Crypto

The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S.

U.S. Bank joins the growing list of traditional banking institutions working on stablecoins, testing its own on the Stellar blockchain.

Timechain Index founder Sani reported 87,464 BTC flowing out of institution-tagged wallets between Nov. 21 and Nov. 22, adding that he hadn’t seen such movement in months. The raw data showed over 15,000 BTC leaving tracked cohorts on Nov. 21 alone, the largest single-day outflow since June 26. Yet, as Sani clarified in a note, […] The post Custody shuffle continues as 87,464 more Bitcoin leaves institution-tagged wallets in 24 hours appeared first on CryptoSlate.

Crypto payments firm MoonPay has gained regulatory approval in New York to safeguard customers’ digital assets and facilitate OTC trades.

Kraken unveiled a Bitcoin rewards Mastercard debit card that links to its peer-to-peer payments app, Krak.

The bank cited increasing trading volume and the number of users among large exchanges, as well as gaps in South Africa’s regulatory framework on crypto. The South African Reserve Bank issued its second financial stability report for 2025, identifying digital assets and stablecoins as a new risk as the number of users in the country continues to grow. In a report released on Tuesday, South Africa’s central bank identified “crypto assets and stablecoins” as a new risk for technology-enabled financial innovation. The bank reported that the number of combined users on the country’s three largest crypto exchanges reached 7.8 million as of July, with about $1.5 billion held in custody at the end of 2024. “Due to their exclusively digital – and therefore borderless – nature, crypto assets can be used to circumvent the provisions of the Exchange Control Regulations,” said the report, referring to regulations to control the inflows and outflows of funds to South Africa. Read more

The BTC correction has extended the drawdown from its all-time high to 36%, making it the largest in this cycle, both in percentage and in the scale of long liquidations.

Halving math, shielded growth and NU6.1 governance turned Zcash from a low-profile relic into November’s most-searched crypto. Zcash surged more than 10x within weeks, briefly returning to large-cap territory with a valuation above $10 billion. On Coinbase, ZEC became the most-searched asset in mid-November, surpassing both Bitcoin and XRP. The rally is supported by several real shifts: the 2024 halving, rising shielded balances and the NU6.1 holder-controlled funding model. Read more

The addition of Fordefi’s MPC wallet infrastructure broadens Paxos’ regulated capabilities for custody, tokenization and institutional onchain operations. Blockchain infrastructure company Paxos has acquired Fordefi, a New York-based institutional crypto wallet and custody technology startup. Paxos said the deal brings its regulated custody infrastructure together with Fordefi’s multi-party computation (MPC) wallet technology and decentralized finance integrations, providing institutions with a single platform to issue stablecoins, tokenize assets, and manage onchain transactions. While transaction terms were not disclosed in today’s announcement, a Paxos spokesperson told Fortune the deal was worth more than $100 million. Read more

The popular prediction market says it now has permission to directly onboard U.S. customers, brokerages, and market intermediaries.

Is SUI gearing up for a pump above $4?

Stellar breaks through critical $0.2460 level as institutional flows drive measured accumulation above seven-day averages.

Bitcoin treasury Metaplanet has announced a new plan to buy more BTC: Use its holdings as collateral to take a $130 million loan.

The approval came as the US Senate is expected to soon vote on prospective CFTC Chair Michael Selig as a replacement for acting chair Caroline Pham. Prediction platform Polymarket has received regulatory approval from the US Commodity Futures Trading Commission to operate an intermediated trading platform. In a Tuesday notice, Polymarket said the CFTC issued an Amended Order of Designation, which will allow the company to “operate an intermediated trading platform subject to the full set of requirements applicable to federally regulated US exchanges.” According to Polymarket, the approval will result in the platform onboarding brokerages and customers directly and facilitating trading on US venues. “This approval allows us to operate in a way that reflects the maturity and transparency that the US regulatory framework demands,” said Polymarket founder and CEO Shayne Coplan. Read more

Acting Chairman Caroline Pham said the group will help usher in a new era of market structure, including a focus on digital assets.

Negative Bitcoin funding rates and large short liquidity zones could be a sign that a short-squeeze to $90,000 and higher could be on the cards. Bitcoin’s (BTC) recovery from last week’s deep correction is beginning to solidify, with the price pushing back toward the $87,000 to $90,000 zone after sliding from $106,000 to $80,600 in just 10 days. The rebound has revived discussions about whether BTC has reached a local bottom, even as a key whale cohort continued to offload its supply. Key takeaways: Read more

LunarCrush data indicate XRP social activity has risen with U.S.-listed ETFs from Bitwise, Grayscale, Rex Osprey, and Teucrium now trading, tying higher mentions and engagement to product launches even as Galaxy Score and sentiment readings remain choppy. The post From Grayscale ETFs to Federal Bank Chatter: LunarCrush Shows How News Triggers Sentiment Swings in XRP appeared first on Cryptonews.

The strong price action occurred on below-average volume.

The nation's fifth-largest commercial bank explores how a bank can issue stablecoins on a public blockchain.

Current fair value sits near $99,000, framing a potential recovery target in the $96,000–$99,000 zone if sentiment and liquidity improve.