BSC News

Developer @crono_walker has launched the testnet for KOB, a decentralized order book that runs directly on the Kaspa $KAS layer 1. The project lets traders buy and sell Kaspa tokens at prices they set, without a central server holding their keys or orders. Anyone can run the software that fills the trades.
How the Kaspa Order Book Works
KOB, short for Kaspa Order Book, is described in its public code repository as a permissionless spot limit order book for KCC-20 tokens (and, through adapters, KRON tokens) on Kaspa layer 1. The repository also states that the only network the project runs on is testnet-10.
Limit orders let a trader specify the price at which they are willing to buy or sell, rather than accepting a pool-determined price. That model is common on centralized exchanges but has been harder to deliver on-chain without a trusted operator. KOB's design relies on the programmability added to Kaspa this year. According to CoinMarketCap's Kaspa update page, the Toccata hard fork activated on 30 June 2026 enabled native covenants and zero-knowledge proofs on the mainnet. The same page notes that KCC-20 sets rules for fungible tokens, similar to Ethereum's ERC-20 but native to Kaspa's Layer 1.
The Kaspa community FAQ adds that Kaspa covenants express asset logic directly on Kaspa L1 without an external execution environment. KOB is not the only project working in this area. KaspaCom has also opened a public testnet for a decentralized KCC20 order book, according to Kaspa News.
Stress Test Results and Open Review
Ahead of the launch, @KasperoLabs sent 23,874 hostile transactions at KOB's contracts and found no bug. The report stresses that the exercise is not an audit, so it should not be read as a security guarantee.
KOB has now entered open review. The specification is not final, and test tokens have no value. Users should treat the testnet as a developer preview rather than a live trading venue.
The launch comes as Kaspa positions itself as more than a payments network. Independent analysis of the network cautions that Kaspa L1 is not an EVM, and live capability is not a mature DeFi ecosystem. A working on-chain order book would be one early test of whether the base layer can support more advanced trading applications.
Sources
KOB: Kaspa Order Book repository on GitHub
Latest Kaspa (KAS) updates, CoinMarketCap
KaspaCom Opens KCC20 Trading Interface To AI Agents, Kaspa News

@RomeProtocol has put an Ethereum-compatible chain on the developer test network of @CantonNetwork. The chain, called Ostia, runs Ethereum-style smart contracts and settles on Canton, giving developers a way to use familiar EVM tools with Canton's infrastructure.
Each Ostia block comes with a zero-knowledge proof, and Canton records the block and its proof in a single transaction. According to the project's v0.1.0 release notes, every block is proven with the ZisK zero-knowledge virtual machine before it is committed, together with any Canton action tied to it.
What Developers Can Do on Ostia
Developers can deploy with standard Ethereum tools and move Canton Coin ($CC) in and out as a regular ERC-20 token. Tokens issued on Ostia can also appear on Canton as one-to-one twins. Rome's repository documentation describes the mechanism: a Canton token is locked with a gateway contract and a wrapped form is minted on the EVM. For withdrawals, the wrapped token is burnt and the gateway releases the original Canton token.
Ostia has been running on DevNet since October 22 and has committed more than 53,600 blocks so far.
Early-Stage Limits
The deployment is a test release. Rome's documentation states that Ostia is unaudited, its test coin has no value and DevNet may be reset. It also says Rome runs the builder, the prover and the single participant that confirms blocks, and that no other participant confirms Ostia DevNet blocks today. The project's repository advises against using Ostia for anything of value.
The work targets a network built for regulated finance. A Talos report on Canton describes it as a blockchain ecosystem offering privacy, interoperability and fine-grained controls. The same report says Canton was developed by Digital Asset and that its Global Synchronizer uses Canton Coin as its utility token.
For Rome Protocol, Ostia extends beyond its existing Solana-based work. Solana Compass describes Rome as a project that lets applications written for Ethereum run on Solana, and lists Ostia among its newer rollup projects, an EVM chain ordered by Canton and proven with ZisK.
Sources
Rome Protocol: Ostia v0.1.0 release on Canton DevNet
Rome documentation: Ostia start guide
Talos: Inside the Canton Network

Securitize has launched a round-the-clock liquidity facility that lets eligible holders of BlackRock's tokenized fund BUIDL swap it for stablecoins such as $USDC at any hour, weekends included. @ethena ($ENA) supports the facility, and @Securitize operates it.
The facility opens with $50 million, split evenly between $USDC and BUIDL. Another $50 million can be added within about an hour as the first batch is used, taking total capacity to $100 million.
How the Facility Works
BUIDL is formally the BlackRock USD Institutional Digital Liquidity Fund. The facility lets eligible investors trade BUIDL for stablecoins such as USDC and swap those stablecoins back into BUIDL when banks and traditional markets are shut, weekends included. The initial liquidity comprises $25 million in USDC and $25 million in BUIDL.
Securitize acts as the regulated transfer agent handling the operational side, according to Cryptonews. The service is not open to everyone. It is available to eligible investors rather than the general public, which reflects BUIDL's institutional focus, Crypto Briefing reported.
The launch follows earlier work between the two companies. The initiative builds on their existing collaboration around BUIDL and USDtb, Ethena's digital dollar product backed primarily by BUIDL, and the firms first announced the $100 million facility in June, The Block reported.
"With this facility now live, we're taking another step toward a financial system where institutional investors can access liquidity when they need it, not just when traditional markets are open," said Carlos Domingo, co-founder and CEO of Securitize.
Why Off-Hours Liquidity Matters for Tokenized Funds
Tokenized money market funds can move on a blockchain at any time, but redemptions have generally followed traditional market hours. A dedicated pool of stablecoins and fund shares gives holders a defined way in and out outside those hours. Because USDtb is primarily backed by BUIDL, smoother BUIDL liquidity could also help support the usability of that stablecoin, according to Crypto Briefing.
Scale helps explain the interest. BUIDL is described as the largest tokenized money market fund on public blockchains, having gathered $2.5 billion of assets since its March 2024 launch, according to RWA.xyz data cited by Yahoo Finance. The fund is deployed across multiple blockchains, including Ethereum, Solana, BNB Chain and Aptos, and is accepted as collateral on platforms such as Crypto.com and Deribit, TechFlow reported, citing The Block.
One detail differs from earlier reporting. Unchained's June report said holders would be able to move into USDtb as well as USDC, while the November announcement names only USDC.
Sources
The Block: Securitize and Ethena's $100 million BlackRock BUIDL liquidity facility goes live
Unchained: Securitize and Ethena open 24/7 BlackRock BUIDL liquidity facility
Yahoo Finance: BlackRock's $2.5B tokenized fund listed as collateral on Binance

