Rena Keerthi MJ

Cybernews reports that illicit apps spoofing the widely used cryptowallets Exodus, Trust Wallet, and Ledger Live in the Canonical Snap Store have facilitated the distribution of crypto-stealing malware against Linux users.

Techniques used to publish the apps have increased in sophistication, with attackers most recently venturing to hijack reputable publishers' domains whose registrations had already expired, after initial attempts to use convincing storefronts and innocuous snap names were thwarted, according to an analysis by Anchore Director of Developer Relations Alan Pope.

"I've identified at least two domains this has happened with recently: storewise.tech and vagueentertainment.com. There are almost certainly more. This is a significant escalation," said Pope, who urged users to download crypto apps from their official project sites to avoid compromise.
Such findings come amid intensified cyber threats against open-source package ecosystems, with npm packages recently reported to have been impacted by the sophisticated and self-propagating Shai-Hulud worm.

$BTC $SOL $XRP #WEFDavos2026 #TrumpCancelsEUTariffThreat #WhoIsNextFedChair

• Changes may be coming to the crypto industry as the Australian government cracks down on platform licensing requirements.
• You can currently buy cryptocurrency in Australia through exchanges, crypto ATMs, and brokerages.
• If you prize anonymity, you can buy crypto in Australia without an ID, but be sure to consider the tradeoffs.
• Many Australian investors buy on a local platform and then move their coins into a non-custodial wallet such as Best Wallet for long-term storage and DeFi access.
The Australian government is in the midst of tightening regulations on the crypto industry, which could increase consumer protections while strengthening crypto's reputation as a financial asset.

In September, the government released draft legislation that would require more digital asset platforms and tokenized custody platforms to obtain an Australian Financial Services License and register with the Australian Securities and Investments Commission (ASIC).

These changes also highlight the difference between custodial platforms that hold assets on your behalf and non‑custodial wallets like Best Wallet, where you control your own keys regardless of which Australian exchange you use to buy crypto.

This differs from current Australian law, which doesn't inherently include crypto as a financial product with registration requirements. Instead, crypto might be regulated by ASIC if it meets the standard for being a financial product, such as if an initial coin offering (ICO) is used, which includes rights to a share of another company that the ICO funds.

Any new legislation would likely raise the compliance bar, though there may be exceptions for small platforms. While additional regulations may make things a little more cumbersome for some platforms, it could also bring more trust and transparency to the Australian crypto industry.

Crypto also faces some regulations that fall under broader rules, like anti-money laundering/combating the financing of terrorism (AML/CMT) requirements. If a business exchanges fiat currency for digital currency or vice versa, it would generally be considered a digital currency exchange and have to register with the Australian Transaction Reports and Analysis Centre (AUSTRAC), which oversees compliance for areas like AML/CMT. Once you have purchased crypto through an AUSTRAC‑registered exchange, you can transfer it to a non‑custodial wallet such as Best Wallet to store and manage your assets outside of an exchange account.
Basics of buying crypto in Australia
Crypto assets in Australia are considered property for tax purposes, as regulated by the Australian Tax Office (ATO). Generally, trades can trigger capital gains taxes, just like for other securities such as stocks.

Amidst this compliance backdrop, it's important for individuals to understand that buying bitcoin or other crypto in Australia does come with some guardrails similar to other types of investing. But at this point, the regulations aren't as fleshed out as they are for more traditional financial markets.

Still, it can be useful to plan ahead for things like capital gains taxes and ensure that a platform you use to buy or sell crypto is registered with the proper authorities if required. You might also prefer to wait to trade until legislation is finalized to buy or sell crypto in Australia. Others might be more comfortable transacting on more of a peer-to-peer basis, without regulatory involvement. Keep in mind that this direct approach can come at the expense of some consumer protections.

Best ways to buy crypto in Australia
To buy bitcoin or other types of crypto in Australia, consider using the following types of platforms:

Centralized Crypto Exchanges (CEXs)
Centralized crypto exchanges (CEXs) typically resemble stock exchanges from the buyer's point of view, and they're generally on the more regulated side of crypto — though still perhaps not as much as stock exchanges. In general, CEXs have to register with AUSTRAC as digital currency exchanges, meaning they have to follow verification procedures, like Know Your Customer (KYC) requirements.

