Crypto News

Bitcoin rose about 1.1% to $77,533 on November 3, recovering above $77,000 as sentiment improved alongside broader financial markets during U.S. midterm election day. Ethereum gained 1.6% to $2,292, while XRP traded near $1.26 and Zcash rose 6%. The rebound offered some relief after weeks of macroeconomic pressure and lingering exchange-security concerns, but cautious trading volumes suggest investors remain wary of possible regulatory and fiscal changes. Bitcoin’s recovery does not yet confirm a sustained market trend.

Polymarket subsidiary PM Derivatives LLC has been approved by the National Futures Association (NFA) to operate as a futures commission merchant (FCM). It must still receive approval from the US Commodity Futures Trading Commission (CFTC) before it can begin brokerage operations, and the CFTC is currently investigating Polymarket. If approved, PM Derivatives could handle customer orders and funds. Polymarket says it plans to require customers to fully collateralize positions when trades are executed.

The 2026 US midterm elections could reshape Congress and the outlook for crypto regulation. Voters will elect all 435 House members and 35 senators. Republicans currently control both chambers; Democrats would need to gain three House seats and four Senate seats to take control, according to the summaries. The result could affect the stalled CLARITY Act, which would divide digital-asset oversight between the SEC and CFTC and set rules for intermediaries. The bill failed to advance in a 49–50 Senate procedural vote in September. A change in congressional control could reset its timetable, though its prospects also depend on factors beyond party control. The GENIUS Act, establishing a federal stablecoin framework, became law in July 2025. Election outcomes may also shape congressional scrutiny of crypto businesses, regulatory oversight and confirmations of nominees, including scrutiny of President Donald Trump’s crypto-related business interests. Crypto industry groups have spent about $176 million across more than 100 races, with Coinbase, Ripple and Andreessen Horowitz among the backers of Fairshake and its affiliated political groups. Ohio, Nebraska, Texas, Wyoming and Maine are among the closely watched contests. Spending has targeted Ohio’s race involving Republican Jon Husted and crypto critic Sherrod Brown, and supported Republican Pete Ricketts in Nebraska against independent Dan Osborn. Candidates in Texas and Wyoming have voiced support for crypto legislation, while Maine Senator Susan Collins opposed advancing the CLARITY Act in a procedural vote. For traders, the midterms could shift expectations for crypto policy and long-term regulatory certainty, but the election result alone is not a reliable signal for near-term token prices. Bitcoin’s historical midterm declines are not a dependable forecast; ETF and institutional flows, interest rates, liquidity and broader risk appetite are more immediate BTC price drivers.

Aave froze new tBTC deposits and borrowing in its Ethereum Core market on October 31, after Threshold Network paused tBTC deposits, minting and redemptions for a security review. The restriction affects about 1,760 tBTC, worth roughly $136.6 million, or around 42% of the token’s circulating supply; it does not apply to Aave’s other lending pools. Threshold says the issue is contained and tBTC remains fully backed. Investigators have found no evidence of unauthorized minting or lost funds. Existing tBTC can still move between Ethereum and layer-2 networks, while Aave users can repay loans, withdraw eligible collateral and remain subject to existing liquidation rules. Risk adviser LlamaRisk supported the restriction, and Gauntlet withdrew about 65,000 USDC from Morpho vaults backed by tBTC collateral. The tBTC pause may constrain liquidity and make it harder to exchange the token for BTC, potentially complicating collateral liquidations if tBTC trades at a discount. Threshold has not announced when minting and redemptions will resume and warned users not to send bitcoin to old deposit addresses. Traders should monitor Threshold’s updates, tBTC liquidity and any changes to Aave market parameters.

