ASIC Chair Joe Longo has warned that Australia risks ceding market share if it does not accelerate asset tokenization. He noted over $35.8 billion in real-world assets—led by private credit and U.S. Treasury debt—are already on-chain, and global platforms have issued more than $3.1 billion in tokenized bonds since 2021. Major institutions like J.P. Morgan intend to fully tokenize money market funds within two years.
To support tokenization, ASIC will relaunch its innovation hub, explore an Enhanced Regulatory Sandbox and collaborate with government on reform. Pilots such as Project Acacia and Singapore’s Project Guardian remain limited without clear rules. Firms issuing wrapped tokens, stablecoins and tokenized securities must secure licences by June 2026. Longo stressed that modernized regulation will reduce friction, safeguard investors and unlock efficiency gains from instant settlement and fractional ownership in Australia’s digital asset markets.
Ripple has ruled out any immediate Ripple IPO after closing a $500 million funding round that valued the company at $40 billion. Led by Fortress Investment Group and Citadel Securities, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, this is Ripple’s largest capital injection in six years.
At its annual Swell conference, President Monica Long said the funding will fully support product scaling, payment technologies, ecosystem growth, acquisitions, and blockchain innovation via the XRP Ledger without the need for a public listing. She reiterated that there is no planned IPO timeline, distinguishing Ripple from peers like Circle, Bullish, and Gemini exploring public listings in 2025.
Ripple’s customer base has doubled quarter-over-quarter, driven by stablecoin payments and improving U.S. regulatory clarity. By deferring an IPO, Ripple maintains robust liquidity, avoids equity dilution, and keeps Ripple IPO on hold while funding long-term adoption.
Circle has submitted recommendations to the U.S. Treasury on implementing the GENIUS Act. It urges uniform stablecoin regulation for banks, nonbanks and both domestic and foreign issuers. Payment stablecoins must be fully backed by cash and high-quality liquid assets. These reserves should be segregated from corporate funds and redeemable on demand.
Circle also calls for transparent monthly audits, public reporting and clear enforcement penalties. It requests safe-harbor for good-faith compliance and warns against regulatory shortcuts and offshore arbitrage. Signed in July by President Trump, the GENIUS Act establishes a federal framework that takes effect 18 months after enactment or within 120 days following rule approval. A separate market structure bill remains stalled in the Senate amid a government shutdown. This stablecoin regulation framework aims to strengthen market integrity, boost consumer protection and level the playing field.
Bullish
CircleGENIUS Actstablecoin regulationpayment stablecoinsTreasury Department
Crypto liquidity has stalled as inflows from stablecoins, ETFs and digital asset treasuries plateau, creating a self-funded trading loop. Since early 2024, ETF and treasury assets jumped from $40 billion to $270 billion, while stablecoin issuance doubled to $290 billion. Despite a supportive M2 money supply and easing central banks, high short-term rates and elevated SOFR push fresh capital into US Treasury bills over crypto. As a result, traders are forced to recycle existing funds, leading to a player-versus-player market. Rallies are fleeting and market volatility is driven by liquidation cascades rather than sustained buying pressure. Wintermute warns that only renewed stablecoin minting, new ETF approvals or increased digital asset treasury issuance could spark fresh crypto liquidity. Some large investors continue quiet OTC accumulation, but this has minimal immediate price impact.
Crypto traders are eyeing Solana (SOL) trading between $190 and $200, bolstered by support at $160, $140 and $115 and driven by growing institutional and retail interest. The Layer-1 blockchain’s high-speed transactions, low fees and robust DeFi, NFT and GameFi ecosystems have analysts projecting a rally toward $500 by 2025, with resistance at $230 and $320. Meanwhile, Ozak AI’s presale has entered its next stage, with token prices ranging from $0.0014 in Stage 5 to $0.0012 in Stage 6, raising over $3.9 million by selling 960 million tokens. Backed by Perceptron Network integrations and HIVE’s 700,000 nodes, Ozak AI offers predictive analytics tools for crypto trading that could yield nearly 100× returns if its token reaches $1. Traders must balance Solana’s steady growth and institutional backing against Ozak AI’s speculative, high-reward potential.
