Ether ETFs Shed $184.6M in a Day as BlackRock Leads Redemptions
The latest numbers from US spot Ether exchange-traded funds are another reminder that crypto’s institutional wrappers do not always move in sync with the networks beneath them. Farside Investors reports $184.6 million of net withdrawals on Monday, November 9. BlackRock’s ETHA accounted for $119.3 million, making it the largest identifiable contributor to the day’s negative…
MARA Sells 13,597 Bitcoin for $1.1B as Its AI Pivot Reshapes Treasury Strategy
MARA has put a sizeable number on the changing economics of Bitcoin mining. In its third-quarter shareholder letter, the company said it sold 13,597 BTC after September 30 for approximately $1.1 billion, at an average selling price of about $81,039. It used $750 million of the proceeds to repay Bitcoin-collateralized loans, releasing 17,477 BTC that…
Strategy Adds 1,036 BTC While Repurchasing $188M of STRC Preferred Shares
Strategy’s newest capital-allocation update contains two transactions that point in different directions. In a November 9 filing announcement, the company said it acquired 1,036 additional Bitcoin and bought back approximately $188 million of STRC preferred shares. The first adds to exposure to BTC; the second reduces outstanding securities in its wider financing structure. TL;DR: Strategy…
Visa Adds Monad to Stablecoin Settlement Options as Institutions Seek More Rails
Visa’s growing list of blockchain settlement options reportedly has a new entrant: Monad. According to a November 10 report citing the Monad Foundation, participating Visa issuers and acquirers can now use the network for stablecoin settlement. That is a back-office financial infrastructure development, rather than a new consumer-facing Visa card that automatically makes every merchant…
Standard Chartered Expands Prime Brokerage Partnership With 24X to Cover BTC and ETH
Institutional investors will be able to access Bitcoin and Ether trading through an expanded relationship between 24X and Standard Chartered. In a November 10 announcement, 24X Bermuda said the banking group will extend its prime-brokerage role from foreign-exchange products to digital assets on 24X’s multi-asset technology platform. TL;DR: 24X says Standard Chartered is expanding its…
Charles Schwab Opens Live Solana, Avalanche and Chainlink Trading to Eligible Clients
Charles Schwab has moved three major altcoins from its expansion plan into its live crypto trading menu. The brokerage announced on November 9 that eligible Schwab Crypto clients can now trade Solana, Avalanche and Chainlink, alongside Bitcoin and Ethereum. The distinction between ‘planned’ and ‘available’ is the new milestone here. TL;DR: Schwab Crypto now supports…
Walt Launches Standalone Crypto App After Years Inside Telegram
The wallet platform that grew up inside Telegram is trying to become a destination in its own right. Walt, previously branded Wallet in Telegram, launched a standalone Android app on November 10. The company says an iOS version will follow. For the first time, customers can sign up without using Telegram, with Google and Apple…
Coinbase, Kalshi and Other Firms Back CFTC in Fight Over Stock Perpetuals
A dispute over who may regulate perpetual futures linked to individual US stocks is drawing some of crypto’s most prominent companies into federal court. Coinbase, Kalshi, Kraken parent Payward, DRW, Jump Trading and Paradigm have sought permission to support the Commodity Futures Trading Commission in litigation brought by the Capital Markets Alliance Association. Their proposed…
EU Seeks Experts to Help Set Tokenisation Standards as Financial Markets Move Onchain
TL;DR: European authorities are inviting nominations for a new Tokenisation Standards Group, with applications due on November 27. The effort is about practical coordination across the financial system, not a new approval for cryptocurrency tokens or a promise that all tokenized assets will be regulated alike. Europe is trying to solve a problem that has…
Securitize Plans River One Acquisition to Connect Stablecoin Capital With Asset-Backed Finance
TL;DR: Securitize has announced an agreement to acquire River One as it looks to connect tokenized capital with traditional asset-backed financing. The cited $6 trillion refers to the broader market opportunity, not the transaction price, and the proposed deal still needs to close. Securitize is moving from issuing and servicing tokenized assets toward a potentially…