Charles Schwab brings SOL, AVAX and LINK trading to millions of brokerage clients
Charles Schwab adds SOL, AVAX, and LINK as Bitcoin slips below $75K amid $1.28B in ETF outflows, while NYSE taps Avalanche for tokenized stocks.
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Wall Street isn't just buying crypto anymore. It's building on it.
Two major exchanges are moving real securities onto blockchain rails.
A DeFi merger just pitched the SEC on tokenized stock trading.
The line between traditional finance and crypto infrastructure is dissolving fast.
Charles Schwab adds Solana, Avalanche and Chainlink to its crypto lineup
Schwab clients can now buy SOL, AVAX and LINK directly from their brokerage accounts.
The three tokens join Bitcoin and Ethereum on the platform, broadening Schwab's digital asset shelf.
When a firm managing $10T in assets adds altcoins, it signals retail demand has moved well past Bitcoin.
Markets
Institutional selling and leveraged liquidations drag markets lower
US spot Bitcoin ETFs bled $1B in weekly outflows, their worst stretch since late June.
Cascading liquidations of leveraged longs amplified the decline across the board.
An Nvidia investigation added broader risk-off pressure to an already fragile market.
BTC slipped below $75K, ETH traded near $2,100, SOL hovered around $87 and XRP fell to $1.10.
NYSE taps Avalanche to power clearing for its tokenized securities platform
The New York Stock Exchange chose Avalanche as the core ledger for a new tokenized stock venue.
The platform would enable 24/7 trading and near-instant settlement, pending regulatory approval.
If the oldest US stock exchange moves settlement on-chain, every other exchange will feel the pressure.
Formation Securities tells SEC it wants to trade tokenized stocks on Solana
Formation Securities, born from the Orca and Loopscale merger, filed plans with the SEC for a Solana-based stock venue.
The firm would use permissioned automated market makers under the SEC's innovation exemption framework.
DeFi protocols merging into regulated broker-dealers is a plot twist few predicted two years ago.
Strategy scoops up 1,036 more Bitcoin while buying back $188M of its own stock
Strategy added 1,036 BTC for roughly $82M between November 2 and November 8.
The company also repurchased $188M of its STRC shares in the same window.
With 850K Bitcoin on its balance sheet, every price swing moves the needle on Strategy's entire financial identity.
On Our Radar
Wallet or exchange: Picking your crypto storage method matters more than you think.*
Layer 2 ambitions: Hyperliquid's getting a new settlement layer for non-perpetual trading.
Crypto's regulatory win: Coinbase officially becomes a federally chartered national trust bank.
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