Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Solana ETFs inflows hit $70M despite SOL price dip

  • Solana spot exchange-traded funds saw net inflows of over $70 million on November 3, 2025.
  • The SOL spot ETF inflows hit a new daily high despite the token’s price dip.
  • Bulls target a flip to $200, but failure could push price to the psychologically important $100 mark.

While Solana price traded lower, exchange-traded funds (ETFs) tied to the token continued to attract significant investor interest.

On November 3, 2025, amid broader market uncertainties, Solana spot ETFs achieved $70 million in net inflows.

The mark was a record-breaking daily high that came as both Bitcoin and Ethereum spot ETFs witnessed notable outflows.

Solana spot ETFs see $70 million in daily inflows

Solana spot ETFs experienced a surge in inflows, reaching a new daily high of $70 million on November 3, 2025.

Meanwhile, the SOL token fell to a low of $166 on Monday and extended its decline to $155 by November 4.

Price declines reflect broader market jitters, possibly influenced by macroeconomic factors, including interest rates.

According to on-chain data, a significant number of bullish bets were liquidated amid the rot.

Despite the ongoing dip in the price of SOL, the Solana spot ETFs are seeing an influx of capital.

That’s in contrast to the trends observed in Bitcoin and Ethereum ETFs.

On November 3, Bitcoin spot ETFs recorded net outflows of $187 million, marking the fourth consecutive day of capital withdrawal.

Similarly, Ethereum spot ETFs saw $136 million in net outflows, also extending to a fourth straight day.

In comparison, Solana spot ETFs posted $70.05 million in net inflows, with this the fifth consecutive day of positive flows for the top 10 altcoin.

Inflows highlight investor confidence in Solana’s ecosystem.

A higher proportion of the inflows flowed into Bitwise’s BSOL ETF, which accounted for $66.5 million of the total. Grayscale’s GSOL saw $4.90 million.

Overall, US Solana spot ETFs have attracted a total of over $269.2 million in net inflows and over $513 million in net assets.

Solana’s ability to attract funds despite price weakness indicates a maturing investor base that prioritizes long-term potential over short-term fluctuations.

SOL price outlook

As of November 4, 2025, SOL is trading near $161, down 8% in 24 hours.

This comes as bears push it further off its recent high above $200 at the end of October.

Over the past week, the token has declined by about 20%, and by 30% in the past month amid heightened downward pressure.

This short-term downturn extends October’s downturn and threatens to wipe out gains seen between April and September.

At the time, SOL prices jumped from lows of $105 to near $250.

While bullish forecasts see SOL hitting new all-time highs before the end of 2025, cautious expectations indicate a potential retest of lower levels before bulls take control.

The post Solana ETFs inflows hit $70M despite SOL price dip appeared first on CoinJournal.

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DeFi platform Stream Finance pauses all activity after revealing $93M loss

  • Its stablecoin, Staked Stream USD (XUSD), has fallen to $0.2975, according to CoinGecko data.
  • The depegging followed a $100 million exploit on Balancer, an automated market maker.
  • Stream Finance also faced questions about TVL discrepancies with DefiLlama’s figures.

Stream Finance, a decentralised finance (DeFi) platform specialising in yield-generating strategies, has paused all deposits and withdrawals after an external fund manager reported a $93 million loss in its managed assets.

The incident has triggered scrutiny across the DeFi ecosystem, raising questions about risk exposure and transparency among platforms offering high yields through complex strategies.

The Stream Finance team confirmed the loss in an X post on Monday, saying the fund manager disclosed it a day earlier.

The project has since hired lawyers from Perkins Coie to conduct an independent investigation into the matter.

Withdrawals suspended as Stream moves to recover assets

According to Stream Finance, it is currently withdrawing all liquid assets and expects the process to be completed soon.

The team stated that periodic updates will follow as more information becomes available.

While the investigation continues, the platform has suspended withdrawals and stopped processing any pending deposits, effectively freezing user funds until clarity is reached.