@celestia has published the engineering behind Voyager, its design for a high-speed payments chain. Celestia ($TIA) says the architecture was benchmarked at 21 million transactions per second (TPS) in testing, and that the same design will later be opened to exchanges and margin trading.
One Core, No Contention
Many blockchains pursue speed by spreading work across multiple processor cores. Voyager takes a different route. It keeps every balance update on a single core, so no two tasks compete for the same data.
According to Celestia's engineering blog, in the first full benchmark Voyager processed a sustained 21 million transactions per second across 100 million accounts over five hours. Throughput averaged 21.2 million TPS and peaked at 21.6 million. ChainCatcher reported that execution ran on a single CPU core, with node memory of around 48 GB.
The main bottleneck is fetching data from memory. Voyager addresses this by looking up to 32 transactions ahead and loading the data each one needs before it runs. Saving and publishing the data run as separate stages that do not block each other.
Other design details have been reported by ChainCatcher. Celestia says Voyager splits payment processing into independently scalable threads, so the thread that updates balances is not blocked. Payment logic is built in rather than run through a general-purpose virtual machine, according to KuCoin News. State is stored in a flat table, and each transaction is published to Celestia's data availability protocol, Fibre, so outsiders can replay it and verify that payments were executed correctly.
Limits of the Test and What Comes Next
The figure comes from a controlled environment. ChainCatcher reported that the test ran on a single node and did not include state root computation, cross-machine replication, or real-time state queries at the same scale. Phemex noted that the figure reflects isolated testing rather than live network throughput.
Voyager is also not yet live. Celestia confirmed the execution layer remains in active development and has not been deployed on its mainnet, and KuCoin News quotes the company as saying it is "taking Voyager towards production." Celestia has also said the design extends to multiple cores and Voyager instances, and that sharding storage across more disks lifts the current storage limit.
Celestia positions Voyager as payment infrastructure for agentic commerce, where automated agents pay for content, data and services on demand. Fibre, the data publication layer Voyager relies on, has already launched on mainnet, and Voyager is the first execution-layer product following Celestia's acquisition of Sovereign Labs.
Sources
Celestia Blog: Introducing Voyager, Hyperscale Payments for Agentic Commerce
ChainCatcher: Celestia Launched the Payment Architecture Voyager
KuCoin News: Celestia Unveils Voyager for AI Payments

World Liberty Financial (@worldlibertyfi) has put the first purchases under its WLFI buyback program on-chain. The project bought about 21 million $WLFI on @Aster_DEX in less than 72 hours, and the tokens arrived in its public @BNBCHAIN buyback wallet on Wednesday.
The same wallet sent $10 million in $USD1 to Aster last week. That is ten times the amount spent so far, which implies roughly $1 million in purchases to date.
How the Buyback Program Works
World Liberty announced the program on Nov. 6. CoinDesk reported that the company said it may fund purchases with fees earned from reserves backing its USD1 stablecoin, along with other sources. The stated aim is to encourage more active governance participation and give more voting power to committed long-term holders.
On Nov. 9, the company named Aster as the venue and disclosed the wallet address. TokenPost reported that the disclosure included no buyback budget or timetable. PANews reported that World Liberty said timing, size and execution method depend on available resources and may be adjusted or terminated at any time.
The 10 million USD1 deposit is small relative to the token's market value. One press release carried on openPR put it at under 1% of WLFI's $1.51 billion value, though that source is promotional and the figure should be treated with caution.
Context: A Weak Year for WLFI
The buyback follows a sharp fall in the token's price. CoinDesk reported that WLFI had lost more than 66% so far this year and about 10% in the days before the Nov. 6 announcement. The same report said the project also faces a request for court sanctions from Tron founder Justin Sun in a lawsuit over roughly four billion frozen WLFI tokens.
This is not the project's first buyback. The Crypto Times reported that in November 2025 the project spent about $7.79 million in USD1 to acquire roughly 46.56 million WLFI over about five hours.
WLFI gives holders a role in protocol governance but is not company equity, according to TokenPost. A buyback also does not guarantee a higher price. The effect on voting power will depend on what World Liberty does with the tokens it acquires, which the company has not specified.
Sources
CoinDesk: Trump-backed World Liberty Financial plans token buyback after 66% year-to-date slide
TokenPost: World Liberty Names Aster as Platform for Planned WLFI Buybacks
The Defiant: World Liberty Says WLFI Buybacks Have Begun on Aster

