Live Feed

American Bitcoin, a Bitcoin mining company linked to U.S. President Donald Trump’s family, is seeking a stock market listing through a $2 billion deal, Walter Bloomberg reported.

Crypto.com announced it will gradually discontinue services in Hong Kong. A detailed timetable will be provided later, and its app service is scheduled to end in February next year. Crypto.com’s Hong Kong entity had applied for a license with local authorities in February 2024, but approval has yet to be granted.

Spot Bitcoin ETFs emerged as the main source of Bitcoin buying in the third quarter, overtaking major accumulation companies, 21Shares said. 21Shares said spot BTC ETFs posted around $6.2 billion in net inflows in the third quarter, absorbing twice the amount of newly mined Bitcoin after reversing from $4.8 billion in net outflows in the second quarter. But long-term holders sold 248,000 BTC, worth $17.4 billion, or about three times the amount bought by spot ETFs. Major Bitcoin accumulation companies bought $7.1 billion in the second quarter but only $1 billion in the third quarter, according to the analysis.

An anonymous whale transferred 3.9 million LIT worth about $12.21 million, which had been unstaked two days earlier, to centralized exchanges including OKX about 30 minutes ago, AmberCN reported. Exchange deposits are generally interpreted as intended for selling.

Startale, a Web3 venture formed by Japan’s SBI Holdings, Sony and the Astar Network Foundation, has launched the Startale Card, a virtual card that lets users spend onchain assets in everyday payments, U.Today reported. Linked to the Startale app, the card supports USDSC payments at more than 150 million merchants worldwide without requiring separate withdrawals through a bank account or cryptocurrency exchange.

The Binance hacker laundered 28 BTC worth $2.2 million through the CoinJoin cryptocurrency mixing protocol, according to blockchain analytics firm Elliptic. The review covered the period from Nov. 1 through 6:02 a.m. UTC today, and the laundering technique used the WabiSabi protocol, a mixing technology used by services including Wasabi Wallet. Elliptic said the BTC sent into CoinJoin first came from stolen TRX funds, followed by ETH that had been swapped into BTC. The 18,270 BTC stolen directly from Binance remains unmoved and split across 19 addresses. Elliptic said about $3.24 billion of the total $6.43 billion stolen remains in the hacker’s possession, while $2.85 billion has been frozen, seized, or otherwise handled.

Restaking protocol Swell said it has completed compensation related to the swETH and rswETH incident, fully covering the shortfall by paying about 0.25 ETH each to 18 addresses that deposited at an inflated rate.

A Binance hacker transferred $4 million to a Binance deposit address, Arkham reported. Arkham said the addresses were likely linked to a nested service, a third-party exchange that uses Binance for liquidity provision and asset custody services.

Binance announced it will run a community appreciation campaign from 11:30 a.m. UTC today through 11:59 p.m. UTC on Nov. 21. Users who complete customer verification during the period will receive a 100 USDC spot trading fee voucher. Binance also said users who reach at least $10,000 in cumulative trading volume across spot and futures will share a 20 million USDC reward pool based on their share of total volume. The maximum reward is 4,000 USDC per user. In addition, deposit products including USDT and USDC Simple Earn will offer APR of up to 10% during the campaign.

Solana validator client developer Anza said Solana mainnet beta validators face a critical vulnerability, CryptoSlate reported. The flaw has a severity score of 9.8 out of 10, and while patched code has already been deployed, the fix has not yet been applied to the Ubuntu kernel commonly used by validators. Anza has advised operators to block suspicious network data, and no actual damage has been reported so far.

Brazilian stablecoin payments infrastructure company Bloquo has raised $3.72 million, local business outlet Valor Economico reported. The funding round was led by Crescera Capital and TriAxis Capital, and the proceeds will be used to strengthen compliance systems, improve technology infrastructure, and expand the platform’s business operations. Founded in 2025 and based in Rio de Janeiro, Bloquo supports cross-border payments, foreign exchange trading, and trade finance services using stablecoins.

The Ohio State Teachers Retirement System holds $16.8 million worth of Strategy (MSTR) shares, a Bitcoin historian said, citing a third-quarter filing with the U.S. SEC on Form 13F. The holding was disclosed in the filing and was up about 83% from the previous quarter. The Strategy position can be viewed as an indirect Bitcoin holding.

Japan-listed Bitcoin accumulation firm Metaplanet announced the additional repurchase of 22.46 million treasury shares worth $37.8 million to increase its Bitcoin holdings per share. The company’s cumulative share buybacks now total 96.44 million shares, equal to about 7% of its total common shares.

Crypto data platform RootData said a total of 368 cryptocurrency projects have shut down this year, up by 244 from August. Of those, 85 projects, or 23.1%, directly announced their shutdowns, while RootData classified the remaining 283, or 76.9%, based on its own analysis of their operating status. The list includes BLAST, Abstract, Balancer (BAL), Goldfinch, CoinEx and BitMEX. Among them, 37 projects had previously raised more than $10 million, while 94 had secured more than $1 million in funding. By sector, DeFi accounted for the largest share at 110 projects, or 29.9%, followed by infrastructure at 64, or 17.4%, and AI at 27. Within infrastructure, there were 13 layer-one and 13 layer-two projects.