Stream Finance’s statement on X read, “We are actively withdrawing all liquid assets and expect this process to be completed in the near term.”

The platform said users would be kept informed through regular updates.

Stream stablecoin XUSD loses peg

Stream Finance operates as a “recursive looping” yield-focused protocol, and it also issues a collateralised stablecoin called Staked Stream USD (XUSD).

Before the team’s public announcement, XUSD had already started to depeg from its $1 target, signalling growing concern among users.

On Sunday, community members noticed that deposits and withdrawals had been paused without prior communication from the team.

As speculation intensified, XUSD slipped below its target range, plunging to as low as $0.51, according to CoinGecko data.

At the time of writing, XUSD is currently priced at $0.2975 and is down by 76.4% in the last 24 hours, marking one of the steepest single-day declines among stablecoins this year.

XUSD
Source: CoinGecko

Omer Goldberg, founder of Labs, posted on X roughly 10 hours before Stream Finance’s official statement that XUSD had begun to depeg “materially below its target range.”

Goldberg linked the event to an over $100 million exploit on Balancer, an automated market maker platform.

The timing between the Balancer exploit and Stream Finance’s reported loss has prompted market observers to draw parallels between liquidity management vulnerabilities and asset exposure risks across DeFi platforms.

TVL discrepancies add to transparency concerns

On Friday, prior to the loss announcement, Stream Finance addressed community concerns regarding discrepancies between its total value locked (TVL) figures displayed on its website and those reported by DefiLlama.

Stream Finance explained on X that DefiLlama excluded recursive looping from its TVL calculations, stating, “DefiLlama has decided that recursive looping is not TVL per their own definitions.

We disagree with this, but to be transparent to users, the website now makes a distinction between user deposits (~$160M) and total assets deployed across strategies (~$520M).”

This clarification highlighted how variations in data methodology can create uncertainty in assessing DeFi protocol exposure.

Analysts have pointed out that mismatched reporting standards across DeFi platforms can obscure the true level of leverage in yield-generation models.

CoinDCX’s head of DeFi Ecosystem Growth, Minal Thurkal, commented that the case underlines the “critical importance of understanding exactly how protocols generate yield and the significant risks involved in complex DeFi strategies.”

She added that projects diverging from recognised metrics like DefiLlama’s TVL calculations can amplify transparency challenges for users and investors alike.

Broader DeFi implications

The Stream Finance incident comes amid growing regulatory attention to DeFi protocols and stablecoin risk management.

Depegging events, such as XUSD’s recent drop, often erode market confidence and prompt liquidity withdrawals across decentralised platforms.

As DeFi continues to expand beyond early adopters, incidents like this emphasise the fragility of complex yield structures and the urgent need for standardised transparency frameworks.

With Stream Finance’s investigation ongoing, the broader ecosystem will be closely monitoring how the project manages asset recovery and user compensation.

The post DeFi platform Stream Finance pauses all activity after revealing $93M loss appeared first on CoinJournal.

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Kraken expands regulated derivatives in Europe with Bitcoin and Ethereum collateral

  • The feature applies to more than 150 perpetual futures markets available to European users.
  • The exchange operates under MiCA and MiFID II regulations, with oversight from Ireland and Cyprus.
  • Kraken’s third-quarter revenue rose by 50% to $648 million following its acquisition of NinjaTrader.

Kraken has expanded its regulated derivatives offering in the European Union, allowing traders to use Bitcoin, Ethereum, and approved stablecoins as collateral for perpetual futures on Kraken Pro.

Announced on 3 November, the move makes Kraken one of the first licensed exchanges in Europe to support crypto-collateralised derivatives under the Markets in Crypto-Assets (MiCA) framework.

The feature strengthens Kraken’s position in Europe’s digital asset market by combining capital efficiency with regulatory compliance.

By allowing clients to post crypto assets instead of converting them into fiat, the exchange provides faster access to liquidity while remaining under strict oversight from European regulators.

