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South Korea’s AhnLab Security intelligence Center, or ASEC, has identified a large number of websites posing as South Korean companies and brands, including Doosan Robotics and liquor brand Chum-Churum, to induce cryptocurrency payments, SBS Biz reported. The sites used real company logos, promotional videos and introductory materials to mimic official homepages, while offering sign-up and login features, fee-history inquiries, VIP membership functions, and cryptocurrency deposit and withdrawal functions. In online customer-service chats, the sites directed users to pay in USDT, provided a TRON wallet address, and asked users to submit transaction screenshots. In its analysis of a site impersonating Chum-Churum, AhnLab also confirmed five USDT deposits and three withdrawals involving a specific crypto wallet. All five deposits came from the same external wallet. The cumulative amount of USDT previously received by that external wallet was estimated at around 13 million USDT, or 17.3 billion won ($12.5 million).

A wallet linked to U.S. rapper Kanye West withdrew 4,000 ETH worth about $9.39 million from Binance around seven hours ago, deposited it as collateral on decentralized lending protocol Aave, and borrowed an additional 6 million USDT, according to ai_9684xtpa. The address now has about 22,504 ETH posted as collateral against roughly $31.02 million in total borrowings, with a Health Factor of 1.41. The Health Factor measures liquidation risk based on the value of borrowed assets relative to collateral, and liquidation begins if it falls to one.

KOSDAQ-listed Bitplanet plans to bring an overseas cryptocurrency company executive and an investment expert onto its board, Hans Economic reported. According to a filing with South Korea’s Financial Supervisory Service’s electronic disclosure system on Oct. 28, Bitplanet revised its notice on the convening of an extraordinary shareholders’ meeting a day earlier to add agenda items for the appointment of three new directors. The company also changed the meeting date to Nov. 24 from Nov. 20. The new board nominees are John Edwin Riggins, CEO of Moon Inc.; Richu Miti Chang, an operating partner at Sora Ventures; and Lim Jae-hyuk, an assistant professor at Ewha Womans University School of Law. Bitplanet changed its name last year from systems integration company SGA and has been pursuing a digital asset treasury strategy, or DAT, centered on holding Bitcoin as a core treasury asset.

South Korean exchange Upbit announced a temporary suspension of ZIL withdrawals at 3:00 a.m. UTC on Oct. 30 due to Zilliqa’s hard fork.

Bitcoin has pulled back to around $80,800 after its summer rebound, while investor selling has capped further gains, Bloomberg reported, citing Glassnode data. Bloomberg said investors who bought BTC over the past two years have a breakeven level above roughly $87,000, and selling at that price area blocked two rebounds this year. Afterward, BTC generally fell more than 25%. The average cost basis for spot Bitcoin ETF investors is estimated at about $81,500. With BTC trading below that level, ETF investors have moved into loss on average, and the nearest on-chain support level has also disappeared. Meanwhile, decentralized prediction market Polymarket is pricing in a 17% chance that BTC reaches $100,000 this year and a 9% chance that it reaches $110,000.

An early whale investor that bought 200,000 ETH during Ethereum’s ICO deposited 7,594 ETH worth $17.79 million to Kraken about six hours ago, EmberCN reported. The whale bought ETH at $0.311 per coin during the ICO and is estimated to have sold over the years at an average price of $1,368. Exchange deposits are typically interpreted as being intended for sale.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for STEPN (GMT), JPYC and Polygon Ecosystem Token (POL) on the Polygon network from 11:00 a.m. UTC on Nov. 3 due to a network upgrade.

An Ethereum ICO whale that bought 100,000 ETH for $31,000 11 years ago deposited 5,000 ETH worth $11.59 million into a centralized exchange three hours ago, according to on-chain analyst EmberCN. Exchange deposits are typically interpreted as being intended for a sale. The whale moved 5,000 ETH from an address beginning with 0x5A03 to another address two days ago, then deposited the funds to the exchange in several tranches. EmberCN said the whale also sold 50,000 ETH at $5.47 per coin 10 years ago and now holds 45,000 ETH worth $105 million.

