Nasdaq-listed Leap Therapeutics has rebranded as Cypherpunk Technologies and deployed $50 million to acquire 203,775.27 ZEC at an average price of $245.37, according to a company disclosure. The company will begin trading under the ticker CYPH on November 13, 2025. ZEC has declined 33% over two days from its $713 peak, despite the acquisition representing a 93% unrealized gain.

Securities and Exchange Commission Chair Paul Atkins outlined plans for a token taxonomy framework rooted in the Howey Test during remarks at the Federal Reserve Bank of Philadelphia's Fintech Conference on Wednesday. The initiative aims to establish clear distinctions regarding which digital assets qualify as securities. Atkins emphasized that tokens' regulatory status may evolve as networks mature and issuer involvement diminishes.

Block has activated Bitcoin Lightning Network payment processing across its Square merchant network, enabling approximately 4 million sellers to accept cryptocurrency transactions at point-of-sale. Merchants can choose to settle in Bitcoin or convert to dollars automatically, with 0% processing fees through 2027 and 1% thereafter. The fee structure sits below the typical 1.5–3% card processing costs while eliminating chargeback risk and providing instant settlement.

XRP recorded an extreme liquidation event with short positions accounting for $690,370 in forced closures compared to $11,320 from long positions, creating a 5,999% imbalance. The total liquidation reached $701,690 within a four-hour period as the price moved to $2.45, according to CoinGlass data.

Visa announced a pilot program on November 12, 2025 enabling businesses to send payments directly to stablecoin wallets. The initiative targets freelancers, gig workers, and online creators, delivering funds in USDC and other dollar-backed stablecoins. The program aims to accelerate cross-border transactions by eliminating traditional banking intermediaries.

Circle Internet Group, issuer of the USDC stablecoin, reported net income of $214 million for the third quarter on Wednesday, a 202% increase from the same period last year. Earnings per share reached $0.64, well above the analyst consensus of $0.22. Total revenue and reserve income doubled to $740 million, driven by interest on reserves and expanding adoption across payment networks.

Morgan Stanley Wealth Management has issued a cautious outlook on Bitcoin, with strategist Denny Galindo describing the current market phase as a "fall season" where investors should consider harvesting gains. Bitcoin recently dropped below $99,000 and its 365-day moving average, signaling weakening momentum. Long-term holders have increased selling to 104,000 BTC per month, the highest since mid-July.

California-based Auradine has released its next-generation Teraflux bitcoin mining hardware, achieving energy efficiency as low as 9.8 joules per terahash in select configurations. The new lineup includes air-cooled, hydro-cooled, and immersion-cooled models designed for large-scale mining operations. Initial samples are scheduled for Q2 2026, with volume shipments planned for Q3 2026.