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SpaceX, Elon Musk's space exploration company, has moved $105 million worth of Bitcoin to new, previously unused digital wallets. This transfer occurred as the price of Bitcoin reached $91,000.

Tokenized money market funds, which represent traditional money market portfolios on blockchains, have grown significantly from $770 million at the end of 2023 to nearly $9 billion. These funds allow investors to access assets like US Treasury securities through digital tokens. The Bank for International Settlements (BIS) has issued a warning regarding the rapid growth, citing potential liquidity risks due to the difference in settlement times between the instant transfer of tokens and the one-day settlement period for the underlying assets. BlackRock's BUIDL fund currently leads the market with over $2.5 billion in tokenized assets, while Franklin Templeton holds over $844 million. Regulators, including the International Organization of Securities Commissions (IOSCO), are monitoring the space, noting that tokenization could introduce new risks even with existing rules in place. Solutions like Broadridge's Distributed Ledger Repo system are being developed to address the liquidity mismatch by enabling same-day transfer of tokenized Treasuries.

Cardano's price is showing signs of a potential recovery as its open interest has increased by 6%, suggesting traders are betting on continued price increases towards the $0.50 level. This increased activity is coupled with growing DeFi and real-world applications on the Cardano network. As a result, there's increased demand for secure and user-friendly cryptocurrency wallets. A project called Best Wallet is launching its Best Wallet Token ($BEST) with the goal of capturing 40% of the wallet market by 2026. This wallet aims to offer institutional-grade security with user-friendly features. The $BEST presale has already raised $17.64 million at $0.026005 per token. There have been also two whale purchases totaling $29.8K, with the largest transaction of $16K, also a potential increase of 97% by the end of 2026 from the current price of $0.026005 is estimated.

Tom Lee of Fundstrat Global Advisors has revised his Bitcoin price prediction for the end of 2025, lowering it from $250,000 to above $100,000. While he still anticipates Bitcoin could reach a new all-time high, he's no longer certain. This adjustment comes as Bitcoin currently trades around $91,589, down from its all-time high of $125,100 reached in October 2025. Lee emphasizes that Bitcoin historically experiences significant gains in a small number of trading days each year. The crypto market recently experienced a $19 billion liquidation following President Trump's tariff announcement, adding pressure to Bitcoin's price. Lee's past Bitcoin predictions have had mixed accuracy, correctly forecasting $20,000 by 2022 but missing his $125,000 target for the same year.

Chinese tech companies like Alibaba and ByteDance are moving their AI model training to data centers in Southeast Asia, particularly Singapore and Malaysia, to bypass U.S. restrictions on advanced technology and continue using Nvidia's high-end chips. This shift follows U.S. limitations on sales of Nvidia's H20 chips to China. While these companies lease foreign data centers to remain compliant with U.S. export controls, China is also pushing for the use of domestically developed chips in new data centers receiving government funding, potentially excluding Nvidia from a significant portion of the market. Despite restrictions, some advanced Nvidia chips are still appearing in China through informal channels. There is potential easing of restrictions, as the previous administration considered allowing Nvidia to export its H200 AI chips to China, which could soften current rules but is expected to face opposition.

XRP analyst Chad Steingraber believes that the fastest way to increase the price of XRP is through demand generated by Exchange Traded Funds (ETFs). He suggests that the rate at which ETFs are accumulating XRP is currently faster than any other factor influencing its price.

Franklin Templeton, a large investment firm, has filed paperwork with the SEC for a potential Solana ETF, which would allow investors to gain exposure to Solana without directly buying the cryptocurrency. Solana's price is currently around $136. Technical analysis suggests that if Solana breaks through the $142 resistance level, it could rally towards $188. However, failure to break through this level could send the price back down to the $128 support level. On-chain data shows a significant amount of Solana tokens were accumulated around $142, creating strong resistance. Some analysts suggest a longer-term price target of $180 to $480 based on a Wyckoff reaccumulation pattern.

Ripple's RLUSD stablecoin has received regulatory approval in the United Arab Emirates (UAE). This approval signifies that RLUSD meets the necessary requirements to operate within the UAE's financial system. The approval is a significant step for Ripple, allowing them to expand their stablecoin offerings in the Middle East region, and potentially facilitate payments and other financial services using blockchain technology within the UAE.

SBI Group's CEO, Yoshitaka Kitao, highlighted the company's involvement with the Evernorth XRP treasury. He described it as a strategic investment aimed at long-term value growth within the XRP ecosystem, suggesting SBI Group sees potential in this specific XRP venture.

Shiba Inu, a popular meme coin, is recovering after a decline in value over the past week. The coin is now approaching levels that could act as resistance, based on Fibonacci analysis.

Vitalik Buterin has provided funding to two projects, Session and SimpleX, that are focused on improving digital privacy in messaging apps. Buterin donated 128 ETH to each project. These apps aim to provide increased privacy through permissionless account creation (without requiring phone numbers or emails) and by minimizing metadata tracking, which reveals information about who is communicating and when. Both Session and SimpleX are working towards decentralized networks for messaging, which presents technical challenges but enhances privacy. Buterin acknowledges that the apps need further development in user experience and security, and encourages more users and developers to get involved.

Web3 is being used to develop infrastructure for autonomous AI agents, enabling them to operate independently. Platforms like 375.ai are facilitating data collection, while Coinbase's X402 protocol enables instant USDC payments for AI functions. Coinbase has also invested in Kite AI, which is building a Layer-1 blockchain for agentic payments, allowing AI agents to transact without human intervention. Kite AI's testnet has over 10 million users and has processed over one billion agent interactions. These developments aim to create an internet where AI agents can establish trust, operate within defined parameters, and make instant, low-cost payments, marking a shift towards autonomous payments.

Bitcoin has recovered to $91,755, rebounding from a near 30% drop in the past month when it fell below $82,000 after trading above $126,000 in Uptober. Other major cryptocurrencies like Ethereum, BNB, and Solana also experienced gains. Bitcoin's recovery coincides with stabilizing market conditions following recent leveraged market losses and a decrease in retail selling. Some analysts believe current market conditions indicate a potential value zone for price rebounds. The article discusses the perceived influence of Donald Trump's policies and actions on the cryptocurrency market, including both positive impacts during his presidency and potential negative effects linked to his current political standing.

An analyst suggests Bitcoin's price floor might be around $82,000 instead of the historically relevant $56,000. Historically, Bitcoin bear markets have bottomed out around the Realized Price, which represents the average cost basis of all Bitcoin holders, currently at $56,000. However, the analyst believes that due to resilient ETF flows and the absence of major fraud events, Bitcoin might bottom out around the True Mean Price, which is $82,000. The True Mean Price represents the cost basis of active market participants only, excluding lost or inaccessible Bitcoin, making it a potentially more accurate indicator. Bitcoin's price has recently risen above $90,000.

This Bitcoin news update for November 27, 2025, highlights the potential upside of Bitcoin Layer-2 solutions and the strengthening case for Bitcoin as a wallet token. Bitcoin miner margins are currently compressed, with hash prices below historical averages even as hashrate hits a record high. This situation could lead to a shift in demand from miners to spot buyers, potentially benefiting infrastructure that can handle increased on-chain activity. Bitcoin Hyper ($HYPER), a Solana Virtual Machine Bitcoin Layer-2, aims to capitalize on this flow. Simultaneously, the rising US interest bill, exceeding spending on national defense, reinforces the appeal of Bitcoin as a hedge against dollar debasement. Institutions are increasing their Bitcoin holdings, treating it as collateral. Best Wallet Token ($BEST) is presented as a way to benefit from the Bitcoin liquidity wave through a non-custodial wallet.

