Hey crypto addicts,

The growing pushback against tokenized stocks is creating a major obstacle for OKX and Intercontinental Exchange (ICE), as 50 publicly traded companies have formally objected to plans to offer blockchain-based versions of their shares. The latest objections include major names such as Nvidia, Nike, Costco, Micron, and Reddit, bringing the total from 38 to 50 in just two days. The joint venture initially proposed tokenizing shares from 62 companies, but the expanding opposition is forcing it to reconsider which stocks can be included in its planned trading platform.

Under the US Securities and Exchange Commission's temporary regulatory exemption, companies have 30 days to object to third-party tokenization of their shares on a specific trading venue. A valid objection prevents OKXICE from offering those tokenized shares under the exemption, although it does not prohibit companies from exploring other tokenization arrangements. The framework was designed to provide room for blockchain-based securities trading while preserving traditional shareholder protections.

Despite the resistance, OKX and ICE still plan to develop a platform offering around-the-clock stock trading through blockchain-based liquidity pools on XLayer, with transactions settled using stablecoins. The growing number of objections highlights the tension between traditional financial institutions and emerging tokenization platforms, particularly over control of shares, market structure, and investor protections. Here’s what you need to know from today’s crypto market.☕

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Ripple has released 1 billion XRP from escrow in its latest scheduled monthly unlock, putting roughly $1.25 billion worth of tokens into the spotlight. The release took place on November 1 through two separate transactions of 500 million XRP each, drawing attention across the crypto market as investors watched for signs of a potential shift in supply.

However, the unlock does not mean the entire amount is entering circulation or heading to exchanges. On-chain data shows Ripple subsequently returned 700 million XRP to new escrow contracts, leaving a net reduction of 300 million XRP in locked supply, consistent with its recent monthly pattern. The distinction is important, as escrow releases alone do not confirm selling activity or immediate market pressure.

Meanwhile, XRP traded near $1.25 around the time of the unlock, showing limited immediate movement despite the large transaction value. With the majority of the released tokens locked again, attention now turns to Ripple’s remaining XRP holdings, future escrow activity, and whether broader market conditions can provide stronger momentum for the token. Here’s what you need to know from today’s crypto market.☕

Michael Saylor may be preparing Strategy for another major Bitcoin purchase, reigniting attention around institutional accumulation as BTC struggles to regain momentum near $78,000. On Sunday, the Strategy executive chairman shared his familiar orange-themed chart on X, adding that the company had “found room for even more orange.” The post has historically preceded announcements of new Bitcoin acquisitions, although no fresh purchase has been confirmed yet.

Strategy currently holds 848,517 BTC, making it the largest corporate Bitcoin holder, while the latest hint comes after a turbulent end to October. Bitcoin faced renewed selling pressure following the $6.3 billion Binance hack, and the broader institutional picture remains mixed as US spot Bitcoin ETFs recorded $643.2 million in outflows on October 30. This contrast between Saylor’s continued accumulation signals and weakening fund demand highlights the uncertainty surrounding Bitcoin’s near-term direction.

Markets are now watching for Strategy’s next purchase disclosure, which could reveal whether the company is continuing to buy through the downturn. With Bitcoin trading only slightly above Strategy’s reported average acquisition cost, another purchase could reinforce the company’s long-term conviction, even as investors remain cautious about broader market conditions. Here’s what you need to know from today’s crypto market.☕

China’s ruling Communist Party is expanding its anti-corruption campaign to include cryptocurrency, blockchain transactions, and cross-border financial transfers, signaling tougher scrutiny of digital assets used to conceal illicit wealth. A resolution adopted on October 29 and published by state media on November 1 calls for investigators to pursue officials, businesspeople, and intermediaries involved in crypto-linked bribery and the movement of illegal funds.

The directive also calls for stronger international cooperation to track down fugitives and recover assets moved overseas, alongside greater use of digital monitoring systems and data platforms to investigate suspicious financial activity. However, the resolution does not introduce a new cryptocurrency trading ban or specifically target stablecoins such as USDT, offshore exchanges, or OTC trading desks.

The latest development highlights how blockchain technology is becoming a growing focus for financial enforcement, particularly as authorities seek to trace transactions that cross borders and bypass traditional banking channels. For the crypto industry, the message is clear: digital asset activity connected to corruption will face closer investigation, even without additional trading restrictions. Here’s what you need to know from today’s crypto market.☕

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THORChain has suspended cross-chain swaps across 10 blockchain networks after an Ethereum block reorganization exposed a vulnerability in its refund system. The incident involved a 10 ETH deposit that was refunded twice, creating a potential security risk that could allow malicious actors to exploit similar transactions and drain protocol funds.

Binance recorded approximately $5.8 billion in net outflows within 24 hours after reopening customer withdrawals following a record $6.3 billion hack, as users moved funds off the exchange amid renewed security concerns. According to DefiLlama data, withdrawals initially surged, with Binance reporting $4.6 billion in withdrawals against $1 billion in deposits during the first few hours

Cointelegraph’s latest crypto roundup highlights the aftermath of Binance’s record-breaking $6.3 billion hack, with the FBI officially attributing the attack to North Korean hackers and urging crypto companies to help prevent further laundering of stolen funds. Binance has begun restoring customer withdrawals in phases and says it has replenished around 90% of the stolen assets

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