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JAN3 CEO Samson Mow said he will maintain a long-term bullish view on Bitcoin as long as fiat money supply continues to expand, according to Crypto Briefing. Mow said he would turn bearish on Bitcoin the day fiat currency issuance stops, adding that recent price corrections have not changed his long-term bullish outlook based on Bitcoin’s supply scarcity. According to Federal Reserve Economic Data (FRED), U.S. M2 stood at $23.414 trillion in September, up 5.7% from a year earlier. By contrast, Bitcoin’s total supply is capped at around 21 million BTC, with new issuance designed to decline over time through halvings.

Deutsche Bank, Germany’s largest bank, has officially launched a digital-asset custody service for paying clients, Reuters reported. The service supports the storage and management of digital assets including Bitcoin and Ethereum for institutional and corporate clients in Europe. Deutsche Bank plans over the medium to long term to build a regulated ecosystem integrating digital-asset custody, tokenization, and payments, and to expand the service into Asia.

Stablecoin protocol Lista DAO announced support for two Centrifuge real-world asset vaults will end on Dec. 11. New deposits have already been suspended, while all funds remain safe and fully redeemable, according to the announcement. Users were advised to repay positions on the vault page and collect principal and interest before Dec. 11.

Binance’s estimated leverage ratio for XRP has fallen to around 0.14, the lowest level in the past three months, according to CryptoQuant contributor Arab Chain. The estimated leverage ratio measures the degree of leverage used in the derivatives market relative to exchange reserves. A lower reading indicates traders are reducing the size of positions funded by borrowed money relative to available reserves. Arab Chain said this may be linked to liquidations of existing leveraged positions, broader risk aversion amid downward pressure on XRP prices, and weakening demand for leverage. The decline in the leverage ratio may be interpreted as a positive sign for derivatives-market stability, as it could reduce the risk of large-scale forced liquidations caused by excessive leverage and ease the market’s sensitivity to sharp price swings.

Bitcoin Runes trading platform radFi will shut down its services, The Block reported. Trading and liquidity withdrawals are scheduled to stop on Jan. 11, while the application will close on Feb. 11. After that, Node Strategy plans to operate a separate website to support Runes and BTC withdrawals.

South Korea’s Deputy Prime Minister and Finance Minister Lee Hyoung-il expressed regret over the renewed delay to virtual asset taxation, saying he felt a heavy sense of responsibility over granting another two-year postponement after three previous deferrals, according to Money Today. Lee made the remarks during a full session of the National Assembly’s finance and economy committee in Seoul on Nov. 11 in response to a question from People Power Party lawmaker Bae Jun-young. Bae said the issue would be handled by a subcommittee, but argued the deputy prime minister should at least formally express regret over why the virtual asset tax had been delayed and left adrift, causing confusion among the public. Democratic Party lawmaker Cho Seung-rae urged Lee to work to sufficiently address shortcomings during the grace period and said the standing committee should engage in intensive debate on any institutional issues that need to be supplemented so a more substantive bill can be produced.

AguilaTrades, a well-known whale trader on Hyperliquid who has lost more than $38 million through a series of forced liquidations, posted a 33% win rate across 18 BTC trades over the past week and locked in a total loss of $547,000, BlockBeats reported, citing TradingBits data. AguilaTrades currently holds a 40x leveraged long position worth 340 BTC ($25.16 million), with a liquidation price of $73,009. Since June last year, AguilaTrades has recorded cumulative losses of $38.2 million on Hyperliquid through repeated leveraged trades.

A South Korean National Assembly tax subcommittee has raised concerns that allowing tax loss carryforwards for virtual asset, or digital asset, investments could reinforce speculative trading, Digital Asset reported. According to the National Assembly’s 2026 regular session review materials from the tax subcommittee of the Public Finance and Economic Planning Committee, the committee said permitting digital asset loss carryforwards could produce the effect of strengthening the market’s speculative nature. The committee said past approval of carryforward deductions under the former financial investment income tax was rooted in a policy goal of expanding incentives to invest in risky assets and fostering venture capital. By contrast, it said the digital asset market, unlike South Korea’s domestic stock market, does not warrant policy support. It also assessed that arguments for allowing carryforwards for digital assets on fairness grounds with that tax system lack sufficient basis, given that the financial investment income tax has been scrapped. The committee also raised concerns about tax fairness with other investment assets.

Binance announced the listing of HYPEUSDC perpetual futures at 9:30 a.m. UTC on Nov. 11 and TRXUSDC perpetual futures at 9:35 a.m. UTC the same day.

U.S. spot Ethereum ETFs posted a net outflow of $1.32 million on Nov. 10, according to SoSoValue. The net outflow streak extended to four straight trading days.