Cathie Wood of Ark Invest anticipates that the recent tightening of market liquidity is about to reverse, with markets potentially already reflecting this change. Ark Invest is actively buying shares of crypto-related companies like Block, Coinbase, and Robinhood, while also increasing exposure to stablecoins through investments related to Circle and Bullish. Wood sees stablecoins gaining traction in real-world applications, particularly in emerging markets, for payments. This development may lead Ark Invest to reduce its long-term Bitcoin price forecast by $300,000 as institutions increasingly focus on stablecoins for new payment systems. Wood believes these digital assets are moving beyond speculation and into practical use.

Conor McGregor and Khabib Nurmagomedov, former UFC rivals, are now feuding over cryptocurrency projects. McGregor accused Nurmagomedov of exploiting Dagestani culture to sell NFTs, reportedly generating $4.4 million. Nurmagomedov defended the NFTs as legitimate digital assets celebrating tradition. McGregor faced criticism after his own memecoin, REAL, failed to meet its fundraising goals, only raising 39% of its target through a sealed-bid auction format with staking rewards. The memecoin market has declined significantly, falling to $39.4 billion, down from a peak in 2024. Both McGregor and Nurmagomedov have removed promotional posts related to their respective crypto ventures after facing negative feedback. ZachXBT, an onchain investigator, highlighted McGregors failed project, reminding him that he used Irish culture to promote the project, leading to deleting of related posts after the sale. The REAL token presale was refunded to participants due to the project's underperformance and broader downturn in the memecoin market.

Tether, the company behind the USDT stablecoin, has amassed a significant amount of gold. Analysis from Jefferies indicates that Tether's gold reserves are now larger than those of any private entity, putting them close to the gold reserves held by some national central banks.

The presale for the Best Wallet Token ($BEST) is ending tomorrow, after raising over $17.6 million. Best Wallet aims to simplify crypto management by combining secure storage, staking, and access to curated presales into one mobile app. The wallet uses Fireblocks MPC-CMP for security and includes a portal for upcoming tokens. Holding $BEST tokens may provide benefits like fee reductions and boosted APY. There is a projected price for $BEST at $0.62 in 2026, representing a potential ROI of 2,284% based on the presale price of $0.026005. The project targets mainstream adoption by making Web3 more user-friendly. The goal is to capture 40% of the crypto wallet market by the end of 2026.

The Philippine Digital Asset Exchange (PDAX) has launched Project Bayani with the goal of tapping into a $60 billion tokenized asset market in the Philippines by 2030. This initiative aims to connect existing digital wallets like GCash, Maya, and Coins.ph to regulated assets such as bonds, equities, and mutual funds. Crypto ownership in the Philippines is currently at 14%, exceeding stock ownership at 2.4% and mutual fund ownership which is below 1%. Nearly half of government bond accounts in the country are now tokenized through PDAX, enabling easier access for retail investors with investments starting as low as 500 pesos. PDAX is focusing on providing access to regulated investment opportunities for unbanked Filipinos by integrating them with mobile wallets.

A recent study by Glassnode found a connection between Bitcoin's price and the movement of USDT, a type of cryptocurrency called a stablecoin. The study showed that when Bitcoin's price goes up, large amounts of USDT are moved off of exchanges, suggesting investors are taking profits. The study also pointed out that Tether, the company behind USDT, creates more USDT when the crypto market is doing well and reduces the supply when the market declines. This highlights USDT's role in providing liquidity, or easily available funds, in the crypto market. The U.S. government recently created a regulatory framework for stablecoins and Tether has launched a new stablecoin for the U.S. market. Institutional investors are now playing a larger role in the Bitcoin market, and their actions, along with the movement of stablecoins like USDT, have a significant impact on Bitcoin's price. Bitcoin has recently recovered to around $90,970, and investor confidence is improving. USDT remains the largest stablecoin by market value, followed by USDC.

XRP is currently trading around $2.22, reflecting a 1.68% increase in the last 24 hours and a 63% gain so far this year. It recently regained support at $2.05. To continue its upward trend, XRP needs to break through resistance levels at $2.37 and $2.62. Technical analysis indicates key support at $2.18 and resistance at $2.28. CoinCodex predicts XRP could reach a maximum price of $2.53 by November 2025, which is a 14% increase from current levels but still significantly below its all-time high of $3.84 in 2018. If it cannot break through $2.28, it may fall to support levels near $2.18 and $2.12.

Between November 21st and November 27th, 2025, Bitcoin held on exchanges decreased by approximately 580,000 BTC. This large outflow has sparked interest in the market. The price of Bitcoin is currently around $91,700, up 6% in the last day. Data indicates large Bitcoin holders are moving their assets off exchanges, while smaller retail investors are participating less. A key metric on Binance suggests increased selling from leveraged positions. Analysts are watching the $89,000 to $91,000 price range closely and believe reclaiming $100,000 is important for further price increases.

Solana's price is facing headwinds after a $36 million exploit on the Upbit exchange involving Solana tokens and other cryptocurrencies. The exploit, reportedly stemming from unauthorized access rather than a core Solana protocol flaw, has introduced caution into the market despite an earlier recovery driven by Bitcoin's surge. Upbit has suspended deposits and withdrawals to investigate the breach, which involved 24 different cryptocurrencies. Solana's price is struggling to break above the $142-$144 resistance level after rebounding from lows near $127. Technical indicators suggest potential bearish pressure, with concerns about liquidity outflow. While a rise above $150-$153 could temporarily invalidate the bearish outlook, a drop below $140 is still feared. Solana's overall bullish structure remains intact with the $180 level acting as defense. Strong network activity, validator strength, and DEX volumes suggest no fundamental breakdown, and derivative positioning remains neutral. A break below $180 could trigger a deeper correction.

The South Korean cryptocurrency exchange Upbit halted deposits and withdrawals on November 27 after detecting an unauthorized transfer of around $38.5 million in various tokens on the Solana blockchain. The exchange noticed abnormal withdrawals occurring on the Solana network and has suspended all related services. Tokens affected include SOL, USDC, BONK, JUP, RAY, PYTH, ORCA, and several other smaller assets. Upbit has moved remaining funds to secure cold wallets and is working to freeze the stolen tokens. Upbit assures users that they will cover the losses from their own holdings and that user balances will not be affected. A security review is underway beyond the Solana network to prevent future incidents.

Bitcoin's price has increased to over $90,500, but there are signs the rally might not last. Large Bitcoin and Ether holders are moving their coins to exchanges, likely to sell them, which increases selling pressure. Ether deposits on exchanges are at their highest level in three years, while its price is nearing $2,900. Data suggests that the price increase is happening with limited demand and investors selling at a loss, suggesting the market could be weak. Bitcoin is still down about 28% from its peak in October, and while it's holding above $90,000, it could drop again if demand doesn't increase.

