Bitcoin bags are getting blown out today, as the price of BTC falls to nearly $80,000 and marks a new seven-month low.

• The continued downward pressure on its price has pushed Bitcoin into a so-called death cross—when the average price of an asset over the short term falls below the average price over the long term. It’s a technical pattern that typically signals extended bearish momentum. For traders who study charts, it confirms what permabulls don’t want to hear: It’s over—at least for now.
• It’s happening as the crypto market as a whole shrinks to $2.91 trillion, shedding nearly $60 billion in the past 24 hours alone. Almost every single coin in the top 100 by market cap is bleeding red.
• The Fear and Greed Index, which measures market sentiment on a scale from 0 to 100, has cratered to 14 points—just four points above the year's low of 10 back in February. When this index drops below 20, it signals "extreme fear," and right now, traders are absolutely terrified.
• But it's not just crypto drama driving the market selloff. The macro picture is turning nasty. Just weeks ago, markets were pricing in a 97% chance the Federal Reserve would cut interest rates in December. Now? Those odds have collapsed to somewhere between 22% and 43%, depending on which metric you check.
• Fed officials are openly divided, with many signaling they'd prefer to keep rates unchanged through year-end. For risk assets like crypto that thrive on easy money, this is poison.
• On Myriad, a prediction market developed by Decrypt’s parent company Dastan, traders are now overwhelmingly convinced that Bitcoin will not mark a new all-time high this year, placing odds at almost 90% that BTC will not top the $126K mark that it hit on October 6.
• The bearish vibes are so strong, Myriad traders also currently place 40% odds that Bitcoin falls as low as $69K. So how low will it go? Here’s what the charts say.
• Bitcoin opened today at $86,691 and immediately sold off, hitting an intraday low of $80,620 before bouncing slightly to its current price at $85,187. That's a 1.61% drop on the day after being almost 5% down over the last 24 hours. More importantly, for traders, it further confirms the death cross pattern that's been progressively forming since its all-time high in early October. The death cross pattern was first confirmed on Wednesday as Bitcoin slid to around $88,000—now it’s fallen deeper.
• Here's what's happening on the charts: Exponential Moving Averages, or EMAs, help traders identify trend direction by tracking the average price of an asset over the short, medium, and long term. When the short-term 50-day EMA falls below the longer-term 200-day EMA, it means bears are in control and the longer-term bull market structure has been broken.
• For Bitcoin, the 50-day EMA has now decisively crossed below the 200-day EMA. In short, this tells traders market momentum has shifted from bullish to bearish. The gap between both EMAs increases the more the price of BTC trades below those targets—and the bigger the gap, the stronger the trend.
• The price of Bitcoin is now trading well below both EMAs, which creates a situation where each bounce attempt faces immediate resistance, increasing the gap between the two EMAs, making the bearish trend even stronger. Bulls trying to push higher will need to first reclaim the 50-day EMA, then tackle the 200-day—a double wall of resistance that's historically tough to crack in one go.
• As for other technical indicators, the Average Directional Index, or ADX, sits at 41, which is considered "strong." ADX measures trend strength regardless of direction, with readings above 25 indicating a clear trend is in place. At 41, this tells us we’re not seeing just a minor correction, but a potentially extended move lower.
• The Relative Strength Index, or RSI, has plunged to 23.18, placing Bitcoin deep in oversold territory. RSI measures momentum on a scale from 0 to 100, with readings below 30 signaling oversold conditions where assets are potentially undervalued. However, "oversold" doesn't mean the selling has to stop—in strong downtrends, RSI can remain in oversold territory for extended periods as prices continue grinding lower. But, yes, this also provides hopium for momentum traders as it signals that the worst of it may be over. (The worst being an accelerated crash, not necessarily a steady drop.)
• The Squeeze Momentum Indicator is flashing "bearish impulse," meaning selling pressure is intensifying rather than easing. Meanwhile, the Volume Profile Visible Range (VPVP) shows the price of Bitcoin trading "below" key volume nodes, suggesting there's not much buying interest at current levels.
• So, everything is bearish, clearly. But where's the next support? How low can the price of BTC go? The chart reveals several key horizontal levels to watch.
• The immediate danger zone is $80,697, which briefly held today but looked shaky. If that breaks, the next major support sits at $74,555, followed by $65,727, and potentially all the way down to $53,059 if panic really sets in during a crypto winter. Those price levels have previous consolidation zones where significant trading volume accumulated, making them natural landing spots for oversold bounces.
• For resistances, traders will watch for BTC’s price breaking past $90,000 again and look at $100,000 as the major psychological target.
• Ethereum opened at $2,830.7 and dropped as low as $2,621 intraday before stabilizing around $2,798—a 1.16% loss on the day. While not as dramatic as Bitcoin's selloff, ETH's technical picture is equally concerning.
• Unlike Bitcoin, Ethereum hasn't fully confirmed its death cross yet—the 50-day EMA is still technically above the 200-day, giving it a "long" signal on an indicator that is obviously hours away from changing to bearish. The gap is razor-thin and closing fast. More importantly, ETH’s price is trading well below both EMAs, rendering that technical distinction somewhat meaningless. The bearish momentum is clearly established.
• A good way to see the natural support zones is using the Fibonacci retracements: a set of natural clusters that appear during a trend, showing supports and resistances in a specific timeframe—not because of price, but because of natural proportions.
• Right now, ETH is testing the 0.618 Fibonacci level at approximately $2,755. If this level breaks, the next Fibonacci support doesn't appear until $2,180, which would represent a massive 22% drop from current prices, and would resolve a price market on Myriad betting on ETH’s moon or doom.
• The ADX for Ethereum is even stronger than Bitcoin's at 46, indicating the downtrend is rock-solid. Meanwhile, RSI sits at 28.46—not quite as oversold as Bitcoin but definitely in stressed territory. The Squeeze Momentum Indicator shows "bearish impulse" here too, confirming sellers are in control.
• XRP is showing relative strength compared to its larger peers, down just 0.50% to close at $1.98 after opening at $1.99 and hitting an intraday low of $1.81796. Don't let that modest percentage fool you though—the technical damage is real.
• Like Bitcoin, the Ripple-linked XRP has confirmed a full death cross with its 50-day EMA now below the 200-day. The price of XRP is trading beneath both EMAs, and with an ADX of 32, the downtrend has enough strength to continue. While 32 isn't as extreme as Bitcoin's 41 or Ethereum's 46, it's still well above the 25 threshold that confirms a trend is in place rather than just random chop.
• The RSI at 32.86 shows XRP is approaching oversold territory but hasn't quite reached the extreme stress levels of Bitcoin and Ethereum. This could mean two things: either XRP has more downside before finding equilibrium, or it's showing genuine relative strength that could make it a safer harbor if the broader market continues tanking.
• XRP had such a crazy year that its price action shows only two major horizontal support levels that should concern XRP holders—and that would be very painful for hodlers, considering the movement from the all-time high to those targets.
• The next major support zone sits at $1.589, which represents a potential 20% drop from current levels. If that breaks, there's very little support until $0.66, a catastrophic 67% plunge from current prices and almost 80% from all-time high zone that would take XRP back to early 2024 levels.

