Crypto Talkies November 13th 2025

Sundown brought a welcome plot twist in Washington. After 43 days, the government reopened as the President signed a funding bill, easing macro jitters and nudging crypto a hair greener. Bitcoin (BTC) held a choppy range through the day, whipsawing between the low 100k band and a brief trip below 100k as panic selling flared, before stabilizing on a narrowly averted shutdown and mixed jobs data signals. The crosscurrents matched the tape: long term holders unloaded a major stash in recent weeks while whales quietly accumulated, and Morgan Stanley advised investors to take some chips off the table heading into what it calls crypto’s fall season. If there was a star of the session, it was XRP (XRP). Nasdaq greenlit and listed Canary Capital’s XRP ETF, trading as XRPC (XRPC), and the debut drew fast hands, crossing 26 million in its first 30 minutes. The launch amplified the narrative around institutional access to XRP and, by some estimates, added a hefty sum to its market cap as traders leaned into the theme. Canary’s CEO argued the new fund could outpace early gains once seen in Solana (SOL), pointing to banking rails and deep liquidity, while spot action in XRP showed resilience holding above 2 even with supply pockets lurking overhead. ETFs and public market on-ramps kept coming. 21Shares rolled out crypto index ETFs offering diversified exposure to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) under the 1940 Act framework, a notable bow to traditional fund oversight. Grayscale filed an S 1 to go public on the NYSE, signaling another institutional bridge in the making. On the equity side, Ark Invest scooped about 30.5 million dollars of Circle shares across three ETFs after a post earnings dip. Stablecoins and payments had a day of their own. Visa launched a pilot for instant stablecoin payouts aimed at businesses and freelancers, connecting card rails with on chain settlement and teeing up a future where invoices clear in minutes, not days. Cash App switched on USD payments over Bitcoin’s Lightning network, letting merchants receive BTC while users pay in fiat, and expanded stablecoin support to smooth everyday flows. Circle unveiled StableFX, an on chain program for real time cross currency settlement on Arc Network, while BNY Mellon introduced the BNY Dreyfus Stablecoin Reserves Fund to help issuers align with U.S. reserve requirements. MoonPay entered the fray with an enterprise stablecoin platform built on its existing licenses for fully backed, customizable digital dollars. Policy makers and enforcers were busy too. The U.S. launched an interagency strike force led by the DOJ, FBI, and Secret Service targeting scam networks tied to Chinese syndicates after hundreds of millions in seizures tied to fake investment schemes. Singapore’s central bank mapped trials for tokenized bills settling in CBDC starting in 2026 and signaled tighter stablecoin rules to anchor a safer tokenized finance stack. Japan’s JPX floated stricter oversight for listed companies holding large crypto treasuries, Taiwan explored adding Bitcoin (BTC) to strategic reserves alongside tighter stablecoin governance, and Australia warned of scammers impersonating federal police to steal crypto. In Dubai, a digital economy court froze about 456 million dollars linked to a TrueUSD reserve shortfall tied to a bailout by Tron founder Justin Sun, a first of its kind global crypto order from the jurisdiction. Prediction markets edged back into the U.S. as Polymarket reopened in beta for select users, a careful reentry after past regulatory friction that could reshape market driven forecasting if it scales. Meanwhile, the Senate Agriculture Committee circulated a draft digital assets market structure bill, keeping the legislative drumbeat alive as agencies and courts continue to define the edges. Under the hood, Ethereum’s builders looked inward. Vitalik Buterin and the Ethereum Foundation published a Trustless Manifesto, re centering decentralization and self custody as core principles while the network navigates scaling and regulatory pressures. On chain flows showed 413,000 ETH moving off Binance, a signal of long term conviction to some even as ETH struggled to hold key levels. Sentiment stayed mixed, with a cluster of traders eyeing a run toward 4,000 while others pointed to lingering supply and macro chop. Tether (USDT) pairs remained liquid through the swings. Elsewhere on the leaderboard, Solana (SOL) slipped under 150 and hovered near a key 145 to 155 demand zone as momentum cooled and sentiment leaned cautious. Dogecoin (DOGE) built a quiet base near 0.17 with whales accumulating, and a 6 percent weekly gain invited calls for a bigger move if the broader market cooperates. DeFi had a notable governance move as the dYdX community approved boosting buybacks to 75 percent of protocol revenue starting November 13, 2025, aiming to fortify token economics during periods of price weakness. Adoption stories kept stacking. Bitcoin Depot pushed into Hong Kong with its first international Bitcoin ATM footprint, aiming to translate North American scale into Asia. The Czech National Bank dipped a toe with a 1 million dollar experimental portfolio that includes Bitcoin (BTC) and blockchain assets, a small but symbolic shift for a central bank leaning into digital natives. Even with fear at extremes the sort that often seeds rebounds the day showed that crypto is moving on multiple rails at once. Markets wrestled with macro uncertainty and a volatile Bitcoin, institutions pressed ahead with ETFs and cash flow infrastructure, regulators tightened the perimeter, and builders continued to ship. The next few sessions will test whether today’s ETF momentum in XRP, the payments push in stablecoins, and whale accumulation in Bitcoin can overpower seasonal caution and headline risk.

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