Nov 10, 2026 · Crypto & Web3 Daily Digest
Crypto, regulation, and Web3 headlines compiled for November 10, 2026, with summaries, links, and commentary.
I. Regulation & Policy
1. SEC Regulation Crypto Assets comment period closes as Bitwise and Hyperliquid push for clearer token-trading and airdrop rules (Regulation)
Summary:
The public comment window for the U.S. Securities and Exchange Commission’s proposed Regulation Crypto Assets closed on November 10. The proposal would create exemptions for qualifying crypto fundraising and a conditional safe harbor for certain tokens linked to investment contracts. Bitwise Asset Management and the Hyperliquid Policy Center filed comment letters before the deadline: Bitwise urged a clearer, issuer-practical standard—based on publicly available information—for when a crypto asset falls under securities law; Hyperliquid warned that a safe harbor gated on after-the-fact conditions may arrive too late for maturing projects and pressed the SEC to address how unregistered intermediaries and onchain protocols are treated in secondary trading. Separate critics, including a former SEC enforcement official, argued the proposal should be withdrawn entirely. The SEC has not set a timetable for revision, adoption, or withdrawal.
Links:
- CoinsInsight — Bitwise and Hyperliquid push SEC rule changes on token trading and airdrops
- American Banker — SEC, CFTC poised to plow ahead with crypto rules
Commentary:
The deadline moves the debate from narrative to rule text—how secondary markets and onchain intermediaries are classified will decide whether U.S. token liquidity can land inside a workable compliance path.
2. Coinbase, Kalshi and four peers file amicus brief backing the CFTC on single-stock perpetual futures (Regulation)
Summary:
Coinbase, Kalshi, Kraken parent Payward, plus DRW Holdings, Jump Trading, and Paradigm Operations asked the U.S. District Court for the Southern District of New York around November 9–10 for leave to file an amicus brief supporting the Commodity Futures Trading Commission (CFTC). The Capital Markets Alliance Association—whose members include Cboe and Citadel Securities—sued to overturn the CFTC’s approvals of perpetual futures tied to individual U.S. stocks; related applications from Coinbase Derivatives, KalshiEx, and Bitnomial were deemed approved on November 2. The six firms argue equity perpetuals fit the Commodity Exchange Act definition of security futures—exchange-traded, centrally cleared, cash-settled—rather than SEC-regulated security-based swaps. A judge earlier denied a TRO but found challengers were likely to succeed on the claim that the CFTC exceeded its authority; the preliminary-injunction motion remains pending.
Links:
- The Block — Coinbase, Kalshi and Payward back CFTC in single-stock perps lawsuit
- Cointelegraph — Today in crypto: Coinbase and Kalshi back the CFTC
Commentary:
This is a jurisdiction fight between crypto derivatives platforms and a traditional market alliance—the outcome will decide whether U.S. retail can trade non-expiring single-stock leverage under the federal futures framework.
3. UK Lords debate cryptoasset amendments that would carve qualifying stablecoin payments out of some trading rules (Regulation)
Summary:
The House of Lords Grand Committee on November 10 considered the Financial Services and Markets Act 2000 (Cryptoassets) (Miscellaneous Amendments) Regulations 2026. The government said the instrument does not replace the cryptoasset regime already approved by Parliament; it makes targeted fixes so trading-oriented requirements do not apply disproportionately when UK-issued qualifying stablecoins are used in payment chains. The draft would exclude those stablecoins from certain dealing and arranging activities and exclude temporary holding connected to a payment from cryptoasset safeguarding, while keeping lending and borrowing regulated. It also clarifies the perimeter for issuance and backing-asset arrangements and brings forward commencement language that qualifying stablecoins and their reserves are not collective investment schemes, AIFs, or e-money. The full cryptoasset regime is due to take effect in October 2027; officials said acting now removes barriers before firms must comply.
Links:
Commentary:
By splitting payment stablecoins from crypto trading activities, the UK is clearing a scalable compliance path for payments ahead of the 2027 go-live.
II. Markets & Majors
4. Hotter-than-expected U.S. October CPI sends bitcoin below ~$74,000 toward a near three-month low (Markets)
Summary:
The Block, CoinDesk and others reported that U.S. October CPI rose 0.4% month over month versus forecasts around 0.3%, while core CPI rose 0.3% versus about 0.2%, renewing concern over the Federal Reserve’s rate path. Bitcoin fell below roughly $74,000 and traded near or under the ~$73,000 area—its weakest levels since around August 20. Ether, XRP and Solana fell more sharply, with midday coverage citing ether retesting the ~$2,000 handle. Some midday tallies put cross-market long liquidations near $570 million. Analysts warned that a sustained break below ~$73,000 could open a path toward the high-$60,000s to ~$70,000. Even before the print, bitcoin had lagged Monday’s U.S. equity rebound amid ETF outflows.
