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The Crypto Minute
Your Weekly Guide to Surviving the Crypto Rollercoaster.
Jiří Makovský & CoinBrain
November 17, 2025 • Reading Time: 10 minutes
The US government reopened, people rejoice! 😀 This week offered kind of a sad performance of Bitcoin, while some altcoins continued to surge. There was also a big crypto TradFi reveal that might change the whole game. 🚀 Find out more in today’s The Crypto Minute. 👩🚀⤵️ Today’s Agenda:
Grayscale pushes for a US IPO as the SEC returns from shutdown. Finally…
Czech National Bank makes its first-ever crypto purchase. More might be coming.
US government reopens and crypto regulation work resumes. A lot of decisions that will shape the market in 2026 will be made soon.
21Shares debuts new Act 40 crypto index ETFs. More TradFi money on the way?
Bitcoin keeps struggling under $106K. We look at the top three reasons why!
And more…
📊 Market Snapshot
| $94,560BTC-7.5% | $3,109ETH-9.0% | $3.2TCrypto Market Cap-7.0% | 10 (Extreme Fear)Fear & Greed Index-12 from last week |
📅 Crypto Events You Don’t Want to Miss
📌 Wednesday, Nov 19th:
US FOMC Meeting Minutes: The Fed’s unfiltered thoughts. Markets dissect the text to spot even the slightest tilt in future Fed decisions.
📌 Friday, Nov 21st:
US Flash Manufacturing PMI: A quick pulse check on factory activity. Strong readings suggest resilience, weak ones hint at cooling demand.
US Flash Services PMI: The early look at the US service sector. A surprise here can shift market sentiment fast since services drive most of the economy.
🐋Smart Money Tracker
Monday, Nov 10th: James Wynn got liquidated 12 times in 12 hours. Even after 45 liquidations in two months and one winning trade he refused to close, he still managed to get liquidated again.
Tuesday, Nov 11th: Whale 0x9263 is on a 20-win streak and crushing it. After flipping long six days ago, he’s now sitting on $8.5M in unrealized profit and over $31M in total gains on Hyperliquid. Worth following!
Wednesday, Nov 12th: A fresh wallet bc1qt4 pulled 1,130 $BTC worth $116.6M from FalconX. Are whales accumulating $BTC again?
Thursday, Nov 13th: This whale closed a 10,695 $ETH long for a $335K profit, then spun up a new wallet and dropped 5.66M $USDC to open a fresh 25x long on 7,595 $ETH.
Friday, Nov 14th: Circle dropped $1B in brand new $USDC. Since the mid-October wipeout, Circle and Tether have pumped $13.25B into the stablecoin market.
Saturday, Nov 15th: Wallet 0x0ddf entered a triple-leveraged long position worth 1,000 $BTC (about $95.3M). The trade will be liquidated if price drops to $60,042.
Source: Lookonchain
📰 News Recap (Nov 10 to 16)
Grayscale Makes a Bid for a US IPO 📈
Grayscale has officially filed its S-1 with the SEC! The largest crypto investment firm will go public under the ticker GRAY. 📝
The filing is not effective yet and the approval timeline could stretch from a few weeks to several months. ⏳
👉 This move also lands right as the SEC returns from a 43-day shutdown, which had stalled IPO and ETF reviews.
According to the registration data, Grayscale reported net income of $203.3M in September 2025, slightly down from last year. 🔍
Czech National Bank Loads Up On Crypto💰
This is local news for us in CoinBrain! 🤭 The Czech National Bank made its first-ever crypto purchase, buying $1M worth of digital assets to test how a future reserve might work. 💰
The pilot includes Bitcoin, a dollar-pegged stablecoin and one tokenized bank deposit. 🧪
Governor Aleš Michl even hinted at a future where Czech bonds, payments and investments become tokenized and just one tap away. 📲
The move follows months of exploration into Bitcoin, plus earlier buys of Coinbase stock worth over $15M. 🚀
US Government Reopens, Crypto Progress Back On Track 🕶️
The 43-day US government shutdown is officially over after President Trump signed the funding bill, putting federal agencies back to work. 📝
👉 The bill keeps operations funded through Jan 30, giving Congress more time to negotiate a longer-term deal.
