5% of all circulating ETH.
BitMine is not a hedge fund trading cycles but an ETH-denominated corporate treasury. Its stated goal is to accumulate and stake its supply, transforming a passive balance sheet asset into a long-term, yield-generating powerhouse.
As a result, the firm has aggressively acquired its ETH holdings and is currently the largest public holder of the digital asset.
SharpLink, another growing ETH treasury, mirrors this strategy. The firm now holds 859,400 ETH (valued at $2.74 billion) and has earned more than 7,067 ETH in staking rewards since mid-2025.
Combined, BitMine and SharpLink now control over 4.35 million ETH. Their programmatic accumulation acts as a structural floor, permanently removing this supply from the volatile, liquid market and locking it into staking contracts.
BitMine and SharpLink ETH Holdings (Source: Strategic ETH Reserve)
However, this methodical institutional accumulation contrasts sharply with a wave of retail-driven exits.
According to SoSo Value data, spot Ethereum ETFs are on track for their largest monthly outflow on record, with more than $1.2 billion withdrawn this month.
Ethereum ETF Flows (Source: SoSo Value)
This contraction has resulted in a mixed, disorderly liquidity landscape.
ETF investors, who are often more reactive to price, are selling into fear. Leveraged traders are being forcibly liquidated. Simultaneously, long-term holders are taking multi-cycle profits, providing the very supply that new institutional treasuries are programmatically absorbing for long-term use.
This interplay is why the recent correction feels chaotic, even as the underlying mechanics of transfer from weak, reactive hands to strong, programmatic ones remain consistent with prior cycle resets.
The Supercycle Thesis
Lee, BitMine’s executive chair, argues the turmoil is a necessary phase of an emerging ETH “supercycle.” Lee draws a direct parallel to Bitcoin, which he first recommended to Fundstrat clients in 2017 at a price of around $1,000.
“We believe ETH is embarking on that same Supercycle,” Lee stated. “To have gained from Bitcoin’s 100x run, one had to stomach existential moments. [So, current crypto prices] simply discounting a massive future.”
That “massive future,” according to the institutional thesis, is Ethereum’s established role as the primary settlement layer of the global economy.
The bullish case for firms like BitMine and SharpLink is simple: Ethereum is the only chain where every major crypto economy actually settles.
The entire ecosystems of stablecoins, Layer 2 scaling solutions (L2s), perpetual derivatives, real-world assets (RWAs), and institutional custody flows all plug back into and create demand for ETH.
Ethereum’s Economic Demand vs ETH Price (Source: Token Terminal)
Lee views the sharp retracements not as structural failures, but as characteristic of an asset transitioning from pure speculation to macro relevance.
Taken together, the data reveal a market undergoing a large-scale, post-Merge restructuring. This is not a simple drawdown. It is a redistribution event where supply migrates from short-term, reactive hands to long-term, structurally committed ones.
The Bitcoin futures-to-spot basis has fallen into negative territory, signaling a significant shift in trader sentiment toward de-risking. Futures are now trading below the spot price for the first time since March 2025, erasing the premium that typically reflects strong demand for leverage.
This transition into a futures discount phase suggested that Bitcoin (BTC) traders are increasingly unwilling to take on risk, instead pricing BTC’s short-term outlook lower.
Key takeaways:
Bitcoin futures – spot basis turns negative, signaling caution and de-risking among traders.
Internal exchange flows surges have historically marked volatility and liquidity stress for BTC.
Bitcoin futures-spot basis signals two different pathways
A negative basis often emerges during periods of position unwinding or when markets are preparing for volatility. BTC is currently trading within the “Base Zone”, a range associated with heavier selling pressure or reduced exposure. Both the seven-day and 30-day moving averages are trending downward, confirming a bearish tilt in the futures market.
However, the historical pattern complicates the picture. Since August 2023, every instance of the seven-day SMA turning negative has coincided with a bottom-formation range during bull phases. If the market has not fully transitioned into a bear cycle, this could again serve as an early recovery marker.
