The move also represents Ethereum’s largest single-day percentage jump since November 24, when it climbed 4.23%. The second-largest cryptocurrency has now advanced in three of the past four trading sessions, attempting to stabilize after a difficult month.

Despite today’s rebound, Ethereum remains down 21.72% month-to-date, putting it on track for its worst month since February 2025, when it fell nearly 33%. ETH is also down 9.68% year-to-date, reflecting ongoing market pressure following its August peak.

Ethereum is currently trading:

• 39.03% below its all-time intraday high of $4,955.23 (Aug. 24, 2025)

• 16.96% lower than a year ago

• Up 108.10% from its 52-week low of $1,387.85 (Apr. 9, 2025)

During today’s session, ETH traded as high as $3,042.60, up 3.79% at the intraday peak.

Data reflects the 5 p.m. ET price snapshot on Kraken, compiled by Dow Jones Market Data.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market and cryptocurrency investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.

The FCA said insights from the sandbox trials will help shape its approach to upcoming rules that will mandate detailed disclosures from licensed crypto exchanges operating in the United Kingdom.

New disclosure rules coming in 2026

The regulator began rolling out its broader crypto marketing and consumer-protection regime in October, introducing stricter rules for promotions aimed at retail investors. UK-based crypto firms are already required to display prominent risk warnings in marketing materials and during customer onboarding.

But the upcoming framework goes far beyond those standards. Under the new rules, expected to be finalized in the second half of 2026, exchanges will need to provide detailed information about every crypto asset they list — including risk factors, custody arrangements, fees, spreads, and the terms of any staking or yield products.

The FCA is also expected to require separate disclosure formats for:

• Unbacked cryptocurrencies
• Fiat-backed stablecoins
• Tokenized assets

Each asset will need documentation outlining risks related to issuance, custody models, and market structure.

Eunice developing standardized solution

Regulatory technology startup Eunice, admitted into the FCA sandbox, is developing a standardized disclosure system aimed at simplifying the process for exchanges and improving transparency for investors.

Eunice is working with Coinbase, Kraken, and Crypto.com to test templates that could eventually inform the core structure of the FCA’s final rulebook.

The expanded disclosure requirements are expected to significantly increase compliance burdens, with regulators acknowledging the risk of excessive paperwork unless systems are streamlined — a gap the sandbox initiative aims to address.

What investors may see

If the final regime mirrors existing frameworks used in traditional finance, detailed filings for each crypto asset will likely be paired with a one-page fact sheet summarizing key risks and information for retail investors.

According to data from The Block, US-listed spot Bitcoin ETFs recorded $129 million in net inflows on November 25, reversing a trend of continuous outflows that had pushed BTC to multi-month lows. Ethereum and Solana ETFs also posted $79 million and $58 million in inflows, indicating a selective rotation into liquid altcoins.

Analysts say the renewed ETF demand is encouraging but not yet strong enough to mark a decisive trend shift.

Timothy Misir, head of research at BRN, said the inflows offered the market “its first meaningful bid in days,” helping Bitcoin defend the $84,000–$90,000 accumulation band.

“Flows have become supportive but not yet decisive,” Misir noted, adding that on-chain stress remains elevated, with almost one-third of Bitcoin supply still underwater. He highlighted that long-term holders and institutions continue to accumulate, while most sellers are short-term participants reacting to recent volatility.

Misir also said mixed macro indicators — including a US Producer Price Index reading that met expectations — kept uncertainty around the Federal Reserve’s next move.

“Inflation data neither obliges the Fed to rush cuts nor stay rigid. Markets must price two-way outcomes this week,” he added.

Gabe Selby, head of research at Kraken-owned CF Benchmarks, said the market is witnessing Bitcoin’s “first real institutional stress test,” as ETF infrastructure amplifies both access and price discovery during downturns.

“November 2025 is tracking as the worst month ever for ETF flows,” Selby said. “But we see this as more profit-taking than panic selling. Bitcoin jumped from about $60,000 last November to nearly $126,000 earlier this year. Some investors are exiting — others, including major institutions, are doing the opposite.”

With ETF flows stabilising and long-term holders signalling confidence, analysts say Bitcoin may be forming a base — but upward momentum will depend on whether inflows can sustain in the days ahead.

Eunice provides tools for financial institutions, regulators and businesses to understand cryptoassets, tokenised assets and on-chain activity. As part of the Sandbox program, the company is working with major crypto firms including Coinbase, Crypto.com and Kraken to design and test new disclosure templates that could form the foundation of the UK’s future crypto documentation standards.

According to the FCA, the initiative is intended to ensure that consumers have access to clear and consistent information about digital assets before making a purchase. The templates developed through Eunice’s working group aim to simplify how firms meet disclosure obligations while improving investor understanding of risks.

Eunice will test the templates under real market conditions in the Sandbox. Insights from the trial will help shape the regulator’s approach ahead of the UK’s upcoming crypto disclosure requirements, expected in 2026.

Yi Luo, CEO and co-founder of Eunice, said the Sandbox provides a collaborative environment for industry and regulators to “build the foundations for a safer and smarter digital asset market,” adding that Eunice was created to bring transparency and integrity to the sector.

Colin Payne, the FCA’s head of innovation, noted that the regulator continues to support firms testing new ideas that can benefit markets and consumers. He encouraged companies developing similar solutions to apply for Sandbox participation.

The FCA’s work with Eunice follows its earlier Discussion Paper on admissions, disclosures and market-abuse frameworks for cryptoassets. As part of the regulator’s broader Crypto Roadmap, the FCA is preparing a full suite of policy publications, with final rules set to be introduced in 2026.

The regulator emphasized that clearer standards are essential for improving market integrity, strengthening consumer protection and supporting the UK’s competitiveness in the global digital asset sector.