分类： Market

• Israel plans tighter stablecoin oversight as adoption surges globally.
• Regulators warn dominance of Tether and Circle poses systemic risk.
• Digital shekel roadmap advances for 2026 as CBDC development accelerates.

Israel is moving towards tighter supervision of stablecoins as the Bank of Israel positions them as a core part of the country’s future payments system.

The shift comes as regulators reassess how private digital dollars fit into daily financial flows.

Stablecoins are no longer seen as fringe tokens used only by crypto traders. Instead, they are being treated as major payment instruments with global scale and influence.

The Bank of Israel Governor Amir Yaron used the Payments in the Evolving Era conference in Tel Aviv to outline how regulatory demands will rise as stablecoin adoption continues to grow.

Rising pressure from global adoption

The Bank of Israel stressed that global stablecoin usage has expanded to levels that can no longer be ignored.

The sector has passed a market capitalisation of more than $300 billion, with monthly transaction volumes above $2 trillion.

As per CoinDesk, officials noted that these levels place stablecoins on par with the balance sheets of mid-sized international commercial banks.

This surge has been driven by their role in trading, cross-border transfers, and the need for a digital instrument that avoids the price swings of other cryptocurrencies.

The expanding footprint creates new urgency for clear, enforceable rules.

Concerns over market concentration

A key theme at the conference was the dominance of two stablecoin issuers.

About 99% of market activity is tied to Tether and Circle, creating a heavy concentration of risk in a sector that underpins a large share of digital asset transactions.

Israeli policymakers warned that this structure heightens systemic vulnerability.

They view that any disruption or weakness at the issuer level could ripple through global payment channels.

To mitigate this, officials highlighted the need for strict reserve practices, including fully backed 1:1 reserves and liquid assets that can handle sudden redemption waves.

Digital shekel plans move forward

Alongside the stablecoin discussion, Israel advanced its own central bank digital currency plans.

Yoav Soffer, who leads the digital shekel project, described the currency as central bank money designed for broad use.

He released a 2026 roadmap that sets out the next stages and confirmed that official recommendations are expected by the end of this year.

The update signals an acceleration similar to moves made by the European Central Bank.

Industry observers noted that the faster timeline reflects how central banks are adjusting to competition from private digital money and the rapid evolution of the payments landscape.

The roadmap triggered commentary within the crypto sector.

Attention centred on how the Bank of Israel’s accelerated schedule positions the digital shekel as a response to fast-growing private alternatives.

Market participants linked the timing to a broader global trend in which central banks are racing to modernise their own digital money strategies.

With stablecoins gaining influence in international transactions, the digital shekel project is being viewed as a strategic step to maintain control over national payments infrastructure while supporting innovation in regulated channels.

• The company is set to launch the first US spot LINK ETF this week.
• Grayscale plans to convert its existing LINK trust into an ETF.
• LINK price remains under pressure amid broader bearishness.

The cryptocurrency market is trading in the red on Monday, with the value of all digital tokens down by 5% the past day to $2.94 trillion.

While risk-off mood dominates the landscape, Grayscale Investment is preparing to debut the first US spot Chainlink exchange-traded fund.

ETF expert Nate Gerace expects the product to arrive this week, marking a crucial milestone for Chainlink and the overall altcoin ETF sector.

Notably, Grayscale will create this ETF by converting and up-listing its existing Chainlink Trust, offering traditional investors compliant access to Chainlink.

Set to launch this week…

First spot link ETF.

Grayscale will be able to uplist/convert Chainlink private trust to ETF. pic.twitter.com/i7z0WAKKvC

— Nate Geraci (@NateGeraci) December 1, 2025

Meanwhile, this adds to the latest wave of altcoin ETF launches in the United States.

We have had multiple altcoin ETFs, including XRP and Dogecoin, since Solana, Hedera, and Litecoin kick-started the wave in late October.

Now, the first spot LINK ETF is set to debut in the United States this week, reflecting demand for these products despite the broader market turmoil.

More about the Chainlink ETF

A spot exchange-traded fund holds LINK assets instead of derivatives, offering individuals direct and regulated exposure to Chainlink as an investment vehicle.

That’s crucial in cementing Chainlink’s legitimacy among traditional investors, many of whom have ignored crypto due to the associated complexities.

Indeed, a LINK ETF alleviates the need for private keys, wallets, and off-exchange asset storage.

