The South Korean regulatory agency is considering allowing tech giants to issue their own stablecoins.

On November 20th, the CEO of CryptoQuant released multiple Bitcoin Realized Cap Distribution charts and stated that the current sell-off is being driven by short-term holders of Bitcoin, while miners and long-term holders remain relatively restrained.

On November 20th, Raoul Pal, the co-founder and CEO of Real Vision, wrote that the liquidity operational control is transferring from the Fed to the Treasury Department. This enables (the Trump administration) to have more direct control over debt financing and rollover. Banks are utilized as conduits, and bills are issued as a liquidity injection mechanism. This is fundamentally a state/political means of managing currency devaluation through fiscal dominance, eliminating the so-called "independent" and "apolitical" checks and balances of the central bank.

On November 20th, as per official channels, the Phantom Wallet now provides support for HyperEVM tokens. Users are able to carry out token swaps and cross-chain swaps from Solana, Ethereum, Base, and Sui to HYPE. They can also send and receive HyperEVM assets. HyperEVM is enabled by default, and users can customize the enabling status of the network within the settings. Currently, only token transactions and transfers are supported; DApp interaction is not yet available.

On November 20th, according to the announcement of Bio Protocol, BioXP Season 2 has been launched. Users are required to stake BIO in order to generate veBIO and obtain eligibility for ecosystem token staking XP and airdrops. The new mechanism encompasses the following: 1) The veBIO level multiplier, which can lead to up to 10 times the XP earnings; 2) An XP bonus for staking new tokens within the first 60 days; 3) veBIO holders will automatically receive airdrops of new ecosystem tokens. All old BioXP will expire after the second ignition sale.

On November 20th, as per Reuters, the cryptocurrency asset management firm Bitwise disclosed details about the forthcoming Bitwise XRP ETF. The ETF has a management fee of 0.34% (with no management fee until the assets under management reach $500 million) and is set to be listed on the NYSE under the ticker symbol XRP. It is also reported that the XRP ETF is the 49th cryptocurrency investment product launched by Bitwise in the United States and Europe.

On November 20th, the Core Foundation made an announcement. It stated that it had obtained a restraining order from the Grand Court of the Cayman Islands. The court had determined that Maple Finance was suspected of violating confidentiality obligations and exclusive cooperation terms, with significant issues awaiting adjudication during the development of lstBTC in collaboration with the Core Foundation. The Core Foundation pointed out that since the start of the partnership in 2025, they had made significant investments in technical development, market promotion, and product subsidies. However, Maple Finance was subsequently accused of using confidential information to develop a competing product, in violation of their 24-month exclusive cooperation agreement. Regarding Maple Finance's announcement of the need to impair assets in the Bitcoin Yield product, the Core Foundation emphasized that it was still unclear why Maple Finance was unable to return the lent Bitcoin to lenders and