News/Daily Market Wrap | Nov. 17 Daily Market Wrap | Nov. 17
Nov 17,2025,19:00

Hot Topics
- Bitcoin falls below $94K for first time since May amid extreme fear sentiment, with analysts warning of further drops to $83.5K as retail distress mounts.
- Arca CIO Jeff Dorman rejects claims that Strategy(MSTR) faces forced Bitcoin sales, highlighting its robust balance sheet and cash flow despite Peter Schiff's bankruptcy warnings.
- Hong Kong's HKMA launches Project Ensemble pilot for real-value tokenized deposit transactions, advancing crypto hub ambitions through 2026.
Market Updates
- Alibaba will use JPMorgan’s blockchain for tokenized USD and EUR payments on its B2B platform to speed up cross-border transactions and cut intermediaries, starting with bank-issued tokens.
- BlackRock's $2.5B tokenized fund BUIDL lists as off-exchange collateral on Binance and expands to BNB Chain for enhanced institutional trading and DeFi utility.
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