The fund will open Chainlink to individuals who prefer the safety of traditional retirement and brokerage accounts.

The strategic conversion

Grayscale took a notable approach, converting a private trust into an exchange-traded fund.

The strategy has crucial benefits.

First and foremost, the LINK ETF will meet an in-built investor base as trust holders access a more liquid ETF model.

Also, the approach streamlines valuation and custody as the trust already has LINK assets.

Lastly, the move eases regulatory challenges as the trust adheres to compliant standards.

LINK price outlook

Chainlink exhibits substantial selling pressure today.

It has lost more than 6% of its value after a sudden dip on the daily chart, fueled by a broader market crash.

LINK is trading at $12.16, with a 125% uptick in daily trading volume reflecting increased activity from participants, possibly reducing exposure to avoid further losses.

Sellers target the nearest support zone at $11 and $9.8 amid intensified declines.

Failure to hold $8.20 – $8.50 would catalyze deeper slides to $6.80 – $7.20.

On the other hand, bulls should reclaim and defend $13.

Steadying above $15.50 will likely trigger buyer resurgence and stable momentum.

LINK can rally to $19, then $23, and clear the path to $30.

However, prevailing conditions suggest short-term struggles before LINK establishes a decisive directional bias.

• Balancer will return $8M to affected liquidity providers after the V2 exploit.
• Whitehat and internal teams recovered part of the stolen $28M.
• Reimbursements will be distributed pro rata in the same tokens via a 180-day claim.

Decentralised finance protocol Balancer has unveiled a plan to reimburse liquidity providers (LPs) following the massive exploit that drained over $128 million from its V2 pools.

The reimbursement plan comes after an extensive recovery effort led by whitehat hackers and internal teams, aiming to restore funds and rebuild trust within the platform’s user community.

The plan has been submitted to the Balancer DAO for community feedback and will require approval through a formal voting process before distribution begins.

The Balancer exploit

The Balancer exploit, which occurred in early November, targeted a rounding function flaw in Balancer’s Composable Stable Pools (CSPv5).

Attackers combined this vulnerability with batched swaps, allowing them to manipulate token price calculations and drain multiple pools across Ethereum, Polygon, Base, and Arbitrum.

Despite 11 previous security audits conducted by four different blockchain security firms, the vulnerability went unnoticed.

The breach sent shockwaves through the DeFi sector, causing Balancer’s total value locked to fall from $775 million to $258 million, while its native BAL token lost roughly 30% of its value.

Portions of the protocol were paused immediately after the attack to prevent further losses, while whitehat and internal recovery operations began working to salvage funds.

Here’s everything you need to know about the Balancer Hack:

1. The attack targeted Balancer’s V2 vaults and liquidity pools, exploiting a vulnerability in smart contract interactions. Preliminary analysis from on-chain investigators points to a maliciously deployed contract that… pic.twitter.com/udAM4hB0OD

— Adi (@AdiFlips) November 3, 2025

Recovery efforts and whitehat contributions

Overall, approximately $28 million of the stolen funds was recovered.

Whitehat hackers played a significant role, reclaiming around $3.9 million, while internal Balancer teams, including coordination with security firm Certora, retrieved another $4.1 million from vulnerable metastable pools that had not yet been exploited.

Among the whitehat contributors, an anonymous actor dubbed “Anon #1” recovered $2.68 million on Polygon, including various tokens such as WPOL, MaticX, TruMATIC, and stMatic, as detailed in the unveiled reimbursement proposal.

Some rescuers on Arbitrum declined to identify themselves and waived their bounty claims, highlighting the voluntary and community-driven nature of these recovery efforts.

The remaining $19.7 million in osETH and osGNO tokens was recovered through StakeWise, an Ethereum liquid staking protocol, and will be returned to users via StakeWise’s own governance mechanisms.

The $8M reimbursement plan

Balancer’s reimbursement plan focuses on the $8 million recovered directly by whitehats and internal teams.

The framework adopts a non-socialised approach, meaning funds are returned only to liquidity providers in the specific pools affected.

Reimbursements will be distributed on a pro-rata basis according to each user’s Balancer Pool Token holdings at a snapshot block taken before the exploit.

Payments will be made in-kind, allowing users to receive the exact tokens that were stolen, avoiding any mismatches or unintended losses due to price fluctuations.

