🧊 Blockchains Can Freeze Funds, Polymarket Partnership, AI Backlash

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From decentralization concerns to exchange expansion and evolution, the headlines never stop. A new Bybit report reveals that 16 blockchains can freeze or restrict user funds, raising fresh concerns about decentralization. Meanwhile, Polymarket has partnered with Yahoo Finance, Character.AI faces backlash over a viral account deletion prompt, and Coinbase expands its global footprint with a new platform in Singapore, a high-profile hire, and filing for a corporate move from Delaware to Texas.

Check out more news below! 👇

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News Roundup

Artificial Intelligence

• Character.AI Faces Mass User Exodus After Viral Account Deletion Prompt Sparks Backlash (Decrypt)

• McConaughey and Caine Partner With ElevenLabs to Recreate Their Voices Using AI (Decrypt)

• The AI Trading Agents Crypto Users Trust Most (Forbes)

Decentralized, Centralized, & Traditional Finance

• Turbo Energy, Taurus, and Stellar Launch Tokenized Clean Energy Pilot in Spain (The Block)

• Coinbase Ends $2 Billion BVNK Acquisition Talks Amid Stablecoin Market Shake-Up (Fortune)

• Fed Officials Split Over December Rate Cut Amid Inflation, Data Gaps (WSJ)

• JPMorgan Launches Deposit Token ‘JPM Coin’ for Institutional Clients (Bloomberg)

• Visa Launches Stablecoin Payout Pilot for Creators and Gig Workers (The Block)

• UAE Completes First Transaction in Digital Dirham CBDC Pilot (Cointelegraph)

• Circle Posts $214M Profit, Eyes Native Token for Arc Network (Circle)

• Japan Stablecoin Issuers Can Fill Central Bank’s Bond-Buying Gap, JPYC Says (Cointelegraph)

• Sui Launches Native Stablecoin ‘USDsui,’ Issued by Stripe-Owned Bridge (Sui)

• RedStone: Crypto’s Yield Gap With TradFi Narrows as Stablecoins and RWAs Surge (The Block)

• Centrifuge Launches ‘Whitelabel’ Tokenization Platform, Debuts With Energy Network Daylight (CoinDesk)

• Cardano Teams With Wirex to Launch Visa-Backed Crypto Debit Card (DL News)

• Hyperliquid Pauses Deposits, Withdrawals After Suspected POPCAT Manipulation (The Block)

Exchanges

• Coinbase Launches Business Platform in Singapore for Startups and SMBs (Tech in Asia)

• Coinbase Hires Ex-Goldman Partner Liz Martin to Lead Markets Division (The Block)

• Coinbase Files to Move Corporate Registration From Delaware to Texas (Paul Grewal)

Exchange-Traded Funds

• Bitwise Chainlink ETF Added to DTCC Eligibility List (DTCC)

• On Nov. 11, U.S. Ethereum spot ETFs recorded $107 million in net outflows.

• U.S. Bitcoin spot ETFs saw $524 million in net inflows on Nov. 11.

• On Nov. 11, U.S. Solana spot ETFs posted $7.98 million in net inflows.

Infrastructure

• Injective Activates Native EVM on Cosmos Chain, Advancing MultiVM Vision (The Block)

• Ethereum Faces First Major Validator Exit Since Proof-of-Stake Transition (The Defiant)

• Bybit Report Reveals 16 Blockchains Can Freeze or Restrict User Funds (Bybit)

• Sonic Labs CEO Unveils Token-Focused Growth Strategy (Mitchell Demeter)

• The Tie Launches Bridge, a Compliant Crypto Messaging Platform for Institutions (Cointelegraph)

• Franklin Templeton Expands Benji Tokenization Platform to Canton Network (Decrypt)

Markets

• Ideosphere Turns Crypto Speculation Into Science Funding Through Prediction Markets (Cointelegraph)

• Polymarket Becomes Yahoo Finance’s Exclusive Prediction Market Partner (Polymarket)

• ZCash Shielded Pool Grows to 23% of Supply as Privacy Adoption Accelerates (The Block)

• Ethereum’s $200B Tokenized Asset Base Strengthens Bullish Outlook for ETH (Cointelegraph)

