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South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for Cobak Token (CBK) at 2:00 a.m. UTC on Nov. 17 to support the token’s swap and migration.

Bitcoin has entered an extremely undervalued zone, according to an analysis by on-chain analyst Darkfost. Darkfost said that while investors had largely remained in profit until just a few weeks ago, the recent downtrend has sharply changed market sentiment. Based on a long-term valuation model, Bitcoin has now moved into a deeply undervalued range, with similar readings seen during only about 3.4% of its history. Darkfost added that periods of extreme market fear can present buying opportunities for long-term investors, while stressing the indicator does not signal that Bitcoin has bottomed or that a short-term rebound is imminent.

An anonymous whale address starting with 0xBE4 that bought 38,800 ETH during Ethereum’s 2015 ICO sold 16,700 ETH worth $32.3 million, according to ai_9684xtpa. The source said the address had bought 8,630.71 ETH on Sept. 21 at an average price of $2,742.41, while the average sale price in the latest transaction was $1,934.63. The sale implies a loss of about $6.97 million on that portion, although the whale’s average ICO purchase price was $0.31, meaning overall gains were only slightly reduced.

South Korean exchanges Upbit, Bithumb and Coinone announced they will delist MANTRA at 6:00 a.m. UTC on Dec. 14.

According to CoinNess market monitoring, BTC has risen above $69,000. BTC is trading at $69,024.99 on the Binance USDT market.

An Ethereum Foundation-linked address starting with 0x5CBC6 sold an additional 2,000 ETH worth $3.868 million, according to ai_9684xtpa. The Ethereum Foundation is estimated to have sold a cumulative 6,785 ETH worth $14.45 million since Oct. 26 and now holds 21,247 ETH worth $41.1 million.

Japan-listed Bitcoin treasury firm Metaplanet disclosed a net loss of 27.157 billion yen ($172.54 million) from January through September this year, affected by BTC losses. Over the same period, it posted cumulative revenue of 5.895 billion yen ($37.45 million) and operating profit of 3.476 billion yen ($22.08 million). During the third quarter, Metaplanet sold 10,000 BTC to demonstrate liquidity, raising 124.7 billion yen ($792.25 million) in cash, and then repurchased 11,000 BTC, increasing its holdings. As of the end of September, the company held 44,000 BTC and plans to complete its acquisition of Nasdaq-listed Super League Enterprise (SLE) in the fourth quarter.

An anonymous whale bought an additional $19.91 million worth of ETH, according to ai_9684xtpa. Since Sept. 21, the whale has withdrawn a total of 25,498.47 ETH, worth about $60.74 million, from Binance. The position is now showing an unrealized loss of $11.34 million, erasing more than $3.66 million in gains previously made from buying near local lows.

U.S.-listed Bitcoin-buying company Nakamoto (NAKA) has pushed the repayment schedule on a 165 million USDT loan from Kraken into next year, according to CoinDesk. In a recent filing, Nakamoto said the maturity on 60 million USDT due on Dec. 4 was extended to Dec. 4 next year, while the remaining 105 million USDT kept its June 30 maturity next year. As a result, the company no longer has any scheduled repayments this year. CoinDesk said Nakamoto has a market capitalization of about $104 million, smaller than its debt load. With BTC falling below $69,000, the value of 3,030 BTC posted as collateral has shrunk to about 126% of the loan amount, although the extension eases the company’s repayment burden for this year.

Injective has begun a governance vote on the Veyra upgrade aimed at introducing cross-chain trading infrastructure, The Defiant reported. The upgrade targets implementation on Nov. 24 and is centered on strengthening cross-chain asset transfers and trading functions.

