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Bitcoin, Ethereum and XRP Jump as End to US Government Shutdown Appears Imminent

Bitcoin jumped past $106,000 for the first time in nearly a week amid multiple reports that the U.S. Senate had reached an agreement to end the 40-day government shutdown, the longest in U.S. history. 

The largest cryptocurrency by market value was recently up more than 4%, according to data provider CoinGecko. Other major digital assets also moved strongly into positive territory with Ethereum, the second-largest cryptocurrency by market capitalization recently trading above $3,600, a more than 7% gain and XRP and Solana, the fourth- and sixth-largest coins, both climbing about 6%. 

The government impasse seemed to weigh increasingly as it extended more than a month, with Bitcoin tumbling below $100,000 on several occasions for the first time since early August. BTC remains more than 15% off its record high above $126,000, set in early October. Ethereum has lost even more ground over the same period as investors veered away from risk-on assets.

Bitwise Dogecoin ETF May Debut in November After SEC Filing

Investors may be able to purchase shares in a Bitwise exchange-traded fund tracking the popular Dogecoin meme coin before the end of November, based on a regulatory filing from the crypto fund issuer. 

Bitwise removed a "delaying amendment" from its S-1 registration statement for the Bitwise Dogecoin ETF, according to the Thursday submission to the U.S. Securities and Exchange Commission

If the SEC doesn't object to the filing in 20 days, the registration automatically becomes effective and the ETF can debut.

Buying Billions in Bitcoin Couldn't Save Trump Media From Another Quarterly Loss

Trump Media & Technology Group posted a $54.8 million loss in Q3 2025, pushing DJT stock to its lowest price in over a year.

Returns from Bitcoin and interest holdings totaled $28.7 million, but were outweighed by asset depreciation and legal costs.

The company plans to expand into prediction markets with Crypto.com, after investing $2 billion in Bitcoin earlier this year.

Mistrial Declared for MIT-Educated Brothers Accused of $25 Million Cryptocurrency Heist

A federal judge on Friday declared a mistrial in the case of two Massachusetts Institute of Technology-educated brothers charged with carrying out a novel scheme to steal $25 million worth of cryptocurrency in 12 seconds that prosecutors said exploited the Ethereum blockchain's integrity.

U.S. District Judge Jessica Clarke in Manhattan sent jurors home after they were unable to reach agreement on whether to convict or acquit Anton Peraire-Bueno and James Peraire-Bueno of charges that they carried out a first-of-its-kind wire fraud and money laundering scheme.

The mistrial was confirmed by William Fick, a lawyer for Anton Peraire-Bueno at Fick & Marx. A spokesperson for Manhattan U.S. Attorney Jay Clayton did not respond to a request for comment.

Ledger Considering New York IPO or Fundraise as Demand for Hardware Wallets Climbs: FT

Hardware wallet manufacturer Ledger is preparing to raise additional capital, likely next year, as surging demand for crypto security devices propels the company to its strongest financial performance on record, according to a recent Financial Times report. 

Ledger CEO Pascal Gauthier told the FT the Paris-based company is considering either a listing in New York or a private funding round, and is actively expanding its presence in the city.

"Me spending more time in New York is with the understanding that money is in New York today for crypto, it's nowhere else in the world, it's certainly not in Europe," Gauthier told the British publication.

Bitcoin & Ethereum Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Friday was $558.44 million. The total net asset value of Bitcoin spot ETFs is $138.08 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.67%.

The Bitcoin spot ETF with the highest net outflow on November 7 was Fidelity Wise Origin Bitcoin Fund (FBTC), with a net outflow of $256.66 million, according to SoSoValue.

Source: SoSoValue

The overall net outflow of the US Ethereum spot ETF on Friday was $46.62 million. The total net asset value of Ethereum spot ETFs is $22.66 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 5.42%.

The Ethereum spot ETF with the highest net inflow on November 7 was iShares Ethereum Trust ETF (ETHA), with a net inflow of 34.43 million, according to SoSoValue.

Source: SoSoValue