Grayscale has submitted an application to list a Zcash exchange-traded fund on NYSE Arca under ticker ZCSH. ZEC rose from approximately $30 at the start of 2025 to $699 by November, data show. The proposed structure relies on cash creations initially, with Coinbase Custody holding assets and BNY Mellon serving as administrator.

Bitcoin climbed back above $90,000 on November 26, posting its strongest weekly gain since the October 10 decline. Data show over $2 billion in Bitcoin flowed into Binance over seven days, while stablecoin inflows totaled only $735 million during the same period, according to CryptoQuant. On-chain analyst CryptoOnchain warns the supply-demand gap may limit buying power to absorb potential selling pressure.

XRP holdings on centralized exchanges fell to 15.86 billion tokens, down 6.5 billion since February—a 29% decline. On-chain data show withdrawals spread across multiple platforms, with Upbit recording 6.22 billion XRP in outflows and Binance seeing 2.56 billion tokens leave. The 21Shares U.S. spot XRP ETF will begin trading under ticker TOXR on Monday, tracking the CME CF XRP-Dollar Reference Rate.

China's central bank has reinforced its prohibition on cryptocurrency operations following a Friday meeting with thirteen government agencies. The PBoC highlighted stablecoins as failing to meet anti-money laundering and customer identification standards. The bank characterized these assets as a threat to national financial security.

Bitcoin Capital listed a BONK exchange-traded product on Switzerland's SIX exchange, extending institutional memecoin adoption following Dogecoin's U.S. ETF debut in September. BONK gained 9.24% over the week, outperforming Bitcoin and posting its first weekly advance after five consecutive declines totaling approximately 30%.

Ethereum spot trading volume across exchanges totaled $375 billion in November, data show. Exchange-traded fund activity contributed approximately $35 billion during the same period. Binance processed roughly $198 billion of the spot volume, maintaining its position as the dominant trading venue for ETH transactions.

Animoca Brands will pursue a Nasdaq listing in 2026 through a reverse merger with Currenc Group, retaining 95% ownership of the combined entity. The strategy aims to expand access to U.S. capital markets and diversify the company's portfolio beyond gaming into artificial intelligence, decentralized finance, and stablecoin sectors.

Bitcoin rose 17% from $82,000 to $93,000 between November 21 and November 28, supported by $221 million in ETF inflows, but failed to break through $95,000 resistance. Kalshi prediction markets now show falling odds for Bitcoin reaching $100,000 before year-end. Traders are increasingly betting on a close below $80,000, with that probability rising to 36%.