Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.
https://bitcoinethereumnews.com/bitcoin/bitcoin-price-just-flashed-a-death-cross-but-its-not-what-you-think/
Tag: cryptocurrency
Peter Schiff Calls Strategy’s Bitcoin Model a Fraud, Challenges Michael Saylor to Debate
**Gold Investor Peter Schiff Labels Strategy’s Business Model a “Fraud” and Challenges Michael Saylor to Debate in Dubai**
Gold advocate and seasoned investor Peter Schiff has escalated his criticism of Strategy’s business operations, calling its entire model a “fraud” in a social media post on Sunday. Schiff, known for his strong stance in favor of gold over cryptocurrencies, took to challenging Strategy founder Michael Saylor to a public debate. The proposed debate is scheduled to take place at Binance Blockchain Week in Dubai, United Arab Emirates, this December. Additionally, Schiff extended a separate challenge to Binance co-founder Changpeng Zhao to participate in the same event.
His attacks come amid heightened downward pressure on Bitcoin, which has experienced significant market turbulence recently. Schiff argues that Strategy’s business model relies heavily on income-oriented funds purchasing its high-yield preferred shares. He claims these proposed yields are unlikely to be paid out in reality. Schiff warns that once fund managers realize this, they will start selling off the preferred shares, leading to a “death spiral” for Strategy. Such a scenario would make it increasingly difficult for the company to issue new debt, potentially accelerating its decline.
**Bitcoin’s Volatility and Strategy’s Stock Performance**
Bitcoin has fallen below the $99,000 mark recently, marking a decline of over 20% from its all-time high above $125,000 reached in October. The market experienced a significant flash crash on October 10, wiping tens of billions of dollars in value from the crypto sector. Currently, Bitcoin trades around $95,000, reflecting the ongoing volatility.
Strategy’s stock has also suffered substantial declines, dropping over 50% since July and now trading at approximately $199. Its mNAV (multiple on net asset value), which measures the premium over its underlying Bitcoin holdings, fell below 1 in November—a concerning sign for investors. Although it has since rebounded to 1.21, investors generally consider a healthy mNAV to be 2 or higher, indicating that the current market sentiment remains cautious.
**Michael Saylor’s Continued Confidence and Bitcoin Holdings**
Despite these challenges, Michael Saylor has hinted at further Bitcoin acquisitions. On social media, he posted a “Big Week” message accompanied by a portfolio chart indicating Strategy currently holds around 641,692 BTC. Based on recent Bitcoin prices, these holdings are valued at over $61 billion.
Strategy reportedly acquired its Bitcoin at an average cost near $74,000 per coin, and Saylor remains optimistic about future purchases. His willingness to accumulate more Bitcoin amidst market downturns underscores his firm belief in digital assets’ long-term potential.
**Gold Market Remains Resilient**
In contrast to cryptocurrencies, gold has maintained relatively stable pricing above $4,000 per ounce. It’s currently trading at approximately $4,085 per ounce. Gold experienced a brief dip below the $4,000 threshold but quickly recovered, reaching an all-time high of around $4,380 per ounce in October. At that peak, gold’s market capitalization surpassed $30 trillion.
Though there has been some retracement, gold remains a safe haven amid cryptocurrency market turbulence. Market analysts continue to monitor its performance as a stabilizing asset class.
**Market Insights and Future Outlook**
CryptoQuant analyst Maartunn has suggested that Strategy may announce another Bitcoin purchase soon, based on on-chain accumulation data. Meanwhile, Bitwise CEO Hunter Horsley has warned that Bitcoin’s traditional four-year cycle might be shifting. He noted that early selling by traders anticipating a downturn in 2026 could be accelerating the decline into 2025, indicating a potential paradigm shift in the crypto market’s behavior.
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*Stay tuned for updates on this developing story as the debate approaches and market conditions continue to evolve.*
https://coincentral.com/peter-schiff-calls-strategys-bitcoin-model-a-fraud-challenges-michael-saylor-to-debate/
SEC Planned to Classify BTC and ETH as Securities, UniSwap Creator Alleges
**Bitcoin and Ethereum at the Center of a Controversial Regulatory Proposal**
A heated dispute has resurfaced in the crypto world after UniSwap creator Hayden Adams disclosed what he describes as one of the most alarming regulatory ideas ever discussed in the United States: a scenario in which Bitcoin, Ethereum, and the rest of the major cryptocurrencies would have been branded as securities.
