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Deutsche Bank launched its Digital Asset Custody (DAC) service on Wednesday for corporate and institutional customers across Europe. The service lets customers hold and transfer bitcoin, ether, USDC, EURC and EURAU while Deutsche Bank manages customer wallets and private keys. Deutsche Bank also signed a memorandum of understanding with Deutsche Asset Management to explore tokenized financial products. The agreement covers tokenized money market funds, crypto-asset exchange-traded commodities and stablecoins.

CryptoQuant's Bitcoin analyst consensus index declined from -1.0 to -1.8 standard deviations over 7 days, entering clearly bearish territory relative to recent norms. Bitcoin's price retreated to around $73,000 during that period. CryptoQuant reported that bullish analysts still represented approximately 62% of analysts with clear positions, although that share was substantially below recent norms.

This roundup covers cryptocurrency prices and derivatives markets. Bitcoin traded near $74,000, little changed since midnight UTC, while stock index futures recovered early Wednesday. SoSoValue reported $95 million in withdrawals from U.S. spot bitcoin ETFs on Tuesday, marking four consecutive days of outflows. BlackRock's IBIT recorded $78 million of those withdrawals, extending redemptions to an eighth consecutive session. CME FedWatch put the probability of a December Federal Reserve rate increase at 90% after October consumer inflation exceeded forecasts.

An elite North Korean hacking group stole $6.3 billion from Binance, renewing scrutiny of cryptocurrency exchanges' security controls. Binance's initial investigation says the October 29 theft took minutes after months of preparation. Cybersecurity experts questioned whether exchanges adequately protect employees and restrict attackers who compromise an employee's computer or credentials. Chainalysis says major cryptocurrency hacks have caused more than $22.3 billion in losses since 2021. US cryptocurrency exchanges face differing state requirements rather than a single federal cybersecurity framework.

The xStocks platform from Kraken parent Payward has expanded with more than 200 tokenized stocks listed in the United Kingdom and European Union. Payward said Wednesday that eligible users can access the tokens through Kraken and participating xStocks Alliance platforms. UK investors cannot access the tokens. Kraken's risk disclosure states that token holders receive exposure to share performance but no voting rights or legal claims to the underlying shares. Payward plans to introduce hundreds of tokenized Hong Kong-listed equities in the coming weeks.

Binance Convert and Binance's Buy/Sell Crypto pages now let users purchase bStocks tokenized stocks directly with up to 49 fiat currencies. Users can also sell bStocks directly for fiat without converting to cryptocurrency first. Available currency options depend on the user's country or region. BTech Holdings Limited, a Binance Group affiliate, issues bStocks, with each token backed 1:1 by the underlying stock held by a regulated custodian.

CryptoQuant data showed that Bitcoin short-term holders transferred 47,025 BTC at unrealized losses to exchanges during the 24 hours ending at midnight UTC as Wednesday began. CryptoQuant ranked the total as the third-largest since July. Bitcoin dropped to $72,670, an 11-week low, below the cohort's average purchase price of about $75,700. CryptoQuant research head Julio Moreno said a sustained decline below $73,000 followed by an unsuccessful recovery above that level would strengthen the case for a continuing bear market.

Kraken parent Payward is expanding xStocks with more than 200 stocks from the U.K. and Europe. Payward said assets on xStocks now exceed $1.1 billion. Investors in the U.K. and U.S. still cannot access the tokens. The London Stock Exchange plans to offer xStocks trading on LSE 24 in 2027, subject to regulatory approval. The certificates provide synthetic exposure to stock prices rather than ownership of the underlying companies.

Crosschain interoperability protocol Across regained control of its website and resumed normal operations on Wednesday after a domain takeover redirected visitors to a phishing site. Across said attackers compromised the domain through social engineering targeting domain registrar Namecheap. Security platform GoPlus estimated total user losses at $350,000 across six blockchains. Across pledged to compensate every affected user but did not disclose user numbers or losses.

