Canary Capital submitted an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday, seeking approval for an exchange-traded fund tied to MOG Coin, according to the filing. The submission represents the investment firm's first attempt to launch a fund tracking a memecoin. The ETF may hold up to 5% in Ether to cover transaction costs on the Ethereum network.

Chainlink has declined 30.1% from $22.58 to $15.77 since early October, despite over 63 million LINK tokens leaving exchanges in the past month. Recent price recoveries have triggered profit-taking by holders, suggesting weak bullish conviction and potential for further losses. The pattern indicates investors remain cautious despite ongoing institutional partnerships.

Polymarket has begun a limited beta release in the United States, allowing select participants to trade with live contracts. The platform settled a $1.4 million penalty with the CFTC in 2022 and has acquired QCX, a CFTC-approved exchange and clearinghouse, to support compliant U.S. operations.

Digital asset markets recovered after last week's decline, but QCP Capital analysts caution the rebound may lack durability. The Singapore-based firm cited ongoing headwinds including government operations disruption, U.S.-China trade tensions, and credit market instability as factors that could cap sustained gains.

Ethereum's Fusaka upgrade will launch in early December, Ethereum's official channels announced on November 12. The update introduces distributed blob storage, enabling nodes to store only one-eighth of blob data instead of full datasets. The upgrade aims to lower transaction costs for Layer 2 networks while reducing hardware demands for node operators.

Social engagement metrics for XRP have risen sharply in recent days, data show. The uptick coincides with Canary Capital's submission of a Form 8-A to the U.S. SEC, a registration step preceding potential Nasdaq listing. XRP traded near $2.35 as discussion volume increased across multiple platforms.

Sui Network will launch USDsui, a native stablecoin, in 2025 through Bridge, a Stripe subsidiary. The stablecoin will integrate with Sui's wallets, DeFi protocols, and major platforms to enhance liquidity and cross-platform interoperability. The development connects Sui's blockchain infrastructure with traditional payment systems.

The Senate Agriculture Committee and Senate Banking Committee have each published separate draft bills outlining rival regulatory frameworks for digital assets. The Agriculture draft would expand CFTC authority over digital commodities and spot markets, requiring intermediaries to register as exchanges or brokers. The Banking draft introduces an SEC-supervised "ancillary assets" category and establishes a pathway for tokens to exit securities classification once decentralization criteria are met.