Bit Digital reported $30.5 million in revenue for the third quarter of 2025, a 33% increase from the prior year. The company expanded its Ethereum holdings fivefold to 153,547 ETH, valued at approximately $590.5 million as of October 31, 2025. Its AI cloud services unit, WhiteFiber, generated $18 million in revenue during the period.

Coinbase finalized the acquisition of Vector.fun, a Solana-native trading platform, on November 21, 2025. The deal integrates Vector's technology into Coinbase's decentralized exchange infrastructure while bringing the 13-member team onboard. Vector.fun specializes in low-cost perpetuals and spot trading on Solana, which recorded over $1 trillion in DEX volume in 2025.

Mt. Gox moved 10,422.6 BTC valued at $936 million to a previously unused wallet address on Tuesday, marking the first major distribution activity in eight months. Blockchain data show the funds originated from the exchange's cold storage and arrived at address 1ANkDML9LtVv1E1EF7cwPFEkSv6Bpojwyt, with no subsequent outflows recorded as of November 18, 2025.

Grayscale Investments filed an S-1 registration statement with the Securities and Exchange Commission on November 13, 2025, seeking to convert its Dogecoin Trust into a spot exchange-traded fund. The trust holds physical DOGE tokens and has designated Coinbase as prime broker and custodian. Bloomberg ETF analyst Eric Balchunas projected a potential launch as early as November 24, 2025, pending the SEC's standard 20-day review period.

The global stablecoin market reached $300 billion by November 2025, marking 48% growth from January levels. The European Central Bank warned that large-scale redemptions could trigger mass Treasury sales, potentially disrupting European monetary policy and reserve management. Dollar-pegged tokens control 99.58% of market share, with major issuers holding most reserves in U.S. Treasury securities.

Chainlink has expanded beyond its original oracle network function into full-stack blockchain infrastructure serving institutional finance. The protocol now supports over 80% of real-world asset data feeds and cross-chain interoperability solutions, according to Messari. Major banks including J.P. Morgan, UBS, and Fidelity are deploying Chainlink's Cross-Chain Interoperability Protocol for tokenized asset operations, with total value locked across tokenized RWA platforms exceeding $10 billion in 2025.

Canary Capital launched the XRPC Exchange-Traded Fund on Nasdaq on November 13, 2025, drawing $245 million in net inflows and $58.5 million in trading volume on its first day. The fund provides spot exposure to XRP through compliant cold storage custody managed by Gemini and BitGo. XRPC operates under the Investment Company Act of 1940 and tracks the CoinDesk XRP Price Index.

Luxembourg's Intergenerational Sovereign Wealth Fund allocated 1% of its portfolio to Bitcoin in October 2025, representing approximately €7 million from its $730 million in managed assets. Finance Minister Gilles Roth disclosed the decision at Bitcoin Amsterdam on November 13, 2025. The move marks the first time a European sovereign fund has established direct Bitcoin exposure.

The Czech National Bank acquired $1 million in Bitcoin and a USD stablecoin on November 13, 2025, through regulated exchanges. The purchase represents a pilot program to build operational expertise in digital asset management. The bank maintains internal custody with segregated wallet storage and conducts no active investment strategy.