Ethereum

Ethereum liquidated short positions below $3,600 after briefly dropping to $3,200. Over $10 billion in ETH liquidity now sits between $3,600 and $4,500, creating conditions for a potential short squeeze. Whale accumulation and institutional buying have increased during the recent price decline.

ARK Invest purchased 48,454 BitMine shares valued at approximately $2 million on November 8, 2025, across three ETFs. The firm simultaneously sold 71,638 Tesla shares worth roughly $30 million. BitMine maintains 3.4 million ETH in its corporate treasury as part of its digital asset strategy initiated in April 2025.

A Manhattan federal court declared a mistrial in the case against Anton and James Peraire-Bueno, two brothers accused of exploiting MEV-Boost software to extract $25 million from Ethereum in 12 seconds. The jury deadlocked after struggling to apply existing wire fraud and money laundering statutes to blockchain activity. Deliberations reportedly caused emotional distress among jurors, with some brought to tears.

The ETH2 Beacon Deposit Contract has accumulated over 72.4 million ETH valued at approximately $252 billion, making it Ethereum's largest holder, data show. The staking contract now controls roughly 60% of the entire Ethereum supply, surpassing exchanges, institutional entities, and individual wallets.

Asset manager 21Shares has filed an amended prospectus with the Securities and Exchange Commission, initiating a 20-day regulatory countdown under Section 8(a) for its spot XRP exchange-traded fund. Canary Capital's XRP ETF proposal has entered a parallel review window. Both filings signal competitive momentum toward potential approval of XRP investment vehicles in the United States.

21Shares filed Form S-1 Amendment No. 3 for a spot XRP exchange-traded fund on November 8, 2025, according to Bloomberg analyst Eric Balchunas. The submission initiates a 20-day SEC review period under Section 8(a) of the U.S. Securities Act. If no objections emerge, the ETF could become effective automatically, potentially opening institutional access to XRP.

21Shares submitted a Form 8(a) filing with the SEC on November 7, 2025, initiating a 20-day automatic approval countdown for its spot XRP ETF. The fund would trade on Cboe BZX and track the CME CF XRP Dollar Reference Rate. Unless the regulator intervenes, the product could launch around November 27.

Ethereum climbed to nearly $3,500 on November 8 after falling to $3,200 earlier in the day, gaining 4.5%. Analyst Ali Martinez projects ETH could eventually reach $10,000, but suggests the token may first need to drop to $2,000 to flush out weak holders. US spot Ethereum ETFs recorded net outflows of $507.7 million over the past week.

U.S. District Judge Jessica G.L. Clarke declared a mistrial after jurors failed to reach a verdict on fraud charges against Anton and James Peraire-Bueno, who allegedly exploited Ethereum blockchain vulnerabilities to extract $25 million in a 12-second transaction. Prosecutors accused the MIT-educated brothers of manipulating validator software, while defense attorneys characterized their trading strategy as innovative and legally competitive.

JPMorgan Chase expanded its position in BlackRock's iShares Bitcoin Trust by approximately 2.07 million shares during the third quarter, reaching a total of 5.28 million shares valued at around $333 million as of September 30. The bank's ethereum ETF allocation remained minimal at 66 shares worth approximately $1,700. The expansion comes as JPMorgan analysts project bitcoin could reach $170,000 within six to 12 months.