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The Japanese yen fell below the 160 mark against the US dollar for the first time since September, weakening for the third consecutive trading day. The US-Japan interest rate differential exceeded 250 basis points, increasing the pressure on the yen to depreciate.Jun Mimura, an official from Japan's Ministry of Finance, stated that the recent fluctuations in the yen's exchange rate have been "too rapid," and mentioned previous interventions in the foreign exchange market. Japan intervened in the foreign exchange market three times this summer, utilizing a total of 15.4 trillion yen (approximately 96.4 billion US dollars).

According to Bitcoin Magazine, as disclosed in the 13F filing submitted on November 5, Bank of New York Mellon (BNY Mellon) increased its holdings in Bitcoin treasury company Strive (ASST) by 28% in the third quarter, bringing the total to 237,100 shares, valued at $6.97 million based on the price as of September 30.Compared to the 185,556 shares disclosed on June 30, this increase of 51,544 shares had a market value of approximately $2.02 million at that time. The increase in market value was mainly due to the stock price: the implied ASST price in the two filings rose from $10.91 on June 30 to $29.41 on September 30, resulting in a more than doubling of the disclosed market value alongside a 28% increase in the number of shares held.The 13F is a snapshot at a point in time rather than a trading record. Bank of New York Mellon submitted a consolidated report covering group-level holdings, so Strive's position may include client, fund, and discretionary accounts, rather than a single proprietary bet, and the bank may have adjusted its holdings after September 30.As of September 30, the bank's assets under custody and administration amounted to $63.4 trillion, with managed assets totaling $2.2 trillion. In the same report, its Bitcoin-related positions also included 1,056,230 shares of Strategy (MSTR), valued at $161.7 million, and 162,072 shares of BlackRock iShares Bitcoin Trust (IBIT), valued at $7.67 million, the latter nearly doubling from 85,282 shares as of June 30.According to regulations, institutions with investment decision-making authority over securities exceeding $100 million must disclose their holdings within 45 days after the end of the quarter, with this quarter's window extending to November 16 due to November 14 falling on a Saturday.JPMorgan submitted its third-quarter 13F this Thursday, while Wells Fargo, Millennium Management, and Schonfeld Strategic Advisors had not yet appeared in the SEC's EDGAR system as of Thursday morning.Among the disclosed banks, Barclays reported holding 3,942,900 shares of IBIT, valued at $186.7 million, an increase of 48% from 2,658,147 shares three months ago, in a filing on November 6; Citigroup reported holding 521,144 shares of IBIT, valued at $24.7 million, in a filing on November 4, and added 1,636,387 shares of Fidelity Wise Origin Bitcoin Fund (FBTC), valued at $118.9 million. Strive itself increased its holdings by 29 Bitcoins in the week ending November 6, bringing its total holdings to 43,153 Bitcoins.

According to The Block, the stablecoin SoFiUSD issued by the licensed American bank SoFi has been launched on the Polygon Open Money Stack.SoFi users can buy, sell, hold, and exchange SoFiUSD on Polygon through the SoFi App without the need for a separate wallet or manual cross-chain transactions. SoFiUSD is issued by SoFi Bank, a national bank regulated by the Office of the Comptroller of the Currency (OCC), and can be redeemed for US dollars at a 1:1 ratio.

The Federal Reserve's interest rate hike combined with the central bank's increase of the foreign exchange deposit reserve ratio to 6% has led several banks to raise their USD fixed deposit rates again, with some products exceeding 4%.In October, the average benchmark performance of USD wealth management reached 4.1%. The interest rates of foreign banks have risen significantly, while the listed rates of state-owned banks remain around 2.8%, resulting in an inverted yield curve.

According to Jinshi Data, Bank of America Global Research has lowered the target price for Nvidia from $350 to $280. Investment bank Evercore ISI has downgraded Nvidia's rating from "Outperform" to "In Line" and has reduced the target price from $465 to $186.

