Ethereum Foundation announces 'Privacy Cluster' team

Alibaba is set to utilize JPMorgan's blockchain technology for facilitating tokenized payments in US dollars and euros. This initiative aims to streamline transactions by removing intermediaries, allowing for direct transfers of digital currencies through a blockchain-based system.

Recent on-chain analysis indicates significant accumulation patterns for Bitcoin and Ethereum on the Binance exchange, which have historically preceded bullish market momentum. On November 14, a net outflow of $1.77 billion in BTC and ETH was recorded, with $1.1 billion attributed to Bitcoin and $670 million to Ethereum. This trend coincides with a surge in stablecoin inflows, suggesting a potential shift in market dynamics.

On November 14, Solana and XRP ETFs continued their inflow streaks, while Bitcoin and Ethereum ETFs experienced significant outflows. Bitcoin ETFs saw redemptions totaling $492.11 million, marking their third consecutive day of losses, while Ethereum ETFs faced $177.90 million in outflows.

The crypto bear market persisted this week, with major cryptocurrencies like Bitcoin, Solana, Ethereum, and Ripple experiencing significant declines, with Ripple's token dropping over 38% from its peak this year. Bitcoin has also seen a decrease of more than 20% from its recent highs, contributing to a negative sentiment in the market.

Shiba Inu price is currently under pressure as the cryptocurrency market experiences a pullback. Despite this, the Shiba Inu ecosystem shows promising fundamentals, including a rising burn rate and decreasing exchange reserves. As the largest meme coin on Ethereum, Shiba Inu (SHIB) continues to attract attention, although its price remains uncertain amidst market fluctuations.

On-chain data indicates that Ethereum investors who have held their assets for more than three years are significantly increasing their selling activity, reaching a rate of 45,000 ETH per day. This level of selling is the highest observed since February 2021, according to analytics firm Glassnode. The uptick in distribution among seasoned Ethereum holders suggests a notable shift in market behavior as these long-term investors decide to liquidate their holdings.

The Czech Central Bank has made its first-ever digital-asset purchase, conducting a $1 million cryptocurrency trial. This initiative is part of a Controlled Digital-Asset Pilot aimed at exploring tokenized finance and enhancing blockchain infrastructure. The move reflects a growing institutional commitment to adopting blockchain technology in financial systems. The pilot program is expected to provide insights into future developments in settlement, custody, and market design, although the full extent of future adoption remains uncertain.

Ethereum is currently facing significant selling pressure after briefly dropping below the $3,200 mark. Traders are closely monitoring whether it can maintain stability above this critical support level, as failure to do so may lead to a deeper correction towards $3,000. Despite the market's volatility, a notable Ethereum whale has expanded its position by acquiring an additional 36,437 ETH, bringing its total holdings to approximately $1.34 billion. This accumulation suggests a strong long-term confidence in Ethereum's fundamentals.