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Fri 6 Nov
GMX DAO votes on moving about $7m of treasury assets to POL multisig
GMX has put a proposal on Tally to fund the second phase of its $10m GMX token market-making programme, asking holders to vote or delegate. Treasury-held WETH, WBTC, Wrapped SOL, LINK, USDC, GMX, ARB, AAVE, UNI and PEPE would move in kind to a 4/7 GMX POL multisig on Arbitrum One; voting runs from 6 Nov to 11 Nov.
CryptoQuant says Bitcoin rebound is fading as spot demand stays weak
CryptoQuant says Bitcoin failed to hold its rebound above $80,000 and fell back to $75,000-$76,000 as US tech and AI stocks sold off. It says spot demand, ETF flows and stablecoin liquidity must improve for a sustained recovery.
Previous related news
- CryptoQuant's Julio Moreno says Bitcoin faces pressure as demand and stablecoin liquidity fall
- CryptoQuant says Bitcoin's October rally has failed as US demand shrinks
- CryptoQuant says Bitcoin buy-side absorption still lacking as short-term gains narrow
Gate sees about $203m net inflow in 24 hours, third among centralised exchanges
DefiLlama data shows Gate took in about $203m in net inflows over the past 24 hours, ranking third among centralised exchanges worldwide.
Previous related news
- Gate sees about $194m net inflow in 24 hours, topping centralised exchanges
- Gate records $58m net inflow over 24 hours, second among centralised exchanges
- Gate ranks second among centralised exchanges with $444m net inflow over 30 days
Robinhood says its chain aims to be the top network for RWAs and memes
Vlad Tenev says tokenised stocks are live on Robinhood Chain and open to developers, with AI agents able to interact with them. Robinhood says existing chains do not fully meet its needs and it wants its chain to lead in RWAs and memes.
Samsung CEO Roh Tae-moon buys 3,000 shares for KRW 630m
Samsung Electronics CEO Roh Tae-moon bought 3,000 ordinary shares on 6 November at an average of KRW 210,000 each, about KRW 630m, raising his holding to 127,280 shares from 124,280. Samsung closed down 6.35% at KRW 188,700 the same day.
Hong Kong sets up task force for crypto asset tax reporting from 2027
Hong Kong will start crypto asset reporting in 2027, covering Bitcoin, ether, Solana and other assets, and has formed a task force to support the framework. Deputy Secretary for Financial Services and the Treasury Chen Haolian said reporting service providers linked to Hong Kong must register with tax authorities and keep due diligence records.
CoinGlass data points to $1.05bn in short liquidations above $77,081
CoinGlass data indicates a Bitcoin break above $77,081 could liquidate $1.05bn of short positions on major centralised exchanges, while a fall below $74,079 could liquidate $1.38bn of longs.
South Korea's Bae Kyung-hoon says AI data centre investment must not stop
Deputy Prime Minister Bae Kyung-hoon said South Korea must not halt or delay AI data centre investment amid fears of a global pullback, and that France and Canada may see US hesitation as an opportunity. He said long-term sentiment remains upward.
Whale sells 1 million UNI worth about $7.32m over two days, Lookonchain says
Lookonchain says a whale sold 1 million UNI, worth about $7.32m, over the past two days. A year ago the same whale received 20.32 million UNI, then worth about $139m, from the Uniswap UNI Timelock wallet.
Mastercard wins two US patents on crypto transfer risk and privacy
Mastercard was granted two US patents on 3 November, published on 6 November, for assessing money-laundering risk before a crypto transfer and for processing transfers privately among authorised nodes. The first analyses a recipient's past transactions and the sender's risk score after a transfer; the second uses a central system to verify balances and prevent double spending.
Singapore police say crypto exchange tie-up stopped $17.4m in scam losses
Singapore Police said a joint operation with crypto exchanges including Coinbase and OKX, using blockchain analysis and customer data, identified more than 383 scam victims and prevented $17.4m in losses, with intelligence shared with the FBI and other agencies.
Menlo Ventures says 89% of US open-model spend goes to Chinese AI models
Menlo Ventures' 2026 enterprise AI report found 89% of US corporate spending on open-source models went to Chinese models, with Kimi at 61%, DeepSeek at 15% and GLM at 11%, First Financial reported.
Meme coin GM tops $3m after Musk and CZ exchange memes
Elon Musk replied to a crypto user on X with a blurred CZ meme hinting at a broad crypto decline, and CZ answered with a Skyrim meme; OKX CEO Star also joined in. GMGN data shows the related GM (GREEN MORNING) meme coin's market value passed $3m, up more than 259% in a day.
Saxo's Charu Chanana says it is too early to call a bear market
After Wall Street's overnight slump, Saxo chief investment strategist Charu Chanana said it is too early to declare a bear market, citing panic, forced selling and worsening sentiment. She said the hit is concentrated in the AI investment cycle, regulatory uncertainty and crowded positioning, and that a rebound could come quickly once selling eases.
Bithumb to suspend XPLA deposits and withdrawals on 7 Nov
South Korean exchange Bithumb will temporarily suspend XPLA deposits and withdrawals from 03:00 UTC on 7 Nov to support a Conx (XPLA) network upgrade.
Mirae Asset Securities executive Noh Yong-woo named DigitalX CEO
Mirae Asset Group has picked Noh Yong-woo, a vice president in Mirae Asset Securities' innovation promotion unit, as chief executive of DigitalX, formerly Korbit. His formal appointment is expected after South Korea's Financial Intelligence Unit reviews the virtual asset service provider's change filing and a shareholders' meeting and board approval follow.
Address withdraws 9,777 ETH worth $22.5m from Binance in four days
On-chain analyst Ember says an address withdrew a cumulative 9,777 ETH worth $22.5m from Binance to on-chain over the past four days, at an average price of about $2,304.
Asian chip sell-off wipes more than $18bn from 22 billionaires' wealth
As a global tech sell-off spread to Asia, 22 billionaires from China, Japan and South Korea in the world's 500 richest people lost more than $18bn, later down from over $21bn, by 02:00 UTC. Masayoshi Son lost the most, $3.9bn, leaving him about $29bn.
Whale sells 674 million PUMP for $2.59m in USDC at a $409,000 loss
A whale identified as FGjDGz sold 674.32 million PUMP tokens for 2.59 million USDC seven hours earlier, taking a loss of $409,000, Lookonchain's monitoring shows.
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