Crypto News

F2Pool co-founder Wang Chun sold 6,200 wstETH for about 18.5 million USDC while ETH rebounded from $2,315 to $2,440, according to on-chain analyst Ember. The sale worked out to an average ETH price of about $2,390. Wang Chun then transferred the USDC to Binance. The move could signal plans to trade, reposition funds or withdraw, but it does not confirm further ETH selling. Traders may monitor for additional transfers and sales, while noting that activity from one wallet alone does not establish a broader market trend.

The CLARITY Act could expire on 3 January 2027, when the current US Congress ends, unless it wins enough support to advance. Reintroducing it in the next Congress would require a new bill and fresh negotiations. Senate legislation generally needs 60 votes, meaning bipartisan backing would be necessary to pass US crypto market-structure rules. The Digital Chamber has highlighted potential priorities for future legislation, including stablecoin reserve requirements, consumer disclosures and anti-money-laundering controls. It also expects debate over compliance, decentralised finance (DeFi) oversight, digital-asset exchanges and their links to banks. Possible rules on AI privacy, national security and risk management could also feature. These remain anticipated policy directions, not enacted requirements. The CLARITY Act’s uncertain path may add to regulatory uncertainty for crypto businesses and traders, but the reports describe no immediate change to market rules.

LayerZero and 21X completed a month-long pilot of a fully on-chain order book on Zero, a private, permissioned blockchain. The system processed up to 10,000 order matches per second—about 45 times the cited institutional-grade EVM baseline. Focused on tokenized US equities, the pilot combined matching and settlement in the same transaction, without off-chain matching. 21X is a licensed trading and settlement venue under the EU DLT Pilot Regime. The on-chain order book test points to potential gains in blockchain performance for institutional trading, but does not prove readiness for broad commercial use or public-network conditions.

BitMart founder Sheldon Xia says the exchange’s security team is severely understaffed as it restructures and struggles to retain technical staff. The BitMart hack on November 2 involved about $391,000 in suspicious transfers across Base, Arbitrum and Optimism, according to blockchain analytics firm Bitquery. The funds were traced to a wallet also linked to the separate Mercado Bitcoin exploit, initially reported at $48.6 million and later cited as about $46 million. A connection between the attacks has not been independently confirmed. The BitMart hack comes as the exchange winds down: it announced plans to stop trading in August and cease operations in January 2027. Xia called the amount taken small but did not clarify whether customer balances were affected or whether users would be reimbursed. Proposed recovery options may require court approval. The incident adds to concerns about exchange security and customer access to funds during a shutdown.

Standard Asset Company (SAC), an Abu Dhabi-based proprietary investment firm, plans to raise $1.5 billion for a 10-year strategy combining a Bitcoin reserve with income-producing UAE hotels and branded residences. The company says property income could fund Bitcoin purchases and selected real estate investments, with allocations reviewed quarterly. It has not disclosed how the capital will be divided or given a purchase timeline. Earlier details described phased Bitcoin buying based on valuation and liquidity, and a managed-yield strategy accounting for liquidity and counterparty risks; SAC has not provided further specifics on that strategy. Coinbase Asset Management will exclusively manage SAC’s Bitcoin holdings. SAC is registered in Abu Dhabi Global Market and says it invests its own capital, but it is not licensed to provide financial services to third parties and does not promise returns. Traders may watch for property acquisitions, Bitcoin purchase disclosures and yield details. The plan signals institutional interest in Bitcoin, but its direct market impact remains uncertain until the size and pace of buying are clear.

Mercado Bitcoin plans to begin a phased reopening on 9 November after a security incident. The first stage will restore website access so users can check balances, statements, assets and investments. Trading, transfers and withdrawals will resume only after each service passes final security checks; no date for full access has been confirmed. Mercado Bitcoin says customers will not lose assets and that it will use its own funds to compensate users affected by the incident. The exchange, working with Tether, Circle, Paxos, BRL1, Chainalysis and security experts, says it has frozen more than $15 million in related assets, up from the previously reported $12.9 million. The phased reopening marks progress towards restoring operations, but traders should note that access to trading and withdrawals remains uncertain.

