cryptexa

❗️ BTC The crypto market capitalization has decreased by $140,000,000,000 over the past 4 hours. BTC has dropped to below $87,000.

🐳 Strategy allows the possibility of selling bitcoins Their rhetoric is already changing. “We will buy at any price, hold, and never sell” has smoothly turned into “we allow the possibility of selling bitcoins to protect our shares.” They may sell if the value of their bitcoins becomes higher than the company’s valuation (which would tank the stock).

📌Hyperliquid developers received their first unlock of 2,599,999 HYPE ($93.6M). The tokens were distributed to 29 different addresses, likely belonging to team members. Some addresses have already sent part of the tokens to Bybit, others moved them to staking, but most wallets remain inactive. This is not the final unlock — another $8.7B is ahead.

🌅 BTC ≈ $91,000 (+0.47%) ETH ≈ $3,000 (-0.37%) SOL ≈ $140 (-0.25%) Total market cap ≈ $3.1T (+0.09%) Fear & Greed Index: 20 (extreme fear) Altseason Index: 35

💸Bitcoin investors are pricing in extremely bearish expectations of a global economic recession, according to Andre Dragos, Head of Digital Asset Research for Bitwise in Europe. He noted that the last time such an “asymmetric risk-reward setup” appeared in crypto was during the COVID-19 pandemic. Back then, Bitcoin quickly rebounded after the March 2020 shock and later grew sixfold. Dragos described the current situation as a “compressed spring” or a “ball held underwater.” In reality, the threat of a global downturn is receding, he argued. All negative narratives are already priced into digital gold. The expert believes expectations for global economic growth will accelerate from here, driven by monetary stimulus — including into 2026.

📊The seven-day cumulative inflow of Bitcoin and Ethereum on Binance has entered a “consistently high mode,” CryptoQuant reported. Since the beginning of the year, the metric hovered around $8 billion, but since August it has not fallen below ~$11 billion, even during local downturns. Analysts noted that this does not automatically indicate aggressive selling, but signals that more capital — and potentially more coins — is being placed on the exchange, increasing available liquidity for sellers.

🇨🇭 Switzerland has postponed the introduction of regulations requiring the automatic exchange of information on cryptocurrency accounts with foreign tax authorities until 2027.

🇺🇿 Uzbekistan to begin testing stablecoins as a means of payment Starting in 2026, Uzbekistan will launch a regulatory “sandbox” for payments using stablecoins. As part of this pilot program, the country will test the development of payment solutions based on blockchain technology. President Shavkat Mirziyoyev has signed decrees titled “On measures for the further development of the financial technology sector in Uzbekistan.” The plan covers a five-year period from 2026 to 2030. Key initiatives include: Increasing the number of fintech companies in Uzbekistan to 200. Launching a $50 million venture fund under the Central Bank to support the sector. Attracting up to $1 billion in foreign investment over five years. In September, Central Bank chairman Timur Ishmetov stated that Uzbekistan is considering both a digital version of the national currency (digital sum) and stablecoins. According to him, both instruments should be tested.

🇰🇿 Kazakhstan’s National Bank plans to invest up to $300 million in crypto assets The National Bank of Kazakhstan has announced the creation of a crypto reserve within its gold and foreign currency holdings and intends to begin investing in digital assets in 2025. The potential investment volume is estimated at up to $300 million, Interfax reports, citing central bank governor Timur Suleimenov. According to Suleimenov, the initial investments will come from the bank’s reserve assets: “At the first stage, we will invest from our gold and FX reserves, which we also manage. There is an alternative portfolio that contains more progressive, high-yield instruments. Within this portfolio, a separate segment has already been created — essentially the crypto reserve — where investments in high-tech stocks and other financial instruments linked to digital assets will be concentrated. The amount is up to $300 million.” He stressed that decisions will be made gradually and only after careful analysis: “We’re not rushing into unprepared decisions. We have created the legal and infrastructure basis to make these decisions when needed. But without thorough analysis, no decision will be made. (…) It doesn’t mean we’ll immediately place $300 million — it could be $50 million, or $100 million, or perhaps $250 million.” Suleimenov also noted the need for caution following the recent market downturn: “If good investment opportunities appear, we could mobilize this year, but ideally next year. After the decline in digital, financial, and crypto assets, it’s important to let the dust settle and only then invest in the most promising assets — not the hyped ones, but those with real potential for growth.” Suleimenov first floated the idea of directing part of the gold and FX reserves and the National Fund into crypto assets in July. Last week, President Kassym-Jomart Tokayev signed a new law simplifying regulation of mining and the circulation of unbacked digital assets in Kazakhstan.

🇪🇺 KuCoin obtains MiCA license to operate in Europe Crypto exchange KuCoin announced that its dedicated European entity has received a license in Austria under the MiCA regulatory framework. This enables the company to offer regulated services across the entire European Economic Area (EEA). MiCA (Markets in Crypto-Assets), which came into effect in early 2025, allows crypto firms licensed in one EU member state to provide services throughout the European Union. Typically, exchanges establish separate legal entities and platforms within the EU, meaning global platforms are not directly affected by EU regulatory requirements. In May, Bybit received its MiCA license in the same way — through Austria — with regulators approving its European entity Bybit EU.

