🇺🇸 New Hampshire approves $100M BTC-backed municipal bonds
The New Hampshire Business Finance Authority (BFA) has approved the issuance of $100 million in municipal bonds backed by Bitcoin — the first such bond offering in the United States.
The New Hampshire Business Finance Authority (BFA) has approved the issuance of $100 million in municipal bonds backed by Bitcoin — the first such bond offering in the United States.
📊 Crypto Market Morning Update
Crypto Prices
🥇 Bitcoin (BTC): $90,282
🥈 Ethereum (ETH): $3,007
🐬 XRP (XRP): $2.13
🥉 BNB (BNB): $916
🌚 Solana (SOL): $136
💲 Tether (USDT): ₽83.40
Market Metrics
▫️ Total Market Cap: $3.09T
▫️ Bitcoin Dominance: 58.94%
▫️ Fear & Greed Index: 15 — extreme fear
📈 Top gainer (24h, Top-100): Starknet (STRK) +17%
📉 Top loser (24h, Top-100): Filecoin (FIL) –13%
Crypto Prices
🥇 Bitcoin (BTC): $90,282
🥈 Ethereum (ETH): $3,007
🐬 XRP (XRP): $2.13
🥉 BNB (BNB): $916
🌚 Solana (SOL): $136
💲 Tether (USDT): ₽83.40
Market Metrics
▫️ Total Market Cap: $3.09T
▫️ Bitcoin Dominance: 58.94%
▫️ Fear & Greed Index: 15 — extreme fear
📈 Top gainer (24h, Top-100): Starknet (STRK) +17%
📉 Top loser (24h, Top-100): Filecoin (FIL) –13%
🧠Vitalik Buterin believes that modern cryptography could be broken by quantum computing before the next U.S. presidential election in 2028.
He urged the Ethereum community to adopt quantum-resistant security methods, using L2 networks for innovation while keeping L1 as a highly stable settlement and security layer.
According to Buterin, Ethereum has a maximum of four years to build this protection.
He urged the Ethereum community to adopt quantum-resistant security methods, using L2 networks for innovation while keeping L1 as a highly stable settlement and security layer.
According to Buterin, Ethereum has a maximum of four years to build this protection.
🏴 Satoshi Was Against ETFs
At the very beginning of the Bitcoin whitepaper, Satoshi wrote that “the main benefits of a peer-to-peer network are lost if a trusted third party is still required.”
This means that if you're investing in BTC through ETFs or Bitcoin-related stocks, you’re missing the core principle that Nakamoto embedded into Bitcoin.
At the very beginning of the Bitcoin whitepaper, Satoshi wrote that “the main benefits of a peer-to-peer network are lost if a trusted third party is still required.”
This means that if you're investing in BTC through ETFs or Bitcoin-related stocks, you’re missing the core principle that Nakamoto embedded into Bitcoin.
🧐 Bitfury Exits Mining and Launches a $1,000,000,000 Tech Fund
Bitfury is exiting Bitcoin mining after 14 years and launching a $1B investment fund focused on AI, quantum technologies, and crypto startups.
The company has been one of the oldest and most influential Bitcoin miners, operating since 2011.
Bitfury is exiting Bitcoin mining after 14 years and launching a $1B investment fund focused on AI, quantum technologies, and crypto startups.
The company has been one of the oldest and most influential Bitcoin miners, operating since 2011.
🐻 CryptoQuant: American investors are actively selling Bitcoin (Coinbase Premium Gap: -$90)
The Coinbase Premium Gap shows the price difference between BTC on the U.S. exchange Coinbase and foreign exchanges.
A negative value means BTC trades cheaper on Coinbase, indicating stronger selling pressure and weaker buying activity from U.S. investors.
Current reading: –$90, signaling active selling from the U.S. market.
The Coinbase Premium Gap shows the price difference between BTC on the U.S. exchange Coinbase and foreign exchanges.
A negative value means BTC trades cheaper on Coinbase, indicating stronger selling pressure and weaker buying activity from U.S. investors.
Current reading: –$90, signaling active selling from the U.S. market.
⚖️ Developer of Samourai Wallet sentenced to four years in prison
A U.S. court has sentenced 67-year-old William Hill, the second developer of the Samourai Wallet, to four years in prison for operating an unlicensed money-transmitting service.
Samourai Wallet included the Whirlpool mixer and privacy features that hindered transaction tracing. Prosecutors claimed the wallet was used to launder over $237 million in illicit funds.