Tether CEO Paolo Ardoino says the company holds about 150,000 Bitcoin (BTC), worth roughly $11.5 billion—around 50,000 BTC more than the approximately 100,060 BTC indicated by its third-quarter reserve attestation. He did not clarify where the additional Bitcoin is held, who owns it or when it was acquired, so the statement does not confirm a new purchase or a change to USDT reserves. Tether says its corporate Bitcoin investments are separate from assets backing USDT and has said it may invest up to 15% of net realized operating profits in Bitcoin. Its Q3 report showed $191.45 billion in assets against $183.50 billion in liabilities, with U.S. Treasury bills the largest reserve component. The difference between the Bitcoin claim and disclosed reserve figures raises transparency questions. Tether is beginning its first full financial audit with KPMG, which could provide more clarity.

Justin Sun has asked a California federal court to order World Liberty Financial (WLF) to pay $263,821.20 in legal fees, alleging the company made a late and misleading disclosure of ownership and UAE citizenship information. Sun says WLF’s initial filing listed one Florida entity, while a revised filing after an August hearing named 22 members with citizenship ties to Florida, Delaware, Puerto Rico and the UAE. WLF says it learned the additional information later; the court has not ruled on Sun’s sanctions request. A hearing is scheduled for December 10 before Judge James Donato. The disclosure dispute affects whether the case can remain in federal court. Sun says WLF now challenges the court’s jurisdiction and that he plans to refile in California state court after the sanctions ruling. Sun and two affiliated companies sued WLF in April, alleging fraud and an unlawful freeze of WLFI tokens bought through an investment that he says reached $45 million. WLF has called the claims meritless. The legal fight adds uncertainty around WLFI, but does not determine whether the token freeze was lawful or establish wrongdoing.

Ocelot Finance has launched leveraged long and short tokens for more than 25 assets on Solana. The SPL tokens provide fixed exposure—3x for longs and 2x for shorts—and are automatically rebalanced. Users do not maintain personal margin accounts, but rely on Ocelot’s rebalancing system to manage leverage and reduce liquidation risk. The markets cover cryptocurrencies, equities and commodities. Ocelot’s beta began on November 3, 2026, initially listing 12 markets and 24 tokens. Each token is capped at $4,000 in total value locked. Trades use Phoenix Trade’s on-chain order book and can be reviewed on Solscan. Buying costs 0.10% and selling costs 0.30%; a 1% annual cost is also built into token values. The product is unavailable to users in the US, UK and other restricted jurisdictions, and audits are reportedly underway. For Solana traders, Ocelot offers wallet-based leveraged exposure, but fees, fixed leverage and reliance on automated rebalancing distinguish it from perpetual futures.

AMD expects 2027 operating expenses to grow at less than half the pace of revenue, pointing to stronger operating leverage and potentially wider margins. The company also projects data center revenue to more than double next year, while server CPU revenue is expected to rise more than 70% year over year. AMD reported Q3 2026 revenue of $13.4 billion, up 45% year over year. Data center revenue climbed 97% to $8.5 billion, driven by demand for EPYC server CPUs and Instinct GPUs. Operating expenses increased 25% to $4.378 billion. For Q4, AMD forecast revenue of about $17 billion, implying 66% growth at the midpoint. The outlook depends on execution of the Instinct MI450 product ramp, supply of advanced wafers and high-bandwidth memory, and continued AI infrastructure spending. Competition from Nvidia and custom chips, as well as any slowdown in enterprise AI investment, remain risks. AMD’s 2027 operating expenses growing more slowly than revenue would support margin expansion if its growth targets are met.

BitGo has moved from announcing a planned institutional Bitcoin staking service to launching it for eligible clients of BitGo Bank & Trust. The Bitcoin staking product uses the Stacks network and lets clients earn weekly BTC rewards while their principal remains timelocked in qualified custody on Bitcoin Layer 1. BitGo says it requires no wrapping or bridging and carries no slashing risk. Bonds last about six months and require participants to pair BTC with STX worth roughly 5% of the BTC amount. The target return is around 3% APY, but is variable, not guaranteed, and depends partly on Stacks miner activity. Access is limited to whitelisted institutional accounts managed by Stacks Labs. Stacks’ earlier Genesis Bond reportedly attracted an estimated 230–250 BTC, with participants including 21Shares, HashKey Cloud and UTXO Management. The launch adds a qualified-custody option for institutional Bitcoin yield, although the lock-up and STX exposure remain key considerations.

