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Hong Kong is actively encouraging qualified global virtual-asset trading platforms to seek licenses as it steps up efforts to strengthen its regulatory framework as a Web3 hub, according to Hong Kong Wen Wei Po. Joseph Chan, acting secretary for financial services and the treasury, said international virtual-asset exchanges can apply for a virtual asset service provider, or VASP, license at any time as long as they meet Hong Kong’s legal requirements and Securities and Futures Commission, or SFC, rules. Chan added the SFC and Invest Hong Kong are in regular contact with leading global exchanges to promote Hong Kong’s regulatory infrastructure and market opportunities. Separately, Chan said the SFC plans to formally submit a revision to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, or AMLO, to the Legislative Council by year-end.

High-throughput smart contract Layer 1 blockchain IOST announced a mandatory upgrade to mainnet v4.10.0. All node operators must complete the upgrade before the network reaches block height 480080000, which is expected at 11:45 p.m. UTC on Nov. 10.

Thailand’s Securities and Exchange Commission has filed a criminal complaint against BG Limited, the operator of crypto exchange Bitget, over allegations of operating without a license, Cointelegraph reported. The regulator said Bitget provided cryptocurrency trading services in Thailand without authorization from 2022 to 2025 and collected trading fees. It added Bitget promoted its services through a Thai-language website and social media. The Thailand SEC also said it asked the country’s Ministry of Digital Economy and Society to block access to Bitget’s website, mobile app and other channels starting Dec. 5.

A liquidity pool tied to BNB Chain-based DeFi protocol TENDRIL suffered a flash-loan exploit, resulting in losses of about $556,000, BlockSec reported. The attacker used a USDT flash loan worth about $30.64 million to distort the liquidity ratio in the TENDRIL/USDT trading pair. Subsequent swaps were then executed at the manipulated price ratio, rapidly draining the pool’s remaining 4.42 million USDT reserve. After immediately repaying the loan, the attacker walked away with a net profit of about $308,960.

Digital asset insurance platform Soter Insure has secured strategic investment from major traditional financial institutions including SC Ventures, a fintech and venture investment arm of Standard Chartered, and Japan’s SBI Group, according to an announcement by Soter Insure on Nov. 5. Existing investor Token Bay Capital also made a follow-on investment. The Series B round was previously led by Galaxy Digital and included participation from Coinbase Ventures, Franklin Templeton and Brevan Howard Digital. The total amount raised was not disclosed.

Solana-based DeFi lending protocol Loopscale said on X it has temporarily halted operations in response to ongoing hacking attempts. Loopscale said its API had faced more than 30,000 malicious requests per day over the past week, prompting the shutdown to prevent losses. The attacks mainly targeted the SOL and USDC Genesis vaults, while assets in those vaults were replenished and no user deposits were lost. The protocol said it will not fully resume normal operations until it finishes assessing the scope of the attack and strengthens security measures, but plans to restore its interface and loan repayment functions soon to reduce forced liquidation risks.

Binance’s XRP reserves rose by about 280 million tokens over two days, climbing from 2.35 billion on Nov. 3 to 2.63 billion on Nov. 5, The Crypto Basic reported, citing CryptoQuant data. The move came after a major hack on Oct. 29. Binance’s net flow of large XRP transfers also reversed, shifting from a net outflow of 226 million on Oct. 29 to a net inflow of 273 million on Nov. 4, according to the report.

Lido said it has added a token swap feature to its user interface, allowing users to directly swap tokens on the Ethereum, Arbitrum and Base networks within the Lido UI. The feature is powered by CoW Swap.

USDT was trading at a premium of more than 13% against Paraguay’s fiat currency on Bybit, according to The Defiant on Nov. 5. The move was seen as reflecting a supply-demand imbalance after the closure of local lender Ueno Bank, which left funds tied up in the traditional financial system and drove local depositors and investors to rush into the dollar-pegged stablecoin to preserve assets.

A wallet linked to Trump Media transferred 4,259 BTC, worth about $342 million, to Crypto.com, CoinDesk reported, citing Arkham data. It was the third BTC transfer this year from a Trump Media-related wallet to Crypto.com. Trump Media had previously said similar transfers were for asset custody management, not a sale.

South Korean exchange Bithumb announced it will temporarily suspend NEAR deposits and withdrawals at 3:00 a.m. UTC on Nov. 6 to support a Near Protocol network upgrade.

Kazakhstan has invested a total of $100 million in cryptocurrency investment funds, including Brevan Howard Digital, the digital-asset investment arm of global hedge fund Brevan Howard, Bloomberg reported.

Binance said it deleted all API keys linked to external platform SignalPlus as an immediate precaution after SignalPlus reported a potential security issue. Binance added its own systems were not affected and user funds remain safe. The exchange advised SignalPlus users to log in directly to their Binance accounts to review positions and open orders. Binance also recommended waiting to reconnect API keys until SignalPlus confirms a full resolution and keeping IP whitelisting enabled at all times.