If conditions resemble those of January 2022, the signal may instead mark the beginning of a deeper downturn. A return above the 0%–0.5% basis range would be the first sign of renewed confidence.
Bitcoin futures-spot basis comparison between trends. Source: CryptoQuant
Data also showed the BTC-USDT futures leverage ratio resetting toward 0.3, signaling that the market’s previously overheated leverage from Q2–Q3 has finally cooled. A lower ratio reflects reduced forced-liquidation risk and a healthier futures structure.
If bullish momentum returns, this cleaner leverage backdrop could act as a positive catalyst by giving traders room to re-risk without the fragility seen earlier in the year.
Crypto analyst Pelin Ay said that the exchange’s in-house flow adds further weight to the current downside narrative. This metric measures the volume of BTC moved between internal exchange wallets, typically for operational purposes or liquidity balancing. While not a direct measure of selling, sharp spikes often coincide with turbulent periods and major shifts by large players.
Bitcoin exchange in-house flow on Binance. Source: CryptoQuant
From late 2024 to early 2025, the market experienced massive internal-transfer spikes during rapid price rallies, followed by steep corrections. The pattern repeated in May–June 2025 as BTC climbed from $60,000 to $90,000, validating its bullish correlation.
Now, the metric has surged again, rising far above its usual 5–10 range in early November. This spike aligned with BTC’s sharp decline from above $110,000 to $95,000. Historically, such surges reflect liquidity stress, heightened volatility, and pressure on price.
Given the combination of negative basis, rising internal flows, and accelerating downside momentum, BTC appears poised to continue searching for a bottom.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Strategy acquired 8,178 BTC for $835 million, bringing total holdings to 649,870 BTC.
The firm’s Bitcoin stash is now worth $61.7 billion, with $13.3 billion in unrealised gains.
CEO Michael Saylor dismissed rumours of BTC sales, reaffirming Strategy’s “buy-and-hold” stance.
The world’s largest corporate holder of Bitcoin, Strategy, has resumed aggressive accumulation of the cryptocurrency with a purchase worth $835 million, even as prices remained volatile and sentiment turned cautious.
In a filing with the US Securities and Exchange Commission on Monday, the company reported buying 8,178 Bitcoin (BTC) at an average price of around $102,100 each.
The acquisition marks a sharp uptick from the firm’s earlier pace of 400–500 coins per week through October and early November.
The latest buy underscores Executive Chairman Michael Saylor’s conviction in Bitcoin as the firm’s core treasury asset, despite the cryptocurrency’s recent pullback.
Bitcoin treasury expands to nearly 650,000 coins
Following the purchase, Strategy now holds 649,870 BTC, valued at roughly $61.7 billion at current prices, based on CoinGecko data showing BTC trading near $94,200.
The company’s cumulative acquisition cost stands at $48.4 billion, implying paper gains of about $13.3 billion.
At that scale, Strategy controls more than 3% of Bitcoin’s total 21 million supply, making it by far the world’s largest corporate holder of the asset.
“₿ig week,” Saylor hinted on X (formerly Twitter) ahead of the announcement, signalling to his followers that another large purchase was imminent.
Despite the buying spree, Strategy’s stock (MSTR) fell more than 16% over the past five days to $197.03 on Nasdaq, reflecting broader weakness in crypto-related equities after Bitcoin’s sharp correction.
Saylor reaffirms commitment, dismisses sale rumours
Last week, Saylor pushed back against speculation that the company had sold part of its Bitcoin holdings.
The rumour originated from a Walter Bloomberg post on X citing Arkham Intelligence data, which later clarified that the on-chain movement reflected wallet reorganisation, not liquidation.
“There is no truth to this rumour,” Saylor said in response.
“We are buying. We’re buying quite a lot, actually, and we’ll report our next buys on Monday morning. I think people will be pleasantly surprised,” he told CNBC.
Just a week earlier, Strategy disclosed it had purchased an additional 487 BTC for $49.9 million, taking its total holdings at the time to 641,692 BTC.
Volatility returns to Bitcoin
Bitcoin’s latest rally came under pressure last week, with the cryptocurrency falling as much as 25% from its October all-time high near $126,000, dropping to a Sunday low of $93,029 before rebounding modestly.