Bybit PWM delivered a 16.94% annual percentage rate (APR) in October despite ’Uptober’ volatility driven by U.S.–China tariff tensions and Big Tech earnings swings. USDT-based strategies returned 11.56% APR, while BTC-based strategies yielded 6.81% APR. Using a time-weighted return (TWR) method, Bybit PWM underscores its disciplined diversification, data-driven strategy and institutional-grade infrastructure. According to Jerry Li, Head of Financial Products & Wealth Management, these structured approaches balance stability and yield under market stress. As such, Bybit PWM bridges TradFi and DeFi, offering high-net-worth clients resilient crypto wealth management for long-term growth.
Zcash (ZEC) surged past $600, marking its entry into the top 20 cryptocurrencies by market capitalization after a 358% monthly rally and a 1,270% year-on-year gain. Its market cap approached $10 billion as daily trading volume exceeded $1.8 billion and futures open interest topped $800 million, indicating robust organic demand for this privacy coin. The surge also saw Zcash overtake Hyperliquid in market cap rankings.
The rally reflects growing investor demand for Zcash’s optional-privacy features and cross-chain utility. Technical upgrades from the Electric Coin Company—such as protocol enhancements and the expanding Zashi wallet ecosystem—have deepened liquidity across major venues including Binance, Hyperliquid and Bybit. The spot-to-futures volume ratio suggests traders favor spot accumulation over leveraged bets.
As Zcash breaks past prior cycle highs, traders should monitor its momentum for potential long-term upside. Renewed interest in privacy coins could drive further market reshuffling in 2025, positioning Zcash for one of the strongest large-cap performances next year.
On November 7, 2025, Circle completed a 250M USDC minting, marking one of the largest stablecoin minting events to date. This USDC minting underscores rising institutional demand for regulated stablecoins and signals a liquidity surge across crypto markets.
Each USDC is backed 1:1 by USD reserves, ensuring stability and trust. The fresh USDC supply boosts liquidity on decentralized exchanges and DeFi protocols, lowering borrowing costs and enabling high-volume trades.
Historically, large stablecoin minting events have correlated with spikes in trading volumes and rallies in major cryptocurrencies like BTC and ETH, as institutions use USDC to on-ramp capital, hedge volatility, or facilitate cross-border settlements. Traders should monitor the flow of newly minted USDC between DeFi platforms and exchange wallets: inflows into DeFi may spur lending and yield farming, while transfers to exchanges often precede price shifts. Future minting trends will serve as key indicators of capital flows and market sentiment.
Hood County, Texas residents voted down a proposal to incorporate the City of Mitchell Bend and impose noise limits on Marathon Digital (MARA) after 62.3% of 138 ballots opposed it. Locals have complained about constant Bitcoin mining noise from 60,000 ASIC miners cooled by industrial fans, noting sleep disruptions and health concerns. Despite mitigation steps—such as a 2,000-foot sound wall and immersion cooling that cut 67% of fan noise—independent tests still recorded 35–53 dB indoors and near-site levels up to 60 dB. Under Texas law, counties cannot set noise regulations, drawing mining operations with land and tax incentives. MARA’s attempt to block the vote via federal injunction failed, and a private nuisance suit against Marathon Digital remains pending. Traders should monitor evolving state‐level noise policies, as future regulations could affect mining operations, energy use and broader market dynamics.
EU regulators plan a simplification package to delay parts of the EU AI Act amid pressure from the US government and major tech firms. The proposal grants generative AI providers a one-year compliance grace period, pushes back penalties for transparency violations under the EU AI Act until August 2027, and postpones enforcement of high-risk AI system rules scheduled for August 2026. Final approval by member states is required. Crypto traders should monitor these shifts in AI regulation and compliance timelines, as any changes to the EU AI Act could sway tech stocks and AI-linked cryptocurrencies.
