The European Union is moving from rulemaking to active enforcement under its Markets in Crypto-Assets regulation. Brussels is evaluating a proposal to shift crypto supervision from 27 national authorities to the European Securities and Markets Authority to address cross-border inconsistencies. Revolut, Blockchain.com, and Relai secured MiCA licenses in the past week, enabling EEA-wide service provision.

Binance announced November 14, 2025 it will accept BlackRock's BUIDL tokenized fund as collateral for off-exchange trades. The BlackRock USD Institutional Digital Liquidity Fund holds $2.5 billion in assets. BUIDL simultaneously launched a new share class on BNB Chain, expanding its presence across Binance's ecosystem.

Alibaba's cross-border e-commerce division is building a tokenized payment system using euro and U.S. dollar deposit tokens issued by regulated banks. The initiative seeks to reduce settlement times and transaction costs for international B2B payments while complying with Beijing's restrictions on privately issued stablecoins.

The U.S. Securities and Exchange Commission has released updated guidelines to help crypto ETF issuers accelerate their filing processes following a backlog from the recent government shutdown. Under the new guidance, registration statements filed without delaying amendments will become effective automatically after 20 days under Section 8(a) of the Securities Act. Bloomberg ETF analyst Eric Balchunas noted that Bitwise's XRP ETF may be among the next funds positioned to advance under the new framework.

Binance has integrated BlackRock's USD Institutional Digital Liquidity Fund as collateral for off-exchange trading operations. The tokenized fund expanded to BNB Chain on Friday, bringing its total operational networks to eight. Institutional traders can now deploy capital while maintaining exposure to tokenized Treasury assets.

Federal Reserve Governor Stephen I. Miran warned that expanding dollar-backed stablecoins could pressure the neutral interest rate downward by increasing U.S. Treasury purchases. The CFTC is preparing to authorize leveraged spot cryptocurrency trading on regulated exchanges as early as next month, Acting Chair Caroline Pham confirmed. Senate lawmakers released a bipartisan draft bill that would grant the CFTC jurisdiction over spot digital commodities including Bitcoin and Ether.

Hyperliquid's liquidity provider system absorbed approximately $5 million in losses following coordinated POPCAT token manipulation on November 12. The attack involved leveraged positions across multiple wallets that artificially inflated prices before triggering mass liquidations. HYPE token currently trades at $38.09, below key moving averages, while futures Open Interest has declined to $1.56 billion.

Price manipulation attacks resulted in $42 million in losses across 51 separate incidents during 2025, according to CertiK Alert. The November 12 incident involving Popcat on Hyperliquid demonstrated coordinated manipulation tactics, triggering $63 million in liquidations through artificial buy walls and sudden order withdrawals. CertiK recorded 19 incidents in Q4 alone, approaching Q2's peak of 20 cases.