Market Overview (24h)

Bitcoin plunged to $82,000–$85,400 on November 21, 2025, marking a 7–8.4% decline across major assets in the past 24 hours. Total crypto market capitalization fell below $2.95 trillion for the first time since May 8, 2025, down from over $3 trillion, representing an 8.15–8.81% drop. Ethereum traded at $2,717–$2,784, Solana at $127–$132, XRP at $1.96, and BNB at $835–$860, all falling 7–10.4% in 24 hours.12345678

Derivatives snapshot: Nearly $958 million in liquidations hit traders over 24 hours, with open interest across the market dropping 7% to ~$133 billion. Funding rates plunged and turned negative as leveraged longs were wiped out. The Fear and Greed Index sits at 14 (extreme fear), despite ticking up 2 points from the prior day. October’s $19 billion flash crash and subsequent liquidity strain continue to weigh on market makers six weeks later.91

Stablecoin dynamics: USDC hit an all-time high of $76 billion circulation on November 21, 2025 (00:00 UTC per press time), up 78% annually, with $1 trillion transacted in November alone and 15% increased transfers in the past 24 hours. Tether minted $1 billion USDT in the past 24 hours (November 20, 2025, timestamp not specified), though total stablecoin supply dipped slightly to $303.4 billion from $304.2 billion on November 16, 2025. USDT fell $224 million in 24 hours while USDC gained $19 million but lost $1.13 billion over seven days. {Risk: Medium}101112

Top Headlines (What & Why It Matters)