While it can reduce privacy, some buyers prefer KYC requirements because it can help them feel more confident that they're transacting with trustworthy parties. Still, CEXs tend to have benefits like strong liquidity and ease of use, especially for beginners, because CEXs often custody assets on your behalf. Some investors may prefer to self-custody their assets, where you maintain your own private keys to your wallet. Much depends on your comfort level and trust.

Within Australia, some popular homegrown CEXs include Swyftx, CoinSpot, CoinJar, and Independent Reserve. International CEXs like Gate, Coinbase, Binance, and Kraken also operate in Australia.

Decentralized Crypto Exchanges (DEXs)
For crypto traders who want more privacy, decentralized crypto exchanges (DEXs) might be preferred. Unlike CEXs, you generally don't need an ID to create an account and don't have to go through KYC requirements. Some popular global DEXs that can be used by buyers in Australia include PancakeSwap, SushiSwap, and UniSwap.

These platforms generally aren't regulated in Australia because they typically don't meet the threshold to be considered a digital currency exchange. Instead of the DEX holding assets and exchanging crypto for other currencies, you generally connect your wallet to the DEX to trade with other parties through the platform. The DEX isn't actually taking possession of the crypto.

That can come with some potential downsides, like making it harder to verify the legitimacy of the other trading partner on the platform. You might be more comfortable with a platform that uses smart contracts that essentially put assets in escrow on a blockchain and release them only if the transaction is properly completed.

Still, there can be other downsides to DEXs vs. CEXs, such as lower liquidity and slippage, meaning prices end up being more expensive than you expected when trying to buy the crypto.

Best Wallet 2025
Peer-to-Peer (P2P) crypto platforms
DEXs often resemble P2P platforms, and in some cases, the terms might even be used interchangeably. However, P2P platforms may go beyond connecting buyers and sellers via smart contracts by holding assets on behalf of the parties and allowing for the exchange of fiat to crypto, which could mean having to register with AUSTRAC in Australia.

There are many informal P2P platforms outside of the remit of AUSTRAC, which arguably creates risks, such as more potential for money laundering.

Some examples of P2P platforms available in Australia include LocalCoinSwap and Paxful. Binance, which is largely a CEX, also has a P2P platform.

Crypto ATMs in Australia
Another way to buy crypto in Australia is through certain digital currency ATMs. Similar to traditional ATMs, many of these machines enable you to deposit or withdraw cash, but the difference is that you generally connect your crypto wallet to facilitate an exchange of cash to crypto or vice versa.

If this fiat-to-digital exchange happens, the ATM is supposed to register with AUSTRAC, so there may be identity verification requirements for users. While some investors may prefer more privacy, using an unregulated ATM carries risks such as opening your wallet up to unscrupulous parties, or unwittingly facilitating money laundering. Even regulated ATMs pose risks, as they are often used in connection with scams, because once you convert cash to crypto through these ATMs, the transaction is almost impossible to unwind.

The convenience of ATMs for quick transactions is a draw for some investors, though you should still think twice about why you're using that ATM and if the company seems trustworthy. Some examples of regulated crypto ATM companies available in Australia include ByteFederal, Cryptolink, and Localcoin.

Australian brokerages and mobile apps
Another way to buy crypto in Australia is through financial brokerages and mobile apps that often offer access to a wide range of assets, such as stocks, options, and exchange-traded funds.

The advantage of using a brokerage is that you can hold all of your investments within one platform, including crypto. These are also generally regulated platforms similar to CEXs, and they custody assets for you. This can be appealing to investors looking for ease of use and compliance controls, while others might prefer more privacy. Some brokerages and apps charge high fees for crypto transactions, so always review fee schedules carefully.

A few examples of these platforms that offer crypto trading alongside other assets include eToro, Revolut, and CMC Markets.

Best Wallet 2025
Buy and manage crypto with Best Wallet
If you want a private, multi-chain, no-KYC way to buy and manage crypto — without using a CEX, DEX, ATM, or legacy app — consider Best Wallet. It's a mobile-first, non-custodial wallet that provides an all-in-one solution, where you can track trending coins, buy/swap 60+ cryptos, discover vetted presales, and use advanced safety features.

Step 1: Download and set up Best Wallet

Download the Best Wallet app from the Australian Apple App Store or Google Play and create an account with your email address.

Set a secure PIN and enable biometric login if your device supports it, so only you can access the wallet.

Step 2: Go to the Buy section

Open the app and tap the Buy or Trade section in the main dashboard.

Choose the cryptocurrency you want to purchase, such as bitcoin, ethereum, or another supported coin.