Injective has opened a governance vote on Veyra, a mainnet upgrade filed as proposal IIP-717. According to ChainCatcher, it is the last major upgrade for the network in 2026. $INJ stakers have until Monday to cast their votes, and a yes result would set a target activation date of November 24.
What Veyra Would Change
Veyra is designed to let assets move between Injective's EVM environment and other connected chains. It would also add request-for-quote (RFQ) tools, which allow large traders to ask for prices on sizeable deals rather than placing orders directly into an open market.
ChainCatcher reports that the upgrade also aims to introduce institutional-grade real-world asset (RWA) infrastructure and expand enterprise gateways. The same report says Veyra lays the foundation for native privacy through CypherOS.
Injective's governance model is stake-weighted. As described by Altcoin Reporter in its coverage of an earlier upgrade vote, only staked INJ can vote, and options are Yes, No, No with Veto and Abstain. A proposal passes if it reaches quorum and more than 50% of votes, excluding abstentions, are in favour. A No with Veto share above 33% defeats it.
CypherOS and the Recent Upgrade Cadence
Veyra builds toward CypherOS, the privacy platform Injective first previewed in October. Crypto Briefing describes CypherOS as a native on-chain privacy layer for confidential trading, shielded transactions and private RFQ flows. The same report noted that, as of early October 2026, Injective had not disclosed the full architecture of the platform.
Veyra follows the Meridian upgrade, which went live on September 24, 2026, according to CoinGape. CoinGape reports that Meridian (IIP-701) passed governance with roughly 99% staker support, and that no public CypherOS architecture, cryptography specification or audit report had been released at the time of its coverage.
For INJ holders, the vote is the next step in a run of network upgrades that have moved Injective toward institutional trading, tokenised assets and privacy features. The outcome will be known once the voting window closes on Monday.
Sources
ChainCatcher: Injective Veyra mainnet upgrade open for voting
Crypto Briefing: Injective unveils first demo of CypherOS
CoinGape: Injective confirms CypherOS after Meridian mainnet upgrade

Accountable, a verification firm for crypto institutions, is moving into a second phase that aims to help lenders spot shared exposure to the same borrower before problems spread. CEO @WojtekP of @AccountableData outlined the plan, which the company calls Chapter 2, in a post on X on November 12.
The platform lets crypto firms prove what they hold and owe without exposing private data. The company says more than 60 institutions use it.
A Private Network to Flag Shared Borrowers
The new phase connects those firms in a private network. In practice, two lenders can learn that they have both extended credit to the same borrower, a gap that has been hard to close in crypto lending where each firm sees only its own books.
The idea builds on a design Accountable has described publicly. In a 2024 technical post, the company said lenders on its platform would be linked in a mesh network. Lender A can verify the signed Merkle Root Hash received by Lender B with their ZK proof, confirming that the liabilities they know about are properly reflected in the data Lender B received, all without revealing any sensitive information.
The company's co-founder has tied the product to the 2022 credit crisis. According to lending platform Arch's notes for a February 2026 interview, Pawlowski experienced a $36 million default at Maven 11's credit arm during the 2022 crypto unwind before setting out to rebuild trust in lending.
Vaults V2 Offers Templates for On-Chain Products
Alongside the network, Vaults V2 is designed to let institutions launch loan and fund products on-chain from ready-made templates. Accountable's YieldApp already lists vaults on more than ten chains, including @monad, @arbitrum and @avax, with tokens such as $MON, $ARB and $AVAX tied to those ecosystems.
Pawlowski first presented the plan in October. In a FINTECH.TV interview from TOKEN2049 in Singapore, published October 8, he described Accountable V2 as Chapter Two. FINTECH.TV said it builds on the verification layer that already serves firms like Galaxy, K3 and Valos, adding fund administration services, ratings with Rockaway X, and a more modular vault infrastructure.
Earlier vault deployments show how the products are used. In July 2026, K3 Capital extended a credit facility to Galaxy through an Accountable vault on Monad, which launched with $30 million in committed capital. Accountable's core product is its Data Verification Network, which the company describes as a system for real-time proof of assets and liabilities across onchain and offchain activity without exposing sensitive data.
Sources
FINTECH.TV: Accountable V2 Is the End-to-End Layer That Brings Institutional Finance On-Chain
Accountable: Unveiling Liabilities and Hidden Accounts in Crypto Lending
FinanceWire: K3 Capital Extends a Credit Facility to Galaxy through Accountable's Vault Infrastructure on Monad

