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Kraken said it restricted accounts linked to a more than $133 million cryptocurrency hack at a European Union institution, Cointelegraph reported. The exchange said the incident did not occur on its platform, but it is investigating signs that some of the stolen funds moved through Kraken. Kraken also stressed that no customer accounts or security systems were compromised. Suspected stolen funds were withdrawn from accounts at Kraken, Crypto.com and OKX, and $62.98 million in stablecoins was converted into 27,553 ETH in about four hours. Crypto.com also blocked related fund movements, while OKX is reviewing the matter.

ETHGas is developing “Institutional Blockspace,” a blockspace reservation service for banks and institutional investors, CoinDesk reported. Through the service, financial institutions can choose the validator that processes a transaction, verify compliance requirements, and reserve future blockspace. The goal is to make the timing of large transactions more predictable while having them processed on the Ethereum mainnet without a separate private blockchain.

Layer-1 blockchain Waves said WavesBridge will cease operations and all withdrawals will be halted after Nov. 30. Withdrawals for all supported blockchains and tokens will remain available through Nov. 30. Users must withdraw their assets before the deadline.

FalconX deposited an additional 50,000 HYPE, worth about $4.2 million, into Coinbase, according to Onchain Lens. Over the past three days, its cumulative deposits reached 350,000 HYPE, or about $30.57 million. Exchange deposits are typically interpreted as being intended for sale.

China and Oman have agreed to strengthen cooperation in central bank digital currencies and digital payments, Cointelegraph reported.

Binance founder Changpeng Zhao said repeated security breaches in the cryptocurrency industry could hinder mainstream adoption and called for support from the U.S. government, according to an interview with Talking Tokens. Zhao said crypto adoption would slow if security incidents continue and response systems do not improve. At the same time, Zhao said trial and error is unavoidable in the development of new technology and expressed a long-term view that technological progress and positive change would continue. Zhao added the crypto industry, including Binance, wants support from the U.S. government because it is the party able to communicate with North Korea.

TRON said a governance proposal centered on smart contract optimization has passed and taken effect. The upgrade is intended to optimize data storage handling for smart contracts to improve execution stability and the reliability of node operations. TRON said the change will support a more stable network environment for developers and ecosystem applications.

Layer-1 blockchain Sei said voting is underway on proposal SIP-6 to upgrade Sei’s consensus mechanism to Autobahn for Sei Giga.

Aventus, a blockchain ticketing infrastructure project, said it has completed restoration work on the Aventus Bridge and resumed operations. The bridge had been temporarily suspended after an exploit in August to address vulnerabilities and restore the AVT reserves needed for normal transfers. The bridge is now operating normally, and AVT transfers between Ethereum and the Aventus network have resumed.

Cryptocurrency trading platform Backpack warned of possible scams involving fake stock token airdrops and urged users to verify token authenticity using its official list of Solana mint addresses. A mint address is used to identify a token on the Solana blockchain.

BTC could fall by $10,000, international oil prices could drop to $50 a barrel, gold could decline to $3,000 an ounce, and the yield on the 10-year U.S. Treasury could fall to around 3% if the U.S. stock market undergoes a 20% correction, Bloomberg Intelligence senior macro strategist Mike McGlone said.

France’s lower house has rejected two bills that would have taxed unrealized gains on cryptocurrency holdings when investors move their tax residence overseas, Cointelegraph reported. One bill to include cryptocurrency under the existing exit tax regime was voted down 55-27. A separate bill also failed, by a 60-31 vote, that would have taxed unrealized gains when taxpayers meeting certain residency requirements relocate abroad while holding more than €800,000 ($897,000) in cryptocurrency. Discussions on crypto tax reform are continuing, however. Proposals still awaiting review would require taxpayers to report cryptocurrency held in personal wallets and other storage if the year-end value exceeds €100,000, and would exempt gains from cryptocurrency payments for goods and services of up to €1,000 a year.

Lisk said it is developing a dedicated smart contract to let users claim funds remaining on the Lisk chain. The company added that withdrawals still being processed when the chain was shut down will also be deposited to the receiving address on Ethereum.

Daily active addresses on the XRP Ledger more than doubled to 36,342 on Nov. 3 from 15,678 on Oct. 3, even as XRP remained in a downtrend, Finbold reported. Over the same period, XRP fell about 16.2% to $1.24 from $1.48, while its market capitalization shrank by about $15.2 billion. The data indicates on-chain activity increased despite the price decline.

