‍Bitcoin Treasury Bear Market Nears End as Key Short Seller Exits MSTR Kynikos Associates has closed its short position against MicroStrategy (MSTR), a major Bitcoin holder, and initiated a long position on Bitcoin. This shift is seen as a bullish indicator for corporate crypto treasury strategies. James Chanos, founder of Kynikos, noted MSTR shares have dropped 50% from their 2025 high, with its market Net Asset Value (mNAV) compressing significantly. This suggests a more accurate valuation for the company. The resolution of the US government shutdown also provides a positive macroeconomic development, boosting market confidence.
‍Hourglass Exchange Sets Strict KYC Deadline for Stable Pre-Deposit Vault Phase 2 Hourglass Exchange has announced a critical deadline for KYC verification for participants in its Stable Pre-Deposit Vault Phase 2. Over 24,000 wallets, holding approximately $1.74 billion in digital assets, have passed an initial screening. The KYC link is live for eligible users, who must complete verification by 11:59 PM UTC on November 11th. Those who experienced prior issues are encouraged to re-verify. The platform utilized Chainalysis for wallet screening. Users who did not receive a link likely did not pass this screening and can withdraw USDC. Hourglass warns to only use the official link from the user dashboard to avoid phishing.
‍Yield Basis Upgrades Pool Contracts to Boost Stability and Compensate LPs Yield Basis has upgraded its pool contracts to address fee distribution discrepancies and protect liquidity providers (LPs), especially for Bitcoin-denominated assets. The new system aims to reduce the impact of market volatility by approximately one order of magnitude. LPs will receive proportional compensation for calculation differences, automatically deposited into their wallets. The migration process, with at least 48 hours' advance notice, will be available indefinitely via a dedicated contract and user interface on yieldbasis.com.
‍US Senate Poised to End Shutdown, Boosting Market Stability The US Senate is nearing a resolution to the government shutdown, a development expected to stabilize financial markets, including the cryptocurrency ecosystem. A bipartisan effort aims to restore normal government operations and mitigate economic uncertainty. A proposed legislative package includes essential spending bills and short-term funding until the end of January. This agreement could restore public services and prevent further economic disruption. Market uncertainty from a shutdown typically impacts crypto. Resolution may encourage institutional investment in Bitcoin and Ethereum. Political deadlock could lead to portfolio de-risking. A stable political climate is crucial for the crypto industry, potentially allowing regulatory bodies to advance discussions on legislation. It also supports a stronger macroeconomic outlook, historically beneficial for digital currencies.
‍Ethereum Gas Fees Plummet to 0.067 Gwei Amid Market Lull Ethereum's gas fees have dropped to an average of 0.067 Gwei, a historic low. While this benefits users with cheaper transactions (e.g., swaps at $0.11), it raises concerns about validator incentives and network security. The Dencun upgrade, which lowered layer-2 fees, has also reduced Ethereum's mainnet revenue by 99%. This "double-edged sword" strategy boosts scaling but cannibalizes base layer income, posing long-term sustainability questions for the Ethereum ecosystem.
‍Ethereum's Fusaka Upgrade: 8x Data Capacity by December 2025 The upcoming Fusaka Upgrade, scheduled for December 2025, will significantly enhance the Ethereum network. Key features include PeerDAS for 8x more blob throughput, optimized blob economics with a reserve fee, and improved DoS attack defenses. The upgrade also introduces preconfirmation support for lower transaction latency and new developer tools. ETH holders require no direct action, but validators and node operators must update their software.
‍AI-Powered Side Hustles Emerge in Crypto for 2025 Artificial Intelligence (AI) is set to revolutionize income generation within the cryptocurrency ecosystem in 2025. Individuals and Web3 projects can now leverage AI tools for automated content creation, digital asset generation, and novel income opportunities. AI-driven content creation, utilizing tools like ChatGPT and Midjourney, enables the production of engaging material for Web3 platforms, including "faceless" YouTube Shorts/TikTok clips and AI-generated social media theme pages. Furthermore, AI facilitates the creation and monetization of digital assets, such as AI-generated NFT art. AI-enhanced freelance services for writing and prompt engineering are also in demand. While AI-powered crypto trading bots and agents offer automated wealth creation potential, success requires strategic niche selection, testing, and continuous effort. The synergy of AI and Web3 promises sustainable income streams and a transformed digital economy.
‍Binance Denies Retroactive Rule Change Claims Binance has refuted allegations of a retroactive change to its terms of service on October 10th, preceding a liquidation event on October 11th. Key Opinion Leader AB Kuai.Dong provided analysis, comparing June 2024 and October 2025 terms, finding no evidence of liability shifting to users. Recent updates focused on user residence, AML compliance, and employee protection, not technical issue liability. This underscores the need for verified information in the crypto market.
‍Ledger Reports Record Revenue, Eyes New York Listing Hardware wallet provider Ledger has experienced a surge in demand, driving revenues into the triple-digit millions for 2025. This growth is attributed to increasing cyberattacks targeting digital assets. The company is reportedly considering a New York listing, with CEO Pascal Gauthier noting that "money is in New York today for crypto." Ledger currently secures an estimated $100 billion in Bitcoin. Despite market dominance, Ledger faced user backlash over new fees for its multisig interface.
‍North Korea Implicated in $15 Billion Bitcoin Heist from LuBian Pool A report from China’s NCVERC alleges that a North Korean state-sponsored hacking group stole over 127,000 BTC from the LuBian mining pool in 2020. The stolen assets are now valued at approximately $15 billion. The funds remained dormant for four years, a characteristic indicative of a nation-state-level operation rather than typical criminal activity. In June 2024, the Bitcoin was transferred to new, still dormant, wallets. This massive theft highlights the growing threat of sophisticated, state-sponsored illicit activities in the crypto space and underscores the need for enhanced security and international cooperation.