Hodler’s Digest, Nov. 9 – 15 – Cointelegraph Magazine

‘We are buying’: Michael Saylor denies reports of Strategy dumping BTC

Michael Saylor, executive chair of Strategy, denied reports that the company was offloading some of its Bitcoin amid a flash crash in the cryptocurrency’s price.

In a Friday X post, Saylor said that there was “no truth” to a report claiming that Strategy reduced its overall Bitcoin holdings by about 47,000 BTC, or $4.6 billion at the time of publication. Saylor said the company was continuing to buy Bitcoin as the price dropped by more than 4% in less than 24 hours, from more than $100,000 to less than $95,000.

“I think the volatility comes with the territory,” said Saylor in a Friday CNBC interview. “If you’re going to be a Bitcoin investor, you need a four-year time horizon and you need to be prepared to handle the volatility in this market.”

Uniswap revives ICO-style token launches with new onchain auction system

Decentralized finance heavyweight Uniswap introduced Continuous Clearing Auctions (CCA), a new protocol aiming to facilitate token offerings through its infrastructure.

According to a Thursday announcement, Uniswap’s CCA “helps teams bootstrap liquidity on Uniswap v4 and find the market price for new and low-liquidity tokens.” The company said this was just “the first of several tools” it is building to help projects launch and deepen token liquidity on the platform.

The announcement coincided with preparations for the first CCA-enabled sale. Privacy-focused Aztec Network opened its community-only AZTEC token sale on Thursday, with a public phase scheduled for Dec. 2.

The Aztec team claimed that it has “taken the community access that made the 2017 ICO era great and made it even better.” The team reportedly worked alongside Uniswap to develop the new protocol and “prioritize fair access, permissionless, on-chain access to community members and the general public pre-launch.” The team said the AZTEC token will be 100% community-owned once tokens unlock.

Cathie Wood’s ARK bags $46M of Circle stock as price dips below $90

Cathie Wood’s investment company ARK Invest is back to buying shares of USDC issuer Circle as the stock sinks below $90.

ARK bought a total of 542,269 Circle (CRCL) shares over the past two trading days, investing around $46 million, according to the firm’s daily trading disclosures seen by Cointelegraph.

The two acquisitions — a $30.4 million purchase on Wednesday and a $15.5 million buy on Thursday — came amid a decline in CRCL shares, which closed at $86 and $82.30, respectively.

The fresh purchases mark ARK’s first CRCL transactions since the firm offloaded about 1.7 million Circle shares across four sales in June at an average closing price of $200, generating $352 million.

XRP ETF debut outshines all 2025 launches with $250M inflows, record volume

The debut of the Canary Capital XRP exchange-traded fund (ETF) is signaling renewed demand for altcoins, after the fund posted the strongest first-day performance of the more than 900 ETFs launched in 2025.

Canary Capital’s XRP ETF closed its first day with $58 million in trading volume, marking the most successful ETF debut of 2025 among both crypto and traditional ETFs, said Bloomberg ETF analyst Eric Balchunas in a Thursday X post.

The new fund garnered over $250 million in inflows during its first trading day, surpassing the recent inflows of all other crypto ETFs.

Part of the reason behind the successful launch was the ETF’s in-kind creation model, according to ETF analyst and president of NovaDius Wealth Management Nate Geraci.

Bitcoin ETFs bleed $866M in second-worst day on record, but some analysts still bullish

Demand for Bitcoin and crypto-linked investment funds continued to decline Thursday, despite the long-awaited end of the 43-day US government shutdown.

US spot Bitcoin exchange-traded funds (ETFs) saw $866 million in net outflows on Thursday, marking their second-worst day on record after the $1.14 billion daily outflows on Feb. 25, 2025, according to Farside Investors.

This marked the second consecutive day of outflows for the Bitcoin ETFs, as the end of the 43-day US government shutdown failed to reignite investor appetite.

The $866 million outflows occurred a day after President Donald Trump signed a government funding bill on Wednesday. The bill provides funding until Jan. 30, 2026.

Winners and Losers

At the end of the week, Bitcoin (BTC) is at $96,428, Ether (ETH) at $3,184 and XRP at $2.29. The total market cap is at $3.27 trillion, according to CoinMarketCap.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Starknet (STRK) at 33.66%, MYX Finance (MYX) at 31.19% and SOON (SOON) at 30.54%.

The top three altcoin losers of the week are Internet Computer (ICP) at 39.21%, Filecoin (FIL) at 38.81% and Canton (CC) at 24.54%. For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Top Prediction of The Week

Probability of December interest rate cut falls below 50%

Only 45.9% of investors anticipate an interest rate cut at the next US Federal Open Market Committee meeting in December, amid declining market sentiment and a downturn in the cryptocurrency market.

The odds of a 25 basis point (BPS) interest rate cut in December were nearly 67% on Nov. 7, according to data from the Chicago Mercantile Exchange Group.

Top FUD of The Week

Bitfarms plunges 18% after plan to wind down Bitcoin mining ops

Bitfarms’ stock has plunged after the company announced it would be shuttering its Bitcoin mining operations over the next two years and converting them to artificial intelligence and high-compute data centers.

The company said on Thursday that its 18-megawatt Bitcoin mining site in the US state of Washington will be the first to be fully converted to support AI and high-performance computing, with completion expected in December 2026.

“Despite being less than 1% of our total developable portfolio, we believe that the conversion of just our Washington site to GPU-as-a-Service could potentially produce more net operating income than we have ever generated with Bitcoin mining,” said Bitfarms CEO Ben Gagnon.

He added the conversion would help the company as it winds down its Bitcoin mining business in 2026 and 2027.

Skittish risk managers could turn Bitcoin’s institutional boom into bust, CEO warns

The powerful wave of institutional buying that helped propel Bitcoin higher since early 2024 could also amplify a correction if market fatigue persists, according to Markus Thielen, CEO of 10x Research and a former portfolio manager.

In an interview with Bloomberg, Thielen said the crypto market, and Bitcoin in particular, is showing all the tell-tale signs of fatigue following a difficult October marked by the largest liquidation event in the industry’s history. Those losses, he noted, have compounded underlying macroeconomic risks that Bitcoin has increasingly mirrored.

Because institutional inflows, especially from spot Bitcoin exchange-traded funds, have been a key driver of the 2024 rally, Thielen warned that the same investor base could accelerate downside pressure if activity continues to slow.

Kraken co-CEO warns UK rules meant to protect users punish them: FT

Arjun Sethi, the co-CEO of major crypto exchange Kraken, criticized the United Kingdom’s crypto regulations, which he said hinder services for their customers.

In an interview with the Financial Times, Sethi said that “in the UK today, if you go to any crypto website, including Kraken’s, you see the equivalent to a cigarette box.” He suggested that the disclaimers have a significant impact on customer experience.

Editorial Staff

Cointelegraph Magazine writers and reporters contributed to this article.

Source: https://cointelegraph.com/magazine/strategy-michael-saylor-bitcoin-xrp-etf-debut-canary-capital-hodlers-digest/?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound