In his Autumn Statement, UK Chancellor Jeremy Hunt announced that regulated rail fares in England will be frozen in real terms until April 2027. This is the first such freeze in 30 years. The freeze replaces the planned RPI-based fare hikes and aims to ease household budget pressures amid high inflation. The measure covers regulated fares, including season tickets and advance purchases. It will be funded by increased government subsidies to train operators, balanced by corporate tax adjustments. Alongside the rail fares freeze, the government introduced a 2p cut in National Insurance and raised the personal allowance. These budget measures seek to support consumer spending and stabilize the economy.
Neutral
UK Rail FaresBudget MeasuresInflation ReliefPublic Transport FundingConsumer Budgets
ISO 20022 has formally approved the activation of Ripple’s Interledger Protocol (ILP) on the SWIFT network, marking a milestone in cross-border payments and blockchain interoperability. The Mojaloop Foundation submitted the change request in late 2024, and ISO 20022 messaging standards now include ILP references. Banks can use XRP as a bridge asset for value settlement and leverage Ripple’s existing infrastructure for faster, cheaper transactions. With SWIFT set to migrate 90% of its traffic to ISO 20022 by early 2026, ILP’s inclusion could drive institutional adoption of blockchain payment rails. While full integration depends on bank uptake and technical rollout, this approval positions Ripple at the nexus of traditional finance and distributed ledger technology, potentially reshaping global money flows.
Bullish
ISO 20022SWIFTRipple InterledgerCross-border PaymentsBlockchain Interoperability
Bitwise CIO Matt Hougan highlights that amid the current market correction, the upcoming December Fusaka upgrade for Ethereum will enhance ETH’s token value capture by introducing a minimum fee for Layer 2 data recording. Often overlooked, this undervalued catalyst is expected to draw market focus soon and could enable Ethereum to spearhead a broader crypto market rebound.
Monad completed its public token sale on Coinbase, attracting 85,820 participants and raising $269 million, with the mainnet launch scheduled for next week. Meanwhile, Binance’s Alpha platform will list Irys (IRYS) on November 25 and open a Kyuzo’s Friends (KO) airdrop for qualified users. Traders should note potential sell pressure when unlocks hit the market and anticipate increased trading volume around the IRYS listing. Recent on-chain data also highlights significant movements: a hacker exploited Port3’s BridgeIn vulnerability to mint and dump PORT3 tokens causing a 77% crash, and the 1inch team moved 6.01 million 1INCH tokens from Binance. Additionally, a single address deposited 8,920 ETH into Binance, potentially offloading at a loss. These developments offer key trading signals for altcoin liquidity and risk management.
Solana’s governance council has proposed an inflation reduction measure to curb annual SOL issuance, aiming to support long-term price appreciation. Under the plan, the annual inflation rate would fall from its current level to a lower target, cutting the supply of newly minted SOL tokens. While this inflation reduction strengthens the token’s scarcity narrative, it also reduces the yield base for DeFi platforms on Solana. Protocols like Aave and Solend may see annual percentage yields (APYs) on lending and farming products decline as fewer tokens enter circulation. Traders should anticipate a short-term shift in capital away from Solana DeFi yields and consider reallocating to higher-return strategies or alternative chains. In the longer term, reduced inflation could bolster SOL price performance and attract renewed DeFi activity.
Ripple CTO David Schwartz says that the company’s efforts to diversify revenue streams reduce its reliance on selling XRP tokens to fund operations. Historically, Ripple’s cash flow depended heavily on releasing monthly XRP escrow holdings, which tied its financial health to XRP’s market price and liquidity. Schwartz argues that new income sources—such as revenue from RippleNet enterprise blockchain services, cross-border payment solutions, and the RLUSD stablecoin—ease the pressure to liquidate corporate XRP reserves. This shift could stabilize XRP supply, helping to prevent large sell-offs that might depress its price during market downturns. By boosting non-XRP earnings, Ripple aims to strengthen its balance sheet and align its business interests with token holders. Traders may view these strategic moves as a sign of improved financial resilience, potentially supporting XRP’s market performance in both the short and long term.
