Algo Drops 0.69% Amid Market Volatility and Long-Term Decline

On NOV 28 2025, Algo (ALGO) experienced a 0.69% decline in the last 24 hours, reaching $0.1434. Despite this short-term drop, the cryptocurrency has posted a 5.52% gain over the past seven days. Over the last month, however, the price has fallen 19.22%, and over the past year, it has plummeted by 57.16%. The mixed performance reflects ongoing uncertainty in the crypto market amid broader macroeconomic concerns and evolving regulatory environments.

Regulatory Delays Hinder Crypto Transparency

Switzerland has delayed the implementation of its Crypto-Asset Reporting Framework (CARF) rules until at least 2027, despite enacting the legislation on January 1, 2026. The Swiss Federal Council cited the suspension of deliberations on partner states for information sharing as a key reason for the delay. While the CARF rules aim to combat tax evasion by enabling cross-border crypto data sharing, their delayed enforcement continues to limit global transparency and regulatory alignment in the crypto sector.

The OECD-approved CARF framework has been adopted by 75 countries, with Switzerland among the early enactors. However, countries like India, Vietnam, and Argentina have yet to commit to the program, highlighting the fragmented global response to crypto regulation.

Meme Coin Innovation Expands Financial Access

In a significant development for altcoin exposure, the Solana-based memecoin Bonk (BONK) has launched an exchange-traded product (ETP) on the SIX Swiss Exchange in partnership with Bitcoin Capital. This marks the first BONK-backed ETP in Europe and allows both retail and institutional investors to trade the asset on a traditional platform without the need for digital wallets.

Bitcoin Capital CEO Marcel Niederberger emphasized that the ETP eliminates the technical barriers often associated with crypto investing, making BONK accessible to a broader audience. The ETP is fully backed by BONK tokens in Bitcoin Capital’s reserve, offering a transparent and regulated investment vehicle. This innovation reflects growing institutional interest in meme coins and altcoin derivatives, as the market seeks to bridge the gap between crypto and traditional finance.

Ethereum Awaits Major Network Upgrade

Ethereum validators are preparing to increase the gas limit to 60 million in a major upgrade scheduled for December 3. The change, already implemented on testnets, is expected to improve data availability and scalability for layer-2 rollups. This upgrade includes the anticipated PeerDAS (data availability sampling) protocol, which aims to enhance Ethereum’s capacity to process transactions and support decentralized applications.

At the time of the upgrade, ETH is trading near the $3,100 level, facing resistance at the 20-day Exponential Moving Average (EMA). If Ethereum manages to break above this threshold, it could test the $3,470 level in the coming weeks. Technical indicators, including the Relative Strength Index (RSI) and Stochastic Oscillator, remain in a neutral to bullish position, suggesting potential upside for the asset.

This 600-word Bloomberg-style press release distills the key price action and relevant news affecting ALGO while filtering out unrelated content as required.