Neutral
EU AI ActAI regulationGenerative AIRegulatory delayCrypto impact
Elixir has suspended its deUSD stablecoin following the deUSD collapse triggered by Stream Finance’s $93 million loss, which drove its price down 97% to $0.015. The deUSD collapse prompted Elixir to process 80% of redemptions before pausing minting and withdrawals to shield holders. Stream Finance halted withdrawals following an external asset wipe, leaving the platform with $285 million in debt and its xUSD stablecoin plummeting to $0.10. Stream still owes Elixir approximately $68 million and holds 90% of the remaining deUSD supply. Elixir will snapshot undeclared deUSD and sdeUSD balances, launch a redemption portal, and collaborate with DeFi lenders Euler, Morpho, and Compound to liquidate positions and ensure a 1:1 swap to USDC. This deUSD collapse underscores the systemic risk of interconnected DeFi protocols and raises fresh concerns over stablecoin resilience. Ahead of potential contagion, Circle has called on the US Treasury under the GENIUS Act for uniform regulation, while Coinbase and other stakeholders push for robust oversight and fully backed stablecoins.
Zcash (ZEC) surged past $629 on November 11, pushing its market cap over $10 billion as demand for privacy coins rebounds. Powered by zk-SNARKs technology, ZEC lets traders switch between transparent and shielded addresses, fueling a 40-fold rally in 15 months. With about 30% of its supply shielded, Zcash leads privacy coins ahead of Monero (XMR) and Litecoin (LTC). Institutional interest from firms like a16z underscores growing support for shielded transactions. Ongoing protocol upgrades—NU5, Halo 2, and a planned PoS Crosslink—aim to boost scalability and energy efficiency. Traders should monitor shielded-transaction adoption, on-chain privacy metrics, and potential AML/KYC regulation risks.
Sonami has extended its $SNMI presale after raising over $2 million at $0.0019 per token. The project launches its first token on a Solana Layer 2 network, bundling transactions to reduce Mainnet congestion, lower fees and boost security. By offloading trades, Sonami ensures high speed and scalable performance for high-frequency dapps such as gaming, microtransactions and meme coins.
The Sonami roadmap outlines three phases: presale distribution, bridging $SNMI to the Solana Layer 2 solution and listings on decentralized and centralized exchanges, followed by expanded token utility. Out of 82.999 billion $SNMI, 15% is allocated to marketing, 20% to the treasury, 25% for staking rewards, 30% for development and 10% for liquidity and exchange listings.
Backed by experienced Solana developers and fintech experts, Sonami aims to solve network congestion at the protocol level. Traders should watch for the token bridging and listing phase, as new exchange listings typically drive liquidity influx and price volatility.
Japan’s Financial Services Agency has approved a pilot under its Payment Innovation Program for a 1:1 yen stablecoin issued by MUFG, SMBC and Mizuho. The proof-of-concept will run for several months. It uses MUFG’s Progmat multi-chain platform, supporting Ethereum, Polygon, Avalanche and Cosmos. Collateral is backed 1:1 by bank deposits or Japanese government bonds. Initial trials focus on corporate payments across Mitsubishi Corporation’s 240+ subsidiaries and 300,000 corporate clients, aiming to cut settlement times, FX and administrative costs. If successful, the FSA plans to extend the yen stablecoin to cross-border use cases and explore a US dollar stablecoin. The initiative combines fiat stability with blockchain transparency within a clear regulatory sandbox. Traders should monitor pilot results and regulatory updates for potential impacts on digital payment adoption and stablecoin market frameworks.
