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Leverage in the crypto futures market has expanded as Bitcoin selling pressure continues, Glassnode said. Market data showed Bitcoin open interest rose by about $1 billion during U.S. trading hours as the price fell, followed by another increase of nearly $500 million during U.S. trading hours on Nov. 6. Funding rates briefly edged lower before turning higher again, and Glassnode said the move suggests investors with long positions are starting to re-enter.

Brazilian digital bank Nubank, also known as Nu Holdings, has temporarily suspended cryptocurrency deposits and withdrawals in Brazil due to an issue involving an external service provider, local media reported. Nubank said all assets and information remain secure, the issue is unrelated to its own infrastructure, and other crypto services, including trading, remain available. The bank did not disclose the partner’s name or the number of affected customers.

Bitcoin could rise to $120,000-$150,000 by the end of 2027 if liquidity conditions improve and sustained institutional demand returns, Utkarsh Ahuja, founder and managing partner at crypto-focused investment firm Moon Pursuit Capital, said in an interview with Crypto Briefing. Ahuja said the market is currently unstable and described the rally on Nov. 4 as a mix of relief buying, short covering and improving sentiment as political uncertainty after the election eased somewhat. But on Nov. 5, selling pressure reemerged across crypto and broader financial markets, quickly reversing the rebound, Ahuja said. He added the market had likely already priced in to some extent the possibility of a Democratic Party victory and cautioned against interpreting either the rally or the subsequent decline as a direct result of the election outcome. With rate expectations and overall risk appetite still unsettled, additional weakness could emerge in November, according to Ahuja.

Base said PAXG is now available on Base. Paxos said the move brings regulated gold into DeFi, including its use as collateral through Coinbase Borrow.

Galaxy Digital Head of Research Alex Thorn said Democratic control of both chambers of Congress is likely to make it harder to pass key cryptocurrency legislation. Thorn said House Democrats have announced plans to pursue a comprehensive crypto market structure bill, but meaningful legislative progress is unlikely.

Layer-3 network ZKLink asked Optimism to help freeze funds tied to an attack on its OP escrow. ZKLink said its OP escrow was attacked on Oct. 29 and that the stolen 224,133 OP remains in a specific address without being moved.

Whale Alert reported that 200,000,000 USDS has been transferred from Sky to Poloniex. The transaction is valued at about $200 million.

Whale Alert reported that 300,000,000 USDC has been transferred from an unknown wallet to Aave. The transaction is valued at about $300 million.

Whale Alert reported that 200,000,000 USDC has been transferred from an unknown wallet to Aave. The transaction is valued at about $200 million.

Morpho said Coinbase app users can access Morpho-powered loans backed by tokenized gold. Millions of users can borrow stablecoin liquidity against Paxos tokenized gold on the Base network without leaving the Coinbase app.

Privacy-focused blockchain Horizen said it has shut down its L3 and plans a new start on Base soon. The snapshot has already been completed. ZEN and ETH that remained on Horizen L3 after the shutdown because users missed the migration deadline will be returned to users on Base in November by Horizen DAO, it said.

Layer-1 blockchain Algorand (ALGO) said it will indefinitely suspend its community grant program xGov from Dec. 6 as it focuses on a sustainable, revenue-generating network model. Algorand also said it will indefinitely halt Project King Safety, its roadmap for improving network operations, and is no longer considering previously discussed measures including removing the ALGO supply cap, inflation-based incentives, enabling and capturing maximal extractable value (MEV), and raising the minimum transaction fee. At the same time, it added that usage-based transaction fees could still be introduced or adjusted, such as fees applied to transactions signed by Falcon-1024 post-quantum accounts. Algorand emphasized that its earlier pledge to extend staking rewards through January 2028 remains in place.

Aave Labs has acquired the team and technology of Avon, an on-chain fixed-rate lending company, according to the AAVE lending protocol. Aave Labs is expanding on-chain lending for the broader public, and Aave said the Avon team brings expertise in protocol engineering and market structure.

