ProShares has withdrawn its full suite of 3x leveraged technology and crypto ETFs after the SEC flagged concerns about the methodology used to assess and manage leverage risk.
Texas has become the first U.S. state to purchase and hold Bitcoin (BTC), stepping in during a market pullback as a strategic reserve move; officials say the allocation is intended to diversify treasury assets and signal confidence in crypto as an institutional tool.
Bitwise executive Matt Hougan says Michael Saylor and MicroStrategy do not intend to sell their Bitcoin holdings, reinforcing institutional commitment to BTC.
Bitcoin fell roughly 5% to $86,950 on Sunday (Nov. 30), triggering about $539 million in liquidations and closing out its weakest November since 2018.
On a Nov. 30 podcast, Elon Musk ended his long silence on Bitcoin, describing the leading cryptocurrency as a “fundamental, physics-based currency.” His comments have renewed discussion about BTC’s role as a digital commodity and store of value.
Investor Jason Calacanis urged Tether to sell its Bitcoin holdings and fully “Americanize” its business to rebuild credibility and reduce systemic risk. His comments increase scrutiny on USDT as regulators and markets watch stablecoin reserve policies.
Fresh data show China has climbed back to the world’s No. 3 bitcoin mining position four years after its 2021 ban, as miners return attracted by cheap power and shifting policy signals. The development could reshape global hashrate distribution and prompt renewed regulatory and environmental scrutiny.
Bitcoin rebounded to $88,000 after falling to $80,000 last week, buoyed by risk-on sentiment tied to Google's AI-led rally. The tech giant's role is an unlikely but meaningful positive for BTC momentum.
Digital asset treasuries purchased 18,700 BTC in November even as Bitcoin slid 15.62% from $103,000 to $86,000, bringing total treasury holdings to 1.86 million BTC.
Analyst Jeff Park said sovereign adoption of Bitcoin would be the 'ultimate upside catalyst' and could push BTC to $150,000 overnight — but only if the move is genuine. He framed such a shift as a wake-up call for markets, not a speculative flash.