Here’s a digest of the key highlights from the Web3 and deep tech world for November 2025.
Sam Altman Explores Deal to Compete with SpaceX
OpenAI CEO Sam Altman has publicly discussed the possibility of creating a rocket company to rival Elon Musk’s SpaceX. Altman is exploring plans to develop data centers in space, which could transform how data is managed globally and further his ambitions in space exploration.
U.S. States Build Strategic Crypto Reserves
In a notable development for the cryptocurrency landscape in the U.S., three states have officially established strategic crypto reserves:
- New Hampshire: Allocates up to 5% of state funds to cryptocurrencies, limited to assets with a market cap exceeding $500 billion.
- Arizona: Created a special reserve fund to store confiscated and unclaimed BTC.
- Texas: Launched a strategic crypto reserve with the authority to buy and hold coins indefinitely.
- Other states like Massachusetts, Ohio, and Michigan have proposed similar legislation but have not yet passed laws.
UK Recognizes Cryptocurrency as Property
The UK government has passed a landmark law officially recognizing cryptocurrency as a form of property. This legal recognition marks a significant shift for crypto adoption and could impact how digital assets are treated in legal and regulatory frameworks.
Ethereum’s Fusaka Update Activated
Ethereum’s latest upgrade, Fusaka, has been activated on the mainnet.
This update aims to enhance the network’s scalability, efficiency, and security, continuing Ethereum’s efforts to evolve and improve as a dominant blockchain platform.
Bitcoin Mining Costs Rise
According to CoinShares’ latest report, the average cost of mining 1 BTC for public miners increased to approximately $74,600 in Q2 2025. When including non-cash expenses like depreciation and employee stock payouts, the total cost rises to around $137,800 per mined BTC.
EU’s Top Banks Plan Euro-Backed Stablecoin
Ten of the largest banks in the European Union have announced plans to launch a euro-backed stablecoin by the second half of 2026. This move is set to further solidify the role of stablecoins in the European financial landscape, paving the way for more efficient and secure transactions.
🎯 Looking Ahead
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