Crypto News

South Korea has proposed delaying its 22% crypto tax until 2029, marking the fourth postponement since the framework was introduced in 2020. The tax was scheduled to start in January 2027 and would apply to annual crypto gains above 2.5 million won (about $1,860). The proposal requires National Assembly approval. Officials say the delay would give authorities time to prepare tax reporting and collection systems, including information sharing with the United States, which is expected to begin in 2029. The government also plans to allow eligible investors to carry forward crypto losses for three years to offset future gains. Tax amendments are expected in 2027, with detailed guidance planned for the first half of 2028. The proposal follows an earlier Finance Ministry statement that the crypto tax would proceed in 2027. If approved, the delay would give South Korean traders and exchanges more time to prepare for tax compliance, but leaves the timing and details subject to legislative approval.

XRP analyst Dark Defender expects the token to break above $2 this month, but the bullish forecast has not yet been confirmed by price action. The analyst’s Elliott Wave analysis views XRP’s rebound from below $1 to $1.68 as Wave 1, with a pullback to around $1.20–$1.25 potentially completing Wave 2. The projected path includes a Wave 3 target of $7.07, a Wave 4 pullback near $4.10 and a Wave 5 move above $10.11. At about $1.31, XRP would need to rise roughly 53% to reach $2 and about 670% to hit $10.11. The token remains below its 50-day and 200-day moving averages, near $1.33 and $1.36, with resistance around $1.35 and then $1.44. RSI is neutral at 49, while a bullish MACD crossover may indicate easing selling pressure. XRP has fallen about 13% over the past month and recently traded sideways. Support is near $1.25; a break below it could expose $0.99 and weaken the near-term bullish case. Traders will be watching for a daily close above resistance as confirmation of a possible trend shift. The Elliott Wave targets rely on technical analysis, including Fibonacci levels and RSI, and remain speculative until XRP clears these hurdles. Broader market conditions could also invalidate the forecast.

Bitget has launched its Open Custody Network (OCN), allowing eligible institutions to trade on Bitget’s spot, margin and futures markets while keeping assets with independent banks and institutional custodians. Asset mirroring links externally held collateral to Bitget’s trading infrastructure without requiring transfers into exchange custody. The network targets market makers, asset managers and other institutions seeking custody flexibility, reduced custody concentration risk and access to exchange liquidity. Bitget says the service builds on arrangements with Copper, Cactus Custody, Fireblocks, OSL and Sygnum Bank; available markets and settlement terms vary by provider. Adoption figures were not disclosed. The launch follows Bitget’s September security breach, which the exchange said caused $387.5 million in losses, while customer balances remained unchanged and its protection fund would cover the losses. An October reserve disclosure reported a 115% overall reserve ratio across covered assets. OCN could broaden institutional access to Bitget, but its effect will depend on provider terms and uptake.

Strategy’s Stretch (STRC) raised funds on November 4 that Bitcoin Treasuries estimates would be enough to buy more than 120 BTC. The fundraising marks the resumption of STRC-related Bitcoin issuance after a pause of more than 170 days. The report does not confirm that Strategy has completed the Bitcoin purchases; it describes the estimated purchasing capacity of the funds raised. The development puts Strategy STRC and its Bitcoin treasury activity back in focus for traders.

Amundi and CACEIS have launched the first tokenised share class of the AMUNDI FUNDS CASH EUR money market fund. Investors can use traditional distribution channels or subscribe to AMUNDI FUNDS CASH EUR - J28 EUR DLT (C), whose ownership is recorded using distributed ledger technology on the public Ethereum blockchain. The tokenised fund shares are intended to improve transparency and transaction traceability, adding a blockchain-based access option to an existing fund. The announcement provides no details on investment terms, capital raised or expected uptake, and does not indicate immediate trading activity in ETH. The launch points to continued institutional interest in blockchain-based fund administration, but its direct impact on crypto markets remains unclear.