Strategy is estimated to have raised enough capital through its perpetual preferred stock STRC to buy more than 120 BTC yesterday, according to Bitcoin Treasuries. Bitcoin Treasuries said the fundraising suggests STRC-based financing for Bitcoin purchases has become active again after about 170 days.

Nasdaq-listed TRON bought an additional 155,372 TRX, according to Onchain Lens. The purchase was worth about $49,470 at an average price of $0.3218 per token. Following the buy, TRON’s cumulative TRX holdings exceeded 722.10 million.

JPYC said it has identified phishing emails impersonating the company and directing users to fake websites to steal login information and other data. It added the sender address could be spoofed even if it appears to be a company email address, and urged users not to open links or attachments in suspicious emails.

U.S. financial authorities have begun an urgent review of the banking sector after Binance’s $6.3 billion hack, the largest on record, to prevent crypto-related security risks from spilling into traditional finance. According to Reuters, the Fed and the Office of the Comptroller of the Currency have been contacting major commercial banks since earlier this week to assess any signs of system abnormalities or service disruptions. The move is aimed at preemptively blocking the fallout from a major security breach at a crypto exchange from spreading to banking networks. Large U.S. banks are now conducting detailed internal diagnostics to identify vulnerabilities that could expose them to similar attack methods. At one major bank, the cyber security team has been in direct contact with Binance and is preparing an internal report analyzing the attack vector, with plans to overhaul its security infrastructure based on the findings. Binance also said it has been communicating with regulators in multiple countries in real time.

U.S. Bitcoin mining company Riot Platforms (NASDAQ: RIOT) has signed a $28 billion data center lease agreement with AI company Anthropic, CoinDesk reported. The 15-year deal calls for Riot to provide 910 megawatts of power infrastructure at its Corsicana campus in Texas. Total construction costs are estimated at about $5.5 billion, and Riot may have to reimburse Anthropic for up to $3.6 billion in data center facility costs. Those reimbursements can be deducted from future lease payments, in which case annual interest of 12% would apply. Meanwhile, Riot sold 20,264 BTC for about $1.5 billion from January through September this year to fund its shift into the AI data center business.

Layer-1 blockchain Zilliqa said it plans to transition to an Ethereum layer-2 network for regulated institutions called Zilliqa Institutional Layer. The network is designed to provide settlement and clearing secured by Ethereum, identity verification and regulatory compliance within the network through vLEI, and a permissioned marketplace for transactions between verified institutions. Zilliqa said it will initially focus on institutional users before expanding to retail users and agents. It added the existing ZIL token will remain in place and token holders do not need to take any action at this stage. Before the changes take effect, Zilliqa plans to disclose technical details and post information on token receipt, swaps, and migration first on its official website.

Decentralized exchange Thena said it will change the allocation of trading fees after carrying out the THE token issuance, raising veTHE’s share to 90% from 40% and theNFT’s share to 10% from 0%. Thena said the recent token issuance was necessary to secure resources to accelerate development and growth. It added THE-03 (ARK) was implemented earlier as an alternative to THE-02, and Thena is preparing a plan to compensate veTHE and theNFT holders for trading fees they did not receive during the ARK implementation period.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals of Enjin Coin (ENJ) from 11:00 a.m. UTC on Nov. 9 to support a network upgrade.

The tokenized real-world asset market has reached $54.3 billion, with private credit accounting for $30.1 billion, or about 55.4% of the total, according to Unfolded. By contrast, tokenized U.S. Treasuries stood at $8.8 billion. Unfolded said most private credit assets consist of mortgage-related assets tied to a single lender. Based on that breakdown, Unfolded said recent growth in the on-chain RWA market has been driven by tokenized loan receivables rather than Treasuries or gold.

Former Bitcoin Magazine editor Pete Rizzo said on X Citi increased its Bitcoin investment exposure by more than 1,140%, taking the value of its BTC-related investment assets above $143 million. It was not confirmed whether the figure refers to direct BTC holdings or includes investments in Bitcoin-linked financial products such as spot ETFs.

Amundi has launched a tokenized equity share class on the Ethereum network for its flagship STOXX Europe 600 index-tracking fund, The Block reported. The product was developed in partnership with financial asset custody and administration firm CACEIS. The launch expands Amundi’s tokenization business beyond its previous focus on money market funds and into equity funds. The product issues blockchain-based interests in a fund that tracks the STOXX Europe 600 Index, which is made up of 600 major publicly listed European companies.

BNB Chain-based decentralized exchange PancakeSwap said it introduced The Flip, which allocates 88% of swap fees to liquidity providers, on RobinhoodCrypto Chain on Nov. 5. RobinhoodCrypto Chain is the first network to receive the feature, and the allocation rate is automatically applied to all v3 and Infinity pools on the chain.