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Bitcoin ETF outflows
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Bitcoin ETF Outflows Top $558M in One Day

by Ouess
written by Ouess

After briefly breaking a six-day losing streak, Bitcoin ETF outflows roared back on November 7, erasing the prior day’s gains and marking one of the sharpest single-day redemptions in ETF history.

Spot Bitcoin ETFs saw a massive $558.4 million in outflows, while Ethereum ETFs lost another $46.6 million, highlighting renewed profit-taking and cautious institutional sentiment across crypto markets.

Bitcoin ETF Outflows Surge to $558 Million

Following modest inflows on November 6, spot Bitcoin ETFs experienced a sudden reversal.

  • Fidelity (FBTC): $256.7 M outflow
  • ARK Invest: $144.2 M outflow
  • BlackRock: $131.4 M outflow

Bitcoin ETF outflows
Bitcoin ETF Flows Source : Farside Investors

Together, these three issuers accounted for nearly the entire $558.4 M daily loss, bringing the week’s total Bitcoin ETF outflows to $1.22 billion — one of the worst on record.

Despite the heavy redemptions, Bitcoin’s price spiked from $100K to $104K before cooling near $102K. The asset dipped below $100K several times this week but has now logged six straight months closing above $100K.

Bitcoin ETF outflows
BTC Price Source : TradingView

Meanwhile, Bitcoin Open Interest (OI) remains stable around $68.82 B, unchanged since the October 10 pullback — a sign that derivatives traders are staying in their positions despite ETF outflows.

Bitcoin ETF outflows
Bitcoin OI Source : Coinglass

Ethereum ETFs Join the Sell-Off

Ethereum ETFs also flipped red after a brief respite. On November 7, total outflows reached $46.6 M, led by Fidelity’s $72.2 M withdrawal.
In contrast, BlackRock logged a $34.4 M inflow, marking its second consecutive day of positive activity.

Bitcoin ETF outflows
Ether ETF Flows Source : Farside Investors

For the week, Ethereum ETF outflows totaled $507.83 M, the third-largest weekly drawdown in the product’s history.

Bitcoin ETF outflows
ETH Price Source : TradingView

Even with the selling, ETH rose from $3,194 to $3,487 intraday before settling around $3,450.
Open Interest for Ethereum futures improved to $39.75 B, reflecting renewed speculative appetite — especially after an insider whale reportedly opened a $137 M long position on ETH with 5× leverage.

Market Takeaways

  1. Institutional rotation continues: Big issuers are reshuffling exposure, signaling caution but not capitulation.
  2. Derivatives traders still engaged: Stable OI shows leverage hasn’t unwound, supporting short-term volatility.
  3. Price resilience matters: Both BTC and ETH absorbed ETF selling without breaking major support.
  4. Mixed sentiment ahead: Outflows signal profit-taking, while on-chain activity and leveraged longs hint that the bull trend may not be over.

Conclusion

The $558 million Bitcoin ETF outflow on November 7 caps one of the toughest weeks since spot ETFs launched, with more than $1.22 billion leaving BTC funds and $507 million from ETH funds.
Yet both assets remain above key psychological levels, derivatives markets are steady, and large traders are still taking bold positions.
In short — flows are flashing caution, but conviction hasn’t vanished.

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American Bitcoin Corp
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American Bitcoin Corp. Amasses 4,004 BTC Treasury

by Ouess
written by Ouess

Another public company is loading the Bitcoin boat! The American Bitcoin Corp has officially revealed a strategic treasury holding of 4,004 BTC, cementing its position among the growing list of corporate giants embracing Bitcoin as a reserve asset.

American Bitcoin Corp. Joins Corporate Elite with 4,004 BTC Treasury

The Nasdaq-listed firm added 139 BTC in just 12 days through a powerful dual strategy of scaled mining operations and disciplined market purchases. This aggressive accumulation showcases a deep conviction in Bitcoin’s long-term value proposition, even amidst recent market volatility.

