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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.

Upbit announced it will temporarily suspend deposits and withdrawals for Base-based digital assets starting at 2:00 p.m. UTC on Nov. 5.

According to CoinGlass data, if BTC breaks above $78,054, about $684 million in short positions on major centralized exchanges could be liquidated. If BTC falls below $75,035, about $1.06 billion in long positions could be liquidated.

Arthur Hayes, co-founder of BitMEX and CEO of AI agent project Flop Labs, said Flop Labs has opened its devnet. Developers can receive test FLOP tokens to explore the network and use verified inference functions within AI agents. The project also released developer tools including a block explorer, a test token faucet, an API, MCP and an SDK.

Decentralized exchange Aster said it plans to begin the shutdown process for ApolloX’s legacy APX contract at 10:00 a.m. UTC on Nov. 3 as part of the previously announced closure of ApolloX’s web and API services. Aster said the process is expected to be completed within 48 hours, during which protocol-owned funds will be transferred to Aster through a bridge. The exchange advised users with remaining balances or open positions to close those positions and withdraw funds before the shutdown process is completed.

Bithumb announced it will temporarily suspend deposits and withdrawals of VERONA at 12:00 a.m. UTC on Nov. 4 to support a network upgrade.

Naver has obtained a U.S. patent for technology that links and centrally manages user data scattered across different online services using blockchain, Digital Asset reported. According to U.S. patent information site Justia, as of today, Naver’s “Method and System for Processing Personal Database on Block Chain” was registered as a U.S. patent on Sept. 8. The core of the technology is to connect the same user, even when that user uses different IDs across services, through a single identification key and enable its use in ad analytics and data transactions.

President Donald Trump has again endorsed pro-crypto Republican Rep. Harriet Hageman as U.S. voters head to the Nov. 3 midterm elections, Bitcoin.com News reported. Hageman is facing Democratic candidate James Byrd for the Wyoming Senate seat being vacated by Cynthia Lummis, who is not seeking re-election. Lummis, whose term ends in January 2027, has been a strong supporter of the crypto industry in Congress. Hageman also backed the CLARITY Act, the GENIUS Act and a bill to ban the issuance of a central bank digital currency, or CBDC, in the House in July last year. On Nov. 2, Trump said Hageman had his full support and would never disappoint voters.

Binance said on its official X account about 15 minutes ago that it has resumed withdrawals for the following cryptocurrencies on the Ethereum (ETH) and Solana (SOL) networks. - ETH network: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD - SOL network: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Binance added that RLUSD, USD1, TUSD, FDUSD and XUSD on the ETH network had resumed around 4:00 a.m. UTC.

Hong Kong is exploring a plan to tokenize standard 400-ounce gold bars, or about 12.4 kilograms, as part of a strategy to position itself as a global gold trading hub, Cointelegraph reported, citing the South China Morning Post. The tokens would be issued based on physical gold bars, while details on the launch timeline and issuance structure were not disclosed.