Dromos Labs launched Aero, a unified liquidity hub connecting Aerodrome on Base with Velodrome on Optimism, with plans to expand to Ethereum mainnet and Circle's Arc blockchain. The company also released MetaDEX 03, an operating system designed to enhance cross-chain functionality and boost liquidity provider revenue through dual AER and REV engines. Aero is scheduled to launch in Q2 2026, merging AERO and VERO tokens into a single asset with an initial distribution of 94.5% to AERO holders and 5.5% to VELO holders.

The global cryptocurrency market lost $140 billion in capitalization between 2:00 PM and 7:00 PM UTC on Wednesday, with total market value falling from $3.54 trillion to $3.40 trillion, according to CoinMarketCap. Bitcoin declined 1.83% to approximately $101,265, while Ethereum dropped 1.64% to $3,397.55. XRP recorded the steepest decline among major altcoins, falling 3.98% to $2.33.

Bolivia completed a pilot program using Solana blockchain technology to tokenize photographed paper ballot counts during its presidential election in October. The TuVotoSeguro initiative recorded vote tallies on a public ledger in NFT format, enabling independent verification of official counts. The system targeted vulnerabilities identified in Bolivia's contested 2019 election, when allegations emerged regarding alterations to vote tallies during transport from polling stations to central counting facilities.

Bitwise Chief Investment Officer Matt Hougan expects regulated Initial Coin Offerings to drive the cryptocurrency market's next growth phase. Hougan highlighted Coinbase's November 10 launch of a token sale platform as a turning point that could transform blockchain fundraising through strict compliance standards. He projected that by 2026, multiple billion-dollar ICOs will occur through similar platforms, positioning them as alternatives to traditional IPOs.

Decentralized exchange Hyperliquid halted deposits and withdrawals on November 12, 2025, after a trader's leveraged positions on memecoin POPCAT triggered approximately $25 million in liquidations across 19 wallets. The platform's liquidity vault absorbed roughly $5 million in bad debt. The incident marked the second major manipulation event on the exchange in 2025.

The U.S. Senate passed a funding package on November 12 to reopen federal agencies, clearing the path for the Securities and Exchange Commission to resume processing more than 130 pending crypto ETF applications. Industry analysts expect spot XRP ETFs to receive approval this month, with Canary Funds positioned as a potential first mover following its November 11 Form 8-A filing with the SEC. Market observers noted institutional inflows continued despite the regulatory pause, with capital flows entering a holding pattern during the shutdown.

Sui launched USDsui, a native stablecoin built on Bridge's Open Issuance platform, on November 12. The move aims to retain stablecoin revenues within Sui's ecosystem rather than directing them to external issuers. Bridge, acquired by Stripe for $1.1 billion in February 2025, provides the enterprise infrastructure powering USDsui.

Bitmine Immersion Tech acquired 110,288 ETH for approximately $384 million, raising its total holdings to 3.5 million tokens valued at $12.21 billion. Ethereum's supply on centralized exchanges fell below 10% for the first time, dropping beneath Bitcoin's 11% exchange balance. The ETH/BTC pair continues to face rejection at long-term resistance extending from 2021, while weekly momentum indicators have turned bearish.