MicroStrategy will not be compelled to liquidate its Bitcoin holdings even if removed from MSCI indexes, according to Matt Hougan, Chief Investment Officer at Bitwise. The company holds $60 billion in Bitcoin and $1.4 billion in cash, with no debt conversion scheduled until February 2027. Hougan emphasized that no mechanism exists to force cryptocurrency sales simply because the stock price falls below net asset value.

Ethereum's price rose above $3,200 on Tuesday, propelled by accumulation from shark wallets holding 1,000 to 10,000 ETH. The network recorded 190,000 new wallet addresses in a single day, reflecting strong demand. The rally coincided with the mainnet launch of the Fusaka upgrade, Ethereum's latest hard fork aimed at scaling data availability for Layer 2 rollups.

Bitcoin reached an intraday high of $91,107 after falling below $84,000 earlier this week, data show. The recovery reversed losses triggered by hawkish Bank of Japan remarks and fresh Chinese regulatory actions. Institutional moves, including Vanguard's cryptocurrency ETF access and Bank of America's Bitcoin allocation policy, supported the rally.

Vanguard, which manages over $11 trillion in assets, has reversed its longstanding ban on cryptocurrency products, now permitting clients to trade Bitwise's XRP exchange-traded fund. The policy shift grants more than 50 million customers access to select crypto ETFs and mutual funds holding digital assets. Bitwise CEO Hunter Horsley confirmed the development through social media.

Bitcoin dropped to an intraday low of $85,694 after China's central bank issued a renewed warning against cryptocurrency activities, according to CoinGecko data. The People's Bank of China stated that crypto-related operations remain illegal and criticized stablecoins for failing to meet anti-money laundering standards.

XRP futures open interest has dropped from 1.7 billion XRP in early October to 0.7 billion XRP, a decline of nearly 60%, data show. The funding rate for perpetual contracts fell from 0.01% to 0.001% over the same period, reflecting reduced bullish conviction among traders.

South Korean cryptocurrency exchange Upbit confirmed unauthorized transfers of approximately $37 million from its Solana network wallet on May 15, 2025. The breach affected multiple tokens including SOL, USDC, RENDER, PYTH, RAY, JUP, JTO, ORCA, BONK, MEW, and MOODENG. The incident marks the exchange's largest security compromise since a 2019 breach involving $50 million in Ethereum assets.

Former BitMEX CEO Arthur Hayes said Bitcoin may be approaching a market bottom following this week's sharp decline. Hayes advised traders to wait for further stock market weakness before entering positions. He linked the cryptocurrency's trajectory to U.S. dollar liquidity conditions.

Bitwise will launch its spot XRP exchange-traded fund on the New York Stock Exchange on November 20, 2025, trading under the ticker "XRP." The product carries a 0.34% management fee, waived for the first month on initial assets up to $500 million. The firm cited XRP Ledger's 13-year operational history and XRP's market capitalization exceeding $125 billion as key factors supporting the launch.