The court considered Hill’s age as a mitigating factor. Earlier, co-developer Keonne Rodriguez received a five-year sentence.
Both developers were arrested in 2024. They initially faced up to 20 years, but in July pleaded guilty only to operating without a license, and the more serious money-laundering charge was dropped.
A U.S. court has sentenced 67-year-old William Hill, the second developer of the Samourai Wallet, to four years in prison for operating an unlicensed money-transmitting service.
Samourai Wallet included the Whirlpool mixer and privacy features that hindered transaction tracing. Prosecutors claimed the wallet was used to launder over $237 million in illicit funds.
The court considered Hill’s age as a mitigating factor. Earlier, co-developer Keonne Rodriguez received a five-year sentence.
Both developers were arrested in 2024. They initially faced up to 20 years, but in July pleaded guilty only to operating without a license, and the more serious money-laundering charge was dropped.
📈 AI-focused mining stocks surge after NVIDIA earnings
Shares of public mining companies involved in AI infrastructure rose after NVIDIA released its quarterly report, which exceeded analyst expectations.
Cipher Mining (CIFR) led the growth with over +13%, followed by IREN (IREN) with +10%. Bitfarms (BITF), TeraWulf (WULF), CleanSpark (CLSK), and MARA Holdings (MARA) also traded in the green, with MARA gaining +4%.
Mining companies have increasingly been reallocating data-center capacity to GPU hosting. In November, IREN signed a $9.7B agreement with Microsoft, while Cipher secured a $5.5B deal with AWS. Seven of the ten largest public miners already generate revenue from AI-related operations.
Bitfarms recently announced plans to gradually phase out Bitcoin mining in favor of AI. According to company leadership, a single GPU-hosting facility “can generate more profit than the entire mining business in its history.”
Shares of public mining companies involved in AI infrastructure rose after NVIDIA released its quarterly report, which exceeded analyst expectations.
Cipher Mining (CIFR) led the growth with over +13%, followed by IREN (IREN) with +10%. Bitfarms (BITF), TeraWulf (WULF), CleanSpark (CLSK), and MARA Holdings (MARA) also traded in the green, with MARA gaining +4%.
Mining companies have increasingly been reallocating data-center capacity to GPU hosting. In November, IREN signed a $9.7B agreement with Microsoft, while Cipher secured a $5.5B deal with AWS. Seven of the ten largest public miners already generate revenue from AI-related operations.
Bitfarms recently announced plans to gradually phase out Bitcoin mining in favor of AI. According to company leadership, a single GPU-hosting facility “can generate more profit than the entire mining business in its history.”
🇮🇳 India to launch rupee-backed stablecoin as an alternative to dollar tokens
India is preparing to launch a national stablecoin called ARC (Asset Reserve Certificate), fully backed by the Indian rupee. According to reports, issuance is planned for Q1 2026, with development led by Polygon engineers and fintech company Anq.
ARC will be used exclusively in a business environment and backed by liquid assets such as cash, bank deposits, or government bonds. This structure is intended to meet regulatory requirements and offer companies an alternative to dollar-based stablecoins, which tend to pull liquidity out of the national financial system.
The core idea is to keep capital inside the country and stimulate demand for government debt. ARC will complement — not replace — the digital rupee and will not interfere with state control over the monetary system.
India is preparing to launch a national stablecoin called ARC (Asset Reserve Certificate), fully backed by the Indian rupee. According to reports, issuance is planned for Q1 2026, with development led by Polygon engineers and fintech company Anq.
ARC will be used exclusively in a business environment and backed by liquid assets such as cash, bank deposits, or government bonds. This structure is intended to meet regulatory requirements and offer companies an alternative to dollar-based stablecoins, which tend to pull liquidity out of the national financial system.
The core idea is to keep capital inside the country and stimulate demand for government debt. ARC will complement — not replace — the digital rupee and will not interfere with state control over the monetary system.
💥 Crypto market lost $1T in capitalization after the October 10–11 crash
The crypto market has shed around $1 trillion in total capitalization following the sharp drop on October 10–11.
Along with Bitcoin, which saw a major decline, several leading altcoins also fell more than 20%, including ETH, SOL, ADA, LINK, TON.
Among the top-100 cryptocurrencies, the biggest percentage losses were recorded by IP, SPX, ENA, PENGU, SUI, PEPE, and several others.
