PANews reported on November 25 that Evgeny Gaevoy, founder of Wintermute, commented on the "large BTC and ETH transfer from BlackRock to Coinbase," saying, "This is actually a very lagging indicator. The sell-off had already occurred in the ETF. The same often happens with on-chain transfers by market makers."



While Silicon Valley dominates Web2, emerging markets like the UAE and Singapore lead DePIN adoption with better regulations and real infrastructure needs. Opinion by: Yanal M. Hammouda, head of market expansion at WingbitThe decentralized physical infrastructure network (DePIN) sector saw $150 million of capital flow during Q1 2025, with a projected market size of $3.5 trillion by 2028. Yet the most significant development isn’t the capital raised but where these networks operate. Emerging markets like the Middle East, Southeast Asia and South America — rather than Silicon Valley — are driving the future of DePIN adoption. Read more