The US Senate Agriculture Committee released a draft bill Monday formally classifying Bitcoin and Ether as digital commodities under CFTC jurisdiction. The bipartisan proposal from Senators John Boozman and Cory Booker establishes regulatory distinctions between digital commodities and investment contracts. The draft requires crypto firms to separate exchange, brokerage, custody, and trading operations.

Bitcoin is trading just above $106,000 after briefly reaching $107,000 on Monday before falling back below $105,000. Open interest in Bitcoin futures has declined to approximately $68 billion from $94 billion last month. US-listed Bitcoin ETFs recorded net inflows of only $1 million on Monday, despite broader gains in equity and credit markets.

China's National Computer Virus Emergency Response Center accused the United States of taking control of 127,272 Bitcoins stolen from the LuBian mining pool in December 2020. The coins, worth approximately $13 billion at current prices, were allegedly seized by U.S. authorities in 2024 after remaining dormant for four years, according to the Chinese agency's Sunday report.

Ripple has allocated approximately $4 billion in 2025 to acquire traditional finance infrastructure companies, aiming to integrate crypto solutions into banking systems. CEO Brad Garlinghouse outlined the strategy at the Swell 2025 conference in New York, citing acquisitions including Hidden Road for $1.3 billion and GTreasury for over $1 billion. The company secured $500 million in funding this fall, lifting its valuation to around $40 billion.

Federal Reserve Governor Stephen Miran stated on November 10, 2025, that he supports a 50 basis point interest rate reduction at the December FOMC meeting. Miran argued the economy requires faster monetary relief to prevent a slowdown. This marks his third consecutive call for a half-point cut after dissenting against 25 basis point reductions in September and October.

UBS has raised its S&P 500 forecast to 7,500 by the end of 2026, driven by expected earnings growth concentrated in the technology sector. The bank projects 14.4% earnings expansion for 2026, with nearly half coming from AI-focused companies including Nvidia and Microsoft. Citi separately increased its Nvidia price target to $220 ahead of the company's November 19 earnings report.

Rumble is advancing an all-share proposal to acquire German data center operator Northern Data at a valuation below Northern Data's approximately $894 million market capitalization, Bloomberg reported. The transaction, supported by mutual investor Tether Holdings, would enable Rumble to expand from video hosting into cloud infrastructure services. An announcement could come within days.

Shares of companies holding Bitcoin and Ether as treasury assets have declined sharply following recent cryptocurrency price drops. Strategy, formerly MicroStrategy, saw its market capitalization fall from approximately $128 billion in July to around $70 billion. Peter Thiel-backed firms BitMine and ETHZilla dropped over 30% and 23% respectively in the past month, according to market data.

President Trump stated on Truth Social that most U.S. citizens, excluding high earners, would receive a $2,000 payment funded by tariff revenue, though no distribution date or mechanism was provided. Small business owners report rising operational costs due to tariffs. The Supreme Court is reviewing the legality of Trump's emergency powers used to justify the trade measures.