Odaily Report: PNC Bank has announced a partnership with Coinbase to allow eligible corporate and institutional clients to receive payments in USDC issued by Circle, with incoming funds automatically converted to USD. The service will initially launch as a small-scale pilot. Tom Lang, head of PNC's treasury management products and operations, said the pilot aims to test stablecoin functionality together with clients. Last year, PNC already offered cryptocurrency trading to clients through Coinbase's "Crypto-as-a-Service" platform and provides banking services to Coinbase.

Odaily reports that Bithumb has announced that due to the Injective (INJ) network halting block production, INJ deposits and withdrawals will be suspended starting at 23:00 KST on November 9. During the suspension period, INJ staking and unstaking requests will also be halted, while spot trading will continue as normal. Once the network stabilizes, Bithumb will reopen deposits and withdrawals and update the original announcement accordingly. Withdrawals that were submitted but not completed before the suspension will be processed sequentially, and deposits received after the suspension will be credited sequentially once services resume.

Odaily News: Companies net reduced their BTC holdings by 11,647 coins last week, valued at approximately $869 million.

Odaily reports: According to monitoring by Injective official nodes, the Injective mainnet has stopped producing blocks, with the latest block height at 191,016,661, generated at 21:04 Beijing time. Upbit announced that due to the interruption of block generation on Injective (INJ), INJ deposits and withdrawals have been suspended, while spot trading remains unaffected; once the stability of deposits and withdrawals is confirmed, the resumption will be announced via notice. Coinone announced that due to a network failure, INJ deposits and withdrawals have been suspended starting at 22:25 Beijing time, while other services such as trading remain unaffected.

Odaily: Charles Schwab has announced that the Schwab Crypto platform now supports trading for three additional tokens: Solana (SOL/USD), Avalanche (AVAX/USD), and Chainlink (LINK/USD). Together with the existing Bitcoin and Ethereum offerings, clients can now trade five digital assets through the platform.

According to Odaily's Today's Trending Meme monitoring, the market cap of HODL on Solana has surpassed $2.88 million.

The X account associated with the project, @hodl2013, stated that GameKyuubi — who wrote "I AM HODLING" on Bitcointalk in 2013 — has accepted creator fees and added the $HODL contract address to their profile; the account also claims that GameKyuubi used a portion of the fees to buy back tokens, participate in the community, and write a whitepaper for the project. Based on this, the community has framed it as a token supported by the original creator of HODL, carrying the 2013 spelling meme and long-term holding culture onto the chain.

Supplementary information from Grok shows that trader Miles Bron's newly launched $HODLER uses $HODL rather than SOL as its trading pair, meaning that buying $HODLER requires first buying $HODL; related discussions have cited this pairing mechanism as a reason for the recent surge in attention.

"Today's Trending Meme" is curated exclusively by Odaily's AI model to screen community-buzzed tokens with potential. The content is based on publicly available information and does not constitute investment advice. Please exercise your own judgment and be aware of the high volatility risks associated with meme coins.

Odaily reports that according to Gate data, WTI crude oil prices fell to a low of $86.48/barrel, the lowest level since early September. As oil prices declined, both US 10-year and 30-year Treasury yields dropped to intraday lows.

Odaily reports: Customers can currently only check balances and holdings, while withdrawal and trading functions remain suspended. Mercado Bitcoin has announced that it will restore platform access in phases starting this Monday, allowing customers to log into their accounts through the website again; access will be gradually opened from 16:00 local time, with all customers expected to be covered before 18:00. Previously, the exchange suspended deposits and withdrawals due to a hacker attack. Media and on-chain analytics firms estimate losses from the incident at between $38 million and $46 million. Mercado Bitcoin stated that customer balance records remain intact, and that each customer's asset quantities, investments, and BRL balances have not been affected. The company will use its own funds to make up for customer balances that were transferred out, and will update balances in sync when the platform opens and the market reopens. Functions such as withdrawals and trading still need to be restored in phases after security checks are completed.

Odaily reports: Blockchain analytics firm Elliptic has released a report stating that the Binance hacker is using self-created meme coins and decentralized exchange liquidity pools to move stolen funds, with related techniques having appeared on the Tron, NEAR, and Solana networks.

Specifically, the hacker first creates new tokens and pairs them with assets such as NEAR or stablecoins to establish liquidity pools, then executes buy and sell operations through different wallets separately, making fund transfers appear as ordinary token transactions, thereby increasing the difficulty of on-chain tracking.

Elliptic points out that between November 5 and 7, the hacker created at least 6 meme coins on the NEAR chain, each costing approximately 25 NEAR to create, and transferred approximately 117,000 NEAR in stolen funds through these tokens, worth about $430,000. The relevant tokens have ceased trading since November 8, and approximately 11.8 million NEAR in stolen funds remain unmoved, worth about $43.7 million.

