Coinbase has announced its relocation from Delaware to Texas, citing the state’s favorable crypto regulation, lower taxes, and an aligned stance on economic freedom. CEO Brian Armstrong stated the move advances Coinbase’s mission to expand crypto adoption under clearer regulatory frameworks and pro-business policies. By redomiciling in Texas, Coinbase anticipates reduced corporate expenses, streamlined operations, and enhanced advocacy for digital asset innovation. Texas has emerged as a crypto-friendly hub with recent policy initiatives and economic incentives tailored for blockchain firms. This relocation mirrors broader tech sector trends favoring states with supportive regulatory environments. Although Delaware is known for corporate benefits, Texas’s clarity in crypto regulation and fiscal advantages make it a compelling base for major exchanges.
RippleX, the blockchain development arm of Ripple, has issued a warning to XRP holders about a surge in sophisticated XRP scams. These scams employ AI-generated deepfake videos and counterfeit livestreams that impersonate company executives, promising large XRP giveaways in exchange for token deposits or personal wallet information. Fraudulent schemes often appear in reply threads to official posts, creating a false sense of legitimacy.
In a notice posted on social media platform X, RippleX emphasized that no employee will ever ask for funds, wallet seed phrases, or private keys. The announcement advised users to verify all promotional activities exclusively through the official @RippleX and @RippleXDev accounts. Keeping your XRP secure and avoiding unsolicited offers were key recommendations to enhance crypto security.
Since Ripple’s recent legal and regulatory wins, scammers have ramped up their tactics. Similar impersonation schemes surfaced in 2020, prompting Ripple to take legal action against YouTube and collaborate on content removal. Experts warn that as AI tools become more accessible, the risk of XRP scams continues to grow.
For XRP investors, vigilance is essential. Always confirm deals via verified channels. Never share wallet credentials. Implementing these fraud prevention steps enhances crypto security and helps protect holdings from sophisticated fraud. By clarifying official communication practices, RippleX aims to reduce losses and maintain trust within the community.
Boston Fed President Susan Collins recently urged holding interest rates steady due to persistent inflation and significant data gaps caused by a government shutdown. This policy pause allows the Federal Reserve to gather more information on inflation, employment trends, consumer spending, and economic growth before adjusting interest rates. Collins highlighted the risks of premature rate changes, including reigniting inflation or unnecessarily slowing growth. Key factors influencing the Fed’s cautious stance are limited inflation tracking, uncertain labor market conditions, and the need to balance price stability with maximum employment. Traders should note that current borrowing costs for loans and credit remain unchanged, but future rate decisions will hinge on incoming economic indicators. Monitoring inflation trajectory and labor market signals will be crucial for anticipating any policy shift.
Neutral
Federal Reserveinterest ratesinflationmonetary policydata uncertainty
On November 13, the Dubai Digital Economy Court issued a global asset freeze order for $456 million linked to TrueUSD issuer Techteryx, which was rescued by Justin Sun’s investment vehicle. The dispute centers on whether TrueUSD reserve funds were improperly diverted to Dubai-based Aria Commodities DMCC, an entity under financier Matthew William Brittain. Between 2021 and 2022, Aria received funds through a Hong Kong First Digital Trust account. Techteryx claims this transfer violated custody agreements, turning liquid reserves into long-term loans and private deals. Aria argues its liquidity constraints stem from maturity commitments and that its ARIA CFF strategy was not designed for stablecoin backing. On October 17, Judge Michael Black KC highlighted “serious issues” warranting a freeze, noting Aria failed to provide clear evidence of fund transfers or asset ownership and citing risks of asset dissipation or restructuring to thwart judgment.