British bank Griffin has completed a $20 million Series B financing round, led by Octagon Partners, with participation from Notion Capital, A+ Ventures, Nordic Ninja, Breega, and others. The company's valuation exceeds $100 million, though it has not disclosed whether this is pre-money or post-money valuation. Griffin stated that the funds from this round will be used to drive business expansion and achieve profitability.Griffin was founded in 2017 by former Airbnb employee David Jarvis and CircleC co-founder Allen Rohner, and it obtained a full banking license in 2024 and officially launched. Currently, Griffin provides banking infrastructure services to over 80 companies, including Uber, Countingup, Anna Money, Yonder, and Prosper. The company serves over 300,000 retail and business customers, processing approximately 10 million payments annually. As of September 2026, its recurring revenue has increased 3.2 times year-on-year, a figure that has not yet been audited.Griffin co-founder and CEO David Jarvis stated that the company will expand its card issuance and stablecoin business: the card issuance business will support branded retail and corporate debit cards, with credit card products to be launched later; in terms of stablecoins, the company is developing reserve-related services for enterprises and advancing on-chain cross-border payment solutions.

The cryptocurrency trading platform Backpack announced that it has signed a cooperation agreement with the Japanese digital bank Minna Bank. Minna Bank is part of one of Japan's major regional bank groups, FFG. Both parties will utilize Backpack's on-chain infrastructure to explore the provision of digital banking services related to cryptocurrency assets in Japan. Backpack is positioned as a cryptocurrency trading platform and multi-chain wallet. According to RootData, the project completed a strategic financing of 20 million dollars in 2022 and will complete a Series A financing of 17 million dollars in 2024.

Charu Chanana, Chief Investment Strategist at Saxo Bank, stated that the uncertainty surrounding Nvidia may accelerate the trend of shifting towards alternative suppliers, with AMD, Broadcom, Alphabet, and Samsung Electronics potentially benefiting.The AI ecosystem faces risks such as increased debt financing, cash flow pressures from cloud services, and regulatory uncertainties. Investors should differentiate between companies that benefit from infrastructure spending and those that generate sustainable returns through AI.

According to The New York Times, German industrial robot company Agile Robots has raised $500 million in a new round of financing led by SoftBank, with investors including Nvidia, bringing its valuation to $8.5 billion. Agile Robots founder Zhaopeng Chen stated that the funds will be used for expansion in the United States, increasing production in Germany, and entering new markets, preparing for a potential IPO in the future.The company is collaborating with partners such as Google DeepMind, with total financing reaching $2 billion. Agile Robots was founded in 2018 and is dedicated to combining artificial intelligence with robotics to help factories increase productivity and reduce costs. Zhaopeng Chen mentioned that physical AI is one of the solutions for Europe to close the gap with AI in the United States and China and to revitalize its industry.

The draft of South Korea's "Basic Law on Digital Assets," expected to be announced this month, will propose that a bank-led consortium be responsible for issuing the Korean won stablecoin. However, even if banks are responsible for issuance, exchanges and third-party payment platforms may still take on the circulation link connecting consumers and merchants, making user entry points and application scenarios key to competition.It is reported that the business integration between Upbit's operator Dunamu and Naver Financial could become an important variable. If related services are approved for integration, Dunamu could generate revenue through stablecoin transactions, while Naver Financial is expected to collect fees through merchant payments and settlements. A representative from South Korea's financial regulatory authorities pointed out that if stablecoins are used for electronic payments, related businesses may need to comply with the "Electronic Financial Transactions Act," and clarify obligations regarding the protection of recharged funds and settlement funds, transaction information management, and dispute resolution.

According to Brazilian media Portal do Bitcoin, Ailton de Aquino Santos, the Director of Regulation at the Central Bank of Brazil, stated that about 30% of the applications for licenses from cryptocurrency service providers have issues with registered capital not meeting regulatory requirements, and many applying institutions have not submitted audited financial statements.The Central Bank of Brazil previously announced 120 cryptocurrency license applications, of which 119 are still under review, and 1 has been rejected. According to the new regulations, the minimum capital requirement for cryptocurrency trading and intermediary service providers can reach 37.2 million reais (approximately 7 million USD). Currently, the regulatory authority has not disclosed the list of non-compliant companies, and the 30% non-compliance ratio does not mean that the same proportion of applications will ultimately be rejected.

According to the Russian newspaper "Kommersant," Russia's PSB Bank has applied to the court to declare Igor Runets, the founder of the large cryptocurrency mining company BitRiver, personally bankrupt, seeking to recover approximately 773 million rubles.PSB stated that Runets had guaranteed loans for BitRiver's subsidiary BitRiver-B, and since the borrower failed to repay the debt on time, Runets must bear joint liability. In February of this year, Runets was placed under house arrest by the court for allegedly concealing funds or assets that could be used to recover unpaid taxes. Currently, some companies under the BitRiver group have also entered bankruptcy observation procedures.