The Dual-Pronged Strategy: Mining and Buying

So, how is the American Bitcoin Corp building its stash so efficiently? The company employs a clever two-part strategy. First, it operates scaled mining operations, which generate a steady, cost-effective stream of new Bitcoin. Second, it supplements this organic production with strategic at-market purchases. Co-founder Eric Trump emphasized that this approach allows them to “expand Bitcoin holdings rapidly and cost-effectively.” This method provides a natural hedge, as mining profitability and asset price often move in tandem, creating a virtuous cycle of accumulation.

Transparency Through the Satoshis Per Share (SPS) Metric

Here’s a unique alpha for investors: the American Bitcoin Corp is pioneering transparency with its “Satoshis Per Share” (SPS) metric. This figure, now standing at 432, directly links each share of common stock to a specific amount of the underlying Bitcoin treasury. It’s a brilliant move that allows equity investors to clearly understand their exact exposure to the company’s Bitcoin holdings. This level of clarity is becoming a new standard for crypto-native public companies and provides a compelling reason to own the stock beyond mere speculation.

The Bigger Picture: A Growing Corporate Trend

American Bitcoin Corp
Bitcoin Treasuries

The American Bitcoin Corp is far from alone. Data from bitcoin treasuries shows that 124 institutions Public traded companies now collectively hold a staggering 1.57 million BTC, worth $106 billion. This represents nearly 8% of Bitcoin’s entire supply. This massive corporate absorption is creating a structural supply shock, where a shrinking amount of BTC is available on the open market. As more companies adopt this strategy, the upward pressure on Bitcoin’s price from simple supply and demand dynamics could become immense.

American Bitcoin Corp
Bitcoin Treasuries

My Thoughts

This is a masterclass in modern corporate treasury management. By combining mining with direct purchases, the American Bitcoin Corp is effectively dollar-cost averaging into Bitcoin with a built-in revenue stream. The SPS metric is a game-changer for investor relations. As this trend continues, the available liquid supply of Bitcoin will keep shrinking, setting the stage for explosive price appreciation in the next cycle. Every public company that follows this blueprint makes Bitcoin more scarce for everyone else.

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JPMorgan Bitcoin prediction
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JPMorgan Bitcoin Prediction a Bullish $170K in 2026

by Ouess
written by Ouess

Strap in, because one of the world’s largest banks just laid out a phenomenally bullish case for Bitcoin. Analysts at JPMorgan, led by strategist Nikolaos Panigirtzoglou, have issued a stunning JPMorgan Bitcoin prediction, forecasting a surge to $170,000 within the next 6 to 12 months.

JPMorgan Bitcoin Prediction: Banking Giant Sets $170,000 Target

This optimistic target comes with a critical observation: the brutal selling pressure in the Bitcoin perpetual futures market has finally stabilized. The bank declares the deleveraging phase is “largely behind us,” signaling that the path is now clear for a powerful rebound and a fresh wave of accumulation.

The Math Behind the $170,000 JPMorgan Bitcoin Prediction

So, how did JPMorgan arrive at this massive number? The analysis is based on a sophisticated comparative model that pits Bitcoin against gold. The bank’s model accounts for Bitcoin’s higher volatility, noting it requires about 1.8 times more risk capital than gold. With private gold investment totaling a colossal $6.2 trillion, for Bitcoin’s market cap to achieve parity on a risk-adjusted basis, it would need to grow by about two-thirds from its current $2.1 trillion. This “mechanical exercise,” as they call it, points directly to a price near $170,000. Essentially, JPMorgan is arguing that Bitcoin is significantly undervalued relative to its digital gold narrative.

Institutional Adoption Reaches a Tipping Point

The bullish analysis is backed by concrete action. In a landmark move for traditional finance, JPMorgan also announced plans to allow its institutional clients to use Bitcoin and Ethereum as collateral for loans. This follows a similar shift by other Wall Street titans like BlackRock and Goldman Sachs. This isn’t just theoretical optimism; it’s the practical integration of crypto into the core plumbing of global finance. By accepting crypto as collateral, JPMorgan is providing the infrastructure that will funnel trillions of institutional dollars into the asset class, directly supporting its own JPMorgan Bitcoin prediction.

