✅ Gemini 3 Pro Drops, Ethereum Privacy, Ledger Backlash

Good afternoon,

Privacy, Ethereum, and Ledger stand out in today’s headlines. Google has launched Gemini 3 Pro, its most advanced AI model to date, while Vitalik Buterin has unveiled Kohaku, a new privacy framework for Ethereum. Meanwhile, the Ethereum Foundation has introduced an “Interop Layer” to unify Layer 2 networks, and Ledger is facing backlash as some pre-2018 Zcash users are unable to withdraw their funds.

More news below! 👇

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News Roundup

Artificial Intelligence

• Survey: AI Founders Name Perplexity as Most Likely to Fail Amid Legal Woes (Decrypt)

• Google Launches WeatherNext 2, a Faster, AI-Powered Weather Forecasting System (Decrypt)

• Google Unveils Gemini 3 Pro, Its Most Powerful AI Yet (Decrypt)

Decentralized, Centralized, & Traditional Finance

• Figment and OpenTrade Launch Solana-Backed Stablecoin Yield Product Promising 15% APR (Cointelegraph)

• Coinbase Launches BTC-Backed USDC Loans via Morpho With Instant Access and Flexible Repayment (Coinbase)

• Blockchain.com Appoints Co-CEO, Opens U.S. HQ in Dallas Ahead of Planned IPO (The Block)

• LevelField Approved to Acquire Chicago Bank, Eyes Crypto-Integrated FDIC Services (Cointelegraph)

• Lloyds Banking Group Seals £120M Deal to Acquire Digital Wallet Provider Amid Investor Backlash (Sky News)

• AMINA Bank Secures Hong Kong License to Launch Institutional Crypto Services (Cointelegraph)

• Grab Eyes Regional Stablecoin Infrastructure via StraitsX Web3 Deal (Cointelegraph)

• Tether Invests in Ledn to Boost Bitcoin-Backed Lending Expansion (Tether)

• New Crypto Lending Protocols Show Promise, but Fall Short for the Truly Unbanked (DL News)

Exchanges

• On Nov. 17, Coinbase Listed Superfluid (SUP) For Spot Trading (Coinbase)

• Spot Trading for Toncoin (TON) Will Go Live Nov. 18 on Coinbase (Coinbase)

• Upbit to List MET2 Token on Nov. 18 Across KRW, BTC, and USDT Markets (Upbit)

• Uniswap Weighs UNI Protocol Burns as 2025 Fees Nears $1B (The Block)

Exchange-Traded Funds

• Grayscale Dogecoin ETF Nears Launch as VanEck Solana Fund Debuts (Decrypt)

• Ark Invest Buys $10M in Bullish Shares Ahead of Exchange's Q3 Earnings (The Block)

• VanEck Launches Solana ETF as Grayscale's Dogecoin Fund Eyes Monday Debut (Cointelegraph)

• On Nov. 17, U.S. Bitcoin spot ETFs registered $255 million in net outflows.

• U.S. Ethereum spot ETFs also faced $183 million in net outflows on Nov. 17.

• On Nov. 17, U.S. Solana spot ETFs saw $8.26 million in net inflows.

• Bitcoin ETF Investors Underwater as BTC Slips Below $89.6K (Cointelegraph)

• Fidelity Launches Solana ETF With Staking, Joining Growing List of SOL Funds (The Block)

Infrastructure

• Vitalik Buterin Introduces Kohaku, Ethereum’s New Privacy Framework (The Block)

• OpenLedger Launches OPEN Mainnet to Enable Payable AI and Data Attribution (The Block)

• Cloudflare Outage Disrupts Major Crypto Sites and Social Media Access (Cointelegraph)

• Filecoin Launches Decentralized Cloud to Power Resilient Onchain Apps (The Block)

• Myriad Teams With Walrus to Store Prediction Market Data On-Chain (Decrypt)

• Ethereum Foundation Unveils 'Interop Layer' to Unify L2 Ecosystem (The Block)

• Revolut and Mastercard Tap Polygon for Crypto-Powered Payments (The Block)