Step 3: Enter how much you want to buy

Enter the amount you want to invest in Australian dollars (AUD); the app shows how much crypto this will buy at current prices, including estimated fees.

You can usually start with relatively small amounts, which is useful if you are new to buying crypto through a wallet app.

Step 4: Choose a payment method and provider

Select a supported payment method through Best Wallet's integrated providers, such as debit or credit card and other on‑ramp options available for Australian users.

Compare the quoted fees and exchange rate, then confirm the purchase once you are comfortable with the total cost.

Step 5: Store and manage your crypto

After the transaction is processed, your coins are delivered straight into your non‑custodial Best Wallet, so you hold the private keys instead of leaving funds on an exchange.

From there, you can hold, swap, or send crypto, and, if you want additional cold‑storage security, move some holdings to a hardware wallet later on.

If you later want to cash out to AUD, you can send funds from Best Wallet to an Australian exchange or off‑ramp service that supports withdrawals to local bank accounts.

Best Wallet 2025
Best payment methods to buy crypto in Australia
To some extent, the payment method you can use to buy crypto in Australia depends on where you buy crypto. Some of the most popular ways to buy crypto — which might also influence which platform you transact through, given available payment methods — include the following:

Bank transfer: Through some platforms, such as many CEXs and brokerage apps, you can deposit money via bank transfer, such as through Australia's PayID system. That makes it easy to convert fiat currency into crypto. You just complete the bank transfer, choose the crypto you want to buy, and complete the swap from Australian dollars into your chosen crypto.
Debit/credit cards: Some platforms — typically more regulated ones like CEXs and brokerage apps — also allow you to deposit money via debit or credit cards. This works similarly to bank transfers but often even faster, though there may be additional fees. It also comes with privacy tradeoffs, and you want to be careful about getting into credit card debt to buy crypto.
BPAY: BPAY is also similar to bank transfers, though it's a third-party company that facilitates bill payments from an Australian bank. It can be used to buy crypto through many exchanges and allows recurring deposits.
Cash in person: With some P2P deals, you can meet up in person and exchange cash for crypto. This often works by the crypto being placed into escrow, which the seller then releases once you give them the cash. This can make for more private transactions, but it increases the risk of dealing with unscrupulous parties.
Prepaid debit cards or vouchers: Similar to cash transactions, you could potentially use prepaid debit cards or vouchers on some platforms, with those funds then converted into crypto. Doing so can help maximize anonymity, but also can be risky, such as if you don't receive the crypto you were promised via a P2P transaction — in that case, it can be extremely difficult to unwind the funds back to you.
Crypto swaps: If you already own crypto, you can often swap that for other coins or tokens on various platforms, particularly DEXs or P2Ps. This can help maintain privacy and avoid the step of converting fiat currency into crypto, but pay attention to issues like conversion rates.
Best Wallet 2025
Tips for first-time Australian crypto buyers
If you're new to buying crypto in Australia, consider the following tips, which can vary based on your preferences:

Do your own research: The crypto world offers a lot of exciting possibilities, but it's also full of people trying to pump random coins or conduct outright scams. Don't take anything at face value. Do your own research first.
Start conservatively: Because crypto can be riskier and more complex than some traditional assets, avoid investing significant amounts of money that you can't afford to lose. There's no shame in starting with a small investment until you get more comfortable with buying and selling crypto.
Consider privacy/anonymity tools: If you're concerned about privacy or if you're supporting a cause that you don't want others to know about, you might try to preserve your anonymity as much as possible. You can do this by buying privacy coins when possible to then conduct more transactions, as well as using anonymous wallets and browsing tools. You might initially fund these via a privacy-focused method like a prepaid debit card rather than linking your personal bank account.
Remember taxes: Don't overlook the tax implications of crypto investments. If you have capital gains from the sale of an asset, you generally will owe taxes, so it's better to plan ahead than get caught off guard with a big tax bill.
Store crypto securely: Make sure you're following best practices to keep your crypto safe, such as never giving anyone the private key to your wallet and using two-factor authentication if you have an account on an exchange or brokerage app. Consider using a non-custodial wallet to ensure you control your private keys and who can access your assets.
Best Wallet 2025
Frequently Asked Questions (FAQ) about buying crypto in Australia
Is buying crypto legal in Australia?
Yes, buying crypto is legal in Australia. The government is currently in the midst of expanding regulations for crypto to treat these assets more as financial products. Many Australians also use non‑custodial wallets such as Best Wallet to hold coins they've bought on AUSTRAC‑registered exchanges, combining regulated on‑ramps with self‑custody.

