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According to Glassnode, trading volume in stock perpetual futures on Hyperliquid has once again surpassed BTC volume. Glassnode said that despite persistent weakness in both U.S. stocks and Bitcoin prices over the past several weeks, crypto-native traders appear to be favoring stock products from a buy-the-dip perspective. It added that the stock-to-BTC volume ratio on Hyperliquid last peaked in August this year, when BTC was nearing a short-term bottom before staging a strong breakout rally.

The Ethereum Foundation sold 1,000 ETH worth $2.13 million after 14 days, according to ai_9684xtpa. ai_9684xtpa added that the foundation sold 2,785 ETH on Oct. 26 and currently holds 24,000 ETH worth $51.46 million.

The U.S. Internal Revenue Service has recently been sending Letter 6174, a tax-reporting guidance notice, to cryptocurrency investors on a large scale, Bitcoin.com reported. Clinton Donnelly, CEO of crypto tax service provider Cryptotaxaudit, said dozens of people, including his clients, had reached out after receiving the notice, adding the IRS may be pressuring recipients to review past tax filings and make any needed corrections. Donnelly also said receiving the letter alone does not mean a tax law violation and urged investors not to file amended returns or submit materials to the IRS before fully understanding their filing status.

Ark Invest, led by Cathie Wood, sold 64,295 shares of its spot Bitcoin ETF ARKB and 49,767 shares of cryptocurrency exchange Bullish (BLSH) on Nov. 9, according to the source. Based on the closing price that day, the sales were worth about $1.59 million and $1.13 million, respectively.

NYSE-listed crypto payment infrastructure firm Bakkt has set a target of $6 billion in platform transaction volume for the first half of 2027, CoinPost reported. That is double its full-year 2026 target of $3 billion. Bakkt’s platform transaction volume totaled $147.9 million in the third quarter of this year, and the company plans to disclose monthly results starting in December. Third-quarter revenue fell 62.9% from a year earlier to $149.2 million. Net profit came to $14.3 million, returning to the black, although the figure included a $26.8 million non-cash valuation gain tied to Transchem stock warrants.

Trump Media & Technology Group, the media company owned by the family of U.S. President Donald Trump, said it posted net profit of $409.7 million in the third quarter of 2026. The profit reflects $496.1 million in combined realized gains and valuation gains on assets including cryptocurrencies and stocks, minus derivative losses of $54 million and other items. On an adjusted EBITDA basis, however, the company posted a loss of $12.3 million. Third-quarter revenue was $3 million, up 205% from a year earlier. As of Sept. 30, total assets stood at $2.5 billion, including about $2.3 billion in financial assets such as cash and cryptocurrencies. TMTG said it plans to improve its digital asset management approach to manage risks tied to crypto price volatility while maintaining a long-term holding strategy. As of Sept. 30, TMTG held 15,649 BTC worth $1.3078 billion and 756.08 million CRO worth $50.3 million.

The combined market capitalization of Ethereum-based stablecoins and tokenized funds fell 19% over seven months after the Kelp DAO hack in April caused about $292 million in losses, according to blockchain data platform Token Terminal. Token Terminal said the combined market cap of the two asset classes shrank to $168.3 billion as of Nov. 8 from about $206.7 billion on April 18, the date of the Kelp DAO hack. Stablecoin market capitalization fell to $153.3 billion from $182.0 billion, while tokenized fund market capitalization dropped to $15.0 billion from $25.1 billion.

Japan’s Financial Services Agency urged caution when dealing with unregistered cryptocurrency exchanges and other financial firms, saying it has received numerous reports of harm including refused withdrawals, excessive withdrawal fees and sudden loss of contact with operators. The agency said on its website today that firms offering crypto trading services to Japan residents must register under domestic law. It added authorities cannot verify whether unregistered firms have proper investor protection systems in place, including segregated custody of client assets, bans on misleading advertising and security controls. As of Sept. 30, 27 cryptocurrency exchanges were formally registered in Japan.

RWA platform Ondo Finance (ONDO) said it plans to launch a tokenized product on the day of Anthropic’s initial public offering to provide onchain investment access. Matthieu de Vergnes, Ondo Finance’s head of institutional business, said the company had previously provided onchain investment access during the SpaceX IPO and plans to apply the same model to Anthropic. He said even Southeast Asian investors without U.S. brokerage accounts would be able to invest in Anthropic shares on the IPO day with only a wallet and internet access, adding that this is central to the financial access Ondo Finance aims to provide.

NHN said it is concentrating group-wide business capabilities to prepare for a future payments environment centered on digital assets and stablecoins. During its third-quarter 2026 earnings conference call on Nov. 10, NHN said it is preparing a stablecoin business to respond proactively to a future payments environment centered on AI and digital assets. The company added that payments subsidiary NHN KCP is strengthening cooperation with the global technology ecosystem by joining Google’s standard agent payment protocol, "AP2," and the Agentic AI Foundation, or AAIF, under the Linux Foundation. In that context, NHN CEO Chung Woo-jin said the company aims to firmly establish itself as a market-leading player in businesses that could become future growth drivers, including stablecoins and AI agent payments.

Taiwanese singer Jeffrey Huang, known as Machi Big Brother, has effectively wrapped up an 18-month Ethereum long-trading run, EmberCN reported. Since May 2025, Huang had opened high-leverage long positions on Hyperliquid almost daily, posting cumulative losses of $37.46 million. Yesterday morning, Huang also sold six BAYC NFTs to cover collateral after a forced liquidation. Huang has meanwhile deposited the remaining funds into perpetual futures DEX Papertrade.

