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UK-based fintech firm Revolut announced on X that it has become New Zealand’s first digital bank. The company did not disclose when it plans to launch specific banking services or provide further details on its operating plans.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $85.65 million liquidated (79.59% longs) - ETH: $54.42 million liquidated (67.42% longs) - SOL: $24.18 million liquidated (90.48% longs)

RWA tokenization platform Reserve said it still cannot independently verify the RSR balance held on Binance, and no timeline has been announced for resuming RSR withdrawals. Binance said it has covered about 95% of the stolen assets by value with its own funds and is continuing to buy the remaining roughly 5% of assets, including RSR. Binance plans to generate a new proof-of-reserves snapshot with more tokens on Nov. 4, a process it said will take about 40 to 50 hours, with results expected around Nov. 6. Withdrawals are being resumed in stages.

South Korea’s Unification Ministry took a cautious stance after North Korea was identified as the actor behind a hacking attack on cryptocurrency exchange Binance that stole about 8 trillion won in virtual assets, saying it was first necessary to determine the exact situation. According to Yonhap News Agency, a ministry official told reporters at the Government Complex Seoul on Nov. 3 that no information had been shared among relevant South Korean agencies regarding the matter, when asked whether the ministry agreed with a U.S. FBI announcement that North Korea was behind the Binance hack. On whether South Korea would join additional international sanctions against North Korea, the official said it would be appropriate to review response measures with relevant ministries based on an assessment of the situation, adding there was no need to mention the issue of additional sanctions at this point.

Binance announced it will gradually resume withdrawals for cryptocurrencies including USD1, FDUSD, RLUSD and USDE starting at 4:00 a.m. UTC today. The measure covers assets on nine networks, including BSC, Ethereum and Solana, and also includes the resumption of all bSTOCKS withdrawals on the BSC network. Binance had already gradually resumed withdrawals for major cryptocurrencies including BTC, ETH, SOL and XRP, along with USDT and USDC, on Nov. 1. The exchange said withdrawals will be enabled for each asset as security checks and service preparations are completed, while deposit services are operating normally.

A hacker-linked address suspected of stealing about $106 million from an EU-based institution accumulated 27,553 ETH worth $62.83 million over the past day at an average price of $2,280, according to on-chain analyst ai_9684xtpa. Earlier, on-chain analyst ZachXBT said assets worth about $106 million were suspected to have been stolen from an EU-based cryptocurrency firm.

PancakeSwap (CAKE), a decentralized exchange on BNB Chain, said it temporarily suspended its documentation site as a precaution after becoming aware of a security incident involving docs hosted on GitBook. The project said its own documentation was not compromised and its app was unaffected. During the suspension, documentation links will redirect to the homepage. PancakeSwap also stressed its documentation does not ask users to connect wallets or approve tokens.

AI-based hedge fund platform Numerer said on X it reviewed NMR tokens and Numerai wallets and contracts based on the attack route used in the recent Binance hack, adding that treasury assets, hot wallets and user funds are currently safe. The platform also said it is introducing additional security measures from Privy that users can optionally apply to strengthen wallet security.

An anonymous whale accumulating ZEC posted total losses of about $5.84 million as ZEC fell 9% today, EmberCN reported. The whale spent 31.78 million USDT over the past four days to buy 25,002 ZEC at an average price of $1,271 and is now sitting on an unrealized loss of about $3.26 million. At the same time, the investor opened a long position for 18,910 ZEC on Hyperliquid at an average price of $1,378, but fully stopped out the position for a realized loss of about $2.58 million after ZEC fell under $1,200 in early morning trading today. The unrealized and realized losses across the two positions totaled about $5.84 million.

About 21,064 BTC has been transferred out of Binance since the exchange began gradually resuming withdrawals on Nov. 1 after suffering a $6.3 billion hack last week, according to an analysis by on-chain analyst Murphy. Murphy said on-chain data showed Binance’s Bitcoin holdings fell from about 732,000 BTC before withdrawals resumed to about 711,000 BTC afterward, with the decline accounting for less than 3% of total holdings. Murphy added that Binance holds about $139.7 billion in on-chain assets, of which BTC and USDT make up about 60%, BNB 18%, and ETH 6%.

