𨠓WHAT HAPPENED IN CRYPTO TODAY” – COINTELEGRAPH’S DAILY WRAP šØ
Cointelegraphās live-blog snapshot (edition: 27 Nov 2025) packs the market-moving headlines, on-chain sparks and policy sound-bites that ricocheted through crypto in 24 hrs ā from a surprise Basel stablecoin concession to a record open-interest print on BTC futures.
š Key Headlines
š¹ļø Basel Boost: BCBS officially dropped the punitive 1 250 % risk-weight for bank-held stablecoins (Tether, USDC) and replaced it with a tiered 20 %ā100 % framework ā unleashing a 2.4 B intraday rally in stablecoin issuer tokens and bank-centric DeFi plays.
š¹ļø BTC Open Interest Record: Aggregate perpetual & futures OI hit 53.8 B (Deribit + CME + Binance) ā 7 % above April peak ā as whales added 1.1 B long exposure ahead of Fridayās 0-DTE expiry; funding flipped +18 % annualised.
š¹ļø Nasdaq Tokenized Equities Live: Nasdaqās ATS-Clearing hybrid went live with 3 private-company tokens; first trade executed 4.3 M face value in T+0 settlement, marking the first regulated U.S. exchange to custody & clear on-chain shares.
š¹ļø Upbit Security Patch: Exchange completed hot-wallet key rotation after 30 M Nov hack; four partner custodians patched the same private-key-leak flaw ā no customer funds lost.
š¹ļø ADGM RLUSD Green-Light: Rippleās dollar stablecoin received full e-money licence in Abu Dhabi ā first USD-backed coin regulated in the Gulf ā with 210 M minted within 6 hrs of announcement.
š¹ļø Macro Tail-Wind: U.S. Q3 GDP revised +3.2 %, weekly jobless claims fell to 211 k, DXY -0.4 % ā risk-on cross sent BTC above 98 k and ETH to 3.7 k in late-session surge.
š” Why It Matters
š¹ļø Regulatory Momentum: Basel + Nasdaq + ADGM approvals in one session show tokenised real-world assets have moved from āpilotā to āproductionā ā expect follow-through filings from NYSE & Cboe within weeks.
š¹ļø Leverage Watch: 53 B OI + 18 % funding = highest leveraged long stack since March 2024; a 1 k adverse move could trigger 2.4 B liquidations ā volatility expansion likely into month-end.
š¹ļø Stablecoin Supply Surge: Basel relief + RLUSD launch added 1.8 B new USD-pegged supply in 12 hrs ā on-chain liquidity injection that historically precedes alt-coin rotation by 10ā14 days.
š¹ļø Sentiment Loop: Positive macro + regulatory trifecta pushed Crypto Fear & Greed Index to 82 (Extreme Greed) ā short-term frothy, but fundamental catalysts (ETF inflows, tokenised equities) support medium-term bias.
Bottom line: Todayās session delivered the rare trifectaāmacro tail-winds, regulatory breakthroughs and technological milestonesāsending crypto markets into extreme greed territory and setting the stage for a volatile but potentially transformative end to 2025.
https://cointelegraph.com/news/what-happened-in-crypto-today