Tokenized CRCL has grown rapidly, reaching about $388 million in value—roughly 2% of Circle Internet Group’s $19.4 billion market capitalisation. The market nearly doubled from its late-August level, topped $406 million in early November 2026 and grew 2,961% year over year by late October. More than 42,200 wallets held tokenized CRCL by October 20, while net minting added about $345 million over the previous year. Circle does not issue these tokens. Third-party platforms custody underlying CRCL shares and issue tokens designed to track their price. Binance bStocks, xStocks and Ondo Finance account for about 94% of supply; BNB Chain holds roughly 62% of market value, with Solana also an important venue for decentralised trading. xStocks’ CRCLx led holder counts at about 20,800, followed by a Robinhood-linked version at 12,700 and Ondo’s CRCLon at 4,800. Binance also offers CRCLb. Tokenized CRCL provides economic exposure to Circle shares, not voting rights, and may offer 24/7 trading, fractional ownership and DeFi use. About $7.7 million of CRCLx was deposited in DeFi, up from roughly $2.9 million in mid-August, with activity reported on Raydium, Uniswap and Kamino Lend. The expansion points to rising onchain demand and could support purchases of underlying shares, but traders should watch fragmented liquidity, concentration among issuers and chains, and custody, smart-contract and 1:1 backing risks.

Super Micro Computer reported record fiscal Q1 2027 revenue of $19.9 billion, up 298% year on year and 79% from the previous quarter, as demand for AI data-center equipment surged. GAAP net income was $1.594 billion, or $1.75 per diluted share, and AI-related products accounted for 71% of sales. One customer generated 44% of revenue, up from 28% over fiscal 2026, highlighting customer-concentration risk. Super Micro raised its FY2027 revenue forecast to $72 billion-$82 billion from $65 billion-$72 billion and expects Q2 revenue of $19.5 billion-$21.5 billion. It plans to expand production to more than 8,000 racks per month by December. However, non-GAAP gross margin was 12.8%, operating cash flow was negative $434 million, and cash of $6.9 billion was below $8.6 billion in debt and convertible notes. Traders will watch margins, cash generation, production execution and customer diversification. The results underscore strong AI-infrastructure demand, but Super Micro’s performance is not a direct catalyst for cryptocurrency prices.

Block has set aside $764 million for a proposed three-year deferred prosecution agreement with the U.S. Department of Justice over alleged failures in its anti-money-laundering programme. The deal is not final and requires court approval; its gross monetary component is about $964 million before credits for earlier regulatory resolutions, and the ultimate cost could be higher. The investigation followed inquiries opened in 2023, after a separate $40 million fine from New York’s financial regulator in 2025. Block’s third-quarter Bitcoin gross profit fell 50% year over year to $52 million, while Bitcoin ecosystem revenue declined 11% to about $1.8 billion. Higher trading volume was offset by lower fees and a lower average Bitcoin price, reducing gross profit per revenue dollar to about 2.9 cents from 5.1 cents. Block said lower Cash App transaction fees were a key factor. In contrast, company-wide gross profit rose 22% to $3.24 billion, and Block raised its 2026 gross profit forecast to $12.626 billion. The legal settlement adds company-specific financial risk, while weaker Bitcoin margins may draw investor scrutiny; neither development alone signals a broader shift in the crypto market.

Apex Group, T-REX Network and the ERC-3643 Association have launched a modular tokenized bond compliance framework aligned with SWIFT standards. Chainlink supports cross-chain transfers with CCIP, automated compliance rules with ACE, and pricing data with Data Streams. The framework embeds identity, eligibility and transfer requirements in ERC-3643 tokens, using T-REX Network as a central record while allowing assets to move across blockchains. The partners plan to demonstrate end-to-end digital asset workflows at the Singapore FinTech Festival, and SWIFT has joined the ERC-3643 Association. More than $32 billion in assets across over 20 jurisdictions have been tokenized using ERC-3643. Apex, which services more than $3.5 trillion in assets, is targeting $100 billion in tokenized assets on T-REX Network by June 2027. The Polygon-based T-REX Ledger is expected to launch its mainnet in Q4 2026. The tokenized bond framework could ease institutional adoption by connecting on-chain compliance with established financial standards, but its impact depends on the ledger launch and issuer uptake. The announcement alone does not establish significant near-term demand for Chainlink’s LINK token.

