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Morpho said Coinbase app users can access Morpho-powered loans backed by tokenized gold. Millions of users can borrow stablecoin liquidity against Paxos tokenized gold on the Base network without leaving the Coinbase app.

Privacy-focused blockchain Horizen said it has shut down its L3 and plans a new start on Base soon. The snapshot has already been completed. ZEN and ETH that remained on Horizen L3 after the shutdown because users missed the migration deadline will be returned to users on Base in November by Horizen DAO, it said.

Layer-1 blockchain Algorand (ALGO) said it will indefinitely suspend its community grant program xGov from Dec. 6 as it focuses on a sustainable, revenue-generating network model. Algorand also said it will indefinitely halt Project King Safety, its roadmap for improving network operations, and is no longer considering previously discussed measures including removing the ALGO supply cap, inflation-based incentives, enabling and capturing maximal extractable value (MEV), and raising the minimum transaction fee. At the same time, it added that usage-based transaction fees could still be introduced or adjusted, such as fees applied to transactions signed by Falcon-1024 post-quantum accounts. Algorand emphasized that its earlier pledge to extend staking rewards through January 2028 remains in place.

Aave Labs has acquired the team and technology of Avon, an on-chain fixed-rate lending company, according to the AAVE lending protocol. Aave Labs is expanding on-chain lending for the broader public, and Aave said the Avon team brings expertise in protocol engineering and market structure.

Blockchain oracle project API3 said staking rewards have officially ended after major Proposal 17 passed. API3 held in wallets carries the same voting power on Snapshot as staked API3, and while unstaking remains optional, keeping tokens staked no longer offers any reward or voting advantage.

According to CoinNess market monitoring, BTC has fallen below $75,000. BTC is trading at $74,970.76 on the Binance USDT market.

Users’ personal information was exposed in a data attack at Gnosis Pay, according to Solid Intel. The leaked data includes home addresses, card details and wallet information. Gnosis Pay said the breach occurred in the B2C business system supporting its branded cards and announced plans to shut down that B2C platform on Dec. 20. It added that no customer funds were lost.

Injective said its CEO rang the Nasdaq opening bell alongside Canary CEO Steven McClurg to mark the launch of INJC, an INJ staking exchange-traded fund.

ZEC has risen by 3.26% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,362.32.

A final U.S. Labor Department rule that would open the door to adding Bitcoin, other digital assets, private equity and real estate as investment options in 401(k) plans has entered White House review, Bloomberg Law reported today. According to Bloomberg Law, the U.S. Department of Labor formally submitted its final "Safe Harbor" rule on fiduciary liability to the Office of Information and Regulatory Affairs, or OIRA. The measure would reduce trustees' litigation risk when adding alternative assets to retirement plans. OIRA review is typically the final stage of the rulemaking process and signals publication in the Federal Register could be near within weeks. Under the rule, legal protection would be available if pension managers, or fiduciaries, meet six requirements tied to performance, fees, liquidity, valuation, benchmarks and complexity. The change is expected to significantly lower lawsuit risk tied to adding alternative assets, broadening flexibility for retirement plan providers that had previously avoided crypto and private-market assets under the Labor Department's conservative guidance.

Solana co-founder Anatoly Yakovenko said on X, "Democrats are going to direct all the rage at crypto because no one actually wants to stop building more data centers. Get ready to be the sacrificial lamb."

The U.S. Treasury Department and the Federal Reserve announced they will withdraw a 2020 proposal to lower the recordkeeping and information-sharing threshold for cross-border fund transfers to $250 from $3,000, The Defiant reported. The proposal would have required banks and nonbank financial institutions to collect, retain and transmit information on small transfers originating outside the United States or sent abroad, according to The Defiant. With the withdrawal, the existing $3,000 travel rule threshold will remain in place.

Bitcoin hardware wallet maker Foundation disclosed details of a system breach that exposed customer information after hackers exploited vulnerabilities in its self-hosted Cal.com booking system and Bank-Vaults to steal credentials and access customer data and the company’s email system. The attack began on Oct. 21, and the hackers tried to send more than 23,000 phishing emails through Foundation’s official email address on Oct. 25, targeting 21,463 email addresses. The exposed data included customer names, addresses, phone numbers, order histories and partial payment card information. The hackers later used the stolen customer data in phone scams seeking victims’ Bitcoin seed recovery phrases. Foundation said employee accounts and devices were not compromised and assets stored in its Passport hardware wallet remain safe. The company added it plans to reduce its use of self-hosted servers and shift to externally managed services.