Whitehat contributors are entitled to a 10% bounty of the recovered funds, capped at $1 million per operation.

To receive their reward, Whitehat participants must complete identity verification, KYC, and sanctions screening under Balancer’s SEAL Safe Harbour Agreement.

Notably, internal recovery operations, including Certora’s involvement, are excluded from these bounties due to pre-existing service agreements.

If the distribution plan is approved, affected liquidity providers will have a 180-day window to claim their funds, during which they must digitally accept Balancer’s updated terms of use.

These terms require users to release Balancer Labs, the DAO, the Foundation, and affiliated parties from legal liabilities related to the exploit.

Unclaimed funds after 180 days will be considered dormant and may only be reallocated through a governance vote.

• Amundi launches first tokenised money market fund on Ethereum.
• The tokenised MMF operates via a hybrid model with blockchain and traditional access.
• Blockchain enables 24/7 trading, instant execution, and transparent records.

European asset management giant Amundi has taken a major step into the digital finance era by launching the first tokenised share of its AMUNDI FUNDS CASH EUR money market fund on the Ethereum blockchain.

The tokenised fund marks a significant innovation in fund distribution and allows investors to hold fund units digitally while maintaining the traditional channels for accessing the fund.

A new digital frontier for money market funds

According to Amundi, the tokenised fund is built in collaboration with CACEIS, one of Europe’s leading asset-servicing providers.

CACEIS supplies the technology infrastructure required for tokenisation, including digital wallets for investors and a blockchain-based order platform that supports subscriptions and redemptions.

Jean-Pierre Michalowski, CEO of CACEIS, highlighted that the hybrid transfer agent service opens a new distribution channel, allowing clients to quickly and efficiently execute fund transactions via blockchain while paving the way for potential future operations in stablecoins or central bank digital currencies.

The first transaction of the tokenised share took place on November 4, 2025, and the fund is now distributed through a hybrid model.

This means that investors can continue to use conventional methods, but the new digital option enables fund units to be recorded as tokens on Ethereum, providing secure, transparent, and traceable transaction records.

Benefits of blockchain integration in MMFs

Blockchain technology provides multiple advantages for both investors and fund managers.

Orders can be executed instantly, operations can continue around the clock, and transactions are recorded with full transparency.

The tokenised model also opens the fund to younger and more digitally oriented investors, reflecting a shift in investor behaviour toward faster, more accessible financial products.

Amundi emphasised that the launch does not replace traditional fund access but instead provides an additional route for investors.

The hybrid approach ensures that the fund remains inclusive, combining the reliability of conventional distribution with the efficiency and innovation offered by blockchain technology.

Jean-Jacques Barbéris, Head of Institutional and Corporate Clients and ESG at Amundi, described asset tokenisation as a global transformation set to accelerate in the coming years, with this initiative serving as a practical demonstration of the firm’s expertise in implementing secure and robust blockchain applications in finance.

A growing trend in digital asset management

The launch comes amid a broader expansion of tokenised real-world assets.

Market data shows that the value of tokenised assets on blockchains rose sharply in 2025, from $15.2 billion at the beginning of the year to $37.1 billion by late November.

Ethereum, where Amundi’s fund is hosted, ranks second globally in the tokenised real-world asset space with a market cap of $12.4 billion.

The trend reflects increasing institutional interest in blockchain-based investment solutions and the mainstreaming of digital finance innovations.

Tokenised money market funds, in particular, have seen rapid adoption in recent years.

Industry data indicates that products from leading firms like BlackRock and Franklin Templeton now manage billions in digital assets, while total value locked in tokenised funds surged from around $770 million at the end of 2023 to nearly $9 billion by October 2025.

Amundi’s launch positions it as a front-runner in Europe, showcasing its commitment to leveraging digital innovation while maintaining robust regulatory and operational standards.

• The tests will use standardised templates with major exchanges including Coinbase, Crypto.com and Kraken.
• The project links to the earlier Admissions and Disclosures Discussion Paper.
• The experiments sit within the FCA’s multi-year Crypto Roadmap ending in 2026.

The United Kingdom is pushing ahead with a practical form of crypto regulation, and the latest move by the Financial Conduct Authority shows how the country plans to shape its rulebook.

The FCA has approved RegTech firm Eunice to carry out live experiments in its sandbox, creating a clearer picture of how future rules may be built through real-world testing rather than theory.

