Japan's Financial Services Agency is implementing comprehensive reforms to regulate crypto lending, impose caps on token sales, and support a stablecoin network led by the nation's three largest banks. The regulatory framework aims to align digital assets with traditional financial instruments while enhancing investor protection and institutional participation.

ARK Invest has reduced its bullish Bitcoin price target for 2030 from $1.5 million to $1.2 million per coin. CEO Cathie Wood attributed the $300,000 downward revision to faster-than-expected stablecoin adoption in emerging markets, where digital dollar equivalents are increasingly used for transactions and savings. Wood maintains that Bitcoin retains its role as digital gold and the crypto ecosystem's reserve currency, with stablecoins serving complementary functions in everyday commerce.

Federal Reserve Governor Stephen Miran said on November 8, 2025, that growing demand for dollar-pegged stablecoins may be lowering the U.S. neutral interest rate. He argued the Fed should cut policy rates to avoid unintentional economic tightening. Miran warned that stablecoins could become a multitrillion-dollar factor for central bankers.

21Shares has filed an application with the U.S. Securities and Exchange Commission to launch a spot XRP exchange-traded fund, initiating a 20-day regulatory review period. XRP's price rose 5% following the announcement. The filing reflects growing institutional interest in the digital asset, with analysts noting that approval could set precedent for future cryptocurrency ETF applications.

Large Cardano holders distributed over 4 million ADA tokens in the past week, with data showing whale selling activity now declining. Retail investors are beginning to absorb the supply as derivatives metrics signal growing bullish sentiment. Open Interest rose 3.3% to $682.66 million, while taker buy dominance strengthened among traders.

Bitcoin has declined to around $100,200 after giving up gains above $104,000. The Coinbase Premium Gap—measuring the price difference between Coinbase (USD pair) and Binance (USDT pair)—has stayed negative over the past week, indicating sustained selling pressure from Coinbase users, particularly U.S.-based institutional investors, according to CryptoQuant analyst Maartunn.

21Shares filed Form 8-A with the SEC on November 8 to launch a spot XRP exchange-traded fund for U.S. investors. The submission initiates a 20-day regulatory review period. Approval would provide institutional investors with regulated access to XRP, potentially increasing capital flows into the cryptocurrency.

OpenAI has proposed to the White House Office of Science and Technology Policy that the existing 35% semiconductor manufacturing tax credit under the Chips Act be extended to AI data centers, server production, and electrical grid components. The company clarified it is not seeking a federal bailout despite earlier confusion from CFO remarks. The proposal follows OpenAI's $38 billion capacity agreement with Amazon Web Services.