SoFi Technologies has expanded SoFiUSD, a stablecoin issued by its national bank subsidiary, to the Polygon (@0xPolygon) network. Polygon Labs said the stablecoin is available on Polygon Open Money Stack, adding to existing Ethereum and Solana support.
SoFi (@SoFi) has described SoFiUSD as the first stablecoin issued by a U.S. national bank on a public, permissionless blockchain. The token is a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A. SoFi Bank is an OCC-regulated national bank, and the token is redeemable one-to-one for U.S. dollars.
What the Polygon launch means for users and businesses
Polygon Labs said SoFi's more than 17 million members can buy, sell, hold, and convert SoFiUSD on Polygon through the SoFi app. Members do not need a separate wallet or manual cross-chain transactions to do so.
For companies, the token connects to Polygon's payments layer. Open Money Stack bundles fiat on- and off-ramps, embedded wallets and cross-chain settlement into a single integration. SoFiUSD joins Circle's USDC, Tether's USDT, and PayPal's PYUSD on the platform.
Polygon Labs CEO Marc Boiron said in the announcement that SoFi combines the regulatory foundation of a national bank with the reach of a major consumer and enterprise technology platform.
Background: SoFiUSD's rollout so far
SoFi introduced the token in late 2025 as part of a wider push into digital assets. The launch positioned SoFi as a stablecoin infrastructure provider for banks, fintechs, and enterprise platforms. SoFiUSD launched across Ethereum and Solana, and it already settles the company's entire card program over Mastercard's network.
Polygon is also leaning on stablecoin payments as a growth area. The company says the chain has processed more than $3 trillion in lifetime stablecoin transfer volume.
SoFi has stressed the limits of the product. SoFiUSD is a payment stablecoin, not a bank deposit, and is not FDIC- or SIPC-insured, bank-guaranteed or legal tender.
The Polygon expansion extends the token's reach across a third major network as banks and fintechs test stablecoins for settlement and cross-border payments.
Sources
The Block: SoFiUSD goes live on Polygon as bank-issued stablecoin expands reach
Decrypt: SoFi Brings Its Bank-Issued Stablecoin to Polygon's Payments Stack
SoFi Technologies: SoFiUSD launch press release

InterLink (@Inter_Link) has announced plans for the InterLink Future Initiative (IFI), a nonprofit program intended to provide educational and financial benefits to future generations. The initiative is part of the project's broader effort to link on-chain activity with real-world opportunities.
What the InterLink Future Initiative Includes
According to the plans, the protocol intends to introduce a $ITLG token allocation and a KYC verification program for minors under 18. Participation would be carried out through their parents or legal representatives rather than directly by the children.
A second component is a scholarship program funded with a basket of $ITLG, $ITL and $USDT tokens. It is designed to help financially disadvantaged students attend university.
The third element is an in-app education portal. It is planned to offer free courses in STEM subjects and languages.
A description of the initiative published on KuCoin's community platform says the program is meant to direct part of the value created within the ecosystem toward education for the next generation. It lists scholarships, financial assistance for children and a free global course library among the planned elements. The same description frames the aim as widening access to knowledge regardless of a family's financial background. That source is a community post rather than an official filing, and its wording on course topics (AI, technology and science) differs slightly from the STEM and languages focus described above.
Background on ITLG and ITL
InterLink runs a two-token system. According to the project's whitepaper, ITLG is the token that verified Human Nodes earn through participation and use across the InterLink App and the ITLX DeFi ecosystem, while ITL is described as the settlement and reserve asset of InterLink Chain. The whitepaper lists ITLG supply at 100 billion and ITL at 10 billion.
ITLG is earned through biometric Proof of Personhood, which InterLink says rewards verified human activity rather than capital investment, according to the project's own explainer.
What to Watch
The programs remain part of an announced vision rather than live services. Community commentary on the initiative notes that delivery would depend on sustainable funding, transparent scholarship selection, accessible learning resources and execution. InterLink has not, in the material reviewed, set out a timeline, the size of the token allocations or the scholarship pool. How KYC for minors would be handled across different jurisdictions is also not detailed in the sources reviewed.
Sources
InterLink Whitepaper: Tokenomics
InterLink Labs: What Is ITLG Token?
KuCoin Square: InterLink Future Initiative and Education Impact

Pi Network's first Ecosystem Summit is set to end with a hackathon whose prize pool is paid in a stablecoin rather than the project's own token. The choice raises a question for $PI holders: where will demand for the token come from once developers start building?
The online event runs from Nov. 17 to 19. According to Pi Network's published schedule, it culminates in the launch of Pi Next, a hackathon with a $200,000 USDT prize pool. TokenPost reported that participation details are due on Nov. 19, the final day, though the schedule does not say who can enter or how entries will be judged.
Developer Tools That Do Not Require PI
Ahead of the summit, the Pi Core Team (@PiCoreTeam) announced four developer updates on Oct. 29. They cover the Developer Portal, Pi BlockExplorer, SoloHost and PiVerify, according to CryptoPotato.
The SoloHost update is the clearest example of a tool that works without PI. A new skill lets AI coding assistants such as Claude Code, Cursor or Codex prepare apps for publication through Pi Desktop, CryptoPotato said. Developers can use it to package and distribute software, and nothing in the update describes a PI payment requirement for that step.
PiVerify Is the Exception
PiVerify is different. It is the project's identity-verification service for outside businesses, and Bitbase reported that Pi says businesses using it pay in PI. TokenPost noted that the October update gave no customer or revenue totals for the service. The latest additions include face uniqueness and multi-liveness checks meant to help businesses spot duplicate identities, Tron Weekly reported.
That makes PiVerify one of the few clear external uses of $PI so far. Whether it, or any app built during the hackathon, can generate demand beyond mining remains unproven. A crypto.news analysis described the USDT prize pool as a developer incentive with its own currency and purpose, and said a demonstration that runs from acquiring the token to a delivered service would show more than a price chart.
The market backdrop is weak. Bitbase reported that PI bounced nearly 15% from an all-time low of $0.0626 on Nov. 9 to around $0.072, while 24-hour trading volume fell roughly 29%. Without sustained use of the token, the demand shortfall is likely to persist.
Sources:
Pi Network: Ecosystem Summit Schedule
TokenPost: Pi Network Sets 200,000 USDT Prize Pool for Pi Next Hackathon
crypto.news: Pi Network has more tools. Where is the demand for PI?

