Fifty Companies Opt Out Of OKX–ICE Tokenized Stock Venue

Fifty public companies have now objected to having their shares tokenized on OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE), as the venue’s first 30-day notice window closes Tuesday.

The venue’s Oct. 30 notice added 12 objectors, including Nvidia, Costco, Nike, Micron and Reddit. They join Microsoft, Alphabet, JPMorgan Chase, Goldman Sachs, Walmart, Broadcom, Verizon and Intel, among others. Of the 62 companies OKXICE initially proposed to tokenize, 43, or about 69%, have objected, according to a CoinDesk tally.

The list has grown fast: nine objectors on Oct. 15, 16 on Oct. 19, 38 on Oct. 28 and 50 two days…

Read more on BitcoinMagazine

Mercado Bitcoin Halts Withdrawals After $40 Million+ Hack

Brazil’s largest cryptocurrency exchange kept deposits and withdrawals suspended on Monday after a security incident in one of its systems. The shutdown left customers unable to send funds into or out of the platform while the company worked to restore operations.

Mercado Bitcoin said in a statement posted to X that it had identified and contained the incident. The company said customers suffered no losses and that no data had leaked. It described the suspension as a precaution. Its teams are investigating, tracing assets and coordinating with authorities, the company said. According to Bloomberg, the company said it would absorb all losses.

The company has not said which…

Read more on BitcoinMagazine

Binance Reopens Withdrawals As Hack Recovery Enters Second Week 

Binance restarted customer withdrawals on Sunday, four days after hackers drained roughly $6.3 billion from its hot wallets in the largest crypto theft on record. 

The exchange reopened in stages over the weekend, starting with bitcoin and expanding to 15 networks. The move marked the first real test of whether the platform could absorb a loss of that size without freezing its customers out for longer.

The recovery push began Saturday. In its third recovery update, Binance said it had replenished 90% of the impacted amount with company funds. The exchange drew on part of its Secure Asset Fund for Users, a portion of its futures insurance fund and its corporate treasury to buy…

Read more on BitcoinMagazine

Bitcoin’s “Fair Value” Of $197,000

Bitwise’s André Dragosch joins Spencer Nichols to explain why Bitcoin tends to move before shifts in global liquidity, acting as the canary in the liquidity coal mine, and why his global money supply model puts Bitcoin’s fair value at $197,000 today. They also dig into recession risk, the Fed’s next move, and how capital rotating out of precious metals could help Bitcoin catch up to the money supply.

🔶 Host: Spencer Nichols — Bitcoin Magazine🔶 André Dragosch — Bitwise Director, Head of Research – Europe

Chapters:00:00 Why French Bond Yields Are Rising03:13 Tightening Financial Conditions Go Global08:04 What the Dollar and an AI Bubble Mean for Bitcoin12:45…

Read more on BitcoinMagazine

Pension Funds Are Bitcoin’s “Third Wave” Of Adoption

The first wave of Bitcoin adoption was individuals. The second was the ETFs. Adam Back, CEO & Co-Founder of Blockstream, explains why the third wave of model portfolios, managed funds and pension funds is still largely to come, and how Swiss banks are getting ready for it.

Chapters:00:00 Why Blockstream Opened an Office in Lugano01:20 Why Blockstream Started Offering Consulting02:01 Swiss Banks Want Quantum-Safe Bitcoin Custody03:04 Tokenized Money Market Funds vs. Stablecoins04:13 Tokenized Shares on Liquid and Blockstream AMP05:55 Where Institutions Still Get Stuck07:00 Build In-House or Use a Custodian?08:01 How Regulation Shapes Bitcoin Custody10:01 Basel Rules and the Cost of…

Read more on BitcoinMagazine

Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 As Both Keep Stacking

Strategy bought another 811 bitcoin last week. The Saylor-led firm spent about $65.5 million at an average of $80,846 per coin between October 26 and November 1, according to its 8-K filing on Monday. That brings total holdings to 849,327 BTC, bought for roughly $64.1 billion at an average of $75,451.

