24H Trending Coins & News | Anthropic IPO subscription orders oversubscribed multiple times, fundraising could reach $90.4 billion; OKXICE to launch round-the-clock tokenized stock trading on November 23 (November 12)
- Core Viewpoint: The short-term upside narrative for the crypto market is nearing exhaustion; although institutional adoption trends continue, token holders struggle to capture value. Meanwhile, exchanges and the NYSE's parent company are partnering to launch tokenized stocks, and the New York Stock Exchange has selected Avalanche as its core ledger, accelerating the convergence of traditional finance and on-chain infrastructure.
- Key Elements:
- OKX and ICE will launch round-the-clock tokenized stock trading on November 23, with more than 70 assets expected to be listed, operating under an SEC interim innovation exemption, though 67 companies have opposed it.
- The New York Stock Exchange has selected Avalanche as the core ledger for its tokenized securities platform, supporting round-the-clock trading, clearing, and settlement, subject to regulatory approval.
- Coinbase received final approval from the U.S. Office of the Comptroller of the Currency to operate as a federally chartered national trust bank, focused on institutional digital asset custody, and may not accept retail deposits or issue stablecoins.
- Spot Bitcoin ETFs saw net outflows for four consecutive days, with $95 million in net outflows yesterday, total net asset value of $92.8 billion, and IBIT posting the largest single-day outflow at $78.23 million.
- Glassnode says approximately 35.4% of Bitcoin's supply (7.12 million BTC) has exposed public keys, potentially becoming targets for quantum computer attacks, with the proportion rising continuously from 24.8% in 2021.
- MARA sold 13,597 BTC for approximately $1.1 billion in cash, representing 40% of its holdings, of which $750 million was used to repay Bitcoin-collateralized loans, and it plans to continue selling to finance AI data centers.
- The Senate voted 49 to 50 against advancing the CLARITY Act, with Emmer expecting another attempt after the midterm elections; Russia's central bank says exchanges could launch crypto trading as early as November 22, 2026.
Trending CEX Coins
Top 10 CEX trading volume and 24-hour price change:
- BTC: +0.70%
- ETH: +0.56%
- ZEC: -6.04%
- SOL: +0.35%
- XRP: -0.16%
- NEAR: -0.14%
- PEPE: -15.38%
- UNI: -7.15%
- HYPE: +0.13%
- BNB: +0.23%
Top 24-hour gainers (data source: OKX):
- NIGHT: +13.60%
- ICP: +3.62%
- GRAM: +3.52%
- PONS: +3.05%
- XLM: +2.17%
- AVAX: +2.15%
- NFT: +1.77%
- BTC: +0.79%
- ETH: +0.65%
- SOL: +0.48%
Top 24-hour tokenized stock gainers (data source: msx.com):
- AXTX: +34.93%
- AAOX: +25.08%
- ANTA: +24.71%
- SNXX: +23.19%
- BEX: +22.33%
- DJT: +21.73%
- MUU: +20.33%
- STXX: +19.93%
- AXTI: +18.04%
- RAM: +17.45%
Top Onchain Trending Meme #1 (data source: GMGN):
- mihao (Solana) — A cat-themed Meme on the Solana ecosystem. Trader Ansem posted bullish comments on its avatar community attributes and Chinese elements. The developer has locked 5% of the token supply for one year. Market cap $17.2 million, 24-hour gain +40.05%.
Headlines
According to people familiar with the matter, the initial public offering subscription orders for AI company Anthropic PBC have reached several times the number of shares available for issuance. As investor demand continues to heat up, the deal is expected to become the largest IPO in history. The sources said demand mainly comes from large anchor investment intentions. Filings show that Claude chatbot developer Anthropic and its co-founders plan to raise up to $90.4 billion through the IPO and a private placement. Combined, the two financings would exceed SpaceX's IPO and become the largest listing transaction in history. The sources said the specific IPO arrangements may still change. According to the sources, Anthropic is boosting IPO subscription demand through a series of events for potential investors, including an online livestream scheduled for Friday featuring CEO Dario Amodei alongside JPMorgan CEO Jamie Dimon.
