Bitcoin Below $100K? DeFi Hacks & Ethereum’s TPS Breakthrough Explained!
Bitcoin has plunged below $100,000, DeFi is reeling from major hacks, and Ethereum just broke transaction speed records! Discover what’s fueling the current crypto chaos, how it impacts investors, and the future of blockchain technology in this quick deep dive into the week’s biggest stories.
BlockchainBulletin Weekly Crypto News Digest — 2025-11-10
Jon: Welcome back to BlockchainBulletin! I’m Jon, here to break down the hottest blockchain and crypto headlines from November 3 to November 10, 2025 (Asia/Tokyo time). It’s been a week of sharp price swings, protocol upgrades, hacks, and big moves in the ETF world. For readers who want a practical walkthrough, check this exchange guide.
Lila: Hi, all! Lila here, excited to dig into the week’s action. Jon, which stories shook up prices the most? And which coins actually withstood the market drama?
Market Snapshot: Volatility, Outflows, and Sentiment Shifts
Jon: Bitcoin dipped below the $100,000 mark on November 7, 2025, touching around $99,900. Almost every leading crypto followed with double-digit drops, except Dogecoin—which stubbornly rose by 0.3%. Volatility was wild: nearly $77 million in positions got liquidated in an hour, while the Crypto Fear & Greed Index nosedived to “extreme fear” at 24.
Lila: That sounds rough! So, is this a lasting crash or just a big hiccup for long-term holders?
- Trading volume surged above $674 million—a sign that nervous trading was everywhere.
- Solana led the declines at −18.1%, with Ethereum right behind at −15.1%.
- Some ETF inflows later in the week helped ease the drop, which hints at possible stabilization ahead.
DeFi & On-Chain: Stablecoins De-peg, Security Breach at Balancer
Jon: Two big algorithmic stablecoins, USDX and deUSD, both lost their dollar pegs this week. USDX crashed to about $0.30 on November 6 after liquidity dried up, and deUSD collapsed to $0.015—both triggering emergency action in their respective communities. Meanwhile, Balancer suffered a hack draining over $100 million (mostly osETH, WETH, and wrapped staked ETH) due to a rounding bug, causing a flurry of security reviews among DeFi protocols.
Lila: Yikes—that’s a big hit! For anyone new, a stablecoin is a crypto designed to keep its value at $1, right? What’s the lesson here?
- Algorithmic stablecoins are still risky—over-collateralization and transparency are essential.
- DeFi security needs constant upgrades: Balancer will likely push other protocols to double-check their code.
Basics & Context: What’s Behind All the Outflows?
Jon: From October 27–31, crypto investment products saw $360 million in net outflows, mostly from the U.S. This was despite a Federal Reserve interest rate cut to 3.75–4%. Big money pulled $439 million out in the U.S., while Germany and Switzerland brought in partial inflows to the tune of $62 million together. The biggest single drop? Bitcoin funds lost $946 million, but Solana funds posted $421 million in inflows thanks to their shiny new ETFs.
Lila: So, folks are getting nervous in the U.S., but love for Solana is strong? Why is that?
- Bitcoin’s price is still sensitive to U.S. economic moves.
- Newly listed Solana ETFs got lots of buzz, drawing global interest despite the sell-off elsewhere.
Infrastructure: Ethereum Blasts to 24,000 TPS Thanks to L2s
Jon: The Ethereum ecosystem just smashed a new record: 24,192 transactions per second (TPS), driven by upgrades called “Pectra” and “Dencun.” Data from Lighter, a Layer 2 (L2) rollup, helped supercharge overall throughput—its own TPS even surpasses 4,000, way above Base’s typical 100–200 TPS. Vitalik Buterin himself called the jump a proof of Ethereum’s scalability progress.
Lila: Wait, is that faster than Visa? And, what’s an L2 again in plain English?
- An L2 (“Layer 2”) is a network built… on top of Ethereum, making transactions cheaper and faster.
- For reference, Visa averages about 1,700–2,000 TPS globally—so this upgrade shows Ethereum can scale way above that if needed!
Security Incidents: DeFi and Protocol Risks in the Spotlight
Jon: Along with the Balancer hack, nearly all major alts like Solana (−18.1%), Metal Blockchain (−17.2%), and Hedera (−14.7%) faced heavy selling. DeFi platforms scrambled to reassure users with new audits and tighter controls after this week’s vulnerabilities surfaced.
Lila: For beginners, is there anything people can do to protect themselves from these sorts of protocol hacks?
- Stick with well-audited and transparent projects.
- Consider using cold wallets and avoid keeping large sums in hot wallets or DeFi protocols during high-risk periods.
Current Week Story Block
Bitcoin Tests $100,000 Support as Sell-Off Sparks “Extreme Fear”
Jon: On November 7, 2025, Bitcoin dipped below $100,000 for the first time in months, triggering panic liquidations ($76.8 million in an hour) and bringing daily volumes to a wild $674 million. The Crypto Fear & Greed Index plummeted to a 24—“extreme fear” territory—signaling the worst market mood since summer.
