Top 5 Crypto News of the Week! (24 - 30 November)
Dear PointPay Family,
Our latest weekly roundup is live. We selected the top 5 crypto stories shaping the market and broke them down into short, clear takeaways. Take a look and see which story stands out to you.
Texas Makes First State-Level Bitcoin Purchase
Texas has officially entered the Bitcoin market, using public funds to gain regulated exposure to the asset. The state acquired $5 million worth of shares in the BlackRock iShares Bitcoin Trust on November 20, marking the first step toward a $10 million Bitcoin reserve established earlier this year.
Officials confirmed that the ETF is a temporary measure until direct custody infrastructure is finalized. A public procurement process is expected to begin in early 2026. The initiative follows a bill passed in mid-2025, allowing the state to diversify reserves and treat Bitcoin as a long-term strategic asset.
Solo Miner Wins $265,000 Bitcoin Block
A solo miner operating through CK Pool unexpectedly secured a full Bitcoin block reward, earning roughly $265,000. Despite contributing just 0.0000007% of the network's total hashpower, the miner successfully processed a block - an extremely rare outcome with odds estimated at one in 180 million.
This marks the first CK Pool block discovery in approximately three months, and only the 308th since the pool's launch in 2014.
Bitcoin Climbs Back Above $90,000 as Market Rebounds
Bitcoin has returned above $90,000 after a week of volatility and bearish forecasts predicting a drop below $80,000. Ethereum also regained momentum, crossing the $3,000 level. Analysts describe the move as a technical rebound rather than a shift in overall market sentiment.
Market conditions remain tense, with the Fear and Greed Index holding at extreme fear levels. In the past 24 hours, over $319 million in leveraged positions were liquidated. Analysts caution that despite the short-term recovery, long-term indicators still point to uncertainty, especially as large holders continue reducing positions.
Quantum-Resistant Tokens Reach $9 Billion Market Value
The market for quantum-resistant cryptocurrencies has surged past $9.37 billion, driven by heightened interest in blockchain security and recent warnings about the future threat of quantum computing. Trading activity remains strong despite a broader market correction, with daily volume exceeding $1.5 billion.
Projects such as Zcash, Starknet, Quantum Resistant Ledger and others continue to attract capital from investors prioritizing long-term resilience. Analysts expect quantum-proof architectures to become a key development focus heading into 2026, especially as major protocols test new privacy and protection mechanisms.
US Banks Approved to Custody Ethereum as Demand Surges
US financial regulators have granted banks the authority to provide custody services for Ethereum, marking a significant milestone in institutional crypto integration. The decision allows traditional financial institutions to securely store Ethereum on behalf of clients seeking regulated access to digital assets.
The approval follows months of industry pressure and regulatory review. With interest in digital assets accelerating throughout 2024, the new framework gives banks the regulatory clarity needed to expand crypto services. Analysts view the development as a signal that blockchain assets are transitioning from speculative markets into established financial infrastructure.
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