The Squeeze Momentum Indicator is showing "bearish impulse," and like the other coins, the volume profile indicates XRP’s price is trading below key volume levels, meaning there's not much buying interest stepping in to defend current prices.

#Bitcoin #BitcoinDeathCross #Jucom #cryptocurrency #blockchain $BTC/USDT $JU/USDT $ETH/USDT

While discussions are growing that Bitcoin-focused company Strategy (formerly MicroStrategy) could be removed from MSCI indices, the company’s chairman, Michael Saylor, maintained that the operating model is robust and that this possibility will not affect the company’s roadmap.

• MSCI has proposed removing “digital asset treasury companies” whose portfolios consist largely of cryptocurrencies from its indexes. While it noted that such companies “may exhibit characteristics similar to mutual funds,” it stated that these structures are not suitable for the indexes. The final decision will be announced on January 15th.
• In his latest post, Saylor explained that Strategy is an operating company. He pointed out that, in addition to its Bitcoin reserves, it also has a $500 million enterprise software division that has been serving corporations and public institutions for over 20 years.
• Saylor stated, “We understand that index providers periodically review their methodologies, but Strategy is not an ETF, it is not a closed-end fund, and it is certainly not a passive proxy for Bitcoin. We produce, operate, and grow just like any other business.” He added that inclusion or removal from the index would not change the company's strategy, operations, or long-term belief in BTC.
• JPMorgan issued a note this week warning that Strategy's removal from the index could lead to billions of dollars in passive outflows. Analysts estimate that a potential removal from MSCI could lead to a $2.8 billion outflow from passive funds. Overall, approximately $9 billion of Strategy's market capitalization is estimated to be tied to passive, index-tracking ETFs and mutual funds.

The sharp decline in Bitcoin's price is also putting pressure on Strategy shares, which have lost nearly 40% of their value this year.

#Bitcoin #MicroStrategy #MichaelSaylor #Jucom #cryptocurrency $BTC/USDT $JU/USDT $ETH/USDT

The price of Cardano (ADA) was down on Friday after the blockchain suffered an unexpected chain split, which was caused by a malformed delegation transaction that triggered a software flaw. That created problems for Cardano users, and prompted a public apology from the user who claimed that they caused it.

• Intersect, the Cardano ecosystem’s governance organization, said in an incident report that the divergence began when the malformed transaction passed validation on newer node versions, but nodes running older software rejected it.
• “This exploited a bug in an underlying software library that was not trapped by validation code,” Intersect wrote. “The execution of this transaction caused a divergence in the blockchain, effectively splitting the network into two distinct chains: one containing the ‘poisoned’ transaction and a ‘healthy’ chain without it.”
• Earlier that day, Cardano co-founder Charles Hoskinson posted on X that it was a “premeditated attack from a disgruntled [stake pool operator]” who was “actively looking at ways to harm the brand and reputation of [Cardano developer Input/Output Global].”
• According to Hoskinson, all Cardano users were impacted. The price of Cardano’s token ADA was down more than 6% recently, following the incident.
• According to the incident report, the mismatch caused operators to build blocks on different branches of the chain until patched node software was deployed. Developers and service providers coordinated an emergency response, and operators were urged to upgrade to rejoin the main chain.
• Intersect said the wallet responsible for the malformed transaction has been identified, while Hoskinson said it will take weeks to clean up the mess.
• “Forensic analysis suggests links to a participant from the Incentivized Testnet (ITN) era,” Intersect wrote. “As this incident constitutes a potential cyberattack on a digital network, relevant authorities, including the Federal Bureau of Investigation, are being engaged to investigate.”
• Hours after the incident, an X user posting under the name Homer J. said they were responsible for submitting the transaction that triggered the split.
• “Sorry Cardano folks, it was me who endangered the network with my careless action yesterday evening,” they wrote, describing the attempt as a personal challenge to reproduce the “bad transaction” and said he relied on AI-generated instructions while blocking traffic on their server.
• “I've felt awful as soon as I realized the scale of what I've caused. I know there's nothing I can do to make up for all the pain and stress I've caused over the past X hours,” they added. “Difficult to quantify the negligence on my behalf. I am sorry, I truly am. I didn't have evil intentions.”
• Homer wrote that he did not sell or short ADA, did not coordinate with anyone else, and did not act for financial gain. “I'm ashamed of my carelessness and take full responsibility for it and whatever consequences will follow,” he said.
• According to Intersect, no user funds were lost, and most retail wallets were unaffected because they were running node components that handled the malformed transaction safely.
• Hoskinson, the outspoken co-founder of Cardano, claimed in a video message that the network “didn’t go down,” though users did encounter issues before the problem was fixed.

“It is important to note that the network did not stall. Block production continued on both chains throughout the incident, and at least some identical transactions appeared on both chains,” Intersect wrote. “However, to ensure the integrity of the ledger, exchanges and third-party providers largely paused deposits and withdrawals as a precautionary measure.”

#Cardano #CardanoNetwork #Jucom #cryptocurrency #blockchain $ADA/USDT $JU/USDT $BTC/USDT

As crypto’s market structure bill slogs through the Senate, industry leaders have begun a concerted effort to advance separate tax-related priorities in Congress and within the Donald Trump administration.

