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Tue 3 Nov
Jonathan Levin says dollar's safe-haven role revived as gold and Bitcoin weaken
Bloomberg columnist Jonathan Levin says the dollar was October's best-performing safe-haven asset while gold and Bitcoin weakened, suggesting the dollar-debasement trade may be over. He cites risks including French fiscal turmoil, possible US and Israeli political shifts, the Iran war and attacks on shipping and Saudi targets.
IMPBinance lacks cyber insurance for $6.3bn theft, Bloomberg Law says
Binance has directors and officers liability cover for executives facing possible regulatory investigations or lawsuits over the theft, but like other crypto firms it did not buy cyber insurance, people familiar told Bloomberg Law. Insurance may cover only a small part of the roughly $6.3bn theft as Binance compensates affected users; the firm has said the funds came partly from SAFU, part of its futures insurance fund and its own money.
Bitget to open Anthropic IPO subscription via USDT and USDGO
Bitget's IPO Prime will offer an Anthropic IPO subscription channel, accepting USDT or USDGO and delivering rANT tokens that mirror the economic returns of ANT shares. Anthropic filed publicly for a Nasdaq listing on 26 Oct 2026 under the ticker ANT, with market expectations of a $1.5tn-$1.75tn valuation.
South Korea finance ministry says no decision on taxing perpetual futures on overseas exchanges
South Korea's finance ministry says it has not decided whether to tax perpetual futures traded on overseas exchanges.
Yao Shunyu denies founding AI startup, says he is still at Google DeepMind
Google DeepMind senior research scientist Yao Shunyu denied reports he is building a recursive self-improvement AI startup valued at $2bn, saying he has not founded a company. He had also said on 12 October that he had no plans to raise funds in China.
Darkfost says stablecoin market cap falls to lowest in over a year
On-chain analyst Darkfost said stablecoin market capitalisation has fallen about 6% from $280bn in April to $263bn, the lowest in more than a year, on weak demand and few new inflows. Binance's stablecoin supply fell from $51bn to $34bn on a 90-day moving average basis.
Thailand SEC proposes letting digital asset operators apply for derivatives licences
Thailand's SEC is consulting on draft rules to bring digital assets within the Derivatives Act as eligible underlying assets, allowing operators to seek derivatives licences without forming a new company. The licence fee would be 500,000 baht, waived for existing exchanges, brokers and dealers.
Thailand's SEC opens consultation on digital asset derivatives licences
Thailand's SEC has opened public consultation until 28 November on draft rules letting digital asset operators apply for derivatives business licences without forming a new company, with a 500,000 baht fee. Existing exchanges, brokers and dealers would be exempt; custodians could not apply for clearing house licences.
China's State Council report sets out five priorities for financial work
A State Council report submitted to the NPC Standing Committee lists five priorities, including a moderately loose monetary policy and exploring AI in financial management and services. It says new social financing reached 33tn yuan from October 2025 to September 2026, with 88 A-share IPOs raising 247.2bn yuan.
OKX says Prophet prize pool rises to $360,000 as three users hit 19 correct calls
OKX says its Prophet season three prize pool has been raised to $360,000, with three users on 19 correct predictions in a row in the earnings challenge. Its data shows 82% and 59% expect AMD and Circle to beat earnings, while 41% expect each to rise on the first full trading day after reporting.
Bitcoin breaks above $77,000, down 0.65% on the day
Bitcoin broke above $77,000 and was trading at $77,009.10, down 0.65% intraday, according to OKX market data.
Apple shares fall 4.5% in pre-market trading
Apple (AAPL.O) shares extended their pre-market decline and were last down 4.5%, according to MSX.COM data.
DeepSeek says it is investigating chat outage
DeepSeek's chat function was unavailable on 3 November, showing a server-busy message, and its status page reported partial outages of its website and API from 16:58. Affected services include chat, the DeepSeek V4 Pro API and the DeepSeek V4.1 Flash API, and the company says it is investigating.
Robin Guards accuses over 100 crypto KOLs of faking engagement
Robin Guards says it hired 200 crypto Twitter KOLs with more than 10 million combined followers to promote its NFT project, which sold only 200 NFTs. The team accused over 100 of the KOLs of buying fake followers and engagement, and said @grebby, who first called it a fraud, sells such services himself.
Address loses $6.09m closing BTC, HYPE and ZEC longs, then opens ETH and HYPE longs
An address closed long positions in BTC, HYPE and ZEC over six hours at a loss of $6.09m, according to Lookonchain. It then opened a long on 14,583 ETH worth $33m and a long on 117,900 HYPE worth $9.9m.
AguilaTrades shorts 93.67 BTC at 40x leverage after $38m losses
Lookonchain reports that AguilaTrades (@AguilaTrades) opened a 40x leveraged short on 93.67 BTC worth $7.19m, with a liquidation price of $77,435.21, after losses above $38m and repeated liquidations.
Dollar rises past 158 yen, up 0.2% in 24 hours
The dollar rose past 158 yen and was quoted at 158.016, a gain of 0.2% over 24 hours, according to Gate data.
PLTR falls 10.7% in 24 hours to $166.66
PLTR dropped 10.7% over 24 hours and was trading at $166.66, according to MSX.COM data.
Unfolded says DeFi weekly revenue has grown more than 3.75-fold in four years
Weekly revenue across the DeFi ecosystem has risen from about $80m to more than $300m over four years, Unfolded reported. Excluding stablecoin issuers, it grew more than 12-fold, from under $10m to over $120m.
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