Despite the US government reopening after a record 43-day shutdown, market uncertainty tied to President Donald Trump’s tariff policies and global risk aversion has led to heavy liquidations across digital assets.
Even so, 2025 has marked a pivotal year for corporate Bitcoin adoption, with 194 public companies now holding BTC on their balance sheets, according to Bitcoin Treasuries data.
Other major holders include Marathon Digital (MARA), Twenty One, Metaplanet, and Riot Platforms, all of which have added to their reserves amid growing regulatory clarity under the Trump administration.
Bitcoin fell around 13% over the past week as rate-cut expectations weakened and ETF outflows deepened, leaving only four top-50 tokens in positive territory, as idiosyncratic catalysts outweighed macroeconomic pressure.
The shift in rate expectations and fund withdrawals was echoed broadly across majors, with over $3 billion exiting digital-asset investment products over the last three weeks.
The negative tape placed a higher bar on asset-specific news, and ZEC, XMR, UNI, and newcomer ASTER were the only names that cleared it.
Rank
Name
Ticker
Price
1h %
24h %
7d %
12
Zcash
ZEC
$671.41
2.33%
5.02%
9.81%
18
Monero
XMR
$418.24
0.47%
5.74%
5.29%
25
Uniswap
UNI
$7.77
1.57%
5.93%
11.82%
34
Aster (DEX)
ASTER
$1.23
1.05%
1.95%
N/A
Drivers behind each token’s outperformance
Zcash held its bid going into its next halving.
Additional bullish momentum also emerged after Electric Coin Company released its Q4 2025 roadmap, which focused on privacy tooling through Zashi and protocol updates, extending the late-October rerating that coincided with rising interest in shielded usage.
The roadmap provided a clear line of deliverables at a time when privacy-oriented tokens were outperforming. The rotation is seen as a shift in leadership within the privacy cohort, positioning ZEC’s optional privacy design as more workable for regulated venues than default-private assets.
The interaction between transparent and shielded pools continues to anchor ZEC in compliance discussions, which in turn affects expectations for future liquidity access.
Forward-looking metrics, such as the shielded supply share and Zashi’s active-wallet trajectory, now serve as barometers for determining whether the token can maintain its role in the privacy narrative as the roadmap progresses.
Monero rose in tandem with the sector’s rotation, supported by renewed attention to its predictable tail-emission model, which has yielded a stable 0.6 XMR per block since 2022.
According to The Monero Project, the schedule implies a daily issuance of roughly 432 XMR, a known baseline that appeals to market participants who emphasize transparent supply paths during periods of tightening liquidity. The persistence of this model influences miner inventories, with tail-emission predictability shaping expectations for sell-side pressure during drawdowns.
Regulatory divergence remains a counterweight; coverage has repeatedly noted that default privacy introduces listing constraints, leaving XMR exposed to potential venue pressure even when sector narratives strengthen. That tension continues to shape the token’s reflexivity relative to ZEC whenever demand for privacy accelerates.
Uniswap’s UNI advanced on a structural catalyst that directly links protocol performance to tokenholder economics. Uniswap Labs and the Uniswap Foundation published the UNIfication proposal outlining activation of protocol fees, a UNI burn, and new alignment mechanisms between governance layers.
The proposal marked a shift from UNI’s role as a pure governance asset toward a model where fee flows and burns may accrue value if the community authorizes specific parameters. Elevated DEX activity reinforced the rerate; DeFiLlama data shows Uniswap continues to hold the largest venue share, keeping fee potential central to valuation discussions.
The governance sequence, forum debate, on-chain vote, and eventual fee-epoch scheduling now form a short-term catalyst calendar.
Back-of-the-envelope modeling gained traction after the proposal. Applying the standard formula, the annualized value of UNI equals the average daily volume multiplied by the chosen fee rate, multiplied by 365, and then by the share allocated to holders or burned.
