Good afternoon,

Markets dipped sharply as Ethereum slid below $2,800 and Bitcoin dropped under $85K, triggering nearly $1B in liquidations. Meanwhile, Yearn Finance suffered a $9M exploit tied to an attacker minting trillions of yETH, and Vitalik Buterin weighed in on token governance, urging Zcash to steer clear of token-voting models.

More headlines below! 👇

News Roundup

Artificial Intelligence

  • OpenAI Confirms Mixpanel Breach Exposed API User Metadata (Decrypt)

  • China’s Tech Giants Shift AI Training Offshore to Bypass U.S. Chip Restrictions (Reuters)

  • AI Time-Travel Experiment Imagines English 15,000 Years in the Future (Decrypt)

  • Telegram Launches Cocoon, a Decentralized AI Network Built on TON (Cointelegraph)

Decentralized, Centralized, & Traditional Finance

  • Fidelity’s Tokenized Treasury Fund Surges Past $250M (The Defiant)

  • São Paulo to Launch Blockchain Microloans for Farmers (CoinDesk)

  • Terminal Finance Shuts Down Project After Converge Chain Fails to Launch (Terminal Finance)

  • Visa Expands Stablecoin Settlement to CEMEA Through Aquanow Partnership (The Block)

  • Nasdaq Pushes Ahead on Tokenized Stocks as It Awaits SEC Review (Cointelegraph)

  • Kazakhstan’s Central Bank Prepares Up to $300M for Crypto Investments (RBC)

  • Tether CEO Pushes Back After S&P Downgrades USDt Peg Stability (Cointelegraph)

  • Ripple Wins Approval to Expand XRP and RLUSD Services Under Singapore MPI License (CoinDesk)

  • Sony Bank Plans U.S. Dollar Stablecoin Launch Within Sony’s Ecosystem by 2026 (Nikkei)

  • Yearn Finance Hit by $9M Exploit After Attacker Mints 235 Trillion yETH (DL News)

  • Naver and Kakao Set for Stablecoin Showdown in South Korea (DL News)

Exchanges

  • OKX’s Latest Proof of Reserves Shows Rising BTC and USDT Balances (OKX)

  • Crypto Exchange Volume Falls to $1.6T in November, Lowest Since June (The Block)

  • Coinbase Reports 12,716 Government Data Requests in 2025, Up 19% (Coinbase)

  • Coinbase to List Rayls (RLS) for Spot Trading on Dec. 1 (Coinbase)

Exchange-Traded Products

  • CoinShares Pulls U.S. ETF Filings for XRP, Solana, and Litecoin Ahead of SPAC Listing (The Block)

  • First Spot Chainlink ETF Expected This Week, Says ETF Store President (Nate Geraci)

  • U.S. Ethereum spot ETFs saw $313 million in net inflows from Nov. 24–28.

  • From Nov. 24-28, U.S. Bitcoin spot ETFs posted $70 million in net inflows.

  • U.S. Solana spot ETFs recorded $108 million in net inflows from Nov. 24-28.

  • From Nov. 24-28, U.S. XRP spot ETFs saw $244 million in net inflows.

  • Spot Bitcoin ETFs Log $3.5B in November Outflows (The Block)

  • Digital Asset ETPs See $1.07B Inflows After Weeks of Outflows (CoinShares)

  • Goldman Sachs Buys Innovator for $2B, Adding Bitcoin-Linked ETF to Its Portfolio (Cointelegraph)

Infrastructure

  • Optimism Signals Strategic Shift After Costly Focus on Partner Chains (The Defiant)

  • Sassano Says Ethereum’s 3× Gas Limit Plan Is Just the Starting Point (Cointelegraph)

  • Binance Adds Support for Multiple Keyless Wallets (Binance)

Markets

  • Crypto Sentiment Lifts From Extreme Fear After 18-Day Slump (Cointelegraph)

  • Kinetiq’s New KNTQ Governance Token Debuts at $130M Valuation on Hyperliquid (The Defiant)

  • Bubblemaps Data Shows Majority of Clustering-Prone Token Teams Based in U.S. as Prices Collapse (Bubblemaps)

  • Sahara AI Token Plunges Amid Silence From Project Team (Binance)

  • Hyperliquid Confirms 1.75M HYPE Unlock as Price Dips Slightly (Cointelegraph)