Dromos Labs, the developer behind Aerodrome, is launching Aero, a new central liquidity hub that unites the Aerodrome DEX on Base with its Velodrome protocol on Optimism. The hub will expand to Ethereum mainnet and Circle’s Arc chain, offering seamless integration across the Ethereum-based EVM ecosystem. Scheduled for Q2 2026, Aero consolidates the AERO and VELO tokens into a single AERO token. The initial AERO distribution mirrors current revenue shares: 94.5% to existing AERO holders and 5.5% to VELO holders. No new tokens will be issued, ensuring no dilution. By simplifying liquidity management and unifying token economics, Aero aims to boost trading efficiency and liquidity depth. Traders should watch for increased liquidity flows and potential price support for AERO.
Adrian Barkley outlines why forex trading can outperform crypto trading in 2026. He highlights tight spreads, deep liquidity, and low slippage as compounding advantages for forex. Crypto retains value for right-tail convexity, catalyst-driven moves, and 24/7 access. He proposes a 2026 forex playbook:
1) Carry trades with volatility guardrails.
2) Event-driven execution on CPI and central bank days.
3) Pair selection based on relative divergence across G10 and emerging markets.
4) Use XAUUSD trends as a regime compass.
For crypto, he recommends vol-targeted sizing, staggered entries/exits, and defined-risk options. He stresses cost controls: track after-cost performance and sunset strategies that cost more than they earn. His portfolio framework balances steady FX carry and relative-value core with a lean tactical crypto sleeve. Execution guidelines include setting slippage limits, pre-funding collateral, and auditing after-cost PnL. Key risks are policy shocks, liquidity gaps, and rule changes. This disciplined approach aims to turn small forex edges into repeatable returns while using crypto tactically.
A US Senate vote of 60-40 advanced a bipartisan bill to reopen federal funding, aiming to end the longest government shutdown. The measure, pending a House vote, would allow regulators—especially the SEC—to resume normal operations after ETF review staff were furloughed. This halt stalled dozens of filings, including spot XRP ETFs from Grayscale, Bitwise, 21Shares and CoinShares, whose decision deadlines passed in October. With the shutdown ending, XRP ETF applications could be among the first to move, as the SEC had issued new guidelines to speed approvals. Spot XRP ETFs promise direct XRP exposure via brokerage accounts, likely boosting price and liquidity through renewed institutional demand, similar to earlier Bitcoin and Ethereum ETF launches.
Ethereum DeFi dominance slipped to 67.65% in November, its lowest level since 2021. Competitors like Solana and Binance Smart Chain (BSC) are narrowing the gap. DeFiLlama data shows Solana commands 8.9% of DeFi activity, BSC holds 6.67%, and Bitcoin 6.75%. Ethereum retains a market cap of $420.7 billion and a 24-hour volume of $31.6 billion, but daily usage and developer activity are plateauing. Tron’s share in stablecoin issuance rose to 25.78%, versus Ethereum’s 55.55%. Emerging chains Base and Arbitrum each exceed 1%. Santiment reports Solana leads in daily active addresses and transaction volume. Its development score is 21.5, compared with Ethereum’s 14.3. These shifts point to an ongoing erosion of Ethereum DeFi dominance. Traders may diversify into alternative smart contract platforms.
Ethereum’s DeFi dominance stands at 67.65% of total value locked in 2025, yet rival chains are chipping away at its lead. Solana, with 8.9% market share, now surpasses Ethereum in daily active addresses and transaction volumes thanks to lower fees and faster processing. Tron has captured 25.78% of stablecoin issuance, compared with Ethereum’s 55.55%, while BNB Chain and Bitcoin hold 6.67% and 6.75% respectively. Developer activity metrics from Santiment show Solana outpacing Ethereum (21.5 vs. 14.3), and reports from CoinGecko highlight that high gas fees remain a barrier for ETH. Despite a recent 2.5% daily dip, ETH gained 5.6% on the week, but sustained pressure from Solana and Tron may weigh on its price. Traders should watch on-chain metrics, layer-2 adoption and cross-chain flows as the DeFi ecosystem evolves.
