U.S. spot Bitcoin ETFs recorded $578 million in net outflows on November 4, while Ethereum ETFs saw $219 million in redemptions, marking their fourth and fifth consecutive days of withdrawals. Solana-based ETFs attracted $14.83 million in inflows the same day, extending a six-day streak despite SOL dropping over 30% in the past month.

The White House said President Donald Trump's pardon of Binance founder Changpeng Zhao followed a comprehensive review by the Department of Justice and White House Counsel's Office. Press Secretary Karoline Leavitt stated the clemency decision adhered to standard procedures applied to all pardon requests. Zhao pleaded guilty in November 2023 to Bank Secrecy Act violations and served a four-month sentence from April through September 2024.

The Monetary Authority of Singapore released its annual Financial Stability Review on November 5, 2025, flagging elevated valuations in technology and artificial intelligence equity segments. The central bank warned that fading optimism about AI's profit potential could trigger sharp equity market corrections and increased defaults in private credit markets. The assessment follows a semiconductor sector selloff that erased approximately $500 billion in market value this week.

Coinbase Chief Legal Officer Paul Grewal criticized traditional banking associations for opposing the exchange's national trust bank charter application on November 4, 2025. The Independent Community Bankers of America submitted a formal objection to the Office of the Comptroller of the Currency on November 3, 2025, urging regulators to deny the application. Banking groups argued the application fails to meet statutory standards and challenged the legal validity of OCC interpretive guidance permitting expanded activities for national trust banks.

Bitcoin-linked ETFs recorded approximately $578 million in outflows on Tuesday, marking their largest single-day withdrawal in recent weeks, while Ethereum ETFs saw nearly $220 million in redemptions. Solana ETFs attracted around $15 million in inflows during the same session, extending their streak to six consecutive days of positive flows amid tightening global liquidity conditions.

Canada's 2025 federal budget introduced legislation to regulate fiat-backed stablecoins. The framework will require issuers to maintain adequate reserves, establish redemption policies, implement risk management systems, and protect user data. The Bank of Canada will retain $10 million from its Consolidated Revenue Fund during fiscal 2026-27 to administer the program, with subsequent annual costs of $5 million funded through issuer fees.

Spot Bitcoin and Ether exchange-traded funds recorded their fifth straight day of withdrawals on Tuesday, with combined outflows totaling $785 million. Bitcoin ETFs saw $566 million in net redemptions—the largest single-day exit since mid-October—while Ether funds posted $219 million in outflows, according to Farside Investors.

Canada has introduced a regulatory framework for fiat-backed stablecoins under Bank of Canada oversight, allocating CA$10 million over two years starting in 2026, according to the country's 2025 federal budget released November 4. The initiative includes CA$5 million in annual operating costs to be recovered from regulated issuers. The Retail Payment Activities Act will be amended to bring stablecoin payment service providers under formal supervision.