In a volatile crypto landscape, could today’s technical indicators and regulatory moves signal a turning point for decentralized finance protocols and major assets?
Key Developments in Crypto on November 29, 2025
The cryptocurrency sector saw a blend of optimistic technical analyses and procedural setbacks on November 29, with Bitcoin showing signs of stabilization, Ethereum advancing its scalability efforts, and Solana’s ETF ambitions encountering obstacles. These updates highlight ongoing tensions between market sentiment, network improvements, and institutional adoption in the DeFi space.
Bitcoin Poised for Short-Term Rebound as Indicators Suggest Bottom Formation
Market analysts observed potential stabilization in Bitcoin’s price action following recent declines, attributing it to capitulation among sellers and renewed interest from large holders.
- Bitcoin’s weekly Relative Strength Index (RSI) approached the 30 level, a threshold historically associated with oversold conditions and subsequent price recoveries.
- Whale activity indicated a shift, with major players initiating long positions amid extreme fear in market sentiment, a pattern that has preceded bounces in prior downturns.
- Analysts projected a possible relief rally targeting the $100,000 to $110,000 range, though this remains contingent on broader market dynamics and does not confirm a full bull cycle resumption.
Trader Mister Crypto noted in a recent analysis, “We have bottomed out for Bitcoin right here. We have been reaching the 30 level. Boom.” While past cycles support this as a temporary reversal signal, uncertainties persist regarding macroeconomic influences on sustained momentum.
Ethereum's Gas Limit Expansion Sets Stage for Enhanced DeFi Throughput
Ethereum’s core developers continued efforts to bolster network capacity, directly impacting DeFi applications reliant on efficient transaction processing.
- The mainnet block gas limit was recently increased from 45 million to 60 million, marking an initial step toward greater scalability.
- Consensus among developers targets at least a threefold increase to 180 million within the next couple of years, with discussions exploring a potential fivefold rise as early as next year.
- This upgrade aims to reduce transaction fees and support higher volumes, benefiting DeFi protocols by enabling more complex smart contract executions without congestion.
Ethereum educator Anthony Sassano emphasized during a podcast interview, “I think that’s the floor, that’s the minimum, I think we can go higher than that.” He added, “The general consensus that has been set by the core developers and researchers is that they want to aim for at least a 3X increase in the gas limit for the next couple of years.” No immediate societal impacts were detailed, but enhanced capacity could lower barriers for DeFi users globally, though implementation timelines carry some uncertainty based on testing outcomes.
CoinShares Pulls Back on Staked Solana ETF Amid Unfinished Deal
In a regulatory filing, asset manager CoinShares withdrew its application for a staked Solana exchange-traded fund (ETF), citing an uncompleted underlying transaction.
- The proposed fund’s structuring deal and asset purchase failed to materialize, leading to the withdrawal with no shares issued or sold.
- This contrasts with existing staked Solana products: REX-Osprey’s ETF launched in June 2025, accumulating assets over months, while Bitwise’s debuted in October with approximately $223 million in first-day inflows—about half the value of REX-Osprey’s at that point.
- Despite rising ETF inflows, Solana (SOL) price has trended downward since its September peak above $250 per coin, with net inflows into Solana ETFs noted since November 10.
The SEC filing stated, “The Registration Statement sought to register shares to be issued in connection with a transaction that was ultimately not effectuated. No shares were sold, or will be sold, pursuant to the above-mentioned Registration Statement.” ETF analyst Eric Balchunas observed that Bitwise’s strong debut highlighted demand, yet SOL’s price lag underscores disconnects between institutional products and spot market performance. Uncertainties remain on whether this withdrawal delays broader Solana staking adoption in traditional finance. These developments underscore the interplay between technical advancements and regulatory hurdles in DeFi, potentially influencing liquidity and user adoption. How do you see these shifts impacting DeFi’s growth trajectory in the coming months?
