Crypto News Round-Up — November 2025

Amid ongoing market volatility and regulatory attention, several major developments have emerged in crypto over the last 24 hours. Lawmakers grilled a top regulator nominee on digital currency policy, exchanges announced new products, and large institutions moved further into the space. Below is a digest of the biggest recent crypto headlines:

• Senate Probes Crypto Stance of CFTC Nominee
• SGX to Launch Bitcoin & Ethereum Perpetual Futures
• Major Crypto Exchange Hacked
• Social Media Moves into Crypto
• Major Bank Launches Crypto Custody Services
• Ethereum Network Goes Deflationary

Senate Probes Crypto Stance of CFTC Nominee

On November 19, U.S. senators quizzed Michael Selig, President Trump’s nominee to lead the Commodity Futures Trading Commission, about his plans for cryptocurrency oversight (www.reuters.com) (Reuters). Members of the Senate Agriculture Committee focused on election-betting platforms and Selig’s stance on digital assets. The hearing is seen as a critical clue about how U.S. crypto regulation may evolve under the incoming administration.

• Nominee’s views could set the future tone of crypto regulation in the U.S.
• CFTC enforcement and guidance on crypto derivatives will be affected.
• Senators’ concerns highlight persistent worries over unregulated crypto markets.

SGX to Launch Bitcoin & Ethereum Perpetual Futures

Singapore Exchange (SGX) announced its derivatives arm will begin trading perpetual futures contracts for Bitcoin and Ether starting November 24 (www.reuters.com) (Reuters). These futures, restricted to accredited institutional investors, mark one of the few regulated crypto products in Asia. By introducing Bitcoin and Ether products on a major exchange, regulators hope to increase price discovery and liquidity while keeping trading in a legal, monitored environment.

• Provides Asia-based institutions with a CFTC-regulated venue for crypto exposure.
• Could lead other global exchanges to list similar products if demand rises.
• High-profile institutional interest may stabilize market flows.

Major Crypto Exchange Hacked

A prominent cryptocurrency trading platform disclosed a catastrophic security breach, with hackers siphoning off an estimated $1.5 billion worth of assets (apnews.com) (AP). The theft exploited a vulnerability during a routine token transfer and affected numerous tokens including ETH. Such breaches remind the community that even well-known exchanges can suffer massive losses, fueling calls for better security and insurance mechanisms.

• Emphasizes the need for rigorous security audits and insurance for crypto firms.
• May lead to temporary withdrawal freezes or reimbursements by the exchange.
• Regulators could respond with sharper oversight on exchange practices.

Social Media Moves into Crypto

Tech giants are increasingly experimenting with blockchain in social networks. Recent reports suggest a major social media company is trialing crypto-based features like digital tipping or creator tokens (Bloomberg). By integrating blockchain payments, the platform aims to deepen user engagement and tap into the digital asset economy. Such moves highlight how crypto adoption is expanding beyond finance into everyday applications.

• Can onboard millions of mainstream users to crypto via social platforms.
• Encourages web3 content creation and new monetization models.
• Raises questions about regulation of crypto activities on social networks.

Major Bank Launches Crypto Custody Services

Major financial institutions are also rolling out crypto offerings. For example, reports indicate a leading global bank is preparing to offer crypto custody and brokerage services to its clients (Bloomberg). By opening its vaults to hold digital assets, the bank aims to tap demand from wealthy individuals and institutions. This step further integrates cryptocurrencies into traditional finance.

• Brings significant capital and credibility to the crypto market.
• Enhanced compliance (KYC/AML) can help legitimize crypto usage.
• May spur other banks to follow suit, expanding institutional infrastructure.

Ethereum Network Goes Deflationary

Ethereum’s recent network upgrades continue to impact supply. Analytics show that Ethereum has burned more ETH in transaction fees than it has issued over the last period (CoinDesk). In other words, the circulating supply is now shrinking. A deflationary issuance model is a milestone for Ethereum’s monetary policy, potentially adding upward pressure on price if demand holds steady.

• Token burn reduces total supply, which can support long-term price gains.
• Validates the effectiveness of recent protocol changes (like EIP-1559).
• Highlights how network economics are evolving to resemble digital gold.

Cryptocurrency markets can be extremely volatile. New developments or security incidents can cause sharp price swings. Investors should conduct their own due diligence (DYOR) and be cautious. This report is informational and not investment advice.

Bottom Line

The recent headlines illustrate a crypto market at a crossroads: regulators are probing oversight, while businesses and institutions seek to innovate or invest. Launching new products on regulated exchanges and offering custody services shows growing mainstream interest, even as hacks and legal questions loom. Investors should recognize both the promise and the risks, staying informed as digital assets continue to reshape finance.