Bitcoin tumbles below $89,000, triggering over $200 million in long liquidations in past hour

Canary Capital has announced that its XRP exchange-traded fund (ETF) has surpassed the combined performance of all other XRP ETFs, marking a significant milestone in the cryptocurrency market. This claim highlights the growing influence of Canary Capital in the sector and its potential to shape investment strategies moving forward.

BlackRock has reported that its spot Bitcoin exchange-traded funds (ETFs) have emerged as its most profitable product line, significantly contributing to the company's global revenue. This development comes amid a surge in Bitcoin's price, which recently surpassed $90,000, reflecting renewed investor interest in cryptocurrency products backed by major financial institutions.

Tether's CEO has dismissed claims of insolvency, highlighting the company's $30 billion equity buffer as a significant asset that critics overlook. This response comes amid ongoing scrutiny regarding Tether's reserves and financial practices, particularly following a recent downgrade by S&P Global Ratings of its stablecoin, USDT, to the lowest score due to concerns over reserve exposure and governance issues.

Cocoon, a decentralized AI network backed by Telegram, has officially launched, allowing GPU owners to earn cryptocurrency by providing AI computing power. This initiative aims to enhance data privacy and democratize access to AI resources.

BlackRock's business development director, Cristiano Castro, announced at the Blockchain Conference 2025 in São Paulo that Bitcoin exchange-traded funds (ETFs) have unexpectedly become the largest revenue source for the firm, highlighting the significant role these investment products play in the cryptocurrency market. This development underscores the growing institutional adoption of Bitcoin since the launch of these ETFs.

Brazil’s Méliuz has implemented a bitcoin treasury strategy, inspired by Metaplanet, with 66% shareholder approval, to counteract negative returns from government bonds. This move marks a significant shift in the company's financial strategy as it seeks to leverage cryptocurrency for stability.

Prediction markets Polymarket and Kalshi have assigned mixed odds regarding Bitcoin's potential to surpass $100,000 by 2025, reflecting varying investor sentiment and market conditions. As of November 30, 2025, these platforms indicate a cautious outlook on Bitcoin's price trajectory amid ongoing fluctuations in the cryptocurrency market.

Binance founder Changpeng Zhao emphasized the importance of market sentiment in cryptocurrency trading, advising traders to sell during periods of maximum greed and buy during maximum fear. His comments came as the Crypto Fear & Greed Index indicated a shift from extreme fear, which had persisted for 18 days, to a slightly more optimistic sentiment level of 20.