Privacy coin Dash announced the launch of Dash Platform 5.0, introducing shield tokens and a one-time airdrop function for each identity. It also cut the username fee to 0.1 DASH, half the previous level, and said there were no failed transactions during the rollout.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 47.81% long, 52.19% short - Binance: 46.27% long, 53.73% short - OKX: 45.98% long, 54.02% short - Bybit: 45.45% long, 54.55% short

A South Korean court has found a money launderer guilty of violating the Virtual Asset User Protection Act in a roughly 500 million won investment fraud case involving a non-existent cryptocurrency, sentencing the defendant to two years and six months in prison, Digital Asset reported. According to the outlet, this is the first confirmed guilty verdict under the act in a case that was not referred to investigative authorities by financial regulators as an unfair trading matter. The ruling said the court determined the violation of the Virtual Asset User Protection Act was the most serious among the defendant’s offenses in both sentencing range and criminal nature, and applied an aggravated punishment for concurrent crimes based on that count.

A CoinNess analysis shows the so-called kimchi premium, in which Bitcoin trades at a higher price in South Korea’s won-denominated market than in the global dollar market, has deepened. According to KIMPGA, as of 6:00 a.m. UTC on Nov. 13, BTC was trading at 92.8 million won on Upbit’s KRW trading pair, down 3.92% from yesterday, while the global price based on Binance and converted at the won-dollar exchange rate stood at 90,955,159 won. That put the kimchi premium at around 2%.

Major exchanges have seen $210 million worth of futures liquidated in the past hour. In the past 24 hours, $1,621 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,662 on the Binance USDT market.

Bitcoin fell below $70,000 amid macroeconomic concerns including inflation and rising interest rates, Bloomberg reported. The outlet said expectations for additional U.S. Federal Reserve rate hikes and concerns about tougher crypto regulation next year, with Republicans controlling Congress, directly weighed on the market. Rich Rosenblum, co-founder of crypto market maker GSR, said volatility in AI-related stocks, a stronger dollar and management changes at Nvidia pressured risk assets. Sean McNulty, a derivatives trader at market-making firm AQC Tech, said more than $1 billion in leveraged long positions was forcibly liquidated immediately after BTC broke below $70,000, intensifying selling pressure.

Thailand has introduced WORPT, an app that lets foreign tourists convert cryptocurrency into baht and pay by scanning barcodes without opening a local bank account, Bloomberg reported. The app operates under TouristDigiPay, a regulatory pilot run by Thailand’s SEC, and WORPT expects to generate 15 billion baht ($440 million) in spending during the 18-month trial.

ALT5 Sigma, a company tied to the Trump family’s crypto project World Liberty Financial, staked 104.23 million WLFI worth about $4.91 million around five hours ago, according to Arkham.

South Korean exchange Upbit announced an airdrop of Katana (KAT) for users who staked Polygon Ecosystem Token (POL). The snapshot period runs from May 1 last year through March 3 this year, and distribution is scheduled for 8:00 a.m. UTC today. Upbit said users who newly join POL staking now will not be eligible for this KAT airdrop.

South Korean exchange Bithumb announced the addition of NeoSoul (DNA).

An anonymous whale wallet beginning with 0xB08 bought $4.3 million worth of altcoins including SHIB, POL, EIGEN, VIRTUAL, PEPE and UNI on Binance amid a broader crypto market decline, according to Arkham. The purchases included $1.04 million of VIRTUAL, $1.02 million of PEPE and $900,000 of UNI.

Layer-1 blockchain Kaia said it will move Public Delegation staking positions to a new staking contract as it transitions to a permissionless network. Withdrawal requests will be available from Nov. 17 through the "Staking → Migration" menu on Kaia Portal. Users will be able to withdraw from Nov. 26 and then stake again with the same GC as before. Existing staking positions will not be migrated automatically.

ZetaChain plans to burn about 55 million ZETA tokens that had originally been earmarked for validator rewards instead of distributing them, The Data Nerd reported. The burn is set to proceed at roughly 4.6 million tokens per month through 2027, and all burn records will be available for real-time tracking on the ZETA dashboard. ZetaChain also stressed that no additional ZETA will be issued on the Solana network. Vesting for tokens allocated to the team and early investors is also scheduled to end on Jan. 1, 2027.

Major exchanges have seen $550 million worth of futures liquidated in the past hour. In the past 24 hours, $1,349 million worth of futures have been liquidated.