Wall Street’s blockchain plans lead today’s crypto news, alongside new banking services, corporate treasury disclosures and exchange developments. This roundup covers announcements and fresh disclosures published on November 9, with reporting periods and future launch dates identified below.
NYSE Selects Avalanche for Tokenized Securities Settlement
Ava Labs announced that Avalanche will provide the settlement ledger for an upcoming tokenized securities platform affiliated with the New York Stock Exchange. The proposed venue is designed for continuous trading and settlement, subject to regulatory approvals. NYSE said the platform would accommodate equities issued across multiple blockchains, while Avalanche would handle the ledger recording and settling trades.
Coinbase Announces Final National Trust Charter Approval
Coinbase disclosed on November 9 that it had completed the approval process for Coinbase National Trust Company, bringing its custody business under a federal regulatory framework. OCC records show the charter became effective on November 6, following preliminary approval in April. The authorization covers trust activities and custody rather than the ordinary deposit-taking and lending functions of a commercial bank.
PNC Introduces USDC Payment Pilot With Coinbase
PNC and Coinbase announced a pilot allowing eligible corporate and institutional customers to receive payments in USDC. The stablecoins will be converted into dollars at a one-to-one rate before the proceeds reach designated PNC bank accounts. Coinbase supplies the stablecoin payment infrastructure, while PNC handles the banking and treasury services.
Strategy Discloses Another $81.9 Million Bitcoin Purchase
Strategy’s November 9 filing reported the acquisition of 1,036 BTC between November 2 and November 8, at an average cost of $79,012 per coin, including expenses. The company reported total holdings of 850,364 BTC following the purchases. It also disclosed spending $188.3 million to repurchase its STRC preferred shares during the same period.
Bitmine Reports Holdings Above 6 Million ETH
Bitmine said it acquired 9,587 ETH during the preceding week, bringing its Ethereum holdings to 6,070,092 tokens as of November 8. In Monday’s disclosure, the company calculated that its position represented approximately 4.97% of ETH supply. It also reported that more than 5.22 million ETH from its treasury was staked.
Sharplink Reports $751.4 Million Quarterly Profit
Sharplink released third-quarter results showing net income of $751.4 million, with crypto asset gains accounting for most of the result. These included $676.7 million in unrealized gains and $75.2 million in net realized gains, primarily connected to its Ethereum treasury activities. Revenue for the quarter ended September 30 reached $13.5 million, up 24% from a year earlier.
Formation Files Notice for Solana Stock-Trading Venue
Formation Securities notified the SEC on November 9 that it intends to operate a tokenized securities venue on Solana under the regulator’s conditional Innovation Exemption. Trading is expected to begin in early 2027, with tokenized shares of Exodus, Forward Industries and Galaxy Digital anticipated among the initial offerings. The proposed structure preserves shareholder rights, including dividends and voting, while restricting access to verified participants.
Elliptic Reveals Memecoin Laundering Linked to Binance Theft
Elliptic published new findings describing how actors laundering assets from the Binance hack created disposable memecoins to move funds through decentralized exchange pools. The firm traced approximately 117,000 stolen NEAR, valued at about $430,000, through this method. Elliptic said the additional trades complicate investigations but leave a blockchain trail that analysts can still follow.
Hypercall Begins Deployment as Elysium Mainnet Opens
Hypercall announced a phased deployment of its options platform alongside Elysium’s public mainnet launch on November 9. Developed by Kinetiq, Elysium settles to HyperEVM and uses HYPE to pay network fees. Direct access to HyperCore’s trading infrastructure remains planned for a later network upgrade.
Backpack Wallet Adds TRON Support
TRON DAO announced an integration enabling Backpack Wallet users to manage TRON assets, including TRC-20 USDT, through its mobile application and browser extension. The update also provides access to supported cross-chain transfers and TRON applications, with users retaining control of their wallet keys.
Space and Time Launches Enterprise Data Platform
Space and Time introduced an enterprise product designed to verify calculations performed on confidential business data without exposing the underlying records. The company said the platform can operate within a business’s own systems, supporting uses such as financial reporting, audits and AI applications. Maple Finance, Indomobil, Trenez and The Data Foundation were named among its launch partners.
Bybit Adds Japanese Equity Exposure to RWA Earn
Bybit announced the addition of JPE to RWA Earn, introducing the platform’s first equity product through exposure to a Japanese high-dividend strategy managed by SBI Asset Management. The offering uses Plume’s JPE wrapper around DigiFT’s JX token, with subscriptions and redemptions denominated in USDC. The announced minimum subscription is 5,000 USDC, and settlement follows a T+5 schedule subject to the relevant market holidays.