💰 Amazon's AI Investment, JPMorgan Debanks, NPM Malware Attack

Good afternoon,

Crypto markets are on the move as Amazon’s $50B investment in AI sends ripples across Bitcoin and crypto stocks. Meanwhile, JPMorgan abruptly cuts banking ties with Strike’s CEO despite anti-debanking orders, a major NPM malware incident compromises ENS and key crypto libraries, and billionaire Adam Weitsman doubles down on NFTs.

More details below, along with other top stories! 👇

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News Roundup

Artificial Intelligence

• Public Citizen Urges OMB to Halt Federal Use of Musk’s Grok AI (Decrypt)

• Trump Administration Considers Allowing Nvidia H200 Chip Sales to China (Bloomberg)

• Nvidia’s Blowout Earnings Can’t Calm AI Market Jitters (Decrypt)

• Ridges Demos Autonomous AI Coding on Bittensor, Surprising Crypto AI Day Attendees (TAO Daily)

• Amazon's $50B AI Infra Bet Lifts Bitcoin and Crypto Stocks (CoinDesk)

Decentralized, Centralized, & Traditional Finance

• Coinbase Derivatives to Launch 24/7 Futures for ADA, AVAX, DOGE, SHIB and More in December (The Block)

• Can Bitcoin Be a Store of Value? Pension Funds Begin to Take Notice (Cointelegraph)

• Aave Founder Confirms ETHLend Relaunch and Native BTC Collateral for 2026 (Stani Kulechov)

• DeFi Protocol Ethena Hits ~$600 M in Fees Since Launch — Q3 2025 Alone Generated $151 M (Token Terminal)

• BlackRock: Bitcoin's Global Payments Use Is 'Speculative,' Stablecoins Dominate (Cointelegraph)

• JPMorgan Cuts Ties With Strike CEO Despite Trump’s Anti-Debanking Order (Decrypt)

• Grayscale: Chainlink Is the 'Critical Connective Tissue' for Tokenized Finance (Cointelegraph)

• Why Wall Street Dumped $5.4B in MicroStrategy Stock (CryptoSlate)

• Solana Developer Proposes $3B Cut in Staking Rewards (DL News)

• Japan’s Top Asset Managers Eye Crypto Funds Ahead of Rule Overhaul (The Block)

• ECB Warns of Stablecoin Risks to Financial System (ECB)

• Maple-Core Dispute Reveals DeFi's Legal Boundaries (The Defiant)

Exchanges

• Aerodrome Flags Frontend Security Issue, Urges Users to Stay Away from Affected Domains (Aerodrome)

• Coinbase Migrated BTC and ETH Wallets in Security Upgrade, No Impact to Users (Coinbase)

• KuCoin Pay Integrates with Brazil’s Pix Network, Expanding Crypto Payments (Cointelegraph)

• Bybit’s 28th Proof of Reserves Shows Uptick in BTC & ETH Holdings, Drop in USDT (Bybit)

• OKX Re-Lists Zcash After 2024 Privacy Coin Delisting (OKX)

• Korea FIU Targets Major Crypto Exchanges with Fines After Upbit (Naver)

• Upbit Lists Monad (MON) with KRW, USDT, and BTC Trading Pairs (Upbit)

• Bitkub Targets $200M Hong Kong IPO Amid Thai Market Slump (The Block)

• Crypto.com Visa Cards Now Support Google Pay for UK Users (Crypto.com)

• Upbit Eyes Nasdaq IPO After Naver Merger (The Block)

• Coinbase to Launch Spot Trading for FLUID and WMTX on November 25 (Coinbase)

Exchange-Traded Funds

• From Nov. 17–21, U.S. Bitcoin and Ethereum spot ETFs saw net outflows of $1.22 billion and $500 million, respectively.

• U.S. Solana spot ETFs recorded $128 million in net inflows from Nov. 17-21.

• Digital Asset Funds See $1.94B Weekly Outflow, Third-Largest Since 2018 (CoinShares)

• Grayscale Launches First U.S. Spot Dogecoin ETF Ahead of Bitwise (Eric Balchunas)

• Grayscale Launches XRP ETF Amid Expanding Crypto Fund Lineup (The Block)

• Franklin Templeton Launches XRP ETF (The Block)

Infrastructure

• Cardano Hit by 'Poisoned' Transaction Attack, Network Forks into Two Chains (Decrypt)

• Solana Proposal Aims to Halve Time to Target Inflation Rate (GitHub)

• Wormhole Labs Launches ‘Sunrise’ to Bridge MON and Other Assets to Solana (The Block)

• Zcash Developers Say They’re Ready for Quantum Threat, Unlike Bitcoin (Decrypt)

• Offchain Labs Backs WASM Over RISC-V for Ethereum L1 (The Block)

• NPM Malware Attack Hits ENS and Crypto Libraries (Cointelegraph)

