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Quantum computers could threaten much more than just Bitcoin, but developers behind the surging Zcash say they aren’t panicking. Here’s why. 🔗 Source 💡 DMK Insight So, quantum computing is back in the spotlight, and here’s why that matters for crypto traders: the potential threat to cryptographic security could shake the foundations of several cryptocurrencies, not just Bitcoin. While Zcash developers are staying calm, the reality is that any significant advancements in quantum computing could render current encryption methods obsolete, impacting the entire market. Traders should be aware that this isn’t just a theoretical concern; it could lead to a shift in how cryptocurrencies are valued and traded. Look at the broader context: as quantum technology progresses, assets relying on traditional cryptography might face increased volatility. Zcash’s response indicates a proactive approach, but it also highlights a potential divergence in market sentiment. If other projects don’t adapt, we could see a flight to safety into more quantum-resistant assets. Keep an eye on developments in quantum computing and any announcements from crypto projects regarding their security measures. Watch for price reactions in Zcash and Bitcoin, especially if any major breakthroughs in quantum tech are reported. This could be a pivotal moment for the crypto space, so stay alert. 📮 Takeaway Monitor Zcash and Bitcoin closely for volatility as quantum computing developments unfold; any breakthroughs could shift market sentiment dramatically.
What Is a Layer-1 Blockchain? The Base Layer Powering Bitcoin and Crypto
Layer-1 blockchains are the base networks that secure and record every crypto transaction, powering Bitcoin, Ethereum, and beyond. 🔗 Source 💡 DMK Insight Ethereum’s current price at $2,771.69 is a crucial pivot point for traders: Layer-1 blockchains like Ethereum are under scrutiny as they face scalability and transaction cost challenges. With ETH hovering around this level, traders should watch for a breakout above $2,800 or a drop below $2,700. A sustained move above $2,800 could signal renewed bullish momentum, potentially attracting institutional interest. Conversely, a dip below $2,700 might trigger stop-loss orders and lead to further selling pressure, impacting not just ETH but also related assets like DeFi tokens that rely on Ethereum’s network. Here’s the thing: while mainstream narratives focus on Ethereum’s upgrades, many traders overlook the implications of network congestion and gas fees on price action. If transaction costs remain high, it could deter new users and investors, creating a bearish sentiment. Keep an eye on the daily trading volume and network activity as indicators of market health. In the coming days, the $2,800 resistance and $2,700 support levels will be critical to monitor for potential trading opportunities. 📮 Takeaway Watch for Ethereum to break $2,800 for bullish momentum or fall below $2,700 to signal potential selling pressure.
Satoshi Nakamoto's Bitcoin Wealth Falls By $41 Billion, Now Poorer Than Bill Gates
Satoshi Nakamoto’s Bitcoin-based net worth took a heavy hit as BTC dropped more than 30% from its all-time high set in October. 🔗 Source 💡 DMK Insight Bitcoin’s drop to $86,120 is more than just a number—it’s a signal that traders need to reassess their positions. A 30% decline from its all-time high indicates significant volatility, and this could be a pivotal moment for both short-term and long-term strategies. Traders should watch for support levels around $80,000, which could act as a psychological barrier. If BTC fails to hold above this level, we might see further selling pressure, potentially dragging it down to the $75,000 range. This situation could also ripple through correlated assets like Ethereum, which often follows Bitcoin’s lead. On the flip side, if BTC manages to bounce back and reclaim the $90,000 mark, it could signal renewed bullish sentiment, attracting both retail and institutional investors. Keep an eye on trading volumes and market sentiment indicators to gauge the strength of any potential recovery. 📮 Takeaway Watch for Bitcoin to hold above $80,000; a failure here could lead to further declines, while reclaiming $90,000 may signal a bullish reversal.
Why This Billionaire Collector Continues to Buy NFTs in 2025
Businessman Adam Weitsman recently doubled down on NFTs with a record Meebits purchase, and says he’s never sold an NFT—and doesn’t plan to. 🔗 Source 💡 DMK Insight Weitsman’s commitment to holding NFTs signals a potential shift in market sentiment towards long-term value. His recent Meebits acquisition at a record price could indicate a bullish outlook on the NFT space, especially as SOL and ADA show signs of recovery. For traders, this could mean increased interest in NFTs, leading to a ripple effect on related assets. If SOL maintains its current level around $129.74, it could attract more investors looking for exposure to the NFT market, especially if they see strong performance in the broader crypto landscape. Watch for any significant price movements in SOL or ADA that could correlate with NFT market trends, as these could provide actionable insights for entry or exit points. Keep an eye on the upcoming NFT drops or events that might influence trading volumes and sentiment in the space. 📮 Takeaway Monitor SOL’s performance around $129.74 and ADA at $0.41 for potential impacts on NFT trading sentiment and related asset movements.
