# Trenches Today — November 8, 2026

Canonical edition: https://trenchestoday.xyz/editions/2026-11-08
Published: 2026-11-08T05:04:24.633Z
Updated: 2026-11-08T05:04:24.633Z
Edition: 20261108
Revision: 1
Content hash: e960ba3237b416ba10f14d3e1627b1975d466642b20263dcbadf41b781feebc2

> CFTC staff issued legal guidance addressing how trust companies may be utilized for daily settlement operations.

## Lead story: CFTC Staff Issues Guidance Addressing Use of Trust Companies for Daily Settlements

CFTC staff issued legal guidance addressing how trust companies may be utilized for daily settlement operations.

- CFTC staff issued official regulatory guidance addressing the use of trust companies for daily settlements.

Original source: [cftc](https://www.cftc.gov/PressRoom/PressReleases/9322-26)

## Complete edition

### Bitcoin

#### Paraguay Bank Lockout Sparks Political Fallout and Self-Custody Debate

Topic: Bitcoin · Signal: rails

A major digital banking lockout in Paraguay impacted depositors and triggered widespread political discussions around financial access.

Edition link: https://trenchestoday.xyz/editions/2026-11-08#story-story_a1a576b2061b581e0103
Original source: [decrypt](https://decrypt.co/382676/paraguay-president-resigns-bank-lockout-bitcoin-fixes-this)

#### TeraWulf HPC Lease Revenue Reaches $63 Million as Mining Revenue Declines

Topic: Bitcoin · Signal: rails

TeraWulf posted $63 million in high-performance computing lease revenue while experiencing a drop in bitcoin mining revenue.

Edition link: https://trenchestoday.xyz/editions/2026-11-08#story-story_2dd9bd99da56f0385f9a
Original source: [the-block](https://www.theblock.co/news/business/2026-11-06-terawulfs-bitcoin-mining-revenue-falls-69-as-hpc-leasing-surges-amid-anthropic-buildout-435885)

### Solana

#### Samsung Wallet Launches USDC Support on Solana for Eligible US Galaxy Users

Topic: Solana · Signal: rails

Eligible U.S. Samsung Galaxy users can now buy, hold, send, and receive USDC on Solana directly within Samsung Wallet.

Edition link: https://trenchestoday.xyz/editions/2026-11-08#story-story_0c9048a35fa30497cc56
Original source: [decrypt](https://decrypt.co/382586/stablecoins-samsung-wallet-adds-usdc-solana)

### DeFi & Stablecoins

#### Nigeria Bans Algorithmic Stablecoins and Establishes New Crypto Reserve Rules

Topic: DeFi & Stablecoins · Signal: rails

Nigeria introduced central bank rules banning algorithmic stablecoins and imposing strict reserve mandates on payment providers.

Edition link: https://trenchestoday.xyz/editions/2026-11-08#story-story_525caf6aaae36dde47af
Original source: [cointelegraph](https://cointelegraph.com/news/nigeria-algorithmic-stablecoin-ban-crypto-licensing)

#### World Liberty Financial Plans Token Buyback Using USD1 Reserve Revenue

Topic: DeFi & Stablecoins · Signal: rails

World Liberty Financial intends to allocate revenue from USD1 stablecoin reserves toward governance token purchases.

Edition link: https://trenchestoday.xyz/editions/2026-11-08#story-story_5c048fa2b6009db9b785
Original source: [coindesk](https://www.coindesk.com/business/2026/11/06/trump-backed-world-liberty-financial-plans-token-buyback-after-66-year-to-date-slide)

### Markets & Macro

#### Zcash Major NU7 Upgrade Goes Live on Mainnet With Fee Recycling Mechanism

Topic: Markets & Macro · Signal: rails

Zcash activated its NU7 upgrade, introducing a sustainability mechanism that recycles 60% of transaction fees for block rewards.

Edition link: https://trenchestoday.xyz/editions/2026-11-08#story-story_69fbe76633fcd404127b
Original source: [decrypt](https://decrypt.co/382692/zcashs-nu7-upgrade-goes-live-recycling-60-of-fees-to-fund-future-block-rewards)

#### Kraken Parent Payward and Clients Acquire AAVE Tokens in DeFi Expansion

Topic: Markets & Macro · Signal: rails

Payward, the parent company of Kraken, along with affiliated clients purchased AAVE token stakes as part of a strategic DeFi initiative.

Edition link: https://trenchestoday.xyz/editions/2026-11-08#story-story_2d680c632ab15f61f3af
Original source: [coindesk](https://www.coindesk.com/business/2026/11/05/kraken-parent-payward-and-its-clients-buy-aave-tokens-in-defi-investment-push)

#### Bitcoin Reclaims $76,000 Following Tech Sell-Off and ETF Outflows

Topic: Markets & Macro · Signal: rails

Bitcoin recovered back above $76,000 after broader market pullbacks saw spot crypto ETFs log $430 million in net outflows.

Edition link: https://trenchestoday.xyz/editions/2026-11-08#story-story_af1b94cdac284a9051a9
Original source: [coindesk](https://www.coindesk.com/markets/2026/11/06/bitcoin-recovers-usd76-000-level-as-etfs-shed-usd430-million-after-tech-rout)

### Industry & Other

#### Federal Court Grants Injunction Barring Kalshi Sports Contracts on Tribal Lands

Topic: Industry & Other · Signal: rails

A federal judge issued a preliminary injunction restricting Kalshi from offering sports prediction markets within specific California tribal lands.

Edition link: https://trenchestoday.xyz/editions/2026-11-08#story-story_966bdb20fd00121775b5
Original source: [the-block](https://www.theblock.co/news/business/2026-11-06-kalshi-injunction-california-tribal-lands-435813)

## Corrections

No corrections recorded for this revision.

## Use and attribution

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