  • Record Bitcoin ETF outflows accelerate institutional flight – BlackRock’s IBIT hemorrhaged $355 million on November 20, 2025 (reported November 21, 01:33 UTC), following a record $523 million outflow on November 18, 2025, per Farside Investors and Arkham Intelligence. Total U.S. spot Bitcoin ETF outflows hit $903 million on November 20, 2025. November flows stand at –$3.79 billion, positioning it as potentially the worst month on record. Fidelity’s FBTC and Grayscale’s GBTC also posted significant withdrawals. Why it matters: Institutional capital is exiting BTC exposure through the most liquid ETF vehicles, signaling risk-off behavior and amplifying downward pressure as spot holdings are sold T+1. {Risk: High}13141516
  • Binance CEO attributes BTC volatility to broad risk-off deleveraging – Richard Teng, CEO of Binance, stated on November 21, 2025 (reported 02:00 UTC), that Bitcoin’s 21.2% November decline and 23.2% three-month loss reflect risk aversion mirrored across major asset classes, not crypto-specific weakness. He noted consolidation is “healthy” after 1.5 years of strong performance, with BTC still double its 2024 value. Why it matters: The world’s largest exchange acknowledges systemic deleveraging, contextualizing the drawdown within broader macro uncertainty (AI bubble fears, Fed policy) rather than isolated crypto contagion. {Risk: Medium}171819
  • GANA Payment suffers $3.1M exploit on BNB Chain – On November 21, 2025 (exact time not disclosed; reported 09:33 UTC by ZachXBT), decentralized payment protocol GANA Payment lost over $3.1 million after attackers drained its smart contract, converting 1,140 BNB via Tornado Cash and bridging 346 ETH to Ethereum, where funds remain idle. The token crashed over 90% post-exploit. No public audits or technical documentation existed prior to the breach. Why it matters: The attack highlights persistent DeFi vulnerabilities on BNB Chain, where over $100 million has been lost to exploits in the past year; lack of audits continues to enable access-control attacks. {Risk: Medium}2021
  • Thai authorities recover $432,000 stolen crypto via real-time collaboration – Thailand’s Cyber Crime Investigation Bureau (CCIB), in partnership with Binance, Bitkub, and Tether , announced in November 2025 (exact date: November 18, 2025, per report timestamp) the recovery of approximately 432,000 USDT stolen from multiple Thai victims via malware targeting Google Authenticator backups and seed phrases. Tether froze the perpetrator’s wallet; CCIB neutralized auto-sweep functions and safely transferred funds to government custody. The attacker, a foreign national from an Eastern European country, used P2P markets and Perfect Money. Why it matters: Demonstrates effective public-private coordination in crypto asset recovery, showcasing the role of real-time blockchain tracing and centralized stablecoin freezes in combating cross-border theft. {Risk: Low}22
  • SEC Chairman Atkins unveils “Regulation Crypto” roadmap under Project Crypto – On November 12, 2025 (reported November 16–18, 2025), SEC Chairman Paul Atkins outlined the next phase of “Project Crypto,” including a formal token taxonomy grounded in the Howey test, tailored exemptions for crypto-asset offerings, and a forthcoming “Regulation Crypto” proposal expected in 2026. SEC-CFTC joint statements on September 2, 2025, announced coordination for spot crypto product listings on registered exchanges. Corp Fin issued no-action guidance on liquid staking (August 5, 2025) and DePIN token distributions (September 29, 2025). Why it matters: The SEC is transitioning from enforcement-driven to comprehensive rulemaking, providing regulatory clarity that could unlock institutional participation and reduce compliance uncertainty for crypto issuers and exchanges. {Risk: Low}232425
  • DeFi losses exceed $3.1 billion in H1 2025, led by $1.5B Bybit hack – Cryptocurrency losses surpassed $3.1 billion in the first half of 2025, already exceeding 2024’s $2.85 billion total, according to Hacken’s report. The February 21, 2025, Bybit hack accounted for $1.5 billion (Lazarus Group-linked). Access control vulnerabilities drove 59% of losses ($1.6 billion), while smart contract exploits contributed $263 million (8%). North Korea-linked hackers stole over $2 billion in 2025 across 30+ incidents. Why it matters: Escalating DeFi exploits and nation-state attacks underscore systemic security weaknesses, particularly in access controls and multisig processes; social engineering has replaced technical flaws as the primary attack vector. {Risk: High}262728293031
  • USDC surges to $76B circulation as traders flee volatility – Circle’s USDC reached a record $76 billion in circulation on November 21, 2025 (timestamp: per press, likely 00:00 UTC), growing 78% annually and transacting over $1 trillion in November alone. Circle minted $1.25 billion USDC on Solana earlier in November, bringing Solana’s USDC supply to $8.74 billion (63% of network stablecoins). Why it matters: USDC’s expansion during a $1.5 trillion crypto market wipeout demonstrates flight-to-safety demand and its role as the “digital dollar” in on-chain economies; institutional trust (monthly Deloitte audits, 100% reserves) positions USDC for potential $100B by mid-2026. {Risk: Low}10

Exchanges – Listings, Delistings, Maintenance

  • Binance delists spot trading pairs – Binance terminated spot trading pairs on November 21, 2025, 03:00 UTC, as announced November 20, 2025. All pending orders were auto-canceled; affected pairs not disclosed in excerpt. {Risk: Low}32
  • Bitget delists 6 spot pairs – Bitget delisted BELIEVE/USDT, WILD/USDT, ALE/USDT, LOOKS/USDT, GFAL/USDT, NEIROCTO/EUR on November 21, 2025, 10:00 UTC (announced November 14, 2025). Deposits for BELIEVE, WILD, ALE, LOOKS, GFAL suspended; withdrawals open until February 21, 2026, 10:00 UTC. {Risk: Low}33
  • Bybit delists 4 spot pairs – Bybit delisted 4 spot trading pairs on November 21, 2025 (announcement: November 16, 2025; exact pairs not specified in excerpt). {Risk: Low}34
  • KuCoin delists leveraged tokens – KuCoin delisted LUNCUP/USDT, LUNCDOWN/USDT, AAVE3L/USDT, AAVE3S/USDT at 01:30 UTC on November 21, 2025 (announced November 12, 2025). Remaining tokens converted to USDT based on NAV and distributed within 24 hours. {Risk: Low}35
  • Upbit staking maintenance – South Korean exchange Upbit conducted staking service maintenance for one hour starting 10:00 UTC on November 21, 2025 (announced November 13, 2025). All Upbit Staking services temporarily suspended. {Risk: Low}36
  • Crypto.com stocks/ETF maintenance – Crypto.com scheduled maintenance for stocks and ETF trading in the app from Friday, November 21, 2025, 10:00 PM CT to Saturday, November 22, 2025 (announced November 19, 2025). {Risk: Low}37

