News & Research

An address presumed to belong to Bitmine purchased an additional 21,045 ETH, valued at $64.3 million, from Kraken six hours ago, Onchain Lens reported.

Federal prosecutors in Chicago have indicted Firas Isa, the founder of Bitcoin ATM company Virtual Assets LLC, on charges of laundering at least $10 million in illicit funds. According to Decrypt, Isa has pleaded not guilty. A hearing is scheduled for Jan. 30, 2026.

SG-Forge, the cryptocurrency subsidiary of Societe Generale, has completed the issuance of its first digital U.S. bond using blockchain technology, CoinDesk reported. The bond utilizes tokenization technology from Broadridge Financial Solutions and is based on the Canton Network, a privacy-focused blockchain infrastructure. The short-term bond, which is linked to the Secured Overnight Financing Rate (SOFR), was purchased by trading firm DRW.

Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, has suggested that the Bitcoin sell-off may be over, CoinDesk reports. He noted that the recent selling pressure is merely a pattern that has repeated over the past few years and that a year-end rally remains the base case scenario.

Germany's Deutsche Börse Group and SG-Forge, the crypto subsidiary of French financial giant Societe Generale, have announced a collaboration to integrate euro and dollar-based stablecoins into Europe's financial market settlement and collateral infrastructure, CoinDesk reported. The two parties have agreed to link SG-Forge's stablecoin, CoinVertible, with Deutsche Börse's post-trade systems. This will allow banks and institutional investors to use tokenized cash for trade settlements and collateral exchanges, rather than relying on traditional Central Securities Depository (CSD) accounts.

The Bugscoin (BGSC) team has claimed that a recent Bitcoin price drop validated a prediction made by its founder, Inbum. On Nov. 14, Inbum forecasted on his X account that Bitcoin would retest support near the $84,000 level. He also stated that for the market trend to shift, daily and weekly candles would need to close above $110,000, and that Ethereum (ETH) could test the $2,400 mark. According to CoinMarketCap, BTC temporarily fell below $90,000 on the morning of Nov. 18 and is currently trading at $90,192.05, down approximately 5.1%.

An address associated with the Libra (LIBRA) team has purchased 128,000 SOL, valued at $17 million, according to Lookonchain. The address also withdrew $3.94 million in USDC from a liquidity pool.

Bitcoin's 14-day Relative Strength Index (RSI) has dropped below 30, indicating the asset has entered an oversold phase, CoinDesk reported. According to the outlet, this steep decline suggests the market could move sideways or rebound in the near term. However, CoinDesk noted that downward pressure is likely to persist for some time rather than an immediate reversal. The outlet pointed to a historical precedent from late February, when the RSI also fell below 30, after which BTC formed a bottom at $75,000 two months later. It remains to be seen if a similar pattern will repeat, CoinDesk added.

21Shares has filed for an exchange-traded fund (ETF) based on the Canton Network, a privacy-focused Layer 1 blockchain, Bloomberg ETF analyst James Seyffart reported on X.

Ethereum founder Vitalik Buterin personally demonstrated a new privacy protection solution called Kohaku at the Devcon developer conference, The Block reported. Kohaku is an open-source project aimed at enhancing privacy and security within the Ethereum ecosystem. Based on a modular structure, it enables developers to build privacy wallets without a central administrator. The project also plans to expand into mixnets or zero-knowledge (ZK) based browsers in the future.