Ethereum futures open interest increased by $653 million following a sharp decline that pushed ETH to approximately $2,800. The asset dropped 8% over 24 hours, with trading volume reaching $23.8 billion during the period. Technical indicators suggest the asset may be entering oversold territory as it tests critical support levels.

South Korea's ruling Democratic Party has set a December 10 deadline for the Financial Services Commission to submit a comprehensive stablecoin regulatory framework. Lawmaker Kang Jun-hyeon, secretary of the National Assembly's Financial Services Committee, said the party plans to advance legislation through January if the deadline is met. The initiative aligns with President Lee Jae Myung's policy priority to develop a Korean won-stablecoin market.

U.S. prediction market platform Kalshi announced plans to tokenize thousands of event contracts on Solana, aiming to attract crypto-native traders and deepen liquidity. The move intensifies competition with Polymarket as both platforms recorded record volumes in November, with Kalshi reaching $5.8 billion and Polymarket surpassing $3.7 billion.

Ethereum's open interest rose more than 4% after a sharp price decline pushed ETH to the low $2,800 range. The cryptocurrency saw liquidations totaling $158 million, including $140 million from long positions, yet derivatives traders opened fresh positions worth approximately $654 million.

The Federal Deposit Insurance Corporation will release a proposed regulatory framework for implementing the GENIUS Act later this month, Acting Chair Travis Hill said. The agency will supervise subsidiaries of FDIC-regulated banks that issue stablecoins. A second proposal covering prudential requirements for payment stablecoin issuers is expected early next year.

Five XRP spot exchange-traded funds began their first complete trading week together on November 30, 2025, after 21Shares launched its TOXR fund. The funds have recorded combined inflows surpassing $660 million in under 30 days, with no outflows across 10 consecutive sessions. Analysts are monitoring whether liquidity dynamics will shift as the products compete for available supply.

The XRP Ledger processed over 1.05 million payments between unique wallets on Saturday, a 200,000 increase from Wednesday, data show. The 15% overnight surge in network activity contrasted with XRP's 6.7% decline to $2.04 over 24 hours. Trading volumes nearly doubled to $4 billion, indicating heightened selling pressure despite rising on-chain usage.

XRP declined more than 6% to approximately $2.02 on December 1 amid heavy selling by large wallet holders. On-chain data show wallets controlling between 1 million and infinity tokens reduced holdings sharply, reversing months of accumulation. The distribution trend, visible since September, accelerated through the final week of November.