NYSE selected Avalanche as core ledger technology for the clearing firm behind a planned tokenized-securities venue intended to provide 24/7 trading, clearing, and settlement. The proposed platform would retain NYSE’s Pillar matching engine, use stablecoin funding, and offer instant settlement, but remains subject to regulatory approval. AVAX rose 9.25% over 24 hours to $8.65, with $526.3 million in 24-hour volume.
The choice places a public-chain settlement layer within a major-market-operator-led design, separating the familiar matching engine from the post-trade infrastructure that tokenization seeks to compress. That could strengthen the case for blockchain-based securities workflows while leaving token-holder economics uncertain: the planned venue, licensing arrangements, regulatory approvals, custody model, and eventual transaction volumes will determine whether network use translates into durable value capture for AVAX.
Coinbase’s custody arm received final approval for a national trust bank charter from the OCC, converting its earlier conditional approval and allowing the firm to operate institutional crypto custody under federal oversight; the charter does not permit deposits, lending, or stablecoin issuance. Separately, Coinbase and PNC Bank are piloting USDC acceptance for eligible corporate and institutional clients on Ethereum, with tokens converted one-for-one into dollar deposits. Together, the developments extend regulated custody and bank-connected payment channels, although the scale of corporate adoption and any broader payment-product rollout remain unreported.
MARA reported $634.4 million in third-quarter net profit and sold 13,597 BTC to repay $750 million of loans, while authorizing a further $500 million stock buyback; two planned data-center leases may slip into 2027 as the miner pivots toward AI. Bitcoin traded at $75,280, up 0.87% over 24 hours, after reports of more than $1 billion in long liquidations and an intraday rebound from an 11-week low near $73,500. The debt reduction lowers balance-sheet leverage, but the asset sale and potential data-center delays underscore how mining-equity valuations remain exposed to both bitcoin prices and execution outside the core mining business.