Canary Capital’s XRP ETF, ticker XRPC, secured Nasdaq listing certification at 5:30 p.m. ET on Nov. 12, 2025, per report by Eleanor Terrett. With approval effective immediately, XRPC is slated to begin trading at the market open on Nov. 13. The fund provides investors a regulated, spot-based exposure to XRP via Nasdaq. Traders should watch XRPC’s early trading volumes for signals on institutional demand and potential spot price movements in XRP.
The Irish media regulator Coimisiún na Meán has launched a formal DSA investigation into social media platform X, examining potential violations of EU content moderation rules and user appeal rights. The probe assesses X’s transparency in automated content decisions and the effectiveness of its internal complaint-handling systems. Regulators are concerned that inadequate redress mechanisms limit users’ ability to challenge removals. Under the DSA, confirmed breaches could result in fines up to 6% of X’s annual global turnover — over $300 million based on estimated 2024 revenues of $5 billion. This marks Ireland’s first major enforcement action against a very large online platform, drawing on complaints from nonprofit HateAid and EU data showing 70% of DSA complaints relate to moderation transparency. X may need to overhaul its moderation policies, transparency disclosures, and appeal processes. The probe highlights increasing EU regulation of social media governance and its impact on platform accountability.
Neutral
DSAcontent moderationX platformEU regulationuser rights
XRP rose 1.8% to $2.42, defending its $2.38 support and maintaining position above the 4-hour moving averages and ascending trendline. Key resistance levels to watch are $2.59 and $2.70. The rebound follows $107 million of outflows from Ethereum ETFs, which has spurred an altcoin rotation as traders seek opportunities beyond ETH. XRP’s technical setup suggests potential continuation of the recovery, even as broader market sentiment feels the impact of Ethereum outflows.
Bullish
XRPEthereum ETF OutflowsAltcoin RotationSupport and ResistanceCrypto Trading
Hedera Asset Tokenization Studio has integrated the ERC-3643 token standard to support modular and globally compliant digital assets. The update complements the existing U.S.-focused ERC-1400 framework, giving issuers the flexibility to select the appropriate standard. With ERC-3643, institutions can embed on-chain identity, configure compliance parameters, and adapt metadata fields to meet jurisdictional requirements. The Hedera Asset Tokenization Studio is open-source and enables regulated entities to launch equity, bond, and alternative assets on-chain. Dr. Sabrina Tachdjiann of the Hedera Foundation highlights that dual-standard support reflects a move toward borderless, standards-based tokenization. Traders should watch for increased institutional activity and broadened asset issuance on Hedera, which may boost liquidity and network usage.
Ethereum Fusaka upgrade, scheduled for early December 2024, merges Dencun-based Fulu and Osaka enhancements and introduces PeerDAS distributed blob storage to expand blob capacity by over 400% and reduce node storage needs by up to 87.5%. Confirmed by Bitmine on November 12 after successful Holesky, Sepolia and Hoodi testnet trials, it lowers Layer-2 transaction fees for rollups like Arbitrum and Optimism, enables near-zero cost transactions and up to 2.4 million daily settlements. Supported by core developers including Vitalik Buterin, the upgrade aims to boost rollup scalability, maintain decentralization and deliver faster confirmations. Crypto traders should monitor post-upgrade ETH network usage, Layer-2 fee trends and potential volatility to position for bullish momentum.
Apeing presale introduces a structured, audit-first meme coin launch with an email whitelist for early entry. The project enforces security and transparency through third-party audits and official channels. Meanwhile, on-chain data reveals over 3 billion DOGE (approx. $520 million) sold by whales in 30 days, applying bearish pressure despite Elon Musk’s ongoing support. In contrast, Shiba Inu (SHIB) charts show a breakout from accumulation, with analysts projecting a potential 200% rally to $0.000032 and even up to 700% gains if momentum holds. Apeing presale aims to give degens clear rails and scam protection. Dogecoin’s whale sell-off signals late-cycle risk in established memes, while SHIB’s technical setup offers traders high-beta opportunities. Crypto traders should weigh the structured Apeing presale entry, monitor DOGE distribution trends, and consider SHIB’s leverage-driven volatility. Overall, the mixed signals suggest a neutral outlook as markets balance new presale excitement, whale selling, and meme coin momentum.
