Live Feed

NEAR Protocol said House of Stake, NEAR’s decentralized on-chain governance body, has approved a proposal to lower the network’s maximum annual issuance rate to 1.6% from 2.5%. House of Stake’s security council will review the vote ahead of ratification, after which a roughly 90-day grace period will follow. The change will become binding once validators adopt it through a protocol upgrade. Under the published schedule, the issuance rate is then set to decline gradually each epoch, reaching 1.6% in 24 months.

New Jersey has withdrawn its staking-related lawsuit against Coinbase, lifting an order that had barred the service, Coinbase’s legal team said. As a result, staking for Coinbase users in New Jersey, which had been suspended since June 2023, is expected to resume soon. Similar cases were previously dismissed in Illinois, Kentucky, South Carolina, Vermont and Alabama, while restrictions remain in effect in California, Maryland, Washington and Wisconsin.

Whale Alert reported that 270,000,000 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $270 million.

Super League (SLE), Metaplanet’s U.S. Bitcoin asset management subsidiary, bought an additional eight BTC, bringing its total holdings to 15 BTC, according to BitcoinTreasuries.

Ondo Finance said it has opened subscriptions for OpenAI Private Market Notes, or OPAIPon, for eligible Private Client customers outside the U.S. The notes are a tokenized product offering exposure to OpenAI’s pre-IPO economic performance. Subscriptions will close on Nov. 17, and participation requires enrollment in Ondo Finance’s Private Client program.

Liquid staking protocol Rocket Pool (RPL) has urged all node operators to update to the latest Smart Node version, v1.25.1. Rocket Pool said nodes using Lighthouse or Lodestar on mainnet, as well as all nodes on the Hoodi testnet, should be prioritized for the update.

A Solana-based arbitrage bot known as King was stripped of about $786,000 in assets, Onchain Lens reported. King, which had posted cumulative profit and loss of $7.2 million, is said to have lost 4,260 WSOL, 191 SOL and about $366,000 worth of stablecoins in the hack.

Bitcoin has not yet priced in the possibility of a Democratic victory in the U.S. midterm elections, Russell Thompson, chief investment officer at digital asset investment firm Hilbert Group, said, according to Crypto Briefing. Thompson said political uncertainty could add further pressure to an already weakened market, while also citing the fallout from the Binance hack and the U.S. military buildup in the Middle East as key uncertainties beyond the election.

Bitcoin has shown relative resilience despite a major Binance hack and a sell-off in technology stocks, Seamus Rocca, CEO of Gibraltar-based fintech firm Xapo Bank, said, according to Crypto Briefing. Rocca said Bitcoin has historically shown a high correlation with the Nasdaq, but recently held key support levels despite a $6.3 billion hack and weakness in tech stocks, suggesting it may be starting to trade differently from traditional risk assets. Rocca added that the move does not prove Bitcoin’s role as an inflation hedge.

Major exchanges have seen $103 million worth of futures liquidated in the past hour. In the past 24 hours, $314 million worth of futures have been liquidated.

Elastos (ELA), a layer-1 blockchain focused on the decentralized internet, has unveiled ElastOS V2, rebuilt from the ground up for the Elastos World Computer. The new Rust runtime integrates identity, local AI, storage, communication and blockchain access into a single system, with users designed to control permissions directly.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,986.82 on the Binance USDT market.

Gravity said it completed settlement of the fast withdrawal bridge for G tokens operated on the Alpha mainnet and shut down the service. The bridge supported rapid transfers of G tokens to other networks. During its operation, around 897.31 million G tokens were deposited and the same amount was withdrawn, while token issuance and burn volumes were also confirmed to be identical. Gravity said there were no unsettled withdrawal requests or unpaid principal remaining.

The supply of stock tokens issued on blockchains has reached a record $3.8 billion, up 590% this year, according to Solid Intel. Separately, decentralized exchange Jupiter said 70% of tokenized asset trading is taking place outside regular stock market hours.

Tether said it froze more than $1.5 billion in funds tied to the Binance hack. The USDT issuer said the move was intended to prevent North Korean actors identified as being behind the hack from accessing or moving the funds.

Binance founder Changpeng Zhao, also known as CZ, said Binance covered losses from a recent hack worth more than $6 billion using only funds on its own balance sheet. Zhao said Binance did not borrow funds, sell holdings, or raise capital externally, adding that while some people keep comparing the incident with other cases, there is a clear difference.

Decentralized trading infrastructure protocol 0x (ZRX) said Lightning is now available to all integrated developers, adding that swap speeds on EVM chains are now more than twice as fast as before.

Solana treasury company DeFi Development bought an additional 5,336 SOL, bringing its total holdings to 2.6 million SOL, according to BitcoinTreasuries. CEO Joseph Onorati said tokenization will be a long-term growth driver for SOL and the company is buying SOL accordingly.

Brazilian cryptocurrency exchange Mercado Bitcoin said it plans to absorb about $40 million in losses from a recent hack and expects customers will not suffer any losses. The exchange said the attack targeted a hot wallet and was quickly contained. Mercado Bitcoin is investigating the incident, tracking the stolen assets and cooperating with relevant authorities.

Binance expanded incentives for market makers to boost trading activity on the platform after suffering losses from a $6.3 billion hack, Bloomberg reported, citing industry sources. According to the report, Binance proposed raising rebate rates for smaller trading firms in its spot and futures markets shortly after the hack last week. The exchange mainly classifies market makers into several tiers based on the amount of liquidity they provide, with firms holding a larger share of trading volume placed in higher tiers and generally receiving higher rebates to reduce trading costs. During a one-week promotional period, Binance applied the same rebate rate given to its top tier, Level four, to so-called Tier two and Tier three market makers, Bloomberg reported.

Onchain Lens said it tracked a total of $46.5 million worth of cryptocurrencies across 46 addresses believed to be linked to the hack of Brazilian cryptocurrency exchange Mercado Bitcoin. The addresses were found to hold 3,680 ETH, 106 BTC and around $8 million worth of stablecoins. Mercado Bitcoin had earlier acknowledged the security incident, while saying customer funds and data were not affected.

Whale Alert reported that 3,000 BTC has been transferred from Binance to an unknown wallet. The transaction is valued at about $233 million.

NYSE is partnering with Broadridge Financial Solutions to add blockchain-based shareholder voting to its planned tokenized securities trading platform, CoinDesk reported. Broadridge is set to provide services including shareholder registry management, ownership verification and voting for stock tokens. Investors would be able to vote on shareholder meeting agenda items through digital wallets or brokerage platforms. NYSE is building the platform to support blockchain-based stock trading while preserving existing shareholder rights, and it is also pursuing 24-hour trading.

Ethereum layer-two network Lisk said it has officially ended operations of the legacy Lisk chain. The Lisk portal and bridge have been closed, and the remaining network components will be shut down in phases. Lisk plans to shift its business toward an enterprise financial platform supporting both fiat currencies and stablecoins. The existing LSK token will continue to be used as Lisk’s loyalty token on the Ethereum network, and Lisk also plans to burn about 5.23 million unallocated LSK remaining in its staking rewards pool to reduce total supply.

Whale Alert reported that 240,000,005 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $240 million.