Solana's active addresses dropped to approximately 3.3 million on November 13, hitting a 12-month low and declining 63% from January's peak of over 9 million. The decline reflects reduced memecoin trading activity that previously fueled network growth. DeFi total value locked remains around $10 billion, with Jupiter, Kamino, and Jito leading platform participation.

Digital asset markets recovered after last week's decline, but QCP Capital analysts caution the rebound may lack durability. The Singapore-based firm cited ongoing headwinds including government operations disruption, U.S.-China trade tensions, and credit market instability as factors that could cap sustained gains.

Large Ethereum holders acquired more than $350 million worth of ETH during the recent market downturn. One newly created wallet accumulated 20,000 ETH totaling approximately $70 million through Kraken, while another entity purchased $206 million in AaveETH via Galaxy Digital's OTC desk, data show. A separate address obtained 24,007 ETH exceeding $82 million during the same period.

The Depository Trust & Clearing Corporation added Bitwise's Chainlink exchange-traded fund to its eligibility list Wednesday under ticker CLNK. The listing marks a procedural clearing and settlement step but does not constitute Securities and Exchange Commission approval. LINK traded at $15.45 following the announcement, down nearly 5% over 24 hours.

SoFi has introduced in-app crypto trading for Bitcoin, Ethereum, and Solana, becoming the first nationally chartered U.S. consumer bank to offer such services. The platform will roll out the feature in phases over the coming weeks. Users can buy, sell, and hold digital assets within the all-in-one financial application.

DBS Bank and Kinexys by J.P. Morgan announced on November 11, 2025, a collaboration to develop an interoperability framework for tokenized value transfers between their on-chain ecosystems. The framework will enable institutional clients to exchange and redeem tokenized deposits seamlessly across public and permissioned blockchains. The initiative aims to establish a new industry standard for real-time international settlement of tokenized deposits.

The International Organization of Securities Commissions has released a report identifying investor risks in real-world asset tokenization. While most risks fall under existing regulations, IOSCO highlighted emerging challenges including ownership confusion and technical vulnerabilities. The regulator urged members to apply its cryptocurrency policy recommendations when addressing tokenized assets.

Large Bitcoin holders are selling direct cryptocurrency positions to gain exposure through exchange-traded funds, according to Dr. Martin Hiesboeck of Uphold on November 9. The shift offers tax advantages under U.S. regulations and provides a mechanism to legitimize previously undisclosed holdings. Long-dormant wallets have transferred billions in recent months as institutional inflows into spot Bitcoin ETFs accelerate market distribution.

American Bitcoin, a Nasdaq-listed mining firm linked to President Donald Trump's sons, expanded its Bitcoin treasury by 139 BTC, bringing total holdings to $415 million, according to a November 7 announcement. The company's shares closed at $4.64 on the announcement date, up 2.20% despite intraday volatility between $4.08 and $4.65. The firm accumulates Bitcoin through mining operations and strategic market purchases.