DWF Labs has launched a $75 million investment fund specifically for DeFi (decentralized finance) projects. The fund will target projects building new systems for generating yield, managing credit, and providing liquidity on blockchains like Ethereum, BNB Chain, Solana, and Base. DWF Labs is looking for teams with working products and innovative ideas that can address issues in areas like liquidity and risk management. In addition to funding, DWF Labs will offer support to these teams, including help with marketing, providing liquidity, and connecting them with other companies in the industry. The aim is to support the growth of DeFi, particularly as institutions become more interested in using blockchain technology for finance. Data shows that the total value locked in DeFi protocols is over $121 billion, and daily trading volumes on decentralized exchanges are around $10.7 billion. Experts believe that clearer regulations and improved technology will lead to wider adoption of DeFi by institutions and the general public.

Ethereum's price has rebounded to over $3,000, showing a 3.5% increase after a nearly 40% drop in the past month. Spot Ethereum ETFs in the U.S. saw their fourth consecutive day of positive inflows, accumulating $78 million and exceeding $12 billion total. A notable purchase was made by BitMine, who added approximately 69,822 ETH, valued at around $197 million, bringing their total ETH holdings to 3.63 million, valued at over $10 billion. Large Ethereum holders, specifically wallets containing between 10,000 and 100,000 ETH, now possess a record-high balance of over 21 million ETH. Technical indicators are showing positive momentum, with Ethereum moving away from oversold conditions and potentially heading towards the $3,115-$3,250 range if it sustains above $3,000. Binance's ETH reserves have decreased to 3.76 million, suggesting a movement of coins into long-term storage or staking.

Pi Coin's price has increased by over 6% recently, mirroring Bitcoin's upward trend, which is unusual for Pi. The price needs to stay above $0.2591 to potentially reach $0.29, a 14% increase. However, if the price drops below $0.22, it could fall to $0.20. Technical indicators present mixed signals. The Relative Strength Index (RSI) suggests potential weakness, and the Chaikin Money Flow (CMF) indicates that money flow into Pi Coin might be weakening, despite the recent price increase. Historically, Pi Coin has moved in the opposite direction of Bitcoin, which could provide some stability. Overall, the price prediction is unclear due to conflicting signals.

SpaceX, Elon Musk's aerospace company, moved 1,163 Bitcoin, worth about $105.4 million, to two unknown digital wallets. This is their first big Bitcoin move since late October when they transferred 281 Bitcoin. Currently, SpaceX holds around 6,095 Bitcoin, valued at approximately $552.9 million. The reason for the transfer is unclear, but analysts believe it's more likely for security reasons than to sell them. SpaceX reduced its Bitcoin holdings by about 70% in 2022. Tesla, another company run by Elon Musk, also sold a large portion of its Bitcoin in 2022 and currently holds 11,509 BTC worth $1.05 billion.

Bitwise is planning to launch an exchange-traded fund (ETF) focused on Avalanche, a cryptocurrency. The ETF will trade under the ticker symbol AVTX. The fee for managing the ETF will be 0.85% of the assets managed. This move allows investors to gain exposure to Avalanche without directly holding the cryptocurrency themselves.

Bitcoin's price rebounded to between $88,000 and $90,000 after falling to $81,000 the previous week. This offered some temporary relief to traders, but overall sentiment among retail investors turned very negative during the drop. Large Bitcoin holders, with wallets containing 10 to 10,000 BTC, have been consistently reducing their holdings for the past six weeks. Most Bitcoin traders are still experiencing losses, indicated by negative MVRV ratios, and the creation of new Bitcoin addresses has decreased from 3.37 million to 2.21 million. Experts are cautious, suggesting this price bounce may not be a true recovery, particularly as Bitcoin's correlation with the Nasdaq stock index has weakened. Analysts predict Bitcoin could test the $82,000 level again and might even fall below $80,000 unless there's an increase in demand from institutional investors.

S&P Global Ratings, an American credit rating agency, has given Tether (USDT), the most popular dollar-pegged stablecoin, a risk rating of 5, which is their lowest possible rating. Tether's CEO has responded strongly against this assessment.

Cathie Wood, CEO of ARK Invest, predicts that the current liquidity issues affecting crypto and AI markets will reverse in the coming weeks. She believes this reversal will be driven by expected policy changes from the Federal Reserve before the end of the year. ARK Invest has been actively purchasing crypto-related stocks during the market downturn, spending over $93 million this week alone. Wood anticipates the Federal Reserve will end quantitative tightening at its December 10 meeting and expects another interest rate cut in December as economic data weakens. She notes that crypto markets have been sensitive to liquidity conditions, with Bitcoin falling below $90,000 after peaking at $125,100 in October. ARK Invest has increased its crypto stock purchases, with its crypto exposure through ETFs surpassing $2.15 billion. Wood also dismissed concerns about an AI bubble. While she recently lowered her 2030 Bitcoin price target from $1.5 million to $1.2 million due to stablecoin competition, she still maintains a positive outlook on Bitcoin.

Metaplanet, a Japanese company investing heavily in Bitcoin, faces a potential crisis as Bitcoin's price has fallen significantly. The company holds over 30,000 Bitcoins purchased at an average price of $108,000 each, and Bitcoin is currently trading around $87,700, resulting in substantial losses. Metaplanet's stock price has also plummeted. The company recently borrowed $130 million secured by its Bitcoin holdings. Two key dates are approaching: December 18, when the Bank of Japan will decide on interest rates, and December 22, when Metaplanet shareholders will vote on a fundraising initiative. The outcomes of these events could determine Metaplanet's fate, as tighter monetary policy from the Bank of Japan could depress Bitcoin prices. For Metaplanet to break even, Bitcoin needs to reach $108,000, and if it falls below $70,000, the company may have to sell assets.

Recent on-chain data indicates a significant increase in the amount of Bitcoin and Ethereum being deposited into cryptocurrency exchanges. Over the past week, the combined value of these deposits has exceeded $40 billion. This surge suggests that investors may be planning to sell their holdings, potentially contributing to the recent market downturn. Simultaneously, stablecoin deposits into exchanges have also increased, particularly on Binance, where stablecoin reserves have reached a record high of $51.1 billion. While Bitcoin and Ethereum inflows often signal selling pressure, increased stablecoin deposits can indicate a potential buying interest in the market. Currently, Bitcoin is trading around $30,000, showing a slight increase over the past week.

Pi Coin has recently increased in value while Bitcoin and Ethereum have decreased. However, a potential price drop of 34% could occur if Pi Coin's price falls below $0.21, due to a head-and-shoulders pattern forming on its price chart. To avoid this, Pi Coin needs to rise above $0.29. The Relative Strength Index (RSI) also indicates a possible downturn. Currently trading near $0.26, Pi Coin's price direction depends on whether it can surpass $0.29 or if it falls below the $0.20-$0.22 range. Dropping below this range would trigger the expected 34% decrease toward $0.19 or lower. Therefore, Pi Coin must continue to increase in value to maintain its uptrend; otherwise, a significant price drop is expected.

