Crypto News

Global manufacturing PMI data showed factory output continued to grow strongly in October, at one of the fastest rates in about five years. New orders eased from September’s more-than-five-year high but remained the third strongest since early 2022, extending gains seen through much of this year. The Global PMI also pointed to widespread supply-chain delays and capacity constraints, with investment goods producers reporting particularly high backlogs. Shortages contributed to faster price growth. For crypto traders, the report offers a mixed macro signal: resilient manufacturing may support risk appetite, while supply bottlenecks and rising prices could reinforce inflation concerns and expectations for tighter monetary policy.

The New York Stock Exchange (NYSE) has added Broadridge, Computershare, Equiniti and Superstate to its planned tokenized securities platform partner network. They join Securitize and tZERO, bringing the network to six firms. Equiniti has agreed to be acquired by Bullish. The proposed NYSE tokenized securities platform aims to enable 24/7 trading, instant settlement and stablecoin funding. It may support issuer-sponsored securities and third-party custodial tokens while preserving conventional shareholder rights. The NYSE has not named the first securities or announced a launch date, and the platform remains subject to regulatory approval. The initiative is separate from the TSV project involving OKX and ICE Markets, which is subject to an SEC innovation exemption. For crypto traders, the expanded partner network signals continued institutional work on tokenized equities, but neither project represents a newly live market or an immediate trading opportunity.

Crypto commentator Tyler D said a Democratic sweep in the US midterm elections could slow crypto legislation and create tougher regulatory conditions, potentially benefiting privacy coins. He argued that regulators such as the SEC and CFTC can change rules but cannot pass laws, and that some regulatory decisions could be reversed under a new administration. Tyler D added that the crypto industry is now too established to be stopped by a political shift. Another analyst, VirtualBacon, said an election result would more likely affect market sentiment than crypto’s underlying regulatory direction, given bipartisan support for legislation. Bitcoin was trading near $76,000 after a brief recovery toward $78,000. It was down just over 2% in 24 hours and nearly 4% over seven days. Analyst Louie said BTC would need three or four daily closes above $79,000–$80,000 to suggest the recent decline was a bear trap; otherwise, he sees a possible fall to at least $70,000. Bitcoin also fell during the 2018 and 2022 midterms, though both declines were followed by positive 12-month periods. The political outlook may influence crypto sentiment, while Bitcoin’s price levels remain a key near-term trading signal.

US midterm elections are putting markets on alert as investors assess potential changes to Congress and their implications for fiscal policy, technology regulation and crypto legislation. The result may shape expectations, but it is unlikely to determine asset prices on its own. US stocks are also reacting to questions about whether heavy AI investment will generate sufficient earnings. The article reports that on 2 November the S&P 500 fell about 0.50%, the Nasdaq declined 1.07%, and the Dow gained 0.43%. Upcoming earnings, employment data and AI-related capital spending remain important drivers for the tech sector. Bitcoin was trading near $78,000 on 2 November after recently touching a six-week low. Crypto traders are watching for concrete progress on digital-asset and stablecoin rules, alongside spot-market demand, ETF flows, the dollar and global liquidity. A reported major security incident involving Binance has also weighed on confidence. The article notes that previous Bitcoin cycle lows occurred 13 to 71 days after midterm elections, but this historical pattern does not guarantee a repeat. Gold rebounded more than 2% on 2 November, moving back above $3,950 an ounce after a sharp decline. The dollar, Treasury yields, real interest rates and geopolitical risks are likely to remain key influences. For traders, the election is one of several catalysts. Policy follow-through, market liquidity, corporate earnings and asset-specific fund flows will matter more than the result alone.

A hacker linked to Mercado Bitcoin transferred ETH worth about $8 million to a new wallet, according to on-chain monitoring. The transfer may indicate preparations to deposit the funds into Tornado Cash, but this has not been confirmed. The Mercado Bitcoin hacker still holds an estimated $46 million in crypto assets. Traders may watch for further wallet movements and potential selling or laundering activity.

