Brazil's Central Bank announced regulatory requirements on November 10, 2025, extending banking standards to virtual asset service providers including exchanges, wallets, and payment platforms. The framework mandates anti-money laundering measures, customer due diligence, and Central Bank authorization for all crypto firms, taking effect in February 2026.

Brazil's central bank published Resolutions 519, 520, and 521, establishing stablecoins as foreign exchange instruments under banking-style oversight. Licensed virtual asset service providers must comply with consumer protection and AML requirements. Transfers with unlicensed foreign entities are capped at $100,000, with rules effective 2 February 2026.

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.

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.

Senators John Boozman and Cory Booker released a bipartisan discussion draft on November 11, 2025, that would transfer primary cryptocurrency oversight from the SEC to the CFTC. Most digital assets including Bitcoin and Ethereum would be classified as digital commodities under the proposal. The plan introduces new registration requirements and disclosure obligations, though lawmakers remain divided over DeFi regulations and the CFTC's capacity to regulate a trillion-dollar market.