Binance co-founder Yi He said on X that a zero-knowledge proof for Binance’s proof of reserves is ready, adding that users can verify whether their account balances are backed one-to-one by assets. Yi He also said there may be a time lag between completion of the zero-knowledge proof and user verification, depending on the size of the assets.

An anonymous whale that had been inactive for more than a year bought 3,009 BTC worth about $228 million, according to Lookonchain.

Real Vision crypto market analyst Jamie Coutts said Bitcoin has key support at $75,000 and resistance at $87,000, according to a post on X. Coutts said there is a price gap below $75,000 extending to the mid-$60,000 range, and a move into that zone would turn major trend indicators lower. He added that a breakout above $87,000 would confirm an August trend reversal in technical indicators and on-chain data.

The U.S. Bureau of Labor Statistics said U.S. nonfarm payrolls increased by 165,000 in October, well above market forecasts for a gain of 65,000. The unemployment rate came in at 4.1%, below expectations of 4.2%. The nonfarm payrolls report, published by the U.S. Department of Labor, is an official gauge of employment trends across both the private and public sectors and is among the data points the Federal Reserve considers when making interest-rate decisions. Stronger employment data, including higher job growth and lower unemployment, can support consideration of a rate hike or a hold to prevent overheating, while weaker data can support consideration of a rate cut to bolster the economy.

Strive said in a filing with the U.S. SEC that it bought a total of 8,136 BTC in the third quarter at an average price of $78,885. As of Sept. 30, the company held 28,000 BTC with a fair value of $2.34 billion. Strive posted third-quarter revenue of $2.696 million and net income of $509 million, with most of the profit recorded as unrealized gains from cryptocurrency revaluation. The company also bought an additional 15,124 BTC from Oct. 1 to Oct. 30 at an average price of $83,310, and as of Oct. 30 held 43,124 BTC and $490 million in cash and cash equivalents.

Solana-based liquid staking protocol Sanctum has introduced a two-of-three multisig security system for all wallets in its mobile app, Crypto Briefing reported. The setup requires approval from at least two of three keys to execute a transaction. The keys consist of a biometric device key, a cloud key stored on iCloud or Google Drive, and a recovery key linked to an email account. The feature uses multisig infrastructure from Squads, which protects more than $15 billion in assets across the Solana ecosystem. Sanctum has expanded a security model previously used mainly by DAOs and project teams to individual users.

Crypto-focused hedge fund Room40 Capital plans to return all outside investor capital and revamp its investment strategy, Bloomberg reported. The firm will manage only its own capital and funds from a single institutional partner going forward, while broadening its existing crypto-focused strategy into macro trading. In a letter to investors, Room40 Capital CEO Paul Yablon pointed to last month’s $6.3 billion Binance asset theft as an example of the crypto industry’s security problems. Room40 Capital said it had no exposure to Binance. Yablon also said investment opportunities in the crypto market offering high returns relative to risk have fallen sharply over the past year.

Whale Alert reported that 247,000,000 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $247 million.

Bitcoin has remained relatively resilient even as U.S. technology stocks weaken, Bloomberg reported. Axel Rudolph, senior technical analyst at IG, said selling in tech stocks has spread amid doubts over the profitability of AI investments and concerns about tighter data center regulation, while BTC is holding its current range on buying demand. Rudolph added it is worth watching whether BTC is starting to decouple from tech stocks. Samuel Lane, co-head of crypto trading at Marex, said selling pressure is easing, but the recent rebound looks more like a temporary relief rally. Lane added BTC needs to reclaim $77,000 to secure upward momentum and could retest $75,000 if the stock-market decline continues.

Russia’s central bank has allowed non-qualified investors, or retail investors, to invest in BTC, ETH and USDT, TASS reported. Detailed trading conditions and investment limits were not disclosed.

High-performance smart-contract layer-1 blockchain Vara Network said governance proposal No. 90, which calls for the creation of a community treasury, has been approved. Users with ideas that could benefit the network will soon be able to request funding through treasury spending proposals.

Nasdaq-listed Solana Company plans to expand in Hong Kong as demand for tokenized assets rises there, SCMP reported. The company, which focuses on buying and holding SOL, was designated a strategic enterprise by the Hong Kong government last month. It plans to make Hong Kong its new Asia-Pacific headquarters and explore digital asset infrastructure and service opportunities with local financial institutions.