gm 17/11

Summary
gm, Crypto Fear & Greed Index fell to an extreme fear reading of 10—a nine-month low—as Bitcoin dipped below $94,000, representing a 5% weekly decline. Two significant institutional developments emerged: Harvard University made a notable $443 million investment into BlackRock's Bitcoin Trust (IBIT), positioning itself among the top 20 holders of the fund, while Alibaba announced a partnership with JPMorgan to implement blockchain technology for tokenized dollar and euro payments on its business-to-business platform. Meanwhile, Tether revealed plans to diversify its portfolio with a potential $1.16 billion investment in Neura Robotics, a German AI-powered humanoid robotics startup, even as market analysts debate whether current conditions signal a bottoming pattern for Bitcoin, with technical indicators showing a "death cross" formation historically associated with local price bottoms.

News Headlines
🔓 XRP ETF Launch Fails to Boost Token Price

• The U.S. spot XRP ETF (XRPC) launched with $58.6 million in first-day trading volume, yet XRP experienced a 4.3% decline despite this milestone regulatory development.
• The disconnect between the ETF launch and token performance highlights the complex relationship between regulatory progress and market sentiment in the current bearish environment.

📊 Is 2025 Worse Than 2022 for Crypto? Experts Offer Differing Views

• Kevin McCordic views current market conditions as a typical post-crisis consolidation phase, arguing that today's challenges are minor compared to the significant failures of 2022 like exchange collapses and credit lender implosions. He believes crypto's integration into the global financial system indicates a steady recovery ahead.
• Nic Carter presents a more bearish view, arguing that 2025 is worse due to a shift in focus toward AI and a lack of clear catalysts for price movements. He contends that diminishing buyer interest and outdated market strategies have left crypto at risk of stagnation without meaningful product adoption and value creation.

🐶 DOGE Reclaims Trendline, SHIB Tests Resistance Amid Market Volatility

• Dogecoin (DOGE) rebounded 3.0% from a significant decline, closing at $0.1641 with trading volume spiking to 613 million during the price support test, confirming institutional buying interest. The technical outlook remains cautiously bullish if it can clear the $0.1650 resistance level.
• Meanwhile, Shiba Inu (SHIB) fell 2.0%, breaking critical support before staging a V-shaped recovery. SHIB needs to reclaim the $0.000009240 level to confirm stabilization and avoid deeper declines toward $0.000008975 as the broader market faces pressure from AI bubble concerns and Bitcoin ETF outflows.

📈 Tom Lee Claims Ethereum Is Entering a Bitcoin-Like 'Supercycle'

• Tom Lee, executive chairman of BitMine Immersion Technologies, predicts that Ethereum is entering a Bitcoin-like supercycle that could potentially replicate Bitcoin's 100x growth since 2017. He emphasizes the importance of patience through cryptocurrency volatility cycles.
• Lee's prediction has faced significant skepticism from critics who question Ethereum's unique value proposition amidst competition from numerous other cryptocurrencies and doubt whether traditional finance will adapt to Ethereum's 24/7 trading protocols. The thesis will be tested by sustained activity on Ethereum's platform and its growing institutional adoption.

📱 Alibaba to Use JPMorgan's Blockchain for Tokenized Dollar and Euro Payments

• Alibaba is partnering with JPMorgan to implement tokenized deposits backed by fiat currencies like the US dollar and euro on its global B2B platform, aiming to streamline cross-border payments by reducing reliance on intermediaries and enabling direct blockchain transfers.
• The collaboration utilizes JPMorgan's blockchain infrastructure to facilitate tokenized deposit transfers between institutional clients, significantly improving efficiency and reducing costs compared to traditional cross-border trade that typically faces delays due to multiple banks and currency conversions.

Market Metrics

Fundraising & VC
1. Kyuzo’s Friends (Undisclosed, $11M) - AI-driven Web3 social game built on Sui
2. Takadao (Seed, $1.5M) - Web3 platform for bankless financial alternatives

Regulatory
🧹 DOJ Pushes to Uphold Tornado Cash Developer's Conviction

• Prosecutors argue there was sufficient evidence to convict Roman Storm, highlighting his role in creating features that allegedly facilitated criminal activity through the Tornado Cash mixing service.
• The DOJ emphasized that Storm and co-conspirators made approximately 250 changes to the user interface during a period when 96% of users accessed the service through that interface.

💻 AI Content Dominance Raises "Dead Internet" Concerns

• For the first time, automated systems now account for 51% of web traffic, with AI-generated articles surpassing human-written content, creating challenges for distinguishing authentic from machine-generated interactions.
• This shift has regulatory implications as financial incentives increasingly favor automated content, potentially requiring new frameworks to maintain authenticity in online environments.

⚡ Quantum Computing Threat to Bitcoin Raises Security Concerns

• Experts warn about 'Q-Day,' a future point when quantum computers could compromise Bitcoin's security by forging digital signatures, particularly threatening early wallets with exposed public keys.
• The Bitcoin community is discussing transitions to post-quantum digital signatures, though implementation challenges highlight the need for potential regulatory guidance on cryptographic standards.

🎵 Convicted Bitfinex Hack Money Launderer to Release Music From Prison

• Heather 'Razzlekhan' Morgan, currently serving an 18-month sentence for laundering over 119,000 BTC (worth $11 billion today) from the 2016 Bitfinex hack, will release new music while incarcerated.
• The case highlights the ongoing legal consequences of one of crypto's largest thefts, with Morgan's husband serving a five-year sentence after claiming he acted alone in the laundering scheme.

Technical Analysis
Bitcoin - Investors have accepted lower prices over time to get out of Bitcoin and the currency is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Bitcoin. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the currency has resistance at 107000 points. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. Volume balance is also negative, which confirms the trend. RSI below 30 shows that the momentum of the currency is strongly negative in the short term. Investor have steadily reduced the price to sell the currency, which indicates increasing pessimism and continued falling prices. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The currency is overall assessed as technically negative for the short term.

Ethereum - Ethereum is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the currency, and indicates negative development for the currency. The currency has met the objective at 3184 after the break of the rectangle formation. The price has now risen again, but the formation indicates a further fall. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the currency has resistance at 3830 points. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which confirms the trend. The currency is overall assessed as technically negative for the short term.