The Depository Trust & Clearing Corporation (DTCC) plans to connect its Tokenization Service to the Solana ($SOL) blockchain, extending the reach of the U.S. market infrastructure provider's push into onchain securities. The integration is scheduled for the second half of 2027.
The announcement, made on November 12, 2026, means eligible assets held at The Depository Trust Company (DTC), DTCC's depository subsidiary, will be able to be tokenized on Solana. The planned integration will bring Solana into the growing network of blockchains supported by the DTCC Tokenization Service (DTS), as part of DTCC's broader multi-chain strategy. The news was also flagged by @The_DTCC and involves the @Solana network.
What DTCC and Solana Foundation Said
Brian Steele, managing director and president of DTCC Clearing & Securities Services, said the service connects traditional market liquidity with digital asset ecosystems through secure, interoperable and market-neutral infrastructure. He added that DTC-tokenized assets made available on Solana, and on all networks integrated with the service, will keep the same investor protections, ownership rights and regulatory safeguards as traditionally held securities.
Nick Ducoff, GM for Institutional at Solana Foundation, said the move links a trusted post-trade name with a network built for always-on markets.
Crypto Briefing noted that the Solana connection is a plan targeted for the second half of 2027, not a finished product.
How the Service Works and Where It Stands
DTC launched the DTCC Tokenization Service on October 28, 2026. The service lets eligible users mint tokenized representations of real-world assets held at DTC. These can be converted between traditional and tokenized forms and delivered to users' digital wallets of choice. DTCC describes these tokenized securities, or digital twins, as retaining the ownership rights, investor protections and economic entitlements of their traditional counterparts.
According to Crypto Briefing, the debut took place on two networks: the Canton Network and DTCC's own private network built on Besu. BitBase reports that Stellar and Circle's Arc are to follow.
The service operates under regulatory relief from the U.S. Securities and Exchange Commission. In December 2025, DTC received a No-Action Letter from the SEC authorizing it to tokenize Russell 1000 constituents, exchange-traded funds tracking major indices, and U.S. Treasury securities. The letter authorizes DTC to offer the service on pre-approved blockchains for three years. DTC currently has more than $114 trillion in assets under custody.
For Solana, the integration would add a major financial market infrastructure provider to its institutional ecosystem. Timing, eligible asset scope and technical details beyond the second-half 2027 target have not been set out in the announcement.
Sources
Solana: DTCC Tokenization Service to Connect with Solana
DTCC: DTCC Tokenization Service Goes Live
Crypto Briefing: DTCC Plans to Bring Tokenized Assets to Solana by 2027

Polkadot's income over the past week reached $1.52, a seven-day high, according to data from @chainspect_app. While the figure marks a record for the period, it works out to about $0.22 a day in fee capture on the network's relay chain.
The reading underlines a long-running question for $DOT: whether the network can earn meaningful income from base-layer execution.
Low Fees Help Users, But Not Revenue
Low transaction costs on the base layer benefit end users. They also mean the relay chain captures very little in fees. Other data providers show a similar pattern, though the exact numbers differ by source and methodology.
Chainspect's comparison pages have shown Polkadot's on-chain revenue in the range of tens of dollars at various points, against figures in the hundreds of thousands of dollars for Solana, according to Chainspect. DefiLlama's Polkadot dashboard has also listed chain revenue of $0 over 24 hours at times, per DefiLlama.
Differences in definitions matter. A report by Crypto Adventure noted that CoinGecko, powered by Token Terminal, showed about $24 in 24-hour fees, while DefiLlama showed $0 in chain fees and revenue at the time. The report said this makes the definition of revenue central to the discussion, and that Polkadot is not a typical fee-heavy smart contract chain whose demand can be read mainly through gas burned (Crypto Adventure).
Architecture and Treasury Funding
Polkadot splits execution across parachains rather than running it on the relay chain itself, which makes headline comparisons with other networks difficult, according to SQ Magazine.
Fee income is also only one part of the network's funding picture. Polkadot's treasury documentation says 80% of transaction fees from submitted extrinsics go to the Treasury and 20% to block producers, while the Treasury is also funded through inflation, slashing and other inflows, as summarised by Crypto Adventure.
The market value of DOT reflects expectations as well as current fees. Analysts cited by Crypto Adventure have argued that low revenue readings still matter because market capitalisation is forward-looking. For Polkadot, the $1.52 weekly figure shows how far base-layer fee capture remains from supporting that valuation on its own.
Sources
Chainspect: Polkadot vs Solana fees and revenue comparison
Crypto Adventure: Polkadot revenue data and DOT network demand
DefiLlama: Polkadot chain fees and revenue

Canton Network, the institutional blockchain ledger, processed more than 5.6 million private transactions over the past week, according to network activity data. Daily volumes stayed above 800,000 throughout the period.
Activity peaked on November 4, when the network handled 888,000 transactions in a single 24-hour window. The protocol maintained confidentiality for participating institutions, each of which could access only the transaction data it is legally entitled to see.
How Canton Keeps Transactions Private
Canton's privacy model is central to its appeal for regulated firms. According to the network's own documentation, smart contracts on Canton ensure each party only receives and records the parts of a transaction that apply to them. Data is shared on a need-to-know basis rather than broadcast to all participants.
Tiger Research describes the same design as selective transparency, allowing institutions to meet regulatory requirements while protecting sensitive information. The approach differs from public blockchains, where transaction details are typically visible to anyone.
The network was originally developed by Digital Asset, a blockchain infrastructure company founded in 2014, according to a Blockworks research report. The same report says Canton Coin ($CC) is the network's native token, used to pay transaction fees on shared public infrastructure, incentivize participation and support the operation of the Global Synchronizer.
Growing Institutional Throughput
The latest weekly figures point to sustained usage rather than isolated spikes. Tiger Research has cited roughly 3 million daily transactions and more than 400 institutions on the network, though its figures date from an earlier period and use different counting methods, so they are not directly comparable with the weekly total above.
Transaction counts on Canton can vary depending on whether they include Canton Coin-related events, application activity or other operations, so figures from different sources should be read with that in mind.
For institutions evaluating blockchain infrastructure, steady daily throughput alongside strict data confidentiality is a key test. Canton's recent numbers suggest the network is handling consistent load while keeping participant data compartmentalised.
Sources
Canton Network: How Canton Network Delivers Institutional-Grade Privacy
Tiger Research: Canton Network, Most Realistic Blockchain
Blockworks: Understanding Canton Network, A Comprehensive Overview

