Ripple President Monica Long said at the Swell conference in New York that the company has “no plans or timeline” for an IPO, indicating no short-term intention to join other crypto firms going public. The statement follows Ripple’s recent $500 million funding round, which raised its valuation to $40 billion. 一 link

Japan’s Financial Services Agency (FSA) discussed plans to tighten regulations on crypto lending, bringing it under the Financial Instruments and Exchange Act to close existing loopholes and mandate stronger risk and custody controls. The agency also proposed investment limits for IEOs to curb retail speculation, though experts warned such caps could be easily bypassed in secondary markets. 一 link

Bittrex’s bankruptcy filings revealed over $500 million in suspicious transactions, including thousands of micro or duplicate withdrawals and records on inactive blockchains, potentially distorting creditor claims. Analysts said these possibly fabricated transactions may have inflated customer balances. Bittrex, which faced multiple compliance penalties, filed for bankruptcy in 2023. 一 link

According to Bloomberg, Kazakhstan is establishing a national cryptocurrency reserve fund worth between $500 million and $1 billion, partly using assets seized or repatriated from abroad. The fund will invest in ETFs and crypto-related companies, avoiding direct crypto exposure, and is expected to launch by early 2026. 一 link

According to Crypto in America, the U.S. Senate is still drafting two versions of the crypto market structure bill, and the planned markup session before Thanksgiving may be delayed to December. White House crypto and AI adviser David Sacks said after speaking with Senators John Boozman and Cory Booker that he remains optimistic about the upcoming bipartisan draft. 一 link

Strategy priced its 10% Series A Perpetual Stream Preferred Stock (STRE), issuing 7.75 million shares at €80 each to raise about €620 million ($715 million). Proceeds will be used for bitcoin purchases and general corporate purposes. — link

Binance released its latest Proof of Reserves snapshot (as of Nov 1). Binance reports 606,356 BTC held for users (reserve ratio 102.11%), 4.09 million ETH (100.00%), 37.88 million BNB (112.95%), and 34.73 billion USDT (107.45%). — link

WuBlockchain Weekly (Nov 3 – Nov 7): BTC briefly dips below $100K; Trump vows to make U.S. a “Bitcoin superpower”; White House clarifies CZ pardon; EU police bust $689 million crypto fraud ring; France moves to tax crypto wealth, South Korea’s crypto volumes hit record low and More — link

Crypto-investigator ZachXBT has issued a warning to the community: fraudulent apps impersonating Hyperliquid have been discovered in the Google Play Store, and standard platform filters are not effectively blocking them. — link

Trump Media (DJT) reported Q3 2025 results with $3.1 billion in total assets and $10.1 million operating cash flow, generating $61.1 million in revenue but posting a $54.8 million net loss mainly from digital asset valuation changes and legal costs. — link

Finland plans to implement its domestic Crypto-Asset Reporting Framework (CARF) starting in 2026, becoming one of the first EU countries to move ahead despite delays elsewhere. The OECD-led standards will require crypto exchanges to begin data collection in 2026, with global information exchange across over 50 countries expected by 2027. — link

The University of Michigan’s November consumer sentiment index fell to 50.3 from 53.6 in October, mainly due to the prolonged U.S. government shutdown and economic worries. One-year inflation expectations rose to 4.7%, while long-term fell to 3.6%. — link

In its latest 13F filing, JPMorgan disclosed that, as of September 30, it held 5,284,190 shares of IBIT, valued at approximately $343 million—up 64% from the 3,217,056 shares reported at the end of June. The filing also shows that JPMorgan held IBIT call options worth $68 million and put options worth $133 million. — link

Coinbase announced that Aster (ASTER) has been added to its roadmap. — link

According to Fox News, CZ said in an interview that he met Eric Trump once at a bitcoin conference in Abu Dhabi. He also denied reports that he secured a pardon through a deal with WLFI, saying: "That is completely wrong. There was no deal and no discussion. There were never any negotiations. I have no business relationship with WLFI." — link

According to a 13F-HR filing submitted to the U.S. SEC on Nov. 7, JPMorgan held 1,974,144 shares of BitMine Immersion Technologies as of Sept. 30, with a position value of about $102 million. BitMine, originally a bitcoin mining company, pivoted in 2025 to become an Ethereum reserve company and has said it now holds more than 3.24 million ETH, putting it among the world's largest corporate ETH reserve holders. — link

On Nov. 7 (ET), U.S. bitcoin spot ETFs recorded total net outflows of $558 million, with all 12 bitcoin ETFs posting outflows and none seeing net inflows. Ethereum spot ETFs saw total net outflows of $46.6245 million. Solana spot ETFs, meanwhile, posted $12.69 million in net inflows, marking the 9th consecutive day of inflows. — link

BitMEX co-founder Arthur Hayes posted that Zcash (ZEC) has become the second-largest crypto asset in his family office Maelstrom’s portfolio, behind only Bitcoin. Driven by the privacy-trading narrative, ZEC has recently surged to around $750, marking its highest level since 2018. Hayes wrote: "Due to the rapid ascent in price, ZEC is now the 2nd largest liquid holding in the Maelstrom portfolio." — link

According to MLM, Hyperliquid team is testing a new feature called BLP (likely BorrowLendingProtocol) on the Hypercore testnet. The native borrowing and lending market currently supports USDC and PURR, with functions such as borrowing and supplying. MLM speculates it may serve as the underlying lending layer for Hyperliquid’s Multi-Margin mechanism, though details remain under testing. — link

Weekly Project Updates: Perp DEX Monthly Trading Volume Hits a New High, Stable Phase 2 Pre-deposit Reaches $1.8 Billion, Zcash Releases Q4 Roadmap, Linea Launches Dual-Token Burning Mechanism, etc — link