In a strategic move to restructure its capital and enhance shareholder value, ETHZilla, an Ethereum treasury company listed on Nasdaq, sells $40M in ETH. On October 24, 2025, the company liquidated approximately 11,900 ETH, valued at about $40 million, when Ethereum was priced at around $3,338 per coin. This sale is part of a larger $250 million share buyback plan, designed to close the gap between its stock price and its net asset value (NAV). The company embraced the idea of buying back its outstanding shares for $250 million to align its stock price with its NAV. The ETH sale…
Author: Luis Malave
The Dogecoin ETF approval timeline has officially begun. Bitwise has triggered a 20-day countdown, set to end on November 26. This bold strategy, aiming for Dogecoin ETF approved, puts pressure on the U.S. Securities and Exchange Commission (SEC) to intervene or allow automatic approval. By removing the delaying amendment under Section 8(a), Bitwise demonstrates confidence that regulators will treat Dogecoin similarly to Bitcoin and Ethereum, potentially opening Wall Street access to the popular meme coin. The firm has taken a decisive step towards bringing Dogecoin to Wall Street. Its latest filing indicates that the proposed Dogecoin ETF could become effective…
Large Bitcoin (BTC) holders are executing a quiet but significant accumulation strategy. In the last seven days, Bitcoin whales accumulate an impressive 29,600 BTC. This activity occurs despite a sharp market correction that has erased over 20% from recent highs. Currently, Bitcoin is trading above $101,000, after briefly falling to $99,600 two days ago, demonstrating renewed confidence from institutional investors and early adopters. According to CryptoQuant data, wallets holding between 1,000 and 10,000 BTC have added approximately 29,600 Bitcoins to their reserves. Analyst JA Maartun highlighted that the combined balance of these wallets, known as “whales,” increased from 3.436 million…
In a significant step towards integrating blockchain into the traditional financial system, Japan’s largest banks have received approval to conduct proof-of-concept (PoC) trials for a yen-denominated stablecoin. This ambitious project, which will see Japan banks launch stablecoin, expects practical use by March 2026, according to a Nikkei report earlier this month. The initiative marks a crucial advance in the large-scale adoption of stable digital currencies in the world’s third-largest economy. Japan’s Financial Services Agency (FSA) has authorized the stablecoin pilot, involving three banking giants: MUFG Bank, Sumitomo Mitsui Banking Corp., and Mizuho Bank. The primary objective of these PoC trials…
Cardano (ADA) continues to face heavy selling pressure despite a modest bounce this week that pushed it just above $0.53. After a monthly drop of over 30%, Cardano faces whale sell-off by large holders. On-chain data reveals that whales—wallets holding between 100,000 and 1 million ADA—have liquidated over 4 million tokens in the past week alone. This sustained selling by large investors coincides with ADA’s prolonged decline from September highs, contributing to persistent downward momentum across the market. This week’s brief rebound has done little to shift overall sentiment. Technical indicators suggest further downside risks, and confidence among high-net-worth investors…
The blockchain of Ethereum has reaffirmed its leadership in the stablecoin ecosystem, reaching new records this week. According to Token Terminal data, the total supply of stablecoins on the Ethereum network hit $184.1 billion, setting a new all-time high. This figure underscores a significant shift in market liquidity, which is strongly flowing towards the Ethereum platform, reaffirming that Ethereum dominates stablecoins. The platform has experienced a notable resurgence in the past week, capturing a massive amount of capital. Fresh data from Artemis confirms that Ethereum has absorbed over $3.5 billion in stablecoin inflows over the past 72 hours, far surpassing…
The cryptocurrency market has witnessed a disappointing performance for XRP, the digital currency associated with Ripple. Despite a series of seemingly optimistic announcements at the company’s recent Swell event, XRP price falls significantly, extending its losing streak into November. This drop of over 9% has raised concerns, as technical charts show a breakdown of a bearish flag pattern and the imminent formation of a “death cross,” suggesting a potential continuation of its downtrend towards key support levels. XRP reached a high near $2.40 on November 5. However, in the hours following Ripple’s flagship Swell conference, XRP price has fallen sharply,…
In a move that defies recent market weakness, Solana (SOL) Exchange-Traded Funds (ETFs) have recorded impressive institutional demand. In just eight days, Solana ETFs defy market by accumulating over $323 million in capital inflows. This consistent flow of investments underscores strong institutional confidence in the Solana ecosystem, even as the token’s price has experienced a significant 17% correction this week. Recent data from SolanaFloor highlights the performance of these financial products. Today alone, Bitwise’s BSOL fund added $29.2 million in inflows, pushing the total capital under management for this fund to over $300 million since its launch last week. This…
The cryptocurrency market is facing renewed bearish pressure. Bitcoin (BTC) has lost key psychological support, as Bitcoin drops below $100,000 for the second time this week. Sentiment soured after a brief relief rally failed, prompting stark warnings from prominent analysts, including Merlijn The Trader. Volatility has returned forcefully. After hitting a relief high of $104,000 on Wednesday, BTC was aggressively pushed downward. The asset fell to $100,500 on Thursday. However, selling pressure intensified just minutes ago, driving the price to $99,700 on Bitstamp. This dip marks the second breach of the coveted six-figure line this week. The first occurred on…
Tether, the issuer of the USDT stablecoin, has executed a significant move as Tether increases Bitcoin reserves over the last 24 hours. The company transferred nearly 9,850 BTC, valued at approximately $1.09 billion. This operation was conducted from the Bitfinex platform, as revealed by public on-chain data. The records show two primary transactions. First, a withdrawal of 961 BTC (about $97.18 million). Shortly after, a much larger block of 8,888 BTC (around $1 billion) was moved. Both transfers were directed to Tether’s official reserve address. With this addition, the firm’s reserve wallet now accumulates a total of 87,296 BTC, valued…
