Nov 4 Wednesday
Veda, Aave Labs, and Kamino Foundation submitted a detailed legal framework to the SEC on October 26, analyzing how federal securities laws apply to decentralized lending protocols and non-custodial vaults. The framework argues that the analyzed arrangements do not constitute investment contracts or notes, and the vaults are not investment companies, while requesting a meeting with SEC staff.
Gate has launched Taiwan stock trading, initially covering 19 TWSE-listed stocks such as TSMC and MediaTek, spanning semiconductors, AI servers, electronics manufacturing, and finance. Users can trade directly with USDT via their Gate stock account, with prices and holdings displayed in TWD and fees deducted in USDT, during the regular session from 09:00 to 13:25 (UTC+8).
Spot silver declined 1% during the trading session, according to Gate market data. The metal was quoted at $49.28 per ounce.
An address identified as 0x2ff…D661e withdrew 1,306 ETH, valued at approximately $2.99 million, from Coinbase three hours ago. The withdrawal occurred at a price of $2,286.68 per ETH, following another downward move in the asset's price, according to on-chain analyst Ai Yi.
A Democratic candidate won a Senate seat in South Carolina, marking a significant upset in the 2026 midterm elections. The results of key congressional races, including those involving crypto-backed candidates, are being watched for their potential impact on digital asset regulation.
On-chain lottery protocol Megapot will shut down its official app and Telegram app on December 1, redirecting efforts to enterprise raffle platform Prizerail. The protocol remains fully on-chain and permissionless, with existing applications and tokens continuing to operate, while users must withdraw balances and claim certain bonuses before the deadline.
Yeti0x converted approximately $2.49 million worth of kHYPE into HYPE and transferred the tokens to Hyperliquid. The address subsequently began selling the assets on the platform's spot market, according to OnchainLens monitoring.
Blockchain investigator ZachXBT has identified a French bank as the alleged victim of a cryptocurrency theft that may have resulted in losses exceeding $133 million. The bank has not confirmed its involvement in the incident.
Robin Markets has announced the shutdown of its V1 yield product, citing lower-than-expected adoption and issues with position matching and yield sources. The team will phase out the current version while existing products continue to operate until a new version launches by the end of the year.
Initial vote counts for the U.S. House elections show several candidates supported by the crypto industry leading, including Josh Gottheimer and Rob Menendez in New Jersey, and Lucy McBath, Brian Jack, Amanda Hollowell, Austin Scott, Jasmine Clark, and Clay Fuller in Georgia. Kevin Wysocki, policy head at Anchorage Digital, noted that Kentucky's 6th Congressional District is worth watching, as a Democratic win there could signal tougher prospects for Republicans.
According to Gate market data, the US Dollar Index (DXY) fell 0.5% intraday to 101.34. The USD/JPY pair also declined 0.5% intraday, trading at 157.87.
A wallet created three months ago withdrew 69.125 million PONS tokens, worth about $13.97 million, and 5,887 ETH, worth about $13.45 million, from OKX over the past 12 hours, according to Lookonchain monitoring. The transactions were executed within the 12-hour window.
Haipo Yang, Founder of CoinEx, stated that the Binance security breach resulted from avoidable operational failures, including lack of environment isolation, insufficient two-factor authentication, and ineffective multi-signature verification. He emphasized that multisig mechanisms require signers to independently validate transactions rather than blindly signing upstream requests.
Mercado Bitcoin disclosed a security incident on November 2 in which approximately $38 million in digital assets were stolen, while Arkham Intelligence analyst Emmett Gallic estimated suspicious transfers exceeding $46 million. The exchange stated users will not suffer asset losses, suspended deposits, withdrawals, and platform services, and has frozen $11 million in assets with Tether, Circle, Paxos, BRL1, and Chainalysis.
According to Coinglass data, Binance saw a net inflow of 2.086 billion USDT over the past 24 hours. The exchange's significant inflow indicates substantial user deposits during this period.
