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A federal court in Northern California has issued a preliminary injunction barring prediction market platform Kalshi from operating sports-related prediction markets on some Native American tribal lands, according to publicly released court materials. The court on Nov. 4 granted a request from the plaintiffs, including Blue Lake Rancheria, and barred Kalshi and affiliate KalshiEX from offering sports-related event contracts on the tribal lands at issue. The plaintiffs must submit maps of the land boundaries by Nov. 13, and Kalshi must report on its compliance within 21 days of the order.

IREN, which is shifting from a Bitcoin mining company to an AI cloud services provider, announced $228 million in revenue for the first quarter of fiscal 2027, covering July through September 2026, up 66% from the previous quarter. Of that total, AI cloud revenue rose 182% to $200 million. Bitcoin mining revenue, by contrast, fell about 58% to $28 million from $67 million in the previous quarter.

The Korea Exchange has triggered a sell-side sidecar on the KOSDAQ market. The measure is activated when KOSDAQ 150 futures fall 6% or more from the previous session’s close and the KOSDAQ 150 index declines 3% or more for one minute. Once triggered, the validity of program sell orders is suspended for five minutes to help ease market disruption from a sharp drop in stock prices.

South Korea’s main KOSPI index fell more than 8%, prompting Korea Exchange to trigger a circuit breaker. The mechanism temporarily halts trading in the KOSPI and KOSDAQ markets during sharp declines and operates in three stages. Under a first-stage circuit breaker, which is triggered when losses of 8% or more persist for one minute, trading is suspended for about 20 minutes.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter areas may act as support or resistance. - The cumulative volume delta indicator shows buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million, among other categories.

About $2.6 billion in Bitcoin options is set to expire at 8:00 a.m. UTC today on crypto options exchange Deribit, according to Deribit. The put-to-call ratio is 0.38, and the max pain price, the level where the largest number of option buyers lose their premiums, is $79,000. At the same time, about $226 million in Ethereum options is also set to expire, with a put-to-call ratio of 1.28 and a max pain price of $2,350.

CoinMarketCap’s in-house crypto fear and greed index fell 10 points from yesterday to 32, shifting from neutral to fear. The index indicates extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the gauge based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put-to-call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.

Major exchanges have seen $111 million worth of futures liquidated in the past hour. In the past 24 hours, $1,248 million worth of futures have been liquidated.

Michael Saylor, founder of Strategy (Nasdaq: MSTR), the largest corporate holder of Bitcoin, said AI-backed hackers are emerging as a new security threat to the crypto industry and are the sector’s real threat. Speaking at the OrangeBTC Summit in Sao Paulo, Brazil, on Nov. 5, local time, Saylor said vulnerabilities in insufficiently tested exchange and financial software pose a greater risk than Bitcoin’s own security. Saylor added crypto exchanges, banks and custodians should use cutting-edge AI models on their own systems every day to check for security weaknesses.

Hyperliquid Strategy, a Nasdaq-listed company accumulating HYPE, has applied to the U.S. Commodity Futures Trading Commission for futures commission merchant registration as it pushes to expand in the U.S. market. The registration is intended to allow the company to handle accounts for U.S.-based users in markets launched through HIP-3, Hyperliquid’s framework for opening external markets. The CFTC’s review timeline has not been confirmed, and specific operating plans, including which markets will be offered and how regulatory compliance will be handled, are expected to be determined based on the regulator’s approval. Separately, Hyperliquid Strategy said in a recent filing it posted $13.3 million in third-quarter revenue and about $620 million in net income, including unrealized gains from its HYPE holdings.

Bitcoin-based smart contract platform Stacks announced on X on Nov. 5 that its third tranche, Bond 3, of its in-house Bitcoin staking program has sold out. The tranche totaled 1,000 BTC, with participants including NYSE-listed crypto exchange Bullish, which holds about 22,000 BTC, and crypto asset manager 21shares. Participants lock Bitcoin on the Bitcoin mainnet using a timelock mechanism and receive weekly BTC rewards based on a target annualized yield of 3% over six months. A Stacks official added that Bullish and 21shares would naturally accumulate STX as they expand the scale of their BTC staking.

U.S. President Donald Trump said the Russia-Ukraine conflict was very close to a resolution. Trump said the sides would reach an agreement and described it as a significant deal, adding the scope might extend beyond Ukraine and could include all of Europe. Trump also said it would be a major and favorable agreement that would satisfy everyone.

Blockchain-based mobile finance project Telcoin (TEL) said it has entered the final preparation stage for its mainnet launch. The mainnet is scheduled to launch in December with an initial group of validators. Development and governance of the Telcoin network will be handled by the Telcoin Association, according to the project.

