Crypto News

SEC Chair Paul Atkins unveiled a dynamic token taxonomy that classifies digital tokens by function and maturity. It acknowledges tokens may evolve from investment contracts to commodities as networks decentralize. The token taxonomy also reduces legal uncertainty around new crypto offerings. Paired with the GENIUS Act for stablecoin compliance and the CLARITY Act assigning CFTC oversight of decentralized assets, the framework aims to streamline US crypto regulation. Venture capitalists and exchanges forecast faster token listings and clearer compliance paths. Consumer advocates warn relaxed rules could enable disguised shell projects and heighten retail risks. Traders should prepare for faster listings, increased institutional participation, and potential reporting requirements under the new taxonomy.

Wrapped Bitcoin (WBTC) on Hedera has officially launched via BitGo custody and cross-chain bridges from BiT Global and LayerZero, tokenizing BTC 1:1 to unlock DeFi services. Traders can wrap BTC through trusted bridges and use Hedera’s high-speed (10,000 TPS), low-fee (<$0.01), carbon-negative network with aBFT MEV-resistant consensus to lend, stake, trade, and provide liquidity on AMMs. Since Hedera’s TVL rose over 200% last year, WBTC on Hedera adds liquidity, attracts institutions, and extends Bitcoin’s utility into the “BTCFi” ecosystem. Market watchers expect increased WBTC demand, DeFi activity, and HBAR usage to drive bullish momentum in both the short and long term.

In mid-November, Bitcoin price surged past $100,000 and climbed to $107,000, driven by strong institutional adoption and inflows into Bitcoin ETFs. Limited supply against growing demand, supportive regulation, and use as an inflation hedge have underpinned this rally. Trading volume on Binance’s USDT markets spiked, while order-book data shows solid buy support near $107,000. Technical analysis indicates that previous resistance levels have turned into support, although market volatility remains high. Traders are advised to manage risk with balanced portfolios, consider dollar-cost averaging, and maintain robust wallet security. Historical patterns point to possible consolidation or corrective phases before the bullish trend continues.

Upexi has secured board approval for a $50 million stock buyback to repurchase outstanding shares. The flexible programme aims to bolster shareholder value and align market price with adjusted net asset value. The stock buyback underscores confidence in the company’s strategy and balance sheet. In its latest quarter, Upexi reported revenue of $9.2 million, up from $4.4 million year-on-year. Net profit rose to $66.7 million after a prior-year loss. Since April, Upexi has also accrued over 2.1 million SOL, strengthening its treasury and adjusted NAV. This move mirrors a wider trend of crypto finance firms using buybacks to stabilise valuations.

Asset manager 21Shares has launched two new crypto ETFs registered under the U.S. Investment Company Act of 1940. The FTSE Crypto 10 Index ETF (TTOP) tracks a market-cap weighted index of the top 10 cryptocurrencies—including BTC, ETH, SOL and DOGE—at a 0.50% fee. The FTSE Crypto 10 ex-BTC Index ETF (TXBC) excludes Bitcoin to focus on smart-contract and application tokens and carries a 0.65% fee. Developed with FTSE Russell, structured with Teucrium and distributed via FalconX, both funds rebalance quarterly. These regulated crypto ETFs offer single-ticker exposure without wallet management or private keys, delivering diversified, cost-efficient access to digital assets for institutional and retail investors.

BNY Mellon has launched the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), a specialised stablecoin money market fund for issuers like Tether (USDT) and Circle (USDC). The fund invests in high-quality cash equivalents and short-term collateralised debt to meet reserve requirements. It offers institutional-grade liquidity, enhanced reserve transparency and regulatory oversight. BNY Mellon aims to streamline stablecoin reserve management, optimise yields and boost market confidence through this new stablecoin reserves fund.

Scammers are exploiting Australia’s ReportCyber portal to launch a sophisticated crypto scam. They file fake cybercrime reports and call victims, posing as AFP officers investigating a crypto breach. Using stolen data and spoofed numbers, they provide bogus case references and direct victims to official sites for credibility. In some incidents, a second caller mimics a crypto exchange or security firm, urging transfers to a ‘secure wallet’. The AFP warns real officers never request seed phrases, wallet access, or crypto transfers. Victims should hang up, verify case numbers via 1300 CYBER1, and report suspicious activity to ReportCyber. This crypto scam underscores evolving security risks for traders. Meanwhile, Australia tightens AML rules for crypto ATMs and ASIC has shut over 14,000 scam sites since mid-2023. Traders must maintain due diligence to stay ahead of threats.