On Wednesday, the regulator confirmed that Eunice will test standardised crypto disclosure templates with major exchanges such as Coinbase, Crypto.com and Kraken.

The templates are designed to check whether transparency improves when tools are used directly in active market conditions.

Industry input

The FCA said its sandbox is still open to companies working on similar solutions, and it continues to encourage firms to apply. The regulator’s message points to a broader shift.

The UK wants to rely on practical experiments to understand how crypto behaviours unfold in real time, instead of relying only on policy consultation rounds.

This approach moves industry participants closer to the centre of rule formation. It also gives the regulator the chance to observe how products behave before final guidance is introduced.

Eunice’s work fits this model, focusing on ways to strengthen transparency in a market that is seeing increased institutional involvement.

The trial also links back to the Admissions and Disclosures Discussion Paper published last year. That paper invited the industry to share technical insight and help shape early frameworks.

The new pilot now tests those ideas under live conditions, allowing the FCA to gather evidence on how different disclosure requirements perform when applied at scale.

Broader roadmap

The Eunice experiment also aligns with the regulator’s multi-year Crypto Roadmap, which is expected to end with the publication of the UK’s final crypto rules in 2026.

Over the past year, the FCA has introduced several changes aimed at increasing clarity for crypto companies.

These include stricter financial promotion rules, warnings issued to unregistered exchanges still operating in the UK and a comprehensive paper covering admissions, disclosures and market-abuse concerns across digital assets.

Each step forms part of a longer regulatory timeline that aims to tighten standards while preserving room for innovation. The use of the sandbox allows the FCA to test what works and what does not before decisions are written into policy.

Shifting tone

More recent actions suggest the regulator is becoming more open to crypto activity under controlled conditions. On 1 August, the FCA lifted its ban on crypto exchange-traded notes for retail investors.

This allowed consumers to access crypto-based ETN products again, signalling a more flexible approach to digital assets. On 17 September, the FCA launched a consultation on whether Consumer Duty should apply to crypto.

This traditional finance requirement focuses on ensuring firms deliver good outcomes for customers. Extending it to crypto would raise expectations around product design, risk communication and market conduct.

The regulator’s move to work with Eunice fits into this shift. By focusing on trials inside the sandbox, the FCA is building a system that responds to real behaviour rather than assumptions.

The decision also supports the UK’s long-term plan to use evidence gathered from ongoing experiments to shape final rules.

The sandbox programme will continue to influence how the UK designs its next phase of crypto regulation.

As new projects enter the environment, the FCA will gather more insight into how disclosure tools perform, how markets react and how different rules might work once introduced.

The Eunice trial marks an early step in this process, and future policy decisions are expected to draw heavily on the findings produced through these real-world tests.

• HYPE rises as USDGO launches on Hyperliquid, Plume, and Aptos.
• Whale activity and token unlock drive short-term market momentum.
• HYPE’s key support level lies at $28.98, while immediate resistance levels lie at $35.03 and $39.87.

Hyperliquid (HYPE) has seen a notable uptick in its trading performance, driven in part by the announcement that Paxos has selected the platform, alongside Plume and Aptos, as primary launch networks for its USDGO stablecoin.

At press time, the HYPE token was up 3.3% over the past 24 hours, outperforming the overall crypto market’s modest increase of 0.49%.

Paxos rolls out USDGO across key networks

According to a recent press release, Plume, Hyperliquid, and Aptos have been selected as the initial deployment networks for USDGO, reflecting their rapid growth and strategic relevance.

Plume, with over 280,000 active real-world asset holders and $645 million in RWA TVL, serves as a distribution hub for compliant liquidity.

Hyperliquid, on the other hand, will integrate USDGO into its perpetual trading and lending markets, enhancing collateral rails and yield-aligned trading opportunities.

Furthermore, Aptos will become the first network to deploy a Move-native OFT stablecoin, positioning enterprise-focused applications to leverage regulated, high-throughput liquidity.

Paxos’ USDGO stablecoin, an omnichain extension of its regulated USDG, is designed to provide fully backed, compliant liquidity across multiple blockchain networks.

Leveraging LayerZero’s omnichain-fungible token (OFT) standard, USDGO allows seamless cross-chain transfers while maintaining a 1:1 backing with cash, short-term US Treasuries, and cash equivalents.

