Trump reportedly weighing pardon for Binance founder Changpeng Zhao

Ripple is set to expand its operations with a $4 billion investment aimed at integrating cryptocurrency with traditional financial systems, specifically targeting Wall Street. The company plans to offer a suite of services including custody, prime brokerage, treasury, and stablecoins, enabling institutions to function similarly to banks but utilizing crypto infrastructure. This expansion is significant as it represents a growing acceptance of cryptocurrency in mainstream finance, potentially reshaping how institutions engage with digital assets.

Mike Selig, nominated by Trump for the Commodity Futures Trading Commission (CFTC), is set to appear before senators for his confirmation hearing. This event coincides with the renewed movement of cryptocurrency legislation through Congress, highlighting the ongoing developments in the regulatory landscape for digital currencies. The outcome of Selig's confirmation could significantly impact the direction of crypto regulation in the United States, making this hearing a pivotal moment for stakeholders in the cryptocurrency market.

The article discusses the uncertainty surrounding the potential for a Bitcoin price boom following a recent US government shutdown. It references a previous shutdown in 2019 during Trump's presidency, which resulted in a surge in crypto markets. However, the current situation is deemed different, leading to skepticism about whether a similar outcome will occur this time. This analysis is significant as it highlights the unpredictable nature of cryptocurrency markets and the factors that influence them, particularly in relation to government actions.

The yield gap between cryptocurrency and traditional finance (TradFi) is narrowing, driven by the rise of stablecoins, staking tokens, and real-world assets (RWAs). This trend has been significantly supported by the historic approval of the US GENIUS Act in July 2025, which has facilitated new avenues for yield generation in the crypto space. As these financial instruments gain traction, they are helping to bridge the gap that has traditionally existed between the two sectors, making crypto investments more appealing and potentially increasing their adoption.

Bitcoin's price surged to $105,000, continuing a trend of higher lows observed in November. However, traders are exercising caution due to concerns about a potential rejection at key resistance levels, particularly in light of significant BTC withdrawals from Binance.

BetPlays has launched a new online gaming platform that integrates cryptocurrency, offering over 4,000 casino games and fast payments. This initiative aims to redefine the online gaming experience for a global audience, enhancing security and trust in the rapidly growing gaming market.

A Canadian Court of Appeal ruled in favor of Binance, ordering the Ontario Securities Commission (OSC) to pay $15,000 after deeming the OSC's document production request unconstitutional. The court found the probe request to be unreasonable, highlighting the importance of protecting companies from excessive regulatory demands. This ruling is significant as it reinforces the legal boundaries of regulatory bodies and may impact future interactions between cryptocurrency firms and regulators in Canada.

On November 12, 2025, the cryptocurrency market showed signs of recovery after Bitcoin's price dipped to $103,000, rebounding to $104,524.74. This recovery, marked by a 0.52% gain in 24 hours and a 2.54% increase over two days, coincided with surges in meme coins like MELANIA and TRUMP, prompting traders to seek the best memecoin investments. This event highlights the volatile nature of the crypto market and the ongoing interest in meme-based cryptocurrencies.