Fed Chair Powell: Shutdown Could Force December Meeting
Powell said the government shutdown could affect the December meeting and that they may have to be more cautious in the absence of data. In particular, the lack of key statistics could provide a reason to pause interest rate adjustments. According to CME FedWatch data, the probability of an interest rate cut in December fell from 66.9% to 55.9%. Markets are pricing in the possibility that the data gap created by the shutdown could slow the Fed’s pace.
US Treasury Yields Stabilize
US bond yields stabilized on expectations that the government would reopen, while a cautious mood prevailed in the markets. Eric Chia of Exness noted that investors are focused on the upcoming backlog of data, which could paint a weak picture of the labor market and demand. In particular, the weak ADP report showing an average of 11,250 job losses per week in the private sector over the four weeks to the end of October has heightened unease. This picture reinforces the “wait-and-see” mode in the bond market.
Trump: Government Shutdown Cost $1.5 Trillion
Trump said at a signing ceremony at the White House that the 43-day government shutdown cost about $1.5 trillion, emphasizing that it could take weeks or even months to calculate the true impact. Accusing Democrats of “demanding hundreds of billions of dollars for illegal immigrants,” he linked flight delays, federal employee pay cuts, and food stamp distribution disruptions to these demands. Reiterating his criticism of the Affordable Care Act, he advocated for funds to be given directly to the public and for people to choose their own insurance. He also called for the elimination of the “long debate” rule to prevent another shutdown and said the government should never shut down again.
DMG Blockchain: Produced 23 BTC in October, Total Stock 359 BTC
DMG Blockchain Solutions announced in its October operations report that it mined 23 Bitcoin, which is the same level as September. The company currently holds 359 BTC. Management stated that it plans to restrict Bitcoin sales in the future and hold more BTC on its balance sheet. This strategy aims to strengthen the company’s long-term position as a “Bitcoin treasury.”
Glassnode: Long-Term Bitcoin Holders Turn to Profit-Taking
According to Glassnode data, long-term Bitcoin holders have accelerated their sales recently, and the supply held by this group is rapidly decreasing. As net position changes sharply turn negative, long-term investors are using current levels to realize profits. The analysis reveals that bulls are trying to defend the $100,000 level, but profit-taking is increasing pressure. This dynamic points to potential increased volatility in the short term.
Bitfarms: Q3 Report and $1,827 BTC Reserve
Bitfarms announced that it mined approximately 520 BTC in the third quarter of 2025 and sold 185 BTC during the same period. As of November 12, the company holds 1,827 BTC. Total liquidity stands at $814 million, of which $637 million is in cash positions. This balance sheet structure strengthens both the company’s operational flexibility and its buffer against market fluctuations.
Sun Wukong DEX Launches ICP/DASH/SHIB Contract Trading
Sun Wukong, a Chinese-focused decentralized contract exchange, has launched USDT-margin contract trading for ICP, DASH, and SHIB with up to 20x leverage support. The platform’s cumulative trading volume has exceeded 5.1 billion USDT, and its total user count has surpassed 60,000. During an AMA session held on November 13, a “fully on-chain verified” reserve fund mechanism was introduced.
Ripple Accelerates TradFi Integration with $4 Billion Acquisition
Ripple Labs, led by CEO Brad Garlinghouse, acquired major traditional financial institutions such as Hidden Road and GTreasury for approximately $4 billion. The company launched an OTC spot trading service for US institutions and reached a market value of $40 billion. At Ripple Swell 2025, Garlinghouse emphasized their focus on offering blockchain-based, diversified financial services to meet the growing demand for corporate digital assets. Ripple also aims to expand the use cases of the XRP ecosystem by more tightly integrating the XRP Ledger infrastructure with large institutions; however, it acknowledges that banks will remain cautious about full-scale adoption until a clear legal framework emerges in the US.
Cardano Summit 2025: At the Intersection of Blockchain and Artificial Intelligence
The Cardano Summit 2025 in Berlin brought together industry leaders to discuss the intersection of blockchain and artificial intelligence and the future of crypto. Tim Draper emphasized that more institutions are beginning to use blockchain in the financial sector and that the technology is transforming from a niche area into an infrastructure that generates corporate value. He stated that the combination of AI and blockchain, in particular, could bring significant efficiency and security to companies. Draper said that decentralizing a token allows people to trust that data and money are secure.
Capital B Aims to Become Europe’s Largest Bitcoin Treasury Company
According to BitcoinTreasuries data, Capital B Vice President Alexandre Laizet announced that the company aims to become “Europe’s largest Bitcoin treasury company.” This goal points to a strategy of accumulating more BTC on the balance sheet and becoming a “Bitcoin volatility exposure vehicle” for institutional investors. The company plans to aggressively scale up its operations compared to other DAT (Digital Asset Treasury) players in the region. Such statements indicate intensifying competition in the European corporate Bitcoin treasury space.
Hedera Integrates ERC-3643 Standard into Tokenization Studio
Hedera has integrated the ERC-3643 token standard into its Asset Tokenization Studio, adding an on-chain identity layer at the contract level. This integration aims to enhance the flexibility, interoperability, and global compatibility of tokenization through a modular architecture. Users will be able to configure tokens to comply with regulatory requirements in different jurisdictions by defining compliance parameters using ERC-3643.
Story Foundation Increases IP Buyback Program to $100 Million
The Story Foundation announced that it has completed over 60% of its targeted purchases in its IP buyback program. The program’s size has been increased from $82 million to $100 million. In addition, the buyback window has been extended until February 1, 2026.
Jupiter: Instant Unstake Proposal for JUP
The Jupiter community has submitted a new proposal to add an “instant unstake” option for JUP tokens with a 3% fee. This option will allow users to bypass the standard 7-day waiting period and quickly access liquidity. Options such as burning the fees or directing them to the Litterbox/stake reward pool aim to provide additional benefits to the community and reduce the circulating supply.
Tokyo Stock Exchange Wants to Impose Stricter Oversight on Companies Holding Bitcoin
Japan Exchange Group is considering tightening oversight of listed companies that have shifted their core business to large-scale crypto assets. The new approach comes in the wake of recent significant value losses, particularly among crypto-focused Japan DAT companies. For example, Metaplanet, which holds over 30,000 BTC, saw its stock price fall from $15.35 in May to $2.66, a drop of 82%; Convano also saw a similar sharp decline. JPX aims to close a regulatory loophole by preventing backdoor listings and the misuse of the “crypto holding” model.
AI Coding Initiative Cursor Raises $2.3 Billion, Valuation Reaches $29.3 Billion
Cursor, an artificial intelligence initiative that helps developers write code, raised $2.3 billion in a new investment round, increasing the company’s value to $29.3 billion. Cursor can analyze a programmer’s actions to suggest the next lines of code and also offers a chat interface that answers questions about the code. This leap for a company recently valued at under $10 billion demonstrates how strong investor appetite is for the AI sector.
