Hello crypto fam,
An interesting combination of regulatory changes and political breakthroughs that defined the global crypto mood was experienced this week. As the U.S. Senate was almost reaching a shutdown-ending agreement and key economies developed digital asset infrastructure, markets are preparing for new volatility and potential. Here’s everything you need to catch up on.
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U.S. Senate Reaches Breakthrough Deal to End Shutdown, Offering a Potential Boost to Crypto Markets
The U.S. Senate has gathered bipartisan support to get an essential funding package that would end a 40-day-long government shutdown, which is one of the longest in American history. The Politico reported that the bill has already crossed the 60-vote mark to proceed, an indication of unusual cross-party collaboration spearheaded by Senate Republican Majority Leader John Thune. As the House had already passed its version, markets are awaiting the final vote, which would technically get government operations back on track.
🚨 UPDATE: the U.S. Senate is about to take a KEY procedural vote to END the Schumer Shutdown.
10 Senate Dems have said they’re voting with us. WH is on board.
Here’s a timeline breakdown of what happens next.
Should be a matter of time.👇 pic.twitter.com/ImAc3LNt79
— Markwayne Mullin (@SenMullin) November 10, 2025
The extended shutdown has created further uncertainty in financial markets, which has helped to cause a 17% drop in Bitcoin since early October. Analysts believe that a political resolution could help restore market confidence, especially as prediction platforms like Polymarket and Kalshi now assign over a 50% chance that the government will reopen by Friday. Rising optimism comes amid broader economic turbulence, including new U.S. tariffs on China and promises of a $2,000 tariff-funded payout to most Americans, which could further influence crypto sentiment in the days ahead.
Other News Making Waves
- Ethereum’s “Trustless Manifesto” reaffirms the importance of decentralization, warning that convenience-driven shortcuts and hosted nodes threaten Ethereum’s trustless foundations. (More)
- Canary Capital filed for the first Mog Coin ETF, triggering a sharp price surge as the meme token’s market cap briefly hit $169.5M. (More)
- BitFuFu doubled its Q3 revenue to $180.7M as cloud mining demand soared, pushing cloud revenue to $122M and equipment sales to $35M. (More)
- SoFi Technologies launched crypto trading after receiving federal clearance, becoming the first nationally chartered U.S. bank to do so. (More)
- Over 60% of institutional investors plan to increase crypto allocations despite recent downturns, according to Sygnum Bank’s report. Rising interest in staking-enabled ETFs could drive the next phase of institutional adoption. (More)
- Square has launched Bitcoin payments for in-person sellers across eight markets, allowing flexible settlement options and zero fees until 2027. (More)
- Standard Chartered anchors its blockchain strategy in Hong Kong, leveraging the HKMA’s fintech sandboxes to pilot tokenized deposits, stablecoins, and CBDCs. (More)
- HTX report links the U.S. government shutdown to tighter crypto liquidity, with institutional investors rotating toward stable assets and AI-integrated projects. (More)
Around the World: Bold Moves and Regulations
- Singapore’s MAS signalled a crackdown on unregulated stablecoins, citing frequent depegging issues and announcing a tighter framework focused on reserve backing and redemption guarantees. (More)
- Japan Exchange Group is considering tighter rules for companies hoarding crypto after sharp stock declines exposed retail investors to losses, including Strategy Inc., whose shares halved. With 14 Bitcoin-holding public firms, Japan is tightening scrutiny while balancing innovation and investor protection. (More)
- BoE Deputy Governor Sarah Breeden cautioned that weaker stablecoin rules could spark financial instability, defending the UK’s 40% reserve requirement and deposit caps. (More)
- The UAE executed its first CBDC transaction through the mBridge platform, marking a milestone in its digital finance transformation. The Digital Dirham pilot tested technical readiness, with a full rollout set to begin in phases from Q4 2025. (More)
- The US Senate Agriculture Committee unveiled a draft bill clarifying whether the CFTC or SEC should oversee crypto markets. Backed by Senators Boozman and Booker, the proposal seeks stronger consumer protections and clearer agency jurisdiction. (More)
- Bank of England proposes strict stablecoin rules, requiring issuers to back 40% of liabilities with central bank deposits and the rest in UK government debt, with individual holdings capped at £20,000. (More)
- South Korea’s top banks join forces with tech giants like Naver, Kakao, and Samsung to develop KRW-pegged stablecoin infrastructure, as local transactions surpass $41 billion despite limited regulation. (More)
- Hong Kong issues third round of multi-currency digital bonds using blockchain and DLT platforms from HSBC and Goldman Sachs, aiming to cement its status as Asia’s digital asset hub. (More)
- Japan’s FSA proposes mandatory registration for crypto system providers, limiting exchange usage to approved custody platforms to enhance investor protection. (More)
Market Trends: Winners and Losers
Top 5 Gainers 📈
According to data from CoinGecko, these are the five biggest gainers of the week:
- Audiera +258.46%, from $0.129451 to $0.464036
- Resolv +88.41%, from $0.083003 to $0.156388
- Pre-SP +96.45%, from $0.04171380 to $0.081946
- Swarm Network +55.08%, from $0.02022789 to $0.03136997
- Amiko +83.77%, from $0.02452597 to $0.04505791
Top 5 Losers 📉
According to data from CoinGecko, the five biggest losers of the week are:
- DeAgentAI –83.56%, from $9.67 to $1.59
- Saros –50.33%, from $0.069416 to $0.03447838
- Bless –46.98%, from $0.04475486 to $0.02373072
- SEDA –44.70%, from $0.148921 to $0.082358
- Sapien –33.13%, from $0.265106 to $0.177278
Project Spotlight
Mastercard and Thunes Partner to Enable Real-Time Stablecoin Payouts
Mastercard has collaborated with Thunes to increase its Mastercard Move service by adding 24/7 instant payouts to stablecoin wallets. The integration makes banks and payment partners able to provide faster and more adaptable cross-border payments in addition to the existing choices that include cards, bank accounts, and cash over the Thunes Direct Global Network.
Why It Matters:
This partnership introduces regulated transfers of stablecoins to mainstream payments, enhances financial inclusion, decreases the use of classic banking rails, and fastens the expansion of global implementation of electronic currencies in real-world payments.
Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.
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