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Monad airdrop, Kraken money, Strategy Raise, UAE & Defi, KlarnaUSD,
Institutional investors pull back, Ondo Finance, Galaxy Digital, Revolut Value, Coinbase acquired Vector
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November 26, 2025
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Cryptoās been busy, headlines are hitting hard. Don't worry we got you. The market has been brewing, here's what's currently happening:
 | A Monad airdrop farmer received $112K worth of MON, then accidentally burned the entire reward on gas fees after hundreds of failed transactions. Blockchain data shows they kept retrying likely via a script, never noticing the failures. The incident comes amid reports that a vulnerability in the Monad claim portal let hackers redirect some usersā allocations to attacker wallets, worsening frustrations around airdrop exploitation. |
 | Kraken is positioning its Krak money app as a full alternative to traditional banks with a new Mastercard debit card offering 1% cashback, multi-asset spending, and no fees across the UK and EU. Users can soon receive salaries directly into the app, earn high APYs through audited DeFi āVaults,ā and freely move between cash and crypto for everyday payments. |
The AI Race Just Went Nuclear ā Own the Rails.
Meta, Google, and Microsoft just reported record profits ā and record AI infrastructure spending:
Meta boosted its AI budget to as much as $72 billion this year.
Google raised its estimate to $93 billion for 2025.
Microsoft is following suit, investing heavily in AI data centers and decision layers.
While Wall Street reacts, the message is clear: AI infrastructure is the next trillion-dollar frontier.
RAD Intel already builds that infrastructure ā the AI decision layer powering marketing performance for Fortune 1000 brands. Backed by Adobe, Fidelity Ventures, and insiders from Google, Meta, and Amazon, the company has raised $50M+, grown valuation 4,900%, and doubled sales contracts in 2025 with seven-figure contracts secured.
š Invest in RAD Intel
This is a paid advertisement for RAD Intel made pursuant to Regulation A+ offering and involves risk, including the possible loss of principal. The valuation is set by the Company and there is currently no public market for the Company's Common Stock. Nasdaq ticker āRADIā has been reserved by RAD Intel and any potential listing is subject to future regulatory approval and market conditions. Investor references reflect factual individual or institutional participation and do not imply endorsement or sponsorship by the referenced companies. Please read the offering circular and related risks at invest.radintel.ai.
 | Strategy has raised $21B so far in 2025, nearly matching last yearās total but with a major shift toward preferred equity. The firm secured $11.9B in common stock, $6.9B in preferred equity (a new focus), and $2B in convertible debt to fuel further Bitcoin accumulation. With its pace ahead of 2024, Strategy is attracting more institutional investors while doubling down on Bitcoin as a corporate treasury asset. |
 | The UAE has passed a new law bringing DeFi and Web3 platforms under central bank regulation, ending the ājust codeā loophole. Any protocol offering payments, lending, custody, exchange, or investment must now be licensed, with penalties up to $272M for violations. Self-custody for individuals stays untouched, but wallet providers and service platforms must comply before Sept 2026, a major shift for crypto in the region. |
 | Klarna has launched KlarnaUSD, a USD-backed stablecoin on StripeāParadigmās Tempo blockchain to cut cross-border payment fees. The BNPL giant says crypto is now mature enough for fast, low-cost global settlement, with adoption driven by its 114M users and $112B in processed volume. KlarnaUSD is live on Tempoās testnet and set for mainnet in 2026, issued through Stripeās Open Issuance infrastructure, signaling stablecoins moving deeper into mainstream fintech. |
 | Institutional investors pulled $1.94B from crypto funds in a week, marking a fourth straight week of outflows and the third-largest withdrawal streak since 2018, per CoinShares. Bitcoin saw the biggest hit with $1.27B out, followed by $589M from Ethereum, while XRP stood out with $89M of inflows. Selling pressure briefly eased with $258M in late-week inflows, leaving year-to-date flows still positive at $44.4B despite market volatility. |
 | Ondo Finance has invested $25M into Figureās yield-bearing stablecoin, YLDS, adding it to the reserves backing its tokenized U.S. Treasuries fund (OUSG). The move expands Ondoās onchain Treasury portfolio, which already includes products from BlackRock, Fidelity, Franklin Templeton and WisdomTree. YLDS runs on Figureās Provenance blockchain, where the firm has originated over $19B in loans and recently IPOād on Nasdaq. |
 | Galaxy Digital is in talks to provide liquidity for prediction markets Polymarket and Kalshi, Bloomberg reports. The move follows āsmall-scale experimenting,ā with plans for ābroader liquidity,ā according to CEO Mike Novogratz. Polymarket and CFTC-regulated Kalshi dominate the sector with $42.4B in cumulative volume, as prediction markets expand beyond politics into economics, culture, and finance. |
 | Revolut has completed a share sale valuing the company at $75B, led by Coatue, Greenoaks, Fidelity and Dragoneer, with participation from a16z and Nvidiaās NVentures. The deal marks Revolutās fifth employee liquidity event, as the fintech expands globally with banking licenses in Mexico and Colombia and prepares an India launch. Revolut now serves 65M+ customers, generated $4B revenue in 2024, and recently gained approval to offer regulated crypto services under the EUās MiCA regime. |
 | Coinbase acquired Vector, a Solana DEX, to boost its decentralized trading offerings. This follows other 2025 deals like Deribit and Echo, as Coinbase expands toward an āeverything exchangeā while awaiting a US trust charter. The move strengthens Coinbaseās Solana ecosystem presence and DEX integration capabilities. |
šŖBearish or Bullish
Market Overview
After a brief cooling off period in sentiment, macro expectations are beginning to realign with what we've previously outlined. Market participants are once again pricing in a high probability (around 70%) of a 25 basis point rate cut during the December 17th FOMC meeting. While Powellās earlier remarks seemed to downplay the odds, the recent pullback in price action and deteriorating sentiment have brought dovish expectations back into focus.
