AAVE Rallies 14% as Bybit, Mantle Integration Connects DeFi Lender to 70M Users

Ethereum's open interest has plummeted by 51%, dropping from an all-time high of $12.6 billion to $6.2 billion, as nearly $6.4 billion in derivative positions have vanished. This decline follows a significant drop in Ethereum's price, which has fallen below the $2,800 mark, causing heightened panic among investors and raising concerns about a potential bear market.

Bitcoin's price dipped below its 'fair value' for the first time in two years, prompting a network reset characterized by a flush of leverage and accumulation by long-term holders. Following this adjustment, the price has rebounded above fair value, suggesting a potential for significant gains in the coming months.

Amazon has entered the competitive landscape of artificial intelligence (AI) amid rising concerns over cryptocurrency and risk assets, signaling a significant shift in its business strategy. This pivot comes with potential risks, including heavy borrowing and sustainability issues, particularly if demand for AI technology declines.

Bitcoin's volatility has recently diverged from the VIX, indicating a widening spread between BTC and S&P 500 implied volatility indices. This shift suggests potential trading opportunities as market dynamics evolve. Analysts are closely monitoring these changes as Bitcoin's price has recently rebounded to around $91,000 after a significant sell-off.

A Brazilian court has sentenced 14 individuals for their involvement in a $95 million drug money laundering scheme that utilized cryptocurrency and shell companies to obscure the origins of illicit funds. The defendants were found guilty of leveraging fake businesses and digital transactions to facilitate their operations.

Polkadot has surged by 13% after breaking above a key resistance level, with trading volume increasing by 34% above weekly averages. This upward movement indicates a significant shift in market dynamics for the cryptocurrency, reflecting heightened investor interest.

Iren has announced plans to sell up to $2.3 billion in convertible notes, alongside a share sale aimed at funding the repurchase of existing debt. This move has resulted in a decline in the company's shares, reflecting investor concerns over its financial strategy.

Solana exchange-traded funds (ETFs) launched on October 28, 2025, and experienced a remarkable inflow of capital, achieving 21 consecutive days of positive inflows leading up to Thanksgiving. This surge highlights a strong investor interest in Solana as a viable asset in the cryptocurrency market.