Panic hits ETFs as 800 million dollars exit in 24 hours

Panic hits ETFs as 800 million dollars exit in 24 hours

 A historic day of tension in the crypto markets, marked by nearly 800 million dollars in net outflows from spot ETFs backed by Bitcoin and Ethereum. This wave of withdrawals came as Bitcoin fell back below 100,000$, reflecting extreme nervousness among institutional investors. It follows a broader trend of disengagement, with cumulative negative flows over the past five days reaching around 1.9 billion dollars.

Analysts describe the situation less as total panic and more as strategic repositioning. Major funds appear to be securing profits after several months of euphoria, in a context of a stronger dollar and monetary uncertainty. The Federal Reserve is signaling a possible tightening of policy, pushing some players to reduce exposure to risk assets, including cryptocurrencies.

This environment is accompanied by a “Fear & Greed” index falling back into extreme fear, a sign of a market dominated by caution. Lower liquidity and heightened volatility are fueling a wait-and-see atmosphere: many investors are watching without taking action, fearing a deeper movement.

Still, some experts downplay the impact of these withdrawals, seeing them mainly as a consolidation phase that could precede a new bullish cycle.

Donald Trump outlines his pro-crypto vision

 Speaking in Miami, Donald Trump reaffirmed his ambition to make the United States the global superpower of Bitcoin and the world capital of cryptocurrencies. He stated that his administration had already signed historic decrees to end the federal government’s “war” on cryptocurrencies, and that a sector previously under heavy pressure is now recognized as a major strategic domain.

Trump also emphasized the role of American entrepreneurs, highlighting the efforts of “brilliant people” investing in cryptocurrencies. This stance contrasts with the more cautious approach of the previous era, when the crypto industry was frequently targeted by federal regulators. By presenting crypto as a driver of innovation and financial independence, he aims to reposition the United States at the forefront of global technological competition.

However, due to a lack of concrete details, the statements remain largely symbolic for now. No specific timeline or flagship law has been announced, and analysts note that political enthusiasm will need to be matched with coherent regulatory or tax frameworks for real change to occur. Strong rhetoric about digital sovereignty and dollar autonomy may revive interest in the sector, but a clear and reliable framework will be essential.

For now, the challenge is to move from speeches to implementation. The crypto industry is closely monitoring how this strategy evolves, as it could open new opportunities for the future.

The French counter-offer challenging the Exaion acquisition

 A battle is underway over the acquisition of Exaion, an EDF subsidiary specializing in high-performance computing and blockchain. In August 2025, EDF signed an agreement with the American company Marathon Digital Holdings to sell 64% of Exaion for about 168 million dollars. But the sale, which requires approval from the French authorities, has raised concerns: it would place a strategic tech asset under the jurisdiction of the U.S. Cloud Act, threatening national digital sovereignty.

In response, a French consortium named FlexGrid France submitted a counter-offer of 30 million euros. Their plan includes 150 million euros of investment into French infrastructure and an employee shareholding program for Exaion workers. Unlike the American proposal, this offer would leave EDF with complete operational freedom and include no non-compete clause.

The case is currently being reviewed by the Treasury Department, while political figures including Éric Ciotti and several deputies are calling for the sale to be blocked in the name of national interest. The Minister of Defense, however, supports the deal with Marathon, calling it an opportunity for financing and technological growth.

Beyond a simple commercial rivalry, the case represents a broader strategic issue: Europe’s control over emerging technologies. The Exaion situation illustrates France’s difficulty in balancing economic openness with digital independence.

The Ethereum ecosystem sets a new TPS record

 The Ethereum ecosystem has just reached a peak of 3,453 transactions per second (TPS) on November 4, 2025. This performance reflects the significant evolution of the platform, which no longer relies solely on its base layer (L1) but now leverages a rich network of rollups and other L2 solutions.

This result is remarkable, considering that the Ethereum base chain alone previously peaked at only 134 TPS, or roughly 69 TPS in some earlier spikes. This aggregated ecosystem now demonstrates real scaling power, boosted by the transition to Proof of Stake in 2022 and the active expansion of scaling solutions.

Despite this record, Ethereum still trails behind some competing blockchains according to available data. The achievement of 3,453 TPS is therefore the result of the entire multi-layer ecosystem, not the base chain alone.

In conclusion, this milestone validates Ethereum’s trajectory toward greater scalability and strengthens its credibility in the blockchain landscape. However, it also highlights ongoing competition and the challenge of maintaining both performance and resilience over time.