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South Korean crypto exchange Upbit announced it will temporarily suspend AKT deposits and withdrawals starting at 9:00 a.m. UTC on Nov. 6 to support the Akash Network upgrade.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.56% long, 50.44% short - Binance: 51.88% long, 48.12% short - OKX: 51.78% long, 48.22% short - Bybit: 52.5% long, 47.5% short

South Korean exchange Upbit announced the addition of Collectorcrypt (CARDS) for KRW, BTC and USDT trading at 7:30 a.m. UTC today.

South Korean exchange Bithumb announced it will temporarily suspend AKT deposits and withdrawals starting at 9:00 a.m. UTC on Nov. 6.

Privacy-focused cryptocurrency Zcash will retire Sprout, a legacy privacy pool launched in 2016, through its NU7 network upgrade, CoinDesk reported. About 12,226 ZEC worth roughly $16 million remains in Sprout, and once the upgrade takes effect, use of those assets will be restricted even for holders of the private keys, effectively freezing the funds. The upgrade is aimed at retiring Sprout’s legacy transaction format to reduce software complexity and security risks. Holders of ZEC in the pool need to withdraw their assets before the upgrade. Assuming Zcash’s average block time remains 75 seconds, the NU7 upgrade is expected to take effect at 2:30 a.m. UTC on Nov. 6.

South Korea’s National Policy Committee Chairman Yoo Dong-soo of the ruling Democratic Party said a government bill on a basic law for digital assets, including stablecoin-related measures, will be submitted to the National Assembly in November and handled as quickly as possible afterward, Edaily reported. Asked when South Korea’s Financial Services Commission would submit the government proposal, Yoo said it would be sent to parliament in November and processed as soon as possible after submission. Yoo added the government bill would be released soon and the Democratic Party plans to pass the digital asset basic law as quickly as possible once it is introduced, citing the need to protect South Korea’s monetary sovereignty in the global currency system.

Tron, Tether and Binance have disbanded T3, a joint financial crime response unit, Bloomberg reported. Slow response times and weak coordination among the participating companies were cited as reasons for the shutdown. The companies are also said not to have separately disclosed the unit’s closure. T3 launched in September 2024 and had said it froze $250 million in illicit funds while working with law enforcement agencies.

XRP Ledger fixed a security flaw that, under certain conditions, could have allowed accounts with only token-burning authority to mint new tokens, CoinDesk reported. The vulnerability stemmed from a feature that lets accounts delegate permissions to other accounts. Previously, accounts delegated authority to burn tokens such as stablecoins could in some cases also exercise minting authority, but the update separated the two permissions. The measure applies to assets issued on XRPL, including stablecoins, and is unrelated to XRP itself. No confirmed cases of real-world exploitation have been identified so far.

A South Korean court sentenced Hancom Chairman Kim Sang-cheol to one year and six months in prison, suspended for three years, over charges tied to the creation of a 9.6 billion won ($6.9 million) slush fund using cryptocurrency held by an affiliate, News1 reported. The Seongnam branch of the Suwon District Court on Nov. 5 also acquitted Kim, 73, of breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes. Prosecutors had previously sought a nine-year prison term.

U.S. spot Ethereum ETFs recorded $53 million in net inflows on Nov. 4, according to Farside Investors, reversing seven consecutive trading days of net outflows. - BlackRock ETHA: +$32.8 million - BlackRock staking ETHB: -$22.4 million - Fidelity FETH: +$19.2 million - VanEck ETHV: +$1 million - Grayscale ETHE: +$9.7 million - Grayscale Mini ETH: +$13.6 million

U.S. spot Bitcoin ETFs recorded a net inflow of $74.6 million on Nov. 4, according to SoSoValue data compiled by Farside Investors. The products turned to net inflows after a three-day outflow streak. - BlackRock IBIT: -$201.2 million - Fidelity FBTC: +$236.7 million - Bitwise BITB: +$15.2 million - ARK Invest ARKB: +$19.9 million - Invesco BTCO: +$4.0 million

On-chain trading terminal Genius said it will introduce a fee-based buyback program starting with GSTOCK. Under the plan, 20% of Genius Foundation fees generated from the GSTOCK trading pair will be used for buybacks. Other tokens with a market capitalization above $2 million can also apply for buybacks under the same model.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $308.86 million liquidated (94.18% shorts) - ETH: $217.05 million liquidated (61.46% shorts) - CL: $7.06 million liquidated (94.43% shorts)

Arthur Hayes said large-scale share overhangs following the IPOs of major AI and big tech companies such as SpaceX, Anthropic and OpenAI could also hurt the crypto market. Hayes said about 8.6 billion SpaceX shares could be unlocked by the end of June next year, potentially increasing the number of shares in circulation by around 50%. Early IPO investors in Anthropic could face dilution of about 83%, while OpenAI may also choose to gradually release shares held by employees and early investors after a listing, he said. Hayes added that weaker AI stock prices could raise funding costs, and if related credit markets tighten, U.S. dollar liquidity could shrink and negatively affect crypto markets. He said BTC and other crypto assets could benefit, however, if the U.S. Federal Reserve and other major central banks begin supplying liquidity in response to a crisis.

Bitcoin miner MARA Holdings deposited 1,650 BTC worth $132.8 million to platforms including Galaxy Digital and Copper over the past 12 hours, according to Lookonchain. The transfers suggest the company is selling part of its holdings. MARA Holdings has been selling mined and held BTC for cash this year.