After sliding from $2.30 to a low of $1.80, XRP price rebounded past $2.00. Analysts identify immediate resistance at $2.00–$2.10. A decisive daily close above this range could target the next wall at $2.60. Failure to reclaim $2.08 risks a return to $1.75, a key support zone where 1.8 billion XRP tokens were previously acquired. A deeper drop to $1.50 marks the bearish scenario outlined by some analysts. XRP ended the day up 6.4% at $2.04 but remains down 10.2% weekly and 16.5% monthly. Overall, XRP price is 45% below its July 2025 all-time high.
OKX has announced it will relist Zcash (ZEC), the leading privacy coin, with spot trading for ZEC/USDT opening at 12:00 UTC on November 24. Following the announcement, ZEC’s price surged to a local high of $601 before correcting to around $564. This rally reflects Zcash’s strong momentum, having climbed over 1,100% since September, driven by growing interest in privacy tokens. With a current market cap of $9.24 billion and daily volume nearing $2 billion, ZEC’s performance has also boosted the broader privacy coin sector, which boasts a combined market cap of $59.6 billion. Analysts, including Ali Martinez, are bullish on Zcash, predicting a potential rise to $750, a level last tested on November 7, 2016. OKX’s decision to relist ZEC—delisted in January 2024 due to low activity and user feedback—underscores renewed demand and could further enhance liquidity. Traders should monitor trading volumes and price movements ahead of the relisting to capitalize on volatility. OKX’s ZEC relisting marks a pivotal moment for Zcash and the privacy coin market.
Bloomberg Intelligence warns that Bitcoin has slipped below a critical support level, foreshadowing potential underperformance for risk assets through the end of the year. The recent decline highlights an inverse relationship between Bitcoin and S&P 500 volatility, suggesting heightened market swings could pressure both equities and crypto in the short term. Despite near-term caution, analysts see signs of a bottom, pointing to low leverage and the conclusion of Wall Street position adjustments. These factors could fuel a pronounced rally for Bitcoin and other risk assets in 2026. Traders should monitor spot Bitcoin support zones, shifts in the VIX index, and changes in institutional allocation as key indicators for upcoming momentum. While immediate sentiment remains cautious, the Bloomberg Intelligence outlook frames a bullish case for 2026 after a period of consolidation.
NYSE Arca has officially approved two major spot XRP ETFs, marking a milestone for regulated XRP investment products. On November 21, 2025, approval letters confirmed that Franklin Templeton’s spot XRP ETF and the Grayscale XRP Trust ETF secured listing status. Franklin Templeton’s product moves into the 20-day countdown ahead of its expected November 24 launch, while Grayscale plans to convert its trust to an ETF by November 25. This follows recent launches from Canary Capital (XRPC on November 13), Bitwise (November 20), and Amplify’s XRPM. The new ETFs offer U.S. investors regulated, token-free exposure to XRP, boosting institutional demand, tightening token supply, and deepening market liquidity. These developments could catalyze further price gains as capital flows into spot XRP vehicles.
Solana has introduced SIMD-0411, a proposal to double its annual disinflation rate from 15% to 30%. The plan aims to cut the blockchain’s inflation rate from 4.5% to 1.5% over three years. Analysts warn that faster disinflation could shrink short-term DeFi yields, especially for liquid staking tokens like jupSOL. Ignas, a DeFi analyst, said lower inflation and reduced staking rewards might prompt traders to exit positions. Supporters argue that Solana’s disinflation move will reduce long-term selling pressure by limiting new SOL emissions. Helius Labs founder Mert Mumtaz described the proposal as a way to “plug the leaky bucket,” noting that up to 22.3 million SOL could be removed from the emission schedule over six years. Community voting will decide SIMD-0411’s fate. Traders should monitor the vote and adjust strategies as inflation debates continue to drive SOL volatility.
Litecoin price has been trading in a tight range since October 10, oscillating around the $80 support level and facing repeated ceilings near $85. On November 21, LTC rebounded from a third test of $80 to $81.92 but stalled at $85 resistance. Technical indicators confirm a sideways trend: price remains below the flat 21-day and 50-day moving averages, and Doji candlesticks reflect trader indecision. Key resistance levels for Litecoin price lie at $85, $100, $120 and $125, while support levels sit at $80, $60, $40 and $20. A clear break above the $100 barrier and moving averages may trigger a bullish surge toward $125. Conversely, failure to hold $80 could see Litecoin price slide toward $54.94. Traders should monitor price action for confirmation signals before entering positions.
