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.