MiniMax faced further price pressure in the latest market update. On 26 October 2026, it was down 10.8% in one hour and 8.7% over 24 hours, trading at 21.59 USDT. By 3 November, market data cited by Odaily showed MiniMax down 8.0% over 24 hours to 19.89 USDT. The reports give no reason for the declines and provide no trading-volume data. The moves point to short-term selling pressure in MiniMax, but traders may want to watch price action and liquidity before judging whether the weakness could persist or has broader significance.

Brent crude briefly rebounded to $110 per barrel, according to Gate data, but remained down 3.7% over 24 hours. The move provides a snapshot of volatility in the oil market; the report does not identify a specific cause or indicate a direct impact on cryptocurrency prices.

Crypto.com will discontinue its consumer app services in Hong Kong from Feb. 1, 2027, citing regulatory changes. The company says affected customers will receive instructions to close their accounts and withdraw funds, but it has not set a separate withdrawal deadline or identified the specific rules behind the decision. The change applies only to Hong Kong users and does not signal a broader Crypto.com exchange withdrawal from the market. Crypto.com will continue seeking approval for its institutional exchange through Foris DAX HK Limited. The company applied for a virtual asset trading platform licence on Feb. 9, 2024, and remains listed as “deemed-to-be-licensed” under Hong Kong’s transitional framework—a status that is not formal approval and does not guarantee a licence. The move comes as Hong Kong regulators assess applicants’ safeguards for customer assets, cybersecurity and compliance, while some operators have withdrawn applications.

Bitcoin price fell 2.19% to about $76,456 on November 3, extending its seven-day decline to 3.59%. Continued institutional selling, leveraged liquidations and weakness in global technology stocks weighed on sentiment ahead of the U.S. midterm elections. U.S. spot Bitcoin ETFs recorded $398.6 million in net outflows on November 2, after $643.3 million flowed out on October 30. BlackRock’s IBIT saw $405.3 million in withdrawals, while Fidelity’s FBTC took in $6.68 million. Bitcoin liquidations reached about $88.83 million over 24 hours, with long positions accounting for most of the forced closures. Ethereum ETFs also saw $140 million in outflows. Bitcoin price is testing support around $76,400–$76,500. A sustained break below could expose levels near $75,000 and $74,800. Resistance lies around $78,000, followed by $79,500–$80,000. Daily chart indicators remain weak: the RSI was 34.26 and the MACD was negative. Traders are also watching the October U.S. employment report, due November 6.

Meme coin trading was volatile across Solana, BNB Chain, Robinhood Chain and Base, with the later report for the 24 hours to 3 November 2026 showing lower activity on several chains than the earlier report for 29 October. Solana’s top 10 meme coins recorded $42.243 million in volume, down from $44.5 million; STONK led at $7.449 million, while MAMESUKE gained 41,477.7%, CAPY rose 6,367.7% and Anakin fell 54.2%. The earlier report had STONK at $14.7 million and cited huge gains for HOUSECOIN and Grokbot, alongside a 30% fall in BTC. BNB Chain volume declined from $33.7 million to $30.11 million. BNCB remained the leader, though its volume fell from $20.9 million to $12.507 million. XFS surged 242,808% in the later report, while JAGENT fell 56.4%; the earlier report had JAGENT up 6,802% and GANG down 36.6%. Robinhood Chain volume fell from $44.4 million to $23.557 million, with PONS leading the later period at $9.697 million; the earlier report highlighted PIZZA’s 21,667.2% rise. Base saw the sharpest reported volume drop, from $90.4 million to $6.822 million. AXIS accounted for most activity in both reports, but its volume fell from $89.1 million to $5.831 million; it was also down 35.5% in the earlier report. Overall, meme coin volume and leadership changed quickly, and trading was concentrated in a few tokens. The extreme, token-specific moves do not establish sustained demand or a market-wide trend. Traders should verify liquidity and data, and account for the risk of abrupt reversals.

