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Tue 3 Nov
TRON activates smart contract stability upgrade after governance vote
TRON said a governance proposal focused on smart contract optimisation has passed and taken effect, aiming to improve data storage handling, execution stability and node reliability for developers and ecosystem applications.
Sei says voting under way on Autobahn consensus upgrade proposal
Sei said voting is under way on proposal SIP-6, which would move the layer-1 blockchain's consensus mechanism to Autobahn for Sei Giga.
CZ says Binance's swift response to attack kept user trust firm
Changpeng Zhao said Binance quickly stated that user funds were unaffected after an attack, which stopped panic from spreading and avoided knock-on effects. He said users were not forced to bear losses, unlike in past platform or lending protocol failures, and that Binance's public blockchain records backed its assurances.
Previous related news
- Zhao Changpeng says crypto security incidents may keep recurring and seeks US government help
- Binance lacks cyber insurance for $6.3bn theft, Bloomberg Law says
- Hyperliquid community account says DEXs may gain after Binance theft
Harvard physicist Xi Yin says he is leaving OpenAI
Xi Yin, a Harvard physics professor, said on X that the day of his post was his last at OpenAI and that he will move in a new direction, without saying where. He joined OpenAI from academia in late May.
Hyperliquid's Jeff Yan says HIP-3 partners should handle US KYC
Hyperliquid co-founder Jeff Yan met policymakers in Washington and said entry to the US market should come through HIP-3 partners taking on KYC and market supervision rather than Hyperliquid itself. Hyperliquid began testing a revised HIP-3 framework with identity verification in September, and Payward, Kraken's parent, said the same month it planned to offer Hyperliquid perpetuals to US users through it.
Previous related news
- Hyperliquid's Jeff Yan says US entry hinges on compliance of operating entity
- ICE reissues trade.xyz announcement with 'plans to introduce' and regulatory approval caveats
- NYSE parent ICE deletes post on trade.xyz partnership
Ethereum Foundation says trust in hardware has collapsed and backs open chips
The Ethereum Foundation said trust in hardware has collapsed and backed Vitalik Buterin's view at Devcon 8 in Mumbai that this is unacceptable. It said users should not have to hack a TV or prise open a hardware wallet to check a device, and welcomed teams building open, verifiable chips.
CZ says hack frequency will rise and the industry must use more AI in defence
Binance founder CZ said in an interview that the frequency and speed of hacks are expected to rise as attackers make more use of AI, noting four crypto trading platforms were hit by different attacks the previous day. He said the industry needs to use AI more to strengthen its defences.
Mike McGlone says a 20% US stock correction could send Bitcoin down $10,000
Bloomberg Intelligence senior macro strategist Mike McGlone said a 20% correction in US stocks could send Bitcoin down $10,000, oil to $50 a barrel, gold to $3,000 an ounce and the 10-year Treasury yield to around 3%.
Previous related news
- Mike McGlone says Bitcoin may be losing its edge to US Treasuries
- Mike McGlone says Bitcoin's flat run against the S&P 500 may warn on risk assets
- Bloomberg analyst Mike McGlone says Bitcoin could fall to $10,000 if US stocks drop 20%
French lower house rejects two crypto exit tax bills
France's lower house voted down a bill to bring crypto under the existing exit tax regime 55-27, and a separate bill taxing unrealised gains on holdings above €800,000 ($897,000) 60-31. Further crypto tax proposals are still awaiting review.
Standard Chartered's Winters says AI shift stirs fear among staff
Standard Chartered chief executive Bill Winters told a Hong Kong Monetary Authority summit on 3 November that AI's evolution is causing a "fear factor" among employees. He said the bank has cut about 25,000 roles through automation and replaced them with others.
Fujian's first token factory Min Du Rui Ci launches in Minqing
Min Du Rui Ci, Fujian's first full-service token factory, has launched in Minqing county, selling tokens at set prices and metered billing. It connects 14 domestic AI models, including DeepSeek and Kimi, and schedules computing clusters across four locations.
Lisk building smart contract for users to claim remaining chain funds
Lisk says it is developing a dedicated smart contract so users can claim funds left on the Lisk chain. Withdrawals still pending when the chain shut down will also be sent to the receiving address on Ethereum.
XRPL daily active addresses more than double as XRP falls
Daily active addresses on the XRP Ledger rose to 36,342 on 3 Nov from 15,678 on 3 Oct, even as XRP fell about 16.2% to $1.24 from $1.48 and its market capitalisation shrank by about $15.2bn.
China says it does not know details of Nvidia partner service requirement
China's foreign ministry spokesperson Mao Ning said she did not know the specifics of a reported Nvidia requirement that some data centre partners give at least 51% of their services to non-Chinese firms. She said cooperation should follow fair, transparent and non-discriminatory principles.
Hyperliquid generated about $713m in revenue over past year
Hyperliquid generated about $713m in revenue over the past 12 months, mostly from perpetual futures trading fees, with monthly revenue this year ranging from $38m to $74m. Founder Jeff Yan named real-world asset tokenisation as the next growth area.
China and Oman central banks sign currency swap and digital currency cooperation MOU
People's Bank of China governor Pan Gongsheng and Central Bank of Oman governor Ahmed Al Musalmi signed an RMB 30bn / OMR 1.5bn local currency swap valid for five years, plus an MOU on digital payments and legal digital currency cooperation.
Citi says Republican Senate hold could lift US stocks by year-end
Citi says markets have largely priced in Democrats winning both chambers of Congress, and an unexpected Republican hold on the Senate could spur a year-end US equity rally. State elections may also affect data-centre approvals and slow new computing capacity, it says.
Hyperliquid trader reopens $43m ETH and HYPE longs after losses
Onchain Lens says a Hyperliquid trader closed BTC, HYPE and ZEC longs at losses of about $4.4m, $1.13m and $600,000 respectively, then opened roughly $43m in combined leveraged ETH and HYPE longs. The account's lifetime profit and loss is about a $5.88m loss.
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