Technology and artificial intelligence stocks posted their steepest weekly losses since April, while Bitcoin declined toward $100,000. Crypto exchange-traded funds saw outflows exceeding $700 million in one week, with BlackRock's Bitcoin ETF losing nearly $600 million. High-valuation AI stocks including Palantir and Oracle also registered declines despite reporting solid earnings.

Ripple Labs settled its SEC case in August 2025 with a $125 million penalty, gaining regulatory clarity on XRP sales. Rather than pursuing a public listing, the company raised $500 million from institutional investors at a $40 billion valuation. The private funding round included Fortress Investment Group and Citadel Securities, signaling Ripple's preference to avoid the disclosure burdens and regulatory complexities of U.S. public markets.

Federal Reserve Board member Stephen Miran said stablecoin market expansion may reshape global demand for dollar assets and influence U.S. monetary policy. Analysts project dollar-backed tokens could hit $3 trillion by the end of the decade, exceeding certain segments of the U.S. debt market. Miran noted that rising demand for these digital instruments strengthens the dollar's global position while complicating the Fed's liquidity management approach.

Digital asset liquidity expanded from $180 billion to $560 billion between 2024 and November 2025, representing a threefold increase driven by institutional adoption and ETF launches. Data from Wintermute shows that since August 2025, ETF inflows and stablecoin issuance have slowed significantly. Analysts attribute the shift to tighter monetary conditions, profit-taking, and reduced risk appetite following an extended bullish period.

Federal Reserve Governor Stephen Miran said Friday that expanding stablecoin adoption could push down the economy's neutral interest rate. Stablecoin reserves, backed by Treasuries and cash, add liquidity to financial markets, he explained. Miran supports faster rate cuts to reflect structural changes from digital asset growth.

Federal Reserve Governor Stephen Miran said on November 8, 2025, that growing demand for dollar-pegged stablecoins may be lowering the U.S. neutral interest rate. He argued the Fed should cut policy rates to avoid unintentional economic tightening. Miran warned that stablecoins could become a multitrillion-dollar factor for central bankers.

Coinbase Europe Limited has been fined €21.5 million by the Central Bank of Ireland for breaching anti-money laundering and counter-terrorist financing regulations between April 2021 and March 2025. The exchange failed to monitor over 30 million transactions worth more than €176 billion, representing approximately 31% of its total activity during a period of technical disruptions. Following a nearly three-year review, Coinbase filed 2,708 suspicious transaction reports with Irish authorities.

Changpeng Zhao will appear on Fox News on November 8 for his first television interview following his presidential pardon. The interview is expected to address Binance's decentralization strategy and regulatory developments affecting the cryptocurrency industry.