News & Research

Jurrien Timmer, director of global macro at U.S. asset manager Fidelity, said he prefers Bitcoin to gold. Timmer added that although both assets are facing selling pressure, Bitcoin’s price is holding up relatively well, and he continues to favor Bitcoin over gold for now.

ARK ETF Trust has filed registration documents with the U.S. SEC as it seeks to launch 14 thematic ETFs tied to areas including AI, robotics, biotech and the tokenization market. Among them, the ARK Tokenized Market Infrastructure ETF would invest in companies providing RWA tokenization and onchain capital-markets infrastructure, including tokenization platforms, stablecoin issuers, exchanges, brokers, custodians and payment networks.

Pan Gongsheng, governor of the People’s Bank of China, said in a financial work report submitted to the Standing Committee of the National People’s Congress on Nov. 3 that China plans to improve its virtual asset regulatory framework by strengthening analysis of underground financial transactions tied to virtual assets and establishing a standing crackdown system for virtual asset mining. Pan also said authorities plan to tighten supervision of real-world asset tokenization.

U.S. spot Ethereum ETFs saw net outflows of $93.19 million on Nov. 6, according to SoSoValue. - BlackRock ETHA: -$90.76 million - BlackRock Staking ETHB: +$1.15 million - Grayscale Mini ETH: -$1.91 million - Fidelity FETH: -$1.67 million

U.S. spot Bitcoin ETFs recorded $411.9 million in net outflows on Nov. 6, according to Farside Investors. - BlackRock IBIT: -$403 million - Fidelity FBTC: +$42.89 million - Bitwise BITB: -$20.5 million - Ark Invest ARKB: -$20.1 million - Grayscale GBTC: -$11.1 million

Bitcoin infrastructure developer Blockstream said Bitcoin could adopt new digital signature technology in the future to address security threats from quantum computers. After comparing the lattice-based cryptographic schemes Dilithium, Falcon and Hawk, Blockstream’s research team identified Falcon-1024 as the leading candidate after weighing signature size, verification speed and security. The team added using hash-based signature technology in the short term would be a more prudent approach, and said combining multiple signature methods could also be considered in the future.

Uniswap said it will support V4 hooks on Elysium, a layer-two network in the Hyperliquid ecosystem. Developers will be able to use the feature to create liquidity pools with dynamic fees and customized trading rules. Elysium’s mainnet is scheduled to launch on Nov. 9.

Binance France said it will close customer accounts starting Dec. 31, 2026, as it exits the local market. Deposits into all accounts have already been suspended. Binance had been phasing out local services after failing to secure a license related to the European Union’s Markets in Crypto-Assets regulation, or MiCA. It also plans to charge a monthly maintenance fee from Nov. 29 equal to the greater of 0.025% of an account balance or 10 USDC. Accounts that withdraw all held crypto before Nov. 29 will be exempt from the fee.

Fidelity deposited 10,000 ETH, worth about $22.32 million, with Galaxy Digital, Onchain Lens reported. The move is seen as likely tied to selling. Fidelity’s total deposits to Galaxy Digital today amounted to 27,000 ETH, worth about $60.27 million.

The three major U.S. stock indices closed mixed today. - S&P 500: +0.32% - Nasdaq: +1.06% - Dow Jones: -0.46%