Decentralized exchange Hyperliquid (HYPE) generated about $713 million in revenue over the past 12 months, driven by its proprietary Layer 1 blockchain and perpetual futures trading service without external venture capital backing, Crypto Briefing reported. Most of the revenue came from perpetual futures trading fees. Its monthly revenue this year ranged from $38 million to $74 million, while revenue over the past 30 days came in at $65 million to $74 million. Annualized, that implies roughly $700 million to $800 million in revenue. Separately, founder Jeff Yan identified real-world asset tokenization as the next area of growth.

Clearpool said CPOOL holders will be able to swap their tokens one-for-one for the new token CLEAR from Nov. 17, 2026, through Feb. 17, 2027. The company said CLEAR is an Ethereum-based ERC-20 token that will support governance and the protocol’s expansion to the XRP Ledger. Details on the swap tool and centralized exchange (CEX) arrangements will be announced later.

South Korea’s Ministry of Economy and Finance said no decision has been made on whether or how to tax derivatives such as perpetual futures traded on offshore virtual asset exchanges. The ministry’s statement came after Maeil Business Newspaper reported the government was moving to classify U.S. stock-linked perpetual futures traded on offshore virtual asset exchanges as overseas stock derivatives and impose an 11% capital gains tax. The ministry said the report was not true and urged caution in coverage.

Major exchanges’ Ethereum holdings fell by about 297,000 ETH, or 5.4%, after the Binance hack, according to on-chain analytics firm Santiment. The share of ETH held on exchanges relative to total supply dropped to 3.20% on Nov. 2 from 3.56% on Oct. 28. On Oct. 29, the day of the hack, about 200,630 ETH flowed out of a Binance hot wallet, but ETH holdings at major exchange addresses rose by about 39,000. After Binance resumed withdrawals on Nov. 1-2, holdings at major exchange addresses then fell by about 313,000 ETH.

Stablecoin market capitalization has fallen about 6% from $280 billion in April to $263 billion now, marking its lowest level in more than a year amid weak market demand and a lack of new liquidity inflows, on-chain analyst Darkfost said. Darkfost said Binance, where about 70% of exchange-held stablecoin supply is concentrated, also showed a decline. During a recent hacking incident, about $3 billion worth of stablecoins flowed out, and Binance’s stablecoin market cap fell from $51 billion to $34 billion on a 90-day moving average basis. Weakening market demand and sluggish new liquidity inflows were the main drivers, Darkfost said, adding geopolitical and economic uncertainty, along with a string of hacking incidents in the crypto industry, weighed on investor sentiment. A liquidity recovery is urgently needed to prevent the recent positive market trend from reversing, according to the analyst.

AguilaTrades, a well-known whale trader on Hyperliquid who has recorded losses of more than $38 million through a series of liquidations, opened a 40x leveraged BTC short position worth 93.67 BTC, or $7.19 million, according to Lookonchain. The liquidation price is $77,435.21.

Bitcoin hybrid layer-two network BOB said it has extended the deadline for ending support for wBTC.OFT on its network to Dec. 15. The period during which users can bridge the token to Ethereum has also been extended.

Weekly revenue across the DeFi ecosystem has climbed more than 3.75-fold over the past four years, rising from about $80 million to more than $300 million, Unfolded reported. Excluding stablecoin issuers, weekly revenue also surged more than 12-fold, from under $10 million to over $120 million.

WasabiCard said it has signed a strategic partnership with Japan’s SOUSHIN Ltd to combine global payments technology with the company’s local distribution network in Japan. The two companies plan to support retailers’ digital transformation and explore ways to introduce stablecoin payments at offline stores.

Bithumb announced it will temporarily suspend ALGO deposits and withdrawals at 11:00 a.m. UTC on Nov. 5.

Gabriel Shapiro, legal counsel at Delphi Digital, said privacy coins and privacy protocols are harder for rivals to replicate and bring to market than other crypto projects, as few developers are willing to risk criminal liability during development. In a post on X, Shapiro added that Tornado Cash developer Roman Storm is still on trial, and said the cypherpunk ethos and the practical value of decentralization would rise, along with the risks, as the Democratic Party’s political influence grows and the FBI pressures THORChain (RUNE). He said the legal risks are paradoxically worth considering as an investment factor because they act as a barrier to competitor entry.