The money didn’t come from new preferred stock this time. Strategy sold about 1.18 million shares of MSTR common stock for roughly $164 million, sent $65.5 million into bitcoin, and parked the remaining $98.5 million in USD cash. It also spent around $208 million buying back about 2.1 million shares of its STRC preferred. 

Strategy spent much of the year leaning on preferred issuance…

Read more on BitcoinMagazine

MSTR Q3 2026 Earnings Call: Analyst Q&A

The full analyst Q&A from Strategy’s (MSTR) Q3 2026 earnings call. Phong Le and Michael Saylor take questions from BTIG’s Andrew Harte, Treasury’s Khing Oei, Galaxy’s Alex Thorn, Citi’s Pete Christiansen and Scott Melker on digital credit, Stretch (STRC) returning to par, the other preferreds, Bitcoin’s financialization and tokenization.

Chapters:00:00 Strategy’s Balance Sheet vs. the Last Bull Market02:38 You Need a Lot of Capital to Create a Lot of Credit04:30 When Does Strategy Turn the Equity ATM Back On?06:06 Why STRC Took Four Months to Return to Par08:24 What Happens to STRD, STRK and STRE?10:44 Why the Euro-Listed STRE Is a Challenge12:51 Is Strategy…

Read more on BitcoinMagazine

What To Know About The $6.3 Billion Binance Hack

The biggest crypto-related hack in history by dollar volume just hit Binance, with more than $6.3 billion in affected assets moving on-chain. About $3 billion was frozen through stablecoin operators, but $3.3 billion has not been recovered. Bitcoin Magazine TV breaks down what happened, what Binance has said, and why every day now feels like zero day for crypto security.

Chapters:00:00 Binance Sees $6.3 Billion Move On-Chain in Record Hack00:15 Binance Freezes $3 Billion as $3.3 Billion Stays Missing00:45 Polymarket Hack Drains $2.7 Million From User Wallets01:13 Why Every Day Is Zero Day for Crypto Security02:45 What the Multi-Chain Hit Reveals About Binance Custody03:21 TRM Labs…

Read more on BitcoinMagazine

Mike Flaum: MSTR Performance “Massively” to the Upside During Next BTC Bull Run

▶

Bitcoin Magazine

Mike Flaum: MSTR Performance “Massively” to the Upside During Next BTC Bull Run

Mike Flaum, CEO of Log Scale Investments, joins Bitcoin Magazine TV to talk Strategy’s Stretch, daily dividends, Strive’s SATS, Bitcoin-backed preferreds vs. Treasury bonds for retirees, mNAV and the four-year cycle. He explains why he separates risk from volatility and why he’s bullish long term.

Chapters:00:00 Mike Flaum on Strategy and Bitcoin Treasury Companies00:15 What Stretch Getting Back to Par Means for Strategy01:18 How Issuing Stretch at $100 Restarts Bitcoin Buying02:33 Strategy Shareholders Approve Daily Dividends03:34 Why Daily Dividends Work Like Bitcoin Perpetual…

Read more on BitcoinMagazine

Coinbase (COIN) Misses Revenue Estimates As Users Fall, Armstrong Sets Up New Share Sales

Coinbase had a mixed third quarter. Revenue came in at $1.20 billion, below the $1.233 billion analysts expected, according to company filings. Subscription and services revenue did better, reaching $570 million. The company is still heavily tied to trading activity, but its recurring income is growing.

Monthly Transacting Users fell to 7.4 million, down from 9.3 million a year earlier. During its earnings call, Coinbase blamed overall market conditions. Its share of crypto trading volume did rise to 10.7%, the fourth straight quarter of gains, which suggests it is winning business even as the broader market quiets. 

Adjusted EBITDA was $332.9 million, extending a run of 15 straight…

Read more on BitcoinMagazine