Daily Market Wrap | Nov. 25

Hot Topics

• Japan's FSA plans to mandate crypto exchanges to hold segregated liability reserves for user assets.
• BitMine Immersion Technologies surged nearly 20% on Monday, while SharpLink Gaming rose 6% and Strategy 5%.
• Galaxy Digital explores partnerships with Polymarket and Kalshi to serve as liquidity provider in prediction markets.

Market Updates

• Naver Financial plans to launch a stablecoin wallet for Busan's "Dongbaek-jeon" currency with Hashed and BDAN, as it prepares for a merger with Upbit operator Dunamu eyeing a Nasdaq IPO.
• Monad's MON token rebounds 46% to $0.0365 after dipping to $0.02.
• Fuse Crypto receives SEC no-action letter confirming its FUSE green energy rewards token is not a security under the Howey test.