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.

Bitcoin is trading around $106,700 as Nasdaq and Cboe prepare to launch regulated spot and leveraged cryptocurrency trading next month, according to the U.S. Commodity Futures Trading Commission. The development is expected to enhance liquidity and attract institutional participation. Analysts project potential upside toward $111,000, supported by improving market fundamentals and easing fiscal uncertainty.

A cryptocurrency analyst has projected XRP could climb to $6 after an initial retracement to $1.90. Ali Martinez, who has over 160,000 followers on X, describes the potential pullback as a buying opportunity before the asset advances toward higher levels. In an extended scenario, Martinez suggests XRP could reach $10 if a bullish flag pattern completes.

Solana has generated $2.85 billion in total protocol revenue, with monthly averages of $240 million and peaks above $600 million, according to a 21Shares report. The ORE protocol recently exceeded $1 million in daily revenue. Solana leads all blockchains with 10,733 active developers, data show.

Bitcoin traded near $106,000 on Monday as investors responded to expectations that the US government shutdown may soon conclude. The cryptocurrency recovered from early session losses, while broader risk assets also advanced. Ending the shutdown could release $150 billion to $200 billion from the Treasury General Account into bank reserves, historically supportive of cryptocurrencies, according to Arca. However, the 39-day shutdown has stalled critical digital asset legislation including the CLARITY Act and the Senate's market structure bill.

XRP climbed more than 7% in the past 24 hours following the DTCC's official listing of nine spot XRP ETFs from major issuers including Bitwise, Franklin, and CoinShares. Open Interest reached $1.32 billion, though negative funding rates at -0.145% indicate cautious positioning among traders. Market participants are watching for potential SEC approvals before year-end.

Ripple has allocated approximately $4 billion in 2025 to acquire traditional finance infrastructure companies, aiming to integrate crypto solutions into banking systems. CEO Brad Garlinghouse outlined the strategy at the Swell 2025 conference in New York, citing acquisitions including Hidden Road for $1.3 billion and GTreasury for over $1 billion. The company secured $500 million in funding this fall, lifting its valuation to around $40 billion.

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.