Cardano's decentralized finance total value locked rose 28.7% in Q3 2025, reaching its highest level since early 2022. The network's market capitalization expanded 42.5% to $29.5 billion, according to Messari's State of Cardano report. Between November 7 and 10, large holders accumulated 348 million ADA tokens valued at over $204 million.

Bitcoin long-term holders have more than doubled their positions between late October and early November, adding over 36,000 BTC. New whale cohorts have realized over $1 billion in losses since late October, with Bitcoin trading below their average cost basis of approximately $110,800. Risk-adjusted return metrics have declined throughout the year, reflecting cooling institutional sentiment.

The U.S. Treasury and Internal Revenue Service issued Revenue Procedure 2025-31 on November 10, enabling exchange-traded products holding digital assets to stake and distribute rewards without creating immediate tax liabilities for investors. Treasury Secretary Scott Bessent said the guidance aims to enhance investor benefits and support U.S. leadership in blockchain innovation. The safe harbor requires ETPs to meet specific operational criteria, including SEC approval and use of third-party custodians.

The U.S. Senate advanced a continuing resolution to fund federal agencies through January 30, 2026, ending a 41-day government closure. The reopening restores critical inflation data releases and Treasury auction schedules. The October Consumer Price Index will be released on November 13, with the Producer Price Index following on November 14.

Canary Capital has received regulatory approval for the first U.S. spot XRP exchange-traded fund. The ETF will trade on Nasdaq under ticker XRPC starting Thursday, November 13, 2025. The firm filed Form 8-A with the SEC on November 10, completing the final regulatory requirement before market launch.

Business intelligence firm Strategy purchased $50 million worth of Bitcoin on Monday at an average price of $102,557 per coin, marking its largest acquisition since late September. Shiba Inu broke above the $0.00001 price level after trading below this threshold for several weeks. Ripple Labs reached a $40 billion valuation following a $500 million funding round, CNBC reported.

Bitcoin approached $110,000 over the weekend but failed to sustain the level despite favorable catalysts including Trump's proposed $2,000 tariff dividend and progress toward resolving the government shutdown. Analysis identifies a resistance zone between $107,000 and $118,000, driven by increased selling from long-term holders, macroeconomic headwinds, and weakening conviction that positive headlines have been unable to overcome.

Canary Capital secured Nasdaq approval for XRPC, the first U.S. spot XRP exchange-traded fund, with trading set to commence Thursday following final regulatory clearance. XRP climbed nearly 10% following the announcement. The fund aims to provide institutional investors with regulated exposure to XRP.