ApeChain plans to replace LayerZero with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the Yuga Labs ecosystem’s standard cross-chain infrastructure. APE, USDC and other key assets are expected to adopt Chainlink’s Cross-Chain Token standard. The change expands Chainlink CCIP’s role, but no migration deadline, new supported-chain list, transfer route or fee details have been announced. ApeChain has not cited a security failure as the reason for the switch. Its existing APE deployment uses LayerZero’s Omnichain Fungible Token standard and spans multiple networks. For traders, the transition could affect APE and USDC cross-chain liquidity and transfer costs, but the immediate price impact is uncertain. Holders should wait for official migration instructions and verify bridge routes and token contracts before transferring funds. No LINK staking requirement or ApeChain-specific fee schedule was announced.

Whale Alert and blockchain monitoring data reported that 2,878 BTC, worth about $231.9 million, moved between two unknown wallets. The BTC transfer involved no identified exchange, and no sale was confirmed. The wallets’ identities and the purpose of the transaction remain unknown, so the BTC transfer alone does not show whether the holder intends to trade. Traders may watch for further on-chain activity for additional context.

The US Second Circuit Court of Appeals rejected requests from Kalshi, Coinbase and the Commodity Futures Trading Commission to pause state enforcement while appeals proceed. The decision leaves New York and Connecticut free to pursue actions against the prediction-market products at issue, but does not decide whether the federal Commodity Exchange Act overrides state gambling laws. The court has not published detailed reasoning, and the appeals remain pending. Kalshi faces cases in both states, and New York is seeking at least $36 billion in penalties. Coinbase is challenging Connecticut’s action and has said its prediction-markets business generates more than $200 million in annualized revenue. The ruling leaves both companies without interim federal protection, adding legal uncertainty for prediction markets, but it is not a final judgment on the products’ legality.

House Democrats are planning investigations into Donald Trump’s business interests if they take control of the House in January, building on earlier proposals for a broader inquiry should Democrats win both chambers of Congress. House Oversight Committee chair Robert Garcia has named the Trump family’s business dealings a priority, and lawmakers could use subpoena powers to seek documents and testimony. The proposed Trump crypto investigation is expected to focus on World Liberty Financial, the family’s DeFi and stablecoin venture, and a reported $500 million UAE-linked investment that gave an investment vehicle a 49% stake shortly before Trump’s January 2025 inauguration. The project’s USD1 stablecoin has received conditional approval for a federal trust bank charter, with final approval pending. Democrats may also examine Trump’s October 2025 pardon of Binance founder Changpeng Zhao; Zhao has denied business ties to the Trump family or discussions about clemency. Earlier reporting also pointed to possible scrutiny of pardons for donors and agreements with law firms. Trump’s financial disclosure listed more than $1 billion in crypto-related income, while Reuters estimated the family’s crypto earnings at $2.3 billion or more. The Trump crypto investigation is unlikely to produce legislation because Democrats lack the votes to override a presidential veto, but it could add political uncertainty for crypto firms and Trump-linked projects and complicate progress on the Clarity Act. The effect on token prices is uncertain and may depend on whether the inquiries lead to regulatory action.

The Philadelphia Semiconductor Index fell 3.01% to 10,281.47 in intraday trading on 4 November, extending its decline as losses spread across major chipmakers. Micron dropped 4.91%, Intel fell 4.29% and ASML lost 3.23%. Nvidia, Broadcom and TSMC also declined, while AMD edged up 0.32% and Qualcomm gained 2.29%. The Philadelphia Semiconductor Index sell-off points to weakness across much of the technology sector, although individual stocks diverged. The move may offer a broad risk-sentiment signal for crypto traders, but it does not directly indicate a change in cryptocurrency prices.

