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BONK ETP Debut and Whale Activity Hint at Imminent Breakout for Memecoin

Cryptonite UAE

Bitcoin Capital, a key issuer on the SIX Exchange, is set to launch a BONK Exchange-Traded Product (ETP) on November 27th. This debut will offer EU investors 1:1 exposure to the memecoin, potentially driving a spike in trading volume and activity for BONK. Market Context: The news comes as BONK is consolidating near the apex … Read more

NYSE Approves Grayscale Dogecoin and XRP ETFs, Paving the Way for Monday Launch

Cryptonite UAE

The New York Stock Exchange (NYSE) has certified the listings for Grayscale’s Dogecoin ($DOGE) and XRP ($XRP) exchange-traded funds (ETFs), allowing both products to launch on Monday. Key Details of the Approval: Approving Body: NYSE Arca, a subsidiary of the NYSE Group, certified the listing and registration for the Grayscale XRP Trust ETF Shares and … Read more

Shiba Inu’s Long Road Ahead: Forecast Projects Modest Growth and Continued Price Struggle

Cryptonite UAE

The article highlights Shiba Inu’s (SHIB) poor performance throughout 2025, describing it as a “losing battle” against heavy market stress, resulting in the token being one of the weakest major cryptocurrencies. Instead of deleting zeroes as holders hoped, the price has generally been grinding lower, dampening community enthusiasm. Long-Term Outlook Remains Cautious According to a … Read more

Anchorage Digital Expands Institutional DeFi Offering with Hyperliquid HYPE Staking

Cryptonite UAE

Anchorage Digital, the federally chartered crypto bank, has significantly broadened its support for the Hyperliquid ecosystem, catering to growing institutional demand for DeFi and yield-generating services. Key Highlights: Expanded Hyperliquid Support: Anchorage now offers HYPE staking on HyperCORE, complementing its existing HYPE custody services on HyperEVM. Staking Access:Staking services, which involve locking crypto to secure … Read more

Saylor Rejects Index Exclusion Fears, Highlights Strategy’s Operating Model

Cryptonite UAE

Strategy co-founder and Executive Chairman Michael Saylor on Friday dismissed concerns that the company might be dropped from key equity indices, like those from MSCI, which influence professional investors. Saylor, in a post on X, stressed that Strategy is “not a fund, not a trust, and not a holding company.” He emphasized that the firm … Read more

Tether Identified as Major New Driver Behind Gold Price Surge

Cryptonite UAE

Investment bank Jefferies suggests that the recent significant surge in gold prices cannot be fully explained by traditional market factors. Instead, they point to Tether, the issuer of the largest stablecoin (USDT), as a major new source of demand. Key Findings on Tether’s Gold Accumulation: Substantial Holdings: Based on attestation data and on-chain activity, Jefferies … Read more

Kyrgyzstan Launches Gold-Backed, Dollar-Pegged Stablecoin: USDKG

Cryptonite UAE

The government of Kyrgyzstan has officially launched USDKG, a new stablecoin pegged to the U.S. dollar and backed by physical gold reserves. Key details of the launch: Issuer: OJSC “Issuer of Virtual Assets,” a fully state-owned company. Initial Minting: 50 million USDKG tokens were minted on the Tron blockchain, with each token equal to one … Read more

Double the Doge: 21Shares Launches 2x Leveraged ETF as FalconX Acquisition Closes

Cryptonite UAE

21Shares has launched the 21Shares 2x Long Dogecoin ETF (TXXD) on Nasdaq (November 20, 2025), a product designed to deliver 200% of Dogecoin’s daily performance before fees. This highly volatile fund gives traders an intense way to speculate on the popular meme coin using a traditional exchange-traded product. The launch is significant because it coincides … Read more

Zcash Rallies Independently as Negative Correlation with Bitcoin Strengthens

Cryptonite UAE

Zcash (ZEC) has experienced a significant price surge in recent weeks, driven by a broader demand for privacy coins and a unique market behavior: it has effectively decoupled from Bitcoin. While Bitcoin has faced volatility and recent declines, Zcash has maintained upward momentum by moving independently of the market leader. Key Drivers of Growth Negative … Read more

SEC’s Selway: Bridging the Gap Between “Trustless” Tech and Financial Stability

Cryptonite UAE

At the SIFMA Market Structure Conference on November 20, 2025, Jamie Selway, the head of the SEC’s Division of Trading and Markets, delivered a pivotal message regarding the integration of digital assets into the financial mainstream. He framed the current crypto debate not merely as a technological shift, but as a fundamental question regarding the … Read more

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