Dogecoin Flirts With Long-Term Breakdown At Monthly Ichimoku Floor

NewsBTC

Dogecoin is trading directly on top of a long-term support band defined by its monthly Ichimoku cloud, according to a chart shared by crypto analyst Cantonese Cat (@cantonmeow) via X. The analyst summed it up by saying DOGE is “licking the bottom of its monthly Ichimoku cloud.”

Dogecoin Hovers At Key Monthly Ichimoku Support

The 1-month DOGE/USDT chart on Binance, captured on 7 December 2025, shows Dogecoin at around $0.14050, down about 3.8% for the month so far. The monthly candle opened at $0.14599, reached a high of $0.15340 and a low of $0.13177, underlining relatively tight but clearly downward monthly price action.

On the chart, the Ichimoku indicator uses standard 9-26-52-26 settings. The fast conversion line (Tenkan-sen) currently sits near $0.20092, and the base line (Kijun-sen) around $0.27491. The leading spans that form the cloud are plotted near $0.23792 and $0.26674, producing a forward-projected red Kumo that extends well into 2026.

With DOGE at roughly $0.14, price is trading far below both Tenkan and Kijun and is positioned just at the lower boundary of the projected cloud.

That lower cloud edge, which bends into the low-$0.12 to mid-$0.13 area before flattening, is the zone highlighted by Cantonese Cat. The October monthly candle shows a long lower wick that briefly pierced deep below, toward the mid-$0.06 region, but closed back above the cloud floor. The current, still-forming candle again tests just under that boundary and is, at the time of the snapshot, holding marginally above it around $0.14.

For Ichimoku practitioners, the lower Kumo boundary is often treated as the final structural support in a still-constructive higher-timeframe trend. In this case, the implication of the chart is clear: as long as monthly closes remain above roughly $0.12–$0.14, the multi-year structure can still be interpreted as a long-term bottoming zone rather than a completed breakdown.

In other words, for this analyst, Dogecoin’s prospective bottom hinges on whether that monthly Ichimoku support band in the $0.12–$0.14 range continues to hold.

DOGE Sits Inside Key Support Zone In The Weekly Chart

On the weekly DOGE/USDT chart, price is sitting directly in the highlighted red support zone around $0.135–$0.145. This band coincides with a prior multi-week consolidation area and a former horizontal resistance level that capped price before the last major breakout.

Over the past several candles, weekly closes have clustered inside this zone while wicks repeatedly probe through it, underlining how aggressively the market is testing this level. The current candle trades near $0.14392, keeping Dogecoin inside the upper half of the support block but still below the 20-, 50-, 100- and 200-week EMAs, with the 200-week EMA at $0.15563 now just overhead.

At the same time, DOGE has clearly lost the rising black trendline that had connected higher lows from the left side of the chart. After breaking beneath this trend support, the DOGE price dropped sharply. The intersection of the broken trendline and the nearby moving averages now forms an overhead supply region, meaning price is compressing between these levels and the red horizontal support zone.

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OCC boss says ‘no justification’ to judge banks and crypto differently

Cointelegraph

Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC).

Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering novel activities for a national trust bank, but noted “custody and safekeeping services have been happening electronically for decades.”

“There is simply no justification for considering digital assets differently,” he added. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.”

The OCC regulates national banks and has previously seen crypto companies as a risk to the banking system. Only two crypto banks are OCC-licensed: Anchorage Digital, which has held a charter since 2021, and Erebor, which got a preliminary banking charter in October.

Crypto “should have” a way to supervision

Gould said that the banking system has the “capacity to evolve from the telegraph to the blockchain.”

He added that the OCC had received 14 applications to start a new bank so far this year, “including some from entities engaged in novel or digital asset activities,” which was nearly equal to the number of similar applications that the OCC received over the last four years.

“Chartering helps ensure that the banking system continues to keep pace with the evolution of finance and supports our modern economy,” he added. “That is why entities that engage in activities involving digital assets and other novel technologies should have a pathway to become federally supervised banks.”

Gould brushes off banks’ concerns

Gould noted that banks and financial trade groups had raised concerns about crypto companies getting banking charters and the OCC’s ability to oversee them.

“Such concerns risk reversing innovations that would better serve bank customers and support local economies,” he said. “The OCC has also had years of experience supervising a crypto-native national trust bank.”

Gould said the regulator was “hearing from existing national banks, on a near daily basis, about their own initiatives for exciting and innovative products and services.”

“All of this reinforces my confidence in the OCC’s ability to effectively supervise new entrants as well as new activities of existing banks in a fair and even-handed manner,” he added.

Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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22-year-old pleads guilty to money laundering for $263 million crypto syndicate

The Block

The U.S. Justice Department announced today that a key figure in a $263 million social engineering scheme has pleaded guilty to charges.

