Hello crypto fam,
This week in crypto has been anything but quiet. In the markets, ETF filings picked up pace, a $93M fund collapse sent shockwaves through DeFi, and Solana’s bold move to roll out tokenized IPOs could redefine how capital markets work. Meanwhile, in the US, Trump has talked about turning America into a “Bitcoin superpower,”
Here’s your quick, no-fluff recap of what happened in crypto this week. If you’re not subscribed yet, now’s the time. Hit that subscribe button now to stay up to date with the latest happenings in the cryptoverse.
Solana Unveils Plans for On-Chain IPOs and Expands Stablecoin Partnerships
Solana Foundation President Lily Liu announced bold plans to create an “internet capital market” that will enable native on-chain IPOs, allowing companies to issue and trade tokenized shares directly on the blockchain. The initiative aims to enhance liquidity, transparency, and accessibility across global capital markets by replacing traditional intermediaries with blockchain-powered automation and compliance tools.
Alongside this innovation, Solana is deepening its role in the $307 billion stablecoin market through partnerships with Franklin Templeton and Western Union, while also supporting Revolut’s U.S. Dollar Payment Token (USDPT) launch. Together, these initiatives position Solana as a leader in bridging traditional finance with blockchain, reshaping how assets are issued, traded, and settled worldwide.
Other News Making Waves
- Franklin Templeton, Canary Capital, and Bitwise have amended their filings to fast-track spot XRP ETFs, removing SEC delaying clauses and positioning for possible launches by mid-November. (More)
- Former NRL player Trent Merrin was charged with allegedly stealing AUD $140,000 in cryptocurrency, as police seized devices from his home amid Australia’s intensified crackdown on crypto-related fraud and new proposals for stricter exchange licensing. (More)
- Senator Cynthia Lummis renewed calls for a U.S. Strategic Bitcoin Reserve to offset the $37 trillion national debt, advocating Bitcoin as a long-term fiscal hedge akin to gold. (More)
- Tau Net introduced a logic-based governance model that replaces token voting with computational consensus, automating decision-making and code execution to combat DAO inefficiencies and prevent whale dominance. (More)
- Crypto treasuries have emerged as hidden drivers of Bitcoin’s price decline, as overleveraged firms raised funds through hype and debt, triggering forced asset sales and token unlocks that flooded the market, though the sector continues to expand despite risks. (More)
- Willy Woo says Michael Saylor’s Strategy is unlikely to sell Bitcoin during the next bear market, thanks to flexible convertible debt terms that allow repayment in shares or cash, requiring MSTR to stay above $183 by 2027 to avoid tapping BTC reserves. (More)
- Wintermute reports crypto continues to lag traditional markets despite global rate cuts and liquidity expansion, with ETF inflows and token activity stagnating while stablecoins remain the sole growth engine, signalling liquidity misallocation away from digital assets toward equities and AI sectors. (More)
- Wintermute CEO Evgeny Gaevoy dismissed rumours of a lawsuit against Binance as “complete bullshit,” after false claims from an unverified X account triggered a 3% market drop to $3.65 trillion, urging users to rely on verified sources amid widespread FUD and mass liquidations. (More)
- U.S. crypto and AI czar David Sacks warned that the real danger of AI lies in government surveillance and censorship rather than rebellion, criticizing over-regulation for embedding political bias, while calling for clearer crypto rules and freer AI innovation to preserve competitiveness. (More)
- Stream Finance halted deposits and withdrawals after disclosing a $93M asset loss tied to an external fund manager, as its stablecoin XUSD depegged to $0.51, raising broader concerns over protocol risk management. (More)
Around the World: Bold Moves and Regulations
- Miami Mayor Francis Suarez increased his Bitcoin salary by 300%, reinforcing his goal to make Miami a global crypto hub, as he expands options for residents and employees to transact in BTC and attract blockchain businesses to the city. (More)
- The UK will align its stablecoin regulations with the U.S. to balance innovation and financial stability, with the Bank of England set to release a consultation paper on November 10 detailing rules for systemic stablecoins. These rules will include temporary holding caps reflecting the UK’s mortgage market structure and cautious approach. (More)
- Trump urged the U.S. to embrace cryptocurrency and become a global Bitcoin superpower, declaring an end to Washington’s “war on crypto” through new executive reforms, while warning that China could dominate if America fails to lead in digital assets. (More)
- Swedish asset manager Virtune launched Europe’s first stablecoin ecosystem index ETP across Nasdaq and Xetra, giving investors exposure to blockchains supporting stablecoin networks rather than the coins themselves. (More)
Market Trends: Winners and Losers
Top 5 Gainers 📈
According to data from CoinGecko, these are the five biggest gainers of the week:
- DeAgentAI +523.33%, from $1.20 to $7.48
- Sudeng +315.02%, from $0.00190929 to $0.00792464
- Internet Computer +126.87%, from $2.94 to $6.67
- SOON +98.63%, from $0.714754 to $1.42
- Dash +110.97%, from $52.19 to $110.10
Top 5 Losers 📉
According to data from CoinGecko, the five biggest losers of the week are:
- Stables Labs USDX -38.29%, from $0.998064 to $0.615891
- Humanity -62.86%, from $0.287613 to $0.106825
- AtomOne -33.86%, from $3.16 to $2.09
- ChainOpera AI -31.00%, from $1.50 to $1.035
- XPIN Network -43.25%, from $0.00706608 to $0.00401263
Project Spotlight
Chainlink and Chainalysis Partner to Automate On-Chain Compliance
Chainlink and Chainalysis have announced a strategic partnership to integrate Chainalysis’ KYT risk intelligence with Chainlink’s Automated Compliance Engine (ACE), enabling institutions to enforce real-time, policy-based compliance across multiple blockchains. The integration, launching in Q2 2026, will automate processes like asset transfers, minting, and redemptions based on KYT alerts, eliminating the need for manual oversight.
Why It Matters:
This collaboration bridges blockchain security and automation, creating a unified compliance standard that strengthens trust, transparency, and institutional adoption by turning risk intelligence into actionable, cross-chain enforcement.
Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.
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