MegaETH, an Ethereum Layer 2 project, will refund all capital from its Pre-Deposit Bridge following operational failures during Tuesday's launch. The event encountered service outages, multiple deposit cap adjustments, and a multisig configuration error that caused unplanned early reopening. Deposits exceeded $400 million before the team halted further expansions.

Bitcoin traded close to $90,000 during Friday's Asian session as regional equity markets opened with mixed performance. The largest cryptocurrency fluctuated in a narrow range while investors weighed whether recent gains in both digital assets and stocks can sustain momentum amid growing expectations for Federal Reserve rate cuts in December.

The California Public Employees' Retirement System has seen its Strategy (MSTR) investment decline to approximately $80 million from over $144 million, following a 45% drop in the stock this quarter. The pension fund acquired 448,157 shares in Q3 but has faced losses amid broader market weakness. JPMorgan analysts warn that Strategy faces potential removal from major equity benchmarks, which could trigger up to $2.8 billion in outflows from passive funds.

Visa has deployed USDC-based settlement infrastructure across Central and Eastern Europe, the Middle East, and Africa, partnering with crypto infrastructure provider Aquanow. The system enables approved financial institutions to execute 24/7 cross-border settlements outside traditional banking hours, bypassing correspondent banking networks.

Bitcoin recovered to $90,000 after falling to its lowest level since April on November 20. Open Interest contracted from $45 billion to $28 billion as leveraged positions were cleared. U.S. Spot Bitcoin ETFs recorded $151 million in net inflows starting November 21, following a $3.09 billion outflow period, according to CoinGlass data.

MegaETH will return all $500 million collected during its November 25 bridge campaign. The Ethereum scaling project cited technical crashes, multisig errors, and compliance gaps that disrupted the launch. All participants will receive full refunds through a new smart contract currently under audit.

Traders have accumulated $72.50 billion in long positions at the $2.129 price level for XRP, according to derivatives platform CoinGlass. Binance reserves have declined by 2.7 billion XRP since October 2025. U.S. XRP Spot ETFs have recorded continuous inflows with no outflows since launching on November 14.

The five U.S.-listed Solana exchange-traded funds recorded their first net outflow of $8.2 million on November 26, 2025, ending a month-long streak of daily inflows. The withdrawal was driven primarily by $34.4 million in redemptions from 21Shares' TSOL fund, which offset modest inflows from the four other issuers.