The $6.3 billion Binance hack has renewed concerns about tokenized assets and blockchain security. U.S. authorities and blockchain intelligence firms attributed the attack to North Korean hacking unit TraderTraitor. More than $8 billion in crypto assets has reportedly been stolen this year, according to Chainalysis. The incident also highlights a key difference between cryptocurrencies and tokenized securities. Issuers froze about $2.67 billion in stolen stablecoins within hours, while roughly $2.4 billion in Bitcoin and Ether could not be frozen by an issuer. Tokenized stocks, bonds or funds may offer additional recourse: depending on their legal structure, issuers could freeze or invalidate stolen tokens and reissue them to verified owners, whose underlying ownership claims may remain intact. However, tokenized assets still face risks such as compromised keys, smart-contract bugs and bridge exploits. For traders, the episode underscores the need to assess custody, recovery procedures and token-market liquidity as Wall Street expands tokenization. The article does not report a direct market move, but argues that a major theft could disrupt trading and confidence even where legal remedies exist.

Brazilian crypto exchange Mercado Bitcoin says customers will not bear losses from a security incident detected on 2 November. The exchange put the affected assets at about $38 million and said it had frozen $11 million with help from crypto firms and partners, including Tether, Circle, Paxos, BRL1 and Chainalysis. Tether separately froze more than $4.5 million in related USDT. Estimates of suspicious transfers varied: Hypernative flagged more than $40 million, while Arkham tracked at least $46 million and Chainalysis estimated about $49 million. The transfers spanned multiple blockchains, including Bitcoin, Ethereum, Solana and Tron. Mercado Bitcoin has not explained how the attacker gained signing authority, but reported no evidence of customer fund losses or data exposure. Deposits and withdrawals remain suspended, with no reopening date announced, as efforts to contain the incident and identify further assets to freeze continue. The event adds operational and liquidity risk for Mercado Bitcoin users, though the exchange’s commitment to cover losses may limit direct market effects. The reports also mention a separate suspected theft of more than $133 million from centralized exchanges, which investigator ZachXBT linked to an unnamed European entity.

THORChain resumed swaps on most chains halted after an Oct. 31 Ethereum reorganisation triggered a refund bug. By 3:50 p.m. ET on Nov. 3, Bitcoin, Ethereum, Tron, Bitcoin Cash, Dogecoin, Litecoin and Zcash swaps were running again. BNB Smart Chain, Cosmos Hub and Solana remained halted. THORChain had not announced a timetable for reopening them. The restart followed warnings from Pangolin Intelligence founder Jonty. He said node operators voting to reactivate the network would know North Korean hackers could use THORChain to launder stolen funds. The FBI has also asked operators to block addresses linked to the hackers. THORChain says node operators decide when chains are safe to re-enable and that no single entity controls the network. Jonty estimated that more than 99% of THORChain volume on certain days associated with North Korean-linked hacks was laundering activity, but cited no dataset; the figure is an unverified estimate. For traders, the restart restores cross-chain swap access across most supported networks, while remaining outages and scrutiny over illicit flows leave operational and reputational risks in focus.

xAI has installed eight natural-gas power units made from retired Boeing 747 engines to supply electricity to its Colossus 2 AI data center near Memphis. Each converted GE engine is rated at about 50 megawatts, giving the units a combined potential capacity of roughly 400 megawatts. xAI is using on-site generation as grid delays hinder rapid expansion of AI infrastructure. The units operate under permits that allow higher emissions of carbon monoxide and volatile organic compounds than other turbines at the site. The NAACP and the Southern Environmental Law Center have appealed the permits, while a separate Clean Air Act lawsuit over earlier temporary turbines is proceeding. xAI plans to replace temporary generation with a permanent 1.2-gigawatt natural-gas plant. The development highlights the growing power demands of AI data centers, but has no direct impact on cryptocurrency prices or trading.