France’s proposed crypto tax provisions have been dropped from the 2027 budget bill after the National Assembly rejected its revenue section. The measures may still be reintroduced during Senate review. The shelved proposals included taxing gains from converting crypto into stablecoins, requiring taxpayers to declare self-custodied crypto holdings worth at least €100,000 as of 31 December, and increasing penalties for crypto platforms that fail to provide requested tax information from €10,000 to €50,000. The decision delays potential changes to France’s crypto tax rules but does not rule them out.

Bitbase launched ORIGIN, the first season of its Bitbase Points loyalty programme, on 4 November. The 26-week campaign runs until 4 May 2027 and distributes 1 million points each week. Some users also received credit for eligible activity before launch. Participation is automatic, with daily points based on trading, assets held on the exchange, consistent activity and referrals; direct referrers receive an extra 25% of the contribution generated by each referral. Bitbase reported 14,161 users earned points on launch day and more than 6 million points distributed in total, including Alpha points previously issued to existing users. Trading Identity cards are due to roll out weekly from 9 November, and users can follow points and rankings on the app and website. ORIGIN is the first user-facing feature of Bitbase 2.0, unveiled on 2 November. The programme may support exchange engagement, but Bitbase has not announced a token reward or disclosed the points’ monetary value or expected trading-volume impact.

Bitcoin rebounded to a weekly high of $81,000 on Wednesday after falling to $75,600, but reported transfers and geopolitical risks could challenge the recovery. Lookonchain, citing Arkham Intelligence data, said Trump Media Group transferred 4,259 BTC, worth more than $340 million, to Crypto.com. The transfer may signal a potential sale, though the article does not confirm that the bitcoin was sold. Bitcoin miner MARA Holdings also moved more than $130 million in BTC to platforms including Galaxy Digital and Copper. A further risk is rising tension over Iran. Axios reported that the US administration and military were preparing for a possible resumption of major combat operations. Past military escalations have often weighed on bitcoin and other risk-sensitive assets. Traders may therefore watch exchange flows, BTC price support and developments in the Middle East for signs of renewed selling or volatility.

Bitcoin rebounded above $80,000 after briefly dropping to a seven-week low of $75,600 following the US midterm election results. The recovery accelerated during US trading, with Bitcoin reaching a weekly high of $81,000 and triggering about $380 million in short liquidations in one hour. It was trading above $80,000 at the time of publication. Bitcoin’s market capitalisation stood at about $1.61 trillion, while its dominance was above 60%. Ethereum climbed back above $2,400 and XRP rose to $1.32. Solana gained 3.7% but remained below $100. Several other altcoins also advanced, although HYPE, TRX, XMR and RAIN lagged. The TRUMP token fell about 15% over 24 hours after reaching a three-month low. The total crypto market capitalisation rose 2.3% to $2.69 trillion.

Intel plans to use EMIB-T packaging to compete with TSMC’s CoWoS-L as demand for AI chips outstrips available capacity. Intel says its bridge-based design can achieve wafer utilization above 90%, compared with about 60% for conventional interposer designs, potentially lowering costs. EMIB-T is targeted for production in 2026 and is designed to support packages with more than 32 HBM stacks and over 70 bridges. Its reported yield is approaching 90%, below TSMC’s reported 98%, while substrate yields remain a concern. Google, Amazon and MediaTek have been named as potential customers, but no volume commitments are reported. For AI hardware buyers, EMIB-T could offer another source of advanced packaging as TSMC’s CoWoS capacity remains fully booked.

Ethereum co-founder Vitalik Buterin says the network plans to make better use of emerging technologies, including GPUs, and enable greater parallel processing while maintaining decentralisation. He described a shift from Ethereum’s traditionally cautious development approach, as technical advances make previously difficult changes more practical. Buterin said Ethereum’s base layer will continue to rely on conservative, hash-based cryptography. Applications built on Ethereum, however, should be able to test different performance and privacy technologies rather than simply copy the network’s design. One example is enterprise supply-chain systems: companies could keep data on their own servers and submit blockchain proofs showing that participants followed agreed rules, without disclosing private information. He said the Ethereum Foundation should focus on areas within its expertise and support developers in improving security, privacy and openness, while leaving other technical choices to users and the community. The comments indicate a technology and development direction, not a specific upgrade timetable or immediate change to ETH’s market fundamentals.