The claim is not based on speculation but stems from a conversation Adams says he had with Sam Bankman-Fried (SBF) shortly before the collapse of FTX. According to Adams’ recollection, SBF suggested that the SEC, under Chairman Gary Gensler at the time, was preparing to expand its jurisdiction to cover the entire crypto market.
### A Deal That Could Have Reshaped U.S. Crypto Markets
Instead of a multi-exchange environment, Adams understood the proposal as leading to a single licensed on-ramp for trading cryptocurrencies in the United States. Under this plan, one company would receive the only legal brokerage license to handle crypto assets, while another, affiliated with FTX, would be granted the exclusive exchange license.
In practice, this would have meant that all other platforms would lose legal access to U.S. markets. Although SBF never explicitly used the words “exclusive monopoly,” the direction of the conversation left Adams with no doubt about the intention behind the proposal.
He claims to have rejected the idea immediately, calling it contrary to the foundation of open blockchain networks.
### The Most Shocking Part: Targeting Bitcoin and Ethereum
What has attracted the most attention is not the licensing model but the assets allegedly targeted. Adams claims he was told that even Bitcoin and Ethereum were on the SEC’s radar for securities designation—not just smaller altcoins.
If true, this would represent the single largest shift in the legal treatment of digital assets in U.S. history.
### How the FTX Collapse Ended the Push
According to Adams, the plan never progressed beyond the negotiation stage because FTX imploded only days later. He framed the outcome as an unexpected turning point for the industry, stating that if FTX had not collapsed when it did, the entire market landscape could look completely different today.
Adams’ revelation has reignited old questions about how closely SBF was working with regulators before the collapse and whether some industry players were attempting to shape crypto rules in their favor, all while presenting themselves publicly as advocates for “responsible regulation.”
### The Aftermath and Industry Reaction
Neither the SEC nor Sam Bankman-Fried has publicly responded to Adams’ recent claims. Additionally, there is no independent confirmation of the alleged conversation.
Nonetheless, this disclosure has triggered anxiety within crypto circles because it revives a long-running concern: that regulation in the U.S. is not only about providing clarity but may also be a battle over who controls the industry.
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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice.*
Coindoo delivers comprehensive forecasts and insights for digital assets, providing readers with in-depth and reliable information on the latest market trends. Their expertise and professionalism make them a valuable source for investors, traders, and anyone following the dynamics of the crypto world.
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https://bitcoinethereumnews.com/bitcoin/sec-planned-to-classify-btc-and-eth-as-securities-uniswap-creator-alleges/
Stunning $2.22 Million Move Shakes Crypto Markets
In a stunning move that has captured the cryptocurrency world’s attention, BitMEX founder Arthur Hayes recently made a massive Ethereum (ETH) deposit worth approximately $2.22 million. This substantial transaction involved the transfer of 700 ETH to market maker B2C2, signaling potential major market movements ahead.
### What Does This Arthur Hayes ETH Deposit Mean?
The deposit was recorded approximately 41 minutes before this writing, according to blockchain analytics platform Lookonchain. When a cryptocurrency pioneer like Arthur Hayes moves this much Ethereum, it’s far from just another routine transaction — the entire market takes notice.
Market makers such as B2C2 play a crucial role in cryptocurrency liquidity by ensuring smooth trading through buy and sell orders across multiple exchanges. Therefore, this sizeable Arthur Hayes ETH deposit could indicate several possible developments:
– Institutional positioning for upcoming market movements
– Liquidity provisioning for trading operations
– Strategic allocation changes in Hayes’ portfolio
– Preparation for new trading strategies
### Why Should Crypto Investors Care About This Move?
Arthur Hayes isn’t just any cryptocurrency investor. As the founder of BitMEX, he has deep market insight and substantial influence. His decisions, including large Ethereum deposits, often precede significant market developments that impact all Ethereum holders.
This particular deposit happens at a critical time for cryptocurrency markets. Despite recent volatility, Ethereum has shown resilience. When major players position large amounts, it often signals confidence in the asset’s near-term prospects.
### How Do Large Deposits Impact Ethereum Markets?
When influential figures make substantial Ethereum deposits, their impact can ripple across several market dimensions. Large deposits to market makers typically increase liquidity, which helps stabilize prices and reduce volatility.
However, such deposits may also indicate upcoming trading activity capable of moving markets. The Arthur Hayes ETH deposit to B2C2 suggests institutional-grade operations rather than retail trading, implying more sophisticated strategies and longer-term positioning.
### What Can We Learn From This Transaction?
This notable deposit offers several lessons about the cryptocurrency market:
– Major players continue to build substantial Ethereum positions.
