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GYEN, the yen-pegged stablecoin, said the initial redemption period for GYEN and ZUSD ended on Nov. 11. Any remaining GYEN and ZUSD will be subject to mandatory redemption in USDC under Article 11 of the stablecoin terms of use.

Crypto custody firm BitGo (BTGO), a U.S.-listed company, announced the launch of USDC minting and redemption services for clients of its subsidiary regulated by the U.S. Office of the Comptroller of the Currency. According to The Block, eligible clients of BitGo Bank & Trust can request USDC minting and redemption through their BitGo accounts without opening a Circle (CRCL) account. The service supports nine networks: Ethereum, Solana, Base, Arbitrum, Polygon, Avalanche, HyperEVM, Monad, and Aptos.

Tighter European Union regulation of DeFi could ultimately weaken investor protection, Coinbase's EU policy chief Roeland Van der Stappen said in an interview with Cointelegraph. Van der Stappen said platforms subject to the rules may restrict or suspend access to DeFi, prompting investors to shift to platforms with lower levels of protection. Lending, liquidity provision and onchain trading could be affected, he added, while more stringent regulation could disperse DeFi liquidity and hurt cryptocurrency prices through liquidity fragmentation. The European Securities and Markets Authority proposed in September creating a new regulatory category for companies that provide access services to DeFi protocols.

Bitcoin accumulation firm Strive (ASST) announced it will raise the annual dividend rate on its perpetual preferred stock SATA to 13.25% from 13%, effective Dec. 1, according to the company. SATS will maintain its fixed annual dividend rate of 15%. Both SATA and SATS pay cash dividends daily on business days. Strive said it has bought BTC using only funds raised through preferred stock, without debt, and currently holds 43,153 BTC and dividend reserves covering 18 months.

Nasdaq-listed Hyperion DeFi, a DAT company focused on accumulating Hyperliquid's HYPE, disclosed in its third-quarter earnings report that it held 1.848 million HYPE as of Sept. 30. The holding was down from 2.04 million HYPE at the end of the second quarter after the company sold part of its position to repay debt. At HYPE's quarter-end price of $90.83, the remaining holdings were worth $167.9 million. Hyperion DeFi posted third-quarter revenue of $810,000 and net income of $39.59 million, up 168% and more than 500% from a year earlier, respectively. Most of the net income came from HYPE's rise.

AVA Foundation and crypto travel booking platform Travala announced the launch of AVA 3.0 and unveiled its roadmap. Built on the existing AVA 2.0 framework, AVA 3.0 strengthens real-world travel products, a transparent token buyback mechanism, and quantifiable membership benefits. Travala will serve as the main commercial use case for the AVA token. So far, AVA Foundation has bought back a total of 5,604,400 AVA, including 779,700 AVA, or 1.1% of circulating supply, which has been permanently locked in Travala’s AVA strategic reserve.

BlackRock deposited 4,189 BTC ($304.72 million) and 68,230 ETH ($139.16 million) into Coinbase Prime, for a total of about $444.4 million, according to Onchain Lens. Such crypto transfers by BlackRock to an exchange may be part of operational processes tied to inflows and outflows in its spot crypto ETFs, including settlement and redemptions.

A golden cross may be forming on Bitcoin’s three-day chart, CryptoPotato reported. Crypto analyst Merlijn The Trader said BTC fell to $60,000 after a death cross emerged in December last year, but the direction of the moving averages has now turned and bullish momentum is appearing. He added, "I have already built a position and will enter the rest through staggered buying." Analyst Friedrich said BTC could quickly rise to $103,000 if it posts a clear close above $75,600. If it fails to break through that level, Friedrich said, it could fall to $60,000-$65,000 or lower.

Dogecoin is seeing wider use in Canada’s online betting and digital entertainment market, where users are drawn to its fast settlement, low fees and decentralized security, Finbold reported. According to the report, Canadian users frustrated by credit card payment limits, bank transfers that can take days and high foreign-exchange fees are increasingly turning to DOGE, as deposits and withdrawals can be completed within minutes, fees are minimal and there is less risk of funds being frozen by intermediaries. Platforms including Rocketplay are also supporting adoption by offering wallet integration and instant-withdrawal guides. As demand rises, authorities in provinces including Ontario are stepping up oversight of crypto platforms, while the Bank of Canada has indicated that growing cryptocurrency demand is threatening the traditional banking system.

Nasdaq-listed Bit Digital, which is focused on Ethereum investment, said it held about 163,726 ETH worth $439.4 million as of the end of the third quarter this year. Of that total, 74,606 ETH worth $200 million was held directly. During the third quarter, the company staked 73,683 ETH in liquid staking and received 66,192 LsETH. It used 19,000 LsETH as loan collateral. Over the same period, Bit Digital sold 1,625 ETH at an average price of $2,114.6, securing about $3.4 million, and made no new ETH purchases.

Bluwhale (BLUAI), an AI-based Web3 startup, announced the launch of "Create Agent," an AI-powered perpetual futures trading feature on its Bluprint platform. Users can create AI trading agents by setting trading strategies in natural language, and the generated agents automatically execute spot and perpetual futures trades based on the configured rules. The platform also supports strategy backtesting using historical market data and real-time market simulations using virtual funds.