• On Monday, a powerful industry nonprofit, the American Innovation Project, hosted a private dinner with House members to “educate” the lawmakers on issues related to crypto tax policy and underscore “the lack of clarity” around the issue, sources with direct knowledge of the gathering told Decrypt. 
• The dinner featured members of the tax-focused House Ways and Means Committee, including Adrian Smith (R-NE), Brendan Boyle (D-PA), Greg Murphy (R-NC), Tom Suozzi (D-NY), Jimmy Panetta (D-CA), Ron Estes (R-KS), and Mike Carey (R-OH), the sources said. 
• Pro-crypto legislators, including Rep. Zach Nunn (R-IA), a member of both the House Agriculture and Financial Services committees, were also present.
• Representatives for the congressmen did not respond to multiple requests for comment from Decrypt regarding the dinner.
• The group behind the event, also known as AIP, also hosted a dinner for key Capitol Hill staffers last week on the same issues, the sources said. AIP is a new nonprofit backed by some of crypto’s biggest D.C. players, including Coinbase, Andreessen Horowitz, Paradigm, the Solana Policy Institute, and the Cedar Innovation Foundation, a pro-crypto dark money political spending group.
• As a tax-exempt nonprofit, AIP, by law, must not be “operated for the benefit of private interests” or “attempt to influence legislation as a substantial part of its activities.” AIP members insisted to Decrypt that the tax-focused dinners focused on general education, not policy objectives. 
• But in tandem with those events, the same players behind AIP are gearing up to push their crypto tax policy goals both in Congress and at the executive level.
• On Thursday, the Solana Policy Institute, along with Paradigm and over 60 other crypto organizations, sent a letter to the White House imploring President Donald Trump to take swift action on numerous “quick wins” the groups said could be achieved immediately by his administration. 
• A crypto policy executive familiar with the thinking behind the letter told Decrypt it was designed to encourage the Trump administration to focus on crypto-related goals achievable with the “stroke of a pen.” At the top of that wishlist, the source said, is tax policy. 
• “Tax is huge on the list,” they emphasized. “That should be top of the agenda.”
• The two highest priority tax issues the crypto industry is now pushing for are a de minimis exemption—which would eliminate taxes on small sales of crypto and everyday purchases made with cryptocurrencies—and favorable tax policies on crypto staking rewards, the executive added.
• Crypto staking refers to the process of pledging a certain amount of cryptocurrency toward a network or protocol, thereby helping to secure the network or provide liquidity, and earning a yield on the amount pledged. The questions of when, exactly, those rewards should be taxed—when they’re earned or when they’re sold—has been a contentious issue for tax policy experts and regulators for years.
• The same groups behind AIP are now gearing up to actively push these crypto tax goals in Congress.

The groups are supporting pro-crypto lawmakers in the Senate, including Sen. Cynthia Lummis (R-WY), who have reiterated their commitment to a de minimis tax exemption. They're also at work in the House, where the Ways and Means Committee—which was well-represented at AIP’s member dinner this week—is spearheading efforts to craft tax-related crypto legislation.

#CryptoIndustryMakes #cryptocurrency #blockchain #Jucom $BTC/USDT $JU/USDT $ETH/USDT

A solo miner earned about 3.15 Bitcoin for mining the network’s 924,569th block on Friday, securing $266,000 worth of the asset, despite only having a sliver of a chance.

• The individual, who onlookers believe was using a machine that’s designed for hobbyists, had a less than 1 in 100,000 chance per day of earning the reward, according to data from CKPool, a website that provides resources for people to mine Bitcoin on their own. The miner ultimately received 3.146 BTC, which includes the 3.125 BTC reward plus fees.
• Some companies use massive amounts of computational resources to mine Bitcoin, but the individual that earned the payday on Friday was using a machine with a hash rate of around 1.2 terahash per second, or TH/s, resembling a Bitaxe Gamma—a compact, hobbyist machine that sells for about $100 or less.
• In April, when a solo miner mined a block using a 1.2 TH/s machine, it was estimated that a machine like that would have a 0.00068390% chance per day of mining a block.
• Unless a solo miner comes forward to identify themself, it’s ultimately impossible to know what machine they used, Bitcoin miner retailer Solo Satoshi noted on X in October.
• Most entities mining Bitcoin use so-called pools, where their computational resources are combined with others, but solo miners take matters into their own hands.
• “Another block for the plebs,” an account that goes by Bee Evolved said on X. “Stop telling yourself it can’t be yours, this is living proof that you can do it.”
• This year, there’s been an uptick in the number of solo miners that have beaten the odds, but experts still compare the process of mining Bitcoin individually to playing the lottery.
• Although CKPool (which isn’t actually a mining pool) has been responsible for a number of blocks mined by solo miners this year, a winner has been crowned only 13 times, meaning that the lucrative instances occur a little over once a month, according to Mempool Space.
• Bitcoin miners compete using machines that constantly crunch complex calculations, in a race to find a “nonce,” also known as a “number used once.” As part of Bitcoin’s proof-of-work consensus mechanism, payouts come in the form of newly minted Bitcoin.

Some individuals are motivated by the prospect of a payday, but by contributing to the network’s security, Bitcoin’s backers say that solo miners also improve the network’s overall decentralization.

#Bitcoin #BitcoinMiner #Jucom #blockchain #blockchain $BTC/USDT $JU/USDT $ETH/USDT

Investor and “Rich Dad, Poor Dad” author Robert Kiyosaki disclosed on Friday that he sold his $2.25 million in Bitcoin (BTC) and is reinvesting the money into businesses he owns to generate additional cash flow.

• Kiyosaki said that he acquired the BTC “years ago” when it was trading at around $6,000 and sold it at about $90,000. The profits from the investment will be funnelled into two “surgery centers” and a billboard business, he said.
• The investment in these businesses is expected to yield $27,500 in tax-free monthly income by February 2026, he estimated.
• “I am still very bullish and optimistic on Bitcoin and will begin acquiring more with my positive cash flow,” he said. On Nov. 9, Kiyosaki forecast a BTC price target of $250,000 by 2026 and a $27,000 per ounce price target for gold.

The announcement came as a surprise to some investors, and during the worst drawdown in the current cycle, as Bitcoin fell below $85,000, briefly tapping $80,537 on Friday before rebounding back to about $84,000, the price at the time of this writing.

Despair grips investors, as some analysts say it’s the start of the next bear market

• The Crypto Fear & Greed Index, a metric that tracks investor market sentiment, fell to a multi-year low of 11 on Friday, indicating “extreme fear,” according to CoinMarketCap.
• Bitcoin has dropped by over 33% from its all-time high above $126,000 reached in October, days before the historic market crash on Oct. 10 that triggered the most severe single-day liquidation in crypto history.
• Peter Brandt, a veteran trader with decades of experience, said on Thursday that Bitcoin will reach $200,000 in Q3 2029, adding that the market flush is positive for BTC, which he remains long-term bullish on.

Record outflows from Bitcoin exchange-traded funds and the ongoing downturn signal short-term distress, rather than weakening institutional demand for BTC or deteriorating fundamentals, analysts at crypto exchange Bitfinex said on Friday.

#RobertKiyosaki #Bitcoin #Jucom #cryptocurrency #BTC $BTC/USDT $JU/USDT $ETH/USDT

A UK operation against Russian sanctions evasion has resulted in 128 arrests and the seizure of $32.6 million in cryptocurrency and cash.

