Bitcoin below $70K, Coinbase charter, NYSE | Weekly recap

• Bitcoin fell below $70,000 amid $1.47B in liquidations and ETF outflows exceeding $1.4B. • Coinbase got full federal trust bank approval; NYSE picked Avalanche for tokenized securities settlement. • Binance completed hack-related asset replacement; MEXC faces new U.S. transfer restrictions. Bitcoin dropped to $69,376 on Nov. 13, down 4.1% in 24 hours and 8.5% for the week, as crypto liquidations hit roughly $1.47 billion, mostly long positions. U.S. spot Bitcoin ETFs saw about $1.44 billion in outflows over five sessions through Nov. 11, led by BlackRock's IBIT. Hotter-than-expected October inflation (0.4% vs. 0.3% forecast) added pressure. Coinbase announced completed approval for its national trust charter on Nov. 9, putting its institutional custody business under OCC supervision; it plans to migrate custody operations from New York regulation over three years, though retail deposits, lending and stablecoin issuance are excluded. Ava Labs said Avalanche was chosen as the settlement ledger for NYSE's planned tokenized securities platform, covering round-the-clock trading of tokenized U.S. stocks and ETFs pending regulatory approval. Binance said it has fully covered customer assets lost in its roughly $6.3 billion October hack, though a confirming zero-knowledge proof is still pending. Separately, FinCEN's Nov. 6 order against MEXC over alleged $16 billion in illicit transactions is pushing other exchanges to restrict transfers linked to the platform. In other news: the DOJ and CFTC sued Arkansas over its Kalshi enforcement action, citing CFTC jurisdiction; a 21-bank consortium including Goldman Sachs and Citi committed $270 million to a dollar stablecoin venture targeting a 2027 launch; Deutsche Bank launched institutional crypto custody in Europe; MARA disclosed $1.1 billion in post-quarter Bitcoin sales and repaid $750 million in BTC-backed loans; and Strategy bought another 1,036 BTC for $81.9 million.