Business

November, 2025

• 29 November

  Greenidge Bitcoin Mine in New York Shuts Down After Fire Incident

  

  A sudden electrical switchgear failure ignited a fire at Greenidge Generation Holdings’ flagship Bitcoin mining site in Dresden, New York, forcing a full operational halt and spotlighting the inherent hazards of high-energy crypto operations. The blaze, reported Sunday via an SEC filing, was swiftly contained by local firefighters, with no injuries or structural threats to the facility’s core infrastructure. The …
• 29 November

  Bitwise Analyst Spots ‘COVID-Era’ Bitcoin Pattern Making a Comeback

  

  Bitcoin’s wild ride continues as Bitwise Europe’s research head André Dragosch warns of a “COVID-era” macro setup resurfacing, pricing in recessionary gloom while global growth whispers a bullish twist—potentially catapulting BTC to $100,000+ by year-end. With BTC dipping 17% to sub-$90,000 in late November before clawing back above $100,000, Dragosch’s X post on November 28 ignited trader frenzy: “The last …
• 28 November

  Crypto Price Prediction: Which Altcoin Could Soar Amid the Crash?

  

  The cryptocurrency market bled nearly $1 trillion in a brutal November 2025 correction, with **Bitcoin (BTC)** plunging below $82,000 before clawing back to $83,509—a 5% daily skid dubbed the “Great Bitcoin Crash.” **Ethereum (ETH)** dipped 3.80% to $2,809, while altcoins like **Polygon (POL)**—formerly MATIC—hovered at $0.1375 (up 3.07% amid the rout) and **Chainlink (LINK)** traded near $13.33, down 25.96% yearly …
• 28 November

  Pepe Price Warning: Could PEPE Be the Next Meme Coin to Collapse?

  

  The frog-themed meme sensation **PEPE** is croaking under pressure, with its price cratering 75% year-to-date in 2025 and analysts flashing red flags for a deeper **60% plunge** to $0.0000015. Trading at **$0.000004605** on November 28 amid a 40.51% monthly bloodbath and 14.86% weekly slide, PEPE’s **$1.94 billion market cap** hangs by a thread as hype evaporates and **Fear & Greed …
• 28 November

  CalPERS Suffers Big Losses: Strategy Investment Falls to $80M

  

  The **California Public Employees’ Retirement System (CalPERS)**, America’s largest public pension fund with $500 billion in assets, is nursing a **$64 million paper loss** on its maiden foray into cryptocurrency proxies. An SEC filing revealed the fund’s Q3 purchase of 448,157 **MicroStrategy (MSTR)** shares—valued at over $144 million at acquisition—has shriveled to roughly **$80 million** as of November 27, 2025, …
• 28 November

  Asia Market Open: Bitcoin Holds Near $90K, Regional Stocks Lose Momentum Despite Fed Cut Expectations

  

  Asian markets kicked off November 28, 2025, with a bifurcated tone: **Bitcoin (BTC)** clung to $91,000 resilience, buoyed by institutional inflows and **Federal Reserve rate cut** speculation, while regional equities sputtered amid profit-taking and geopolitical jitters. Traders navigated a post-rally cooldown, questioning if the global rebound—sparked by U.S. tech gains—can sustain amid inflation worries and slowing China data. BTC traded …
• 28 November

  MegaETH to Refund All Pre-Deposits After ‘Sloppy Execution’

  

  Ethereum Layer-2 contender **MegaETH** has initiated a complete rollback of its **USDm pre-deposit campaign**, refunding approximately **$500 million** in user funds after a cascade of technical blunders derailed the November 25, 2025, launch. In a candid X thread, the team admitted “execution was sloppy,” citing misaligned expectations around preloading collateral for 1:1 USDm conversions at mainnet. This **MegaETH refund** move, …
• 28 November

  South Africa Pauses Retail CBDC, Focuses on Payments Upgrade Instead

  

  The **South African Reserve Bank (SARB)** has decisively paused its **retail central bank digital currency (CBDC)** ambitions, declaring no “compelling immediate need” for a digital rand accessible to everyday consumers. In a position paper released November 27, 2025, after years of research and stakeholder consultations, SARB emphasized upgrading the national payments ecosystem over launching a new digital currency amid persistent …
• 28 November

  Philippines Eyes $60B Windfall Through Asset Tokenization by 2030

  

  The Philippines stands on the cusp of a financial revolution, with a groundbreaking report projecting a **$60 billion tokenized asset market** by 2030, fueled by blockchain’s seamless integration into everyday digital wallets. Titled “Project Bayani: The Philippines’ Asset Tokenization Opportunity,” the white paper—released November 27, 2025, by the Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital—charts a path …
• 28 November

  Ethereum Price Alert: $2B Bet Signals ETH’s Next Big Move?

  

  Ethereum (ETH) is teetering on the brink of a breakout, buoyed by a staggering **$2 billion institutional wager** on Bitcoin’s rebound that analysts say will cascade into altcoin gains, including ETH’s climb toward $3,900 by November’s end. As of November 28, 2025, ETH hovers near $2,850—down 17% from its $3,400 yearly peak—but on-chain signals scream accumulation, with whales scooping $1.37 …