Using scenarios derived from recent DeFiLlama ranges, a base case featuring around $5 billion of daily volume with a 7.5 basis-point fee and a 50% allocation implies roughly $684 million per year. A higher-volume, higher-take scenario can push well into the billion-dollar range, while a muted case still produces nine-figure output.
These figures are conditional on governance outcomes, but they illustrate why the market began treating UNI as a fee-linked asset instead of a passive governance claim.
ASTER, a newly ranked top-50 token, advanced as reported volumes on CoinMarketCap exceeded $1 billion alongside the token’s positioning as a multi-chain DEX with both spot and perpetual trading routed through its own chain.
Market interest centered on its combined aggregator and L1 model, which entered the top-50 cohort during a period of elevated DEX usage across the sector. Growth metrics for ASTER remain preliminary; disclosure depth across sources varies, and volumes require corroboration with independent dashboards as they are developed.
The current focus is whether initial activity converts into retained volumes and sustainable fee generation rather than incentive-driven spikes, a pattern observed across earlier DEX launches.
Why these four tokens broke from broader market trends
The shared driver across all four tokens was the presence of clear catalysts during a risk-off week, when most large caps traded in line with macroeconomic conditions. Privacy formed a counter-cyclical narrative that aided ZEC and XMR as fund outflows weighed on benchmarks.
UNI benefited from a concrete governance proposal that potentially alters the token’s economic structure. ASTER benefited from a sector-specific tailwind, driven by the emphasis on on-chain trading, which remained active even as prices declined.
According to DeFiLlama, DEX volumes stayed elevated, reinforcing the notion that market participants rotated toward protocols with transparent fee paths or early-stage growth momentum.
Macro conditions remain central to the backdrop. The rate environment and ETF flows continue to guide broader market correlations, making any additional drawdown a potential amplifying force for privacy tokens while creating challenges for launch-phase assets if activity moderates.
Governance timing will dictate UNI’s next phase, and roadmap execution will shape ZEC’s position within the privacy cohort. Monero’s supply schedule is steady, so venue accessibility becomes the key variable during regulatory shifts.
For ASTER, independent validation of volumes and integration progress will determine whether the listing spike evolves into persistent market share.
The company behind the largest Bitcoin treasury announced it had returned to buying large amounts of the cryptocurrency following a $835 million purchase.
In a Monday filing with the US Securities and Exchange Commission, Michael Saylor’s Strategy reported acquiring 8,178 Bitcoin (BTC) for about $835 million. The purchase represented a significant increase compared to the company’s BTC investments in October and earlier in November, which it reported to be about 400-500 coins per week.
The acquisition came amid significant volatility in the price of Bitcoin. According to data from Nansen, BTC price fell by about 11% in the previous seven days, reaching $94,191 at time of publication.
Strategy remains the company with the most extensive Bitcoin treasury at 649,870 BTC, following its initial strategy of consistently buying the cryptocurrency, which began in August 2020. BitMine Immersion Technologies holds the most Ether (ETH), and Forward Industries has the biggest position on Solana (SOL).
Despite the Bitcoin price flash crash last week, Saylor, Strategy’s executive chair, said in an interview and on social media that the company continued to acquire the cryptocurrency. The share price of the company’s MSTR stock on Nasdaq has also declined, falling more than 16% in the previous five days to $197.03 at the time of publication.
Strategy chair to debate gold bug?
Over the weekend, gold investor and outspoken Bitcoin critic Peter Schiff challenged Saylor to a debate on stage at Binance Blockchain Week in Dubai in December. Schiff said Strategy’s “entire business model [was] a fraud.”
At the time of publication, Saylor did not appear to have publicly responded to the challenge.
Chainlink price broke below $14 on Monday and traded to lows of $13.45 amid a spike in volume.
LINK shows weakness as a bearish setup forms on the daily chart.
Bears could target $10.97 if weakness intensifies near $13.
Chainlink trades in a downward trend that mirrors the renewed selling pressure that has pushed Bitcoin below $95,000 and top altcoins into the red.
LINK, the native token of Chainlink, hovered near the psychologically important $13 mark as bulls struggled.