Texas governor-elect Gina Hinojosa has called for a pause on new data center approvals until rules address residents’ concerns, including electricity bills and water use. The proposal has heightened uncertainty over Texas data center projects, as the state accounts for about a quarter of planned US capacity. More than half of the power capacity held or planned by miners covered by Bernstein is in Texas. Bernstein cut its price targets for seven Bitcoin mining companies by 35% to 54%, citing tighter financing conditions and uncertainty over project approvals. The companies are Cipher Mining, IREN, TeraWulf, Core Scientific, Riot Platforms, MARA Holdings and CleanSpark. Analysts expect tougher rules could delay projects and raise costs, rather than stop construction altogether. The outlook is mixed for Bitcoin miners expanding into AI data centers. Companies with approved grid connections may benefit if new power capacity becomes harder to secure, while projects still awaiting approval face greater risk. Traders can track permitting, power availability, financing costs and AI hosting contracts. The news puts pressure on mining stocks and their data center plans, but does not directly change Bitcoin’s network fundamentals or supply.

After a sell-off tied to uncertainty around the US midterm elections, the crypto market recovered. Analyst Ali Martinez says Ethereum (ETH), Solana (SOL), Cardano (ADA), Sui (SUI), Aave (AAVE) and Chainlink (LINK) have potential TD Sequential buy signals on three-day charts. The indicators may support an altcoin recovery, but do not guarantee a rebound. ETH fell about 22.6% from $2,806 to $2,171. Martinez cited $2,500 and $2,700 as possible targets if buying pressure strengthens. SOL dropped 27.3% from $124 to $90; if $90 support holds, $105 and $120 are potential levels. ADA fell about 35%, with $0.226 and $0.26 in focus. For SUI, $0.90 is resistance, with $1.10 and $1.20 as possible targets after a breakout. Martinez also noted bullish divergence in SUI. AAVE levels are $146 and $176, while LINK faces resistance at $11.30, with $12.70 and $14 as potential targets. Michael van de Poppe said altcoins could outperform Bitcoin as election uncertainty fades. The altcoin recovery case remains conditional: traders will be watching support, volume and broader market conditions. These technical signals and price levels are not guarantees or investment advice.

Official Trump (TRUMP) fell after Democrats won both chambers of Congress in the November 3, 2026 midterm elections. An earlier report put the 24-hour decline at 10%, with the token near $1.44, its lowest level since August, and its market value around $400 million. The latest report recorded a 7.13% fall to $1.47, the steepest 24-hour decline among the top 100 cryptocurrencies, even as most of the wider crypto market rose. It also noted that the token had fallen out of the top 100 by market capitalisation. Other Trump-linked tokens weakened too: MAGA (TRUMP) fell 4%, Pepe Trump (PTRUMP) lost 2%, and MELANIA dropped 10% to about $0.07, with a market value near $70 million. The different price and percentage figures reflect separate reporting snapshots. The timing points to selling pressure on politically themed meme coins, but does not prove the election caused the decline or signal a broader crypto-market trend.

WLFI fell as much as 11% during US midterm election night and ended nearly 5% below its early-evening level, while Bitcoin (BTC) recovered from an earlier decline. Official Trump (TRUMP) also dropped about 10% to around $1.41, and Official Melania Meme (MELANIA) traded near $0.072, showing that Trump-linked tokens were not following Bitcoin’s rebound. Political selling and thin demand may have amplified WLFI’s move. The token also faces legal uncertainty amid its dispute with investor Justin Sun, who said on November 3 that his lawyers had moved to sanction the company, alleging it failed to disclose his UAE citizenship in their lawsuit. Sun has said he agreed to buy $30 million of WLFI tokens, later increasing the amount to $45 million. The divergence from Bitcoin and the legal overhang could keep pressure on WLFI and related tokens.

