🚀 XRP ETF Breaks Records, Cash App Eyes Stablecoins

Good afternoon,

Happy Friday! Let’s jump right in. XRP’s new ETF set a 2025 record with a $250 million debut, while Cash App plans to roll out stablecoin payments in the near future. Meanwhile, U.S. accounting boards and banking regulators are taking steps toward greater clarity, as the FASB considers new rules for crypto transfers and the FDIC explores tokenized deposit insurance guidance.

Check out the rest of Friday’s news below! 👇

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News Roundup

Artificial Intelligence

• Research Finds Longer AI “Thinking” Makes Safety Weaker, Not Stronger (Decrypt)

• Anthropic Says China-Backed Hackers Used AI to Power First Large-Scale Cyberattack (Decrypt)

• DeepMind Unveils SIMA 2, a More Human-Like AI Agent for 3D Worlds (Decrypt)

• Judge Lets Musk’s Antitrust Case Against Apple and OpenAI Move Forward (Decrypt)

• “‘Demonic’: AI App to ‘Talk’ to Dead Loved Ones Sparks Fierce Backlash” (Decrypt)

Decentralized, Centralized, & Traditional Finance

• mXRP Expands to BNB Chain Through Lista DAO Integration (The Block)

• BNY Mellon Launches Money Market Fund for Stablecoin Reserve Holdings (Cointelegraph)

• DerivaDEX Becomes First DAO-Run Derivatives Protocol Licensed in Bermuda (The Block)

• Ant-Backed R25 Launches Yield-Bearing RWA Stablecoin on Polygon (The Block)

• Cash App to Add Stablecoin Payments ‘Soon’ (Cointelegraph)

• MoonPay Unveils Enterprise Stablecoin Suite With M0 (Cointelegraph)

• WBTC Launches on Hedera, Bringing Bitcoin Liquidity to New DeFi Rails (Cointelegraph)

• Threshold Upgrades tBTC Bridge to Attract Institutional Bitcoin Into DeFi (Cointelegraph)

• Ark Invest Scoops Up Circle, BitMine, and Bullish Shares Amid Market Dip (The Block)

• Coinbase Blasts Bank Lobby Push to Ban Stablecoin Payment Rewards (Cointelegraph)

• Aave Wins MiCA Approval, Launches Zero-Fee Stablecoin Ramps Across Europe (Cointelegraph)

• Community Bankers Urge OCC to Block Sony’s Stablecoin Bank Charter (Decrypt)

• Alibaba Weighs Deposit Token as China Tightens Stablecoin Crackdown (Cointelegraph)

• BlackRock’s $2.5B BUIDL Fund Expands to Binance and BNB Chain (Decrypt)

• FASB Weighs New Rules for Crypto Asset Transfer Accounting (Bloomberg)

• BOE Still ‘Disproportionately Cautious’ on Stablecoins, Industry Says (Cointelegraph)

Exchanges

• Kraken Says It Isn’t Rushing Toward a US IPO (Cointelgraph)

• Uniswap Launches Continuous Clearing Auctions for Fairer Token Markets (The Block)

Exchange-Traded Funds

• U.S. Bitcoin spot ETFs posted $870 million in net outflows on Nov. 13.

• On Nov. 13, U.S. Ethereum spot ETFs saw $260 million in net outflows.

• U.S. Solana spot ETFs recorded $1.49 million in net inflows on Nov. 13.

• XRP ETF Smashes 2025 Records With $250M Debut—More Launches on Deck (DL News)

• SEC Guidance May Fast-Track Delayed Crypto ETFs (Eric Balchunas)

• Canary Likely to Pause New ETF Filings, Awaits SEC Shift (CoinDesk)

Markets

• Zcash Spikes as Winklevoss-Backed Cypherpunk Unveils $100M ZEC Treasury (The Defiant)

• Bitcoin Derivatives Recovery May Take Until Q2 2026 (Decrypt)

• Retail Sentiment Turns Bearish, but On-Chain Data Points to Short-Term Bottom for BTC, ETH, XRP (CoinDesk)

• Crypto Hits ‘Extreme Fear’ as Bitcoin Nears One-Year Lows vs. Gold (Cointelegraph)