Links:
- The Block — Bitcoin slides below $74,000 after hotter-than-expected CPI
- CoinDesk — Live: bitcoin near a three-month low after inflation data
Commentary:
Macro pricing is back in the driver’s seat; with hot inflation plus crypto-specific fund drains, a stock rebound alone is a weak buy signal for majors.
5. Spot bitcoin ETFs lose another ~$201 million on Monday as miner MARA discloses ~13,597 BTC sold after quarter-end (Institutional flows)
Summary:
Per Farside Investors, U.S. spot bitcoin ETFs recorded about $201 million of net outflows on Monday, taking redemptions since November 2 to roughly $1.5 billion. BlackRock’s IBIT alone saw about $213.2 million of outflows—its seventh straight session of net redemptions. U.S. spot ether ETFs lost about $184.6 million on the same day. Separately, miner MARA Holdings said in its Q3 shareholder letter that after quarter-end it sold 13,597 BTC for about $1.1 billion at an average near $81,039, using $750 million to repay bitcoin-collateralized loans and free 17,477 BTC previously pledged. MARA said it expects to keep monetizing bitcoin for AI infrastructure, debt needs and potential buybacks—adding supply pressure alongside ETF redemptions.
Links:
- CoinDesk — Bitcoin breaks with stocks as ETF outflows mount; MARA sells holdings
- CoinDesk — MARA sold 13,597 BTC for ~$1.1B in six weeks and plans to sell more
Commentary:
Allocators redeeming while a large miner monetizes stack turn the “institutional bid” story into two-sided supply—any bounce likely needs redemptions to cool first.
III. Institutions, Stablecoins & Retail Rails
6. Visa adds Monad to its stablecoin settlement network as annualized volume is cited near $25 billion (Stablecoins)
Summary:
The Monad Foundation announced on November 10 that Visa has added Monad as a stablecoin settlement network option, letting participating issuers and acquirers settle Visa obligations in stablecoins on Monad. Citing Visa figures, the release said the annualized stablecoin settlement run rate reached about $25 billion as of September 2026—roughly 10x year over year—with more than 225 stablecoin-linked card programs live globally. Monad is a fully EVM-compatible Layer 1, so Ethereum-based custody, wallet and compliance tooling can often be extended rather than rebuilt. A planned Private Settlement privacy feature for institutions is expected in the coming months and is not live yet. Existing settlement chains in the program include Avalanche, Ethereum, Solana, Stellar, Arc, Base, Canton, Polygon and Tempo.
Links:
- GlobeNewswire — Monad joins Visa’s stablecoin settlement program
- The Block — Visa adds Monad to stablecoin settlement network options
Commentary:
Payment giants keep stacking multi-chain menus; the next competitive edge is whether institutions can keep settlement private without leaving shared liquidity.
7. Charles Schwab Crypto adds SOL, AVAX and LINK, expanding spot retail access to five assets (Retail rails)
Summary:
Charles Schwab announced on November 9 that eligible retail clients can now buy and sell Solana, Avalanche and Chainlink through Schwab Crypto accounts, bringing the platform to five assets alongside bitcoin and ether. Schwab Crypto began rolling out in May and became available to all eligible retail clients in October; trading is priced at 75 basis points of trade value. The service is available in U.S. states except New York and Louisiana, and is not offered in U.S. territories or internationally. Schwab said it plans to add more established cryptocurrencies over time based on client demand. Coverage noted the expansion arriving as some platforms report softer trading activity—product breadth in a quiet tape rather than chase momentum.
Links:
- Charles Schwab — Solana, Avalanche and Chainlink available on Schwab Crypto
- Finance Magnates — Schwab Crypto expands offering to five assets
Commentary:
Putting altcoin spot next to equities in the same brokerage view will not fix prices near-term, but it widens the compliant retail on-ramp beyond BTC/ETH.
IV. DeFi & Protocols
8. Solana aggregator Jupiter launches baskets, yield vaults and Portfolio V3 in a push beyond trading (DeFi)
Summary:
Decrypt reported on November 10 that Jupiter, Solana’s largest trading aggregator, is rolling out four products this week under a restated mission to make the world’s assets “universally accessible and useful.” Baskets let users buy a bundle of tokens with one SOL or USDC deposit and rebalance automatically; Vaults host curator-run yield strategies—from stablecoin lending to RWA-backed approaches—opening November 11 as a private beta for more than 19,000 waitlisted users and eligible staked JUP holders; Portfolio V3 is live with quick actions for trading, perps, predictions, lending and bridged transfers. Jupiter says it has routed more than $1.3 trillion in aggregator volume, with about $1.7 billion TVL across its wider ecosystem and more than $1 billion in active loans. The releases are timed ahead of Solana Breakpoint on November 15.
