The number of XRP spot ETF proposals has increased

[November Cryptocurrency Trading Volume Hits Record Low, Bitcoin ETF Net Outflows Reach $3.48 Billion] November saw a sharp decline in cryptocurrency market trading volume, with CEX monthly trading volume dropping to $1.59 trillion, a 26.7% decrease month-on-month, marking the lowest level since June. Binance's trading volume fell from $810.44 billion in October to $599.34 billion. DEX trading volume also dropped to $397.78 billion. Bitcoin's price fell from $110,000 at the beginning of the month to $86,500 by the end of the month. U.S. Bitcoin spot ETF net outflows reached $3.48 billion, the largest single-month outflow since February this year.

Virtual currencies lack the legal status of fiat money, Chinese officials said during an intra-agency meeting on Friday.

Ripple has been approved by the Monetary Authority of Singapore (MAS) to expand its payment activities under its primary payment institution license, providing end-to-end fully licensed payment services. （Cointelegraph）

[The Federal Reserve Officially Ends Quantitative Tightening Today] At the Federal Reserve's meeting on October 29, 2025, it was decided that quantitative tightening (QT) will officially end starting December 1, 2025 (UTC+8). Since tightening monetary policy in March 2022 and initiating quantitative tightening (QT) to reduce bond holdings in June 2022, the Federal Reserve has withdrawn over $2 trillion from the market. Starting today, the Federal Reserve will cease withdrawing funds from the market.

Due to regulatory clarity and institutional demand, the number of XRP spot ETF proposals is increasing, while other cryptocurrency issuers are still adopting a wait-and-see attitude. （Cointelegraph）