Ethereum

A valuation dashboard developed by Hashed CEO Simon Kim indicates Ethereum may be trading significantly below its intrinsic value. Using 12 methodologies, the composite fair value calculation places ETH at $4,869, compared to its current market price near $3,000. The analysis incorporates traditional finance frameworks and crypto-native metrics to assess the asset's value.

Kazakhstan's central bank has designated up to $300 million from its gold and foreign exchange reserves for cryptocurrency investments, Governor Timur Suleimenov said November 29, 2025. The actual allocation could range from $50 million to $250 million, depending on market conditions following recent volatility that saw Bitcoin drop 17% before recovering. The bank will wait for market stabilization before executing purchases.

BlackRock received 4,044 BTC valued at $354 million and 80,121 ETH worth $235 million from Coinbase, data show. The transfers represent ETF redemptions as market makers completed withdrawal processes, marking capital exiting the fund structure rather than institutional buying. Bitcoin traded near $90,898 while Ethereum remained above $3,000 during the transfers.

Former BitMEX CEO Arthur Hayes cautioned that Monad, a newly launched layer-1 blockchain, may experience a decline of up to 99% due to its high fully diluted valuation and low circulating float. Hayes classified Monad as a VC-backed token vulnerable to liquidity pressure once insider allocations unlock.

Ethereum is trading at $3,000 with an MVRV ratio of 1.27, reflecting neutral market conditions. The network increased its block gas limit to 60 million from 45 million, while staking inflows rose by 160,000 ETH over the past ten days ahead of the December 3 Fusaka upgrade.

CoinShares has withdrawn all pending spot cryptocurrency ETF applications in the United States, including products tracking XRP, Solana, and Litecoin. The decision follows strong institutional demand, with XRP ETFs attracting over $660 million and Solana ETFs drawing approximately $620 million in net inflows since launch. CEO Jean-Marie Mognetti cited limited differentiation potential and constrained profit margins as the U.S. crypto ETP market consolidates around major institutions.

CoinShares, which manages $10 billion in assets, has withdrawn SEC registration statements for three planned crypto ETFs covering XRP, Solana and Litecoin. CEO Jean-Marie Mognetti cited intense market saturation, with traditional finance giants now controlling over 90% of crypto ETF inflows. The firm will instead focus on developing thematic crypto baskets and actively managed strategies over the next 12 to 18 months.

ETH deposits on Aave reached a record high above 3 million tokens, doubling over the past year. The protocol now holds approximately 50% of total DeFi lending value with $21.4 billion in active loans. Users increasingly leverage Ethereum-based collateral for borrowing as the platform approaches its 92% utilization threshold.

Bitcoin reached $92,969 on Friday before retreating below $91,000, encountering resistance near $93,000. Ethereum struggled to break above $3,000 after recovering from recent lows, while XRP traded at $2.18, facing overhead resistance at $2.25 and $2.50. Market sentiment remained cautious as major cryptocurrencies tested key technical levels.

A wallet linked to Ethereum's 2014 initial coin offering transferred $60 million in ETH to exchanges this week, extending a gradual sell-off that started in September. On-chain data shows the top 1% of Ethereum addresses now control 97.6% of circulating supply, up from 96.1% a year ago, reflecting sustained accumulation by large holders during the recent market downturn.