A whale is holding a short position worth approximately $25.43 million on Anthropic pre-market contracts on Hyperliquid, according to Ember Monitoring. The whale continues to add to the position.
Ark Invest, led by Cathie Wood, purchased 12,835 shares of Circle Internet Group worth approximately $965,000. The firm also sold 37,754 shares of Bullish valued at about $867,000, with both stocks rising on the day.
Bubblemaps refuted allegations by X user jujudog69, who claimed to be a former employee, that the platform had a secret agreement with Proxima to help bundled buyers evade detection. Bubblemaps stated the contract was AI-generated and forged, citing inconsistencies such as the user not being a former employee and the CEO email being fabricated.
According to Catcher Predict monitoring, the 'Yes' option for Gina Hinojosa (D) in the 'Texas Governor Election Winner' sub-market on Polymarket jumped from 46.5% to 78.5% within an hour. Users are advised to watch for related breaking news.
Moffett AI, a Shenzhen-based AI inference chip company, has completed a C+ funding round of nearly 1 billion yuan from investors including Renai Capital, Haitang Fund, Dongheng Petroleum, Biqiu Capital, Paila Capital, and Zhongcai Capital. The funds will support software and hardware upgrades for sparse-dedicated inference chips, next-generation chip research, and industry-academia collaboration, bringing cumulative funding to nearly 2 billion yuan across two rounds in about five months.
OKX Founder Star Xu stated that many marketing包装 and performances are ultimately exposed as poorly managed operations. He highlighted a reported $6.3 billion security incident that began with an employee falling for a fake job interview trap, affecting two other employees and potentially involving internal AI tools, and warned that an overly marketing-oriented corporate culture can be extremely dangerous as security, responsibility, and compliance should always come before marketing.
On-chain investigator ZachXBT disclosed that Crédit Mutuel Arkéa, a French banking group with about $235 billion in assets, is the financial institution allegedly affected by a crypto theft exceeding $133 million. The suspected attacker withdrew USDC and USDT from multiple centralized exchange accounts, swapped them into ETH and privacy coin XMR, and transferred funds across multiple blockchains.
The House of Stake, NEAR Protocol's governance body, passed proposal HSP-029 with approximately 99.96% support and 3.29 million veNEAR in voting power. The proposal, initiated by SVRN CEO Sal Ternullo, will gradually reduce the annual token issuance cap from 2.5% to 1.6% over 24 months, pending approval from the House of Stake security committee and a roughly 90-day preparation period before validator upgrades.
Markus Thielen, founder of 10x Research, expects Bitcoin to first pull back to the mid-to-high $70,000 range before rebounding to $90,000 by year-end. He also believes Bitcoin will outperform Ethereum.
Adam Fry, Consumer Product Lead at OpenAI, stated at a media event that ChatGPT handles search queries equal to 20% of Google's search volume, defining search as user queries triggering web searches. He also discussed advertising, noting that ads do not negatively impact the product and most users seem unbothered, as OpenAI plans to show sponsored product images in ChatGPT amid a potential IPO early next year.
Ethereum co-founder Vitalik Buterin warned at Devcon 8 that AI poses new threats to security and privacy while also helping to find vulnerabilities. He questioned hardware wallet security, cautioned against crypto investments based on social media posts filled with bots and manipulated content, and called for decentralized, verifiable technologies and zero-knowledge proofs to protect personal data, advising companies to avoid collecting unnecessary information.
Grayscale Research Head Zach Pandl stated that an October 19 hack targeting over $6 billion at Binance pushed 2026 industry security losses above $8 billion, yet security losses as a proportion of total crypto market capitalization have declined substantially over the long term. Binance has covered 95% of affected assets, while stablecoin issuers Tether and Circle helped freeze about $2.9 billion of stolen funds, roughly 45% of the total, which is expected to be returned to Binance.
Live coverage tracks key congressional races and crypto-backed candidates. The results could influence digital asset regulation.