– Institutional infrastructure, through partners like B2C2, remains vital for large-scale operations.
– Despite market fluctuations, seasoned cryptocurrency veterans maintain strong conviction in Ethereum’s fundamental value and future potential.
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### Frequently Asked Questions
**How much Ethereum did Arthur Hayes deposit?**
Arthur Hayes deposited 700 ETH, valued at approximately $2.22 million at the time of the transaction.
**Who received the Arthur Hayes ETH deposit?**
The Ethereum was deposited to B2C2, a prominent market maker that provides liquidity across multiple trading platforms.
**Why is this Arthur Hayes ETH deposit significant?**
As BitMEX founder, Hayes’ moves often signal market trends and institutional positioning, making his transactions closely watched by analysts and investors alike.
**How was this Arthur Hayes ETH deposit detected?**
Blockchain analytics platform Lookonchain identified and reported the transaction through their monitoring systems.
**What does depositing to a market maker mean?**
Depositing to market makers like B2C2 typically suggests plans for sophisticated trading operations, liquidity provision, or institutional-grade position management.
**Should retail investors follow Arthur Hayes’ moves?**
While his activity provides valuable insights, retail investors should always conduct their own research rather than blindly following any single investor’s transactions.
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### Share This Insight
Found this analysis of Arthur Hayes’ Ethereum deposit helpful? Share it with fellow cryptocurrency enthusiasts on your social media channels to spread these important market insights. Your network will appreciate staying informed about major moves shaping Ethereum’s trajectory.
To learn more about the latest Ethereum trends, explore our article on the key developments shaping Ethereum’s institutional adoption.
https://bitcoinethereumnews.com/crypto/stunning-2-22-million-move-shakes-crypto-markets/
Crypto Market Watches for Possible Strategy Bitcoin Buy After Latest Saylor Update
Bitcoin’s price action may be soft, but the rumor mill is not. The latest spark came from Michael Saylor, whose brief “Big Week” post paired with a portfolio graphic has traders wondering whether Strategy is about to add even more BTC to its already enormous stash.
Earlier speculation that Strategy was reducing its position was dismissed by Saylor, who reiterated that the firm has not sold Bitcoin and intends to maintain its accumulation strategy.
### Market Narrative Around Halving Cycle Is Also Changing
While speculation around Saylor continues, a broader industry discussion has emerged around Bitcoin’s market cycle. Bitwise CEO Hunter Horsley recently suggested that the traditional four-year cycle may be shifting.
According to Horsley, expectations of a downturn in 2026 may have encouraged earlier selling, possibly contributing to the correction currently seen in 2025. He noted that Bitcoin’s post-halving performance has been weaker than in previous cycles and suggested that early profit-taking could be reshaping historical patterns.
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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*
—
**Author**
*Alexander Zdravkov*
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
https://coindoo.com/crypto-market-watches-for-possible-strategy-bitcoin-buy-after-latest-saylor-update/
Shiba Inu Team Teases ‘Something New’ as SHIB Remains Down Nearly 90% from ATH
The team behind the Shiba Inu cryptocurrency has recently teased the launch of “something new” in a social media post. According to the announcement, this upcoming project promises to be “wallet-friendly,” “useful,” and “unmistakably SHIB.” With nearly four million followers, the team’s official social media account has also tagged Bidget Wallet in the latest post, further fueling speculation within the community.
However, not all responses have been positive. The SHIB community’s reaction has been clearly mixed, with many holders expressing visible frustration toward the development team. Critics argue that the timing of this announcement is problematic, as it follows a severe price crash across the entire cryptocurrency market.
In addition to concerns about timing, some community members have voiced dissatisfaction regarding the pace and efficiency of Shiba Inu’s token burns—a mechanism intended to increase scarcity and value. Furthermore, issues regarding transparency have surfaced, with naysayers highlighting a perceived lack of clear communication from the team.
As anticipation builds around the teased project, both excitement and skepticism continue to shape the ongoing conversation within the Shiba Inu community.
https://bitcoinethereumnews.com/tech/shiba-inu-team-teases-something-new-as-shib-remains-down-nearly-90-from-ath/
XRP flashes major buy signal; Imminent rebound?
XRP Poised for Potential Rebound as TD Sequential Flashes Buy Signal
XRP may be on the verge of a potential rebound after a key technical indicator flashed a buy signal on the four-hour chart, according to market analyst Ali Martinez. In an X post on November 15, Martinez highlighted the TD Sequential indicator—a widely used tool for identifying trend exhaustion and potential reversal points.
