Ethereum News Today: Crypto Stocks Surge Despite Ethereum's 12% Drop as Whales Buy $1.37B
On November 10, 2025, U.S. stock markets opened higher across the board, with the Dow Jones Industrial Average rising 0.23%, the S&P 500 climbing 0.93%, and the Nasdaq surging 1.5%. The broad-based gains were driven in part by a surge in crypto-related stocks, as major players like CoinbaseCOIN-- (COIN) and CircleCRCL-- (CRCL) saw double-digit increases. Coinbase shares jumped 4%, while Circle's stock rose 4.94%. Other notable performers included MicroStrategy (MSTR) up 2.59%, Bullish (BLSH) up 3.72%, and Bitmine (BMNR) surging 6.89%. The rally reflected renewed investor confidence in the crypto sector, with 12 of the 15 crypto stocks mentioned in the report posting gains of over 3% US Stock Market's Three Major Indexes Open Higher, Crypto Stocks Experience Broad Gains.
The market's optimism was further bolstered by Mercurity Fintech Holding Inc. (MFH), a blockchain-powered fintech firm, which announced its inclusion in the MSCI Global Small Cap Indexes effective November 24. This addition, alongside its existing presence in the Russell 2000® and S&P Global Broad Market Index, is expected to enhance the company's visibility to institutional investors and boost liquidity. Mercurity's CEO, Shi Qiu, emphasized that the multi-index inclusion underscores the firm's strategy to bridge traditional finance and digital assets, positioning it to capitalize on growing institutional interest in fintech innovation Mercurity Fintech Holding Inc. Added to the MSCI Global Small Cap Indexes.
Meanwhile, the crypto market experienced mixed signals. EthereumETH-- (ETH) fell nearly 12% in November, hitting a four-month low of $3,000. However, on-chain data revealed aggressive accumulation by institutional "whales," who purchased 394,682 ETH-valued at $1.37 billion-during the downturn. The Aave whale alone accounted for $896 million in purchases, while Bitmine Immersion Technologies added $139.6 million worth of ETH. Despite the price drop, analysts noted that declining exchange reserves and negative MVRV readings indicated a historically low-risk buying zone, signaling long-term confidence in the asset Ethereum Whales Buy $1.37 Billion in ETH Amid 12% November Price Drop.
Globally, European indexes rebounded amid optimism that a U.S. government shutdown would be averted. The Stoxx 600 climbed 0.97%, with the UK's FTSE 100 up 0.47%, Germany's DAX rising 1.22%, and France's CAC 40 gaining 0.85%. The positive sentiment was fueled by a bipartisan deal to fund the government through January, easing concerns about fiscal gridlock. Gold prices also climbed 2% to $4,080 per ounce, as investors priced in expectations of a Federal Reserve rate cut in December European indexes rebound amid optimism over U.S. shutdown resolution.
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