Fed whisperer: December rate hike all but certain, focus shifts to magnitude and pace
Nick Timiraos wrote that after a third consecutive stronger-than-expected inflation report, a Fed rate hike in December is all but certain, and market focus is shifting to the magnitude and subsequent pace of hikes, including whether the Fed will raise by 25 basis points per meeting, 50 basis points at once, or signal consecutive 25-basis-point hikes. Nick Timiraos noted that the Fed will hold its policy meeting on December 8-9, and the bigger question is whether this hike is the mild adjustment of two to three more hikes envisioned by many officials, or the beginning of a sustained campaign to suppress the economy and bring down inflation. (Wall Street Journal)
Industry News
OKXICE to launch round-the-clock tokenized stock trading on November 23
OKXICE will launch round-the-clock tokenized stock trading on November 23. Crypto trading platform OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, will launch tokenized stock trading on November 23, allowing eligible U.S. users to trade around the clock. The platform will operate under a temporary innovation exemption from the U.S. Securities and Exchange Commission (SEC); 67 companies had objected to their stocks being listed on the platform, including JPMorgan Chase, McDonald's, SpaceX, and Coca-Cola. OKX expects the platform to list more than 70 assets, including 59 exchange-traded funds (ETFs), as well as tokenized stocks of Coinbase, Circle, BitGo, Robinhood, and Strategy, plus Strategy preferred shares. (Cointelegraph)
MARA sells 13,597 bitcoins, cashing out about $1.1 billion
Bitcoin News posted on X that MARA has sold 13,597 bitcoins since late September last year, cashing out about $1.1 billion, roughly 40% of the 34,000 bitcoins it held at the time. Its 10-Q filing shows that $750 million of the proceeds were used to repay bitcoin-backed loans from Coinbase Credit and Two Prime, releasing 17,477 bitcoins of collateral. In the quarter, MARA's revenue fell 35% to $164.2 million, and the average price of the bitcoins it mined dropped 37% to $71,700. MARA plans to continue selling bitcoin to fund AI data centers.
Coinbase approved to operate as federally chartered national trust bank
Bitcoin News posted on X that Coinbase has received final approval from the U.S. Office of the Comptroller of the Currency to operate as a federally chartered national trust bank, with its business focused primarily on institutional digital asset custody. The entity cannot accept retail deposits, issue stablecoins, or provide traditional loans. Coinbase plans to gradually migrate its existing custody business to the federal entity over the next three years.
In its 10-K annual report filed with the U.S. Securities and Exchange Commission, BitMine disclosed a net loss of approximately $6.313 billion for the fiscal year ended August 31, 2026, compared with net income of $349 million the prior fiscal year. The loss mainly stemmed from changes in the fair value of digital assets, with about $6.229 billion in unrealized digital asset losses for the full year, primarily due to a decline in the fair value of ETH. The company's full-year revenue was about $125 million, of which staking and validation operations contributed about $121 million, roughly 97% of total revenue. As of the end of the fiscal year, BitMine held 5.9018 million ETH and 211 BTC, with an ETH cost basis of about $19.948 billion and an end-of-period fair value of about $14.559 billion. According to BitMine's holdings update released on November 9, as of November 8, the company's ETH holdings had increased to 6.0701 million, about 4.97% of the ETH supply, of which 5.227 million had been staked.
New York Stock Exchange selects Avalanche as core ledger for tokenized securities platform
The New York Stock Exchange will adopt Avalanche as the core ledger technology for its planned tokenized securities platform, which will support round-the-clock trading, clearing, and settlement, and still requires regulatory approval. (Decrypt)
Project News
Spot bitcoin ETFs see $95.0012 million net outflow yesterday, fourth straight day of outflows
According to SoSoValue data, as of Eastern Time on November 10, spot bitcoin ETFs recorded total net outflows of $95.0012 million, marking a fourth consecutive day of net outflows. MSBT saw the largest single-day net inflow at $20.0251 million, with total historical net inflow reaching $825 million; IBIT saw the largest single-day net outflow at $78.2362 million, with total historical net inflow reaching $64.810 billion. As of press time, the total net asset value of spot bitcoin ETFs was $92.824 billion, with a net asset ratio of 6.26% and cumulative historical net inflows of $55.403 billion.
Glassnode posted on X that the public keys of about 35.4% of the bitcoin supply, or 7.12 million BTC, are already visible onchain and could become targets for future quantum computers. Of this, address reuse accounts for 25.8% and exchanges for 11.6%. This exposure ratio has risen steadily from 24.8% in early 2021. Glassnode noted that transferring the relevant coins to new addresses would eliminate this exposure risk.
