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Bitcoin remained rangebound near $74,000 after falling to as low as $72,700 yesterday, even as U.S. equities recovered, CoinDesk reported. The outlet said AI cloud company CoreWeave posted earnings above market expectations, helping Nasdaq 100 futures rebound 1.7%. By contrast, the CoinDesk Memecoin Index and CoinDesk 80 Index fell 1.2% and 0.3%, respectively. Spot Bitcoin ETFs in the U.S. also continued to see outflows. According to SoSoValue, U.S. spot Bitcoin ETFs recorded net outflows of $95 million yesterday, extending the streak to four consecutive trading days. BlackRock's IBIT saw $78 million in outflows, marking a net outflow streak of eight straight trading days.

Orbs said it has opened a formal governance vote on OIP-10, a proposal to burn a total of 507,546,03 ORBS. The proposal calls for retroactively applying season-by-season burn allocations and carrying out the burns in weekly installments. A final version was prepared after community review and discussion, and if approved, weekly burns will continue until the full allocated amount is destroyed.

Centralized exchange spot trading volume in October fell 9.7% from the previous month to $1.02 trillion, CoinDesk reported. By contrast, CEX derivatives trading volume declined 1.7% to $3.87 trillion, showing relatively greater resilience. As a result, derivatives' share of total CEX trading volume rose 1.5 percentage points to 79.1% from 77.6% a month earlier.

Layer-1 blockchain Polymesh (POLYX) said it has applied version 8.1.3 to its mainnet. All assets on Polymesh now receive EVM addresses, with ERC-20 applied to fungible assets and ERC-721 to NFTs. Existing regulatory compliance requirements continue to apply to all transfers. The update also adds holder-level freezing and NFT approval features.

U.S. House Democrats are preparing a new crypto market structure bill that would expand the U.S. SEC’s oversight authority, Crypto Briefing reported. Democrats plan to pursue the bill in the 120th Congress, which is set to begin in January 2027. The bill is being drafted based on amendments to the "Crypto Investor and Consumer Bill of Rights" proposed by Democratic Rep. Maxine Waters in 2025, according to Crypto Briefing. It is expected to broaden the SEC’s authority over the crypto market and intermediaries while reducing the role of the U.S. CFTC. Lawmakers are also reviewing measures to strengthen customer protections for user fund withdrawals and security incidents at trading platforms.

Solana said it has launched Earn, a Solana-based stablecoin yield service. Users can deposit USDC or USDT and hold USDC+ or USDT+ to earn yield from reserves lent out on Solana. Redemptions are available in a single transaction, and the service is built on Pyth Network technology.

DeFi protocol Hyperwave said on its official X account it will shut down its service on Dec. 16, citing operating cost burdens and regulatory uncertainty. All vaults, including GWAVE, have now been switched to withdrawal-only mode, and users can withdraw assets before operations end.

Crypto investment firm Abraxas Capital is sitting on about $34.98 million in unrealized profit from a ZEC short position on Hyperliquid, EmberCN reported. The gain appears to have widened as ZEC plunged below $1,000 today. Across all open positions tied to two addresses believed to be held by Abraxas Capital, total unrealized profit stands at $118 million.

MSCI is set to make a final decision today on whether to classify Strategy (MSTR) and Metaplanet as non-operating companies and exclude them from major indexes, according to Bitcoin Treasuries.

The Financial Stability Board has urged Turkey to strengthen its regulatory and supervisory framework for cryptocurrencies and stablecoins, The Block reported. In its second peer review of Turkey, the FSB called for improvements in four areas: establishing a dedicated regulatory framework for stablecoins, monitoring financial stability risks, strengthening supervision and enforcement, and improving cross-border cooperation and information sharing.

CryptoQuant contributor Darkfost analyzed that exchange deposits from Bitcoin short-term holders in a loss position reached one of the highest levels in recent months. Of the 48,500 BTC short-term holders sent to exchanges over the past 24 hours, 47,300 BTC was moved at a loss, accounting for about 97.5% of the total, Darkfost said. Since October, BTC has entered a sell-side-dominant phase and undergone a roughly 15% correction. Early in the pullback, profit-taking by short-term holders was the main driver, but loss-position transfers now make up the bulk, according to Darkfost.

Former U.S. Commodity Futures Trading Commission Commissioner Chris Giancarlo argued the U.S. crypto industry can continue to grow even if the CLARITY Act does not pass, according to Crypto Briefing. Giancarlo said the U.S. SEC and CFTC can establish a clear regulatory framework using only the authority they already hold. As support, Giancarlo pointed to the internet industry’s development without a separate comprehensive law. Giancarlo added the CLARITY Act would help improve regulatory clarity but is not essential, and regulators could pursue their own rulemaking alongside separate legislation. The bill passed the House, but action in the Senate has been delayed.

DePIN project Aethir said it has launched an ATH burn dashboard and completed its first daily burn under an updated tokenomics model. Funding for each burn comes from part of the network fees customers pay when reserving computing resources. Aethir said variable network fees decline during bear markets while the burn share rises, although the burned amount cannot exceed rewards paid to cloud hosts. All completed burns can be publicly verified through daily, monthly, and cumulative burn data, along with the full transaction history.

The value of the Anthropic stake once held by bankrupt crypto exchange FTX is estimated to exceed $30 billion based on the AI company’s expected valuation in its IPO process, Cointelegraph reported. FTX’s bankruptcy estate sold the stake for $1.34 billion in 2024, and the current estimated value is more than 22 times the sale price.