Before U.S. District Court Judge Colleen Kollar-Kotelly, California resident Evan Tangeman, 22, admitted guilt to participating in a Racketeer Influenced and Corrupt Organizations (RICO) conspiracy by laundering over $3.5 million for the scheme. Tangeman is the ninth defendant to plead guilty in this investigation, the statement noted.

The social engineering enterprise ran its scheme from October 2023 to May 2025. The syndicate grew from a group of friends on online gaming platforms, scattered across California, Connecticut, New York, Florida, and abroad. The scheme stole around 4,100 BTC, valued at $263 million at the time. The same amount is currently worth $371 million.

The group, composed of hackers, organizers, target identifiers, callers, and residential burglars targeting hardware wallets, used stolen databases to target subjects of the attack. Hackers accessed websites and servers to gain crypto-related databases, while identifiers used the database to determine the most valuable targets.

"Callers were responsible for cold-calling victims and convincing them their accounts were the subject of a cyber-attack and the callers were attempting to help secure their accounts," the indictment said.

The stolen cryptocurrency was used to purchase millions of dollars worth of nightclub services, luxury handbags, watches, cars, rental homes, private jet rentals and a team of private security guards.

Tangeman assisted the scheme's members by using a bulk-cash converter to exchange the stolen cryptocurrency into cash, which the members used to obtain rental homes. He then used fake names on property leases, concealing the real owners. Tangeman's sentencing is scheduled for April 24, 2026.

With Tangeman's guilty plea, the court unsealed its second superseding indictment of the case, which charges three more defendants — Nicholas Dellecave, Mustafa Ibrahim and Danish Zulfiqar — who were recently arrested.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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CFTC pilot opens path for crypto as collateral in derivative markets

Cointelegraph

The US Commodity Futures Trading Commission (CFTC) has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets.

Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover any potential losses.

The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, will allow futures commission merchants (FCM) — a company that facilitates futures trades for clients — to accept Bitcoin (BTC), Ether (ETH) and Circle’s stablecoin USDC (USDC) for margin collateral.

The CFTC pilot is another step toward integrating crypto into regulated markets, and Circle CEO Heath Tarbert said it will also protect customers, reduce settlement frictions because tokenized collateral moves instantly onchain, and assist with risk reduction.

Pham said in a statement that the pilot program also “establishes clear guardrails to protect customer assets and provides enhanced CFTC monitoring and reporting.”

As part of the pilot, participating FCMs will be subject to strict reporting criteria, which require weekly reports on total customer holdings and any significant issues that may affect the use of crypto as collateral.

Updated CFTC guidance for tokenized assets

The CFTC’s Market Participants Division, Division of Market Oversight, and Division of Clearing and Risk also issued updated guidance on the use of tokenized assets as collateral in the trading of futures and swaps.

The guidance covers tokenized real-world assets, including US Treasury’s money market funds, and topics such as eligible tokenized assets, legal enforceability, segregation, and control arrangements.

Pham said in an X post on Monday that the “guidance provides regulatory clarity and opens the door for more digital assets to be added as collateral by exchanges and brokers, in addition to US Treasurys and money market funds.”

The Market Participants Division also issued a “no-action position” on specific requirements regarding the use of payment stablecoins as customer margin collateral and the holding of certain proprietary payment stablecoins in segregated customer accounts.

A CFTC Staff Advisory that restricted FCMs’ ability to accept crypto as customer collateral, Staff Advisory 20-34, was also withdrawn because it is “outdated and no longer relevant,” in part due to the GENIUS Act.

Crypto execs back CFTC move

Several crypto executives applauded the move by the CFTC.

Katherine Kirkpatrick Bos, the general counsel at blockchain company StarkWare, said the use of “tokenized collateral in the derivatives markets is MASSIVE.”

Related: US regulators dismiss SEC-CFTC merger rumors, move to dispel crypto ‘FUD’

“Atomic settlement, transparency, automation, capital efficiency, savings. Feels abrupt but who recalls the tokenization summit in 2/24, a glimmer of hope in the darkness,” she said.

Coinbase chief legal officer Paul Grewal also supported the action, calling Staff Advisory 20-34 a “concrete ceiling on innovation.”

“It relied on outdated info, went well beyond the bounds of regulation and frustrated the goals of the PWG.”

Meanwhile, Salman Banaei, the general counsel at layer-1 blockchain, the Plume Network, said it was a “major move” by the CFTC, and another push toward wider adoption.

“This is a step toward the use of onchain infra to automate settlement for the biggest asset class in the world: OTC derivatives, swaps,” he added.

