Jane Street Capital disclosed passive investments in three Bitcoin mining companies through SEC 13G filings, including approximately 19.68 million shares representing 5% of Cipher Mining. Mining stocks surged following the disclosure, with Cipher Mining advancing nearly 20%, Bitfarms rising 10.68%, and Hut 8 gaining 17.27%. The investments signal growing institutional interest in the sector following Google's 5.4% stake acquisition in Cipher Mining in late September.

Coinbase Global Inc. shares jumped over 9% on Friday after JPMorgan Chase upgraded the cryptocurrency exchange to "Overweight" from "Neutral" and raised its price target to $404. The upgrade reflects anticipated monetization opportunities from the Base network and potential changes to USDC rewards distribution. JPMorgan analysts estimate a potential Base token launch could represent a market opportunity valued between $12 billion and $34 billion.

Swiss digital asset bank Sygnum has unveiled a Bitcoin-backed lending solution that allows borrowers to retain custody of their private keys while accessing fiat credit. The product, developed in partnership with blockchain platform Debifi, uses a three-of-five multisignature custody model to prevent third-party collateral reuse. The platform, branded MultiSYG, is scheduled for early 2026 release and targets institutional clients seeking liquidity without surrendering asset control.

President Donald Trump has nominated Michael Selig to chair the Commodity Futures Trading Commission. Selig currently serves as Chief Counsel of the SEC's Crypto Task Force and Senior Adviser to SEC Chair Paul Atkins. The nomination follows the withdrawal of a previous candidate in September and reflects a shift toward structured digital asset oversight.

JPMorgan analysts upgraded Coinbase with a December 2026 price target of $404, citing a potential Base network token valued between $12 billion and $34 billion. The bank highlighted Base's growth to over $5 billion in total value locked and shifts in USDC reward distribution as key monetization opportunities.

Tether announced October 24 it expects to earn $15 billion in profit this year, operating at a 99% margin with $183 billion USDT in circulation. The stablecoin issuer has reached 500 million users globally and is in discussions with SoftBank Group and Ark Investment Management to raise up to $20 billion for a 3% equity stake.

Ledger launched an integrated multisig feature on October 24, 2025, charging a $10 flat fee per transaction plus 0.05% on token transfers. Developers and security researchers criticized the closed-source implementation and fee structure, arguing it contradicts the company's original ethos.

Polymarket has confirmed plans to launch a native POLY token and conduct an airdrop distribution. Chief Marketing Officer Matthew Modabber said Thursday the platform will prioritize its U.S. application launch before proceeding with token deployment. The company aims to build long-term utility into the asset rather than rush its release.