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Thu 5 Nov
Zcash to activate NU7 upgrade, freezing about $16m of ZEC in Sprout pool
Zcash holders must move about $16m of ZEC out of the Sprout privacy pool before the NU7 upgrade, expected around 02:30 UTC on 6 Nov (02:30 UTC). About 12,226 ZEC, worth roughly $16m at $1,300 each, remained in the pool on Thursday morning.
T3 alliance of Tron, Tether and TRM disbands as hacks surge
The T3 crime-fighting alliance between Tron, Tether and TRM has disbanded as cooperation frayed amid a surge in hacks.
Yoo Dong-soo says South Korea to submit stablecoin bill in November
Yoo Dong-soo, chair of South Korea's National Policy Committee, said the government's digital asset basic law, including stablecoin measures, will go to the National Assembly in November and be handled as quickly as possible.
South Korea says no sanctions talks yet over North Korea's alleged Binance theft
A South Korean unification ministry official said Seoul has not begun discussing sanctions on North Korea over its alleged theft of more than $6bn in crypto assets from Binance, as it is still gathering details.
Previous related news
- CZ says AI speeds up cyberattacks faster than banks can strengthen defences
- Binance says withdrawals to resume on ETH, BSC, Base, TRX and other networks
- Binance says more asset withdrawals to open in stages from 5 November
LITE falls 10.1% over 24 hours to $603.66
LITE dropped 10.1% in 24 hours and was trading at $603.66, according to MSX.COM data.
Arkansas sues KalshiEX and Kalshi Inc over alleged illegal gambling
Arkansas Attorney General Tim Griffin has sued KalshiEX LLC and Kalshi Inc, alleging they offer an illegal gambling platform in the state without the required licence and breach its Deceptive Trade Practices Act. The state seeks compensation, fines, taxes and an injunction.
XRP Ledger activates fixCleanup3_4_0 to close token minting loophole
The XRP Ledger activated a fix called fixCleanup3_4_0 at 14:52 UTC on 4 Nov, closing a flaw that let accounts authorised only to burn an issuer's tokens create new ones under certain conditions. The flaw affected issued assets on XRPL, including stablecoins, but not XRP itself, and no confirmed exploitation cases are public.
South Korea's KOSPI falls 5.6% as sell-side sidecars trigger on KOSPI and KOSDAQ
South Korea's KOSPI index fell 5.6%, triggering sell-side sidecar mechanisms on both KOSPI and KOSDAQ, while SK Hynix shares extended losses to 10%.
Ondo Finance sees strong global demand for Korean stocks, EastPoint says tokenisation upside
Ondo Finance is seeing strong global demand for Korean stocks, while EastPoint says tokenisation offers bigger upside, at EastPoint: Seoul 2026.
Trader degentrading says semiconductor overhang may cap rebound as he favours China tech and crypto
Trader degentrading (@degentradingLSD) said trapped long positions in semiconductors could limit any rebound to selling near break-even unless a painful liquidation brings a V-shaped recovery. He cited Citrini's view that AI capital spending growth has peaked and said he sees long opportunities in Chinese tech stocks and crypto.
Yoo Dong-soo says digital asset basic act proposal due soon despite delay concerns
Yoo Dong-soo says the government's proposed Digital Asset Basic Act will be released soon, amid concerns about delays.
Previous related news
- South Korea to seek two-year delay to crypto income tax, pushing start to 2029
- South Korean progressive parties oppose Democratic Party plan to delay virtual asset tax
- Kim Min-seok proposes delaying South Korea's crypto income tax
Schroders launches first tokenised investment strategy on Solana as SISF
Schroders' first tokenised investment strategy, the Schroder International Selection Fund Emerging Market Bond, has gone live on Solana under the token ticker SISF, offering on-chain access to emerging-market sovereign and corporate bonds.
3Jane signs forward-flow funding deal with Settle worth up to $100m
3Jane has agreed a forward-flow funding deal with Settle worth up to $100m, starting at $50m with an option to expand. 3Jane, which already holds about $30m of Settle loans, will buy loans from Settle's $240m warehouse facility to support its expansion and the on-chain asset-backed securities market.
Microsoft declines multibillion-dollar expansion deal with UK AI start-up Nscale
Microsoft declined to more than double an existing data centre compute lease in Texas with Nscale, the UK's most valuable AI start-up, leaving it to find new customers or risk losing billions in future revenue as it targets a $35bn listing, the Financial Times reported, citing three people.
Spot Bitcoin ETFs take in $74.6m, led by Fidelity's FBTC
Spot Bitcoin ETFs recorded total net inflows of $74.6m on 4 November, with Fidelity's FBTC leading at $237m, taking its all-time net inflows to $10.4bn. Ark Invest and 21Shares' ARKB followed with $19.9m, for $984m all-time.
Ethereum spot ETFs take in $53m, ending five-day outflow run
Ethereum spot ETFs recorded a combined net inflow of $53m on 4 November, turning positive after five consecutive days of net outflows, SoSoValue data shows.
Frank Chaparro says 245 crypto-friendly candidates won seats in US midterms
Frank Chaparro, GSR's head of content and special projects, says Stand With Crypto election tracking data shows 226 crypto-friendly candidates elected to the House and 19 to the Senate, 245 in total.
US spot ether ETFs post $53m net inflow, ending six-day outflow run
US spot ether ETFs recorded $53m in net inflows on 4 Nov, per Farside Investors, reversing seven straight trading days of outflows. BlackRock ETHA added $32.8m, while BlackRock's staking ETHB lost $22.4m.
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