Live Feed

Bitcoin has recovered the $80,000 level after absorbing a short-term shock tied to the U.S. midterm election results, but caution is warranted on chasing the move as futures open interest remained flat and spot inflows stayed weak, according to CoinDesk. CoinDesk said Bitcoin showed a short-term rebound, but two key drivers needed to sustain further gains were missing. First, Bitcoin futures open interest stayed around $53.4 billion, signaling no clear sign of fresh capital entering the market. Second, U.S. spot ETF net inflows totaled just $74 million, while the Coinbase premium remained negative, indicating U.S. institutional spot demand was still subdued. The recent rebound was driven largely by a broad short squeeze as Treasury yields fell and the dollar weakened. Of the $450 million in crypto short positions liquidated over the past 24 hours, Bitcoin accounted for $300 million, the highest level since Sept. 21. Analysts said that after the initial rebound led by short covering, a second leg higher would require meaningful net spot inflows. Major exchanges and research firms characterized the rally as a simple relief rally and recommended phased buying and conservative position management until U.S. labor market data and ETF fund flows provide clearer direction.

Strategy’s unrealized profit on its Bitcoin holdings stood at about $919 million as of Nov. 3, Bitcoin News reported, citing Arkham data. Strategy bought an additional 811 BTC for about $65.5 million in the final week of October, bringing its total holdings to 849,327 BTC. The value of those holdings is estimated at about $65.9 billion. However, unrealized gains and losses remain highly volatile, as the value of the holdings changes by about $850 million for every $1,000 move in Bitcoin’s price.

U.S. Bitcoin miner Core Scientific (CORZ), which emerged from bankruptcy protection in early 2024, generated $232.9 million in third-quarter revenue as it continues shifting into AI and HPC, or high-performance computing, data center leasing. According to a company announcement on Nov. 5 local time, total third-quarter revenue jumped 41.8% from $164.2 million in the previous quarter. The company said its high-density colocation business drove the revenue increase. After colocation revenue in the second quarter reached $136 million, more than six times its self-mining revenue of $21.5 million, leasing revenue tied to AI power supply again led performance this quarter.

A wallet linked to the Ledger hacker transferred another 885 ETH, worth about $2.14 million, to crypto mixing protocol Tornado Cash about two hours ago, according to Lookonchain. Tornado Cash is a service that mixes cryptocurrency transaction records, making fund flows harder to trace.

Calls are growing in the crypto industry to adopt traditional finance risk controls such as trade reviews and settlement delays after the recent Binance hack, Bloomberg reported. Tianzheng, CEO of crypto hedge fund Third Eye, said the industry could consider shortening the traditional T+1 settlement cycle to T+1 hour. A set settlement delay and review process could help limit hackers’ ability to move funds quickly, Tianzheng added. Joshua Lim, FalconX’s co-head of markets, said more clients are unwilling to simply accept the risk that trades cannot be reversed as institutional participation increases.

A post on DeFi protocol Balancer’s official X account said its author found more than $500,000 in user funds over the past few weeks that had been left behind and forgotten on Balancer. The funds were held in Balancer v3 buffers, legacy v2 liquidity mining rewards, and unclaimed protocol fees following the end of veBAL, according to the post. In Gnosis, 128,000 unclaimed LDO was identified. The author said reachable fund owners had been notified, and most had begun withdrawals.

Hong Kong’s government said asset tokenization totaling HK$230 million ($29.5 million) had been completed through its blockchain and digital-asset pilot subsidy program as of June this year. Joseph Chan, acting deputy secretary for financial services and the treasury, said the program had supported nine pilot projects covering real-world asset tokenization, payments and stablecoin infrastructure, security and risk management, and decentralized identity verification.

Shares of Bitcoin mining companies that shifted toward AI data center infrastructure fell an average of 35% in October and now appear oversold, CoinDesk reported, citing an analysis by asset manager VanEck. VanEck said concerns over debt burdens at GPU leasing companies such as CoreWeave had spread to power infrastructure providers including Hut 8 and Core Scientific, but argued the sell-off did not properly reflect those companies’ fundamentals. The firm added power supply remains the main constraint on AI infrastructure expansion and said existing lease contracts have not been canceled. Given the cash flow tied to long-term contracts, current share prices are significantly undervalued relative to corporate value, VanEck said.

Hong Kong is actively encouraging qualified global virtual-asset trading platforms to seek licenses as it steps up efforts to strengthen its regulatory framework as a Web3 hub, according to Hong Kong Wen Wei Po. Joseph Chan, acting secretary for financial services and the treasury, said international virtual-asset exchanges can apply for a virtual asset service provider, or VASP, license at any time as long as they meet Hong Kong’s legal requirements and Securities and Futures Commission, or SFC, rules. Chan added the SFC and Invest Hong Kong are in regular contact with leading global exchanges to promote Hong Kong’s regulatory infrastructure and market opportunities. Separately, Chan said the SFC plans to formally submit a revision to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, or AMLO, to the Legislative Council by year-end.

High-throughput smart contract Layer 1 blockchain IOST announced a mandatory upgrade to mainnet v4.10.0. All node operators must complete the upgrade before the network reaches block height 480080000, which is expected at 11:45 p.m. UTC on Nov. 10.

