In this episode of the Wu Blockchain podcast, Plume co-founder and CEO Chris Yin discusses RWA distribution, sources of yield, liquidity, and compliance. Chris argues that stablecoins have validated the RWA model, while the greater challenge now is distributing assets to users and building sustainable liquidity.
He stresses that high-yield products also involve underlying credit and custody risks, asset maturities, and redemption restrictions, and that tokenization does not automatically improve liquidity. Over the next two to three years, he expects more traditional institutions to enter the RWA market, advancing native onchain issuance, derivatives, yield splitting, and new types of investment portfolios. — link
He stresses that high-yield products also involve underlying credit and custody risks, asset maturities, and redemption restrictions, and that tokenization does not automatically improve liquidity. Over the next two to three years, he expects more traditional institutions to enter the RWA market, advancing native onchain issuance, derivatives, yield splitting, and new types of investment portfolios. — link
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Kraken Parent Payward Launches Over 200 Tokenized UK and EU Stocks, Pushing xStocks Past 1,500, with Hundreds of Hong Kong Stocks to Follow in Coming Weeks
Kraken parent company Payward announced that it has added more than 200 tokenized stocks of UK- and EU-listed companies through xStocks, bringing the total number of products above 1,500. Each token is backed 1:1 by the underlying shares held at a regulated custodian and can be traded on Kraken and supporting xStocks Alliance platforms. Payward expects to launch hundreds of tokenized Hong Kong stocks in the coming weeks. Existing eligibility restrictions remain unchanged, and the service remains unavailable to UK investors, users located in the United States, and U.S. persons. — link
Kraken parent company Payward announced that it has added more than 200 tokenized stocks of UK- and EU-listed companies through xStocks, bringing the total number of products above 1,500. Each token is backed 1:1 by the underlying shares held at a regulated custodian and can be traded on Kraken and supporting xStocks Alliance platforms. Payward expects to launch hundreds of tokenized Hong Kong stocks in the coming weeks. Existing eligibility restrictions remain unchanged, and the service remains unavailable to UK investors, users located in the United States, and U.S. persons. — link
OKXICE Plans to Launch Tokenized Securities Trading Venue on November 23 Under SEC Innovation Exemption
OKXICE, the joint venture between OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, has announced plans to launch a tokenized securities trading venue on November 23 under the U.S. Securities and Exchange Commission’s (SEC) five-year Innovation Exemption. The venue has currently confirmed 70 assets, involving issuers including Coinbase, Circle and Robinhood, as well as 59 exchange-traded funds (ETFs). The service is available to U.S. customers who hold a CeDeFi Wallet and have completed the account-opening process. — link
OKXICE, the joint venture between OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, has announced plans to launch a tokenized securities trading venue on November 23 under the U.S. Securities and Exchange Commission’s (SEC) five-year Innovation Exemption. The venue has currently confirmed 70 assets, involving issuers including Coinbase, Circle and Robinhood, as well as 59 exchange-traded funds (ETFs). The service is available to U.S. customers who hold a CeDeFi Wallet and have completed the account-opening process. — link
Russian Central Bank: Exchanges May Conduct Crypto Trading from November 22, Subject to Prior Approval of Trading Rules
According to TASS, the Bank of Russia said Russian exchanges may begin offering cryptocurrency trading from November 22, 2026, provided they first agree on trading rules with the regulator. The relevant directive has been registered by the Russian Ministry of Justice. Exchanges must register brokers, trustees, and central counterparties as trading participants, maintain order and transaction records, monitor trading activity, and calculate spot prices, weighted average prices, market prices, and closing prices. They are also required to submit trading data and results to the central bank in accordance with existing reporting procedures for other assets. — link
