Daily Market Wrap | Nov. 19

Canada's Parliament approves budget designating Bank of Canada as stablecoin regulator, requiring 1:1 reserves, instant redemptions, and no interest yields.

Bitcoin options positioning flips bearish, shifting from $140K calls to leading $80K/$90K puts amid a 25% price drop to $91K and year-end caution.

Brazil considers extending IOF tax to international crypto transfers to close loopholes and align with OECD's CARF reporting, while keeping a 17.5% flat tax on capital gains.

Coinbase is developing a prediction markets platform backed by Kalshi, according to a leak from a tech researcher, with plans to expand into economics, sports, and politics.

Robinhood has unveiled a three-phase tokenization plan intended to disrupt traditional finance. Phase 1 involves launching tokenized stocks in Europe. Phase 2 will enable 24/7 trading through Bitstamp. Phase 3 aims to create permissionless stock tokens for DeFi applications.

Hyperliquid has unveiled HIP-3, referred to as "Growth Mode," which slashes fees by 90% in an effort to attract new markets and boost trading volume. This initiative includes zero maker fees and reduced taker fees amidst increasing competition in the DeFi space.