• Kalshi Picks Coinbase Custody to Secure USDC for Regulated Prediction Markets (Coinbase)

• Telcoin Soars 75% After Winning Nebraska Crypto Bank Charter (DL News)

• Ether Whale Scoops Up $1.3B in ETH as Traders Eye Possible $4K Rebound (Cointelegraph)

• Traders Turn Bearish on ETH and SOL as Gold Gains Edge in Myriad Prediction Markets (Decrypt)

• Wintermute Flags Bitcoin–Nasdaq Correlation Weakness as Potential Bottom Signal (Wintermute)

• Specter Analyst Alleges BTX Capital Manipulated POPCAT on Hyperliquid

• Cosmos Projects Face Wave of Shutdowns Amid Revenue and Developer Declines (y_cryptoanalyst)

• Crypto Bulls Get Rekt as Ethereum, XRP Fall Harder Than Bitcoin (Decrypt)

• Ether Slides 8% as ETFs Bleed $1.4B and Long-Term Holders Accelerate Selling (CoinDesk)

Mining

• Bitfarms Stock Sinks as Miner Reports $46M Loss and Unveils AI/HPC Pivot at Washington Site (The Block)

• Bitcoin Miners Lead Steep Crypto Stock Selloff as BTC Falls Below $99K (Decrypt)

• Trump Brothers' American Bitcoin Whipsaws Amid Q3 Results and BTC Reserve Boost (The Block)

Politics & Regulation

• South Korea Delays Bitcoin Treasury Rules, Leaving Exchanges and Corporations in Limbo (DL News)

• FDIC Signals Move Toward Tokenized Deposit Insurance Guidance (Bloomberg)

• EU Moves to Centralize Crypto Oversight Under ESMA (Bloomberg)

Treasuries

• Solana DAT Upexi Launches $50M Stock Buyback to Boost Treasury Valuation (The Block)

• CleanCore Stock Hits 2025 Low as Dogecoin Treasury Losses Deepen (The Block)

• BTCS Posts Record Q3 Revenue as DAT and DeFi Strategy Drives Profitability (The Block)

• BitMine Names New CEO as $11B Ethereum Treasury Slides (Decrypt)

Venture Capital

• Acurast Raises $11M to Turn Smartphones Into Confidential Compute Nodes (Cointelegraph)

Other News

• U.S. Attorney’s Office (Southern District of Georgia) Seizes $1.18M in Crypto in $100M Global Fraud Probe (DOJ)

• Miami Conference Spotlights Electroneum as Low-Energy Blockchain for Sustainable Web3 (Cointelegraph)

• Prosecutors Continue to Pursue Tornado Cash Developer Roman Storm Despite DOJ Guidance (DL News)

• Last U.S. Penny Minted Highlights Fiat’s Decline (Cointelegraph)

• Epstein Emails Reveal Brock Pierce’s Bitcoin Meeting With Larry Summers (Decrypt)

• Blue Origin Nails First Ocean Landing of New Glenn Booster After Mars Launch (Decrypt)

• Chrome’s #4 “Ethereum Wallet” Is a Seed-Phrase Stealing Malware, Researchers Warn (Cointelegraph)

• Bitcoin and Ethereum Split Into ‘Two Monetary Universes,’ New Data Shows (Cointelegraph)

• Chainalysis: Pig-Butchering Scams Now a National Security Threat (Cointelegraph)

• Detroit Man Jailed for 9 Years Over Bitcoin Donations Intended for ISIS (Decrypt)

• Crypto Investment Firm Founder Gets 5 Years for $9.4M Ponzi Scheme (DOJ)

• CFO Convicted After Losing $35 Million in Company Funds on Crypto Gamble (The Block)

• Epstein Feared Crypto Tax Crackdown, Sought Bannon’s Help, Emails Reveal (Decrypt)

Check This Out!

October set new records for prediction markets with $8.5 billion in volume and about 478,000 traders, as Polymarket and Kalshi tightened their race with nearly equal activity. Polymarket’s U.S. return and upcoming POLY airdrop are boosting momentum, while Kalshi leads in volume and transactions thanks to sports-heavy markets and its Robinhood integration.

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