Strategy expects MSCI index exclusion as MSTR risks falling to $100
Strategy expects MSCI to remove Strategy's common stock from global indexes, potentially triggering roughly $2.8 billion in forced fund sales, according to JPMorgan's estimate. The final decision is due today. Bitcoin Treasuries said MSCI plans to categorize Strategy and Metaplanet as non-operating companies because of substantial crypto holdings. MSTR traded at $122.50 before the market opened, roughly 28% below the early-October high near $170. MSTR faces a possible decline to $100 if support between $118 and $120 fails.
Lavish says Bitcoin could reach $400,000 to $500,000 by mid-2029
Bitcoin Opportunity Fund co-founder James Lavish said Bitcoin could reach $400,000 to $500,000 by mid-2029, based on past cycles and long-term price trends. Lavish said higher interest rates could cause near-term selling, but institutional adoption and monetary expansion support Lavish's positive long-term view. Lavish expects the Federal Reserve to raise rates in December, potentially by 50 basis points, if inflation stays elevated. Lavish believes support from major banks could encourage portfolio managers to allocate 1% to 2% to Bitcoin despite Bitcoin's volatility.
Deutsche Bank launches crypto custody for institutional and corporate clients
Deutsche Bank launched a crypto custody service for institutional and corporate clients on Wednesday, according to the bank's announcement. Clients can hold and transfer Bitcoin, Ether and selected stablecoins while Deutsche Bank manages the wallets and private keys. Deutsche Bank also signed a memorandum of understanding with Deutsche Asset Management to examine potential cooperation on tokenized money market funds, crypto asset exchange-traded commodities and stablecoins.
Russian exchanges may launch cryptocurrency trading as early as November 22, 2026
The Central Bank of Russia said cryptocurrency trading on Russian exchanges could begin as early as November 22, 2026, if regulators agree to trading rules beforehand. Russia's Ministry of Justice has registered the central bank's directive governing organized trading in digital currencies and digital rights. The regulations require exchanges to register participants, keep order and trade records, monitor transactions, calculate price indicators and submit trading information to the central bank.
Scroll said the project registered a corrected Batch Version 10 verifier on November 10 after receiving a vulnerability report on November 3. The flaw affected the Bundle proof verifier on Ethereum mainnet. Scroll said no mainnet exploitation occurred. Exploitation reportedly required either the permissioned prover role or forced batch mode, which activates after 7 consecutive days without finalization.
Coinbase reportedly wins final approval to operate as a national trust bank
Bitcoin News said Coinbase received final approval from the U.S. Office of the Comptroller of the Currency to operate as a federally chartered national trust bank. The business will focus primarily on digital asset custody for institutions. The entity cannot take retail deposits, issue stablecoins or make traditional loans. Coinbase plans to transfer its existing custody business to the federal entity gradually over the next three years.
FSB urges Turkey to strengthen crypto and stablecoin rules
The G20's Financial Stability Board urged Turkey on Wednesday to strengthen crypto asset and stablecoin regulation against potential financial stability risks. The FSB review found progress in regulatory oversight but called for closer alignment with international recommendations. The review put transactions in Turkey's largely retail-driven crypto sector at nearly $200 billion last year. The FSB recommended dedicated stablecoin rules, formal monitoring of financial stability risks, more centralized market data and stronger cooperation with foreign regulators.
Anthropic pre-IPO futures trade at roughly 37% premium to IPO price range high
Anthropic's pre-IPO perpetual futures are trading roughly 37% above the $78 upper limit of the newly announced IPO price range. The futures climbed more than 10% over the past 6 hours to about $106.7, with a 24-hour gain exceeding 8.6%. Anthropic said yesterday that the company plans an IPO valuation of about $1 trillion and seeks a fully diluted valuation of $1.4 trillion. The offering price is expected next Wednesday, and trading is expected to start next Thursday.
Analysis: Ueno Bank collapse shows stablecoins can offer limited relief
Ueno Bank's collapse last week blocked account access for nearly three million customers, about 60% of Paraguay's adult population. Paraguay's Central Bank put Ueno into resolution on Nov. 3 after the lender's solvency ratio dropped below half the statutory minimum. Some customers sought stablecoins to preserve value or continue payments, while some peer-to-peer sellers demanded premiums of up to 13% for USDt. The Central Bank said 93.1% of customers holding Ueno deposits had received repayment as of Nov. 9. GlobalData analyst Rhys Hicks said evidence did not indicate a mass shift from banks to stablecoins, whose holders lack the deposit guarantees available to bank customers.
December half-point Fed hike odds reach 13.6% as Bitcoin falls below $73,000
The probability of a 50-basis-point Federal Reserve rate increase in December rose from 0% to 13.6% on Nov. 10 after October inflation exceeded forecasts. Bitcoin remained around $73,000 but recorded an intraday low below that level. A quarter-point increase remained the most likely outcome, with odds of 86.4%, according to a CME FedWatch snapshot cited by Barron's. Further inflation data, employment figures and support from voting officials could determine whether a half-point increase becomes more plausible. Continued Bitcoin ETF outflows and forced selling could deepen losses, but modeled liquidation levels do not establish a price forecast.