Crypto as margin on Kraken Pro

European traders can now use Bitcoin, Ethereum, or select stablecoins as margin across more than 150 perpetual futures markets.

Collateral is converted to USD for liquidation and margin calculations, standardising risk management while maintaining crypto exposure.

Kraken’s operations are covered by its MiCA licence from the Central Bank of Ireland and supervision by the Cyprus Securities and Exchange Commission.

The exchange uses volatility-based margin haircuts to manage exposure to price swings. All custody arrangements comply with the Markets in Financial Instruments Directive II (MiFID II), ensuring full investor protection under European law.

The feature allows traders to access up to 10x leverage using crypto collateral. It reflects Kraken’s ongoing strategy to align its trading products with Europe’s unified digital asset rules ahead of MiCA’s full rollout in 2025.

A shift in EU derivatives

Kraken’s expansion comes at a time when Europe is tightening oversight of crypto products while promoting innovation through consistent regulation.

By offering crypto-collateralised futures under direct supervision, the exchange positions itself at the forefront of compliant derivatives trading in the EU.

The integration benefits institutional and retail traders seeking efficient and legally sound ways to trade leveraged crypto products.

Hedge funds and corporate treasuries can now operate within clear regulatory limits, signalling the increasing maturity of Europe’s digital derivatives market.

This move also strengthens the region’s financial infrastructure. Transparent liquidation procedures and regulated custody standards align digital assets with traditional financial norms, helping reduce risk and improve trust.

As other licensed exchanges follow Kraken’s lead, the EU could become a global hub for compliant digital asset trading.

Growth supports expansion

The announcement follows a strong financial quarter for Kraken. The exchange reported revenue of $648 million in the third quarter, a 50% rise from the previous quarter.

The increase was driven by higher trading volumes and new product integrations following the acquisition of NinjaTrader, a futures and forex trading platform.

This momentum underlines Kraken’s ability to grow while maintaining regulatory standards. By embedding compliance into its strategy, the company is building credibility and scale in an increasingly regulated environment.

As MiCA rules continue to take effect, exchanges that prioritise both innovation and compliance are expected to capture greater institutional interest.

Kraken’s integration of crypto collateral into a regulated derivatives framework demonstrates how digital assets can function securely within Europe’s financial system.

The development marks a shift from speculative trading to a more structured market, where transparency and protection guide participation.

For the European Union, this represents progress toward establishing a regulated, sustainable, and globally competitive digital asset economy.

The post Kraken expands regulated derivatives in Europe with Bitcoin and Ethereum collateral appeared first on CoinJournal.

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BitMine doubles down on Ethereum as ETH holdings hit 3.4 million

  • BitMine buys 82,353 Ethereum tokens as holdings reach 3.4 million.
  • Crypto and cash treasury stands at $13.7 billion.
  • BitMine hits 2.8% of the targeted 5% of the Ethereum supply.

BitMine Immersion Technologies, a leader in cryptocurrency mining and advanced cooling solutions, has significantly bolstered its position in the digital asset space.

The company has revealed a substantial increase in its Ethereum (ETH) reserves.

BitMine ETH holdings hit 3.4 million

BitMine’s increasing commitment to Ethereum is again evident following another buy-the-dip move.

Despite price declines, the publicly-listed company has bumped up its holdings to become the world’s second-largest corporate treasury strategy.

Thomas Lee of Fundstrat, and chairman of BitMine, noted:

“We increased our cash holdings to $389 million (from $305 million) and acquired 82,353 ETH tokens over the past week pushing our ETH holdings to 3.4 million, or 2.8% of the supply of ETH. We are now more than halfway towards our initial pursuit of the ‘alchemy of 5%’ of ETH.”

BitMine now owns 2.8% of the ETH supply, a milestone that sees the company surpass the halfway mark of the targeted 5%.

BitMine has amassed its ETH holdings strategically over the past several months, capitalising on ETH’s low price and growing ecosystem.

When combined with its Bitcoin reserves of 192 BTC valued at $62 million, and cash of $389 million, BitMine’s overall crypto and cash holdings have surged to $13.7 billion.