Magazine: XRP’s ‘now or never’ moment, Kalshi taps Solana: Hodler’s Digest, Nov. 30 – Dec. 6

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Bitcoin Alert: Saylor Signals New Purchase As His Favorite Indicator Returns

NewsBTC

Michael Saylor’s hint about a fresh Bitcoin purchase has renewed talk among traders and investors, even as on-chain stress signals point to a tougher stretch for the network. The mix of heavy buying by public firms and signs of miner strain is drawing attention from both bulls and bears.

Saylor’s Tracker Signals

According to a StrategyTracker chart shared by Michael Saylor, Strategy holds about 650,000 BTC with a portfolio value near $58 billion. The chart lists an average purchase price of $74,436 and shows 88 confirmed buy events over time.

Saylor captioned the image “Back to Orange Dots?” — a short, familiar cue that has often come before a new accumulation round.

Strategy’s most recent reported move was a 130 BTC buy, which fits the company’s long habit of adding during periods of market fear. That pattern matters because when an entity repeatedly buys through downswings, it shapes how other investors react.

Michael Saylor
@saylor
₿ack to Orange Dots? pic.twitter.com/npB0NWSZ52
Dec 07, 2025

Corporate Buying Continues

Based on reports from BitcoinTreasuries.NET, the top 100 public firms now hold about 1,059,453 BTC combined. ABTC reportedly added 363 BTC, the largest increase this week, while Cango Inc. purchased 130.6 BTC.

Other names cited in recent filings include Bitdeer, BitFuFu, Hyperscale Data, Genius Group, and Bitcoin Hodl Co. These moves show that some companies keep expanding reserves even when prices wobble.

For market watchers, steady corporate accumulation can be a calming force, though it does not erase broader sell pressure. On-Chain Stress Indicators

According to Glassnode charts shared by the Bitcoin Archive, the Hash Ribbon has shifted bearish again, a sign that some miners are facing stress or even pausing operations.

Short-Term Holder NUPL has fallen below zero, meaning many recent buyers are holding coins at a loss. Historically, episodes where miners are squeezed at the same time new holders are underwater have appeared near significant lows.

That outcome is not certain, but the combination of technical miner strain and unrealized losses among short-term wallets is the kind of setup traders watch closely.What Traders Are Watching Now

Traders are monitoring whether the miner stress and losses among fresh buyers will coincide with renewed buying by big holders.

Some expect that corporate purchases and purchases by Strategy could blunt downside and spark a rebound. Others remain cautious because on-chain indicators point to real strain.

Market action around major events, like central bank announcements, has also shown Bitcoin can stall before policy moves and then move sharply after.

Featured image from Unsplash, chart from TradingView

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Smart Whales Align: Top Performers Go All-In On Ethereum Long Positions With Over $425M in Exposure

NewsBTC

Ethereum has reclaimed the $3,150 level after a volatile stretch, offering a rare sign of strength in an otherwise uncertain market. The broader crypto landscape remains sharply divided: some analysts argue that ETH and the rest of the market still face downward continuation, potentially setting new local lows, while others believe this correction is simply a reset before a much larger bull cycle—possibly extending into 2026.

Yet one signal stands out clearly amid the noise: smart whales are unanimously going long on ETH. On-chain data shows that several of the most profitable and consistent whale traders—each with tens of millions in realized gains—have opened substantial long positions, collectively exceeding hundreds of millions of dollars. Their coordinated behavior indicates confidence that Ethereum’s recent lows represent opportunity rather than danger.

This alignment among top-performing whales introduces a compelling counterpoint to bearish narratives. While retail sentiment remains fragile, the most sophisticated market participants appear to be positioning for a larger move ahead. As Ethereum stabilizes above $3,150, the question now becomes whether whale conviction will prove to be early—or correct.

Top Performers Load Up on Ethereum

According to Hyperdash data shared by Lookonchain, some of the most successful and influential whales in the market are aggressively accumulating Ethereum—sending a strong signal that high-conviction players expect upside ahead.

One of the most notable is BitcoinOG, the trader widely recognized for shorting the market during the violent 10/10 crash, a move that earned him significant credibility. With a total realized PNL of $105 million, BitcoinOG is now positioned firmly on the bullish side, holding 54,277 ETH worth approximately $169.48 million.

BitcoinOG Ethereum Position | Source: Hyperdash

Another major player is the well-known Anti-CZ whale, named for his historical pattern of taking the opposite side of positions favored by Binance founder Changpeng Zhao. With an impressive $58.8 million in total PNL, this whale is currently long 62,156 ETH—a massive $194 million position. His trades have often been early indicators of broad market direction, adding weight to this shift toward bullish exposure.