Elliptic emphasizes that this technique cannot truly conceal the flow of on-chain funds; its main purpose is to slow down the investigation. In the 2025 Bybit theft incident, North Korean hackers also used similar techniques to transfer at least $24 million.

Odaily reports: Hut 8's third-quarter financial results show that the company sold approximately 954 bitcoins in Q3, using about $74.8 million to repurchase and cancel 953,802 common shares; after the quarter ended, it sold approximately 2,148 bitcoins, using about $175.4 million to repurchase and cancel 2,384,677 shares. The company has cumulatively sold approximately 3,100 bitcoins, using about $250 million to repurchase and cancel 3,338,479 shares, completing its previously announced $250 million buyback program. After the quarter ended, Hut 8's board of directors increased the total share repurchase authorization to $1 billion.

Odaily reports that Bitmine Chairman Tom Lee stated that Ethereum co-founder Vitalik Buterin's declaration at Devcon 8 in Mumbai that "ETH is a store of value, ETH is money" represents an "earthquake-level shift," clarifying how ETH will capture value in the future tokenization and AI super-cycle.

Tom Lee believes that ETH is not a cash-flow-centric token like HYPE or LIT, but rather a pure and trustworthy collateral asset. As more and more financial institutions migrate their assets onto the blockchain, Ethereum is poised to become their preferred Layer 1 network.

He further pointed out that positioning ETH as a store-of-value asset is most aligned with Ethereum's future roadmap and the role it will play in the upcoming tokenization super-cycle.

Odaily reports: Bitmine Immersion Technologies (NYSE: BMNR) has released its latest asset data. As of 2:00 PM Eastern Time on November 8, the company holds 6,070,092 ETH and 216 BTC, as well as approximately $180 million in Beast Industries equity, $75 million in Eightco equity, and $475 million in cash and marketable securities, with total related assets valued at approximately $14.3 billion.

Bitmine stated that it added 9,587 ETH over the past week, and its ETH holdings now represent approximately 4.97% of total supply, having completed approximately 99% of its goal to hold 5% of ETH's total supply.

Additionally, the company has staked 5,227,037 ETH, valued at approximately $11.7 billion. Bitmine Chairman Tom Lee stated that based on the 2.65% annualized staking yield over the past 7 days, the current staking scale is expected to generate approximately $309 million in annual returns, and if all ETH is fully staked, the estimated annualized return would reach approximately $359 million. (PR Newswire)

Odaily reports: Strategy sold 2,051,348 shares of MSTR this week, raising $283.8 million in net proceeds to fund Bitcoin purchases and STRC preferred stock repurchases, of which $13.6 million was allocated to its USD cash account. As of November 8, its additional USD cash rose to $146.2 million.

After paying $21.1 million in preferred stock dividends this week, Strategy's USD reserves stood at $4.77 billion. Its preferred stock repurchase program has approximately $560.3 million remaining, while its MSTR share repurchase program has $1 billion remaining. (Decrypt)

According to data monitoring, 199,999,900 USDT (approximately $199.8 million) was transferred from an unknown wallet to Tether Treasury, Odaily reports.

Odaily reports: Bitmine Immersion Technologies announced that as of 2:00 PM Eastern Time on November 8, the company holds 6,070,100 ETH, valued at $2,234 per token, along with 216 BTC, approximately $180 million in Beast Industries equity, $75 million in Eightco equity, and $475 million in cash and marketable securities; the aforementioned crypto assets, cash and marketable securities, and "moonshot" investments total approximately $14.3 billion. The company added 9,587 ETH over the past week, with its ETH holdings representing approximately 4.97% of the current supply, having completed approximately 99% of its goal to hold 5% of the ETH supply.

The company has staked 5.227 million ETH, worth approximately $11.7 billion at the aforementioned price. Chairman Tom Lee stated that based on the trailing 7-day annualized staking yield of 2.65%, the existing staking scale is expected to generate approximately $309 million in annualized staking revenue, and if all ETH is fully staked, annualized staking revenue is expected to be approximately $359 million.

Odaily reports: Bitcoin News posted on X that Hut 8 sold approximately 3,100 BTC to repurchase its own shares, of which 954 BTC were used for buybacks in the third quarter, amounting to $74.7 million; another 2,100 BTC were used for buybacks after the quarter ended, amounting to $175.3 million, with the repurchase authorization increased to $1 billion. A second 352-megawatt lease fully commercializes the Beacon Point AI campus, raising the expected contract value of Hut 8's AI business portfolio to approximately $26.6 billion; the first data hall is expected to be delivered in the second quarter of 2027.