Daily Market Wrap | Nov. 27

Hot Topics

• Bitcoin rebounds above $91K, ETH climbs 3.1% to $3,030.
• UAE's Central Bank issues new central bank law, integrating digital assets and DeFi into traditional banking regulations.
• S&P Global Ratings downgrades Tether's USDT to 'weak' (score 5) from 'constrained' (score 4), citing rising exposure to volatile Bitcoin (now 5.6% of reserves) amid falling prices risking undercollateralization.

Market Updates

• SpaceX transferred $105.4 million in Bitcoin (1,163 BTC) to two unmarked wallets on November 26, 2025, leaving it with 6,095 BTC holdings worth $552.9 million.
• HIVE Digital Technologies launches $300M at-the-market equity program after record Q3 with $87.3M revenue and 717 BTC mined.