  • Russian Investors Pour Millions Into Bitcoin and Ethereum Funds on MOEX (DL News)

  • Most ETH Valuation Models Point to Undervaluation (Cointelegraph)

  • HashKey Prepares for Hong Kong Listing After $82B Trading Year (Weixin)

  • Bitcoin Drops 5% in Sudden ‘Sunday Slam’ as $539M in Positions Liquidate (Cointelegraph)

  • $218M in Token Unlocks Coming This Week, Led by ENA and EIGEN (Tokenomist)

  • Bitcoin Drops Below $86,500 as $144B Market Cap Vanishes in Rapid Sell-Off (The Block)

  • Japan Bond Yields Hit 15-Year High as Markets Bet on BOJ Rate Hike (JT)

  • US Labor Market Softens, Adding Pressure to Bitcoin and Crypto (Cointelegraph)

  • BTC, ETH, XRP Crash Triggers $637M in Liquidations (Decrypt)

  • Bitcoin Shows Signs of Late-Cycle Fragility as Whales Pull Back (The Block)

  • Gold Nears Record as Crypto and Stocks Slide (Decrypt)

  • Kalshi and Polymarket Hit Nearly $10B Record Month (The Block)

  • ETH Drops Below $2,800, BTC Slides Under $85K as Liquidations Near $1B (Coinglass)

Mining

  • Fire Shuts Down Greenidge Mining Site After Equipment Failure (Cointelegraph)

  • Bitcoin Mining Faces December Difficulty Rise as Profitability Near Lows (Cointelegraph)

Politics & Regulation

  • China Reasserts Its Crypto Ban as Regulators Unite Against Renewed Speculation (DL News)

  • SEC’s Hester Peirce Calls Crypto Self-Custody and Privacy Fundamental Rights (Cointelegraph)

  • Kevin Hassett Now Frontrunner for Fed Chair as Markets Price In Aggressive Rate Cuts (DL News)

  • U.S. House Republicans Detail Grievances Over “Choke Point 2.0” Against Crypto (CoinDesk)

  • Republicans Push Market Structure Bill After Alleging Crypto ‘Debanking’ Under Biden (Cointelegraph)

Treasuries

  • Strategy CEO Says Bitcoin Sales Would Occur Only if Stock Trades Below NAV (Cointelegraph)

  • Strategy Sets $1.44B USD Reserve, Cuts Bitcoin-Based Guidance (Strategy)

  • BitMine Discloses $12.1B in Assets as ETH Holdings Hit 3.73M (PR Newswire)

  • Trump Media–Crypto.com CRO Treasury Nears Public Debut Despite 90% Token Drawdown (Decrypt)

  • Largest Solana Treasury Taps Ex-ParaFi Exec as Holdings Fall Over 40% (The Block)

Venture Capital

  • VCs Pour $25B Into Crypto as Capital Shifts Toward Regulated Players (DL News)

  • CZ-Backed YZiLabs Moves to Seize Control of BNB Treasury Firm BNC (The Block)

Other News

  • Kalshi Hit With Class Action Alleging Illegal Sports Betting and Misleading Market-Making (Bloomberg)

  • Study Finds Young People Turning to Crypto Out of Economic Desperation (DL News)

  • Buterin Hopes Zcash Rejects Token Voting (Vitalik Buterin)

  • FC Barcelona Criticized Over Deal With Little-Known Samoan Crypto Firm (Decrypt)

  • Chainalysis Challenges Binance’s Illicit-Funds Analysis as Incomplete (DL News)

  • GoQuant Founder Built Billion-Dollar Crypto Firm After Starting Trading at Age 9 (Yahoo Finance)

  • Spear Phishing Now Lazarus Group’s Top Weapon, Says AhnLab (Cointelegraph)

  • Europe Shuts Down $1.4B Cryptomixer in Major Cross-Border Takedown (Decrypt)

  • Brazil Jails 14 for $95M Bitcoin Laundering Scheme (DL News)

  • Tokenize Xchange Founder Sued for $60.5M in Alleged Fraud (Tech in Asia)

Check This Out!

According to Coinglass, Bitcoin returned -17.67% in November 2025, making it the second-lowest monthly result on record.

Source: Coinglass

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