Ethereum fell to $2,870 on Wednesday, reaching an on-chain support level that analyst MAC_D identifies as a potential bottom formation. Smaller wallets reduced positions during the decline, while whale addresses holding over 10,000 ETH continued accumulating. The price drop occurred amid risk-off sentiment before Nvidia's earnings, with markets rebounding after the chipmaker's results exceeded expectations.

Bitwise launched its XRP exchange-traded fund on the New York Stock Exchange under ticker XRP on November 20, 2025. The ETF recorded approximately $22 million in trading volume within hours of opening. The launch marks the second XRP-focused ETF to debut in the US within a week, following Canary Capital's XRPC ETF which began trading on November 14, 2025.

Bitwise Asset Management launched the first U.S. spot XRP exchange-traded fund on the New York Stock Exchange on November 20, 2025. The ETF offers regulated access to XRP for institutional and retail investors, with a management fee of 0.34% initially waived for up to $500 million in assets. XRP traded at $1.98 with a market capitalization of $119.32 billion at the time of reporting, according to CoinMarketCap.

MegaETH will open pre-deposits for its USDm stablecoin on November 25, with a $250 million cap on a first-come basis. The stablecoin uses Ethena's USDtb infrastructure to generate yield that will offset sequencer costs. Participation is restricted to users who completed KYC during the project's token sale, which drew over $1.39 billion in bids.

XRP fell to approximately $2.00 on November 20, 2025, as multiple spot ETFs began trading, including the Bitwise XRP ETF on the New York Stock Exchange. The token declined roughly 3% in 24 hours and over 16% for the week. Futures liquidations totaled $18.25 million, with long positions accounting for $16 million. The Bitwise fund recorded $14.26 million in opening-day trading volume.

India is developing the Asset Reserve Certificate (ARC), a rupee-pegged stablecoin, in partnership with Polygon Labs and Bengaluru-based fintech Anq for launch in Q1 2026. The stablecoin will be fully collateralized with cash, government securities, or fixed deposits and will operate alongside the Reserve Bank of India's central bank digital currency. Issuance will be restricted to business accounts under Liberalised Remittance Scheme rules, with transactions limited to whitelisted addresses.

Nasdaq-listed FG Nexus sold 10,922 ETH, valued at over $32 million, to accelerate its share buyback initiative. The firm now holds 40,005 ether worth approximately $120 million. The move follows an August SEC filing for a potential $5 billion raise to acquire Ethereum.

ASTER will commence spot trading on Coinbase on November 20 at or after 9 AM PT, subject to liquidity conditions. The ASTER-USD pair launch follows increased derivatives market activity, with funding rates rising 0.015% over 24 hours and net short liquidations exceeding 15,000. The token is trading near $1.23 support while holding above its 20-day exponential moving average.