Despite calmer prices after October’s brutal leverage wipeout, bitcoin and ether market depth remains structurally thin, creating a more fragile trading environment.

BTC has tumbled nearly 9% this week, while ETH, SOL declined even further and XRP outperformed.

U.S. authorities secured several criminal convictions and gathered another $15 million in proceeds from North Korean crypto heists, the Justice Department said.

Analysts caution that the market remains vulnerable to further declines, with large token movements and macroeconomic factors contributing to uncertainty.

The $2.5 billion BUIDL fund, tokenized by Securitize, deepens its utility for institutional traders and expands to a new blockchain.

The firm’s CEO says it has ‘filed everything that falls under the generic listing standards’ as SEC approval barriers remain high.

ETH plunged below $3,100 on Friday as the crypto selloff accelerated with bitcoin losing the $100,000 level.

Amid the continued panicky action in crypto, online chatter suggested Strategy was unloading some of its bitcoin stack, a rumor Executive Chairman Michael Saylor shot down Friday morning.

Uniswap (UNI) was also among the underperformers, declining 5.5% from Thursday.

Tsang has replaced Jonathan Bates, who led the former bitcoin mining firm from its early days through its pivot to an Ethereum treasury strategy.