Interest in ETH is growing

BitMine is among a growing number of publicly listed firms shifting away from their traditional operations, including cryptocurrency mining, as they diversify in response to broader digital asset adoption.

Wall Street has seen a marked increase in such pivots, with several companies aiming to emulate the approach that established Strategy as the world’s leading corporate crypto treasury.

Analysts note that BitMine’s move, along with similar strategies by peers, reflects rising institutional interest in the sector.

The approval of Ethereum exchange-traded funds in 2024 has drawn billions of dollars into the asset, while corporate treasury strategies — particularly those involving staking in tokens like ETH and SOL — have emerged as the next phase in the digital asset expansion.

BitMine’s milestone reinforces Ethereum’s enduring appeal, potentially setting a benchmark for peer firms eyeing similar diversification.

And Lee says the recent price dip offered a reset that could prove key for the Ethereum price.

“Crypto suffered its largest ever liquidation event on October 10th, and open interest on ETH (per coinalyze.net fell -45% in the past 8 weeks (the largest ever decline in the history of ETH). This reset is healthy and sets the stage for price and fundamentals to eventually converge,” Lee stated.

Ethereum’s price hovered at $3,622 on November 3, 2025, down 6% in the past 24 hours and 14% in the past week.

The post BitMine doubles down on Ethereum as ETH holdings hit 3.4 million appeared first on CoinJournal.

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Bitcoin holds $110k as cautious calm returns to crypto markets

  • Bitcoin is trading steadily around $110,300 as markets consolidate.
  • Traders have largely paused adding new risk after the recent Fed meeting.
  • Bitcoin dominance has risen to approximately 60% of the total crypto market.

With Bitcoin holding steady above the key $110,000 level as traders consolidate positions and reassess risk following last week’s hawkish signals from the US Federal Reserve, a cautious calm settled over cryptocurrency markets at the start of the week.

While the market has stabilized after a volatile period, underlying data from the derivatives and credit markets suggests that a “wait-and-see” approach is now the dominant strategy, with investors looking for a fresh catalyst to dictate the next major move.

As the business week began in Hong Kong, Bitcoin was trading around $110,300, while Ether held near $3,880. Both assets remain down significantly over the past 30 days, by 10% and 14% respectively.

According to market maker FlowDesk, clients have largely “paused adding new risk” after the Fed meeting, with market activity dominated by short-term trading and portfolio rebalancing.

Despite the caution, FlowDesk noted that traders showed net buying in tokens with strong underlying fundamentals like BTC, HYPE, and SYRUP, even as Solana-linked assets lagged.

This deleveraging has left many traders “underexposed if the market rebounds,” suggesting a cleaner market position, the firm wrote.

Fear lingers in the derivatives market

While spot markets appear calm, the derivatives space still shows signs of fear. According to CoinGlass data, approximately $155 million in crypto derivatives were liquidated in the past 24 hours.

The split, with $97 million in long positions and $58 million in shorts being wiped out, points to a moderate flush of overleveraged bullish bets rather than broad panic selling.

FlowDesk observed “elevated put skew and lingering caution despite calmer volatility,” indicating that traders are still buying downside protection.

This cautious positioning, dominated by put buying and call selling, could present an opportunity if the market stabilizes.

“Cheap risk reversals could appeal if spot markets stabilize,” FlowDesk wrote, adding that volatility will likely “drift lower into year-end.”

Gold holds gains despite hawkish Fed

In the broader macroeconomic picture, gold is holding onto its recent gains despite headwinds from the Fed.

The precious metal closed Friday at about $4,003 per ounce, posting a 3.7% gain in October for its third consecutive monthly rise.

Despite hawkish comments from the Federal Reserve and a stronger dollar that have reduced the odds of a December rate cut, haven demand for gold remains strong.

Persistent geopolitical tensions and ongoing U.S. fiscal uncertainty have continued to support the metal’s appeal as a stable asset.

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