Nearly $2 billion in leveraged long positions across major cryptocurrencies were liquidated in a sharp market downturn. Bitcoin accounted for over $1 billion in forced closures, while Ethereum contributed more than $422 million, data show. The mass liquidation event coincided with Bitcoin dropping toward $82,000 and Ethereum falling below $3,000.

Binance Japan launched cryptocurrency trading via PayPay Money and PayPay Points on Friday. Warren Buffett's Berkshire Hathaway increased its holdings in five major Japanese trading houses to $31 billion by end-October, up from $6.3 billion in 2020. Japanese ETF inflows reached a record $6 billion in October, with 2025 projected to hit $50 billion.

The Senate Agriculture Committee voted 12–11 along party lines on November 20, 2025, to advance Michael Selig's nomination as CFTC chair to the full Senate. Selig, currently chief counsel for the SEC's Crypto Task Force, emphasized crypto oversight as a central priority during his confirmation hearing. Senators questioned him on staffing adequacy, political independence, and the agency's readiness to assume expanded crypto oversight responsibilities.

Cryptocurrency liquidations reached nearly $2 billion in 24 hours as bitcoin dropped to $82,000, its lowest level since April. More than 396,000 traders had positions closed, while total crypto market capitalization fell below $3 trillion for the first time since the second quarter of 2025. The largest single liquidation involved a $36.78 million BTC-USD position on Hyperliquid, data show.

The UK Serious Fraud Office arrested two individuals in connection with the collapse of Basis Markets, a cryptocurrency fund that allegedly misappropriated $28 million from investors. A man in his 40s and another in his 30s were detained in south London and West Yorkshire on suspicion of fraud and money laundering. The arrests represent the SFO's first major cryptocurrency investigation, according to Director Nick Ephgrave.

Tether has accumulated more than 100 tons of physical gold, contributing to tightened global supply as prices climbed over 50% to approximately $4,080 per ounce in 2025, according to Jefferies. The stablecoin issuer added roughly 26 tons in Q3 alone, representing about 2% of total quarterly demand. Analysts at the investment bank say the buying activity has materially influenced market dynamics alongside central bank flows.

Retail investors withdrew approximately $4 billion from spot bitcoin and ether exchange-traded funds throughout November, data show. The outflows, which already exceed the previous record set in February, represent the primary driver behind the recent cryptocurrency market correction, according to JPMorgan analysts. During the same period, equity ETFs attracted roughly $96 billion in retail inflows.

Coinbase filed with the U.S. Securities and Exchange Commission on November 12 to reincorporate in Texas, according to the filing. The company named Foley & Lardner LLP as Texas counsel. Partners Christopher Babcock and Christopher Converse cited the state's specialized Business Court, predictable corporate governance rules, and optional derivative litigation thresholds capped at 3% ownership as key advantages.