Restaking protocol Swell said claims are now available for SWELL, swETH and rswETH remaining on Swellchain following the network’s shutdown.

More than $400,000 was lost after Premia Labs’ vault contract on Arbitrum was attacked on Nov. 1, according to GoPlus, a Web3 security data infrastructure provider. GoPlus said anyone can deploy option pools through the factory contract, but the vault lacked sufficient verification to determine whether it could interact safely with those pools. The attacker created six empty option pools, then used a flash loan to buy options and induce the vault to lock collateral in those pools before extracting the collateral through the pools’ liquidity mechanism.

An anonymous whale that had been dormant for six years transferred 999.953 BTC worth $78.12 million to a new address, according to Lookonchain.

Binance has seen net outflows since the hack, while other exchanges including OKX have posted net inflows, Crypto Briefing reported. Binance recorded about $7 billion in net outflows, while OKX saw $445 million in net inflows, Bybit $112 million, and Bitget $54 million. Crypto Briefing added that Binance is still estimated to hold about $128 billion in assets after the outflows, making the latest withdrawals a meaningful decline but not a depletion of assets.

South Korean exchange Upbit announced it will temporarily suspend AERO deposits and withdrawals starting at 2:00 a.m. UTC on Nov. 3 to support the Aerodrome Finance token swap.

The entities behind Plasma’s XPL decline appear to be the same ones involved in past moves in FARTCOIN, according to a BlockBeats analysis. XPL rose above about $0.12 in late September, but fell below $0.07 as November began. The token also dropped 12% on Nov. 1. BlockBeats said the entities that sold heavily on Nov. 1 appear to be the same ones that led declines in XPL and FARTCOIN in April. According to the analysis, they built long positions in advance and then profited by triggering long liquidations. XPL surged 42% in April before plunging more than 40%, while FARTCOIN showed a similar pattern. That led to forced liquidations worth tens of millions of dollars across exchanges at the time, BlockBeats said.

Bitcoin’s active address count has fallen 43% over about two years, while transfer volume is down just 5.4%, according to an analysis by on-chain analyst Axel Adler Jr. Adler said the 30-day moving average of Bitcoin active addresses stood at 629,000 as of Nov. 1, down 43% from a peak of 1.1 million in December 2024. The figure also fell 1% over the past week. Adler noted that in 2018, active addresses dropped 50% in three months, whereas the current decline of a similar scale has unfolded gradually over about two years. The current active address count is around 10% below the annual average of 702,000, and a recovery to that level would signal network activity has begun to move above the average seen over the past year. By contrast, the 30-day moving average of Bitcoin’s daily transfer volume slipped only 5.4% to 819,000 BTC from 865,000 BTC on Dec. 10, 2024. Although it fell 2.5% over the past week, it still remains 5.5% above the annual average of 776,000 BTC, suggesting the drop in actual Bitcoin transfer volume has been limited compared with the decline in active addresses.

South Korean crypto exchange Bithumb announced it will temporarily suspend deposits and withdrawals for NEAR at 12:00 a.m. UTC on Nov. 4 due to a network upgrade for Near Protocol (NEAR).

Profits from investing in U.S. stock-linked perpetual futures through overseas crypto exchanges will be subject to an 11% tax starting next year, Maeil Business Newspaper reported in an exclusive. According to the report, South Korea’s Ministry of Economy and Finance has decided to classify U.S. stock-linked perpetual futures as overseas equity derivatives and include them in the capital gains tax base. The products, derivatives tied to U.S. stocks, began emerging in earnest this year, while no clear taxation policy had previously been set. The report said the 11% rate is half the 22% tax applied to overseas spot stocks. Taxes will be imposed on the amount remaining after a basic deduction of 2.5 million won from annual profits.

Amazon Web Services has published a system architecture blueprint for building centralized cryptocurrency exchanges on its cloud through its official blog. Based on AWS’s experience supporting actual exchange builds, the design serves as technical guidance for companies developing exchanges. The blueprint outlines how to structure systems for fast order processing as trading volumes rise, while also safeguarding customer assets and managing trading data in line with audit requirements. AWS said a core challenge in building an exchange is balancing faster order execution with resilience against outages.

South Korea’s Financial Services Commission on Nov. 2 urgently called in domestic crypto exchanges and urged them to build additional reserves following the Binance hacking incident, SBS News reported. The FSC focused its review on access controls for local virtual asset service providers’ computer systems, as well as approval and signing procedures for wallet withdrawals, including hot wallets. It also instructed exchanges to raise the share of assets held in cold wallets not connected to the internet to help prevent breaches similar to the Binance case. Under the current Virtual Asset User Protection Act, virtual asset service providers must keep at least 80% of customer-deposited assets in cold wallets, although the ratio varies by company.