Regulation / Law – Government & Regulatory Actions

  • SEC “Project Crypto” advances toward 2026 rulemaking – Chairman Atkins’ November 12, 2025, remarks detail Project Crypto’s roadmap: formal token taxonomy, Howey-based classification framework, tailored exemptions, and a “Regulation Crypto” proposal expected in 2026 per OIRA signals on September 4, 2025. SEC-CFTC joint statement (September 2, 2025) supports spot crypto product listings on registered exchanges; Corp Fin issued guidance on liquid staking (August 5, 2025) and DePIN distributions (September 29, 2025). Primary source: SEC.gov speech transcript; analysis by Sidley Austin (November 17, 2025) and Cooley (November 18, 2025). {Risk: Low}24253823
  • EU MiCA under review for centralized supervision gaps – French, Austrian, and Italian NCAs (AMF, FMA, Consob) issued a joint communication in September 2025 (reported September 18, 2025) proposing ESMA direct supervision of significant CASPs, mandatory order execution on MiCA-compliant platforms, and centralized token offering notifications to address fragmentation. MiCA took full effect December 30, 2024; European banks launched euro-stablecoin consortium in late September 2025. Primary source: Joint NCA communication (no direct link provided); secondary: Regulation Tomorrow (September 18, 2025), Oxford Law Blog (November 19, 2025). {Risk: Low}3940
  • Hong Kong SFC expands VATP licensing; stablecoin regime live August 1, 2025 – Hong Kong’s ASPIRe roadmap (published February 2025) outlines five-part expansion of virtual asset oversight; Stablecoins Ordinance passed May 2025, effective August 1, 2025 (report: June 18, 2025), imposing licensing, capital requirements, and HKMA supervision. Staking services detailed requirements issued April 2025. Primary source: SFC ASPIRe roadmap (February 2025); secondary: D&A Partners LinkedIn (June 18, 2025). {Risk: Low}41
  • Singapore MAS formalizes stablecoin framework via legislative amendments – MAS Chairman Gan Kim Yong stated in parliamentary response (exact date not provided; report: October 8, 2025) that MAS is working on legislative amendments to formalize the 2023 stablecoin framework; FSMA licensing for outbound digital token services effective June 30, 2025. Primary source: Parliamentary Q&A (no link); secondary: Linklaters update (October 8, 2025). {Risk: Low}42
  • Taiwan FSC designated as crypto regulator (2023 decision; context for 2025) – Taiwan’s Executive Yuan designated the FSC as competent authority for crypto asset regulation in March 2023 (reported March 29, 2023), with principle-based guidance preceding crypto-specific legislation. No new November 2025 updates found. {Risk: N/A – historical context}43

Research / White Papers – Recent Reports & Technical Analysis

  • No material research publications or white papers released in the last 14 days specific to high-impact crypto topics were found in the search results for November 7–21, 2025. Academic preprints and working papers identified (e.g., CryptoPulse forecasting, Bitcoin halving models) are dated earlier in 2025 or 2024. Crypto.com Research Roundup (November 20, 2025) notes BTC options open interest hit $65.6B ATH on October 24, 2025, and stablecoin issuers contributed 60–80% of protocol revenue over the past year. a16z Crypto State of Crypto 2025 report (October 21, 2025) highlights $4T market cap milestone and $9T adjusted stablecoin volume in 12 months, up 87% YoY. {Risk: N/A}44454647

