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According to Cointelegraph, the U.S. Office of the Comptroller of the Currency (OCC) has issued guidance allowing banks to hold specific cryptocurrencies for the purpose of paying network gas fees. In a notice released on Tuesday, the OCC clarified that U.S. banks are permitted to maintain crypto on their balance sheets to cover network or gas fees, provided these transactions align with permissible activities. The regulator emphasized that an authorized national bank "may hold amounts of crypto-assets as principal necessary for testing otherwise permissible crypto-asset-related platforms." The OCC stressed the importance of conducting these activities in a safe and sound manner, adhering to applicable laws. The notice builds upon a previous communication from May, which informed banks of their ability to manage digital assets on behalf of customers and outsource certain crypto activities to third parties. This guidance reflects a shift in the OCC's stance on cryptocurrency under U.S. President Donald Trump, aiming to reduce the regulatory burden on financial institutions. The Tuesday letter also referenced the GENIUS stablecoin bill, signed into law in July, which establishes a regulatory framework for payment stablecoins. The OCC noted that stablecoin transactions at authorized national banks will likely necessitate network fees, which can be paid using assets held in custody or through an agent. While the stablecoin bill was enacted in July, its implementation is expected to take several months as the U.S. Treasury and Federal Reserve work to finalize the regulations. Meanwhile, U.S. Senate lawmakers are reportedly advancing negotiations on a digital asset market structure bill, regarded by many in the industry as a pivotal piece of crypto-related legislation currently under consideration.

According to BlockBeats, Glassnode's analysis reveals a substantial increase in actual losses for short-term holders, with the 7-day moving average reaching $427 million per day. This marks the highest level since November 2022. The analysis indicates that panic selling has peaked and intensified, surpassing the loss levels observed during the previous two major lows of the current cycle.

On Nov 18, 2025, 16:10 PM(UTC). According to Binance Market Data, BNB has crossed the 930 USDT benchmark and is now trading at 930.359985 USDT, with a narrowed 2.76% increase in 24 hours.

According to PANews, a trader has established a short position in ZCash, investing $22.3 million. The position has yielded a floating profit of $3.6 million. This comes after ZCash tested the $700 midline price two days ago, prompting the trader to continue shorting the cryptocurrency.

On Nov 18, 2025, 15:53 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 93,000 USDT benchmark and is now trading at 93,019.789063 USDT, with a narrowed narrowed 1.20% decrease in 24 hours.

According to Binance Futures data, over the past 24 hours, the ETH/USDT, BTC/USDT, SOL/USDT, ZEC/USDT and XRP/USDT trading pairs led the USD-M perpetual futures market in trading volume.ETH/USDT perpetual futures long/short ratio: 3.71, funding rate: 0.0064%.BTC/USDT perpetual futures long/short ratio: 3.66, funding rate: 0.0044%.SOL/USDT perpetual futures long/short ratio: 5.41, funding rate: 0.0089%.ZEC/USDT perpetual futures long/short ratio: 0.51, funding rate: 0.0100%.XRP/USDT perpetual futures long/short ratio: 3.12, funding rate: 0.0061%.

According to CoinMarketCap (CMC) data, the CMC Altcoin Season Index currently stands at 30. The index measures market performance by analyzing the top 100 cryptocurrencies by market capitalization to determine whether the market is shifting towards altcoins or Bitcoin dominance.  

On Nov 18, 2025, 15:20 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,100 USDT benchmark and is now trading at 3,110.830078 USDT, with a narrowed narrowed 0.09% decrease in 24 hours.

According to PANews, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, announced that the region is investigating the tokenization of stable cash flows, such as international shipping rent, on blockchain platforms for investor subscription. This initiative aims to create new investment products and leverage blockchain technology for asset traceability. Regarding stablecoins, relevant legislation has been passed, and license applications are under review, with the goal of issuing licenses starting next year. Hui emphasized that stablecoins are not tools for speculative trading but are intended to address challenges in the real economy, particularly in cross-border payments. Consequently, the initial number of licenses issued will be very limited, and regulatory measures will be implemented with great caution.

