The Block

The votes are in. Now what for crypto legislation?

The Capitol Crypto Forum on November 19 is the first gathering of lawmakers, regulators, and industry leaders since the midterms.

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capitolcryptoforum2026.splashthat.com/TheBlock

ICYMI: "Everyone knows that there's great pools of liquidity, the rates are good, but you can't access it in a way that your risk team is comfortable with." Anchorage Digital's AJ Macey says institutions are moving into DeFi now because the plumbing finally exists, and the Chainlink integration is how Anchorage clients reach that liquidity without leaving qualified custody.

THE BLOCK: Binance CFO Kaiser Ng is leaving the exchange to pursue a new venture and will be replaced by Justin Yek, formerly VP of finance at Airwallex.

The change, which Binance says has been planned for six months, comes nine days after hackers stole more than $6 billion from the exchange.

THE BLOCK: An ex-FBI agent pleaded guilty to stealing $2.47 million in crypto by searching agency databases for the credentials to wallets tied to FBI investigations.

He paid $20,000 toward a Lexus and planned a move to Portugal, which ChatGPT had recommended, per court docs.

THE BLOCK: Bitcoin ETFs lost $1.28 billion last week, their worst week since June, which leaves them down $914 million for 2026.

Ether funds have now had six straight losing weeks, and Solana and Hyperliquid ETFs are on their longest outflow streaks since launch.