Crypto Daily Market Report : Key News, Trends, and Insights in Cryptocurrency & Blockchain– November 7, 2025

• Macro Environment: The longest U.S. government shutdown in history left investors and the Fed without key data to guide the next rate decision. Fed officials’ remarks indicate continued disagreement ahead of the December FOMC meeting. U.S. Challenger job cuts in October hit their highest level for the same period in over 20 years. As AI valuations faced scrutiny, tech stocks sold off sharply. Combined with uncertainty in the economy and monetary policy, risk-off sentiment intensified, and all major U.S. stock indexes fell.
• Crypto Market: Crypto followed U.S. equities lower, with total market capitalization down 1.56% on shrinking volume. Bitcoin failed to extend its prior rebound, retreating to near 100k for support. Despite the broader downtrend, altcoin trading activity remained relatively strong.

• Hot Tokens: ZEC, TAO, ENA
• ENA: Robinhood listed ENA.
• TAO: Team implemented a Subtensor mainnet upgrade to improve capital allocation and reduce liquidity bias across the network.
• Privacy Sector: Driven by strong community buzz and Zcash halving, privacy coins like ZEC, DASH, ROSE, XMR rallied against the market.
• ALCX: The founder announced plans for Alchemix v3 and updated progress on audits.

• U.S. October Non-Farm Payrolls data may be delayed due to the government shutdown.
• RedStone (RED) unlock: ~5.54M tokens (~$1.8M).

• Fed Governor Waller: Expects a December rate cut.
• Cleveland Fed’s Mester: Says another rate cut is “not obvious”; no need to hike to fight inflation.
• Fed’s Goolsbee: Warns of lack of reliable inflation data, urging caution on rate cuts.

• David Sacks: Reports constructive discussions on crypto market structure legislation; bipartisan draft expected soon.
• Donald Trump: Vows to make the U.S. a “Bitcoin superpower.”
• Australia: Sanctions North Korean hacker group accused of stealing ₩1.8T in crypto last year.
• Switzerland: Plans to allow domestic issuance of stablecoins.
• South Korea: Fines Upbit operator $24.35M for AML and compliance breaches under the Specific Financial Information Act.
• U.S.: Samourai Wallet co-founder Keonne Rodriguez sentenced to 5 years for running an unlicensed money transfer business.
• Ireland: Central Bank fines Coinbase Europe €21.5M for deficiencies in its transaction monitoring system.
• Circle: Submits comments on the implementation of the GENIUS Act.

• Tether partners with KraneShares and Bitfinex Securities to advance tokenized capital markets.
• Trump reiterates plans to make the U.S. the Bitcoin superpower.
• Ripple’s RLUSD stablecoin surpasses $1B market cap.
• YouTube clarifies upcoming November 17 policy won’t ban crypto content.
• Polymarket to integrate its prediction market data into Google.

Tether, KraneShares, and Bitfinex Securities Partner to Advance Tokenized Capital Markets

• Core Collaboration: The partnership will integrate Tether's Hadron asset tokenization platform, KraneShares' fund management expertise, and Bitfinex Securities' regulated trading platform in El Salvador.
• Market Potential: Analysts predict that the tokenized securities market will grow from approximately $30 billion in 2025 to about $10 trillion by 2030, indicating massive growth potential.
• Goals and Advantages:
  • Hadron: Provides the technological platform for creating digital representations of securities.
  • Bitfinex Securities: Offers a trading venue authorized by El Salvador's digital asset regulator.
  • KraneShares: Provides fund management experience and an institutional investor network, with plans to launch blockchain-based Exchange Traded Products (ETPs) with its partners.
• Significance: This collaboration aims to bridge the gap between traditional finance and Distributed Ledger Technology (DLT), offering institutional investors more efficient and liquid cross-border securities trading opportunities.

Trump Reiterates Plans to Make the U.S. the "Bitcoin Superpower"

• Core Promise: His administration has taken action, including signing executive orders, aimed at stopping the "regulatory war" against cryptocurrencies (such as what he calls "Operation Chokepoint 2.0") waged by the previous administration.
• Key Initiatives:
  • Establishment of a "Strategic Bitcoin Reserve": Based on an executive order he signed, the federal government will store seized cryptocurrencies (including Bitcoin) from criminal and civil forfeiture cases into a new reserve, rather than "foolishly selling them." This has been likened to a "digital Fort Knox for digital gold."
  • Legislative Call: He urged Congress to pass "landmark legislation" to establish "simple, common-sense rules" for stablecoins and market structure.
• Community Response: Trump's crypto-friendly stance has been embraced by many in the crypto industry who believe it will help unleash economic growth and financial innovation.

Ripple’s RLUSD Stablecoin Surpasses $1 Billion Market Cap

• Growth Rate: RLUSD was officially launched in December 2024 and reached this milestone in less than a year, boasting a year-to-date growth rate of over 1200%.
• Market Position: RLUSD is now the 10th largest dollar-pegged stablecoin by market cap, though it still trails far behind giants like USDT and USDC.
• Development Strategy:
  • It was initially positioned as an "enterprise-focused" stablecoin but has gained significant traction among retail users as well.
  • Currently, about 80% of the RLUSD issued is based on Ethereum, while around 20% is on the XRP Ledger.
  • This milestone coincides with Ripple expanding its OTC (Over-The-Counter) services and completing the acquisition of crypto-friendly prime broker Hidden Road, where RLUSD is used as collateral within its Ripple Prime platform.

YouTube Clarifies Upcoming November 17 Policy Won’t Ban Crypto Content

• Policy Focus: The updated policy is aimed at cracking down on content related to online gambling, specifically videos that direct viewers to gambling sites or gambling activities involving "real-money value items" without Google certification.
• Key Clarifications:
  • No Impact: General discussions, educational videos, or gameplay showcasing NFTs (Non-Fungible Tokens), cryptocurrencies, or blockchain technology will not be affected.
  • Target: The policy specifically targets the promotion of "casino-style gambling" or uncertified gambling platforms that promise financial returns.
• Impact on Creators: This clarification offers relief to the Web3 creator community, indicating that YouTube’s goal is to ensure brand safety and avoid promoting illegal or unregulated gambling activities on the platform, rather than targeting cryptocurrency or NFTs per se.

Polymarket to Integrate Its Prediction Market Data into Google

• Content of Collaboration: Google will integrate data from both Polymarket and the CFTC-regulated prediction market platform Kalshi.
• User Experience: When users search for future events (such as GDP growth) in Google Finance, they will be able to directly see real-time odds. This aims to provide probability information by "leveraging the wisdom of the crowd."
• Significance: This integration is part of an AI-driven upgrade to Google Finance, designed to enhance the search experience by introducing diverse data sources, allowing users a more dynamic and deeper understanding of market sentiment and potential future outcomes.
• Industry Trend: The move highlights the increasing recognition of prediction markets as information trading hubs by mainstream platforms, reflecting a growing tendency for financial platforms to utilize them for forecasting and understanding public sentiment.