Historical roundup for November 2–8, 2026. The original BlockBeats report was published on November 9, 2026, at 11:31:57 UTC+8. Statuses and plans below reflect that report, not subsequent developments.
Chain migrations, institutional custody access and new trading products featured in this week’s project updates. Several changes remained conditional: an approved proposal did not necessarily mean a live migration, and announced products included an iOS beta rather than a finished public rollout.
Network roadmaps: what passed, and what remained pending
Akash: Solana migration approved, marketplace move still separate
Akash’s proposal #346 passed, approving a move from its own Cosmos chain to Solana. The proposal had entered voting the previous week.
Approval authorized issuance of 1:1 SPL AKT after audits and a two-year, one-way migration portal. It did not set a date for switching the compute marketplace. Moving that marketplace would require a separate proposal—a distinction between approval of the token migration framework and migration of the operating market.
Gnosis: Ethereum settlement targeted for spring 2027
Gnosis announced a target of spring 2027 for a hard fork that would move Gnosis Chain from an independent layer-1 network to Ethereum settlement. Existing contracts, balances and addresses were to be preserved.
Sei: Autobahn approved, but not yet activated on mainnet
Sei’s SIP-6 passed, approving an upgrade to Autobahn consensus. Approximately 2.360 billion SEI voted in favor, with zero votes against and zero veto votes; turnout was approximately 57.86%.
The proposed design allows multiple validators to package transactions and propose blocks in parallel before a common ordering and confirmation process. This differs from the single-proposer arrangement used by most chains during each interval. Public testnet work and security audits were still required before mainnet activation.
NEAR: lower issuance remained conditional
House of Stake approved HSP-029, proposing to reduce NEAR’s annual issuance ceiling from 2.5% to 1.6% over 24 months. Implementation still required Security Council review, a 90-day grace period and validator upgrades.
Zcash: NU7 changed fee allocation
Zcash activated NU7, directing 40% of transaction fees to miners and 60% to a reserve, intended to support future block rewards from around 2031.
The upgrade also disabled the Sprout privacy pool, leaving approximately 12,224 ZEC temporarily unusable.
Algorand: community funding and token-policy changes paused
Algorand announced an indefinite suspension of xGov, effective December 6, alongside closure of its official forum, dissolution of its ecosystem advisory council and an end to sponsorship of its technical committee.
The foundation’s xGov program allowed community members to submit funding applications, with registered xGov voters deciding whether to allocate foundation-provided ALGO. Suspending it would stop that community-voted funding channel.
Algorand also shelved Project King Safety, dropping consideration of removing ALGO’s supply cap, introducing and capturing maximal extractable value (MEV), and raising minimum transaction fees.
Products and access: trading, lending and custody
Solana Labs’ Leap entered iOS beta
Leap, under Solana Labs, launched an iOS beta for a mobile trading application covering tokenized stocks, ETFs, commodities, foreign exchange and crypto assets.
The project planned to use part of its trading fees to buy back and burn SOL after it began charging fees. That was a prospective mechanism, not a reported active buyback program.
Uniswap added a permissioned asset pool
Uniswap’s first Permissioned Pools Hook went live, bringing GromaCorp real-estate tokens into the Uniswap automated market maker. The reported launch involved a permissioned pool, not unrestricted access to those assets.
Aave Labs acquired fixed-rate lending technology
Aave Labs acquired the team and technology of Avon, a project developing onchain fixed-rate lending and order books. Aave Labs planned to build fixed-rate lending.
Separately, a fund affiliated with Kraken parent Payward, along with its clients, bought an undisclosed amount of AAVE on the secondary market.
BitGo opened Stacks-based Bitcoin staking to eligible institutions
BitGo made Bitcoin staking through Stacks available to eligible institutional clients of its federal trust bank. Under the arrangement described in the report, BTC remained on the Bitcoin network and in qualified custody, with rewards paid in BTC.
Jupiter and Jito expanded trading products
Jupiter Predict launched Combos, allowing multiple sports or esports predictions to be combined into one onchain transaction.
Jito’s JTX launched stock-token trading, connecting to direct issuer requests for quotes through Backpack and Ondo and covering more than 1,650 stock tokens.
Security and regulatory developments
Binance described a fake-interview intrusion
Binance disclosed an investigation into a theft case. It said attackers used a fake recruitment interview to install malware, then used internal AI tools to expand the intrusion.
Gnosis Pay reported exposure of card and wallet-linked data
Gnosis disclosed unauthorized access on November 3 to a legacy system used for Gnosis Pay’s own-branded cards. Exposed information included customer card numbers, CVVs, residential addresses and linked wallets. The report said funds were unaffected.
Mercado Bitcoin pledged reimbursement after hot-wallet theft
Mercado Bitcoin’s hot wallets were reportedly compromised across at least 10 chains, with approximately $38 million–$40 million stolen. The company said it would fully reimburse users.
FinCEN barred U.S. financial institutions from transferring funds with MEXC
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order prohibiting U.S. financial institutions from conducting fund transfers with MEXC. FinCEN alleged that the exchange facilitated at least $16 billion in transactions linked to sanctions evasion involving Iran, North Korea and Russia, among other activity.
Business figures, funding commitments and leadership
Circle: Q3 results, layoffs and a planned acquisition
Circle reported $865 million in total revenue and reserve income for Q3, up 17% year over year. That comprised:
- $658 million in reserve income, down 8% year over year.
- $207 million in other revenue, including $182 million from ARC presales.
Net income from continuing operations was $226 million, up 5% year over year.
Circle also announced layoffs affecting approximately 5% of staff and recorded $9.145 million in restructuring charges. Its quarterly report disclosed a definitive agreement to acquire Singapore-based cross-border payments company Tazapay, with completion expected in 2027.
Binance changed CFOs
Kaiser Ng stepped down as Binance CFO, succeeded by Justin Yek, formerly vice president of finance at Airwallex. Binance co-CEO He Yi said the handover had been in preparation for approximately six months.
Pyth reported higher annualized recurring revenue
Pyth reported October annualized recurring revenue (ARR) of $13.67 million, up 18.9% from $11.49 million in September. These figures described an annualized metric, not revenue collected during October alone.
Kamino outlined spending and token-unlock commitments
The Kamino Foundation committed at least $20 million over the following 24 months to product development and growth.
Its CEO said most of his personal KMNO holdings would unlock against staged fully diluted valuation (FDV) targets ranging from $1 billion to $10 billion, and that the team would adopt the same approach going forward. These were stated unlock conditions, not forecasts of future valuations.
Vision changed leadership while retaining its launch-year target
Florian left Bitpanda, with his responsibilities distributed among several people, while Vicky became Vision’s new ecosystem lead. Vision Chain still targeted a launch before the end of 2026, but no longer committed to a specific date.
Vision is Bitpanda’s Web3 project. Its VSN token was formed by merging Bitpanda’s existing BEST and Pantos tokens and is intended for staking, governance and gas on Vision Chain, an OP Stack-based layer-2 network. Florian had overseen product, commercial work and external communications for Vision; he announced on October 19 that he would leave at the end of October.