The post BlackRock shifts 4,044 BTC and 80,121 ETH – But it’s NOT fresh buying! appeared on BitcoinEthereumNews.com. Journalist Posted: November 29, 2025 The crypto market remains in a tense holding pattern, with Bitcoin struggling to stay above the key $91,000 level. This persistent volatility often signals weakness, suggesting bulls are finding it difficult to gain control. However, the moves by Wall Street’s largest players stand in sharp contrast to these concerns. BlackRock buys Bitcoin and Ethereum Reports show BlackRock moved a massive $589 million in Bitcoin and Ethereum, with Arkham data confirming it received $354 million in BTC and $235 million in ETH from Coinbase. At first, this seems like a major accumulation, but it actually reflects a deeper structural shift. Despite Bitcoin [BTC] trading near $90,898 and Ethereum [ETH] remaining above $3,000, at press time, these inflows into BlackRock’s wallets are not new purchases. Many assume this activity is triggering a market “flush,” but that misses the real story. The current volatility isn’t a sign of weakness; it’s part of crypto’s transition into a more mature, institutional system. The transfers reveal how ETF redemptions work and highlight the widening gap between what on-chain data shows and what’s actually happening in the market. What does this highlight? Under the cash creation process, market makers manage ETF withdrawals by repurchasing ETF shares and selling an equivalent amount of Bitcoin or Ethereum to remain hedged. Once this sale is complete, they redeem the ETF shares with BlackRock and receive the actual BTC or ETH. This step triggers large on-chain transfers from Coinbase Prime to their wallets. In the past three days alone, these redemptions have moved 4,044 BTC worth $354 million and 80,121 ETH worth $235 million on-chain. Importantly, these transfers do not represent new buying activity. Instead, they mark the final handoff of crypto following earlier sell pressure from investor exits. In short, this reflects capital leaving the ETF system rather… The post BlackRock shifts 4,044 BTC and 80,121 ETH – But it’s NOT fresh buying! appeared on BitcoinEthereumNews.com. Journalist Posted: November 29, 2025 The crypto market remains in a tense holding pattern, with Bitcoin struggling to stay above the key $91,000 level. This persistent volatility often signals weakness, suggesting bulls are finding it difficult to gain control. However, the moves by Wall Street’s largest players stand in sharp contrast to these concerns. BlackRock buys Bitcoin and Ethereum Reports show BlackRock moved a massive $589 million in Bitcoin and Ethereum, with Arkham data confirming it received $354 million in BTC and $235 million in ETH from Coinbase. At first, this seems like a major accumulation, but it actually reflects a deeper structural shift. Despite Bitcoin [BTC] trading near $90,898 and Ethereum [ETH] remaining above $3,000, at press time, these inflows into BlackRock’s wallets are not new purchases. Many assume this activity is triggering a market “flush,” but that misses the real story. The current volatility isn’t a sign of weakness; it’s part of crypto’s transition into a more mature, institutional system. The transfers reveal how ETF redemptions work and highlight the widening gap between what on-chain data shows and what’s actually happening in the market. What does this highlight? Under the cash creation process, market makers manage ETF withdrawals by repurchasing ETF shares and selling an equivalent amount of Bitcoin or Ethereum to remain hedged. Once this sale is complete, they redeem the ETF shares with BlackRock and receive the actual BTC or ETH. This step triggers large on-chain transfers from Coinbase Prime to their wallets. In the past three days alone, these redemptions have moved 4,044 BTC worth $354 million and 80,121 ETH worth $235 million on-chain. Importantly, these transfers do not represent new buying activity. Instead, they mark the final handoff of crypto following earlier sell pressure from investor exits. In short, this reflects capital leaving the ETF system rather…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more