Consensys announced Sovereign Network Interoperability on November 2, a bridgeless settlement product designed to coordinate transactions across financial institutions’ separate ledgers. It targets banks, custodians and asset managers handling activities such as securities trades, currency exchanges and tokenized funds. Ethereum-compatible networks are available, while Canton connectivity is planned—not yet complete. The Consensys launch does not establish that retail investors can access, transfer or redeem any resulting tokenized assets. Holders still need to check issuer obligations, eligibility, wallet support and redemption terms. The company’s separate work with ClearToken highlights the distinction between blockchain transaction finality and legally assured settlement; regulatory and counterparty risks also remain. More efficient institutional settlement could reduce idle capital and transaction friction, but the announcement provides no evidence of improved retail liquidity, lower fees or higher staking returns. It also does not demonstrate increased demand for ETH or settlement on Ethereum mainnet. The immediate market impact is therefore limited, with any longer-term benefit dependent on adoption and the launch of accessible products.

Bitway’s November token unlock released 101,622,256 BTW into circulation on November 2, 2026, at 08:00 UTC. The tokens were already part of the project’s 10 billion maximum supply; the vesting event did not create new tokens or raise that cap. The batch represents about 1% of the maximum supply and was valued at roughly $110 million at the reported price. BTW traded near $1.22 around the unlock, after reaching a previous high of just under $2.75 on October 14. Late-October daily trading volume was around $5 million to $7 million, leaving traders focused on whether market demand can absorb any tokens offered for sale. An unlock increases the amount available to trade, but does not mean holders will sell. Bitway’s next scheduled token unlock is December 2, 2026, with releases of about 101.6 million BTW per month through February 2027. Monthly releases are expected to rise to around 225.2 million BTW from March 2027 as additional vesting contracts begin. Traders are likely to monitor these supply events alongside BTW’s volume, liquidity and price action.

Gate’s XAU contracts recorded about $641 million in trading volume, ranking second among centralised exchanges worldwide, according to CoinGlass data cited on 3 November. Open interest was about $308 million, the third-highest globally. Gate’s XAG contracts posted approximately $249 million in volume and $142 million in open interest, both ranking third. Gold traded near $3,956.01, up 0.99%, while silver was around $50.42, up 0.74%. Gate offers round-the-clock precious metals perpetual and CFD contracts with USDT settlement. The activity highlights growing trading interest in XAU contracts and other tokenised or exchange-traded metal products.

Zhipu faced short-term selling pressure in two Odaily market updates. An earlier report said it fell 10.5% in 24 hours to 65.32 USDT; a later update, dated 3 November 2026, put the 24-hour decline at 9.1%, with Zhipu trading at 55.91 USDT. These are separate 24-hour snapshots, so the figures do not establish a continuous price move. Neither report gave a cause, trading-volume data or evidence of a wider market impact. Traders may monitor Zhipu’s price and volume for signs of whether selling pressure is easing or continuing.

Sherrod Brown’s return to Ohio’s Senate race has drawn heavy spending from crypto-backed political groups seeking to support Republican incumbent Jon Husted. Fairshake and affiliated groups have spent nearly $56 million, while a committee backed by Gemini co-founders Tyler and Cameron Winklevoss added about $7.2 million. The roughly $63 million spent in the current race brings crypto-related spending against Brown across the 2024 and current elections to more than $100 million. Brown lost his Senate seat to Bernie Moreno in 2024, when crypto groups spent about $40 million opposing him. As Senate Banking Committee chair, Brown criticised crypto risks and advocated consumer protections, though he was also open to discussing stablecoin and digital-asset market rules. The industry viewed his influence over legislation as an obstacle. Recent polls show Brown narrowly ahead of Husted, with results close to the margin of error. Prediction markets put Brown’s win probability above 70%, an update from an earlier estimate of 68%. The race underscores crypto’s growing role in US politics and debate over whether targeting a prominent Democrat could weaken bipartisan support for digital-asset legislation. Its outcome may shape the regulatory debate, but will not by itself determine the fate of crypto market-structure bills.