• ‘Moonvember’ May Stall as Macro Uncertainty Points to Bitcoin Consolidation (Cointelegraph)

• UNI Soars 70% on 100M Token Burn Proposal, Whale Activity Spikes (Santiment)

• Bitcoin Traders Brace for U.S. Inflation Data That Could Drive Next Market Move (Decrypt)

• Ethereum Whales Buy $350M in ETH Amid Market Dip and Macro Uncertainty (Decrypt)

• Crypto Rebound Seen as Short-Lived Amid Macro Risks, Says QCP (Decrypt)

• Bitcoin Drops to $101K as Stocks and Gold Rally Ahead of Shutdown Vote (Cointelegraph)

• Solana Active Addresses Hit 12-Month Low as Memecoin Mania Fades (The Block)

Mining

• MARA CEO: Bitcoin Miners Must Own Energy or Pivot to AI Before 2028 Halving (CoinDesk)

• Fire Damages Bitdeer Bitcoin Mining Site in Ohio, No Injuries Reported (The Block)

• Auradine Launches Teraflux Bitcoin Miners With 9.8 J/TH Efficiency (The Block)

Politics & Regulation

• Pro-XRP Lawyer John Deaton Launches New Massachusetts Senate Bid (Decrypt)

• Trump’s New CFTC Nominee Michael Selig to Face Senate Hearing (Cointelegraph)

• a16z Crypto Urges Treasury to Embrace Privacy Tech in GENIUS Act Rules (Michelle Korver)

• Kraken Co-CEO Blasts UK Crypto Rules as Overly Restrictive (Cointelegraph)

• A16z Urges Treasury to Exempt Decentralized Stablecoins From GENIUS Act (The Block)

• Hong Kong Emerges as China’s Web3 Policy Hub Amid Shifting Mainland Stance (Wu Blockchain)

• Moscow Official Urges Tougher Crypto Rules as Russian Usage Surges (DL News)

• SEC Chair Atkins Says Most Crypto Tokens Aren’t Securities, Backs “Super-App” Trading (Decrypt)

• SEC’s Atkins Proposes New ‘Token Taxonomy’ to Redefine Crypto Oversight (The Block)

• DOJ Launches ‘Strike Force’ to Target China-Linked Crypto Scam Networks (Decrypt)

• EU Targets Pooled Order Books as Regulators Push for Stricter MiCA Controls (CoinDesk)

Token Generation Events

• Single Entity Allegedly Captures 60% of aPriori Airdrop via 14,000 Wallets (Bubblemaps)

Treasuries & Reserves

• VCI Global Launches $100M Crypto Treasury Initiative, Invests in Tether-Backed OOBIT (Cointelegraph)

• Upexi Posts Record Quarter on $78M Unrealized Solana Gains (The Block)

• Corporate Bitcoin Buying Slows, but Total Holdings Hit Record $444B (Decrypt)

• Taiwan to Explore Bitcoin Reserves and Pilot BTC Treasury Holdings (Bitcoin Magazine)

• Winklevoss-Backed Cypherpunk Aims to Amass 5% of Zcash With $59M Treasury Seed (The Block)

• Strategy Briefly Trades Below Value of Its 641,692 BTC Holdings (Coinglass)

Venture Capital

• Seismic Raises $10M from a16z to Expand Privacy Infrastructure for Fintechs (The Block)

Other News

• Nobody Sausage Takes Its 33 Million Fans Into Web3—Without Saying “Crypto” (Decrypt)

• How to Gift Bitcoin in 2025 Without Drawing the IRS’s Attention (Cointelegraph)

• Bitcoin User Accidentally Pays $105,000 Fee to Send Just $10 (Decrypt)

• Three Years After FTX Collapse, Creditors Still Wait as Crypto Rebuilds Trust (Cointelegraph)

• Arthur Hayes Urges Zcash Holders to Withdraw From Exchanges and ‘Shield’ Assets (Cointelegraph)

• Zcash Foundation Revamps Leadership Amid 1,000% ZEC Price Surge (DL News)

Check This Out!

The chart shows that Bitcoin balances on exchanges have fallen to a new all-time low, indicating that more BTC is being moved off exchanges. This ongoing decline suggests strong long-term holding behavior among investors.

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