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Tue 3 Nov
Address closes BTC short at $76,804 average after $38.2m cumulative loss
An address cut about $7.68m of a BTC short at an average price of $76,804 and now holds no BTC position, with cumulative losses of about $38.2m on its futures account.
Hyperliquid's Jeff Yan says US entry hinges on compliance of operating entity
Hyperliquid co-founder Jeff Yan says entering the US market depends on an independent operating entity above the protocol completing regulatory compliance. The HIP-3 upgrade lets third parties deploy derivatives markets on assets such as stocks, gold and crude oil, and ICE has invested in ecosystem project Trade.xyz, whose cumulative volume has passed $500bn.
Previous related news
- ICE reissues trade.xyz announcement with 'plans to introduce' and regulatory approval caveats
- NYSE parent ICE deletes post on trade.xyz partnership
- ICE deletes Trade.xyz partnership tweet but keeps repost of promotional copy
Trump backs pro-crypto Harriet Hageman in Wyoming Senate race
Donald Trump has endorsed pro-crypto Republican Representative Harriet Hageman in the Wyoming Senate race against Democrat James Byrd for the seat being vacated by Cynthia Lummis. Hageman backed the CLARITY Act, the GENIUS Act and a CBDC issuance ban in the House in July last year.
Previous related news
- Seth Meyer says midterms usually hurt the ruling party as US stock futures rise
- Lummis says $6.3bn in crypto stolen this week, backs CLARITY intelligence pilot
- Crypto PACs spend nearly $170m ahead of US midterms, favouring Republicans
Apple guides holiday-quarter gross margin to 45%-46% on memory costs
Apple cut its December holiday-quarter gross margin guidance to 45%-46%, citing unprecedented memory price rises and cloud costs for Siri AI. Management said output of the foldable iPhone Duo is constrained and it cannot yet predict when supply and demand will balance.
ZachXBT says suspected hacked EU entity hit by another $27m in withdrawals
ZachXBT says a European institution previously suspected of being hacked saw more than $27m in further abnormal withdrawals from centralised exchanges, bringing the total to over $133m. He says the victim may be a large Western European financial institution concealing the incident, and that over $30m was laundered before EU authorities could act.
Binance resumes withdrawals for tokens on Ethereum and Solana networks
Binance says it has restored withdrawals for a list of tokens on the Ethereum and Solana networks. It added that RLUSD, USD1, TUSD, FDUSD and XUSD on Ethereum had resumed at about 04:00 UTC.
SK's Chey Tae-won says South Korea and Japan should cooperate on AI and semiconductors
SK Group chairman and Korea Chamber of Commerce and Industry head Chey Tae-won proposed that South Korea and Japan work together on AI and semiconductors and on joint cost-cutting to create at least $1tn in synergies.
Lee Jae Myung calls for cross-government cybersecurity body after crypto thefts
South Korean President Lee Jae Myung, citing a recent multi-billion-dollar crypto theft from Binance, called at a cabinet meeting on 3 November for a cross-government cybersecurity coordination body covering the public and private sectors. He said AI is making hacks more sophisticated, and the National Intelligence Service has begun emergency checks at more than 2,100 government and public bodies.
Previous related news
- Binance uses about half of SAFU Bitcoin reserves with no refill timeline
- CFTC chair Michael Selig says Binance hack shows need for offshore exchange rules
- Binance says it will resume withdrawals in phases across several networks
SK Hynix falls 5.3% over 24 hours to $1,040.14
SK Hynix dropped 5.3% over 24 hours and was trading at $1,040.14, according to Gate data.
Brent crude rebounds briefly to $110 a barrel, down 3.7% in 24 hours
Brent crude (XBRUSD) briefly rebounded to $110 a barrel and was last at $110.00, down 3.7% over 24 hours, according to Gate data.
Xiao Yuanqi says concentrated AI investment is squeezing traditional industries' financing
Xiao Yuanqi, deputy head of China's financial regulator, said heavy capital flows into tech and leading firms have raised leverage and risked over-rapid expansion. He said the crowding-out effect has pushed up borrowing costs for traditional industries, and called for early policy frameworks for the AI-driven transition.
MiniMax falls 8.0% in 24 hours to $19.89
MiniMax fell 8.0% over 24 hours and was last at $19.89, according to market data.
Morgan Stanley's Ted Pick says AI spending may reach $15tn over a decade
Speaking at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, Morgan Stanley CEO Ted Pick said cumulative AI spending could reach $15tn over the next decade, with the largest hyperscalers investing $800bn-$1tn a year for seven to 12 years. Goldman Sachs CEO David Solomon said capital markets can meet the financing demand.
South Korea's deposit insurer reviews wider coverage including crypto assets
South Korea's Korea Deposit Insurance Corp. is reviewing extending protection to defined benefit pensions and temporarily large deposits above 100m won, plus measures for digital assets and protection based on the actual owner of funds.
China says it is drafting AI safety standards covering the technology's full lifecycle
Wang Ruomeng of China's National Development and Reform Commission said the country is accelerating AI legislation that would regulate development and use across the full lifecycle, covering data and computing power. The rules would affect major developers including DeepSeek, Moonshot and Alibaba.
Mercado Bitcoin hacker moves $8m in ETH and still holds $46m in crypto
A hacker linked to Mercado Bitcoin moved $8m worth of ETH to a new wallet and may be preparing to deposit it into Tornado Cash, on-chain monitoring shows. The hacker holds $46m in crypto assets.
Previous related news
- Mercado Bitcoin hackers still hold over $9.2m in altcoins, Lookonchain says
- Synthetix governance moves 428,000 SNX stolen in Mercado Bitcoin hack to DAO address
- Mercado Bitcoin says it has frozen $11m in stolen assets
China stocks post worst monthly drop in a decade as authorities add support
Chinese stocks suffered their worst monthly decline in a decade as authorities unveiled further support measures.
SBI Holdings says crypto revenue fell 30.1% in first half
SBI Holdings reported crypto asset business revenue of ¥23.08bn for April to September 2026, down 30.1% year on year, with a pretax loss widening to ¥1.595bn from ¥147m a year earlier. Group revenue rose 17.2% to a first-half record ¥1.0575tn, with crypto accounting for about 2%.
Nvidia asks cloud customers to keep at least 51% of services outside China
Nvidia has asked its cloud computing customers to cut exposure to Chinese firms and ensure at least 51% of services are sold to companies outside China, according to Bloomberg, citing the Financial Times and unnamed sources.
Zhongji Innolight falls 11.1% in 24 hours
Zhongji Innolight fell 11.1% over 24 hours and was trading at $79.78, according to market data.
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