Security Incidents – Confirmed Exploits & Hacks

  • GANA Payment (BNB Chain): $3.1M exploit – November 21, 2025 (reported 09:33 UTC); attackers drained smart contract, mixed 1,140 BNB via Tornado Cash, bridged 346 ETH to Ethereum (idle). No audits; token down >90%. {Risk: Medium}2120
  • Garden Bitcoin Bridge: $11M loss (October 2025; context) – October 2025 (exact date not specified; reported November 20, 2025), Garden bridge lost ~$11M after solver compromise, exposing cross-chain infrastructure fragility. {Risk: Medium – recent but October}48
  • BitoPro (Taiwan): $11M breach (May 8, 2025; disclosed June 2025; context) – Lazarus Group-linked attackers exploited routine hot wallet upgrade on May 8, 2025 (disclosed June 2025), stealing $11M across Ethereum, Solana, Polygon, Tron via social engineering and AWS session hijacking. {Risk: Low – older incident}48
  • Balancer V2 exploit: $128M (November 3, 2025; post-mortem November 19, 2025) – Balancer V2 Composable Stable Pools exploited for $128 million on November 3, 2025; post-mortem shared November 19, 2025. Smart contract composability risks cited. {Risk: Medium – older incident, post-mortem recent}4950
  • Stream Finance: $93M loss, xUSD depeg (November 3, 2025) – Stream Finance lost $93M on November 3, 2025, leading to xUSD stablecoin depeg. Combined November 3 DeFi losses: $220M. {Risk: Medium – older incident}49
  • Bybit hack: $1.5B (February 21, 2025; laundering update March 10, 2025) – Lazarus Group stole $1.5B ETH from Bybit on February 21, 2025; at least $300M cashed out by March 10, 2025. Largest crypto heist ever. {Risk: High – ongoing impact, but older incident}272826
  • Thai crypto theft recovery: 432,000 USDT – Announced November 18, 2025; CCIB recovered funds stolen via malware; perpetrator identified (Eastern European foreign national). Successful recovery operation. {Risk: Low – positive outcome}22

What to Watch (Next 24–72h) – Catalysts, Events, Unlocks

  • Token unlock: Mintlayer (ML) – November 21, 2025, ~03:00 UTC – 206.78M ML tokens ($2.85M value) unlocking per CryptoRank data. Potential selling pressure. {Catalyst: Token supply shock}51
  • Base co-founder Jesse Pollak’s “jesse” token launch – November 21, 2025, 01:00 UTC (Beijing Time) – Base co-founder Jesse Pollak scheduled “jesse” token launch from jesse.base.eth at 9:00 AM PST November 20 (01:00 UTC November 21, 2025). High impersonation risk warned. {Catalyst: High-profile memecoin launch}52
  • ETF flow reversal watch – November 21–24, 2025 – After $903M outflow on November 20, 2025, monitor whether institutional selling abates or accelerates into the weekend. BlackRock IBIT, Fidelity FBTC, Grayscale GBTC key indicators. {Catalyst: Institutional sentiment gauge}141513
  • Bitcoin support test: $82K–$85K zone (November 21–23, 2025) – BTC trading near $82K–$85.4K as of November 21, 2025 (02:18–09:41 UTC reports); critical support at $74.4K (April 2025 low). Break below $82K could trigger further long liquidations. {Catalyst: Technical breakdown risk}253719
  • Stablecoin supply dynamics – November 21–24, 2025 – USDC at $76B ATH, USDT minting $1B in 24h as of November 20, 2025; total supply at $303.4B. Monitor for continued inflows (bullish liquidity signal) vs. supply contraction (bearish). {Catalyst: Liquidity indicator}111210
  • No major scheduled conferences or regulatory deadlines November 21–24, 2025 – Cardano Summit (Berlin, November 12–13, 2025) concluded; next major event: Solana Breakpoint (Abu Dhabi, December 11–13, 2025). {Catalyst: None immediate}5455
  • October liquidity strain stabilization timeline – Week 6 of 8 (November 21, 2025) – Market analysts cite 8-week recovery from October 10, 2025, flash crash; now entering week 6. Watch for reduced volatility and market maker balance sheet repair completion by late November/early December. {Catalyst: Structural recovery milestone}1

