Bitcoin traded at $105,373, down 0.9%, as Asian equity markets advanced following the US Senate's approval of a funding bill to end the government shutdown. South Korea's Kospi gained 1.3% and Japan's Nikkei rose 0.4%. Gold climbed nearly 3% overnight, while the total crypto market capitalization stood at $3.64 trillion.

Gemini Space Station reported a 52% quarter-over-quarter revenue increase in Q3 2025, generating nearly $50 million in its first quarter as a publicly traded company. The Winklevoss-operated crypto exchange posted a net loss of $159.5 million, or $6.67 per share, exceeding analyst expectations of $3.24 per share. Following the earnings release, Gemini shares declined as much as 12% in after-hours trading, falling below $15 to reach an all-time low.

Trader EGRAG applied Elliott Wave theory to XRP's price structure, projecting a potential target of $6.75 with an optimistic scenario extending to $18.25. Exchange data shows record outflows since late October, indicating strong accumulation among holders.

Bitcoin is trading around 20% below its all-time high of $126,000, but technical indicators point to a potential rally. The cryptocurrency has closed above the 50-day Exponential Moving Average on the weekly chart, a level that has supported major advances over the past two and a half years, according to analysts at The Bull Theory. With the Relative Strength Index holding multi-year support and the MACD indicator nearing a reversal zone, projections suggest price targets between $160,000 and $180,000 in early 2026.

Uniswap activated its protocol fee switch on November 9, 2025, targeting fraudulent pools on the Base chain. The governance decision affects nearly $208.07 billion in volume, with analysis showing approximately half attributed to fraudulent activity. UNI price surged over 35% within 24 hours following the announcement.

Digital asset investment products recorded $1.17 billion in net outflows for the second consecutive week, according to CoinShares. Bitcoin-linked products lost $932 million while Ethereum products shed $438 million. Solana attracted $118 million in inflows and XRP drew $28.2 million, bucking the broader market trend.

The U.S. Senate Agriculture Committee released a draft cryptocurrency market structure bill on Monday, seeking to clarify the Commodity Futures Trading Commission's oversight of spot crypto trading. The legislation, led by Chairman John Boozman and Senator Cory Booker, establishes foundational definitions and directs the CFTC and SEC to conduct joint rulemaking on regulatory matters including portfolio margining and intermediary oversight. The draft contains bracketed sections indicating ongoing negotiations, with Democratic members noting that certain provisions may require input from the Senate Banking Committee.

The U.S. Internal Revenue Service announced Monday a new safe harbor permitting crypto exchange-traded products to stake digital assets and pass staking rewards to investors. The guidance removes tax compliance barriers that previously prevented regulated trusts from offering staking yields on proof-of-stake networks like Ethereum.