This week saw a significant confluence of regulatory shifts and political developments shaping the global cryptocurrency landscape. As the U.S. Senate moved towards a resolution to end a prolonged shutdown and key economies advanced their digital asset infrastructure, markets are bracing for potential volatility and new opportunities. Here’s a comprehensive overview of the week's key events.
U.S. Senate Reaches Breakthrough Deal to End Shutdown, Offering a Potential Boost to Crypto Markets
The U.S. Senate has secured bipartisan support for an essential funding package, poised to end a 40-day government shutdown, one of the longest in American history. According to Politico, the bill has surpassed the 60-vote threshold for advancement, reflecting a notable cross-party collaboration led by Senate Republican Majority Leader John Thune. With the House of Representatives having already passed its version, markets are now awaiting the final vote to officially resume government operations.
🚨 UPDATE: the U.S. Senate is about to take a KEY procedural vote to END the Schumer Shutdown.
— Markwayne Mullin (@SenMullin) November 10, 2025
10 Senate Dems have said they’re voting with us. WH is on board.
Here’s a timeline breakdown of what happens next.
Should be a matter of time.👇 pic.twitter.com/ImAc3LNt79
The extended shutdown has contributed to market uncertainty, which analysts believe has played a role in the 17% drop in Bitcoin's price since early October. A political resolution is expected to help restore market confidence. Prediction platforms like Polymarket and Kalshi now indicate over a 50% probability that the government will reopen by Friday. This rising optimism occurs against a backdrop of broader economic turbulence, including new U.S. tariffs on China and proposed tariff-funded payouts to Americans, factors that could further influence crypto sentiment.
Other News Making Waves
- •Ethereum’s “Trustless Manifesto” reaffirms the importance of decentralization, warning that convenience-driven shortcuts and hosted nodes threaten Ethereum’s trustless foundations.
- •Canary Capital filed for the first Mog Coin ETF, triggering a sharp price surge as the meme token’s market cap briefly hit $169.5 million.
- •BitFuFu doubled its Q3 revenue to $180.7 million as cloud mining demand soared, with cloud revenue reaching $122 million and equipment sales at $35 million.
- •SoFi Technologies launched crypto trading after receiving federal clearance, becoming the first nationally chartered U.S. bank to do so.
- •Over 60% of institutional investors plan to increase crypto allocations despite recent downturns, according to a Sygnum Bank report. Rising interest in staking-enabled ETFs could drive the next phase of institutional adoption.
- •Square has launched Bitcoin payments for in-person sellers across eight markets, offering flexible settlement options and zero fees until 2027.
- •Standard Chartered anchors its blockchain strategy in Hong Kong, leveraging the HKMA’s fintech sandboxes to pilot tokenized deposits, stablecoins, and CBDCs.
- •HTX report links the U.S. government shutdown to tighter crypto liquidity, with institutional investors rotating toward stable assets and AI-integrated projects.
Around the World: Bold Moves and Regulations
- •Singapore’s MAS signalled a crackdown on unregulated stablecoins, citing frequent depegging issues and announcing a tighter framework focused on reserve backing and redemption guarantees.
- •Japan Exchange Group is considering tighter rules for companies hoarding crypto after sharp stock declines exposed retail investors to losses, including Strategy Inc., whose shares halved. With 14 Bitcoin-holding public firms, Japan is tightening scrutiny while balancing innovation and investor protection.
- •BoE Deputy Governor Sarah Breeden cautioned that weaker stablecoin rules could spark financial instability, defending the UK’s 40% reserve requirement and deposit caps.
- •The UAE executed its first CBDC transaction through the mBridge platform, marking a milestone in its digital finance transformation. The Digital Dirham pilot tested technical readiness, with a full rollout set to begin in phases from Q4 2025.
- •The US Senate Agriculture Committee unveiled a draft bill clarifying whether the CFTC or SEC should oversee crypto markets. Backed by Senators Boozman and Booker, the proposal seeks stronger consumer protections and clearer agency jurisdiction.
- •Bank of England proposes strict stablecoin rules, requiring issuers to back 40% of liabilities with central bank deposits and the rest in UK government debt, with individual holdings capped at £20,000.
- •South Korea’s top banks join forces with tech giants like Naver, Kakao, and Samsung to develop KRW-pegged stablecoin infrastructure, as local transactions surpass $41 billion despite limited regulation.
- •Hong Kong issues third round of multi-currency digital bonds using blockchain and DLT platforms from HSBC and Goldman Sachs, aiming to cement its status as Asia’s digital asset hub.
- •Japan’s FSA proposes mandatory registration for crypto system providers, limiting exchange usage to approved custody platforms to enhance investor protection.
Market Trends: Winners and Losers
Top 5 Gainers 📈
According to data from CoinGecko, these are the five biggest gainers of the week:
- •Audiera +258.46%, from $0.129451 to $0.464036
- •Resolv +88.41%, from $0.083003 to $0.156388
- •Pre-SP +96.45%, from $0.04171380 to $0.081946
- •Swarm Network +55.08%, from $0.02022789 to $0.03136997
- •Amiko +83.77%, from $0.02452597 to $0.04505791
Top 5 Losers 📉
According to data from CoinGecko, the five biggest losers of the week are:
- •DeAgentAI -83.56%, from $9.67 to $1.59
- •Saros -50.33%, from $0.069416 to $0.03447838
- •Bless -46.98%, from $0.04475486 to $0.02373072
- •SEDA -44.70%, from $0.148921 to $0.082358
- •Sapien -33.13%, from $0.265106 to $0.177278
Project Spotlight
Mastercard and Thunes Partner to Enable Real-Time Stablecoin Payouts
Mastercard has collaborated with Thunes to enhance its Mastercard Move service by integrating 24/7 instant payouts to stablecoin wallets. This integration empowers banks and payment partners to offer faster and more adaptable cross-border payments, complementing existing options such as cards, bank accounts, and cash transfers via the Thunes Direct Global Network.
Why It Matters: This partnership introduces regulated stablecoin transfers into mainstream payments, fostering greater financial inclusion, reducing reliance on traditional banking infrastructure, and accelerating the adoption of digital currencies in real-world transactions.