Coinbase crypto exchange executes internal wallet migration
The crypto exchange said the planned internal migration is a normal, “best practice” in the industry to maintain cybersecurity standards. 🔗 Source 💡 DMK Insight So, a crypto exchange is migrating internally to boost cybersecurity—here’s why that matters right now. While this might sound like standard procedure, it highlights the increasing focus on security in a market still reeling from hacks and breaches. Traders should be aware that such migrations can lead to temporary disruptions in trading activity, which could create volatility in the short term. If the exchange faces any hiccups during this process, it could impact liquidity and trading volumes, potentially leading to price swings in related assets. Keep an eye on how this affects user sentiment and trading behavior, especially if the exchange is a major player. On the flip side, if the migration goes smoothly, it could bolster confidence in the exchange and attract more users, which might positively influence trading volumes and prices in the longer term. Watch for any updates from the exchange regarding timelines and potential impacts on trading operations. 📮 Takeaway Monitor the exchange’s migration timeline closely; any disruptions could lead to short-term volatility in crypto prices.
Cardano suffers temporary chain split from code bug, but ADA hangs on
The Cardano blockchain network suffered a temporary chain split on Friday due to an old software bug triggered by an abnormal transaction. 🔗 Source 💡 DMK Insight Cardano’s recent chain split highlights vulnerabilities that could shake trader confidence. This incident, caused by an old software bug, raises questions about the network’s stability and reliability. For traders, this means potential volatility in ADA prices as sentiment shifts. If the market perceives this as a systemic issue, we could see a sell-off, especially if ADA breaks below key support levels. Keep an eye on the daily charts; a sustained drop could trigger further bearish momentum. On the flip side, if the team addresses the bug swiftly and transparently, it might restore confidence and lead to a rebound. Watch for any updates from Cardano’s developers, as their response will be crucial in shaping market sentiment in the coming days. 📮 Takeaway Monitor ADA closely; a break below key support could signal increased selling pressure, while swift fixes may restore confidence.
Grayscale calls Chainlink the ‘crictical connective tissue’ of tokenized finance
Grayscale says Chainlink will anchor the next phase of blockchain adoption, positioning LINK as the core infrastructure powering tokenization. 🔗 Source 💡 DMK Insight Grayscale’s endorsement of Chainlink as a key player in blockchain adoption is a game changer. LINK’s role in powering tokenization could attract institutional interest, especially as the market looks for reliable infrastructure amid regulatory uncertainties. This could lead to increased trading volume and price volatility. Traders should keep an eye on LINK’s support levels, particularly if it holds above recent lows, as a sustained rally could signal broader market confidence. However, it’s worth questioning if this hype is sustainable or just another fleeting trend. The real test will be whether LINK can maintain its momentum against other altcoins, especially in a market that’s still reacting to macroeconomic factors. Watch for LINK to break above its recent resistance levels to confirm bullish sentiment, and keep an eye on how institutional players respond to Grayscale’s positioning in the coming weeks. 📮 Takeaway Monitor LINK’s price action closely; a breakout above recent resistance could signal strong institutional buying and renewed bullish momentum.
