On Thursday, another stablecoin, this one dubbed ‘USDX’ from Stable Labs, took 
a nosedive off its $1 peg, skidding all the way down to $0.3736. The meltdown, 
some say, traces back to the Balancer exploit that left more than $100 million 
vanishing into the ether. USDX Springs a Leak After the Stream Finance 
debacle—where its […]

USDX Stablecoin Breaks From Its $1 Peg, Sliding to $0.37

For fintech founder and investor Arthur Azizov, this current retrenchment 
marks a turning point. VCs, he says, are increasingly turning to 
infrastructure plays.

Interview: October crypto crash signals end of easy VC money: B2 Ventures

A day after another billion-dollar liquidation cascade, veteran crypto analyst 
Trader Mayne says his core thesis is unchanged: the bull cycle’s top is “not 
in,” and the market is in the process of printing a weekly cycle low that 
could set up one more leg higher into year-end. “I’ve been banging on the drum 
about the high not being in,” he said in a November 5 video, adding that he 
remains “a BTC maxi from the spot perspective,” despite tactical longs and 
shorts that have been hit-and-miss during the recent volatility. Is The 
Bitcoin Bottom In? Mayne framed the selloff—coming less than a month after an 
almost $20 billion wipeout on October 10—as a feature, not a bug, of late- 
cycle price discovery. He argued that speculative leverage rapidly re- 
accumulated in altcoins and that majors still offer sufficient volatility with 
clearer structure. “People were right back on with the leverage… You really 
can’t teach an old dog new tricks,” he said, while emphasizing he now 
“primarily focus[es] on the majors” and holds a core spot stack he hasn’t 
sold. His near-term timing anchor is cycle theory. Drawing on the four-year 
template popularized by Bob Loukas, Mayne said he expects the broader crypto 
top to land between late 2025 and early 2026, but he stressed the immediate 
setup is about nailing a weekly low within a narrow window that “extends until 
about mid next week, November 10.” Related Reading: Analyst Predicts Bitcoin 
Price Crash To $87,000 If This Happens He wants to see “time and space away 
from this low” and a reclaim of the monthly open around $110,000–$112,000 to 
confirm that the decline has been exhausted. If that structure forms, he 
intends to treat $98,000 as the operative bull-market invalidation on a 
weekly-closing basis: “That will confirm to me that this is our bull market 
invalidation… at least in the worst case you have a cut point at like $100k 
Bitcoin.” Mayne supplemented the timing view with a cross-asset read that he 
says has been reliable in prior impulses: gold tends to rally first, with 
Bitcoin following “about 60 to 90 days later.” He cited chart work showing 
gold’s advance now roughly 80–90 days old, which, if the relationship holds, 
would “line up very well with Bitcoin being ready to make its next move.” He 
also expects the BTC-versus-gold cross to bounce, implying outperformance of 
Bitcoin over the precious metal through year-end: “I’m pretty confident this 
chart is due for a big bounce and we’re going to see gold underperform Bitcoin 
for the remainder of the year.” A more subjective—but, in his telling, 
telling—input is the absence of a true “blow-off” in Bitcoin versus the 
vertical arcs seen in AI-heavy equities and gold. With megacaps like Nvidia 
running hard since the spring and gold printing a sharp leg higher, he argued 
that “it just doesn’t sit right… that Bitcoin hasn’t had [its blow-off],” 
suggesting latent upside energy remains to be released if the weekly low locks 
in. On market microstructure and seasonality, Mayne pointed to early-month 
dynamics. In many green months, he said, the low forms in the first third of 
the month, analogous to how Monday’s range often frames the week for intraday 
traders. If November is destined to close higher, an early-month low coupled 
with a monthly-open reclaim would be consistent with his cycle read. “If we’re 
bullish for November… I want to be a bull above the monthly open,” he said. 
The scenario analysis was not one-sided. Mayne repeatedly acknowledged bear 
signals that have emerged on higher timeframes, including a weekly structure 
break, prior sweeps on the weekly and monthly, and building momentum 
divergences. Related Reading: Galaxy Digital Slashes Bitcoin EOY Price Target 
To $120,000 He warned of the possibility that the recent range resolves as 
distribution—“maybe the banks literally came in… and they’ve just been 
distributing on us here”—and laid out a lower-high path in which a rally 
fizzles beneath or just above the prior peak before breaking down. “There’s a 
world where we make an all-time high, but it’s just a weak one… you’re going 
to have the biggest bear div of all bear divs up here,” he said, cautioning 
that a marginal new high followed by a swift rejection would flip his posture. 
In the medium-term, he remains open to two competing macro arcs. In the base 
case, the classic four-year rhythm holds, the late-2025 window marks the cycle 
top, and 2026 skews bearish, though he expects drawdowns on Bitcoin to be 
“truncated” relative to prior 80% collapses given deeper institutional 
participation. In the alternative, the market “right-translates”—an atypical 
extension in which a new all-time high could print as late as Q1 2026—forcing 
a reassessment of the four-year template. Either way, he said, his plan is to 
sell strength on the next leg and reassess if the market presents higher-low 
continuation after a new high: “If the market appears to still be bullish, 
guess what? I can get back on the bull train.” Mayne also flagged the US 
dollar as a 2026 risk pivot, arguing the DXY is carving a “serious low” on 
multi-month and yearly structures that could precede a “deflationary rally.” 
While not a one-to-one driver, he said a strong dollar tends to pressure 
crypto and other risk assets. That macro overlay, combined with what he views 
as froth in AI-linked equities, underpins his caution beyond the next advance. 
At press time, Bitcoin traded at $103,412. Featured image created with DALL.E, 
chart from TradingView.com

Did Bitcoin Just Bottom? Trader Says The Low Must Form Now

Hadron by Tether, the asset tokenization platform of Tether, has entered a 
strategic partnership with global asset management firm Kraneshares and 
regulated platform Bitfinex Securities to accelerate the development and 
adoption of tokenized securities across international markets. Tether’s Hadron 
Partners With Kraneshares According to the release shared with Bitcoin.com 
News, the alliance brings together technical […]

Tether and Kraneshares Forge Alliance to Drive Global Tokenization Efforts

XRP saw record wallet growth and easing whale outflows, hinting at a potential 
market bottom despite the recent price weakness.

Cryptocurrency price in UAH