What's the safest exchange in Australia?
The safest exchange in Australia depends on your preferences, such as whether you value privacy or the solvency of a crypto exchange. Consider factors such as an exchange's track record, privacy controls, and security practices if the platform is custodying your assets.

Can I buy crypto without ID in Australia?
Yes, you can often buy crypto without ID in Australia, for example, by using DEXs or P2P platforms. Keep in mind that while not using an ID may grant you more privacy, it can then make it harder to recover assets, such as if you get caught up in a crypto scam. You can often browse and set up a non‑custodial wallet app like Best Wallet without full ID checks, but regulated Australian on‑ramps still have to verify you when you convert between AUD and crypto.

What's the best wallet for crypto in Australia?
The best wallet for most Australians is a non-custodial, multi-chain wallet, like Best Wallet. It lets you securely buy, store, and swap dozens of cryptos, track trends, and manage presales directly in-app. With advanced safety features (scam scanner, contract checks, biometric login) and no KYC required, Best Wallet helps users stay in control of their assets. Always use a wallet where you hold your own private keys.

Are crypto presales safe for Australians?
Crypto presales can offer early access to new projects, but they are high-risk and can be targeted by scams. Australians should always use wallets with contract safety checkers and scam filters, verify a project's legitimacy, and confirm all official presale links. Only invest what you can afford to lose, and understand any local regulations around early-stage token access.

How do I buy crypto privately and still remain compliant?
To buy crypto privately, use non-custodial wallets, like Best Wallet, and trade through DEXs or P2P platforms. Australia requires crypto users to track trades for tax reporting and remain compliant with anti-money laundering laws, so keep thorough records, use official platforms, and be aware of transaction size thresholds that
could trigger KYC requirements or reporting rules.$BTC

$ETH $BNB #AustraliaCrypto #AUCTION/USDT. #Austria

Ein aktuelles Muster von Transaktionen im dezentralen Blockchain-Netzwerk Ethereum deutet darauf hin, dass Betrüger eine Kampagne zur "Adressvergiftung" gestartet haben, berichtete CoinDesk am Donnerstag (22. Jan.), unter Berufung auf Citi-Analysten.

Ein Adressvergiftungsbetrug ist ein Betrug, bei dem böswillige Akteure kleine Beträge an Krypto von Wallet-Adressen senden, die den häufig von dem Opfer verwendeten ähnlich sind, in der Hoffnung, dass das Opfer versehentlich Gelder an die Adresse des Betrügers in zukünftigen Transaktionen sendet, so der Bericht.

Texas launches cryptocurrency reserve with $5 million investment
Texas has launched its new cryptocurrency reserve with a $5 million purchase of Bitcoin as the state continues to embrace the volatile and controversial digital currency.

The Texas Comptroller’s Office confirmed the purchase was made last month as a “placeholder investment” while the office works to contract with a cryptocurrency bank to manage its portfolio.

The purchase is one of the first of its kind by a state government, made during a year where the price of Bitcoin has exploded amid the embrace of the digital currency by President Donald Trump’s administration and the rapid expansion of crypto mines in Texas.

“The Texas Legislature passed a bold mandate to create the nation’s first Strategic Bitcoin Reserve,” acting Comptroller Kelly Hancock wrote in a statement. “Our goal for implementation is simple: build a secure reserve that strengthens the state’s balance sheet. Texas is leading the way once again, and we’re proud to do it.”

The purchase represents half of the $10 million the Legislature appropriated for the strategic reserve during this year’s legislative session, but just a sliver of the state’s $338 billion budget.

However, the purchase is still significant, making Texas the first state to fund a strategic cryptocurrency reserve. Arizona and New Hampshire have also passed laws to create similar strategic funds but have not yet purchased cryptocurrency.

Wisconsin and Michigan made pension fund investments in cryptocurrency last year.

The Comptroller’s office purchased the Bitcoin the morning of Nov. 20 when the price of a single bitcoin was $91,336, according to the Comptroller’s office. As of Friday afternoon, Bitcoin was worth slightly less than the price Texas paid, trading for $89,406.

University of Houston energy economist Ed Hirs questioned the state’s investment, pointing to Bitcoin’s volatility. That makes it a bad investment of taxpayer dollars when compared to more common investments in the stock and bond markets, he said.

