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Zcash developers have proposed reducing the target block time to 20 seconds from 25 seconds, Cointelegraph reported. ValarDragon and Evan Forbes submitted a draft ZIP, or Zcash Improvement Proposal, to the Zcash community forum and proposed including the change in a future community vote and the NU7.1 network upgrade. The proposal aims to shorten transaction times for payments, exchange deposits and cross-chain swaps. Zcash had previously reduced block times to 25 seconds from 75 seconds through the NU7 upgrade on Nov. 6, according to the report.

Two amendment proposals have been submitted amid growing concerns that higher gas fees in Ethereum’s next Glamsterdam upgrade could break existing smart contracts, CoinDesk reported. According to CoinDesk, EIP-8037 and EIP-8038, both included in Glamsterdam, would raise the gas costs required to create and access stored data, which could make apps built without those assumptions difficult to update. The issue is also fueling debate within the Ethereum community. One newly submitted amendment would keep the current gas fee structure for existing contracts while applying the new system only to newly deployed contracts. The other would apply the new standard to all users while running a separate framework to ensure legacy apps continue to function. Both proposals remain in draft form, however, and no target date has been set for implementation. Glamsterdam’s second rehearsal had been scheduled for Oct. 26 but was postponed over security issues. The next private test, planned before the latest amendments were introduced, is expected as early as Nov. 16-20.

Nexpace, the MapleStory-based blockchain gaming platform behind NXPC, said it plans to burn about 95.7 million NXPC in December, equal to roughly 30% of circulating supply. The company also plans to cut emissions from the Contribution Rewards pool, which is used to fund the ecosystem and in-game rewards, to zero for at least one year, or 52 weeks. It added that all tokens unlocked each week will be burned immediately upon release.

Binance said withdrawals on Binance Alpha have resumed across the BSC, Ethereum, Base and Arbitrum networks. The exchange plans to restore withdrawals for additional assets and networks in stages once security checks are completed, with further updates to be posted through Binance’s official channels.

Web3 security data infrastructure provider GoPlus (GPS) warned that a social login vulnerability in Web3Auth exposed private keys or compromised signing authority for some Keplr wallet users. The affected addresses were those created through Google or Apple login, while seed phrase users and hardware wallet users were not affected. At least $1 million was stolen, and around $6 million was moved to an official recovery address, GoPlus said. It advised users to stop making additional deposits into affected social login accounts and to stop reusing existing keys, create a new seed phrase or hardware wallet account, and transfer liquid assets under their control, while handling staked, locked, or unbonding assets in line with the latest official guidance.

California’s Department of Financial Protection and Innovation on Nov. 4 ordered Coinflip to pay more than $4.8 million in restitution to victims of Bitcoin ATM scams and more than $350,000 in illegally charged fees. The agency said Coinflip had failed since 2021 to properly verify users and detect, block, report, and mitigate suspicious transactions, allowing scammers to steal customer assets. Coinflip will also no longer be allowed to operate about 500 kiosks in California.

Evan Van Ness, founder of the Ethereum newsletter WiE (Week in Ethereum News), said Pearl (PRL), a blockchain combining AI computation, could become bigger than Bitcoin. Van Ness, an early Ethereum backer who previously worked at the Ethereum Foundation, said he learned about Pearl around 18 months ago. He said BTC became locked in too early and faces a serious security budget problem, while Pearl mines through matrix multiplication, a computing method used by AI models. Van Ness added that useful work remains limited so far, but said a flywheel could emerge if non-useful tasks are turned into useful ones and PRL is offered as a reward. He emphasized that PRL still has a small market capitalization, but said everything could change if the network uses matrix multiplication, which AI actually uses, as its security mechanism while generating money.