Fundstrat research head and BitMine chairman Tom Lee says AI stocks may be nearing a bottom, but warns that prices could fall further. He argues that strong demand for AI infrastructure still exceeds supply, with component shortages and limits on capital spending slowing growth rather than signaling that the AI boom is over. Intel illustrates the strain: its data centre and AI revenue rose 78% year over year to $7.3 billion in the third quarter, yet a weaker fourth-quarter outlook and component shortages weighed on its shares. Intel fell 28.6% on October 30 and another 8.8% on November 2. Lee also sees the crypto market’s response to a reported $6.3 billion Binance incident as a possible sign that some risk-asset selling has been absorbed. Binance said it froze about $3 billion in affected assets and would use emergency reserves and company funds to cover losses. During the sell-off, Bitcoin fell about 4% to around $76,400, more than $1.3 billion in leveraged positions were liquidated, and US spot Bitcoin ETFs recorded $643.2 million in net outflows—their largest daily outflow in October. By November 3, Bitcoin was around $76,852 after briefly touching about $76,000. The signal remains tentative: Lee says further downside is possible, and the ETF outflows and liquidations show substantial market stress. For crypto traders, Bitcoin’s recovery may indicate that selling pressure is easing, but it does not confirm a reversal; broader risk appetite, market liquidity and the response to the Binance incident remain important drivers.

The World Economic Forum (WEF) and Boston Consulting Group (BCG) have published a digital asset regulation playbook based on research across 35 jurisdictions. Released on October 28, 2026, the report sets out nine policy dimensions covering core market rules, links with the traditional financial system and market safeguards. The framework calls for common cross-border standards while allowing national policy differences. It says digital asset regulation now affects more than market integrity and financial stability, with monetary sovereignty, sanctions enforcement, capital flows and financial-sector competitiveness also at stake. The report identifies tokenization, stablecoins and programmable payments—not just speculative crypto trading—as likely drivers of future regulatory change. For traders and firms, clearer standards could reduce regulatory uncertainty, but closer oversight may also affect stablecoin and tokenized-asset activity. The extent to which jurisdictions adopt the framework remains uncertain.

Israeli Prime Minister Benjamin Netanyahu has asked advisers to plan for an economy that could withstand possible sanctions, including measures against Israeli banks. He cited crypto and blockchain as potential tools, but no plan has been published and no policy changes have been announced. The proposal drew opposition from the Bank of Israel, 109 economists and officials, and political opponents ahead of the 27 October election. Critics say using crypto to bypass sanctions could damage trade ties, deter foreign investment and deepen Israel’s economic isolation. The central bank says Israel should focus on preventing sanctions and maintaining relations with major trading partners. Critics also question whether blockchain can provide a workaround: transactions are traceable, and authorities can identify or block wallets linked to sanctioned entities. Israel has previously sanctioned 37 crypto wallets linked by its National Bureau for Counter Terror Financing to Iran’s Revolutionary Guards. The debate comes amid international pressure: a Jewish People Policy Institute tally cited in the later report counted 139 sanctions, restrictions and diplomatic measures across 64 countries as of October 2026, 94 described as active. Israel’s economy grew 2.9% in 2025, with growth projected at 4% in 2026 and 5.5% in 2027. The reports also cite crypto-related sanctions examples involving Russia-linked A7A5 activity, Iranian services, North Korean thefts and Venezuela’s use of USDT for oil payments. For crypto traders, the proposal is a regulatory and reputational signal, not an immediate market catalyst; no direct effect on crypto prices or trading rules has been announced.

An ETH whale bought 27,553 ETH worth about $62.97 million over five hours, at an average price of roughly $2,286, according to Lookonchain. The purchase drew attention as a sign of buying activity, but the tracker later linked wallet 0x9EcA—without full verification—to a suspected European entity that allegedly lost more than $106 million from accounts at several centralized exchanges. The buyer’s identity and whether the ETH whale used spot-market purchases remain unconfirmed. Lookonchain also reported that funds moved across multiple platforms, with earlier transfers involving USDC from Kraken. The ETH whale purchase came as Ethereum perpetual futures funding rates neared their lowest levels since June’s market bottom. Negative funding points to bearish positioning and could leave shorts vulnerable to a squeeze, but it does not ensure a rebound. ETH was trading near $2,300, below its September high of about $2,800, while ETF outflows remained a source of selling pressure. Traders may watch for confirmation of the wallet’s attribution, funding-rate changes and a sustained recovery in ETH’s price.

