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Democrats to scrutinise Nvidia AI chip exports after retaking Congress
With Democrats set to control both chambers from 3 January, new committee leaders plan to question Nvidia CEO Jensen Huang on whether enough is being done to stop AI chips reaching China and other US rivals.
Coinbase CEO Brian Armstrong says he backs tokenising the company's stock
Brian Armstrong, Coinbase's CEO, said he supports tokenising the company's shares because he wants more people to be able to own them, arguing that turning away a potential new group of shareholders would not be smart business.
Circle's USDC supply falls by about 800m in seven days to 69.2bn
Circle issued about 12.7bn USDC and redeemed about 13.5bn in the seven days to 5 Nov, cutting circulating supply by about 800m to 69.2bn, with reserves of about $70.5bn, Circle data show.
Musk says he never criticised Binance's market dominance
Musk said he never posted remarks criticising Binance's market dominance, calling the claim fabricated. CZ had earlier said the information was false and urged the poster not to spread it.
Yi He says Binance UIDs are unique and local exchanges do not share accounts
Binance co-founder Yi He said each user has a single unique UID after a user reported losing funds by entering a UID to transfer to Binance Thailand. She said she and four staff helped freeze the funds, and noted Binance Turkey, Thailand and US are separate platforms that do not share account systems.
DeepSeek says partial web and API outage fixed after chat disruption
DeepSeek's chat function was again unavailable, and its status page showed a partial web and API outage from 07:11 UTC affecting chat, the DeepSeek V4 Pro API and the V4.1 Flash API. DeepSeek said a fix had been implemented and was being monitored.
Taiwan temple abbot and son suspected of embezzling donations and laundering via crypto
Zhang Qingyu, abbot of Donglin Temple in Yilan, Taiwan, and his ordained son Zhang Weifu are accused of embezzling donations and laundering temple funds through cryptocurrencies, gold and silver. Investigators found buried boxes of precious metals worth over NT$330m (about 70 million yuan); the case is still under investigation.
China's cabinet says it will tighten RWA tokenisation and virtual-currency oversight
People's Bank of China governor Pan Gongsheng, reporting to the national legislature for the State Council, said China will strengthen oversight of real-world asset tokenisation and improve its virtual-currency policy framework, including a full-chain crackdown on crypto mining.
IMF's Georgieva says central banks must weigh AI-driven growth slowdown
IMF managing director Kristalina Georgieva said central banks assessing their inflation fight must factor in a possible slowdown in AI-driven growth, warning that concerns over heavy reliance on AI investment and high asset valuations are fuelling market volatility.
Keplr pauses Google and Apple logins after unauthorised trades reported
Crypto wallet Keplr has paused Google and Apple social logins after users reported unauthorised transactions on their accounts. Keplr says accounts using seed-phrase recovery and hardware wallets are unaffected, while social-login users should stop depositing funds.
Bitdeer says it sold all 258.6 BTC mined this week and holds none
Bitdeer said in a weekly update on X that it mined 258.6 Bitcoin in the week to 6 Nov and sold all of it, leaving its holdings at zero, excluding customer deposits.
CoinDCX says Enforcement Directorate made routine inquiry at Bengaluru office
CoinDCX said India's Enforcement Directorate visited its Bengaluru office on 4 Nov for a routine inquiry, which it fully cooperated with. The exchange said trading, deposits and withdrawals are operating normally and that it is registered with FIU-IND.
Murphy says Bitcoin selling pressure on 5 November was the heaviest since August
Crypto analyst Murphy said spot sell-side volume on 5 November hit its highest level since the current rally began in August, exceeding the selling seen after the Binance security incident on 30 October. He said it may take weeks, or one to two months, for the market to absorb the fear.
Cyber says it repurchased about $13m of CYBER tokens in the past year
Layer-2 network Cyber said it repurchased roughly $13m of CYBER tokens over the past year. It restated its commitment to backing the CYBER ecosystem's continued growth and development.
Spot Ethereum ETFs see $93.2m net outflow, led by BlackRock's ETHA
Spot Ethereum ETFs recorded a net outflow of $93.2m on 6 Nov, with BlackRock's ETHA leading at $90.8m, SoSoValue data show. BlackRock's ETHB took in $1.15m, bringing its all-time net inflow to $785m.
Dash tells users to avoid Eclipse after losses go uncompensated
Dash has urged users not to trade on Eclipse, saying users have lost funds while attempting to trade and have not yet been fully compensated. It recommends platforms such as Maya Protocol and NEAR Intents, where swaps can be viewed on a block explorer.
US spot Bitcoin ETFs post $412m net outflows as BlackRock's IBIT sheds $403m
US spot Bitcoin ETFs recorded $412m in net outflows on 6 Nov, with BlackRock's IBIT losing $403m, according to Farside Investors. Fidelity's FBTC took in $42.9m, while Bitwise, Ark Invest and Grayscale funds also saw outflows.
Hong Kong SFC proposes curbs on use of terms such as crypto and exchange
The Hong Kong Securities and Futures Commission has published consultation conclusions and proposes amending the Securities and Futures Ordinance and the anti-money laundering ordinance to restrict unauthorised institutions from using specified terms. The terms could lead the public to wrongly believe a business is SFC-regulated or linked to exchanges, clearing houses and virtual asset trading platforms.
Previous related news
- Hong Kong official says compliant international crypto platforms may apply for licences
- 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
Dormant address moves $444,700 of ASTER, FF and OP from MEXC to Binance
An address dormant for a year has resumed transfers from MEXC to Binance, according to Onchain Lens, including 405,000 ASTER worth about $275,500, 227,270 FF worth about $19,700 and 1.47m OP worth about $149,500, a total of roughly $444,700.
HTX DAO holds Wuhan meet-up on industry and community
HTX DAO held its 'Old Friends' community event in Wuhan on the evening of 6 November, with ambassador Molly and HTX chief analyst Cloud discussing market trends, independent thinking and risk awareness.
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