According to SolanaFloor, Franklin Templeton has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) for the Franklin Solana ETF, a crucial step typically taken before the product's official launch. Trading usually begins the day after such filing.
The WLFI Strategic Reserve address spent 5.54 million USD to repurchase 32.93 million WLFI.
According to on-chain analyst @ai_9684xtpa, the WLFI Strategic Reserve address spent 5.54 million USD1 to buy back 32.93 million WLFI in the past 3 hours, with an average cost of $0.1684. Possibly due to this concentrated on-chain buyback, the price has risen by over 5% since the purchase.
According to Lookonchain's monitoring, a wallet suspected of being associated with Fenbushi Capital deposited 10,400 ETH, worth $29.88 million, into Binance 10 hours ago.
Huma Finance's Q2 airdrop tracking is now live.
Huma Finance announced on its X platform that its Q2 airdrop tracking is now live, allowing users to check the number of tokens airdropped. More information will be released soon.
According to the New York Post, San Francisco police and sources revealed that a tech investor who had dated OpenAI CEO Sam Altman was robbed at gunpoint on the evening of November 22, with $11 million worth of cryptocurrency assets stolen. The robbers, posing as UPS deliverymen, entered the victim's Dolan Street residence carrying a white box. Surveillance footage shows the robbers forcing the victim to hand over electronic devices at gunpoint after he opened the door, and then stealing cryptocurrency assets from his phone and laptop by binding him. According to sources, the suspects tortured the victim after binding him, beating him while he was on speakerphone, with a foreign accent repeatedly reciting the victim's personal information. Police responded to the call that evening and found the victim with minor injuries. They are currently investigating how the robbers transferred the cryptocurrency using the stolen devices. The homeowner, 31-year-old Lachy Groom, is a venture capitalist and the ex-boyfriend of 40-year-old Sam Altman. Property records show he purchased the home from the Altman brothers in 2021 for $1.8 million.
USDe TVL has fallen to $7.6 billion, a drop of over 50% compared to October.
According to The Block, Ethena's synthetic stablecoin USDe's total value locked (TVL) has fallen from $14.8 billion in October to $7.6 billion currently, a drop of over 50%. Affected by a weak market environment and reduced leverage demand, perpetual funding fees have compressed, and the stablecoin's current annualized yield is approximately 5.1%, lower than the double-digit yields at the beginning of the year. Despite the decline in TVL, USDe usage is on the rise, with on-chain transaction volume exceeding $50 billion last month. The sharp contraction in TVL is largely due to the liquidation of leveraged arbitrage strategies prevalent in DeFi protocols, especially in lending markets like Aave. These arbitrage strategies involve repeatedly depositing pledged USDe (sUSDe) as collateral, borrowing USDC at a high loan-to-value ratio, then exchanging it back for sUSDe, and repeating this process to achieve effective leverage of 10x or even higher. This trade can continue to be profitable as long as the annualized yield of USDe exceeds the borrowing cost of USDC; however, as the yield has declined and is now below the 5.4% cost of borrowing USDC on AAVE, some people have closed out their arbitrage trades.
An ancient whale is suspected of dumping 20,000 ETH, worth $58.14 million, after eight months.
According to on-chain analyst @ai_9684xtpa, an "ancient whale" holding 254,900 ETH in the ETH ICO market appears to have sold 20,000 ETH after eight months, worth $58.14 million, at a cost as low as $0.31. Ten hours ago, he deposited 20,000 ETH into FalcoinX at a price of $2,906.79. The last time this whale transferred tokens to an exchange, the price was only $1,452.04. He currently holds 3,070 ETH on-chain, worth $9.07 million.
According to The Block, Acting Chair Caroline Pham of the U.S. Commodity Futures Trading Commission (CFTC) is seeking CEOs to bolster the newly formed CEO Innovation Council. This council aims to strengthen the agency's work as it expands its regulation of digital assets. Pham announced on Tuesday that she is soliciting nominations for the council, with a deadline of December 8. With bills in the House and Senate granting the agency broader regulatory powers over digital assets, the CFTC is poised to play a larger role in crypto regulation. However, the timeline for legislative action remains uncertain, progress has stalled, and previously set goals have been missed. In the meantime, the agency has launched a "crypto sprint" focused on clarifying cryptocurrency rules and plans to introduce spot trading products, including leveraged products.
