Kazakhstan will establish a national cryptocurrency reserve holding $500 million to $1 billion in digital assets by January 2026. The fund will comprise confiscated cryptocurrencies, crypto ETFs, and equity stakes in blockchain companies, according to National Bank of Kazakhstan Chairman Timur Suleimenov. President Kassym-Jomart Tokayev ordered the reserve's creation in September 2025 as part of efforts to liberalize the domestic cryptocurrency market.

Changpeng Zhao will appear on Fox News on November 8 for his first television interview following his presidential pardon. The interview is expected to address Binance's decentralization strategy and regulatory developments affecting the cryptocurrency industry.

JPMorgan analysts project Bitcoin could reach $170,000 in the next six to twelve months, representing a 67% increase from the current $101,000 level. The forecast follows significant deleveraging in perpetual futures markets triggered by major liquidations on October 10 and November 3. On-chain data reveals substantial whale accumulation during the recent price correction, though the Coinbase premium remains negative, indicating limited institutional appetite from U.S.-based investors.

Bitcoin options markets show put positions dominating as traders hedge against downside risk. Put options concentrate around the $95,000 strike price, with $5 billion in contracts expiring during weekly settlement. BTC trades near $100,676 with sentiment at extreme fear levels of 24 points, according to Deribit and Glassnode.

JPMorgan increased its December 2026 price target for IREN to $28 from $24, citing the company's $9.7 billion Microsoft contract as validation of its pivot from bitcoin mining to AI infrastructure. Analysts project IREN will need to deploy approximately 120,000 GPUs and 320 megawatts of capacity within 13 months. The buildout is expected to require more than $9 billion in capital expenditure despite Microsoft's upfront payment.

Zcash (ZEC) climbed nearly 30% in 24 hours to around $690, extending a seven-day gain of 85% that briefly pushed the token to $750. The rally coincides with the Puell Multiple—a measure of miner profitability—reaching a record high. Rising hash rates signal renewed confidence in the network.

Leading decentralized applications are generating more fee revenue than their underlying blockchains. PumpFun accumulated $724 million in fees over the past year, while Hyperliquid earned $667 million, both exceeding Solana's $632 million in fees, data show. The trend highlights a fundamental shift in value capture within blockchain ecosystems.

Bitcoin's bid-ask ratio has turned positive at +0.2, marking the first positive reading in months, data show. The metric indicates buy-side liquidity is accumulating below current price levels near $100,000. The shift suggests strong buying interest and potential for upward movement, according to CryptoQuant analyst Maartunn.