Hodler’s Digest, Nov. 9 – 15 | The New York Ledger

Leading Stories of The Week

‘ We are purchasing’: Michael Saylor rejects reports of Technique discarding BTC

Michael Saylor, executive chair of Technique, rejected reports that the business was unloading a few of its Bitcoin amidst a flash crash in the cryptocurrency’s cost.

In a Friday X post, Saylor stated that there was “no fact” to a report declaring that Technique lowered its general Bitcoin holdings by about 47,000 BTC, or $4.6 billion at the time of publication. Saylor stated the business was continuing to purchase Bitcoin as the cost visited more than 4% in less than 24 hr, from more than $100,000 to less than $95,000.

” I believe the volatility includes the area,” stated Saylor in a Friday CNBC interview. “If you’re going to be a Bitcoin financier, you require a four-year time horizon and you require to be prepared to deal with the volatility in this market.”

Uniswap restores ICO-style token launches with brand-new onchain auction system

Decentralized financing heavyweight Uniswap presented Constant Cleaning Auctions (CCA), a brand-new procedure intending to help with token offerings through its facilities.

According to a Thursday statement, Uniswap’s CCA “assists groups bootstrap liquidity on Uniswap v4 and discover the marketplace cost for brand-new and low-liquidity tokens.” The business stated this was simply “the very first of numerous tools” it is constructing to assist jobs launch and deepen token liquidity on the platform.

The statement accompanied preparations for the very first CCA-enabled sale. Privacy-focused Aztec Network opened its community-only AZTEC token sale on Thursday, with a public stage arranged for Dec. 2.

The Aztec group declared that it has actually “taken the neighborhood gain access to that made the 2017 ICO age fantastic and made it even much better.” The group supposedly worked along with Uniswap to establish the brand-new procedure and “focus on reasonable gain access to, permissionless, on-chain access to neighborhood members and the public pre-launch.” The group stated the AZTEC token will be 100% community-owned as soon as tokens unlock.

Cathie Wood’s ARK bags $46M of Circle stock as cost dips listed below $90

Cathie Wood’s investment firm ARK Invest is back to purchasing shares of USDC company Circle as the stock sinks listed below $90.

ARK purchased an overall of 542,269 Circle (CRCL) shares over the previous 2 trading days, investing around $46 million, according to the company’s everyday trading disclosures seen by Cointelegraph.

The 2 acquisitions– a $30.4 million purchase on Wednesday and a $15.5 million buy on Thursday– came amidst a decrease in CRCL shares, which closed at $86 and $82.30, respectively.

The fresh purchases mark ARK’s very first CRCL deals because the company unloaded about 1.7 million Circle shares throughout 4 sales in June at a typical closing cost of $200, creating $352 million.

XRP ETF launching beats all 2025 launches with $250M inflows, record volume

The launching of the Canary Capital XRP exchange-traded fund (ETF) is signifying restored need for altcoins, after the fund published the greatest first-day efficiency of the more than 900 ETFs introduced in 2025.

Canary Capital’s XRP ETF closed its very first day with $58 million in trading volume, marking the most effective ETF launching of 2025 amongst both crypto and conventional ETFs, stated Bloomberg ETF expert Eric Balchunas in a Thursday X post.

The brand-new fund amassed over $250 million in inflows throughout its very first trading day, going beyond the current inflows of all other crypto ETFs.

Part of the factor behind the effective launch was the ETF’s in-kind production design, according to ETF expert and president of NovaDius Wealth Management Nate Geraci.

Bitcoin ETFs bleed $866M in second-worst day on record, however some experts still bullish

Need for Bitcoin and crypto-linked mutual fund continued to decrease Thursday, in spite of the long-awaited end of the 43-day United States federal government shutdown.

United States area Bitcoin exchange-traded funds (ETFs) saw $866 million in net outflows on Thursday, marking their second-worst day on record after the $1.14 billion everyday outflows on Feb. 25, 2025, according to Farside Investors.

This marked the 2nd successive day of outflows for the Bitcoin ETFs, as completion of the 43-day United States federal government shutdown stopped working to reignite financier hunger.

The $866 million outflows took place a day after President Donald Trump signed a federal government financing costs on Wednesday. The costs supplies financing up until Jan. 30, 2026.

