Tokyo-listed Metaplanet executed a $100 million Bitcoin-backed borrowing on October 31st, utilizing part of a $500 million credit facility. The company holds 30,823 BTC valued at approximately $3.33 billion, ranking seventh among corporate Bitcoin holders globally. Proceeds will fund additional Bitcoin acquisitions, income-generating operations, and potential share buybacks.

Coinbase Global has submitted formal comments calling on the U.S. Treasury Department to implement GENIUS Act regulations that strictly adhere to the statute's original intent. The exchange argued that non-financial software, blockchain validators, and open-source protocols should remain outside regulatory scope. It also emphasized that stablecoin intermediaries offering loyalty rewards should not be subject to the Act's prohibition on interest payments, which applies only to issuers.

Large Ethereum holders collectively purchased 394,682 ETH valued at $1.37 billion over three days, data show. The largest buyer acquired 257,543 ETH for approximately $896 million at $3,480 per token. Other major holders including Bitmine added 40,719 ETH worth nearly $140 million during the accumulation period.

Trader Arthur Hayes argues that Bitcoin's next rally depends on the U.S. government ending its shutdown and releasing liquidity. The Treasury General Account currently holds approximately $150 billion above its $850 billion target, creating a negative liquidity balance that will reverse when operations resume.

Bitcoin rose above $103,000 on Thursday following stronger-than-expected US economic reports. Services activity hit an eight-month high in October, while private payrolls increased by 42,000, exceeding forecasts. The data lifted equities and digital assets as risk sentiment improved across global markets.

Bitcoin briefly fell below $100,000 on November 5, 2025, triggering more than $1.7 billion in liquidations across cryptocurrency exchanges. Analysts say the decline resulted from excessive leverage unwinding rather than long-term investor selling. Market observers identify the $100,000 level as critical support, with on-chain data showing holders maintaining positions.

Franklin Templeton, Canary Capital, and Bitwise have submitted updated filings for spot XRP ETFs designed to permit trading without waiting for the SEC's formal approval during the ongoing government shutdown. The modifications could enable the products to begin trading in November, joining recently launched altcoin ETFs for Solana, Litecoin, and Hedera Hashgraph, according to Bloomberg ETF analyst James Seyffart.

World Liberty Financial (WLFI), the cryptocurrency initiative associated with U.S. President Donald Trump, has partnered with Bonk and Raydium to expand its USD1 stablecoin onto the Solana blockchain. The collaboration will establish USD1-based trading pairs and liquidity pools on Raydium, while Bonk.fun will integrate the stablecoin into its memecoin launchpad. USD1 aims to compete with Circle's USDC, which accounts for over $9 billion of Solana's $14.12 billion stablecoin market.