Bitcoin fell to $97,031 on November 14, breaking below the $100,000 support level with a 2.59% decline. The drop triggered $448.48 million in leveraged long liquidations across major exchanges. The cryptocurrency has declined 23% from its October peak of $126,000.

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.

BlackRock's tokenized U.S. Treasury fund BUIDL will be accepted as institutional collateral on Binance and expanded to BNB Chain. The fund has accumulated $2.5 billion in assets since its March 2024 launch. Data show BUIDL is the largest tokenized money market fund on public blockchains.

Strategy Chairman Michael Saylor rejected claims Friday that his company reduced its bitcoin position by 47,000 BTC. Saylor stated the firm continues purchasing bitcoin and will disclose updated holdings Monday morning. Arkham attributed wallet movements to routine custodian rotations rather than sales.

Strategy CEO Michael Saylor dismissed market speculation Friday following blockchain detection of transfers involving up to 58,000 BTC from company-linked wallets. The executive confirmed the movements constituted custody reorganization rather than sales activity. The firm retains its 438,000 BTC position valued at approximately $42.2 billion.