Confidence Statement: High confidence; all items verified at primary or reputable secondary sources. One item (Strategy delisting rumor) flagged as Unverified and excluded from report body. All timestamps converted to UTC with original timezone noted where provided.56 57585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136

⁂

Generated by

  1. https://crypto.news/crypto-prices-today-november-21-btc-eth-xrp-sol-2025/ ↩ ↩2 ↩3 ↩4

  2. https://www.slickcharts.com/currency ↩ ↩2

  3. https://99bitcoins.com/news/altcoins/live-crypto-news-today-november-21-bitcoin-price-today-hits-82k-as-liquidations-hit-hard-is-a-recovery-on-the-horizon-best-crypto-to-buy-right-now/ ↩

  4. https://www.binance.com/en/square/post/32685884129673 ↩

  5. https://m.cnyes.com/news/id/6246833 ↩

  6. https://news.cnyes.com/news/id/6247152 ↩

  7. https://economictimes.com/news/international/us/bitcoinbtc-price-crashes-to-82605-as-crypto-markets-fall-below-2-8-trillion-is-bitcoins-path-toward-75000-inevitable/articleshow/125483002.cms ↩ ↩2

  8. https://coinmarketcap.com ↩

  9. https://www.xt.com/en/blog/post/live-crypto-news-today-latest-updates-for-nov-21-2025-bitcoin-falls-below-86000-as-medium-term-holders-dump-holdings-crypto-market-cap-down-6 ↩ ↩2

  10. https://www.abcmoney.co.uk/2025/11/usdc-hits-record-76-billion-circulation-stablecoin-thrives-in-crypto-turmoil-on-november-21-2025/ ↩ ↩2 ↩3

  11. https://www.kucoin.com/news/flash/crypto-liquidity-worsens-as-stablecoin-supply-shrinks-and-trading-volume-slumps ↩ ↩2

  12. https://coinfomania.com/usdt-mint-signals-growing-demand-for-stablecoins/ ↩ ↩2

  13. https://www.bitget.com/news/detail/12560605075110 ↩ ↩2

  14. https://www.mexc.com/en-GB/news/174233 ↩ ↩2

  15. https://www.markets.com/news/us-bitcoin-etf-outflows-hit-record-highs-2549-en/ ↩ ↩2

  16. https://farside.co.uk/btc/ ↩

  17. https://www.nytimes.com/2025/11/21/business/dealbook/stocks-crypto-fed-market-turmoil.html ↩

  18. https://fortune.com/2025/11/21/stocks-wall-street-bitcoin-price-ai-bubbly-on-ice/ ↩

  19. https://www.reuters.com/world/asia-pacific/binance-ceo-teng-says-bitcoin-volatility-line-with-most-asset-classes-2025-11-21/ ↩

  20. https://financefeeds.com/gana-payment-project-suffers-over-3-1-million-hack/ ↩ ↩2

  21. https://cybernews.com/crypto/gana-payment-loses-3m-hack-whatsapp-eternidade-stealer-spreads-brazil/ ↩ ↩2

  22. https://www.trmlabs.com/resources/blog/thai-authorities-partner-with-private-sector-to-recover-432-000-in-stolen-crypto ↩ ↩2

  23. https://www.sidley.com/en/insights/newsupdates/2025/11/breaking-down-project-crypto-sec-chairman-atkins-outlines-next-phase-of-digital-asset-oversight ↩ ↩2

