Polymarket has resumed operations in the United States through a beta trading platform, founder Shayne Coplan disclosed. The move follows the platform's 2022 settlement with the CFTC and its July 2025 acquisition of licensed derivatives exchange QCX.

Bitcoin dropped 3% to $103,222 on Wednesday as investors took profits and uncertainty mounted over the Federal Reserve's December rate decision. The cryptocurrency briefly traded below $103,000 at around $102,600 earlier in the session. Traders are monitoring conflicting signals from Fed officials regarding a potential year-end rate cut, with the CME FedWatch Tool showing a 66.9% probability of a reduction at the December 9-10 meeting.

The Depository Trust and Clearing Corporation has registered Bitwise's spot Chainlink exchange-traded fund in its pre-launch category under ticker symbol CLNK. The listing follows Bitwise's S-1 filing in August and Grayscale's subsequent proposal in September. Canary Capital filed its 8-A form for a spot XRP ETF on Monday, the final regulatory documentation before launch.

Canada's 2025 federal budget introduced legislation to regulate fiat-backed stablecoins. The framework will require issuers to maintain adequate reserves, establish redemption policies, implement risk management systems, and protect user data. The Bank of Canada will retain $10 million from its Consolidated Revenue Fund during fiscal 2026-27 to administer the program, with subsequent annual costs of $5 million funded through issuer fees.

Spot Bitcoin and Ethereum exchange-traded funds in the United States recorded a combined net outflow of $797 million on Tuesday, according to SoSoValue data. Bitcoin ETFs posted $577.74 million in outflows, marking the largest single-day exit since August 1. Ethereum ETFs saw $219.37 million leave the funds during the same period.

Berachain Foundation deployed an emergency hard fork binary to validators following a $12 million exploit on its native decentralized exchange BEX. The network suspended operations after a Balancer V2 vulnerability affected multiple blockchains. Validators are implementing the upgrade to prevent further asset transfers before resuming block production.

Strategy has filed to offer 3.5 million shares of euro-denominated perpetual preferred stock (STRE) to raise capital for bitcoin acquisitions and corporate operations. The company announced Monday it purchased 397 BTC for approximately $45.6 million, bringing total holdings to 641,205 BTC, according to a company statement.

Polymarket recorded 477,850 monthly active traders in October, marking an all-time high and a 93.7% increase from September's 246,610 users. The platform's monthly volume rebounded to $3.02 billion during the period. Regulated competitor Kalshi exceeded Polymarket with $4.4 billion in total volume for the same month.

Transaction volume for stablecoins on Ethereum reached $2.82 trillion in October, up 45% from September's $1.94 trillion. USDC accounted for $1.62 trillion in monthly volume, while USDT processed $895.5 billion, data show.