According to TASS, the Bank of Russia said Russian exchanges may begin offering cryptocurrency trading from November 22, 2026, provided they first agree on trading rules with the regulator. The relevant directive has been registered by the Russian Ministry of Justice. Exchanges must register brokers, trustees, and central counterparties as trading participants, maintain order and transaction records, monitor trading activity, and calculate spot prices, weighted average prices, market prices, and closing prices. They are also required to submit trading data and results to the central bank in accordance with existing reporting procedures for other assets. — link
Japan’s Largest Brokerage Nomura Explores Sale of Crypto Unit Laser Digital
According to Bloomberg, Japan’s Nomura Holdings is exploring a potential sale of its crypto unit Laser Digital and has held talks with prospective buyers, including Marex Group, which is evaluating a deal. No final decision has been made, and Nomura may retain the business. Losses at Laser Digital amid crypto market volatility pushed Nomura’s European operations into a quarterly loss, prompting tighter risk controls. Founded in 2022, Laser Digital provides institutional crypto trading, asset management and venture investment services. The firm recently obtained a crypto exchange services license in Japan and received conditional approval for a US national trust bank charter in May. — link
According to Bloomberg, Japan’s Nomura Holdings is exploring a potential sale of its crypto unit Laser Digital and has held talks with prospective buyers, including Marex Group, which is evaluating a deal. No final decision has been made, and Nomura may retain the business. Losses at Laser Digital amid crypto market volatility pushed Nomura’s European operations into a quarterly loss, prompting tighter risk controls. Founded in 2022, Laser Digital provides institutional crypto trading, asset management and venture investment services. The firm recently obtained a crypto exchange services license in Japan and received conditional approval for a US national trust bank charter in May. — link
Polymarket Restructures After Business Setbacks, Cuts Staff and Ends Contractor Agreements
According to Bloomberg, Polymarket has laid off employees and ended contracts with several contractors as part of a broader restructuring. The move comes after the prediction market platform lost its market-leading position to rival Kalshi and faced investor pressure to improve management. Polymarket said the reorganization followed the appointment of new leadership and involved additional hiring, personnel changes and layoffs, but declined to disclose specific figures. The company has recently recruited senior executives from Amazon, Goldman Sachs, DoorDash and Robinhood. — link
According to Bloomberg, Polymarket has laid off employees and ended contracts with several contractors as part of a broader restructuring. The move comes after the prediction market platform lost its market-leading position to rival Kalshi and faced investor pressure to improve management. Polymarket said the reorganization followed the appointment of new leadership and involved additional hiring, personnel changes and layoffs, but declined to disclose specific figures. The company has recently recruited senior executives from Amazon, Goldman Sachs, DoorDash and Robinhood. — link
Nvidia Board Preparing to Oust CEO Jensen Huang, Shares Fall as Much as 8% After Hours
According to The Wall Street Journal, Nvidia's board is preparing to remove co-founder and CEO Jensen Huang, with directors potentially meeting as early as November 11 to decide his future. The move follows reports that Huang had extramarital relationships with two women, including Alice Huang, an executive at Singapore-based data company Megaspeed, a major Nvidia customer. Nvidia's board has launched an investigation into the matter. On November 8, Huang acknowledged being unfaithful to his wife in a letter to employees and apologized for betraying their trust. No final decision on his position has been announced. Nvidia shares fell as much as 8% in after-hours trading following the report. — link
According to The Wall Street Journal, Nvidia's board is preparing to remove co-founder and CEO Jensen Huang, with directors potentially meeting as early as November 11 to decide his future. The move follows reports that Huang had extramarital relationships with two women, including Alice Huang, an executive at Singapore-based data company Megaspeed, a major Nvidia customer. Nvidia's board has launched an investigation into the matter. On November 8, Huang acknowledged being unfaithful to his wife in a letter to employees and apologized for betraying their trust. No final decision on his position has been announced. Nvidia shares fell as much as 8% in after-hours trading following the report. — link
MSCI to Remove Strategy and Metaplanet From Indexes, Potential MSTR Outflows Could Reach $8.8B