Threshold’s tBTC bridge, a threshold-cryptography-based Bitcoin bridge protocol, has resumed operations after nine days, Cointelegraph reported. AAVE’s deposit pool, which manages $120 million worth of tBTC, remains closed to new deposits and borrowing. Threshold said node operators are reconnecting as the bridge-based network restarts, but new deposits, minting and redemptions will remain unavailable until enough nodes are back online. The protocol did not disclose a clear timeline for a full reopening. Threshold tBTC has a circulating supply of 4,185 BTC, while the bridge wallet holds 4,320 BTC in reserves.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $273.38 million liquidated (91.67% longs) - ETH: $448.88 million liquidated (91.83% longs) - SOL: $37.16 million liquidated (94.24% longs)

President Donald Trump pushed back against conflict-of-interest allegations surrounding his and his family’s cryptocurrency business in an interview with CBS program '60 Minutes,' The Block reported. Trump said one of his sons is a co-owner of World Liberty Financial (WLFI), but he is not closely familiar with how it operates because his sons run the family business and he is not involved. He added he does not discuss cryptocurrency with his sons, has accumulated substantial assets before entering the White House, and that every president faces conflict-of-interest issues. Trump also said past presidents held major assets such as oil, while crypto is a modern business asset, and he cannot ask his sons to stop doing business for four years simply because he is president.

The Ethereum community has submitted a draft EIP-8488 proposal to introduce a new gas fee framework. The proposal would add V2 opcodes separately from existing opcodes and apply gas cost calculation standards under EIP-8037 and EIP-8038. Under the draft, newly deployed smart contracts after network activation would be allowed to use only V2 opcodes, while existing contracts would keep the current gas fee framework. It also says a V2 contract could call another contract only if the target contract is also a V2 version. The proposal is currently at an early draft stage.

Two anonymous whale addresses have been buying Ethereum (ETH) amid the market decline, according to Lookonchain. One address beginning with 0xFD10 borrowed 22 million USDT from crypto lending protocol Aave and then bought 10,000 ETH at an average price of $2,155. Another address beginning with 0x4AB7 withdrew 3,500 ETH worth $7.53 million from Binance. Since last week, the second address has withdrawn ETH from exchanges and accumulated a total of 16,577 ETH worth $37.5 million.

South Korean exchange Bithumb announced it will temporarily suspend Enjin Coin (ENJ) deposits and withdrawals at 11:00 a.m. UTC on Nov. 9 to support a network upgrade.

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, sold three BAYC NFTs and reopened a 25x leveraged ETH long position worth $1.48 million, AmberCN reported. The NFT sale brought in $36,800, and Huang withdrew 100 ETH worth $213,000 from Coinbase to post collateral. Earlier today, Huang’s ETH long position worth $1.16 million was liquidated during a morning price drop, leaving a $60,000 loss. After going through hundreds of liquidations, Huang has come to be known in the community as the king of liquidations.

A South Korean court dismissed a lawsuit filed by crypto exchange operator Hanbitco Korea against the head of South Korea’s Financial Intelligence Unit seeking to overturn the rejection of its amended virtual asset business report, Digital Asset reported. The Seoul Administrative Court found there was no longer a legal interest in seeking to cancel the disposition because the exchange had halted operations and the filing’s validity period had expired. The two sides are also pursuing a separate lawsuit over about 2 billion won in fines.

Bitcoin’s next halving is about 500 days away, and annual mined supply will fall to 82,000 BTC from the current 164,000 BTC afterward, according to Bitcoin Treasuries. That would amount to less than 10% of the 849,327 BTC held by Strategy (MSTR). Bitcoin Treasuries added that a supply shortage could emerge after the halving as mining output declines.

On-chain analyst Murphy said rising stop-loss selling by Bitcoin long-term holders is deepening market fear. Murphy said the realized loss indicator for BTC sent by long-term holders to exchanges on Nov. 5, LTH-RLTE, reached $139 million, or about 190 billion won, marking one of the largest readings in the past year outside February and June. Murphy added that while even long-term holders are selling at a loss, this could also signal that fear-driven selling pressure is being exhausted quickly. Murphy said short-term holders, whose average cost basis is around $75,000 to $76,000, are mostly staying on the sidelines as that is close to the current price. Murphy added that investor sentiment was hit hard by the Binance hack in late October and a sharp drop in U.S. stocks on Nov. 5, but the overall scale of realized losses is not continuing to expand. Sentiment could recover once investors find a reason to see market conditions as less severe than expected, Murphy said.

