German parliament passes new crypto asset confiscation rules, enforceable without criminal charges.

German customs may soon gain a new authority: even without initiating criminal proceedings, it can seize cryptocurrencies if there is sufficient reason to suspect their illegal origin. The German Bundestag passed the relevant reform bill on November 12, targeting large-value assets, especially those worth more than 100,000 euros. The bill is set to take effect on January 1, 2027, but still requires approval from the Bundesrat and formal promulgation. Aimed at strengthening customs' law enforcement powers and its ability to combat financial crime, the bill establishes an administrative procedure allowing law enforcement to freeze assets based on concrete evidence of suspected illegal origin. Therefore, merely holding large amounts of Bitcoin is not sufficient grounds for asset seizure. The German government has explicitly stated that crypto assets fall within the bill's scope. The government believes this mechanism will help address the challenge law enforcement faces in tracing the origin of certain assets, as asset holders possess information that can explain the source of funds. However, a distinction must be made between temporary seizure and final confiscation; the latter still requires a ruling by the finance court.

Bitcoin treasury firm Strive CEO Matt Cole released a Bitcoin holdings chart, with the caption "Bitcoin is very cheap right now, we want to buy more", hinting that the company will disclose its BTC accumulation data next week.

According to on-chain analyst Ai Yi (@ai_9684xtpa), trader 58bro.eth appears to have cut losses on 6,914.08 ETH, with an estimated loss of $1.207 million. During the ETH price decline from November 13 to 14, the trader withdrew 10,500.57 ETH from OKX at an average price of $1,978.26, totaling $20.77 million. However, the price has continued to drop since then, and over the past 11 hours, the trader has deposited three batches of ETH worth $12.47 million into trading platforms. If sold, the assets would have shrunk by 8.82%, while the remaining holdings still show an unrealized loss of $522,000.

Strategy founder Michael Saylor has once again shared updates on its Bitcoin Tracker, noting, "This pullback might need a little orange." Per past patterns, orange dots represent Strategy’s Bitcoin purchase records, so this move likely signals the company intends to increase its BTC holdings. Strategy typically discloses changes to its Bitcoin holdings the day after such announcements.

Renowned trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, said in a social media post that Bitcoin’s price action may have formed a valid head and shoulders top pattern. If confirmed, this pattern would indicate that Bitcoin’s all-time high has been reached and will not be broken again at least in his lifetime.

Binance co-founder He Yi published an article stating that in the short term, a tightening macro environment and shifting market sentiment around AI financing prospects are putting pressure on various assets, a normal market reaction. However, in the long run, the fundamental logic underpinning Bitcoin and the crypto market remains solid: institutional infrastructure is continuously improving, market adoption is advancing, and volatility itself is an unavoidable part of the market’s maturation process.