Ethereum's validator exit queue has accumulated nearly 2 million ETH awaiting withdrawal over the next 35 days, while exchange reserves have fallen to 15.9 million ETH, the lowest level in three years. The Fusaka upgrade is scheduled for December 3, targeting enhancements in Layer 2 scalability, transaction speed, and validator performance.

Shiba Inu was added to Japan's official green list of approved crypto assets on November 12, 2025, with the Japan Virtual and Crypto assets Exchange Association confirming its listing across eight member exchanges. Japan's Financial Services Agency has proposed reducing crypto taxation from 55% to a flat 20% capital gains rate for green list tokens. The reform requires government approval and would take effect April 1, 2026 if passed.

XRP fell 1.34% to $2.22 in 24 hours, extending losses for a sixth consecutive day from its November 11 peak of $2.56. A crypto trader opened a leveraged short position of 12.34 million XRP valued at $27.4 million, according to on-chain data. Large holders sold approximately 200 million XRP within 48 hours, intensifying downward pressure on the asset.

XRP continues trading within a descending channel, with recent recovery attempts meeting resistance near $2.45–$2.55. The $2.05–$2.15 demand zone represents a critical threshold separating an orderly pullback from potential accelerated decline. Price compression suggests a larger directional move may be approaching.

Ethereum remains confined within a descending channel as sellers maintain control at lower highs. The asset now consolidates in the $3,000–$3,100 demand zone, where medium-term buyers have historically emerged. A sustained breakout above $3,450 would be required to shift the bearish structure toward recovery.

Large Chainlink holders accumulated approximately 150,000 LINK tokens worth $2.36 million in recent sessions, data show. Wallets holding between 10,000 and 10 million tokens shifted to net buying after weeks of distribution. The buying activity aligns with a bullish RSI divergence on LINK charts and declining exchange reserves.

PEPE presents two opposing technical structures that divide traders. A completed head-and-shoulders pattern on the weekly chart points toward potential downside to $0.00000185, while a symmetrical triangle resembling XRP's 2017 consolidation suggests possible upside momentum through December. The token recently broke below both patterns' key support levels before staging a partial recovery.

Hyperliquid deployed HIP-3, a framework allowing developers to launch perpetual futures markets without central approval. Co-founder Jeff Yan announced the upgrade alongside initial integrations from TradeXYZ, Ventuals, and Felix Protocol. Each project deployed custom perpetual markets directly on the platform's Layer 1 infrastructure.