Nasdaq-listed Canadian crypto miner Hive Digital Technologies (HIVE) mined 1,070 BTC in the third quarter, up 49% from 718 BTC a year earlier, while mining revenue fell 7.4% to $76 million, Cointelegraph reported. The report said the average BTC price declined to $71,003 from $114,382, and power costs rose to $45.6 million from $37.9 million.

Canada’s government has unveiled a budget bill that would bar federally regulated financial institutions from issuing cryptocurrencies directly and require stablecoins to be issued only through separate non-financial subsidiaries subject to stablecoin-law regulation. Under the budget bill announced on Nov. 5, local time, issued cryptocurrencies would be required to include reserve safeguards such as par-value redemption and segregated assets, while remaining outside public deposit insurance and government guarantee programs. The Bank of Canada would handle issuer registration as well as oversight and enforcement of regulatory compliance. Meanwhile, the stablecoin regulatory framework is expected to take effect next fall.

Crypto venture capital firm Strobe Fund deposited 51.95 million ENA worth $8.05 million to Coinbase two hours ago, EmberCN reported. Exchange deposits are typically interpreted as being intended for selling. Strobe Fund was allocated 142.9 million ENA through an investment two years ago and currently holds 50 million ENA worth $7.67 million. So far, the fund has sold 93 million ENA and realized $25.41 million in profit.

CoinMarketCap’s altcoin season index came in at 38, down seven points from yesterday. The index compares the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens. An altcoin season is identified when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 indicates a stronger altcoin season.

Google has added a licensing-exemption category to its registration standards for cryptocurrency exchange and wallet apps, Digital Asset reported. According to Google Play developer policy documents, the company in October introduced a separate reporting route for apps that do not require licenses under local law and expanded the scope of recognized business licenses in Hong Kong and the United Arab Emirates. South Korea’s licensing standards, however, were unchanged. For operators seeking to distribute digital asset exchange or wallet apps in South Korea, the registration requirements for virtual asset service providers under the Financial Intelligence Unit still apply.

Former U.S. House Financial Services Committee Chairman Patrick McHenry said the cryptocurrency industry needs to build durable political influence to guard against potential regulatory reversals, according to Crypto Briefing. McHenry said ongoing support from Congress is the key safeguard against a return to strict regulation like that seen under Gary Gensler.

David Katz, vice president of strategy and policy for Circle Asia Pacific, said tokenized real-world assets such as stocks and bonds traded in local markets could increase demand for stablecoins tied to those countries’ currencies, The Herald Business reported from a panel at the inaugural World Digital Asset Forum in Seoul. Katz also said agentic commerce, in which AI agents trade independently, is likely to boost demand for non-dollar stablecoins. He described South Korea’s digital asset trading environment as among the world’s most robust and said the level of energy around digital assets in Seoul stands up against anywhere in the world. At the same time, Katz stressed that while Bitcoin’s market capitalization has reached $1.5 trillion, it remains small relative to the real economy, adding that South Korea’s bigger opportunity lies in the real economy.

CoinMarketCap’s in-house Crypto Fear and Greed Index came in at 29, unchanged from yesterday, indicating that the market remained in the fear zone. The index signals extreme fear as it approaches zero and extreme optimism as it moves closer to 100. CoinMarketCap calculates the gauge based on price movements in the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market data such as put-to-call ratios, the Stablecoin Supply Ratio (SSR), and CoinMarketCap’s own search data.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the Volume Heatmap, while the lower section shows cumulative volume delta, or CVD. - The upper Volume Heatmap tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for a longer period or moves sharply. Brighter zones may act as support or resistance. - The lower CVD indicator reflects buy and sell orders by fund size. As buy orders increase, the line in the corresponding color moves higher. The yellow line is based on orders worth $100 to $1,000, while the brown line is based on large orders worth $1 million to $10 million.

Bitcoin miner BitFuFu bought an additional 66 BTC, according to Bitcoin Treasuries. The company now holds 1,454 BTC, ranking 38th among publicly listed companies by Bitcoin holdings.

Altcoin trading volume, which had surged to as much as four times Bitcoin volume through September, has returned to normal levels, according to Glassnode. The firm said spikes in altcoin volume have often coincided with short-term market tops, adding that this time altcoin volume peaked when BTC was near $87,000.

Strategy said on X that its current U.S. dollar cash holdings are enough to cover annual interest and dividend payments for more than three years. The company said that as of late May, its dollar holdings had been sufficient to cover those annual interest and dividend payments for six months, but have since surged. Strategy had previously announced it bought 1,037 BTC worth $81.9 million last week. It also said it repurchased $188.3 million of its STRC preferred shares and increased its cash holdings to $146 million.

Ben Werkman, chief investment officer at Strive (ASST), said Bitcoin treasury companies, or DATs, use three main funding tools: equity offerings, credit instruments such as preferred stock and bonds, and share buybacks. In a post on X, Werkman said these companies typically raise funds through common stock issuance and buy BTC when their shares trade above the value of the Bitcoin they hold. To avoid diluting existing shareholders, they can also issue credit products in the form of preferred stock or bonds to fund BTC purchases, he said. When shares are undervalued or excess cash is available, companies can boost per-share value through buybacks, according to Werkman. Werkman said long-term shareholder value can rise when companies maintain a balanced approach across the three methods: equity issuance that takes advantage of a share-price premium, greater leverage through bonds and preferred stock, and share repurchases.

Tokenization platform Securitize (SECZ) has agreed to acquire River One, an institutional asset-backed finance platform, The Block reported. Through the deal, Securitize plans to add asset-backed lending to its tokenization platform. The acquisition is expected to close by the end of this year, although the purchase price was not disclosed. Separately, Securitize posted third-quarter revenue of $18.6 million, up 13% from a year earlier, while net loss came to $66.3 million. Asset tokens on the platform rose 39% to $5 billion.