The Madras High Court has ruled that cryptocurrencies constitute "property capable of being possessed and held in trust" under Indian law. The decision stemmed from a case in which Rhutikumari sued WazirX after the exchange froze her account containing 3,532.30 XRP valued at approximately $9,400. The court ordered WazirX to refrain from accessing her holdings and required the exchange to provide a bank guarantee of approximately $11,500 during proceedings.

Franklin Templeton launched Hong Kong's first tokenized money-market fund on January 8, 2025. The Franklin OnChain U.S. Government Money Fund, registered in Luxembourg and backed by short-term U.S. Treasuries, uses blockchain tokens to represent investor shares and record ownership digitally. The launch aligns with Hong Kong's five-year fintech strategy focused on AI and blockchain integration across financial services.

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.

Bitcoin dropped below $100,000 for the first time since June as total cryptocurrency market capitalization declined to approximately $3.45 trillion. The Fear and Greed Index fell to 20 while liquidations exceeded $2 billion in a single day. Ethereum traded below $3,100 amid broader deleveraging across digital assets.

Bitcoin dropped below its 365-day moving average of approximately $102,000 this week, a technical threshold last broken in early 2022. CryptoQuant's Bull Score Index fell to zero for the first time since June 2022, indicating extremely bearish sentiment. Analysts caution that sustained trading below this level could drive prices toward $72,000 support.

Sequans Communications sold 970 BTC worth approximately $100 million to repurchase convertible bonds, cutting total debt from $189 million to $94.5 million. The transaction marks the first Bitcoin liquidation by a Digital Asset Treasury firm since Sequans adopted its Bitcoin strategy in July 2025. The company retained 2,264 BTC valued at roughly $240 million as of November 4, 2025.

Ripple closed a $500 million funding round on November 5, 2025, at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities. Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace joined the investment. The financing represents one of the largest private rounds in the blockchain sector this year.

Litecoin traded near $88 with a 3% daily gain following two major developments. The SEC approved the Canary Litecoin ETF, marking the first spot LTC fund available to institutional investors. Separately, Litecoin creator Charlie Lee joined SilentSwap as strategic advisor to advance privacy-focused cross-chain solutions.