Blockchain oracle project API3 said staking rewards have officially ended after major Proposal 17 passed. API3 held in wallets carries the same voting power on Snapshot as staked API3, and while unstaking remains optional, keeping tokens staked no longer offers any reward or voting advantage.

According to CoinNess market monitoring, BTC has fallen below $75,000. BTC is trading at $74,970.76 on the Binance USDT market.

Users’ personal information was exposed in a data attack at Gnosis Pay, according to Solid Intel. The leaked data includes home addresses, card details and wallet information. Gnosis Pay said the breach occurred in the B2C business system supporting its branded cards and announced plans to shut down that B2C platform on Dec. 20. It added that no customer funds were lost.

Injective said its CEO rang the Nasdaq opening bell alongside Canary CEO Steven McClurg to mark the launch of INJC, an INJ staking exchange-traded fund.

ZEC has risen by 3.26% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,362.32.

A final U.S. Labor Department rule that would open the door to adding Bitcoin, other digital assets, private equity and real estate as investment options in 401(k) plans has entered White House review, Bloomberg Law reported today. According to Bloomberg Law, the U.S. Department of Labor formally submitted its final "Safe Harbor" rule on fiduciary liability to the Office of Information and Regulatory Affairs, or OIRA. The measure would reduce trustees' litigation risk when adding alternative assets to retirement plans. OIRA review is typically the final stage of the rulemaking process and signals publication in the Federal Register could be near within weeks. Under the rule, legal protection would be available if pension managers, or fiduciaries, meet six requirements tied to performance, fees, liquidity, valuation, benchmarks and complexity. The change is expected to significantly lower lawsuit risk tied to adding alternative assets, broadening flexibility for retirement plan providers that had previously avoided crypto and private-market assets under the Labor Department's conservative guidance.

Solana co-founder Anatoly Yakovenko said on X, "Democrats are going to direct all the rage at crypto because no one actually wants to stop building more data centers. Get ready to be the sacrificial lamb."

The U.S. Treasury Department and the Federal Reserve announced they will withdraw a 2020 proposal to lower the recordkeeping and information-sharing threshold for cross-border fund transfers to $250 from $3,000, The Defiant reported. The proposal would have required banks and nonbank financial institutions to collect, retain and transmit information on small transfers originating outside the United States or sent abroad, according to The Defiant. With the withdrawal, the existing $3,000 travel rule threshold will remain in place.

Bitcoin hardware wallet maker Foundation disclosed details of a system breach that exposed customer information after hackers exploited vulnerabilities in its self-hosted Cal.com booking system and Bank-Vaults to steal credentials and access customer data and the company’s email system. The attack began on Oct. 21, and the hackers tried to send more than 23,000 phishing emails through Foundation’s official email address on Oct. 25, targeting 21,463 email addresses. The exposed data included customer names, addresses, phone numbers, order histories and partial payment card information. The hackers later used the stolen customer data in phone scams seeking victims’ Bitcoin seed recovery phrases. Foundation said employee accounts and devices were not compromised and assets stored in its Passport hardware wallet remain safe. The company added it plans to reduce its use of self-hosted servers and shift to externally managed services.

Binance co-founder Yi He said on X that a zero-knowledge proof for Binance’s proof of reserves is ready, adding that users can verify whether their account balances are backed one-to-one by assets. Yi He also said there may be a time lag between completion of the zero-knowledge proof and user verification, depending on the size of the assets.

An anonymous whale that had been inactive for more than a year bought 3,009 BTC worth about $228 million, according to Lookonchain.

Real Vision crypto market analyst Jamie Coutts said Bitcoin has key support at $75,000 and resistance at $87,000, according to a post on X. Coutts said there is a price gap below $75,000 extending to the mid-$60,000 range, and a move into that zone would turn major trend indicators lower. He added that a breakout above $87,000 would confirm an August trend reversal in technical indicators and on-chain data.