Bitcoin and Ethereum are trading in negative territory for 2025 with six weeks left in the year. The two largest cryptocurrencies by market capitalization are leading a broader market decline that positions crypto among the poorest-performing asset classes. Without a significant catalyst, digital assets may finish 2025 behind traditional equity markets and money market instruments in total returns.

More than $297 million in token unlocks will enter circulation between November 17 and November 24, data show. ZRO will release $37.28 million and Solana $69.53 million, adding supply during a period of heightened market volatility. The unlocks span both cliff events and linear releases across multiple projects.

SlowMist identified critical security vulnerabilities in NOFX AI, an open-source crypto futures trading platform built on DeepSeek and Qwen architectures, that allowed attackers to access wallet private keys and exchange API credentials. Binance and OKX worked with SlowMist to identify affected users and revoke compromised credentials by November 17. The flaws affected multiple system versions, with authentication controls failing to protect administrator functions and sensitive endpoints returning API keys by default.

Privacy-focused cryptocurrency Zcash has taken the top position in search volume on Coinbase exchange. Data show ZEC recorded 52,000 searches, outpacing Bitcoin's 41,000 and XRP's 39,000, according to Thor Torrens, a member of Zcash's advisory panel. The token has gained 14.19% over seven days and 215% in the past month.

The XRP exchange-traded fund recorded a net outflow of $15.5 million in its first complete trading week, reversing institutional demand patterns observed since 2023. The XRPC product launched November 13 with $243 million in second-day flows and $58 million trading volume. The subsequent outflow reflected broader market liquidation pressures affecting cryptocurrency investment products.

Token unlocks worth over $297 million are scheduled between November 17 and November 24 across multiple projects. LayerZero will release 25.71 million ZRO tokens valued at $37.28 million, representing the largest single cliff unlock. SOON follows with 15.21 million tokens worth $25.86 million, according to Tokenomist data.

Cardano founder Charles Hoskinson acknowledged structural challenges facing blockchain networks during a November 15 broadcast. He identified marketing deficiencies and limited ecosystem growth as critical weaknesses requiring immediate attention. Hoskinson outlined plans for the Midnight sidechain to enhance cross-chain interoperability and introduce privacy features aimed at expanding network participation beyond 10 million users by 2030.

Strategy purchased 8,178 BTC for approximately $835.6 million at an average price of $102,171 per coin, according to executive chairman Michael Saylor. The acquisition brings the firm's total holdings to 649,870 BTC with an average cost basis of $74,433 per bitcoin. Bitcoin was trading near $93,910 at the time of the announcement.