[Delphi Digital: Institutional Crypto Demand Drops 90% from August Peak] Delphi Digital stated on the X platform that institutional crypto demand has significantly declined, with traffic dropping 90% from the August peak of $5.5 billion to less than $500 million in monthly inflows. Capital flows in October have nearly come to a halt, with BTC still attracting some institutional attention, while altcoin trading has essentially stagnated. Strategy's mNAV has decreased from approximately 2.5 at the beginning of 2025 to around 1.2, and speculative premiums have significantly shrunk, despite MSTR trading at a price higher than the BTC it holds. Institutional capital remains in a wait-and-see mode, and the value of existing positions has decreased.

Dtcpay, which handles payment processing for fiat and crypto, raised a sizable pre-Series A round.Kwee Liong Tek, chairman of Pontiac Land, led the investment.

Tether is set to launch its USDT stablecoin on the Kava blockchain.

[Bitwise CEO Reports Over $40 Million Inflows Into ETFs] Bitwise CEO Hunter Horsley posted on the X platform, stating that currently, there are three different Bitwise ETFs in the U.S. that have collectively attracted over $40 million in inflows. He pointed out that while some people are selling, ETF investors are buying, and he believes that most people cannot perfectly time the market bottom. The best strategy, he suggests, is to buy when the assets you like appear cheap. He mentioned that many people consider current crypto assets to be sufficiently cheap and view this moment as an opportunity.

[F2Pool Co-Founder Wang Chun Currently Holds USDC and USDT, Has Not Entered the Market to Buy the Dip] On November 22, F2Pool Co-Founder Wang Chun stated on social media that he currently holds USDC and USDT and has not entered the market to buy the dip. Previous reports indicate that Wang Chun deposited 3,500 ETH into Binance on November 17, transferred 5,000 ETH on July 28, swapped 50 WBTC for 2,794 ETH on April 22, and sold 50 WBTC at an average price of $84,316 on April 19, with 29 WBTC converted to USDC and 20.39 WBTC converted to 1,084.58 ETH.