According to Reuters, MSCI will remove Strategy (MSTR), Japan's Bitcoin treasury firm Metaplanet, and UK-based uranium investment company Yellow Cake from its global indexes, effective December 1, under its new non-operating companies methodology. MSCI determined that these companies more closely resemble investment funds than operating businesses. Strategy previously warned that exclusion could trigger approximately $2.8 billion in stock sales. JPMorgan earlier estimated that outflows from Strategy shares could reach $8.8 billion if other index providers followed suit. MSTR fell 2.5% in after-hours trading following the announcement. Ethereum treasury firm SharpLink (SBET) was also placed on MSCI's watchlist. — link
According to Reuters, MSCI will remove Strategy (MSTR), Japan's Bitcoin treasury firm Metaplanet, and UK-based uranium investment company Yellow Cake from its global indexes, effective December 1, under its new non-operating companies methodology. MSCI determined that these companies more closely resemble investment funds than operating businesses. Strategy previously warned that exclusion could trigger approximately $2.8 billion in stock sales. JPMorgan earlier estimated that outflows from Strategy shares could reach $8.8 billion if other index providers followed suit. MSTR fell 2.5% in after-hours trading following the announcement. Ethereum treasury firm SharpLink (SBET) was also placed on MSCI's watchlist. — link
Highlight Clip: Ledger CEO: Everybody will be hacked at some point
Ledger CEO: Everybody will be hacked at some point
In an interview with Bloomberg Television on November 10, 2026, Ledger CEO Pascal Gauthier was asked how the hardware wallet maker could reassure users about the security of its devices. He said perfect security does not exist and that Ledger can be hacked like any other organization. Gauthier said the losses amounted to about 0.01% of the assets Ledger protects. He said the hardware wallet industry has suffered smaller losses than centralized institutions, both in dollar terms and as a share of assets, and argued that decentralized security remains more effective. He added that the market still needs banks and Binance and that he expects security threats to worsen year after year. — link
Ledger CEO: Everybody will be hacked at some point
In an interview with Bloomberg Television on November 10, 2026, Ledger CEO Pascal Gauthier was asked how the hardware wallet maker could reassure users about the security of its devices. He said perfect security does not exist and that Ledger can be hacked like any other organization. Gauthier said the losses amounted to about 0.01% of the assets Ledger protects. He said the hardware wallet industry has suffered smaller losses than centralized institutions, both in dollar terms and as a share of assets, and argued that decentralized security remains more effective. He added that the market still needs banks and Binance and that he expects security threats to worsen year after year. — link
Crypto Hack Losses Equal 57 Cents for Every $1 in On-Chain Revenue Since 2017, ARK Analyst Says
Lorenzo Valente, director of digital asset research at ARK Invest, said the crypto industry has lost approximately $26.9 billion to hacks since 2017, equivalent to 57 cents for every $1 of its roughly $47 billion in cumulative on-chain revenue over the same period. The $6.36 billion Binance hack alone exceeded the industry's total on-chain revenue so far in 2026, he said. Valente warned that security vulnerabilities have become a major bottleneck to the industry's growth. — link
Lorenzo Valente, director of digital asset research at ARK Invest, said the crypto industry has lost approximately $26.9 billion to hacks since 2017, equivalent to 57 cents for every $1 of its roughly $47 billion in cumulative on-chain revenue over the same period. The $6.36 billion Binance hack alone exceeded the industry's total on-chain revenue so far in 2026, he said. Valente warned that security vulnerabilities have become a major bottleneck to the industry's growth. — link
Highlight Clip: Vitalik: Ethereum's Top Priority Is Survival
Vitalik: Ethereum's Top Priority Is Survival
On November 4, Ethereum co-founder Vitalik Buterin said that Ethereum's top priority over the next decade should be survival while preserving its core properties, including security, privacy, and open-source principles. He believes that in an era when AI is reshaping everything year after year, Ethereum should shift its focus from incremental 5% improvements to breakthroughs that deliver 5x gains. Whether in its technical roadmap or application development, the priority should be solving truly important problems and avoiding premature optimization. — link
