Texas completed a $5 million purchase of BlackRock's iShares Bitcoin Trust on November 20 and designated another $5 million for direct Bitcoin custody. The state's move comes as Bitcoin trades near $87,000 after rebounding from a long-term rising channel, with technical analysts identifying $78,000–$79,000 as a critical support zone.

XRP experienced a sharp decline of approximately 30% within 24 hours before staging a partial recovery. The asset broke below its descending channel support near $2.15-$2.20, triggering over $1.14 million in liquidations during a 12-hour window, with long positions bearing the majority of losses.

US-listed Bitcoin ETFs experienced a historic $3.7 billion outflow in November, marking the largest monthly withdrawal since their launch. Bitcoin declined over 35% from its October all-time high of $126,000 to $80,542 on November 21, the lowest level since April.

Thailand's Personal Data Protection Commission has ordered World Network, backed by OpenAI CEO Sam Altman, to cease biometric data collection and erase records of 1.2 million local users. The PDPC cited violations of the Personal Data Protection Act, alleging the blockchain project illegally transferred iris scan data to third parties in exchange for cryptocurrency tokens.

Bitcoin reached $87,541.80 after briefly surpassing $88,000, but the recovery from $80,000 has failed to restore trader confidence. Open interest dropped to $29 billion, the lowest level since April, while the Fear and Greed Index fell to 15 points. Derivative markets show negative funding rates and increased volatility of 1.97%, the highest in six months.

Bitwise Asset Management launched a Dogecoin exchange-traded fund on November 26, 2025, trading under ticker BWOW on the New York Stock Exchange. The fund provides institutional access to Dogecoin, the seventh-largest cryptocurrency with approximately $22 billion in market capitalization and $1 billion in daily trading volume. The ETF carries a 0.34% management fee, waived for the first month on initial assets up to $500 million.

Coinbase Ventures outlined nine investment focus areas for 2026, including real-world asset perpetuals, unsecured lending protocols, and AI development tools. The announcement comes as third-quarter crypto venture funding reached $4.65 billion, marking a 290% increase from the previous quarter, according to Galaxy Digital.

Bitwise Asset Management has launched the BWOW Dogecoin ETF on NYSE Arca on November 26, 2025, following months of community requests for regulated DOGE exposure. As of November 25, 2025, Dogecoin holds a $22 billion market cap and daily trading volume exceeding $1 billion. The fund tracks Dogecoin price performance with Coinbase Custody Trust Company holding underlying assets.