Neutral
Yen StablecoinPayment Innovation ProgramMulti-Chain PlatformCorporate PaymentsRegulatory Sandbox
Samson Mow, founder of Jan3, maintains that the Bitcoin bull run has yet to begin despite recent dips below $100,000. He argues current prices only marginally outpace inflation and point to ongoing accumulation, as Jan3’s inverted Fear & Greed Index shows “extreme greed.” Challenging slow, multi-year cycle models, Mow forecasts a “short and violent upheaval” that could drive Bitcoin to $1 million within weeks or months, marking the true start of the next Bitcoin bull run. While some traders question his aggressive timeline and dismiss the notion of long-term holders selling near $100,000, he urges monitoring key support at $100,000 and macro indicators—including geopolitical tensions and publicly listed crypto treasuries—to gauge market sentiment. This outlook underscores a heated debate over Bitcoin’s trajectory, prompting traders to assess risk appetite and stay alert for potential rapid rallies.
Tether’s Hadron, KraneShares and Bitfinex Securities have teamed up to build a tokenized securities infrastructure. Hadron by Tether will deliver scalable on-chain technology to validate security tokens and integrate real-world assets into blockchain networks. Bitfinex Securities will host a regulated secondary trading venue under El Salvador’s CNAD license, while KraneShares provides ETF management expertise and global distribution channels. The partnership targets institutional investors and cross-border trading. Market forecasts anticipate the tokenized securities sector expanding from $30 billion in 2025 to $10 trillion by 2030. Key executives stress that credible secondary markets and clear regulations are vital to unlocking new capital flows and fully tokenizing traditional assets within four years. Traders should monitor tokenized securities listings for new trading opportunities.
USDX, Stable Labs’ algorithmic stablecoin, depegged from $1 to as low as $0.38 on November 6, triggering a DeFi liquidity crisis. Heavy redemptions drained Balancer pools, wiping out BTC and ETH hedges and forcing whale liquidations. Borrowing rates on Lista DAO spiked above 800%, prompting emergency governance proposals. Platforms like PancakeSwap, Euler, and Silo suffered severe slippage. Major exchanges paused USDX operations while traders rotated into USDT and USDC. The incident underscores the fragility of algorithmic stablecoins and highlights the need for transparent and robust collateral management and redemption mechanisms in DeFi.
Blazpay’s presale crypto campaign has accelerated from its initial 67.8% Phase 2 completion—106 million BLAZ sold at $0.0075—to 91.2% of 201.89 million tokens sold in Phase 3 at $0.009375, raising $1.52 million. Phase 4 will open in three days at $0.01175 per token. This AI-driven crypto presale project boasts an AI SDK, multichain interoperability, gamified rewards for 800 K+ users, 3 million+ transactions and $200 K in distributed rewards. Conservative price forecasts target $0.25 post-listing, with bullish scenarios up to $1.00.
The 2025 crypto outlook highlights Bitcoin (BTC) as digital gold amid Layer-2 scalability and ETF adoption, targeting $107 000–$120 000. Ethereum (ETH) leads smart contracts with AI-assisted frameworks ($3 600–$5 000). Binance Coin (BNB) leverages exchange utilities and AI compliance tools ($940–$1 050), while Solana (SOL) delivers high-speed, AI-ready dApps ($160–$195). XRP, Sui (SUI), Polkadot (DOT), Cardano (ADA), Avalanche (AVAX) and TRON (TRX) also gain momentum as traders seek asymmetric returns from AI crypto presales.
Traders monitoring presale crypto should note Blazpay’s growing investor confidence and strong network metrics, positioning it as a potential breakout token in 2025.
Bullish
Blazpaypresale cryptoAI DeFimultichain interoperability2025 crypto outlook
Shiba Inu has raised its final Shibarium bridge hacker bounty to 25 ETH. This follows earlier on-chain offers of 5 ETH and 20 ETH, which the exploiter rejected after demanding 50 ETH. The trustless smart-contract bounty requires the attacker to return frozen KNINE tokens within 28 days to claim funds. All stolen KNINE tokens are blacklisted, making them worthless without compliance.
Meanwhile, Shiba Inu developers, led by Shytoshi Kusama and core contributors including Kaal Dhairya and the K9 Finance DAO, have paused Shibarium bridge operations. The team disabled a legacy RPC endpoint and deployed anti-hack protocols. A dedicated “war room” is coordinating asset recovery and monitoring for potential token reintroduction.