Phemex today completed its comprehensive rebrand, unveiling a user-first crypto exchange under the tagline “For You. For Tomorrow.” The refreshed brand identity reflects an updated vision—Freedom Through Finance—and reaffirms the exchange’s commitment to security, transparency, and inclusive access. Since its 2019 launch, Phemex has expanded beyond derivatives into spot trading, copy trading and wealth management services. Serving over 6 million traders worldwide, the exchange combines institutional-grade reliability with a user-centric mindset. CEO Federico Variola highlighted that the rebrand process was driven by deep research and global user feedback, marking the exchange’s sixth anniversary. The rebrand sets the stage for a global marketing campaign featuring creative storytelling and strategic partnerships. Traders can expect ongoing innovation, enhanced security features and tailored products as Phemex’s brand identity evolves. The Phemex rebrand positions the exchange for its next growth phase, aiming to boost user engagement and reinforce its digital asset ecosystem.

IBM has unveiled two quantum processors, Nighthawk and Loon, at its annual Quantum Developer Conference. The Nighthawk chip supports 30% more circuits while maintaining low error rates. Loon boosts hardware-based error correction, running ten times faster than its predecessor. These advances align with IBM’s roadmap to achieve quantum advantage by 2026 and deploy a fault-tolerant system by 2029. A new 300 mm wafer facility in New York has doubled chip production capacity. Progress in quantum computing now poses a future threat to Bitcoin’s proof-of-work encryption. Traders are advised to monitor developments in quantum computing and consider quantum-resistant cryptography and SegWit migration. Market confidence could be affected long term despite the distant quantum threat.

The Trustless Manifesto, co-authored by Vitalik Buterin and Ethereum Foundation researchers, reaffirms Ethereum decentralization as the protocol’s core goal. It warns that reliance on hosted nodes and centralized relayers undermines permissionlessness and exposes the network to censorship. Citing an AWS outage where the Base chain throughput fell 25% while Arbitrum and Optimism remained stable, the authors propose measuring progress by “trust reduced per transaction” instead of transactions per second. This shift in metric underscores the primacy of Ethereum decentralization over speed. The manifesto arrives amid rising institutional interest in spot ETH ETFs and follows Nethermind’s announcement that the Fusaka upgrade has passed its final test on the Hoodi testnet. Traders should monitor decentralization metrics and upgrade milestones as key indicators for market confidence in ETH.

The Japan Exchange Group (JPX) is stepping up its oversight of listed firms holding major cryptocurrency reserves under digital asset treasury (DAT) models. JPX oversight could extend backdoor listing rules to DAT companies and mandate fresh audits and enhanced disclosures. After receiving warnings that large crypto holdings may hamper fundraising, three public DAT firms have paused Bitcoin acquisitions. Shares of crypto-heavy firms plunged—Metaplanet’s stock dropped about 79% from its mid-June peak, Convano fell 11.5%, and another DAT firm declined 16.2%. Analysts say the tougher JPX oversight forms part of broader cryptocurrency regulation aimed at protecting retail investors from volatility and fundraising risks, potentially reshaping corporate governance and risk management on the Tokyo Stock Exchange.

Anchorage Digital and Mantle have teamed up to deliver institutional-grade MNT custody on Ethereum. Anchorage’s U.S.-regulated bank infrastructure supports the ERC-20 Mantle token, letting institutions securely hold, stake, govern and trade MNT custody without moving assets off-site. The partnership lowers compliance barriers and unlocks deeper capital flows, reinforcing MNT’s role in DeFi and real-world asset (RWA) ecosystems. Mantle advisor Emily Bao calls it a vital bridge between traditional finance and decentralized networks, while Anchorage CEO Nathan McCauley aims to make blockchain innovation “safe to touch.” Traders should note MNT’s current price near $1.31, down 1.4%, may rebound as enhanced MNT custody and compliance features boost liquidity, market depth and institutional participation.

Nasdaq and the SEC have greenlit Canary Capital’s spot XRP ETF (ticker XRPC), marking the first U.S. spot-based XRP ETF. After SEC registration became effective at 5:30 PM ET on Nov. 12, the fund begins trading on Nov. 13. Tracking the XRP-USD CCIXber Reference Rate Index and charging a 0.5% annual fee, the ETF holds actual XRP to provide direct, regulated market exposure via standard brokerages. CEO Steven McClurg anticipates $5 billion in inflows in the first month, underscoring strong institutional demand. Analysts compare this launch to early Bitcoin and Ethereum ETF approvals. With additional XRP products filed by Franklin Templeton and Bitwise, and following the U.S. government shutdown resolution, traders can expect improved XRP liquidity and stability as the crypto ETF integrates into mainstream portfolios.