Notably, the integration of USDGO across these networks is supported by the USDGO Portal, cross-chain APIs, and unified supply mechanics, enabling smooth swaps and reducing the risks associated with fragmented bridge mechanisms.

Early adoption within these specialised domains is expected to set the stage for broader multi-chain growth.

Whale activity and token unlock stir market dynamics

Hyperliquid has also been in the spotlight ahead of a significant HYPE token unlock valued at approximately $314–$316 million, representing about 2.66–3.6% of the total supply.

Scheduled for November 29, the cliff unlock is drawing attention across crypto communities, prompting discussion over potential sell pressure and market impact.

LATEST: ⚡ Hyperliquid will release $314 million worth of HYPE tokens on Saturday in a cliff unlock, with BitMEX co-founder Arthur Hayes cautioning that the event could introduce unavoidable selling pressure. pic.twitter.com/iVH28nb2oZ

— CoinMarketCap (@CoinMarketCap) November 24, 2025

Despite this, whales are accumulating HYPE, which has bolstered investor confidence.

A prominent whale increased a $44.5 million ETH long, reflecting confidence in broader market conditions and the potential for leveraged gains to spill over into HYPE trading volumes.

HYPE price targets and outlook

Technical analysis highlights critical levels that HYPE traders should watch in the coming days.

For HYPE to maintain upward momentum, it must stay above $28.98, with the first major resistance at $35.03.

If HYPE breaks past $35.03, analysts note that it could rise toward $39.87, with a third resistance at $43.82.

Notably, options data suggest limited downside near $28, providing a degree of confidence ahead of the token unlock.

However, a failure to hold the $28.98 support, especially following the upcoming token unlock, may see prices dip to the next key support around $25.85.

• SEC clears FUSE token as a non-security, providing regulatory clarity.
• FUSE token rewards network participation and green energy actions, not profits.
• Market shows renewed momentum, boosting FUSE token price outlook.

The US Securities and Exchange Commission (SEC) issued a no-action letter to Fuse, a Solana-based decentralised physical infrastructure network (DePIN) project, providing the token with rare regulatory clarity.

This development has sparked optimism on the FUSE token’s potential, highlighting its utility-driven design and positioning it as a notable example of how blockchain projects can navigate US securities regulations.

SEC clears Fuse

Fuse Crypto submitted a formal request to the SEC’s Division of Corporation Finance on November 19, seeking confirmation that it could continue offering its FUSE token without triggering enforcement action.

In its response, the SEC confirmed it would not recommend enforcement, based on the specific facts and circumstances described by Fuse.

This no-action letter, while conditional, marks a significant milestone for the project, as such regulatory guidance is rare in the crypto space.

Notably, the SEC decision signals a shift under Paul Atkins’ leadership toward a more practical and balanced approach to token oversight, contrasting with the more stringent policies of previous administrations.

Unlike speculative tokens, the FUSE token is designed for participation and network utility.

It functions as a reward for users maintaining Fuse’s distributed infrastructure rather than as an investment vehicle.

Holders earn tokens through active engagement, such as contributing to the network’s Solana-based operations, installing solar panels, or using electric vehicle chargers.

By linking token rewards to tangible, energy-focused activities, Fuse has structured FUSE as a consumptive asset that aligns with regulatory expectations, reducing the risk of it being classified as a security under US law.

Utility-driven token model

The SEC highlighted that FUSE token holders do not expect profits from Fuse’s managerial efforts, and the token does not grant ownership, dividends, or voting rights.

This utility-driven framework allows participants to redeem tokens for benefits such as energy bill discounts, priority access to home electrification upgrades, or carbon-offset programs.

By emphasising real-world use cases and sustainable energy participation, Fuse has created a model where blockchain technology directly incentivises environmentally conscious behaviour.

The token’s scalability ensures it can grow alongside the project’s broader green energy initiatives, reinforcing its role as a functional, consumptive asset rather than a speculative instrument.

The approval has resonated across the DePIN sector, a space valued at over $24 billion, as it provides a blueprint for other infrastructure-driven blockchain projects.

Fuse’s approach demonstrates how decentralised networks can effectively integrate tokenised rewards with practical utility, offering both financial and environmental value to participants.

Market impact and FUSE token price outlook

Following the announcement, the FUSE token has shown signs of regaining momentum in trading markets.