Analysts at QCP Capital caution that the recent crypto rebound may be short-lived amid persistent macroeconomic risks. The recovery, driven by the U.S. Senate’s approval of legislation to end the government shutdown, sparked gains across crypto, gold and equities. However, QCP highlights lingering threats: ongoing policy “kick-the-can” tactics, U.S.-China tariff tensions and credit market volatility.
Bitcoin is trading around $102,600, down nearly 1% in 24 hours and over 10.5% in the past month. CryptoQuant data shows Bitcoin’s growth rate fell from 16.75% on October 1 to 6.60% by November 10. Bitget chief analyst Ryan Lee attributes recent dips to risk-off sentiment, cooling AI trades and profit-taking.
QCP notes that private economic indicators, such as the NFIB Small Business Index, continue to inform Fed policy-making despite the shutdown. Upcoming inflation data could set the market tone for the remainder of 2025. A potential Fed rate cut and a weaker dollar may bolster liquidity and risk appetite, helping Bitcoin close the fourth quarter on a positive note. Meanwhile, SynFutures CEO Rachel Lin warns of heightened intraday volatility amid institutional accumulation and headline-driven shocks.
Neutral
Crypto ReboundMacroeconomic RisksQCP CapitalBitcoinUS Government Shutdown
Toyota battery plant in Liberty, North Carolina, has begun production. The $13.9 billion facility is Toyota’s first in-house battery plant outside Japan. It will supply cells for hybrid vehicles and electric vehicles. This onshore battery production aligns with U.S. efforts to boost domestic manufacturing. The plant creates over 5,100 jobs in Randolph County. Toyota commands more than 51% of the U.S. hybrid market. Sales are up 9.9% year-to-date, totaling 1.3 million vehicles through Q3. Toyota also pledged an additional $10 billion to U.S. operations over five years. The Toyota battery plant strengthens domestic supply chains and supports federal clean energy and economic growth.
Ethena’s TVL surged to an all-time high of $13.88 billion with a one-day inflow of $151 million and a 7.2% APY, boosting on-chain activity to 32,000 participants and higher transaction volumes. However, heavy selling—$5.4 million into centralized exchanges and a negative funding rate—drove the ENA price down 3.3% daily.
Between October 11 and November 12, Ethena recorded $5.72 billion in net outflows, cutting TVL to $8.58 billion and slashing ENA’s price by 10%. On-chain metrics weakened: transactions fell to 24,500 and daily protocol revenue plunged from $109,462 in Q3 to $1,817. A $4.56 million token unlock on November 8 and a daily S3 airdrop of $149,858 added selling pressure. Net USD inflows turned negative $46 million with $569,000 in spot outflows from exchanges. CEO Maria Carola warns that inflation and Fed policy uncertainty may keep high-beta assets under pressure. Traders should watch exchange flows, funding rates, token unlocks, and airdrop distributions for signs of recovery or further decline.
Amid XRP’s price hovering near $2, XRP holders are increasingly depositing funds into LeanHash, a cloud computing protocol that distributes daily yields from blockchain clearing traffic. Official data shows premium users can earn over 8,700 XRP daily without hardware maintenance. LeanHash’s model positions XRP as a value-capturing layer in the Ripple ecosystem, beyond its role as a payment medium. With global computing centers in 70+ regions, 100% renewable energy, bank-grade security, and UK compliance, LeanHash offers stable contracts and transparent fees. Sample returns range from a 7% gain over two days on a $100 contract to a 115% return over 45 days on a $12,000 investment. As institutional liquidity flows in and XRP ETFs approach, LeanHash could emerge as a key on-chain yield engine in blockchain finance.
