Extreme fear still dominates crypto trading; the Crypto Fear and Greed gauge rose to 18 today, only slightly above last week’s low readings around 10, which marked the deepest stress since the index appeared. Bitcoin is currently trading above the $90,000 level, marking a 4% increase over the past day. It moves around liquidation zones rather than fresh territory, with outflows from some structured products and concern over global growth still shaping decisions in major venues. Within that backdrop, most ...

WazirX has introduced WazirX Zero, a new subscription-based trading model that removes per-trade fees entirely. Announced on Nov. 26, the model allows users to trade unlimited volumes across more than 300 tokens for a fixed monthly charge of INR 99 (roughly $1). Founder Nischal Shetty said the shift “resets the relationship” between exchanges and users by eliminating fee pressure on every order. A new model for India’s crypto traders According to the company, the traditional percentage-based fee struct ...

Core Insights - Portofino Technologies, a crypto trading firm, is experiencing significant staff turnover, including the recent departures of its Chief Revenue Officer and Chief of Staff [1][2][4] - The company has faced challenges in retaining key personnel, with multiple senior staff members leaving in recent months [4] - CEO Leonard Lancia has disputed the characterization of these departures as unilateral resignations, indicating a more complex situation [3] Staff Departures - Chief Revenue Officer Melchior de Villeneuve and Chief of Staff Olivia Thurman have recently resigned from Portofino Technologies [1][2] - Other notable departures include General Counsel Celyn Armstrong and former Chief Financial Officer Mark Blackborough, who left earlier in the year [4] - The company has seen the exit of two senior developers, Olivier Ravanas and Mike Tryhorn, along with two junior developers [2] Company Background - Portofino Technologies was founded in 2021 by former Citadel Securities leaders Leonard Lancia and Alex Casimo [4] - The firm raised $50 million in equity funding in late 2022, indicating a level of investor confidence despite current staffing issues [4] - The company is exploring the possibility of opening new offices in New York and Singapore, suggesting plans for expansion [5]

Bitcoin is holding firm near $87,000 after a five-day rally restored some confidence following a bruising 30% slide from October’s highs. But analysts are cautioning that the next major breakout may not come until 2026, even as macroeconomic conditions improve and Wall Street’s appetite for riskier assets is growing. “Bitcoin has been struggling to reclaim the $90,000 level for far longer than most market participants expected,” Koinly CEO Robin Singh told DL News. He said the market is drifting into it ...

Core Insights - Bitcoin (BTC) has rallied 1.8% to $87,250, indicating a potential recovery from recent negative sentiment and price predictions [1] - The overall market sentiment appears to be shifting, with altcoins like SUI, ENA, BONK, and CC experiencing gains of over 8% as investors seek speculative assets [1] - Despite short-term gains, the long-term outlook for Bitcoin and Ether (ETH) remains bearish, characterized by a series of lower highs and lower lows since early October [2] Market Dynamics - The recent rally in the crypto market is correlated with the performance of U.S. equities, particularly the Nasdaq Composite Index, which saw its largest daily gain since May [2] - BTC's 30-day implied volatility index (BVIV) has decreased from 65% to 55%, indicating reduced expected price turbulence, although it remains high historically [5] - In the derivatives market, BTC put skews indicate ongoing downside concerns, while ETH options show bullishness beyond August 2026 [5] Trading Activity - Renewed interest in the $100K call option for BTC has increased its notional open interest (OI) to $2 billion, matching the $85K and $80K put options [5] - The altcoin market is showing signs of recovery, with tokens like SUI and ENA rising over 11% after a week of declining prices [5] - ETH has gained 3.3% in the past 24 hours, with trading volume increasing by 13% to $27.3 billion, although it has lost over 25% of its value in the past month [5] Sector Performance - The average crypto Relative Strength Index (RSI) is at 50.34, indicating indecision amid negative sentiment and strong price action [6] - Privacy coins like Zcash (ZEC) and DASH are lagging, with ZEC losing 6.6% in the past 24 hours after a two-month rally [5]

Arkham Exchange has partnered with MoonPay to integrate fiat-to-crypto on and offramps, bringing simplified funding methods to the exchange’s userbase. Users with access can deposit funds to the Arkham Exchange via all of the payment methods supported by MoonPay, including credit and debit cards, bank transfer, Apple Pay, Google Pay and more, to purchase tokens on the exchange. According to a Nov. 21 press release, the integration is available immediately to all KYC-verified users on the Arkham platform. ...

