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Thailand’s SEC has proposed capping stablecoin deposits and withdrawals through crypto businesses at 5 million baht per customer per day, or about $148,000, Cointelegraph reported. The limit would apply separately to deposits and withdrawals at each operator. The proposal also includes a ban on stablecoin deposits and withdrawals via third-party wallets and would require operators to verify whether a wallet belongs to a customer. In addition, Thailand’s SEC plans to mandate Travel Rule compliance by crypto businesses, require the identification of suspicious wallets through blockchain analysis, and compel exchanges to disclose information on market makers.

Hedge funds have largely unwound Bitcoin basis trades, reducing leveraged funds’ net short position on the Chicago Mercantile Exchange to 12,955 BTC as of Nov. 3, according to Unfolded. Unfolded added that hedged spot-futures arbitrage demand, which had inflated the scale of spot ETF inflows, has now been mostly absorbed. As a result, future ETF flows are more likely to reflect pure directional investment demand. With the structural buying pressure that had cushioned down markets now reduced, spot ETF inflows are being tested as a gauge of genuine buying demand.

LD Capital founder Jack Yi said on X that uncertainty in the cryptocurrency market is increasing and advised investors to avoid leveraged trading. Yi said Binance-related negative developments and a U.S. Democratic Party election victory had a significant impact on AI-related U.S. stocks and the crypto market. He added that investors should not rush to buy the dip during the current decline and should take into account not only macroeconomic risks but also the safety of exchange-held assets. With risks across financial markets rising, Yi said investors should avoid leverage and wait until market conditions become clearer.

A wallet believed to be linked to blockchain investment firm Hashed deposited 18.9 million ENA worth $2.7 million into Binance six hours ago, Nansen reported on its official X account. Nansen added that two other wallets believed to be tied to institutions deposited ENA worth $18 million into exchanges over the past three days. Exchange deposits are typically interpreted as intended for selling.

Spot Ethereum ETFs have seen larger net outflows than spot Bitcoin ETFs, with total net outflows reaching $2.35 billion over seven straight weeks since late September. Unfolded added that net outflows from spot ETH ETFs were three times larger than those from spot BTC ETFs, while major players were holding BTC and quietly cutting ETH exposure.

BNY plans to offer cryptocurrency staking services for institutional clients in partnership with staking infrastructure provider Figment, The Block reported. The custody bank plans to integrate Figment’s validator infrastructure into its existing digital asset custody platform, allowing asset managers, ETF issuers, corporations and wealth management firms to stake held assets and earn rewards. The service will initially support ETH, with plans to expand to SOL later. No specific launch timeline was disclosed.

Major exchanges have seen $216 million worth of futures liquidated in the past hour. In the past 24 hours, $514 million worth of futures have been liquidated.

TG Commodities, the issuer of Tether’s gold-backed stablecoin Tether Gold (XAUT), announced it completed an audit of last year’s financial statements by KPMG and received an unqualified opinion. KPMG also directly inspected all 520,089.35 troy ounces of physical gold held in Swiss vaults, worth $2.246 billion, confirming they fully back the 520,089.3 XAUT in circulation. Tether received its first financial audit from KPMG in August.

Ethereum fell below $2,000 on Binance’s USDT spot trading pair for the first time in 85 days. It last traded under that level on Aug. 19, and was recently changing hands at $1,992.29, down 3.11%.

DTCC plans to connect its tokenization service to Solana in the second half of 2027, allowing eligible assets held in custody by DTC to be tokenized on the Solana network, according to Solana. The planned integration is part of DTCC’s multichain strategy.

Celo said MiniPay users in the European Union and the U.S. can now buy dollar stablecoins through Stripe’s Link. Users can purchase stablecoins with one click through a checkout product used by more than 300 million people. The purchased stablecoins can be stored, spent, and sent on Celo, and can also be used to pay transaction fees.

U.S. President Donald Trump said in a post today there is no longer any need for an agreement with Iran, adding that the U.S. is holding hundreds of billions of dollars in Iranian funds and controls Iran’s strait. Trump also said he had instructed Vice President JD Vance to focus all efforts on what Trump described as large-scale corruption and crime in Democratic-led cities and states across the U.S. He argued that Democratic-led states including Minnesota, California and Illinois are poorly run and rife with corruption, calling them disastrous and claiming that billions of dollars are being stolen every month. Trump added that quickly achieving a balanced budget would be possible if only such large-scale crime were addressed, and he asserted that corruption is deeply rooted in Democratic leadership.

U.S.-listed blockchain lender Figure Technology (FIGR) posted third-quarter revenue of $287 million and net income of $89 million, The Block reported. Loan marketplace volume rose 135% to $5.8 billion, including $677 million generated by real estate lender Kiavi, which Figure acquired in September.

Decentralized blind computing platform Nilion urged users holding NIL or ETH on Nilion L2 to bridge those assets to Ethereum L1. Nilion said it is continuing development on Ethereum L1 while Nilion L2 is being transitioned into a legacy network.

Only 31 cryptocurrencies posted bigger gains than BTC over the past three months, according to CryptoRank. BTC rose 16.6% over the period. The top four tokens that outperformed Bitcoin were BTW at +219%, QNT at +184%, NIGHT at +171% and RAY at +151%.