The Contrarian Signal: Looking Past ETF Outflows

This bullish forecast is particularly powerful because it comes amidst a seemingly negative backdrop. Bitcoin is struggling to hold above $100,000, and spot ETFs are experiencing one of their longest redemption streaks of the year, with over $2 billion in outflows. However, JPMorgan is focusing on a different dataset: the derivatives market. Their team emphasizes that the stabilization in perpetual futures open interest is a more reliable indicator that the selling exhaustion is complete. This creates a classic contrarian setup where weak-handed ETF sellers are providing an exit liquidity for stronger, long-term focused institutions.

JPMorgan Bitcoin prediction
BTC Price Source : TradingView

My Thoughts

When a bank of JPMorgan’s stature makes a prediction this specific and backs it with tangible product offerings, the market must listen. This is a profound validation of Bitcoin’s store-of-value thesis from within the heart of the traditional financial system. The $170,000 target aligns with many cycle models and suggests we are not even at the mid-point of this bull run. The combination of their price target and their collateral move is the most bullish institutional one-two punch we’ve seen this cycle.

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Solana treasury
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Forward Industries Backs $1B Buyback with Solana Treasury

by Ouess
written by Ouess

In a stunning display of corporate conviction, Forward Industries Highest Solana Treasury Holder in the world has just announced a massive $1 billion share repurchase program through 2027. But that’s not the main event.

Forward Industries Doubles Down with $1B Buyback and Massive Solana Treasury

https://twitter.com/FWDind/status/1985723255487881480?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1985723255487881480%7Ctwgr%5Ee0c3411011fe17b3ed41b2ff5e27e54e264c98d0%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.coinspeaker.com%2Fforward-industries-1b-buyback-solana-treasury%2F

The real story is the company’s unprecedented commitment to Solana, as it now officially holds the world’s largest corporate Solana treasury—a staggering 6.8 million SOL tokens. This bold move solidifies its position as a leader in crypto-native corporate strategy, merging traditional finance with aggressive on-chain asset management.

The $1 Billion Buyback: What It Means for Shareholders

So, why does a $1 billion buyback matter? This authorization allows the company to repurchase its own shares from the market through 2027. This strategy is a classic signal of management’s belief that the stock is undervalued. By reducing the number of outstanding shares, it can directly boost earnings per share (EPS) and return value directly to investors. In this case, it’s also a strategic cushion. The announcement came alongside a 30% stock price plunge, suggesting the buyback is partly intended to stabilize the stock and demonstrate confidence during volatility.

Inside the World’s Leading Solana Treasury

Let’s talk about the colossal Solana treasury. Forward Industries pivoted hard into crypto, deploying over $1.5 billion to amass 6.8 million SOL. This isn’t just a static holding; it’s an actively generating asset. The stash is being staked, yielding approximately 7% annually. This means the treasury isn’t just appreciating with SOL’s price; it’s producing substantial yield revenue for the company and its shareholders. This strategic pivot, backed by heavyweights like Galaxy Digital and Multicoin Capital, is a masterclass in modern treasury management.

Solana treasury
Solana Treasury Holdings Source : Coingecko

Market Reaction: Contrarian Opportunity or Red Flag?

The market’s initial reaction was brutally negative, with the stock tanking 30% on the news. This sell-off seems driven by concerns over potential share dilution from recent private placements, overshadowing the bullish buyback announcement. However, for crypto-native investors, this creates a fascinating contrarian setup. The company is using traditional finance tools (a buyback) to support its valuation while sitting on one of the most powerful crypto assets. This disconnect between short-term stock price and long-term crypto strategy could represent a prime accumulation opportunity.

My Thoughts

This is a landmark moment for corporate adoption. Forward Industries isn’t just dipping a toe in; it’s building its entire financial strategy around Solana. The buyback is a clever tool to manage traditional investor expectations while the Solana treasury does the heavy lifting for long-term growth. I believe the market is severely underestimating the compounding effect of a multi-billion dollar staked SOL position. This is a bellwether for other public companies watching the crypto space.

