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Coinbase CEO Brian Armstrong said on X that building accounts for AI agent-based finance, or AiFi, is one of the exchange’s top priorities. He added, "Every public company CEO should want tokenization of their own stock. Tokenized equities are more accessible and more useful than traditional equities, especially when combined with DeFi. Imagine earning yield on your stock," and said he is very bullish on AIFI.

Bitcoin’s four-year cycle pattern is changing as market volatility declines and institutional adoption expands, according to Hashdex CIO Samir Kerbage. Kerbage told Crypto Briefing that while Bitcoin’s current cycle is following familiar historical patterns, its price swings have narrowed significantly versus prior cycles. BTC is down 35% from its peak and up 37% from its June low, Kerbage said, suggesting June may have marked a bottom earlier and at a shallower level than in previous cycles, or that Bitcoin may still have room for a final leg higher.

U.S. CFTC Chairman Michael Selig criticized moves by some state governments to pursue criminal penalties against operators of prediction market platforms overseen by the federal government, The Block reported. Speaking at the Cantor conference, Selig said some state authorities were effectively seeking to jail prediction market platform founders and CEOs, and stressed that whether prediction market contracts qualify as gambling or derivatives should be judged on substantive grounds. He added that debate over the legal nature of such contracts should not create a risk of prison sentences.

James Comer, chairman of the U.S. House Committee on Oversight and Government Reform, has called for new regulations to restrict government officials’ use of prediction markets as part of an investigation into insider trading risks, The Block reported. The proposed measures could include a full ban on trading on such platforms. Comer stressed Congress should consider additional reforms to prevent public corruption and restore Americans’ trust in government. He recently launched the probe by asking Polymarket and Kalshi to submit materials related to user identity verification, enforcement of geographic restrictions and unusual-trading detection.

Coinbase announced it will conduct server maintenance at 1:00 p.m. UTC on Nov. 14. The work is expected to take up to four hours, and some services may experience reduced performance during that period.

Polkadot said a new strategy won approval with 97% support in a decentralized governance vote on Nov. 11. The proposal, put forward by the Polkadot Community Foundation (PCF), focuses on directly acquiring users for Polkadot’s upcoming product platform.

Crypto exchange Bybit urged users to exercise caution over a security vulnerability in Telegram’s Android version. According to Wu Blockchain, the exchange said "if a device is compromised, other applications could also be exposed to risk" and recommended updating to the latest version. Earlier, security firm V12 disclosed a remote code execution flaw in Telegram’s widget feature. Telegram said it had fixed the vulnerability and rolled out an update.

Coinbase announced on its official X account that it will support perpetual futures trading for GRAM, GRASS, QNT and ZRO.

Bitcoin and Ethereum have maintained correlations with the S&P 500 above their long-term average, according to DeFi analytics firm Sentora, formerly IntoTheBlock. Sentora said the correlation between the two sides posted slightly negative readings in 2018 and 2019, then reached its highest level during the U.S. monetary tightening cycle in 2022 before declining in 2023. It later returned to around 0.50 and remained there through 2026, above the long-term average correlation of about 0.30 between cryptocurrencies and the stock market. The report said Bitcoin and Ethereum are currently showing a higher-than-historical-average correlation with the U.S. stock market.

Lido said it is in the process of winding down its GGV vault operations. Remaining GGV holders can either transfer to the EarnETH vault, which has two-layer loss protection, or withdraw their assets. Existing EarnETH holders are not affected by the change. GG tokens can be withdrawn as wstETH through Nov. 17. After that, GGV positions will be held in WETH, and withdrawals will also be available only in WETH.

Susan Collins, president of the Federal Reserve Bank of Boston, said the Fed may need to raise interest rates more than expected. Collins did not specify the size or pace of any rate hikes and said those decisions should be made at each meeting. Collins added recent inflation data had been less encouraging than expected and said the direction of monetary policy was clear, with further tightening likely needed soon.

Bitcoin hybrid layer-2 network BOB announced support for fixed-rate swaps between BTC and USDC or USDT on Ethereum, Tron, Base, BNB Chain, and Arbitrum. BOB said trades are executed at the quoted rate with no slippage.