Coinbase will list Nomina (NOM) against USD for spot trading on November 13 at 09:00 PT, subject to liquidity conditions. The NOM/USD pair will open once liquidity thresholds are met, giving traders direct access to Nomina’s market. Nomina serves as a unified terminal for decentralized perpetual futures DEXs, enabling traders to deploy advanced strategies, optimize liquidity, and manage positions seamlessly. This listing expands Coinbase’s spot trading portfolio and underscores its commitment to DeFi innovation. Experts believe the Nomina spot trading launch could attract institutional investors to the DEX ecosystem, accelerate Coinbase’s DeFi asset expansion, and improve price discovery with tighter spreads and higher market participation.

Canary Capital has filed an SEC registration for a spot ETF tracking MOG Coin, the TikTok-born cat-themed memecoin ranked 339th with a $170 million market cap. The MOG ETF application leverages newly eased SEC guidelines under Chair Paul Atkins, allowing niche crypto ETFs to launch without formal agency approval. If approved, the MOG ETF would offer regulated, convenient exposure to the speculatively-driven token, following Canary’s recent spot ETF launches for LTC and HBAR and its planned spot XRP ETF. After the filing, MOG’s price jumped 5.5% and its market cap briefly rose from $140 million to $169.5 million. On-chain data show 39,000 wallets hold MOG, with the top 100 addresses controlling over 50% of supply, underscoring its high volatility and concentrated ownership. Traders should weigh potential inflows and simplified access against risks such as Ethereum gas fees, limited utility and token volatility before considering MOG ETF exposure.

Bitcoin price surpassed $104,000 on OKX, delivering intraday gains of up to 3.2% as elevated trading volumes and renewed buying pressure drove the rally. This Bitcoin price surge reflects growing investor confidence and increased market liquidity in crypto trading. Sustained support above $100,000 and daily closes above $104,000 could propel Bitcoin toward $105,000 and beyond, though short-term volatility and profit-taking at key resistance may cap near-term gains. The move underscores OKX’s role in facilitating high-volume Bitcoin trading and broader market optimism.

Ripple is investing about $4 billion in acquisitions to build a unified institutional platform on the XRP Ledger. The firm raised $500 million at a $40 billion valuation to fund the push. Key deals include the $1.25 billion purchase of prime broker Hidden Road, the $1 billion acquisition of treasury software provider GTreasury, and the $200 million buyout of stablecoin payments operator Rail. Ripple’s 2023 Metaco acquisition adds bank-grade custody and risk controls. A pilot with Mastercard, WebBank and Gemini tests RLUSD settlement for card and corporate payouts. Ripple’s platform enables on-chain settlements with automatic ERP and treasury reconciliation. The plan hinges on robust compliance, transparent reserves, and possible Fed master account access. By streamlining workflows, Ripple aims to lower costs, speed up settlement and boost institutional crypto adoption.

Canary Capital Group has filed an SEC application to launch the first U.S. Spot MOG ETF, a regulated exchange-traded product tracking MOG Coin by holding actual tokens in custody under CSC Delaware Trust. Modeled on spot BTC and ETH ETFs, the Spot MOG ETF will allow large-block issuances and redemptions via brokerage accounts without futures or derivatives. The filing coincides with Canary’s Nasdaq debut of its Spot XRP ETF with a 0.50% fee, underlining rising institutional demand for altcoin ETFs. New U.S. Treasury rules also permit staking of PoS assets like SOL and ETH within spot crypto ETFs, offering potential yields of 5–7%. Traders should monitor SEC approval timelines, ETF inflows, and trading volumes in both Spot MOG ETF and XRP ETF, as these launches may drive short-term volatility and boost long-term adoption of regulated meme coin products.

Bitcoin price on OKX surged past $102,000 on November 9, reaching a peak of $102,036.30 before briefly topping $102,018.90 and settling with a 0.16% intraday decline. Bitcoin price volatility reflects ongoing profit-taking near key resistance at $102,000. Trading volume remained robust as traders assessed a potential new support level and watched $101,000 for entry points. Market participants are also eyeing upcoming U.S. Fed policy events for catalysts. The mixed price action underscores Bitcoin’s resilience and offers crypto traders both bullish momentum and short-term consolidation signals for trading strategies.