According to The Block, Layer 1 blockchain SKALE has partnered with Layer 2 network Base to launch an Ethereum Layer 3 network. Project representatives stated that the network, named "SKALE on Base," is "designed specifically for AI agent workloads," particularly well-suited for application scenarios like the x402 payment protocol, incubated by Coinbase and designed specifically for AI. They stated, "Agents require higher-quality block space to run on-chain. SKALE Expand allows the deployment of SKALE Manager (the core smart contract facilitating the operation of the SKALE chain) onto any EVM blockchain, bringing SKALE's gas-free transactions, instant determinism, and privacy protection to other EVM ecosystems." SKALE on Base enables AI agents to leverage SKALE's scalable infrastructure, as well as Base's liquidity, users, entry points, and distribution channels. The network will also introduce a computing resource credit system, meaning AI agents and users won't need to manage gas fees when using on-chain applications. Users can pre-purchase credit on Base using USDC or SKL. Tuesday's launch marks the first deployment of the SKALE Expand multi-chain initiative. The plan aims to transform SKALE into "an AI proxy layer capable of supporting multiple Layer 1 and Layer 2 networks while keeping users and liquidity on their original chains."
Multicoin Capital purchased another 60,000 AAVE tokens, worth $10.68 million.
According to on-chain analyst Yu Jin, Multicoin Capital purchased 60,000 AAVE tokens (US$10.68 million) through Galaxy Digital OTC four hours ago. In the past month and a half, they have accumulated 338,000 AAVE tokens (US$60.46 million) at an average price of US$219, resulting in a paper loss of US$13.5 million. After the sharp drop on October 11th, they purchased 210,000 AAVE tokens (US$51.32 million) at US$244; on November 25th, they purchased 61,637 AAVE tokens (US$10.94 million) at US$177; and on November 26th, they purchased 60,000 AAVE tokens (US$10.68 million) at US$178.
Bitwise DOGE ETF receives NYSE Arca listing approval and could list as early as Wednesday.
According to The Block, NYSE Arca, a subsidiary of the New York Stock Exchange Group, approved Bitwise's application for listing and registration of a Dogecoin ETF on Tuesday. The Bitwise Dogecoin ETF (ticker symbol BWOW) could list as early as Wednesday. According to a previous registration statement, the Bitwise Dogecoin ETF aims to expose investors to the value of this meme cryptocurrency, and Coinbase Custody will serve as the fund's custodian.
According to The Block, US Bancorp stated that it is testing its self-developed stablecoin on the Stellar blockchain. The bank's choice of the Stellar blockchain appears to be based on considerations of transaction security and control. Mike Villano, Senior Vice President of Corporate Innovation at the bank, stated, "For our customers, we must consider other safeguards around the 'Know Your Customer' (KYC) principle, such as the ability to reverse transactions. After further development on the Stellar platform, we found that a major advantage of the platform is its underlying operational layer's ability to freeze assets and suspend online transactions." According to data from the Federal Reserve, as of September 30, US Bancorp was the fifth-largest bank in the United States, managing $671 billion in assets.
Texas launches Bitcoin reserve program, with an initial $5 million purchase of IBIT from BlackRock.
According to The Block, a post from the Texas Blockchain Council indicates that the state has made its first allocation to the Texas Strategic Bitcoin Reserve, purchasing approximately $5 million worth of BlackRock's Bitcoin Spot ETF (IBIT) last week. This transaction appears to be the first use of authorized funds under SB 21, enacted by Greg Abbott in June. This act established a state-level Bitcoin reserve managed by the Texas Fiscal Trust. Lee Bratcher, chairman of the Texas Blockchain Council, revealed on Twitter that the purchase occurred on November 20th, marking both the reserve's first allocation and the first instance of a state government purchasing Bitcoin in the US. However, state officials have not yet released any documents or statements to confirm the transaction. According to the Texas Fiscal Trust's latest 13F filing, the company holds approximately $667 million in SPY (S&P 500 ETF) and $34 million in the Janus Henderson Fund. If, as stated by Lee Bratcher, the purchase of $5 million worth of IBIT (as part of a $10 million Bitcoin allocation) will make it the third-largest holding in this portfolio.