Newsquawk Week Ahead: US Retail Sales, RBNZ, UK Budget, Australian CPI, Tokyo CPI
Mon: Bank of Israel Announcement; German Ifo (Nov), US National Activity Index (Oct), Dallas Fed Manufacturing Index (Nov)Tue: PBoC MLF; US Consumer Confidence (Nov), Richmond Fed (Nov), US Retail Sales (Oct)Wed: RBNZ Announcement, UK Autumn Budget; Australian CPI (Oct), US Dallas Fed (Oct)Thu: US Thanksgiving, ECB Minutes (Oct), BoK Announcement; Chinese Industrial Profit (Oct), German GfK (Dec), EZ M3 (Oct), Consumer Confidence Final (Nov), Japanese Tokyo CPI (Nov), Industrial Profit (Oct), Retail Sales (Oct)Fri: German Import Prices (Oct), Retail Sales (Oct), Spanish Flash HICP (Nov), German Prelim. HICP (Nov), Italian Prelim. HICP (Nov), Swiss KOF (Nov), German Unemployment (Nov), Indian GDP (Q3), Canadian GDP (Q3), US Chicago PMI (Nov)US Retail Sales (Tue): The delayed US September retail sales have been rescheduled for 13:30GMT/08:30EST on Tuesday, 25th November. The headline M/M is expected to rise 0.4% (prev. 0.6%, range -0.1% to +0.6%), Ex-Autos 0.3% (prev. 0.7%, range -0.1% to 0.6%), with retail control anticipated at 0.3% (prev. 0.7%). Ex-Gas and Autos last time out came in at 0.7%. In the monthly Bank of America Consumer Checkpoint data, said total credit and debit card spending per household increased 2% Y/Y in September, vs. 1.7% Y/Y in August. Seasonally adjusted spending growth per household rose 0.2% M/M, which was the fourth consecutive monthly gain. The checkpoint survey adds lower-income households showed some spending recovery, but growth remains muted compared to middle- and higher-income groups, likely due to softer wage gains. Middle- and higher-income households have stronger wage growth, but higher-income spending is likely also benefiting from wealth effects. Once again, the retail sales data will be viewed to gauge the strength, and health, of the consumer, but is it worth remembering it is September data which has been delayed due to the US government shutdown.PBoC MLF (Tue): The PBoC stood pat on its 1-year LPR at 3.0% and 5-year at 3.5% for a sixth straight month, as expected. The decision reflects a reduced urgency for fresh easing following the US–China trade truce, despite continued signs of economic slowdown. October data showed weaker exports, retail sales, and loan growth, while the PBoC reintroduced its “cross-cyclical adjustment” (less dovish) stance in its Q3 monetary policy report. Goldman Sachs said the bank is tolerating slower credit growth and now sees a policy rate and RRR cut in Q1 2026 rather than this quarter.RBNZ Announcement (Wed): The RBNZ is expected to reduce its Official Cash Rate (OCR) by 25bps to 2.25% at its final meeting this year, according to 33 out of 36 analysts polled by Reuters, with the other three expecting a hold at 2.50%. Meanwhile, money markets assign a 98% chance of a 25bps cut and a 2% chance of a 50bps reduction. Westpac also expects a 25bps cut and a downward revision to the projected OCR track by roughly 30–35bps, implying a low of 2.20% in early 2026 and a mild easing bias for next year. The bank anticipates potential division within the committee between a 25bps and 50bps cut, while signalling more transparency in communication. Westpac said a 25bps move is justified, adding that “if a 2.25% OCR can’t do the job, neither will 2.0%,” with the weak NZD helping to rebalance demand and inflation. Westpac is also told that Governor-elect Breman will not be involved in the policy discussions.UK Budget (Wed): The main goal for Chancellor Reeves is to assure markets that this really is a “one and done” budget, plugging the black hole and providing herself with headroom that is sufficient and judged as credible. However, she must balance that with not going so far on taxation that she knocks the growth narrative. Reeves needs to plug a fiscal hole that is thought to be in the GBP 20-35bln range. She can’t feasibly do this via simply cutting spending, therefore the primary avenue available to her is taxation. Within this, she has two options, either breaking the manifesto by increasing the Income Tax rate. Or, increasing a number of smaller taxes in order to plug the gap. Recent reports indicate that, following a better set of OBR forecasts re. wages, the latter option is the base case. The exact amount Reeves needs to generate is different to determine, but she will need to provide a larger buffer than the GBP 9.9bln she had last time. Market reaction will likely hinge on the following points: fiscal rules (likely to be adhered to); degree of headroom (15-20bln exp.); how contractionary the budget is; confidence in the revenue generation of the smaller tax measures; DMO remit (FY25/26 remit will tick up, FY26/27 should be c. GBP 40bln lower); OBR forecasts (growth & inflation rate they judge the budget equates to). For the BoE, the bar for the Budget to significantly change the outlook for December, c. 80% chance of a cut, is relatively high as the MPC, and particularly Governor Bailey, are focussed on inflation prints. Specifically, the