The UK's National Crime Agency (NCA) has revealed that a UK-led operation to crack down on Russian sanctions evasion has resulted in the arrest of 128 people and the seizure of $32.6 million in cryptocurrency and cash.🚨🚨🚨

The operation, dubbed "Operation Destabilize," was first announced in 2024. As of December last year, it had resulted in 84 arrests and the seizure of $25.5 million.💡💡💡

However, the latest NCA data shows that the operation has also resulted in the arrest of a further 45 people suspected of money laundering and the seizure of more than $6.6 million in cash.⭐️⭐️⭐️

#InternationalNews #cryptocurrency #blockchain #Jucom #finance $BTC/USDT $ETH/USDT $JU/USDT

Coinbase CEO: Vector.fun Acquisition Marks the Beginning of Introducing Native Solana Technology and Talent, Enhancing Coinbase's Solana Trading Support

Regarding the recent news of Coinbase acquiring Vector.fun, Coinbase CEO Brian Armstrong posted on the X platform, stating: "Earlier this year, I said we would enhance Solana gaming.🚨🚨🚨

Since then, we have integrated AgentKit and x402 into Solana and upgraded the infrastructure to scale the service (5x increase in block throughput and 4x increase in RPC performance).🌈🌈🌈

Now, we are bringing native Solana technology and talent to our platform to enhance Coinbase's Solana trading support. This is how we build an exchange for everything."✨✨✨

#CelebrityViewpoint #Coinbase #Jucom #Vector #cryptocurrency $BTC/USDT $ETH/USDT $JU/USDT

Google released Gemini 3 Pro in a public preview today, calling it the company's most capable AI model to date.

• The system handles text, images, audio, and video simultaneously while processing up to 1 million tokens of context—roughly equivalent to 700,000 words, or about 10 full-length novels.
• The preview model is available for free for anyone to try here.
• Google said the model outperformed its predecessor, Gemini 2.5 Pro, across nearly every benchmark the company tested.
• On Humanity's Last Exam, an academic reasoning test, Gemini 3 Pro scored 37.5% compared to 2.5 Pro's 21.6%. On ARC-AGI-2, a visual reasoning puzzle benchmark, the gap widened further: 31.1% versus 4.9%.
• Of course, the real challenge at this point in the AI race isn’t technical so much as it is gaining commercial market share.
• Google, which once seemed indomitable in the search space, has given up an enormous amount of ground to OpenAI, which claims some 800 million weekly users ChatGPT versus Gemini, which reportedly has around 650 million monthly users. Google has not said how many weekly numbers it has, but that would be far fewer than its monthly count.

Still, the technical achievements of Gemini 3 are impressive.

Introducing Gemini 3 — our most intelligent model that helps you bring any idea to life.

Gemini 3 is our next step on the path toward AGI and has: 🧠 State-of-the-art reasoning 🖼️ Deep multimodal understanding 💻 Powerful vibe coding so you can go from prompt to app in one shot… pic.twitter.com/zG8r95pGcS

— Google (@Google) November 18, 2025

• Gemini 3 Pro uses what Google calls a sparse mixture-of-experts architecture. Instead of activating all 1 trillion-plus parameters for every query, the system routes each input to specialized subnetworks.
• Only a fraction of the model—the expert at that specific task—runs at any given time, cutting computational costs while maintaining performance.
• Unlike GPT and Claude, which are large, dense models (a jack of all trades), Google’s approach acts like a large organization would operate.
• A company with 1,000 employees doesn't call everyone to every meeting; specific teams handle specific problems. Gemini 3 Pro works the same way, directing questions to the right expert networks.
• Google trained the model on web documents, code repositories, images, audio files, and video—plus synthetic data generated by other AI systems.
• The company filtered the training data for quality and safety, removing pornographic content, violent material, and anything violating child safety laws. Training happened on Google's Tensor Processing Units using JAX and ML Pathways software.
• A quick test of the model showed that it was very capable. In our usual coding test asking to generate a stealth game, this was the first model that generated a 3D game instead of a 2D experience. Other runs provided 2D versions, but all were functional and fast.
• This approach follows the style of ChatGPT or Perplexity which encourage further interactions by sharing follow-up questions and suggestions, but Google’s implementation is a lot cleaner and more helpful.
• While generating code, the interface provides tips to help in subsequent prompts, so the user can guide the model into generating better code, fixing bugs, and improving the app’s logic, UI, etc. It also gives users the option to deploy their code and code Gemini-powered apps.

Overall, this model seems to be especially focused on coding tasks. Creativity is not its strong point, but it can be easy to guide with a good system prompt and examples, as it has a very large token context window.

• An archived version of Gemini 3’s model card—a document that provides essential information about the model's design, intended use, performance, and limitations—published by Google DeepMind shows that Gemini 3 Pro can generate up to 64,000 tokens of output and maintains a knowledge cutoff of January 2025.
• Google acknowledged the model may hallucinate and occasionally experiences slowness or timeouts. An official model card is not currently available.
• As mentioned, Google AI Studio is currently offering everyone free access to Gemini 3 Pro. Vertex AI and the Gemini API also support the model. Gemini 3 Pro is not yet available through the Gemini app, however—not even for paying Gemini Pro subscribers.
• The November release positions Google against Anthropic's Claude Sonnet 4.5, Grok 4.1 and even OpenAI's GPT-5.1. Benchmark scores suggest Gemini 3 Pro leads in reasoning and multimodal tasks, though real-world performance varies by use case.

Google distributed Gemini 3 Pro through its cloud platforms subject to existing terms of service. The company's generative AI prohibited use policy applies, blocking use in dangerous activities, security compromises, sexually explicit content, violence, hate speech, and misinformation. #Google#AIModel#Gemini3#Jucom #cryptocurrency $BTC/USDT $ETH/USDT $JU/USDT

Circle on Tuesday introduced xReserve, a new system that enables blockchain teams to issue USDC-backed stablecoins that can easily move across different blockchains.

• USDC is currently the second-largest circulating stablecoin with a market capitalization of $74 billion. The system employs Circle’s attestation service to verify transactions, reducing the need for third-party bridges.
• Traditional bridged USDC tokens often do not work smoothly with native USDC, which limits liquidity and confuses users, Circle explained in a blog post.
• “This fragmentation not only reduces available liquidity per chain but also compounds trust assumptions, as each bridge has its own security model, ultimately complicating risk and slowing adoption for developers and users,” the post reads.
• However, xReserve addresses these issues by enabling blockchain teams to create their own USDC-backed stablecoins that interoperate with USDC via Circle’s CCTP and Circle Gateway.
• The launch comes as demand for interoperable stablecoins grows. The broader stablecoin sector has ballooned to a $303 billion market capitalization, up sharply from $208 billion in January, according to DeFiLlama.
• By allowing stablecoins to move freely across networks, systems like xReserve aim to reduce fragmentation, increase liquidity, and make it easier for people to participate in decentralized finance (DeFi).