Arthur Hayes purchased $260,500 worth of PENDLE tokens from Flowdesk.
According to Onchain Lens monitoring, Arthur Hayes (@CryptoHayes) purchased 105,000 PENDLE tokens from Flowdesk six hours ago, worth $260,500. Yesterday, he deposited 3.04 million USDC into Kraken, Wintertermute, Cumberland, and Flowdesk, which may indicate he is preparing for another asset purchase.
Polymarket announced that it has received approval from the U.S. CFTC to re-enter the U.S. market.
According to PR Newswire, prediction market platform Polymarket announced that the U.S. Commodity Futures Trading Commission (CFTC) has issued a revised designation allowing Polymarket to operate an intermediary trading platform, subject to full compliance with all applicable requirements for federally regulated exchanges. This approval will enable Polymarket to directly connect brokerage firms and clients and facilitate trading on U.S. trading venues. Currently, Polymarket is permitted to implement an intermediary access model, allowing users to trade through futures commission brokers and utilize traditional market infrastructure, custody, and reporting channels.
According to Cointelegraph, MegaETH's pre-deposit campaign failed on Tuesday due to a series of technical glitches. The campaign was designed to provide verified users with a controlled window to lock in their MEGA token allocations. The team stated on the X platform that the technical glitches stemmed from a configuration error and rate limiting issue with the KYC system. Simultaneously, a Safe multi-signature transaction intended for subsequent increases was executed prematurely, resulting in new deposits flowing in and causing the total fundraising amount to exceed the original $250 million limit. The protocol provider stated that this allocation was obtained by users who continuously refreshed the page and happened to be randomly opened by the system. Ultimately, MegaETH froze the total deposits at $500 million and abandoned its original plan to expand the fundraising to $1 billion. The team stated that it will soon release a rollback plan and withdrawal options, reiterating that user assets are always safe, but admitted that this operation did not meet its own standards and that no excuses were needed.
Coinbase has launched spot trading of Irys (IRYS).
According to an official announcement, Coinbase has launched spot trading of Irys (IRYS). Irys (IRYS) is now available on coinbase.com and the Coinbase App. Coinbase users can log in to buy, sell, exchange, send, receive, or store Irys assets.
According to Jinshi News, sources familiar with the matter revealed that as the selection process for the new Federal Reserve Chairman enters its final weeks, White House National Economic Council Director Kevin Hassett is considered the leading candidate for the position among President Trump's advisors and allies. Sources indicated that if Hassett were appointed, Trump would be able to place a close ally he knows and trusts within the Fed. Some also stated that Hassett is seen as someone who can bring Trump's interest rate-cutting philosophy to the Fed, which is precisely the direction Trump has long sought to control. However, they also pointed out that Trump is known for his unpredictable personnel and policy decisions, so nothing is certain until the official announcement. Hassett is considered to share Trump's economic views, including the belief that interest rates need to be lowered. In a Fox News interview on November 20, he stated that if he were the Fed Chairman, he would "cut rates now" because "the data suggests we should."
The South African Reserve Bank has listed cryptocurrencies and stablecoins as new financial risks.
According to Bloomberg, the South African Reserve Bank (SRB) has warned that crypto assets and stablecoins, due to a lack of comprehensive regulation, have become a new risk threatening the country's financial sector. In its semi-annual Financial Stability Assessment, the SRB noted that the digital and cross-border nature of cryptocurrencies allows them to circumvent existing foreign exchange control laws, while digital assets are not yet subject to regulation. Herco Steyn, the SRB's chief macroprudential expert, stated that the risk stems from an "incomplete regulatory framework." He anticipates progress next year but warned that if progress stalls, "regulation will be inadequate." Currently, the SRB is working with the Treasury to develop new regulations to regulate cross-border crypto asset transactions and amend foreign exchange control laws to include digital assets. The SRB emphasized that as crypto asset adoption increases, the domestic regulatory framework needs to be continuously adjusted in line with market developments and risks. Data shows that the South African crypto industry is dominated by three major platforms: Luno, VALR, and Ovex. As of July, they had nearly 7.8 million registered users; and total assets reached 25.3 billion rand as of December 2024.
