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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.

A senior Iranian official said Iran will not engage in any negotiations with the U.S. unless Washington takes concrete action on seven conditions presented by Tehran, Iran’s Press TV reported. The official added there has been no change in Iran’s policy on negotiations with the U.S.

Decentralized exchange Uniswap (UNI) said Uniswap v2, v3 and v4 are now live on Elysium. It added that Elysium provides 100-millisecond blocks for the Hyperliquid ecosystem, uses HYPE as its gas asset and settles on HyperEVM. Developers can integrate Uniswap starting from the first day of the launch.

Aurora said Aurora Intents and Wirex have entered a long-term partnership to bring cross-chain funding deposits to Wirex. The collaboration will begin with Aurora Intents Deposits, which lets users send funds from their existing blockchain to a single permanent deposit address, according to Aurora. The feature is based on NEAR Intents.

Prediction-market trading infrastructure startup River Markets has registered an affiliate as a futures commission merchant with the U.S. CFTC, The Block reported. According to the report, River Finance, a River Markets affiliate, has joined the National Futures Association, allowing it to manage client accounts and handle customer funds. River Markets was founded in May this year and serves hedge funds, sports funds, proprietary trading firms, and event-risk hedging companies.

Crypto market maker Wintermute said in its latest market report that Bitcoin could fall further to $68,000 if it drops below $73,000. Wintermute said risk assets have been broadly weak as regulatory concerns around the AI sector grew after the U.S. midterm elections. Last week, the S&P 500 fell 4.4% in a single day, while spot BTC ETFs saw $1.28 billion in net outflows, the largest since June this year. BTC rose to $81,000 on Nov. 4 but later gave back all of those gains, and fell to $73,500 on Sunday. Its weekly close also fell below the 50-week moving average of $75,500, ending a seven-week uptrend. On Monday, more than $1 billion in positions were liquidated, with most BTC liquidations concentrated in long positions. Wintermute said it would remain cautious while BTC stays below the 50-week moving average. It added that a break below $73,000 and the 200-day moving average on the BTC/USD daily chart could send BTC down to $68,000. On the other hand, Wintermute said it would turn constructive if BTC reclaims $80,000 and spot ETFs post weekly net inflows.

SharpLink (SBET), a company accumulating Ethereum, announced it held 892,708 ETH as of Sept. 30, local time. The company also completed $200 million in Ethereum staking through Lido and began managing a $125 million DeFi yield fund with Galaxy (GLXY).

The Cardano Foundation said it is supporting efforts to contribute IBC, a technology for transferring assets and data across independent ledgers, to LF Decentralized Trust. According to the foundation, IBC has processed more than $50 billion in transaction volume across more than 200 networks since 2021. The foundation said it joined Cosmos and 22 other sponsors on Nov. 9, with the goal of helping IBC grow into a major standard across finance.

Kinetiq said it has built Elysium, an Arbitrum layer-two network that uses HyperEVM as its settlement layer. Kinetiq said Elysium is the first dedicated Arbitrum L2 to settle on HyperEVM and was designed to support the expansion of Hyperliquid’s DeFi and perpetual futures ecosystem. The network aims to provide applications and traders with improved trade execution conditions and performance.

Layer-1 blockchain Cosmos (ATOM) said it is contributing IBC to Interchain and LF Decentralized to help develop it into a major open standard for interoperability across digital ledgers. Google Cloud, Wells Fargo and Figure Markets support the effort.

The three major U.S. stock indices opened higher today. - S&P 500: +0.80% - Nasdaq: +0.80% - Dow Jones: +1.30%

A hacker transferred 3,500 ETH, worth about $7.42 million, to Tornado Cash, on-chain analyst EmberCN said. The hacker previously stole about $22 million worth of cryptocurrency from decentralized finance protocol Pando four years ago and, as the crypto market fell three days ago following the Binance hack, bought 7,548 ETH with 16.98 million DAI at an average price of $2,249.

BTC has entered a key range that could determine its next price direction, according to an analysis by on-chain analyst Darkfost. Darkfost said BTC has reached the 0.382 Fibonacci retracement level in what Elliott Wave theory identifies as corrective wave two, at around $74,600, and could fall as low as $71,000 if the decline extends. The relative strength index was nearing 30, a commonly watched oversold threshold, while BTC was on track to close below its 200-day moving average for a fourth straight session. Darkfost added that the 200-week moving average was approaching $70,000 and aligning with the 0.5 Fibonacci retracement level, which could make that price zone a major support area. The next few weeks are likely to be a critical turning point, and a break below that range could intensify the downtrend.