The U.S. Treasury and Internal Revenue Service issued Revenue Procedure 2025-31 on November 10, enabling exchange-traded products holding digital assets to stake and distribute rewards without creating immediate tax liabilities for investors. Treasury Secretary Scott Bessent said the guidance aims to enhance investor benefits and support U.S. leadership in blockchain innovation. The safe harbor requires ETPs to meet specific operational criteria, including SEC approval and use of third-party custodians.

Coinbase has launched a savings account for UK users offering 3.75% AER variable interest with daily payments. The product, developed in partnership with ClearBank, provides FSCS protection for deposits up to £85,000 and enables instant transfers between GBP balances and crypto assets within the Coinbase app. The 3.75% rate falls below the UK's current average easy-access savings rate of 4.2% to 4.5% AER but exceeds many standard flexible accounts offered by major high-street banks.

The cryptocurrency market capitalization fell 1% on Tuesday morning (UTC) to $3.63 trillion. Bitcoin dropped to $105,168 while Ethereum declined to $3,558. Market sentiment has improved following the US Senate's passage of a government reopening bill and expectations of renewed liquidity from potential regulatory developments.

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

Brazil's central bank published Resolutions 519, 520, and 521, classifying stablecoin transactions as foreign exchange operations subject to banking-style oversight. Licensed virtual asset service providers must implement consumer protection and anti-money laundering protocols. Transfers with unlicensed foreign entities are capped at $100,000, with full implementation set for 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.