Neutral
LitecoinPrice AnalysisSupport and ResistanceTechnical IndicatorsRange Trading
On November 23, 2025, MicroStrategy co-founder Michael Saylor described Bitcoin volatility as a “gift” from Satoshi Nakamoto. Saylor argued that Bitcoin volatility is essential to market health: if bitcoin experienced zero volatility and climbed a fixed 2% each month, institutional investors like Warren Buffett would accumulate the entire supply. He warned that such a scenario would deprive retail investors of any stake. Saylor emphasized that bitcoin volatility underpins trading opportunities, speculation and faith in the asset as digital gold. His remarks underscore volatility’s role in preserving bitcoin’s decentralization and broad distribution. Traders should note the philosophical reminder of bitcoin volatility’s influence on market dynamics.
Bitwise CEO Hunter Horsley announced on X that he added to his Bitcoin holdings at the $85,000 price level, reinforcing his earlier view that now is a good time to buy crypto assets. The Bitwise CEO’s move demonstrates institutional confidence in Bitcoin’s future and may bolster bullish trading sentiment across the market. Traders may interpret this purchase at a high price point as validation of ongoing market strength and consider adjusting their positions accordingly.
VanEck’s digital asset team warns that investors are reducing their Bitcoin exposure in anticipation of a bearish 2026 market cycle. Citing sustained outflows from spot Bitcoin ETFs throughout 2023 and ongoing macroeconomic headwinds, analysts at VanEck expect the next Bitcoin halving in 2024 to precede a prolonged downturn. They highlight that global interest rate pressures may not ease until 2026, intensifying selling pressure. Historical parallels include the post-halving bear markets of 2018 and 2022, when traders exited positions ahead of deeper price declines. The firm advises traders to monitor ETF flows and macro indicators closely, as continued redemptions could trigger short-term volatility. While a recovery is possible after the anticipated bottom, VanEck’s outlook suggests caution for Bitcoin strategies until mid-2026.
Circle has launched the public testnet for its new Layer 1 blockchain, Arc, positioning it as an “internet economic operating system.” The Arc L1 testnet’s standout feature is its native USDC gas model, removing the need for ETH or other volatile tokens. Fully EVM-compatible with configurable privacy settings, the Arc testnet integrates with Circle’s full-stack platform for lending, capital markets, forex and payments. In its Q3 earnings, Circle hinted at a future Arc native token, while early participants could qualify for potential airdrops, though none are guaranteed. The release includes an eight-step interaction guide: adding the Arc network, claiming USDC/EURC test tokens, deploying contracts via OnChainGM and zkCodex, minting NFTs on OmniHub, swapping USDC to WUSDC on Curve, minting a Genesis Pass on ArcFlow Finance and registering domains on InfinityName. Eleven projects are already live on the testnet, including ZKP2P, Sequence, Superface, Blockradar, Hurupay and Axelar, focusing on real-world assets, DeFi and enterprise solutions. Traders are encouraged to explore the Arc testnet but should remain rational about airdrop prospects.
Major Perp DEXs unveiled key updates this month. edgeX launched its $MARU meme token with 70% allocated to airdrops and ecosystem incentives, upgraded Messenger into a DeFi collaboration hub with content rewards, and introduced edgeXFlow, a parallel StarkEx execution layer partnering with Polymarket and aiming for 30 integrations by 2026. Lighter closed a $68 million Series A round at a $1.5 billion valuation led by Founders Fund and Ribbit Capital, reported over $100 billion daily volume, $11.5 billion TVL, and integrated Chainlink oracles to expand into RWA derivatives markets. Meanwhile, Hyperliquid’s HIP-3 Growth Mode slashed taker fees by over 90% for new markets but saw high-profile liquidations and a $25.5 million POPCAT manipulation attack. Aster kicked off its fourth “Harvest” airdrop—120 million ASTER over six weeks—launched a $10 million perpetual trading contest, added Machi Mode to reward liquidated traders, and repurchased $214 million worth of tokens. Pacifica rolled out a TIF=TOB order type to improve market making, and Variational expanded to over 515 tokens with internal liquidity and more than $2 million in loss reimbursements. These developments signal robust activity and bullish potential for the Perp DEX derivatives ecosystem.