How it Works

• xReserve works in two main ways, according to the post. The first is that a user deposits USDC into xReserve on Ethereum, xReserve verifies it, and the partner blockchain uses that verification to mint the same amount of USDC-backed tokens for the user.
• The second is a user burns their USDC-backed tokens on one blockchain, xReserve verifies the burn, and the destination blockchain uses that verification to mint the same amount of USDC or USDC-backed tokens for the user.
• All transfers are verified through xReserve attestations to ensure security and transparency, the blog post explained.

Circle plans to launch xReserve with Canton and Stacks, allowing each blockchain to issue its own USDC-backed stablecoins. The system is also designed to support other digital assets, including EURC, in the future.

#Circle #xReserve #Jucom #cryptocurrency #blockchain $USDC/USDT $JU/USDT $BTC/USDT

It’s been just over a month since Bitcoin hit an All-Time-High of $126,272.76 on October 6 , but things have gone from bad to worse since then. Now, that peak seems like a distant memory.

• Bitcoin fell more than 9% in the week ending November 14 , and was trading below $92,000 on Monday. The sharp decline — partly due to whales selling — has pushed BTC below several key technical levels.
• Last week, Bitcoin entered a “bear market,” meaning it fell 20% or more from its recent peak. Over the weekend, BTC also appeared in a “death cross” technical pattern — when the 50-day moving Medium crossed below the 200-day Medium . Not only that, Bitcoin officially wiped out all of its gains for 2025 .
• All these signals indicate that negative sentiment is surrounding Bitcoin. But does that mean “crypto winter” is coming?
• “ I don’t think we’re in a crypto winter. I think we’re seeing Bitcoin mature ,” Louis LaValle, CEO of Frontier Investments, told MarketWatch.
• He argues that this is not a typical recession model where people give up, prices crash 70–80%, liquidation disappears, and interest evaporates. Instead, Bitcoin is going through a market structure shift , not a traditional bear cycle.

Beware of margin call risk

• Kevin Kelly — portfolio manager at Amplify ETFs — said that in the past, Bitcoin has often fallen in price without institutional involvement.
• But this bear cycle is quite different because BTC is now a “mature asset,” with more liquidation and more institutional acceptance, such as JP Morgan reportedly accepting Bitcoin as collateral .
• Data from CryptoQuant shows that investors who are selling BTC are still profitable , meaning there are no signs of capitulation or margin calls. However, retail investors are not buying the Dip , while whales are buying at low prices.
• CryptoQuant's Julio Moreno said that the amount of BTC held in US ETFs has dropped sharply from 441,000 BTC on October 10 to just 271,000 BTC, reflecting weak demand from the US. At the same time, the " Medium order" in the spot market also shows that retail has not returned.

Technical perspective

• While on-chain data hasn't shown anything too serious, weak demand hasn't been enough to stop the sell-off.
• Analyst Luke Lango said the recent death cross is a worrying sign. He noted that over the past 13 years, every time Bitcoin broke the 50-week moving Medium during a bull run, the market crashed in the following 1-2 years.
• BTC is now down about 27% from its recent peak — still within “normal range,” as the Medium Bitcoin bear market decline is about 30.8% (based on data going back to 2014). In 2022, there have been two declines of more than 45%.
• Kelly said that tightening global liquidation , the Fed's delay in cutting interest rates, and the TGA's withdrawal of liquidation from the system have made BTC much more vulnerable.
• He assessed the current situation as a combination of weak liquidation , continuous sell-offs, and declining sentiment , rather than a single shock.

“The Zone of Extreme Fear”

• The market has entered “extreme fear territory” after Bitcoin failed to hold the psychological $100,000 mark, according to Kelly.
• But investors have not lost interest. After the hot growth period since the January 2023 Dip , a “digestion wave” is normal.
• History also shows that when the market falls into “extreme fear zones,” it is a good opportunity to cash in — especially for long-term investors who Medium over time.

Macro still favors Bitcoin

• Frank Holmes — co-founder of HIVE Digital Technologies — says the macro backdrop is becoming more positive for both Bitcoin and gold.
• “ Excessive government spending and constant money printing create long-term support for scarce and decentralized assets ,” he observed.

Holmes also emphasized that even if new user growth slows in the short term, structural trends such as rising debt, monetary expansion, and geopolitical Shard still favor Bitcoin in the long term.

#Bitcoin #CryptoMarket #Jucom #cryptocurrency #blockchain $BTC/USDT $ETH/USDT $JU/USDT

Cloudflare suffered a global outage that caused a slew of crypto platform interfaces to crash – from exchanges and Block Explorer to DeFi and data sites.

• Cloudflare is a global network infrastructure that provides security, routing, and edge services to millions of websites.
• When the system failed, many crypto platforms such as Coinbase, Kraken, Etherscan, AAVE, defillama, etc. simultaneously displayed the error "500 Internal Server Error". Some large Web2 sites such as Elon Musk's X were also affected.
• Cloudflare confirmed the issue at around 18:48 GMT, describing it as an “internal performance degradation” on a portion of its global network.
• The company said it has identified the cause and is rolling out a fix, but users may continue to see higher-than-usual error rates while the fix is ​​underway.
• The incident occurred at a time when Cloudflare was performing maintenance on some of its data centers, but the company Unconfirmed whether the two incidents are related.
• Cloudflare has disrupted the crypto industry on several occasions: similar network failures caused Coinbase, CoinMarketCap, and other major platforms to go offline in 2022 and 2019.
• In addition, AWS and Microsoft outages have also caused problems for crypto exchanges and wallets – showing how heavily internet infrastructure relies on a few major providers.

“With Cloudflare today and AWS a few weeks ago, it’s clear that you can’t rely solely on one infrastructure provider,” said David Schwed, COO of SovereignAI. “If you need to operate 24/7, you have to build redundancy from the ground up. Waiting for your provider to fix a problem is not a business continuity plan.”

#Cloudflare #Jucom #cryptocurrency #blockchain #Exchange $BTC/USDT $ETH/USDT $JU/USDT

The U.S. Department of Justice on Tuesday charged the founder of a Chicago-based crypto ATM company with taking in at least $10 million in criminal proceeds, and moving the money into digital wallets to conceal its origins.

