Daily Market Wrap | Nov. 26

U.S. Bank successfully tests issuing a custom, fully reserved stablecoin on the Stellar network, aiming to enable faster, cheaper cross-border payments for its institutional clients.

Texas invests $5M in BlackRock's IBIT ETF as a placeholder for its Strategic Bitcoin Reserve, advancing toward the first U.S. state-level government crypto holdings amid rising state and federal interest.

ARK Invest adds $9.1M in Circle (CRCL) and Bullish (BLSH) shares via ARKK amid ongoing crypto stock slide.

Polymarket secures CFTC amended order for regulated U.S. return, enabling intermediated access via FCMs and brokerages to reopen to American users this November after a 2022 ban.

Robinhood forms a joint venture with Susquehanna to launch a CFTC-licensed derivatives exchange in 2026, acquiring MIAXdx to expand prediction markets amid surging demand.