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Short crypto and markets updates from outlets’ public feeds, rewritten by AI in our own words, credited and linked. Newest first.
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Wed 4 Nov
Hong Kong passes bill adopting OECD crypto tax reporting standard
Hong Kong's Legislative Council has passed a bill adopting the OECD's crypto transaction information reporting standard. Crypto service providers must collect transaction data from 2027, with automatic exchange between tax authorities due from 2028.
Eleanor Terrett says crypto-backed spending failed to stop Sherrod Brown's Senate return
Journalist Eleanor Terrett says more than $64m in crypto industry spending did not stop Sherrod Brown returning to the Senate, where he may lead a committee overseeing crypto. Pro-crypto Republicans Bryan Steil, Zach Nunn and Ann Wagner lost their seats, and Mike Lawler conceded.
ChangXin Memory Technologies rises 12.3% in 24 hours
ChangXin Memory Technologies gained 12.3% over 24 hours and was trading at $6.618.
B.AI adds GitHub account login for developers
B.AI said it now supports signing in with a GitHub account, letting developers access its platform in one step alongside its existing login options.
Revolut valued at $115bn after shareholders sell stakes
Revolut was valued at $115bn after existing shareholders, including employees, sold holdings to other investors, up about 53% from roughly $75bn a year earlier; about 16 million of its 80 million retail customers use crypto services.
Apple bans staff from prediction-market trades on inside information
Apple revised its insider trading policy to bar employees from trading on prediction markets using confidential information from their work, including details about suppliers and business partners, with violations possibly leading to dismissal.
Ethereum data platform L2BEAT rebrands as ETHBEAT
Ethereum Layer 2 data platform L2BEAT has renamed itself ETHBEAT, saying its work now extends well beyond Layer 2. The team says it will keep monitoring Layer 2 but will focus on whether systems built on Ethereum truly deliver Ethereum's guarantees to users.
SOON restores mainnet bridge and RPC services after abnormal withdrawals
SOON says its mainnet bridge was fully restored on 4 November, with bridge and RPC services running again after its monitoring system flagged abnormal withdrawals on 31 October. The foundation says the bug is fixed and no funds were lost.
Address adds $10.8m ZEC short with about $142m in profit
An address added 8,398.37 ZEC to its short position, now holding 21,144.6 ZEC, with about $10.7m opened and $30,000 closed in the window. Its futures account has made about $142m.
Gate gold, silver and oil futures rank in top three network-wide, CoinGlass data shows
CoinGlass data shows Gate's gold (XAU) futures turned over $553m in 24 hours, second network-wide, with gold at $3,948.13, down 0.08%. Gate's silver futures traded $297m across 87,540 trades and its oil futures held $137m, both third network-wide.
RWAI raises $8m to link AI-assisted custom manufacturing with Web3
RWAI, an AI-driven custom manufacturing and real-world asset project, has raised $8m from investors including Amber, UOB Venture and Arkstream Capital. It has launched services on its mainnet and is preparing a community airdrop, with details to follow on its official channels.
Binance SAFU's 7,500 Bitcoin, worth about $572m, moved to unmarked wallet
Binance's SAFU fund moved 7,500 Bitcoin, worth about $572m, to an unmarked wallet at 05:56 UTC on 3 November, which split them into transfers of about 150 and 50 Bitcoin. The coins had left SAFU on 31 October to cover losses from a hot-wallet theft, leaving SAFU just above 7,500 Bitcoin, below Binance's $800m rebalancing threshold.
Previous related news
- Yi He says Binance bars personal use of work computers to deter hackers
- He Yi says stoking hostility after Binance breach erodes industry confidence
- Zhao Changpeng says hostile posts during Binance incident were 'another attack on Binance'
Robert Garcia says 'lawyer up' as Fortune reports WLFI may face first Trump crypto probe
California Representative Robert Garcia, set to chair the House Oversight Committee, said 'lawyer up' as Fortune reported World Liberty Financial may become the first Trump family crypto business investigated. Democrats retaking both chambers will hold subpoena power.
Bitcoin rebounds from $75,700 as options traders place $420m in bullish bets
Bitcoin fell to $75,700 on US midterm election concerns before recovering to about $78,300, with roughly $420m of call options bought, BeInCrypto reported. Wintermute says BTC must reclaim and hold $80,000 with real spot buying to gain further upside.
Alchemy Pay secures Mississippi money transmitter licence, reaching 20 US states
Blockchain-based payment network Alchemy Pay said it has obtained a money transmitter licence in Mississippi, bringing the number of US states where it holds such licences to 20.
Crédit Mutuel Arkéa hit by fraud of at least $133m, funds swapped into crypto
French crypto journalist Grégory Raymond says Crédit Mutuel Arkéa suffered fraud of at least $133m, with fiat funds moved to crypto trading platforms and converted to crypto for transfer. He cites sources saying the money went through accounts at several platforms, including Crypto.com, via an alleged network of mule accounts.
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