According to PANews, Hyperscale Data, Inc. has announced that as of November 16, 2025, the company's Bitcoin asset reserves, including current holdings and cash allocated for future Bitcoin purchases, total approximately $72.5 million. Based on the company's stock price at the close of November 17, 2025, this amount represents about 94% of the company's market capitalization. As of November 16, 2025, Hyperscale Data's wholly-owned subsidiary, Sentinum, Inc., holds approximately 332.2516 Bitcoins. Of these, 48.9048 Bitcoins were produced through mining operations, while 283.3468 Bitcoins were acquired via the open market, with a market value of approximately $31.3 million. Additionally, Hyperscale Data has allocated $41.25 million in cash for Sentinum to purchase Bitcoin on the open market.

According to Foresight News, Nasdaq-listed Onfolio Holdings has announced the acquisition of $300 million in convertible note financing from a U.S. institutional investor. The company plans to use the funds to establish a digital asset treasury, initially purchasing Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Onfolio Holdings aims to leverage cryptocurrency staking to enhance its balance sheet and accelerate business growth.

According to PANews, the Ethereum Foundation's account abstraction team has introduced the Ethereum Interoperability Layer (EIL) proposal. This initiative aims to unify all Layer 2 networks into a single Ethereum chain. The proposal is based on the ERC-4337 standard and the principle of trustless declaration, allowing users to complete cross-chain transactions with a single signature without additional trust assumptions. Users can initiate and settle cross-Layer 2 operations directly from their wallets, eliminating the need for relays or solvers. The EIL seeks to address the fragmentation issues of Layer 2 networks, simplifying token management and cross-chain transfer processes. Users only need to select the asset and address, and the wallet will automatically handle inter-chain routing and asset delivery. This approach is designed to streamline operations and enhance the efficiency of transactions across different Layer 2 networks.

According to Odaily, BitMart's market report on November 18 indicates that the resumption of U.S. government operations has not led to the expected improvement in market liquidity. Within the Federal Reserve, there is a notable division regarding the possibility of an interest rate cut in December. Although the market still assigns a high probability to a rate cut, the overall sentiment leans towards a 'hawkish cut,' offering limited stimulation to asset prices. U.S. stocks have entered a healthy correction phase, with AI leaders facing valuation and interest rate uncertainties despite stable fundamentals. The S&P and Nasdaq have experienced a roughly 5% phase correction. If the 2019 soft landing pattern repeats, there may still be additional downside potential. The cryptocurrency market continues its weak consolidation, with Bitcoin's short-term cost range of around $100,000 having been breached. Prices have also fallen below the 365EMA and the $93,000 support level, leading to widespread losses among short-term holders. If Bitcoin cannot quickly return to the aforementioned range, it may enter a prolonged downward cycle. ETF funds continue to exhibit a weak structure of 'inflows during rises and outflows during declines.' Bitcoin ETFs have seen net outflows exceeding $1 billion for three consecutive weeks, while Ethereum ETFs have also experienced weekly outflows of over $700 million. Overall, Bitcoin's current phase bottom range is concentrated between $80,000 and $90,000. Although market sentiment is nearing full release, there remains a marginal possibility of further price declines. In the short term, maintaining a defensive stance and patient observation is advised.

On Nov 18, 2025, 14:33 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 92,000 USDT benchmark and is now trading at 92,189.109375 USDT, with a narrowed narrowed 2.53% decrease in 24 hours.

