Eighty-three percent of major financial institutions now provide digital asset services, with tokenization emerging as the most widespread offering across firms including Goldman Sachs, JPMorgan, Deutsche Bank, and the London Stock Exchange. Tokenized real-world assets are projected to grow from $0.6 trillion in 2025 to nearly $19 trillion by 2033, data show. The technology places bonds, funds, real estate, and credit products on programmable infrastructure, reducing settlement times and eliminating intermediary layers.

Exchange-traded funds tracking alternative cryptocurrencies have launched on major platforms with varied investor reception. Solana leads with over $700 million in total net assets and daily inflows exceeding $60 million on peak days, data show. XRP recorded a $240 million single-day spike on November 14, while Litecoin and Hedera show divergent early trading patterns.

Bitcoin has declined 33% from its all-time high entering December, with active addresses, whale transactions, and liquidity reaching their lowest levels in months. U.S. Bitcoin ETFs recorded $11.5 billion in trading volume as investors repositioned amid the selloff. The cryptocurrency is exhibiting signs of structural weakness, according to Alphractal.

Vitalik Buterin proposed at Devconnect in Buenos Aires that Ethereum should pursue greater ossification of its core protocol. The network now secures hundreds of billions in assets, making protocol stability increasingly critical. Corporate treasuries have accumulated substantial ETH holdings, with entities like BitMine Immersion Technologies holding 1,713,899 ETH valued above $5.27 billion.

Ethereum's validator exit queue has accumulated nearly 2 million ETH awaiting withdrawal over the next 35 days, while exchange reserves have fallen to 15.9 million ETH, the lowest level in three years. The Fusaka upgrade is scheduled for December 3, targeting enhancements in Layer 2 scalability, transaction speed, and validator performance.

Bitcoin's Fear & Greed Index dropped to 10, its lowest 2025 level, according to Alphractal data. Institutional investors added $24 billion in Bitcoin through ETFs this year despite extreme fear among retail traders. The market saw $19 billion in liquidations across approximately 1.6 million positions.

Circle issued an additional $1 billion USDC in multiple $250 million tranches, contributing to $13.25 billion in combined stablecoin issuance by Circle and Tether since the recent market downturn. Tokenized gold has reached $3.9 billion in market capitalization, with XAUT holding approximately $2.1 billion and PAXG accounting for roughly $1.3 billion. The category has grown nearly 50-fold since mid-2021, reflecting sustained demand for blockchain-based precious metal products.

Bitcoin long-term holders have more than doubled their positions between late October and early November, adding over 36,000 BTC. New whale cohorts have realized over $1 billion in losses since late October, with Bitcoin trading below their average cost basis of approximately $110,800. Risk-adjusted return metrics have declined throughout the year, reflecting cooling institutional sentiment.

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.