Bitcoin closed back below its 50-week moving average after spending seven straight weeks above the level, Galaxy Digital Head of Research Alex Thorn said. Thorn said similar patterns appeared in 2011-2012 and 2019-2020, when Bitcoin recovered the 50-week moving average after forming a bear-market bottom and then slipped back below it. In both cases, Bitcoin did not set a new low below the prior bear-market bottom on a weekly closing basis, he said.

An anonymous whale transferred 512,000 HYPE worth $39.3 million to FalconX after unstaking the tokens six hours earlier, EmberCN reported. Exchange deposits are generally interpreted as a sign of intent to sell. The position was withdrawn from an exchange a year ago, when HYPE was priced at $44.8, and a sale at current levels would imply an estimated profit of $16.36 million.

Crypto investment firm Abraxas Capital has recorded $428.56 million in gains across two hedge accounts operated on Hyperliquid, according to Lookonchain. The firm currently holds $1.05 billion in short positions. Market-making firms including Abraxas Capital also sometimes deploy short positions to hedge spot holdings, and because on-chain-visible positions may not reflect their full exposure, actual investment profit and loss could differ from what appears on-chain.

Ethereum founder Vitalik Buterin said on X that ETH’s value lies in its role as a store of value rather than in fee burns. He said the large-scale burns seen from 2021 to 2023 were driven by demand within the crypto sector, and the returns from that mechanism fall alongside ETH’s price when the token declines sharply. Maximizing burns, Buterin said, would require protocol-level research and development funding and more active governance, which could undermine censorship resistance and decentralization. By contrast, he said a store-of-value approach aligns with Ethereum’s strengths in decentralization, censorship resistance, open source, privacy and security, or "CROPS." Ethereum, he added, centers on survivability as well as safe storage, privacy protection and censorship resistance. Buterin said Ethereum will keep EIP-1559, which centers on a burn mechanism, but there is no need for disappointment even if the scale of burns declines.

An anonymous whale was liquidated on about $140 million in BTC and ETH long positions, losing a total of $61.41 million, AmberCN reported. The liquidated positions included 63,000 ETH worth $135 million and 60.8 BTC worth $4.56 million. The whale is still holding BTC and ETH long positions worth $113 million, with an unrealized loss of $12.39 million. The liquidation prices for the remaining positions are $72,197 for BTC and $2,004 for ETH.

A South Korean parliamentary research body said the current tax framework classifying income from virtual assets, or digital assets, as miscellaneous income does not fully align with the existing Income Tax Act and should be revised before taxation takes effect, Digital Asset reported. In a report published on Nov. 5, the National Assembly Research Service said income generated from the transfer of digital assets largely has the character of capital gains realized through price fluctuations. It said transfer gains should therefore, at a minimum, be classified as capital gains rather than miscellaneous income to better fit the current income tax system. The report also identified a tax consistency issue: income generated through direct trading of digital assets is taxed as miscellaneous income, while gains from the sale of spot ETFs listed overseas that track digital assets are taxed under the capital gains framework applied to overseas stocks and similar assets.

DeFi platform ACryptoS announced it is halting operations after losing $665,000 in an attack exploiting a vault vulnerability. The platform has blocked deposits and is allowing withdrawals only. A total of 77 vaults across five chains were affected, and the stolen funds were transferred through multiple cross-chain protocols. ACryptoS also offered the attacker a 10% bounty if the funds are returned.

Prediction market platforms including Kalshi and Polymarket are likely to face stronger regulatory pressure after Democrats won the midterm elections, Politico reported. Politico said President Donald Trump’s regulators had defended prediction markets over the past two years, fueling a surge in betting on politics, sports and stocks, while Democrats are now signaling a strong congressional oversight framework. The outlet added that Sen. Jeff Merkley of Oregon and Rep. Maxine Waters of California, both Democrats, have pledged tighter regulation. Sen. Elizabeth Warren of Massachusetts had also previously sent a letter to Kalshi and Polymarket questioning the legitimacy of election-related markets, according to the report.