KLEA Crypto Daily: Thursday, November 20, 2025

Published: November 21, 2025 – 00:03 UTC

Here’s a look back at the key stories from November 20, 2025.

Senators Release Bipartisan Draft Outlining Crypto Policy and Federal Market Structure

A sweeping Senate draft accelerates momentum for clear crypto oversight by empowering the CFTC, tightening consumer protections, and signaling broader federal support that could lift liquidity and spur wider adoption across regulated U.S. trading venues.

Bitcoin Drops To $87,000, Ethereum Loses $3,000, XRP Hangs On To $2 As Sell-Off Continues

Bitcoin continued its decline, breaking key support levels, as sentiment deteriorates amid a broader market sell-off. Ethereum and XRP also saw significant losses, reflecting the overall negative market sentiment.

Polymarket Seeks $12 Billion Valuation After Record-Breaking Month

Polymarket had its busiest month ever in October, with November poised to surpass those activity records. The platform is now seeking a $12 billion valuation, indicating significant growth and investor interest in prediction markets.

Coinbase Launches ETH-Backed Loans as Onchain Lending Tops $1.25B

Coinbase has introduced ETH-backed loans allowing users to borrow up to $1 million in USDC against their Ether, as the onchain lending market surpasses $1.25 billion. This move expands Coinbase's Base-powered network, catering to the increasing demand for crypto-backed loans.

Fartcoin Outshines Dogecoin, Shiba Inu And Targets 466% Rebound

Fartcoin's breakout from a months-long downtrend may be the start of a 466% rally, as technical analysis confirms the breakout. The surge in price follows weeks of tight compression and a clear shift in momentum, indicating a potential reversal in the cryptocurrency's trend.

Elizabeth Warren Calls for Investigation into Trump Official’s Ties to World Liberty Financial

Senators Elizabeth Warren and Jack Reed are urging an investigation into Trump Administration official Steve Witkoff's connections to crypto company World Liberty Financial. They are questioning potential conflicts of interest regarding deals involving advanced AI chips and a stablecoin linked to a major crypto exchange.

Spot Bitcoin ETFs Return to Positive Flows, BTC Recovers Above $92,000

Spot bitcoin ETFs have seen a return to positive flows, with BTC recovering above $92,000. This development signals a potential stabilization in the market following recent fluctuations. Source: The Block

El Salvador Buys the Dip Defying IMF Demands: Over $100M in BTC Added as Price Wobbles

El Salvador made its largest single-day Bitcoin purchase since adopting the cryptocurrency, acquiring around 1,090 BTC worth about $100 million as prices dropped below $90,000. This move comes amidst a broader risk-asset selloff and doubts over Federal Reserve rate cuts.

Nvidia Lifts Bitcoin Price to $92,000 as $57B Earnings Pop AI Bubble Fears

Bitcoin saw a 5% bounce towards $93,000 after Nvidia reported $57 billion in third-quarter revenue, dispelling concerns of an artificial intelligence bubble burst. Market watchers are now optimistic about Bitcoin's recovery following a recent slump.

Malaysia’s National Power Company Loses Over $1.1 Billion to Illegal Crypto Mining

Malaysia’s national utility firm Tenaga Nasional Bhd (TNB) lost over $1.11 billion to illegal electricity use by crypto miners between 2020 and August 2025, with 13,827 premises implicated. The losses highlight the challenges posed by unauthorized crypto mining activities on national infrastructure.

Trump Eyes Executive Order to Rein In Patchwork State AI Policies

The White House is considering an executive order to establish a federal framework for AI policies, while Republicans in Congress explore a potential moratorium attached to a defense bill.

Bitcoin’s Drawdown Shouldn’t Be Blamed on US Shutdown or AI: Analysts

Analysts suggest that Bitcoin's recent price drop should not be attributed to the US government shutdown or AI, as historical patterns indicate such corrections often precede upward movements in Bitcoin's value.

Abu Dhabi Investment Council Triples Stake in Bitcoin ETF in Q3: Report

Abu Dhabi Investment Council significantly increased its stake in the BlackRock Bitcoin ETF in the third quarter, despite the ETF's share price declining by almost 23%.

BlackRock Forms New Trust Amid Early Uptake of Staking-Focused Ethereum ETFs

BlackRock has established a new trust to support the growing trend of staking-focused Ethereum ETFs entering the U.S. market, signaling further development in the crypto investment sector.

Source: KLEA News