ETF issuers have been waiting for movement on several spot applications, and the CFTC is preparing for its Nov 19 confirmation hearing for Mike Selig, Trump’s nominee to lead the agency. ⚖️
The Treasury can also now continue reviewing public feedback on the GENIUS Act, the new stablecoin framework. 💵
21Shares Rolls Out New Crypto Index ETFs 📊
21Shares just launched two crypto index ETFs built under the stricter SEC Act 40 framework, giving the products the same governance and disclosure rules as traditional US funds. 🧾
The ETFs, TTOP and TXBC, track FTSE Russell indexes and hold baskets of top digital assets, offering diversified exposure instead of single-token bets. 📈 More institutional money coming! 🚀👨🚀
🌍️ Story of the Week: Why Bitcoin Keeps Getting Smacked Down
Bitcoin has been stuck under $106K for weeks, even as stocks and gold show strength. 📉
This week, it even looks like sub-100K is becoming the new reality. Heavy selling is going on. 😬
There was a fair attempt at breaking above $106K, but bulls soon surrendered. Source: TradingView
1) Dollar Strength Keeps Crushing BTC 💵
The US Dollar Index has been climbing, signaling renewed confidence in US fiscal management. 📈
🔎 A stronger dollar usually pressures $BTC because global investors rotate into safer assets and step back from crypto.
The chart shows the US Dollar Index climbing while BTC/USD keeps slipping.
2) Corporate Bitcoin Buyers Are Tapping the Brakes 🚦
👉 Companies like MicroStrategy and Metaplanet were big buyers when their shares traded at a premium. That premium is now gone. 🫠
And raising capital through new shares would dilute investors, so the incentive to buy more $BTC has dropped.
3) Long-Term Holders Are Dumping 🧨
Some of the biggest moves came from wallets dormant since 2018 and earlier. One of the most talked-about cases is Owen Gunden, who reportedly holds over $1B in $BTC. 🔍
In the past week, he sent more than 1,800 $BTC to Kraken worth over $200M. 📤
One of Owen Gunden's transactions.
It’s Not All Bad 🌈
Some cryptos, like privacy-based boomer coins, are completely stealing the spotlight. 🌚
Zcash is up 99 percent in the last month, with strong gains in Decred, Dash and Monero. Traders are rotating into altcoins. 📈
Maybe altcoin season is coming? We will let you know! 🔔
🔒 Major Token Unlocks of the Week
$APE - 1.54% of the total supply will enter circulation on Nov 17, 2025.
$ZBT - 3.74% of the total supply will enter circulation on Nov 17, 2025.
$ZRO - 3.26% of the total supply will enter circulation on Nov 20, 2025.
$ESPORTS - 4.60% of the total supply will enter circulation on Nov 20, 2025.
$MAMO - 6.50% of the total supply will enter circulation on Nov 21, 2025.
Explore more unlocks with full vesting details.
💡 1 Minute Learning: Dark Pools on DEXs
On-chain markets look fully transparent on the surface, but some DEXs now use dark pools where large trades are executed privately. 🕳️ Orders skip the public mempool so bots cannot front-run or sandwich the flow. 🤖❌
How Dark Pools Work
Instead of sending a swap to the mempool, the trade is handled inside a closed matching system that only reveals the final result once it is completed. 🔒
🔎 This setup prevents bots from reacting to the order and stops the market from moving before the trade goes through.
Dark pools allow whales to move size without causing huge slippage 📉 and give traders cleaner execution overall. 🐋
The downside is that traders lose visibility since the activity happens outside the public mempool. 👀 It can be risky if the operator fails or behaves unfairly. ⚠️
🗞️ From our Blog
And that’s a wrap! 🎉 Enjoyed this newsletter? Forward it to a friend, and let them know they can subscribe here.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and not investment advice or a solicitation to buy or sell any assets or make financial decisions. Always do your own research and stay safe out there.