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Strategy Bitcoin purchase
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Strategy Bitcoin Purchase 397 BTC Amid Market Dip

by Ouess
written by Ouess

The king of corporate Bitcoin just doubled down—hard. Michael Saylor’s Strategy has announced its latest Strategy Bitcoin purchase, acquiring 397 BTC for approximately $45.6 million.

Strategy Bitcoin Purchase: Saylor Adds 397 BTC in Defiant Accumulation

This marks the firm’s fourth consecutive week of accumulation, boldly buying the dip that was announced Yesterday while weaker hands panic sell. With this addition, Strategy’s legendary treasury now holds an astonishing 641,205 BTC, purchased for $47.49 billion but currently valued at over $69 billion. This represents a staggering 26.1% yield year-to-date in 2025, dramatically outperforming traditional assets.

A Masterclass in Conviction Amid Market Fear

While short-term traders fret over price swings, Saylor is playing a different game entirely. This latest Strategy Bitcoin purchase was executed at an average price of $114,771, demonstrating a relentless strategy of using internal funds and capital reserves to build its position regardless of market noise. In a landscape where Bitcoin is trading around $107,600, this move is a powerful signal of institutional confidence. It reinforces Bitcoin’s narrative as a sovereign-grade asset and a hedge against uncertainty, a theme that’s becoming increasingly relevant.

The Macro Backdrop: Political Turmoil Meets Strategic Accumulation

The timing of this accumulation is particularly poignant. It comes amid a prolonged U.S. government shutdown, with President Trump blaming Democrats for the political gridlock. This environment of fiscal instability and political dysfunction perfectly underscores the “digital gold” thesis that Saylor has championed. As traditional systems show strain, the strategic case for a decentralized, non-sovereign store of value grows exponentially stronger. Strategy isn’t just buying Bitcoin; it’s buying independence from a fragile financial status quo.

Short-Term Panic, Long-Term Opportunity

The current market dip, which has placed pressure on short-term holders, is being viewed by Strategy as a strategic opportunity. Glassnode data confirms that recent buyers are in loss positions, often leading to panic selling. However, history shows that these phases of weak capitulation consistently precede massive accumulation by long-term holders. Strategy’s actions provide a clear blueprint: volatility is a feature, not a bug, and is to be used for strategic positioning.

Strategy Bitcoin Purchase
BTC Price Source : TradinGview

My Thoughts

Saylor is once again teaching the market a lesson in conviction. While others see risk, he sees a fire sale on digital property. This consistent, public accumulation does more than just add to their stack; it provides an immense psychological anchor for the entire market. It tells every institution and investor that there is a multi-billion-dollar buyer waiting to soak up panic sells. This is profoundly bullish for market structure.

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crypto market crash
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Crypto Market Crash as Fed Hawkishness Spooks Traders

by Ouess
written by Ouess

The blood is in the streets. A severe risk-off sentiment has gripped digital assets, triggering a broad-based crypto market crash on November 3rd.

Crypto Market Crash Intensifies as Fed Fears Spark Liquidation Cascade

Bitcoin price cratered to $106,000, teetering on the edge of a technical bear market, while major altcoins were absolutely eviscerated with losses exceeding 15%. This brutal sell-off was ignited by a hawkish pivot from Federal Reserve officials, who are now signaling that the battle against inflation is far from over. The era of easy monetary policy appears to be on pause, and crypto is feeling the pain.

Crypto Market Crash
Crypto Heatmap Source : QuantifyCrypto

The Hawkish Fed: The Root of the Crypto Market Crash

Let’s be clear: this crypto market crash is a macro-driven event. The initial sell-off began after the Fed’s last meeting, where Jerome Powell dashed hopes for a December rate cut. Since then, the probability of a cut has collapsed from 96% to just 67%. The situation worsened when Chicago Fed President Austan Goolsbee stated he is “nervous about the inflation side,” noting it has been above target for four and a half years. This hawkish rhetoric, combined with a contracting US manufacturing sector, created a perfect storm of fear, pushing investors to flee risk assets like crypto en masse.

We already crossed $1B in just Long liquidation in the last 24 hrs and $1.20B in total liquidation .

Crypto Market Crash
Liquidation Data Source : Coinglass

Technical Breakdown: Bitcoin’s Ominous Charts

The technical picture for Bitcoin has turned undeniably bearish. The dreaded “death cross” is now near on the daily chart, with the 50-day moving average crossing below the 200-day. This classic bearish signal is often followed by further downside. Furthermore, Bitcoin is breaking key support levels, including the 38.2% Fibonacci retracement and critical Murrey Math Lines. Analysts are now warning that a drop below the psychological $100,000 level is a distinct possibility. If Bitcoin breaks, altcoins—which are already bleeding out—will likely experience an even more violent capitulation.

Crypto Market Crash
BTC Price Source : TradingView

What Comes Next? Navigating the Downturn

For traders, the path of least resistance is now downward. The confluence of negative macro news and broken technical supports creates a highly risky environment. The key for Bitcoin bulls is to defend the $100,000 level at all costs; a loss here could trigger a waterfall of selling. Conversely, any sign of a dovish shift from the Fed or a reclaim of the $111,000 resistance level would be the first signal that a bottom might be forming. Until then, capital preservation is the name of the game.

My Thoughts

This is a painful but necessary reset. The market had become over-leveraged and overly optimistic about the Fed’s pacing. While the short-term outlook is bleak, this flush of leverage and weak hands creates a healthier foundation for the next leg up in the long-term bull cycle. For those with dry powder, this panic could present generational buying opportunities—but be patient and wait for the technical structure to show signs of stabilization first.

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CZ Crypto Bank Kyrgyzstan
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CZ Crypto Bank Kyrgyzstan Rumors Denied

by Ouess
written by Ouess

The crypto world is buzzing with speculation, but Binance founder Changpeng “CZ” Zhao is setting the record straight. Recent reports claimed a CZ Crypto Bank Kyrgyzstan rumors and that he was behind a proposal to create “Bereket Bank,” a private digital asset bank in Kyrgyzstan

CZ Crypto Bank Kyrgyzstan Shuts Down Rumors

. The former CEO quickly took to X to deny the CZ Crypto Bank Kyrgyzstan rumors, stating unequivocally, “This isn’t correct… I never proposed creating a bank myself.” He clarified that while he supports traditional banks working with crypto, he has no personal interest in running one. This firm denial puts a swift end to the circulating narrative, even though he later deleted the tweet.

Unpacking the Source of the CZ Kyrgyzstan Rumors

So, where did this speculation originate? It likely stems from CZ’s very real and influential role in the region. He recently attended a high-level meeting of Kyrgyzstan’s National Council for the Development of Virtual Assets as a strategic adviser and even met with President Sadyr Japarov. Following his visit, the nation announced major crypto initiatives, including launching its KGST stablecoin on BNB Chain and plans for a CBDC. Additionally, CZ announced educational partnerships between Binance Academy and ten Kyrgyz universities. His significant advisory influence, combined with these concrete developments, appears to have been misinterpreted as direct involvement in a banking venture.

CZ Crypto Bank Kyrgyzstan
Source : X

Kyrgyzstan Charges Ahead with Crypto Regulation

Despite the rumor mill, Kyrgyzstan is undeniably charging forward with its crypto ambitions. Lawmakers are actively reviewing amendments to the “On Virtual Assets” law, which includes plans to establish a state-backed cryptocurrency reserve. The proposed legislation also seeks to transfer regulatory power to a new, presidentially-appointed body, centralizing oversight and creating a more transparent framework for the digital asset market. This proactive move signals the country’s serious intent to become a regulated hub for blockchain innovation, with or without a CZ-backed bank.

My Thoughts

This episode highlights the immense influence CZ still wields in global crypto policy. While he’s not starting a bank, his guidance is clearly shaping a nation’s digital asset strategy. For the market, this is bullish. Kyrgyzstan’s structured approach to regulation, influenced by top-tier advisors, creates a blueprint for other emerging markets. It’s a sign of maturing infrastructure that ultimately benefits the entire ecosystem.

