Crypto slipped into the evening on a cautious note despite the Fed’s rate cut, with total market cap down a little over 2 percent to about 3.81 trillion and Bitcoin (BTC) hovering near 111,000. Under the surface, though, the rails of institutional crypto kept laying themselves down. On the payments front, Visa widened its stablecoin experiment into a full-fledged buildout, adding support for four stablecoins across four blockchains and giving banks the tooling to mint and burn. Mastercard, meanwhile, is in late-stage talks to acquire Zerohash for up to 2 billion dollars, a move squarely aimed at owning stablecoin infrastructure. Circle opened the public testnet for Arc, its new Layer-1 designed to bridge traditional finance to onchain markets with help from more than 100 institutions. And Ondo brought tokenized U.S. equities to the BNB Chain, offering non-U.S. investors 24/7 access to over 100 stocks and ETFs with blockchain-based custody and settlement, a notable expansion for both Ondo (ONDO) and the BNB ecosystem (BNB). Wall Street firmed up its crypto playbook too. Goldman Sachs and DBS executed the first interbank over-the-counter crypto options trade, cash-settled contracts tied to Bitcoin (BTC) and Ether (ETH) that could nudge more banks into the market. In public markets, Grayscale rolled out the Grayscale Solana Trust, traded on NYSE Arca and offering staking access through brokerage accounts for Solana (SOL), while Deutsche Digital Assets and Safello listed a staked Bittensor ETP on SIX, giving mainstream exposure to TAO (TAO). 21Shares filed to launch a Hyperliquid ETF (HYPE), another sign that derivatives-flavored products are finding their way onto traditional shelves. Ethereum had a day that mixed hard tech with hard numbers. Developers completed the final Fusaka test on the Hoodi testnet, teeing up a December 3 mainnet activation designed to make layer-2 transactions cheaper and more efficient. Institutional demand followed the narrative: spot ETFs for Bitcoin and Ethereum drew fresh attention, and recent inflows hit 448 million dollars in a single day, with many long-term allocators tilting toward Ether (ETH). Corporate treasuries are taking note too—BitMine added 27,316 ETH, about 113 million dollars, pushing its holdings above 3.3 million ETH. Solana’s momentum stayed in the frame. Alongside the new Grayscale vehicle, one major holder disclosed it has grown its stake to over 2.3 million SOL and is earning a 7.03 percent staking yield, another data point for investors rotating into high-throughput chains (SOL). Policy and enforcement drew sharp lines. Australia’s ASIC expanded oversight, classifying stablecoins and wrapped tokens as financial products and requiring licenses, with temporary relief stretching to June 2026. In China, five people were sentenced in a 166 million dollar USDT laundering case (USDT), underscoring a continued crackdown. Europe flirted with bigger moves as French and German lawmakers weighed national Bitcoin reserve ideas and, in France’s case, even floated favoring Bitcoin over a digital euro (BTC). U.S. politics seeped further into crypto headlines. Senate Democrats called for an investigation into former President Trump’s pardon of Binance founder Changpeng Zhao amid questions about ties to World Liberty Financial and its WLFI USD1 stablecoin. CZ said he plans to sue Senator Elizabeth Warren for defamation after she claimed he pleaded guilty to money laundering, which he denies. WLFI, for its part, airdropped 8.4 million governance tokens to early USD1 users across six exchanges (WLFI). The Binance drumbeat continued as the exchange said it will delist 18 tokens, including Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP), on November 12, 2025, a move that sent ripples through pockets of the alt market. CZ also disowned a fan-built statue meme coin linked to his name, calling it a quick buck scheme, and prices collapsed after a spectacular spike (BNB). Prices told their own story. XRP (XRP) sat near 2.67 with traders eyeing 2.60 as the pivot into either a breakout or a fizzle, with possible spot ETF flows as a wild card. Dogecoin (DOGE) struggled to keep its head above 0.20 amid broader risk-off action and whale selling pressure. The day’s caution did not spare majors, but with institutional rails accelerating, dips are meeting a sturdier backdrop than in cycles past. Also on the radar, Telegram’s Pavel Durov unveiled Cocoon, a decentralized AI compute network on the TON blockchain that rewards GPU providers with TON, pitching it as a privacy-first alternative to centralized AI. And Brett Harrison, the former FTX US president, launched Architect Financial Technologies, a Bermuda-regulated venue offering 24/7 perpetuals on traditional assets, settling in fiat and stablecoins, another sign that crypto market structure is bleeding into legacy products. The near-term watchlist is crowded: Ethereum’s Fusaka mainnet date on December 3, follow-through from Visa and Mastercard’s stablecoin bets, how Australia’s new rules shape service availability, whether Europe’s reserve chatter becomes policy, and if macro jitters ease now that the Fed has made its move. For a red day, the pipes still got bigger.
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📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
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