Crypto News Today [Live] Updates November 7,2025

Bloomberg Senior ETF Analyst Eric Balchunas revealed that Bitwise has submitted an 8(a) form for its Spot Dogecoin ETF. The filing serves as an automatic effectiveness application to U.S. securities exchanges, meaning the ETF could be automatically approved for listing if the SEC does not act within 20 days. This move signals growing institutional interest in Dogecoin and could mark a major milestone for meme coin adoption in regulated markets.

According to @EmberCN, Tether’s BTC reserve wallet withdrew 961 BTC (worth $97.18 million) from Bitfinex, likely signaling a dip-buying move. The wallet, which accumulates Bitcoin using 15% of Tether’s profits since 2023, now holds 87,296 BTC valued at $8.84 billion—making it the 6th largest Bitcoin wallet globally. Based on withdrawal prices, the average cost per BTC stands at $49,121, giving Tether an unrealized profit of roughly $4.55 billion.

In a landmark decision, India’s High Court has officially recognized Bitcoin and other cryptocurrencies as legal property. The ruling states that crypto assets can be owned, held in trust, and protected under existing laws. This move grants investors legal protection and ensures greater accountability for crypto exchanges operating in the country — marking a major step toward regulatory clarity and mainstream adoption of digital assets in India.

The U.S. Supreme Court is expected to rule soon on President Trump’s tariffs, with increasing odds that the measures could be struck down. Such a ruling might trigger massive refunds to affected businesses, impacting financial markets. Meanwhile, major institutions like JPMorgan and Charles Schwab are turning bullish on Bitcoin, forecasting stronger demand than gold by 2026. Trump has reiterated Bitcoin’s importance to the U.S. economy, calling it “vital to the financial system.”

Robinhood is reportedly considering adding Bitcoin to its corporate treasury, signaling growing institutional confidence in crypto. The move follows a robust Q3 performance, with overall revenue doubling and crypto revenue soaring 300% year-over-year. By holding Bitcoin as a strategic asset, Robinhood aims to strengthen its balance sheet and align with a broader shift toward digital assets. Analysts say this could further legitimize Bitcoin adoption among mainstream financial firms.

New York City’s newly elected mayor, Zohran Mamdani, has proposed a controversial Bitcoin tax requiring all residents to contribute a portion of their holdings. His broader socialist agenda—featuring city-run grocery stores and race-based property taxes—has drawn sharp criticism. While supporters hail it as a push for economic equality, critics fear it could spark an economic decline, drive businesses away, and damage the city’s status as a global financial hub.

November’s market action shows renewed investor confidence as Bitcoin rebounds sharply from bear-market lows, holding key support above $100K. Stocks and gold have also surged, while bonds slipped. Traders are closely watching technical indicators, including Elliott Wave patterns, to anticipate Bitcoin’s next move. With new crypto listings and futures products adding liquidity, market sentiment remains cautious yet optimistic heading into the final weeks of 2025.

The crypto market is buzzing as Alchemix ($ALCX) and Sapien ($SAPIEN) record massive price surges, attracting short-term traders hoping to capitalize on quick gains. Analysts warn that while the hype fuels strong momentum, frequent retracements and potential rug pulls make these assets highly risky. Meanwhile, privacy coins like Zcash ($ZEC) and Dash ($DASH) are gaining ground amid renewed interest in digital privacy, dividing investors between chasing profits and managing risk.

The U.S. government shutdown is bleeding liquidity at a rate of $15 billion per week, with over $75 billion already drained from the economy. Traditional markets are showing clear signs of stress, and Bitcoin ($BTC) is reacting swiftly to the tightening conditions. Our trading models flagged this shift early — a major market update is coming before the next big move.

The Federal Reserve entered a severe quantitative tightening (QT) phase at the end of summer to curb inflation — a typical move to drain excess liquidity. However, with the U.S. government shutdown halting major spending, the usual balancing flow of cash back into the economy has stalled. As a result, liquidity continues to tighten sharply, visible in data trends where the line just keeps climbing upward, signaling growing financial strain.