Category: general

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Profit-Taking Hits BlackRock’s Bitcoin ETF While BTC Recovers

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The post Profit-Taking Hits BlackRock’s Bitcocom. Bitcoin For most of 2024, BlackRock’s IBIT has acted like a black hole inside the Bitcoin ETF universe money went in and rarely came back out. Key Takeaways: IBIT outflows show institutions taking profit during the rebound. Money is rotating between Bitcoin ETFs, not exiting the asset class. Sustained IBIT redemptions during a BTC rise could hint at distribution. That dynamic is now showing cracks. While Bitcoin has bounced sharply off last week’s lows, the largest issuer in the category is no longer the one capturing the recovery. Market data shows that some of the biggest allocators used the recent price rebound not to increase exposure but to lighten their positions. IBIT posted one of its largest single-day redemptions of the quarter on November 24 and only partially made up for it the following session. The two-day ledger still finished negative by more than $66 million. A recovery without renewed accumulation In previous rallies toward the $90,000 region, IBIT was almost automatically the recipient of fresh institutional capital. This time, the pullback has been met with rebalancing instead of reinforcement. The message from those flows is less about fear and more about discipline. Large investors appear willing to defend performance gains rather than chase upside. Nothing about that behavior means institutions are abandoning Bitcoin. Other issuers have benefited from the rotation. Fidelity’s FBTC once a distant runner-up recorded nearly $171 million in inflows during the same window that IBIT was shrinking. ARK’s ARKB and Bitwise’s BITB, meanwhile, sat on the opposite side of that equation with withdrawals. What the shift could mean for the wider market ETF analysts have long used BlackRock’s ledger as a proxy for risk appetite because IBIT is the first stop for allocators with conviction. When that fund is no longer the automatic.

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UK Budget: Watch the Key Moments From Reeves’ Speech

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These are the highlights of UK Chancellor of the Exchequer Rachel Reeves’ budget speech, including her reaction to the Office for Budget Responsibility’s mistaken early release of its analysis, plans for a higher tax on expensive properties, and an announcement that there will be no increase to income tax, VAT and National Insurance rates. She spoke in the House of Commons in London.

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Wirex and Crossmint expand stablecoin payments to Stellar

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The post Wirex and Crossmint expand stablecoin payments to Stellar appeared com. London, [Nov. 25, 2025] Wirex, the global leader in stablecoin-based payment infrastructure, has announced a strategic partnership with Crossmint, enabling Wirex to extend its on-chain stablecoin payments, card settlement, and banking connectivity to non-EVM chains, starting with Stellar. This collaboration marks a major step toward unlocking true multichain stablecoin payments, bringing Wirex’s award-winning non-custodial architecture to ecosystems traditionally underserved by Web3 payment infrastructure. Through Crossmint’s unified smart account infrastructure, Wirex will introduce seamless, native stablecoin payment capabilities on non-EVM chains. This integration allows Wirex to deploy its full suite of stablecoin payment technologies on networks like Stellar maintaining the same high standards of programmability, compliance, and security available on EVM-based chains. Wirex selected Crossmint for its advanced ability to streamline blockchain interoperability and enterprise-grade deployment. Crossmint’s infrastructure allows Wirex to: • Orchestrate smart accounts across multiple non-EVM chains through one SDK• Provide flexible governance models, multi-sig, and smart automation• Offer seamless key management, rotation, and updating without user friction• Integrate Wirex’s APIs directly into Crossmint’s SDK giving Crossmint’s partners instant access to Wirex’s stablecoin rails This allows Wirex to launch new chain integrations in weeks rather than months, with enterprise-grade compliance baked in. Daniel Rowlands, General Manager at Wirex Pay, said: “Partnering with Crossmint allows Wirex to bring our stablecoin infrastructure to non-EVM chains at scale. This is a major milestone in our mission to make stablecoin payments truly multichain, programmable, and ready for the next generation of Web3 banking.” With this expansion, Wirex becomes the first global payments provider to deliver banking-grade stablecoin settlement, including on-chain card payments, broad merchant acceptance, and real-time, programmable value transfer, across non-EVM environments at scale. The partnership accelerates the adoption of Wirex’s stablecoin infrastructure, which provides: • Fully on-chain, non-custodial stablecoin accounts• Global card acceptance at 80M+ Visa merchants• 1: 1 fiat.

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Shiba Inu Breaks Trendline as SHIB Targets Early Recovery Momentum

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The post Shiba Inu Breaks Trendline as SHIB Targets Early Recovery Momentum appeared com. Shiba Inu gained new strength after breaking a major trendline, according to analyst TraderSZ. He stated that SHIB was “also breaking out,” pointing to improving sentiment. His comments came during a broader relief rally after Bitcoin briefly touched $89,000 earlier today. The move placed SHIB among the altcoins benefiting from renewed confidence. SHIB Breaks Descending Structure After Extended Weakness Shiba Inu climbed 4% today to $0. 000008632 after falling to $0. 00000678 last week. For most of November, SHIB moved inside a steady downward structure, forming lower highs and lower lows. Recent price action shows the token pushing above a descending trendline that held for several weeks. Analysts viewed this move as an early sign that buyers were regaining control after a long period of weakness. 000007 level. SHIB then moved above a diagonal resistance point for the first time in weeks, signaling improved momentum. Breaking a trendline often marks the first phase of a potential shift, especially after sustained selling pressure. SHIB lost the $0. 00001 price level in October and has struggled to reclaim it, making today’s progress more notable. The current breakout provided traders with a structural signal that the downtrend may be weakening. SHIB’s position above resistance now places attention on its next move. SHIB Attempts to Extend Breakout as Analysts Map Key Targets Shiba Inu’s recovery comes as several altcoins, including Dogecoin, attempt to bounce from recent sell-offs. SHIB’s momentum now depends on whether the broader market maintains strength and attracts consistent buying interest. Last week, analyst Kledji Cuni said SHIB was approaching major support at $0. 0000067. He described the zone as an area that historically aligned.

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Why Wall Street is blocking Strategy’s S&P 500 entry — even with its $56B Bitcoin empire

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Strategy Inc. (formerly MicroStrategy) spent 2025 building the largest corporate Bitcoin reserve the public markets have ever financed, but the scale of that ambition ended up colliding with the logic of its own stock. What began as an aggressive accumulation strategy, powered by the company’s appetite for leverage and a willingness to dilute existing shareholders, [.] The post Why Wall Street is blocking Strategy’s S&P 500 entry even with its $56B Bitcoin empire appeared first on CryptoSlate.
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