David Schwartz says he has not bought XRP in a long time
XRP co-creator and former Ripple Chief Technology Officer David "Joel Katz" Schwartz says a long time has passed since Schwartz last bought XRP. Schwartz said risk aversion prompted the sale of almost all digital assets Schwartz had held. Schwartz disclosed selling around 2.5 million XRP in 2025 and paying $1.7 million in capital gains tax on that sale. Schwartz also said holding Ripple shares involves more risk than Schwartz would prefer. Schwartz said an attorney locks in Schwartz's written sales plan at least 30 days before a sale.
Cointelegraph CEO joins AI venture Phase backed by $45 million commitment
Yana Prikhodchenko has left Cointelegraph after nearly five years to become co-founder and CEO of Phase, an AI-agent blockchain venture. Phase founder Kirill Eves has committed $45 million to the venture. Prikhodchenko said she remains a Cointelegraph shareholder but has relinquished every operational and management position. Several major crypto newsrooms have closed or reduced staffing over the past year amid falling search traffic and mounting revenue pressure. Prikhodchenko described the departure as a personal decision influenced by her interest in AI and denied that industry pressures caused the move.
Laser Digital helps launch Saudi credit vault targeting $100 million on BNB Chain
Nomura's digital assets subsidiary Laser Digital is helping ZIG Finance launch an onchain Saudi private credit vehicle that aims to raise $100 million. A statement said the zEMS Vault offers eligible institutional investors exposure to diversified loans to Saudi small and medium-sized enterprises. Investors can use stablecoins to subscribe and redeem, while KAIO manages tokenization and administration on BNB Chain. ZIG Finance said Laser Digital will advise on risk governance and tokenization. ZIG Finance co-founder Abdul Rafay Gadit said the objective is to make credit risk transparent and manageable, rather than eliminate credit risk.
Analysis: MATT proposal uses OP_CCV to support stateful Bitcoin contracts
The proposed OP_CHECKCONTRACTVERIFY (OP_CCV) opcode would implement MATT by committing contract state to Taproot keys and enforcing valid state transitions on-chain. MATT allows each transaction to compute an updated state rather than select a state from a fixed set. OP_CCV provides value-allocation modes that allow separate inputs to pay transaction fees. Combining OP_CCV with OP_CAT would support Merkle proofs, compact fraud proofs and vault functionality comparable to the OP_VAULT proposal.
OKXICE plans November 23 tokenized stock launch with Coinbase, Circle and Strategy
OKXICE plans to open a blockchain-based securities trading venue on November 23 with listings including Coinbase Global, Circle Internet and Strategy. A spokesperson said more than 70 assets are confirmed for continuous trading, but some assets will become available only after launch. The venture between OKX and Intercontinental Exchange has faced objections from 56 of the 62 companies originally proposed for listing. Initial access will be restricted to eligible U.S.-based OKX Inc. customers who complete identity checks and onboarding. Customers will keep the tokens in self-custodial wallets, with shareholder rights covering dividends, voting and corporate actions.
Aave announced that Aave Horizon now accepts mWIN, a product launched by MidasRWA, as collateral. The tokenized on-chain investment product tracks the performance of an actively managed portfolio of investment-grade fixed-income assets across multiple sectors.
Giancarlo says US crypto innovation can advance without CLARITY Act
Former Commodity Futures Trading Commission Chair Christopher Giancarlo argued that existing regulatory authority can support US crypto innovation without new legislation. Giancarlo said the CLARITY Act became overly complex as lawmakers sought to accommodate competing interests, and Giancarlo does not expect the bill to return soon. Giancarlo said the SEC and CFTC already possess sufficient authority to oversee crypto markets and encourage innovation. Giancarlo acknowledged that President Trump's personal crypto businesses intensified political opposition, while praising the administration's reversal of policies hostile to crypto.
OKXICE will introduce a platform offering tokenized US securities trading at all hours on November 23, OKX and Intercontinental Exchange said. OKXICE is a joint venture between crypto exchange OKX and Intercontinental Exchange.
Analysis: Lower oil prices ease rate hike pressure, but Iran outlook remains uncertain
QCP Capital says falling oil prices are easing pressure for interest rate increases, while Iran negotiations and central bank policies remain uncertain. The analysis puts Brent crude's settlement at $92.57 per barrel after a 5.85% daily decline, followed by further losses. QCP Capital reports that Trump paused new military strikes against Iran but maintained the blockade, with no agreement reached. The analysis reports rate increases by the Reserve Bank of Australia and the Bank of England, while Canada and Japan kept rates unchanged. QCP Capital questions whether lower oil prices will keep easing rate hike pressure or stalled Iran negotiations will revive inflation risks.