Franklin Templeton has appointed Coinbase Custody as custodian for its proposed spot XRP exchange-traded fund, according to a prospectus filed with the U.S. Securities and Exchange Commission. The asset manager, which oversees approximately $1.6 trillion, said the product is scheduled to begin trading on November 18, pending regulatory approval. The fund would trade on Cboe BZX Exchange and use the CME CF XRP-Dollar Reference Rate for net asset value calculations.

Shiba Inu removed over 18 million tokens from circulation in 24 hours, with 831 million burned over the past week, data show. Japanese regulators placed SHIB on the country's Green List, granting expedited approval for domestic exchange listings. The token rebounded from $0.00000883 support as exchange reserves declined 1.42%.

Bitcoin and Ethereum saw combined liquidations surpass $70 million on November 17. Ethereum briefly dropped below $3,000 while Bitcoin tested support near $92,000, triggering forced closures across leveraged positions, according to Coinalyze data.

Bitcoin mining facilities that adjust operations based on grid demand are increasingly valued as a grid service in power markets. High renewable energy regions face elevated curtailment levels, while brief scarcity periods create value for rapid demand reduction. This dynamic enables mining operations to absorb excess midday power and scale back during peak demand hours.

Ethereum founder Vitalik Buterin unveiled Kohaku, an open-source privacy framework for the Ethereum network, at Devcon on November 16. Developed by the Ethereum Foundation and ecosystem partners, the modular architecture enables developers to build privacy-focused wallets without relying on centralized intermediaries. The framework integrates protocols including Railgun and Privacy Pools to obscure transaction details while maintaining compliance mechanisms.

Ethereum has dropped below $3,000, trading near $2,966 and posting a weekly loss of approximately 17%. The Relative Strength Index has fallen to around 30, indicating oversold conditions, while the MACD continues to show bearish momentum. Analysts remain divided on whether the current decline represents a deeper correction or a potential accumulation phase ahead of a recovery.

Digital asset markets lost $1.1 trillion between October 6 and November 17, with Bitcoin declining 25% from above $126,000 to around $93,000, data show. Analyst Shanaka Anslem Perera described the event as a structural reset driven by over-leveraged positions rather than a typical cycle correction. The contraction represents one of the sector's most severe drawdowns on record.

A wallet tagged as BlackRock's ETHA Ethereum fund transferred over $176 million in Ether to Coinbase Prime through five 10,000 ETH transactions, according to on-chain data. Separately, a wallet associated with BitMEX co-founder Arthur Hayes sent tokens including LDO, ENA, UNI, and AAVE to market maker Wintermute and multiple exchange addresses. ETH market dominance has stabilized near 12% after recovering from the 7–8% support zone.