🩸BTC ETFs Bleed Billions

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GM, Crypto Nerds and Happy Thanksgiving Week! 🌞 

How is the crypto market today? Edgy and volatile. Bitcoin slightly recovered to around $87K after its recent 33% plunge, which triggered extreme fear in the market.

Is the worst over? Only time could tell…

Breaking: Not a favourable month for Bitcoin as its U.S. Spot ETFs shed $1.2 billion in 4-week cumulative outflows.

Spotlight: The freshly-baked “Bitcoin for America Act” introduced some exciting opportunities for Americans who can now pay federal taxes in Bitcoin.

Headlines:

• 🩸Brutal Month for BTC Spot ETFs

• 🏛️Rep. Davidson’s Bitcoin for America Act

• 🔀 Cardano Splits into Two Chains

• 💠 Saudi Arabia Enhances Tokenization

• 📩 An Urgent Letter to Trump: What’s Inside?

Be the first to know the latest updates in crypto. Join for free. 📩

📊 News flash: Brutal exit ever! 🤯

November marks one of the most challenging months for the crypto market. Nearly $1.2 billion worth of U.S. Spot Bitcoin ETFs exited the week ending Nov 21, recording a 4-week straight outflow of $4 billion, according to SosoValue data.

What Triggered the Negative Outflow? 🤔 

The crypto market is under pressure: On Friday, the market experienced $2 billion in crypto liquidations in just 24 hours as Bitcoin plunged nearly 33% from its early October 2025 All-Time High of $126,000.

Wall Street ETF sell-offs: Huge liquidations from large investment vehicles like BlackRock’s IBIT, Grayscale, and Fidelity’s FBTC further fueled the massive ETF outflow.

Macroeconomic factors: Federal Reserve rate cuts spiked uncertainty among investors to move investments from risky assets to safer or “risk-off” assets like government bonds.

The AI bubble: The rising concern surrounding AI (Artificial Intelligence) valuation of stocks and crypto assets may have led to scepticism among investors, incorrect and risky evaluations of high-risk assets.

🔗 Related: Bitcoin bounces back to $87,500 under 'fragile' market structure: analysts.

Is Quantum Computing a Threat to Bitcoin?

In the crypto industry, panic moves faster than wildfire. So, is the “Quantum threat” for real, and should we be concerned in 2025? The answer is “Yes and No.” Quantum computing is an emerging technology, but it is still in its early stages. So, the threat is real but not imminent. Pheww…right? 😮‍💨 

What is Quantum Threat?

Quantum computers are built on quantum mechanics. Unlike traditional computers that use bits from 0 to 1, Quantum computers use “qubits.” Quantum algorithms can execute complex mathematical problems much faster than any other computer. Qubits utilize mechanisms like “entanglement” that enable multiple calculations to be processed simultaneously. In theory, quantum computing has a superpower that can solve complex mathematical puzzles, alter bitcoin mining, and decode and infiltrate private and public keys. In short, it can attack the very foundation of blockchain infrastructure and crypto.

But do not panic yet! Despite the potential threat, there are only a few quantum computers, mainly used for research. The technology is new and has operational challenges. Moreover, cryptography experts are working on developing quantum-safe algorithms that can protect cryptocurrencies long before the real quantum threat emerges.

🎲 Play the Quiz

Last week’s quiz result: Option C: Someone holding a large amount of crypto. Keep playing, folks! 👍

🏛️ New House Bill: Every American can now pay their Federal taxes in Bitcoin. 🪙 

Details:

On November 20, Rep. Warren Davidson proposed the Bitcoin for America Act, which states that Americans can pay their Federal taxes in Bitcoin and also deposit such payments to the U.S. 's Strategic Bitcoin Reserve.

According to Rep. Warren Davidson, “The Bitcoin for America Act marks an important step toward modernizing our financial systems and embracing the innovation that millions of Americans already use every day.”

What does the New Bill offer?

• All Americans, including the unbanked individuals, can access financial systems and pay federal taxes in Bitcoin.

• The new bill includes Americans as well as U.S. corporate taxpayers.

• The Act is a strategic move to accelerate permissionless and decentralized tax payments.

• Bitcoin as a payment module and the Strategic Reserve will provide a hedge against market inflation, unlike the traditional U.S. dollar.

👉 Also Read: Crypto-Fueled Holiday Spending Roars Ahead With Americans Pivoting Fast From Gift Cards.

Cardano Splits into Two Chains: FBI Intervenes 🕵️‍♂️ 

On November 21, Cardano (ADA) experienced a rare incident, which briefly split the blockchain into two chains after a malformed transaction exposed a 2022 node bug. Following the split, ADA prices dropped almost 16%. The developer responsible for the incident apologized publicly and said it was “dumb enough to rely on AI’s instructions” for testing the transaction. Cardano eventually recovered. However, Cardano Founder Charles Hoskinson claimed on X that it was a “premeditated attack,” and he has involved the FBI to investigate the incident. 📎Read More at The Block.

Saudi Arabia Unveils Real Estate Tokenization 🏘️

In a historic milestone, Saudi Arabia’s Real Estate Registry (RER), under the guidance of the Real Estate General Authority (REGA), launched the world’s first-ever national Blockchain infrastructure for the tokenization of real estate, fractionalization of properties, digital ownership, and registration. The project is powered by SettleMint, a leading asset tokenization platform. With this project, Saudi Arabia aims to digitize property ownership on a large scale through decentralized investments. 📎Read More at Bicoin.com.

Letter to Trump: 65 Crypto Firms Urge Immediate Action 📩 

Over 65 leading crypto firms wrote an urgent letter to President Donald Trump, demanding immediate action to expedite clear regulatory guidance and tax clarity for digital assets in the U.S. The firms took the bold step and outlined specific demands to enforce clarity, avoid regulatory violations and unexpected tax debts, and also to boost America’s competitiveness in the global crypto market. 📎Read More at Bitcoin.com.

• Twitter hacker ordered to pay back £4.1m worth of Bitcoin. CPS News Centre 

• Trump Family Fortune Plummets in Stinging Crypto Crash. MSN

• Crypto Clarity Bill Gains Fresh Hope for December Action as Coinbase Chief Presses DC. API News

• Wirex and Stellar Go Live with Dual-Stablecoin Visa Settlement in USDC and EURC for 7 Million+ Users. Stellar

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