“The ordinary mix (in investing) is one that goes away from volatility,” Hirs said. “The goal is to not lose to the market. Once the public decides this really has no intrinsic value, then it will be over, and taxpayers will be left holding the bag.”

The price of Bitcoin is down significantly from an all-time high of $126,080 in early October.

Donate
Congressional Maps
Bathroom Bill
Henry Cuellar
New Laws
After the Floods
Posted inTexas Legislature 2025
Texas launches cryptocurrency reserve with $5 million investment
Lawmakers created a state Strategic Bitcoin Reserve earlier this year and dedicated $10 million to investing in cryptocurrency.
by Paul Cobler
Dec. 8, 2025, 5:00 a.m. Central
Share
The Texas Legislature earlier this year created a Strategic Bitcoin Reserve and funded it with $10 million. The state made its first $5 million purchase recently.
The Texas Legislature earlier this year created a Strategic Bitcoin Reserve and funded it with $10 million. The state made its first $5 million purchase recently. Joe Timmerman/The Texas Tribune
Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news.

Audio recording is automated for accessibility. Humans wrote and edited the story. See our AI policy, and give us feedback.
Texas has launched its new cryptocurrency reserve with a $5 million purchase of Bitcoin as the state continues to embrace the volatile and controversial digital currency.

The Texas Comptroller’s Office confirmed the purchase was made last month as a “placeholder investment” while the office works to contract with a cryptocurrency bank to manage its portfolio.

The purchase is one of the first of its kind by a state government, made during a year where the price of Bitcoin has exploded amid the embrace of the digital currency by President Donald Trump’s administration and the rapid expansion of crypto mines in Texas.

“The Texas Legislature passed a bold mandate to create the nation’s first Strategic Bitcoin Reserve,” acting Comptroller Kelly Hancock wrote in a statement. “Our goal for implementation is simple: build a secure reserve that strengthens the state’s balance sheet. Texas is leading the way once again, and we’re proud to do it.”

The purchase represents half of the $10 million the Legislature appropriated for the strategic reserve during this year’s legislative session, but just a sliver of the state’s $338 billion budget.

However, the purchase is still significant, making Texas the first state to fund a strategic cryptocurrency reserve. Arizona and New Hampshire have also passed laws to create similar strategic funds but have not yet purchased cryptocurrency.

Wisconsin and Michigan made pension fund investments in cryptocurrency last year.

The Comptroller’s office purchased the Bitcoin the morning of Nov. 20 when the price of a single bitcoin was $91,336, according to the Comptroller’s office. As of Friday afternoon, Bitcoin was worth slightly less than the price Texas paid, trading for $89,406.

University of Houston energy economist Ed Hirs questioned the state’s investment, pointing to Bitcoin’s volatility. That makes it a bad investment of taxpayer dollars when compared to more common investments in the stock and bond markets, he said.

“The ordinary mix (in investing) is one that goes away from volatility,” Hirs said. “The goal is to not lose to the market. Once the public decides this really has no intrinsic value, then it will be over, and taxpayers will be left holding the bag.”

The price of Bitcoin is down significantly from an all-time high of $126,080 in early October.

Lee Bratcher, president of the Texas Blockchain Council, argued the state is making a good investment because the price of Bitcoin has trended upward ever since it first launched in early 2009.

“It’s only a 16-year-old asset, so the volatility, both in the up and down direction, will smooth out over time,” Bratcher said. “We still want it to retain some of those volatility characteristics because that’s how we could see those upward moves that will benefit the state’s finances in the future.”

Bratcher said the timing of the state’s investment was shrewd because he believes it is unlikely to be valued this low again.

The investment comes at a time that the crypto industry has found a home in Texas.

Rural counties have become magnets for crypto mines ever since China banned crypto mining in 2021 and Gov. Greg Abbott declared “Texas is open for crypto business” in a post on social media.

The state is home to at least 27 Bitcoin facilities, according to the Texas Blockchain Council, making it the world’s top crypto mining spot. The two largest crypto mining facilities in the world call Texas home.

The industry has also come under criticism as it expands.

Critics point to the industry’s significant energy usage, with crypto mines in the state consuming 2,717 megawatts of power in 2023, according to the comptroller’s office. That is enough electricity to power roughly 680,000 homes.

Crypto mines use large amounts of electricity to run computers that run constantly to produce cryptocurrencies, which are decentralized digital currencies used as alternatives to government-backed traditional currencies.

