[Federal Reserve's Barkin Says December Rate Cut Not a Sure Thing] Federal Reserve's Barkin stated that he agrees with Powell's view that a December rate cut is not a sure thing.

[Drift Protocol Releases Tokenomics Model, 55.6% of DRIFT in Circulation] The decentralized perpetual contract exchange Drift Protocol has released the latest tokenomics model for its governance token, DRIFT. As of November 2025, 55.6% of the total supply is in circulation, and the lock-up periods for all major investors have ended. Drift Protocol is preparing to launch the next-generation perpetual contract version, Drift v3, with a focus on improving speed and performance. Meanwhile, the community is discussing a proposal to use protocol surplus to buy back DRIFT tokens.

Some in the crypto world have called for DePIN to be more widely adopted to combat internet outage issues.

[Federal Reserve Adjusts Bank Supervision Approach and Plans to Reduce Number of Regulators] The Federal Reserve has released a three-page memorandum detailing new expectations for bank examiners, requiring them to focus on significant financial risks and limiting the scope of oversight on other matters. These adjustments may narrow the scope of work for Federal Reserve examiners. Federal Reserve Governor Bowman plans to reduce the number of regulatory personnel by 30% over the next year. The adjustments are expected to impact the Federal Reserve's approach to bank supervision in terms of overall stability but will not alter its limited regulatory efforts regarding consumer protection and fair lending laws for small banks.

The U.S. Office of the Comptroller of the Currency explained to the national banks it oversees how they can hold crypto for paying gas fees.