In the ever-evolving world of crypto news, yesterday delivered a mix of market jitters, looming U.S. regulatory shifts, and a major licensing win in Asia. Here are the top stories.
Bitcoin Could Bottom This Week Despite Drop Under $90,00
Bitcoin briefly plunged below the psychological $90,000 barrier, its lowest level in seven months. Yet two Bitcoin analysts say the worst may soon be behind us.
BitMine chairman Tom Lee and Bitwise CIO Matt Hougan both told CNBC that exhaustion signals are flashing and a market bottom could form as early as this week. Lee pointed to lingering pain from the massive October 10 liquidation cascade plus ongoing uncertainty over a possible December Fed rate cut as the main culprits dragging prices lower.
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“There are clear signs of capitulation,” Lee emphasized, citing insights from Demark Analytics founder Tom Demark.
Traders watching crypto news closely will be laser-focused on whether these predictions hold true in the coming sessions.
Major Regulatory Shift Brewing in Latest Crypto News
Fresh crypto news out of Washington reveals the Trump administration is actively reviewing a Treasury Department proposal that could end the era of Americans hiding crypto on offshore exchanges.
Submitted to the White House on November 14, the draft rules would force U.S.-based brokers to share detailed transaction data, including wallet addresses and holdings with foreign tax authorities under reciprocal agreements.
In return, the IRS would automatically receive the same information about U.S. taxpayers’ offshore crypto accounts.
The move is synonymous with the international Crypto-Asset Reporting Framework (CARF), effectively treating overseas crypto exchanges the same way traditional foreign banks have reported U.S. account holders for years.
Hong Kong Hands Amina Crypto Bank Historic License Win
In bullish crypto news from Asia, Swiss-based Amina Crypto Bank just became the first international bank to secure an upgraded “Type 1” license from Hong Kong’s Securities and Futures Commission (SFC).
The approval lets Amina’s Hong Kong subsidiary offer fully regulated trading and custody services to institutional clients, as local crypto trading volume exploded 233% in the first half of 2025.
Institutional clients can now access 13 major assets including Bitcoin (currently at $89,983), Ethereum ($3,003), leading stablecoins USDC and USDT, and top DeFi tokens through bank-grade infrastructure.
That’s your November 18 crypto news wrap-up!
The market remains volatile, regulations are tightening, and Asia continues to roll out the red carpet for institutional players. Stay locked into Coin Medium for real-time crypto news updates and follow us across socials so you never miss the next big move.
