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dYdX said it plans to introduce canonical USDC on the dYdX Chain v9.9, subject to governance approval. As Circle discontinues support for USDC on Noble, the token’s underlying chain will shift from Noble to Injective. The change will not affect the balances, positions or collateral of users holding USDC on the dYdX Chain.

Decentralized exchange Jupiter (JUP) announced the beta launch of Jupiter Vault, a Solana-based yield product. The product offers yield through strategies selected by Bitwise, Re7Labs, K3 Capital and HivemindCap, according to Jupiter.

Ethena said USDe has been added to Tydro, the Aave v3 instance on the Ink network. USDe supply will be available within a $200 million cap starting at around 11:30 p.m. UTC on Nov. 14, with any cap increase to be announced later.

Crypto-related stocks were broadly lower in U.S. trading, with Hut 8 (HUT) down 6.0%, Riot Platforms (RIOT) off 3.9%, MARA Holdings (MARA) down 3.9%, Robinhood (HOOD) falling 3.2%, Strategy (MSTR) losing 2.1%, and Coinbase (COIN) slipping 0.5%.

Hong Kong Exchanges will introduce a digital payment service from Dec. 14 that will let participants post collateral during after-hours trading in the derivatives market, according to the source. The service was developed in cooperation with the Hong Kong Monetary Authority (HKMA) and will support collateral payments using digital Hong Kong dollars. Eligible clearing participants of Hong Kong Futures Exchange Clearing Corporation Limited (HKCC) will be able to apply to post collateral through the digital payment method from 5:00 p.m. to 1:30 a.m. UTC on Dec. 14, and the deposited funds can be used during that after-hours trading session.

According to CoinNess market monitoring, BTC has fallen below $69,000. BTC is trading at $68,998.41 on the Binance USDT market.

The three major U.S. stock indices opened higher today. - S&P 500: +0.26% - Nasdaq: +0.17% - Dow Jones: +0.30%

Jamie Selway, director of the U.S. SEC’s Division of Trading and Markets, said the agency plans to expand the use of superintelligence-based tools to respond to changes in financial markets as new investment instruments such as tokenized securities and perpetual futures contracts emerge. Selway said financial markets are shifting toward 24-hour trading, while discussion is also underway on central clearing for the U.S. Treasury market and reforms to core mechanisms of the National Market System, or NMS. Selway added retail investors and passive asset managers now wield market influence beyond historical levels, and said as data becomes more accessible, research priorities are shifting from securing differentiated datasets to processing large-scale data. The SEC also plans to expand its use of superintelligence-based tools and cooperation with academia, he said.

The central banks of the UK, Singapore and Thailand have completed a test to determine whether cross-border currency transactions can be settled simultaneously by linking traditional financial systems with distributed ledger technology-based systems, Cointelegraph reported. The test focused on proving that settlements processed through different systems could be completed at the same time, and the results confirmed that simultaneous settlement of cross-border currency trades between the two systems is possible.

Cardano founder Charles Hoskinson said on his YouTube channel that the project’s roadmap is complete and everything he had promised to build has been implemented. Responding to a dissatisfied investor who pointed to his past remark that Cardano could overtake Bitcoin, Hoskinson said he had only expressed hope for that outcome and had never promised a price surge or a shift in market leadership. Hoskinson also said critics want him to push up the price of his holdings, ADA, and argued that if his mission could end only by continuously driving the token higher, it could never be finished. According to CoinMarketCap, ADA was trading at $0.1739, up 1.82%, at the time of writing.

Payward Inc., the parent company of U.S. crypto exchange Kraken, posted third-quarter net profit of $60 million, down 67% from a year earlier as weakness in the crypto market persisted, Bloomberg reported, citing a recent shareholder letter from the company. In the letter, Payward said total platform margin fell 12% year over year to $487 million, while total platform trading volume declined 30% to $353 billion. Payward added it will offer onchain perpetual futures trading in the United States, subject to regulatory approval, and plans to enter the prediction market business over the long term and issue its own token.

Two Bitcoin whale addresses dormant for 16 years each transferred 50 BTC, or 100 BTC worth $6.89 million in total, to new addresses, The Block reported, citing Bitcoin explorer Mempool. The transferred BTC was later consolidated into a single new address. The BTC came from 2010 mining rewards and was worth about $6 in total at the time. The identity of the wallet owner and the purpose of the transfer were not confirmed.

Michael Selig, chairman of the U.S. Commodity Futures Trading Commission, said in an interview with CNBC that major crypto exchanges and new market entrants are showing interest in joining the CFTC’s federal regulatory framework. He said some new entrants prefer obtaining a license from the CFTC rather than complying separately with regulations in all 50 states. The CFTC began a public comment process on Oct. 5 to establish a federal regulatory framework for crypto spot commodity trading, after the Clarity Act, a crypto market structure bill, failed to advance in the Senate in September. Selig added that the agency plans to use its existing legal authority to allow registered exchanges to offer crypto spot and leveraged products in a regulated environment.