Kraken parent Payward launched more than 200 tokenized UK and European stocks through xStocks, expanding the offering to more than 1,500 assets. Each token has 1:1 backing from underlying shares held by a regulated custodian. The listings are the first launched under Payward's partnership with GTN to expand beyond U.S. equities. Payward expects to add hundreds of Hong Kong-listed stocks over the next few weeks. UK investors, U.S. investors and U.S. persons remain excluded, and Payward said the additions would not alter existing eligibility rules.

The New York Stock Exchange selected Avalanche this week to supply infrastructure for a planned tokenized securities platform, subject to regulatory approval. Ava Labs said Avalanche would provide the core ledger for the platform developed by NYSE parent Intercontinental Exchange. Analysts described the selection as a significant endorsement of Avalanche's technology, but warned that the agreement would not necessarily increase AVAX's value. The platform will use dedicated Avalanche infrastructure rather than the public C-Chain, and GSR analyst Carlos Guzman said trading would remain off-chain. Ava Labs did not immediately answer a request for comment.

CoreWeave shares jumped 12% as the cloud computing provider's third-quarter earnings helped lift AI infrastructure stocks. CoreWeave said revenue increased 168% from a year earlier and raised the full-year revenue outlook to between $13 billion and $13.3 billion. However, CoreWeave's net loss expanded to $709 million because of higher interest costs. The Financial Times reported that Anthropic's bankers are weighing an IPO valuation of at least $1.5 trillion. Bitcoin and gold showed little movement over 24 hours.

Hyperwave has announced that the protocol will stop operating on December 16 because operating costs and regulatory uncertainty prevent continued operations. All vaults currently permit only withdrawals, and users can unstake GWAVE at any time. Users can recover funds fastest by withdrawing before the shutdown. After the shutdown, the remaining net asset value will be distributed to wallets holding vault tokens.

CoinGlass data show that about 96% of Bitcoin deposited on exchanges by long-term holders on Nov. 10 arrived below estimated acquisition cost. Below-cost deposits totaled about 5,950 BTC, down 29.22% from the previous day. CoinGlass also reported a long-term-holder spent output profit ratio of 0.82063 for Nov. 9, indicating aggregate losses on older coins spent across the network. Exchange deposits represent potential trading supply, but the transfers do not prove that sales occurred.

Aethir said daily ATH burns have begun and cumulative burns have reached 4,364,413 ATH. Aethir also activated a burn dashboard alongside an update to ATH's token economic model. Burns totaled 629,516 ATH over the past 24 hours. A portion of network fees from customers reserving computing power funds the burns.

The Financial Stability Board urged Türkiye to address remaining gaps in crypto asset regulation, including a dedicated regime for stablecoins. The FSB's peer review found substantial recent progress, with most relevant activities now regulated and crypto asset service providers subject to registration and licensing requirements. The FSB also called for a financial stability monitoring framework, stronger supervision and enforcement, and greater cooperation between regulators across borders.

Miami-Dade County's Tax Collector's Office announced on Monday that property owners can now pay property taxes with Bitcoin. Taxpayers can select cryptocurrency at online checkout or request the option when paying in person. Payments are converted to dollars before the Tax Collector's Office receives the money, protecting county tax collections from cryptocurrency price fluctuations.

Scotland's High Court of Justiciary sentenced Robert Barr to eight years in prison for directing an attempted theft of up to £2 million ($2.7 million) in cryptocurrency from prison. According to the court's account, Barr planned for two accomplices to force a crypto holder to install AnyDesk, enabling Barr to access the computer remotely. The couple at the targeted home refused to admit the accomplices after seeing the men through a doorbell camera. Barr and the accomplices pleaded guilty to involvement in serious organised crime, and the accomplices received prison terms of four and five years.

Strategy said Strategy expects MSCI to remove Strategy's common stock from the MSCI Global Index. Bitcoin Treasuries said MSCI will announce a final decision today on excluding Strategy and Metaplanet from MSCI's indexes because the companies are non-operating companies. JPMorgan said removing Strategy could trigger approximately $2.8 billion in outflows.