CBOE Global Markets will introduce Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET) on December 15, pending regulatory review. The CFTC-regulated contracts feature a 10-year expiration with daily cash adjustments. Trading will operate 23 hours per day, five days per week, offering U.S. traders perpetual-style exposure within a regulated framework.

Strategy moved 38,657 BTC from publicly identified wallets to Coinbase Custody addresses on November 14, 2025. Executive Chairman Michael Saylor dismissed market speculation about liquidation, stating the company continues to accumulate Bitcoin. The transfers totaled approximately $1.2 billion and occurred as Bitcoin fell below $95,000, according to Arkham Intelligence.

Publicly traded companies building digital asset treasuries are increasingly accepting in-kind token deposits instead of purchasing assets on open markets. The approach enables firms to raise capital while establishing valuations for illiquid tokens, but exposes equity investors to heightened volatility from newly launched, untested assets. This strategy diverges from established Bitcoin treasury models, which typically raise funds through conventional financing before acquiring liquid market positions.

XStocks has exceeded $10 billion in cumulative trading volume, positioning Solana among the top five blockchain networks for tokenized real-world assets. The platform has minted over 90% of tokenized equities on Solana, with Tesla and Nvidia shares driving the majority of activity. As of November 2025, XStocks reported 101,000 holders of tokenized equities.

Ethereum addresses aged three to ten years are distributing approximately 45,000 ETH daily, matching the fastest selling pace since 2021. The accelerated distribution began in August and intensified following the October 11 liquidation event. ETH declined to $3,152.17 as open interest contracted to $17 billion amid declining sentiment.

VanEck has filed an 8-A form with the SEC for its VSOL Solana spot ETF, signaling an imminent launch following its October S-1 submission. As of November 2025, four Solana ETFs are active with another 10 pending approval. These products have recorded $369M in total net inflows, including $18.1M in the most recent trading session.

Uniswap's native token UNI rose more than 15% to $6.81, rebounding from $5 lows as traders speculated on potential fee-sharing mechanisms. The rally came after Uniswap recorded $275M in fees during October, its highest monthly total on record. A Polymarket prediction market now assigns a 33% probability to fee switch activation by December 2025, rising to 73% by mid-2026.

Bitcoin options markets show put positions dominating as traders hedge against downside risk. Put options concentrate around the $95,000 strike price, with $5 billion in contracts expiring during weekly settlement. BTC trades near $100,676 with sentiment at extreme fear levels of 24 points, according to Deribit and Glassnode.

Market maker Wintermute warned that new capital has stopped flowing into the cryptocurrency market, with current trading activity driven by reallocation of existing funds rather than fresh inflows. The firm noted that stablecoins, ETFs, and digital asset treasury companies expanded from $180 billion to $560 billion since early 2024, but growth momentum has since slowed. Price rallies are now shorter and produce smaller gains as capital rotates internally among existing participants.