Ripple's dollar-backed stablecoin, RLUSD, has been approved by Abu Dhabi's Financial Services Regulatory Authority (FSRA) as an Accepted Fiat-Referenced Token, allowing it to be used for payments within the Abu Dhabi Global Market. This means businesses licensed by the regulator can now process payments with RLUSD, meeting specific trading requirements for such tokens. The UAE has seen a 55% increase in stablecoin transactions this year, and Ripple intends to use RLUSD's compliance to compete with established stablecoins like Tether (USDT) and Circle (USDC) in the region. Ripple says this approval will help increase activity in the UAE's $400 billion international trade market. This follows a similar approval from Dubai's financial regulator in June. Beyond the UAE, Ripple is expanding RLUSD's reach, including potential distribution in Japan through SBI VC Trade in 2026 and distribution to institutional clients in Asia-Pacific through MetaComp. Ripple's CEO has indicated plans to further invest in traditional finance assets to integrate crypto solutions.

A Philippine digital asset exchange is pursuing a tokenization project called Project Bayani, targeting a potential $60 billion market. This initiative aims to convert traditional assets into digital tokens, allowing for easier trading and investment. The exchange hopes to capitalize on the growing interest in digital assets within the Philippines and attract both local and international investors to tokenized versions of real-world assets.

Merlin Chain (MERL), a Bitcoin Layer-2 project, saw its price increase by roughly 22.5% in the last 24 hours, trading around $0.31. While it's up about 171% over the past three months, it's down approximately 15% in the last month. Technical indicators suggest this recent rally might be a "bull trap," where prices temporarily rise before a downturn. Specifically, the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) show weakening momentum and decreased large-money inflows, despite the price reaching new highs. Key price levels to watch are $0.38 (resistance) and $0.28 and $0.21 (support). A daily close above $0.38 could invalidate the bearish setup, while a drop below $0.28 and especially $0.21 would strengthen the downtrend confirmation, indicating a trend reversal.

MemeRepublic's second week saw intense competition among meme tokens, with LAMBO ultimately winning due to community support and organic trading activity. LAMBO will receive $100,000 in rewards. The top five tokens, including POK and DICKSHOTI, experienced significant price movements and trading volume, with some exceeding $300,000 in weekly trading and $100,000 in liquidity. The rules were updated to enforce a 1% LP trading fee and prevent manipulation. The updated Formula 2.0 emphasizes genuine activity, and new tokens are emerging, leading to a healthier meme economy. Week 3 promises more competition, another $100,000 round, and potential surprises.

Pi Network is partnering with CiDi Games to expand into Web3 gaming, aiming to increase the utility of Pi coins. CiDi Games will develop Pi-integrated games and infrastructure, with Pi Ventures taking an equity stake in CiDi. This move comes as Pi Network prepares for regulated trading in the EU, having published a MiCA-compliant white paper and planning to trade on Malta-licensed exchanges. However, exchange balances of Pi coin are increasing, reaching 430.8 million Pi, or about $109 million, with Gate.io holding the largest share. Net inflows into exchanges are also rising, with over 631,200 Pi added in the last 24 hours. Pi Network is releasing 145 million Pi in November and plans to release 173 million in December, the largest monthly unlock until late 2027. Despite these developments, daily trading volume remains around $30 million, raising concerns about whether the ecosystem can absorb the increasing supply.

Cardano (ADA) is currently trading above $0.43, reflecting a general recovery in the cryptocurrency market. An analyst has identified a potential bullish pattern that, if completed, could lead to a 100% increase in Cardano's value.

Bitwise CIO Matt Hougan stated that XRP is evolving to better capture value for its holders. He suggests that this aligns with a wider trend in the cryptocurrency industry where stronger ways to retain value are being developed.

Tether, a large cryptocurrency company, is stopping its mining operations in Uruguay due to high energy costs and electricity prices. They are laying off 30 of their 38 employees. Tether had planned to invest $500 million in Uruguay, including building data centers and a renewable energy park, but only invested about $100 million because the project became too expensive. Tether claimed that high electricity fees increased their operating costs and requested a better pricing plan from the local power company, UTE. News reports initially suggested Tether was leaving Uruguay due to unpaid electricity bills of $4.8 million. While Tether acknowledged a debt issue, they denied that it was the primary reason for halting operations. The company stated they are still considering options for remaining in Uruguay.

Bitcoin's price has risen, reaching $91,000. This increase coincides with a prediction from JP Morgan that the Federal Reserve may cut interest rates in December.

The Crypto Content Creator Campus (CCCC) Lisbon 2025 recently held a livestream announcing the winners of a competition or program related to the event. The livestream was referred to as a 'Winners AMA'. The event is focused on crypto content creators.

Spain's Sumar party has proposed a significant overhaul of cryptocurrency taxation and regulation. The plan includes raising the top tax rate on crypto profits to 47% for individuals and a flat 30% for companies. Digital assets would be classified as seizable property, potentially allowing authorities to take possession of them in legal situations. Additionally, the proposal calls for Spain's securities regulator to create a risk warning system for crypto assets, which platforms would be required to display to users. Critics argue that the plan misunderstands how decentralized cryptocurrencies like Bitcoin work and could push crypto activity outside of Spain. The proposal comes as Spain increases its scrutiny of crypto, sending out over 600,000 notices to crypto holders last year.

Bitcoin has climbed above $90,000 after a week of trading below that level, signaling a potential recovery. However, there are concerns about market liquidity because long-term holders are still selling their Bitcoin for profit. As long as these holders continue to profit, Bitcoin has some support, but a shift to selling at a loss could trigger a significant market downturn. Market indicators suggest that the extreme stress has eased, with volatility decreasing, but Bitcoin is still susceptible to sudden price changes. Bitcoin is currently trading around $91,366 and needs to break through the $91,521 resistance level to continue its upward momentum, with a potential target of $95,000 or even $100,000. If long-term holders begin to sell at a loss, Bitcoin could fall back below $90,000 towards $86,822 or $85,204.

The UK's Financial Conduct Authority (FCA) has launched a Stablecoins Cohort, allowing companies to test their stablecoin products in a real-market environment. This program provides direct interaction with FCA Innovation Case Officers, potentially influencing the future regulations surrounding stablecoins in the UK. Firms accepted into the cohort will gain public visibility on the FCA's listing, which could attract investors and partners. Applications were accepted between November 26, 2025, and January 18, 2026. The UK aims to foster safe digital finance innovation, particularly within its fintech market, valued at over 261.4 billion, where stablecoins are playing an increasingly important role. This initiative offers firms the chance to shape stablecoin issuance, redemption, and backing rules within the UK.

The financial industry is exploring tokenizing real-world assets like real estate and bonds, aiming to bring trillions of dollars into the crypto space, enable 24/7 trading, and speed up transaction settlements. However, integrating traditional finance systems with blockchain technology faces challenges. The main issue isn't just regulation, but the need to re-engineer how financial institutions handle risk, security, and compliance to match the real-time nature of blockchain. Experts suggest institutions need to adopt programmable custody and automated compliance systems. Private, permissioned blockchains are being used as sandboxes for firms to experiment with smart contracts and tokenized settlements. Tokenizing assets like private credit could give both institutional and retail investors more access and liquidity, but also introduces new risks related to volatility and data complexity. The ultimate goal is to merge traditional financial governance with decentralized finance programmability, creating a system where the rules of an asset are coded, enabling automated settlements and composable compliance.

