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The three major U.S. stock indices closed higher today. - S&P 500: +2.34% - Nasdaq: +2.74% - Dow Jones: +2.15%

Bitcoin’s market reaction to the large-scale Binance hack was relatively limited compared with past crises, Fitch Ratings said. Fitch said roughly $6.3 billion was stolen across multiple blockchains in the Binance hack, which it described as the largest hacking incident in the crypto industry to date. Despite the scale of the theft and Binance’s temporary suspension of withdrawals and trading, Bitcoin fell only about 6% in the 10 hours after the initial report. By comparison, Bitcoin dropped 35% in a single day during the early stage of the COVID-19 pandemic in March 2020, 14% during the 2022 FTX collapse, and 21% during the 2015 Bitstamp hack. The report said the limited market shock may reflect a maturing and more diversified crypto trading market. As the Bitcoin trading ecosystem has broadened, dependence on any single exchange has declined, Fitch said.

The Graph said it is supporting the newly launched Elysium from its first day of operation with Substreams, which was developed by StreamingFast. Elysium streams internal calls, native HYPE balance changes and storage write data in extended block form from the genesis block, and does not use RPC polling in a 100-millisecond block environment.

Super League, the U.S. Bitcoin asset management subsidiary of Japan’s Metaplanet, has bought an additional 16 BTC, bringing its total holdings to 31 BTC, according to BitcoinTreasuries.

Hunter Biden, the son of former U.S. President Joe Biden, said on X that 5.5% of LAPTOP’s total token supply was burned after Democrats won the House and Senate. He explained the burn was triggered after two of the 30 prediction conditions set at the token’s launch were met: a Democratic victory in the 2026 U.S. House election and a Democratic victory in the Senate election. Hunter Biden added the latest burn raised LAPTOP’s cumulative burned supply to 17.65% of the total. According to CoinMarketCap, LAPTOP was trading at $0.03491, down 12.17%.

Layer-1 blockchain Enjin said the Enjin Relaychain was upgraded to runtime v1.8.0 at block height 18,059,101 under on-chain referendum No. 16. It said the move marks the first phase of the Fort Canning upgrade, while the Matrixchain upgrade is scheduled for Nov. 16.

Robinhood said it does not oppose the trading of its stock on the tokenized equities platform being developed by Intercontinental Exchange (ICE) and OKX, CoinDesk reported. That makes Robinhood the third company, after Securitize and BitGo, to support the tokenization of its shares on OKXICE. Robinhood said tokenization is "the future of financial markets" and that, rather than standing by, it would help build the market. Of the 62 companies originally proposed for listing on the platform, 56 have so far expressed opposition.

Bitcoin could fall to around $65,000 if weakness in AI and semiconductor stocks triggers broad portfolio liquidations, Russell Thompson, chief investment officer at digital asset investment firm Hilbert Group, said, according to Crypto Briefing. Thompson identified $72,800 as Bitcoin’s initial support level, the area around $72,700 as moving-average support, and $71,900 as a key trend line. He said $65,000 could become an important support level if Bitcoin falls below $71,900, while technical support near the psychologically important $70,000 level would be limited. Thompson added, "However, the pullback from AI and tech stocks will ultimately bring a recovery to the crypto market. Bitcoin’s previous peak coincided with a period when capital moved from crypto into AI, semiconductors and tech stocks. As investors unwind those positions, some of that money could return to crypto. In the short term, market conditions are unfavorable, but Bitcoin could still surge before year-end."

DeFi lending platform World Liberty Financial (WLFI) said it plans to carry out a WLFI buyback on Aster through a designated wallet. The company said the buyback is intended to strengthen active governance participation among its long-term holder community, and funding could come from multiple sources. It added that a substantial portion of total USD1 revenue is paid to partners and service providers, while funds available for buybacks from USD1-related revenue depend on the amount remaining after partner distributions, direct costs and other required expenses. World Liberty Financial said the timing, size and execution of any buyback will be determined based on available funds, applicable requirements and an assessment of the impact on governance participation, and may be changed, suspended or discontinued at any time.

Former Ethereum core developer Nixo has filed a lawsuit against the Ethereum Foundation and founder Vitalik Buterin, The Block reported. Nixo claimed internal foundation guidelines included a "suicide pledge" and said Nixo was fired after disclosing a cancer diagnosis. According to the report, the pledge said source code documents must always be made available for free and that if a signatory failed to comply or modified or deleted part of the license, the signatory would have to take their own life. The foundation had previously said the disputed wording reflected a cultural context and did not literally require such an act. Nixo nonetheless stressed the wording appeared in an official document laying out the foundation's long-term operating principles, and said employees had asked for it to be removed but it remained in the final document.

Solid Intel said Ethersphere’s "bee-js" npm package and the Swarm desktop app were compromised in a hacking attack, with malware distributed to steal cryptocurrency wallets.

Cross-chain interoperability protocol THORChain (RUNE) said it has resumed a feature that lets users swap assets without connecting a wallet. The feature is available from any wallet, including those that do not support THORChain, and requires only a standard transfer without a smart contract approval signature. THORChain added that private keys do not leave the wallet.