Bitcoin’s cycle strength is weakening, but extreme signals typically seen at major turning points have yet to appear, according to CryptoQuant contributor CryptoOnchain. CryptoOnchain said the 30-day moving average of Bitcoin’s Cycle Extremes Index had fallen to 15.8%, entering the “Watch” and “Mild Pressure” range. Despite a significant correction, the index remains far from the activation phase tied to overheated market activity or more extreme conditions, the analysis said. Historically, the index surged around Bitcoin’s 2021 peak and during the 2024-2025 rally as market volatility and trading activity increased. By contrast, current cycle strength appears to have weakened sharply. While that suggests market pressure has eased, it does not mean the risk of further declines has disappeared. The Cycle Extreme Oscillator also supports a cautious outlook. Its 30-day moving average is near the lower end of its historical range and remains well below the 1.0 threshold that accompanied strong market moves in the past. For now, no clear cycle-extreme signal is being observed, according to the analysis. Taken together, the two indicators suggest Bitcoin is closer to an ongoing correction and slowing market activity than to a confirmed cycle bottom. The analysis added that low indicator readings alone, even after a steep decline, are not enough to conclude selling pressure has been exhausted, and that further sideways trading or another leg down cannot be ruled out before a sustained recovery.

Jeremy Allaire, CEO of Circle, announced Circle has launched a new Agentic Managed Payments feature and revamped and expanded its agent marketplace.

Whale Alert reported that 4,259 BTC has been transferred from CryptoCom to an unknown wallet. The transaction is valued at about $344 million.

The number of companies opposing the tokenized stock listings on OKXICE, a joint platform between crypto exchange OKX and Intercontinental Exchange, the parent of the New York Stock Exchange, has risen to 62 from 59. Nebius, Boeing and ServiceNow were added to the list of companies that objected.

Visa announced plans to establish six global capability centers at a new solutions center in Singapore’s Paya Lebar area. More than 1,500 specialists will take part, with a focus on artificial intelligence, agent-based commerce, digital currencies, stablecoins, programmable payments, digital wallets, alternative payment methods, cybersecurity and quantum computing. Key partners include DBS, Nium and StraitsX.

Binance announced it will resume withdrawal services for ETH, BSC, Base, TRX, MATIC, GNS, SUI and MMT starting at 4:00 a.m. UTC on Nov. 5. The affected assets on ETH are UNI, AAVE, PAXG, VIRTUAL, MORPHO, ZAMA, YFI, WLFI, COMP, LPT, NMR, SAHARA, EIGEN, LDO, EPIC, SAND, HYPER, EUL, OPEN, ENS, ANKR, ID, APE, AUCTION, RED, ARKM, MANA, BIGTIME, G, ZKP, CYBER, F, AXL, FLOKI, GRT and SYN. On BSC, the resumed assets are CASTER, PROM, UNI, 1MBABYDOGE, FIL, IOTA, GENIUS, BANK, MARSCOIN, ZIL, TUT, TWT, DEXE, MUBARAK, FLOKI, INJ, NIGHT, HOME, HYPER, AAVE, AVAX, AT, BREV and SAND. On Base, the assets are AERO, VIRTUAL, MORPHO and AVNT, while TRX includes JST, SUN and BTT, according to the announcement.

An anonymous whale address beginning with 0x52ee sold $6.357 million worth of ETH and stETH at an average price of $2,428 over the past 10 hours, according to ai_9684xtpa. The address had been dormant for a year and began selling after withdrawing the holdings from the cryptocurrency lending protocol Aave during yesterday’s ETH rebound.

Trump Media deposited 4,259 BTC to Crypto.com around 40 minutes ago, according to Lookonchain. The transfer was worth $343.67 million. Exchange deposits are typically interpreted as being intended for a sale.

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for 35 Base-based cryptocurrencies at 2:00 p.m. UTC on Nov. 5 due to a network upgrade on Base. The affected assets are Avanta (AVNT), AWE (AWE), Axis Robotics (AXIS), B3 (B3), Brett (BRETT), Chainbase Token (C), CARV (CARV), CheckMate (CHECK), Cluster Protocol (CP), Citrea (CTR), Definitive (EDGE), HeyElsa (ELSA), FLOCK (FLOCK), GoPlus (GPS), DeFi App (HOME), Impossible Cloud Network (ICNT), KAITO (KAITO), MIRA (MIRA), OX Exchange (O), OpenGradient (OPG), Puffer (POD), Wayfinder (PROMPT), Squid (QUID), Recall (RECALL), Sapien (SAPIEN), Sign (SIGN), Theoric (THQ), Toshi (TOSHI), Towns (TOWNS), Intuition (TRUST), Superform (UP), Virtuals Protocol (VIRTUAL), Venice Token (VVV), Doppler Finance (XDP), and Zora (ZORA).

French bank Crédit Mutuel Arkéa said a cyberattack led to fraudulent transfers from its accounts, and the funds were converted into cryptocurrency through a specialized platform. On-chain analyst ZachXBT had said on Nov. 2 that a Europe-based crypto company suffered a $106 million hack. ZachXBT later raised the estimated loss to $133 million. Crédit Mutuel Arkéa did not specify the exact amount lost, but confirmed the breach and said client assets were not affected.