UK business leaders have voiced concerns that the latest government budget, despite tax increases, lacks sufficient measures to stimulate economic growth. They point to rising costs for companies, including minimum wage increases and higher employer national insurance contributions, as hindering growth. Retailers, in particular, expressed dissatisfaction, especially smaller businesses facing potentially higher business-rate bills. The gambling industry faces a tax hike on online games, estimated to cost companies a combined 790 million annually by 2027, potentially leading to job cuts. Some banks, which avoided new taxes, have announced financing for UK businesses and mortgage reductions. The government is promoting a stamp duty holiday for new company listings in London to attract investors and is encouraging executives to promote the budget favorably. While some see the budget as landing reasonably well, others hoped for stronger signals on spending discipline, with some praising measures aimed at supporting business founders through tax relief.

The Best Wallet Token ($BEST) presale, which has raised $17.65 million at a price of $0.026005 per token, ends tomorrow. The project aims to create a non-custodial, multi-chain mobile wallet that integrates features like tracking, swaps, staking, and access to curated presales all in one app. The wallet aims to simplify the Web3 experience for users and offers benefits to $BEST holders, such as fee discounts, higher staking yields, and priority access to presales. The project aims to capture 40% of the crypto wallet market by the end of 2026. There is noted interest from larger investors, and price predictions estimate potential gains by 2026.

Ethereum's price has increased, surpassing $3,000. This rise is occurring in anticipation of the upcoming Fusaka upgrade to the Ethereum network. The market is reacting positively to the expected changes from this upgrade.

Coinbase has released its investment ideas for the crypto market in 2026, focusing on the evolution of crypto into real-world applications. One key area is integrating real-world assets (RWA) through perpetual futures, allowing trading without holding the physical asset. Coinbase also highlights the importance of specialized exchanges with features like prop-AMMs to protect users from unfair trading practices and prediction market aggregators for real-time event odds. A new wave of DeFi protocols is expected, combining perpetual exchanges with lending features for better capital efficiency and prioritizing user data protection. The integration of AI is also emphasized, particularly in decentralized physical infrastructure networks (DePIN) for robotics and proof-of-humanity tools. The overall vision is for crypto to become infrastructure for finance, AI, identity, and real-world markets, potentially making it mainstream by 2026.

Oracle is facing increasing credit stress due to its heavy spending on artificial intelligence. A key risk indicator for Oracle's debt has reached a three-year high. Morgan Stanley warns that Oracle may face significant challenges in 2026 if it doesn't address concerns about its AI investments. The cost to insure Oracle's debt against default has risen to 1.25 percentage points per year, nearing levels seen during previous periods of financial strain, and possibly reaching 2 percentage points soon. This is partly due to Oracle's substantial debt and unclear funding plans. Banks that have provided loans for data center projects where Oracle is the primary tenant are increasingly hedging their risk, driving up trading volume in Oracle's credit default swaps (CDS). This situation has led Morgan Stanley to close its recommendation to buy Oracle bonds, now favoring buying CDS protection as a cleaner way to profit from expected market movements. The rising credit strain may pressure Oracle to provide more clarity on its financing plans during its next earnings call.

A crypto trader known as 1011short has re-entered the Ethereum market, investing $10 million USDC into Hyperliquid to open a leveraged long position on 15,000 ETH, valued at approximately $44.15 million. This position, entered at an ETH price of $2,945, is currently showing a slight loss as the market price hovers near $2,896. The trader's liquidation point is estimated at $2,326. Market volatility has led to significant liquidations, with $337 million in leveraged positions wiped out in the last day, impacting 112,021 accounts. Short positions accounted for the majority of these liquidations at $233 million, while long positions totaled $104 million. Bitcoin and Ethereum liquidations were substantial, with $119 million and $73.34 million respectively. Separately, BitMine Immersion Technologies increased its ETH holdings by 69,822 coins, now possessing 3.63 million ETH, around 3% of the circulating supply, despite facing unrealized losses of roughly $3.4 billion on its ETH treasury.

The US Treasury has sent the Crypto Asset Reporting Framework (CARF) regulations to the White House for review. CARF is an international standard developed by the OECD, supported by nearly 90 countries, that requires crypto exchanges and service providers to collect and report extensive user data, including KYC information, tax residency, and tax identification numbers, to users' home countries annually. For US taxpayers using exchanges operating within CARF, this means those platforms will automatically report their activity to the IRS. Unlike similar reporting standards, CARF reports will go directly to the IRS, who will use data analysis tools to compare reported activity against individual taxpayer submissions. The framework mandates reporting of both sending and receiving wallet addresses. Full enforcement of CARF is scheduled to begin in 2027. Bitcoin has recently climbed back above $90,000 after falling to $80,000.

The Nasdaq exchange has requested permission from the SEC to increase the limit on Bitcoin options contracts for BlackRock's IBIT exchange-traded fund from 250,000 to 1 million. This increase is driven by IBIT's significant market capitalization, liquidity, and trading volume, comparable to major stocks like Apple and Microsoft. The change is expected to benefit institutional traders by enabling larger hedging positions, improving market efficiency, and facilitating new financial products linked to Bitcoin. While improving liquidity, the move could also increase leverage and volatility in the Bitcoin market. On Wednesday, IBIT experienced inflows of $42.8 million, following a period of over $2 billion in outflows over the prior two weeks. JPMorgan has also announced a new Bitcoin product for institutional clients using IBIT.

Enthusiasm around potential XRP exchange-traded funds (ETFs) has renewed discussions about XRP possibly reaching $100. The article indicates that an expert believes XRP will not reach $100 by the end of the year.

U.S. Bank has initiated a pilot program to test a custom stablecoin on the Stellar network. This represents a significant step for a major U.S. bank towards integrating blockchain technology into standard financial operations. The project, supported by the Stellar Development Foundation and PwC, aims to explore how a stablecoin can expedite money transfers, enhance control, and reduce costs. The Stellar network was selected due to its ability to freeze assets, reverse transactions, and correct errors, aligning with banking regulations. Stellar boasts a 99.99 percent uptime record and is designed to handle asset issuance. The pilot program is in its early stages and currently lacks a launch date, but this initiative highlights a growing trend of banks exploring tokenized money for faster cross-border payments, quicker business settlements, and more efficient internal transfers. This move may accelerate broader adoption of faster and cheaper money transfer solutions for businesses and consumers.

Cardano's founder, Charles Hoskinson, has stated that all blockchains, including Cardano, will inevitably experience downtimes and code errors. He made this comment during his Code Is Law podcast following a recent issue involving a chain split on the Cardano network.

Pi Network is partnering with CiDi Games to integrate Pi coin into several of CiDi's Web3 games. This aims to increase the utility of Pi coin and engage Pi's large user base, known as Pioneers, while also supporting developers within the Pi ecosystem. CiDi could enable Pi to be used for in-game purchases. Pi Network has been investing in gaming initiatives, including hackathons and advertising systems. Previously, Pi Network collaborated on an AR game called Fruity Pi. CiDi plans to build a library of games for the Pi ecosystem. The price of Pi coin saw a 2% gain over the past 24 hours and is up over 11% for the month, trading around $0.25. Its market capitalization went above $2 billion. Social media chatter about a potential network update may be contributing to the price increase. Another Web3 gaming development is that Cross The Ages has launched alpha testing for Arise, a multiplayer action RPG, on the Epic Games Store.

