News/Daily Market Wrap | Nov. 11

Daily Market Wrap | Nov. 11

Nov 11,2025,17:29

Hot Topics

  • IRS issues safe harbor guidance allowing crypto ETPs to stake digital assets.
  • Prediction markets show 96% odds U.S. shutdown ends by mid-November post-Senate funding bill, but ACA subsidy fights persist, impacting midterm blame game.
  • Senate Ag Committee's draft crypto bill grants CFTC new authority over digital commodities and funding, but leaves unresolved issues like resources and conflicts amid bipartisan efforts.

Market Updates

  • Standard Chartered partners with DCS to enable DeCard stablecoin spending via credit card in Singapore, bridging crypto with traditional finance.
  • Coinbase launches UK savings accounts with 3.75% AER interest on GBP deposits, instant access, and FSCS protection up to £85K for eligible users.
  • Uniswap proposes "UNIfication" to unify Labs and Foundation, activate protocol fees with UNI burn (including 100M retroactive), zero product fees, and governance overhaul via auctions and budget.
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