Business

November, 2025

• 8 November

  XRP ETF Update: 21Shares Kicks Off 20-Day Countdown With SEC Amendment

  

  In a significant development for the cryptocurrency market, 21Shares has filed an amendment with the U.S. Securities and Exchange Commission (SEC) for its proposed spot XRP exchange-traded fund (ETF). This filing officially starts the 20-day review countdown, bringing the crypto community one step closer to what could be the first U.S. spot XRP ETF. What the Filing Means 21Shares’ amendment …
• 8 November

  Bitcoin Down, Altcoins Bleeding — The Real Reason Behind Today’s Crypto Crash

  

  The crypto market hemorrhaged $710 billion in 24 hours on Nov 8, 2025, as Bitcoin plunged 9% to $99,840—erasing all yearly gains—and altcoins bled up to 40% in the worst weekly wipeout since March.  The Trigger: Leverage Tsunami Meets Shutdown Panic A record $19 billion leveraged-position purge—9× February’s crash—ignited when BTC breached its 200-day moving average at $103,200. Coinglass data …
• 8 November

  Crypto Privacy Dev Sentenced: Samourai Wallet’s Keonne Rodriguez Faces Full Jail Term

  

  In a blistering blow to crypto privacy, Samourai Wallet co-founder Keonne Rodriguez was sentenced to the full five years in federal prison plus a $250,000 fine on Nov. 6, for running an unlicensed money-transmitting business that prosecutors say laundered $237 million in dirty Bitcoin. The Crime: “Money Laundering for Bitcoin” U.S. District Judge Denise Cote handed down the statutory maximum, …
• 8 November

  Crypto Bill Stuck in Limbo: 38-Day U.S. Shutdown Blocks Key Senate Vote

  

  Washington’s record-breaking government shutdown, now in its 39th day since Oct. 1, has paralyzed Congress and indefinitely postponed a pivotal Senate vote on digital asset legislation. The bipartisan **CLARITY Act**—a sweeping market structure bill to clarify oversight between the SEC and CFTC—remains sidelined as lawmakers prioritize ending the funding crisis. A Bill Poised to Transform U.S. Crypto Rules The CLARITY …
• 7 November

  Army Marksmanship Unit, Mhow Signs MoU with Reliance Foundation to strengthen their shooting program

  

  The Army Marksmanship Unit (AMU), Mhow, the elite shooting training establishment under the Indian Army’s Mission Olympics Wing, has signed its first-ever corporate partnership for sports development with Reliance Foundation (RF). This partnership currently supports 14 shooters training at AMU, including Paris Olympian Sandeep Singh and Subedar Preeti Rajak, the Army’s first woman Subedar. Mrs. Nita M. Ambani, Founder Chairperson, …
• 7 November

  South Korea Weighs Action After U.S. Says North’s Crypto Loot Funds Nukes

  

  Pyongyang’s piggy bank just got raided—again. The U.S. Treasury slapped sanctions on eight North Korean bankers and two firms Monday for laundering **$3 billion** in stolen crypto straight into Kim Jong Un’s nuclear arsenal, sparking Seoul to dust off its own penalty playbook. Second Vice Foreign Minister **Kim Ji-na** fired the warning shot on Yonhap TV: “We can review sanctions …
• 7 November

  Elixir Suspends deUSD Support After Stream Finance Suffers $93M Exploit

  

  One bad borrow just nuked a $150M stablecoin. Elixir pulled the plug on deUSD Thursday after Stream Finance—its biggest debtor—admitted a $93 million off-chain wipeout, sending the synthetic dollar to 1.5 cents. “Stream owes us $68M and holds 90% of deUSD ($75M),” Elixir posted on X. “We processed 80% redemptions at $1 before the crash—claims portal drops today for the …
• 7 November

  Japan’s FSA Approves Yen Stablecoin Trial With Three Banking Giants

  

  The yen just got a blockchain upgrade. Japan’s Financial Services Agency (FSA) green-lit the nation’s first megabank stablecoin pilot Friday, uniting MUFG, SMBC, and Mizuho to issue a 1:1 yen-pegged digital token under the Payment Innovation Project (PIP). Kicking off November 2025, the open-ended trial tests instant corporate settlements, cross-border rails, and public-chain bridges—powered by MUFG’s Progmat platform (Ethereum/Polygon/Avalanche/Cosmos). Mitsubishi …
• 7 November

  Global Market Woes Deepen: Asia Stocks, Crypto Fall on Economic Concerns

  

  Risk-off swept Asia Friday as Wall Street’s AI hangover—Nvidia -5%—spilled over. Nikkei 225 cratered 1.7% (905 pts), Kospi -2.4% (96 pts), Hang Seng -0.9% (241 pts) and Shanghai -0.25% on tepid factory data. Thailand’s SET shed 0.8%. “Tech valuations are frothy—shutdown blackout kills US data, traders hit sell,” said QuantumEdge’s Rhea Tan. MSCI ACWI heads for first weekly drop in …
• 7 November

  Columbia Study Claims Polymarket Trading Volume Is Inflated by ‘Wash Trades

  

  Your $100 Trump “Yes” bet? One in four trades on Polymarket may be hot air. Columbia University dropped a bombshell Thursday: 25% of the prediction giant’s three-year volume—$6B+—is pure wash trading, where wallets ping-pong shares to juice stats. Prof Yash Kanoria’s 42-page autopsy (Polygon on-chain data) sliced it: – Sports: 45% fake – Elections: 17% – Politics: 12% – Crypto: …