A 2023 study by energy research and consulting firm Wood Mackenzie commissioned by The New York Times found that Texans’ electric bills had risen nearly 5%, or $1.8 billion per year, due to the increase in demand on the state power grid created by crypto mines.

Residents living near crypto mines have also complained that the amount of job creation promised by the facilities has not materialized and the noise of their operation is a nuisance.

“Texas should be reinvesting Texan’s tax money in things that truly bolster the economy long term, living wage, access to quality healthcare, world class public schools,” said state Sen. Molly Cook, D-Houston, who voted against the creation of the strategic fund. “Instead it feels like they’re almost gambling our money on something that is known to be really volatile and has not shown to be a tide that raises all boats.”

State Sen. Charles Schwertner, R-Georgetown, who authored the bill that created the fund, said at the time it passed that it will allow Texas to “lead and compete in the digital economy.”

Disclosure: New York Times, Texas Blockchain Council and University of Houston have been financial supporters of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune’s journalism. Find a complete list of them here.$BTC $ETH $BNB #BTCVSGOLD #BinanceBlockchainWeek #CryptoRally

Cryptocurrency Prices Today, Dec 4: Bitcoin Attempts Recovery Above $93K; Ethereum Shines, Altcoins Struggle

The cryptocurrency market on thursday, December 4th stayed mixed as top digital assets traded in the risk zone with gains and losses. While Bitcoin price held steady above the $93,000 mark, Ethereum posted some gains, even as several other altcoins, including XRP, Dogecoin, and Solana, slipped into the red. At the time of writing, the global crypto market cap hovered around the $2 trillion range.

Cryptocurrency Prices Toda
"The recent sell-off has cleared a significant amount of leveraged positions, and what we are witnessing now is a healthier market reset. Historically, some of the strongest rallies have emerged after periods of maximum fear. That said, investors should remain cautious and follow strong risk-management practices, as Bitcoin is still trading in a high-volatility zone. In the short term, markets are likely to remain sensitive to macroeconomic developments, regulatory updates, and liquidity shifts, all of which can trigger sharp price movements." said Vikas Gupta, Country Manager, Bybit India.

Bitcoin Price Today
BTC was trading at $93,057.36, edging up 0.03% in the last 24 hours. Over the past week, BTC has gained 1.86%, though it remains down 8.39% on a seven-day basis.

"Bitcoin is holding steady near $94,000 after a strong 12% weekly surge, maintaining its bullish momentum. While markets await the upcoming FOMC meeting, buyers are working to build the strength needed for a sustained move toward the $100,000 mark. A decisive breakout above current levels could clear the path to the $103,000 supply zone." said Akshat Siddhant, Lead Quant Analyst, Mudrex.

Ethereum Price Surges Over 4% as ETH Outperforms Major Altcoins
ETH in the early trade today rose upwards, adding 4.28% in the last 24 hours to trade at $3,189.61. Ether is up 5.74% over the week, even though it is still 3.08% lower on the weekly chart.

Major Altcoin Performance Today
Market sentiment turned negative for several altcoins as XRP, or Ripple coin price, fell to $2.17, down 1.08% in 24 hours and 1.54% over the week.

Solana slipped to $142.82, registering a 0.61% decline in the last day and an 8.10% weekly loss. Meanwhile, Dogecoin traded at $0.1494, down 0.78% in 24 hours and 8.17% on the week. TRON eased slightly to $0.2794, down 0.31% on the last day and 2.20% over the week.

On the other hand, some top altcoins bucked the downtrend:

BNB, or the Binance Coin price, rose 1.51% to $910.19, with a market cap of $125.83 billion.

While Cardano, or ADA, gained 1.48% to $0.4497, though it is still down 13.85% weekly.

WhiteBIT Coin was the top gainer, rising 0.27% today and an impressive 20.25% over the week, now trading at $62.50.
As per the CoinDCX market desk, "The top gainers for the day include Telcoin, Curve DAO, and Zcash, which have jumped by over 10% each. On the other hand, MYX Finance plunges by 8.96%, followed by Pudgy Penguins, Hedera, Pi, Pump.fun, Quant, and XDC Network by over 1% each. The overall market sentiment is rising, having moved from extreme fear to fear."

