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7 Siblings, a dip-buying long-position investor in Ethereum, bought an additional 9,766 ETH worth $18.87 million at an average price of $1,933 about six hours ago, EmberCN reported. Across the current downturn, 7 Siblings has accumulated a total of 20,558 ETH worth $40.88 million, with an average purchase price of $1,988.

Meme coin issuance platform Pump.fun transferred 64,666 SOL worth $5.19 million to Kraken about four hours ago, according to EmberCN. EmberCN said the platform has sold an estimated 5.692 million SOL in fee revenue, worth $898 million, from early 2024 to now, with an average sale price of about $157.8. Exchange deposits are typically interpreted as being intended for sale.

Tokenization platform Securitize (SECZ) has submitted a comment letter to the U.S. SEC supporting a framework that would allow automated market maker, or AMM, trading in tokenized securities. Securitize CEO Carlos Domingo said on X he supports granting qualified tokenized securities trading platforms a five-year conditional regulatory exemption so some tokenized U.S. stocks could trade in restricted-access AMMs and liquidity pools. Domingo also proposed ensuring tokenized shares carry the same dividend, voting, and economic rights as conventional shares, while embedding compliance requirements into the tokens themselves so relevant regulations would continue to apply after transfers.

Bitcoin’s drop toward $68,000 triggered a cascade of leveraged long liquidations, wiping out billions of dollars in speculative positions, according to on-chain analytics firm Santiment. Santiment said the leverage washout could ease future selling pressure and help support bullish sentiment if BTC quickly recovers to $70,000-$72,000 this weekend. The firm added that if prices stabilize while open interest remains low, the chances of a rebound driven by new spot demand would increase.

CoinMarketCap’s Altcoin Season Index came in at 48, up one point from yesterday. The index compares the price performance of Bitcoin with that of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens. A reading is considered altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. The closer the index is to 100, the more it indicates altcoin season.

The spot CVD chart is an order-book analysis of the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance levels. - The cumulative volume delta indicator shows buy and sell orders by order size. As buy orders increase, the line for the relevant color rises. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

CoinMarketCap’s in-house Crypto Fear and Greed Index fell four points from yesterday to 18, marking a shift in market sentiment from fear to extreme fear for the first time since July 1, when the index also stood at 18. The index indicates more extreme fear as it moves closer to zero and more extreme optimism as it approaches 100. It is calculated based on volatility at 25%, trading volume at 25%, social media mentions at 15%, surveys at 15%, Bitcoin market cap dominance at 10% and Google search trends at 10%.

Paraguay’s state power company ANDE plans to terminate special electricity supply contracts for cryptocurrency miners and other large power users on Dec. 31, 2027, and will not allow extensions under current rules, Crypto Briefing reported. The outlet said the combined contracted power load for cryptocurrency miners and other large-scale electricity consumers currently stands at 943.8 MW. By contrast, AI data centers are being offered 15-year contracts with electricity rates of about $49 per MWh. Crypto Briefing said the move is expected to have a significant impact on operations at HIVE Digital Technologies, which has placed about 77% to 80% of its total active mining capacity in Paraguay.

As the crypto market matures, investing in individual assets and sectors beyond BTC is becoming more important, according to a Grayscale report. Grayscale said differences in returns across crypto sectors over the past three years were difficult to explain through BTC price moves alone, with Bitcoin’s influence accounting for only about half. Over the past two years, six different assets ranked first in quarterly returns among the top 10 cryptocurrencies by market capitalization excluding stablecoins, while BTC did not take the top spot in any quarter. Grayscale added that weakening correlations across sectors are widening return gaps based on each project’s business model, adoption level, and tokenomics structure.

Bitcoin infrastructure developer Blockstream has launched a cryptocurrency custody solution for institutional clients with French technology company Thales, Cointelegraph reported. The solution combines Thales’ hardware security modules, or HSMs, with Blockstream’s Secure-MPC technology and is designed to process transaction signing inside dedicated secure hardware. Blockstream co-founder Adam Back said conventional MPC technology has a complex structure and requires extensive communication between devices, making it difficult to apply to fully offline storage. Back added that strengthening security through cold storage is important, particularly as artificial intelligence can be misused to identify subtle software vulnerabilities.

Peter Schiff, CEO of Euro Pacific Capital and a prominent Bitcoin critic, said on X that BTC’s price decline reflects a collapsing bubble and that investors should buy gold instead of BTC. Schiff added that BTC has fallen 22% over the past seven weeks and shows no sign of ending its downtrend. The market is slipping gradually without a clear fear-driven sell-off or large-scale capitulation, he said. Schiff also estimated the average entry price for investors in U.S. spot BTC ETFs at around $77,000, implying an 11% loss at the current price of $68,500. If investors begin accepting losses and exiting the market, that could create additional selling pressure, he added.

