Headline
▌Grayscale Announces IPO Details: To List on the NYSE, with the ticker symbol "GRAY"
Crypto asset management company Grayscale has filed for an IPO and announced details of its listing on the X platform. The company's initial public offering of Class A common stock will be listed on the New York Stock Exchange under the ticker symbol "GRAY." Morgan Stanley, Bank of America Securities, Jefferies, and Cantor will serve as the lead underwriters for the IPO, with Wells Fargo, Canaccord Genuity, Piper Sandler, Keefe, Bruyette & Woods, and Needham & Company also participating in the underwriting.
Cash App, owned by Jack Dorsey, will add stablecoin support and Bitcoin payment functionality. Payment platform Cash App has announced plans to expand its cryptocurrency services, launching stablecoin support in early 2026, allowing users to send and receive cryptocurrencies pegged to the US dollar. Users will receive a dedicated blockchain address, and the system will automatically convert between US dollars and stablecoins. In addition, Cash App will add merchant Bitcoin payment functionality. Users will not need to hold Bitcoin; they can simply scan a merchant's QR code, and the platform will automatically convert their cash into Bitcoin to complete the payment. As a "Bitcoin-first" company, this move shows that even staunch Bitcoin supporters are beginning to pay attention to the development potential of the stablecoin sector. This sector has been active recently, including Stripe's acquisition of Bridge, Trump's signing of the Genius Act, and Mastercard's negotiations to acquire a stablecoin company. As of press time, according to CoinGecko data: BTC price is $100,286, a 24-hour change of -1.5%; ETH price is $3,262.38, a 24-hour change of -4.3%; BNB price is $929.74, a 24-hour change of -2.6%. The price of SOL is $145.64, a 24-hour change of -5.0%; the price of DOGE is $0.1646, a 24-hour change of -3.3%; the price of XRP is $2.33, a 24-hour change of -2.1%; and the price of TRX is $0.2932, a 24-hour change of -0.6%. WLFI price is $0.1452, 24-hour change -1.0%; HYPE price is $39.00, 24-hour change +1.8%. Policy: The Federal Deposit Insurance Corporation (FDIC) is developing guidelines for "deposit tokenization insurance," emphasizing the consistency of on-chain and traditional deposit legal nature. Acting Chairman Travis Hill of the FDIC stated that the agency is developing guidelines for "deposit tokenization insurance" to provide regulatory direction for financial institutions planning to expand their digital asset business. Hill emphasized that the legal nature of deposits should remain unchanged, whether in the traditional financial system or migrating to blockchain or distributed ledgers. The U.S. Department of Justice has established a new "Fraud Center Task Force" to combat cryptocurrency fraud in Southeast Asia, according to U.S. media reports. The task force aims to investigate, disrupt, and prosecute the most egregious fraud schemes, which are estimated to defraud Americans of nearly $10 billion annually. These schemes are operating from camps in Cambodia, Laos, and Myanmar, where fraudulent revenues can amount to nearly half of local GDP in some areas. Victims in the U.S. are often tricked into transferring funds to fake cryptocurrency websites and applications hosted by U.S. companies, but the money is subsequently laundered abroad. The Czech National Bank (CNB) announced on November 13, 2025, the creation of a $1 million cryptocurrency test portfolio, becoming the world's first central bank to include Bitcoin on its balance sheet. This portfolio includes Bitcoin, US dollar stablecoins, and tokenized deposits, designed to test the processes of purchasing, holding, and managing blockchain assets. CNB Governor Aleš Michl stated that this move aims to test decentralized Bitcoin from a central bank perspective and assess its potential role in reserve diversification. The plan was approved by the board on October 30, 2025, and the investment did not increase existing international reserves. Although the Czech Republic is a member of the European Union, it does not use the euro, giving its central bank a degree of independence relative to other European countries.
Blockchain Applications
▌Cboe Options Exchange to Launch Prediction Market in Months, But Avoids Sports-Related Projects
Cboe Global Markets Inc. plans to launch its own prediction market service in a few months, but unlike some competitors, the company will currently avoid launching sports-related projects. The industry offers event contracts regulated by the federal government.
▌Bank of New York Mellon Launches Money Market Fund Designed Specifically for Stablecoin Issuers
According to US media reports, Bank of New York Mellon is launching a money market fund specifically tailored for stablecoin issuers who need to comply with the recently signed US stablecoin laws.
BSRXX, offered by the bank, is one of the first funds specifically designed for stablecoin providers. It aims to provide them with an investment venue where they can deposit funds received when issuing new tokens, while complying with the GENIUS Act, which Trump signed into law earlier this year. This law requires issuers of dollar-backed digital tokens to invest their reserves in ultra-secure investments with shorter durations than traditional money market funds. Stephanie Pierce, associate director at BNY Mellon Investments, stated that the new fund is designed to meet this legal requirement by holding only securities with maturities of 93 days or less.
▌Musk: X Money Coming Soon
Musk stated, "X has just launched a whole new suite of communication features, including encrypted messaging, audio and video calls, and file transfer. X Money is coming soon."
▌Musk Denies Reports of XAI Funding
Market news: Musk stated that news regarding XAI's funding is "untrue. Previous reports indicated that XAI raised $15 billion in its Series E funding round."
▌Ripple Plans to Invest $4 Billion in Prime Brokerage, Custody Services, Fund Management Tools, and Stablecoin Promotion
According to Cointelegraph, Ripple plans to invest $4 billion in prime brokerage, custody services, fund management tools, and stablecoin promotion.
According to Cointelegraph, Ripple plans to invest $4 billion in prime brokerage, custody services, fund management tools, and stablecoin promotion.
$100 million will be used to build prime brokerage, custody services, fund management tools, and stablecoin promotion to connect cryptocurrency with Wall Street.
▌Crypto Payment Platform MoonPay Launches Enterprise Stablecoin Service
Crypto payment platform MoonPay announced the launch of its enterprise stablecoin service. The company also announced an integration with the open infrastructure MO to support developers of application-oriented stablecoins. This integration reportedly allows MoonPay to issue and manage fully reserved digital dollars on multiple blockchains, providing enterprises with tools for large-scale deployment of customized and interoperable stablecoins.
▌France Fully Lifts Travel Ban on Telegram CEO
During the French authorities' investigation of the messaging platform Telegram, CEO Pavel...
▌dYdX Community Votes to Approve Proposal to "Use 75% of Protocol Fees for DYDX Buybacks"
The dYdX Foundation announced that the dYdX community voted to approve the proposal to "use 75% of protocol fees for DYDX buybacks," increasing the allocation of protocol fees from 25% to 75% for DYDX buybacks, effective today.
▌Coinbase to Suspend AI16Z Perpetual Contract Trading on November 15th
Coinbase Markets announced that it will suspend AI16Z perpetual contract trading on November 15th.
Coinbase Markets announced that it will suspend AI16Z perpetual contract trading on November 15th.
Trading of the AI16Z perpetual contract (AI16Z-PERP) will be suspended around 11:30 AM UTC on November 15, 2025, applicable to Coinbase Advanced and Coinbase International Exchange.
Important Economic Developments
▌US October CPI Not Released as Expected
The US Bureau of Labor Statistics failed to release the October CPI report as scheduled. Previously, the White House had warned that due to the government shutdown, investigators could not be deployed to the field to collect data, and the October non-farm payroll and inflation data might never be released. The US government ended the shutdown on November 12 local time, and federal workers will return to work on November 13. The US Bureau of Labor Statistics will also release the September economic data after the government reopens.
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