Bullish
Perp DEXMeme Token AirdropSeries A FundingRWA DerivativesFee Reduction
Cardano founder Charles Hoskinson denies that AI-assisted “vibe coding” halted the Cardano network after a malformed delegation transaction exploited a 2022 deserialization bug in a cryptographic library. The attack, which targeted Hoskinson’s personal stake pool, triggered a temporary chain split: newer nodes misparsed the transaction and produced invalid blocks, while older nodes rejected it and continued normal block production. Hoskinson stressed that Cardano remained fully operational, with both chains converging swiftly through node upgrades. He called the “vibe coding” narrative a false, personal attack undermining a decade of formal methods and high-assurance engineering. The attacker, known as Homer J, admitted the exploit stemmed from AI guidance but insisted no intentional network shutdown was planned.
Bitcoin price found key support near the 0.382 Fibonacci retracement level at $83,000, prompting a rebound that could see the leading cryptocurrency challenge resistance levels at $88,000 and $98,000. Technical analysis shows strengthening momentum, with the RSI turning bullish and moving averages aligned upward. Traders are watching for volume confirmation above $85,000 to validate this recovery and set their price targets accordingly. Should Bitcoin surpass the $88,000 resistance, it may extend gains toward $98,000, reinforcing a bullish outlook. Conversely, a failure to sustain above $88,000 could trigger a retest of the $83,000 support zone, making risk management essential.
Trinidad and Tobago has strengthened its crypto regulation by passing the 2025 Virtual Asset and Virtual Asset Service Providers Act. The new law establishes a licensing and oversight framework for virtual assets and related service providers. First proposed by the finance minister in September, the act aims to satisfy anti-money laundering (AML) and counter-terrorist financing (CFT) standards. It aligns the country’s crypto regulation with the Caribbean Financial Action Task Force’s fifth-round evaluation, including an on-site review scheduled for March 2026.
Bullish
Crypto RegulationVirtual AssetsAML/CFTTrinidad and TobagoVASP
Bloomberg Intelligence analyst James Seyffart highlighted the record-breaking XRP ETF and Solana ETF launches in the US. He noted that Bitwise’s Solana ETF and Canary’s XRPC ETF achieved the year’s top volume. Daily inflows for the XRPC ETF averaged $15 million, excluding its $240 million launch capital. Seyffart expects Dogecoin (DOGE ETF) and Chainlink (LINK ETF) funds to debut soon, with Bitwise’s DOGE ETF launching on Nov. 26 and Grayscale converting LINK Trust on Dec. 2. He also pointed to BlackRock’s proposed Ethereum staking ETF as a unique tax strategy. Seyffart argued that “altcoin season” may have peaked, as investors favor digital asset trusts and crypto mining stocks. He forecast a shift towards basket products—index ETFs holding multiple altcoins—to spread risk and attract institutional capital. These trends underline growing retail demand and maturing market infrastructure.
A malformed transaction triggered a Cardano mainnet partition, splitting the network into competing chains and causing block production delays. Stake Pool Operators (SPOs) reported diverging block histories, prompting an urgent, coordinated response. Developers rolled out node upgrades (v10.5.2 and v10.5.3) across major operators to restore consensus. The swift node upgrade and coordination helped restore consensus across the Cardano mainnet partition within hours. A working group led by Intersect is now reconciling ledger discrepancies and validating block histories before publishing a detailed after-action review. Charles Hoskinson called for community unity, emphasizing Cardano’s resilience and the need for ongoing cooperation. As the patched chain becomes dominant, normal operations are expected to resume soon, underscoring the network’s capacity to handle disruptive events.
The US Navy’s USS Gerald R. Ford carrier strike group, backed by a nuclear submarine, entered the Caribbean on November 16 to surround Venezuela’s coast. In parallel, the State Department plans to label Venezuela’s ruling “Sun Group” as a Foreign Terrorist Organization (FTO) by November 24. This dual military and legal pressure targets President Nicolás Maduro’s inner circle, aiming to sever illicit funding and incite military defections. Aviation authorities have warned airlines, prompting major carriers like Iberia and LATAM to suspend flights. Since September, US forces in the region have struck drug-trafficking vessels over a dozen times. External analysts warn that even if Maduro falls, fragmented drug networks could fuel armed factions. The UK has paused intelligence sharing, and Venezuela claims political support from Russia, China, and Iran. Rising tensions threaten oil and LNG shipping through the Caribbean, likely driving up insurance costs and supply-chain delays, with spillover risks to the Gulf of Mexico. Traders and policymakers will monitor whether Washington can balance military action, sanctions, and diplomacy without repeating past ‘‘regime-change then governance’’ pitfalls.
