Tokenization and stablecoins may weather Democrats' sweep as broader crypto rules face uncertainty
Wall Street's push to bring finance onto blockchain rails may continue under existing laws, though the SEC and CFTC face tougher oversight and questions over how long their rules will last, experts said.
🇺🇸 Crypto's Washington hopes fade, but Grayscale and BlackRock see growth ahead
The asset manager says global demand and institutional adoption will sustain the industry despite a political setback, while BlackRock sees little impact on its crypto business.
Binance’s Spot Market Share Drops to 42% After $6.3B Hack as OKX Gains
- Binance's spot trading share dropped to 42%, its lowest in 12 weeks, following a $6.3 billion hack, while OKX and Coinbase increased their shares to 14% and 9.6%, respectively. - After the hack attributed to North Korea's TraderTraitor group, Binance experienced net outflows of $5.6 billion, with assets decreasing from $171 billion to $157 billion. - Binance introduced a VIP Level Protection Program for eligible users and launched a community appreciation campaign with rewards for those achieving $10,000 in trading volume.
Google Tells Schools They Can Reject AI—But They'll Lose Search, Too
Google is giving schools more control over Gemini, but districts that want Search without AI are out of luck, fueling accusations that the company is pressuring educators into adopting AI.
Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
Coinbase told customers it wasn’t affected by the $6.4 billion Binance hack and detailed its security controls, including offline storage for over 99% of assets, split private keys and kill switches.
🇺🇸 Morgan Stanley Tokenizes US Stocks and Treasuries Through DTCC’s New Service
- Morgan Stanley has tokenized US stocks and Treasuries using the DTCC Tokenization Service, which launched on October 28. - The service allows for the creation of tokens backed one-to-one by securities, maintaining the same legal rights and protections as the underlying assets. - Trading of tokenized stocks is now expected to begin in the first quarter of 2027, with projections for tokenized real-world assets to reach $3 trillion to $10 trillion by 2030.
Crypto's powerhouse super PAC, Fairshake, found its kryptonite
The industry's primary campaign arm had cultivated a reputation as an unstoppable force, but more than a third of its spending failed to hit the mark, especially in Ohio.
🇺🇸 US Bank Regulator Issues First AI Framework as Banks Battle Rogue Agents
The OCC's first examiner guide weighs autonomy and financial harm, and directly addresses outside AI agents—the same risk that recently prompted major banks to restrict customer-account access.
🇺🇸 Crypto PACs Lose Key Races After Spending Millions in Midterms
- Crypto-focused super PACs spent over $176 million in the 2026 US midterms, but faced significant losses, including a $64 million effort to defeat Democrat Sherrod Brown in Ohio. - Despite Brown's previous criticisms of the crypto sector, he softened his stance during the campaign, ultimately winning with 49.7% of the vote against Republican Jon Husted's 45.5%. - The political landscape has shifted unfavorably for the crypto industry, with Democrats gaining control of Congress, which may hinder future legislation like the CLARITY Act.
🇺🇸 US Voters Back AI Data Center Restrictions in At Least 29 Communities
Voters across the United States backed measures to curb data centers, raising new obstacles for the infrastructure powering AI as electricity bills, water supplies, and public oversight dominate the debate.
Canton Coin Gets SEC Nod as Wall Street Tokenization Heats Up
SEC staff said they view Canton Coin as a digital commodity and won’t recommend enforcement over how it’s minted, a week after DTCC launched a tokenization service that runs partly on the Canton Network.
🇺🇸 CFTC Opens Equity Perps Trading and Gets Sued Hours Later
- The CFTC has approved the trading of perpetual futures on individual US stocks, classified as security futures products under federal laws, allowing US traders access to popular overseas products. - A lawsuit has been filed by the Capital Markets Alliance, backed by Cboe and Citadel Securities, claiming the CFTC exceeded its authority and encroached on the SEC's jurisdiction. - The CFTC described the lawsuit as a troubling interference with regulated markets, emphasizing the need for governance by law rather than litigation to foster innovation.
🇺🇸 Tech, AI Stocks Split After Democratic Sweep: Microsoft Jumps, Tesla and Nvidia Tank
Microsoft and Alphabet surged while Nvidia and Tesla fell, highlighting a divided market as investors reassess Washington's approach to AI and Big Tech.
🇺🇸 Bitcoin Rebounds After Democratic Midterm Sweep, But Crypto Faces Tougher Fight in Washington
Bitcoin bounced back after Democrats won control of Congress, but a stalled market structure bill and heavy industry campaign spending reveal crypto’s exposure to shifting US political power.
Top Zcash Price Predictions as ZEC Surges 14% Daily
- Zcash (ZEC) has surged over 14% in the past 24 hours, surpassing $1,300, driven by bullish sentiment and expectations of a new all-time high. - The upcoming NU7 upgrade, set for November 5, aims to reduce block time significantly, which analysts believe could lead to further price increases. - Despite the recent gains, there are concerns about a potential pullback post-upgrade, as recent exchange netflows indicate increased selling pressure from investors moving assets to centralized platforms.
Wall Street’s Plumbing Goes Onchain as Morgan Stanley Tokenizes Securities
Morgan Stanley says it has converted U.S. equities and Treasuries into tokenized form through the newly launched DTCC Tokenization Service, which 20 Wall Street firms have signed up to use.