South Korea's ruling and opposition parties have agreed on a stablecoin regulatory framework, with lawmakers targeting passage of the Digital Asset Basic Act by January 2026. The legislation establishes a consortium model requiring banks to hold at least 51% equity, while technology firms may participate as minority stakeholders. A December 10 deadline has been set for government proposal submission.

Token unlocks worth over $297 million are scheduled between November 17 and November 24 across multiple projects. LayerZero will release 25.71 million ZRO tokens valued at $37.28 million, representing the largest single cliff unlock. SOON follows with 15.21 million tokens worth $25.86 million, according to Tokenomist data.

Cryptocurrency exchange Bybit released its 27th monthly reserves report on October 22, showing Bitcoin holdings declined 3.13% to 63,980 BTC and Ethereum balances dropped 5% to 542,165 ETH. USDT holdings surged 27.89% to 6.389 billion tokens. All assets maintained reserve ratios above 100%.