The UK Serious Fraud Office arrested two individuals in connection with the collapse of Basis Markets, a cryptocurrency fund that allegedly misappropriated $28 million from investors. A man in his 40s and another in his 30s were detained in south London and West Yorkshire on suspicion of fraud and money laundering. The arrests represent the SFO's first major cryptocurrency investigation, according to Director Nick Ephgrave.

Strategy (MSTR) could face nearly $2.8 billion in passive fund outflows if MSCI removes it from key equity indices on January 15, 2026, according to JPMorgan analysts. An additional $8.8 billion remains at risk should other index providers follow suit. The company holds over 638,000 BTC worth approximately $72 billion, representing roughly 3% of Bitcoin's total supply.

A wallet holding Hyperliquid's second-largest losing position closed leveraged Bitcoin and Ethereum longs, realizing losses exceeding $10 million before opening a 6x leveraged ETH short. Another trader exited positions with a $6.2 million loss and initiated a 2x leveraged short on Ethereum worth approximately $60.4 million. The moves signal bearish positioning amid heightened market volatility.

A crypto trader has accumulated $24 million in unrealized profits from a Bitcoin short position held for over six months on Hyperliquid's perpetual futures market. The trader maintains a 1,232 BTC short valued at approximately $113.27 million with 20x leverage, entered at $111,499.30. The position faces liquidation at $101,641.11, with Bitcoin trading around $91,509.

Crypto-collateralized lending reached an all-time high of $73.59 billion in the third quarter of 2025, marking a $20.46 billion increase from the previous quarter, according to Galaxy Research. On-chain lending now accounts for 66.9% of all crypto-collateralized debt. The growth was driven by DeFi protocols and collateralized debt positions, with lending applications capturing over 80% of the on-chain market.

Opera's MiniPay wallet has connected USDT to real-time payment infrastructure across Latin America via a Noah-powered integration. The feature enables over 10 million users to pay merchants directly through Mercado Pago in Argentina and PIX in Brazil using stablecoin balances. The capability was announced at Ethereum Devconnect in Buenos Aires.

Shares of Bitcoin mining companies IREN and Cipher Mining surged in after-hours trading on November 20, 2025, following Nvidia's announcement of third-quarter earnings that surpassed analyst expectations. IREN stock climbed 10.08% to $50.45, while Cipher Mining gained 12.93% to $16.51. Both firms are transitioning from traditional cryptocurrency mining to AI data center operations, leveraging demand for GPU compute capacity through partnerships with Microsoft and Google-affiliated entities.

HSBC Holdings will introduce tokenized deposits for corporate clients in the United States and United Arab Emirates during the first half of 2026. The bank's Tokenized Deposit Service enables instant cross-border and domestic transfers operating continuously, expanding on existing operations in Singapore, Hong Kong, the UK, and Luxembourg.

New Hampshire's Business Finance Authority has approved a $100 million municipal bond collateralized by Bitcoin, marking the first U.S. state-level debt instrument of its kind. The conduit bond allows borrowers to access capital by pledging over-collateralized Bitcoin held in private custody. Liquidation protections activate if collateral values decline below specified thresholds.