U.S. District Judge Jessica Clarke declared a mistrial on November 7, 2025, in the first criminal prosecution targeting maximal extractable value (MEV) manipulation on Ethereum. Brothers Anton and James Peraire-Bueno faced charges of exploiting the network's validator layer to steal $25 million. After three days of deliberation, the jury remained deadlocked and could not reach a unanimous verdict.

XRP has fallen nearly 10% over the past week, trading below $2.30 after stalling at $2.40. On-chain data show long-term holders are now realizing profits during price weakness rather than rallies—a behavior shift from previous cycles that raises questions about near-term momentum.

21Shares submitted Amendment No. 3 to its Spot XRP ETF application under Section 8(a) of the Securities Act of 1933, triggering an automatic 20-day approval window. The SEC must respond within 20 days or approval proceeds automatically. XRP rose over 6% to $2.32 following the filing, according to Bloomberg ETF analyst Eric Balchunas.

Pakistan is evaluating the development of a stablecoin pegged to the rupee, according to Zafar Masud, President of the Pakistan Banks Association. Officials estimate the country could capture $20 billion to $25 billion in cryptocurrency-related economic growth. The banking sector has warned that delays in digital asset regulation may result in lost investment opportunities.

Ethereum liquidated short positions below $3,600 after briefly dropping to $3,200. Over $10 billion in ETH liquidity now sits between $3,600 and $4,500, creating conditions for a potential short squeeze. Whale accumulation and institutional buying have increased during the recent price decline.

ZCash dropped 14% in the past 24 hours, yet on-chain data suggest conditions for a potential recovery toward $1,000. Miner profitability remains strong, trading volume surged 138% to $4.61 billion, and spot investors accumulated $34.46 million worth of ZEC in 24 hours, signaling renewed market confidence.

ARK Invest purchased 48,454 BitMine shares valued at approximately $2 million on November 8, 2025, across three ETFs. The firm simultaneously sold 71,638 Tesla shares worth roughly $30 million. BitMine maintains 3.4 million ETH in its corporate treasury as part of its digital asset strategy initiated in April 2025.

The XRP Ledger has launched native Layer-1 smart contract testing on AlphaNet, its development-focused network. The implementation combines EVM-compatible contract patterns with XRPL's existing infrastructure, enabling developers to build decentralized applications directly on the ledger. Denis Angell, software engineer at XRPL Labs and Xahau, announced the milestone on November 7, 2025.