Meanwhile, the U.S. government has officially reopened. Weāre seeing a return of economic data releases, including backfilled figures from previously missed CPI and labor reports. Unemployment came in hotter than expected last week, triggering an immediate market wide selloff. With volatility back in the fold, this week is all about watching whether recent lows hold and how assets respond to this early bounce attempt.
The harsh reality these past couple weeks is that Bitcoin has now confirmed both of the structural warnings Iāve flagged in past recaps:
Weekly closes below $100,000
Break and close below the 4H FibMA green band
Both of these developments are critical. From a structural standpoint, they imply high probability that the current cycle has topped, or at the very least, that BTC has entered a sustained bearish regime. My current positioning: 90% chance weāve topped, 10% chance BTC surprises and breaks to new highs.
What would negate this bearish outlook?
Itās quite simple: Bitcoin needs to put in a new all-time high and hold $126,000 as support on any backtest. Until then, the burden of proof lies firmly on the bulls.
Short-term, I expect a decent bounce following the sharp sell-off. With price currently reclaiming ground above the 4H FibMA Green band, itās likely weāll see a push upward in the next few weeks. But you need to understand, $100,000 is now a major resistance zone, while the next key area to watch is $107,400. Failure to clear $107,400 cleanly would confirm this bounce as a lower high and the broader downtrend as intact.
ETH/USD
Ethereum ran the "worst case scenario" Iāve mentioned before, reaching and briefly deviating below the cycle mid-level of $2,874. Itās now bounced and is hovering just below the $3,000 mark.
The takeaway here is twofold:
$2,874 must now hold as a key structural support
If ETH is going to show leadership in the final leg of the cycle, it needs to start now
I continue to believe this is Ethereumās last opportunity to guide the broader altcoin market into a full fledged altseason. ETH does not need to go vertical overnight, but we need to see strength, trend reestablishment, and momentum over the coming weeks.
ETH/BTC
The primary focus here is the short term downtrend. If that breaks, ETH is likely to rally aggressively toward its macro downtrend, and potentially challenge it. A break of the macro downtrend, which I still believe is possible, would be the key confirmation signal that alt season has officially begun.
Until then, patience is required as we wait for a catalyst. Even a break of the short-term downtrend could trigger strong performance in altcoins. But if ETH breaks the macro downtrend, thatās when the real fireworks begin.
Altcoin Market Outlook
I've been calling this the "overtime window" for months. I believe we are now in the final 30ā60 days of that window. If ETH asserts dominance vs BTC and Bitcoin stabilizes without reclaiming ATHs, this is the exact setup where alts historically rip faces off:
Strong gains against Bitcoin
Rally in USD terms as ETH pulls the sector higher
Offer high R/R for structured, selective conviction positions
However, the risk curve is steep, and the timeframe is short. This is no longer a time for blind risk-on behavior, take profits when offered, avoid round-tripping gains, and do not get caught re-entering once alt season is in full swing.
Closing Thoughts
This cycle has been pure chaos, policy shocks, Fed pivot after Fed pivot, and a market that keeps rewriting the playbook. Yet the approach thatās kept us alive: stay data driven, respect structure, and evolve in real time.Bitcoin has likely topped. The biggest opportunity of the entire cycle may now be shifting to alts.If ETH steps up, if BTC chills, if sentiment flips, we are about to get the real altseason people have been hallucinating about since 2021.Stay sharp. Stay selective. And when itās time, take profits.
š¤Airdrop Alpha
Airdrop Updates - Week of 23 Nov
100+ Airdrop Opportunities in my Notion Airdrop Tracker: https://bit.ly/droptime
Kinetiq TGE 27 Nov
The Kinetiq token $KNTQ will launch on 27 Nov. Only points holders who signed T&C before the deadline will be able to claim. Those who did not sign would have forfeited their allocation, with those who signed getting a large share of the pool:
Unsigned kPoints: 457,551.95 (3.81% of total) āā resulting in a pro-rata increase of ~3.96% to all kPoints recipients who *did* sign.
Unsigned Hypurr's: 1,866 (40.56% of total) āā resulting in a pro-rata increase of 68.27% to all Hypurrs holders who *did* sign.
Based App integrates Polymarket, now also available on Mobile
Itās now so easy to bet on Polymarket through Based App. You can now do one click transfer from HL Perps balance to Polymarket and place your bet, without leaving the app.
They also recently made this available via their mobile app.
I need not remind you that both of these applications are tokenless š
Sign up here: https://app.based.one/r/CRUZCONTROL
HyperBeat Airdrop in Dec?
Another HyperEVM project getting ready for TGE; if you have Hearts (HyperBeat points) or a holder of Hypurr NFT, go sign their T&C before Dec 5 to become eligible for āfuture benefitsā:
https://www.hyperbeatfoundation.org/airdrop-terms
It looks like the snapshot was taken on 12 Nov.
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