Crypto News

The cycle is not over yet, major companies’ execs argue. The Bitcoin (BTC) drawdown is the result of sentiment shocks, not fundamentals, and unless it

Key Takeaways: Bitcoin stalled at $92K resistance. Volatility and ETF flows remain weak. Market expected to stay in the $70K–$100K […] The post Bitcoin Rally Loses Momentum – What Traders Should Expect Next appeared first on Coindoo.

The post China Vows To Intensify Crackdown On Crypto, Including Stablecoins, Amid Resurfacing Speculation ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp China intends to keep a tight grip on cryptocurrencies and stablecoins, reaffirming its stance that digital assets have no legal status in the country. The People’s Bank of China (PBoC), the country’s central bank, said that “virtual currency speculation has resurfaced” due to multiple factors, posing new financial risks and challenges.  “Virtual currencies do not have the same legal status as fiat currencies, lack legal tender status, and should not and cannot be used as currency in the market,” the PBoC reportedly stated in a translated statement. The PBoC also said it would “severely” clamp down on all domestic virtual currency-related business activities that qualify as illegal financial operations to “maintain the stability of the economic and financial order.” The remarks follow a meeting in Beijing on Friday, which convened representatives from the People’s Bank of China (PBOC), the Ministry of Public Security, the Central Cyberspace Affairs Commission, and 10 other agencies. Advertisement &nbsp The central bank said its crackdown on virtual currency activity, demonstrated by its blanket ban on crypto trading and mining in September 2021, has “rectified the chaos in the virtual currency market” and “achieved significant results.” Despite the 2021 ban, China recently reemerged as the world’s third-largest mining hub, with an estimated 14% share of global mining by the end of October, a recent report from Reuters indicates. Stablecoin Concerns During the meeting, the People’s Bank of China singled out stablecoins as a particular concern, stating that the tokens lack proper customer identification and anti-money laundering protections, and were being used in criminal activities. “Stablecoins are a form of virtual currency, and currently cannot effectively meet requirements for customer identification and Anti-Money Laundering, posing a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border…

Meme coins are re-emerging as major forces in the market, with Dogecoin (DOGE) and Shiba Inu (SHIB) showing renewed strength as investor sentiment improves.

The post Ether ETFs Lead Weekly Gains as Bitcoin and Solana Stay Green appeared on BitcoinEthereumNews.com. Ether ETFs roared back to life with their strongest week in a month, while bitcoin funds ended a four-week outflow streak and solana funds extended their multi-week surge. Across all three sectors, the tone shifted decisively toward accumulation. ETF Revival Week: Ether Dominates, Bitcoin Edges Up A calmer macro backdrop and renewed appetite across digital […] Source: https://news.bitcoin.com/ether-etfs-lead-weekly-gains-as-bitcoin-and-solana-stay-green/

PANews reported on December 1st that, according to CoinDesk, Wall Street brokerage Benchmark stated that the recent Bitcoin price pullback has once again raised concerns about the viability of Strategy, a major Bitcoin holder. However, the firm believes these concerns are simply noise that inevitably occurs during Bitcoin's decline. In a report released Monday, analyst Mark Palmer pointed out that critics are conflating short-term volatility with genuine solvency risks, ignoring the logic behind Strategy's balance sheet, which is designed to maximize Bitcoin leverage. Strategy holds approximately 649,870 Bitcoins (worth $55.8 billion) and is backed by $8.2 billion in ultra-low-cost convertible bonds and $7.6 billion in perpetual preferred stock. Its debt is manageable, and its corporate structure is far more robust than critics claim. The perpetual preferred stock is Strategy's core competitive advantage that distinguishes it from other digital asset holding companies. Regarding the recurring market concern about the crisis threshold, Benchmark points out that Bitcoin would need to fall to around $12,700 and remain at that low level for a substantial risk to materialize, a drop of 86%, which the firm considers highly unlikely in the current institutionally driven market. Palmer reiterated its "buy" rating on the stock and its $705 price target (based on the assumption of Bitcoin reaching $225,000 by 2026), stating that the recent pullback has not changed its view.

TLDR BYD’s November 2025 NEV sales dropped 5.2% to 480,186 units versus November 2024 The decline marks three straight months of year-over-year sales decreases for the EV maker Battery electric vehicle sales climbed 19.9% while plug-in hybrids fell 22.4% year-over-year Despite monthly drops, year-to-date sales are up 11.3% at 4.18 million units BYD exported 131,935 [...] The post BYD Stock: Three-Month Sales Slump Raises Questions About EV Demand appeared first on Blockonomi.

There’s nothing like a little competition to boost a sport, help the most talented rise to the top, and better educate the masses who want to improve their own game.  For sports, this is more about entertainment, team spirit, and a general sense of community.

THE Land Transportation Office’s (LTO) move to bar electric bicycles and tricycles from national roads is intended to improve public safety and should not be seen as an anti-poor measure, Malacañang said on Monday. Palace Press Officer Clarissa A. Castro said the planned restrictions — which President Ferdinand R. Marcos, Jr. ordered temporarily deferred — […]

THE Department of Energy (DoE) said it is optimistic that the Philippines will end the year with electric vehicle (EV) sales of 50,000 units, noting that consumer acceptance of the new technology is growing. “We’re very positive because of the numbers that we’ve seen at least as of end of September. We have more than […]