Vitalik: Ethereum's Top Priority Is Survival
On November 4, Ethereum co-founder Vitalik Buterin said that Ethereum's top priority over the next decade should be survival while preserving its core properties, including security, privacy, and open-source principles. He believes that in an era when AI is reshaping everything year after year, Ethereum should shift its focus from incremental 5% improvements to breakthroughs that deliver 5x gains. Whether in its technical roadmap or application development, the priority should be solving truly important problems and avoiding premature optimization. — link
Telegram Founder Durov Says GRAM Is the Only Crypto Built Into a Major Social Platform, "Ridiculously Undervalued"
Telegram founder and CEO Pavel Durov said GRAM, the native token of the TON blockchain, remains "ridiculously undervalued," calling it the only cryptocurrency built into a major social ecosystem. He argued that GRAM deserves a place among the top three cryptocurrencies by market capitalization and expressed confidence it would eventually get there. Despite a broader crypto market downturn, GRAM rose about 14% in 24 hours, while more than 1 million self-custodial Gram wallets were activated on Telegram over the preceding 48 hours, according to Durov. — link
Telegram founder and CEO Pavel Durov said GRAM, the native token of the TON blockchain, remains "ridiculously undervalued," calling it the only cryptocurrency built into a major social ecosystem. He argued that GRAM deserves a place among the top three cryptocurrencies by market capitalization and expressed confidence it would eventually get there. Despite a broader crypto market downturn, GRAM rose about 14% in 24 hours, while more than 1 million self-custodial Gram wallets were activated on Telegram over the preceding 48 hours, according to Durov. — link
Nvidia CEO Jensen Huang's Exit Odds Hit 88% on Polymarket Amid Reports of Second Affair
Nvidia's board was meeting to consider removing CEO Jensen Huang after The New York Times reported allegations of an extramarital affair with Kimberly Powell, the company's vice president of healthcare, who reported directly to him, according to Reuters. The report follows earlier allegations involving a businesswoman suspected by U.S. intelligence of ties to Chinese espionage. Nvidia, the world's leading AI chipmaker, saw its shares plunge more than 8% in after-hours trading. Polymarket odds of Huang resigning or being removed by year-end briefly reached 88%. — link
Nvidia's board was meeting to consider removing CEO Jensen Huang after The New York Times reported allegations of an extramarital affair with Kimberly Powell, the company's vice president of healthcare, who reported directly to him, according to Reuters. The report follows earlier allegations involving a businesswoman suspected by U.S. intelligence of ties to Chinese espionage. Nvidia, the world's leading AI chipmaker, saw its shares plunge more than 8% in after-hours trading. Polymarket odds of Huang resigning or being removed by year-end briefly reached 88%. — link
Bitcoin ETFs Shed $300 Million, Ether Funds Lose $145 Million
According to SoSoValue, U.S. spot Bitcoin ETFs recorded $300 million in net outflows on November 11, while Morgan Stanley's MSBT led individual fund inflows with $8.96 million. Spot Ethereum ETFs saw $145 million in net outflows, with BlackRock's ETHA accounting for $130 million. — link
According to SoSoValue, U.S. spot Bitcoin ETFs recorded $300 million in net outflows on November 11, while Morgan Stanley's MSBT led individual fund inflows with $8.96 million. Spot Ethereum ETFs saw $145 million in net outflows, with BlackRock's ETHA accounting for $130 million. — link
Tether's $4.8 Billion Stock Portfolio Spans Bitcoin Mining, Gold and Media
According to Protos' analysis of U.S. regulatory filings, Tether, issuer of the world's largest stablecoin USDT, holds approximately $4.8 billion in equity exposure across 13 U.S.-listed companies spanning media, gold mining, Bitcoin mining and crypto treasury businesses. Its three largest holdings are Twenty One Capital ($1.37 billion), Rumble ($1.33 billion) and Adecoagro ($966 million), accounting for roughly 76% of the total. Several investments have performed poorly, with Twenty One Capital down about 53% since listing, while Aurelion and Antalpha have fallen roughly 91% and 90%, respectively. — link
