On the same day that XRP's new exchange traded fund set a daily net inflow record for 2025, Bitcoin and Ethereum funds experienced one of the worst investment performance days. （Decrypt）

[The Independent Community Bankers of America Urges OCC to Block Sony's Stablecoin License Application] The Independent Community Bankers of America (ICBA) has submitted a letter to the U.S. Office of the Comptroller of the Currency (OCC), requesting it to block Connectia Trust, a subsidiary of Sony Bank, from obtaining a national trust license to issue a U.S. dollar stablecoin. ICBA pointed out that the stablecoin exhibits 'deposit-like' characteristics but is not subject to federal deposit insurance or the Community Reinvestment Act (CRA) and could potentially trigger restrictions under the Bank Holding Company Act through mechanisms such as debit cards. Additionally, ICBA raised concerns about Sony Group's influence over Sony Financial. Currently, several companies, including Coinbase, Circle, Ripple, Paxos, and the stablecoin division of Stripe, Bridge, are also seeking federal licenses.

[Federal Reserve Officials' Cautious Statements Trigger Fluctuations in Rate Cut Expectations] On November 14, the U.S. dollar rose due to cautious remarks from Federal Reserve officials regarding rate cuts. Kashkari, Harker, and Mester all made cautious comments about a potential rate cut in December. Federal Reserve Chair Powell previously stated that another rate cut in December is not a foregone conclusion. According to LSEG data, the market's probability expectation for a December rate cut has risen to 44%, up from 30% a week ago. The end of the government shutdown will bring a large amount of backlogged data, which could influence rate expectations, but the timing and reliability of the data release remain unclear.

ARK Invest purchased $46 million worth of shares when Circle stock fell below $90. （Cointelegraph）

[BlackRock ETHA Address Deposits Approximately 43,240 ETH to Coinbase] According to Onchain Lens monitoring, the BlackRock Ethereum ETF ETHA address deposited 43,240 ETH to Coinbase, valued at approximately $137 million.