Tether, the issuer of the USDT stablecoin, has signed a memorandum of understanding (MoU) with the People’s Committee of Da Nang City in Vietnam. The aim of the cooperation is to develop digital infrastructure, innovative management models, and introduce blockchain technologies into the public sector of one of the country’s fastest growing municipalities.
Investment company Franklin Templeton has introduced the first tokenized money market fund in Hong Kong. The product was created on the basis of its own Benji Technology platform.
A group of large projects in the Ethereum ecosystem has announced the launch of the Ethereum Protocol Advocacy Alliance (EPAA) initiative. Its goal is to ensure proper regulation, protection of innovation, and blockchain neutrality.
Dinari, a company specializing in the tokenization of traditional financial instruments, announced a partnership with Chainlink to create a tokenized version of the S&P Digital Markets 50 Index. The solution will combine 35 publicly traded blockchain-related firms and 15 crypto assets.
Since the beginning of November 2025, bitcoin has sagged from levels around $110,000 to below $99,000. Between October 27 and November 5 alone, the drop was about 15%.
Democratic socialist Zohran Mamdani has won the race for mayor of New York City, beating former Gov. Andrew Cuomo. According to the Associated Press, he received 50.6 percent of the vote compared to 41.2 percent for his main rival, while Republican Curtis Sliwa remained far behind.
Omid Malekan, a professor at Columbia Business School, said the recent decline of the crypto market is not only due to macroeconomic factors, but also to the activities of digital treasury management (DAT) companies. Many of them contributed to the price decline rather than keeping the market stable, he said.
On the night of November 5, 2025, the bitcoin price fell to $98,966 at the moment, according to TradingView. The exchange rate collapsed below the $100,000 level for the first time since late June 2025.