Author: James Wilson

Visa has added Monad to its stablecoin settlement program, which now processes payments at an annualized pace of more than $25 billion. Summary Monad now supports stablecoin settlement of Visa obligations for participating issuers and acquirers. Visa reported a settlement run rate above $25 billion during its October earnings call. Private Settlement remains a proposed Monad feature, with institutional access controls built into its design. Monad confirmed the integration in a Nov. 10 post, saying participating issuers and acquirers can now settle their Visa obligations in stablecoins on the network. The announcement covers the movement of funds between payment institutions…

Moody’s Ratings has completed a Chainlink-powered pilot to distribute credit ratings across multiple blockchains simultaneously, testing how its credit information could reach tokenized markets without changing established publication processes. Summary Moody’s tested simultaneous ratings distribution across permissioned and permissionless blockchain networks using Chainlink CCIP. Representative test data was used, with no actual rating actions published onchain. TIE had already reached Canton and Solana before the latest cross-chain pilot. Participating networks, issuers, and a production launch date were not disclosed. Chainlink said in its Nov. 10 announcement that the project connected Moody’s Ratings Token Integration Engine, known as TIE, with its…

The XRP Ledger Foundation has outlined a proposal to introduce quantum-resistant account signatures using the ML-DSA-44 standard, allowing XRP holders to replace vulnerable signing keys without paying higher base transaction fees. Summary XRP Ledger proposes ML-DSA-44 signatures to protect accounts against potential future quantum computing attacks on cryptography. Account owners could replace their signing keys and disable vulnerable master keys without changing addresses. The proposal retains existing base transaction fees despite substantially larger public keys and digital signatures. Ripple targets a full quantum-resistant transition by 2028, subject to testing, development and validator approval. The Foundation estimates review, auditing and implementation…

Initia has halted its layer-1 blockchain for the second time in less than three weeks after attackers used compromised rollup infrastructure keys to carry out unauthorized transfers, while its native INIT token gained more than 60%. Summary Initia halted its layer-1 blockchain at 06:18 UTC on November 10 following unauthorized escrow transfers. Compromised rollup infrastructure keys allegedly enabled attackers to fabricate IBC transfers from affected escrow accounts. Initia reported approximately $615,000 in unauthorized transfers, while CertiK identified roughly $636,000 across 16 transactions. INIT gained 61.31% over 24 hours, with trading volume reaching approximately $84.81 million, CoinGecko reported. The November incident…

Binance has stopped processing cryptocurrency transfers involving MEXC Global and its affiliated entities after US regulators identified the exchange as a primary money laundering concern over $16 billion in alleged illicit transactions. Summary Binance will reject withdrawals to MEXC and temporarily withhold incoming deposits from the exchange and its affiliates for compliance reviews. The restrictions follow FinCEN’s designation of MEXC as a primary money laundering concern over $16 billion in alleged illicit transactions between May 2021 and May 2026. Binance warned that users receiving funds from the affected entities could face account restrictions or termination of services under its terms…

A rollup can keep an Ethereum route open for users whose transactions are stuck at the sequencer. That route handles transaction inclusion. Getting funds back to Ethereum also depends on whether the rollup’s withdrawal can be proven and completed under the bridge rules. Summary Base and Arbitrum One offer Ethereum-side transaction inclusion routes when the usual sequencer is unavailable, but the resulting withdrawal still has to satisfy the official bridge’s rules. A transaction already included before an outage may be further along than a new withdrawal. The state published to Ethereum and the proof status determine which step is next.…

South Korean cryptocurrency exchange Upbit has announced plans to list Hyperliquid (HYPE) on November 10, with trading scheduled to begin at 3 p.m. Korea Standard Time across three markets. Summary Upbit announced plans to list Hyperliquid (HYPE) on November 10, with trading scheduled to begin at 3 p.m. Korea Standard Time across KRW, BTC and USDT markets. The exchange will temporarily restrict buy orders and certain sell orders for approximately five minutes after launch, while only limit orders will be permitted during the first two hours. HYPE deposits and withdrawals will be supported exclusively through HyperEVM, with transfers subject to…

Circle has moved the fund behind its USYC tokenized money market product from predominantly overnight reverse repos into longer-dated U.S. Treasury bills, leaving its token and redemption arrangements unchanged. Summary Circle moved USYC’s underlying fund from predominantly overnight reverse repos into longer-dated U.S. Treasury bills. USYC retains its existing token, issuer, and USDC subscription and redemption processes following the change. USYC remains available for eligible institutional investors to use as collateral for derivatives trading positions. Circle acquired Hashnote in January 2025, bringing the USYC tokenized money market product into its business. Circle announced the change on November 9, saying USYC…

Super League Enterprise has bought 16 Bitcoin for roughly $1.23 million, doubling the size of its previous purchase as it continues building a treasury ahead of a proposed investment from Metaplanet. Summary Super League purchased 16 BTC between Nov. 4 and Nov. 9 at an average of $76,892.32. Disclosed purchases since October total 31 BTC, with a calculated acquisition cost of approximately $2.43 million. Shareholders have approved proposals related to Metaplanet’s planned contribution of 2,100 BTC and $2.5 million. Super League’s Nov. 9 disclosure states that the Nasdaq-listed company acquired the coins between Nov. 4 and Nov. 9 at an…

Binance founder Changpeng Zhao has dismissed a claim that 335 million user records were stolen as “obviously fake/scam,” challenging the alleged seller’s decision to offer private keys for $900,000 instead of using them to take funds. Summary CZ has rejected the alleged data sale and criticized media coverage of the claim. ThreatMon said the listing advertised private keys, identity documents, passwords, and transaction records. Binance’s preliminary investigation found no evidence of a compromise connected to the advertised dataset. Brandefense documented similar advertisements dating back to October, without confirming the data was genuine. CZ, responding on X on Nov. 9, argued…