• The indictment, unsealed in the Northern District of Illinois, accused Firas Isa of running the operation through Virtual Assets LLC, a company that did business as Crypto Dispensers and operated cash-to-cryptocurrency ATMs across the United States.
• According to the filing, victims and criminals sent the funds to Isa, his company, or a co-conspirator. While Bitcoin ATMs are supposed to institute know-your-customer (KYC) policies to curb money laundering through the machines, prosecutors said Isa converted the illicit funds the Crypto Dispensers ATMs received into cryptocurrency before transferring it to other wallets.
• “The indictment alleges that Isa knew the money was derived from fraud,” the DOJ wrote.
• The DOJ did not say in the indictment which cryptocurrencies or wallet providers were allegedly used by Isa in the scheme. Isa did not immediately respond to a request for comment by Decrypt.
• Isa and Virtual Assets LLC were each charged with one count of money-laundering conspiracy, a charge that carries a maximum sentence of 20 years in federal prison. Both entered not-guilty pleas. A status hearing was set for January 30, 2026, before U.S. District Judge Elaine Bucklo.
• The charge arrived at a time when federal prosecutors are adjusting how they police the crypto market. In April, the Justice Department said it would dissolve its National Cryptocurrency Enforcement Team and stop bringing criminal cases against exchanges, mixing services, or cold-wallet holders for the actions of their users.
• Last week, the DOJ, FBI, and U.S. Secret Service announced a new Scam Center Strike Force aimed at combating crypto scams that originated in China.
• Prosecutors noted that the indictment against Isa and Virtual Assets is an allegation, and they are presumed innocent unless the government proves guilt beyond a reasonable doubt.

If Isa or Virtual Assets LLC were convicted, they would be required to forfeit any property involved in the alleged money-laundering offense, including a personal money judgment, and the government could seek substitute assets if the original property could not be recovered.

#Bitcoin #BitcoinATM #Jucom #cryptocurrency #blockchain $BTC/USDT $ETH/USDT $JU/USDT

The U.S. Office of the Comptroller of the Currency (OCC) has released new policy guidance that allows banks to hold cryptocurrencies to pay for “gas fees,” which are transaction fees used on blockchain networks.

• The regulation titled “Interpretive Letter No. 1186” stated that national banks may hold digital assets on their balance sheets that may be reasonably needed for their operations.
• Transactions on blockchain networks are subject to fees paid in the network's specific token. According to the OCC, this requires banks to hold these assets to conduct transactions on the network.
• The guidance specifically states that banks will be required to pay network fees on behalf of customers or for custodial services, particularly for activities expressly permitted under the GENIUS Act.
• The OCC stated that banks are “legally required to pay network fees to facilitate permitted cryptoasset activities and to hold on their balance sheets the crypto assets they reasonably need to cover those fees.”

The OCC has been reserved for digital assets for years, but President Donald Trump's pro-crypto administration has shifted its stance.

#TheOCC #USAgency #Jucom #cryptocurrency #blockchain $BTC/USDT $ETH/USDT $JU/USDT

• South Australia Police has filed 800 charges and made 55 arrests in connection with a massive cryptocurrency-linked crime ring. The latest move is the third phase of Operation Ironside, a joint Australian Federal Police and FBI investigation.
• According to ABC News, authorities have seized crypto assets worth around AU$58 million ($37.9 million) tied to the probe.
• The FBI had built an app dubbed AN0M to interpret criminal communications secretly. Using the encrypted messaging app, the authorities tracked down illicit communications related to drug smuggling and crypto transactions.
• The new phase was launched after the High Court approved the use of AN0M messages as evidence.
• Deputy Police Commissioner Linda Williams said that the move is a “significant blow to organized crime across South Australia.”
• She called the arrests “unprecedented,” adding that 300 police officers were involved in several raids.
• “I think you can anticipate more arrests, but probably not at the [tempo] that you have seen today,” she added.

FBI Used AN0M to Track Crypto-Related Crimes

• The Federal Bureau of Investigation (FBI) installed AN0M on modified phones that lack cameras, GPS, or browsers, designed to appeal to criminals seeking secure communication for illicit activities. The application was allegedly hidden in each phone’s calculator.
• The FBI worked with the Australian Federal Police, who “developed a world-first capability to unscramble encrypted communications.” Together, they secretly captured all data sent between devices using the platform, the ABC report read.
• The AN0M app included features like self-expiring messages, the ability to take and send photos, voice alteration and file storage.
• Soon, hundreds of criminals were arrested as part of Operation Ironside in Australia. Per the Australian Federal Police, almost 1,000 suspects had been arrested around the world, with weapons and money laundering involving crypto.
• “This is a really strong deterrent message to organised criminals operating in South Australia,” said Deputy Commissioner Williams. “We have been able to leverage the intelligence from the encrypted AN0M app to bring this to a successful resolution.”

Crypto Crime Investigations Places ‘Burgen’ on Enforcement Agencies: Europol

• Recently, Europol warned that the misuse of crypto for criminal use is “becoming increasingly sophisticated.” In a report released last week, the law enforcement agency noted that the growing sophistication of criminal tactics poses risks to the crypto sector and scam victims at large.
• “The misuse of crypto and blockchain technology for criminal purposes is becoming increasingly sophisticated, complex and organized,” said Burkhard Mühl, Head of Europol’s European Financial and Economic Crime Centre.

As a result, investigating these crypto-linked crimes has become a “burden” for agencies worldwide, he added.

#FBI #Jucom #cryptocurrency #blockchain #Finance

Bucket provides collateralized debt positions (CDPs) and fixed-cost borrowing on Sui. Users can mint the BUCK stablecoin by collateralizing assets such as SUI, LSTs, and ETH. The protocol stabilizes the peg via PSM, redemption, and the Tank mechanism, and benefits from the rollout of native stablecoins on Sui. This Token Insights piece systematically analyzes its positioning, core mechanisms, the BUT token, and ecosystem roadmap.

Summary: Bucket is a major CDP protocol on Sui: post collateral → borrow BUCK with predictable fees; maintain the peg using PSM/redemptions/Tank; BUT is used for governance/incentives; the ecosystem is growing alongside Sui’s native stablecoin expansion.

🟠 What is Bucket?

Bucket calls itself a “decentralized stablecoin protocol.” Users deposit collateral into the contract to open CDPs and mint BUCK, a USD-pegged stablecoin. The project emphasizes “fixed (or predictable) borrowing costs” to reduce funding uncertainty. Official docs state BUCK is over-collateralized and supports multiple collateral types (SUI, SUI LSTs, ETH, etc.).

🟠 Why on Sui?

In 2024, Sui onboarded native stablecoins (USDC, AUSD, FDUSD, USDY), significantly improving DeFi capital efficiency. Its Move object model plus parallel execution allow collateralization and liquidations to be processed concurrently with low latency—well-suited to Bucket’s high-frequency settlement needs.

🔻 Architecture and Mechanisms: BUCK’s “Three-Pronged” Peg

🟠 PSM: 1:1 Channels with USDC/USDT

The PSM maintains its own vault with a minimum collateral ratio of 100%, enabling direct 1:1 swaps between BUCK and USDC/USDT (PSM in fee 0%, PSM out 0.3%), which quickly pulls price back to $1 during deviations.