The crypto market has shed around $1 trillion in total capitalization following the sharp drop on October 10–11.
Along with Bitcoin, which saw a major decline, several leading altcoins also fell more than 20%, including ETH, SOL, ADA, LINK, TON.
Among the top-100 cryptocurrencies, the biggest percentage losses were recorded by IP, SPX, ENA, PENGU, SUI, PEPE, and several others.
🥱Bitcoin has fallen 31.4% from its all-time high of $126,000 reached on October 6. The price has dropped to mid-April levels.
📊 Cryptocurrency prices this morning
🥇 Bitcoin (BTC): $85,983
🥈 Ethereum (ETH): $2,800
🐬 XRP (XRP): $1.97
🥉 BNB (BNB): $860
🌚 Solana (SOL): $132
💲 Tether (USDT): ₽82.62
▫️ Total crypto market cap: $2.94T
▫️ Bitcoin dominance: 58.94%
▫️ Fear & Greed Index: 14 (“extreme fear”)
📈 None of the top-100 cryptocurrencies gained over the past 24 hours.
📉 Canton (CC) fell the most, dropping 17% in the last 24 hours.
🥇 Bitcoin (BTC): $85,983
🥈 Ethereum (ETH): $2,800
🐬 XRP (XRP): $1.97
🥉 BNB (BNB): $860
🌚 Solana (SOL): $132
💲 Tether (USDT): ₽82.62
▫️ Total crypto market cap: $2.94T
▫️ Bitcoin dominance: 58.94%
▫️ Fear & Greed Index: 14 (“extreme fear”)
📈 None of the top-100 cryptocurrencies gained over the past 24 hours.
📉 Canton (CC) fell the most, dropping 17% in the last 24 hours.
📉 Bitcoin continues setting local lows
Bitcoin keeps renewing local lows and is trading around $85,000 — 33% below its all-time high and 7% below the level at the start of 2025.
For the second consecutive week, U.S. trading sessions have been marked by selling pressure. On November 20, U.S. spot Bitcoin ETFs recorded $903M in net outflows, the second-largest single-day outflow since Bitcoin ETFs launched in January 2024.
The broader crypto market is in the red: several top-100 altcoins fell 10–15% over the past 24 hours. Crypto exchanges recorded nearly $1B in leveraged liquidations in a day, with long positions losing roughly $830M.
Bitcoin keeps renewing local lows and is trading around $85,000 — 33% below its all-time high and 7% below the level at the start of 2025.
For the second consecutive week, U.S. trading sessions have been marked by selling pressure. On November 20, U.S. spot Bitcoin ETFs recorded $903M in net outflows, the second-largest single-day outflow since Bitcoin ETFs launched in January 2024.
The broader crypto market is in the red: several top-100 altcoins fell 10–15% over the past 24 hours. Crypto exchanges recorded nearly $1B in leveraged liquidations in a day, with long positions losing roughly $830M.
📉 Bitcoin briefly fell below $82,000; nearly $1B in longs liquidated within one hour
Bitcoin momentarily dropped below $82,000, triggering massive liquidations. In just one hour, almost $1 billion worth of long positions was wiped out.
Over the past 24 hours, around 400,000 traders faced losses. One of the largest forced liquidations was a $37 million position on the Hyperliquid exchange.
Bitcoin momentarily dropped below $82,000, triggering massive liquidations. In just one hour, almost $1 billion worth of long positions was wiped out.
Over the past 24 hours, around 400,000 traders faced losses. One of the largest forced liquidations was a $37 million position on the Hyperliquid exchange.
🇺🇸🇨🇳US investigates Bitmain for potential national security risks
The United States is reviewing the activities of Bitmain, the Chinese bitcoin-mining hardware giant, for potential national security risks. The probe focuses on the company’s operations and its impact on critical infrastructure tied to Bitcoin mining.
The United States is reviewing the activities of Bitmain, the Chinese bitcoin-mining hardware giant, for potential national security risks. The probe focuses on the company’s operations and its impact on critical infrastructure tied to Bitcoin mining.
📉 JPMorgan says Strategy may be removed from MSCI and Nasdaq 100 indexes
JPMorgan suggested that Strategy may be removed from major indexes such as MSCI and the Nasdaq 100. Analysts believe that if this happens, the company’s already weakened position—following a decline in mNAV—would deteriorate even further.
