Crypto market today, November 9, 2026: ETH and XRP fall, AVAX rises
Bitcoin slipped 1% while ETH and XRP fell more; Coinbase won a trust charter and Schwab added three tokens ahead of Tuesday's US CPI report.
Bitcoin edged lower over the past 24 hours, trading near $74,889, down 1.0%, according to FudPanic market data. Ether fell 4.2% to about $2,129 and XRP dropped 5.2% to roughly $1.09, the weakest of the major coins we track. Solana lost 2.8% and Polkadot 2.4%.
Avalanche was the standout on the upside, up 5.1% to about $8.58. Chainlink (+0.3%), Sui (+0.2%) and Litecoin (+0.1%) were close to flat. None of the sources we reviewed tied any of these moves to a specific cause.
Mood: fear, but less than yesterday
FudPanic's Fear & Greed index stands at 40, in the Fear zone. That is up from 35 yesterday but well below last week's reading of 53.
Institutions edge closer to crypto rails
Coinbase received final approval from the US Office of the Comptroller of the Currency for a national trust bank charter, following conditional approval in April, according to Wu Blockchain. The charter supports custody, payments and potential stablecoin issuance but does not allow ordinary deposits or loans. Separately, Unfolded reported that PNC plans to offer stablecoin payments to clients through a partnership with Coinbase, though the snippet gave no timing or volume.
Bloomberg reported, as relayed by Unfolded, that the NYSE plans to settle tokenized stocks on Avalanche; timing and scale are unclear. The Cryptonomist said Charles Schwab added Solana, Avalanche and Chainlink to Schwab Crypto today, joining Bitcoin and Ethereum, with a 75 basis point fee per trade and no FDIC or SIPC protection. The Block reported that Formation has notified the SEC it plans to run a tokenized securities venue on Solana, with a launch expected in early 2027 and initial offerings including shares of Exodus Movement, Forward Industries and Galaxy Digital.
On the buying side, Wu Blockchain reported that BitMine added 9,587 ETH last week, lifting holdings to about 6.07 million ETH, or roughly 4.97% of supply. The Cryptonomist said Strategy's latest ATM update shows $283.8 million raised, with $188.3 million going to STRC buybacks and $81.9 million to Bitcoin.
Scrutiny and security problems
CoinDesk, citing Elliptic, reported that North Korean hackers created six memecoins to launder about 117,000 NEAR, worth roughly $430,000, linked to the $6.3 billion Binance hack. It shows stolen funds are still moving through crypto markets. Mercado Bitcoin, the Brazilian exchange, has begun a view-only reopening after a hack, according to The Defiant. The company says it will replace stolen assets with its own funds, with payments and trading to return in later phases.
On politics, Wu Blockchain reported that Senator Richard Blumenthal sent letters to Binance, Tether, World Liberty Financial and Fight Fight Fight LLC demanding records by January 4, 2027, and said the subcommittee will seek other means if they do not comply. Unchained reported that President Trump, in a 60 Minutes interview, confirmed he co-owns World Liberty Financial but said he knows nothing about the project. Unchained also noted the midterm results give Congressional committees subpoena power. Wu Blockchain also reported that a former Ethereum Foundation official filed a federal suit in Colorado against the Foundation and Vitalik Buterin, alleging retaliatory firing; the claims are unproven.
The next scheduled event is the US CPI report for October on Tuesday, November 10, at 8:30 AM New York time. After that come the November jobs report on Friday, December 4, and the Federal Reserve rate decision on Wednesday, December 9, at 2:00 PM New York time. The Blumenthal records deadline of January 4, 2027 and the phased Mercado Bitcoin restart remain open.
Sources
- North Korean hackers are creating memecoins to wash loot from $6.3 billion Binance hack CoinDesk
- Coinbase wins final OCC approval for national trust bank charter Wu Blockchain
- Strategy Inc’s ATM update directs $188.3M to buybacks and $81.9M to Bitcoin The Cryptonomist
- NYSE to Settle Tokenized Stocks on Avalanche Blockchain - Bloomberg Unfolded
- PNC to offer stablecoin payments to clients in Coinbase partnership Unfolded
- BitMine Nears 5% of ETH Supply After Adding 9,587 ETH Wu Blockchain
- Formation notifies SEC to operate first tokenized securities venue on Solana The Block
- Trump Defends World Liberty Stake, Says Past Presidents Owned ‘Whatever Crypto Was at the Time’ Unchained
Written with AI assistance from the sources above and checked against them. Not investment advice.