Cryptoccino — Friday 13 November 2026

Strategy dropped from MSCI indexes on 30 November. MSCI confirmed it will remove Strategy from its benchmarks at month-end, a consequence of its near-total pivot away from operating revenues toward bitcoin treasury activity. Passive funds tracking those indexes will be forced sellers, potentially constricting the equity-issuance machine Saylor has used to fund BTC accumulation. coindesk decrypt

Canaan mulls further BTC sales as miner rig revenue collapses 96%. The Chinese mining hardware maker reported that equipment sales revenue has cratered year-on-year, leaving its bitcoin stockpile as the main financial lever. The company said it may liquidate more BTC to fund share buybacks, adding another potential source of market supply. coindesk

Gemini revenues fall to $41 million in Q3 as trading volumes drop 73%. The Winklevoss-led exchange posted a narrower-than-expected loss for its fifth consecutive quarterly shortfall since going public, but the volume figure underlines how far it has fallen behind Coinbase and offshore competitors. Shares rose after-hours on the beat-versus-estimate headline; the stock is still roughly 75% below its IPO price. theblock bloomberg_crypto

Nomura exploring a sale of its Laser Digital crypto arm. Four consecutive quarters of European losses have prompted Nomura to weigh offloading the digital-asset subsidiary it launched in 2022. Any deal would signal how traditional finance is reassessing its crypto build-out ambitions in a tighter market. coindesk

DTCC adds Solana to its tokenised-securities settlement roadmap for H2 2027. Wall Street’s central clearing house will bring tokenised stocks and Treasuries to Solana alongside Canton Network and Hyperledger Besu, following its live rollout last month. The move significantly broadens Solana’s institutional surface area and validates its throughput case for settlement-grade use. theblock coindesk decrypt

Visa adds Anchorage-issued USDPT to VisaNet for real-time settlement. Western Union’s USDPT stablecoin, issued and custodied by federally chartered Anchorage Digital Bank, can now be used to settle obligations directly on VisaNet. It is the first bank-chartered stablecoin to reach Visa’s settlement rails, and the tie-up gives the instrument instant global merchant reach. theblock decrypt

Securitize and Ethena launch $100 million BUIDL liquidity facility. Eligible holders of BlackRock’s BUIDL tokenised fund can now swap into USDC and other stablecoins around the clock through the new facility, removing the redemption friction that has long been cited as an institutional barrier. It’s a direct upgrade to the liquidity profile of the leading tokenised Treasury product. theblock

Gemini sells its UK and European business to KAST for under $10 million. The stablecoin payments firm picks up the regulated EU and UK entities at a price that reflects how little traction Gemini built outside the US. The disposal lets Gemini focus capital on its home market while KAST gains regulatory licences it would otherwise spend years obtaining. coindesk

DOJ moves to seize $1.2 billion from North Korea’s Binance hack, with $2.7 billion frozen overall. The Justice Department obtained court approval to seize $1.2 billion attributed to TraderTraitor, the Lazarus Group unit responsible for the $6.3 billion Binance theft. Tether and Circle both participated in the freeze, bringing the total amount immobilised across stablecoin issuers and exchanges to $2.7 billion. Binance separately confirmed it has now fully reimbursed all $6.3 billion in affected customer assets. theblock coindesk bloomberg_crypto decrypt

ARK data: hackers took 57 cents for every dollar earned on-chain in 2026. ARK’s research director calculated that $8.7 billion in crypto thefts year-to-date already exceeds projected total on-chain revenue across the industry. The ratio frames the security problem not as a headline risk but as a structural drag on net value creation. cointelegraph_defi

TRM Labs launches Beacon Concierge for rapid law-enforcement asset freezes. The new service sits on top of the existing 200-member Beacon Network, which covers 80% of crypto trading volume, and is designed to let police initiate asset freezes in minutes rather than days. It is a direct competitor to the Tron-Tether-Chainalysis Digital Crime Task Force announced the same week. theblock cryptobriefing

Unocoin login suspension extends as BitGo ETH transactions flagged. Indian exchange Unocoin remains partially offline, now flagging outgoing Ethereum transactions processed through BitGo as the multi-day incident continues without a clear public explanation. India’s Enforcement Directorate separately raided CoinDCX and Delta Exchange this week over alleged illegal offshore routing via a Costa Rican shell entity. theblock decrypt

Trump names new SEC and CFTC nominees, including a Hester Peirce successor. The White House put forward a bipartisan slate that includes a former CFTC commissioner and two legislators associated with the CLARITY Act, the digital-asset market-structure bill that passed committee earlier this year. The picks signal an intent to fill the regulatory seats that have kept crypto rulemaking in limbo, though Senate confirmation timelines remain uncertain. coindesk cointelegraph_regulation theblock

DOJ, a16z, Paradigm and Uniswap jointly challenge Illinois’s crypto transaction tax. An unusual coalition filed court briefs arguing the state’s 0.2% levy on digital-asset transactions applies even on loss-making trades, is practically unenforceable, and may pre-empt federal law. The Justice Department’s participation alongside industry heavyweights dramatically raises the legal pressure on Springfield. decrypt theblock cointelegraph_regulation

Louisiana sues Kalshi, Robinhood and other prediction market platforms. The state joins a growing list of jurisdictions pushing back on federally-regulated event contracts, arguing prediction markets violate state gambling laws. The case will likely force a definitive federal-versus-state jurisdiction ruling that could either legitimise or severely constrain the prediction market sector. theblock

US Treasury developing a formal custody framework for government-held Bitcoin. The Treasury is reportedly moving away from ad-hoc seizure storage practices toward documented cold-wallet security standards for the BTC held as a strategic reserve. Formalising custody could matter considerably if the reserve is ever used as collateral or deployed in other policy actions. cryptobriefing cryptobriefing

What else is grinding?

• Ethereum researchers have deprioritised faster block times to accelerate quantum-resistance work, targeting a post-quantum signature scheme by 2027. coindesk
• Tron, Tether and Chainalysis launched the Digital Crime Task Force to proactively trace and freeze illicit USDT, weeks after their near-identical T3 unit with TRM Labs quietly folded. decrypt theblock
• Tether Gold received a clean KPMG audit confirming $2.2 billion in physical gold backing, making it Tether’s second product to clear a Big Four review. decrypt theblock
• Thailand is proposing a $148,000 daily cap on stablecoin deposits and withdrawals at crypto exchanges while simultaneously piloting a tourist crypto-to-baht payment app. cointelegraph_regulation bloomberg_crypto
• Kalshi terminated Donald Trump Jr.’s advisory contract after 1789 Capital made an investment in rival platform Polymarket, which itself laid off staff this week under investor pressure. coindesk coindesk
• BNY tapped Figment to provide validator infrastructure for institutional staking through its existing Digital Asset Custody platform. theblock

Last sip. Strategy loses its index seat at month-end, its BTC stockpile stays, and nobody yet knows whether the buying machine still works without passive equity flows behind it.