U.S.-traded Bitcoin spot exchange-traded funds recorded combined net outflows of $869.86 million on Thursday, the second-largest single-day withdrawal since their market debut, data show. Grayscale Mini Trust led with $318.2 million in outflows, followed by BlackRock's IBIT at $256.6 million. The selloff coincided with Bitcoin falling below $100,000 for the first time in 188 days.

Luxembourg's Intergenerational Sovereign Wealth Fund has allocated approximately €7 million to Bitcoin, representing 1% of its total assets, Finance Minister Gilles Roth announced at Bitcoin Amsterdam 2025 on November 13, 2025. The minister stated the fund will hold BTC long-term and has no plans to invest in other crypto assets. Roth cited the country's decade-long experience regulating crypto firms, noting that Bitstamp became the first European crypto exchange regulated by Luxembourg nearly ten years ago.

Canary Capital submitted an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday, seeking approval for an exchange-traded fund tied to MOG Coin, according to the filing. The submission represents the investment firm's first attempt to launch a fund tracking a memecoin. The ETF may hold up to 5% in Ether to cover transaction costs on the Ethereum network.

Gemini Space Station reported a 52% quarter-over-quarter revenue increase in Q3 2025, generating nearly $50 million in its first quarter as a publicly traded company. The Winklevoss-operated crypto exchange posted a net loss of $159.5 million, or $6.67 per share, exceeding analyst expectations of $3.24 per share. Following the earnings release, Gemini shares declined as much as 12% in after-hours trading, falling below $15 to reach an all-time low.

A Columbia University study has found that wash trading accounted for nearly 25% of all transactions on Polymarket over the past three years. Sports markets showed the highest prevalence at 45% of volume, while crypto markets recorded the lowest at 3%. The decentralized prediction platform achieved $2.59 billion in trading volume in October and secured $205 million in funding across two rounds.

Large Ethereum holders collectively purchased 394,682 ETH valued at $1.37 billion over three days, data show. The largest buyer acquired 257,543 ETH for approximately $896 million at $3,480 per token. Other major holders including Bitmine added 40,719 ETH worth nearly $140 million during the accumulation period.

Strategy has announced an initial public offering of 3.5 million shares of 10.00% Series A Perpetual Preferred Stock denominated in euros, trading under the symbol STRE. The company will use net proceeds for general corporate purposes, including Bitcoin acquisitions. The offering targets European and global institutional investors seeking structured exposure to Bitcoin markets.

Former Binance CEO Changpeng Zhao disclosed a personal purchase exceeding $2 million in ASTER tokens on November 2, according to his social media announcement. The DEX protocol token climbed from $0.91 to a peak of $1.26 following the disclosure. Zhao emphasized a long-term holding approach rather than active trading.

Coinbase posted net income of $432.6 million for the third quarter of 2025, exceeding analyst expectations and marking a fivefold increase from $75.5 million in the same period of 2024. The exchange acquired 2,772 BTC during Q3, bringing its total holdings to 14,548 BTC valued at $1.6 billion.