The News Tribune Weekly!
Welcome to another edition of our weekly newsletter, where we bring you the stories, trends, and developments shaping the economic, digital, and crypto world. From market movements and Bitcoin trends to emerging ideas and industry shifts, here’s what caught our attention this week.
Without further ado, let’s move on to point 1!
Bitcoin's Supply Movement Slows While Ethereum Takes a Different Direction
Bitcoin and Ethereum may be the two biggest names in the crypto market, but their latest supply figures reveal just how differently they are behaving. While fewer Bitcoin coins are changing hands, Ethereum continues to record more frequent movement across its supply. Data from on-chain analytics platform Alphractal provides a closer look at this growing difference.
Bitcoin Records a Decade-Low Supply Velocity
To understand what’s happening, it helps to look at supply velocity. This metric measures how frequently coins move from one holder to another over a given period. A lower reading suggests less frequent movement, while a higher one indicates that coins are changing hands more often.
Alphractal puts Bitcoin’s supply velocity at 1.97, its lowest reading in more than ten years. This comes as the network gets closer to its maximum supply of 21 million BTC, with approximately 20.11 million already mined.
Ethereum is showing a different pattern. Its supply velocity currently sits at 6.88, with a total supply of 122.19 million ETH. Unlike Bitcoin, its supply also continues to grow gradually.
Bitcoin’s Scarcity Brings Long-Term Expectations
The difference is particularly interesting because Ethereum’s one-year supply velocity is approximately 3.5 times that of Bitcoin, according to Alphractal founder and CEO Joao Wedson.
Bitcoin’s limited issuance has also strengthened its scarcity argument. Based on the Stock-to-Flow model, BTC is now approximately twice as scarce as gold.
Wedson believes Bitcoin could eventually reach $1 million, although he acknowledges that this may take several more years. For him, continued demand will be essential to achieving that milestone.
And that’s an important point. Having fewer coins in circulation does not automatically mean a cryptocurrency will become more valuable. Bitcoin’s scarcity may give it an advantage, but people must continue to want and buy the asset for that advantage to translate into long-term value.
💸 Bitcoin ETFs Lose $1.28 Billion as Annual Flows Return to the Red
Bitcoin ETFs have had a difficult week, and the latest figures show just how quickly investor sentiment can change. US spot Bitcoin funds lost $1.28 billion during the week ending November 6, marking their worst weekly performance since June. The withdrawals also erased their recent return to positive annual flows, leaving the funds with a $914.1 million deficit for 2026.
The reversal raises questions about whether institutional investors are still willing to provide consistent support for Bitcoin amid growing uncertainty across financial markets.
📉 ETF Selling Pushes 2026 Flows Into Negative Territory
The 12 US spot Bitcoin ETFs entered the week with approximately $368 million in net inflows since January. By Friday, their combined annual balance had fallen to a $914.1 million deficit.
Four of the five trading sessions ended with net withdrawals. Monday recorded $398.6 million in outflows, followed by $115.6 million on Tuesday. Wednesday brought $74.6 million in fresh capital, but withdrawals returned on Thursday and Friday, reaching $430.2 million and $411.9 million, respectively.
The weekly result ranks as the seventh-largest outflow since these investment products launched in January 2024. The previous major setback came during the week ending June 26, when investors withdrew $1.79 billion.
Market uncertainty surrounding the Binance hack, US political developments, weakness in technology stocks and changing interest rate expectations contributed to the difficult environment.
🏦 BlackRock’s IBIT Takes the Biggest Hit
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for most of Friday’s withdrawals, losing approximately $403 million, or 88% of the session’s gross outflows.
Bitwise’s BITB and ARK 21Shares’ ARKB each recorded losses of around $20 million, while Grayscale’s GBTC shed another $11.1 million.
Fidelity offered a different picture. Its FBTC attracted $42.8 million on Friday, despite recording $199.9 million in withdrawals a day earlier.
IBIT remains a major institutional investment vehicle, holding approximately $60.3 billion in net assets and $65.1 billion in cumulative inflows since launch.
🔻 Pressure Extends Beyond Bitcoin
The selling was not restricted to Bitcoin products. Ether ETFs lost $365.3 million during the week, extending their negative run to six consecutive weeks. Solana and Hyperliquid funds also recorded their fifth straight week of withdrawals.
Combined Bitcoin holdings across the 12 US ETFs declined by 2.3% to approximately $95.9 billion, representing around 6.3% of Bitcoin’s market capitalization. This reduction reflects both falling prices and investor withdrawals.
The latest figures show that institutional ETF demand is no longer providing consistent support for Bitcoin. With annual flows now negative, a sustained return of capital will be important in rebuilding that demand and supporting a stronger market recovery.
Weekly Recap: The Headlines That Made a Splash!
Like every Monday, here’s your pick of last week’s crypto news that you absolutely shouldn’t have missed!
However, if you’re the type who likes to stay updated every day, we’ve got just the thing for you. We’ve set up a Daily on our Substack. In just five minutes, you’ll be fully in the loop on everything happening in the crypto world! 😎
⚖️ US Election Results Put the Clarity Act’s Future in Doubt
The Democrats’ victory in the November 3 midterm elections has reshaped the outlook for crypto regulation in Washington. With the party set to control both chambers of Congress from January 2027, the Clarity Act faces a more uncertain path after already failing to secure the 60 Senate votes needed to advance in September.
Galaxy Digital expects limited progress on major crypto legislation under the new majority. The possible return of Elizabeth Warren and Maxine Waters to influential financial committee positions could also shift priorities towards stricter oversight, consumer protection and potential investigations. Yet the bill has not been formally abandoned, and some Democrats remain supportive of digital assets.