Notably, this comes after the token failed to sustain momentum after bulls hit highs above $27.80 in August.
Lately, a decline below $20 amid a 21% nosedive on October 10,2025 has seen LINK erase most of bulls managed since the July 2025 uptick. Price fell below $14 on Friday.
Could the broader caution cascading across the altcoin market allow for further price deterioration?
Chainlink extends decline to near $13
As of writing, Chainlink price has lost 13% over the past week. While bulls are near the $14, the token touched intraday lows of $13.45 on Monday.
One key observation is that Chainlink’s trading volume has remained elevated during the downturn.
This suggests conviction among sellers, who have pushed prices lower amid a symmetrical triangle pattern formation.
Accompanied by a sharp spike in volume, up 59% in 24 hours to over $837 million, LINK’s breakdowns mirror what typically happens amid fresh downside volatility.
In fact, as can be seen in the chart below, the altcoin’s daily price chart signals a potential death cross pattern.
What’s the Chainlink price outlook?
The technical outlook has key indicators flashing bearish signals, with the 50-day simple moving average (SMA) set to cross below the 200-day simple moving average.
Death crosses are lagging indicators, which means that while not entirely predictive in itself before confirming, their appearance has historically marked the beginning of an extended bearish phase.
For Chainlink, indications of downward pressure go beyond the death cross.
On the daily chart, the Relative Strength Index (RSI) has fallen below the neutral 50 level and is approaching oversold territory. RSI currently sits near 36/
Also strengthening downward pressure is the Moving Average Convergence Divergence (MACD). Currently, the histogram is negative, and the MACD line below the signal line points to strong bearish momentum.
From a price action perspective, the next major support cluster lies in the $11.77-$10.97 area.
Per the daily chart, this zone has previously acted as a strong demand in April and June 2025.
However, if Chainlink can defend the $13 psychological threshold, near-term projections could see bulls target an immediate major resistance mark near $15.55.
The level coincides with the previous golden cross pattern that saw bulls break out above $20 and hit highs of $27 in August.
Bullish, but a daily close below $13 means bears could have a path to a revisit of the multi-year support near $8.50.
Senate bill targets crypto’s regulatory paradox: Security vs. commodity
Since its inception, the US cryptocurrency industry has faced a regulatory challenge: determining when a digital asset qualifies as a security and when it qualifies as a commodity.
This uncertainty has hindered institutional adoption, fueled legal disputes and made it difficult for crypto companies to interpret complex rules. But a draft bill from the Senate Agriculture Committee, led by Chair John Boozman and Senator Cory Booker, proposes changes that may address this.
The bill is part of a broader effort to establish a unified framework for digital asset markets. The bipartisan discussion draft outlines how the US could classify crypto assets and assign oversight responsibilities. It marks a significant step toward settling the long-running debate over whether crypto assets are commodities or securities.
Crypto projects in the US have long been unsure whether they need to register with the Securities and Exchange Commission. Trading platforms have struggled to determine what tokens require securities licenses. Institutional investors have held back because compliance expectations are unclear. And regular crypto traders have faced a fragmented market with inconsistent protections.
The proposal aims to establish a clear federal distinction between digital commodities and digital securities.
Did you know? In 2019, when Facebook announced its Libra project (later renamed Diem), global regulators reacted quickly. G7 ministers, central banks and the US Congress raised concerns that a private company could create a global currency. The backlash became a turning point for stablecoin regulation worldwide. The project was eventually shut down in January 2022.
What is a digital commodity?
The draft bill introduces a major new concept: the digital commodity. Under this plan, coins such as Bitcoin (BTC) and Ether (ETH) would be classified as digital commodities.
A digital commodity is essentially an interchangeable token. You can fully own it and transfer it directly to someone else without an intermediary. It is recorded on a public, cryptographically secured blockchain. Under the bill, these digital commodities would fall under the Commodity Futures Trading Commission (CFTC) rather than the SEC.
Here’s how the concept of a digital commodity could change the scenario:
Clear rules for big investors: If certain coins are officially labeled digital commodities, banks, funds and trustees could hold them without risking federal violations.
