Hyperliquid's newly launched HIP-3 custom markets recorded over $500 million in trading volume within 24 hours, according to the platform's interface. The decentralized exchange introduced synthetic perpetual contracts tracking equity underlyings including xyz, flx, and vnti. The XYZ100 index led with $320 million in volume.

Bitcoin and Ethereum logged combined inflows of $40 billion to centralized exchanges during the recent market pullback, data show. Bitcoin spot ETFs added 1,460 BTC worth $128.7 million in the past 24 hours. Ethereum spot ETFs received 26,620 ETH valued at $78.6 million during the same period.

Bitcoin stabilized around $87,000 as U.S. spot exchange-traded funds recorded $129 million in net inflows on November 25, reversing weeks of sustained redemptions. Approximately one-third of bitcoin supply remains below breakeven prices, with long-term holders accumulating while short-term cohorts drive selling pressure. Analysts view the current period as bitcoin's first major institutional stress test, with market direction hinging on Federal Reserve guidance, government shutdown resolution, and post-tax-season capital flows.

Texas purchased $5 million of BlackRock's iShares Bitcoin Trust on November 20 and allocated another $5 million for direct Bitcoin custody. Bitcoin is trading near $87,000 after testing support from a long-term rising channel, with analysts watching the $78,000–$79,000 zone as a key technical threshold.

XRP dropped approximately 30% within 24 hours before staging a partial recovery. The asset broke below its descending channel support near $2.15-$2.20, triggering over $1.14 million in liquidations during a 12-hour window. Long positions accounted for the majority of losses.

US-listed Bitcoin exchange-traded funds recorded $3.7 billion in outflows during November, the largest monthly withdrawal since their launch, according to SoSoValue data. Bitcoin fell more than 35% from its October all-time high of $126,000, reaching $80,542 on November 21, the lowest level since April. Ethereum ETFs experienced $1.6 billion in outflows over the same period.

Thailand's Personal Data Protection Commission has ordered World Network to halt biometric data collection and delete records of 1.2 million local users. The regulator cited violations of the Personal Data Protection Act, stating the blockchain project allegedly transferred iris scan data to third parties in exchange for cryptocurrency tokens without proper authorization.

Bitcoin reached $87,541.80 after briefly surpassing $88,000, but the recovery from $80,000 has failed to restore trader confidence. Open interest dropped to $29 billion, the lowest level since April, while the Fear and Greed Index fell to 15 points. Derivative markets show negative funding rates and increased volatility of 1.97%, the highest in six months.