Crypto News Today [Live] Updates On November 6,2025

SBI Digital Markets (SBIDM), the digital asset arm of Japan’s SBI Group (¥10T AUM), has adopted Chainlink as its exclusive infrastructure provider. Through Chainlink’s CCIP, SBIDM will enable secure transfers of tokenized assets across public and private blockchains while protecting sensitive data via CCIP Private Transactions. The partnership transforms SBIDM into a full-service digital asset hub, offering compliant issuance, settlement, and trading — accelerating onchain finance expansion across Asia and Europe.

XRP has rebounded sharply, climbing 12% in the past 24 hours as buyers capitalize on the recent dip. On-chain data from the XRP Ledger shows a surge in network activity, with 21,595 new XRP wallets created within 48 hours — the highest growth in eight months. The spike in both price and wallet creation signals renewed investor confidence and growing momentum across the XRP ecosystem.

Coinbase has submitted feedback to the U.S. Treasury, calling for clear and balanced implementation of the GENIUS Act. The exchange urged regulators to exclude non-financial software, blockchain validators, and open-source protocols from oversight, aligning with congressional intent. Coinbase also clarified that the Act’s interest ban should apply only to stablecoin issuers, not intermediaries offering rewards, and recommended classifying payment stablecoins as cash equivalents for tax and accounting purposes.

On November 5 (ET), U.S. spot Bitcoin ETFs saw $137 million in net outflows, marking their sixth straight day of withdrawals. Ethereum ETFs followed suit with $119 million in outflows, also extending to a six-day streak. In contrast, U.S. spot Solana ETFs recorded $9.7 million in net inflows, continuing their seven-day inflow streak as investor sentiment shifts toward alternative layer-1 assets.

According to Suiscan, wallet 0xe7cd…7a88a4, linked to the Momentum team, transferred 38 million MMT (≈$45.6M) to Binance on Nov 5 at 16:00 UTC+8. The tokens originated from the second-largest holder (0x1b4d2…7355c8), which controls 18.57% of supply and distributed 89.47M MMT to 12 wallets between Nov 4–5, some of which sent tokens to exchanges. After listing on Binance at $0.10, MMT soared to $4.4+ (peaking near $10) within 12 hours before correcting to $0.67.

The U.S. government shutdown has reached 36 days, the longest in history, raising concerns about further delays to crypto market structure legislation. Patrick Witt, Executive Director of the White House Digital Assets Advisory Council, said President Trump still plans to finalize the bill by end of 2025. However, industry experts warn the prolonged shutdown could push key regulatory milestones into 2026, slowing the path toward U.S. crypto clarity.

Robinhood posted strong Q3 2025 earnings, with net revenue hitting $1.27 billion, more than double year-over-year and above expectations. GAAP EPS surged 259% YoY to $0.61, while crypto transaction revenue jumped 300% to $268 million. The company reported adjusted EBITDA of $742 million, total platform assets of $333 billion, and $4.3 billion in cash and equivalents, underscoring robust growth driven by renewed crypto market activity.

At Ripple Swell 2025, CEO Brad Garlinghouse delivered an incredible speech, highlighting Ripple’s growing dominance backed by regulators, financial institutions, and private banks. Supporters noted that Ripple is positioning itself as a global financial powerhouse, with XRP at its core—a move some see as paving the way for Ripple to operate like a next-generation digital bank redefining cross-border finance.

At Ripple Swell 2025 in New York, Ripple CTO David Schwartz and Evernorth CEO Asheesh Birla unveiled bold plans to advance institutional XRP adoption. Evernorth confirmed an additional $214 million XRP acquisition, bringing total holdings to nearly $1 billion. Birla emphasized a responsible, long-term growth strategy, focused on digital asset treasuries and regulated DeFi integration. Schwartz highlighted the XRP Ledger’s scalability, capable of 1,500 TPS, as the backbone for institutional treasuries. With Evernorth poised to become the largest public XRP holder, both leaders signaled that 2025 marks a defining year for XRP’s evolution in global finance.

At Ripple Swell 2025, a BlackRock executive announced plans to tokenize real-world assets through Securitize on the XRP Ledger, declaring, “The market is ready — trillions in value are about to move on-chain.” The move marks a significant milestone in integrating traditional finance with blockchain, signaling the dawn of a new digital finance era driven by institutional adoption and on-chain innovation.

At Swell 2025, Ripple CEO Brad Garlinghouse warned against the growing political divide in crypto, saying, “Technology should not be partisan.” He emphasized that regulation must focus on outcomes, not the technology itself, calling the politicization of crypto “a cliff.” Garlinghouse’s remarks highlight Ripple’s push for balanced, innovation-driven regulation as the U.S. shapes its next phase of digital asset policy.

Ripple has closed a $500 million strategic investment round at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities. The company revealed over $95 billion in payment volume, a $1 billion RLUSD stablecoin market cap, and six major acquisitions in just two years. Ripple also repurchased 25% of its shares, tripled Ripple Prime’s growth, and secured 75 global regulatory licenses, solidifying its mission to build the Internet of Value.

At Ripple Swell 2025, U.S. Crypto Chief Patrick Witt declared, “Bitcoin is not XRP,” predicting a crypto market worth tens of trillions by year-end. In a dynamic discussion with Ripple CEO Brad Garlinghouse, Witt revealed the White House’s push for the Market Structure Bill, aimed at restoring U.S. crypto dominance. With stablecoin growth, regulatory clarity, and major acquisitions rising, Witt said, “This is the decade crypto and traditional finance finally fuse.”

Ripple has teamed up with Mastercard, WebBank, and Gemini to roll out RLUSD-based settlement on the XRP Ledger. The collaboration will debut with the Gemini XRP Credit Card, enabling instant, transparent, and compliant fiat credit card settlements through blockchain technology. This move marks a major leap in bridging traditional finance with digital assets, setting a new standard for institutional payment efficiency.