At The Bridge conference in New York, Galaxy Digital’s Head of Tokenization, Thomas Cowan, confirmed that institutional tokenization demand has fully decoupled from Bitcoin volatility. While rising BTC prices once drove banks and asset managers to set up tokenization teams, institutions now independently invest in blockchain solutions for traditional assets. Tokenization assets under management surged over 300% year-on-year in 2025, led by regulated stablecoins and tokenized money market funds. Recent U.S. regulatory easing has clarified compliance for stablecoin issuance and on-chain fund structures, boosting institutional confidence. Major finance firms such as Franklin Templeton are rolling out interoperable tokenization platforms, enabling seamless asset transfers and 24/7 market access. Experts predict tokenization could handle trillions in value in the coming years, thanks to cost savings, faster settlement and round-the-clock liquidity. Cowan emphasizes that tangible benefits – speed, efficiency and lower costs – will secure tokenization’s long-term role in finance. Traders should monitor on-chain volumes of stablecoins and fund tokens as indicators of growing institutional inflows into blockchain markets.

xStocks, launched by Backed and Kraken, has surpassed $10 billion in trading volume just four months after its 2024 debut. The platform offers more than 60 tokenized stocks—including NVIDIA, Amazon, Tesla and Meta—each backed 1:1 by the underlying shares or ETFs. Operating across Ethereum, Solana, BNB Chain and Tron, xStocks recorded nearly $2 billion in on-chain transactions and grew to 45,000 on-chain holders. Assets under management reached $135 million, while on-chain data shows roughly $666 million in tokenized public stocks held by traders. The rapid growth underscores rising demand for blockchain-based equity exposure, fractional ownership and 24/7 trading. Regulatory uncertainty remains, but industry players such as Securitize and Robinhood Markets are also expanding RWA tokenization offerings. xStocks’ performance highlights the potential of tokenized stocks to bridge traditional finance and DeFi.

SEC Chair Paul Atkins has unveiled a new token taxonomy, based on the Supreme Court’s Howey test, to classify digital assets under US law. This token taxonomy aims to reduce regulatory uncertainty for crypto traders. The framework defines four categories: digital commodities (network tokens), digital collectibles, digital tools, and tokenized securities. Only tokenized securities will be treated as securities under SEC regulation. The SEC also plans a package of exemptions to allow crypto projects to issue tokens via investment contracts more flexibly. Concurrent congressional bills—the Senate Agriculture draft and the House CLARITY Act—seek to allocate oversight between the SEC and CFTC. The White House supports a taxonomy-based approach. Ahead of the proposal, Bitcoin traded near $101,600 and Ether around $3,420. Traders should monitor definitions, exemptions, and inter-agency coordination to gauge market impact.

On November 12, 2025, the US Department of Justice launched the Scam Center Strike Force to dismantle Southeast Asia-based crypto romance scams. Partnering with the FBI and Secret Service, the task force targets pig butchering operations. At the same time, the US Treasury’s OFAC sanctioned the Democratic Karen Benevolent Army and related entities for running forced-labour crypto fraud schemes in Myanmar and Thailand. In 2024, Americans lost more than $10 billion to these scams, a 66% increase year-on-year, with romance scams driving most losses via fake investment platforms. To date, the Strike Force has seized over $410 million in illicit cryptocurrency and is pursuing an additional $80 million in forfeiture. Using blockchain intelligence, authorities trace fund flows and map scam networks. Victim alert programs have prevented an estimated $275 million in further losses since early 2024. Crypto platforms should update OFAC sanction screening, strengthen KYC/AML controls and monitor high-risk patterns to mitigate crypto romance scams.

McDonald’s reintroduced the McRib sandwich across US outlets on November 11. Bitcoin climbed above $103,500 ahead of the launch, sparking renewed Bitcoin rally chatter. Traders note that past McRib comebacks in 2017, 2020 and 2021 coincided with major Bitcoin rallies. In 2017, BTC jumped from $6,745 to $19,666. In 2020, it surged from $18,773 to $64,895. In 2021, Bitcoin hit a record high above $69,000. A crypto account on X dubbed this recurring trend the McRib Bitcoin rally. Some analysts link the pattern to end-of-year market optimism and social media hype. They warn that correlation is not causation. Yet the meme underlines how investor sentiment and seasonal factors can shape short-term price swings. While traders may use the McRib comeback as a lighthearted signal for bullish bets, long-term Bitcoin fundamentals remain grounded in adoption rates, regulation and macroeconomic conditions.