Thailand’s Securities and Exchange Commission has filed a criminal complaint against BG Limited, the operator of crypto exchange Bitget, over allegations of operating without a license, Cointelegraph reported. The regulator said Bitget provided cryptocurrency trading services in Thailand without authorization from 2022 to 2025 and collected trading fees. It added Bitget promoted its services through a Thai-language website and social media. The Thailand SEC also said it asked the country’s Ministry of Digital Economy and Society to block access to Bitget’s website, mobile app and other channels starting Dec. 5.

A liquidity pool tied to BNB Chain-based DeFi protocol TENDRIL suffered a flash-loan exploit, resulting in losses of about $556,000, BlockSec reported. The attacker used a USDT flash loan worth about $30.64 million to distort the liquidity ratio in the TENDRIL/USDT trading pair. Subsequent swaps were then executed at the manipulated price ratio, rapidly draining the pool’s remaining 4.42 million USDT reserve. After immediately repaying the loan, the attacker walked away with a net profit of about $308,960.

Digital asset insurance platform Soter Insure has secured strategic investment from major traditional financial institutions including SC Ventures, a fintech and venture investment arm of Standard Chartered, and Japan’s SBI Group, according to an announcement by Soter Insure on Nov. 5. Existing investor Token Bay Capital also made a follow-on investment. The Series B round was previously led by Galaxy Digital and included participation from Coinbase Ventures, Franklin Templeton and Brevan Howard Digital. The total amount raised was not disclosed.

Solana-based DeFi lending protocol Loopscale said on X it has temporarily halted operations in response to ongoing hacking attempts. Loopscale said its API had faced more than 30,000 malicious requests per day over the past week, prompting the shutdown to prevent losses. The attacks mainly targeted the SOL and USDC Genesis vaults, while assets in those vaults were replenished and no user deposits were lost. The protocol said it will not fully resume normal operations until it finishes assessing the scope of the attack and strengthens security measures, but plans to restore its interface and loan repayment functions soon to reduce forced liquidation risks.

Binance’s XRP reserves rose by about 280 million tokens over two days, climbing from 2.35 billion on Nov. 3 to 2.63 billion on Nov. 5, The Crypto Basic reported, citing CryptoQuant data. The move came after a major hack on Oct. 29. Binance’s net flow of large XRP transfers also reversed, shifting from a net outflow of 226 million on Oct. 29 to a net inflow of 273 million on Nov. 4, according to the report.

Lido said it has added a token swap feature to its user interface, allowing users to directly swap tokens on the Ethereum, Arbitrum and Base networks within the Lido UI. The feature is powered by CoW Swap.

USDT was trading at a premium of more than 13% against Paraguay’s fiat currency on Bybit, according to The Defiant on Nov. 5. The move was seen as reflecting a supply-demand imbalance after the closure of local lender Ueno Bank, which left funds tied up in the traditional financial system and drove local depositors and investors to rush into the dollar-pegged stablecoin to preserve assets.

A wallet linked to Trump Media transferred 4,259 BTC, worth about $342 million, to Crypto.com, CoinDesk reported, citing Arkham data. It was the third BTC transfer this year from a Trump Media-related wallet to Crypto.com. Trump Media had previously said similar transfers were for asset custody management, not a sale.

South Korean exchange Bithumb announced it will temporarily suspend NEAR deposits and withdrawals at 3:00 a.m. UTC on Nov. 6 to support a Near Protocol network upgrade.

Kazakhstan has invested a total of $100 million in cryptocurrency investment funds, including Brevan Howard Digital, the digital-asset investment arm of global hedge fund Brevan Howard, Bloomberg reported.

Binance said it deleted all API keys linked to external platform SignalPlus as an immediate precaution after SignalPlus reported a potential security issue. Binance added its own systems were not affected and user funds remain safe. The exchange advised SignalPlus users to log in directly to their Binance accounts to review positions and open orders. Binance also recommended waiting to reconnect API keys until SignalPlus confirms a full resolution and keeping IP whitelisting enabled at all times.

Strategy is estimated to have raised enough capital through its perpetual preferred stock STRC to buy more than 120 BTC yesterday, according to Bitcoin Treasuries. Bitcoin Treasuries said the fundraising suggests STRC-based financing for Bitcoin purchases has become active again after about 170 days.

Nasdaq-listed TRON bought an additional 155,372 TRX, according to Onchain Lens. The purchase was worth about $49,470 at an average price of $0.3218 per token. Following the buy, TRON’s cumulative TRX holdings exceeded 722.10 million.

JPYC said it has identified phishing emails impersonating the company and directing users to fake websites to steal login information and other data. It added the sender address could be spoofed even if it appears to be a company email address, and urged users not to open links or attachments in suspicious emails.

U.S. financial authorities have begun an urgent review of the banking sector after Binance’s $6.3 billion hack, the largest on record, to prevent crypto-related security risks from spilling into traditional finance. According to Reuters, the Fed and the Office of the Comptroller of the Currency have been contacting major commercial banks since earlier this week to assess any signs of system abnormalities or service disruptions. The move is aimed at preemptively blocking the fallout from a major security breach at a crypto exchange from spreading to banking networks. Large U.S. banks are now conducting detailed internal diagnostics to identify vulnerabilities that could expose them to similar attack methods. At one major bank, the cyber security team has been in direct contact with Binance and is preparing an internal report analyzing the attack vector, with plans to overhaul its security infrastructure based on the findings. Binance also said it has been communicating with regulators in multiple countries in real time.