HM Revenue and Customs has directed cryptocurrency exchanges to collect detailed transaction records of UK customers starting January 2026, with submission to HMRC required by 2027. The mandate aligns the UK with jurisdictions adopting the OECD's Crypto-Asset Reporting Framework, including EU countries and Canada. Industry observers note platforms will face increased operational costs for system upgrades and compliance infrastructure.

On-chain data show Bitcoin whales holding at least 1,000 BTC are exhibiting divergent behavior. New Whales—those who acquired coins within the past 155 days—have been selling at a loss during the recent price decline, while Old Whales with longer holding periods have stayed largely on the sidelines.

U.S.-listed cryptocurrency equities advanced Friday as prediction-market odds for a December Federal Reserve rate reduction surged to 87%, the month's highest level. Bitcoin miners including Cleanspark, Riot Platforms and Cipher Mining posted gains, extending a five-day rally. Circle, the USDC stablecoin issuer, jumped nearly 10% in early trading.

Chainlink Reserve purchased 89,000 LINK tokens valued at $1.18 million within 24 hours, bringing total holdings to 973,752 tokens worth $12.9 million. The acquisition occurred amid sustained spot market demand, with LINK trading at $13.40 and posting an 11.3% weekly gain. Over a seven-day period, the Reserve accumulated 170,300 LINK tokens worth $2.2 million.

Bitcoin reached $93,092 on Friday morning, its highest level in one week, before pulling back as it attempts to reclaim a critical resistance zone. Analyst Rekt Capital notes that BTC must close November above $93,500 to potentially finish 2025 in positive territory, according to historical Four-Year Cycle patterns. The cryptocurrency has traded below $100,000 for nearly two weeks following November corrections, after dropping to a seven-month low of $80,600 earlier.

CoinShares has formally withdrawn its S-1 filing for a Solana staking exchange-traded fund in the United States, ending a process last updated in September. The withdrawal comes as the firm prepares for a merger with Vine Hill Capital ahead of a planned US listing. Solana currently trades at $137.83 with a market capitalization near $77.1 billion, while analysts project potential upside supported by transaction growth and $613 million in spot ETF inflows.

Bitcoin price movements now depend on ETF flows, perpetual swap funding, stablecoin liquidity, holder behavior, and macro conditions rather than traditional on-chain signals alone. Since US spot Bitcoin ETFs launched in January 2024, institutional capital flows and derivatives positioning have become primary drivers of BTC volatility.

The Coinbase Premium Index has turned positive for the first time in several weeks, coinciding with Bitcoin's recovery above $90,000. Data from CoinGlass show the shift marks a reversal from persistent negative values observed throughout late October and much of November. The change suggests renewed buying activity from U.S. market participants after an extended period of net selling pressure.