Solana is moving beyond a meme coin-driven growth model and expanding into institutional finance, Bloomberg reported, citing a Galaxy Research report. Meme coins' share of Solana trading volume fell sharply to 15% to 20% in the second quarter from more than 50% at the end of 2024, while Solana’s share of the on-chain perpetual futures market dropped to 6% from 17% over the same period, according to the report. SOL is down about 20% from the start of the year, and U.S.-listed spot and staking SOL ETFs posted total outflows of around $50 million over the past two weeks in October. The Solana Foundation plans to broaden practical financial use cases such as stablecoins and tokenized assets to attract participation from Wall Street institutional investors. Bloomberg said a key question for Solana’s future growth is whether it can secure a stable base of assets, developers, and users amid a weak crypto market and the rise of rivals such as Hyperliquid.

An Avalanche-based Tranche Vault suffered about $1.01 million in losses in a flash loan attack, Odaily reported. The hacker allegedly used a flash loan to inflate the vault’s share value and then repaid it while siphoning off USDC. The attack hit vaults tied to Fence Finance and Valinor Digital, and the funds had been drained through about two transactions as of now.

An anonymous whale address beginning with 0xd06F bought 123,055 HYPE worth $10.02 million from Wintermute, Onchain Lens reported. The address had been inactive for 27 days.

The Korea Exchange triggered a buy-side sidecar as gains in the KOSPI widened. The KOSPI was trading at 5,894.75, up 4.55% from the previous session. A sidecar is designed to prevent sharp moves in the futures market from spilling over into the spot market, and it is triggered when KOSPI 200 futures rise or fall more than 5% from a reference price for more than one minute.

Spiral, Block’s open-source Bitcoin development organization, said weak demand rather than technological limitations is the main factor holding back broader BTC payment adoption. In a report published on GitHub, Spiral said payment technology such as the Lightning Network and BTC wallets has advanced significantly over the past seven years, but daily BTC usage remains limited. Holders tend to avoid spending BTC as they expect its price to rise, while merchants have little incentive to adopt BTC payments because consumer demand is low. Spiral also said major payment companies such as Stripe and Shopify are adopting stablecoins instead of BTC, while payment protocols for AI agents are effectively being built on stablecoins. If those payment methods become established in the market, BTC could face greater difficulty entering later, Spiral said. To boost BTC payment adoption, Spiral proposed supporting both BTC and dollar-denominated payments on the Lightning Network, targeting BTC payment demand in countries with unstable currencies, offering discounts and rewards for BTC payments, and developing new use cases such as micropayments based on AI service usage. Spiral also called on developers and payment companies to share additional ideas and relevant data.

CoinMarketCap’s Altcoin Season Index stood at 57, up three points from yesterday. The index, published by the cryptocurrency data platform, is calculated by comparing the price performance of Bitcoin and the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A CoinNess analysis shows the market is considered to be in altcoin season when 75% of the top 100 coins outperform Bitcoin over the past 90 days, while the opposite is classified as Bitcoin season. The closer the index is to 100, the more firmly the market is seen as being in altcoin season.

South Korean cryptocurrency exchange Bithumb is analyzing the exact scope of a personal data leak following a hack into its internal mobile system, including whether user information was affected, Yonhap News Agency reported. Bithumb said it recognized yesterday that personal data had been exposed through abnormal access by an unauthorized outside party to its internal mobile groupware system.