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Bitcoin acquisition
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Saylor Teases New Bitcoin Acquisition Amid Trump Trade Deal

by Ouess
written by Ouess

The oracle of corporate Bitcoin has spoken again. Strategy’s Michael Saylor just dropped his signature “orange” signal, strongly hinting at another major Bitcoin acquisition in the coming week.

Saylor’s Orange Signal: Another Massive Bitcoin Acquisition Incoming

In a cryptic X post, Saylor shared his firm’s legendary portfolio chart—now holding 640,808 BTC worth a staggering $71 billion—with the caption “Orange is the color of November.” This isn’t just a color preference; it’s a proven alpha call. Historically, this exact signal has preceded each of Strategy’s 12 consecutive Bitcoin purchases. Get ready for number thirteen.

The Strategy Bitcoin Acquisition Juggernaut Marches On

Let’s put this potential purchase into perspective. Strategy’s current hoard was acquired at an average price of $74,302 per Bitcoin, representing an unrealized gain of over $23.6 billion—a 48% profit on their initial investment. The firm just added 390 BTC last Monday, demonstrating relentless accumulation regardless of price action. Saylor’s unwavering strategy reinforces Bitcoin’s “digital gold” narrative, treating it as the ultimate corporate treasury asset. Another purchase would further cement their dominance as the world’s largest corporate Bitcoin holder, a title they show no signs of relinquishing.

Bitcoin acquisition
Strategy Bitcoin Holdings Source : Strategy

Macro Tailwinds: Trump’s Trade Deal Ignites Risk-On Sentiment

Meanwhile, a powerful macro catalyst is emerging that could supercharge Bitcoin’s momentum. President Donald Trump has announced a groundbreaking U.S.-China trade deal, signed during his Asia tour. The agreement includes tariff reductions, reopened agricultural markets, and pauses on rare earth material restrictions. This détente between economic superpowers immediately boosted global market confidence. Consequently, Bitcoin price reversed its recent losses, climbing back above $110,000 as risk assets rallied on the news.

The Perfect Storm for Bitcoin

This combination of institutional accumulation and positive macro developments creates an incredibly bullish setup. Saylor’s predictable Bitcoin acquisition strategy provides constant buy-side pressure, while Trump’s trade diplomacy reduces global economic uncertainty. For investors, this signals that both corporate and geopolitical forces are aligning in Bitcoin’s favor. As traditional markets stabilize, capital often flows into crypto, and Strategy’s impending purchase will only accelerate this trend.

KeMy Thoughts

When Saylor speaks, the market should listen. His consistent accumulation—through ups and downs—demonstrates a conviction that retail investors should emulate. Combined with improving macro conditions, this sets the stage for a violent move upward. I believe we’re witnessing the foundation being laid for Bitcoin’s next leg to $150,000. Don’t be caught on the sidelines.

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Polymarket ban
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Polymarket Ban Expands as Romania Blocks Platform

by Ouess
written by Ouess

The regulatory noose is tightening around prediction markets. Romania’s National Office for Gambling (ONJN) has officially announced Polymarket ban , dealing another blow to the popular crypto-based platform.

Polymarket Ban Expands as Romania Cracks Down

This Polymarket ban adds to a growing list of countries—including the US, France, and Singapore—that have restricted the site for operating as an unlicensed gambling service. The move highlights the intense global scrutiny facing decentralized prediction platforms, regardless of their technological innovation.

Behind the Polymarket Ban: Regulators Draw a Hard Line

So, what sparked this specific action? Romanian authorities pointed to a massive surge in betting activity during the country’s recent presidential and local elections. Polymarket’s trading volume reportedly exceeded $600 million, drawing regulatory ire. The ONJN firmly stated that the platform’s model constitutes “counterpart betting,” where users wager on uncertain future events. President Vlad-Cristian Soare made it clear: “This is not about technology, but about the law.” Whether using fiat or crypto, the activity is considered gambling and requires a license. Consequently, Romanian internet providers must now block access to the site.