@Backpack has signed a memorandum of understanding (MOU) with Minna Bank, the digital banking arm of Fukuoka Financial Group (FFG), one of Japan's largest regional banking groups. The two sides will explore how traditional digital banking can work alongside on-chain crypto assets in Japan.
Under the arrangement, Backpack's international on-chain infrastructure would be paired with Minna Bank's regulated local accounts. The stated aim is to support payment and asset management services for users in Japan.
What the Agreement Covers
An MOU is a statement of intent rather than a binding commercial contract, and the companies describe the work as exploratory. According to a November 12 announcement, the agreement was made between Minna Bank and Trek Labs Japan, the Japanese subsidiary of the group operating Backpack.
Finwire reports that the partnership will initially focus on allowing Backpack users to deposit and withdraw Japanese yen through Minna Bank's banking infrastructure, provided Trek Labs Japan secures registration as a cryptocurrency exchange operator. Blockonomi adds that both companies will explore tokenized deposits and Backpack investment services within Minna Bank's app.
Backpack is positioned as a cryptocurrency trading platform and multi-chain wallet. Blockonomi notes the link could provide Backpack with a local financial partner as it prepares to enter Japan's regulated cryptocurrency market.
About Minna Bank
Minna Bank is a subsidiary of FFG and is described in company press releases as Japan's first digital bank. It began commercial operations on May 28, 2021. Minna Bank serves 1.3 million accounts, according to a release from the bank issued when it announced its core banking system would be provided to MUFG Bank. The bank acquired its banking licence on December 22, 2020.
The bank is fully digital and app-only, with no passbook or physical branch, according to the Money in Japan directory. FFG, for its part, is listed in Tokyo and is described in the same company releases as Japan's largest regional financial group.
The deal gives Backpack a regulated banking counterparty in a market where crypto exchange operators must be registered. It also gives a regional bank group a route into on-chain services. No timeline, financial terms or launch date for any product has been disclosed, and the work depends on regulatory registration for the Japanese entity.
Sources:
Finwire: Backpack signs agreement with Japan's Minna Bank for crypto services
Blockonomi: Backpack partners with Japan's Minna Bank
Nasdaq (press release): Minna Bank's cloud-based banking system to be provided to MUFG Bank

The Internet Computer (@dfinity) has reported a 13-day run in which the network processed more than 5.2 billion transactions, an average of over 400 million per day. The figure marks a record for the network, according to the project, and lifts activity on the $ICP blockchain to a new high.
Data from @chainspect_app suggests the surge reflects internal contract updates and canister function calls rather than regular financial transfers alone.
Why the Transaction Count Is So High
The distinction matters because of how the Internet Computer counts activity. Smart contracts on the network are known as canisters, and a transaction on the network is effectively a call to one of them. As a result, computation-heavy tasks such as AI inference tests and on-chain database queries are tallied alongside token transfers, according to Crypto News Navigator.
Crypto Times has made a similar point, noting that every interaction with a canister occurs through messages, and that inter-canister calls themselves count as messages. It said this methodological difference helps explain why cumulative figures for the Internet Computer exceed those of networks that process more conventional financial transactions.
The latest record follows a run of high-activity readings. Chainspect reported that the network processed 256.5 million transactions in a single day, averaging 2,969 transactions per second, which marked its busiest day of the quarter, AMBCrypto reported. In May, Chainspect counts showed the network recorded about 6.5 billion transactions over 30 days, more than double Solana's 2.9 billion, DigitalToday reported.
Limits of the Metric
Transaction counts do not directly show user numbers or value moved. AMBCrypto noted that transaction counts alone could not establish the number of users or the value transferred on the network. Startup Fortune has also reported that developers on DFINITY's own forum have questioned how some of the network's transaction figures are calculated, and that the dashboard numbers do not always match independent trackers.
For investors, the record shows heavy network usage but says little about demand for the $ICP token or the economic value of that activity. Readers comparing chains should treat raw transaction totals with caution, since networks define and count transactions differently.
Sources
Crypto Times: Internet Computer (ICP) Tops Blockchain Transactions Chart
AMBCrypto: Internet Computer Tops Solana at 2323 TPS
Startup Fortune: DFINITY Founder Accuses NEAR Protocol of Stealing Its Signature Tech

