OpenAI has committed to $288 billion in cloud computing contracts with Microsoft and Amazon, securing 36 gigawatts of capacity, according to HSBC analysis. The firm projects the company will need to raise an additional $207 billion by 2030 to cover costs, even after accounting for projected revenues and existing financing options. Only one-third of the contracted capacity is expected to become operational by 2030, though payment obligations remain in effect regardless of deployment timelines.

The South African Reserve Bank has identified regulatory gaps in its oversight of digital assets as a growing threat to financial stability. Stablecoin trading volumes in the country surged from under 4 billion rand in 2022 to nearly 80 billion rand by October 2024. The central bank and National Treasury are developing stricter cross-border crypto regulations expected to take effect in 2025.

Between November 21 and November 22, 87,464 BTC moved out of institution-tagged wallets, data show. The movement primarily reflected custody reshuffling rather than selling pressure. Strategy accounted for 49,907 BTC in transfers to new custodians while adding 8,178 BTC to holdings during the period, according to Timechain Index founder Sani.

Texas purchased $5 million in BlackRock's iShares Bitcoin Trust ETF on November 20, 2025, making it the first U.S. state to directly invest in Bitcoin, according to state records. The acquisition occurred when Bitcoin traded near $87,000. The state allocated $10 million total for cryptocurrency holdings within its $60 billion permanent school fund, with $5 million remaining for future investments.

The Commodity Futures Trading Commission authorized Polymarket to resume U.S. operations as a regulated intermediated exchange through an Amended Order of Designation. Spot XRP exchange-traded funds launched by Grayscale and Franklin Templeton attracted combined net inflows exceeding $130 million on Monday. Swedish fintech firm Klarna announced plans to introduce a USD-backed stablecoin on the Tempo blockchain by 2026.

UK fintech firm Valereum Plc has entered a $200 million investment partnership with Valereum QGP-SP. The asset-backed financing arrangement is projected to generate $10.5 million annually at a 5.25% coupon rate. Valereum plans to use the capital for digital asset treasury development and pursue a Nasdaq or NYSE listing in H1 2026.

USDT0, a Tether-pegged omnichain stablecoin issued by Everdawn Labs, has surpassed $50 billion in cumulative transfers across 15 blockchain networks. The milestone was reached 10 months after its January 2025 launch using LayerZero's Omnichain Fungible Token standard. Over one-fifth of the total volume was transferred in the past month alone, with more than 415,000 transactions completed since debut.

VanEck has filed an application with the US Securities and Exchange Commission for a spot BNB exchange-traded fund, proposing to list on Nasdaq under the ticker VBNB. The fund would provide institutional and retail investors direct exposure to BNB through traditional brokerage accounts. The S-1 filing indicates the ETF will physically hold BNB tokens rather than using futures or cash-settled derivatives.