According to Cointelegraph, Brazil is contemplating the implementation of a tax on the use of cryptocurrencies for international payments. This development is part of the country's broader strategy to integrate a global crypto tax reporting data exchange framework. A report from Reuters, citing officials with direct knowledge of the discussions, indicates that the Brazilian government is keen on extending the Imposto sobre Operações Financeiras (IOF) tax to encompass certain digital asset-based cross-border transactions. Brazil's Federal Revenue Service recently announced that its crypto-asset transaction reporting rules will align with the global Crypto-Asset Reporting Framework (CARF), as per a legal act dated November 14. This alignment will enable the tax department to access citizens' foreign crypto account data through the Organisation for Economic Co-operation and Development's global reporting and data-sharing standard. Brazil's commitment to CARF was evident when it signed a statement supporting the framework in late 2023. This initiative follows reports that the White House is evaluating the Internal Revenue Service's proposal to join CARF, alongside a similar move by the Council of the European Union. In late September, the United Arab Emirates also agreed to participate in the data-sharing program. Currently, cryptocurrencies are exempt from the IOF tax, although crypto capital gains are subject to a 17.5% flat tax. The IOF is a federal tax applied to financial transactions, including foreign exchange, credit, insurance, and securities operations. Sources cited by Reuters suggest that the proposed tax aims to close a loophole and increase public revenue. The exclusion of digital assets from the IOF is perceived as a loophole, as these assets, particularly stablecoins, can function as a de facto foreign-exchange or payment rail, bypassing the taxes imposed on traditional methods. Officials have stated that the new rules are designed to ensure that the use of stablecoins does not lead to regulatory arbitrage compared to the traditional foreign-exchange market. This move aligns with the Brazilian central bank's recent introduction of new regulations treating some stablecoin and crypto wallet operations as foreign exchange operations. These regulations extend existing consumer protection, transparency, and Anti-Money Laundering rules to crypto brokers, custodians, and intermediaries. In April, Brazilian judges were authorized to seize cryptocurrency assets from debtors, addressing another loophole. The Superior Court of Justice noted that while crypto assets are not legal tender, they can be used as a form of payment and as a store of value.

According to BlockBeats, a recent global fund manager survey conducted by Bank of America revealed that 54% of respondents view investing in the 'Magnificent Seven'—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—as the most crowded trade currently. The bank noted that in November, the strategy of going long on these tech giants has surpassed the previous preference for gold investments, becoming the top crowded trade.

According to BlockBeats, data from ADP Research indicates that U.S. companies laid off an average of 2,500 employees per week over the four weeks ending November 1. This suggests a slowdown in the labor market in late October. The monthly employment report released on November 5 showed an increase of 42,000 jobs in the private sector, following two months of decline. The U.S. Bureau of Labor Statistics is set to release the September employment report on Thursday, with expectations of a 55,000 increase in total employment compared to the previous month. Prior to ADP's weekly data release, several major companies, including Amazon and Target, announced layoffs for the month. According to Challenger, Gray & Christmas, planned layoffs in October reached the highest level in over two decades.

According to Foresight News, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, outlined the region's strategic plans in financial technology, asset management, and commodity markets. The aim is to leverage the 'one country, two systems' framework to establish Hong Kong as an 'international asset safe deposit box' and support the nation's strategy to become a financial powerhouse. Hui emphasized that the development of financial technology (FinTech) is intended to empower the real economy rather than promote speculative activities. He highlighted the exploration of asset tokenization in practical economic scenarios such as international shipping leases and corporate fund management. Additionally, he noted the successful issuance of the third batch of digital green bonds by the Special Administrative Region government as a significant step towards normalization. Hong Kong has enacted relevant legislation with the goal of issuing stablecoin licenses starting next year. However, the initial number of licenses will be limited, and regulation will be cautious. The purpose of stablecoins is to address real economic challenges like cross-border payments, rather than serve as speculative tools. The region is actively working to attract family offices and plans to submit a bill to the Legislative Council next year. This bill aims to expand tax exemptions to include emerging product categories such as digital assets, private credit, and carbon credits, thereby better capturing global capital.

On Nov 18, 2025, 13:38 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 91,000 USDT and is now trading at 90,952.929688 USDT, with a narrowed 3.42% decrease in 24 hours.

According to BlockBeats, Tether has announced a strategic investment in Ledn, a provider of Bitcoin-backed loans, to enhance opportunities in Bitcoin collateralized lending. Ledn's infrastructure includes advanced custody, risk management, and clearing systems to ensure the security of clients' digital assets throughout the loan cycle. As the Bitcoin-backed lending market is poised for significant growth, Ledn is well-positioned to expand credit accessibility in both retail and institutional markets. Since its inception, Ledn has issued over $2.8 billion in Bitcoin-backed loans, with more than $1 billion disbursed in 2025 alone, marking the company's strongest annual performance to date. In the third quarter of 2025, Ledn issued $392 million in loans, nearly matching the total for the entire year of 2024. The company currently reports an annual recurring revenue (ARR) exceeding $100 million, highlighting the growing demand for secure Bitcoin-backed lending products.