The 2027 Congress may include more crypto supporters than expected, even as the political outlook for the CLARITY Act grows more complicated after the Democratic midterm sweep.
Fourteen House and Senate races remain uncalled. Three candidates in those races received backing from crypto political action committees (PACs), and according to Stand With Crypto, every candidate in those races is either strongly pro-crypto or has no stated position. The outcomes could influence how the bill moves in 2027.
Where the CLARITY Act Stands
The CLARITY Act passed the House in July 2025 by a 294-134 vote, but failed to advance in the Senate in September 2026 on a 49-50 procedural vote. The 119th Congress ends at noon on January 3, 2027. Law firm Paul Hastings notes that any market structure bill, CLARITY included, would have to be reintroduced from scratch in the new Congress.
Analysts are cautious about the near-term path. TD Cowen analyst Jaret Seiberg warned before the election that the likely results could make it difficult for Congress to pass the CLARITY Act over the next two years. Joseph Chalom, CEO of ether treasury firm Sharplink, said he expects the CLARITY Act to remain on hold through 2028.
Democrats are also reportedly working on alternatives. House Democrats reportedly plan to expand Maxine Waters' Crypto Investor and Consumer Bill of Rights into a broader market structure bill that would give the SEC more oversight.
Crypto Support Across Party Lines
Stand With Crypto's tally suggests the industry has built support in both parties. The group's count stood at 246 crypto supporters and 107 opponents in the House, and 50 supporters and 33 opponents in the Senate. The group endorsed 45 candidates in the midterms, nearly half of them Democrats. Endorsements do not establish agreement on specific legislative provisions, however.
Industry groups are preparing to engage with newcomers. Nearly one in four incoming lawmakers will be new, according to the Blockchain Association, which is already planning outreach to them. Crypto advocates are targeting new members of Congress with no stated crypto position. Blockchain Association acting CEO Kristin Smith said the sector spent the past two years advancing its goals through a Republican-controlled Congress and White House, and that the result has prompted a rethink of strategy.
The final composition of the House and Senate, and the views of lawmakers who are new to crypto policy, will help determine whether market structure legislation can be revived in 2027.
Sources
Cointelegraph: Uncalled Midterm Races Could Add More Crypto Supporters To Congress
CNBC: What Democrats' Midterm Victory Means for Your Crypto Investments
Forbes: What Comes Next for the CLARITY Act After the Midterms

BlackRock's (@BlackRock) BUIDL fund holds $157.37 million on Aptos (@Aptos), according to Nov. 11 figures from RWA(.)xyz. Total distributed asset value on the network has reached $191.11 million, putting BUIDL at the centre of Aptos' tokenized asset base.
BUIDL Dominates Distributed Value on Aptos
On those figures, BUIDL accounts for roughly 82% of the distributed asset value on Aptos. Other institutional products make up a much smaller share. Apollo's tokenized credit fund holds $12.92 million, while Franklin Templeton's BENJI accounts for another $14.78 million.
BUIDL is the BlackRock USD Institutional Digital Liquidity Fund. CoinDesk reported that it was issued with tokenization platform Securitize, launched on Ethereum in March 2024, and expanded in November 2024 to Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet and Polygon. The token is backed by short-term U.S. government bonds, and its price is anchored to $1, CoinDesk said.
The fund is aimed at institutional investors. Bybit's educational guide says the minimum investment is $5 million and the fund is open to Qualified Purchasers.
Aptos Builds Out Its Real-World Asset Presence
The latest figures follow a period of growth in tokenized assets on Aptos. Cointelegraph reported, citing RWA(.)xyz data, that RWA deployments on the network grew 57.1% over 30 days to $542.3 million, placing Aptos among the top three blockchains for such assets behind Ethereum and ZKsync Era. It named Berkeley Square of the PACT Consortium, BlackRock's BUIDL and Franklin Templeton's BENJI as the largest issuers on the network.
The figures cited here use different measures and dates. The $191.11 million total refers to distributed asset value, while the earlier Cointelegraph figure covers a broader set of RWA deployments reported at the time.
Tokenized real-world assets have drawn growing interest from large asset managers. BlackRock, Franklin Templeton and Apollo all now have live tokenized products, with BENJI and BUIDL among the most prominent examples. As a result, chains such as Aptos are competing to host these funds, with figures from data providers such as RWA(.)xyz used to track their progress.
Sources
CoinDesk: BlackRock Expands Tokenized Fund BUIDL Beyond Ethereum to 5 New Blockchains
Cointelegraph: Aptos Becomes Top 3 Blockchain for RWA
Bybit Learn: BlackRock's BUIDL, A Guide to Tokenized Yield-Bearing Funds

NEAR Mobile (@NEARMobile_app) has released an update that brings post-quantum vaults to users' phones, extending quantum-resistant account security to mobile self-custody on the NEAR (@NEARProtocol) $NEAR ecosystem.
The vaults sign transactions with ML-DSA, the NIST-standardized cryptographic scheme that NEAR Protocol added to mainnet in July. Users can send, receive and stake from these accounts. The update also includes improved backup options.
What ML-DSA Is and How NEAR Adopted It
ML-DSA, short for Module-Lattice-Based Digital Signature Algorithm, is based on the CRYSTALS-Dilithium algorithm. According to the NIST post-quantum standardization program, NIST released final versions of its first three post-quantum standards on August 13, 2024.
NEAR Protocol activated post-quantum signing on mainnet on July 20, 2026, through its 2.13 network upgrade. A press release published at the time said the upgrade made NEAR one of the first layer-1 blockchains with a NIST-approved post-quantum signing scheme live on mainnet. It allows accounts to rotate their keys to protect against future quantum attacks that could break today's signing methods.
NEAR's account model made the change simpler. Accounts use human-readable IDs controlled through rotatable access keys rather than a single keypair, so users can switch signing methods without moving assets to a new account, the same release said.
Limits and What Comes Next
The upgrade does not make the whole network quantum-resistant. NEAR's own roadmap lists securing validator consensus as the next major step, and notes that post-quantum signatures are much larger than other schemes, so the Near One team is working on efficiency. The roadmap also said several ecosystem wallets were updating to support quantum signing, with Meteor Wallet live and others, including Ledger, coming soon.
According to a later report from The Quantum Insider, NEAR has set out a timeline that includes consensus upgrades in the second half of 2027, with inbound cross-chain transactions beginning in 2027.
For mobile users, the NEAR Mobile update adds a practical route to hold and stake assets in accounts secured by the newer signature scheme, rather than relying on classical keys alone.
Sources
NEAR Protocol press release on quantum-safe signing (PRNewswire, via AI Journal)
Quantum-Safe NEAR: The Roadmap to Post-Quantum Security (NEAR)
Quantus Launches Post-Quantum Asset QTC on near.com (The Quantum Insider)