The TD Sequential printed a “1” buy setup, typically appearing after a sequence of downward candles. This formation suggests fading bearish momentum and the early stages of a potential bullish reversal. Notably, XRP has been under sustained selling pressure, marked by large black candles, smaller-bodied candles, and indecisive price movement. This weakening of downward strength culminated in the TD Sequential’s buy signal, indicating seller exhaustion.
If confirmed, the TD Sequential “1” could pave the way for a potential rebound, with bulls anticipating an early reversal from current levels. However, traders typically wait for further confirmation—often requiring a “2” candle to close above the “1”—to validate sustained upward momentum.
Growing Institutional Interest: XRP ETF Impact
This technical outlook coincides with rising institutional interest in XRP, underscored by the recent debut of the first U.S. spot XRP ETF. Canary Capital’s spot XRP ETF made a historic launch on November 13, recording $58.6 million in first-day trading volume, far surpassing the $17 million analysts had projected. Within the first 30 minutes, the ETF saw $26 million in trades, with a total of $245 million worth of XRP purchased on day one.
XRP Price Analysis
Despite this surge in institutional interest, XRP’s price remains under pressure due to broader cryptocurrency market sentiment. At press time, XRP was trading at $2.26, down more than 2% in the past 24 hours.
On the weekly timeframe, XRP’s 14-day Relative Strength Index (RSI) stands at 42.4, signaling neutral momentum—neither overbought (above 70) nor oversold (below 30). This reading suggests limited immediate directional pressure and potential for sideways consolidation unless external catalysts emerge.
The 50-day Simple Moving Average (SMA) at $2.58 currently lies above the price, indicating short-term resistance and a mild downward bias. Meanwhile, the 200-day SMA at $2.65 further reinforces longer-term overhead pressure. As a result, XRP is positioned below both key trendlines, maintaining a cautious, range-bound posture.
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*This article was adapted from original reporting by Finbold.*
https://bitcoinethereumnews.com/finance/xrp-flashes-major-buy-signal-imminent-rebound/
Coinidol.com: TON Continues Its Steady Decline to $1.17
Toncoin (TON) has recently dropped to $1.82, falling twice below its previous support level of $2.00. This breach signals a bearish outlook in the long-term forecast for Toncoin.
Prior to this decline, the cryptocurrency was trading within a range above the $2.00 support level. Currently, the price is fluctuating between the $1.80 support and the moving average lines. Bears are aiming to break below the $1.80 support level to push the price further down to $1.17 and potentially as low as $0.70.
On October 10, the negative trend saw Toncoin fall below the $1.17 low, reaching $0.70. However, buyers stepped in to purchase the dips, preventing a further freefall. At the time of writing, TON is trading around $1.83.
### Toncoin Indicator Analysis
Toncoin is now trading near the bottom of its chart range. The presence of long candlestick tails at the bottom suggests significant buying pressure from investors. Additionally, Doji candlesticks are dominating the recent price action, indicating indecision in the market and keeping the price within a tight range.
### What’s Next for Toncoin?
TON recently fell to a low of $1.79 but has managed to hold just above the critical $1.80 support level. Its upward momentum has stalled below the $1.85 resistance high and appears to be trending downwards once more.
If the bears succeed in breaking the $1.80 support, it is likely that TON will resume its decline. For now, the cryptocurrency is oscillating above this support, and its next move will depend on whether buyers can maintain this level or if sellers will push the price lower.
Traders and investors should watch the $1.80 support closely to gauge Toncoin’s near-term direction.
https://coinidol.com/ton-continues-decline/
WazirX CEO Clears Air on Fund Misappropriations & Future Plan
**WazirX CEO Nischal Shetty Speaks Out for the First Time Since $234 Million Hack**
WazirX, a leading Indian cryptocurrency exchange, suffered a massive $234 million hack in July 2024 that sent shockwaves through the Indian crypto community. Since the incident, while the exchange maintained internal transparency through announcements on its social media platform X, neither CEO Nischal Shetty nor the leadership team made any public appearances to directly address the growing concerns of its users.
The situation was further complicated by the disabling of the comment section on WazirX’s social media posts, limiting open discussions and causing anxiety among users regarding fund recovery and the operational stability of the platform.
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### WazirX CEO Nischal Shetty Breaks Silence in Exclusive Interview
For the first time since the hack, WazirX CEO Nischal Shetty stepped forward to answer critical questions about the recovery process in an exclusive interview with Switch, an Indian podcast channel under Zee Production.