U.S.-listed Ethereum treasury company BTCS said in a filing with the U.S. SEC that it posted net income of $54.53 million in the third quarter of this year. As of Sept. 30, the company held 49,571 ETH worth $133.10 million and recorded $58.35 million in unrealized gains on crypto assets. That was down about 30% from 70,787 ETH at the end of last year. Of its ETH holdings, 2,880 ETH was staked, while 46,607 ETH was deposited in DeFi protocols including AAVE.

Crypto custody firm BitGo (BTGO), a U.S.-listed company, announced the launch of USDC minting and redemption services for clients of its subsidiary regulated by the U.S. Office of the Comptroller of the Currency. According to The Block, eligible clients of BitGo Bank & Trust can request USDC minting and redemption through their BitGo accounts without opening a Circle (CRCL) account. The service supports nine networks: Ethereum, Solana, Base, Arbitrum, Polygon, Avalanche, HyperEVM, Monad, and Aptos.

Tighter European Union regulation of DeFi could ultimately weaken investor protection, Coinbase's EU policy chief Roeland Van der Stappen said in an interview with Cointelegraph. Van der Stappen said platforms subject to the rules may restrict or suspend access to DeFi, prompting investors to shift to platforms with lower levels of protection. Lending, liquidity provision and onchain trading could be affected, he added, while more stringent regulation could disperse DeFi liquidity and hurt cryptocurrency prices through liquidity fragmentation. The European Securities and Markets Authority proposed in September creating a new regulatory category for companies that provide access services to DeFi protocols.

Bitcoin accumulation firm Strive (ASST) announced it will raise the annual dividend rate on its perpetual preferred stock SATA to 13.25% from 13%, effective Dec. 1, according to the company. SATS will maintain its fixed annual dividend rate of 15%. Both SATA and SATS pay cash dividends daily on business days. Strive said it has bought BTC using only funds raised through preferred stock, without debt, and currently holds 43,153 BTC and dividend reserves covering 18 months.

Nasdaq-listed Hyperion DeFi, a DAT company focused on accumulating Hyperliquid's HYPE, disclosed in its third-quarter earnings report that it held 1.848 million HYPE as of Sept. 30. The holding was down from 2.04 million HYPE at the end of the second quarter after the company sold part of its position to repay debt. At HYPE's quarter-end price of $90.83, the remaining holdings were worth $167.9 million. Hyperion DeFi posted third-quarter revenue of $810,000 and net income of $39.59 million, up 168% and more than 500% from a year earlier, respectively. Most of the net income came from HYPE's rise.

AVA Foundation and crypto travel booking platform Travala announced the launch of AVA 3.0 and unveiled its roadmap. Built on the existing AVA 2.0 framework, AVA 3.0 strengthens real-world travel products, a transparent token buyback mechanism, and quantifiable membership benefits. Travala will serve as the main commercial use case for the AVA token. So far, AVA Foundation has bought back a total of 5,604,400 AVA, including 779,700 AVA, or 1.1% of circulating supply, which has been permanently locked in Travala’s AVA strategic reserve.

BlackRock deposited 4,189 BTC ($304.72 million) and 68,230 ETH ($139.16 million) into Coinbase Prime, for a total of about $444.4 million, according to Onchain Lens. Such crypto transfers by BlackRock to an exchange may be part of operational processes tied to inflows and outflows in its spot crypto ETFs, including settlement and redemptions.

A golden cross may be forming on Bitcoin’s three-day chart, CryptoPotato reported. Crypto analyst Merlijn The Trader said BTC fell to $60,000 after a death cross emerged in December last year, but the direction of the moving averages has now turned and bullish momentum is appearing. He added, "I have already built a position and will enter the rest through staggered buying." Analyst Friedrich said BTC could quickly rise to $103,000 if it posts a clear close above $75,600. If it fails to break through that level, Friedrich said, it could fall to $60,000-$65,000 or lower.

Dogecoin is seeing wider use in Canada’s online betting and digital entertainment market, where users are drawn to its fast settlement, low fees and decentralized security, Finbold reported. According to the report, Canadian users frustrated by credit card payment limits, bank transfers that can take days and high foreign-exchange fees are increasingly turning to DOGE, as deposits and withdrawals can be completed within minutes, fees are minimal and there is less risk of funds being frozen by intermediaries. Platforms including Rocketplay are also supporting adoption by offering wallet integration and instant-withdrawal guides. As demand rises, authorities in provinces including Ontario are stepping up oversight of crypto platforms, while the Bank of Canada has indicated that growing cryptocurrency demand is threatening the traditional banking system.

Nasdaq-listed Bit Digital, which is focused on Ethereum investment, said it held about 163,726 ETH worth $439.4 million as of the end of the third quarter this year. Of that total, 74,606 ETH worth $200 million was held directly. During the third quarter, the company staked 73,683 ETH in liquid staking and received 66,192 LsETH. It used 19,000 LsETH as loan collateral. Over the same period, Bit Digital sold 1,625 ETH at an average price of $2,114.6, securing about $3.4 million, and made no new ETH purchases.