Crypto News Round-Up — November 2025

This month’s news saw significant moves in both global crypto policy and market dynamics. From China’s mining boom to central bank warnings about stablecoins, recent developments highlight continued institutional interest and growing regulatory focus. Here are the top stories from the last 24 hours。

• China’s Bitcoin Mining Rebounds Despite Ban
• ECB Warns Stablecoins Could Threaten Bank Stability
• Major Banks Embrace Crypto Infrastructure
• New Crypto ETF Applications Accelerate Adoption
• Flash Loan Exploit Hits Decentralized Finance Protocol
• U.S. Fed Advances Digital Dollar Pilot Program

China’s Bitcoin Mining Rebounds Despite Ban

Despite Beijing’s 2021 crackdown, Bitcoin mining in China is surging once again. Recent data show that as of October 2025 China accounts for roughly 14% of global Bitcoin hash power, putting it back among the top mining nations (www.reuters.com). Bitcoin equipment maker Canaan Inc. even reported that Chinese sales now constitute over half of its quarterly revenue – up from under 3% in late 2022 (www.reuters.com). Industry analysts note that cheap power and abundant infrastructure are attracting miners despite the ban, suggesting Chinese regulators may be tolerating the activity to capitalize on economic incentives (www.reuters.com).

• Signals a potential softening of China’s crypto stance as miners quietly return.
• Reshapes the global mining map, increasing network hashrate from Asia.
• May influence future Chinese policy on mining and trading of crypto.

ECB Warns Stablecoins Could Threaten Bank Stability

The European Central Bank has issued a stark warning about the risks tied to major stablecoins. In its latest Financial Stability Review, the ECB cautioned that stablecoins (now over $280 billion in market value) could siphon retail deposits away from eurozone banks, potentially destabilizing the traditional banking funding model (www.reuters.com). The report notes that roughly 80% of all centralized crypto trades use stablecoins, making them highly systemically important. The ECB highlighted the danger of a large-scale “run” where investors rush to redeem stablecoins – since issuers often hold huge stockpiles of U.S. Treasury debt, a sudden wave of redemptions could force a distressed sale of those assets and disrupt global markets (www.reuters.com).

• Stablecoins attracting bank customers could weaken bank deposits and lending.
• A coordinated redemption of stablecoins poses risks to U.S. Treasury markets and EU financial stability.
• Flags the need for stricter regulation to prevent potential systemic shocks.

Major Banks Embrace Crypto Infrastructure

Traditional financial institutions continue to expand into the crypto space. According to recent industry reports, top banks like Morgan Stanley and Bank of Nova Scotia are moving forward with crypto initiatives. Morgan Stanley is planning to offer digital asset investment products to its wealth clients, while Bank of Nova Scotia is piloting a secure cryptocurrency custody service (Bloomberg).

• Shows growing acceptance of crypto by mainstream finance and potential new liquidity flows.
• Supports institutional investor access, likely drawing more legitimacy to market.
• Could prompt stronger regulatory oversight as banks enter the crypto market.

New Crypto ETF Applications Accelerate Adoption

Regulated crypto products are gaining traction. Multiple asset managers have filed for new Bitcoin and Ethereum exchange-traded funds (ETFs), aiming to simplify crypto investing for institutional and retail buyers. Reports indicate these filings seek approval from regulators to allow broader market participation through familiar investment vehicles (CoinDesk).

• Increased regulatory-approved products can channel more institutional capital into crypto.
• Greater accessibility for everyday investors, potentially boosting demand and liquidity.
• Signals that financial firms see crypto as a maturing asset class worthy of regulated investment vehicles.

Flash Loan Exploit Hits Decentralized Finance Protocol

Security challenges persist in decentralized finance (DeFi). According to Cointelegraph, a vulnerability in a DeFi lending platform was recently exploited via a flash loan attack, enabling hackers to siphon off a significant sum. While exact figures are still being tallied, the incident underscores lingering risks in smart contract code and automated trading mechanisms (Cointelegraph).

• Highlights that DeFi protocols remain vulnerable to sophisticated attacks.
• Emphasizes the importance of audits and risk management in crypto projects.
• May spur calls for tighter security standards or insurance in the DeFi space.

U.S. Fed Advances Digital Dollar Pilot Program

Central bank digital currency (CBDC) efforts are moving forward in the United States. The Federal Reserve has initiated a pilot exploring how a digital dollar could function alongside its FedNow payment network. This program tests digital currency interactions, settlement processes, and interoperability under the Fed’s supervision, according to Bloomberg reports.

• Represents concrete steps toward a future U.S. digital currency backed by the central bank.
• Reflects broader global CBDC development and potential impact on commercial banking.
• Signals that policymakers are preparing for digital finance innovations.

Reminder: The cryptocurrency market is highly volatile. This roundup is for informational purposes only and does not constitute investment advice. Always conduct your own research before making financial decisions.

Bottom Line

This week’s news underscores the evolving maturation of cryptocurrency markets. Institutional participation is growing while regulators and central banks are paying closer attention to potential risks. From China’s quiet mining revival to new bank-led crypto services and digital currency pilots, the landscape is changing rapidly. Investors should note both the increased integration with the financial system and the ongoing uncertainties – reinforcing the importance of caution amid market volatility.