The BSCN Debrief The Office of the Comptroller of the Currency granted Coinbase a national trust bank charter on November 6, completing a process that began with conditional approval in April. The authorization allows Coinbase National Trust Company to operate institutional cryptocurrency custody services under federal banking oversight rather than relying solely on state licensing.
Ripple's engineering director Vijay Khanna announced plans for performance enhancements to the XRP Ledger in 2027, though he provided no specifics on throughput goals or timing. The announcement follows recent comparisons between the network's roughly 1,500 transactions per second and commercial payment systems like Visa.
The Open Network recorded 714,844 self-custodial wallet registrations over 48 hours through Telegram's messaging platform, Telegram founder Pavel Durov confirmed on November 9. The wallets are generated automatically when users receive GRAM tokens via peer-to-peer transfers, eliminating the need to download separate applications or initially handle seed phrases.
The New York Stock Exchange will use Avalanche technology to handle clearing and settlement for its planned tokenized securities trading system. While the NYSE's existing Pillar engine will continue matching orders, Avalanche will record the actual transfer of tokenized shares and cash, replacing traditional multi-day clearing with instant blockchain settlement. The platform has not yet launched and awaits regulatory approval.
Charles Schwab has added spot trading for Solana, Avalanche and Chainlink to its Schwab Crypto service. The brokerage now offers five digital assets in total, including Bitcoin and Ethereum. The platform charges 75 basis points per trade and is available to customers in all states except New York and Louisiana.
The New York Stock Exchange taps a public blockchain for settlement, Binance France shuts down under MiCA, and the Labor Department moves crypto closer to 401(k)s. Here's what mattered.
Pudgy Penguins introduced Flake Finder, a no-cost service that scans blockchain wallets for abandoned cryptocurrency. Users submit a public wallet address to check for small token amounts and inactive holdings across different networks. The service was created by The Huddle community and operates without requiring wallet connections or private information.
Spot Chainlink exchange-traded funds in the United States recorded net withdrawals of $1.06 million on November 6, ending a streak of four sessions with no movement. All of the outflow came from the Grayscale Chainlink Trust ETF, while the Bitwise product saw no activity. The two funds together hold $189.55 million in assets, representing 2.29% of the token's total market value.
The Kaspa network reached its fifth year of operation on November 7, having launched in 2021. The proof-of-work blockchain has processed 2.443 billion transactions across 587 million blocks and registered 569,000 wallet addresses since going live. The project had no premine or insider sales at launch.
Solana secured two institutional integrations this week. Bullish, a NYSE-listed firm, selected Solana alongside Aptos and Ethereum for its equity tokenization platform on November 3. The company previously tokenized its own shares on Solana and demonstrated a 61 million share transfer at the New York Stock Exchange. Separately, Samsung Wallet launched USDC support on Solana for eligible U.S. Galaxy users.
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Strategy, BlackRock, and Fidelity pledge $15M to secure Bitcoin's codebase, the EU targets 14 crypto exchanges in its 21st Russia sanctions package, and Circle floods Solana with fresh stablecoin liquidity. Here's the week.
The BSCN Debrief: a daily newsletter from BSC News, recapping the most important crypto stories of the past 24 hours, plus quick briefs on the day's top articles.
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