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,988 on the Binance USDT market.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.40% - Nasdaq: -0.91% - Dow Jones: +0.10%

Miller Value Partners CIO and hedge fund veteran Bill Miller said he remains bullish on Bitcoin even after it rose from $63,000 to $87,000 over several months and later fell to $68,000. In an interview with Bitcoin Magazine, Miller said such volatility is the price investors must pay to hold high-quality assets. He added that Bitcoin is scarcer than gold because its supply increases by about 0.8% a year, and said persistent money printing is the only solution in the current macroeconomic environment.

Layer-one blockchain Solana said it has launched a beta version of Solana Confidential Compute, an open-source tool for private AI development, on its developer network, or devnet. The tool verifies hardware attestations on-chain and was developed with TryNitoAI.

Meta is testing a prediction market app in development, currently called Takes, for employees, The Wall Street Journal reported, citing industry sources. The app lets employees bet on the outcomes of questions or events using cred, short for credibility, rather than real money, unlike Kalshi and Polymarket.

The U.S. Department of Justice has filed a civil forfeiture complaint to recover about $65,000 in USDC tied to a cryptocurrency investment scam, The Block reported. The case involves a scammer posing as a financial adviser who persuaded a victim to move retirement funds to Coinbase, then used remote access to the victim’s laptop to transfer the money to the scammer’s crypto wallet in about 60 transactions. The victim is believed to have lost about $200,000. Circle froze the traced USDC, and the U.S. government is pursuing procedures to return the assets.

Polymarket has begun sandbox testing of Nex, a new trading system rewritten in Rust. Josh Stevens, vice president of engineering for Polymarket’s DeFi business, said Nex spent the past week in shadow mode replicating live orders to test latency, load stability and execution accuracy. The development team plans to conduct four more weeks of testing and, if no issues emerge, formally launch the system in mid-December.

Maple Finance’s SYRUP, a decentralized lending protocol, said it asked The Network Firm to conduct an unscheduled proof-of-reserves review and that all three products remained overcollateralized as of 5:11 p.m. UTC on Nov. 13. Collateral ratios stood at 156.2% for syrupUSDC, 137.7% for syrupUSDT, and 150.8% for syrupUSDG, while total verified collateral amounted to $1.89 billion, according to the protocol. It added withdrawal requests were being processed as designed under each pool’s standard withdrawal procedures.

Pump.fun said it has changed the fee-setting range for Holder Rewards tokens to 0.3%-1%. Previously, holder rewards fees for trading pairs other than SOL and USDC could be set within a 0.01%-3% range. Pump.fun said the previous structure had triggered unnecessary participant competition, or PVP, in new tokens.

The U.S. Senate Banking Committee is scheduled to hold a confirmation hearing on Nov. 19 for two nominees to the U.S. SEC, The Block reported. The nominees under review are Democrat Kristin Johnson and Republican Steven Levine. The hearing comes after U.S. President Donald Trump nominated four people in total, with two each for the SEC and the U.S. CFTC. After the hearing, the nominations will go to a full Senate vote, and both nominees must be confirmed by the chamber before they can be appointed as SEC commissioners.

Compound managing partner Michael Dempsey said the crypto venture capital market has effectively been stagnant over the past two years, according to Wu Blockchain. In an interview, Dempsey said founders in the tech sector flocked to the crypto industry in 2021, but most talent is now moving into artificial intelligence, or AI. He added the crypto industry needs more talent and improved token incentive structures, while noting tokenization could weaken long-term investment incentives. Dempsey also said not many founders in venture capital are pursuing new business ideas beyond perpetual futures DEXs.

Former U.S. House Financial Services Committee Chairman Patrick McHenry warned Democrats could launch sweeping investigations targeting corporate CEOs and institutions beyond the crypto industry if the party regains power in Congress, according to Crypto in America podcast host Eleanor Terrett.

U.S. real estate investor Grant Cardone has bought an additional 850 BTC worth about $58 million, former Bitcoin Magazine editor Pete Rizzo said on X. Rizzo added, "그랜트 카돈이 가격이 하락할 때마다 계속해 비트코인을 매수하고 있다".

Decentralized exchange Cow Protocol said it has cut volume-based fees on correlated token pairs, real-world assets and stock tokens to 0 bp from 0.3 bp following the passage of CIP-90. The latest information on CoW DAO’s overall fee policy is available in its official documentation.