Bybit Co-founder and CEO Ben Zhou said the exchange shifted from preventing attacks to assuming they will happen, minimizing damage, and ensuring survival. He noted Bybit built a banking-grade hardware wallet system requiring physical staff presence to unlock the HSM, but most projects still rely on third parties due to cost and time.
According to Coinglass data, if Bitcoin falls below $73,339, cumulative long liquidation intensity on major centralized exchanges would reach $1.533 billion. Conversely, a breakout above $80,983 would trigger cumulative short liquidation intensity of $1.116 billion.
Ethereum Foundation researcher Justin Drake announced that leanVM, a minimal zkVM for aggregating hash-based post-quantum signatures into compact proofs, has achieved end-to-end formal verification and can process over 1,000 leanXMSS aggregations per second. At Devcon 8, Drake set December 2028 as the target for Ethereum's full post-quantum transition, a goal rather than a commitment that depends on the open-source leanVM, leanXMSS, and leanSpec projects.
The Open Standard governance organization for the OpenUSD stablecoin will charge a 0.1 basis point management fee on payment volume, capped at $0.01 per transaction. Reserve yields are distributed to partners, who can also earn project equity based on OUSD holdings and fund flows, with eligibility requiring at least $50 million in holdings and a maximum 5% stake per partner.
Block reported third-quarter gross profit of $3.24 billion, exceeding analyst expectations, and raised its full-year 2026 gross profit outlook to about $12.6 billion. The company also disclosed a $230 million bitcoin investment loss, an increase in operating expenses to $2.8 billion, and a proposed non-prosecution agreement with the U.S. Department of Justice related to an anti-money laundering investigation involving a net payment of about $764 million.
A lawyer for 1inch stated that US regulatory agencies are expected to lead cryptocurrency policymaking as midterm elections take place. Crypto executives anticipate that regulators will continue to shape crypto policy regardless of the election outcome.
The White House distributed internal messaging materials to government officials and outside supporters, stating that President Trump and Vice President Vance have held over 50 rallies since the Republican National Convention in September and that Republican electoral prospects have improved compared to four weeks ago. The materials also promote the administration's immigration, public safety, and economic policies while criticizing six Democratic candidates, a move seen as emphasizing Trump's campaign efforts ahead of potentially unfavorable election results.
Solana Mobile has launched a buyback and burn program for its SKR token, running since October 15, 2026, with 1.2 million SKR destroyed so far. Revenue from Solana Mobile validators, Seed Vault wallet swaps, and the USDC Earn Vault is used to purchase SKR on the open market and burn it on-chain, with no additional yield paid to holders or stakers.
Arbitrum announced that Aero, a decentralized exchange, has ranked among the top three DEXs on the chain by daily trading volume after 12 days of launch. The achievement highlights Aero's rapid adoption on Arbitrum.
The KOSPI Composite index opened at 5,786.13 points, up 2.4% from the previous close of 5,648.79. The data was reported by Rootdata.
THORChain has restored trading on Bitcoin, Ethereum, and several other networks following a refund bug, while three chains remain paused. The native token RUNE rallied 15% as most swaps resumed.
A buy order for about 200.16 BTC, worth roughly $15.49 million, was placed on OKX's Bitcoin perpetual contract at $77,399, about 0.06% below the mid price of $77,443. Near-term buy orders on the exchange total about $37.09 million versus $16.08 million in sell orders, resulting in a net buy surplus of approximately $21.01 million, or 39.52% of total depth.
Kim Yo Jong, General Affairs Minister of the Workers' Party of Korea, stated that North Korea does not view the Binance hack as an isolated incident but as an extension of Washington's hostile policy, and suggested that dialogue does not necessarily serve the country's interests. She hinted at possible strong countermeasures, following her earlier remarks that related accusations were political provocations and absurd rumors, while President Trump said he would communicate with North Korea if it is behind the hack.