Lila: That’s a steep fall! Why did Bitcoin struggle, and did it bounce back at all by week’s end?
Jon: Analysts blame technical factors and profit-taking after October’s strong rally—it wasn’t just one event. Later in the week, some ETF inflows did slow the selling, hinting that stabilization could be ahead. But caution is the mood of the moment.
Source: FF.io/Weekly Crypto News: 2025-11-08
Two Stablecoins De-peg, Exposing DeFi’s Ongoing Fragility
Jon: Two major algorithmic stablecoins—USDX (Stable Labs) and deUSD (Elixir Finance)—lost their dollar pegs this week. USDX fell to $0.30 (November 6), while deUSD collapsed to just $0.015, after losses linked to its partner protocol Stream Finance.
Lila: Is this just a “DeFi problem,” or could it ripple into the rest of crypto?
Jon: This time, broader crypto markets didn’t catch the bug—no major contagion. But it really turned up the debate on stablecoin safety. Experts say it’ll likely drive people towards fully-backed, regulated stablecoins rather than experimental algorithms that are still vulnerable to market shocks.
Source: MetalPay/Crypto News: 2025-11-07
The Balancer $100M Hack Raises Stakes for DeFi Security
Jon: On November 5, 2025, Balancer, a top Ethereum DeFi protocol, was hacked for over $100 million via a rounding bug in V2 pools. The attacker exploited a batch swap vulnerability, draining osETH, WETH, and wrapped staked ETH before devs could halt rogue pools.
Lila: So, even audited code isn’t always safe! What’s the fix, and should regular users worry?
Jon: Exactly—complex DeFi code means even small mistakes can have big consequences. Teams across DeFi are now rushing to strengthen audits, verify contracts, and add emergency “pause” features. Balancer will likely restore some funds, but trust has taken a hit.
Source: MetalPay/Crypto News: 2025-11-07
Ethereum Ecosystem Hits 24,000 TPS: A New Record in Blockchain Throughput
Jon: Upgrades to Ethereum—specifically the “Pectra” and “Dencun” hard forks—empowered Layer 2 (L2) solutions to achieve a record 24,192 transactions per second. Lighter, a new L2 on a decentralized exchange, broke through 4,000 TPS on its own, putting Ethereum miles ahead of even Visa’s average.
Lila: Why does this matter for everyday users or developers?
Jon: In plain English: Ethereum is proving it can scale for real-world use. Lightning-fast and cheap transactions mean less congestion and better apps for everyone. Vitalik Buterin called this a huge milestone for scaling, and it could finally open the door for bigger, mainstream apps.
Source: FF.io/Weekly Crypto News: 2025-11-08
ETF Watch: Massive Outflows for Bitcoin & Ethereum, Solana ETFs Shine
Jon: Both Bitcoin and Ethereum ETFs suffered big outflows early in the week: Bitcoin ETF redemptions peaked at $566 million on November 4, led by BlackRock (−$186M) and Fidelity (−$356M). Tuesday was roughest for Ethereum, with $219M out in a single day. Meanwhile, Solana ETFs defied the gloom, recording $120M in inflows during their very first week.
Lila: So, investors are bailing from BTC and ETH but running toward SOL? What’s drawing them?
Jon: The launch hype around Sol
ana ETFs—launched just days ago—brought fresh excitement, especially with record inflows. Even as Bitcoin and Ethereum face macro headwinds, some investors are rotating to emerging ecosystems like Solana for diversification.
Bitcoin Price Update: November 10, 2025
Jon: As of Monday, November 10, 2025, Bitcoin has shown strong recovery momentum, surging back above $105,000. The price is trading at approximately $106,018, marking a 4.06% increase over the past 24 hours. This rebound comes after Bitcoin tested critical support around the psychological $100,000 level earlier in the week.
Lila: That’s a solid bounce! What’s driving this recovery, and where do analysts think Bitcoin is headed next?
Jon: The rally is primarily attributed to positive political developments—specifically, the U.S. Senate’s 60-40 vote advancing legislation to end the 40-day government shutdown. This removed significant political uncertainty that had been weighing on risk assets. Additionally, Bitcoin is testing session highs around $106,670, with strong momentum suggesting a potential path toward retesting the October all-time high of $126,000 if it can break decisively above the $106,000-$108,000 resistance zone.
Lila: So after the “extreme fear” earlier this week, sentiment is improving?
Jon: Exactly. While Bitcoin is still trading below its 50-day moving average of $112,050, the 24-hour trading volume has remained elevated at over $67 billion, indicating sustained interest. Technical indicators show Bitcoin finding support at the 50-day EMA, and the RSI is hovering near neutral territory. However, analysts caution that the $107,000-$110,500 range remains a critical resistance zone that needs to be overcome for a convincing bullish reversal.
Sources: [Finance Magnates](https://www.financemagnates.com), [ABP Live](https://news.abplive.com), [Pintu News](https://pintu.co.id), [Investing.com](https://investing.com)