The Nasdaq’s intraday gain widened to as much as 2.66% in U.S. stock trading. The S&P 500 was up 2.28%, while the Dow Jones was higher by 2.06%.

Blockchain oracle project Tellor (TRB) said it plans to upgrade its mainnet at around 2:00 p.m. UTC on Nov. 13.

Qivalis, a banking consortium made up of 37 major financial institutions across 15 European countries, has obtained an Electronic Money Institution license from the Dutch central bank and is moving to issue a euro-denominated stablecoin, according to Ripple. The license means the consortium has met key regulatory requirements under the EU’s Markets in Crypto-Assets regulation, or MiCA. After a white paper review by the Dutch central bank, Qivalis plans to launch the stablecoin within months. The stablecoin will be backed one-to-one by the euro and is intended for institutional investor payment and settlement services, as well as tokenized asset trading. Member firms in the Qivalis consortium use Ripple Custody, Ripple said.

Asset manager Bitwise deposited 73,170 HYPE, worth about $5.45 million, to crypto market maker Cumberland, according to Onchain Lens. Onchain Lens said the transfer may have been intended for a sale.

Delays in U.S. crypto legislation may accelerate tokenization companies’ expansion into overseas markets such as Europe and the United Arab Emirates, Crypto Briefing reported. Edwin Mata, co-founder and CEO of tokenization platform Brickken, said the U.S. remains a key market with deep capital markets and a strong institutional investor base, but prolonged regulatory uncertainty could prompt companies to prioritize investment in other regions. Mata added that the Democratic Party’s control of Congress has made passage of the CLARITY Act more uncertain, while the UAE, where communication between regulators and companies is active, and Europe, which has an established crypto regulatory framework, could be the main beneficiaries. Singapore and Hong Kong are also expected to benefit as institutional investor activity expands, he said.

Tokenized stock supply on the Solana network has reached a record $1.28 billion, Cointelegraph reported.

A Bitcoin block containing the second-highest number of transactions on record was mined with only about $180 in fees, CoinDesk reported. According to mempool.space data, mining pool AntPool mined block 974,961 on Nov. 7 with 11,255 transactions. That was the second-highest total ever, behind the record 12,239 transactions set in August 2015. The block generated just 0.00240533 BTC in transaction fees, or about $180. CoinDesk said some transactions were processed at fees below Bitcoin Core’s default relay fee threshold of 0.1 sat/vB. With the next halving expected around April 2028, the block subsidy is projected to fall to 1.5625 BTC. The latest transaction fees would not offset even 0.2% of the subsidy reduction from the halving.

Whale Alert reported that 3,016 BTC has been transferred from Coinbase Institutional to an unknown new wallet. The transaction is valued at about $227 million.

Solana’s weekly transaction count temporarily surpassed the New York Stock Exchange, according to a Fidelity Digital Assets analysis. In a report, Fidelity said Solana averaged about 95.9 million weekly transactions this year, equal to roughly 15% of the transaction volume handled by major U.S. securities exchanges. The report said the ratio was just 0.3% in 2022, while Solana’s weekly transaction count increased about 100-fold over the period analyzed. Trading in tokenized assets also surged, with monthly volume for tokenized assets on Solana rising from about $100 million in June last year to about $5 billion in September this year. Over the past 12 months, notional trading volume on Solana-based perpetual futures platforms also exceeded $590 billion.

Decentralized physical infrastructure network project Render said Salad has begun burning RENDER daily on Solana as part of testing ahead of the third milestone of RNP-023. The automated burns are an early step toward full burn-and-mint equilibrium settlement, with the settlement system still under development.

Binance executives ignored an internal request to investigate about 2,000 accounts tied to suspected Iran links, according to Forbes. Citing a previously undisclosed search warrant, Forbes reported that Binance’s former senior financial-crime investigator told a U.S. Internal Revenue Service probe in May that management ignored a request for an internal investigation, dubbed Operation Loclock, into accounts suspected of Iran links through which about $1.2 billion moved. The former employee had been investigating two accounts suspected of violating U.S. sanctions on Iran when the employee and colleagues were suspended and later left the company. The former employee has now been subpoenaed to testify before a federal grand jury in Washington, D.C. Binance denied violating Iran sanctions and said the employees involved were fired for breaching data privacy policies. The exchange added that the investigation into the accounts was never halted and said it would cooperate fully with investigators. No charges have been filed in connection with the probe so far.

Euro Pacific Capital CEO Peter Schiff, a prominent Bitcoin critic, said on X that Strategy’s perpetual preferred stock STRC has effectively relied on share buybacks to support its price, but the cash capacity backing that support is shrinking. Schiff argued that the sharper BTC falls, the greater the selling pressure on STRC will become, and that a 12% yield is not enough to adequately offset the investment risk.

U.S. Nasdaq-listed DeFi Development (DFDV) bought an additional 8,881 SOL, bringing its total holdings to 2.609 million SOL, according to BitcoinTreasuries.