U.S. spot Bitcoin ETF third-quarter holdings filings are coming in faster than in the previous quarter, Alex Thorn, head of research at Galaxy Digital, said on X. According to data Thorn shared, 773 institutional investors had filed third-quarter holdings disclosures with the U.S. SEC as of Oct. 27, local time, up about 12% from 690 at the same point in the second-quarter filing period. Reported holdings so far amount to about 23,300 BTC, equal to 7.6% of the roughly 307,300 BTC disclosed by the end of the second-quarter reporting period. At the same point in that quarter, filings had accounted for 9% of the final reported total. Thorn said there are also early signs of rising spot BTC ETF holdings among long-term investors. Investment adviser SigFig Wealth Management disclosed spot BTC ETF holdings for the first time this quarter, with about $73 million in new client positions. He added, however, that the top 50 institutions by second-quarter holdings, including the top 20 that accounted for about 50% of total BTC-equivalent holdings in the period, have yet to file third-quarter disclosures. Most large asset managers and investment advisers tend to file shortly before the Nov. 16 deadline, Thorn said, adding that about 97% of all filings are expected by that date.

Whale Alert reported that 3,395 BTC has been transferred from an unknown wallet to Coinbase Institutional. The transaction is valued at about $274 million.

CoinMarketCap’s in-house Crypto Fear and Greed Index rose two points from yesterday to 45, remaining in neutral territory. A reading closer to zero signals extreme fear in the market, while a reading closer to 100 indicates extreme optimism. CoinMarketCap calculates the index based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put/call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

The spot CVD chart is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section represents cumulative volume delta, or CVD. - The upper 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 zones may act as support or resistance levels. - The lower CVD indicator reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color rises. The yellow line is based on orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million.

Nasdaq-listed DataVault AI (DVLT) has been unable to withdraw Bitcoin held at crypto exchange Biconomy for four months, while the company’s stock has plunged, Bitcoin Core developer and Casa co-founder Jameson Lopp said on X. Lopp said all of DataVault AI’s treasury funds are being held at Biconomy, and the company has requested a BTC transfer for four months without completing the withdrawal. DataVault AI said in a U.S. SEC filing on Oct. 26 that it plans to revise past financial statements over the withdrawal issue and errors in its Bitcoin accounting treatment. DVLT closed at $0.0670 on Oct. 27, down 49.55%, according to Yahoo Finance.

South Korea’s Democratic Party and the government discussed whether to further delay the planned January implementation of virtual asset taxation next year, but decided to conduct additional party-level review because of internal differences, News1 reported. Oh Gi-hyung, the ruling party’s senior member on the National Assembly’s planning and finance committee, said after a party-government meeting at the National Assembly today that some favored moving ahead with taxation after three previous delays, while others wanted further refinements on several outstanding questions, and the party would review the matter further.

Staking reward payments on Solana wallet Solflare have been suspended after a private key-related security incident at an external staking service provider, Crypto Briefing reported. The incident means Solflare validators can no longer earn new rewards or distribute them to users who delegated stake. User assets were not affected, according to the report. Solflare said delegated SOL remains in each user’s staking account and users still retain control of their assets. The incident occurred in the external provider’s key management process, not in user wallets.

Base plans to increase block production speed tenfold through its Denim upgrade in November. The goal is to cut the current block interval to 0.2 seconds from two seconds, allowing the network to produce five blocks per second.

South Korea’s Deputy Prime Minister and Finance and Economy Minister Lee Hyoung-il said the government will listen carefully to public opinion conveyed by the Democratic Party and review it fully in consultations on taxation of virtual assets, or digital assets, Digital Asset reported. Speaking at a ruling party-government policy meeting on digital asset taxation held at the National Assembly Members' Office Building in Seoul on today, Lee described it as an issue drawing significant public attention. Lee added the government has been gathering on-the-ground views from the industry and experts while reviewing concerns raised and calls for improvements to the system.

Bitcoin is once again posting stronger returns than the S&P 500, according to on-chain analytics firm Glassnode. Glassnode said Bitcoin has outperformed the S&P 500 on more trading days than it has lagged over the past few weeks. In June, Bitcoin beat the index on just one of five trading days, marking its weakest showing in more than five years. Glassnode added Bitcoin’s gains could strengthen further as investors rotate into the asset classes showing the strongest momentum.