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Kinetiq said it has built Elysium, an Arbitrum layer-two network that uses HyperEVM as its settlement layer. Kinetiq said Elysium is the first dedicated Arbitrum L2 to settle on HyperEVM and was designed to support the expansion of Hyperliquid’s DeFi and perpetual futures ecosystem. The network aims to provide applications and traders with improved trade execution conditions and performance.

Layer-1 blockchain Cosmos (ATOM) said it is contributing IBC to Interchain and LF Decentralized to help develop it into a major open standard for interoperability across digital ledgers. Google Cloud, Wells Fargo and Figure Markets support the effort.

The three major U.S. stock indices opened higher today. - S&P 500: +0.80% - Nasdaq: +0.80% - Dow Jones: +1.30%

A hacker transferred 3,500 ETH, worth about $7.42 million, to Tornado Cash, on-chain analyst EmberCN said. The hacker previously stole about $22 million worth of cryptocurrency from decentralized finance protocol Pando four years ago and, as the crypto market fell three days ago following the Binance hack, bought 7,548 ETH with 16.98 million DAI at an average price of $2,249.

BTC has entered a key range that could determine its next price direction, according to an analysis by on-chain analyst Darkfost. Darkfost said BTC has reached the 0.382 Fibonacci retracement level in what Elliott Wave theory identifies as corrective wave two, at around $74,600, and could fall as low as $71,000 if the decline extends. The relative strength index was nearing 30, a commonly watched oversold threshold, while BTC was on track to close below its 200-day moving average for a fourth straight session. Darkfost added that the 200-week moving average was approaching $70,000 and aligning with the 0.5 Fibonacci retracement level, which could make that price zone a major support area. The next few weeks are likely to be a critical turning point, and a break below that range could intensify the downtrend.

Strategy said it repurchased $188.3 million of its STRC shares using funds raised through an at-the-market common stock offering program. The company also increased its U.S. dollar cash holdings to $146 million. According to BitcoinTreasuries, Strategy has enough funds on its balance sheet to pay dividends for more than 3.4 years.

U.S. bank PNC will offer stablecoin payment services to customers through a partnership with Coinbase, Unfolded said.

Charles Schwab said it has added support for trading in Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) on its crypto trading platform Schwab Crypto. The addition expands the platform’s supported cryptocurrencies to five, including Bitcoin (BTC) and Ethereum (ETH).

LayerZero said its Zero mainnet and lzATLAS trading engine are scheduled to go live on Nov. 30. globemkts is handling product development, while LayerZero Atlas (ATLAS) will process trading for the product and provide instant settlement.

NEAR Protocol said NEAR Intents has been integrated into Talos’ order and execution management system. Talos’ institutional clients can now access cross-chain liquidity across more than 100 native assets and over 35 chains, as well as liquidity from centralized trading platforms, through their existing systems. The Talos system has processed more than $1 trillion in cumulative trading volume.

North Korean hacking groups are using self-issued memecoins to launder cryptocurrency stolen in the Binance hack, according to a report released today by blockchain analytics firm Elliptic. Elliptic said the attackers issued newly created, worthless tokens on Tron (TRX) and Near after the theft, then moved the stolen funds into decentralized exchange liquidity pools and withdrew them to other wallets. On Near, around 117,000 NEAR, or about $430,000, moved through at least six memecoins, the report said. While the method does not completely block on-chain tracing, it can delay tracking efforts, Elliptic added, and the low cost of issuing tokens means it could also be used for larger-scale money laundering.

Democratic Sen. Elizabeth Warren, widely seen in Congress as a prominent crypto skeptic and as the likely next chair of the Senate Banking Committee next year, plans to launch sweeping investigations into companies including President Donald Trump’s family crypto venture, Politico reported. A Banking Committee aide for Warren said the Trump family’s crypto business, Big Tech CEOs, administration officials and Wall Street executives should preserve relevant documents and prepare to answer intensive questions. Warren plans to use the committee chair’s authority over crypto policy and financial oversight to pursue corporate investigations and legislation. Politico said Warren also identified the rapid growth of private credit markets, the possibility of an AI bubble and tighter oversight of prediction markets as key agenda items.

