Token Metrics Daily Pulse

$14B left stablecoins in 30 days. Biggest drain since June 2022. Rally fuel is running low. Today's key developments: • Stablecoins just lost $14B in 30 days, the biggest drain since June 2022. • BlackRock's IBIT has bled for nine straight sessions. Total Bitcoin ETF outflows hit $1.4B in five days. • SEC reportedly backed the CFTC in the fight over stock perps. 📰 Read the full Daily Pulse: https...

OKXICE Tokenized Stock Venue to Open Nov. 23; Circle, Coinbase, Robinhood Among 70+ Assets Today's key developments: • OKXICE will open round-the-clock stock trading on Nov 23 with more than 70 tokenized stocks and 59 ETFs. • The NYSE plans to use Avalanche for clearing and settlement on its tokenized securities platform, pending approval. • Bitcoin Core disclosed three patched flaws, including a...

Bitcoin price eyes $74k as Fed rate-hike bets hit 96% after Waller speech Today's key developments: • Binance will block transfers tied to MEXC after U.S. officials flagged the venue as a money laundering concern. • MARA paid off its $750M in Bitcoin-backed loans and approved a $500M buyback after a profitable quarter. • Coinbase, Kalshi and four others asked a judge to let single-stock perpetual...

Formation notifies SEC to operate first tokenized securities venue on Solana Today's key developments: • Formation notified the SEC that it plans to operate the first tokenized securities venue on Solana. • Coinbase won final OCC approval for its Coinbase National Trust Company charter. It joins Circle and Ripple with a federal trust charter. • FinCEN and the Fed withdrew a plan that would have wr...

FinCEN just cut MEXC Global off from the US financial system. The Treasury cited $16B in alleged transactions tied to Iran, North Korea, and Russia. MEXC is a top-20 exchange by volume. US banks must now stop processing any transfers involving it. Today's key developments: • FinCEN just issued a rare "special measure" order against MEXC Global. The order cuts the top-20 exchange off from the US fi...

Friday: Bitcoin holds $75K as AI regulation fears see KOSPI halted after 8% crash Today's key developments: • Tuesday: France scrapped its proposed crypto exit tax. The National Assembly postponed the 2027 budget vote for the second time. A November 17 deadline for the first reading is now approaching. • Thursday: Democratic sweep of Congress forces crypto industry to rethink Washington strategy •...

Bitcoin holds $75K as AI regulation fears see KOSPI halted after 8% crash Today's key developments: • Bitcoin held $75k as Korea halted KOSPI trading after an 8% crash on AI rule fears. • Solana had a Shanghai event halted over unauthorized promotion, per a central bank official report. • Nigeria will license stablecoins and ban algorithmic versions under new central bank rules. 📰 Read the full D...

Democratic sweep of Congress forces crypto industry to rethink Washington strategy Today's key developments: • Democrats swept Congress, forcing crypto to rewrite its Washington playbook. • Michael Saylor's Strategy raised about $5.4B in stock sales but added only about $588M in Bitcoin. • Schroders tokenized an emerging-markets debt strategy with Centrifuge in its Solana debut. 📰 Read the full D...

US midterm elections 2026 as it happened: Democrats win control of Congress Today's key developments: • Democrats won both the House and Senate in Tuesday's midterms. Analysts are now asking what a blue Congress means for crypto law. That law had been moving under the prior split. • Bitcoin ETFs shed $1.2B in the most recent reporting period. Bitwise analyst André Dragosch called the selling short...

ARK Invest bought $17M in crypto stocks on a down day. Coinbase and Circle got bigger. Bullish got trimmed. Cathie Wood is leaning in. Today's key developments: • ARK Invest bought $17M in crypto-adjacent stocks on a down day. It added to Coinbase and Circle while trimming its Bullish position by about $8M. • Bitcoin is breaking a midterm election pattern that held every two years going back to 20...

tZERO Signs $350 Million SPAC Deal With FG Imperii, Ties $12.5 Million to Derivatives Goals Today's key developments: • The merger's earnout puts 2.5M shares on the line, with half tied to tZERO's derivatives business and a CFTC exchange application still pending. • Strive bought another $10M in Bitcoin and closed in on second place among public holders. • Mercado Bitcoin, Brazil's largest exchang...

Tuesday: Ripple won final OCC approval for Ripple National Trust Bank to hold reserves behind $2.6B RLUSD. Today's key developments: • Tuesday: Binance filed for a Brazil license. Friday is the deadline. 22 assets face delisting. • Tuesday: Bitcoin slipped below $80k as the Fed meeting began and crypto skipped the Asian tech rally. • Tuesday: US spot Bitcoin ETFs added back $110M after a $774M exi...

Tether made $1.5B in Q3. Reserves nearly doubled to $8B. Bitcoin stash sits at $8.4B. Today's key developments: • Tether posted $1.5B in Q3 profit as excess reserves nearly doubled to $8B. • Strategy fixed its preferred-stock overhang to restart Bitcoin buying, analysts say. • KuCoin cut off all products for users in Russia and Belarus effective immediately. 📰 Read the full Daily Pulse: https://p...

