Canary Capital has received regulatory approval for the first U.S. spot XRP exchange-traded fund. The ETF will trade on Nasdaq under ticker XRPC starting Thursday, November 13, 2025. The firm filed Form 8-A with the SEC on November 10, completing the final regulatory requirement before market launch.

A prominent Polymarket trader has issued a warning about a phishing operation targeting users through the platform's comment sections. The scheme has reportedly stolen more than $500,000 by using fraudulent private market links to capture login credentials and deploy malicious scripts on victims' devices. The attackers purchase both Yes and No shares to ensure their comments remain visible, then post obfuscated URLs leading to fake sites that mimic Polymarket's interface.

BitMine Immersion Technologies disclosed holdings exceeding 3.5 million ETH valued at $12.3 billion, representing 2.9% of Ethereum's total supply and establishing the firm as the largest institutional Ethereum holder globally. In a separate development, Propanc Biopharma entered a securities purchase agreement with Hexstone Capital LLC for a private placement of up to $100 million in convertible preferred stock to fund digital asset acquisitions and cancer treatment research.

River Protocol announced on November 10, 2025, that severe price fluctuations in its tokens resulted from coordinated market manipulation involving large short positions and concentrated Pts conversions. River Pts token declined over 75% in 24 hours, while RIVER dropped more than 13%. The protocol suspended all River Pts conversions to halt the systematic attack.

Long-term Bitcoin holders have sold approximately 790,000 BTC in recent weeks while buyer demand has contracted since early October, according to CryptoQuant data. Short-term apparent demand has remained negative for roughly 30 days. Bitcoin declined over 5% from around $110,000 to above $103,000 as selling pressure outpaced incoming capital.

A Columbia University study identified wash trading in approximately 25% of Polymarket's transaction volume across three years. The research, published on SSRN, analyzed blockchain data from Polygon and found artificial trading activity peaked at 60% of total volume in December and stood at around 20% in early October. Polymarket is preparing to re-enter the U.S. market through its acquisition of QCX.

Alex Gluchowski, founder of ZKsync, unveiled a tokenomics redesign on November 4, 2025, aiming to transform the ZK token beyond its governance function. The proposal centers on using network revenue to execute token buybacks and burns, creating deflationary pressure. Revenue will also fund staking rewards and ecosystem development, directly tying token value to network performance.

Suilend has paused all deposits and withdrawals in its Elixir Isolated Market and contacted the Elixir team demanding immediate loan repayment. The move follows Stream Finance's disclosure of approximately $93 million in losses through an external fund manager. Elixir maintains it holds full redemption rights at $1 with Stream for its lending position.

Small Bitcoin holders have sharply reduced exchange activity, with daily deposits from wallets holding less than 0.1 BTC falling from approximately 552 BTC in early 2023 to 92 BTC currently, according to CryptoQuant data. The shift follows the January 2024 launch of spot Bitcoin ETFs, which provided regulated exposure channels that reduced direct exchange interaction. ETF flows and corporate treasury purchases have become the primary drivers of network demand, replacing traditional retail trading activity.