Binance Alpha has announced the listing of Kyuzo’s Friends (KO), becoming the first trading venue for the token. Trading opens on November 23, 2025, at 17:00 (UTC+8). Users with at least 256 Binance Alpha points can claim a 640 KO airdrop on a first-come-first-served basis via the Alpha event page. Unclaimed rewards will reduce the entry threshold by 5 points every 5 minutes. Each claim costs 15 Alpha points and must be confirmed within 24 hours or forfeited. This KO airdrop drives early KO trading engagement and rewards active Binance Alpha participants. Traders should monitor KO price movements at launch and consider redeeming points to capitalize on potential short-term gains.
Grayscale Research’s report spotlights Chainlink as a key infrastructure provider in the growing tokenization market. Chainlink’s oracle network delivers real-world data feeds while its Cross-Chain Interoperability Protocol (CCIP) enables seamless asset transfers across blockchains. Partnerships with S&P Global and FTSE Russell, plus successful CCIP tests with J.P. Morgan’s Kinexys and Ondo Finance, underscore institutional adoption of Chainlink technology.
The tokenization market is valued at $35 billion today, up from $5 billion in early 2023, yet represents just 0.01% of global fixed income and equity assets. This gap highlights significant growth potential for tokenization infrastructure like Chainlink.
Grayscale has filed with the SEC to convert its $29 million Chainlink Trust into an NYSE Arca-listed ETF under the ticker GLNK. The proposed LINK ETF would offer direct exposure to the Chainlink token and include staking rewards for passive income. If approved, this ETF could drive further demand for Chainlink, potentially boosting LINK prices in both the short and long term.
Crypto Dispensers, the Chicago-based Bitcoin ATM operator, has launched a strategic review for a potential $100 million sale after its CEO, Firas Isa, was federally indicted on money laundering charges. The company shifted in 2020 from physical ATMs to a software-driven model to reduce fraud and enhance compliance. The U.S. Department of Justice alleges Isa and Crypto Dispensers laundered $10 million from wire fraud and drug trafficking between 2018 and 2025. Both defendants plead not guilty. Regulators and local governments have tightened crypto ATM rules, citing over 11,000 scam complaints and $246 million lost in 2024. Several jurisdictions now ban or cap crypto ATM transactions.
Crypto Dispensers, a leading Bitcoin ATM operator in North America, is exploring a potential sale valued up to $100 million after its CEO was indicted on money laundering charges by the U.S. Department of Justice. The board has engaged Rothschild & Co to solicit bids from strategic buyers and private equity firms. Operating over 600 Bitcoin ATM locations across 45 states, the firm generated roughly $20 million in annual revenue in 2024. The CEO faces allegations of laundering $15 million tied to dark-web transactions, triggering heightened regulatory risk and reputational damage. Industry players such as Bitcoin Depot and LibertyX are viewed as likely bidders. Analysts warn the deal could pressure crypto markets in the short term but may restore stability once completed.
On November 23, Web3Labs confirmed its official X account was compromised in a hack. The attackers posted misleading content, prompting a firm warning. Web3Labs urged users to ignore, avoid clicking or sharing any messages from the compromised channel. The Web3Labs team is collaborating with X support to recover account control swiftly. No other systems or funds were affected. Crypto security measures are being reinforced.
Jack Yi fully loaded ETH at around $2700, signaling strong confidence in Ethereum. He also maintains positions in BNB, ASTER, BTC and BCH on trading platforms. His stablecoin allocation is concentrated in WLFI, which tracks USD1 and could outperform other stablecoins. Yi follows a three-track investment logic: major public chains, trading platforms, and stablecoins. He focuses on top projects in each category and lets time handle smaller positions. This approach underscores his bullish outlook on ETH and sector-leading tokens.