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.

Chinese officials have questioned potential U.S. involvement in a December 29, 2020 hack of the LuBian mining pool that resulted in the theft of 127,272 BTC, valued at approximately $3.5 billion at the time. The U.S. Department of Justice announced in October 2025 it had seized approximately 127,000 BTC and charged Chen Zhi, owner of Cambodia's Prince Group, in connection with the incident. The stolen cryptocurrency had remained inactive for nearly four years before the seizure.

Argentine federal authorities have frozen over $507,000 in assets as part of an investigation into the LIBRA meme coin scandal. The probe examines alleged connections between the token's collapse and individuals linked to President Javier Milei. Investigators estimate investor losses between $100 million and $120 million.

Coinbase launched a token sales platform for U.S. retail investors on November 10, marking its first public offering initiative since 2018. The platform debuts with Monad, a layer-1 blockchain project conducting a sale from November 17 to 22 that distributes 7.5% of its token supply. The exchange plans to host approximately one token sale monthly, governed by an allocation algorithm that penalizes participants who sell tokens within 30 days of listing by reducing their allocations in subsequent sales.

The U.S. Commodity Futures Trading Commission plans to authorize leveraged spot cryptocurrency trading on regulated domestic exchanges by December 2025. Acting Chair Caroline Pham confirmed the agency is in active discussions with major platforms including CME Group, Cboe Futures Exchange, and Coinbase Derivatives. The products will operate under existing commodities law oversight, focusing on Bitcoin and Ethereum.

Federal Reserve Governor Stephen I. Miran said the stablecoin market could reach $1 trillion to $3 trillion by 2030, potentially reducing the U.S. neutral interest rate by up to 40 basis points. Miran explained that increased demand for Treasury securities and dollar-linked assets from stablecoin reserves may push down borrowing costs. He drew parallels to the early-2000s global savings glut that previously depressed rates worldwide.

World Liberty Financial, the cryptocurrency project backed by U.S. President Donald Trump, has formed partnerships with Bonk and Raydium to integrate its USD1 stablecoin into Solana's DeFi ecosystem. The collaboration aims to position USD1 as a competitor to USDC, which holds over $9 billion of Solana's $14.12 billion stablecoin supply, according to the announcement made on November 5.

The White House said President Donald Trump's pardon of Binance founder Changpeng Zhao followed a comprehensive review by the Department of Justice and White House Counsel's Office. Press Secretary Karoline Leavitt stated the clemency decision adhered to standard procedures applied to all pardon requests. Zhao pleaded guilty in November 2023 to Bank Secrecy Act violations and served a four-month sentence from April through September 2024.

BlackRock will introduce the iShares Bitcoin ETF on the Australian Securities Exchange by mid-November 2025, charging a 0.39% management fee. The ETF wraps the U.S.-listed iShares Bitcoin Trust, providing Australian investors with regulated Bitcoin exposure without direct custody requirements. The launch enters a market where competing funds collectively manage between A$150 million and A$300 million in assets.