During the interview, Shetty discussed several key issues, including discrepancies in user payouts, the use of funds for legal and operational expenses, and the steps WazirX is taking to protect assets in the future.
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### How Much Have WazirX Users Been Refunded?
Addressing the question of why users have not been fully reimbursed despite the appreciation of crypto token prices since the hack, Shetty explained:
> “Around $234 million worth of assets were stolen during the hack. Following this, the exchange froze user portfolios to prevent users from missing out on market gains. The portfolio value was then rebalanced on January 17, 2025.”
As per the recovery plan, users are set to receive 85% of their portfolio value calculated on the rebalancing date, with the remaining 15% to be returned over the next 2-3 years.
When asked about reports of some users receiving only 20-30% of their tokens, Shetty clarified that:
– The 85% refund relates to the **total portfolio value** on the rebalancing date, **not the exact token count**.
– Between the rebalancing date and payout, cryptocurrency prices fluctuated — some tokens lost value while others appreciated.
– Users holding tokens that dropped in value received fewer tokens, while those with tokens that surged received more, leading to variation in token amounts received.
– The plan guaranteed 85% of portfolio value, but market price changes caused amounts to differ.
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### Clarifying Allegations of Fund Misappropriation
Shetty firmly denied any misuse of customer funds, especially accusations concerning funds being diverted for legal battles in Singapore related to the rearrangement scheme.
He explained that the **cost fund** used for operational and legal expenses was created solely from the **remaining assets left in the exchange’s wallets after the hack**, and not from customer deposits.
> “All expenditures were strictly to keep the exchange operational and to enable the withdrawal processes for users. This was a necessary step — without it, WazirX would have ceased operations completely, delaying recoveries and payouts.”
He assured users that customer funds have been kept separate to the extent possible under the circumstances.
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### What Lies Ahead: Future Outlook for WazirX Users
– The remaining **15% of user funds** in the recovery plan will be refunded gradually over the next 2-3 years.
– This phased approach allows WazirX to restore full portfolio value more effectively.
– The 15% is **not capped**, meaning if WazirX recovers more assets than expected, users could receive more than initially planned.
– The recovery plan has been **approved by the court** and is designed to be quicker and less disruptive than liquidating the company.
In addition, WazirX has partnered with **BitGo** to enhance the security of user funds through:
– Institutional-grade custody solutions
– Multi-signature wallets
– Insurance coverage
This partnership aims to ensure transparent fund management and bolster confidence as part of WazirX’s post-hack recovery strategy.
—
**Also Read:** [WazirX Starts Phased Trading Rollout with No Fees for 30 Days]
https://bitcoinethereumnews.com/finance/wazirx-ceo-clears-air-on-fund-misappropriations-future-plan/
OKX to Launch SEI/USDⓈ Spot Trading Pair
**OKX to Launch SEI/USDⓈ Trading Pair on Spot Platform**
OKX, a prominent cryptocurrency exchange, has announced the upcoming addition of a new trading pair, SEI/USDⓈ, to its spot trading platform. This initiative reflects OKX’s commitment to supporting the growing USDⓈ ecosystem and meeting the diverse trading needs of its global user base. The official launch is scheduled for 9:00 am UTC on November 14, 2025.
**Introduction of a New Trading Pair**
The introduction of the SEI/USDⓈ trading pair is expected to broaden the range of trading options available on OKX, potentially attracting traders interested in engaging with the USDⓈ ecosystem. This move aligns with OKX’s strategy to expand its market offerings and deliver a wider array of trading opportunities to its users.
**Trading Restrictions at Launch**
To ensure a stable and secure trading environment during the opening phase, OKX will implement specific order limitations. For the first five minutes after launch, market orders will not be allowed, and each limit order must not exceed a value of 10,000 USD. These restrictions are designed to protect traders from excessive volatility and will be lifted after the initial five-minute period, after which standard trading operations will resume.
**Strategic Goals and Future Implications**
The launch of the SEI/USDⓈ trading pair demonstrates OKX’s dedication to expanding its trading ecosystem and encouraging the adoption of USDⓈ. By introducing more trading pairs, OKX aims to attract a broader spectrum of traders, potentially increasing engagement and transaction volumes on its platform.
As the cryptocurrency market continues to evolve, exchanges like OKX are placing greater emphasis on diversifying their offerings to stay competitive and fulfill user expectations. The addition of new trading pairs is a strategic step to improve liquidity and offer users more diverse trading options, contributing to the overall growth and stability of the platform.
*Image source: Shutterstock*
https://Blockchain.News/news/okx-launch-sei-usd-spot-trading-pair