Weekly: the end of the shutdown, Bitcoin’s sharp drop and a new ICO wave

The shutdown has ended and regulators are returning

The 43-day U.S. government shutdown has ended, meaning regulators like the SEC and CFTC are finally back to work. This opens the way for reviewing important crypto projects and applications that have seriously piled up.

Analysts are even hinting at a possible “Santa rally” if the Federal Reserve softens its stance and consumers feel more room for investment.

Bitcoin dropped sharply but quickly bounced back

On the night of November 14, Bitcoin fell below $95,000, triggering over a billion dollars in liquidations. The drop was serious but short-lived: BTC quickly returned to around $97,000.

JPMorgan believes that the $94,000 range is essentially the mining break-even level, which could become a key support zone.

Mining enters a new era

CleanSpark aims to raise about a billion dollars to scale its data centers.
MARA and Bitfarms are preparing mining infrastructure for AI and high-performance computing workloads.

And Tether is leasing 20,000 GPUs — a major move toward its own tech initiatives.

Ethereum gains institutional attention

Despite some cooling toward Bitcoin ETFs on Binance, institutions are becoming more active around ETH. Republic Technologies raised $100 million to purchase Ethereum.

A former BlackRock executive called Ethereum a critically important platform for the future of financial digitalization.

ICOs return to the game

Coinbase launched a new ICO platform where tokens will be sold for USDC. The first project is Monad. Sales will take place monthly. Some analysts already suggest this could spark a real ICO revival in 2026.

Regulatory race: Ukraine and the world

In Ukraine, the National Securities Commission has effectively stepped out of the race for the role of crypto regulator. This leaves the market in a suspended state and creates uncertainty risks.

In the U.S., activity is increasing: the SEC has simplified its review processes, and the Senate is proposing to shift part of oversight powers to the CFTC.

Stablecoins move forward

Circle reported strong quarterly profits, and USDC’s turnover exceeded $70 billion.
The company is considering launching a new token on the Arc network.

The Bank of England is preparing rules for systemically important stablecoins.

Project and infrastructure updates

Bybit is considering acquiring Korbit, while Coinbase canceled its $2 billion deal with BVNK.

JPMorgan launched its JPMD deposit token on the Base network.

Uniswap is preparing clearing auctions to ensure fair liquidity formation for new tokens.

Artificial intelligence: a new wave of investment

McKinsey highlights a 10% increase in AI adoption expected in 2025. SoftBank sold part of its NVIDIA stake to invest in OpenAI.

Anysphere, creator of the AI assistant Cursor, raised over $2 billion — a strong signal of demand for AI solutions.

Kursoff’s view

This week showed that the market reacts quickly to macro events but remains capable of maintaining balance. Bitcoin’s correction is not a sign of fear — it’s a normal phase during a heavy news cycle.

Coinbase’s new ICO platform could truly become a turning point and revive the 2017 trend — but at a new, more mature level.

Ukraine’s regulatory “swings” are both a risk and an opportunity. Those who read the moment correctly will win more than others.