Current figures indicate that the token trades around $0.0077, with a market capitalisation of approximately $2.4 million and total value locked exceeding $68 million.

Over the past year, the token experienced a significant decline from its all-time high of $2.13 in January 2022, but the SEC’s no-action letter has injected renewed confidence among investors.

Looking ahead, Fuse’s strengthened regulatory position, combined with its utility-oriented model, could positively influence the FUSE token price outlook over the medium term.

• Kaspa has rebounded to above $0.05 as bulls eye new momentum.
• The KAS token’s 25% price surge comes as altcoins see renewed buying pressure.
• A spike in trading volume and retest of key price levels could buoy bulls further.

Kaspa (KAS) price has rebounded by more than 25% in the past 24 hours, with the altcoin surging amid renewed buying pressure and growing optimism in the crypto market.

As of writing on November 25, 2025, KAS changed hands near $0.050, having touched an intraday high of $0.053 and an intraday low near $0.044.

Meanwhile, trading volume spiked to over $103 million, up 144% in the past 24 hours.

KAS’ rally follows a steep correction that saw KAS extend its decline since the all-time high of $0.207 reached in August 2024.

The latest uptick has reduced that drawdown to about 74%.

Kaspa price today

The token’s price fell to its lowest level in over three years when it hit a low of $0.036 on November 21, 2025.

By climbing more than 25% in the past 24 hours, the proof-of-work token’s value is back to the crucial $0.05 level.

Gains come as top coins eye confidence-boosting moves following the market-wide crash that sent Bitcoin nosediving to lows of $80,000.

With BTC showing resilience near $88,000 despite ETF outflows, Kaspa appears poised to ride overall upside momentum.

Bulls could reclaim the critical support area above $0.06.

Kaspa price technical outlook

Kaspa price has traded in a downtrend since hitting its all-time high above $0.20 in August 2024.

Having spent the last twelve months swinging lower, bulls are now looking for a breakout as they bounce off the support of a multi-month falling wedge.

KAS, in fact, popped from lows of $0.009 reached on October 10, 2025, the Black Friday bloodbath that had over $19 billion in leveraged positions wiped out in hours across the crypto market.

Bulls’ resurgence currently sees the token hover in the region that saw massive buy-side pressure build up in 2023, just before a parabolic run to the ATH in August 2024.

Kaspa price is now retesting the level, and a breakout could bring another bull run into view.

If buyers manage to defend this zone, a trend reversal is likely. First off, the 50-day exponential moving average sits at $0.053.

Taking this supply zone out on increased buy volume will help KAS price target $0.064 and higher.

The daily RSI gives bulls an upper hand after sharply bouncing off oversold territory.

Should seller exhaustion hold, validation of the trend reversal will strengthen.

Kaspa price’s outlook on this indicator gets a boost from the MACD.

On the daily chart, the MACD has printed a bullish crossover pattern, and the green histogram adds to this outlook.

If momentum allows bulls to break out of the $0.055-0.065 zone, a successful breach of the wedge pattern’s resistance line could bring $0.10-$0.15 into play.

However, if prices flip negative in the short term, key support will lie in the $0.045-0.036 zone.

• The biopharma company plans to launch the first-ever crypto treasury around the Rain project.
• Enlivex sees long-term potential in Rain’s open-prediction market.
• Native RAI rallied after the news, up 110% within minutes.

The cryptocurrency market remained relatively stable on Monday, with Bitcoin holding above $86,000.

While most assets saw minor price actions, RAIN has decoupled with a sharp uptrend.

The altcoin has gained roughly 110% minutes after news that biopharmaceutical firm Enlivex Therapeutics plans to build a $212 million Rain-based crypto treasury.

NEWS: ENLIVEX completes a $212M digital asset treasury investment into $RAIN, a decentralized prediction markets protocol pioneering the next wave of prediction markets. Matteo Renzi, former Italian PM, joins the board.

— Ash Crypto (@AshCrypto) November 24, 2025

Reports suggest that the Nasdaq-listed company will complete the fundraise through PIPE (a private investment in public equity).

Notably, Enlivex will become the first institution to create a DAT (digital asset treasury) linked to a prediction-market crypto project.

The proposed raise involves Enlivex selling 212 million shares at $1 per share, with settlement in USDT and US dollars.

Meanwhile, the deal is expected to close by November 25, depending on final authorisations.