Micron has largely paused plans for a new memory-chip plant in Taoyuan, Taiwan, amid an ongoing dispute with employee unions. The project, budgeted at $3 billion to $4.5 billion, was scheduled to begin production in 2028. Only limited site-safety work remains, according to people familiar with the matter. The Taoyuan union is seeking to distribute 15% of operating profit to global employees and wants bonuses paid entirely in cash. Micron reached an agreement with a larger union in Taichung in October, but some workers object to its terms, and the Taoyuan union is seeking support for renewed negotiations. The planned facility was intended to produce high-bandwidth memory (HBM) and DRAM. Taiwan accounts for about 60% of Micron’s DRAM output and is a key HBM production base. The pause adds uncertainty to Micron’s long-term expansion plans and to an already tight AI memory-chip supply chain. Micron said its existing Taiwan operations remain normal and that it is safeguarding customer continuity, but did not directly comment on the construction pause. Taiwan’s economic authorities said they would help the company and unions resolve their differences.

Wall Street banks and trading firms see conditions for a possible year-end rally in US stocks after the US midterm elections. Citadel Securities says CTA net exposure to US equities is near its lowest level since 2018, while retail investors bought nearly $33 billion in stocks over 22 consecutive trading sessions from 5 October. The share of S&P 500 market capitalisation eligible for buybacks is expected to reach 85% by 9 November. Valuations have also fallen: the Nasdaq 100’s price-to-earnings ratio is 19.1, its lowest since October 2022, while the S&P 500 semiconductor stocks’ multiple has dropped to 13.8. At the same time, forward earnings estimates since late June have risen 32% for memory, 31% for AI infrastructure and 30% for semiconductors. JPMorgan remains tactically bullish and recommends combining technology and cyclical stocks. HSBC says a potential Anthropic IPO could further improve sentiment towards technology shares. These signals support the case for a US stocks rebound, but do not guarantee one.

On-chain records show wallets linked to Trump Media & Technology Group (DJT), the parent company of Truth Social, transferred 4,259 BTC to Crypto.com in two nearly equal installments at 02:17 UTC. The available report does not specify the date or explain the purpose of the transfer. Moving BTC to an exchange can precede a sale, but the transfer alone does not confirm that the bitcoin was sold. Traders may watch for subsequent wallet activity and any effect on BTC market liquidity.

Bitcoin’s (BTC) recovery is facing weak demand from US buyers, with the Coinbase premium index remaining negative. The indicator compares Bitcoin prices on Coinbase and Binance; a sustained move above zero would suggest US demand is returning. A 30-day measure of combined spot and futures demand is near -200,000 BTC, showing continued net outflows. However, spot demand has become less negative this week, suggesting selling pressure may be easing. That could help BTC hold near $77,000, but a stronger recovery would likely require spot buying and a return to positive overall demand. BTC has rebounded from about $76,000 to $78,490, but the gradual rise points to reduced selling rather than strong buying. The key test is resistance at $79,000–$79,200. A close above $79,200 could open the way toward $80,400 and $82,000. Rejection could send BTC back toward $76,975 or $76,000.

Litecoin rose 3.3% in 24 hours to $56.11, but faces key resistance near $58.55. Technical indicators suggest buyers still need to overcome hurdles before a stronger recovery can take hold. The update offers a short-term price snapshot, with no broader market catalysts or trading volumes reported. Traders may watch whether Litecoin can break above resistance or retreats from that level.

The crypto market is recovering after a volatile reaction to the US midterm elections. Bitcoin has reclaimed $80,000, while Ethereum and XRP have also rebounded, helping lift major digital assets. The rally coincides with a sharp reduction in bearish positions, improving conditions in traditional markets and renewed investor appetite. These factors support the crypto market recovery, though the brief report provides no further detail on its drivers or how durable the rebound may be.