Major exchanges have seen $103 million worth of futures liquidated in the past hour. In the past 24 hours, $1,311 million worth of futures have been liquidated.

The Swiss central bank holds more than $109 million in Bitcoin-related exposure through shares of Strategy (MSTR), former Bitcoin Magazine editor Pete Rizzo said on X. He added, "each country is expanding its Bitcoin investment exposure."

MEGA, the developer of the Ethereum layer-two network MegaETH, has cut 20% of its workforce as part of restructuring tied to a shift in business direction, The Block reported. The workforce reduction was aimed at supporting the company’s new strategic direction, according to the report. MegaETH had earlier announced a $30 million investment in a new business separate from the network and said it would launch an AI inference marketplace as its first service.

dYdX said it plans to introduce canonical USDC on the dYdX Chain v9.9, subject to governance approval. As Circle discontinues support for USDC on Noble, the token’s underlying chain will shift from Noble to Injective. The change will not affect the balances, positions or collateral of users holding USDC on the dYdX Chain.

Decentralized exchange Jupiter (JUP) announced the beta launch of Jupiter Vault, a Solana-based yield product. The product offers yield through strategies selected by Bitwise, Re7Labs, K3 Capital and HivemindCap, according to Jupiter.

Ethena said USDe has been added to Tydro, the Aave v3 instance on the Ink network. USDe supply will be available within a $200 million cap starting at around 11:30 p.m. UTC on Nov. 14, with any cap increase to be announced later.

Crypto-related stocks were broadly lower in U.S. trading, with Hut 8 (HUT) down 6.0%, Riot Platforms (RIOT) off 3.9%, MARA Holdings (MARA) down 3.9%, Robinhood (HOOD) falling 3.2%, Strategy (MSTR) losing 2.1%, and Coinbase (COIN) slipping 0.5%.

Hong Kong Exchanges will introduce a digital payment service from Dec. 14 that will let participants post collateral during after-hours trading in the derivatives market, according to the source. The service was developed in cooperation with the Hong Kong Monetary Authority (HKMA) and will support collateral payments using digital Hong Kong dollars. Eligible clearing participants of Hong Kong Futures Exchange Clearing Corporation Limited (HKCC) will be able to apply to post collateral through the digital payment method from 5:00 p.m. to 1:30 a.m. UTC on Dec. 14, and the deposited funds can be used during that after-hours trading session.

According to CoinNess market monitoring, BTC has fallen below $69,000. BTC is trading at $68,998.41 on the Binance USDT market.

The three major U.S. stock indices opened higher today. - S&P 500: +0.26% - Nasdaq: +0.17% - Dow Jones: +0.30%

Jamie Selway, director of the U.S. SEC’s Division of Trading and Markets, said the agency plans to expand the use of superintelligence-based tools to respond to changes in financial markets as new investment instruments such as tokenized securities and perpetual futures contracts emerge. Selway said financial markets are shifting toward 24-hour trading, while discussion is also underway on central clearing for the U.S. Treasury market and reforms to core mechanisms of the National Market System, or NMS. Selway added retail investors and passive asset managers now wield market influence beyond historical levels, and said as data becomes more accessible, research priorities are shifting from securing differentiated datasets to processing large-scale data. The SEC also plans to expand its use of superintelligence-based tools and cooperation with academia, he said.

The central banks of the UK, Singapore and Thailand have completed a test to determine whether cross-border currency transactions can be settled simultaneously by linking traditional financial systems with distributed ledger technology-based systems, Cointelegraph reported. The test focused on proving that settlements processed through different systems could be completed at the same time, and the results confirmed that simultaneous settlement of cross-border currency trades between the two systems is possible.

Cardano founder Charles Hoskinson said on his YouTube channel that the project’s roadmap is complete and everything he had promised to build has been implemented. Responding to a dissatisfied investor who pointed to his past remark that Cardano could overtake Bitcoin, Hoskinson said he had only expressed hope for that outcome and had never promised a price surge or a shift in market leadership. Hoskinson also said critics want him to push up the price of his holdings, ADA, and argued that if his mission could end only by continuously driving the token higher, it could never be finished. According to CoinMarketCap, ADA was trading at $0.1739, up 1.82%, at the time of writing.