U.S. spot Bitcoin ETFs recorded $95 million in net outflows on Nov. 10, extending their streak of net outflows to four trading sessions, according to SoSoValue. - BlackRock IBIT: -$78.24 million - Fidelity FBTC: -$36.79 million

Missouri’s attorney general has sued prediction market platform Novig, alleging violations of federal gambling laws, while Polymarket’s U.S. entity filed a separate lawsuit the same day to block Missouri’s regulatory action, Bitcoin.com reported. Missouri prosecutors also alleged Novig violated the state’s merchandise practices law and are seeking refunds and civil penalties of up to $1,000 per violation. Novig registered in June as a designated contract market with the U.S. CFTC. In response, Novig argued jurisdiction over event contracts regulated under the Commodity Exchange Act rests with the CFTC and that state authorities cannot apply gambling laws to those contracts. Polymarket’s U.S. entity separately argued Missouri’s licensing system discriminates against out-of-state operators. Polymarket said licenses are centered on in-state casinos and sports teams, and argued rules requiring betting-processing servers to be located in the state and allowing transactions only for state residents are designed to protect incumbent operators. In September, Missouri sent cease-and-desist letters to six operators: Polymarket, Kalshi, Novig, Crypto.com, Underdog, and Robinhood.

Across suffered a DNS hijacking attack at around 6:45 p.m. UTC on Nov. 10, according to Web3 security data infrastructure GoPlus (GPS). The attacker used a social engineering attack targeting Namecheap to gain control of the Across domain and replace the official website with a phishing site. Total user losses are estimated at $350,000, with funds stolen from user wallets on Ethereum, Arbitrum, Base, BNB Chain, Ink, and Plasma. Across announced it had regained control of the domain and restored its system, and said it plans to compensate affected users and release a detailed post-incident analysis report.

Former Ripple CTO David Schwartz sold most of the cryptocurrency he once held because of his low tolerance for risk, Cointelegraph reported. His holdings fell from about 26 million XRP, 1,500 BTC and 40,000 ETH to roughly three million XRP, one BTC and six ETH.

HTX chief analyst Cloud said Bitcoin fell to around $73,000 after the latest U.S. inflation data, but argued near-term room for additional downside appears limited as a significant share of leveraged positions has already been liquidated. Cloud said the likelihood of a 50-basis-point Federal Reserve rate hike in December is low, with a 25-basis-point increase as the base-case scenario. The recent market decline reflects a repricing of hotter-than-expected inflation data rather than a sharp shift in the monetary policy path, Cloud said. Still, Cloud stressed oversold conditions do not necessarily signal an immediate rebound, adding the case for a market recovery could strengthen if slowing CPI is confirmed over the next two months.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $206.66 million liquidated (86.37% longs) - ETH: $260.91 million liquidated (74.14% longs) - ZEC: $32.88 million liquidated (87.74% longs)

Pro-crypto U.S. Rep. Tom Emmer has been elected House Republican whip, Cointelegraph reported. With Democrats set to take control of the House majority in January after winning the midterm elections, Emmer will retain the GOP’s No. 2 leadership position. Cointelegraph said Emmer is one of the cryptocurrency industry’s key supporters, noting that Emmer and Rep. Ritchie Torres launched the bipartisan Congressional Crypto Caucus last year. Emmer is also a co-sponsor of the CLARITY Act, a crypto market structure bill.

Bitcoin whales have been reducing their BTC holdings during the recent pullback, crypto analyst Ali Martinez said, citing Glassnode data. Over the past week, as BTC fell from $79,000 to under $73,000, holdings in whale addresses dropped by more than 34,000 BTC, worth about $2.6 billion, Martinez said.

Five addresses withdrew 3.1 million UNI worth $20.78 million from Coinbase over the past seven hours at an average price of $6.7, according to ai_9684xtpa. The addresses have since moved the UNI to other wallets or sold the tokens.

South Korean exchange Upbit announced on its official website that it will temporarily suspend FLR withdrawals starting at 2:00 p.m. UTC today due to a Flare network upgrade.

Telegram CEO Pavel Durov said GRAM, formerly TON, remains undervalued, The Block reported. Durov said BTC and ETH fell 2.4% and 4%, respectively, over the past 24 hours, while GRAM rose 8%, adding this was not surprising because GRAM is the only coin integrated into a real social ecosystem and should rank among the top three cryptocurrencies by market capitalization on CoinMarketCap. According to CoinMarketCap, GRAM was recently trading at $1.12, up 5.68%.

Suiball, a SUI-based hardware wallet project, will shut down and refund preorder customers in USDC, according to its official X account. Explaining the closure, Suiball said a series of recent security incidents in the crypto hardware wallet industry led the Sui Foundation to conclude the risks tied to supporting a hardware wallet project were excessive. Suiball added that, after years of development and progress through product manufacturing, it ultimately decided to end the project.

Concrete said it is partnering with Fypher and ether.fi to provide institutional vault infrastructure for fyUSD, a new stablecoin designed for institutional users in Asia. The launch plan includes an initial $10 million issuance of fyUSD to be deployed into Concrete’s fyUSD-based vaults.

Bithumb announced it will temporarily suspend deposits and withdrawals of Injective (INJ) at 9:00 a.m. UTC on Nov. 11 to support a network upgrade.

A hacker who stole more than $26 million in crypto from investor TLBL three months ago bought 1,650 ETH worth $3.4 million over the past hour, according to Lookonchain. TLBL lost assets held in two wallets in the earlier theft after a private key was compromised. The investor had also been targeted in a phishing attack three years earlier, losing 9,579 stETH worth $15.54 million and 4,851 rETH worth $8.51 million.