US spot Bitcoin ETFs recorded $74.57 million in net inflows on November 4, ending four consecutive trading sessions of outflows. Fidelity’s FBTC reportedly drew about $237 million, although the available reports do not fully reconcile that fund-level figure with the overall total; outflows from other funds may account for the difference. Spot Ether ETFs also saw $53.02 million in net inflows, ending a five-day outflow streak. The Bitcoin ETF and Ether ETF flows suggest a possible pickup in investor demand, but one day of data is not enough to confirm a lasting trend.

After Binance suffered a reported $6.3 billion hack, founder Changpeng Zhao (CZ) said artificial intelligence is making cyberattacks faster and more frequent, outpacing firms’ efforts to strengthen defenses. Binance briefly paused withdrawals before resuming them, but the cause of the Binance hack and the calculation behind the reported losses were not explained. CZ called for US and Chinese government support and a crypto-wide security alliance, and urged international cooperation to track stolen assets and pursue attackers. US President Donald Trump said the incident was under investigation, with no conclusion reached about possible North Korean involvement. The breach adds to security concerns around crypto exchanges, although its market impact remains uncertain while key details are unresolved.

Veteran trader Peter Brandt says his silver charts point to a falling wedge, with a potential final low slightly below the metal’s 50-year support line. In a chart post on 4 November, he showed the market using both a weekly line chart and another chart view. The article places the projected wedge floor near $48. The outlook is a technical analysis call, not a confirmed price target, and the supplied report gives no specific timing for the possible low.

Wallets linked to venture capital firm Andreessen Horowitz (a16z) have deposited 233,000 HYPE, Hyperliquid’s token, to exchanges since October 30, according to the article. The transfers may add to potential selling pressure, though exchange deposits do not confirm that tokens have been sold. HYPE traded at $83.30 on Thursday, down 1.7% in 24 hours and below the reported $85.26 average price associated with the wallets. Traders will be watching for further exchange inflows and whether HYPE can regain that price level.

Crypto analyst Dark Defender says XRP has a distinct role in Ripple Prime’s collateral lineup: unlike stablecoins such as RLUSD, it is not a claim on reserves held by another institution. He describes stablecoins as the cash leg of transactions and XRP as the collateral leg, while noting that these assets serve different purposes. The discussion also highlights the XRP Ledger’s capacity to support multiple assets. Validator Vet argues that tokenized assets and stablecoins add utility to the ledger. Dark Defender agrees, but says broader institutional participation depends on regulated custody. The article reports that Ripple recently received full approval for Ripple National Trust Bank, which could help address that barrier. The claims about XRP’s risk profile and institutional adoption are the analyst’s views; the article provides no figures on trading activity or market impact.

Schroders is working with real-world asset tokenization firm Centrifuge to launch a tokenized feeder fund on Solana, based on its emerging-market bond strategy. The $1.1 trillion asset manager said investors will hold blockchain-based shares in the feeder fund, rather than bonds directly. Their value will track the underlying fund’s disclosed net asset value. The strategy invests in government and corporate debt from emerging markets. Its returns and risks are shaped by interest rates, issuer creditworthiness, currency movements and local economic conditions, making it different from the short-term US Treasury and money-market products that dominate tokenized assets. RWA.xyz puts the tokenized real-world asset market at about $39 billion, including roughly $14 billion in tokenized Treasuries and money-market products. The launch would be Schroders’ first product on Solana. Centrifuge reports more than $750 million in tokenized assets. Eligibility, minimum investment and initial fund size have not been disclosed, so the product should not be assumed to be available to all investors. The move signals that Solana tokenization is expanding beyond cash-like assets, but the fund’s emerging-market exposure carries distinct risks.

