Good Morning Bitcoin, 13 November
Today's Snapshot
- Teranode fix ends startup crash at mainnet scale
- ETFs shed $1.88bn in eight sessions
- OCC finalises GENIUS Act rules
Bitcoin trades through a week in which US spot ETF holders have been heading for the exits. Teranode ships a fix for a crash that only shows up at mainnet scale, the same ETFs extend their run of redemptions and the OCC finalises the first federal stablecoin rules. Let's get into it:
Teranode fix stops startup crash on large Aerospike deployments
The news
BSV Blockchain's Teranode team published release v0.16.1-beta-9 on 12 November 2026 at 15:12 UTC, built from commit 807f1be. It fixes a bug (pull request #2151) that stopped Block Assembly from starting on a mainnet-sized Aerospike UTXO store. Its startup read of the conflict-resolution write-ahead log timed out while walking every record in the namespace.
The store now builds a secondary index on that log, so the startup read no longer scans the whole namespace. While the index is building, the node falls back to the old scan. The release notes say each startup read of the index is retried with backoff for up to 10 minutes, meaning a transient storage error delays startup instead of ending it.
A second fix (#2149) makes the daemon exit with a non-zero status when a service fails. Previously, it exited zero, leaving Docker's "restart: on-failure" and systemd's "Restart=on-failure" unable to detect the failure. In a split deployment, the other services kept reporting healthy even though the node was down.
A third change (#2177) addresses part of a memory issue tracked as #2176. The cgroup's out-of-memory killer could stop subtree validation while Go's garbage collector still believed it had headroom. GOMEMLIMIT now counts the transaction metadata cache's off-heap memory, and large parent transactions decode from the external blob store with one exact allocation instead of repeated 64 KiB steps.
What's next?
Watch the new counter teranode_aerospike_conflict_wal_fallback_scans, which shows whether a node is still scanning the old way, along with the follow-up work on #2176.
The Takeaway
The Takeaway: A bug that only appears at mainnet scale is proof Teranode is being tested against the load BSV is meant to carry.
Small test networks won't surface a startup read that walks every record in a production-sized UTXO store. This one was found and fixed before a mainnet operator hit it, which is exactly the order of events operators want.
The exit-code fix matters just as much in practice. A node that fails while its sibling services report healthy is worse than one that's plainly down, because automated restarts never fire. For anyone running Teranode in a split deployment, the supervisor now sees what the node sees.
US spot Bitcoin ETFs post a seventh outflow day in eight sessions
The news
US spot Bitcoin ETFs recorded a combined net outflow of roughly $1,877.5 million over the eight trading days from 2 to 11 November 2026, according to Farside Investors' published daily flow table. Seven of the eight sessions were net outflows. Only 4 November was positive, at +$74.6 million.
The daily figures in Farside's table run: -$398.6 million on 2 November, -$115.6 million on 3 November, -$430.2 million on 5 November, -$411.9 million on 6 November, -$201.0 million on 9 November, -$95.0 million on 10 November and -$299.8 million on 11 November.
BlackRock's IBIT led the selling on every negative day, including -$405.3 million on 2 November and -$269.7 million on 11 November alone. One other fund took in the only inflow on 11 November, at $9.0 million, while every other fund that traded saw redemptions or no flow.
Cumulative net inflows since the January 2024 launch stood at $55,129 million, about $55.1 billion, in the latest update to the same table. The eight-day run hasn't erased the lifetime total.
What's next?
The next daily flow tables will show whether the run extends past 11 November or whether sessions like 4 November become more common.
The Takeaway
The Takeaway: ETF flows track a price exposure, so a single issuer's redemptions can swing the number without any change in how Bitcoin is used.
Most of the selling sat in one fund, IBIT, on every negative day. That concentration suggests the headline total reflects a few large holders' decisions, not a broad shift among Bitcoin users.
For BSV holders and builders, the useful contrast is what these funds measure. They count shares bought and sold, not transactions or data written to a chain. Activity on BSV is visible on the ledger itself, a sturdier gauge of adoption than a fund-flow table.
OCC becomes first federal regulator to finalise GENIUS Act stablecoin rules
The news
The Office of the Comptroller of the Currency issued its final rule implementing the GENIUS Act on 21 October 2026, becoming the first federal banking agency to finalise rules under the act. The rule and the act both take effect on 18 January 2027, eighteen months after the act was signed into law on 18 July 2025.
The rule sets requirements for permitted payment stablecoin issuers and foreign payment stablecoin issuers under OCC jurisdiction, and for certain custody activities of OCC-supervised entities.
It doesn't cover Bank Secrecy Act, anti-money laundering or Office of Foreign Assets Control sanctions requirements. The OCC's release says those will come in a separate rulemaking coordinated with the Department of the Treasury.
Comptroller of the Currency Jonathan V. Gould said: "Today's final rule advances President Trump and Secretary Bessent's vision for American leadership in digital assets." He added: "We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing, redemption and risk management."
What's next?
The date to watch is 18 January 2027, when the rule and the act take effect, along with the separate Treasury-coordinated rulemaking on anti-money laundering and sanctions.
The Takeaway
The Takeaway: A fixed effective date gives payments builders a deadline to design against, even with the anti-money laundering piece still open.
The rule takes effect on 18 January 2027, giving teams planning stablecoin settlement a date and a defined set of reserve and redemption standards. That's the certainty projects have waited for before committing capital.
The gap is the separate rulemaking on Bank Secrecy Act and sanctions duties. Anyone building payment systems on BSV should treat those requirements as pending and keep transaction records complete enough to meet them. A ledger that stores data cheaply and at volume is well suited to that burden.
What to Watch
- Teranode fallback counter - Operators upgrading to v0.16.1-beta-9 after its 12 November release can keep an eye on teranode_aerospike_conflict_wal_fallback_scans to confirm the new index is in use. It shows whether BSV's node software can hold up at mainnet scale.
- ETF flow tables - Farside's daily figures after 11 November will show whether the eight-day outflow run continues, offering a read on how much BSV's market depends on sentiment set elsewhere.
- GENIUS Act start date - The OCC rule takes effect on 18 January 2027. That date sets the timetable for stablecoin payment projects that might settle on BSV.
A node that starts cleanly at mainnet scale is the quiet kind of news that lets everything else get built.