According to the official website of Discount Bank, the bank will allow individual customers to buy, hold, and sell Bitcoin and Ethereum directly in the bank's app starting from November 26, without the need to open a separate digital wallet or overseas exchange account. This is the first time in the Israeli banking industry.The service is only available to Israeli residents who have opened a securities account and are at least 18 years old. The transaction fee is 2% of the transaction amount, and there will be no custody fees for the first six months after the launch, followed by a quarterly fee of 0.25%. The assets are custodied by Fireblocks.

According to TASS, the Central Bank of Russia stated that the Russian exchange can start cryptocurrency trading from November 22, 2026, but must first reach an agreement with regulatory authorities on trading rules. The Russian Ministry of Justice has registered the Central Bank of Russia's directive regarding organized trading requirements for digital currencies and digital rights.According to the regulations, exchanges must register participants in cryptocurrency trading such as brokers, trust managers, and central counterparties, maintain records of orders and transactions, and monitor trading. They must also calculate current prices, weighted average prices, market prices, and closing prices, and report trading information to the Central Bank of Russia in the same manner as existing other assets.Previously, the Central Bank of Russia finalized the rules for retail cryptocurrency trading, which will be implemented starting November 17.

According to Cointelegraph, Paraguay's digital bank Ueno was taken over by the central bank on November 3, leaving nearly 3 million customers (about 60% of the country's adults) unable to access their accounts.The central bank stated that its solvency ratio fell below half of the statutory minimum requirement, with investigations revealing suspicious loan operations and accounting deficiencies in credit documents. The incident triggered a political crisis, with thousands taking to the streets to protest, and President Santiago Peña attempted to resign before being impeached, later arrested on charges of breach of trust and abuse of power for personal gain.The local P2P crypto market immediately reflected the turmoil, with some sellers marking up USDt by as much as 13%; the local currency, Guarani, fell 12.3% within a week, leading some citizens to turn to stablecoins for value preservation or to maintain payments.David Eisenmann, founder of the Paraguayan crypto exchange X4T, stated that the takeover occurred just as salaries, rents, and vendor invoices were due at the beginning of the month, leaving many business owners unable to pay wages. As of November 9, the central bank reported that 93.1% of Ueno's deposit customers had been compensated.

According to The Kobeissi Letter, global central banks purchased over 321 tons of gold in the third quarter of 2026, marking the largest quarterly purchase since the fourth quarter of 2024 and the fifth largest quarterly purchase on record. The central bank's gold purchases increased by 8% compared to over 296 tons in the second quarter of 2026 and by 453% compared to the first quarter of 2026.China and Poland led the demand in the third quarter, increasing by over 63 tons and over 40 tons, respectively. As of this year, global central banks have purchased over 675 tons of gold, a 6% increase compared to the same period in 2025.

The People's Bank of China stated that it will make good use of the non-bank large redemption swap facility in the bond market to maintain the stable operation of financial markets such as stocks, bonds, and foreign exchange. The central bank will actively and prudently prevent and resolve financial risks, improve the systemic financial risk prevention and disposal mechanism, and strengthen financial risk monitoring, assessment, and early warning.

According to The Block, JPYC Inc., the issuer of the yen stablecoin, CEO Noritaka Okabe stated that as more banks face service disruptions, the demand for JPYC stablecoin will rise. Shortly before Okabe made the above remarks, Japan's GMO Aozora Net Bank suspended part of its bank API services after detecting unauthorized communications.Its parent company, GMO Internet Group, experienced a significant cybersecurity incident last month, involving ransom demands following unauthorized access to servers. JPYC is a regulated yen-pegged stablecoin, and the company registered as a money transfer service provider with Japanese authorities in October 2025.

According to market news, Deutsche Bank's custody services for German institutional and corporate clients are now online, supporting BTC, ETH, and some stablecoins like USDC under BaFin/MiCA authorization.The bank employs a multi-layer control mechanism to manage keys and plans to expand to Asia and launch tokenization services by 2027. This service aligns with its goal of achieving an 8% compound annual growth rate in corporate banking by 2028, but the initial scope is limited, not aimed at retail users, does not provide deposit guarantees, and trading functionality has not yet been confirmed.