Links:
Commentary:
Aggregators stretching into hold-earn-manage are hedging a quieter swap-fee cycle with product surface area.
9. Base overtakes Solana by TVL to become the second-largest DeFi chain after Ethereum (DeFi)
Summary:
CryptoBriefing and others reported on November 10 that Coinbase’s Ethereum Layer 2 Base has passed Solana by total value locked to rank second among DeFi chains. Same-day figures put Base near about $5.664 billion TVL (roughly -1.24% over 24 hours) versus Solana near about $4.989 billion (about -2.08%). Coverage said Base first flipped Solana around October 10 and has held the lead since; year-to-date, Base’s TVL was up roughly 28% while Solana’s was down about 36%. Growth drivers cited include lending inflows, strong stablecoin activity and Coinbase ecosystem distribution; Solana’s contraction was linked to falling asset prices and net capital outflows.
Links:
Commentary:
A TVL crown is not a final ecosystem verdict, but it shows exchange distribution plus L2 stablecoin/lending rails can retain capital better than pure L1 narrative in a choppy market.
V. Security & Hack Aftermath
10. Elliptic: North Korea–linked launderers mint NEAR memecoins to move funds from the Binance hack (Security)
Summary:
Blockchain analytics firm Elliptic reported that North Korea–linked launderers created at least six memecoins on NEAR between November 5 and 7 and used DEX liquidity pools to route roughly 117,000 NEAR—about $430,000 at the time—from funds stolen in the roughly $6.3 billion Binance hack. One set of wallets bought the new tokens with stolen NEAR; another sold them back into the pools for NEAR, avoiding direct wallet-to-wallet transfers before the tokens were abandoned. Elliptic said a similar homemade-token tactic moved about $24 million after the 2025 Bybit hack. The swaps remain onchain and traceable; the firm said they mainly buy time before wallets are flagged. Binance has said the FBI attributed the attack to North Korea and that it had replenished about 98% of affected assets.
Links:
- The Block — Binance hack launderers mint homemade memecoins to move stolen funds: Elliptic
- Cointelegraph — Today in crypto: Elliptic on memecoin laundering
Commentary:
The amounts are still small versus the total haul, but throwaway meme pools are becoming a standard obfuscation layer after state-linked heists—exchanges and issuers need to watch newly spun DEX pools, not only mixers.
11. CertiK urges exchanges to set hard dollar caps on hot wallets, not just cold-storage ratios (Security)
Summary:
Security firm CertiK told Cointelegraph on November 10 that crypto exchanges should impose hard dollar limits on hot-wallet holdings rather than treating cold-storage ratios as a standalone security score. It recommended per-asset and per-chain caps set to the strictest of three measures: a percentage of customer liabilities, estimated withdrawal needs, and an absolute loss ceiling tied to financial resources and recovery capacity—paired with circuit breakers. The advice follows the Binance hot-wallet breach, after which peers disclosed cold-storage shares (Gate at about 88.26%; Coinbase saying more than 99% of customer assets are offline). CertiK said cold storage is useful but not a complete score, and very high ratios can slow withdrawals and concentrate key-management risk. Cold-storage floors already differ across South Korea, Singapore, Japan and Hong Kong frameworks.
Links:
Commentary:
Industry PR is still selling cold-storage percentages; CertiK reframes the real question as absolute online exposure—the loss ceiling that matters in the next systemic theft.
Today's Summary
- U.S. regulation ran on twin tracks: the SEC’s crypto-asset proposal comment window closed amid industry fights over safe harbors and secondary trading, while Coinbase and peers backed the CFTC’s claim on single-stock perpetuals.
- Macro and flows hit prices together: a hot CPI print stressed the ~$73,000 bitcoin support zone as ETF redemptions continued and MARA’s large post-quarter BTC sales added supply.
- Institutional payment and retail rails kept expanding anyway: Visa plugged Monad into stablecoin settlement, and Schwab widened spot crypto to five assets.
- Security follow-through shifted from replenishment to standards: Elliptic flagged memecoin laundering tactics, and CertiK pushed hard dollar hot-wallet caps after the Binance hack.
Daily Framing:
A day when macro smashed valuations while rulemakers and builders kept laying rails—CPI and redemptions owned the tape, but U.S./U.K. regulatory text and payment/DeFi product work did not pause with the market.
This digest is compiled from real-time search results and is for reference only.