Crypto news, 9 November 2026: Coinbase wins its trust bank charter, the EU launches a tokenisation standards group and bitcoin ETF outflows
Coinbase receives its final national trust bank charter from the OCC, the ECB, the Commission and ESMA seek members for a tokenisation standards group, US bitcoin ETFs lose 1.28 billion in a week and ACryptoS suffers a 665,000 dollar exploit.
Monday, 9 November 2026. After a nervous weekend come a federal charter for Coinbase in the United States, a new European workstream on tokenisation and the tally of a heavy week for bitcoin ETFs. According to CoinGecko, in the late afternoon bitcoin is trading around 74,982 dollars (-1% in 24 hours) and ether around 2,130 dollars (-4.4%).
Markets: more than a billion in liquidations overnight
On Sunday evening bitcoin fell to about 73,761 dollars, its lowest level since August, before climbing back above 75,000, CoinDesk reports. Ether briefly dropped below 2,100 dollars. According to CoinGlass data cited by CoinDesk, more than one billion dollars in leveraged positions were liquidated in 24 hours, 913 million of them bets on rising prices; ether liquidations reached 448 million, nearly double the 272 million on bitcoin. The drop came alongside news of an internal Nvidia investigation involving its chief executive and stalled talks between the United States and Iran.
United States: Coinbase receives its final national trust bank charter
Coinbase announced that the Office of the Comptroller of the Currency (OCC) has made final the conditional charter granted in April to Coinbase National Trust Company. According to crypto.news, OCC records show the process was completed on 6 November. The charter mainly covers fiduciary custody of digital assets for institutional clients: it does not authorise retail deposits, traditional lending or direct stablecoin issuance. The existing custody business, currently supervised by New York State, will be transferred gradually over three years. "Today's approval of our national trust charter puts more of our business behind that commitment," said Vice Chairman Ryan VanGrack. In October the OCC granted a similar charter to Ripple; the community bank association ICBA is challenging this policy in court.
European Union: an industry group for tokenisation standards
The European Central Bank, the European Commission and ESMA have opened applications for the European Tokenisation Standards Group (ETSG). The group will bring together wholesale market participants, associations, fintechs and technology providers to define common standards for settling and holding financial instruments on distributed ledgers, including between DLT infrastructures and legacy systems. It will be chaired by industry, with the three authorities as observers. Applications close on 27 November 2026, work is expected to start in January 2027 and, according to the mandate, initial versions of the standards linked to the Eurosystem's Appia project are due by early 2028.
ETFs: the worst week since June for bitcoin funds
Farside Investors data, which we checked, show that US spot bitcoin ETFs recorded net outflows of 1,281.7 million dollars between 2 and 6 November, with four of five sessions negative. BlackRock's IBIT lost about 1.21 billion, while Fidelity's FBTC ended the week at +93.1 million. The previous week's balance was -202.4 million. According to The Block, based on SoSoValue data, it was the worst week since late June and brings the 2026 balance to about -914.1 million; ether ETFs lost 365.3 million, their sixth negative week in a row. Monday's flows have not yet been published.
Security: a 665,000 dollar exploit on ACryptoS vaults
In the post-mortem published by the project, ACryptoS explains that on 8 November, between 02:02 and 16:22 UTC, 135 addresses exploited a bug in its concentrated-liquidity vaults on Arbitrum, BNB Chain, Polygon, Base and Optimism, taking about 665,000 dollars from 77 of 126 vaults. The deposit function did not check that an amount was supplied for both tokens: a small deposit could mint most of the shares and immediately withdraw the other token as well. Pool prices were not manipulated and the bug had been present since the first deployment. Deposits have been blocked since 16:40 UTC, withdrawals remain open and the project, now deprecated, urges users to withdraw their funds.
Sources
- CoinDesk, weekend volatility and liquidations: https://www.coindesk.com/markets/2026/11/09/bitcoin-drops-then-pops-as-nvidia-cheating-scandal-and-failed-iran-talks-trigger-volatility
- CoinGecko, bitcoin price: https://www.coingecko.com/en/coins/bitcoin
- CoinDesk, OCC charter for Coinbase: https://www.coindesk.com/policy/2026/11/09/coinbase-gets-full-u-s-trust-charter-from-federal-banking-regulator
- crypto.news, details and limits of the Coinbase charter: https://crypto.news/coinbase-full-occ-national-trust-bank-charter/
- ECB, announcement on the European Tokenisation Standards Group: https://www.ecb.europa.eu/press/intro/news/html/ecb.mipnews261109.en.html
- ECB, mandate of the group (PDF): https://www.ecb.europa.eu/press/intro/news/html/ecb.mipnews261109_annex1.en.pdf
- ESMA, background and call for nominations (PDF): https://www.esma.europa.eu/sites/default/files/2026-11/ETSG_-_Background_and_Call_for_nominations.pdf
- Farside Investors, bitcoin ETF flows: https://farside.co.uk/btc/
- The Block, weekly ETF review: https://www.theblock.co/news/markets/2026-11-07-bitcoin-etfs-flip-negative-for-2026-after-1-28-billion-outflow-week-worst-since-june-435984
- ACryptoS, exploit post-mortem: https://docs.acryptos.com/post-mortem-univ3-family-vault-exploit-2026-11-08