According to Catcher Predict monitoring, the probability of 'Yes' for the event 'Republican Senate swing state win' on prediction market Polymarket jumped from 32.5% an hour ago to 48.5%, a 16 percentage point increase. Traders are advised to watch for breaking news that may affect the market.
Yang Haipo, founder and CEO of CoinEx, stated that the Binance security incident exposed three avoidable failures: lack of isolation between development and production environments, insufficient two-factor authentication in operations, and ineffective MPC multi-signature verification. Binance's preliminary investigation reported that approximately $6.34 billion in digital assets were affected, with $2.85 billion frozen or intercepted, and the FBI attributed the attack to North Korea.
SpaceX plans to carry out the USSF-317 mission using a Falcon 9 rocket at Launch Complex 4E at Vandenberg Space Force Base. The launch is scheduled for November 12.
The National Futures Association has approved PM Derivatives LLC, a subsidiary of Polymarket, as a futures commission merchant, with the company meeting all registration requirements. However, the subsidiary must obtain approval from the Commodity Futures Trading Commission before it can actually conduct futures brokerage business, and the CFTC is still investigating Polymarket.
Live coverage tracks congressional races and crypto-backed candidates. Results may influence digital asset regulation.
Binance does not hold cyber insurance, and external commercial insurance is expected to cover only a limited portion of losses from the hack involving approximately $6.3 billion in stolen assets. The exchange currently maintains directors and officers liability insurance, which may provide some protection for regulatory investigations and lawsuits against directors or officers but does not directly cover stolen crypto assets.
The $6.3 billion Binance hack demonstrated how quickly cryptocurrencies can vanish on blockchain rails. Tokenized securities may provide better recourse than crypto after a theft, but their markets can still break down under stress.
The article provides a daily roundup of news and events affecting Bitcoin price, blockchain technology, DeFi, Web3, and cryptocurrency regulation. It covers the latest trends and developments in the crypto space.
On-chain analyst @FabianoSolana reported that funds from an FBI-flagged Solana wallet were dispersed through temporary addresses, deposited into Jupiter Lend, and later withdrawn before being converted to USDC and bridged via Circle. Jupiter COO Kash Dhanda stated that the attackers only made deposits and withdrawals on Jupiter Lend, and the fund trail remains traceable through LP tokens, disputing claims of laundering.
Addresses linked to the Binance hacker have begun laundering stolen funds via mixing tools, with approximately $800,000 processed so far. One associated address deposited 8,567 SOL, worth about $798,000, into the Solana privacy mixer Privacy Cash.
Block disclosed in a regulatory filing that it reached an agreement in principle with the US Department of Justice in October over its anti-money laundering compliance, with the DOJ deferring prosecution for three years on allegations the company failed to maintain an effective AML program and violated the Bank Secrecy Act. The deferred prosecution agreement, which still requires court approval, carries a total amount of about $964 million and a net payment of about $764 million, after Block recorded $526 million in June and raised the accrual to $764 million by the end of September.
The CEO of AMD expects the company's data center business revenue growth to accelerate in the fourth quarter. Full-year revenue for the segment is projected to more than double compared to 2025.
According to Catcher Predict monitoring, on the prediction market Polymarket, the 'Yes' option for the sub-market 'Any Player Pentakill' in the 'LoL: Top Esports vs Invictus Gaming World Championship Playoffs' event has seen a sharp fluctuation, plummeting from 49% an hour ago to the current 20%, a drop of 29 percentage points. Users are advised to note the impact of related breaking news.
A group backed by Citadel Securities and other firms sued the U.S. derivatives regulator for opening a path for perpetual futures that it argued belong in the SEC's hands. The lawsuit follows the CFTC's clearance of a crypto version of the product.
SpaceX has joined other issuers in objecting to OKXICE's tokenized trading, which offers tokens tied to its shares. The objection comes months after crypto platforms began offering such tokens, highlighting growing tensions over tokenized stocks.
