Ethereum News Update: Crypto Shares Rally Even as Ethereum Falls 12% with Whales Purchasing $1.37 Billion

The three main U.S. stock indexes started the day on a positive note, with crypto-related stocks seeing widespread gains.

On November 10, 2025, all major U.S. stock indices opened higher: the Dow Jones Industrial Average increased by 0.23%, the S&P 500 advanced 0.93%, and the Nasdaq jumped 1.5%. This broad rally was partly fueled by strong performances in crypto stocks, as leading companies like

(COIN) and (CRCL) both posted double-digit percentage gains. Coinbase's stock climbed 4%, while Circle rose 4.94%. Other standout gainers included MicroStrategy (MSTR), up 2.59%, Bullish (BLSH), up 3.72%, and Bitmine (BMNR), which soared 6.89%. The surge reflected renewed optimism in the crypto sector, with 12 out of the 15 crypto stocks highlighted in the report rising by more than 3% .

Mercurity Fintech Holding Inc. Joins MSCI Global Small Cap Indexes.

Investor sentiment was further lifted by news that Mercurity Fintech Holding Inc. (MFH), a fintech company leveraging blockchain technology, will be added to the MSCI Global Small Cap Indexes starting November 24. This inclusion, in addition to its listings in the Russell 2000® and S&P Global Broad Market Index, is anticipated to raise the company's profile among institutional investors and improve its stock liquidity. CEO Shi Qiu of Mercurity highlighted that being listed in multiple indexes demonstrates the company's commitment to integrating traditional finance with digital assets, positioning it to benefit from increasing institutional interest in fintech innovation .

Ethereum Whales Accumulate $1.37 Billion in ETH Despite 12% November Decline.

Elsewhere, the cryptocurrency market showed mixed trends.

(ETH) dropped nearly 12% in November, reaching a four-month low of $3,000. Nevertheless, on-chain analytics indicated that large institutional holders, or "whales," took advantage of the dip, acquiring 394,682 ETH—worth $1.37 billion—during the decline. One major Aave whale was responsible for $896 million of these purchases, while Bitmine Immersion Technologies bought $139.6 million in ETH. Despite the falling price, analysts pointed out that lower exchange reserves and negative MVRV ratios suggest the asset is in a historically favorable buying range, reflecting strong long-term confidence .

European Markets Recover as Hopes Rise for U.S. Government Shutdown Solution.

On the global stage, European stock markets bounced back as optimism grew that a U.S. government shutdown would be avoided. The Stoxx 600 index gained 0.97%, the FTSE 100 in the UK rose 0.47%, Germany's DAX increased 1.22%, and France's CAC 40 advanced 0.85%. The upbeat mood was driven by a bipartisan agreement to keep the U.S. government funded through January, easing worries over fiscal deadlock. Gold prices also moved up 2% to $4,080 per ounce, as investors anticipated a possible Federal Reserve rate cut in December

.