Diaman Partners’ latest analysis shows Bitcoin’s historical four-year halving cycle has weakened. By applying the Diaman Ratio, researchers found no bubble-phase growth (ratio >1) in the 2021–2024 cycle, aside from a brief spike around US spot ETF approvals. Annual volatility has plunged from over 140% in Bitcoin’s early years to around 50% today. Correspondingly, one-year rolling returns have declined and flattened over the past three years, and four-year average returns trend downward as market cap expands. Despite lower peaks and smoother returns, Bitcoin’s network still generated record wealth per cycle. The approval and rapid growth of US spot Bitcoin ETFs—led by BlackRock’s IBIT hitting $100 billion in assets under management in under three years—has reshaped Bitcoin’s risk-return profile. Future cycles may forgo dramatic crypto winters and exponential rallies in favor of more stable price swings.
IBM announced two new quantum computing processors, Nighthawk and Loon, at its annual Quantum Developer Conference in New York. Nighthawk offers 30% more complex circuits with low error rates, while Loon integrates core hardware for fault-tolerant quantum computing. IBM has accelerated its error-correction system tenfold and now targets quantum advantage by 2026 and fully fault-tolerant systems by 2029. Production doubled after moving to a 300 mm wafer facility. In the cryptocurrency market, these advances heighten concerns over quantum computing breaking Bitcoin’s proof-of-work encryption. Experts recommend migrating to post-quantum encryption and using SegWit-compatible addresses to defend against “harvest now, decrypt later” attacks. Traders should monitor IBM’s quantum computing progress and emerging quantum-resistant solutions for potential impacts on market security and dynamics.
The US government shutdown has halted operations at the Bureau of Labor Statistics and other agencies. This interruption prevents the release of October’s jobs data and inflation data (CPI). White House officials warn these critical statistics may never be published, creating a significant data gap. Cryptocurrency traders depend on macroeconomic indicators like employment and inflation to inform positions in Bitcoin (BTC) and Ethereum (ETH). The shutdown-induced data void has increased market uncertainty and volatility. Goldman Sachs adjusted its growth forecasts despite estimates of a 1.5% drag on Q4 GDP from missing data. Private surveys attempt to fill the gap but lack the credibility of official figures. The absence of October jobs data and CPI may trigger 5-10% short-term swings in crypto markets. Traders should monitor Federal Reserve signals and employ risk management strategies, including stablecoin allocations and position sizing. As the US government shutdown persists, reliance on alternative indicators will grow. Navigating this data-scarce environment requires disciplined trading and a focus on liquidity and market structure.
Bearish
US government shutdowneconomic datacrypto volatilityBitcoinEthereum
IBM aims to achieve quantum advantage by 2026 and develop fault-tolerant quantum computing systems by 2029. The company’s Nighthawk and Loon processors enable more complex circuits and real-time error correction, while a New York facility has doubled chip production. These quantum computing breakthroughs raise concerns over Bitcoin security, as future machines could break elliptic curve cryptography. Experts like Amit Mehra and Charles Edwards warn of quantum attacks and call for quantum-resistant protocols to reinforce Bitcoin security. Onchain analyst Willy Woo advises moving funds to SegWit addresses as a temporary safeguard. Other blockchains, including Ethereum, face parallel risks. Traders should track post-quantum cryptography developments to secure digital assets.
Canary Capital is set to launch the first spot XRP ETF this week, following its Form 8-A filing with the US SEC and removal of a delaying amendment. The XRP ETF could debut as early as Thursday, according to Bloomberg’s Eric Balchunas. Shiba Inu has partnered with Unity to integrate SHIB into telecom infrastructure verification, tapping into a $2 trillion global market. SHIB holders will be able to purchase Unity nodes and licenses via a dedicated SHIB payment gateway, boosting real-world utility. Meanwhile, Binance founder Changpeng Zhao issued a scam alert on social media, warning of an AI-generated fake autobiography titled “Beyond Borders” circulating on Apple Books and other platforms. CZ confirmed the book is fraudulent and urged caution against AI-based crypto scams.