The TRUMP token fell 7.1% to about $1.47 and WLFI dropped roughly 5% to around $0.05 after Democrats won control of both chambers of Congress. The result has renewed uncertainty over President Donald Trump’s crypto agenda and the stalled CLARITY Act, which would define SEC and CFTC oversight, although the election alone does not explain the tokens’ declines. Project-specific concerns, including speculation, token supply and adoption, also weigh on them. Bitcoin recovered from about $75,600 to $78,300, while the CoinDesk DeFi Select Index gained around 5%. Injective and Morpho rose about 6%, and the CoinDesk 80 Index advanced 2.3%, with Venice’s VVV, Zcash and NEAR also higher. Bitcoin’s rebound alongside losses in politically linked tokens points to divergent sector performance and makes project-specific catalysts important for traders.

Russia plans to launch regulated crypto trading on Dec. 1, following a pilot involving professional market participants. The Moscow Exchange says its existing licence covers the service and that customers will initially be able to trade Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) through order books and swaps. Sberbank also plans to offer customers crypto buying, selling, deposits and withdrawals. The framework took effect on Sept. 1, and more than 20 organisations have since been registered by the Central Bank of Russia as exchanges or custodians. Non-professional investors will face limits, while strict licensing rules have challenged smaller firms and some foreign platforms have exited. Russia’s Finance Ministry estimates that about 20 million people hold more than $44 billion in crypto, with daily transactions near 50 billion roubles. Sberbank forecasts a domestic crypto market of at least 4 trillion roubles in its first year, but expects only about 20% of trading to take place on exchanges. Regulated crypto trading could expand domestic access, though tight controls and links to sanctioned entities may constrain international access and liquidity.

Bitcoin’s rally first carried it above $80,000, with the price reaching about $80,270. More than $415 million in crypto positions were liquidated during the initial move, including roughly $330 million in shorts and about $86 million in Bitcoin shorts. Over 24 hours, liquidations topped $510 million and affected more than 119,000 traders. Bitcoin later climbed above $84,000, triggering nearly $83 million in short liquidations. Forced short closures can add buying pressure and amplify a rally, but this squeeze was smaller than the September 21, 2026 breakout, when about $262 million in shorts were liquidated in an hour. That earlier surge also coincided with spot Bitcoin ETF inflows, easing selling pressure and a Federal Reserve rate decision. The initial move above $80,000 came as rate-hike expectations fell, with CME FedWatch putting the probability at 50.4%. The latest liquidation figures may point to fewer bearish positions or lower leverage. Traders should watch whether Bitcoin can hold above $84,000: sustained spot demand may matter more than short covering, while a retreat below key levels could expose leveraged longs to liquidation.

Bitcoin rebounded to about $81,000 after falling to a seven-week low of $75,600 following the US midterm elections. Earlier data put BTC near $80,510, up 4.2% in 24 hours. The sharp Bitcoin rally triggered a market-wide short squeeze, although liquidation totals vary between reports. CoinGlass data in the later report showed $380 million in short positions and $90 million in long positions liquidated in one hour. The earlier report put one-hour total liquidations at $465 million, including $377 million in shorts. Over 24 hours, more than $910 million to $915 million in positions were liquidated across roughly 117,000 traders. Bitcoin liquidations reached $229 million in the earlier report, with shorts making up 96.4%; Ethereum liquidations totaled $170 million. The later report said ETH rose more than 6% to $2,440 and XRP moved above $1.30. The largest reported liquidation was a $38 million ETH/USDT position on HTX. US stocks also rallied as trading began, with the S&P 500 up nearly 2% and the Nasdaq and Dow Jones gaining more than 2%. The Bitcoin rebound and heavy short liquidations signal a rapid shift in leveraged positioning, but elevated volatility could persist as traders adjust exposure.

An unidentified address transferred 21,294 ETH, worth about $51.84 million at the time, to Coinbase Institutional at 23:17 Beijing time on 4 November. The ETH transfer may prompt traders to monitor exchange inflows for potential selling pressure, but the transaction alone does not confirm a sale. No information was provided about the wallet owner or the purpose of the transfer.