The SELF App daily prize draw is set to close in four hours, offering 5,000 SELF tokens to the winner. Users accumulate entries by keeping the app open each minute, with additional weekly and monthly prizes of 50,000 and 200,000 SELF respectively.
The US Dollar Index increased by 0.15% on November 4, closing at 101.867 in the foreign exchange market. At the close, the euro traded at 1.119 dollars, the pound at 1.3415 dollars, and the dollar at 158.73 yen, among other currency rates.
According to Gate market data, the BTC/USDT pair is trading at $78,007.4. The price has risen 1.37% over the past 24 hours.
CrowdStrike introduced an AI Kill Switch that can terminate unauthorized agents via a gateway. The company also plans to acquire Fiddler AI to enhance agent observability.
AMD reported third-quarter 2026 revenue of $13.377 billion, compared with $9.246 billion in the same period last year. The result topped the market expectation of $13.09 billion.
Oracle rose 5.8% as the Nasdaq gained 0.83% and the S&P 500 added 0.37%, while the Dow fell 0.38%. Micron, SK Hynix, Nvidia and AMD also advanced, Apple dropped nearly 2%, and the Nasdaq Golden Dragon China Index edged up 0.21% with JD.com up 2.3%.
Advanced Micro Devices (AMD) is scheduled to report its financial results after the US stock market closes. The announcement was reported by ChainCatcher.
The U.S. Securities and Exchange Commission staff has granted no-action relief for the minting of Canton Coin. The SEC division determined that Canton Coin should be treated as a digital commodity, citing its network utility and the absence of a centralized entity exercising control over the network.
SELF has released its iPhone app on the App Store, following the recent launches of its Chrome Extension and Desktop App. The wallet and rewards features remain available only on browser and desktop platforms.
The Sui Basecamp 2026 Creator Challenge attracted 390 creators from 39 countries, who submitted 644 entries across 8 tracks. A total of $30K in prizes was awarded to 14 winners.
Ankr has implemented a fast confirmation rule for Ethereum transactions on its RPC service, reducing confirmation time from about 13 minutes to 12 seconds. The company reports that no fast-confirmed block has been reversed in a year of replayed mainnet history.
Bullish has selected Aptos as one of its first network partners for equity tokenization. The service uses issuer-sponsored tokenized shares, with ownership records maintained by the transfer agent.
STON.fi now allows users to receive USDT instead of the original token for rewards from its cross-chain campaign. The selection period for this option closes in two weeks.
The SIP-6 proposal for Sei Network has reached quorum, enabling validators to propose transactions concurrently rather than sequentially. Activation of Autobahn requires completion of public testnet validation and security audits, with deployment contingent on testnet performance and audit results.
The Bell upgrade for Stellar has been deployed on testnet, with a mainnet vote to follow. It requires wallets and indexers to update software and introduces optional post-quantum signature verification for smart contracts.
Employees at OpenAI warned management before ChatGPT's launch that overly broad access to company code and research materials could lead to leaks of sensitive technology. Internal risks included wide permissions for code repositories and research data stored extensively on GitHub and Slack; OpenAI has since strengthened security and will launch a new security initiative.
A Cboe-backed group has filed a lawsuit against the Commodity Futures Trading Commission (CFTC) over its approval of single-stock perpetual futures, seeking emergency relief to prevent the contracts from being listed as security futures. The complaint names Coinbase, Kalshi, and Bitnomial as targets, aiming to intervene before the contracts are officially listed.
Fal, an AI inference startup hosting image, video, and audio models for creators and developers, closed a $1.3 billion Series F led by Bessemer Venture Partners, with participation from Nvidia, Sound Ventures, HOF Capital, and T. Rowe Price. The round doubled its valuation to $16 billion from $8 billion in April, and sources say annualized revenue reached $800 million earlier this year.
Kalshi and Polymarket price a 75% chance of a Democratic sweep in key crypto races for the US midterms. This comes days after prediction markets misjudged Brazil's runoff election.
