Zcash has dropped below $500 after climbing more than 700% year-to-date from approximately $50 in September. Bitcoin maximalist Max Keiser forecasts the cryptocurrency could fall to $55. Institutional players including Grayscale and the Winklevoss twins continue expanding their positions in the privacy-focused asset despite the recent pullback.

Ethereum is trading at $3,000 with an MVRV ratio of 1.27, reflecting neutral market conditions. The network increased its block gas limit to 60 million from 45 million, while staking inflows rose by 160,000 ETH over the past ten days ahead of the December 3 Fusaka upgrade.

21Shares received SEC clearance for its XRP exchange-traded fund, ticker TOXR, which begins trading Monday. Investment products tracking XRP accumulated $687 million in assets by late November, with net inflows reaching $666 million between November 13 and November 28.

21Shares will launch its U.S. spot XRP exchange-traded fund on December 1, 2025, trading under ticker TOXR on Cboe BZX Exchange, according to an SEC filing dated November 28, 2025. The product becomes the fifth spot XRP ETF in the United States. XRP-focused ETFs have recorded $666.61 million in aggregate inflows, coinciding with a 12% weekly price increase for the token.

Bitcoin mining operations in China have recovered to approximately 14% of the global hashrate by October 2025, positioning the country as the third-largest mining hub behind the United States and Kazakhstan. The resurgence follows a nationwide cryptocurrency mining ban implemented in September 2021, when Chinese miners controlled roughly 65% of global Bitcoin computing power in 2020. CryptoQuant estimates the actual share may range between 15% and 20% of global capacity.

CoinShares has withdrawn all pending spot cryptocurrency ETF applications in the United States, including products tracking XRP, Solana, and Litecoin. The decision follows strong institutional demand, with XRP ETFs attracting over $660 million and Solana ETFs drawing approximately $620 million in net inflows since launch. CEO Jean-Marie Mognetti cited limited differentiation potential and constrained profit margins as the U.S. crypto ETP market consolidates around major institutions.

South Korea's National Police Agency has opened an investigation into unauthorized withdrawals of approximately $36.9 million in Solana network assets from Upbit, the country's largest cryptocurrency exchange. Authorities are examining possible links to North Korea's Lazarus Group, a state-affiliated entity previously connected to multiple cryptocurrency thefts. Upbit has suspended all deposit and withdrawal services and moved remaining assets to cold storage.

CoinShares, which manages $10 billion in assets, has withdrawn SEC registration statements for three planned crypto ETFs covering XRP, Solana and Litecoin. CEO Jean-Marie Mognetti cited intense market saturation, with traditional finance giants now controlling over 90% of crypto ETF inflows. The firm will instead focus on developing thematic crypto baskets and actively managed strategies over the next 12 to 18 months.