PANews reported on November 9th that Coinbase Institutional stated in its monthly outlook report that although the crypto market remains shrouded in panic, the liquidations in October are more likely to foreshadow a strong medium- to long-term rebound rather than weakness, laying a good foundation for a rise in the fourth quarter. However, a full market stabilization may take several months, and currently, a slow rise is more likely in the medium term than a surge to all-time highs.
The report notes that while leverage levels have improved, liquidity gaps persist. Capital is rotating, with savvy investors converging around EVM chains, RWAs, and yield protocols—indicating selective risk reinvestment rather than withdrawal. Macroeconomic risks remain, but structural demand is strengthening. Coinbase ultimately concludes that this is a bottoming phase before the next upward move, not a cyclical top.

Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more
