Coinbase to roll out its new ‘DeFi Mullet’ offering in Brazil

Libra-linked wallets have withdrawn approximately $4 million from a struggling memecoin and redirected a portion of these funds into Solana, according to on-chain tracking and news reports. This move comes amid ongoing fraud investigations and scrutiny surrounding the token's launch, which had previously seen significant withdrawals that affected investor confidence. The wallets involved purchased around $61.5 million worth of SOL at an average price of approximately $135.

Crypto entrepreneur Mike Alfred stated that the US is likely to delay purchasing Bitcoin until other countries take action. He emphasized that the government will only intervene when there is sufficient external pressure, reflecting a cautious approach to cryptocurrency reserves.

CryptoQuant CEO Ki Young Ju has identified a realized price level of $56,000 for Bitcoin amid its current correction. He clarified that this figure should not be interpreted as a definitive bottom, emphasizing that market conditions and sentiment could lead to price fluctuations. Ju's analysis categorizes the market into futures, spot, and on-chain segments, noting a shift from futures whales to retail dominance in trading activity.

Kraken has confidentially filed for an initial public offering (IPO) in the United States, a move that may indicate growing mainstream acceptance and regulatory scrutiny of the cryptocurrency sector in the country.

HSBC is set to launch tokenized deposits in the US and UAE next year, marking a significant step in the evolving landscape of stablecoins. This initiative reflects the bank's commitment to innovation within the cryptocurrency sector, as it aims to compete with existing stablecoin offerings.

HSBC is set to introduce tokenized deposits in the US and UAE next year, marking a significant move in the competitive landscape of stablecoins. This initiative reflects the bank's commitment to innovate within the cryptocurrency sector.

BlackRock has made substantial deposits of $616 million in Bitcoin and $200 million in Ethereum into Coinbase, signaling a growing institutional confidence in digital assets. This move may contribute to the stabilization of cryptocurrency markets amid ongoing volatility.

US Bitcoin ETFs are experiencing significant outflows nearing $3 billion in November, with BlackRock leading the trend with record outflows of $523 million. This decline is attributed to a fresh death cross in market indicators, diminishing expectations for Federal Reserve rate cuts, and a general negative sentiment among investors.