‍10x Research: Shorting Ether Could Hedge Bitcoin Exposure 10x Research suggests shorting Ether (ETH) as a hedge against Bitcoin (BTC), citing a shift in institutional focus and structural weaknesses in Ethereum. While Bitcoin attracts institutional capital, Ethereum-focused entities reportedly face resource depletion. Analysts note Bitcoin's continued dominance in institutional investment. Ethereum's previous "digital asset treasury" narrative, encouraging institutions to accumulate ETH and distribute it to retail investors, appears to be faltering due to a lack of transparency in PIPE disclosures and uncertain capital flows. Key support for ETH is at $3,000, with potential drops to $2,700 if breached. Technical indicators suggest a topping pattern and a false breakout from a multi-year wedge formation. Despite this, some major ETH treasury firms maintain a long-term bullish outlook. BitMine, the largest holder, believes ETH could reach $10,000 this year.
‍BDIC Exposes DCB-Bank Crypto Insurance Fraud The Blockchain Deposit Insurance Corporation (BDIC) has issued a warning regarding fraudulent activities involving DCB-Bank. Entities claiming to be BDIC partners are offering fake digital asset accounts and bogus insurance coverage for BTC, ETH, and USDT, ranging from $125,000 to $250,000. BDIC confirms no affiliation with these institutions and has not authorized any external parties to issue BDIC-branded insurance policies. The corporation is collaborating with legal counsel and regulators to address the deception and protect consumers. Consumers are urged to verify all BDIC-related claims directly via the official BDIC website and report any suspicious activity.
‍Forward Industries Authorizes $1B Share Repurchase Amid Solana Treasury Expansion Forward Industries, a significant holder of Solana (SOL), has authorized a $1 billion share repurchase program to return value to shareholders and advance its digital asset treasury model. The company holds over 6.8 million SOL, valued at approximately $1.1 billion, and operates a validator node on the Solana network. This move comes as companies with crypto treasury models face valuation challenges.
‍GoPlus Warns of Stablecoin De-Pegging and Insolvency Risks GoPlus has issued a warning regarding escalating risks of de-pegging and insolvency for stablecoins, particularly those utilizing high-yield strategies, leverage, or external borrowing. The analysis highlights vulnerabilities in yield-bearing, algorithmic, dual-token, and centralized stablecoins. Key concerns include reliance on unstable DeFi protocols, insufficient collateral, and potential governance delays, all of which can lead to significant investor losses during market stress. Investors are urged to exercise caution and conduct thorough due diligence.
‍Bybit Strengthens UAE Digital Asset Sector After Regulatory Milestone Bybit, a leading cryptocurrency exchange, has intensified its focus on talent development in the UAE following its acquisition of a Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA). The exchange recently participated in the NYU Abu Dhabi Career Fair, aiming to attract local talent to the burgeoning digital asset and blockchain industries. This strategic move underscores Bybit's commitment to fostering a robust digital asset ecosystem in the region, as it expands its operations with plans to employ over 500 professionals across Abu Dhabi and Dubai. The regulatory approval allows Bybit to offer a range of regulated virtual asset services across the Emirates, contributing to the UAE's vision of becoming a global digital asset hub.
‍Bybit Offers Crypto Rewards for Black Friday Shopping Bybit is launching a Black Friday rewards program for its Bybit Card and Bybit Pay users throughout November 2025. This initiative allows users to earn exclusive crypto rewards for everyday spending, integrating digital assets into traditional commerce. To participate, users must apply for a Bybit Card or set up a Bybit Pay account and register for the event. This program underscores Bybit's commitment to fostering Web3 adoption and bridging TradFi and DeFi.
‍Giggle Token Enters Deflationary Phase Fueled by Community and Charity Giggle Token (Giggle) is reportedly transitioning to a deflationary model, driven by strong community engagement and significant charitable contributions. A key endorsement from Binance, which committed to donating long-term transaction fees, and an innovative donation-fueled burn mechanism are reducing the token's circulating supply. Founder He Yi emphasized a shift "from a one-way outpouring from the community to a two-way commitment with charity," aiming for a sustainable business model with inherent value through philanthropy and community involvement.
‍Mevolaxy Achieves Record Investor Payouts Amidst Mobile App Launch Mevolaxy, a US-based MEV stake platform, has announced record investor payouts totaling approximately $3.6 million, following the launch of its new mobile application. The app provides users with on-the-go access to Mevolaxy's proprietary Mevstake system, designed to navigate market volatility. Investors contribute to a network-wide bot liquidity pool and receive a share of profits generated by advanced MEV bots, democratizing access to sophisticated trading tools. The platform utilizes expertise in Ethereum, Solana, Arbitrum, and zkSync technologies.
‍BlackRock to Launch Bitcoin ETF on Australian Securities Exchange Global investment firm BlackRock is set to introduce its iShares Bitcoin ETF (ASX: IBIT) to Australian investors around November 11, 2025. The ETF will trade on the Australian Securities Exchange (ASX) with a management fee of 0.39%. This move provides a regulated and cost-efficient pathway for Australian investors to gain Bitcoin exposure, investing directly in BlackRock's existing U.S. iShares Bitcoin Trust. The ETF alleviates complexities of direct ownership such as private key management and secure storage. This development follows updated guidance from the Australian Securities and Investments Commission (ASIC) on digital assets and is expected to further integrate cryptocurrencies into the mainstream financial system.
‍FTX Recovery Trust Withdraws Restricted Payouts Motion The FTX Recovery Trust has withdrawn its motion to limit creditor distributions to certain "potentially restricted foreign jurisdictions." The motion, initially filed in July, aimed to freeze payouts for creditors in 49 countries, citing regulatory concerns. This decision follows significant pushback from the global creditor community, with over 70 objections filed. Creditors view this withdrawal as a victory, though they remain vigilant until compensation is received. Concerns persist regarding the fiat-based repayment structure, with some creditors arguing it does not fully reflect their crypto losses.