[South Korea Kakao Bank Advances Development Plan for KRW-Pegged Stablecoin] South Korean IT giant Kakao's digital banking division, Kakao Bank, has advanced its KRW-pegged stablecoin plan to the development stage. According to its official website, the bank is recruiting backend developers for blockchain services, with requirements including in-depth knowledge of smart contracts, familiarity with token standards, and experience in transaction management and full node operations.

[Franklin Templeton Discloses XRP Spot ETF Holdings of Approximately 32.04 Million Units for the First Time] Franklin Templeton has disclosed details of its XRP Spot ETF for the first time. As of November 25, the ETF holds 32.04056008 million XRP, custodied by Coinbase Custody, with total net assets of $62.94 million and a current outstanding share count of 2.65 million.

[Tom Lee: ETH and BTC Decline Due to Forced Liquidations, Not Fundamental Issues] Tom Lee stated that the decline in ETH and BTC was caused by forced liquidations due to manipulation, rather than a collapse in fundamentals. Market timing expert Tom DeMark believes the ideal bottom for ETH is around $2,500, but a reversal could occur earlier.

Robinhood has expanded its predictive market business through a joint venture with Susquehanna, jointly operating an exchange and clearing house licensed by the US Commodity Futures Trading Commission (CFTC). （Cointelegraph）

[Merlin Chain to Undergo Mainnet Upgrade Today, Estimated Downtime of 12 Hours] Merlin Chain officially announced that it will initiate a mainnet infrastructure upgrade on November 26, 2025, at 13:00 (UTC+8), aiming to enhance network scalability and address issues related to ZK performance. During the upgrade, the mainnet will suspend all transaction submissions, with an estimated downtime of 12 hours. Users can still check historical transaction records and account balances via the block explorer. Once the upgrade is complete, the network will automatically resume normal operations.