📽 It’s time for another weekly crypto roundup!
Matt Zahab and Rachel Wolfson are back with Episode 70, breaking down the latest crypto headlines.
Don’t miss out — tune in now!👇
📌 Price Action
📌 U.S. Government Shutdown Relief Lifts BTC Above $105k, ETF Outflows Persist
Risk appetite improved after Washington moved toward ending the federal shutdown, and crypto rose with the shift in tone. The Senate cleared a procedural hurdle on a funding package that would restore agency operations and provide back pay if enacted. Reuters reported the advance on November 10, 2025.
Bitcoin reclaimed levels north of $105,000 on relief buying while sentiment gauges stayed cautious, with the Crypto Fear & Greed Index lodged in the “fear” zone. The split between price and mood captures a market reacting to policy progress yet still managing damage from recent drawdowns.
📌 U.S. Government Shutdown Will End This Week, 88% of Polymarket Bettors Predict
President Trump has signed a bill to fund the government, bringing a close to the longest government shutdown in history, one that saw millions of Americans affected and ended with little political gain.
The majority of Polymarket bettors predicted that the U.S. government shutdown would end sometime between November 12 and 15, a poll on the decentralized prediction market shows.
According to the poll titled “When will the Government shutdown end?” 88% of participating Polymarket bettors believe the U.S. government shutdown will come to an end on Friday at the latest. - Bettors were correct and we can’t wait to see how the reopening of the US government will impact the crypto market in the coming weeks.
📌 Samurai Wallet Developer Keonne Rodriguez Receives Maximum Sentence For Crypto Crime
Samourai Wallet developer Keonne Rodriguez was sentenced to five years in federal prison on Thursday for operating a crypto-mixing service that laundered over $200 million in illicit funds. Rodriguez, who apologized in court, was also ordered to pay $250,000 and will surrender to authorities on December 19.
Defense: He lived in a $250,000 home in Harmony, PA unlike SBF. He's an engineer. He's a warm family man.
📌 Bank of England Proposes £20,000 Cap on Stablecoin Holdings
Bank of England proposes £20,000 individual caps on systemic stablecoin holdings to prevent deposit outflows from commercial banks, drawing industry criticism for restricting adoption compared to US regulatory approach.
Introducing temporary limits of £20,000 for individuals and £10 million for businesses holding systemic stablecoins.
Deputy Governor Sarah Breeden defended the restrictions as necessary to prevent rapid deposit outflows from commercial banks that could threaten credit availability, while promising that the caps would be removed once the transition no longer posed a risk to the UK economy.
📌 Ledger Plans Fundraise, Weighs New York Listing Amid Record Demand for its Crypto Wallets
Ledger is planning a New York listing or private fundraise next year as demand for crypto security devices reaches record highs. The company’s 2025 revenues hit triple-digit millions, securing about $100 billion in Bitcoin for customers worldwide.
Rising crypto thefts exceeding $2.1 billion this year are driving investors toward Ledger’s cold storage wallets for safer asset protection.
📌 Willy Woo Urges Bitcoin Holders to Migrate from Taproot Before Quantum Era
On-chain analyst Willy Woo issued a guide urging Bitcoin holders to move coins from Taproot addresses to older formats that conceal public keys behind cryptographic hashes, warning that quantum computers could compromise exposed keys as the technology matures.
The Bitcoin community remains divided over the urgency and effectiveness of migration strategies as quantum computing timelines compress toward the late 2020s.
📌 Coinbase Leaves Delaware, Reincorporates in Texas as State Rivalry Heats Up
Coinbase has announced plans to leave Delaware and reincorporate in Texas, a move Chief Legal Officer Paul Grewal described as a strategic decision to align with the company’s long-term vision for new product development and regulatory efficiency.
The decision marks a rare departure from Delaware, long considered the premier corporate domicile in the U.S. for its business-friendly laws and established judicial framework. Coinbase’s shift shows a growing trend of companies exploring alternative states offering more agile or tech-forward regulatory environments.
📌 ZEC Price Prediction: Winklevoss Twins Launch World’s First Zcash DAT as Privacy Demand Hits Record Highs
Zcash is trading at $460-472 following wild volatility that saw the token surge to $723 before plunging 37% to current levels.
Earlier today, the Winklevoss twins launched the world’s first Digital Asset Treasury focused on ZEC through newly rebranded Cypherpunk Technologies, formerly Nasdaq-listed Leap Therapeutics.
The Cambridge biotechnology firm secured a $58.88 million private placement led by Winklevoss Capital, immediately deploying $50 million to purchase 203,775 ZEC at an average price of $245.
📌 Circle Reports $214M Q3 Profit as USDC Circulation Surges 108% to $73.7B
Circle Internet Group, Inc. (NYSE: CRCL) reported a strong third quarter for fiscal year 2025, with USDC circulation reaching $73.7 billion, up 108% year-over-year.
The surge in stablecoin usage drove total revenue and reserve income to $740 million, marking a 66% increase from the same period in 2024.
Net income climbed 202% to $214 million, while adjusted EBITDA rose 78% to $166 million, reflecting Circle’s operating efficiency and growing scale. Average USDC in circulation rose to $67.8 billion, up 97% from last year, despite a slight drop in reserve return rates due to lower yields.
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