Bonk Guy’s assets have shrunk by $5 million in the past 24 hours, and he has issued another bullish call for USELESS, urging investors to seize the "bottom-fishing opportunity".

According to Ripple’s official blog, Qivalis, an Amsterdam-based joint venture of 37 major European financial institutions, has been authorized by the Dutch central bank (De Nederlandsche Bank, DNB) as an electronic money institution. This clears a core regulatory barrier for the group to issue a euro stablecoin under the EU’s Markets in Crypto-Assets (MiCA) regulation, with plans to complete the launch in the coming months after DNB reviews its whitepaper. The stablecoin is backed by 1:1 reserves and designed for institutional use cases including payments, settlements, and tokenized assets. The alliance began with 12 founding banks and now includes 37 institutions across 15 countries. Ripple noted that the market capitalization of euro stablecoins rose from around €50 million at the start of 2024 to €450 million in January 2026, compared to the roughly $300 billion market size of U.S. dollar stablecoins. Qivalis will handle minting, reserve backing, and redemptions under its own authorization and technology, while member banks will decide independently how to custody the asset for their clients. Ripple added that alliance members including BBVA and DZ BANK have already used Ripple Custody. Cassie Craddock, Ripple’s Vice President and Managing Director, said that as MiCA is rolled out across Europe, regional banks are more confident to launch digital asset services demanded by their customers. For background, DZ BANK, which has around €350 billion in assets under custody, has integrated Ripple Custody into its existing custody processes, with early use cases including custody of Siemens’ tokenized bonds. BBVA, meanwhile, launched crypto asset trading and custody services in its Spanish operations after Spain’s MiCA framework took effect in July 2025; the service was previously rolled out in Switzerland and Turkey, with the bank holding its clients’ asset keys itself.

Per OnchainLens monitoring, asset management firm Bitwise has transferred 73,170 HYPE tokens from its BHYP Hype ETF wallet to Cumberland, valued at roughly $5.45 million. OnchainLens notes the move may be intended for sale. The relevant address is 0x4C7eA....1C09899.

According to CoinDesk, AntPool mined Bitcoin block 974961 last Saturday, which included 11,255 transactions. Per mempool.space data, this number is 984 transactions short of the network record of 12,239 set by F2Pool’s block 367853 on August 1, 2015, making it the second-highest transaction count block in Bitcoin’s recorded history. The transactions collectively generated 240,533 satoshis in fees. At Sunday’s Bitcoin price of roughly $75,800, that amounts to around $180. AntPool’s total revenue from the block was approximately $237,000, almost entirely from the fixed 3.125 BTC block subsidy. mempool.space rounded the block’s median fee rate to 0. CoinDesk sampling revealed a batch of ~80-byte transactions in the block’s middle, each paying just 1 satoshi in fees—below Bitcoin Core 29.1’s default relay threshold of 0.1 satoshi per virtual byte. This threshold is a node policy, not a consensus rule, so blocks including lower-fee transactions remain valid. On November 4, AntPool’s block 974557 also included 10,573 transactions, with fees totaling around $110. The 2015 record block paid 0.22582926 BTC in fees, 94 times the current amount. At the time, Bitcoin traded at roughly $285, so fees were about $64, while the 25 BTC block subsidy was around $7,100. Bitcoin’s block subsidy is scheduled to halve to 1.5625 BTC around April 2028 at block 1,050,000. CoinDesk noted that this block’s fees account for less than 0.2% of the subsidy reduction miners will face after the halving.

Goldman Sachs CEO Solomon said he is optimistic that the U.S. will continue to attract significant investment in data centers and computing power capacity.

According to data from the BIT stock platform, the Philadelphia Semiconductor Index extended its intraday gain to 7%. AMD (AMD.O) rose over 12%, Broadcom (AVGO.O) gained more than 9%, Micron (MU.O) jumped over 7%, Qualcomm (QCOM.O), ASML (ASML.O) and TSMC (TSM.N) advanced over 4%, Intel (INTC.O) rose more than 5%, while NVIDIA (NVDA.O) fell over 5%.

According to data from the BIT stock platform, the S&P 500 index’s gains have expanded to 2%, marking its largest intraday gain in three months, and is currently up 2.13%. The Dow Jones Industrial Average is now up 1.75%, and the Nasdaq 100 is up 3.14%.