BlackRock's (@BlackRock) spot Bitcoin ($BTC) ETF recorded $269.7 million in net outflows on November 11, accounting for most of the day's withdrawals from US-listed Bitcoin funds. Overall, US spot Bitcoin ETFs recorded $299.9 million in net outflows on November 11, extending withdrawals to five trading days.
Grayscale's (@Grayscale) GBTC accounted for another $39.13 million in outflows. Morgan Stanley's (@MorganStanley) MSBT was the only fund to report inflows, adding $8.96 million. Of the 12 ETFs, MSBT was the only one to attract inflows.
BlackRock's IBIT Accounts for Most of the Withdrawals
The fund involved is the iShares Bitcoin Trust (IBIT). Its $269.73 million in withdrawals made up nearly 90% of the $299.9 million total. IBIT's withdrawals alone exceeded the market's total inflows of $8.96 million.
The outflows reflect investor behaviour rather than a decision by the asset manager. Crypto Briefing noted that the outflows come from client redemptions of ETF shares, not from BlackRock deciding on its own to dump coins. The same report said IBIT holds roughly 62% of total US spot Bitcoin ETF holdings, which helps explain why its flows tend to dominate the daily totals.
Data from Farside, cited by CoinCentral, shows that across five trading sessions beginning November 5, Bitcoin funds lost $1.4379 billion. Reports differ on how long IBIT's own losing streak has run. Crypto Briefing counted seven straight sessions of outflows, while another report put the figure at nine, so the exact tally depends on the data provider.
Wider Market Context
Despite the withdrawals, the category remains large. According to SoSoValue data, total net assets stood at $93.70 billion, equivalent to about 6.24% of Bitcoin's market capitalization. Cumulative net inflows since launch stand at roughly $55.10 billion.
Ether products were also under pressure. Ether ETFs lost $144.8 million the same day, $129.8 million of it from BlackRock's ETHA.
MSBT, which launched in April, has been a consistent source of small inflows. CoinDesk reported that the fund carries a 0.14% expense ratio, making it the cheapest spot bitcoin ETF, though it remains far smaller than IBIT. Its November 11 gain of $8.96 million was modest against the scale of the day's redemptions.
Spot ETFs are widely tracked as a gauge of institutional demand for Bitcoin, so a run of daily outflows tends to draw attention to market sentiment. Bitfinex said in a report that a slowdown in ETF outflows could be an early sign that the market is approaching a bottom, though a slower pace alone is not enough to confirm a recovery.

About 11.5 million posts on X targeted $XRP users with fake rewards and airdrop promises over the past 30 days, according to an analysis by XRP Ledger Foundation community director Hussein Zangana (@Vet_X0).
Zangana, who posts as Vet, said the figure came from an analysis of X's API. He published the estimate on November 10. Spread evenly across the period, the total averages about 383,000 posts a day, or nearly 16,000 an hour, according to a calculation by Finbold.
How the Scams Work
The posts promise rewards and free tokens to lure users into clicking malicious links or connecting their wallets, according to Zangana. Users risk losing funds if they interact with those links or sign harmful transactions.
Security researchers describe a common pattern. A typical fake XRP airdrop page, as documented by PCrisk, prompts visitors to connect a wallet, after which a drainer transfers their funds to an address controlled by the attackers. No reward is delivered.
Scammers have also exploited trusted accounts. In October, Ireland's national police account on X was compromised and used to promote a fraudulent XRP and Xaman airdrop, according to Cryptonews. Xaman founder Wietse Wind has separately warned that more than 20 new X accounts impersonating the wallet appear each day.
Limits of the Figure and Wider Context
The number counts posts, not confirmed victims or financial losses. It does not say how many accounts or campaigns produced the posts, or how many users engaged with them. KuCoin News also noted that the underlying query parameters and full dataset were not published, so the total is Zangana's reported analysis rather than an independently reproducible X statistic.
Zangana cautioned that the problem is not unique to $XRP. In a follow-up response, he said similar scam comments appear around Ethereum and Solana discussions, describing it as an industry-wide issue, according to Cryptonews.
The warnings are not new. In May, Ripple CTO David Schwartz said scams targeting XRP Ledger users had escalated sharply, and that connecting a non-custodial wallet to fraudulent sites can trigger wallet-drainer transactions.
The practical guidance for holders is unchanged. Legitimate projects do not require users to send $XRP first to receive more, disclose private keys, or approve unexplained wallet transactions to claim an airdrop. Users should verify announcements through official channels before clicking links or connecting a wallet.
Sources:
Cryptonews: XRP Scam Alert, 11.5M Scam Posts Targeting XRP Community in 30 Days
PCrisk: XRP Ledger Airdrop Scam Removal and Recovery Steps
Finbold: Warning, XRP Scam Activity Is Operating at Massive Scale