BitMine (BMNR) stock experienced a 10% increase, but its future is closely tied to Ethereum's performance. To demonstrate sustained strength, BMNR needs to surpass $36.64. A decline in Ethereum's value could push BMNR back below $28.89. While money flow into BitMine is improving, it needs to turn positive to confirm a stronger buying trend. The company holds a significant amount of Ethereum, making its stock price sensitive to Ethereum's movements. A technical indicator called a "death cross" was nearly triggered for Ethereum, which could negatively impact BMNR if Ethereum declines further. Analyst price targets for BMNR are significantly higher, but these depend on Ethereum rising, BMNR exceeding $36.64, and strong buyer demand. For now, BitMine's rally is tentative, with key levels determining its next move.

Cathie Wood, the founder of Ark Invest, believes that the current squeeze on available money in the artificial intelligence and cryptocurrency markets may soon ease up. Ark Invest has been purchasing shares of companies connected to crypto, such as Block, Coinbase, and Robinhood, and is also investing in Circle and Bullish. Wood is positive about the future, seeing AI growth as a significant opportunity rather than a short-lived bubble, predicting continued innovation and profits.

Alt5 Sigma Corp., a blockchain company that partnered with a Trump family-linked crypto project, has removed its CEO and COO. This happened shortly after Alt5 entered a $1.5 billion agreement to acquire WLFI digital tokens from World Liberty Financial, where a Trump-affiliated entity could receive 75% of the token sales proceeds, potentially over $500 million. The executive departures follow legal scrutiny related to a Rwanda money-laundering case involving an Alt5 subsidiary, where the subsidiary was found criminally liable and an Alt5 principal was ordered imprisoned. Alt5 claims its board was not aware of the Rwandan case until late August. The former CEO was suspended in October and the company president has now taken over as acting CEO.

Bitcoin's price has risen, exceeding $91,000. Meanwhile, XRP-related Exchange Traded Funds (ETFs) are attracting significant investor interest.

Ripple's USD-backed stablecoin, RLUSD, has achieved a record high market capitalization of $1.261 billion in November. This growth coincides with Abu Dhabi's Financial Services Regulatory Authority (FSRA) recognizing RLUSD for regulated institutional use within the Abu Dhabi Global Market (ADGM). The FSRA has classified RLUSD as an Accepted Fiat-Referenced Token, enabling FSRA-licensed institutions to use it for collateral, lending, and on prime brokerage platforms, provided they meet compliance obligations. RLUSD can now function as regulated settlement collateral and support lending flows within the ADGM. The stablecoin's market capitalization has significantly increased, with notable on-chain growth on both Ethereum and the XRP Ledger (XRPL). However, most of the new issuance since early 2025 has been on Ethereum.

Chad Steingraber, a commentator known in the XRP community, predicts a major price surge for XRP. His prediction is based on historical Bitcoin ETF trends and current accumulation patterns of XRP.

Ripple's USD-backed stablecoin, RLUSD, has been approved by Abu Dhabi's Financial Services Regulatory Authority (FSRA) as a Fiat-Referenced Token within the Abu Dhabi Global Market (ADGM). This allows banks, fintech companies, and payment providers operating under FSRA regulations to integrate RLUSD into their compliant services. RLUSD, which is issued under a New York DFS trust license and has a market cap exceeding $1.02 billion, is fully backed by USD in high-quality liquid assets. The approval signifies that RLUSD meets high standards of trust and transparency and positions it as a leading USD stablecoin in the Middle East. Abu Dhabi's endorsement highlights its support for crypto innovation and attracts major fintech companies to the region, further expanding Ripple's presence and partnerships.

Vitalik Buterin, the co-founder of Ethereum, has donated 128 ETH, valued at approximately $380,000, to each of two privacy-focused messaging apps, Session and SimpleX Chat. These apps emphasize user privacy by avoiding phone numbers and central servers, aiming to provide a more secure and surveillance-resistant communication platform. This donation highlights the importance of decentralized tools for safeguarding user data in an environment where privacy is increasingly at risk.

SpaceX, Elon Musk's space exploration company, moved 1,163 Bitcoin, worth $105 million, to a new wallet. This follows a previous transfer of 1,215 Bitcoin in October. SpaceX now holds 6,095 Bitcoin, valued at approximately $553 million, making it the fourth-largest private company holding Bitcoin. Analysts speculate the transfer is for improved custody rather than selling. Another Musk company, Tesla, holds 11,509 Bitcoin worth $1.05 billion. Bitcoin's price increased over 4% in the last 24 hours, trading at $91,230, recovering from a recent monthly dip.

AVICI, a cryptocurrency token for a new type of online bank built on the Solana blockchain, saw its value increase by over 1,700% in November, rising from $0.35 to over $7. This rapid growth is partly due to speculation that AVICI might partner with MoonPay, a major payment company. The overall market value of these alternative cryptocurrencies, or altcoins, reached over $90 million. This increase reflects the growing popularity of online banking services that use blockchain technology and record-high transaction volumes across the sector. The Web3 neobank sector now claims a $4.19 billion market cap. AVICI itself processed 100,000 transactions through its card service in November. The company raised $3.5 million via an initial coin offering.

South Korea's largest crypto exchange, Upbit, experienced a security breach on November 27, resulting in the unauthorized transfer of approximately 54 billion won worth of Solana-linked digital assets, about $37 million. The exchange immediately halted all deposits and withdrawals to prevent further losses and began moving assets to cold storage. Upbit will fully compensate users for the losses from its own holdings, ensuring customer balances are not affected. The exchange is conducting a comprehensive security inspection of its systems, including network connections, wallet systems, and deposit/withdrawal procedures, not just limited to the Solana network. This incident occurred shortly after Upbit's parent company, Dunamu, announced a major merger with Naver's fintech arm, increasing pressure on Upbit to demonstrate security and resilience. Upbit has managed to freeze around 12 billion won in Solaire tokens and is working with other institutions to freeze the remaining funds. Authorities are expected to join the investigation, and Upbit is cooperating fully. The exchange plans to restore services gradually after the security review is complete.

Kevin Hassett, previously an advisor to Coinbase and holder of at least $1 million in Coinbase stock, is now considered a leading candidate to become the next Federal Reserve chair in 2026. This has sparked speculation about the potential impact on the crypto market. Some analysts believe Hassett's preference for lower interest rates could be bullish for crypto, particularly if combined with pro-crypto regulation. However, the influence of Treasury Secretary Scott Bessent, who is advocating for changes to the Fed's balance sheet policies, complicates the outlook. Bessent wants to move away from quantitative easing. The actual impact on crypto will depend on the extent of rate cuts implemented by a Hassett-led Fed, the degree to which Bessent shrinks the balance sheet, and how markets react to inflation and fiscal risk under a more politically influenced central bank. Currently, prediction markets show about a 53% chance of Hassett becoming the next Fed chair. The total crypto market capitalization is approximately $2.96 trillion.

Pi Network is partnering with and investing in CiDi Games, a gaming platform, to enhance the gaming experience for its users, known as Pioneers. This move aims to expand the use of Pi within the network by integrating it into Web3 games, creating more ways for users to use Pi daily. Pi Network believes games will increase user engagement and activity within their ecosystem and support developers through tools and monetization. Pi Network Ventures, a $100 million investment arm, is backing CiDi Games, indicating confidence in their vision. The overall goal is to foster an ecosystem where tools, engagement, incentives, and innovation grow together to expand the platform.