Traders should watch for updates on asset recovery and additional security upgrades. The 25 ETH bounty represents the final negotiation offer, with no further talks planned.
Between November 1 and 6, 2025, Whale Alert reported two major Bitcoin whale transfers from Coinbase: 6,326 BTC (≈$697 million) on November 1 and 4,199 BTC (≈$426 million) on November 6, both to unknown private wallets. These Bitcoin whale transfers indicate institutional accumulation and long-term holding, likely for cold storage or OTC trades. By shifting over 10,500 BTC off-exchange, institutions reduce available supply and reinforce market confidence. Traders should use on-chain analytics to track similar whale activity but avoid impulsive trades based on a single transfer. The surge in large-scale BTC movements reflects evolving whale strategies, offering insights into market sentiment and potential upward price pressure.
HBAR price slipped after failing to clear the $0.1700 resistance, dropping to $0.1675 and breaking below the $0.1650 support on a 68% volume surge. In the latest session, HBAR tested $0.1688 on a 32% volume spike to 63.6 million tokens, triggering a sharp rebound and confirming a double-bottom pattern with higher lows. Traders now target a breakout above near-term resistance at $0.1720–$0.1730, with stop-loss orders below $0.1682. Sustained buying pressure and volume will be crucial to validate the upside momentum and reverse the downtrend.
Tether’s Hadron platform has partnered with KraneShares and Bitfinex Securities to introduce tokenized ETFs and real-world assets onchain. Bitfinex Securities will offer a licensed trading venue under El Salvador’s regulatory framework, while KraneShares plans to transition fully to tokenized offerings within three to four years. Onchain data shows tokenized assets exceed $35 billion, with tokenized securities at $30 billion and projected to reach $10 trillion by 2030. The tokenized ETFs aim to test institutional appetite, boost secondary trading liquidity, and enable near-instant settlement with reduced intermediaries. By connecting traditional investment products with next-generation blockchain infrastructure, the collaboration seeks broader distribution in emerging markets and stronger digital asset trading infrastructure.
Franklin Templeton has launched HK’s first tokenized money market fund on its Benji Technology blockchain platform. The Luxembourg-registered fund invests in short-term U.S. government securities and offers faster settlement, improved transparency and lower fees compared with traditional funds. Initially open to institutions and professional investors with at least HK$8 million in assets, it leverages tokenization under the HKMA’s Fintech 2030 roadmap and Project Ensemble. HSBC and OSL provide SFC-licensed custody and trading infrastructure. A retail version is planned to broaden access. The move follows Franklin Templeton’s earlier tokenization projects with DBS and Ripple Labs on the XRP Ledger, including the sgBENJI fund and RLUSD stablecoin.
Galaxy Digital has lowered its Bitcoin year-end price target for 2025 from $185,000 to $120,000. The firm cites a maturing market with institutional investors absorbing supply through passive ETF flows. Key triggers include the October 10 flash crash, which led to $20 billion in liquidations after a 400,000 BTC whale sell-off, and five straight days of outflows from U.S. Bitcoin and Ethereum spot ETFs totaling over $1 billion. On-chain data show declining spot demand. Competition from gold, AI infrastructure stocks, and stablecoin narratives has also diverted capital from Bitcoin.
Despite an 18% correction from October’s all-time high of $126,080 and bearish forecasts as low as $72,000, Galaxy maintains Bitcoin’s market structure remains intact. Traders should expect short-term price pressure but may see a recovery later in the year if ETF inflows and institutional demand persist.
Tron founder Justin Sun has moved 45,000 ETH (≈$154.5M) from AAVE to Lido, staking it as stETH. On-chain data from Arkham Intelligence and Nansen show his public wallet holds $2.57B in crypto: 2.4B TRX ($702.2M), $483.7M in stETH, $400M USDT and various AAVE and WLFI tokens. This ETH staking action, part of an internal wallet restructure, briefly pushed his ETH holdings to $534M, surpassing his $519M TRX balance. Traders interpret this shift from lending to staking as a long-term bullish signal for Ethereum, especially after ETH fell from $4,100 to $3,400. The move follows his July transfer of 50,600 ETH to Binance during a whale accumulation phase. ETH staking reduces circulating supply and highlights confidence in Ethereum’s network security and yield prospects.
