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.

Bitwise Asset Management launched a Dogecoin exchange-traded fund on November 26, 2025, trading under ticker BWOW on the New York Stock Exchange. The fund provides institutional access to Dogecoin, the seventh-largest cryptocurrency with approximately $22 billion in market capitalization and $1 billion in daily trading volume. The ETF carries a 0.34% management fee, waived for the first month on initial assets up to $500 million.

Bitwise Asset Management has launched the BWOW Dogecoin ETF on NYSE Arca on November 26, 2025, following months of community requests for regulated DOGE exposure. As of November 25, 2025, Dogecoin holds a $22 billion market cap and daily trading volume exceeding $1 billion. The fund tracks Dogecoin price performance with Coinbase Custody Trust Company holding underlying assets.

Franklin Templeton has completed the final SEC filing for its Solana exchange-traded fund, positioning the product for imminent trading under ticker SOEZ on NYSE Arca. The fund will charge an annual fee of 0.19%, waived on the first $5 billion in assets through May 2026. The move follows strong inflows into single-asset crypto ETFs, including the firm's XRP product, which attracted nearly $70 million in its first two days.

The Monad blockchain experienced fraudulent ERC-20 transfer activity less than two days after its mainnet launch. Attackers exploited the token standard to generate fake transaction records on block explorers, creating misleading wallet activity without moving actual funds or obtaining user signatures. James Hunsaker, CTO and co-founder of Monad, confirmed the issue stems from the ERC-20 interface standard rather than network vulnerabilities.

Cardano has dropped to approximately $0.41, making it one of the weakest performers in the recent market downturn. The network's total value locked has fallen 36% to around $186 million. Founder Charles Hoskinson expects activity to pick up following the December launch of the Midnight sidechain.

Kaspa (KAS) saw open interest rise 42% to $66.92 million within 24 hours, driven by leveraged long positions with a positive funding rate of 0.0035%. However, active addresses fell 97.72% from 513,110 on November 11 to 11,770, while on-chain data showed distribution patterns and reduced network engagement. Despite $1.3 million in selling pressure over 48 hours, 54.84 million addresses maintained non-zero balances, suggesting stability in holder base even as momentum indicators weakened.

XRP climbed 7% to $2.19 in the past 24 hours, outpacing the broader cryptocurrency market. On-chain data shows the derivatives Open Interest Delta RSI has risen above 70, a level historically associated with aggressive speculative positioning and local price peaks.