KakaoBank, a South Korean digital bank, is developing a stablecoin pegged to the Korean Won, called Kakao Coin. This project has moved into the development phase, with the bank recruiting blockchain developers. Kakao Group views this stablecoin initiative as a key future business, forming a task force with KakaoBank and KakaoPay. Separately, Naver Financial is also advancing stablecoin projects, having completed a stablecoin wallet in Busan, with a launch expected next month. However, stablecoin regulations in South Korea face potential delays due to disagreements between the Financial Services Commission (FSC) and the Bank of Korea (BOK) regarding the role of banks in stablecoin issuance. The BOK wants financial institutions to hold at least 51% of any stablecoin issuer seeking approval, which the FSC worries could stifle innovation.

XRP's price has increased by less than 1% in the last 24 hours, currently trading above $2.2. XRP ETFs are seeing inflows, with $35 million flowing in on Tuesday, bringing the total volume to $622 million and net assets to $645 million, suggesting increased institutional investor interest. However, retail demand remains low, with futures Open Interest (OI) below $4 billion. XRP is struggling to break past the $2.35 resistance level. If it surpasses $2.35, it could potentially reach $2.68. Failure to break the $2.35 resistance could lead to a price decrease towards $1.82.

The crypto market experienced a rebound with Bitcoin rising above $90,000 and Ethereum surpassing $3,000. This follows two days of positive ETF flow data, indicating renewed investment from BlackRock and Fidelity. Other cryptocurrencies like SOL and BNB also saw gains of 3%. Bitcoin's rebound aligned with liquidation zone forecasts, eliminating overleveraged long positions. Institutional investment continues to grow with ETFs and retirement funds incorporating Bitcoin. The recovery of Ethereum and the rise of altcoins such as SOL and BNB signals the beginning of an altcoin season. Meme coins like BONK, TURBO, and WOJAK have also shown positive movement, indicating renewed interest in this sector.

Switzerland is postponing the automatic sharing of crypto account information with other countries' tax authorities until at least 2027. While the legal framework for this data sharing will be established by January 1, 2026, the actual exchange of information is delayed. Crypto service providers in Switzerland will need to register, report client data, and perform customer checks if they have a strong connection to Switzerland, starting in 2026. However, the sharing of this data with other countries will not happen immediately. Switzerland is waiting to finalize agreements with partner countries before starting the data exchange. They plan to share crypto tax data with 74 jurisdictions, including EU countries, the UK, Japan, Australia, and Canada, but not initially with the US, China, or Saudi Arabia.

Cryptocurrency exchange Upbit experienced a security breach resulting in the loss of approximately $38 million worth of crypto assets from its Solana ecosystem holdings. The stolen funds included significant amounts of TRUMP, BONK, and JUP tokens. The unauthorized drain of these assets has potential market implications for these specific cryptocurrencies and the broader Solana ecosystem, possibly impacting their value and investor confidence.

Solana (SOL) is currently trading around $142, showing a gain of over 3%. Its trading volume has increased by over 18%, reaching $5.39 billion. Earlier in the day, SOL hit a high of $144.47 after starting at a low of $135.63. If Solana can break through the resistance level of $145.32, it could potentially move towards $148.67. However, if the price reverses, it might fall to support levels at $139.48 and potentially $136.85. Technical indicators such as the Moving Average Convergence Divergence (MACD), Chaikin Money Flow (CMF), Relative Strength Index (RSI), and Bull Bear Power (BBP) suggest that bullish momentum is strengthening and buyers are currently dominant in the market.

Newly launched XRP ETFs experienced significant inflows, absorbing 80 million tokens worth $130 million on their launch day, November 24. Grayscale's GXRP and Franklin Templeton's XRPZ led the inflows, with GXRP attracting $67.4 million and XRPZ securing $62.6 million. Total assets under management for these ETFs reached $778 million. Canary's XRPC is currently the most successful XRP ETF with $331 million in net inflows, followed by Bitwise with $168 million. 21Shares' TOXR product is expected to launch around November 29. XRP's price increased by 5% in the past week, testing a key resistance level of $2.20. Analysts are watching for a potential breakout towards $2.35-$2.45, but the price remains below key moving averages.

Upbit, South Korea's largest cryptocurrency exchange, experienced a security breach on the Solana network. Approximately $38 million worth of digital assets were withdrawn due to irregular activity detected around 4:42 a.m.

Amina Bank, a Swiss crypto bank, and Deutsche Brses Crypto Finance Group have completed a pilot program using Google Cloud's Universal Ledger to test real-time fiat payment settlements among Swiss banks. The pilot successfully demonstrated 24/7 payment settlements while adhering to Swiss financial regulations, showing how distributed ledger technology can modernize payments, including cross-border and point-of-sale transactions, without creating new digital currencies or overhauling existing regulations. Several other unnamed Swiss banks participated in the pilot, which aims to address inefficiencies in global payment systems. Crypto Finance Group acted as the Currency Operator, ensuring compliance and defining transaction rules. Amina Bank also recently received regulatory approval in Hong Kong for its subsidiary, Amina HK, to offer crypto spot trading and custodial services to professional investors, making it the first international banking institution to receive this approval.

Australia has introduced a new bill to regulate crypto exchanges and custody providers more strictly. The "Corporations Amendment (Digital Assets Framework) Bill 2025" aims to protect investors and potentially boost productivity by creating a comprehensive regulatory framework for businesses holding crypto for customers. Crypto firms will need an Australian Financial Services License (AFSL) and will be supervised by the Australian Securities and Investments Commission (ASIC). This means they'll have to meet certain standards for handling transactions, keeping assets safe, and providing clear information to customers about fees and risks. Small businesses handling less than A$10 million annually, or whose crypto activity is secondary to their main business, are exempt. There's an 18-month grace period before the new rules take full effect. The bill has passed its first reading in Parliament and is now being debated, with a tougher vote expected in the Senate. The government believes this will strengthen safeguards for Australians using crypto platforms.

Market analysts are pointing out specific XRP price levels that are important for investors to monitor, as these levels are expected to indicate whether the price will go up or down. XRP is currently in a period of price consolidation after recently increasing by 13.79% since November.

Despite significant losses in the crypto market during November, some analysts believe an "altseason" is on the horizon. The TOTAL3, which is the total market capitalization excluding Bitcoin and stablecoins, is being monitored for signs of capital rotation. Analysts suggest that money is currently moving into stablecoins, a precursor to a potential shift into altcoins. One analyst stated that the recent downturn represents the end of the bear market for altcoins, not the end of the overall bull market, indicating potential financial opportunities. Altcoins have been slow to recover after November, but most are currently showing gains as Bitcoin and Ethereum have increased in value. The total market capitalization has risen to $3.2 trillion but needs to increase further to return to October levels. Some analysts suggest indicators are pointing towards a large altcoin rally, potentially occurring in 2026.

Grayscale has filed with the SEC to convert its existing Zcash Trust into a spot Zcash ETF, aiming to list it on NYSE Arca under the ticker ZCSH. If approved, this would be the first spot Zcash ETF in the U.S., allowing investors to gain direct exposure to Zcash through a regulated product. Coinbase Custody would store the ZEC, Coinbase would act as the prime broker, and Bank of New York Mellon would handle administration. As of November 25, the trust holds approximately 394,400 ZEC, valued at nearly $199 million. Despite the announcement, Zcash's price decreased by about 1.4% but has gained over 1,000% in the past 3 months and 54% in the past month.