Forward Industries has approved a $1 billion Solana buyback program, valid through September 30, 2027, to boost shareholder value and affirm confidence in the Solana ecosystem. The board approved the plan on November 3, and the company also filed an SEC prospectus supplement to register PIPE share resales from its September 2025 private placement. The move follows a 24% unrealized loss on its 6.8 million SOL holdings—acquired at an average of $232 and now valued at $1.2 billion, resulting in a $382 million paper loss. Shares plunged nearly 20% in one session, pushing market cap down to $900 million—below the net asset value of its Solana treasury. Chairman Kyle Samani said the buyback underscores long-term value creation while expanding Solana initiatives, including a new validator node. Analysts warn that crypto treasury models may face valuation pressure, potentially triggering a “death spiral.” Traders should watch Solana buyback activity, market-to-NAV spreads, and share price action for signs of broader blockchain asset adoption and market stability.
SACHI, a Web3 social casino built on Unreal Engine 5, will host its token generation event (TGE) on Solana on November 18, 2025 to launch the $SACHI token. The SACHI token powers governance, access tiers, and community rewards within a three-tier economy alongside Coins and Gems. Pixel streaming delivers AAA-quality cloud games instantly across devices with no downloads or wallets. Solana’s low fees, high throughput, and gaming ecosystem enable seamless in-game transactions and frictionless play. Post-TGE, SACHI will add new game modes, seasonal challenges, and collaborations to drive user engagement and long-term growth. Traders should monitor $SACHI token liquidity, SOL liquidity, and market response ahead of the launch.
Privacy coins have surged nearly 80%, lifting the total market cap to $24 billion. Dash (DASH) jumped 68% to $136, Zcash (ZEC) climbed 22% to around $470, and Decred (DCR) rose 79%. On-chain data shows large addresses accumulating, reinforcing a “safe-haven” narrative amid tightening AML and Travel Rule enforcement. Zcash’s optional privacy via zk-SNARKs, Halo, and its new Zashi wallet on Solana offer compliance flexibility, attracting institutional inflows, with Grayscale’s Zcash Trust assets topping $137 million. Elevated derivatives positioning and hype around ZEC’s November halving have further fueled the rally. However, global AML regulations and regional delistings in the EU, Japan and South Korea pose execution risks and could limit liquidity. Traders can gain exposure through OTC trades of Grayscale Zcash Trust in the US or ETP listings in Europe. Investors should assess exchange liquidity, regulatory restrictions, and use stop-loss orders to manage volatility. The privacy coins rally highlights growing demand for transaction anonymity but underscores the importance of balancing potential gains with evolving compliance challenges.
On November 10, the Bank of England will publish a consultation paper outlining its stablecoin regulation, aiming to align the UK’s framework with the US GENIUS Act timeline. Deputy Governor Sarah Breeden announced detailed rules for digital payment tokens, issuer requirements, operational standards, and risk controls. This response follows coordinated efforts between UK and US regulators and finance ministries after Chancellor Rachel Reeves met US Treasury Secretary Scott Bessent.
The new framework addresses concerns of regulatory lag and seeks to foster innovation while ensuring market stability. Parallel developments include Canada’s 2025 budget proposal for a national stablecoin regime with full reserves and robust controls. Growing corporate demand is evident as Western Union, SWIFT, MoneyGram, and Zelle integrate stablecoin solutions. The US Treasury projects the $310 billion stablecoin market could reach $2 trillion by 2028, underscoring the need for clear, harmonized regulation to support future market growth.
Bullish
stablecoinregulationBank of EnglandUS-UK cooperationdigital payments