Bitcoin has slipped nearly 20% from its October all-time high, cooling the bullish sentiment that dominated earlier in the year. Analysts are split: some see a typical mid-cycle correction, while others warn that whale sell-offs could deepen the pullback.
Timothy Peterson expects a 2–6 month recovery window, echoing past post-breakout slowdowns in 2017, 2021, and 2024. Meanwhile, older “super whales” have reportedly off-loaded over 1,000 BTC per hour, adding pressure to the market.
But the spotlight this week wasn’t all on Bitcoin. Privacy coins roared back, with Zcash, Dash, and Decred leading the surge after major network updates and new exchange listings. ZKsync also climbed over 100% as developers proposed a tokenomics overhaul to bring more utility to its ecosystem.
From institutional news to whale sell-offs, here are the top six crypto stories shaping the week.
Top Crypto News Recap (November 2-8, 2025)
- •Ripple Prioritizes Growth Over Going Public After SEC Win
- •Bitcoin’s Real Bull Run Is Yet to Begin, Says Jan3’s Samson Mow
- •Thodex Scandal: From $2B Crypto Fraud to Turkey’s Legal Revolution
- •Kazakhstan Plans $1B Crypto Reserve Backed by Gold and Seized Assets
- •Cathie Wood Cuts Bitcoin Forecast as Stablecoins Gain Ground in Emerging Markets
- •Whale Selloffs Weigh on DOGE as ETF Hype Fails to Lift Prices
Ripple Prioritizes Growth Over Going Public After SEC Win
Despite triumphing in its long-standing SEC case, Ripple has ruled out an IPO, citing strong capitalization and self-sustained growth. President Monica Long confirmed the company’s focus on expansion, backed by a $500 million investment from major firms and rising adoption of its RLUSD stablecoin, valuing Ripple at $40 billion.
Bitcoin’s Real Bull Run Is Yet to Begin, Says Jan3’s Samson Mow
Samson Mow, founder of Jan3, claims Bitcoin’s true bull run hasn’t started despite its price nearing $100K. He dismisses fears of early holders selling, urging traders to focus on long-term growth. Mow predicts major upside ahead—possibly a $1M surge or decade-long rally—arguing Bitcoin’s cycles may be ending.
Thodex Scandal: From $2B Crypto Fraud to Turkey’s Legal Revolution
Former Thodex CEO Faruk Fatih Özer, serving an 11,000-year sentence for a $2-billion crypto scam, was found dead in prison, reportedly by suicide. His notorious fraud led Turkey to overhaul its crypto laws—banning crypto payments, tightening anti-money laundering rules, and enforcing investor protection—ultimately reshaping the nation’s digital asset landscape.
Kazakhstan Plans $1B Crypto Reserve Backed by Gold and Seized Assets
Kazakhstan is preparing to establish a $1 billion state crypto reserve funded by gold, foreign exchange, and seized assets. The initiative, led by the National Bank, aims to position crypto as a strategic national asset. Backed by partnerships with Binance, Solana, and Mastercard, it marks a major step toward full digital integration.
Cathie Wood Cuts Bitcoin Forecast as Stablecoins Gain Ground in Emerging Markets
ARK Invest’s Cathie Wood lowered her 2030 Bitcoin price prediction from $1.5 million to $1.2 million, citing stablecoins’ unexpected rise as a preferred store of value in inflation-hit economies like Venezuela and Argentina. She noted that stablecoins are rapidly replacing Bitcoin’s role in emerging markets, despite remaining bullish on BTC’s long-term potential.
Whale Selloffs Weigh on DOGE as ETF Hype Fails to Lift Prices
Dogecoin slipped 2.4% to $0.1631 as whales moved over 1 billion DOGE ($440M) in major selloffs, marking the heaviest distribution since October. Despite ETF optimism, technicals signal short-term bearish control. Traders now eye $0.1575–$0.1615 support and $0.1674 resistance, with whale activity likely dictating DOGE’s next move.
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