Charlie Sherry, head of financial and crypto analysts at BTC Markets, said Bitcoin’s recent drop to $93,000 is “best understood as part of its historical pattern of healthy corrections after sharp gains.” He added that these pullbacks “are indicative of a cyclical pattern that allows the market to consolidate gains and reduce leverage before further gains,” before predicting that this could be the last major pullback before Bitcoin reaches $100,000. CK Zheng, co-founder of ZX Squared Capital, commented that $100,000 is a strong resistance level for Bitcoin in the near term, “certain long-term holders may choose to reduce their Bitcoin exposure at this psychological barrier, and the market may enter a consolidation phase after the huge volatility following the US election. We believe that the pullback is healthy, but the magnitude of the pullback will be quite small. A 20% pullback will provide a good entry point for new long-term investors.” Zheng said the company expects Bitcoin to break the $100,000 milestone “in the coming months” as the new Trump administration pushes for crypto-friendly rules and regulations in the United States. (Cointelegraph)

Solana Daily data shows that in the past 30 days, Solana ecosystem GameFi tokens have performed well. Among them, the market value of MANA reached US$1.3 billion, an increase of 135%; the market value of GMT was US$647 million, a growth rate of 71%. The market heat in the GameFi field continues to rise, once again making Solana GameFi the focus of attention. (Data source: CryptoRank, November 25, 2024)

According to SoSoValue data, yesterday (November 25, Eastern Time), the total net outflow of Bitcoin spot ETFs was US$438 million. Yesterday, Grayscale ETF GBTC had a single-day net outflow of US$158 million, and the current historical net outflow of GBTC is US$20.484 billion. Grayscale Bitcoin Mini Trust ETF BTC had a single-day net inflow of US$420,500, and the current total historical net inflow of Grayscale Bitcoin Mini Trust BTC is US$697 million. The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock ETF IBIT, with a single-day net inflow of US$268 million, and the current total historical net inflow of IBIT reached US$31.60 billion. As of press time, the total net asset value of the Bitcoin spot ETF is US$102.23 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) is 5.44%, and the historical cumulative net inflow has reached US$30.404 billion.

Su Zhu posted on X that he had closed his SOL long position (from $185 to $238), and went long on FTM at $0.96, and continued to go long on ETH from $2766.

The post Donald Trump-backed World Liberty Financial Protocol Receives Largest $WLFI Investment From Tron DAO appeared first on Coinpedia Fintech News Justin Sun, a popular web3 leader under the Tron (TRX) ecosystem, has announced that Tron DAO has invested $30 million in Donald Trump-backed World Liberty Financial ($WLFI). Following the strategic investment, Tron DAO is now the largest... source: https://coinpedia.org/news/donald-trump-backed-world-liberty-financial-protocol-receives-largest-wlfi-investment-from-tron-dao/

Telegram's crypto reserves surged to $1.3 billion, driving profits and offsetting challenges like CEO Pavel Durov's legal issues. Despite growth in ads and subscriptions, concerns over content moderation and debt financing linger.

Markus Thielen, founder and CEO of 10x Research, said today: "Bitcoin is consolidating ahead of the Thanksgiving long weekend as traders expect implied volatility to fall." He added that Bitcoin has a historical tendency to weaken at the end of the month, which "helps to ease its overbought technical conditions." Thielen said that broader macroeconomic factors such as strong economic growth data may cause the Federal Reserve to keep interest rates stable in December, surprising the market and affecting high-risk assets, but he remains optimistic about the coming weeks. "Despite these short-term resistances, we still believe that Bitcoin will break the $100,000 milestone in the coming weeks and remain optimistic about 2025." (Cointelegraph)

According to SoSoValue data, yesterday (November 25, Eastern Time), the total net inflow of Ethereum spot ETFs was US$2.834 million. Yesterday, Grayscale Ethereum Trust ETF ETHE had a single-day net outflow of US$7.6463 million, and the current historical net outflow of ETHE is US$3.346 billion. Grayscale Ethereum Mini Trust ETF ETH had a single-day net outflow of US$3.9565 million, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is US$363 million. The Ethereum spot ETF with the largest single-day net inflow yesterday was Bitwise ETF ETHW, with a single-day net inflow of US$8.7491 million, and the current historical total net inflow of ETHW reached US$390 million. The second is Fidelity ETF FETH, with a single-day net inflow of US$4.3563 million. Currently, FETH's total historical net inflow has reached US$709 million. As of press time, the total net asset value of Ethereum spot ETF is US$10.277 billion, and the ETF net asset ratio (market value to Ethereum's total market value) is 2.44%, and the historical cumulative net inflow has reached US$110 million.

Nigel Green, CEO of independent wealth management and financial advisory agency Devere Group, called on the UK government to establish a national Bitcoin reserve. Green stressed that as the price of Bitcoin approaches $100,000, it has the potential to strengthen the UK's economic position. He described the opportunity for British Prime Minister Keir Starmer to take the lead in implementing a revolutionary financial strategy, commenting: "The United States is already moving in this direction. President-elect Trump, now known as the 'Crypto President', has pledged to establish a national Bitcoin reserve, laying the foundation for this goal." Green warned that the UK cannot be complacent in the race for economic innovation and autonomy. He believes that Bitcoin's unique characteristics, including its decentralized framework, limited supply and anti-inflation properties, make it a unique asset, and "Having Bitcoin as a strategic reserve can transform the UK's fiscal strategy, providing a hedge against traditional market volatility and currency devaluation." (Bitcoin.com)

Crypto market analysts remain confident that Bitcoin will hit six figures before the end of the year despite the recent 7% correction. source: https://cointelegraph.com/news/analysts-see-final-flush-before-100k-rush-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Farside Investors data, the U.S. Ethereum spot ETF had a net inflow of US$2.9 million yesterday, marking two consecutive trading days of net inflows.

Metaplanet is positioned as a “key player in driving BTC adoption in Japan.”

The Movement Network public mainnet is the first Move blockchain based on Ethereum, designed to provide high TPS, increased security, and near-instant finality.

Justin Sun’s $30 million investment in Donald Trump’s DeFi platform, World Liberty Financial, revitalises the struggling WLFI token, which had raised just $21 million of its $300 million goal due to restrictive investor terms.

MicroStrategy is not just about triple arbitrage of stocks, bonds and currencies. The key is to turn the MSTR stock into the real Bitcoin in traditional finance (recently MSTR's trading volume has exceeded the total of Bitcoin ETFs). It can be said to be a masterpiece of "using the false to cultivate the true".

Amazon positions Anthropic as 'hub for AI infrastructure development'

A legal expert said that Pump.Fun's extreme live broadcast content involves threats, fraud and illegal behavior, which may trigger criminal investigations and civil lawsuits.

Pump.fun has indefinitely disabled its livestreaming feature after widespread abuse, including threats, violence, and price manipulation, shocked the crypto community. Despite boosting moderation efforts and using automated tools, the platform admitted it could not control the surge in harmful content.

BOB Hybrid L2 solves some of the most pressing challenges in building a decentralized financial system on top of BTC L1. It does this by creating a BTC bridge that inherits the security of BTC L1 and maintains trust minimization.

I still think that the climax will come next year, and this round of Bitcoin climax will not end so quickly this year.