Hong Kong plans a gold token representing a standard 400-ounce bullion bar for interbank trading and settlement. Financial Services and the Treasury Secretary Christopher Hui announced the plan at Hong Kong FinTech Week on November 2, 2026. The gold token is expected to use the city’s HAU gold price reference and build on the Hong Kong Monetary Authority’s Project Ensemble. Officials have not announced the token’s issuer, custodian, blockchain, launch date or redemption arrangements. The project is aimed at financial institutions, with no retail access confirmed. That sets it apart from retail gold tokens PAXG and XAUT, which each represent one ounce of gold. The proposal is separate from a completed Project Ensemble transaction involving Zhaojin Mining, China Construction Bank (Asia), Bank of East Asia and Jetco. That transaction combined tokenized gold and bank deposits, using Ant Digital Technologies’ Anvita TaaS platform. The participants and technology have not been confirmed for the proposed gold token. Separately, Hong Kong’s Securities and Futures Commission is considering a tokenized gold ETF as a potential retail pilot. SFC executive Ng Ka-lee said the city has approved 17 tokenized retail products with US$1.3 billion in assets under management. The institutional gold token could support gold settlement and real-world asset tokenization, but its market significance will depend on implementation details. No direct price impact on major cryptocurrencies is established.

Objections to OKXICE’s proposed tokenized stock platform have risen from 50 on October 30 to 56. Amazon, Tesla, SpaceX, Netflix, SoFi Technologies and Lam Research were among the latest companies to object. Of the 62 companies initially selected, 49 have filed objections; 13 had no disclosed objections as of November 2. Further objections may emerge because response deadlines vary. OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange, plans round-the-clock trading of tokenized US equities. The proposal uses permissioned liquidity pools on OKX’s X Layer blockchain and stablecoins such as USDC and USDG for settlement. Tokenized shares would represent rights to stock held through a registered broker-dealer. A five-year SEC innovation exemption allows companies to object to third-party tokenized versions of their shares being offered on the venue. The objections could restrict the range of stocks available and reflect issuer concerns about control, pricing, liquidity and investor protection. The dispute is a significant test for tokenized equities, but its direct impact on crypto token prices and broader market stability is likely limited. OKXICE has not announced a launch date.

An analyst has described XRP as the only asset among Ripple Prime’s collateral options that is not a liability tied to underlying reserves. The analyst contrasted XRP with stablecoins, whose value depends on reserve backing. Ripple’s new bank charter could also support institutional adoption of the XRP Ledger. The report gives no details on the collateral options or the charter’s expected timeline, so any impact on XRP demand remains uncertain.

Chainlink (LINK) rose 4.62% in 24 hours to above $11.50 on Thursday. The move followed Yuga Labs’ announcement on Wednesday that ApeChain will replace LayerZero with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its standard cross-chain infrastructure. The adoption gives Chainlink a higher-profile role in ApeChain’s cross-chain services and may have encouraged short-term buying of LINK. The article does not provide further details on the transition or explain how much of the price move was directly attributable to the announcement.

Trump Media transferred 4,259 BTC, worth about $343.67 million, to Crypto.com in two transactions, according to Arkham data. The Bitcoin came from wallets linked to collateral for the company’s convertible notes. Trump Media has previously used Crypto.com for custody and trading-related transfers, so the move does not confirm a sale. However, the transfer comes as the company may face a $1 billion repayment deadline later this month. Traders may watch for evidence of BTC selling, which could add short-term pressure on Bitcoin if confirmed.

Schroders, which manages about $1.1 trillion, has launched a tokenized emerging-market bond fund on Solana through Centrifuge. Investors receive tokenized shares in a feeder fund that invests in Schroders’ existing sovereign and corporate debt strategy; they do not directly own the bonds. The Solana fund is Schroders’ first blockchain deployment and expands tokenized fixed-income products beyond Treasuries and money-market funds. It follows the firm’s earlier approval in Ireland to create a tokenized share class for a US dollar money-market fund. The launch highlights growing institutional interest in using public blockchains to distribute funds, and Centrifuge says Solana hosts more than $4 billion in tokenized real-world assets. However, the reports disclose no launch timing, fund size or expected investor demand, so the announcement alone does not indicate material demand for SOL or a direct price impact.