Crypto news today includes Bitcoin fund withdrawals, a shrinking stablecoin supply and declines across several major tokens. The day’s other stories include a leadership change at Nvidia, a stablecoin launch on Polygon and a proposed stablecoin policy in Thailand.
Crypto news today market overview
Bitcoin traded at $72,288 at 14:13 UTC on November 12, down 1.79% over 24 hours and 9.05% over seven days, according to CoinGecko. Ethereum was at $2,005.38, down 2.08% in 24 hours and 16% in a week. The listed large-cap tokens were also lower over the 24-hour period.
| Asset | Price at 14:13 UTC | 24-hour change | 7-day change |
|---|---|---|---|
| Bitcoin (BTC) | $72,288 | -1.79% | -9.05% |
| Ethereum (ETH) | $2,005.38 | -2.08% | -16.00% |
| BNB | $654.16 | -3.91% | -7.77% |
| XRP | $1.027 | -2.94% | -20.84% |
| Solana (SOL) | $81.03 | -3.58% | -14.61% |
The Crypto Fear & Greed Index registered 28, classified as Fear, on November 12, according to Alternative.me. The index and the market figures describe reported conditions; they do not establish what prices will do next.
Nvidia leadership change among the day’s headlines
Jensen Huang resigned as Nvidia chief executive and board member on November 12, according to Cointelegraph. Cointelegraph reported that CFO Colette Kress will remain in her finance role while serving as interim CEO as the board searches for a permanent successor. BeInCrypto was also listed among the outlets covering the resignation.
The reported development is a change in Nvidia’s leadership. The supplied coverage does not establish a direct effect on cryptocurrency prices or blockchain activity. It also does not provide details about the timing of a permanent successor’s appointment. For crypto readers, the story is relevant as a corporate headline appearing alongside market and policy news, rather than evidence of a change in digital-asset conditions.
Bitcoin ETF outflows deepen as stablecoin supply shrinks
US spot Bitcoin ETF outflows rose to nearly $300 million on Wednesday, November 11, compared with $95 million a day earlier, according to Cointelegraph. The report put withdrawals across five sessions at $1.44 billion. Cointelegraph reported that BlackRock’s Bitcoin ETF had recorded outflows over nine sessions.
Separately, Decrypt reported that stablecoin supply fell by $14.2 billion in 30 days, its fastest contraction since June 2022, amid weak ETF demand. These are separate measures: one tracks reported ETF withdrawals, while the other describes a change in stablecoin supply. Neither report establishes what will happen to cryptocurrency prices next.
The reports describe developments in fund flows and stablecoin supply, not a single combined measure. Cointelegraph’s figures cover US spot Bitcoin ETF withdrawals over specified periods, while Decrypt’s figure covers stablecoin supply over 30 days. Keeping those timeframes and measures distinct helps avoid treating the two reports as interchangeable evidence about market direction.
SoFiUSD expands to Polygon’s payments network
SoFiUSD, described by Decrypt as the first stablecoin from a US national bank, went live on Polygon Open Money Stack. Decrypt said the token was also available on Ethereum and Solana. The reported launch adds Polygon to the networks on which SoFiUSD is available.
The available information identifies the network launch but does not provide transaction volumes, user numbers or details about redemption. Those figures would be needed to assess activity following the launch. The announcement is a payments and infrastructure development; the supplied report does not quantify its effect on usage. It is distinct from the market data and ETF flow figures discussed above.
Thailand proposes daily stablecoin limits
Thailand’s Securities and Exchange Commission would set separate daily caps for stablecoin deposits and withdrawals, according to Cointelegraph. The source headline describes a proposed $148,000 daily cap, and the report says customers would be required to use wallets they own.
The report describes a proposal, not a rule already in force. It does not establish the proposal’s final form or when it might be implemented. The reported measures concern daily stablecoin deposits and withdrawals and the use of customer-owned wallets. Readers should distinguish this proposal from enacted requirements.
Other headlines
- Hack losses: Cointelegraph reported that crypto hackers had stolen $8.7 billion so far in 2026, citing ARK research director Valente. The report said the losses surpassed projected annual onchain revenue generated across the industry. The figure is attributed to the research director, rather than presented here as an independently verified total.
- Griffin funding: Cointelegraph reported that Griffin, identified as Uber’s UK banking partner, raised $20 million in a Series B round that valued the company at more than $100 million. The funding will help fund stablecoin reserve services and onchain cross-border payments.
Crypto news today FAQ
Why are Bitcoin ETF outflows in the news today?
Cointelegraph reported nearly $300 million in US spot Bitcoin ETF withdrawals on Wednesday, November 11, and $1.44 billion across five sessions. These are reported withdrawals over those periods, not a forecast of future prices.
What does a falling stablecoin supply mean?
Decrypt reported a $14.2 billion reduction in stablecoin supply over 30 days. That figure describes the reported change in supply; the evidence provided does not establish why the supply fell or what prices will do next.
Is Thailand’s stablecoin cap already in effect?
No. Cointelegraph described separate daily limits and wallet requirements as a proposal from Thailand’s SEC. The supplied report does not say that the proposal has taken effect.
Sources
- BlackRock Bitcoin ETF outflows hit $2B over nine sessions (Cointelegraph)
- Jensen Huang resigns as NVIDIA CEO and board member (Cointelegraph)
- SoFi Brings Its Bank-Issued Stablecoin to Polygon’s Payments Stack (Decrypt)
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