path of least resistance for Gilts is likely higher; though, any political fallout from the budget could spark a reassessment in the near term or as we approach the May local elections.Australian CPI (Wed): There are currently no expectations for Australia’s CPI release. Market pricing at this point stands at a 92% chance of a hold at the December 9th meeting, with no 25bps full cuts priced in throughout the horizon. The data will also follow the RBA’s November minutes, which highlighted a cautious, data-dependent stance amid persistent inflation pressures and a still-tight labour market. While inflation has fallen sharply since 2022, the RBA noted that both headline and underlying measures were “significantly higher than forecast in August,” partly flagged by monthly indicators. The cash rate was left unchanged at 3.60%, with the board judging policy remains “lightly restrictive” and that it could “afford to be patient” ahead of key data. According to CBA, the minutes reaffirm that the next move will depend on inflation’s persistence, while ANZ described the tone as “slightly more hawkish” than the post-meeting statement. ANZ still sees one final 25bps
Monday morning open levels – indicative forex prices – 24 November 2025
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there.Indicative rates only:EUR/USD 1.1516USD/JPY 156.57 … Japan/China tension continues to simmer, JPY is indicating a little weaker. Note, it’s a market holiday in Japan today.GBP/USD 1.3101USD/CHF 0.8084USD/CAD 1.4101AUD/USD 0.6458NZD/USD 0.5614 This article was written by Eamonn Sheridan at investinglive.com. 🔗 Source 💡 DMK Insight Monday morning liquidity is low, and here’s why that matters: thin markets can lead to erratic price movements. With EUR/USD at 1.1516 and USD/JPY at 156.57, traders should be cautious. The ongoing tension between Japan and China is putting pressure on the JPY, which could lead to increased volatility as Asian markets open. If you’re trading these pairs, keep an eye on the 1.1500 level for EUR/USD and 157.00 for USD/JPY; breaks could signal stronger trends. Remember, during low liquidity periods, even minor news can trigger significant swings, so stay alert for any developments that could impact sentiment. The real story is how geopolitical tensions might escalate, affecting not just the JPY but also broader market sentiment. Watch for any shifts in trading volume as the day progresses, as this could provide clues about market direction. 📮 Takeaway Monitor EUR/USD around 1.1500 and USD/JPY near 157.00 for potential breakout signals as Asian markets gain liquidity.
Canada and India revive stalled talks for major new trade deal
Canada and India have agreed to restart negotiations on a comprehensive trade pact, ending a two-year freeze triggered by a diplomatic dispute.Canadian Prime Minister Mark Carney and India’s Prime Minister Narendra Modi reached the breakthrough during their bilateral meeting on the sidelines of the G20 summit in Johannesburg.According to a statement from Modi’s office, the two leaders committed to reviving talks on a “high-ambition” Comprehensive Economic Partnership Agreement (CEPA) with a goal of doubling bilateral trade to USD 50 billion by 2030.Carney echoed the message in a post on X, noting that a successful deal could push trade above C$70 billion and open significantly larger opportunities for Canadian workers and businesses, given India’s status as the world’s fifth-largest economy. —A renewed Canada–India CEPA could boost flows in agricultural goods, energy, tech services and investment channels, adding medium-term support for CAD-sensitive export sectors while expanding access for Indian firms. This article was written by Eamonn Sheridan at investinglive.com. 🔗 Source 💡 DMK Insight The resumption of Canada-India trade talks could have significant implications for the crypto market, especially for ADA. With ADA currently at $0.41, traders should consider how improved trade relations might boost investor sentiment and economic stability in both nations. A stronger trade partnership could lead to increased demand for cryptocurrencies as both countries explore digital currencies and blockchain technology. Look for ADA to potentially react to any positive developments from these negotiations, especially if they coincide with broader market trends or regulatory advancements in crypto. Keep an eye on key resistance levels around $0.45 and support at $0.38, as these could dictate short-term trading strategies. If ADA breaks above $0.45, it could signal a bullish trend, while a dip below $0.38 might prompt caution among traders. However, it’s worth noting that geopolitical tensions can also create volatility. Traders should remain alert to any negative news that could arise from these discussions, which might lead to sudden price swings. Monitoring news from both governments will be crucial in the coming weeks. 📮 Takeaway Watch ADA closely around $0.45 resistance and $0.38 support as Canada-India trade talks progress—positive news could trigger bullish momentum.