A Glimmer of Hope: Polymarket’s Planned US Relaunch

Despite the escalating global crackdown, Polymarket isn’t backing down. In a highly bullish development, reports indicate the platform is preparing to resume limited trading for US users before the end of November. This strategic comeback follows a key regulatory green light: the CFTC issued a no-action letter to a crypto derivatives exchange acquired by Polymarket. This clever maneuver effectively paves the way for a compliant return, initially focusing on sports-related markets. This demonstrates the platform’s resilience and its commitment to working within regulatory frameworks.

The Bigger Picture: Innovation vs. Regulation

This situation represents a classic clash between innovative crypto projects and established legal boundaries. While Polymarket brands itself as “event trading,” global regulators uniformly see it as gambling due to its core mechanics. The platform’s immense popularity—evidenced by its massive election volume—proves there’s huge demand for these markets. Its ability to secure a $2 billion investment from the Intercontinental Exchange (owner of the NYSE) amidst these challenges signals that institutional backers believe in its long-term potential.

My Thoughts

This is a pivotal moment for the prediction market space. The bans show that regulators won’t tolerate unlicensed operations, even on blockchain. However, Polymarket’s planned US return is a masterstroke. If successful, it could create a blueprint for other decentralized platforms to operate legally. The demand for these markets is undeniable; the future lies in finding compliant pathways to serve that demand.

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BitMine Ethereum purchase
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BitMine Ethereum Purchase: $29M Bet on ETH

by Ouess
written by Ouess

The institutional whales are making waves again! In a bold move that’s shaking up the crypto markets, BitMine has executed a massive BitMine Ethereum purchase, acquiring 7,660 ETH worth approximately $29 million from Galaxy Digital.

BitMine Ethereum Purchase : A $29M Bet on ETH

This isn’t just a random trade; it’s a strategic accumulation that highlights a growing divide between institutional confidence and retail caution. As Ethereum price hovers around $3,780, down 1.2% in the past 24 hours, the smart money is betting big on a reversal.

Institutions Accumulate as Retail Fears

Diving into the on-chain data, we see a clear pattern of institutional accumulation. BitMine Ethereum Purchase , the latest transaction According to Arkham involved two batches of 3,818 and 3,842 ETH sent to its primary wallet. This follows a series of large-scale purchases, including over $820 million in ETH recently. Why does this matter? Because when whales like BitMine buy, it often leads to a shortage of ETH on exchanges, squeezing the supply and potentially driving prices higher. On the flip side, retail sentiment is bearish. Prediction platform Kalshi shows traders assign only a 34% probability of ETH reaching $5,000 by year-end, down from 40% a month ago. This skepticism stems from macroeconomic uncertainties and Fed Chair Jerome Powell’s comments ruling out further rate cuts this year. But history shows that when retail pulls back, whales accumulate, setting the stage for the next leg up.

BitMine Ethereum Purchase
Source : Arkham

Analysts Bullish on ETH Price Reversal

Despite the gloomy retail outlook, top analysts are overwhelmingly bullish. Market analyst Ted Pillows points out that BitMine has been buying $200-$300 million worth of ETH every week. He emphasized, “a few more buyers like that, and an ETH reversal could happen.” Meanwhile, renowned crypto analyst Michaël van de Poppe sees Ethereum’s ecosystem as one of the strongest investment themes for 2026. He predicts ETH could break above $5,000 once momentum builds in layer-2 networks and the Fusaka upgrade rolls out. These optimistic forecasts contrast with short-term price action, suggesting that the current dip is a golden opportunity for accumulation before the rally.

My Thoughts

In my view, this is a classic case of “be greedy when others are fearful.” The institutional buying from BitMine and others is a strong signal that Ethereum’s fundamentals are intact. The divergence between whale accumulation and retail fear often precedes significant price movements. With Ethereum’s ongoing developments and institutional interest, I believe ETH is poised for a run to new all-time highs. Don’t miss out on this dip!

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