• Ledger Under Fire as Pre-2018 Zcash Users Unable to Withdraw Funds (The Defiant)

Markets

• DappRadar Shutters After Seven Years, Token Crashes Amid Uncertain Future (Cointelegraph)

• Bitcoin Futures Discount Flashes Rare Signal as Market Eyes Bottom Formation (Cointelegraph)

• Coinbase Exec: $1T Crypto Crash Doesn’t Undermine Bitcoin’s Strong Core (Cointelegraph)

• Ethereum Slips Below $3K, But Analysts Say the Bull Market Isn’t Over Yet (Cointelegraph)

• Bitcoin Drops Below $90K, Hitting Seven-Month Low as Market Fragility Deepens (The Block)

• Mt. Gox Wallet Moves 10,422.6 BTC, Stirring Market Watchers (Arkham)

• XRP Market Labeled ‘Structurally Fragile’ as Over 40% of Supply Sits at a Loss (Cointelegraph)

• Crypto Stocks Tumble as Bitcoin Slips Below $90K Despite Strong Earnings (DL News)

• Libra Wallets Pull $4M, Plows $61.5M Into Solana Amid Fraud Probes (Cointelegraph)

Mining

• Bitfury Launches $1B Ethical Tech and AI Investment Initiative (Fortune)

• Canaan Shares Jump 18% on Revenue Surge, Mining Expansion, and Record BTC Holdings (The Block)

• Canaan Stock Jumps 16% on Q3 Revenue Surge Despite Bitcoin Slump (Decrypt)

Politics & Regulation

• SEC Omits Crypto From 2026 Exam Priorities Amid Trump-Era Deregulatory Shift (Cointelegraph)

• Brazil Eyes Taxing Crypto in Cross-Border Payments to Curb Loopholes (Reuters)

• Block Pushes for Tax Reform with ‘Bitcoin is Everyday Money’ Campaign (Business Wire)

• Russia’s FSB Arrests Man Accused of Sending Crypto to Ukraine’s Military (DL News)

Token Generation Events

• Monad Token Sale Starts Strong on Coinbase, Then Stalls Amid Investor Skepticism (The Block)

• Pantera-Backed aPriori Silent After Single Entity Claims 60% of Airdrop (Cointelegraph)

Treasuries & Reserves

• Republic Taps $100M Zero-Interest Deal to Expand Ether Holdings (Cointelegraph)

• KindlyMD Stock Nosedives Further Amid Earnings Delay and Massive Crypto Losses (Decrypt)

• Forward Industries Moves 1,887,962 SOL to Coinbase Prime (Arkham)

• El Salvador Adds Over 1,000 BTC in a Week, Boosting National Holdings to 7,474 (Bitcoin Office)

• Hyperliquid's $888M Treasury Merger Vote Delayed Two Weeks (The Block)

Venture Capital

• Obex Raises $37M to Launch Stablecoin Incubator Backed by Framework and Sky (CoinDesk)

• 0xbow Raises $3.5M to Expand Compliant Privacy Pools on Ethereum (The Defiant)

Other News

• Vitalik Buterin Calls Ethereum the Antithesis of FTX in Devconnect Speech (Decrypt)

• Institutions Unfazed by Bitcoin Core vs. Knots Feud, Says Galaxy Research Head (Cointelegraph)

• 2025’s Defining Crypto Moments: Institutional Adoption, Regulation, and Onchain Growth (Cointelegraph)

• Binance Denies Claims It Ignored Illicit Activity Linked to Sanctioned Cambodian Exchange (DL News)

• Andreessen-Backed SkySafe Will Pay You in Crypto to Track Drones (DL News)

• South Korea Targets $6.8B Crypto Smuggling Scandal With New Crackdown Team (DL News)

• Crypto Private Key Theft Becomes Organized Industry, Warns Galaxy’s GK8 (Cointelegraph)

• Crypto ATM CEO Charged in $10M Money Laundering Conspiracy (The Block)

Check This Out!

Between Q1 and Q3 2025, public companies collectively purchased 441,000 Bitcoin, highlighting growing institutional interest in the digital asset.

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