🇹🇲 Turkmenistan legalizes mining and crypto exchanges Turkmenistan’s President Serdar Berdimuhamedov has signed the “Law on Virtual Assets,” officially legalizing mining as well as the operation of crypto exchanges and exchange services in the country. Under the new law, cryptocurrencies can be considered objects of civil rights but are not recognized as legal tender, currency, or securities. They may be either backed or unbacked. Mining will be allowed for individual entrepreneurs and legal entities, all of whom must register electronically with the Central Bank of Turkmenistan. Crypto exchanges and exchange services (virtual asset service providers) will be licensed by the central bank. Opening a wallet on such platforms will require identity verification in accordance with anti–money laundering rules. The law also introduces strict advertising regulations for cryptocurrencies, including mandatory risk warnings and a ban on references to profitability, bonuses, luxury items, or the use of images of minors.

📈Bitcoin rises above $92,000 — the highest level in a week

Trust Wallet adds Apple Pay and Google Pay support Users can now buy crypto with their cards in seconds in more than 40 countries. The minimum purchase amount is $20.

Cryptocurrency prices this morning: 🥇 Bitcoin (BTC): $91,670 🥈 Ethereum (ETH): $3,024 🐬 XRP (XRP): $2.21 🥉 BNB (BNB): $895 🌚 Solana (SOL): $140 💲 Tether (USDT): ₽80.54 ▫️ Total crypto market cap: $3.01T ▫️ Bitcoin dominance: 59.34% ▫️ Fear & Greed Index: 25 (extreme fear) 📈 Top gainer among the top 100: Sky (SKY) +5% 📉 Top loser: MemeCore (M) -30%

Bitcoin is attempting to hold above $91,000 (so far successfully). Altcoins in the top 100 are showing weakness. 📉 Biggest 24h decliners: M -31%, DASH -11%, ZEC -10%. 📈 Gainers: SKY +5%, PI +3%. The Fear & Greed Index is at 25 — still in extreme fear.

🇺🇸 How Bitcoin behaves on Thanksgiving in the United States Today the U.S. celebrates Thanksgiving — one of the country’s major national holidays. Traditional markets, including NASDAQ, are closed, but the crypto market operates as usual. The Protos team analyzed Bitcoin’s performance over the past 15 years during the Thanksgiving weekend — from Wednesday evening before the holiday to Monday morning. No clear pattern emerged: the price rose in eight years and fell in seven. Both average and median returns for the period are close to zero. The most notable swings occurred in the early years: in 2010 BTC dropped by 26.5%, while in 2015 it gained 16%. In recent years, movements have been moderate. Protos attributes this to reduced activity amid lower trading volumes and fewer news events during the holiday period. Significant fluctuations also happened in 2017, when BTC rose 13%, and in 2018, when it fell 13.3%. In the most recent years, changes have been minor — within 3% — again due to lower market activity around the holiday.

💶 Tether fully discontinues support for its euro-pegged stablecoin EURT Tether has announced the completion of its phase-out of EURT — the company’s euro-pegged stablecoin. As of November 27, withdrawals of EURT are no longer supported on any blockchain. The issuance of new tokens had already been halted back in 2022. The company explained that it will focus on products with higher demand. In Europe, its key priority remains Hadron — Tether’s own asset-tokenization platform. Tether CEO Paolo Ardoino noted that the company may return to euro-related products once Europe establishes clear crypto regulations that adequately protect users.

🥷 Hackers steal $37M from Upbit one day after its $10B deal announcement South Korea’s largest crypto exchange, Upbit, halted deposits and withdrawals after detecting an unauthorized transfer of around $37 million worth of crypto. According to the exchange, on November 27 a portion of Solana-based tokens worth roughly 54 billion KRW was moved to an external wallet. Upbit stated it will fully reimburse all affected customers. The incident came just a day after the announcement of a major deal between Upbit and Naver — often referred to as the “Korean Google.” Naver plans to acquire the exchange for $10.3 billion. At a press conference held on the day of the breach, Naver’s leadership reaffirmed its intention to invest 10 trillion KRW ($6.8 billion) into AI and blockchain technologies over the next five years. The acquisition of Upbit is viewed as a strategic move into fintech and the crypto sector. Upbit is the largest crypto exchange in South Korea, and trading volume in the Korean won (KRW) is comparable to USD-denominated volume (excluding stablecoins like USDT). This makes South Korea the second-largest crypto market in the world.

🫡Vitalik Buterin donates $390K to two encrypted messengers Ethereum co-founder Vitalik Buterin called end-to-end encryption a crucial element of digital privacy and highlighted two areas he believes require the most development: creating accounts without platform approval and protecting user metadata. Buterin noted that the messengers Session and SimpleX are already moving in this direction and donated 128 ETH (about $390K) to each team. He urged developers to focus more on technologies that ensure private communication, emphasizing that current solutions still lack both strong security and user convenience. According to him, full metadata protection requires decentralization, which significantly complicates development. Additional challenges include supporting multiple devices and ensuring resistance to attacks without relying on phone numbers. Buterin also encouraged users not only to support developers but to install and use such messengers themselves.

🔥Bitcoin is back above $90,000.