Bitcoin dropped to approximately $93,000 on Sunday, its lowest level since early May, before recovering to around $95,285. The decline coincided with $619 million in crypto liquidations over 24 hours and tightening liquidity conditions tied to elevated U.S. treasury account levels. Analysts expect liquidity to return as government operations resume and delayed payments are processed, potentially driving a market recovery.

Polymarket has resumed operations in the United States through a beta trading platform, founder Shayne Coplan disclosed. The move follows the platform's 2022 settlement with the CFTC and its July 2025 acquisition of licensed derivatives exchange QCX.

Bitcoin dropped 3% to $103,222 on Wednesday as investors took profits and uncertainty mounted over the Federal Reserve's December rate decision. The cryptocurrency briefly traded below $103,000 at around $102,600 earlier in the session. Traders are monitoring conflicting signals from Fed officials regarding a potential year-end rate cut, with the CME FedWatch Tool showing a 66.9% probability of a reduction at the December 9-10 meeting.

The Depository Trust and Clearing Corporation has registered Bitwise's spot Chainlink exchange-traded fund in its pre-launch category under ticker symbol CLNK. The listing follows Bitwise's S-1 filing in August and Grayscale's subsequent proposal in September. Canary Capital filed its 8-A form for a spot XRP ETF on Monday, the final regulatory documentation before launch.

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 Ethereum exchange-traded funds in the United States recorded a combined net outflow of $797 million on Tuesday, according to SoSoValue data. Bitcoin ETFs posted $577.74 million in outflows, marking the largest single-day exit since August 1. Ethereum ETFs saw $219.37 million leave the funds during the same period.

Berachain Foundation deployed an emergency hard fork binary to validators following a $12 million exploit on its native decentralized exchange BEX. The network suspended operations after a Balancer V2 vulnerability affected multiple blockchains. Validators are implementing the upgrade to prevent further asset transfers before resuming block production.

Strategy has filed to offer 3.5 million shares of euro-denominated perpetual preferred stock (STRE) to raise capital for bitcoin acquisitions and corporate operations. The company announced Monday it purchased 397 BTC for approximately $45.6 million, bringing total holdings to 641,205 BTC, according to a company statement.

Polymarket recorded 477,850 monthly active traders in October, marking an all-time high and a 93.7% increase from September's 246,610 users. The platform's monthly volume rebounded to $3.02 billion during the period. Regulated competitor Kalshi exceeded Polymarket with $4.4 billion in total volume for the same month.