Finally, pension-usdt.eth, a consistently profitable whale address with $16.3 million in realized gains, is long 20,000 ETH valued at $62.5 million.

Taken together, these positions reflect a unified stance among top-performing whales: despite market uncertainty, they are positioning for Ethereum strength.

Weekly Structure Shows Early Signs of Stabilization

Ethereum’s weekly chart reveals a market attempting to regain its footing after a sharp multi-week decline from the $4,500 region. The recent reclaim of $3,150 is a meaningful development, as this level aligns closely with prior weekly support from mid-2024 and sits just above the 50-week moving average—an area that often acts as a trend-defining zone. ETH briefly dipped below this region during the November selloff, but buyers stepped in aggressively, producing a strong weekly wick that signals demand at lower levels.

ETH consolidates around critical level Source: ETHUSDT chart on TradingView

Despite this recovery attempt, ETH remains below key resistance levels. The 20-week and 100-week moving averages are positioned above the current price and converging, creating a zone of potential rejection unless momentum strengthens. For now, ETH is trading in a transitional structure: no longer trending downward aggressively, but not yet showing a confirmed bullish reversal on high timeframes.

Volume patterns also support this interpretation. Selling volume has diminished compared to the capitulation phase, while recent green candles show moderate but steady buying interest—suggesting accumulation rather than full risk-on behavior.

If ETH can establish consecutive weekly closes above $3,200–$3,300, the chart opens the door for a retest of the $3,600–$3,800 range. Failure to hold $3,150, however, risks another move toward $2,800 support.

Featured image from ChatGPT, chart from TradingView.com

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Sen. Moreno calls crypto bill talks ‘decently frustrating’ as Senate races toward year-end goal posts

The Block

Negotiations on a bill to regulate the cryptocurrency industry at large have been "decently frustrating" over the past few weeks, Ohio Republican Sen. Bernie Moreno said, as Democrats and Republicans are set to meet on Tuesday.

Despite passing a law regulating stablecoins this summer, U.S. lawmakers have faced roadblocks on a more comprehensive bill for crypto market structure — essentially clarifying jurisdiction between agencies like the Securities and Exchange Commission and Commodity Futures Trading Commission, and passing consumer protections.

On Monday at the Blockchain Association Policy Summit in Washington D.C., Moreno shed light on ongoing discussions on what should be included in that larger bill.

"What I don't want to do is promulgate a bad bill just to say that we passed something," Moreno said, adding, "no deal is better than a bad deal."

Moreno plans to meet with Democrats on Tuesday morning. "We'll see where their heads are at, but it's been decently frustrating in the last couple weeks," he said.

Different drafts

The two legislative chambers, the House and Senate, have different versions of a market structure bill that still need to be sorted.

The House passed its version of a bill to regulate the crypto industry in July, called the Digital Asset Market Clarity Act, or Clarity for short. And while the Senate's proposals are not drastically different, passing bills is generally harder in the Senate than in the House.

Moreno sits on the Senate Banking Committee, a pivotal panel drafting its own version of a crypto market structure bill. The committee, led by Republicans, has a draft that looks to allocate jurisdiction between the SEC and CFTC, as well as create a new term for "ancillary assets" to clarify which cryptocurrencies are not securities.

The Senate Banking Committee has to work alongside the Senate Agriculture Committee, which released draft legislation last month that would give new authority to the CFTC.

Both bills would need to go through a process to make changes to the bill and ultimately vote on it during congressional hearings.

Christmas reconciliation?

Last week, in audio obtained by The Block, Senate Banking Committee Chair Tim Scott, R-S.C., told partygoers at an event called "Crypto Christmas" that there is a "realistic path" to have that committee markup hearing on Dec. 17 or 18.

However, on Monday, Sen. Mark Warner, D-Va., told Crypto In America's Eleanor Terrett that getting a markup hearing done before the holidays would be difficult and that they are waiting on White House language around quorum and ethics. Warner is also a member of the Senate Banking Committee. Crypto In America earlier reported news on the timing of the markup.

Other issues have arisen with the bill, including language around stablecoin yield with banks and the crypto industry taking two separate stances and how decentralized finance should be regulated, Variant Fund Chief Legal Officer Jake Chervinsky said last week.

Many Democrats have also voiced concerns about President Donald Trump's conflicts of interest, adding to the difficulties around passing crypto legislation. Bloomberg estimated in July that the sitting president has profited some $620 million from his family's crypto ventures, including the World Liberty Financial DeFi and stablecoin project, which lists Trump and his three sons as co-founders. The family also has a 20% stake in the mining firm American Bitcoin, and legislators have repeatedly raised concerns about the free-floating TRUMP and MELANIA memecoins launched the weekend before Trump took office.

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