Researchers at the Bank for International Settlements and the Deutsche Bundesbank said in a CEPR column on Nov. 2 that countries using overseas stablecoins could see a significant drop in economic output. They said the use of stablecoins issued abroad and backed by foreign assets could reduce bank deposits, curbing lending and investment, while part of the benefit from lower government interest costs driven by stronger demand for sovereign bonds would flow overseas. By contrast, if demand for U.S.-issued stablecoins came entirely from within the U.S. and all reserves were invested in short-term U.S. Treasuries, long-term U.S. output would decline by only about 0.03% even if the stablecoin market grew to $2 trillion. Separately, a BIS report published in July last year said around 99% of the stablecoin market capitalization at the time was dollar-based.

CryptoSlate said Binance’s auto-deleveraging, or ADL, system could still force-reduce profitable Bitcoin hedge positions even when its insurance fund and reserves are sufficient. According to CryptoSlate, Binance’s ADL rules allow profitable positions on the opposing side to be selected for deleveraging if the insurance fund reaches its limit for absorbing bankrupt positions or if unrealized losses on absorbed positions exceed available balances. The outlet explained ADL priority is determined by a position’s profit rate and leverage, and while meeting Binance’s delta-neutral account requirements can lower ADL priority within the same profit-and-loss tier, it does not provide a full exemption. It added the recent reallocation of the futures insurance fund alone does not support a conclusion that reserves for any individual contract are insufficient or that the likelihood of ADL has increased. CryptoSlate also noted ADL is not unique to Binance, and major cryptocurrency exchanges including OKX and Bybit operate similar risk management systems that can force-reduce profitable positions on the opposite side when insurance funds cannot absorb losses from bankrupt positions.

Cashmarket, a live prediction market platform built on Monad, said it raised $3.5 million in seed funding. The round was led by 6th Man Ventures, or 6MV, with participation from Reciprocal Ventures, Lattice Fund and Starting Line. Cashmarket said its platform lets viewers predict what will happen next in games and real-life livestreams, with rewards paid within 60 seconds based on the outcome.

South Korean President Lee Jae-myung called for a review of a government-wide “cyber security czar” body to oversee security functions across the public and private sectors, saying even the world’s largest cryptocurrency exchange had suffered a cyberattack that caused massive damage, Digital Asset reported. At a Cabinet meeting on Nov. 3, Lee said hacking attacks exploiting security vulnerabilities had continued at home and abroad, adding that not long ago, even the world’s largest digital asset exchange suffered astronomical losses in a cyberattack believed to have been carried out by a hacking group. Lee also said discussions were needed on setting up a government-wide response body spanning both the public and private sectors, and asked officials to actively review the creation of a strong and effective cyber security czar body that could comprehensively coordinate currently fragmented security functions.

South Korea’s Financial Services Commission is conducting an urgent review of domestic cryptocurrency exchange security following the Binance hack and will also consider an industry request to broaden the conditions for temporary withdrawal restrictions, Maeil Business Newspaper reported. Under the current Virtual Asset User Protection Act, deposits and withdrawals can be blocked only when there is a justifiable reason defined by presidential decree. Industry participants said a hack at their own exchange would likely qualify as such a reason for user protection, but it remains unclear whether the same standard applies when a breach occurs at another exchange. They asked regulators to revise the rules so exchanges can quickly restrict withdrawals even when a hack occurs elsewhere, as in the Binance case. Authorities are said to share those concerns and plan to review the matter, according to the report.

The U.S. SEC’s Division of Corporation Finance updated a Q&A on crypto asset classification criteria on its official website, saying token holders’ participation in governance voting alone does not make them a central governing body of a network. The division said holders would not be viewed as a central actor if there is no separate coordination agreement among participants and they do not exercise control over operations, economics, or voting rights. It added, however, that the guidance reflects the views of staff at the SEC’s Division of Corporation Finance and is not legally binding. CoinNess previously reported the division had added three questions to the related Q&A.

OKX founder and CEO Star Xu said the exchange has comprehensively strengthened its security and risk management systems following the recent Binance hack. In a post on X, Xu said OKX’s security and technology risk management teams have been working around the clock since the Binance security incident, not because OKX itself was attacked, but to respond proactively to broader industry security threats. Xu said OKX is focusing on tracking the on-chain movement of stolen funds in real time and blocking money laundering through its centralized exchange and Web3 decentralized exchange aggregator. Xu added the company is also reviewing market risk controls against liquidity shocks and cascading liquidations, analyzing vulnerabilities tied to software supply chains and AI coding agents, and checking internal access permissions and wallet infrastructure. He emphasized that no exchange is completely free from hacking risks and said continued investment and improvements in security are necessary.