Solana tokenizes its HSDT shares on Superstate’s SEC-registered Opening Bell platform to enable 24/7 trading, real-time settlement and direct custody without compromising regulatory protections. Backed by a $500 million PIPE led by Pantera Capital and Summer Capital, this move broadens institutional access and boosts liquidity amid a 64% monthly drop in HSDT value. Solana tokenizes HSDT shares as on-chain assets transferable via crypto wallets, marking a step toward global, round-the-clock capital markets. In market trading, SOL hovers around $152–153, holding key support at $148–152. Technical indicators suggest a developing B-wave structure with potential short-term rebound if support holds. Resistance levels lie at $172 and $179.75, with an extended target near $189 as new institutional inflows arrive.

JPMorgan Chase has officially launched JPM Coin, its blockchain-based deposit token, on Coinbase’s Base Ethereum layer-2 network. The token, representing U.S. dollar deposits at JPMorgan, now enables institutional clients to execute 24/7, near-instant USD transfers, reducing settlement times from days to seconds. Following successful pilots with Mastercard, Coinbase and B2C2, JPMorgan’s Onyx unit designed the system to streamline liquidity management and cross-border payments. Additionally, Coinbase will accept JPM Coin as collateral, bolstering platform liquidity. JPMorgan plans broader JPM Coin adoption and is developing a euro-denominated version, JPME, pending EU approval. Coinbase meanwhile is relocating its legal headquarters from Delaware to Texas to leverage pro-business rules. Traders should monitor JPM Coin’s uptake and JPME’s launch as key drivers of mainstream tokenization trends.

Tokyo-based JPYC, Japan’s first yen-pegged stablecoin issuer under the revised Payment Services Act, has issued ¥930 million ($6.2 million) in tokens and aims for ¥10 trillion ($66 billion) circulation within three years. JPYC plans to back its yen stablecoin with 80% short-term Japanese government bonds (JGBs) and 20% bank deposits, potentially extending into longer-dated JGBs as demand and yields rise. With the Bank of Japan tapering bond purchases and still holding half of the $7 trillion JGB market, stablecoin issuers like JPYC could become major buyers of JGBs, absorbing supply and linking blockchain adoption to fiscal financing. Meanwhile, Japan’s Financial Services Agency has greenlit a “Payment Innovation Project” pilot for megabanks—MUFG, SMBC and Mizuho—to issue yen-backed stablecoins for corporate clients. This shift may challenge the BoJ’s market dominance, boost the digital yen, and reduce reliance on US dollar stablecoins, though regulators stress strict reserve segregation and asset-backing requirements.

Funtico has launched the EV2 presale for its upcoming Web3 MMO shooter Earth Version 2. The presale offers 40% of the fixed 2.88 billion EV2 token supply. Participants can purchase EV2 tokens with ETH, USDT, USDC, BTC, BNB, SOL, SUPER or credit card, and purchases over $1,000 receive a 10% bonus in TICO tokens. Issued on Ethereum, EV2 powers in-game upgrades, crafting and marketplace transactions. Earth Version 2 combines high-fidelity shooter mechanics with class-based progression across five roles—Brute, Cloaker, Mag, Pathfinder and Valkyrie—and features modes like Oblivion (shrinking play zone) and Fracture (25-player relic hunt). Funtico aims to streamline Web3 gaming onboarding by offering traditional store listings on Steam and Epic Games Store and a multi-currency checkout. After Q1 2026 partnerships and ecosystem development, the full launch and token generation event are set for Q2 2026 on PC, with console versions planned. Ongoing tournaments, seasonal rewards and limited-edition asset bundles will further enhance long-term token utility. This EV2 presale underscores Funtico’s push into mainstream GameFi and incentivizes early adoption.

US spot Bitcoin ETFs recorded a net inflow of $524 million on Tuesday, marking the largest single-day gain since the October market crash. This inflow signals renewed investor confidence after a de-risking phase with daily outflows of up to $700 million. Support from the US Senate’s approval of a funding bill to avert a government shutdown further bolstered ETF demand. “Smart money” traders added $8.5 million in net long Bitcoin positions, despite remaining net short on decentralized exchanges. Meanwhile, Ethereum ETFs saw $107 million in outflows and Solana ETFs posted an 11th straight day of inflows totalling $8 million. Analysts call the pullback healthy, resetting leverage for institutional re-entry. All eyes now turn to the US CPI report on November 13, which could drive the next wave of Bitcoin ETF inflows and impact broader crypto market dynamics.