KLEA Crypto Daily: Friday, November 28, 2025

Published: November 29, 2025 – 00:03 UTC

Here’s a look back at the key stories from November 28, 2025.

Terminal Finance Discontinues Project Due to Converge Chain Failure

Terminal Finance has announced the discontinuation of its Terminal project, attributing the decision to the failure of the Converge chain, the project's intended ecosystem, to go live. This development rendered the project unviable, with the team ensuring that all user principal remains fully backed 1:1.

5 Signals That Drive Bitcoin in the ETF Era

Bitcoin price movements are now influenced by off-chain flows, leverage, ETF net flows, perpetual swap funding, stablecoin liquidity, and macroeconomic shocks transmitted through institutional portfolios. These factors have reshuffled the variables explaining why Bitcoin's price fluctuates, with ETF net flows emerging as a primary driver.

BitMine Adds Another $44M in Ethereum, Continues to Increase Holdings

BitMine Immersion Technologies Inc. has acquired $44 million worth of Ethereum, adding to its significant holdings. With this recent purchase, the company now holds over 3.6 million ETH, valued at nearly $10.9 billion.

Kucoin Secures MiCA License In Austria, Unlocking Access To 29 European Markets

Cryptocurrency exchange KuCoin's European subsidiary has obtained a Markets in Crypto Assets (MiCA) regulation license in Austria, enabling the platform to expand regulated digital asset services across most of the European Economic Area. This strategic milestone follows KuCoin's recent regulatory achievements, signaling a commitment to global compliance.

IMF Flags Volatility and Systemic Risks in Tokenized Markets Along with IOSCO

The International Monetary Fund has highlighted potential advantages and risks of tokenized markets, cautioning about new risks for investors. The global securities regulator IOSCO noted that while tokenization can bring efficiencies, it also introduces additional vulnerabilities that need to be addressed.

Arthur Hayes Predicts Equity Price Discovery Will Shift to 24/7 Crypto Perpetuals

Arthur Hayes, co-founder of BitMEX, foresees a structural shift in equity price discovery from traditional stock exchanges to 24/7 crypto perpetual markets. He believes that the convergence of liquidity, leverage, and regulatory support will compel older exchanges to adapt or risk losing relevance.

Avail’s Nexus Wants to Be Web3’s Execution Spine, Not Just Another Bridge

Nexus aims to unify balance across blockchains, allowing users to seamlessly move assets between chains, distinguishing itself as more than just a bridge in the Web3 ecosystem.

Crypto Bull Market Signal: ERC-20 Stablecoin Supply Preserves $185B Record

New research highlights the significance of stablecoin supply reaching all-time highs as a bullish factor for crypto prices, despite recent market fluctuations, emphasizing its impact on the market.

Crypto Industry Pledges Over $3M to Victims of Hong Kong’s Deadliest Fire

The crypto industry has come together to support Hong Kong residents affected by the city's deadliest fire in 80 years, which has tragically claimed the lives of at least 128 people. Over $3 million has been pledged to help the victims of this devastating incident.

Bitcoin Price Pauses at $92K: Can Bitcoin Avoid Another Crash?

Bitcoin's price has paused around the $92,000 mark, with the need to regain momentum through higher trading volumes to overcome the next significant hurdle at $92,000-$95,000 and potentially reach new all-time highs. Traders and investors are closely watching to see if Bitcoin can avoid another major crash.

Bitcoin's Critical Price Risk 'Flag'ged — Here’s Why a 25% Dip Could Be Possible

Bitcoin is showing a clear risk signal as it trades near $91,000, with on-chain data and derivatives positioning indicating pressure building. Traders are closely monitoring the market setup, as several indicators align in the same direction, potentially leading to faster-than-expected movements.

Bitcoin on Wall Street Will Never Be the Same After a Quiet Nasdaq Move

Nasdaq's International Securities Exchange has requested the SEC to raise the position limit on BlackRock’s iShares Bitcoin Trust options, signaling a significant step in Bitcoin's financial integration. This move signifies Bitcoin's exposure becoming large and liquid enough to operate under Wall Street's risk framework, similar to traditional assets like Apple and the S&P 500.

Bolivia to Integrate Stablecoins Into Its Banking System, Use Them as Legal Tender

Bolivia's Economy Minister announced plans to incorporate stablecoins into the country's financial services, making it one of the first nations to embrace cryptocurrency within traditional banks. This move is part of a broader modernization effort.

Global Easing Hits 35-Year High—So Why Is Bitcoin Still Flat?

Despite a 35-year high in global monetary easing, Bitcoin has not responded to the influx of capital, raising questions about when the leading cryptocurrency will react to the expansion of liquidity.

South Korean Police Officers Indicted in $186 Million Crypto-Laundering Case

Two South Korean police officers have been indicted in connection with a $186 million crypto money-laundering scheme, leading to their removal from their positions.

Sony Takes the Baton in Asia’s Entertainment–Web3 Convergence

Sony's Soneium blockchain platform partners with IRC APP to revolutionize fan engagement in Asia's entertainment industry through measurable on-chain contributions, setting a trend for Western markets.

Source: KLEA News