News/Daily Market Wrap | Nov. 26

Daily Market Wrap | Nov. 26

Nov 26,2025,18:32

Hot Topics

  • U.S. Bank successfully tests issuing a custom, fully reserved stablecoin on the Stellar network, aiming to enable faster, cheaper cross-border payments for its institutional clients.
  • Texas invests $5M in BlackRock's IBIT ETF as a placeholder for its Strategic Bitcoin Reserve, advancing toward the first U.S. state-level government crypto holdings amid rising state and federal interest.

Market Updates

  • ARK Invest adds $9.1M in Circle (CRCL) and Bullish (BLSH) shares via ARKK amid ongoing crypto stock slide.
  • Polymarket secures CFTC amended order for regulated U.S. return, enabling intermediated access via FCMs and brokerages to reopen to American users this November after 2022 ban.
  • Robinhood forms JV with Susquehanna to launch a CFTC-licensed derivatives exchange in 2026, acquiring MIAXdx to expand prediction markets amid surging demand.
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