Metaplanet has repaid ¥8 billion in bonds to EVO FUND ahead of their April 2027 maturity, using cash on hand. The Tokyo-listed Bitcoin treasury firm had initially planned to use proceeds from its 27th stock acquisition rights offering for repayment, but has now redirected that amount to planned Bitcoin purchases. Metaplanet’s planned Bitcoin allocation for April 2026 to April 2028 rises from ¥25.422 billion to ¥33.422 billion. The ¥3.714 billion allocation for its Bitcoin income-generation business is unchanged, and planned proceeds remain ¥37.135 billion in total. The company said the revision is not expected to affect its 2026 financial results. The change signals a stronger commitment to Bitcoin accumulation, but it is not confirmation that the company has bought more BTC. Purchases depend on funds raised when the stock acquisition rights are exercised, so the timing and scale of any added buying remain uncertain.

US spot Bitcoin ETFs bought 79,800 BTC, worth about $6.2 billion, in Q3 2026, according to 21Shares. The inflows reversed $4.8 billion in net outflows in Q2 and were nearly twice the 41,300 BTC of newly mined supply during the quarter. Bitcoin ETFs became the main institutional buyer as Bitcoin rose 42.7% and ended September at $83,570. However, ETF demand was concentrated: two short periods accounted for 91% of quarterly inflows. Public Bitcoin treasury companies cut purchases to about $1 billion from $7.1 billion in Q2. Strategy added 1,700 BTC, worth roughly $240 million, and reported $349 million in sales during July and August. Combined ETF and public treasury purchases totalled about $7.2 billion, or 2.4 times the value of new Bitcoin supply. Selling by long-term holders was a counterweight. Glassnode estimated that holders who had kept Bitcoin for more than 155 days reduced their balances by 248,000 BTC, valued at about $17.4 billion—nearly three times ETF acquisitions. The figures point to stronger institutional demand from Bitcoin ETFs, but also substantial supply from long-term holders and less support from corporate treasuries. Traders may watch whether ETF inflows return and whether holder selling eases.

Consensys has launched a sovereign network interoperability solution built on Ethereum for institutions. It enables securities settlement, currency exchange and collateral issuance across separate ledgers without moving assets to a shared ledger. The Consensys solution keeps assets on their native ledgers and uses zero-knowledge proofs to cryptographically verify cross-ledger transactions. Transaction details are visible only to the relevant parties, and the process does not require an additional trusted intermediary. The announcement highlights an institutional use case for Ethereum-based interoperability and privacy, but provides no information about adoption, transaction volumes or a token launch.

A whale transferred AAVE and WLD to multiple cryptocurrency exchanges over 10 days, according to Lookonchain. The latest figures show deposits of 184,200 AAVE, worth about $25.5 million, and 56.15 million WLD, worth about $25.85 million—a combined value exceeding $51 million. An earlier report recorded 152,000 AAVE and 45.17 million WLD deposited over five days, worth about $42.7 million in total. The updated figures indicate that the reported exchange deposits grew over time. Large AAVE and WLD deposits may signal potential selling pressure, but transfers to exchanges do not confirm that the tokens were sold.

Binance said that, as of 11:00 UTC+8 on November 3, hourly deposits on its platform had exceeded withdrawals. The exchange also reported improving user activity and stabilising fund flows. The update points to a shift in activity on Binance, but does not provide figures for total net inflows or identify which assets were deposited.

South Korea’s ruling Democratic Party lawmakers have recommended delaying the country’s crypto tax until 2029, extending a debate that has already postponed implementation three times since the tax was approved in 2020. The tax is currently scheduled to begin on January 1, 2027, and the proposal still requires party and parliamentary approval. Changing the date would require an amendment to the Income Tax Act. Party leaders are expected to review the recommendation within one to two weeks, with a final decision previously expected in early December. Lawmakers cite gaps in overseas transaction reporting, unfinished digital asset legislation and concerns about exchange reporting systems. South Korea and several other jurisdictions plan to start exchanging information under the OECD’s Crypto-Asset Reporting Framework (CARF) in 2027, while the United States is expected to join in 2029. Officials also worry that domestic exchanges may not have the original purchase-price records for assets transferred from overseas platforms, making tax reporting uneven. Under the current proposal, annual net crypto gains above 2.5 million won would be taxed at 20%, or 22% including local income tax. A delay could ease near-term compliance pressure on South Korean exchanges and investors, but the repeated changes prolong uncertainty around crypto taxation and cross-border reporting.

