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Nine new wallets received a total of 1,900 BTC worth $148 million from Galaxy Digital over the past four hours, Lookonchain reported. The transfers indicate whale buying continued despite Bitcoin’s decline, according to Lookonchain.

Decentralized exchange Pendle said Partners Group’s Next Generation Infrastructure fund is now available on-chain through AssetoFinance’s NGI+, allowing users to split, trade or fix the fund’s yield. The fund holds about $2.5 billion in energy and digital infrastructure assets ranging from power facilities to data centers, and invests alongside Partners Group’s flagship direct infrastructure program. Partners Group has $186 billion in private markets assets under management.

Du Jun, co-founder of Web3 investment firm ABCDE with Chinese roots, said on X that a string of recent security incidents has led many wealthy investors to avoid holding cryptocurrencies directly. Family offices that had actively recommended BTC and ETH investments a few years ago later shifted all of their BTC holdings into BlackRock’s IBIT after experiencing exchange hacks and cold-wallet security breaches, Du said, adding that some also sold cryptocurrencies to buy physical gold or traditional assets.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,018.78 on the Binance USDT market.

U.S. rapper Kanye West sold 1,390 ETH worth $3.163 million to reduce liquidation risk, ai_9684xtpa reported. The address split the sales after news of the Binance hack about six hours earlier, with an average selling price of $2,275.6 and a loss of about $317,000. The address currently has 19,506 ETH posted as collateral against roughly $27.67 million in stablecoin loans.

According to Lagrange, a zero-knowledge proof coprocessor network, the Lagrange Foundation has applied technical measures to freeze LA linked to the Binance security incident as a precautionary security step. LA held by the attacker cannot currently be transferred. Users holding LA on Binance were advised to check Binance’s official channels for further notices.

Predict said on X it has delayed the PREDICT token generation event, or TGE, and the Season 1 airdrop schedule after Binance postponed the token’s Binance Alpha and spot trading listing in the wake of a hacking incident. The project said it will announce the revised airdrop schedule once it is finalized. Binance had earlier been said to have lost about $6.3 billion worth of cryptocurrency in the attack. Binance Alpha trading and crypto deposits and withdrawals were later temporarily suspended as part of security measures.

DePIN project Holo said the technology needed to transition from HOT to HoloFuel is ready and will continue to be refined based on feedback. Holo added that regulation remains the bigger challenge, but it has found a jurisdiction that understands the business it is building. Related filings are being finalized and, even if they are not ready by Nov. 1, they should be completed within a few days after that, Holo said.

The Bank of Japan kept its benchmark interest rate unchanged at 1.25% on Oct. 30, in line with market expectations.

A high-level meeting among the South Korean presidential office, government and the ruling Democratic Party will be held on Nov. 8 to decide whether to delay virtual asset taxation, The Korea Economic Daily TV reported. According to political sources cited by the outlet on Oct. 30, the meeting will include key officials from the presidential office, Prime Minister Han Seong-sook and Democratic Party leader Kim Min-seok. If the group decides next month to postpone the tax and related laws are revised, the implementation would be pushed back for a fourth time.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $465.38 million liquidated (86.91% longs) - ETH: $356.28 million liquidated (85.02% longs) - SOL: $81.39 million liquidated (93.58% shorts)

The Sandbox said via its official X account it is aware of the Binance hacking incident and the leaked SAND, and is working closely with the Binance team on a response. The company added non-custodial wallets holding SAND were not affected, while users whose SAND held on Binance may have been impacted and should follow Binance’s official updates. The Sandbox also said its team will never send users direct messages or ask them to make a "claim," warning users to watch out for impersonation scams.

South Korea’s Democratic Party plans to decide by no later than Nov. 30 whether to further delay digital asset taxation scheduled to take effect in January, BlockMedia reported. Oh Ki-hyung, a lawmaker from the Democratic Party, told reporters after a digital asset business meeting at the National Assembly on Oct. 30 that a decision on whether to postpone the tax cannot be pushed past late November. Oh said that if the party chooses to delay taxation, its final position must be set by no later than the end of November, adding that social issues surrounding the matter need to be reviewed again and related discussions should be wrapped up quickly within one to two weeks.

South Korean exchange Upbit announced on its official website that it will restrict deposits and withdrawals involving three unregistered virtual asset operators: Supertrust, TetherMax and Aegis Ventures.

Binance disclosed preliminary findings from its investigation into the hack on its official website, saying total losses are estimated at about $6.3 billion and about $3 billion in assets has so far been frozen on-chain with help from blockchain industry partners. The exchange said the incident may have occurred after a DevOps engineer’s laptop was compromised, giving the attacker access to a service container and allowing the submission of unauthorized withdrawal transactions. Binance added no evidence has been found so far of a leak of private wallet keys. Binance said it plans to cover all losses using the SAFU fund and its own assets, adding user assets are safe. The company also said it has begun tracking and recovery efforts with law enforcement agencies and blockchain analytics firms.

