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.

CoinShares has withdrawn all pending spot cryptocurrency ETF applications in the United States, including products tracking XRP, Solana, and Litecoin.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.

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.

Chainlink Reserve purchased 89,000 LINK tokens valued at $1.18 million within 24 hours, bringing total holdings to 973,752 tokens worth $12.9 million. The acquisition occurred amid sustained spot market demand, with LINK trading at $13.40 and posting an 11.3% weekly gain. Over a seven-day period, the Reserve accumulated 170,300 LINK tokens worth $2.2 million.

CoinShares has formally withdrawn its S-1 filing for a Solana staking exchange-traded fund in the United States, ending a process last updated in September. The withdrawal comes as the firm prepares for a merger with Vine Hill Capital ahead of a planned US listing. Solana currently trades at $137.83 with a market capitalization near $77.1 billion, while analysts project potential upside supported by transaction growth and $613 million in spot ETF inflows.