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Breaking News
Democrats Win Senate and House in 2026 Midterms, Putting CLARITY Act and Trump Crypto Agenda at Risk
Democrats have won control of both chambers of Congress in the 2026 midterm elections, leaving President Trump to face an opposition-led House and Senate for his final two years in office and complicating the outlook for US crypto legislation, particularly the CLARITY Act.
Moscow Exchange to Launch Bitcoin, Ether and USDT Trading on December 1
Moscow Exchange plans to open trading in Bitcoin, Ether and USDT on December 1, marking a significant expansion of crypto access in Russia's regulated financial infrastructure.
Binance Details $6.3 Billion Hack: Fake Job Interviews, Malware and Internal AI Tool Abuse
Binance has published a preliminary account of the October 29 attack that affected about $6.34 billion in digital assets, tracing the breach to fake recruitment interviews, malicious software and an internal AI tool, with preparations beginning as early as June.
SEC Staff Grants Canton Coin (CC) No-Action Relief Over Programmatic Token Issuance
The US Securities and Exchange Commission's Division of Corporation Finance has issued a no-action letter for Canton Coin, the native token of the Canton Network, providing regulatory clarity for its programmatic issuance model.
What the Markets Think
Will Trump be impeached by January 2027? 18% odds. With Democrats now controlling both chambers, the market is pricing in roughly one-in-five chances of another impeachment push before the end of his term.
Will the CLARITY Act pass in 2026? 12% odds. The midterm results have tanked the bill's chances, turning what looked like a 2026 legislative priority into a long shot.
Will Russia adopt Bitcoin as legal tender by 2027? 8% odds. The Moscow Exchange listing announcement hasn't moved the needle much, but it's the clearest regulatory signal yet from the Kremlin.
The Big Story
CFTC Allows Equity Perpetual Futures on Individual Stocks to Trade on US Exchanges
The US Commodity Futures Trading Commission has cleared perpetual futures contracts on individual stocks to trade on US exchanges for the first time. The move follows closer coordination with the Securities and Exchange Commission, led by CFTC Chairman Michael Selig and SEC Chair Paul Atkins. Perpetual futures have become a core product in crypto markets, where they account for the majority of derivatives volume, but they have not been available on regulated US equity venues until now. The decision opens a path for traditional exchanges to offer the same leveraged, no-expiry contracts that have defined crypto trading infrastructure.
Top Stories
Dfinity founder Dominic Williams is promoting the Internet Computer's custody technology to crypto exchanges, arguing the current wave of attacks on trading platforms shows the need for a different security model. Williams pointed to the Binance breach and other recent incidents as evidence that centralized hot wallet infrastructure remains vulnerable. ICP's chain-key cryptography eliminates the need for private keys stored on servers, instead distributing signing authority across the network's subnet nodes.
THORChain Restores Swaps on 10 of 13 Networks as RUNE Rises 13.7%
THORChain has restored swaps on most of its supported networks after a weekend halt, and its RUNE token has risen about 13.7% in the past 24 hours. The protocol paused cross-chain swaps following an Ethereum chain reorganization that triggered risk controls. Ten of 13 networks are back online, with Bitcoin, Ethereum and Bitcoin Cash still offline pending further validation.
Stellar Launches Protocol 30 Bell on Testnet With Post-Quantum Smart Contract Signatures
Stellar has launched Protocol 30, known as Bell, on testnet. Validators are due to vote on mainnet activation on November 23, with XLM token holders also weighing in through an advisory vote. The upgrade introduces post-quantum signature support for smart contracts, using SPHINCS+ to protect against future quantum computing threats, along with performance improvements to transaction processing and fee structures.
Deep Dive of the Week
How is Argus Different From Pump.fun-Style Launchpads?
Argus differs from Pump.fun in three main ways: it has no separate bonding curve contract, no migration step, and taxes that each creator fixes at launch. Every token launches straight into a Uniswap v4 pool on Arc, Circle's Ethereum Layer 2, avoiding the two-stage liquidity model that defines most meme launchpads.
By the Numbers
2,147: The number of wallets holding at least 1 million XRP, the highest count recorded in 2026, according to blockchain analytics platform Santiment.
$0.00213: The 30-day low for transaction fees on Sei Network, a rate at which a single dollar can process about 117 transactions.
131.63 million ADA: The amount of Cardano tokens still delegated to retired stake pools, according to Cexplorer data, suggesting thousands of holders may need to re-delegate.
365,000 CAKE: The amount of PancakeSwap tokens burned over the past week, worth about $690,000, a 27% increase on the previous period.
$40 trillion: The combined value of Asian stock markets now covered by Chainlink's expanded APAC Equities Streams, spanning China, Japan, South Korea, Taiwan and Hong Kong.
1.6%: The new maximum annual token issuance rate for NEAR Protocol, down from the previous cap, after approval by the network's House of Stake governance body.
On Our Radar
Andy Barr wins Kentucky Senate seat: The Republican House member, a vocal supporter of the CLARITY Act, defeated his Democratic opponent to claim the open seat, though the GOP's loss of both chambers limits his ability to advance crypto legislation in the near term.
Societe Generale accepts tokenized Treasuries as collateral: The French bank took $10 million in tokenized US Treasuries as collateral on Canton Network in a test of how traditional finance can use blockchain-based assets in lending and derivatives.
Ondo Finance switches on continuous pricing for USDY: The tokenized Treasury product now updates its price in real time rather than once a day, bringing it closer to the behavior of stablecoins and money market funds.
Tampa Bay Lightning launch blockchain fan rewards on Avalanche: The NHL team is bringing its Bolts Rewards program onto the AVAX blockchain, allowing fans to earn tokens for attending games and engaging with team content.
Until tomorrow.