Overall Market Outlook
"The crypto market is showing renewed strength as Bitcoin rebounds to near $93,000 after dovish signals from the Fed rekindled investor optimism. Weak jobs data has boosted expectations of a rate cut and lifted risk appetite across the board, with Ethereum also spiking as traders position for renewed activity ahead of key network and liquidity catalysts highlighted in recent market analysis. Altcoins like Dogecoin and XRP have mirrored this momentum, reflecting a broader shift back into risk. The technical setup and macro backdrop now align in favour of continued upside as long as liquidity flows remain supportive." said Avinash Shekhar, co-founder & CEO, Pi42.

As per CoinSwitch Markets Desk, "Softer U.S. macro data, the Fed's official end to quantitative tightening, and a return of positive BTC ETF inflows helped lift BTC to a two-week high. Heatmap data also shows a large cluster of short liquidations above $94K, which could support an upside squeeze if momentum continues."

$BTC $ETH $BNB
#BTCVSGOLD #BinanceBlockchainWeek #USJobsData #CryptoIn401k #WriteToEarnUpgrade

Eric Trump
Eric Trump’s cryptocurrency firm tumbles nearly 40% amid ‘crypto winter’
#ERIC #TRUMP #cryptouniverseofficial

American Bitcoin Corp’s shares fell from $2.39 to $1.90 after closing in what some are calling ‘crypto winter’

Shares in Eric Trump’s crypto mining business lost nearly 40% of their value in less than 30 minutes on Tuesday.

The nosedive of American Bitcoin Corp, which triggered repeated trading halts, followed the steep decline of many cryptocurrencies and crypto-linked companies into what some observers are calling the onset of a “crypto winter”. Bitcoin’s value has fallen sharply since the start of October and erased a year of large gains.

Shares in American Bitcoin, which trades as ABTC, dropped to $1.90 after closing a day earlier at $2.39. The stock was previously at the lower level in May, before peaking at $9.31 on Sept 9 and then falling 78% to today’s trading value.

The company closed 38.8% lower, wiping roughly $1bn from its market value. Trading volume in the stock was almost 40 times the daily average, according to Bloomberg data.

Eric Trump, the president’s second son, claimed last month on X that the Texas-based crypto miner handles 2% of the world’s bitcoin supply.

“I truly believe we are building one the greatest crypto companies anywhere on earth,” he said, rhetorically following in his father’s footsteps.

After ABTC’s shares fell, Eric Trump said on X that the sell-off was caused by investors exercising their option to “cash in on their profits for the first time which is why we will see volatility.

“I’m holding all my @ABTC shares - I’m 100% committed to leading the industry,” he added.

The abrupt decline in value of ABTC comes amid a broad selloff in the digital asset market. Bitcoin has plunged more than 30% from a 6 October peak of $126,272 a bitcoin to $92,133. Analysts at Deutsche Bank said last week that $1tn in value has been wiped off the crypto market globally since then.

American Bitcoin, which was created out of another company, Hut 8 Corp, earlier this year, reported third-quarter net income of $3.5m on revenue of $64.2m in November, Bloomberg reported.

Eric Trump’s crypto mining venture is only one part of the Trump family’s crypto-linked family business, which started in 2022 with the launch of an NFT, or non-fungible token. The Trump family launched the crypto firm World Liberty Financial in 2024 and a cryptocurrency that bears the family name, $Trump, in 2025.

Like American Bitcoin, other Donald Trump-affiliated crypto ventures are in the tank, including WLFI, a token of World Liberty Financial, which has dropped in value from 26 cents in early September to about 16 cents.
The family fortune has benefited richly from the crypto ventures. Bloomberg estimates the family fortune at $7.7bn in September, but the decline in crypto values has pulled it down to $6.7bn.

As president, Trump has signed an executive order to support the growth of the digital asset industry and establish a regulatory framework and appointed crypto-friendly officials to regulatory positions. He was for years a crypto sceptic, calling it variously “not money” and “based on thin air”, but he reconsidered the controversial asset class during his second presidential campaign and became the first major US presidential candidate to accept donations in cryptocurrency.

Shares in the Trump’s social media company, Trump Media & Technology Group (TMTG), which started acquiring bitcoin this year, are trading at around $11, down from $42 in early February.

Late last month, 41 year-old Eric appeared undaunted by the fall in crypto values.

“What a great buying opportunity,” he told Bloomberg. “People who buy dips and embrace volatility will be the ultimate winners. I have never been more bullish on the future of cryptocurrency and the modernization of the financial $BTC system.”$ETH $BNB