• Magma Staking Launches on Monad Mainnet After MON Token Sale (The Block)

• Monad Mainnet Launches with Over Half of Token Supply Locked (The Block)

• Buterin Calls Privacy “Hygiene” After U.S. Bank Data Breach (Decrypt)

Markets

• BLS Cancels October CPI Report, Delays November Data to Dec. 18 (Bloomberg)

• Bitcoiners Perk Up as Odds of a December Fed Rate Cut Nearly Double (Cointelegraph)

• ETH Drops to $2.6K, But Futures Signal Possible Rebound to $3.2K (Cointelegraph)

• Crypto’s Brutal Month Wipes Out $500B, Wall Street Faces First Major Test Since ETFs (Bloomberg)

• Bitcoin Volatility Surge Hints at Return to Options-Driven Market (Cointelegraph)

• $566 M+ in Crypto Token Unlocks Scheduled for This Week (CoinGecko)

• Bitcoin Faces Worst Quarter Since 2018 Amid Fed Uncertainty (Decrypt)

• Bitcoin Faces Pullback as Key Demand Drivers Reverse: NYDIG (Cointelegraph)

• Solana Faces Panic-Selling Risk With 80% of Holders at a Loss (Decrypt)

• Myriad Prediction Market Hits $100M Milestone After 10x Growth in 3 Months (The Block)

• Biotech Firm Enlivex to Shift $212M Into RAIN, Sending Token Up 120% (The Defiant)

• Rumble Stock Surges 14% After Tether Buys 1M Shares (Decrypt)

Meme Coins

• Pump.fun’s $436M ‘Cash-Out’ Raises Concerns Amid Falling Revenue (Cointelegraph)

Mining

• Solo Bitcoin Miner Using Hobby Rig Wins $266K Block Reward (Decrypt)

• Bitcoin Mining Quietly Surges Back in China Despite 2021 Ban (Reuters)

Non-Fungible Tokens

• Billionaire Adam Weitsman Doubles Down on NFTs (Decrypt)

Politics & Regulation

• American Innovation Project Hosts Lawmaker Dinner to Push Tax Policy Agenda (Decrypt)

• Ex-Coinbase Lawyer Launches NY AG Bid, Slams Crypto “Lawfare” (Cointelegraph)

• Trump’s DOGE Disbanded Eight Months Early Amid Shifting Priorities (Reuters)

• South Korea’s Crypto Tax Plan at Risk of Delay Again (HansBiz)

• India’s VDA Review Targets Stronger Investor Protections and Market Oversight (Cointelegraph)

Token Generation Events

• Monad Token Sale Surges Past $216M, Ending Oversubscribed on Coinbase (The Block)

• Binance Claws Back Abused Alpha Airdrop Rewards, Freezes Select Accounts (CryptoBraveHQ)

Treasuries

• BitMine Announces 2026 ETH Staking Plans (Cointelegraph)

• Japan’s Crypto Tax Rules Help Bitcoin Treasury Stocks Outperform (CoinDesk)

• Enlivex to Raise $212M for Rain Token Treasury, Taps Matteo Renzi for Board (The Block)

• BitMine Now Holds 3% of Ethereum Supply, Reaches $11.2B in Crypto and Cash Holdings (PR Newswire)

• Bitcoin Treasury Firms Urged to Evolve Beyond HODL as Market Sentiment Shifts (CoinDesk)

Venture Capital

• Revolut Hits $75B Valuation After Share Sale Backed by Major Investors (The Block)

• Brevan Howard Had $25M Refund Option on Berachain Investment (The Block)

Other News

• Bitcoin ATM Operator Eyes $100M Sale After DOJ Money Laundering Charges (Decrypt)

• How One Client Turned $11K Into $500M: Inside the World of a Crypto Wealth Manager (CoinDesk)

• EAL Member Warns: Up to 20% of Crypto Firms Infiltrated by North Korean Operatives (DL News)

• Bitwise CIO: Token Value Capture Is the Trend Everyone’s Missing (Matt Hougan)

• Ethereum Foundation Picks Mumbai for Devcon 8 (EFDevcon)

• Satoshi Nakamoto’s Net Worth Plunges $41B Amid Bitcoin Crash (Decrypt)

• Concerns Over X’s Country Disclosure Policy and Its Implications (Vitalik Buterin)

• Fake Delivery Driver Steals $11M in Crypto in San Francisco Home Invasion (Decrypt)

• Bitcoin's Quantum Threat Isn’t Code — It’s Consensus (Cointelegraph)

• Russian Police Stop Airsoft‑Grenade Crypto Heist (DL News)

Check This Out!

Estimates suggest that around 106 million people globally own Bitcoin, though exact figures are difficult to determine due to overlapping wallets, exchange accounts, and inactive addresses. Despite these limitations, survey and usage data indicate that approximately 1.3% of the world's population holds some form of Bitcoin.

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