According to CoinNess market monitoring, BTC has risen above $70,000. BTC is trading at $70,172.41 on the Binance USDT market.

Crypto analyst Mac D said on X the BTC uptrend remains intact as long as the price does not break below $64,200. Mac D added short-term holders’ realized losses have now reached levels similar to those seen when major bottoms formed in past bull markets, and said key market bottoms have consistently emerged during periods of extreme fear.

U.S.-listed Bitcoin accumulation company Twenty One Capital (XXI) held 43,514 BTC as of the third quarter, according to a recent filing with the U.S. SEC. Of that amount, 16,116 BTC was pledged as collateral for convertible notes. Cash and cash equivalents stood at $102.8 million, while outstanding convertible notes principal totaled $486.5 million. Twenty One Capital also posted third-quarter net income of $1.087 billion, with $1.093 billion in fair-value gains on Bitcoin driving the increase in net profit.

UK-based web developer Smarter Web Company (SWC), which has been strategically accumulating Bitcoin, is set to be added to the MSCI United Kingdom Micro Cap Index on Nov. 30, Crypto Briefing reported. Smarter Web formally adopted its BTC accumulation strategy last year and held 2,850 BTC as of Oct. 23. The company also moved its listing to the London Stock Exchange’s Main Market in February and was later added to the FTSE All-Share and SmallCap indexes in March.

Crypto analyst Omkar Godbole said BTC’s weekly moving average convergence divergence, or MACD, histogram entered negative territory this week, indicating fading upward momentum. Godbole added that if the weekly candle remains negative through Sunday’s close, the bearish signal will be confirmed. Since November 2012, 13 of 24 bearish weekly MACD signals were followed by declines of more than 16% before BTC turned bullish again, he said. If that pattern repeats, BTC could fall from $69,000 to around $57,700.

Pomp Investments founder Anthony Pompliano said on X that Bitcoin is now being grouped with artificial intelligence as part of one major investment theme. Pompliano added that while Bitcoin has fallen back to levels seen around three months ago, there is no need for excessive concern. He said a calmer view of the market suggests Bitcoin and AI are moving as a single investment theme.

Japan-listed Bitcoin treasury firm Metaplanet bought back an additional 12,256,200 shares worth about $18.76 million, or around 3 billion yen, to increase its BTC holdings per share, Crypto Briefing reported. The purchases were made on the Tokyo Stock Exchange from Nov. 1 to 12. The latest buyback raised the cumulative total under the share repurchase program approved in October to 108,703,600 shares, or about 54.4% of the overall 200 million-share limit. Separately, Metaplanet is scheduled to be removed from the MSCI Japan Small Cap Index on Nov. 30, according to the report.

Matt Cole, CEO of Bitcoin accumulation company Strive (ASST), said on The Pomp podcast that the company would not need to sell a single BTC even if Bitcoin fell 80%. Cole added Strive currently holds enough cash to meet all obligations for 18 months even if BTC drops to $0.01.

Meme-coin trader Ansem said on X that one of the biggest growth catalysts the crypto industry needs is innovative applications that can attract new user groups. Ansem added that early signs emerged this summer on meme-coin issuance and trading platform PUMP and crypto social trading app FOMO, while Friendtech in 2023 also drew in users who had not previously participated in the crypto market. Ansem said crypto neobanking and payment card services, including ETHFI, have also recently been drawing attention. Apps that offer new forms of consumption and on-chain participation could drive the market’s next expansion, with new users and capital inflows as the key variables. Ansem has previously faced criticism from well-known on-chain analyst ZachXBT and others, who said Ansem promoted low-market-cap meme coins, encouraged buying by retail investors and took part in so-called pump-and-dump activity.

U.S.-listed Bitcoin treasury company Nakamoto (NAKA) held 4,283 BTC, worth about $357.9 million at the time, as of Sept. 30, according to a filing with the U.S. SEC. Nakamoto also reported about $85.5 million in net income for the third quarter, driven mainly by $110.4 million in non-cash fair value gains on its crypto holdings. The filing also showed Nakamoto posted 3,030 BTC as collateral to borrow USDT from U.S. crypto exchange Kraken and extended the maturity of 60 million USDT from a 165 million USDT loan to Dec. 4, 2027.

Latin American cryptocurrency exchange Bitso will support integration with Hyperliquid, the decentralized perpetual futures exchange HYPE, Wu Blockchain reported. The integration will allow Bitso users to access on-chain perpetual futures trading within Bitso without moving to the Hyperliquid platform.

Crypto trader and analyst DrProfitCrypto said on X BTC appears to have formed a bottom at $68,000 and that DrProfitCrypto has personally started buying. DrProfitCrypto added the 200-week moving average has historically been one of the most reliable indicators for identifying bear-market bottoms and has accurately captured major cycle lows over the past 10 years alongside the four-year cycle. DrProfitCrypto said large-scale buying is now underway at the current price range.