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The UAE has not banned Bitcoin. Authorities clarified that crypto businesses must be licensed, but residents can still buy, hold, and trade Bitcoin freely.
Cathie Wood’s ARK Invest scooped up shares of Circle Internet Group, BitMine Immersion Technologies, and Bullish across three ETFs.
Bitfarms will wind down BTC mining by 2027 and pivot to AI/HPC, starting with a GB300-ready Washington site.
Bitcoin fell below $100,000 to $98,377 on Nov. 13, triggering $657.88 million in cryptocurrency liquidations. Long positions accounted for $533.57 million of the forced closures.
Grayscale Investments has filed for a public listing on the NYSE with ticker symbol “GRAY,” establishing a dual-class stock structure and partnering with major financial institutions as underwriters.
Nasdaq has listed Canary Capital’s XRP ETF, and CryptoQuant thinks that whales acted too quickly by entering the market before the ETF launched.
Bitcoin ETFs saw $278 million in net outflows on Nov. 12, led by Fidelity and Ark Invest, while BTC maintained price action above $100K.
SEC proposes four-category framework for digital assets with “sunset” provision ending security status upon proven decentralization and code deployment.
The crypto market slides amid growing uncertainty. Let’s explore the key trends and events on Nov. 12.
SoftBank has dumped its $5.83 billion NVIDIA stake to expand its position in OpenAI, a move likely impacting AI tokens.
CryptoQuant recently reported a significant drop in Ethereum supply on the top cryptocurrency exchange, Binance.
CryptoQuant CEO hints at the strong impact of the Strategy’s accumulation and institutional inflows despite strong expectations for the US government reopening.
Analyst CrypNuevo forecasts Bitcoin could rally to $116K by Thanksgiving following US government reopening liquidity, but warns of a potential short-term dip to $104K first.
Coinbase unveils a monthly token sales platform featuring algorithmic allocation to prevent concentration among large buyers, marking its first US-accessible sale since 2018.
BitMine Immersion Technologies has amassed 3.5 million Ethereum tokens, making it the world’s largest corporate holder with 2.9% of total circulation.