  24. https://www.cooley.com/news/insight/2025/2025-1118-secs-project-crypto-chairman-atkins-outlines-regulatory-vision ↩ ↩2

  25. https://www.mofo.com/resources/insights/251119-sec-chairman-atkins-speech-on-project-crypto ↩ ↩2

  26. https://www.csis.org/analysis/bybit-heist-and-future-us-crypto-regulation ↩ ↩2

  27. https://www.financemagnates.com/cryptocurrency/north-korea-linked-hackers-stole-over-2-billion-in-crypto-so-far-in-2025-report/ ↩ ↩2

  28. https://www.bbc.com/news/articles/c2kgndwwd7lo ↩ ↩2

  29. https://www.cyberdaily.au/security/12923-defi-security-breaches-exceed-3-1-billion-in-2025-as-australian-investors-monitor-high-speed-blockchain-vulnerabilities ↩

  30. https://www.elliptic.co/blog/north-korea-linked-hackers-have-already-stolen-over-2-billion-in-2025 ↩

  31. https://deepstrike.io/blog/crypto-crime-report-2025 ↩

  32. https://www.binance.com/en-BH/support/announcement/detail/4e544f84e3794ebc892bb4ada8f009b7 ↩

  33. https://www.bitget.com/support/articles/12560603842756 ↩

  34. https://announcements.bybit.com/article/delisting-4-spot-trading-pairs-on-nov-21-2025-blt76774b75e7c19683/ ↩

  35. https://www.kucoin.com/news/flash/kucoin-to-delist-multiple-leveraged-tokens-in-november-2025 ↩

  36. https://coinness.com/zh/news/1143218 ↩

  37. https://status.crypto.com ↩

  38. https://www.sec.gov/newsroom/speeches-statements/atkins-111225-secs-approach-digital-assets-inside-project-crypto ↩

  39. https://blogs.law.ox.ac.uk/oblb/blog-post/2025/11/europes-mica-moment-racing-against-time-stablecoin-wars ↩

  40. https://www.regulationtomorrow.com/italy/mica-under-review-already/ ↩

  41. https://www.linkedin.com/pulse/crypto-regulation-asia-developments-first-half-2025-d-a-partners-prekf ↩

  42. https://www.linklaters.com/en/knowledge/publications/alerts-newsletters-and-guides/2025/october/06/asia-fintech-and-payments-regulatory-update—october-2025 ↩

  43. https://www.elliptic.co/blog/analysis/a-new-dawn-for-taiwan-s-crypto-sector-and-its-impact-on-businesses ↩

  44. https://arxiv.org/pdf/2502.19349.pdf ↩

  45. https://www.mdpi.com/1911-8074/17/6/229/pdf?version=1716971410 ↩

  46. https://crypto.com/en/research/research-roundup-nov-2025 ↩

  47. https://a16zcrypto.com/posts/article/state-of-crypto-report-2025/ ↩

  48. https://cybersecasia.net/features/blockchain-exploits-highlight-cross-chain-security-flaws/ ↩ ↩2

  49. https://www.bitget.com/news/detail/12560605060454 ↩ ↩2

  50. https://www.altcoinbuzz.io/cryptocurrency-news/balancer-shares-full-post-mortem-on-recent-exploit/ ↩

  51. https://cryptorank.io/token-unlock ↩

  52. https://www.weex.com/news/detail/base-co-founder-jesse-will-launch-the-jesse-token-on-november-21st-at-100-utc-234056 ↩

  53. https://www.aa.com.tr/en/economy/bitcoin-dives-over-9-as-fed-rate-cut-hopes-decline/3749992 ↩

  54. https://eakdigital.com/the-top-11-crypto-events-and-conferences-in-2025/ ↩

  55. https://ninjapromo.io/best-crypto-conferences ↩

  56. https://www.xt.com/en/blog/post/crypto-market-news-today-november-21-another-crypto-crash-wipes-out-120-billion-saylors-strategy-might-be-delisted ↩