BNB Standard has appointed SkyBridge Capital founder Anthony Scaramucci as an independent director, expanding its board to seven members. The appointment fulfils part of a June cooperation agreement with YZi Labs. The Nasdaq-listed company held 515,544 BNB worth about $302.3 million as of July 31, 2026. BNB accounted for 93.1% of its total assets, leaving the company highly exposed to the token’s price. BNB Standard is also planning to operate a BNB Chain validator. Scaramucci’s investment background may lend credibility to the BNB treasury company, but the appointment does not itself change its holdings or create direct demand for BNB. Investors will also be watching the company’s validator plans and efforts to address a previously disclosed weakness in internal controls.

Coinbase Assets has added CARD, the Solana-based token for physical trading card platform Collector Crypt, to its listing roadmap. The addition is not a confirmed Coinbase listing: trading depends on market-making support and technical infrastructure being ready, with a launch time to be announced separately. CARD may see trading activity driven by listing expectations, but the conditions leave the timing uncertain. Its Solana contract address is CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp.

The U.S. Commodity Futures Trading Commission (CFTC) is facing a lawsuit over its approval of single-stock perpetual futures, or stock perps. The Capital Markets Alliance, an industry group backed by firms including Cboe and Citadel Securities, filed the case in federal court on the same day the CFTC announced its policy.

BitMine Immersion Technologies reported 6,060,506 ETH holdings as of November 1 in an exhibit filed on November 2. Of that total, 5,227,037 ETH were staked. The company also reported smaller Bitcoin holdings, cash and other positions. The dated disclosure provides a reference point for tracking BitMine ETH holdings, but it is not a live balance or an independently verified measure. Staked ETH may earn rewards, yet it is not equivalent to immediately available cash: access can depend on withdrawal queues or third-party arrangements. For traders, the headline balance alone does not show how easily BitMine could sell or rebalance its position. Liquidity, staking terms, reward income, cash needs and potential equity issuance are also relevant. Future disclosures on these factors may offer a clearer picture of the company’s treasury risk and the market significance of its large ETH position.

Liquid Network says its Bitcoin reserves now fully back all LBTC tokens, nearly two months after a September exploit created a shortfall. Its dashboard showed 4,270.54 BTC in reserves against 4,270.54 BTC pegged into the network, with a difference of just 52 satoshis. The attack exploited a transaction-verification flaw in Elements, the software behind Liquid. Attackers created about 4,000 unbacked LBTC and exchanged them for Bitcoin. They later returned 3,400 BTC, leaving a shortfall of about 598.5 BTC. Liquid Federation has not disclosed a detailed funding breakdown, although board member Samson Mow said Blockstream supplied replacement funds. BTC-LBTC swaps at a 1:1 rate have resumed through participating providers. The Federation has not confirmed whether direct peg-outs have resumed and says it is strengthening governance and technical safeguards. Restored Bitcoin backing reduces the immediate risk to LBTC holders, but traders may continue to watch withdrawal access and the security upgrades. The update is a recovery milestone for Liquid and LBTC, rather than a clear catalyst for Bitcoin’s market price.

South Korea’s Financial Services Commission (FSC) has urged crypto exchanges to strengthen security after Binance reported roughly $6.3 billion in hot-wallet losses. At an emergency meeting on Nov. 2, the FSC called for continuous deposit and withdrawal monitoring, stronger incident-response teams, faster reporting of suspicious access and additional financial reserves. Binance said it would cover the losses using its SAFU fund and company funds; the FBI attributed the theft to North Korea’s TraderTraitor group. South Korean exchanges must currently keep at least 80% of customer crypto assets in cold storage. The FSC has not announced a higher target, despite reports it may consider a 99% requirement. As of Sept. 30, offline holdings ranged from 80.54% at Streami, Gopax’s operator, to 99.17% at Upbit. The regulator is also reportedly reviewing whether exchanges could be allowed to suspend withdrawals during another platform’s security emergency. For traders, stronger cold storage and monitoring could reduce the risk of exchange breaches, but a higher offline share or emergency withdrawal suspensions could slow access to funds during market volatility. Binance’s incident has not prompted a confirmed change to South Korea’s rules, so any direct impact on crypto prices is likely limited unless the proposed safeguards affect liquidity or trading confidence.

