‍Ripple Prime Expands to Offer Spot Crypto Trading for U.S. Clients Post-Acquisition Following its acquisition of Hidden Road for $1.25 billion, Ripple Prime is now enabling U.S. customers to access spot trading for numerous digital assets. This integration leverages Hidden Road's OTC capabilities, enhancing Ripple Prime's offerings with access to dozens of digital assets, including XRP and the RLUSD stablecoin, alongside Bitcoin and Ethereum. The expansion also includes FX trading and precious metals, positioning Ripple for broader institutional engagement in the evolving crypto market.
‍Crypto's Washington Influence Surges: A New Era of Political Engagement The cryptocurrency industry is rapidly solidifying its political presence in Washington, transforming from an outsider to a formidable lobbying force. This shift, marked by increased spending and access, reshapes crypto's federal standing and has significant implications for decentralization and regulation. Lobbying expenditures by crypto-aligned entities surged from under $2.5 million pre-2021 to $8.5 million in 2021 and have continued to climb. Crypto groups are also employing a campaign-focused strategy, forming Super PACs like Fairshake, which has raised over $260 million. This surge raises concerns about concentrated influence, potentially impacting decentralization and market competition. The industry's proactive engagement will shape the future regulatory landscape for digital assets.
‍DeFi's Path to Institutional Adoption: Certainty Over Yields Robin Nordnes, CEO of Raiku, states that institutional adoption of DeFi hinges on reliability, not just high yields. Current unpredictability hinders onboarding and on-chain integration. Institutions prioritize precision and guaranteed execution over speculative returns. Even high-performance blockchains fall short for institutional scale, where a single failed transaction can have significant consequences. Nordnes emphasizes that 100% reliability and deterministic execution are key. This shift from "yield wars" to "infrastructure wars" will define DeFi's future as essential infrastructure.
‍Minfin.com.ua Launches Crypto Exchange Monitoring Feature Ukraine's financial portal Minfin.com.ua has introduced a new "Crypto Exchange monitoring" tool, aiming to provide transparent, real-time insights into the cryptocurrency market. Launched on November 3rd, 2025, this feature addresses the growing demand for reliable digital asset data in Ukraine, where fragmented information has previously hindered informed decision-making. The portal, owned by Treeum and led by CEO Valeria Bobkova, seeks to combat potential price manipulation and inconsistent reporting by centralizing exchange data.
‍Bybit Releases 27th Proof-of-Reserves Report, Demonstrating Over 1:1 Backing Bybit, the world's second-largest crypto exchange, has published its 27th Proof-of-Reserves (PoR) snapshot, verified by Hacken as of October 22, 2025. The report confirms over 100% reserve ratios for all key assets, including 110% for USDT and 153% for USDC, reinforcing financial health and user fund security. Bybit's consistent overcollateralization strategy ensures user funds are always available for withdrawal. This commitment to verifiable solvency and transparency sets a benchmark in the crypto industry, especially following past exchange collapses. The exchange maintains an industry-leading reporting framework with monthly independent verification.
‍Microsoft Secures $9.7 Billion AI Cloud Deal with Australian Firm IREN Microsoft has finalized a $9.7 billion agreement with IREN Ltd. for AI cloud computing power. This five-year deal makes Microsoft IREN's largest customer and highlights the growing demand for AI infrastructure. The agreement grants Microsoft access to NVIDIA accelerated systems on GB300 architecture in Texas, designed for AI workloads. IREN will acquire $5.8 billion worth of GPUs from Dell to fulfill the contract. CEO Daniel Roberts projects $1.94 billion in annualized revenue from this deal, which will utilize 10% of IREN’s total computing capacity.
‍Animoca Brands Aims for 2026 Public Re-Listing via Reverse Merger Web3 investment firm Animoca Brands plans to re-enter the public market by 2026 through a reverse merger with Currenc Group Inc. This move follows their 2020 delisting from the ASX. The company has signed a letter of intent and is in an exclusivity period to finalize the agreement, pending regulatory approvals in the US and Australia. Chairman Yat Siu confirmed that Animoca Brands is now profitable, underscoring its readiness for this strategic step back into public trading.
‍Pi Network Ventures Invests in OpenMind for Decentralized AI Robotics Pi Network Ventures has announced its first investment in OpenMind, a company developing an operating system and protocol for collaborative robotics. This partnership aims to merge blockchain and AI, fostering a decentralized future for intelligent machine interaction. A successful proof-of-concept demonstrated Pi Node operators running AI models for OpenMind, showcasing decentralized computing power for robotics. This initiative expands Pi's utility by leveraging its network of over 350,000 active nodes to fulfill AI computation demands, compensating Node runners in Pi cryptocurrency.
‍Cango Inc. Achieves Over 6,400 BTC Holdings, Boosts Operational Efficiency Cango Inc. reported mining 602.6 BTC in October 2025, bringing its total holdings to 6,412.6 BTC. The company maintained a deployed hashrate of 50 EH/s and increased its average operating hashrate to 46.09 EH/s. CEO Paul Yu highlighted the operational maturity and strategic U.S.-centric transformation, noting the company's commitment to long-term Bitcoin accumulation. Cango also announced the termination of its ADR program and plans for a direct listing on the NYSE in November 2025.
‍Bitcoin Faces November Downturn Amid Retreathing Investors and Macro Headwinds Bitcoin (BTC) has commenced November with a notable dip, falling to $107,000 as market participants brace for further support retests. Weekend gains have evaporated, and both institutional and retail interest appear to be waning. This is compounded by a hawkish Federal Reserve outlook. Trader warnings highlight potential lows at the 50-week EMA of $101,150, with concerns over low liquidity. Despite November traditionally being a strong month, BTC has already declined 2%. Polymarket indicates only a 33% chance of BTC finishing November above $120,000. Data shows three consecutive days of net outflows from US spot Bitcoin ETFs. Institutional buying has dropped below daily mined supply, a trend last seen before BTC hit local lows in April. Retail investor activity is also down, with active addresses decreasing 26.1% since November 2024. The crypto market has failed to capitalize on optimism in traditional markets, and a hawkish Fed stance adds uncertainty. Analysts anticipate a challenging week, with key support levels at $101,150 and potentially $98,500 under scrutiny.