🟠 Redemptions: Face-Value Swap for Collateral, Prioritizing Low-CR Vaults

BUCK holders can redeem at face value for any whitelisted collateral. The system reduces debt from vaults in ascending order of collateralization ratio, protecting overall solvency (exceptions include TCR < 110% or redemptions disabled within 14 days of deployment, both codified in rules).

🟠 Tank and Liquidations: Settling Debt with BUCK to Receive Collateral

When a vault is liquidated, the Tank repays debt by burning BUCK and receives collateral in return, allowing participants to acquire collateral at a discount. This sustains system solvency and reinforces the peg. Sui’s ecosystem directory lists PSM/CDP/Tank/Redeem as a coordinated “stability combo,” enabling developers to integrate them modularly.

🟠 Technical Notes: Why Bucket Fits Sui

Sui’s object model and parallel execution let independent transactions confirm simultaneously, reducing congestion risk during redemptions and liquidations. Bucket’s modules align with Move’s object-centric design (collateral, vaults, PSM vaults are all objects), recording “who holds what and when” more directly.

🟠 Fixed Cost and Product Form

The website and socials repeatedly stress “fixed rate/predictable cost,” designing leverage and compounding paths for users “long SUI and BTC/ETH,” reducing interest-rate volatility in position management. With native Sui stablecoins live, BUCK–USDC/FDUSD/USDY trading/settlement routes are smoother, offering a practical “USD base” for collateralized borrowing and cross-protocol liquidity.

🟠 Token and Economic Model: BUCK vs. BUT

• BUCK: Bucket’s USD-pegged stablecoin.
• BUT: The protocol token used for governance, incentives, and ecosystem distribution (with a deBUT locking model). The terminology page clearly distinguishes their roles and data scopes.

🟠 BUT Supply and Circulation

The official BUT overview and dashboards show: total supply 1 billion; circulating ~395 million (time-varying), plus cumulative slashing and staking/unlock metrics. Some third-party trackers list a public sale window and size in 2025-01. Official sources and reputable aggregators prevail.

🟠 deBUT: Updated Locking and Incentive Model

In an Aug 2025 Medium post, the team updated deBUT to bind long-term participants via a clearer lock–weight–incentive relationship, aiming to “make the system friendlier to long-term supporters.”

🟠 Ecosystem Position and Data Corroboration

Stablecoin Indicators

Aggregator dashboards show BUCK market cap around $69.66 million, along with issuance/redemption flows, reflecting Bucket’s share in Sui’s stablecoin track. Price-tracker pages also show BUCK trading tightly around $1 over the past 24 hours.

🟠 Official Milestones

The team’s retrospectives note that after launch, Bucket entered Sui’s top-10 protocols with TVL climbing to about $38 million (historical reading; current TVL should follow real-time dashboards/official disclosures).

🟠 Multi-Collateral and Front-End Tools

Ecosystem directories and wallet/aggregator pages indicate Bucket supports SUI, LSTs, ETH, BTC, and other collateral types, and offers a Swap SDK so front ends can serve as stable exchange gateways.

Some public dashboards have yet to standardize protocol-level TVL for Bucket, but BUCK market cap, trading pairs, and mechanism modules cross-validate its activity and importance in Sui DeFi.

🟠 Recent Progress and Timeline

Mechanism hardening: completed PSM/redemption/Tank docs and parameters; clarified fees and thresholds.

Asset expansion/activities: socials announced acceptance of certain LP tokens as collateral and ecosystem campaigns, improving composability and reach.

BUT data pages: launched BUT overview and staking stats, revealing total supply, circulation, and deBUT metrics.

🟠 Future Plans

1. Stablecoin depth: continue “strong peg” via PSM × redemptions; broaden BUCK–USDC/FDUSD/USDY accessibility across primary and secondary markets.

2. Collateral spectrum: expand LST/LP/blue-chip collateral under a risk framework, with finer-grained liquidation parameters.

3. Token and governance: lengthen the “lock–weight–revenue share” design around BUT/deBUT to increase market-making and risk participation. The above projections align with official direction.

🟠 FAQ

🟧 How are borrowing costs made predictable? By exposing fixed/predictable rates and clear parameters, users can estimate carry at vault creation, reducing uncertainty from “usage-driven rate spikes.”

🟧 Why does BUCK trade close to $1? Through the 1:1 PSM channel, face-value redemptions, and Tank-backed liquidations, creating arbitrage and mean-reversion forces when price deviates.

🟧 What’s BUCK’s relationship with Sui’s native stablecoins? In 2024, Sui onboarded USDC, AUSD, FDUSD, and USDY, giving Bucket smoother pegs, market-making, and settlement environments.

🟧 What’s the difference between BUT and BUCK? BUCK is the stablecoin users mint and use; BUT is the protocol token for governance and incentives (including the deBUT locking model).

🟧 Is there an authoritative TVL figure now? Historically, Bucket entered Sui’s top-10 with TVL ≈ $38m; real-time scale should follow official and reputable dashboards, while BUCK market cap and depth serve as indirect evidence.

🟠 Key Takeaways

Bucket: a Sui-based CDP protocol supporting multi-asset collateral and fixed-cost BUCK borrowing.

Peg toolkit: PSM (1:1 USDC/USDT) + redemptions + Tank jointly maintain $1.

BUT/deBUT: 1B total supply, circulating and staking data displayed; governance/incentives are iterating.

Ecosystem fit: Sui’s native stables, parallel execution, and object model reduce congestion and liquidation friction.

Data corroboration: BUCK market cap ~ $69.66m and multi-collateral whitelist highlight Bucket’s importance in Sui’s stablecoin track.

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• Decentralized exchange (DEX) trading volume surged to an all-time high of $613.3 billion in October from nearly $500 billion in September, marking a sharp increase as traders repositioned their holdings.
• According to DefiLlama data, Uniswap recorded the largest monthly volume among DEXs with $170.9 billion in October, up from $106.5 billion in September. PancakeSwap ranked second with $101.9 billion, compared to $79.8 billion the previous month.
• "Traders are flocking on‑chain not just for self‑custody and transparency, but for liquidity mining, and airdrops driving max engagement," said Vincent Liu, CIO of Kronos Research.
• Meanwhile, centralized exchange volume also reached a high in October, hitting $2.17 trillion — the highest since January 2025. The Block's data dashboard shows that the October volume rose about 28% from September's $1.69 trillion.
• Binance remained the largest exchange with a monthly volume of $810.4 billion last month, compared with $636.5 billion in September. Gate recorded the second-largest monthly volume at $175.6 billion, followed by Bybit with $156.9 billion and Bitget with $134.7 billion.
• The DEX-to-CEX volume ratio climbed to 19.84% in October, up from 18.83% the previous month, indicating a growing interest in decentralized platforms, according to The Block's data.
• "One key reason for the jump in DEX and CEX volumes was the sharp market drop on Oct. 10, which created strong volatility and led to heavy trading as investors repositioned," said Min Jung, research associate of Presto Research. "Trading could stay active if new volatility drivers — like U.S.-China trade headlines or macro data — emerge in the coming weeks."
• On Oct. 10, bitcoin fell from about $121,500 to $110,000, and then further dropped to a low of around $104,600 on Oct. 17. The world's largest cryptocurrency has since partially recovered to $107,980 as of late Sunday night, according to The Block's price page.