Winners and Losers

At the end of the week, Bitcoin ( BTC) is at $96,428, Ether ( ETH) at $3,184 and XRP at $2.29. The overall market cap is at $3.27 trillion, according to CoinMarketCap.

Amongst the most significant 100 cryptocurrencies, the leading 3 altcoin gainers of the week are Starknet ( STRK) at 33.66%, MYX Financing ( MYX) at 31.19% and SOON ( SOON) at 30.54%.

The leading 3 altcoin losers of the week are Web Computer system ( ICP) at 39.21%, Filecoin ( FIL) at 38.81% and Canton ( CC) at 24.54%. For more details on crypto costs, ensure to check out Cointelegraph’s market analysis.

Leading Forecast of The Week

Possibility of December rate of interest cut falls listed below 50%

Just 45.9% of financiers prepare for a rate of interest cut at the next United States Federal Free market Committee conference in December, amidst decreasing market belief and a slump in the cryptocurrency market.

The chances of a 25 basis point (BPS) rate of interest cut in December were almost 67% on Nov. 7, according to information from the Chicago Mercantile Exchange Group.

Read likewise

Functions

68% of Runes remain in the red– Are they actually an upgrade for Bitcoin?

Functions

Pectra difficult fork discussed– Will it get Ethereum back on track?

In September, numerous banking organizations anticipate a minimum of 2 rate of interest cuts in 2025, with market experts at financial investment banking business Goldman Sachs and banking huge Citigroup each predicting 3 25 BPS cuts in 2025.

Leading FUD of The Week

Bitfarms plunges 18% after strategy to unwind Bitcoin mining ops

Bitfarms’ stock has actually plunged after the business revealed it would be shuttering its Bitcoin mining operations over the next 2 years and transforming them to expert system and high-compute information centers.

The business stated on Thursday that its 18-megawatt Bitcoin mining website in the United States state of Washington will be the very first to be totally transformed to support AI and high-performance computing, with conclusion anticipated in December 2026.

” In spite of being less than 1% of our overall developable portfolio, our company believe that the conversion of simply our Washington website to GPU-as-a-Service might possibly produce more net operating earnings than we have actually ever created with Bitcoin mining,” stated Bitfarms CEO Ben Gagnon.

He included the conversion would assist the business as it unwind its Bitcoin mining service in 2026 and 2027.

Skittish threat supervisors might turn Bitcoin’s institutional boom into bust, CEO cautions

The effective wave of institutional purchasing that assisted move Bitcoin greater because early 2024 might likewise enhance a correction if market tiredness continues, according to Markus Thielen, CEO of 10x Research study and a previous portfolio supervisor.

In an interview with Bloomberg, Thielen stated the crypto market, and Bitcoin in specific, is revealing all the telltale indications of tiredness following a hard October marked by the biggest liquidation occasion in the market’s history. Those losses, he kept in mind, have actually intensified underlying macroeconomic dangers that Bitcoin has actually progressively mirrored.

Due to the fact that institutional inflows, specifically from area Bitcoin exchange-traded funds, have actually been an essential chauffeur of the 2024 rally, Thielen alerted that the exact same financier base might speed up disadvantage pressure if activity continues to slow.

Kraken co-CEO cautions UK guidelines implied to safeguard users penalize them: FEET

Arjun Sethi, the co-CEO of significant crypto exchange Kraken, slammed the UK’s crypto guidelines, which he stated prevent services for their consumers.

In an interview with the Financial Times, Sethi stated that “in the UK today, if you go to any crypto site, consisting of Kraken’s, you see the comparable to a cigarette box.” He recommended that the disclaimers have a substantial effect on consumer experience.

Read likewise

Functions

Phony staff members and social attacks: Crypto recruiting is a minefield

Functions

Harmful Twitter Tribalism: The Fuel Powering the Crypto Rocket?

Sethi recommended that disclosures sluggish users down which, since of the value of speed in crypto trading, “it’s even worse for consumers.” He concluded that “disclosures are essential […] however if there are 14 actions, it’s even worse.”

The UK Financial Conduct Authority’s upgraded monetary promo routine entered into force in October 2023. It presented a “cooling-off” duration for novice crypto financiers and necessary companies to examine whether users had enough understanding and experience before permitting them to trade.