According to Bloomberg, MSCI index operators discussed in October the potential exclusion of companies whose digital assets exceed 50% of their balance sheets, although Strategy was not specifically mentioned. The next index review is scheduled for January 15, 2026.
Strategy’s situation continues to worsen: its shares have fallen 70% from their November 2024 peak. The decline in premium is compounded by Bitcoin’s drop, reducing BTC-related profit to $6 billion. The company will begin posting losses for the first time in years if Bitcoin falls to $74,433.
JPMorgan suggested that Strategy may be removed from major indexes such as MSCI and the Nasdaq 100. Analysts believe that if this happens, the company’s already weakened position—following a decline in mNAV—would deteriorate even further.
According to Bloomberg, MSCI index operators discussed in October the potential exclusion of companies whose digital assets exceed 50% of their balance sheets, although Strategy was not specifically mentioned. The next index review is scheduled for January 15, 2026.
Strategy’s situation continues to worsen: its shares have fallen 70% from their November 2024 peak. The decline in premium is compounded by Bitcoin’s drop, reducing BTC-related profit to $6 billion. The company will begin posting losses for the first time in years if Bitcoin falls to $74,433.
📰 Saylor comments on potential removal of Strategy from stock indices
Strategy CEO Michael Saylor commented on JPMorgan analysts’ statement regarding the potential removal of his company from MSCI and Nasdaq 100 indices.
In October, MSCI proposed excluding companies whose crypto holdings exceed 50% of their assets, arguing that such entities “resemble investment funds.” JPMorgan estimated that Strategy could face up to $2.8 billion in outflows if delisted.
Saylor stated that Strategy does not fall under this classification. He emphasized that the company is not a fund, trust, or holding structure, but a public firm “with a unique strategy of using Bitcoin as productive capital.”
He added that Strategy doesn’t simply hold assets — it issues its own financial instruments, such as Stretch (STRC), which generate dollar-denominated yield.
“No passive instrument or holding can do what we do,” Saylor said.
Strategy CEO Michael Saylor commented on JPMorgan analysts’ statement regarding the potential removal of his company from MSCI and Nasdaq 100 indices.
In October, MSCI proposed excluding companies whose crypto holdings exceed 50% of their assets, arguing that such entities “resemble investment funds.” JPMorgan estimated that Strategy could face up to $2.8 billion in outflows if delisted.
Saylor stated that Strategy does not fall under this classification. He emphasized that the company is not a fund, trust, or holding structure, but a public firm “with a unique strategy of using Bitcoin as productive capital.”
He added that Strategy doesn’t simply hold assets — it issues its own financial instruments, such as Stretch (STRC), which generate dollar-denominated yield.
“No passive instrument or holding can do what we do,” Saylor said.
📊 Facts highlighting the uniqueness of the current Bitcoin cycle
Several factors indicate a break from the traditional four-year Bitcoin cycle tied to halving events:
⏺️ Bitcoin is heading toward its worst quarter since 2018. Historically, the final months of the year have been among the strongest for the crypto market, but this time the trend is reversed.
⏺️ Bitcoin may record its first-ever red yearly candle despite setting a new all-time high. This combination has never occurred before.
⏺️ The April 2024 halving was also unconventional. Bitcoin rallied ahead of the event and then entered a prolonged correction — opposite to typical investor expectations.
Several factors indicate a break from the traditional four-year Bitcoin cycle tied to halving events:
⏺️ Bitcoin is heading toward its worst quarter since 2018. Historically, the final months of the year have been among the strongest for the crypto market, but this time the trend is reversed.
⏺️ Bitcoin may record its first-ever red yearly candle despite setting a new all-time high. This combination has never occurred before.
⏺️ The April 2024 halving was also unconventional. Bitcoin rallied ahead of the event and then entered a prolonged correction — opposite to typical investor expectations.
📊 Cryptocurrency prices this morning
🥇BTC: ~$86,100 (+2.10%)
🥈ETH: ~$2,820 (+2.69%)
🥉SOL: ~$130 (+2.64%)
▫️Market cap: ~$2.9T (+1.49%)
▫️Fear & Greed Index: 10 (extreme fear)
▫️Altseason Index: 47
🥇BTC: ~$86,100 (+2.10%)
🥈ETH: ~$2,820 (+2.69%)
🥉SOL: ~$130 (+2.64%)
▫️Market cap: ~$2.9T (+1.49%)
▫️Fear & Greed Index: 10 (extreme fear)
▫️Altseason Index: 47