🏦 SoFi Offers Crypto, Uniswap Overhaul, Quantum Threat

Good afternoon,

Recent developments are reshaping crypto access, governance, and regulation. SoFi has become the first U.S. national bank to offer crypto services, while Uniswap has proposed a major governance overhaul to activate protocol fees, burn UNI, and reduce the token’s total supply. Meanwhile, Willy Woo has outlined a simple plan to protect Bitcoin from quantum threats, and the House is preparing to vote on reopening the U.S. government after the Senate passed the bill.

Check out more news below! 👇

News Roundup

Artificial Intelligence

• SoftBank Sells $5.8B Nvidia Stake, Shifts Focus to OpenAI Investments (AP)

Decentralized, Centralized, & Traditional Finance

• Bakkt Posts $28.7M Q3 Profit Amid Strategic Overhaul, Shares Fall Despite 241% Gain (The Block)

• SUI Group Partners With Bluefin to Drive Institutional Adoption of On-Chain Trading (Business Wire)

• Standard Chartered, DCS Launch Stablecoin Credit Card in Singapore (The Block)

• DBS, JPMorgan Collaborate on Tokenized Deposit Interoperability Framework (The Block)

• Brazil Classifies Stablecoin Payments as Foreign Exchange Under New Rules (Cointelegraph)

• Lido DAO Proposes Automated LDO Buyback (Lido)

• SoFi Becomes First U.S. National Bank to Offer Crypto Services (Bitcoin Magazine)

• Transak Gains 6 New U.S. State Licenses to Expand Stablecoin Payment Network (Cointelegraph)

• Tether Hires Top HSBC Traders to Expand $12B Gold Reserve (Bloomberg)

• FIS and Intain Launch Tokenized Loan Marketplace on Avalanche (CoinDesk)

Exchanges

• Uniswap Proposes Governance Overhaul to Activate Fees and Introduce UNI Burn Model (Uniswap)

• eToro’s Crypto Revenue Triples to $3.97B in Q3, but Rising Costs Erode Margins (The Block)

• Coinbase Launches 3.75% FSCS-Protected Savings Accounts in UK (The Block)

Exchange-Traded Funds

• U.S. Bitcoin spot ETFs recorded $1.15 million in total inflows on Nov. 10.

• On Nov. 10, U.S. Ethereum spot ETFs saw zero inflows.

• U.S. Solana spot ETFs saw $6.78 million in net inflows on Nov. 10.

• First XRP Spot ETF Set to Launch Thursday After Nasdaq Approval (Eleanor Terrett)

Infrastructure

• EF dAI Team, Ethereum Foundation Collaborate on 2026 Decentralized AI Roadmap (Davide Crapis)

• Startale Launches Super-App for Sony’s Soneium Blockchain (The Block)

• Vitalik: ZK Proofs Alone Can’t Provide Coercion-Resistant Voting (Vitalik Buterin)

Markets

• Trump-Themed Tokens Surge as President Floats ‘Tariff Dividends’ Stimulus (The Defiant)

• Gemini Shares Hit Record Low Despite 52% Revenue Jump in First Post-IPO Report (The Block)

• McRib Returns — and Bitcoin Rises, Reviving the Internet’s Favorite Correlation (Decrypt)

• Uniswap Token Surges 38% After Fee Switch and Burn Proposal Announced (Cointelegraph)

• Ethereum Whales Accumulate as Fusaka Upgrade Nears (Decrypt)

• Institutions Pivot From Speculation to Diversification in Crypto: Sygnum Report (Decrypt)

• Bitcoin Holds Near $105K as Institutional Flows, Policy Clarity Lift Market (The Block)

• NFTs and Memecoins Rebound After Month-Long Crypto Slump (Cointelegraph)

• Ethereum Holders Back in Profit as ETH Targets $4K Breakout (Cointelegraph)

• Cardano Whales Buy $200M in ADA Despite ETF Approval Freeze (DL News)

• Bitcoin Steadies at $104K as Shutdown Deal Nears House Vote (The Defiant)

• Polymarket Partners With Fantasy Sports App PrizePicks Ahead of U.S. Relaunch (The Block)

Mining

• TeraWulf Shares Dip After Hours Despite 87% Revenue Jump (Decrypt)

• Bitdeer Shares Plunge 20% as Bitcoin Miner Reports $266M Q3 Loss (Decrypt)

• CleanSpark Stock Falls as Miner Upsizes Convertible Notes to $1.15B (Decrypt)

Politics & Regulation

• US Treasury, IRS Clear Path for Crypto ETFs and Trusts to Earn Staking Rewards (Cointelegraph)

• Argentina Freezes Funds in Libra Meme Coin Probe Tied to President Milei (Decrypt)

• Senate Ag Committee Releases Draft Crypto Oversight Bill (CoinDesk)

• Brazil Expands Financial Regulations to Cover Crypto Service Providers (The Block)

• China Accuses U.S. of ‘Stealing’ 127K Bitcoin From 2020 Mining Hack (Decrypt)

• UK’s ClearToken Gains FCA Approval to Launch Regulated Digital Asset Settlement System (The Block)

• Senate Passes Bill to Reopen U.S. Government, House Vote Next (Cointelegraph)

Token Generation Events

• Binance Adds Allora (ALLO) as 58th HODLer Airdrop, Lists Nov 11 (Binance)

• Monad ICO Becomes First to Fully Disclose Market Maker Agreements (Coinbase)

• MegaETH Revokes $1M ICO Allocation After Investor Mentions Hedging on X (DL News)

Venture Capital

• Crypto VC Landscape Tightens as Capital Flows to Infrastructure and Stablecoins (Cointelegraph)

• YZi Labs Makes Biotech Investment in Regenerative Medicine Firm Renewal Bio (YZi Labs)

• Lighter Raises $68M at $1.5B Valuation as VCs Pile Into Perp DEX Infrastructure (The Block)

Other News

• China’s Blockchain Sector Set to Surge 71% by 2027, Driven by AI Integration (DL News)

• Five Seasonal Market Cycles Every December Traders Should Watch (Cointelegraph)

• Willy Woo Shares Simple Strategy to Mitigate Bitcoin’s Quantum Threat (Cointelegraph)

• 61% of Institutions Plan to Boost Crypto Exposure Despite October Crash: Sygnum (Cointelegraph)

• Fraudster Behind UK’s Largest Bitcoin Seizure Jailed for 11 Years (Decrypt)

• Researcher Urges Immediate Migration to Post-Quantum Encryption (Cointelegraph)

• ZKsync Developer: Privacy Tools Rising Amid Institutional Blockchain Adoption (Cointelegraph)

• Supermodel Han Hye-jin’s YouTube Hacked to Show Ripple CEO Deepfake (DL News)

• Prosecutors Seek Retrial for MIT Brothers in $25M Ethereum Fraud Case (The Block)

Check This Out!

The Bitcoin Volatility Index has steadily declined since 2011, suggesting that Bitcoin’s market is maturing, with reduced speculation and greater integration into traditional financial systems.

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