Stripe’s subsidiary Bridge has partnered with the Sui Foundation to launch USDsui, a native stablecoin on the Sui blockchain. The stablecoin will be issued via Open Issuance and is GENIUS-compatible, aiming to enhance network liquidity. Supported wallets, DeFi protocols, and applications on Sui will integrate USDsui.
U.S. Treasury Secretary Bessent forecasts that the stablecoin market could reach $3 trillion by 2030. Adeniyi Abiodun of Mysten Labs stated that USDsui connects Sui assets to global trade, fintech, and traditional finance. Drawing parallels to Ripple’s RLUSD, USDsui seeks to accelerate institutional collaboration and drive on-chain economic activity. Traders can expect improved liquidity and broader adoption as Sui expands its stablecoin ecosystem.
XRP volatility remains high as long as the token is traded alongside debt-based speculative assets like Bitcoin. Versan Aljarrah, founder of Black Swan Capitalist, argues that XRP’s price swings mirror bitcoin-style flows because traders treat it as part of a “debt-based speculative complex.” To break this correlation, XRP must be valued for its real-world utility in cross-border settlement and liquidity. Institutional use cases—such as tokenized debt, large-scale settlement corridors, and enterprise-grade custody—are essential to shift demand from trading to transaction needs. Regulatory clarity and mature settlement infrastructure are also critical. Until XRP becomes a connective bridge for institutional capital, speculators will drive its price, keeping volatility entrenched. Long term, if XRP achieves widespread adoption as a settlement asset, its correlation with Bitcoin could fade, ushering in a stable phase driven by transaction demand rather than market sentiment.
Wall Street’s major indexes closed mixed on Wednesday as the Dow Jones Industrial Average climbed 0.7% to a record close, driven by gains in blue-chip financials and growing optimism over a potential resolution to the looming government shutdown. In contrast, the tech-heavy Nasdaq Composite fell amid struggles in large technology stocks, raising concerns that high valuations fueled by AI hype may be in bubble territory. The government shutdown has generated uncertainty: while weighing on growth-oriented tech names, it has also boosted demand for established industrial and financial companies perceived as safer bets. Traders will watch for shifts in risk sentiment as lawmakers near a deal to avert a shutdown, which could influence broader market momentum.
Blockchain technology empowered Shayne Coplan to launch Polymarket, a global decentralized prediction market, entirely on his own. Starting with no funding or staff, he built the platform from his bedroom.
This blockchain technology offers permissionless access, eliminating licensing and regulatory barriers. It reduces costs by cutting out intermediaries and makes applications globally accessible. Public verification ensures transparent operations and trust.
Unlike traditional fintech startups, Coplan bypassed capital requirements and complex compliance. Entrepreneurs can now experiment rapidly, leveraging existing blockchain networks. They can focus on solving real problems and targeting international users from day one.
Polymarket’s success highlights how blockchain technology levels the playing field for innovators. As more developers adopt decentralized applications, we can expect accelerated financial innovation and expanded decentralized finance services worldwide.
LunarCrush data shows a sharp rise in XRP social metrics as investors discuss a potential U.S. spot XRP ETF following Canary Capital’s SEC Form 8-A filing for Nasdaq listing. Mentions and engagements on social channels spiked, while XRP’s AltRank improved from mid-October lows, indicating concentrated ETF-related buzz.
CoinMarketCap places XRP near $2.35 with multi-billion-dollar daily turnover. Traders are closely monitoring the ETF pathway: the Form 8-A registration is a key step before a national exchange listing. Should the ETF launch proceed, post-listing trading volume and price action will determine if the social momentum translates into sustained market moves.
Broader macro and regulatory factors also shape liquidity flows. XRP’s trajectory will depend on verifiable ETF milestones, prevailing market depth, and sustained trader interest.