Day: November 4, 2025

Bitcoin treasury firm Sequans sells 970 BTC to reduce debt

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Bitcoin treasury firm Sequans sold 970 BTC to reduce debt, says it remains committed to long-term accumulation. Summary Sequans sold 970 BTC to reduce debt, while remaining committed to accumulation The sale enabled the firm to halve its debt, reducing it to $94.5 million Some small-cap treasury firms routinely sell their BTC for cash flow In a rare move, a Bitcoin treasury firm sold its BTC holdings. Sequans Communications, a publicly traded IoT chipmaker, and a Bitcoin treasury firm announced the sale of 970 BTC from their balance sheets. The…

Ripple’s RLUSD Stablecoin Crosses $1 Billion Market Cap Milestone

Key Notes The stablecoin maintains a 103% reserve buffer with holdings in US Treasury bills and FDIC-insured bank deposits under NYDFS supervision. RLUSD operates on both Ethereum and XRP Ledger networks with 38,166 holders processing $5.05 billion in monthly transfers. Humanitarian organizations including World Central Kitchen now use RLUSD for cross-border aid payments alongside institutional prime brokerage services. Ripple‘s USD-pegged stablecoin RLUSD surpassed $1 billion in market capitalization in early November 2025, less than a year after its December 2024 launch. The stablecoin achieved the milestone through institutional adoption and…

Sam Bankman-Fried Appeals 25-Year Prison Sentence

Key Notes Sam Bankman-Fried’s lawyers intend to tell the court that he was presumed guilty before he was even charged. The crypto pioneer claims that Judge Lewis Kaplan impeded his judgment. SBF claims that FTX had enough assets to cover the claims of customers. . Sam Bankman-Fried (SBF), the founder of defunct Bahamian-headquartered cryptocurrency exchange FTX, has filed an appeal to his 25-year prison sentence. He has taken this recourse in an attempt to reverse the fraud conviction levied against him, citing that he was “presumed guilty.” It is not…

CleanSpark allocates Bitcoin profits toward AI foray

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CleanSpark is channeling proceeds from its Bitcoin mining operations directly into its new artificial intelligence (AI) division. The company used capital from over $64 million in recent sales to secure critical power and land for data centers. Summary CleanSpark sold 589 bitcoin for $64 million in October, using proceeds to acquire resources for a new AI data center in Texas. The miner produced 612 BTC last month, bringing total 2025 output to 6,537 BTC. The move aligns with a broader industry trend as firms like IREN, Riot, and Cipher pivot…

Stolen Funds Surge To $116.6M

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Balancer, a major DeFi protocol, has suffered a significant exploit, with approximately $116 million drained from protocol vaults. On-chain data shows large, unusual outflows from Balancer’s “0xBA1…BF2C8” address to an external wallet, including 6,587 WETH (~$24.5M), 6,851 osETH (~$26.9M), and 4,260 wstETH (~$19.3M). The scale and nature of the transfers point to a coordinated attack involving high-value assets across multiple vaults. Balancer Hacker Portfolio | Source: Lookonchain Balancer has since confirmed the breach, stating that “around 7:48 AM UTC, an exploit affected Balancer V2 Composable Stable Pools.” According to the…

Dogecoin Price Prediction: DOGE Plunges Harder Than Bitcoin – But Is This Crash Actually a Rare Buying Moment?

Following a brutal start to November, DOGE slid nearly 9% in the last 24 hours to around $0.165 with a 101% surge in trading volume. Market Turmoil Sends DOGE Tumbling While Bitcoin fell about 4% to $103K, the altcoin market was hit much harder. Ethereum and Solana each lost over 7%, and Dogecoin led the downside, briefly touching multi-week lows as long positions were wiped out in a wave of liquidations. According to CoinGlass, over $1.16 billion in crypto positions were liquidated in 24 hours, most of them longs. Analyst…

What’s at Stake for Sam Bankman-Fried’s Long-awaited Appeal?

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With 19 years remaining for Sam “SBF” Bankman-Fried in prison, the former FTX CEO’s legal team will present arguments in the appellate court as to why a panel of judges should consider overturning his conviction or sentence. On Tuesday, the US Court of Appeals for the Second Circuit will hear oral arguments from SBF’s lawyers. Though the details of the appeal were unclear at the time of publication, the former FTX CEO’s legal team said in its initial appeals filing from September 2024 that it intended to argue SBF was…

Bitcoin Analysis: Is the Price Going Up or Crashing? #shorts

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Analysts explore key price levels. Overlapping fair value gaps on the 4-hour and daily charts suggest a potential return to the 115 ‘scene of the crime’. Rejection at 115 could signal a continuation of the bear flag, targeting 107 or lower. #PriceAction #MarketAnalysis #TradingTips #BearFlag ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Institutions move to Bitcoin and Ethereum as altcoins take heavy losses

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October tested crypto markets as BTC and ETH held firm while most altcoins dropped over 80% amid volatility. Whales raised BTC and ETH allocations to 50.1%, added $2.8 billion in stablecoins, and shifted about 300,000 BTC as support moved to $108,000. Summary October was a wild month for crypto as Bitcoin hit $126,000 before dropping 13% in a day and closing around $115,000, while Ethereum stayed near $4,600 and most altcoins lost over 80%. Professionals pulled back from risky bets, raising BTC and ETH allocations from 48.2% to 50.1%, stablecoins…

Legacy Wallets Drive Bitcoin’s November Pullback

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Bitcoin kicked off November with a drop below $108,000 as long-term holders moved large sums to exchanges, signaling profit-taking. Despite the selling pressure, BTC’s resilience above the $100,000 level underscores ongoing institutional support and market stability. Bitcoin Holds Above $100,000 Despite OG Profit-Taking Bitcoin started November under pressure, slipping from $110,000 during Asian trading hours. […] Original