# Crypto Digest 53 (November 2025)

> Trends and innovations

**Published by:** [envelop](https://paragraph.com/@envelop/)
**Published on:** 2025-12-01
**Categories:** index, x402, mindshare
**URL:** https://paragraph.com/@envelop/crypto-digest-53-november-2025

## Content

NewsETH exceeding BTC in treasury companies (by share of supply)ETH exceeding BTC in treasury companiesCoinmarketcap index (CMC20)CoinMarketCap announced $CMC20, a DeFi-native tradable crypto index token Built in partnership with @reserveprotocol & deployed by @lista_dao, now available on @PancakeSwap & @TrustWallet. Powered by @CelerNetwork, new assets are bridged onto BNB Chain, allowing timely & easy access. CMC20 tracks the Top 20 largest cryptocurrencies by market cap (ex-stablecoins & ineligible assets), giving you broad exposure to L1s, infrastructure, DeFi, exchange tokens & more, all in just one click. Users get: Delta-neutral use casesCollateralized lendingAutomated portfolio rotationOnchain auditability One-tap diversification Zero need to self-construct portfolios.Ongoing integrations with CEXs, DEXs, Wallets, Platforms & fintech partners. • Upcoming lending & yield-generation utilities for CMC20 holders Explore the product on ReserveCoinMarketCap 20 Index DTFSourse: Dunex402 analyticsGlobal statistics for the x402 ecosystem past 30 daysTop addresses that have received x402 transfers and are listed in the Bazaar. This month leader is AgentPayWall-402: AIsa platform connects AI Agents with digital resource providers through programmable, per-call micropayments — effectively turning API, model, or GPU cycle into a machine-tradable asset.The most popular agents on x402scan is [t54] x402-secure Agent, the first risk & security intelligence to build the trust layer of x402.SantimentSubscribeTop chains by FeeReturns across traditional and digital assetsVolatility increased in October, while open interest dropped.ETF Net Flow last month: -$552.10M The net capital inflows and outflows for cryptocurrency Exchange-Traded Funds (ETFs) Total Cryptos Created last 30d are 1,308,635IndicesCMC100 falls for second month in a rowAccording Defillama, an indexes protocols' TVL is $786.58M Top 5 indexes protocols by revenue in November 2025.CeFi index is the leader by ROI last month on SoSoValue.Thanks to the growth of Telcoin ($TEL), the PayFi index is falling less than the others.PayFi index constituent currenciesCoins that are used most frequently in recently created indices on IndexyMindshareSectors & subsectors by Mindshare in November 2025, according Messari.Major Reasons for the Mindshare Spike in the AI:Record-Breaking AI Cloud Deals and Diversification by Miners. IREN Limited (NASDAQ: IREN) – the Bitcoin miner turned AI data‑center powerhouse. IREN's $9.7 Billion Microsoft Partnership: IREN's stock surged nearly 30% after announcing a five-year, $9.7 billion AI cloud hosting deal with Microsoft.Tether Commits $150M for Rumble AI Infrastructure DealMajor Reasons for the Mindshare Spike in the Perpetuals Sub-Sector:DEX perpetual trading volume reached a record $1.2T in October 2025. November 2025 marked the 14th consecutive month of growth in DEX perpetual volumes.Expansion into Real-World Asset (RWA) and Equity Perpetuals with Injective, ApeX Protocol, Hyperliquid.Crypto venture roundsAccording funding.decentralised.co Total funding: $252.3M (-41% vs prev. 30d)Number of Deals (30d): 42 (+56% vs prev. 30d)Average Deal Size (30d): $6.5M (-65% vs prev. 30d)Previous Digest

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