TRON processed $19.4 billion in USDT transfers in 24 hours, the highest volume among tracked networks and within its recent daily range of $13 billion to $27 billion. The update adds to evidence of TRON’s growing role in stablecoin settlement: in Q3 2026, it handled an estimated $2.18 trillion to $2.21 trillion in stablecoin transfers, about 73% of the tracked total. USDT supply averaged $90.75 billion on TRON during the quarter, after reaching a reported record of $92.7 billion; it topped $94 billion in early November, with around 79 million holders. Other Q3 indicators included $638 million in crypto-card payments, a 26.6% quarterly rise in total value locked to $5.7 billion, and a 9.8% increase in average monthly active addresses to 18 million. Institutional access also expanded with the launch of a US spot staked TRX ETF and Anchorage Digital’s addition of TRX staking and TRC-20 custody. Low fees and high throughput support TRON’s utility, but its activity and revenue remain closely tied to Tether and USDT. Traders can watch transfer volumes, USDT supply and network revenue for changes in demand; strong usage alone does not guarantee an immediate rise in TRX’s price.

Janus Henderson’s JAAA tokenized AAA collateralized loan obligation (CLO) fund is offering a reported 5.37% yield, while RWA.xyz data puts its 30-day annualized yield at about 5.24%. The floating-rate credit fund has around $573 million to $652 million in assets and charges a 0.50% management fee. JAAA offers daily subscriptions and redemptions in stablecoins across more than eight blockchains through Centrifuge, but access is limited to non-US professional investors. Crypto ecosystem participants, including Sky, Grove and Ethena, have provided backing. DeFi integrations are expanding: Pendle launched deJAAA yield markets in October 2026, and Aave has adjusted collateral limits for JAAA products. The tokenized fund is much smaller than Janus Henderson’s similar JAAA ETF, which manages more than $30 billion. Its yield varies with interest rates and is not guaranteed.

OKX market data in the later report put BTC at 78,006.3 USDT, up 1.31% over 24 hours and just above the 78,000 USDT level. An earlier report quoted BTC at 81,025.9 USDT, up 1.21% over 24 hours. The snapshots show BTC above 78,000 USDT in both reports, but the later quoted price is lower than the earlier one. Neither report gave trading-volume figures or identified a catalyst, so traders have limited information to assess the move’s strength or durability.

The Stellar Bell upgrade is now live on the testnet, with a mainnet vote to follow. The upgrade requires wallets and indexers to update their software to support network changes. It also adds optional post-quantum signature verification for smart contracts, which developers can enable as needed. The Stellar Bell upgrade is a technical development; the article does not report a mainnet activation date or immediate market impact.

Anthropic’s potential IPO could face a major funding challenge, according to Cestrian Capital Research. The company reported Q3 revenue of $17.0 billion, up 47% quarter over quarter, although growth slowed sharply from previous quarters. Trailing 12-month operating cash flow less capital expenditure was $5.0 billion, or 14% of revenue. Anthropic had $125.6 billion in net cash and $146.6 billion in liquidity. The research estimates that Anthropic has $895.4 billion in off-balance-sheet compute and infrastructure commitments, including $447.5 billion due by 2030. It argues that these obligations far exceed the company’s current resources and could require a substantial capital raise after 2027. Even a hypothetical $100 billion IPO would cover less than a quarter of the commitments due by 2030, potentially leaving Anthropic reliant on further financing that could dilute shareholders. The article provides no IPO price or investment rating.