Layer-1 blockchain Waves (WAVES) said a third party created blocks using abnormally inflated fees, causing some addresses to be credited with non-existent WAVES. The network was rolled back to block 5,481,020 at 11:55 p.m. UTC on Nov. 8 to remove those WAVES, and it is now operating on a new chain starting from block 5,481,021. All nodes must install v1.6.5, which contains the fix, and manually roll back in line with the release notes. Transactions made between 11:55 p.m. UTC on Nov. 8 and around 10:16 a.m. UTC on Nov. 9 may have been affected by the rollback. Users experiencing related transaction issues can contact the customer support team.

Bitmine (BMNR) officially announced it bought an additional 9,587 ETH over the past week, bringing its total holdings to 6,070,092 ETH. That amounts to 4.97% of Ethereum’s total supply of 122.2 million ETH. Of its holdings, 5,227,037 ETH, worth about $11.7 billion, is staked.

South Korean exchange Upbit announced a temporary suspension of INJ deposits and withdrawals starting from the time of its notice, citing a halt in block production on Injective.

Tron said today it has completed network integration with multichain crypto wallet Backpack Wallet. As a result, Backpack users can directly store, send and receive Tron-based assets, including TRC-20 USDT, through the mobile app and browser extension, while managing assets through self-custody.

XWIN Japan said on its official X account that losses among short-term Bitcoin holders and declining stablecoin holdings on major exchanges are the main reasons BTC price rebounds have struggled to last. According to the firm, BTC recently moved by short-term holders has, on average, been traded at a loss. As those holders continue realizing losses and stablecoin liquidity on exchanges also declines, the market’s buying power is weakening, XWIN Japan said. The firm added that the drop in stablecoin balances does not necessarily mean capital is leaving the crypto market, as funds may have shifted to DeFi, other chains, or personal wallets.

More than 700,000 self-custody wallets were created on Telegram over the past 48 hours, Telegram founder Pavel Durov said on X. Durov added that the wallet is activated as soon as a user receives GRAM, formerly TON, and emphasized, "The crypto revolution is continuing." According to CoinMarketCap, GRAM was trading at $1.06, up 0.02%, at the time of writing.

A Qatari government official said some reports on the specific terms of a negotiation proposal between the U.S. and Iran were inaccurate, Walter Bloomberg reported. The official said the U.S. and Iran were discussing the details of a potential agreement through mediators, but did not specify which reports were incorrect or disclose the terms currently under discussion.

Elysium, the first layer-two network in the Hyperliquid (HYPE) ecosystem, said through its official channel that it launched its mainnet today.

Avalanche said the core clearing and settlement layer for a planned NYSE-linked tokenized securities platform will be built on Avalanche technology. Avalanche added it plans to support the platform’s clearing firm in developing infrastructure for 24/7 trading, clearing and settlement.

Strive has bought an additional 29 BTC for about $2.2 million, CEO Matt Cole said on X. The average purchase price was $75,721 per BTC, bringing Strive’s total Bitcoin holdings to 43,153 BTC.

U.S. President Donald Trump has agreed to a proposal from Iraq’s prime minister to end the war with Iran, Saudi broadcaster Al Arabiya reported, citing sources familiar with the matter. According to the report, Iraq’s prime minister presented a plan to end the war during a phone call with Trump, and Trump responded positively. Al Arabiya said Trump also asked the Iraqi prime minister to serve as a mediator on the Iran issue and to convey related proposals to Tehran aimed at ending the war.

Strategy said it bought 1,037 BTC for $81.9 million last week, lifting its total holdings to 850,364 BTC worth $64.16 billion. The company also said it raised $283.8 million by selling 2.05 million shares of common stock, MSTR, and used $188.3 million of that to repurchase about 1.88 million shares of STRC preferred stock.

Binance Chief Security Officer Jimmy Su said during an ongoing AMA on X that the transaction-approval vulnerability exploited in the Oct. 29 hack existed on-chain and did not pass through Binance’s withdrawal system, so suspending withdrawals alone could not have prevented the outflow of funds. Su explained that revoking the attackers’ transaction approvals required a new on-chain transaction, and setting up a separate cancellation process took considerable time because Binance hot wallets use multi-party computation, or MPC, technology and the approvals could not be immediately revoked with a single private key. Su added that Binance has hired external security experts to conduct an independent, comprehensive review of the hack, verify the results of its internal investigation and propose improvements. Binance is also working with major AI companies and security firms on plans to establish a security research fund focused on blockchain- and AI-related threats.