Bitcoin is trading close to its $142,000 fair value according to the power law model, positioning the asset for potential upside. Long-term holders and miners continue accumulating despite recent volatility, while institutional forecasts remain mixed with end-2025 projections ranging from $120,000 to $180,000.

Pakistan is evaluating the development of a stablecoin pegged to the rupee, according to Zafar Masud, President of the Pakistan Banks Association. Officials estimate the country could capture $20 billion to $25 billion in cryptocurrency-related economic growth. The banking sector has warned that delays in digital asset regulation may result in lost investment opportunities.

OpenAI has proposed to the White House Office of Science and Technology Policy that the existing 35% semiconductor manufacturing tax credit under the Chips Act be extended to AI data centers, server production, and electrical grid components. The company clarified it is not seeking a federal bailout despite earlier confusion from CFO remarks. The proposal follows OpenAI's $38 billion capacity agreement with Amazon Web Services.

Gaming activity on Web3 platforms reached 27.9% of total on-chain engagement in October, the highest share recorded this year. NFT trading volume increased 30% to $546 million across 10.1 million transactions. Decentralized finance total value locked declined 6.3% to $221 billion amid market liquidations and a $93 million loss at Stream Finance.

Franklin Templeton has amended its S-1 registration for a spot XRP exchange-traded fund by removing the SEC's "8(a)" delay provision, positioning the filing for automatic effectiveness once regulatory requirements are met. The firm, which manages over $1 trillion in assets globally, joins Canary Funds and Bitwise in advancing XRP ETF applications. The move mirrors strategies previously used by Bitcoin and Ethereum ETF issuers to accelerate product launches.

Hong Kong's Securities and Futures Commission announced on November 3, 2025, that licensed virtual asset trading platforms can connect local clients to global liquidity pools. The regulatory change removes the previous requirement for platforms to maintain separate Hong Kong-only order books. SFC CEO Julia Leung said the move aims to strengthen the city's cryptocurrency trading ecosystem and enhance competitiveness with Singapore and the United States.

Senator Elizabeth Warren's attorneys have rejected a defamation threat from Binance founder Changpeng Zhao regarding her characterization of his guilty plea. The legal team argues Warren's statement that Zhao pleaded guilty to money laundering and was sentenced to prison is factually accurate and supported by Department of Justice records and court filings. Zhao's counsel claims the senator misrepresented the nature of his plea, contending he accepted responsibility for compliance failures rather than personally laundering money.

FTX creditors will receive between 9% and 46% of their original holdings when measured in actual cryptocurrency terms, according to Sunil Kavuri, head of the exchange's largest creditor group. While the nominal payout rate stands at 143% of filed claims, the real recovery value remains significantly lower due to substantial cryptocurrency price appreciation since the November 2022 bankruptcy filing. Kavuri also warned creditors about ongoing fraud schemes targeting the group through fake airdrops and impersonation tactics.

Cryptocurrency hack losses dropped to $18.18 million across 15 incidents in October, down 86% from September's $127.06 million, data show. Garden Finance, Typus Finance, and Abracadabra accounted for $16.2 million of the total. The decline marks one of the quietest months for crypto security breaches, though analysts warn that threat actors continue developing new attack methods.