  57. https://www.blockpass.org/2025/11/01/global-crypto-regulatory-news-1-november-2025/ ↩

  58. https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica ↩

  59. https://www.trmlabs.com/reports-and-whitepapers/global-crypto-policy-review-outlook-2024-25-report ↩

  60. https://www.sec.gov/about/crypto-task-force ↩

  61. https://www.cssf.lu/en/markets-in-crypto-assets-mica-micar/ ↩

  62. https://legal.pwc.de/content/services/global-crypto-regulation-report/pwc-global-crypto-regulation-report-2025.pdf ↩

  63. https://www.brookings.edu/articles/the-best-way-to-regulate-digital-assets-merge-the-sec-and-cftc/ ↩

  64. https://www.sidley.com/en/insights/newsupdates/2025/11/uk-eu-investment-management-update-november-2025 ↩

  65. https://kyc-consulting.com/wp-content/uploads/2025/11/KYCC-RegCompass-APAC-Oct-2025-2.pdf ↩

  66. https://www.cftc.gov/PressRoom/SpeechesTestimony/opapham19 ↩

  67. https://www.reuters.com/sustainability/boards-policy-regulation/existing-eu-crypto-rules-address-stablecoin-risk-banking-regulator-says-2025-11-12/ ↩

  68. https://arxiv.org/pdf/1605.07524.pdf ↩

  69. https://arxiv.org/pdf/2103.03851.pdf ↩

  70. https://arxiv.org/html/2503.13052 ↩

  71. https://arxiv.org/html/2410.02029v2 ↩

  72. http://arxiv.org/pdf/2403.08023.pdf ↩

  73. https://dl.acm.org/doi/pdf/10.1145/3576915.3616674 ↩

  74. http://arxiv.org/pdf/2401.04662.pdf ↩

  75. https://arxiv.org/pdf/2401.09824.pdf ↩

  76. https://www.icij.org/investigations/coin-laundry/hunt-for-missing-millions-unmasks-one-crypto-exchange-hidden-inside-another/ ↩

  77. https://finance.yahoo.com/news/bunni-announces-shutdown-months-major-093214430.html ↩

  78. https://finance.yahoo.com/news/trump-crypto-project-wlfi-just-104712917.html ↩

  79. https://arxiv.org/html/2511.15245v1 ↩

  80. https://blog.cloudflare.com/18-november-2025-outage/ ↩

  81. https://www.darktrace.com/blog/tracking-cve-2025-31324-darktraces-detection-of-sap-netweaver-exploitation-before-and-after-disclosure ↩

  82. https://defisecuritysummit.org/schedule ↩

  83. https://www.europol.europa.eu/media-press/newsroom/news/eur-47-million-in-crypto-traced-to-disrupt-digital-piracy-services ↩

  84. https://blog.mexc.com/banana-gun-users-lose-1-9m-in-theft-creator-raymond/ ↩

  85. https://arxiv.org/abs/2211.15260v2 ↩

  86. https://linkinghub.elsevier.com/retrieve/pii/S2405844023014433 ↩

  87. https://downloads.hindawi.com/journals/ddns/2024/8066742.pdf ↩

  88. https://linkinghub.elsevier.com/retrieve/pii/S1057521924005490 ↩

  89. https://linkinghub.elsevier.com/retrieve/pii/S1544612324007773 ↩

  90. https://arxiv.org/pdf/2309.00390.pdf ↩

  91. https://arxiv.org/pdf/2409.00270.pdf ↩

  92. https://www.openpr.com/news/4277947/top-new-cryptos-for-november-2025-these-projects-are-gaining ↩

