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Foreign tourists can convert digital assets into Thai baht and make QR payments, while Hyperliquid's open interest reached a record USD 18.1 billion.
Ripple added USD 258.2 million in stablecoin capitalization, while Binance reported covering USD 6.3 billion in losses from its October security breach.
ETH declined 4.55% to approximately USD 1,951.14 as Bitcoin fell below USD 70,000 and the broader cryptocurrency market dropped around 5.4%.
The cryptocurrency market witnessed several major developments as Thailand introduced nationwide crypto payments for foreign tourists. Meanwhile, Hyperliquid's open interest reached a record USD 18.1 billion, and Ripple led stablecoin growth with USD 258.2 million in additional market capitalization. Binance reported covering USD 6.3 billion in losses from its October security breach, and Ethereum fell below USD 2,000 amid broader cryptocurrency market selling.
Foreign tourists can now convert their digital assets into Thai baht and spend them at shops and restaurants across the country. The new WORPT payment app connects crypto wallets with Thailand's popular QR PromptPay network.
Visitors can make purchases without opening a Thai bank account, bringing crypto closer to everyday spending. The launch comes as Thailand looks for fresh ways to attract international visitors and revive tourism spending. This latest Thailand crypto initiative could turn digital asset holders into another valuable source of tourism revenue.
Hyperliquid’s open interest during the third quarter reached a record USD 18.1 billion as traders increasingly used the decentralized exchange.
According to its Q3 report released Thursday, the exchange’s share of combined Open Interest across eight leading centralized exchanges and Hyperliquid climbed to 11.7% by the end of September, compared with 9.6% in June. Average open interest also increased 46.4% quarter over quarter to USD 12.7 billion.
The expansion was primarily driven by renewed activity in Hyperliquid’s native cryptocurrency derivatives markets, as HIP-3 generated USD 262 billion in perpetual futures volume, up 23% from the previous quarter and accounting for 35.9% of the platform's matched volume.
San Francisco-based technology firm Ripple led global stablecoin growth over the past month ending November 12, 2026, after adding USD 258.2 million to the capitalization of its stable asset ecosystem.
Records published by the analytics platform Token Terminal confirm that the company outperformed direct competitors such as Open Standard and Ethena over 30 days.
This progress in issuing US dollar-pegged assets occurred alongside a constant XRP price function, the digital asset associated with the company’s ecosystem.
According to a market report, the figures reflect that the company’s stablecoin segment maintained a sustained pace of expansion despite open market volatility.
Also Read: XRP Ledger Plans Quantum-Safe Accounts Amid XRP ETF Outflows
Binance reported on Thursday that it completed the coverage of all user assets impacted by the October 29 security breach, which resulted in USD 6.3 billion in losses.
The exchange’s official statement and industry reports indicate that the reimbursement of funds was channeled through a combination of corporate balance sheet resources, insurance reserves for futures contracts, and the Secure Asset Fund for Users (SAFU).
The exchange’s management noted that the acquisition of the missing crypto assets was carried out progressively on the open market, prioritizing platform stability and the protection of user balances.
Ethereum price has fallen below USD 2,000, losing 4.55% in 24 hours as cryptocurrency markets face heavy selling, continued ETF withdrawals and fresh concerns over technology stocks.
According to CoinMarketCap, Ethereum (ETH) traded near USD 1,951.14 on Friday, November 13, while Bitcoin fell below USD 70,000. The broader crypto market declined by approximately 5.4%, leaving ETH under pressure.
The sell-off followed NVIDIA CEO Jensen Huang’s resignation, which unsettled technology stocks, while investors continued withdrawing funds from US spot Ethereum ETFs. Meanwhile, leveraged ETH positions suffered nearly USD 250 million in liquidations.
Also Read: Bitcoin Price Crashes, Crypto Liquidations Hit USD 1.4 Billion, ETF Outflows Reach USD 1.92 Billion
1. What are the latest cryptocurrency market developments on November 13, 2026?
Thailand introduced nationwide crypto payments for tourists, Hyperliquid recorded USD 18.1 billion in open interest, and Ripple led stablecoin growth. Meanwhile, Binance reported covering its security breach losses, while Ethereum declined below USD 2,000.
2. How can foreign tourists make cryptocurrency payments in Thailand?
Foreign visitors can use the WORPT payment application to convert cryptocurrencies into Thai baht and spend through Thailand's PromptPay QR network. The service allows eligible tourists to make purchases without opening a local bank account.
3. Why did Hyperliquid's open interest reach USD 18.1 billion?
According to Hyperliquid's third-quarter report, growing cryptocurrency derivatives activity pushed open interest to a record USD 18.1 billion. Its HIP-3 markets generated USD 262 billion in perpetual futures trading volume, increasing 23% quarter over quarter.
4. How much did Ripple's stablecoin market capitalization increase?
According to Token Terminal data, Ripple's stablecoin ecosystem added USD 258.2 million in market capitalization during the 30 days ending November 12, 2026. The company reportedly outperformed competitors including Open Standard and Ethena during this period.
5. Why did Ethereum fall below USD 2,000?
Ethereum declined 4.55% to approximately USD 1,951.14 amid broader cryptocurrency selling, continued spot ETF withdrawals and technology stock concerns. Nearly USD 250 million in leveraged ETH positions were liquidated, adding to market pressure.