Coinbase Markets said on X that an around $589 million short gamma position has formed near ETH at $1,980. In a short gamma zone, options dealers’ hedging trades can amplify selling pressure when prices fall and buying pressure when prices rise, it said. Coinbase Markets added that if ETH tests $1,980, the strength of the existing support level could weaken and price volatility could increase.

According to CoinNess market monitoring, BTC has fallen below $73,000. BTC is trading at $72,964.11 on the Binance USDT market.

Tron, Tether and Chainalysis have launched the Digital Crime TaskForce to detect and block illicit USDT flows on the Tron chain, according to Crypto Briefing. The three companies plan to work together in response to a rise in AI-driven crime, combining Chainalysis’ tracking capabilities, Tron’s network and Tether’s authority to freeze addresses to work directly with law enforcement and speed up responses. Tron and Tether had previously launched a financial crime response unit with TRM Labs, but it was disbanded in August over coordination issues.

Layer-1 blockchain Enjin Coin (ENJ) announced the launch of Enjin Governance 2.0, which lets users draft proposals, vote and review treasury status. The community-focused update includes more readable proposal pages, clearer treasury funding requests and a Fellowship feature.

Bitcoin remains in a short-term downtrend after falling below the key support level of $76,400, The Crypto Basic said. The outlet added, "BTC" has attempted several rebounds since slipping under $76,400 on Nov. 5 but has failed to reclaim that level. On the four-hour chart, both highs and lows have continued to trend lower, signaling bearish price action. The outlet said the next key support zone stands at $72,700-$73,000, and a break below that range could increase the likelihood of further losses. On the upside, a recovery above $76,400 and sustained trading at that level could serve as an early sign of a short-term trend reversal. Resistance levels were identified at $79,500, $83,500 and $87,000.

Bitcoin has recorded a death cross in which its 50-week moving average fell below its 100-week moving average, the fourth such signal on record, according to an analysis by The Crypto Basic. The outlet said the latest death cross came 11 to 12 days after the low reached last summer and noted that in past instances, the market turned higher in nine to 15 months. If the same pattern plays out this time, Bitcoin could rebound between April and October next year, it said. The outlet added BTC is currently trading below both its 50-week and 100-week moving averages and would need to reclaim those levels to reverse the trend. It said this view would be invalidated if BTC falls below last summer’s low.

BNY increased its holdings in Strive (ASST) to 257,718 shares worth $5.78 million in the third quarter, up 39% from the previous quarter, BitcoinTreasuries reported. Strive is a Bitcoin treasury company, and holding its stock can be interpreted as an indirect investment in BTC.

Swiss crypto bank Sygnum has launched ETH Alpha Fund SP, a fund for professional investors targeting annual net returns of 8% to 10% in Ethereum, The Block reported. The fund combines ETH staking with option premiums, inter-exchange arbitrage, derivatives and funding-rate strategies, with all gains and losses realized in ETH rather than U.S. dollars. The fund opened on Nov. 2, according to The Block, and is available to eligible professional investors.

UK-based Griffin Bank said it raised $20 million in a Series B funding round led by Octagon Partners, with participation from Notion Capital, A Plus Ventures and Nordic Ninja. The bank was valued at $100 million. Griffin Bank said it plans to use the proceeds to expand its business and improve profitability, while developing stablecoin reserve asset-related services for corporate clients and pursuing on-chain cross-border payment solutions.

Crypto exchange Backpack (BP) announced a partnership with Minna Bank, a banking unit of Fukuoka Financial Group (FFG), one of Japan’s largest regional financial groups. The two sides plan to pursue crypto-linked digital banking services in Japan using Backpack’s on-chain infrastructure, according to The Block.

A wallet believed to be linked to F2Pool co-founder Wang Chun bought 5,246 ETH worth $10.78 million over the past two days at an average price of $2,054, according to Lookonchain. Lookonchain added that Wang had sold 6,200 wstETH worth $18.5 million about a week earlier, when ETH was near $2,400.

Wallets tied to Citadel Mining, a Bitcoin mining facility linked to Abu Dhabi’s royal family in the UAE, are privately holding about $532 million worth of BTC, according to on-chain analytics firm Hupzy, formerly Spot On Chain, citing Arkham data. The wallets were reportedly identified by cross-checking on-chain mining activity, satellite imagery and official reports from Phoenix Group. Hupzy said the firm’s decision to hold, rather than sell, large mined BTC volumes is reducing circulating supply for now, while any future sales could have a significant market impact.

U.S. exchange Gemini sold its UK and European business units to stablecoin payments company KAST for less than $10 million, CoinDesk reported. Gemini made the move as part of restructuring aimed at cutting costs and securing profitability. KAST, which raised $80 million in a Series A round in March, will gain regulatory licenses and European operating capabilities through the acquisition. Gemini is focusing on reshaping its core businesses, including capital raising and expanding its prediction markets business.

If BTC rises above $75,028, short positions worth $546 million could be liquidated across major centralized exchanges, according to Coinglass data. If BTC falls below $72,049, long positions worth $1.02 billion could be liquidated.