Cryptocurrency markets have endured a sharp November correction—Bitcoin down 8% to ~$96,400 and Ethereum off 13% to ~$3,160—but BitMine Immersion Technologies Chairman Tom Lee remains bullish. He forecasts a recovery starting after Thanksgiving (November 27), potentially taking 6–8 weeks, calling current volatility “short-term fluctuations” linked to a few overextended market makers. Lee cautioned traders against leverage amid $1.2 billion in liquidations last week. “Now is not the time,” he said, urging prudence as “sharks” hunt forced sales. Under Lee, BitMine has amassed 3.5 million ETH ($12.5 billion), representing 2.9% of circulating supply, including 110,288 ETH added last week—a 34% spike…
Author: Sazid Kabir
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Binance Coin (BNB) slipped below the $940 mark, trading at $937.67, despite a modest 0.47% gain over the past 24 hours. The broader crypto market remains volatile after last week’s sell-off, with Bitcoin hovering around $96,600 and dragging altcoins like BNB into consolidation. BNB briefly pushed above $940 at $940.39 earlier Sunday, but selling pressure returned as traders eyed support near $930–$935. Over the past seven days, BNB is down 5.6%, slightly underperforming the global crypto market’s 2.5% drop, yet holding above its November low of $888.81. Daily trading volume is $1.79 billion, indicating fading distribution and potential early accumulation.…
Notorious crypto whale ‘Maji Dage’—the alias of Taiwanese rapper-turned-trader Huang Licheng—has increased his leveraged Ethereum position by 200 ETH in the past hour, bringing the total stake to $24.77 million. Despite an unrealized loss of $1.66 million, Huang is doubling down as ETH trades near $3,165. The position carries 25x leverage, with a liquidation price at $3,047, according to Hyperbot monitoring data. This move follows a pattern of aggressive accumulation: just a week ago, he expanded another ETH long to 3,850 ETH valued at over $13 million. Huang has a history of high-stakes derivatives trading on platforms like Hyperliquid, balancing…
Bitcoin may be cheaper than many investors realize, according to a popular energy-based valuation method. This approach measures the cost of electricity used by miners to produce each coin. Mining Bitcoin requires powerful computers and large amounts of electricity. When energy costs are high, mining can become unprofitable. The energy-based valuation method estimates Bitcoin’s “fair value” by looking at these mining costs. Capriole Investments, which uses this model, suggests Bitcoin should be priced around $175,400. The current price is about 70% lower, indicating the cryptocurrency may be undervalued. Historically, Bitcoin’s market price tends to align with mining costs within about…
Millennials and Gen Z are both active in cryptocurrency investing, but their portfolios and attitudes show clear differences. Experts say each generation’s approach is shaped by its experiences, comfort with technology and views on financial risk. Different Mindsets Millennials entered the investing world before crypto became mainstream. They have seen stock market cycles, economic slowdowns and early volatility in digital assets. This history makes them more careful. Ashish Singhal, co-founder of CoinSwitch, said Millennials “look for alpha from cryptos in a balanced and diversified portfolio.” For them, crypto is one part of a wider long-term plan. Gen Z investors, on…
American Bitcoin, a crypto mining and holding company backed by two of U.S. President Donald Trump’s sons, reported a third-quarter profit after strong revenue growth and wider margins. The company said its revenue rose to $64.2 million in the three months ended 30 September, up from $11.6 million a year earlier. Net income reached $3.5 million, compared with a loss of $0.6 million in the same period last year. Growing Bitcoin Holdings American Bitcoin has also expanded its digital asset reserves. Co-founder Eric Trump said the company added more than 3,000 bitcoins since its Nasdaq debut. As of 5 November,…
Iran is exploring the use of cryptocurrencies to settle international trade, including with India and other BRICS nations, in an effort to reduce the impact of U.S. and UN sanctions, according to senior officials and business leaders. The push comes after France, the UK, and Germany triggered a “snapback mechanism” in August 2025, reinstating international sanctions over Iran’s alleged nuclear activities. Iran has also been cut off from the U.S.-controlled SWIFT payment system for years, limiting its ability to participate in global finance. Officials Promote Crypto for Trade At the deBlock Summit, Iran’s first international blockchain conference, Parliament Speaker Mohammad…
A former sound engineer for rapper Eminem has been charged with stealing the artist’s unreleased music and selling it for Bitcoin, federal prosecutors said on Wednesday. Prosecutors allege that Joseph Strange, 46, sold 25 unfinished Eminem songs to a Canadian buyer he met online. The complaint states that the buyer paid about $50,000 in Bitcoin for the tracks. Strange previously worked at Effigy, Eminem’s Michigan-based music studio, between 2007 and 2021. According to court documents, studio employees discovered that unreleased music by Eminem had appeared on online platforms, including YouTube and Reddit. The discovery led to an FBI investigation. Strange’s…
Bitcoin given to graduates of Jay-Z and Jack Dorsey’s Bitcoin Academy has increased sharply in value, rising 396 percent in three years. Each participant who received about $1,000 worth of Bitcoin in 2022 now holds digital assets worth roughly $4,960. The Bitcoin Academy launched in June 2022 as a free 12-week program for residents of the Marcy Houses public housing complex in Brooklyn, where Jay-Z grew up. The program taught basic cryptocurrency skills, including how to set up wallets, make peer-to-peer transactions, and understand Bitcoin’s role in financial independence. It was funded by the Shawn Carter Foundation and Dorsey’s company…
Rapper Kodak Black has launched his own cryptocurrency, giving fans access to exclusive music and behind-the-scenes content. The digital token, called $YAK Coin, was released on Tuesday in partnership with the music platform Audius. The coin functions as a blockchain-based fan club. Holders will receive benefits such as unreleased tracks, music stems, and special material curated by the artist. Audius says the project is part of its wider plan to let musicians create branded digital currencies that reward fan engagement. Kodak Black, whose real name is Bill Kapri, has been working to reshape his public image after years of legal…