Binance says it has replenished about 98% of assets affected by its security incident and will cover all losses from the theft. The exchange has reserved more than the required value from its own funds and is still acquiring the remaining 2%, which consists of less-liquid tokens, through market and over-the-counter channels. Binance also took a proof-of-reserves snapshot on 4 November covering 44 tokens, up from 10 previously. Generating the zero-knowledge proof is expected to take 50–60 hours; users will then be able to check whether their balances have at least 1:1 reserve backing. Binance says it is continuing efforts to restore withdrawals fully. The recovery and expanded reserves disclosure may reassure users, although the timing of full withdrawal services and the remaining asset purchases remain relevant to confidence in Binance.

Riot Platforms completed its Bitcoin custody transfer from NYDIG Trust Company to BitGo Bank & Trust on October 29, ending an agreement that began in November 2023. The company said it paid no early termination penalty. Under the new terms, BitGo holds Riot’s assets in segregated accounts, and Riot can leave with 14 days’ notice without a fee. Earlier reports linked the custody change to Riot repaying a $200 million Coinbase credit facility and releasing Bitcoin previously pledged as collateral. The transfer amount and Riot’s reasons for changing custodians were not disclosed. Riot sold 20,264 BTC in the first nine months of 2026 for about $1.5 billion and held 2,418 BTC, worth roughly $202 million, at September’s end. Its contracted data center capacity reached 1,151 megawatts as it shifts resources toward expansion. The custody move itself does not signal a change in Bitcoin ownership or an immediate sale, but Riot’s Bitcoin sales and data center strategy remain relevant to traders tracking miner supply and Bitcoin-market exposure.

Bitcoin recovered to about $78,300 after falling to $75,618 on election night, as traders appeared to have priced in the Democrats’ control of both chambers of Congress. Heavy call buying on election day supported the rebound, but Bitcoin now faces resistance near $82,000. US spot Bitcoin ETFs recorded roughly $1.16 billion in outflows over three sessions, and BTC remained about 27% below its level a year earlier, highlighting continued demand concerns. The election result could complicate US crypto policy. The CLARITY Act may have a limited window to pass before the new Congress begins on Jan. 3, while incoming committee leaders could scrutinise Trump-linked crypto ventures and regulatory decisions. The GENIUS Act is still scheduled to take effect on Jan. 18. Although crypto-related election spending exceeded $170 million, several industry-backed candidates lost. For Bitcoin, the immediate price response suggests the political outcome was largely anticipated; ETF flows, macroeconomic conditions and uncertainty over future regulation remain important drivers.

Bitcoin rebounded from below $76,000 to about $78,300 after clearer U.S. midterm election results eased political uncertainty. Reports that Democrats had won both chambers initially weighed on BTC, as a Democratic-controlled Congress was seen as less supportive of pro-crypto legislation. Analysts noted, however, that divided government could limit major policy changes, while President Donald Trump retains executive and veto powers. Bitcoin options block trading reached about $660 million in notional value on election day, more than twice the previous day. Reports cited roughly $420 million in call options bought and $105 million sold, alongside another $230 million in call buying. The activity points to demand for upside exposure, although options can also be used to hedge or trade volatility. Bitcoin’s daily stochastic indicator was described as oversold, with one analyst identifying $82,000 as a possible target. Nasdaq futures also turned positive after falling more than 2%. The rebound suggests election-related volatility may be easing, but the longer-term outlook for U.S. crypto legislation remains uncertain.

NEAR Mobile says its wallet has surpassed 1 million downloads and ranked among Finance apps in 38 countries over a recent 31-day period. It placed first in Serbia, second in Hungary, and fourth in Moldova and Oman, according to company-cited app rankings. Version 4.0.0 adds gasless transactions for supported actions, including cross-chain swaps powered by NEAR Intents, with NEAR Mobile covering relayer fees. The self-custodial wallet provides access to more than 120 assets across 35-plus blockchains, with unified balances intended to reduce manual bridging and the need to hold each network’s native token for fees. The announcement says NEAR Intents has processed more than $33 billion in cumulative volume. NEAR Mobile also supports NEAR and NPRO staking, with the release citing up to 8.58% APY for NPRO, as well as wallet recovery. These adoption and product claims come from a company announcement; the update does not indicate direct changes to NEAR’s token economics.