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Breaking News
Cross River Bank Builds Commercial Loan Tokenization Platform on Arbitrum One With Offchain Labs
Cross River Bank is moving part of its commercial lending business onto blockchain infrastructure.
The New Jersey bank has built a loan tokenization and servicing platform on Arbitrum One with Offchain Labs.
BlackRock ETF Wallets Move $702 Million in Bitcoin and Ether to Coinbase Prime
Blockchain surveillance data shows that wallets linked to BlackRock's crypto exchange-traded funds sent about $702.25 million in digital assets to Coinbase Prime.
Ripple's RLUSD Stablecoin Records $128.6 Million Inflows as Supply Passes $2.5 Billion
Ripple's RLUSD stablecoin has recorded $128.6 million in inflows over the past 24 hours, the strongest daily gain among major stablecoins by that measure. The increase has lifted the circulating supply of Ripple USD above $2.5 billion.
Solana (SOL) Reaches 1,000 Days Without a Network-Wide Halt After February 2024 Outage
Solana has gone 1,000 consecutive days without a network-wide halt, a milestone for a blockchain that was once known for frequent outages.
What the Markets Think
Will Bitcoin dip below $70,000 in November 2026?: 49%. Bitcoin is trading near $77,000 today, and prediction market traders are pricing a coin flip on whether it touches $70K before the month ends.
Which party wins the 2028 Presidential Election?: Democrats 67%, Republicans 33%. That's a sharp tilt toward Democrats, happening the same week a K Street survey found only 27% expect Congress to pass crypto's CLARITY Act before 2028.
Will JD Vance win the 2028 Presidential Election?: 19%. The Vice President leads the overall 2028 presidential market, ahead of Marco Rubio at 10% and Gavin Newsom in the single digits.
The Big Story
Changpeng Zhao Urges US and China to Press North Korea on Binance Hack Recovery
Former Binance CEO Changpeng Zhao, known as CZ, has called on the United States and China to open diplomatic channels with North Korea to help recover assets stolen in the Binance hack. He also denied having any behind-the-scenes contact with President Donald Trump or other American officials.
The comments came as Binance confirmed it has allocated all funds needed to cover the $6.3 billion theft from its own balance sheet.
Binance says the exchange has allocated all the funds needed to cover the $6.3 billion stolen in last week's hack, and that only conversions into smaller, less liquid tokens remain.
Top Stories
Vitalik Buterin Warns at Devcon 8 That AI Security Is Drifting Toward Domination
Ethereum co-founder Vitalik Buterin has warned that the world is moving toward a dangerous model of artificial intelligence security.
The remarks came during his Devcon 8 address in Mumbai, where Buterin argued that current AI development paths risk concentrating control rather than distributing it.
K Street Survey Finds Only 27% Expect Congress to Pass CLARITY Act Before 2028
Only 27% of K Street leaders believe Congress will pass the CLARITY Act, the US crypto market structure bill, before 2028, according to the latest Canvass survey from Punchbowl News. A larger group, 48%, said it was unlikely the bill would advance.
The survey points to low expectations among Washington lobbyists for crypto legislation in the current Congress.
Consensys has introduced Sovereign Network Interoperability, a technology stack that lets banks, custodians and fund managers settle transactions with counterparties on other blockchain ledgers. The product was unveiled at Devcon in Mumbai.
Assets stay on their home ledgers, and each step is verified with cryptographic proofs rather than a trusted intermediary.
Deep Dive of the Week
How Did BabyDoge Grow From a Tribute Token Into a Community Brand?
Baby Doge Coin launched as a Dogecoin tribute token but evolved into a community brand through charity work, product launches, and strategic acquisitions. The project began on BNB Chain in June 2021 and has since added utility products and expanded beyond its meme roots. This deep dive traces the decisions that turned a derivative token into a recognizable crypto brand with staying power.
By the Numbers
$2.4 million:
NEAR Intents generated a record $2.4 million in revenue during October on $3.9 billion in swap volume
, marking its strongest monthly performance since launch.
174,100 APT:
Aptos has burned 174,100 APT tokens over the past 30 days, with cumulative burns nearing 2 million since mainnet launch.
$125 million:
Aave V4 deposits on Avalanche have passed $125 million to reach a record high for the protocol's deployment on that chain.
7,934 wallets:
XRP Ledger recorded 7,934 new wallets on November 1
, the sixth-highest single-day total in network history as XRP trades near $1.25.
$499.6 billion:
Aero, the decentralized exchange formed by the merger of Aerodrome and Velodrome, is close to passing $500 billion in cumulative trading volume, eleven days after the two protocols combined.
40 applicants:
Far fewer crypto companies than expected applied for an operating license from Brazil's central bank before the application window closed. Only about 40 companies submitted applications by the October 30 deadline for virtual asset service provider (VASP) licenses, far below earlier expectations that 150 to 200 firms would apply.
On Our Radar
Storm Trade volume:
Storm Trade, a perpetual futures decentralized exchange on the TON Blockchain, has driven a sharp rise in perps trading volume, pushing TON perps above $100 million in one week.
Atlas beta launch:
Atlas has opened its Beta Public Mainnet, bringing a perpetual futures exchange to Cardano.
Sei Labs research:
Researchers from Sei Labs and Anza, the team behind Solana's validator software, have compared 39 different multiple concurrent proposer (MCP) blockchain designs in a new technical paper.
Ondo MAG7X:
Ondo Finance has launched MAG7X, an index token that bundles the seven largest US technology companies with BlackRock's Bitcoin and Ethereum crypto exchange-traded funds.
Until tomorrow.