Coinbase submitted recommendations to the U.S. Treasury on November 5, 2025, regarding implementation of the GENIUS Act. The exchange called for precise regulations that foster stablecoin innovation while protecting consumers. Coinbase emphasized that payment stablecoins should be treated as cash equivalents for tax purposes and warned against broad interpretations of the Act's interest prohibition provisions.

Grayscale has eliminated sponsor fees on its Solana Trust (GSOL) for three months or until assets reach $1 billion. The trust stakes 100% of SOL holdings, generating 7.23% annual returns with 95% distributed to investors. The move aims to position Solana as the third major institutional crypto asset.

Balancer issued a preliminary incident report on the November 3 exploit that drained over $128 million from Composable Stable Pools across nine networks. The protocol identified a rounding flaw in its v2 vault's batchSwap feature as the root cause, which attackers exploited to manipulate pool balances and extract value. Balancer v3 and other pool types remained unaffected.

Ripple has formed strategic partnerships with Mastercard, Webster Bank, and Gemini to integrate its RLUSD stablecoin into traditional payment infrastructure, the company announced. The stablecoin operates on XRP Ledger and Ethereum, enabling direct fiat-to-crypto conversions with regulatory compliance through FDIC-backed banking. RLUSD facilitates cross-border transfers in under one second at costs below SWIFT fees, with minted supply exceeding $50 million within weeks of regulatory approval.

Grayscale Investments has waived management fees on its Grayscale Solana Trust (GSOL) for up to three months or until assets reach $1 billion, according to the firm. The trust now stakes 100% of its holdings through a diversified validator network, delivering a 7.23% staking reward rate. The move comes as Solana's unique active users climbed 36% to 2.7 million, data show.

Ripple announced a partnership with Mastercard to pilot RLUSD stablecoin payments on XRP Ledger for credit card settlements. The collaboration follows a $500 million funding round valuing Ripple at $40 billion. XRP trades near $2.30 as on-chain data shows record DEX activity amid selling pressure.

President Donald Trump declared the end of the federal crackdown on cryptocurrency during remarks at the America Business Forum in Miami on Wednesday. He emphasized China's ambitions in digital assets and urged swift action to maintain American leadership. Trump pledged to establish the US as the Bitcoin superpower and global crypto capital.

Ray Dalio warns the Federal Reserve's decision to halt quantitative tightening and maintain its $6.5 trillion balance sheet on December 1, 2025, marks a shift toward "stimulating into a bubble." The Bridgewater Associates founder argues this policy change, occurring amid elevated asset prices and inflation above 3%, could drive gold and Bitcoin to dramatic highs before an eventual collapse. Dalio identifies the combination of large fiscal deficits and central bank expansion as classic late-cycle debt dynamics.