The Bank of England will publish its consultation on stablecoin regulation on November 10, Deputy Governor Sarah Breeden said. The proposals are expected to include holding caps of £20,000 for individuals and £10 million for businesses, with initial rules applying to systemic stablecoins.

Mastercard is collaborating with Ripple and Gemini to trial a blockchain-based credit card settlement system using the RLUSD stablecoin on the XRP Ledger. The pilot connects Gemini's WebBank-issued credit card to on-chain infrastructure, replacing conventional bank clearing processes with stablecoin transfers. This marks a rare instance of a regulated U.S. bank engaging with public blockchain settlement.

Bitcoin has dropped below $104,000 and the 100-hour simple moving average, failing to hold above $105,000. The cryptocurrency declined to $98,900 before attempting a modest recovery. Bears remain active near $104,000, limiting upward momentum as the asset trades below key technical levels.

Dogecoin has formed a death cross as its 50-day moving average crossed below the 200-day moving average, confirming bearish momentum. Bitcoin faces a $500 million sell wall on major exchanges while trading near $100,000. Ethereum has stabilized around the $3,000 support level after a sharp correction.

Tron founder Justin Sun deposited 45,000 ETH worth $154.5 million into the Lido staking protocol on November 5. His total Ethereum holdings now reach $534 million, surpassing his TRX holdings of $519 million. The move came as Ethereum experienced a 12% decline to $3,166 amid broader market volatility.

Elon Musk confirmed the DOGE-1 lunar mission will proceed, with FCC filings indicating a late 2025 launch window. The mission will mark the first space expedition entirely financed by cryptocurrency. Analysts suggest mainstream exposure from the launch could drive Dogecoin toward $1.

Leading U.S. banking trade groups have urged the Office of the Comptroller of the Currency to deny national trust-bank charter applications from four major crypto firms. The Bank Policy Institute and Independent Community Bankers of America argue the charters would grant cryptocurrency platforms federal legitimacy without full banking supervision. Traditional banks contend the arrangement would create regulatory arbitrage and undermine existing oversight standards.

Galaxy Digital cut its Bitcoin year-end 2025 price target from $185,000 to $120,000, according to the firm's head of research Alex Thorn. The revision reflects increased leveraged liquidations and whale distributions exceeding 400,000 BTC. Japan's Metaplanet drew $100 million from its Bitcoin-backed credit facility to expand holdings, while Swiss custody startup Future raised $34.5 million in funding.