👉 Read the article
🚨 Binance CFO Departs Nine Days After $6.3 Billion Hack
Binance has confirmed that CFO Kaiser Ng is leaving after more than five years at the exchange. The announcement came on November 7, just nine days after a hack that reportedly diverted around $6.3 billion in digital assets and forced the platform to temporarily suspend withdrawals.
Justin Yek, formerly Vice President of Finance at Airwallex, will take over. Co-CEO Yi He said the transition had been prepared six months earlier, before the attack, and that no connection between the two events has been established. Meanwhile, Binance says it has replenished around 95% of the affected assets using its own resources and protection funds. The investigation and recovery efforts are still ongoing.
👉 Read the article
📈 Wall Street Raises the Bar for Anthropic’s IPO
Anthropic is seeking to move ahead with its planned IPO, but a sharp correction in technology stocks has put pressure on its expected valuation. Figures once discussed around $2 trillion have shifted towards a range of $1.25 trillion to $1.75 trillion, with a possible midpoint near $1.5 trillion.
Investors are looking beyond Claude’s rapid expansion to examine the cost of sustaining it. Quarterly revenue reached about $17 billion, but sequential growth slowed, while infrastructure commitments approached $895 billion. October revenue figures could now influence the final pricing. The listing would provide substantial funding for expansion, but investors are weighing that need against the company’s losses and enormous computing commitments.
👉 Read the article
🌪️ Wall Street Sell-Off Sparks $530 Million Exodus from Crypto ETFs
Bitcoin and Ether spot ETFs recorded $530 million in net outflows on November 5, as a sharp Wall Street sell-off erased nearly $3 trillion in market value. US Bitcoin ETFs lost $430.23 million, while Ether funds saw another $99.98 million withdrawn. No Bitcoin ETF registered positive flows that day.
The withdrawals came after a brief rebound on November 4, when the funds attracted $127.6 million. Several major managers, including Fidelity and BlackRock, recorded substantial outflows. The broader trend had already been weakening, with Bitcoin ETFs losing around $1.51 billion since October 30. The figures raise questions about how institutional investors respond when volatility spreads across traditional and crypto markets.
👉 Read the article
🔍 Trump’s Crypto Ventures Could Face a New Congressional Investigation
The Democrats’ victory in the November 3 midterm elections has opened the way for closer scrutiny of Donald Trump’s cryptocurrency interests. With control of both chambers of Congress expected to shift in January 2027, lawmakers could use committee hearings, document requests and subpoenas to examine businesses linked to the president’s family.
World Liberty Financial, its USD1 stablecoin and investments involving foreign partners are among the areas attracting attention. Reuters estimates that four Trump-family crypto ventures generated around $2.3 billion in profits through April 2026, although this figure is not equivalent to Trump’s personally verified earnings. No congressional finding has established wrongdoing. The coming months could bring closer examination of the relationships between political power and crypto business.
👉 Read the article
🎣 A Fake Job Interview Opened the Door to Binance’s $6.34 Billion Hack
Binance’s investigation into its October 29 breach points to a months-long operation that began with deceptive recruitment tactics. Hackers posing as employers persuaded an engineer to download a coding assignment containing malware, giving them access to a work computer. They later exploited stolen credentials and an internal AI tool to reach systems involved in authorizing wallet transactions.
The attackers transferred billions in digital assets, including XRP, Solana and Bitcoin. Binance says around $2.85 billion was frozen or intercepted and that it replenished 98% of the affected assets using its own resources. The incident raises questions about how ordinary workplace interactions and compromised developer tools can become entry points into critical crypto infrastructure.
👉 Read the article
😡 Memecoins Exploit a Footballer’s Death, Triggering Crypto Community Backlash
Tokens bearing the name and image of Spanish footballer Jesús de Miguel appeared shortly after his death on November 3. The 30-year-old CD Tenerife striker died following a collision during a match against FC Andorra. Screenshots circulated on X showing traders displaying gains on tokens linked to his death, including positions showing profits of $84.99 and $90.29.
The posts prompted criticism from crypto users, including memecoin traders, who questioned the ethics of turning a personal tragedy into a speculative opportunity. The identities of the token creators remain unknown, and the displayed gains do not prove that profits were actually realized. The episode has renewed questions about moderation on Pump.fun and the limits of token creation around real-world events.
👉 Read the article
🐕 Shibarium’s Silence Leaves the Shiba Inu Community Searching for Answers
The official Shibarium account has not published an update since July 13, 2026, leaving the Shiba Inu community without a clear source of information during a technical rebuilding phase. The blockchain remains operational, but activity has slowed: its explorer recorded around 1,020 daily transactions, compared with a recent peak of 6,370 on October 31. Only 65% of blocks had been reindexed at the time of the report.
The lack of communication has raised questions about the account’s management, the progress of technical work and the network’s long-term funding. A developer has indicated that he is personally covering maintenance costs, but provided no detailed funding plan. The community is now looking for clearer updates and greater transparency.
👉 Read the article
That’s the end of our weekly roundup! 😄
A big thank you for reading. We’ll see you next Monday with even more juicy news from the crypto world!
The Newsletter does not provide investment advice, nor does it offer recommendations to buy or sell financial securities. Any opinions or views that the Newsletter may express in the course of its research activities, particularly regarding markets and/or financial instruments, cannot be held financially liable. Any paid promotions will always be clearly indicated so as not to mislead the reader.
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