The first U.S. exchange-traded fund tracking XRP launched on Nasdaq on November 13, 2025. Canary Capital's XRPC opened at $40 per share and later traded near $26.30. The fund offers regulated exposure to XRP without requiring investors to hold the digital asset directly.

Multiple asset managers have filed XRP exchange-traded fund applications scheduled for Securities and Exchange Commission review between November 13 and late November 2025. Issuers include Bitwise, Franklin Templeton, 21Shares, CoinShares, Grayscale, and WisdomTree, representing firms collectively managing approximately $1.5 trillion in assets. The compressed review timeline spans roughly two weeks across multiple prominent issuers.

An unidentified trader deliberately destroyed $3 million while executing a leveraged manipulation on Hyperliquid's POPCAT perpetual contract, causing approximately $4.9 million in losses to the platform's hyperliquidity provider vault. The attacker withdrew USDC from OKX, distributed funds across multiple wallets, opened over $26 million in long positions, then removed an artificial buy wall to trigger mass liquidations.

A trader deliberately sacrificed $3 million to manipulate Hyperliquid's POPCAT perpetual market, causing the platform's Hyperliquidity Provider vault to absorb $4.9 million in losses. The attacker distributed funds across 19 wallets, opened over $26 million in leveraged positions, and erected a fake $20 million buy wall that triggered cascading liquidations when removed. The manipulator's entire stake was liquidated during the event, with analysts describing the incident as a structural disruption rather than a profit-driven exploit.

Solana's active addresses dropped to approximately 3.3 million on November 13, hitting a 12-month low and declining 63% from January's peak of over 9 million. The decline reflects reduced memecoin trading activity that previously fueled network growth. DeFi total value locked remains around $10 billion, with Jupiter, Kamino, and Jito leading platform participation.

Nasdaq issued formal certification for Canary's XRP spot ETF listing under ticker XRPC on November 13, 2025, with a 0.5% management fee. Prominent crypto trader Ansem projected Bitcoin could decline toward $86,000-$88,000 before any recovery attempt, identifying critical support at $97,500-$99,600. Ethereum co-founder Vitalik Buterin signed a trustless manifesto on November 13, 2025, emphasizing elimination of intermediary dependencies in decentralized systems.

Memecoin POPCAT fell 43% on Wednesday after a trader executed a manipulation scheme on Hyperliquid, a decentralized exchange. An unknown actor withdrew $3 million USDC from OKX, distributed funds across 19 wallets, and built long positions worth $20 million to $30 million on POPCAT. The trader then abruptly removed a $30 million buy wall, triggering mass liquidations totaling approximately $63 million.

Solana is retesting a key demand zone between $145 and $155 that has held since November 4, following a nearly 10% decline from weekly highs of $171.90. The asset is trading around $155 as technical indicators suggest potential further decline toward $140. On-Balance Volume shows continued selling pressure while the Money Flow Index remains below 50, reinforcing bearish momentum.