Solflare has tightened access to its infrastructure and code after recent crypto security incidents. The Solana wallet says every system change now requires multiple approvals, and it has paused new additions while the controls are in place. The restrictions may slow development but are intended to reduce operational risk. The measures follow an October incident at a third-party staking provider involving keys associated with Solflare’s validator. The affected validator stopped earning rewards, but Solflare said users’ delegated SOL remained in their own stake accounts and no customer funds were stolen. Bitquery estimated that about $135,000 in assets was transferred from five validators, while around 1.56 million SOL had been delegated to the affected validator. Solflare has created a replacement validator and extended the migration deadline to November 30. It will cover staking rewards missed from October 26 to November 1 for users who migrate. The process is available through the official Solflare app; the company warned users not to follow direct messages or external migration links. For traders, the incident appears to pose limited direct risk to SOL markets because customer principal was not affected. However, the disruption and heightened security controls highlight ongoing operational risks in crypto staking and wallet infrastructure.

Tether froze more than $4.5 million in USDT linked to a security breach at Brazilian crypto exchange Mercado Bitcoin, CEO Paolo Ardoino said. The freeze was part of coordinated action by security researchers and stablecoin issuers that Specter said had blocked more than $9 million across nine digital assets, including USDC, PAXG and RLUSD. Arkham Intelligence reported that wallets linked to the attacker still held about $46 million in crypto, including ETH, BTC and PEPE. Mercado Bitcoin said it had contained an incident involving an internal system and temporarily suspended deposits and withdrawals during its investigation. The exchange said customer funds and personal information were unaffected, but has not disclosed the total loss or whether its reserves were impacted. The freezes may limit the attacker’s ability to move assets, but the remaining funds and unanswered questions keep exchange security in focus. For traders, the incident adds custody risk to the outlook for Mercado Bitcoin; the freezes alone do not establish a direct price impact on the tokens involved.

North Korea has denied involvement in the Binance theft, with Kim Yo Jong calling the FBI’s accusation a political provocation. The FBI attributes the 29 October attack to the North Korea-linked TraderTraitor group and has published wallet addresses to help crypto firms trace and block the stolen funds. Elliptic estimates the theft at about $6.3 billion to $6.43 billion. Around $2.85 billion has been frozen or seized, while roughly $3.24 billion to $3.28 billion remains in linked addresses. Investigators say some funds have moved across blockchains and been converted into ETH, but on-chain transfers do not prove that the assets have been cashed out. Binance says it replenished about 95% of affected assets and arranged around $6 billion from treasury and security reserves to cover losses, while restoring withdrawals progressively. The Binance theft keeps exchange security and fund recovery in focus for crypto traders. The denial has not changed the FBI’s attribution. BTC was quoted at about $76,852 on 3 November, down around 1.1% in 24 hours amid wider market uncertainty; the incident’s direct effect on crypto prices remains unclear.

US spot Bitcoin ETFs saw $643.3 million in outflows on 30 October, their biggest single-day withdrawal since June. The outflows cut the ETFs’ 2026 net inflows from just over $1 billion to about $368 million, while their net assets remained near $98.14 billion. BlackRock’s IBIT lost $233.7 million and Fidelity’s FBTC shed $201.4 million that day. The pressure increased on 2 November: combined Bitcoin ETF outflows over the two sessions reached $1.042 billion. IBIT accounted for $639 million in withdrawals across both days, including $405.3 million on 2 November, while FBTC recorded a $6.7 million inflow that day. Bitcoin traded around $76,600–$76,800 on 3 November, below $77,000. The heavy Bitcoin ETF outflows point to weaker near-term institutional demand, but redemptions alone do not explain BTC’s decline. Risk appetite, leverage adjustments, exchange security concerns and US interest-rate expectations may also be affecting prices. Traders are watching support near $76,000, with lower levels around $75,000 and $73,000 if it breaks. Resistance lies near $78,500 and $80,000; a sustained move above those levels could open a path towards $82,000–$83,000. US elections and the 6 November jobs report are key near-term catalysts. ETF flows, the dollar, Treasury yields and spot volumes may help traders gauge whether demand is returning.