Hello and welcome as we checkout the major crypto developments from yesterday, the 17th of November, 2025.
Bitcoin Erases Gains in Major Crypto Development
In one of the most shocking major crypto developments of the year, Bitcoin plunged over the weekend, briefly erasing all of its hard-fought 2025 gains and sending shockwaves through the entire market.
The world’s largest cryptocurrency cratered to a low of $93,029 on Sunday from its October all-time high. This is despite high hopes pinned on the pro-crypto Trump administration.
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Bitcoin kicked off the year around $93,500, meaning it temporarily traded in the red for 2025 before clawing back to roughly $94,200, according to CoinGecko.
Ethereum Gets Its Own Treasury Boost
On the altcoin front, Republic Technologies; formerly known as Beyond Medical Technologies, just locked in a $100 million convertible note facility to power its Ether holdings.
What makes this deal stand out is the fact that the terms are unusually investor-friendly for crypto; including 0% interest, no ongoing payments, and no collateral top-ups if ETH’s price tanks. That means no forced selling during downturns; a nightmare that has crushed leveraged players in the past.
Republic plans to plow the funds into buying more ETH and scaling its Ethereum validator network, earning steady rewards, while securing the blockchain.
It’s a smart, low-dilution play that mirrors the Bitcoin treasury trend but on Ethereum’s proof-of-stake rails.
Scaramucci family Funnels $100 Million to American Bitcoin
In a stunning display that Bitcoin truly “transcends politics,” the Scaramucci family led by former Trump critic Anthony Scaramucci and his son AJ poured over $100 million into American Bitcoin, the mining giant co-founded by Eric Trump and backed by Donald Trump Jr.
Yes! That really happened!
Through their firm Solari Capital, the Scaramuccis sent a massive $220 million funding round in July, just before the company went public via reverse merger in September.
AJ Scaramucci confirmed the eight-figure commitment to Fortune, while his father added a personal stake. Even big names in crypto like Tony Robbins, Cardano founder Charles Hoskinson, Grant Cardone, and Peter Diamandis were part of this deal.
“Bitcoin transcends politics,” AJ Scaramucci said, proving that $BTC can bridge even the deepest political divides in one of the most headline-grabbing major crypto developments of the quarter.
That wraps up the major crypto developments from yesterday. Stay tuned to Coin Medium for the latest developments in all things crypto. Don’t forget to follow us on social media as well.
