Days after spy-chipped devices from one of its resellers drained Ledger users, Ledger unveiled a phone. Plus three Canadian soldiers are charged in the kidnapping of a crypto exchange owner, the OCC confirms Operation Choke Point 2.0 was real, and Binance shuts down its mining pool.

• The Ledger theft traces back to CryptoBilis, a third-party reseller in Southeast Asia. Thieves allegedly paid it to plant SIM-card implants that sent out recovery phrases. Brandon: you shouldn't have to crack open your hardware wallet to check every chip.
• Then Ledger unveiled Atom, a phone-shaped device running Android next to Ledger's secure OS, built with Solana Mobile so AI agents can request transactions you approve. Brandon says read the room. Kate: the comments just want the devices to be safe.
• Trezor is scaling back its third-party reseller program and cutting a large share of its resellers starting in 2027.
• Binance is shutting down its mining pool on November 10 after six years and 22,188 blocks, the third major pool to go this year after SBI Crypto and Poolin. Brandon: every four years your profits get cut in half.
• Block is teasing a Square credit card that earns 3% back in Bitcoin, listed as in progress on its public roadmap.
• Seven men, three of them Canadian Armed Forces members, face 82 charges for kidnapping a Toronto crypto exchange owner at gunpoint in July. Brandon's defense: time locks and multisig from services like Casa and Unchained.
• The OCC's debanking report found all nine of the largest banks it supervises had debanking policies from 2020 to 2025, confirming Operation Choke Point 2.0. Crypto, coal, firearms, and tobacco were all targeted.
• Treasury hit Bank of America with a $1.2B fine for money laundering and sanctions violations, its third-largest penalty ever behind Binance ($4B) and TD Bank ($3B). Brandon: it's not isolated to crypto.
• Binance.US is looking to raise up to $100M at a roughly $1B valuation, per Bloomberg.
• OKX is teasing a Mastercard-powered stablecoin card for the US with 2% cash back, up to 10% for VIP members.
• Treasury tracker: Strategy +250 (848,250 BTC), Strive +2,822 (35,595, now the fourth-largest treasury company), CleanSpark sold 173 (13,530), Smarter Web Company +83 (2,830), BitFuFu +15 (1,388), and Super League made its first buy, 1 BTC.
• Follow the show on X: @goodforbtc.

• Brandon Marshall — @marshallmixing
• Kate Parkman — @katemparkman

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