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Live · checking for new flashes
Wed 4 Nov
GameFi leads crypto sector losses as meme and PayFi hold firm, SoSoValue data show
Crypto sectors mostly fell over 24 hours, with GameFi down 3.07% as Beam dropped 10.39% and AI down 1.29% as Akedo fell 32.52%, SoSoValue data show. Layer2 slipped 0.16% while SOON rose 8.67%, and Layer1 fell 0.52% as Injective gained 2.12%.
THORChain says swaps resume on some chains after 3.21.1 update
THORChain says swaps have resumed on AVAX, BASE, BCH, BTC, DOGE, ETH, LTC, RUNE, TRON, XRPL and ZEC after its 3.21.1 update, while trading stays halted for ATOM, BSC and SOL. It says 14 active nodes have yet to upgrade, and all must do so to fix swap performance issues.
Gate adds Taiwan stocks, expanding stock service to five markets
Gate has launched Taiwan stock trading covering 19 TWSE-listed stocks, including TSMC, MediaTek, Hon Hai and Quanta, tradable with USDT from 09:00 to 05:25 UTC on regular trading days. The service now spans US, Hong Kong, Korean, Japanese and Taiwanese markets, with over 12,800 stocks and ETFs.
Tiger Research says JPMorgan blockchain deposits carry 0.03% of payment volume
Tiger Research says JPMorgan's Kinexys blockchain deposit accounts handle up to $3.5bn a day, 0.03% of its $12tn daily payment flows, while tokenised fund JLTXX drew $800m in two months.
Crypto-backed House candidates ahead in early US midterm counts
Early US House results show crypto-backed candidates leading, among them Josh Gottheimer and Rob Menendez in New Jersey and several Georgia races. Anchorage Digital's Kevin Wysocki flagged Kentucky's sixth district, where Ralph Alvarado led Zach Dembo with under 24% counted.
Yeti0x swaps $2.49m of KHYPE for HYPE and deposits it into Hyperliquid
Yeti0x moved about $2.49m of KHYPE out of a multisig wallet and swapped it for 29,870 HYPE, worth roughly $2.45m, depositing the tokens into Hyperliquid. The wallet has begun selling HYPE on the spot market, according to Onchain Lens.
US HYPE spot ETF logs $605,100 net inflow; ZEC and NEAR funds see outflows
US HYPE spot ETFs recorded $605,100 in single-day net inflows on 3 November, while ZEC and NEAR spot ETFs saw net outflows of $3.58m and $3.60m respectively, according to SoSoValue data.
Japanese and South Korean stocks fall, KOSPI down nearly 2%
South Korea's KOSPI fell nearly 2% and Japan's Nikkei 225 dropped more than 3% as losses in Japanese and South Korean equities widened.
Apple bars staff from prediction-market bets using confidential information
Apple's annual SEC filing adds prediction-market trading to its insider trading policy, prohibiting employees from using confidential company information on platforms such as Polymarket or sharing it with people who may trade.
Asian tech shares slip as US midterm results favour Democrats
Early US midterm results showing Democrats ahead weighed on Asian tech stocks, with Nasdaq-linked US futures down about 1.5% on CME. Pepperstone's Chris Weston says the size of a Democratic win could trigger large repositioning.
InsurancePool and CoreVault contracts on BSC suspectedly attacked, losses of about $112,300
TenArmorAlert said its system detected a suspected attack on BSC involving the InsurancePool and CoreVault contracts, causing losses of about $112,300.
Kim Min-seok proposes delaying South Korea's crypto income tax
Kim Min-seok, leader of South Korea's ruling Democratic Party, says he has formally proposed delaying the crypto income tax, due to take effect on 1 January 2027, until a Digital Asset Basic Act framework is in place.
Previous related news
- South Korea says taxing overseas stock-linked perpetual futures needs capital markets law review
- Jang Dong-hyuk says crypto tax discord adds to market uncertainty
- South Korea finance ministry says no decision on taxing perpetual futures on overseas exchanges
Wallet withdraws 69.1m PONS and 5,887 ETH from OKX, Lookonchain says
A wallet created three months ago withdrew 69.125 million PONS, worth $14m, and 5,887 ETH, worth $13.4m, from OKX over the past 12 hours, according to Lookonchain.
Whale shorts Anthropic pre-market contract on Hyperliquid and keeps adding
On-chain analyst Yu Jin reported that a whale is shorting Anthropic (ANT) pre-market contracts on Hyperliquid, with the position worth $25.4m and still growing. Anthropic is expected to list in about two weeks at a $1.75tn valuation.
Ark Invest buys $965,448 of Circle stock and sells $866,831 of Bullish shares
Cathie Wood's Ark Invest bought 12,835 Circle Internet Group shares worth about $965,448 and sold 37,754 Bullish shares worth about $866,831, with both stocks rising that day.
James Wynn opens 40x short on 1.256 BTC five days after liquidation
Lookonchain reported that James Wynn (@JamesWynnReal) opened a 40x leveraged short on 1.256 BTC worth about $96,000, with a liquidation price of $78,227.92, five days after being liquidated.
Bubblemaps rejects former employee's claims and calls contract AI-forged
Bubblemaps rejected allegations by an X user, jujudog69, who claimed to be a former employee and said the platform took $45,000 a month from Proxima since April 2025. Bubblemaps says the contract is AI-forged and the user is promoting a rival product.
VanEck's Matthew Sigel says Bitcoin must average $100,000 for miners to break even
VanEck digital assets research head Matthew Sigel said network hashrate is near a record 1,038 EH/s ahead of the next halving, expected in April 2028. He estimates a $3,459 S21 XP miner needs Bitcoin to average about $100,000 to break even, with BTC at $77,500.
Moffett AI raises nearly RMB 1bn in C+ round for inference chips
Shenzhen-based AI inference chip maker Moxi Artificial Intelligence (Moffett AI) has raised nearly RMB 1bn in a C+ round from investors including Renai Capital and Haitang Fund. The funds will go to software and hardware upgrades and next-generation chip research.
IOSG questions whether Bitcoin's election effect will repeat this cycle
Since 1950, the S&P 500 has been higher a year after all 19 US midterm elections, and Bitcoin has also risen a year after each of its three completed cycles. IOSG said historical averages should not be applied directly this time, with US stocks near record highs before the vote and Bitcoin still recovering.
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