According to Protos' analysis of U.S. regulatory filings, Tether, issuer of the world's largest stablecoin USDT, holds approximately $4.8 billion in equity exposure across 13 U.S.-listed companies spanning media, gold mining, Bitcoin mining and crypto treasury businesses. Its three largest holdings are Twenty One Capital ($1.37 billion), Rumble ($1.33 billion) and Adecoagro ($966 million), accounting for roughly 76% of the total. Several investments have performed poorly, with Twenty One Capital down about 53% since listing, while Aurelion and Antalpha have fallen roughly 91% and 90%, respectively. — link
TSMC Confirms Hacker Obtained Employee Data and Demanded 3 BTC, Says Internal Systems Uncompromised
According to Jiemian News, Taiwan Semiconductor Manufacturing Company (TSMC) responded on November 12 to reports of a hacker attempting to sell an alleged 6.9GB database containing 46,000 TSMC employee records on an underground forum for 3 BTC; TSMC confirmed that personal data belonging to certain current and former employees was exposed without authorization, noting that preliminary investigations link the leaked records to a third-party cloud service provider's system rather than an intrusion into TSMC's own internal IT infrastructure. The chipmaker emphasized that production operations and customer data remain completely unaffected, adding that it is notifying impacted staff and working closely with the cloud vendor, law enforcement, and external cybersecurity firms to investigate the breach. — link
According to Jiemian News, Taiwan Semiconductor Manufacturing Company (TSMC) responded on November 12 to reports of a hacker attempting to sell an alleged 6.9GB database containing 46,000 TSMC employee records on an underground forum for 3 BTC; TSMC confirmed that personal data belonging to certain current and former employees was exposed without authorization, noting that preliminary investigations link the leaked records to a third-party cloud service provider's system rather than an intrusion into TSMC's own internal IT infrastructure. The chipmaker emphasized that production operations and customer data remain completely unaffected, adding that it is notifying impacted staff and working closely with the cloud vendor, law enforcement, and external cybersecurity firms to investigate the breach. — link
Crypto Market Maker Wintermute Nets $227 Million on Hyperliquid, Holds $72 Million in Shorts
According to Onchain Lens, crypto market maker Wintermute has recorded approximately $227 million in cumulative PnL on Hyperliquid, including $18.9 million in profits over the past 30 days. Its current positions total $92.45 million, including $72.45 million in shorts, with $3.13 million in unrealized gains. Major short positions include ETH ($13.84 million), SOL ($11.24 million) and HYPE ($6.51 million). — link
According to Onchain Lens, crypto market maker Wintermute has recorded approximately $227 million in cumulative PnL on Hyperliquid, including $18.9 million in profits over the past 30 days. Its current positions total $92.45 million, including $72.45 million in shorts, with $3.13 million in unrealized gains. Major short positions include ETH ($13.84 million), SOL ($11.24 million) and HYPE ($6.51 million). — link
U.S. Initial Jobless Claims Rise to 200K for Week Ending Nov. 7, Above Expectations
U.S. initial jobless claims for the week ending November 7 were 200,000, versus expectations of 195,000. The prior week’s figure was revised from 189,000 to 191,000. — link
U.S. initial jobless claims for the week ending November 7 were 200,000, versus expectations of 195,000. The prior week’s figure was revised from 189,000 to 191,000. — link
Core Global Financial Infrastructure DTCC to Connect Tokenization Service With Solana, Expected to Launch in H2 2027
The Depository Trust & Clearing Corporation (DTCC) has announced plans to integrate its DTCC Tokenization Service (DTS) with Solana, enabling eligible traditional securities custodied at The Depository Trust Company (DTC) to be rapidly converted into onchain tokenized assets with full lifecycle management; the integration is expected to launch in the second half of 2027. DTS officially went live on October 28, 2026, initially covering 34 underlying securities—including Russell 1000 constituents, ETFs, and U.S. Treasuries—with initial support for the Canton Network and the private Besu blockchain. — link
The Depository Trust & Clearing Corporation (DTCC) has announced plans to integrate its DTCC Tokenization Service (DTS) with Solana, enabling eligible traditional securities custodied at The Depository Trust Company (DTC) to be rapidly converted into onchain tokenized assets with full lifecycle management; the integration is expected to launch in the second half of 2027. DTS officially went live on October 28, 2026, initially covering 34 underlying securities—including Russell 1000 constituents, ETFs, and U.S. Treasuries—with initial support for the Canton Network and the private Besu blockchain. — link