According to PR Newswire, decentralized prediction market Polymarket has received a revised Order of Designation from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to provide compliant market access to users within the United States through an intermediary model. With this approval, Polymarket can directly connect with brokers and users and utilize traditional custody, clearing, and reporting infrastructure through FCM channels. The company states that it has improved its monitoring, market surveillance, clearing processes, and Part 16 regulatory reporting capabilities, and will implement more intermediary trading rules before its official launch.
MegaETH raises USDm deposit cap from $250 million to $1 billion.
MegaETH tweeted that its USDm pre-deposit event experienced a brief outage due to excessive requests from third-party service providers. After the outage, the $250 million quota was filled within 156 seconds. The project announced that the cap will be increased to $1 billion to ensure more users can obtain USDm on the first day. The official statement said that previous participants' rights were unaffected, all contracts were audited by Zellic and Slowmist and remain secure, and the cross-chain bridge will reopen at 11:00 AM ET.
Coinbase will launch Aster perpetual contract trading.
According to a Coinbase Markets announcement, Aster (ASTER) perpetual contracts will be available for trading in supported regions once liquidity conditions are met.
Nvidia shares plunged 6%, marking its biggest single-day intraday drop in over seven months.
Nvidia (NVDA.O) plunged 6%, marking its biggest single-day intraday drop in more than seven months.
Upbit may appeal a fine of approximately $25 million imposed by South Korean regulators.
According to CoinDesk, Dunamu, the parent company of Upbit, South Korea's largest exchange, is considering appealing the 352 million won (approximately $25 million) fine and related sanctions imposed by the Financial Intelligence Service (FIU). The FIU alleges that Upbit committed approximately 5.3 million violations related to KYC and suspicious transaction reporting, and has suspended its new customer acquisition for three months, while also issuing a warning to management. Dunamu stated that it is internally reviewing the accuracy of the sanctions and pointed out that the FIU's decision was overturned by the court in the Hanbitco case. The regulatory body emphasized that this is part of a nationwide AML crackdown, and Bithumb, Coinone, Korbit, and GOPAX have also been found to have violated regulations. Upbit stated that it has strengthened investor protection and will improve compliance to ensure a safe trading environment.
According to Eleanor Terrett, MoonPay has received a limited purpose trust license from the New York State Department of Financial Services (NYDFS), allowing it to conduct crypto custody and over-the-counter trading business in New York State. MoonPay currently holds both a BitLicense and a trust license, a combination that only a handful of companies, such as Coinbase, PayPal, Ripple, and NYDIG, have obtained under stringent regulations.
At the opening of the US stock market, Circle fell by about 5% to around $69.
U.S. stocks opened higher, with the Dow Jones Industrial Average up 0.28%, the S&P 500 down 0.06%, and the Nasdaq down 0.39%. Alphabet, Google's parent company, rose 2% after reports that Google is in talks with Meta about a multi-billion dollar deal to supply custom AI chips to Meta's data centers starting in 2027. Nvidia (NVDA.O) fell 4%. Alibaba (BABA.N) rose 2%. Among blockchain concept stocks, Circle (CRCL) fell about 5% to $69, close to its opening price on its first day of trading.
Newfire Technology launches Bitcoin purchase plan not exceeding $5 million
Hong Kong-listed company Newfire Technology (1611.HK) announced a Bitcoin purchase plan of up to US$5 million (approximately HK$39 million). In the first phase, it has purchased approximately 24.29 Bitcoins, totaling approximately US$2 million, at an average price of approximately US$82,338, completing nearly half of the planned amount. The company stated that because the relevant percentages are all below 5%, this transaction does not constitute a disclosable transaction under Chapter 14 of the Listing Rules, and will be disclosed as required by the rules in the future.