SpaceX has objected to OKX-ICE’s proposed listing of tokens tied to its shares, keeping the securities off the US trading venue under a new SEC framework. The joint venture between crypto exchange OKX and Intercontinental Exchange allows companies 30 days to challenge third-party tokenized stock listings. SpaceX joins Tesla, Amazon and dozens of other companies that have objected. The move comes despite strong offshore demand: since SpaceX’s June public offering, Backpack’s SPCX token recorded $1.08 billion in onchain trading volume, while Kraken’s SPCXx reached $852 million. Both products were designed to be backed by actual shares. The dispute highlights a key hurdle for tokenized stocks: offshore platforms have attracted activity, but issuer objections may limit access to US investors. Nasdaq has also warned that tokenized trading could fragment liquidity and weaken long-term shareholder value.

Anthropic’s third-quarter disclosures highlight the financial pressure of making AI models cheaper to use. The company said price cuts and contractual discounts offset about $600 million of revenue growth that otherwise came from increased customer usage. That figure represents an offset to growth, not revenue lost from its books. Anthropic’s compute and infrastructure expenses rose 77% to $9.86 billion, while revenue grew 47%. The costs equaled about 58 cents per revenue dollar, up from 48 cents in the previous quarter. Spending includes research, training and internal operations, not only serving Claude customers. The company swung from a $974 million operating profit in the second quarter to a $567 million operating loss in the third. Short-term compute commitments—about $5 billion of capacity that Anthropic says costs more than comparable multiyear contracts—contributed to the pressure. The quarter also included a noncash charge, making the operating result less straightforward to interpret. Anthropic says cheaper, more capable models have encouraged customers to increase usage. But it reserves much of its compute capacity 12 to 18 months in advance, limiting its ability to quickly adjust costs as prices fall. Its filing also disclosed about $895.4 billion in aggregate lease and purchasing commitments, largely tied to compute and infrastructure. The key business challenge for Anthropic is whether efficiency gains and rising demand can keep pace with the cost of building and running AI systems.

Enterprise AI spending is expected to reach about $177 billion in 2026, according to a Menlo Ventures study. The report estimated deployment spending at $176.8 billion by September, up from $33 billion in 2025. Anthropic, OpenAI and Google together captured 69% of enterprise AI deployment spending. The study attributes the sharp rise in enterprise AI spending in part to AI agents that can carry out longer tasks, alongside demand for coding tools and chatbots. The figures point to rapid growth in corporate AI adoption, but the report does not identify a direct effect on cryptocurrency markets.

Bitcoin spot trading slowed in October even as activity in derivatives markets increased. Daily spot volume averaged about $6.8 billion in early October, below roughly 90% of trading days since January 2024. By late October, CryptoQuant data showed cumulative spot demand had fallen by 76,000 BTC, while ETF inflows remained subdued. Bitcoin options open interest held between $37 billion and $38 billion in mid-to-late October, with calls representing around 59% to 60%. Coincall recorded $409 million in options trading in one week, including about $190 million tied to the October 30 expiry. Bitcoin futures open interest stood at approximately $51 billion to $55 billion. The figures highlight a split in the Bitcoin market: spot participation and fresh demand weakened, while traders continued using derivatives to express views and manage risk. Low spot demand may leave rallies vulnerable, while concentrated options expiries could contribute to short-term volatility.

AMD reported record third-quarter 2026 revenue of $13.4 billion, up 45% year over year and 16% quarter over quarter, beating market expectations. Data center revenue led growth, rising 97% to about $8.5 billion on demand for EPYC server processors and Instinct MI450 AI accelerators. The segment accounted for roughly 58% of total revenue, highlighting AMD’s growing exposure to AI infrastructure spending. GAAP net income increased 95% to $2.4 billion, while non-GAAP diluted earnings per share rose 74% to $2.09; non-GAAP gross margin was 56%. Client and gaming revenue fell 8% to $3.7 billion, while embedded revenue grew 29% to $1.1 billion. AMD expects fourth-quarter revenue of about $17 billion, plus or minus 3%, and a non-GAAP gross margin of around 55%. For crypto traders, AMD’s results offer a signal of continued demand for AI and data center hardware, but do not directly indicate cryptocurrency prices or blockchain activity.