According to onchain analyst Ember's monitoring, as ZEC prices fell sharply today and dropped below $1,000, the two addresses held by Abraxas Capital on Hyperliquid with ZEC shorts — the Abraxas Capital-related address (0xb83...6e36) and the Abraxas Capital-related address (0x5b5...8c060) — saw unrealized gains of $34.98 million on their ZEC positions alone. The two addresses currently have total unrealized gains of $118 million on open positions.
Elysium mainnet DEX trading volume reaches $122 million on first full trading day
Adam posted on X that on the first full trading day after the Elysium mainnet launch, onchain DEX trading volume reached $122 million, involving about 58,700 wallets. Of this, Launchpad tokens contributed about $40.5 million in trading volume, accounting for 33.2% of total trading volume. Currently, Montra leads the Elysium ecosystem Launchpad sector with a 71.1% market share.
Funding and Investment
Index Industries closes $50 million seed round led by Lightspeed Venture Partners
Index Industries has closed a $50 million seed round led by Lightspeed Venture Partners.
Vision Makers closes $4 million in funding with participation from MH Ventures and others
Vision Makers announced it has raised a cumulative $4 million across multiple funding rounds, with participation from MH Ventures, Castrum Istanbul, Titans Ventures, and others. The project's main business is an AI-driven crypto research and trading platform.
Regulatory Developments
Senate votes 49-50 against advancing CLARITY Act, Emmer expects another attempt after midterms
The Senate voted 49-50 against advancing the CLARITY Act, and Emmer expects another attempt after the midterm elections. (Bitcoin.com News)
Crypto supporter Tom Emmer elected House Republican minority whip
Tom Emmer was elected House Republican minority whip, remaining in the Republican whip role as Democrats won the midterm elections and will take control of Congress in January next year. He defeated Texas Representative August Pfluger by a vote of 103 to 76, having previously served as House Republican majority whip. As minority whip, Tom Emmer will be responsible for coordinating Republican lawmaker votes, formulating legislative strategy, and promoting party unity on key bills. He will work with Jim Jordan, who is set to become House minority leader. (Cointelegraph)
Russian exchanges may launch crypto trading as early as November 22, 2026
The Bank of Russia said Russian exchanges may launch crypto trading starting November 22, 2026, provided they first agree on trading rules with regulators. The Russian Ministry of Justice has registered the central bank's directive on requirements for organized trading of digital currency and digital rights. Under the rules, exchanges must register crypto trading participants such as brokers, trustees, and central counterparties, keep records of orders and trades and monitor transactions, calculate price indicators such as current price, weighted average price, market price, and closing price, and report trading information to the Bank of Russia in the same way as for other existing assets. Previously, the Bank of Russia finalized rules for retail crypto trading, to take effect from November 17.
Voices
Ignas: HYPE and AVAX face value-capture test as short-term crypto upside narratives run dry
DeFi researcher Ignas posted on X that the crypto market currently appears to lack new narratives capable of driving short-term gains. Although institutional adoption of crypto continues, traditional financial institutions often do not need to directly buy crypto tokens to capture most of the benefits, so the investment logic of betting on institutional adoption through tokens has limited appeal, and the real upside may be concentrated more in equities and private markets. More worrying is that many crypto tokens appear to be becoming "payment tools" for institutional partnerships rather than genuinely accumulating value from those partnerships, and ordinary token holders may instead become the liquidity exit. Citing HYPE and AVAX as examples, Ignas said the trading logic for HYPE driven by NYSE-related news may already be priced in, and the market still needs to watch how the relevant licenses are implemented and their actual impact on buybacks; although AVAX has a partnership with the NYSE, how much value its role as the NYSE's core ledger technology will actually bring to the AVAX token remains to be verified. If expectations for monetary easing emerge, bitcoin may rise, but that may be difficult before the AI bubble bursts, and an AI market crash could hit crypto assets first.
Jiang Zhuoer: Bull market is still on; July's $57,758 may be this cycle's bear market bottom
Jiang Zhuoer, founder of LTC Mining Pool, posted that the bull market is still on and a large number of onchain and long-term indicators show the bear market has ended; he believes the bottom of this bear market formed when bitcoin fell to $57,758 in July. Jiang Zhuoer said the market now needs to watch whether this correction will finally stop at the 50% Fibonacci retracement level of $72,500, or fall further to the 61.8% retracement level of $69,000 to $70,000. On