Strategy Sold 5,552 Bitcoin and Bought 7,218 in Q3 as a $21B Markup Drove Profit Today's key developments: • Strategy's CFO Andrew Kang is leaving November 5 as the company reported a record quarterly operating profit of $21B - driven entirely by marking up the value of its Bitcoin holdings. The company sold 5,552 BTC and bought 7,218 in Q3, ending the quarter with a net add. MSTR stock fell 6%. •...

NYSE owner ICE wants US Hyperliquid perps. Stan Druckenmiller is backing it. CFTC approval is next. Today's key developments: • NYSE owner ICE wants to bring Hyperliquid perps to the US with trade.xyz, pending CFTC sign-off. • Hedge funds left the Bitcoin ETF trade as sovereign wealth stepped in, while Bitcoin sits back under $84k-85K. • Kalshi and co-founders Tarek Mansour and Luana Lopes Lara fa...

Binance filed for a Brazil license. Friday is the deadline. 22 assets face delisting. Today's key developments: • Binance filed for a Brazil crypto license ahead of Friday's deadline while cutting 22 tokens for local users. • Ripple won final OCC approval for Ripple National Trust Bank to hold reserves behind $2.6B RLUSD. • Bitcoin slipped below $80k as the Fed meeting began and crypto skipped the...

Bitcoin volatility nears 2026 lows as traders brace for Fed decision and US midterms Today's key developments: • Bitcoin is pinned near $83k in a low-volatility coil, with traders watching the Fed decision and US midterms for the first real range break. • Regulators issued the first final GENIUS Act stablecoin rule to take effect in January. • Zcash jumped about 13% to near $1.3k as developers loc...

BlackRock filed a new Bitcoin fund. Upside capped. Downside floored at 10%. Today's key developments: • BlackRock filed for a new Bitcoin fund that caps gains to hold starting losses to about 10% using options on IBIT. • French lawmakers voted to tax crypto to stablecoin swaps at 31% starting in January 2027, ending a deferral for compliant stablecoins. • BlackRock IBIT drew about $665M in a day,...

Thursday: Starknet just opened a vote to quit Ethereum. It cites quantum risk. STRK holders decide next. Today's key developments: • Wednesday: Interactive Brokers added staking. Clients earn on Ethereum. Yield hits mainstream brokerages. • Wednesday: Coinbase says Bitcoin needs flexible designs for a post-quantum move. • Monday: FSB flags stablecoin crisis gaps. Rules untested in severe stress. C...

Circle details USDC revenue split, says $819M went to partners and costs in H1 2026 Today's key developments: • Circle CEO Jeremy Allaire detailed the USDC split: $819M went to partners and costs in H1 2026. • Circle plans to enter about 40 developing markets as stablecoin demand grows. • Coinbase will power stablecoin-backed cards for Marqeta customers. 📰 Read the full Daily Pulse: https://pulse...

Visa Direct moves USDC prefunding into commercial production with Inyo Global Today's key developments: • Visa moved USDC prefunding into live production with Inyo Global. • Strategy and Metaplanet face possible exit from MSCI indexes under a new test. • Circle targets 40 new markets as demand for dollar payments grows. 📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/visa-direct-mov...

Starknet just opened a vote to quit Ethereum. It cites quantum risk. STRK holders decide next. Today's key developments: • Starknet opened a vote on whether to explore leaving Ethereum to become an independent post-quantum L1. • Bitcoin sank to about $81k after September CPI came in at 3.7% and Korea's Kospi closed about 8% lower. • The EBA named Circle's USDC as the EU's first significant e-money...

Interactive Brokers added staking. Clients earn on Ethereum. Yield hits mainstream brokerages. Today's key developments: • Interactive Brokers added Ethereum staking for clients through Zerohash. • Coinbase says Bitcoin needs flexible designs for a post-quantum move. • Evernorth hired Ripple, Kraken, Coinbase and BitGo to put its $648M XRP stash to work. 📰 Read the full Daily Pulse: https://pulse...

Bitcoin flushed to $81k. Then ripped back to $84k. $771M in bets got wiped. Today's key developments: • Bitcoin slid below $82k as crypto liquidations surged past $770M. • South Korea moved to block 27 unregistered crypto exchanges, including KuCoin and BitMart. • A UK court ruled Chinese law governs claims to 61,000 seized Bitcoin worth about $5B. 📰 Read the full Daily Pulse: https://pulse.token...

FSB flags stablecoin crisis gaps. Rules untested in severe stress. Cross-border sharing must improve. Today's key developments: • FSB says global stablecoin rules remain untested for a severe crisis and calls for cross-border info sharing. • Standard Chartered launched custody for Ripple USD on XRP Ledger and plans to let funds use it as trading collateral. • Jeonbuk Bank in South Korea started Bi...