Aztec, a zero-knowledge-proof-based Ethereum layer-two network, has launched a program to delegate a total of 100 million AZTEC, worth about $1.37 million, to sequencer operators that help strengthen the network, according to its official X account. Aztec said, "the Foundation will allocate 100 million AZTEC to support sequencer operators" and delegate the tokens to eligible operators. Applicants must have operated on mainnet for at least three months, staked more than 1 million AZTEC, and maintained at least a 95% success rate for attestations and proposals submitted to Ethereum. Applications close on Nov. 20. Selected operators will be announced on Nov. 24, and the delegation is scheduled for Dec. 1.

Citigroup said in a filing submitted to the U.S. SEC that it held 133,049 shares of Strive as of the third quarter, up about 278.4% from 35,165 shares in the previous quarter. The stake was estimated to be worth about $2.73 million. Strive is widely seen as a major Bitcoin-accumulating company in the U.S. stock market and currently holds about 43,124 BTC, ranking fourth by holdings.

The three major U.S. stock indices closed lower today. - S&P 500: -4.35% - Nasdaq: -5.52% - Dow Jones: -3.44%

Blockchain analytics firm Chainalysis said an AI-driven cyberattack recently exposed password hashes and active authentication tokens for all users, expanding on its earlier disclosure of a customer data breach. On Oct. 30, local time, Chainalysis disclosed the customer information leak and said it had found no signs that credentials or investigative data had been exposed. In an updated report four days later, the company said abnormal activity had been detected in its transaction screening system. Chainalysis has temporarily suspended major services including its know-your-transaction monitoring platform, including the user interface and API, address screening, the Reactor investigations platform and data solutions. The company said it plans to implement security measures including IP allowlisting, password resets and API key replacement to restore services.

Polymarket US recorded $234 million in political trading volume over the past 30 days as voting in the U.S. midterm elections ended, The Block reported. By market, the U.S. House election led with $29.5 million, followed by the Texas Senate race at $26.1 million and the U.S. Senate election at $15.6 million. Trading volume rose sharply around Election Day. In particular, volume reached $110 million over the two days from Nov. 3 to Nov. 4, local time.

Coinbase-developed Ethereum layer-two network Base said it has deployed its fourth network upgrade, Denim, on mainnet. The upgrade introduced a formal block production system at 200-millisecond, or 0.2-second, intervals, replacing the previous Flashblocks system. As a result, block production speed increased 10-fold to five blocks per second from 0.5 blocks per second. Base also introduced BaseTime, which allows smart contracts to check time in milliseconds, and strengthened transfer verification and compliance functions for B20 tokens.

A sell-off in AI-related stocks tied to the U.S. midterm election results is spilling into crypto markets, while crypto has held up relatively well amid the turbulence, CoinDesk reported, citing Wintermute OTC trader Jasper De Maere. De Maere cautioned against reading too much into a single day of selling. Amid the disruption in AI-related equities, De Maere said broader crypto adoption continues to reinforce the long-term outlook. In the short term, De Maere said the market still bears watching, while the medium- to long-term view remains positive. With cross-asset correlations still high, De Maere added investors should watch for undervalued opportunities that may emerge over time.

The Dubai International Financial Centre Courts have proposed a dispute resolution oracle, or DRO, to enable court and arbitration rulings on tokenized assets to be enforced on blockchain networks, Crypto Briefing reported. It described the framework as an open technical and legal standard that conveys legal judgments issued off-chain to blockchain ledgers. The DRO would transmit enforcement instructions verified by courts or arbitral bodies to blockchains, supporting digital asset preservation, verification of enforcement orders and the creation of auditable enforcement records. The DIFC Courts plan to participate as the first qualified service provider.

Concerns that regulation of the AI industry could tighten after the U.S. midterm elections are affecting the crypto market as well as tech stocks, according to an analysis by Santiment. Santiment said Bitcoin has shown a high correlation with tech stocks and remains sensitive to shifts in risk appetite. Investors are concerned that a Democratic victory in both chambers of Congress could slow AI industry expansion through tighter data center permitting, construction rules and changes to tax incentives. Santiment added selling pressure could ease if data center restrictions do not translate into actual policy, while downside pressure on AI infrastructure-related stocks and the crypto market could persist if the regulations are implemented.

The U.S. SEC has submitted proposed amendments to rules on the financial responsibility, recordkeeping and reporting requirements for crypto brokers to the White House for review, Bloomberg reported. Separately, the U.S. CFTC also submitted a proposal to the White House Office of Management and Budget this week to strengthen consumer protection measures for prediction markets.

Hollywood studios and production companies are drawing up guidelines that bar employees from using insider information to place bets on prediction markets, according to Decrypt. The restrictions cover wagers based on nonpublic information about studio performance, casting, release dates and revenue. Some companies also run anonymous hotlines for reporting suspected betting by co-workers.

Whale Alert reported that 271,930,802 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $272 million.