Less uncertainty: Companies would no longer have to worry about the SEC unexpectedly declaring their token a security.
Two different markets: Digital commodities deemed “safe” would likely see higher trading volume, more derivatives activity and increased institutional participation. Tokens that do not qualify would remain under SEC oversight.
Did you know? Long before crypto went mainstream, the US classified Bitcoin as “property” for tax purposes in 2014. This means every crypto trade could trigger a capital gains event. Ironically, it became one of the earliest forms of crypto regulation worldwide, predating major adoption.
Categorization of coins and a shift in regulatory power
The bill clarifies what qualifies as a commodity, but it does not fully define what qualifies as a security. The classification of decentralized finance (DeFi) projects, governance tokens and hybrid tokens would be determined later.
If a token does not fit the “digital commodity” category, exchanges, issuers and wallet providers can expect it to fall under SEC review.
Broadly, the bill outlines three regulatory lanes:
Clear rules for commodities, including major assets such as Bitcoin and Ether
Stricter, security-style oversight for many utility tokens, governance tokens and tokenized assets
Tough requirements for new token issuances, including disclosures and compliance checks.
A token’s design determines how it will be regulated. Three key factors matter: how decentralized it is, what purpose it serves and how it is sold. These elements decide whether it falls under the more flexible CFTC or the stricter SEC.
A key change in the draft bill is the proposed shift in regulatory power. Historically, the SEC has held primary authority over crypto. But the new proposal significantly expands the CFTC’s role, giving it oversight of:
The direct trading market for digital commodities
Registration and supervision of exchanges, brokers and custodians that handle these assets
New rulemaking authority — in some cases shared with the SEC
The ability to collect fees to fund its expanded digital asset oversight duties.
This marks a major shift away from the SEC’s reliance on enforcement actions. The new framework favors a structured, predictable regulatory system, meaning the crypto industry could face fewer surprise legal actions and benefit from clearer, more consistent rules.
SEC vs. CFTC: Regulatory comparison table
Stricter operational standards for crypto firms
Beyond classification, the draft bill sets operational and risk-management requirements intended to address vulnerabilities in the cryptocurrency sector.
Segregating funds and avoiding conflicts of interest: Crypto exchanges would be barred from combining trading, custody, brokerage and market-making functions within a single entity. Instead, they would need to separate these roles, similar to the structure used in traditional finance.
Listing only assets not “readily susceptible to manipulation”: Exchanges would be allowed to list only digital commodities that meet specific integrity standards. This could significantly reduce the number of unreliable tokens on US platforms.
Strengthening consumer protections: The draft proposes:
Safeguarding customer assets
Clear and complete disclosures
Transparent audit records
Mandatory reporting and compliance obligations.
If enacted, these measures would help reduce fraud, sudden project failures and exchange insolvencies.
Did you know? The EU’s Markets in Crypto-Assets (MiCA) framework, passed in 2023, became the world’s first major crypto rulebook. It sparked a surge in crypto businesses moving to Europe in search of regulatory clarity.
What the draft means for different crypto stakeholders
The proposed bill to clarify crypto regulation represents a pivotal moment. From established exchanges and institutional investors to retail traders and federal agencies, the framework would affect every major stakeholder in the digital asset ecosystem.
For token issuers
Projects would need to assess whether their tokens qualify as digital commodities. The more decentralized a network is and the fewer intermediaries it relies on, the stronger the case for commodity status.
Tokens that do not meet the criteria would remain under SEC oversight and face potentially stricter requirements.
For exchanges and brokers
Firms would need to:
Although these changes could raise costs, they are expected to improve institutional confidence and support a more mature market structure.
For institutional investors
Institutional investors stand to benefit the most.
Large asset managers have long cited the lack of clear federal rules as the biggest obstacle to adding crypto to portfolios. With defined classifications and federal oversight, fiduciaries may be more willing to pursue large-scale adoption.
For retail users
Retail users could see fewer fraudulent schemes, higher operational standards and greater trust in regulated assets. However, the range of unconventional tokens available for trading may shrink.
