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CoinShares, which manages $10 billion in assets, has withdrawn SEC registration statements for three planned crypto ETFs covering XRP, Solana and Litecoin.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.

Bitcoin rose sharply to the $92,300–$92,500 range following aggressive buy-side activity totaling approximately $1 billion. Buy-side slippage of 163 BTC marked the largest buy-pressure event in several days, pushing spot prices from $91,740 to $92,315 almost instantly, according to CryptoQuant analyst Maartunn. The move bypassed typical gradual price progression as market orders consumed liquidity rapidly.

Derivatives trading on lower-cap cryptocurrencies has reached levels that significantly outpace underlying valuations, creating conditions for potential cascading liquidations. Data from research firm Alpharactal shows open interest ratios climbing to dangerous thresholds, with several tokens now carrying futures exposure larger than their entire market capitalization. When open interest grows while market cap remains constrained, the price discovery mechanism shifts from organic demand to leveraged speculation.

Solana is testing resistance at $142 within a pennant formation after consolidating in recent sessions. Institutional interest has returned, with ETF inflows accelerating following the November 22 bounce from pennant support. Open Interest climbed 10% to $3.0 billion, while trading volume expanded by $7 billion over 24 hours to $48 billion, data show.

Weakening US employment indicators are reshaping expectations for economic growth, interest rate trajectories and market liquidity. These shifts are introducing fresh macro headwinds for Bitcoin and the broader digital asset sector. Traders are recalibrating risk exposure amid mixed labor signals as the unemployment rate climbs to multi-year highs and monthly payroll additions moderate from post-pandemic peaks.

Japan's Financial Services Agency is reviewing a legal amendment to reclassify cryptocurrencies from payment tools to financial products as crypto accounts reached 13 million. The FSA working group convened its sixth session on November 26 to address consumer complaints averaging 350 monthly and rising fraud schemes. The proposed shift would transfer crypto oversight from the Payment Services Act to the Financial Instruments and Exchange Act, introducing stricter disclosure requirements and insider trading protections.

UK regulatory authorities will require cryptocurrency platforms to report all user transactions beginning in 2026. His Majesty's Revenue and Customs will gain automatic access to domestic and international crypto transaction data for the first time, ahead of the 2027 global information exchange under the Cryptoasset Reporting Framework.