Daily Summary, 17 November

News of the day, November 17

Cryptomarket and Bitcoin

* Bitcoin fell below the mark of $93,000.
* A category of investors with a balance of less than 1 BTC sold about 148,241 BTC at prices below $100,000, despite the fact that they bought them at a price of $102,000-107,000.
* Large players (Strategy) bought an additional 8,178 BTC for $835.6 million at a price of about $102,171 per coin.
* Peter Schiff called the Strategy business model a fraud and challenged Michael Saylor to public debates.
* Last week (November 10-14), spot Bitcoin ETFs recorded a net outflow of $1.1 billion.

Large Transactions and “Awakened” Wallets

* After 5 years of inactivity, a wallet exchanged 14.45 million ADA ($7 million) for the stablecoin USDA. Due to low liquidity, the owner received only $847,694, incurring losses of $6.2 million.
* After 13 years, the ancient holder Casascius “awoke” and transferred 2 BTC to Coinbase.
* A participant in the Ethereum ICO transferred 200 ETH (about $626,000) after more than 10 years of inactivity.
* On the Hyperliquid platform, one short position worth $96.5 million was liquidated.

Regulation and Institutions

* President of Kazakhstan Tokayev signed a law that significantly liberalizes mining and the circulation of cryptocurrencies in the country.
* Harvard University increased its investments in the Bitcoin ETF from BlackRock by more than 250% and now owns 6.8 million shares worth about $443 million.
* Japan is preparing a large-scale crypto reform: 105 cryptocurrencies, including Bitcoin and Ethereum, will receive the status of financial instruments.
* Belarus is calling on EAEU countries to harmonize rules for the circulation of cryptocurrencies to prevent the outflow of assets to jurisdictions with softer regulation.

Personalities and Events

* Binance founder CZ stated that if his $4.3 billion fine is returned in connection with a pardon, he will invest it in the US as a sign of gratitude.
* Vitalik Buterin changed his image and spoke at the Ethereum cyberpunk congress in Buenos Aires, where he talked about the privacy of crypto wallets.
* Adam Back explained that quantum computers do not pose a danger to Bitcoin for at least the next 20-40 years.
* Donald Trump’s company, together with the Saudi developer Dar Global, is launching the world’s first tokenized hotel project, Trump International Hotel Maldives, in the Maldives.

Other News

* CoinMarketCap launched the CMC20 token, which will be pegged to the exchange rate of a basket of the 20 largest cryptocurrencies.
* Elon Musk launched the “Chat” messenger in X (Twitter) with “encryption in the style of Bitcoin”.
* Spot Ethereum ETFs recorded a net outflow of $729 million last week.