BlackRock registered the iShares Staked Ethereum Trust in Delaware on November 19, establishing a legal structure for a staking-enabled Ethereum ETF pending regulatory approval. The Delaware filing does not constitute a formal SEC application but positions the asset manager to offer yield-bearing ETH products. Current spot Ethereum ETFs operate without staking functionality, causing investors to forfeit approximately 3% in annualized network rewards.

Hong Kong has imposed a HK$25 million minimum capital threshold for entities seeking to issue fiat-backed stablecoins. The Hong Kong Monetary Authority administers the licensing framework, which became legally operative in 2024. Issuers must hold reserves in low-risk, highly liquid assets and guarantee 1:1 fiat redemption within short timeframes.

Shiba Inu dropped to $0.0000071 on Friday, its lowest price since October 2023, marking four consecutive weeks of decline. The token's weekly chart shows its first-ever death cross, with the 50-week moving average crossing below the 200-week moving average, a technical pattern typically associated with weakening momentum.

Bitcoin fell below $86,000 to its lowest level in seven months, sparking debate among market analysts over the timing of the next major rally. Some forecasters maintain a $200,000 target could materialize in 2025, while others project the next parabolic move won't occur until 2029. The disagreement centers on cycle duration rather than long-term direction.

Monad is preparing for its initial coin offering exclusively on Coinbase, drawing significant attention in the cryptocurrency sector. Industry experts have raised concerns about the token's allocation structure, with over 50% of the supply designated for the team and investors. This distribution model has prompted questions about potential selling pressure once trading commences.

Rep. Warren Davidson introduced the Bitcoin for America Act on November 20, allowing taxpayers to pay federal taxes in Bitcoin. All incoming coins would flow into the Strategic Bitcoin Reserve established by executive order. Bitcoin Policy Institute modeling shows 1% of federal taxes paid in BTC over 20 years could generate up to $14 trillion in cumulative value for the United States.

Coinbase announced on November 21, 2025, its plan to acquire Vector.fun, a Solana-based decentralized exchange, subject to closing conditions. The Tensor Foundation will operate independently and has acquired full ownership of the Tensor NFT marketplace. TNSR token surged over 200% to $0.27 on November 20, 2025, one day before the announcement, with trading volume reaching $1.36B.

Public companies holding cryptocurrency treasuries have seen their combined market capitalization fall to approximately $99 billion from $176 billion in July. Strategy holds 649,870 BTC with an unrealized gain of $6.1 billion, while Ethereum-focused Bitmine faces a $4.52 billion unrealized loss on its 3.56 million ETH position.