For a firm that focuses on immunotherapy research, dedicating millions to crypto reflects a bold move into the blockchain infrastructure.

Furthermore, the move adds credibility to RAIN as a legitimate token with serious value in the financial world.

The update flipped sentiments around the RAIN coin, catalysing a sharp rise minutes after the news surfaced.

Why the bold bet on Rain?

Talking with The Block, Enlivex board chairman Shai Novik highlighted Rain’s infrastructure as the scalable backbone that their firm has been pursuing.

He equalled Rain’s dominance in prediction markets to Uniswap in decentralised trading. Novik said:

For us, that open-architecture model represents the scalable growth engine we were looking for. We view Rain as the foundational infrastructure layer for the industry, similar to how Uniswap underpins decentralized trading.

That means Enlivex is more than just purchasing RAIN.

The biopharma is investing in a decentralized prediction-market model poised to transform on-chain information marketplaces.

A unique approach to reduce volatility

Indeed, cryptocurrency and volatility go hand in hand, and that has repelled many institutional players from interacting with digital tokens.

In that context, the Rain Foundation will back Enlivex’s DAT launch with a grant that adjusts the firm’s entry price, with 0.95 as the initial mNAV (modified net asset value).

That reduced early-stage volatility as the biopharma will have a stabilised baseline to start its DAT strategy.

RAIN price outlook

Rain’s native token led the gainers today.

The coin is trading at $0.007526 after a 110% uptick on its daily price chart.

The 66% surge in 24-hour trading volume indicates renewed appetite in RAIN.

While the alt eyes further uptrend, it can hardly decouple for long due to the prevailing broader selling pressure.

Therefore, RAIN remains prone to erasing part of its gains in the near term.

• Zcash price traded to above $744 in November, reaching the highs on two occasions as privacy coins rallied.
• While sentiment took a hit as price fell amid profit-taking, the privacy coin’s token remains largely bullish.
• Bulls may target the $1,000 high.

Zcash dropped to a low of $530 as Bitcoin rebounded to near $87,000 before also paring gains.

The altcoin could revisit support again, but an upbeat market amid whale accumulation means ZEC could target the multi-year highs again in the coming weeks.

However, that optimism could get a serious dent should prices fall below $500.

ZEC falls 8% but bulls fade bears

Zcash’s latest price action tells a tale of fleeting optimism punctuated by relentless bearish momentum.

Recently, ZEC clawed its way up double digits to hit $740 highs and lead the top altcoin gainers.

A lot of the momentum got fuel from institutional whispers of accumulation.

It included aspects such as Cypherpunk Technologies’ recent ZEC treasury addition and VanEck’s projection of the altcoin were seen as a vote of confidence.

Yet, as Bitcoin crashed to lows of 80,000, even ZEC’s uptick proved ephemeral.

On November 24, 2025, ZEC dropped to intraday lows of $530 after plummeting nearly 8%.

Zcash’s intraday high of $608 nonetheless beckons after bulls bounced to $547 as of writing.

Zcash price forecast

Zcash’s trajectory hinges on technical resilience amid bearish headwinds.

The daily chart shows the price remains above the 50-day exponential moving average.

Meanwhile, the Relative Strength Index (RSI) on the timeframe reads 52.30, dipping but not beyond the neutral territory mark.

At current levels, RSI neither screams “buy” nor “oversold,” aligning with the market’s indecision.

Bulls need an upsloping direction above 500, while bears will have eye on movement below the threshold.

Despite bears threatening the recent rally, bulls have it all in front of them as they battle to keep the $530 price level.

Here’s what analysis by LunarCrush says about ZEC:

“After pricing moving up more than 1400% in the last three months, Zcash took a break this week with price moving down 20%. Social activity remains extremely strong as the 5th most mentioned coin, ranking right after $XRP and just ahead of $DOGE. $ZEC has shown to be highly correlated to moves in social activity and [social activity] is rising again.

What’s next

A revisit of the $550 zone and a retest of $600 might spell a flip to the current downward vulnerability.

In any case, trading volume falling 38% in the last 24 hours and price bouncing off key levels suggests ZEC is not in panic selling mode yet.

Buyers can seize this opportunity to push ZEC above key psychological levels.

If the privacy narrative strengthens, fresh targets could emerge above $1,000.

Long-term, Zcash’s privacy edge could catalyze further gains, with scarcity favoring bulls.