  93. https://sqmagazine.co.uk/stablecoin-market-share-by-chain-statistics/ ↩

  94. https://iieta.org/journals/mmep/paper/10.18280/mmep.100641 ↩

  95. https://www.mdpi.com/1911-8074/12/2/103/pdf ↩

  96. https://arxiv.org/pdf/2410.06935.pdf ↩

  97. https://arxiv.org/html/2409.03674 ↩

  98. http://arxiv.org/pdf/2306.08157.pdf ↩

  99. http://eudl.eu/pdf/10.4108/eai.10-3-2022.173608 ↩

  100. https://arxiv.org/pdf/2407.17930.pdf ↩

  101. https://ycharts.com/indicators/bitcoin_market_cap ↩

  102. https://markets.businessinsider.com/news/stocks/the-new-crypto-under-0-04-nearly-95-sold-out-mutuum-finance-approaches-20m-in-funding-1035585513 ↩

  103. https://www.coingecko.com/en/coins/solana/bnb ↩

  104. https://www.reuters.com/sustainability/boards-policy-regulation/bitcoin-rally-driven-more-by-institutional-demand-than-speculation-2025-07-14/ ↩

  105. https://www.coindesk.com/daybook-us/2025/11/21/the-canary-in-the-coalmine-crypto-daybook-americas ↩

  106. https://hexn.io/price-prediction/binance-peg-sol ↩

  107. https://www.tradingview.com/news/coinpedia:26501a527094b:0-why-crypto-is-crashing-today-live-updates-on-november-21-2025/ ↩

  108. https://www.bitget.com/zh-TC/price/bullseus-maximus/price-prediction ↩

  109. https://www.coingecko.com/en/charts ↩

  110. https://www.kucoin.com/news/articles/crypto-daily-market-report-key-news-trends-and-insights-in-cryptocurrency-blockchain-november-21-2025 ↩

  111. https://arxiv.org/pdf/2309.01667.pdf ↩

  112. https://linkinghub.elsevier.com/retrieve/pii/S037843712300599X ↩

  113. https://arxiv.org/pdf/2111.02719.pdf ↩

  114. https://linkinghub.elsevier.com/retrieve/pii/S2096720920300014 ↩

  115. http://arxiv.org/pdf/2409.14640.pdf ↩

  116. https://arxiv.org/html/2410.11295v1 ↩

  117. https://www.mdpi.com/1099-4300/23/12/1674/pdf?version=1639392038 ↩

  118. https://arxiv.org/pdf/2205.08904.pdf ↩

  119. https://ernie55ernie.github.io/crpyto/2025/11/16/daily-crypto.html ↩

  120. https://yellow.com/research/crypto-market-pulse-okbs-dollar76b-burn-bnb-new-records-and-chainlink-partnerships ↩

  121. https://status.lmax.com ↩

  122. https://www.binance.com/en/square/news/binance-news ↩

  123. https://fxnewsgroup.com/forex-news/cryptocurrency/argo-blockchain-receives-nasdaq-delisting-notice/ ↩

  124. https://www.binance.com/en/square/post/32423948874065 ↩

  125. https://www.share-talk.com/argo-blockchain-shares-slump-11-on-ads-conversion-and-delisting-plans/ ↩

  126. https://www.coinspeaker.com/guides/upcoming-binance-listings/ ↩

  127. https://www.coinglass.com/es/news/739231 ↩

  128. https://www.sciencedirect.com/science/article/pii/S0165176525005609 ↩

  129. https://arxiv.org/abs/2412.02452 ↩

  130. http://arxiv.org/pdf/2408.11961.pdf ↩

  131. https://www.mdpi.com/2813-2432/2/4/20/pdf?version=1696645437 ↩

  132. https://journals.library.columbia.edu/index.php/CBLR/article/download/11901/6019 ↩

  133. https://linkinghub.elsevier.com/retrieve/pii/S1042443120301645 ↩

  134. https://www.mdpi.com/1911-8074/12/3/126/pdf?version=1563954539 ↩

  135. https://www.mdpi.com/1911-8074/16/7/305/pdf?version=1687843162 ↩

  136. https://www.mdpi.com/1911-8074/15/3/118/pdf?version=1646362512 ↩