Crypto weekly is authored by maaria and david blumenfeld

PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($3.95T): -5% / +16%
- BTC ($112,168): -3% / +20%
- ETH ($4,139): -10% / +24%
- SOL ($218): -10% / +15%
- UNI ($8.09): -14% / -39%
- OP ($0.69): -12% / -60%
- COIN ($342): +6% / +38%
- Tether Mkt Cap ($172B): +1% / +24%
- USDC Mkt Cap ($74B): +1% / +68%
- BTC / ETH Dominance: 57% / 13%

THIS WEEK IN CRYPTO

- The SEC approved a faster listing process for exchanges to list bitcoin and gold exchange-traded products by allowing them to use generic listing standards rather than going through the traditional rule-change approval process. Link. Link. 

- 25% of public bitcoin treasury companies are now trading below the value of their bitcoin holdings. Link. Link. 

- The first spot Dogecoin ETF launched with ticker DOJE, following new SEC rule changes that streamlined the approval process for crypto ETFs. Link. 

- Coinbase launched a new USDC lending feature that allows users to earn up to 10.8% by lending USDC through DeFi pools on the Base network. Link. Link. Link.

- Consensys CEO Joe Lubin confirmed that MetaMask’s native crypto token "MASK" is coming "sooner than you would expect". Link. 

- Circle is launching a native version of its USDC stablecoin on decentralized derivates platform Hyperliquid. Link. Link. 

- Google launched an open-source payments protocol for AI agents to autonomously send and receive money using stablecoins via Coinbase. Link. Link.

- Crypto custodian BitGo filed for an IPO on the NYSE under ticker "BTGO," reporting $4.19 billion in revenue for the first half of 2025 and over $90 billion in assets. Link. Link.

- The SEC approved Grayscale's application for a multi-token crypto ETF which holds over 70% bitcoin, 17% ether, and smaller allocations to XRP, Solana, and Cardano. Link. Link. 

- John Egan, Stripe's head of crypto who helped orchestrate the company's major blockchain acquisitions including Bridge and Privy, is leaving to become chief product officer at Polygon Labs to focus on improving payments across Polygon's ecosystem. Link. 

- The US Treasury Department is seeking public comment on implementing the GENIUS Act stablecoin legislation, specifically around tax treatment, foreign issuer permissions, and the balance between state and federal oversight. Link. 

- Australia's securities regulator ASIC has created a class exemption allowing licensed intermediaries to distribute stablecoins without requiring separate licenses. Link. 

- The US and UK are planning to deepen their collaboration on cryptocurrency oversight through a cross-border sandbox. Link. 

- PayPal is introducing PayPal Links, a service that supports tax-exempt P2P crypto transactions. Link. Link. 

- Base, Coinbase’s Layer-2 protocol, is "beginning to explore" launching a native token. Link. Link. 

- Bitcoin's mining difficulty is up 30% this year reaching a new all-time high. Link. 

- Former SEC chairman Gary Gensler defended his "regulation by enforcement" approach, stating that most cryptocurrencies "lack fundamentals" and are highly speculative. Link. 

- Ethereum developers have scheduled the Fusaka upgrade for December 3, ahead of an originally expected 2026 deployment. Fusaka will increase blob capacity for Layer-2s and reduce transaction fees. Link. 

- The Ethereum Foundation has formed a new AI team called the dAI Team to position Ethereum as the primary settlement and coordination layer for AI agents and to develop decentralized AI infrastructure. Link.