Stacey Cunningham, the former president of the New York Stock Exchange and the new president of crypto exchange Bullish, said issuing companies must take part for stock tokenization to develop into a successful market, CoinDesk reported. Cunningham said synthetic tokenization is currently active, but the companies issuing the shares are being left out of the discussion. Cunningham added the question is not whether tokenization will happen, but when. Bullish is pursuing a $4.2 billion acquisition of shareholder registry manager Equiniti. If the deal is completed, Bullish plans to secure a network spanning about 3,000 companies and more than 20 million shareholders to build an issuer-centric stock tokenization platform.

South Korea’s ruling and opposition parties have tentatively agreed to delay taxation on virtual asset income by two years to 2029, Digital Asset reported. Oh Gi-hyoung, a Democratic Party lawmaker and chair of the tax subcommittee of the National Assembly’s Strategy and Finance Committee, told reporters after the subcommittee meeting on Nov. 11 that lawmakers discussed four agenda items related to digital assets and, while no final conclusion was reached, there was a tentative consensus on a delay and talks were continuing on some procedural provisions. Bae Jun-young, a People Power Party lawmaker and the opposition floor member on the committee, also said the government proposed a two-year delay, there were no major differences between the ruling and opposition parties, and it would be reasonable to view the tax as having been pushed back by two years for now. The two sides agreed to continue discussions on detailed issues including loss carryforward deductions, raising the basic deduction, and requiring virtual asset service providers to submit tax data earlier.

Patrick Witt, former executive director of the White House crypto council, said on the "What Bitcoin Did" podcast that President Donald Trump remains interested in expanding the U.S. strategic Bitcoin reserve through BTC purchases. Witt said the idea has been discussed several times, but open-market purchases face legal constraints as Congress controls federal spending authority. Witt added that the National Defense Authorization Act, or NDAA, includes a provision restricting direct purchases, and the government is seeking to secure the necessary authority. Meanwhile, the U.S. government established a strategic Bitcoin reserve through an executive order in March last year and directed a review of ways to secure BTC without adding to the fiscal burden, but it did not announce a specific purchase plan.

Intent-centric privacy blockchain Anoma (XAN) said its risc0 validator has been shut down after an external security vulnerability was identified in the RISC Zero proof system used by AnomaPay, which could have put user funds at risk. The RISC Zero team plans to upgrade the validator. Anoma said deposits remain safe, but access will be temporarily unavailable until the Anoma Protocol V2 upgrade, including RISC Zero’s security update, is completed in about two weeks. No user action is required, and funds will be migrated automatically to V2 before becoming accessible again after the upgrade.

Piero Cipollone, a European Central Bank executive board member, warned the digital euro’s expected 2029 launch could be delayed if related legislation is not passed by year-end, Odaily reported. Cipollone urged the European Union to reach agreement on the bill by the end of this year, saying legislative delays could deepen Europe’s reliance on overseas payment service providers. The ECB plans to prepare for a 2029 issuance if the bill passes this year, while the governing council will decide whether and when to proceed with the actual launch after the legislation is approved. The ECB also plans to run a 12-month digital euro pilot starting in the second half of 2027.

Payward, the parent company of cryptocurrency exchange Kraken, plans to launch tokenized products tied to more than 200 UK and European stocks, The Wall Street Journal reported.

Crypto trading platform KTX announced through its official channel that it has launched its Season 1 points program. The program will run from Nov. 10 to Dec. 10, and users can earn points through spot, futures, and prediction market trading; holding assets and positions; inviting friends; new-user missions; copy trading; and holding NFTs. Points for eligible activities will be counted automatically without a separate application, and final point totals will be finalized by Dec. 17. KTX also opened KOL verification applications for content creators and community leaders. The accumulated points are set to be used for future token-related incentives and allocations.

Global asset manager Fidelity bought an additional 2.35 million shares of Strive (ASST), worth about $51 million, according to BitcoinTreasuries. The purchase raised Fidelity’s total Strive holdings to 12.24 million shares, worth about $265.3 million, up about 23% from its previous stake.

CryptoQuant contributor MorenoDV said Bitcoin could see a deeper downturn if it fails to rebound from around $75,700, the average entry price for short-term holders. As of Nov. 9, the short-term holder MVRV, or Market Value to Realized Value, an on-chain indicator showing unrealized profit and loss across the market, fell to 0.994 from 1.17 in early October, moving into unrealized loss territory on average. Over the same period, BTC fell 13%, while the average cost basis for short-term holders rose 2.4%. The short-term holder SOPR, or spent output profit ratio, also came in at 0.997, indicating recently moved BTC was traded at a slight loss on average. MorenoDV added that if BTC remains consistently below $73,000 and fails to break back above that level, the likelihood of a prolonged bear market will increase.

JPYC CEO Noritaka Okabe expects demand for JPYC to grow as banking service disruptions increase, The Block reported. The remarks came after Japan’s GMO Aozora Net Bank suspended some bank API services following the detection of abnormal communications. GMO Internet Group, the bank’s parent company, also faced a large-scale cybersecurity incident last month involving unauthorized server access and monetary demands. JPYC is a regulation-compliant stablecoin pegged to the Japanese yen, and the issuer registered with Japanese authorities as a funds transfer service provider in October last year.

JAN3 CEO Samson Mow said he will maintain a long-term bullish view on Bitcoin as long as fiat money supply continues to expand, according to Crypto Briefing. Mow said he would turn bearish on Bitcoin the day fiat currency issuance stops, adding that recent price corrections have not changed his long-term bullish outlook based on Bitcoin’s supply scarcity. According to Federal Reserve Economic Data (FRED), U.S. M2 stood at $23.414 trillion in September, up 5.7% from a year earlier. By contrast, Bitcoin’s total supply is capped at around 21 million BTC, with new issuance designed to decline over time through halvings.