Marathon Digital transferred 644 BTC worth approximately $58.7 million to FalconX and Coinbase Prime this week, data show. The move comes as mining profitability faces unprecedented pressure, with the Bitcoin Hashprice Index dropping to an all-time low of $38 per terahash. The transfer marks the latest in a series of November movements totaling over 3,000 BTC from the company's treasury.

Nvidia reported third-quarter revenue of $57.01 billion and earnings per share of $1.30, both exceeding analyst expectations. The chipmaker projected fourth-quarter revenue of $65 billion, surpassing the $62 billion consensus estimate. Tech stocks rallied in after-hours trading, while Bitcoin recovered from $89,000 to approximately $92,000.

BlackRock has registered a name in Delaware for a staked Ethereum exchange-traded fund, completing an initial procedural requirement for potential U.S. market entry. The asset manager, which oversees $13.5 trillion, already operates the iShares Ethereum Trust ETF (ETHA), which has attracted approximately $13.1 billion in inflows since July 2024. The Delaware filing does not guarantee regulatory approval, and BlackRock must submit a full registration statement to the Securities and Exchange Commission before formal review can begin.

Mike Selig, President Donald Trump's nominee to chair the Commodity Futures Trading Commission, testified before the Senate Agriculture Committee on Wednesday. He pledged to advance a unified national cryptocurrency regulatory framework and support domestic Bitcoin mining infrastructure if confirmed. The committee has scheduled a vote on his nomination for Thursday afternoon.

The White House is reviewing an IRS proposal to join the Crypto-Asset Reporting Framework, which would grant U.S. regulators access to foreign cryptocurrency transaction data. The initiative would align the United States with 72 nations committed to implementing CARF by 2028. The framework aims to address information gaps that currently allow offshore crypto activity to evade tax oversight.

Strategy's shares now trade at a discount to the market value of its bitcoin holdings, with its modified net asset value falling below 1. TD Cowen analysts maintain their $585 price target despite the decline, projecting the company will hold over 815,000 BTC by end-2027. The discount reflects short-term market volatility rather than fundamental weakness in the company's accumulation strategy, according to the firm.

Cboe Global Markets will introduce Bitcoin and Ether Continuous Futures on December 15, pending final regulatory approval. The 10-year contracts feature daily cash adjustments to deliver perpetual-style exposure without manual rollovers. The products target institutional investors seeking long-term crypto derivatives within U.S.-regulated markets.

The Trump Organization and Dar Global announced a blockchain-based hotel project in the Maldives on November 17, 2025. The development allows investors to purchase tokenized units during the pre-construction phase, with the resort scheduled to open by the end of 2028. The Trump International Hotel Maldives will feature approximately 80 beach and overwater villas near Malé.

Japan's Financial Services Agency is advancing a regulatory reform to reclassify digital assets as financial products under the Financial Instruments and Exchange Act, according to Asahi Shimbun. The proposal would require exchanges to disclose detailed information on 105 approved tokens and subject crypto to insider trading rules for the first time. The FSA plans to present the legislative package to parliament in 2026.