Cathie Wood-led Ark Invest bought an additional $3.4 million in Coinbase (COIN) shares, $2.6 million in Circle (CRCL) shares and $645,000 in Robinhood (HOOD) shares yesterday. By contrast, it sold about $2.3 million worth of Bullish (BLSH) shares, while Bullish stock fell 5.6% today.

Bitcoin needs to hold support in the low-$70,000 range to maintain its bull market trajectory, Bloomberg Intelligence analyst Jamie Coutts said on X. Coutts said crypto market breadth, or the share of advancing tokens, had collapsed sharply after posting its strongest and most sustained outperformance in more than a year before the correction. He added that the market has fallen to oversold levels, but Bitcoin’s support in the low $70,000 range must hold. Coutts also said tightening market liquidity is the result of years of accumulated growth in U.S. national debt. He said possible U.S. policy responses could include a drawdown in the Treasury General Account, Treasury buybacks, increased issuance of short-term Treasury bills and a revaluation of gold, adding that Bitcoin is likely to see significant volatility over the next three to six months.

Bhutan’s King Jigme Khesar Namgyel Wangchuck has signed a royal decree authorizing the creation of a central bank for Gelephu Mindfulness City, a special administrative zone set to deploy 10,000 BTC. In a post on its official Facebook page, Gelephu Mindfulness City said the decree grants broad central banking authority to the Gelephu Financial Services Authority, which is set to transition into the Gelephu Central Bank. As an independent central bank, the Gelephu Central Bank will be responsible for monetary policy, supervision of financial institutions, management of foreign exchange reserves and payment systems. Earlier, Gelephu Mindfulness City entrusted Canadian asset manager 3iQ with managing part of its BTC holdings in July.

BitMEX co-founder Arthur Hayes said on X, "Dollar liquidity is being reloaded." Hayes added BTC is likely to remain weak until the Federal Reserve or banks begin expanding their balance sheets. Expanded Fed and bank balance sheets can increase market liquidity, which typically supports investment demand for risk assets including BTC and acts as a factor behind price gains.

Tether CEO Paolo Ardoino said at the recent Plan B Forum in Lugano, Switzerland, that the USDT issuer holds about 150,000 BTC on its own balance sheet. Ardoino said Tether held $132.4 billion in U.S. Treasury bills as of the third quarter, including repurchase agreements, while excess reserves nearly doubled to $7.95 billion from $4.1 billion at the end of the second quarter. Ardoino added that Tether’s global user base has surpassed 730 million, with about 30 million new wallets created each quarter. He also said Tether is building a six-layer open-source infrastructure system called "Independence Stack" spanning energy, Bitcoin mining, P2P communications, finance and artificial intelligence, and said the effort would shorten what Ardoino described as a civilizational dark age.

Decentralized cloud computing project Akash Network (AKT) announced on its official X account that Governance Proposal 346 to migrate to the Solana (SOL) ecosystem has passed. A detailed migration schedule will be disclosed later. Akash Network had previously submitted the proposal on Oct. 27 to move from its existing Cosmos-based proprietary blockchain to the Solana mainnet.

Bitwise Chief Investment Officer Matt Hougan said returns among individual cryptocurrencies have diverged sharply this year, with the average return for the top 20 tokens by market capitalization at 14% while the median return stood at -15%, according to his analysis on X. A chart Hougan shared showed that an equal-weight investment in the top 20 cryptocurrencies at the end of last year would have returned 14% so far this year, while the token in the middle of the performance ranking posted a -15% return. HYPE and NEAR were up more than 200% this year, and ZEC had gained more than 100%, while BTC was up around 10% and DOGE and ADA were down about 30% and 40%, respectively.

Extended, a decentralized perpetual futures exchange developed by a team from UK fintech company Revolut, unveiled the tokenomics for its native token XTEN via its official X account. XTEN will be used as a utility token in the Extended ecosystem, offering trading fee discounts, staking rewards, additional vault yield and referral rewards. The token will have a maximum supply of one billion, allocated as 30% for a community airdrop, 20% for the ecosystem, and 50% for founders, the team and investors. The full airdrop allocation will unlock at the token generation event, while allocations for founders, the team and investors will be locked for the first 12 months. Of the ecosystem allocation, 150 million XTEN will be used for staking rewards. Around 32.9% of total supply will be unlocked at TGE, of which about 2.9% of total supply will be held in a public wallet as an ecosystem fund, putting the maximum immediately circulating supply at 30%.