Tom Lee, chairman of BitMines, has adjusted his Bitcoin price prediction, stating that reaching $250,000 by year-end is less certain than previously thought, and a new all-time high in 2025 is uncertain. However, he still anticipates Bitcoin exceeding $100,000 before the end of the year. This revised outlook acknowledges current market instability while also emphasizing ongoing institutional support and strong foundational factors, maintaining a positive long-term growth projection for Bitcoin into 2026.

South Korean cryptocurrency exchange Upbit experienced a security breach resulting in the unauthorized withdrawal of approximately $36.9 million worth of Solana-based assets. The breach was detected early Thursday, with funds being transferred to an external, unknown wallet address. The affected assets included a variety of tokens within the Solana ecosystem. Upbit has suspended all digital asset deposits and withdrawals to conduct a thorough investigation and secure the platform. The company assures users that Upbit's holdings will cover the losses, preventing any impact on customer assets. The breach occurred during ongoing discussions about a potential acquisition of Dunamu, Upbit's parent company, by Naver, a Korean internet conglomerate. Naver and Dunamu are planning a stock-swap merger and intend to invest significantly in AI and Web3 technology, with plans for a won-pegged stablecoin in development.

Charles Hoskinson, founder of IOG, announced that Midnight's native token, NIGHT, has been successfully deployed as a native asset on the Cardano blockchain. This was achieved by the Midnight Foundation and Shielded Technologies, marking a milestone for the privacy-focused blockchain.

The Bank for International Settlements (BIS) has issued a warning about the rapid growth of tokenized money market funds, which are digital versions of short-term funds, now holding nearly $9 billion in assets. The BIS highlights that while these tokenized funds offer flexibility, they also pose operational and liquidity risks, particularly a mismatch between daily withdrawals and the next-day settlement of underlying assets. They suggest technology like Broadridge's Distributed Ledger Repo (DLR) could help mitigate these risks. Similarly, the International Organization of Securities Commissions (IOSCO) cautioned that crypto tokens linked to traditional financial assets could introduce new risks for investors, even though existing regulations cover many aspects of tokenization. Tokenization involves creating blockchain-based tokens linked to assets like stocks or bonds, and while its usage is still limited, it could transform how financial assets are handled. The BIS also announced Tommaso Mancini-Griffoli as the new leader for its Innovation Hub, which focuses on digital currencies and other emerging technologies.

Solana ETFs have experienced 21 straight days of net inflows, reaching a cumulative total of $613 million. The total net assets managed are nearly $918 million. These consistent inflows, often in the millions of dollars daily, demonstrate strong institutional interest even with recent market volatility. Bitwise Solana Staking ETF (BSOL) holds 4.31 million SOL tokens, valued at approximately $587 million. Franklin Templeton, managing $1.7 trillion in assets, has filed for a Solana spot ETF with a 0.19% management fee, which is expected to further increase inflows. Despite institutional accumulation, Solana's price performance in November has been mixed, suggesting a potential re-accumulation phase. Analysts caution that a recent hack could negatively affect short-term sentiment and lead to market instability.

Supporters of XRP believe that Ripple and the XRP cryptocurrency have the potential to make financial services more accessible and affordable for individuals worldwide who currently lack access to traditional banking systems.

The cryptocurrency market is bouncing back after a recent dip where its total value fell from $3.6 trillion to $2.83 trillion, with Bitcoin dropping to around $80,000. Bitcoin's price is now approaching $91,000, driven by a short squeeze where many traders betting against Bitcoin were forced to buy it back, pushing the price up. Institutions are showing more interest, with Nasdaq seeking to increase limits on BlackRock's Bitcoin ETF options. Binance saw significant inflows of capital. Also, Bolivia approved banks to offer crypto services. However, a $36 million Solana exploit on Upbit raised security concerns. Despite this positive movement, caution remains with the Fear Index indicating persistent uncertainty. The rally is seen more as a technical recovery than a sign of a definite upward trend.

Ripple's RLUSD, a USD-pegged stablecoin, has received approval for use within Abu Dhabi Global Market (ADGM). This regulatory clearance allows RLUSD to be used in financial activities and services within ADGM's jurisdiction, potentially expanding its adoption and utility in the region's digital asset ecosystem.

Grayscale has filed to convert its Zcash Trust (ZCSH), holding about $197 million worth of ZEC, into an ETF. This has sparked controversy among Zcash advocates who fear it will centralize control of the privacy coin within Wall Street institutions. Critics argue this move contradicts Zcash's purpose of decentralization and financial privacy. They are concerned that an ETF would make ZEC's price more susceptible to institutional influence, similar to how Bitcoin's price was affected after the Grayscale Bitcoin Trust (GBTC) converted to an ETF. The Grayscale Zcash Trust currently holds about 2.4% of ZEC's circulating supply. The trust's current discount of approximately 18% suggests investor anticipation of potential price pressure. While Zcash has outperformed other altcoins recently, some attribute this to its lack of ETF control. The SEC will decide on the ETF's approval, which could set a precedent for other privacy coins.

Robinhood stock experienced a surge of over 5%, surpassing $120 in pre-market trading. This increase occurred despite a generally stable cryptocurrency market. The rise is attributed to Robinhood's expansion into prediction markets, highlighted by a recent acquisition. Ark Invest, led by Cathie Wood, has also invested in Robinhood stock, along with Circle and Coinbase. An analyst suggests that Robinhood stock could potentially reach $150, citing recent consolidation patterns as a buying opportunity. Ark Invest's ARKW has acquired 7,604 shares of HOOD stock, valued at approximately $875k. Robinhood and Susquehanna International Group are reportedly acquiring a majority stake in LedgerX to capitalize on prediction markets.

Singapore is shifting its focus from general crypto activities to tokenization, a process of turning assets into digital tokens on a blockchain. This move is supported by upcoming stablecoin regulations and aims to create a more regulated and stable digital finance environment, distancing itself from the volatile crypto market. The Monetary Authority of Singapore (MAS) plans to issue tokenized government bills next year, settled in wholesale CBDC. This follows losses from events like the FTX collapse and the Three Arrows Capital failure. Singapore is now working on building infrastructure and common standards for tokenization, pushing for global coordination and interoperability. Projects like SGD Testnet, Project Guardian and BLOOM are in testing stages of tokenized bonds settlements, digital Singapore dollar experiments and cross-border payments. They also signed an agreement with Deutsche Bundesbank to develop common standards. Singapore's stock exchange is preparing to launch Bitcoin and Ethereum perpetual futures for institutional investors.

Bitcoin is currently struggling to break through the $89,000 resistance level, a key price point that analysts say it needs to surpass to trigger a rally towards $93,000. Failure to break this level and a drop below the $86,000 support could lead to a fall towards $82,200. A further decline below this level could see sellers targeting $80,600. Traders are advised to manage risk carefully, with some taking partial profits due to the uncertainty and strong resistance around $88,000, and planning to re-enter positions only after Bitcoin establishes support above the $89,000 level.