The blocmates Podcast Friday, Nov 14, Grayscale Files for IPO
Nov 14, 2025
The podcast dives into the current state of Bitcoin trading below its 50-week moving average, hinting at a potential bear market. It discusses Grayscale's recent filing for an IPO amid significant ETF outflows. Excitingly, the Czech National Bank has made its first foray into crypto with a $1M test portfolio. Listeners also learn about the OKX app's new DEX trading capabilities and Cash App's plans for Bitcoin payments coming in 2026, while a major Ethereum whale continues to accumulate despite market dips.
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Bitcoin Below The 50-Week Signal
- Bitcoin has dropped below its 50-week moving average, signaling increased bearish pressure.
- Two successive weekly closes below that line historically mark a bear market entry.
Czech Central Bank Tests Crypto
- The Czech National Bank bought a $1 million test portfolio including BTC and stablecoins.
- This contradicts prior European central bank statements that they wouldn't add Bitcoin to reserves.
OKX Enables Seamless DEX Trades
- OKX added in-app DEX trading across Solana and Base using custodial balances.
- The feature removes gas and bridging for a smoother cross-chain experience.