K33 Research maintains that bitcoin's current correction reflects exaggerated long-term concerns rather than immediate fundamental risks. The firm's Head of Research Vetle Lunde cited upcoming U.S. policy developments—including 401(k) crypto access by February 2026 and anticipated passage of the Clarity Act—as structural catalysts that could bolster bitcoin's medium-term trajectory. Bitcoin is experiencing its deepest drawdown since the 2022–23 period.

Binance elevated co-founder Yi He to co-CEO on December 11, establishing a dual leadership structure with Richard Teng. The appointment, announced at Binance Blockchain Week in Dubai, marks the exchange's most significant executive restructuring since Teng assumed the CEO role in November 2023. Yi He previously served as Chief Customer Service Officer and has been with Binance for over eight years since its 2017 founding.

Grayscale Research projects bitcoin will reach new record prices in 2026, rejecting the traditional four-year cycle theory. Vanguard reversed its stance on digital assets, enabling clients to trade ETFs holding BTC, ETH, XRP, and SOL starting Tuesday. Bank of America will permit portfolio allocations of 1% to 4% in crypto assets.

Bitcoin dropped below $86,000, erasing approximately $240 billion from the cryptocurrency market. Data show large holders have reduced their accumulation rate while smaller retail wallets increased purchasing activity. Strategy acquired an additional 130 BTC for around $11.7 million, bringing total holdings to 650,000 BTC.

The Commodity Futures Trading Commission authorized Polymarket to resume U.S. operations as a regulated intermediated exchange through an Amended Order of Designation. Spot XRP exchange-traded funds launched by Grayscale and Franklin Templeton attracted combined net inflows exceeding $130 million on Monday. Swedish fintech firm Klarna announced plans to introduce a USD-backed stablecoin on the Tempo blockchain by 2026.

Tokyo-listed Metaplanet has drawn an additional $130 million from its bitcoin-backed credit facility to fund further BTC acquisitions and income-generation activities. The loan was executed on November 21 under the company's existing $500 million facility, bringing total borrowings to $230 million. Metaplanet holds 30,823 BTC, valued at approximately $2.7 billion, which the company says provides substantial collateral coverage.

Grayscale's GXRP and Franklin Templeton's XRPZ each attracted more than $60 million in net inflows during their debut trading session on NYSE Arca. The combined spot XRP ETF category registered $164.1 million in net inflows, outperforming Bitcoin, Ethereum, and Solana ETF flows for the day. GXRP recorded $67.4 million while XRPZ brought in $62.6 million, according to SoSoValue data.

Bitcoin dropped to approximately $80,500 on Friday before recovering toward $84,000, following stronger-than-expected U.S. employment data that showed 119,000 new jobs in September. The sell-off triggered over $2 billion in liquidations of leveraged positions within 24 hours, affecting roughly 400,000 traders. JPMorgan analysts cited approximately $4 billion in withdrawals from spot Bitcoin and Ethereum ETFs since early November as a primary driver of the correction.

The Department of Homeland Security has launched Operation Red Sunset to investigate whether Bitmain's bitcoin mining equipment could enable espionage or sabotage of the U.S. power grid. The probe examined chips and firmware in detained devices at U.S. ports, according to Bloomberg. Bitmain denied the allegations and stated it has no knowledge of the investigation.