The BSCN Debrief Immutable Chain migrates to OP Stack by mid-2027, World Liberty launches WLFI buyback program, and Algorand shelves Project King Safety indefinitely. Here's what mattered.
The Bitwise NEAR ETF, which began trading on NYSE Arca in late September 2026, has experienced net outflows following a strong debut. The fund attracted $35.5 million on its first day and reached $52.8 million in inflows by week's end. However, November 5 saw roughly $773,800 leave the fund. Cumulative inflows stand at $80.45 million, while net assets total $58.04 million.
US-listed spot XRP exchange-traded funds recorded no net inflows this week, posting three days of no activity and one day of outflows totaling roughly $530,000. The November 2 outflow came entirely from Canary Capital's XRPC fund. The decline follows a stronger period when these products brought in $4.325 million during the week ending October 30.
Immutable Chain will move from its custom Geth-based infrastructure to Optimism's OP Stack framework by mid-2027. The transition will cut block production time in half to one second and bring the network into the Optimism Superchain. Users will see their accounts, balances and contracts transferred automatically with no action required.
Arbitrum's Security Council froze over 8,400 ETH and 74.5 million ARB tokens on October 30 after tracing them to an address connected with the Binance exploit. The emergency action used a temporary contract upgrade and affected no other accounts. Binance requested the funds back on November 5, triggering a governance process expected to last seven weeks.
Ondo Finance will introduce tokenized exposure to Anthropic stock through a product called ANTon when the AI company starts public trading. The offering uses structured notes backed by actual shares, targeting non-U.S. investors who want crypto-accessible equity exposure. Holders can redeem notes at underlying asset value but receive no voting or shareholder information rights.
Zcash implemented its NU7 network upgrade at block 3,543,405, reducing target block production time from 75 seconds to 25 seconds. The change aims to speed transaction confirmations approximately three times while maintaining existing privacy capabilities. Merchants may see initial confirmations in roughly 25 seconds, while exchanges requiring three confirmations would wait about 75 seconds instead of four minutes.
The Sui Foundation has purchased more than 1.1 million SUI tokens through its ongoing buyback program, which uses revenue generated from stablecoin yield. The total has roughly doubled since early September, when the figure stood at around 609,800 tokens. The program acquires SUI daily on the open market.
Alpha Growth has started Cardano PRIME, a year-long effort to expand decentralized finance activity on the Cardano blockchain. The initiative uses 120 million ADA from the Cardano treasury, worth approximately $19.2 million when approved, to fund protocol grants, liquidity incentives and money market integrations. The plan targets raising total value locked from current levels to $290 million.
Ripple's dollar stablecoin RLUSD recorded the largest net token issuance among stablecoins in the past day, adding $34.7 million. That figure exceeded Tether's $24.2 million and M0's $22.6 million during the same period. SoFi, Jupiter Exchange and Arcus followed with smaller amounts.
A collection of honest and unfiltered insights from founders and executives at some of crypto's leading platforms.
The altcoin news and alpha you can't afford to miss...
![Cover image for BSCN Alpha Newsletter [July 11]](https://img.paragraph.com/cdn-cgi/image/width=960,height=480,quality=60,format=webp/https://storage.googleapis.com/papyrus_images/e3f342f167b9d5930e2b05bed5ea9fbb.jpg)
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.
Thanks for subscribing.