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A massive Ether treasury project led by China’s crypto elites amidst market rout. China’s prominent crypto figures have quietly shelved a high-profile effort to create a $500 million Ethereum Digital Asset Treasury (DAT) firm, halting the initiative after months of planning amid a deepening slump across global crypto markets. The project, which was spearheaded earlier this year by Huobi founder Leon Li Lin, HashKey Group chairman and CEO Xiao Feng, Meitu co-founder Mike Cai Wensheng, and Fenbushi Capital founder Bo Shen, had set out to raise half a billion dollars to build a DAT company dedicated to investing in ether,…

Digital asset treasuries (DATs) were among the most visible corporate phenomena of the last bull cycle. Built on the premise that holding bitcoin BTC$84,762.51 on the balance sheet was itself a value-generating strategy, many attracted strong market premiums simply by accumulating BTC faster than competitors. But as valuations normalize and net asset values (NAVs) tighten, DATs are discovering that passive exposure may no longer be enough.”There’s been this collective realization as NAVs start to squeeze,” Matt Luongo, co-founder and CEO of Bitcoin finance platform Mezo, told CoinDesk in an interview. “Most of them don’t actually have an edge over anyone…

XRP has fallen below the key $2 psychological support level as bearish pressure intensifies across the broader market. The altcoin’s decline has accelerated over the past week, prompting significant selling from major holders. This shift in behavior from large investors has amplified downward momentum and weakened XRP’s short-term outlook.Sponsored SponsoredXRP Whales Switch Their StanceWhales have moved decisively from accumulation to heavy selling. Addresses holding between 10 million and 100 million XRP have dumped more than 250 million tokens in the past 48 hours alone, worth over $480 million. This selling wave follows more than 20 consecutive days of accumulation by the…

Technical reversal signals emerge amid extreme oversold conditions following an aggressive institutional distribution wave.News Background• Whale wallets dumped nearly 200 million XRP (~$400M) over 48 hours, triggering acute supply pressure• Market-wide risk-off intensified as Bitcoin slipped below $90,000, pulling altcoins into deeper volatility• Bitwise’s new XRP ETF posted $25.7M first-day volume and $107.6M AUM, signaling strong institutional demand• Sentiment across majors remains fragile, with total crypto market cap still drifting under heavy outflowsPrice Action Summary• XRP fell from $1.96 → $1.91, marking its lowest close in three sessions• Volume spiked 67% above average to 182.1M, confirming institutional selling• A descending…

Hedera has suffered a sharp decline over the past week, with its price falling to $0.130 after losing more than 18%. This drop is significant because HBAR broke below a crucial support level that had protected investors’ profits for more than a month. Sponsored Hedera Is Following The KingHedera’s correlation with Bitcoin currently sits at 0.97, one of its highest readings in months. This near-perfect correlation signals that HBAR is heavily mirroring Bitcoin’s price movement. Such strong alignment becomes especially problematic during periods when BTC faces substantial pressure, as seen this past week.With Bitcoin dropping to $84,408, HBAR has moved almost in…

Increased crypto adoption is attracting greater attention and scrutiny from tax authorities.The Trump administration has brought greater legitimacy to the crypto and DeFi industries, and as a result, countries such as the United States, Korea, and Brazil are considering new tax regulations for crypto transactions.On Nov. 17, the White House proposed new rules from the Treasury Department, which would see the U.S. cooperate with the Crypto Asset Reporting Framework (CARF), an international crypto tax agreement.CARF was formed in 2022 and already involves crypto-friendly nations such as the UAE and Japan, as well as other G8 countries, including Canada and Germany.In…

In brief Public Citizen published new evidence showing Grok citing neo-Nazi and white-nationalist websites as credible sources. The group sent letters to the Office of Management and Budget, urging a suspension of federal use, and said it received no response. Advocates said Grok’s behavior and training data made it unfit for federal deployment as xAI expanded government contracts. Public Citizen, a nonprofit consumer advocacy organization, escalated its warnings about Elon Musk’s Grok AI on Friday after publishing new evidence showing the chatbot cited neo-Nazi and white-nationalist websites as credible sources.The group said the behavior should disqualify Grok from any federal…

Liquidation calls from the sidelines are growing louder for Strategy (MSTR) as bitcoin tumbles and the company’s common stock has plunged nearly 70% from last year’s peak, calling into question — for some — the firm’s ability to continue to meet its obligations.Throughout 2025, Strategy has relied on perpetual preferred stock as its primary financing vehicle for bitcoin purchases, while mostly using at-the-market (ATM) common share issuance mainly to cover its preferred dividend obligations.Led by Executive Chairman Michael Saylor, the company issued four U.S.-listed preferred series during the year: Strike (STRK) pays an 8% fixed dividend and is convertible into…

Ethereum is testing a critical juncture as the golden pocket between $2,600 and $2,800 comes into play. With resistance looming at $2,800, the market now faces a pivotal moment. Can ETH reclaim this level and spark a move toward $3,000, or will sellers push it back below key support? Golden Pocket Breakdown Validates Ethereum’s Downside Target In an Ethereum update, analyst Luca has offered a detailed analysis of the leading altcoin, reflecting on the expert’s previous predictions. As he covered all his PAT updates and his latest YouTube video, once Ethereum broke down below the high-timeframe support range, specifically the…

Key takeaways:ETH derivatives positioning shows large traders increasing long exposure as sentiment stabilizes despite ongoing weakness in broader risk markets.Public companies holding sizable ETH reserves continue to trade at discounts, signaling investors still lack conviction in a near-term recovery.Ether (ETH) faced a sharp 15% drop Wednesday to Friday, falling to $2,625, its lowest level since July. The move wiped out $460 million of leveraged ETH bullish positions in two days and extended the decline to 47% from the Aug. 24 all-time high.Demand from ETH bulls is still mostly absent in derivatives markets, although sentiment is slowly leaning toward a potential…