News & Research

Ki Young Ju, CEO of CryptoQuant, has assessed that now is a good time to purchase spot BTC from a long-term perspective. He explained that, from a cyclical viewpoint, the BTC bull market had already ended at the beginning of this year. According to traditional cycle theory, BTC should form a bottom after hitting its realized price of $56,000. However, Ju expressed doubt that it would actually fall to that level, as large players like Strategy are unlikely to sell. He added that market sentiment could improve at any time because governments may inject liquidity into the market for political reasons until the middle of next year. Ju concluded that selling or taking short positions would not be prudent at this time.

GAIB, a crypto AI startup focused on GPU tokenization, has announced the immediate launch of a buyback program in response to an early sell-off by external organizations on its Token Generation Event day. GAIB CEO Kony addressed rumors surrounding five wallets that sold approximately one million tokens, clarifying that they did not belong to insiders such as team members, contributors, or advisors. He stated that the company's partners and marketing agencies had violated their contracts by selling their allocated tokens ahead of schedule. According to Kony, GAIB demanded the return of all tokens, on-chain proof, and damages from the responsible parties but did not receive a positive response. The buyback program was initiated to absorb this supply. Kony assured that the community would not suffer any losses and added that more specific information, including a full proof of funds and a transparency page, will be released on Nov. 21.

Web3 education protocol OpenCampus (EDU) and NFT and blockchain game developer Animoca Brands are collaborating with Nasdaq-listed company ANPA to establish a $50 million strategy for the EDU token, BWE News reported.

Six major Japanese asset management firms have expressed interest in launching cryptocurrency funds, DL News reported. This development comes as Japan's Financial Services Agency considers a proposal to allow the establishment of crypto investment trusts. The firms reportedly showing interest include Mitsubishi UFJ Asset Management, Nomura Asset Management, SBI Global Asset Management, Daiwa Asset Management, Asset Management One, and Amundi Japan.

Nasdaq-listed Bitcoin miner Cipher Mining announced it will issue an additional $333 million in senior secured notes. The proceeds will be used to fund further construction of its Barber Lake mining facility near Colorado City, Texas.

Prominent U.S. hedge fund manager Ray Dalio told CNBC that he allocates about 1% of his portfolio to Bitcoin. He noted that Bitcoin's primary issue is its inability to become a reserve currency for major nations, explaining that this is because the cryptocurrency is traceable and potentially vulnerable to control or hacking by quantum computing.

India plans to launch a rupee-linked digital asset called ARC early next year, SolidIntel reported. The asset will be developed by Polygon and fintech startup Anq and is being designed to comply with regulations from the Reserve Bank of India (RBI). Its issuance and swap functions will be operated on a limited basis.

An address believed to belong to Sharplink Gaming, a Nasdaq-listed strategic investor in ETH, deposited 5,533 ETH ($16.52 million) to a Galaxy Digital over-the-counter (OTC) address approximately three hours ago, EmberCN reported. Over the past two days, the same address has sent a total of 10,975 ETH ($33.54 million) to Galaxy Digital.

21Shares is set to launch a spot SOL exchange-traded fund (ETF) today, according to Bloomberg ETF analyst Eric Balchunas. The fund will debut with $100 million in initial assets under management.

The end of the U.S. government shutdown is expected to lead to a wave of cryptocurrency ETF launches, according to Matt Hougan, CIO of Bitwise. In an interview with CNBC, he stated that the resumption of government operations will spur legislation in the crypto sector, triggering the release of related investment products like ETFs. Hougan said he personally expects the launch of over 100 such products, with particularly strong growth anticipated for index-based crypto ETPs.