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BSCN Debrief: Coinbase Warns Bitcoin on Quantum Threats

Coinbase says Bitcoin needs years to quantum-proof its code, Ripple mints another $19.6M RLUSD as Standard Chartered plans custody, and Blur shuts down days after Blast. Here's what mattered.

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BSCN Debrief: Coinbase Warns Bitcoin on Quantum Threats

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Breaking News

Coinbase Warns Bitcoin Must Prepare For Quantum Threats

Coinbase has outlined its priorities for Bitcoin's post-quantum migration, warning that preparations could take years and affect every layer of the stack.

Blur follows Blast in closing up shop

Blur, the Ethereum NFT marketplace, will deprecate its frontend on November 12, just days after Blast announced plans to wind down.

Ripple's RLUSD Sees Fresh Mints as Institutional Trading Plans Advance

Ripple has minted another 19.6 million RLUSD on Ethereum, bringing two recent mints to $38.6 million, as Standard Chartered confirms plans to custody the stablecoin for institutional clients.

61,000 Bitcoin Fortune Hangs On UK Court Ruling

The UK High Court has ruled that Chinese law must apply to determine ownership rights in a case involving 61,000 seized Bitcoin, worth roughly $5 billion at current prices.

The Big Story

Cardano launches new company and tokenises it on $ADA

The Cardano Foundation has launched Veridian, its digital identity spin-out, and tokenised shares in the new company on Cardano. The announcement represents one of the first uses of CIP-0113, Cardano's new standard for onchain equity. Veridian's shares were issued as native tokens, giving shareholders direct onchain ownership and bypassing traditional securities infrastructure. The foundation says the model is designed to show how blockchains can host regulated equity from day one.

Top Stories

Robinhood Chain's first 100 days, by the numbers

Robinhood Chain passed its 100-day mark last week, and Robinhood says more than 190 Stock Tokens are now live on the network. According to the company, those tokens are held by over 200,000 people in more than 120 countries and have generated over $15 billion in decentralized exchange volume. The Layer 2 network also recently crossed $1 billion in total value locked.

Story Protocol, now DATA Network, is leaving its own chain behind

DATA Network, the project formerly known as Story Protocol, plans to retire its independent blockchain and rebuild as a protocol running natively on Sui. The Sui Foundation is backing the migration with a $30 million investment. Existing IP tokens will migrate one-to-one to Sui, and the team says the move will give it access to Sui's throughput and developer tools without the overhead of maintaining a standalone chain.

Ledger Uncovers Hidden Spy Implants in Hardware Wallets

Ledger says hardware wallets sold by the Southeast Asian reseller CryptoBilis were modified to capture users' recovery phrases and send them to attackers over a cellular network. The company says the secure chip and the transaction signing process were not affected, but the implants could still expose seed phrases. Ledger is urging anyone who purchased a device from CryptoBilis to stop using it immediately.

Deep Dive of the Week

Who Are The "LINK Marines"? Inside Chainlink's Fan Base

The LINK Marines are the most committed holders and supporters of Chainlink's LINK token. The group took shape on 4chan's /biz/ board around 2017 and has since become one of crypto's most recognizable communities, known for conviction, memes, and a relentless focus on real-world oracle adoption.

By the Numbers

72%: Polymarket traders assign Bitcoin this probability of slipping to $80,000 in October, reflecting caution on near-term downside.

$3B: Ondo now manages about $3 billion in tokenized US Treasuries, more than any other platform listed on rwa.xyz.

$100B: Robinhood Chain has now seen $100 billion in total trading on decentralized exchanges across its Layer 2 network.

180,000: Arguspad, the dominant token launchpad on Circle's Arc network, has passed 180,000 token launches since going live.

5 billion: Sui Network has passed 5 billion total transactions, a milestone for the Layer 1 blockchain developed by Mysten Labs.

529K CAKE: PancakeSwap destroyed 529,000 CAKE tokens over the past week, while new emissions came to roughly 150,000 tokens.

On Our Radar

South Korea blocks 27 exchanges: South Korea has ordered domestic access restrictions on 27 unregistered overseas crypto exchanges, including KuCoin, MEXC and BingX, extending an existing crackdown from mobile apps to websites.

Strategy's latest Bitcoin buy: Michael Saylor's Strategy now holds 848,250 Bitcoin after adding just 250 BTC in its latest purchase, the smallest in recent memory and a notable departure from the company's usual multi-thousand-coin buys.

CME lists UNI futures: CME Group is set to add futures on Uniswap's native token, UNI, on October 19, a move that would give institutional traders a regulated route to the leading decentralized exchange protocol.

Binance shuts down mining pool: Binance will shut down Binance Pool and related services on November 10, 2026, taking down Cloud Mining, Pool Savings and Transaction Accelerator along with it.

Until Friday.

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