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.

Arthur Hayes, co-founder of BitMEX, acquired 28,670 Uniswap (UNI) tokens valued at approximately $244,000, marking his first decentralized finance investment in three years. The purchase came as UNI's price surged over 21% past $10, driven by community interest in Uniswap's Unification proposal. The proposal includes protocol fee activation, a token burn mechanism, and ecosystem incentive distribution.

Michael Selig, President Donald Trump's nominee for CFTC chairman, will appear before the Senate Agriculture Committee on November 19. The agency has operated with a single commissioner, Caroline Pham, since September; Pham plans to resign once a new chair is confirmed. Senators are expected to examine Selig's positions on crypto enforcement, asset classification standards, and coordination with the SEC.

Strive Asset Management purchased 1,567 BTC for approximately $162 million, bringing its total holdings to 7,525 BTC. The acquisition positions Strive ahead of Galaxy Digital, which holds 6,894 BTC, according to BitcoinTreasuries.net. The purchase was funded through a perpetual preferred stock IPO priced at $80 per share.

The Senate Agriculture Committee released a bipartisan draft bill granting the CFTC expanded regulatory authority over digital commodities including Bitcoin and Ether. Senate Agriculture Chair John Boozman and Sen. Cory Booker introduced the proposal after months of negotiations. The bill would require digital commodity exchanges to register with the CFTC and comply with standards covering custody, trading transparency, auditing, and cybersecurity.

Ethereum network fees reached a historic low of 0.067 Gwei, according to Etherscan data. Token swaps now cost $0.11, NFT sales $0.19, and cross-chain bridge transfers $0.04. Analysts warn the decline threatens validator compensation and network security, as layer-2 migration has reduced base layer revenue by 99% since the March 2024 Dencun upgrade.

Caroline Pham, acting chair of the Commodity Futures Trading Commission, confirmed November 9 that the agency is negotiating with regulated exchanges to launch leveraged spot cryptocurrency trading. The initiative targets early December and would enable investors to trade digital assets with margin and financing on supervised platforms. Pham verified the development by responding to a social media report, marking a shift from current U.S. regulations that limit leveraged trading primarily to derivatives.

Bitcoin is trading close to its $142,000 fair value according to the power law model, positioning the asset for potential upside. Long-term holders and miners continue accumulating despite recent volatility, while institutional forecasts remain mixed with end-2025 projections ranging from $120,000 to $180,000.

Pakistan is evaluating the development of a stablecoin pegged to the rupee, according to Zafar Masud, President of the Pakistan Banks Association. Officials estimate the country could capture $20 billion to $25 billion in cryptocurrency-related economic growth. The banking sector has warned that delays in digital asset regulation may result in lost investment opportunities.