Paxos acquires DeFi wallet company Fordefi for over $100 million
According to Fortune, Paxos has announced the acquisition of New York-based DeFi wallet startup Fordefi for over $100 million. Founded in 2021, Fordefi has approximately 40 employees and 300 customers, and its previous valuation was $83 million. Following the acquisition, Fordefi will continue to operate independently, and Paxos plans to integrate its technology into its own system. This transaction marks Paxos' second acquisition within a year, further expanding its reach after acquiring EU stablecoin issuer Membrane Finance in February to comply with MiCA regulations.
Klarna plans to launch its own stablecoin on the Tempo chain in 2026.
According to Solid Intel, Swedish fintech company Klarna plans to launch its own stablecoin on Tempo, a blockchain network powered by Paradigm and Stripe, in 2026.
S&P 500 and Nasdaq 100 futures surge
S&P 500 and Nasdaq 100 futures surged on news that Ukraine had agreed to a peace deal. According to ABC News, a U.S. official said Tuesday that the Ukrainian delegation had reached an agreement with the U.S. on the terms of a potential peace deal. The U.S. official said that U.S. Army Secretary Dan Driscoll held closed-door talks with a Russian delegation in Abu Dhabi, UAE, on Monday to follow up on weekend talks with Ukraine in Geneva aimed at advancing the Ukrainian peace process. The U.S. official said, "The Ukrainians have agreed to a peace agreement. There are a few minor details to be resolved, but they have agreed to reach a peace agreement." The official also stated, "The 19-point Ukrainian peace plan no longer includes any pardon clauses."
Irys (IRYS) plummeted by approximately 85% after its launch on Binance Alpha.
Irys (IRYS) plummeted after its listing on Binance Alpha, dropping approximately 85%. Market data shows that IRYS reached a high of $0.11 per token at the opening at 7 PM tonight, with airdropped users receiving 1200 IRYS tokens, averaging a profit of about $132. However, it quickly plunged 86%, currently trading at $0.0135 per token, with the profit rapidly shrinking to around $16. IRYS's market capitalization has now shrunk to less than $30 million.
The UAE's new financial law brings DeFi and Web3 under its regulatory purview.
According to Cointelegraph, the UAE's Federal Decree No. 6 of 2025, effective September 16, 2025, brings DeFi and Web3 activities, including payments, lending, trading, and custody, under the central bank's regulation, ending the "pure code" excuse. Those engaging in related activities without a license will face fines of up to 1 billion dirhams (approximately $272 million). While the law does not prohibit self-custodied wallets, services involving payment functions must be assessed for compliance with licensing requirements. Companies must complete compliance adjustments by September 2026.
According to Onchain Lens, a whale deposited $32.1 million USDC into the HyperLiquid platform to increase its holdings of $HYPE. It currently holds 741,318 HYPE tokens, with a market value of approximately $24.63 million. It also opened a 10x leveraged short position in HYPE.
QCAD approved as Canada's first compliant Canadian dollar stablecoin.
According to PR Newswire, Stablecorp announced that its QCAD Digital Trust service has received a final acknowledgment of its prospectus from the Canadian Securities and Exchange Commission (SEC). QCAD is issued in compliance with the current stablecoin regulatory framework, becoming Canada's first compliant CAD stablecoin. QCAD is held in custody by regulators with a 1:1 Canadian dollar reserve, providing near-instantaneous, low-cost cross-border and domestic transfers; the reserves will be audited regularly and publicly disclosed.
Metaplanet borrows another $130 million using Bitcoin as collateral.
According to a Metaplanet Inc. announcement, the company executed a $130 million loan on November 21, pursuant to a credit agreement disclosed on October 28, secured by its Bitcoin holdings. The funds will be used to increase its Bitcoin holdings, expand its Bitcoin yield business, and repurchase shares, depending on market conditions. As of the end of October, the company held 30,823 BTC, with a market value of approximately $3.5 billion. The company has drawn down a total of $230 million from its $500 million credit line.