Kronos Research's Liu told The Block that the surge in the October exchange volume was mainly driven by traders pursuing fresh narratives such as BNB Chain memecoins, privacy coins, and ETF-driven flows. "With momentum back, November's activity could stay hot as capital hunts for the next wave," said Liu.

#DEX #DecentralizedExchange #ETFs #Jucom #cryptocurrency

Hong Kong is preparing to relax its crypto trading framework to help local platforms tap into global liquidity, the city’s top financial regulator announced Monday at Hong Kong Fintech Week.

Key Takeaways:

• Hong Kong will allow licensed crypto exchanges to connect with global order books, ending its current isolated trading model.
• The move is part of a broader plan to attract crypto firms and align digital asset rules with traditional financial markets.
• Regulators are also preparing new licenses for dealers, custodians, and stablecoin issuers to strengthen the city’s digital finance ecosystem.

Julia Leung, Chief Executive Officer of the Securities and Futures Commission (SFC), said licensed crypto exchanges will soon be allowed to connect their Hong Kong entities with global order books, ending the current system that confines trades within the city.

The change, detailed in a regulatory circular expected later today, aligns the rules for digital assets with those governing traditional financial products, according to a Monday report by Bloomberg.

Hong Kong Steps Up Crypto Push but Trails US in Trading Activity

• The move marks a significant step in Hong Kong’s ongoing bid to position itself as a regional digital asset hub.
• Since 2022, the city has rolled out a comprehensive licensing regime for exchanges, introduced Bitcoin and Ether-linked exchange-traded products, and approved digital-asset funds.
• Still, trading activity has lagged behind global leaders like the United States, where President Donald Trump’s administration has taken a friendlier stance toward the crypto industry.
• “You can say we are on the tougher side,” Leung said. “Once we are sure that we are able to protect investors, we do relax — as we did with global liquidity.”
• The SFC is also finalizing new frameworks for licensing crypto dealers and custodians, while the Hong Kong Monetary Authority plans to issue the first stablecoin licenses next year.
• In future phases, regulators may permit locally licensed crypto brokers, not just exchanges, to access international liquidity pools.
• If approved, the rule could open doors for firms like Binance and Coinbase to enter Hong Kong more easily through brokerage licenses instead of full exchange applications, which can take years to process.
• Currently, 11 crypto exchanges hold full SFC licenses, while 49 brokers operate under omnibus account arrangements.
• The SFC also announced it will ease listing rules for new tokens and HKMA-approved stablecoins, removing the 12-month track record requirement for professional investors.

Hong Kong Announces New Digital Asset Policy

• Hong Kong has unveiled its second major policy statement on digital assets, placing stablecoin regulation and real-world asset (RWA) tokenization at the core of its strategy to become a global fintech hub.
• The new “LEAP” framework focuses on legal clarity, ecosystem growth, real-world adoption, and talent development, with a stablecoin licensing regime set to launch on August 1.
• The government also plans to regulate tokenized government bonds and ETFs, paving the way for secondary market trading of these products on licensed digital asset platforms.
• It aims to expand tokenization efforts into sectors like metals and renewable energy, highlighting use cases such as gold and solar panels.

As reported, professionals working in the crypto and hedge fund sectors are playing a key role in supporting Hong Kong’s residential rental market, which continues to struggle due to weak traditional demand sources.

#HongKong #CryptoExchange #DigitalAsset #Jucom #cryptocurrency

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C’est la vision que notre CEO a partagée à #Token2049SG : Chez Ju.com, nous transformons la complexité en accessibilité, rendant l’on-chain ouvert à tous.

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DappRadar, a leading Web3 analytics platform, has officially announced it is shutting down. The company cited “financial unsustainability” as the primary reason for ending its seven-year operation. The announcement immediately triggered a sell-off in its native RADAR token. “After seven years, it’s time to say goodbye,” DappRadar noted on X.

Why Is DappRadar Closing After Seven Years?

• The platform, a staple of the DeFi sector since 2018, will stop providing real-time analytics in the coming days. The team confirmed they will begin winding down the platform immediately. This process includes stopping the tracking of blockchains and decentralized applications (dApps).
• “In the coming days, we’ll start winding down the platform and as part of this process, we’ll stop tracking blockchains and Dapps and begin shutting down associated services,” the announcement said.
• Meanwhile, DappRadar announced that its community will make the final decisions about the DAO platform and RADAR token. According to on-chain data analysis from Binance-backed CoinMarketCap (CMC), over 77% of the RADAR tokens have been unlocked for the 15k holders, with around 13.7% still locked for future distribution.
• Worth noting that the DappRadar treasury holds 27% of the total supply of RADAR, while the team and shareholders were allocated a similar amount.

RADAR Token Crashes 34% on Liquidity Exit

• Following the announcement, the RADAR price crashed suddenly. In the past 24 hours, the small-cap altcoin, with a fully diluted valuation of about $6.7 million at press time, dropped over 34% to reach a 24-hour range low of around $0.000618.
• Crypto traders rushed to cash out any remaining capital at the RADAR token as observed by the 44% surge in its 24-hour volume to $166k amid its choppy market.

Industry Leaders React: Is a Rescue Deal Possible?

• The sudden closure of the DappRadar platform has attracted significant attention from the Crypto community. For instance, Justin Sun, founder of the Tron network, bid farewell to the DappRadar platform as he noted that its demise is almost certain around the corner.
• Rush Lu, the CEO of CoinMarketCap, offered a helping hand for DappRadar’s predicaments. Lu offered the DappRadar platform an opportunity to keep them around, without specifying any details.
• The shutdown of the DappRadar platform has coincided with extreme fear of further crypto capitulation. The recent Bitcoin (BTC) price drop below $90k for the first time in 7 months has increased traders’ fear of a further crash to extreme levels.

A potential acquisition of DappRadar by CMC will add it to the list of crypto projects backed by Binance and Changpeng Zhao (CZ).

#CoinMarketCap#DappRad#Jucom #cryptocurrency $BTC/USDT $ETH/USDT $JU/USDT