Market Overview - The crypto market experienced a significant decline, with Bitcoin (BTC) and Ether (ETH) both dropping approximately 10% within 24 hours, trading around $82,200 and $2,700 respectively [1] - The altcoin market suffered even more, with several tokens plummeting by as much as 20%, leading to a 10% drop in the CoinDesk 20 Index (CD20) and a 12% loss in the CoinDesk 80 Index [1] Liquidity Crisis - The sell-off was partly attributed to a liquidity crisis stemming from an earlier sell-off and liquidation event in October, which has left the market vulnerable to further price volatility [2] - U.S. equities also faced declines, with the Nasdaq 100 trading 9.4% below its record high from October 31 [2] Derivatives Positioning - Bitcoin's 30-day implied volatility index (BVIV) surged to over 64%, while the Ether volatility index reached 87%, indicating heightened market uncertainty and increased demand for options [4] - Bitcoin's open interest (OI) fell sharply from 752K BTC to 700K BTC in a single day, as the price drop forced out bullish leverage bets [4] - A notable trend was observed where put options dominated the BTC and ETH options market, with put spreads making up 46% of BTC's total block flow in the past 24 hours [4] Altcoin Market Performance - The altcoin market faced severe losses, with tokens like Injective (INJ), Near (NEAR), Ether.fi (ETHFI), Aptos (APT), and Sui (SUI) losing between 16% and 18% of their value in 24 hours [4] - The Fear and Greed Index reached a low of 11/100, the lowest since its recording began in June 2023, reflecting extreme market fear [4] Trading Activity - Despite the overall market downturn, some traders capitalized on opportunities, with two traders reportedly making $1.3 million by purchasing the creator coin JESSE at its deployment [4]

Coinbase working on Polymarket and Ondo rival. Source: Getty Images. Key Takeaways Coinbase appears to be developing a Polymarket-style prediction market and a platform for tokenized stocks. Researcher Jane Manchun Wong uncovered the hidden interfaces before they were removed. The features align with Coinbase’s previously stated goal of building a “Super Web3 app.” In an unexpected find that set Crypto Twitter buzzing, independent researcher Jane Manchun Wong uncovered evidence that Coinbase is q ...

Core Viewpoint - Bullish, a crypto trading platform backed by Peter Thiel, reported strong Q3 earnings but saw its stock price decline despite beating revenue estimates [1][8]. Financial Performance - Adjusted revenue for Q3 was $76.5 million, exceeding Wall Street's estimate of $71.2 million [2]. - Earnings per share (EPS) of $0.10 met analyst expectations [2]. - Digital asset sales reached $41.6 billion, with adjusted transaction revenue at $26.7 million and adjusted net income of $13.8 million [7]. Business Developments - Bullish launched U.S. spot trading and crypto options trading with 14 leading trading partners during the last quarter [4]. - The options product surpassed $1 billion in trading volume [4]. - The company signed notable institutional clients and expanded liquidity services partners significantly [3]. Future Outlook - For Q4, Bullish expects subscription, services, and other revenue to be between $47 million and $53 million, with adjusted operating expenses projected at $48 million to $50 million [5]. - The company is experiencing strong momentum heading into the fourth quarter [3].

Funding and Valuation - Kraken secured $200M from Citadel Securities, valuing the exchange at $20B [1] - Kraken completed a $600M raise at a $15B valuation weeks prior [1] - Total new capital raised amounts to $800M, positioning Kraken for a public listing [1][3] Strategic Initiatives - Citadel Securities plans to collaborate with Kraken on liquidity provision, risk management, and market structure analysis [2] - Kraken aims to expand its derivatives offerings, add institutional tools, grow staking products, and introduce new payment services [4] - Kraken is expanding into Latin America, Asia-Pacific, and EMEA [3] - Kraken is targeting a public listing in 2026 and is reportedly working with Morgan Stanley and Goldman Sachs [3] Business Growth - Kraken generated $1.5B in revenue last year and surpassed that figure by Q3 2025 [2] - Kraken built a vertically integrated stack covering custody, clearing, settlement, and wallets [3] - Kraken acquired NinjaTrader to enter U S futures, rolled out tokenized equities, and launched KRAK, a global app for payments and trading [4]