People Power Party lawmaker Yoon Sang-hyun said clear standards are needed for taxing virtual assets, arguing they remain institutionally underprepared because of their complexity and other unique characteristics, News1 reported. Speaking at a forum at the National Assembly Members' Office Building today, Yoon said plans to begin taxing virtual assets in 2022 had been postponed three times. Yoon added he does not view virtual assets as merely speculative instruments for young people, saying they may be the last ladder of hope for a generation facing rising home prices, a tough job market and meager wages.

Japan’s Sumitomo Mitsui Financial Group plans to acquire about a 5% stake in SBI Startale Marketing, a joint venture between SBI Holdings and Startale Group, NADA News reported. The sides also plan to cooperate on developing asset management and payment services using the yen-denominated stablecoin JPYSC. Sumitomo Mitsui Banking Corp. also plans to examine the use of JPYSC for blockchain-based financial product settlement and real-time clearing in the future.

The Bank of Korea told the National Assembly that overseas-issued crypto cards could be used to evade oversight of fund transfers and tax-related regulations, The Herald Business reported. According to materials the central bank submitted to the office of Rep. Kim Nam-jun of the National Assembly’s Planning and Finance Committee and obtained by The Herald Business on Oct. 30, the Bank of Korea said such cards could serve that purpose when linked to virtual assets held in personal e-wallets or on overseas exchanges and used for payments. The central bank also told the National Assembly there is a legal gap in requiring related data from overseas operators.

Major exchanges have seen $102 million worth of futures liquidated in the past hour. In the past 24 hours, $1,510 million worth of futures have been liquidated.

Binance hackers are moving stolen Ethereum worth a total of more than $1 billion to new wallets, according to Onchain Lens. Onchain Lens added the funds could be laundered through cryptocurrency mixing protocols such as Tornado Cash.

Blockchain infrastructure company Gattaca said on X it has launched Silver, a new open-source Ethereum consensus client. The company said Silver was developed to shorten block production intervals and support quantum-resistant security, while delivering processing speeds around 10 times faster than existing clients. Silver is currently in alpha testing and remains under security audit and final verification.

South Korean Democratic Party lawmaker Min Byoung-dug said cryptocurrency taxation should be implemented only after a basic digital asset law is passed and the systems and infrastructure needed for taxation are in place, Newsis reported from a forum held in Seoul on Oct. 30. Min said the proper sequence was to first pass a digital asset framework law aimed at establishing basic market order and investor protection, then complete the institutional and infrastructure requirements for taxation before enforcing the tax. Min added that Min agrees with the principle that income should be taxed and digital assets should not be an exception, while also saying criticism that South Korea moves slowly on legislation but quickly on taxation should be taken seriously. Min also raised the need to introduce tax-loss carryforwards. Under the current virtual asset tax system, there is no provision allowing losses incurred in one year to be carried forward and deducted from gains in the following year. Min said if an investor loses 10 million won in the first year and earns 10 million won in the next, there is effectively no real profit across the two years, and taxing only the second year’s gain separately would be widely seen by taxpayers as unfair. Min added that allowing losses to be carried forward for a certain period under virtual asset taxation should be considered, according to Newsis.

Rollup-as-a-service platform Caldera (ERA) said it introduced a freeze function to the Caldera token contract on the Ethereum mainnet and took emergency action to freeze the Binance attacker’s address. Follow-up testing showed the attacker’s current ERA holdings cannot be transferred.

South Korea’s Democratic Party has asked the government to postpone a related administrative notice on virtual asset taxation until the party and government reach a conclusion on the issue, News1 reported. Cho Seung-rae, chair of the party’s fiscal and economic planning committee, said at a virtual asset service provider meeting held at the National Assembly in Seoul today that it would be better to delay the notice until consultations produce a conclusion on taxation, adding that the government also appears to be proceeding that way. With two months left before the planned rollout of taxation next year, the Democratic Party said it would move quickly to finalize its position after gathering industry views in order to ease market uncertainty.

Lee Tae-ho, a visiting professor at Yonsei University’s Graduate School of International Studies, called for a broader redesign of financial income taxation rather than rushing to impose taxes on virtual assets from 2027 without allowing loss carryforwards, Edaily reported. Speaking at a forum hosted today by People Power Party lawmaker Yoon Sang-hyun under the theme "Deferring virtual-asset taxation is what young people want," Lee said virtual assets represent a starting point for young people and argued crypto taxation should also include measures such as loss carryforwards and tax deductions for young investors.