Circle (CRCL), issuer of the USDC stablecoin, has seen its stock decline 68% from its June 23 peak of $298 to around $82. The company faces its lockup period expiration this Friday, two days after third-quarter earnings release. Analysts warn that historical data shows 58% of outperforming IPOs underperform post-lockup.

Bitcoin dropped below $94,000 on Friday, reaching its lowest level since early May. Market technician Axel Adler Jr. presented a valuation framework identifying $87,000 and $74,000 as critical downside zones, both now considered achievable based on current on-chain metrics. The decline has erased over $1 trillion from total cryptocurrency market capitalization since October.

Chainlink has recorded a GitHub activity score of 366 over the past 30 days in real-world asset blockchain development, exceeding the second-ranked project by more than 35 percent. Hedera and Avalanche rank second and third in developer engagement metrics, data show. The analytics measure productivity through code commits and repository updates across tokenization-focused networks.

Seven XRP exchange-traded funds are scheduled to launch between November 18 and November 25. Franklin Templeton will debut its EZRP ETF on November 18 via CBOE, followed by Bitwise on November 20. European issuers 21Shares and CoinShares will launch on November 21–22, with Grayscale and WisdomTree closing the series on November 25.

Michael Saylor refuted speculation that Strategy sold bitcoin holdings after BTC dropped below $94,000 on November 14, 2025. Saylor confirmed the company bought BTC every day this week. Strategy holds 641,692 BTC worth approximately $62 billion.

Recent rumors claimed MicroStrategy sold over $1 billion in Bitcoin as prices dropped below $95,000. Investigation of on-chain data, SEC filings, and official statements confirms no sales occurred. Large wallet transfers represented custodian changes, not liquidations.

Real-World Asset (RWA) tokens are showing resilience during the broader crypto market decline, with developer activity accelerating across major projects. Chainlink leads all RWA initiatives in development momentum, according to on-chain data. Hedera and Avalanche also rank among the top contributors to the sector's growth.

American Bitcoin posted a $3.5 million profit in the third quarter, reversing prior-year losses as mining margins widened to 56%. Revenue surged to $64.2 million from $11.6 million year-over-year. The company expanded its bitcoin holdings to 4,004 BTC, valued at approximately $400 million as of November 5.