Author: James Wilson

U.S. spot Bitcoin ETFs have recorded their fourth consecutive week of net outflows in November, with $3.7 billion withdrawn so far. Will this continued exodus keep suppressing the price of the leading cryptocurrency as we head into December? Summary U.S. Bitcoin ETFs have shed $3.57 billion since the start of November. Bitcoin is down 31% from its all-time high hit in October. Technical indicators remained bearish for the bellwether asset. According to data from SoSoValue, the 12 spot Bitcoin ETFs have recorded $22.45 million in net outflows so far this week, following three consecutive weeks of outflows exceeding $1.1 billion…

The CFTC is forming the CEO Innovation Council to guide crypto and prediction market policy. Selig is nominated for chair as a leadership change looms. Summary The CFTC’s CEO Innovation Council will accept senior executive nominations until Dec. 8 to advise on digital assets and market structure. Current acting chair Pham stresses industry leadership while Trump’s SEC pick, Selig, awaits Senate confirmation as CFTC chair. Selig advocates strong regulatory presence for digital asset commodities amid heightened CFTC-SEC jurisdiction debates. The U.S. Commodity Futures Trading Commission has opened nominations for a new advisory body focused on cryptocurrency assets and prediction markets,…

World Liberty Financial price bounced sharply after breaking out of a month-long triangle amid a surge of on-chain buyback activity. Summary WLFI traded is up 8% following a clean breakout from a month-long triangle. On-chain data shows roughly $10 million in USD1 spent on buybacks, lifting price toward the top of its weekly range. Rising volume, open interest, and improving momentum indicators paint a more bullish short-term outlook. World Liberty Financial’s token traded at $0.171 at press time, up 8% in the last 24 hours. The move placed WLFI near the upper end of its weekly range between $0.117 and…

Banking giant U.S. Bancorp has been actively testing stablecoins over the past months and has tapped the Stellar blockchain as a part of the plan. Summary U.S. Bancorp is piloting stablecoin payments and custody services on the Stellar blockchain amid renewed interest in digital assets. Other major U.S. banks, including Citi, Goldman Sachs, and Bank of America, have also started exploring stablecoin initiatives. U.S. Bancorp, which operates as U.S. Bank, is experimenting with transactions on the Stellar blockchain as the bank views stablecoins as “another way to move money on a blockchain,” Mike Villano, senior vice president and head of…

Texas acquired $5M of BlackRock’s iShares Bitcoin Trust, marking a pioneering step toward creating the first state-level bitcoin reserve in the U.S. Summary Texas has purchased $5 million of BlackRock’s iShares Bitcoin Trust as part of a $10 million legislated bitcoin reserve initiative. The state is finalizing guidelines and custodian selection for direct bitcoin holdings; the current move is a temporary allocation. Other states like Michigan, Wisconsin, New Hampshire, and Arizona are also exploring or implementing government-level crypto reserves. Texas has acquired $5 million in shares of BlackRock’s iShares Bitcoin Trust, marking an initial step toward establishing a state-level bitcoin…

Monad’s first week on mainnet hasn’t been entirely smooth, with users now reporting spoofed ERC-20 token transfers after mainnet launch. Summary Monad users reported spoofed ERC-20 transfers shortly after MON debut. The fake transfers don’t move funds but are crafted to look legitimate, a common scam tactic on new EVM chains. No assets have been reported lost, and the network continues to see strong demand following MON airdrop. Reports regarding widespread spoofing incidents began circulating on Tuesday, Nov. 25, a day after the mainnet debut. Monad co-founder and chief technology officer James Hunsaker warned on X that scammers were broadcasting…

Kevin Hassett is the top contender for Federal Reserve chair under Trump, with his ties to Coinbase stirring debate about conflicts of interest. Summary Kevin Hassett, trusted by Trump and favoring rate cuts, is the front-runner for Fed chair as Powell’s term nears its end. Hassett owns over $1 million in Coinbase stock and served on its advisory council, raising potential conflict of interest concerns. Treasury’s review included other candidates; Trump likely to announce decision before Christmas, with Senate confirmation to follow. Kevin Hassett has emerged as the leading candidate for Federal Reserve chair in President Donald Trump’s selection process,…

The South African Reserve Bank warns that booming local crypto and stablecoin use, paired with regulation gaps, could threaten financial stability. Summary Nearly eight million South Africans now use crypto, with exchanges holding $1.5 billion in assets. Stablecoins have overtaken bitcoin as the primary trading pair due to lower volatility. Regulators warn that the lack of framework for global stablecoins poses growing systemic risks. The South African Reserve Bank has identified cryptocurrency assets and stablecoins as a material financial stability risk, according to the central bank’s second Financial Stability Review of 2025. The assessment cited rapid growth in domestic adoption…

A key exchange-traded fund filing has given SOL a timely boost, setting the stage for what analysts say could be an important shift. Summary Form 8-A places the Franklin Templeton Solana ETF in its final stage before listing on NYSE Arca. The ETF will offer spot exposure backed by actual SOL holdings and use the CF Benchmarks Solana Index. Launch momentum mirrors the strong inflows seen across newly listed Solana ETFs, which have topped $560M since October. Franklin Templeton has taken a step that could shift attention back to Solana at a moment when demand for altcoin ETFs is quietly…

MegaETH has run into problems that forced the team to pull back from an expansion of its token sale. Summary A misconfigured multisig and overloaded KYC APIs were some of the issues that caused repeated failures during launch. Rate-limits on Sonar’s infrastructure contributed to the breakdown. No funds were at risk, but the user experience failed, prompting MegaETH to pause expansion. According to a Nov. 25 series of posts on X, MegaETH said it is no longer pursuing its plan to increase its pre-deposit cap from $250 million to $1 billion after a string of technical issues disrupted the event. …