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Thu 5 Nov
Seoul court dismisses Dunamu's plagiarism suit against Bithumb
Seoul Central District Court's civil division 63 dismissed all of Dunamu's claims against rival exchange Bithumb over alleged copying of its API documentation and ordered Dunamu to pay all costs. Dunamu had sought about KRW 200m ($140,000).
BlockSec says TENDRIL/USDT pool on BNB Chain attacked for about $556,000
BlockSec says an attacker used about $30.6m in flash-loan USDT to manipulate the TENDRIL/USDT pool on BNB Chain, exploiting a 30% sell-tax flaw to drain roughly $4.42m in USDT and repay the loan in the same transaction, netting about $308,960.
Zhao Changpeng says users should revoke SignalPlus API keys
Binance co-founder Zhao Changpeng said users of the options platform SignalPlus on any trading venue should revoke all their API keys, adding that API keys are generally best not stored on third-party platforms.
Hong Kong official says compliant international crypto platforms may apply for licences
Acting Treasury Secretary Herman Chan says international virtual asset trading platforms that meet statutory and Securities and Futures Commission requirements can apply for licences, and that the SFC will submit an anti-money-laundering amendment bill to LegCo by the end of the year.
Previous related news
- Hong Kong plans licensing regime for virtual asset trading, custody and advice
- Hong Kong reaffirms plan to submit crypto licensing bill amendments by end-2026
- Hong Kong to submit bill this year for virtual asset trading and custody licensing regime
Brent crude rebounds briefly to $100 a barrel, down 5.7% in 24 hours
Brent crude rebounded briefly to $100 a barrel and last traded at $100.01, down 5.7% over 24 hours, according to Gate data.
KBIPA submits tokenised securities amendment proposals to South Korea's FSC
The Korea Blockchain Industry Association has sent the Financial Services Commission nine main proposals and 10 technical amendments on tokenised securities, including letting qualifying third-party tech firms run validation and consensus nodes and allowing the Bank of Korea to take part in node operation.
Trump election setback may ease pressure on Fed, Sahm says
Trump faced strong voter backlash, which some Fed watchers say could reduce political pressure on chair Kevin Warsh and let him focus on inflation. New Century Advisors' Claudia Sahm said the Fed may not need to raise rates again if the result pushes Trump to end the Iran conflict and drop further tariffs.
Loopscale pauses protocol after sustained attacks, user funds safe
Loopscale says a highly skilled attacker has targeted it continuously for a week, with its API receiving over 30,000 malicious requests a day. The SOL and USDC Genesis Vaults were hit and have been recapitalised, with no user deposits lost, and normal operations stay paused.
Bitcoin holds above $80,000 as short squeeze drives rebound
Bitcoin held above $80,000 at about $80,250, up 2.5% over 24 hours, with about 65% of $715m in crypto futures liquidations coming from shorts, suggesting forced short covering rather than fresh buying drove the rebound.
Meta decides to stop naming its AI models after fruits
Meta has decided internally to drop fruit codenames for its AI models, mainly for branding reasons, with its latest model, Wonder Full, codenamed Watermelon. Meta says Wonder Full is its first model to reach the frontier level; earlier models were named Avocado and Mango.
South Korea plans to let crypto losses be carried forward to 2032
South Korea's government plans to delay crypto taxation to 2029 and let investors carry losses forward to offset taxable gains through 2032, with the proposal needing parliament to amend the Income Tax Act.
MRNA rises 10.8% in 24 hours to $257.29
MRNA rose 10.8% over 24 hours and was trading at $257.29, according to MSX.COM data.
American Bitcoin Corp holdings reach 8,427 BTC after 127 BTC purchase
Bitcoin miner American Bitcoin Corp (ABTC), which is backed by the Trump family, has added 127 BTC and now holds 8,427 BTC, according to monitoring by Bitcoin Treasuries.
Binance XRP reserves rise 280m in two days after 29 Oct hack
Binance's XRP reserves climbed by about 280 million tokens in two days, from 2.35 billion on 3 Nov to 2.63 billion on 5 Nov, CryptoQuant data show. Net large XRP transfers flipped from an outflow of 226 million on 29 Oct to an inflow of 273 million on 4 Nov.
Polymarket odds on Nvidia being world's most valuable firm in November fall to 37%
Polymarket puts the chance of Nvidia ending November as the world's most valuable company at 37%, down 40% in 24 hours. The market settles on market capitalisation at the close on 30 November 2026, not on intraday highs.
Kazakhstan invests about $100m in crypto funds including Brevan Howard Digital
Kazakhstan has invested about $100m in crypto funds, including Brevan Howard Digital.
CRWV falls 11.1% in 24 hours to $47.56
CRWV dropped 11.1% over 24 hours and last traded at $47.56, MSX.COM data shows.
Tencent Hunyuan scales Hy4 inference cluster tenfold after WorkBuddy surge
Tencent Hunyuan said it expanded its Hy4 inference cluster tenfold after the model launched on WorkBuddy on 4 Nov, and raised free usage quotas, though peak demand may still cause limits.
Nasdaq-listed TRON buys 155,372 more TRX for about $49,470
Nasdaq-listed TRON bought a further 155,372 TRX at an average price of $0.3218, worth about $49,470, Onchain Lens says. Its cumulative TRX holdings now exceed 722.10 million.
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