🚀 Nov 12 Crypto Surge: SOON, MYX, and Canton Lead the Charge as Market Rebounds

Crypto's comeback kids steal the spotlight—again. While traditional markets waffle, these tokens defy gravity (and common sense).

SOON pumps 42%: The 'next big thing' delivers—for the 37th time this year.

MYX rallies 28%: DeFi's perpetual underdog finally gets its day—until tomorrow's 15% correction.

Canton up 19%: Regulators hate this one weird trick for bypassing securities laws.

Meanwhile, Bitcoin flatlines at $37K—proving once again that altcoins are where degenerates (and geniuses) make their fortunes. Just don't look at the liquidation charts.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

• Bitcoin is currently priced at $103150, representing a 3.89% fall in the past 24 hours. With $68.8 billion in trading volume and a $2 trillion market cap.

• Ethereum trades at $3442, dips 5.44% in the last 24 hours, with a $415 billion market cap and $38.8 billion in trading volume.

• Bitcoin, priced at 103150, dropped 3.89% with TV $68.8B 

• Boost (BOOST) price $0.04310, dips 23.15% with a TV of $1.15M.

• Audiera (BEAT) at $0.1512 price, sank 6.36% with TV of $1.22M.

• Allora (ALLO) at $0.4294 Price, down 74.78% with a TV of $710K

• Solana (SOL) at $155.11 fell 9.03% with a TV of $6.21B

• SOON is up 5.59% at $2.13, with a trading volume of $145.38 million.

• MYX Finance (MYX) gained 4.39%, reaching $2.56, and recorded a trading volume of $33 million.

• Canton (CC) rose 3.85% to $0.1188, with a trading volume of $68.24 million.

• Zcash (ZEC) fell 18.06% to $441.72, with a trading volume of about $2.51 billion.

• Filecoin (FIL) dropped 15.41% to $2.22, trading roughly $593 million worth of coins.

• Starknet (STRK) declined 14.05% to $0.1438, with a trading volume of around $276 million.

• Stablecoins hold a market cap of $312 billion with $122 billion in trading volume, representing a 0.3% positive change.  

• The DeFi market cap stands at $129 billion, down 4.1% in the last 24 hours, with a trading volume of $11 billion. DeFi dominance remains at 3.6%.

Fear and Greed Index Today

Source: Alternative Me

Crypto Fear and Greed Index is now at 24, which means that there is Extreme Fear. Sentiment has fallen to 26 (Fear) today, and is NEAR 23 of last week, showing a wary attitude of investors, and a falling confidence, owing to recent turbulence.

Latest Market News Today

Allora (ALLO) spot trading will not begin until November 12, 2025. The ALLO-USD trading pair will begin trading following 9 AM ET, subject to liquidity.

The central bank of Brazil provided stringent crypto regulations that require firms to be licensed, have a minimum capital requirement of up to 7 million dollars, and adhere to the FX regulations, such as restrictions on transfers of stablecoins.

In warning about the declining returns to Bitcoin mining, Marathon Digital CEO Fred Thiel noted that the increasing cost of energy and competition were reducing the profitability of Bitcoin mining, and that only miners with low costs or AI might survive the next halving in 2028.

Chainlink ETF (ticker: CLNK) by Bitwise is listed on the DTCC eligibility list, which is a standard clearing and settlement procedure, but does not yet indicate regulatory approval.

Coinbase terminated acquisition discussions with a UK-based stablecoin company, BVNK, which is worth 2 billion. The deal was mutually stopped by both parties following due diligence without any reasons being given.

The last step of the XRP spot ETF by Canary Capital, awaiting approval by Nasdaq, is its FORM 8-A filing. It is set to be launched on Thursday,y and it is the second XRP ETF introduced by REX-Osprey.

Tether is also growing its Gold business by employing senior HSBC traders Vincent Domien and Mathew O’Neill, boosting its gold reserves of up to 12 billion and taking on the traditional bullion giants.

In October, there were significant crypto mining events with Canaan getting its largest order in three years, Pavel Durov introduced the AI network of TON, and Bitdeer increased its mining capacity threefold due to new regulations.

YZi Labs has also invested in Regenerative medicine start-up Renewal Bio, which uses its Stembroidtm platform to generate DNA-identical human cells and tissues to solve global organ shortages and personalized healthcare.

Ethereum-based LAYER 2 DEX Lighter secured $68 million in funding from Founders Fund and Ribbit Capital, reaching a $1.5 billion valuation and planning to launch spot trading soon.

CoinGabbar’s Opinion

The crypto market faces extreme fear with high volatility—BTC and ETH are down, and many altcoins are sharply falling. Investments in stablecoins, top-tier coins, and regulated crypto products are relatively safer. Avoid high-risk altcoins for now; focus on projects with strong fundamentals, institutional backing, or real-world utility. Caution is essential.

Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses.