#HYPE is about to see a major unlock—will it trigger a sell-off❓
Nov 4🈷️ Web3 latest news👇
1. Preliminary investigation report on the theft: The attack chain traces back to June this year (Homebrew poisoning → fake job recruitment → abuse of internal AI tools). A key new detail is that the attackers used the EIP-7702 authorization mechanism to bypass the withdrawal pause. $6.34 billion affected, $2.85 billion frozen, 98% replenished; 24-hour net flows turned positive at +$2.3 billion.
2. The CFTC has for the first time cleared U.S. equity perpetual contracts for listing on a U.S. DCM—the asset frontier is expanding from crypto perpetuals to regulated securities.
3. The SEC issued a no-action letter for Canton Coin, determining that programmatically issued tokens are digital commodities—a precedent-setting signal.
4. New Jersey withdrew its Coinbase staking lawsuit, which resumed after a three-year pause; state-level staking enforcement actions are now being resolved state by state.
5. HYPE’s Nov 6 unlock—live data: 3.75 million tokens are confirmed to have been distributed OTC to institutions, but 1.875 million remain in freely transferable wallets. Track where these go next.
6. Strategy’s treasury enters “maintenance mode”: it bought just 811 BTC in a single week while spending $208 million to repurchase STRC preferred shares. The USD Reserve has $4.79 billion remaining, and the company plans to issue Series A perpetual preferred shares.
7. Metaplanet is buying back 7.1% of its shares against the trend, using “share count reduction to improve quality” to offset its mNAV discount—a different DAT strategy from Strategy’s.
8. Perpshood Meme-Perps: Robinhood onchain directs 30% of Meme coin fees into real perpetual positions and pays out 30% as dividends; chain TVL tops $1 billion.
9. Aero AER Engine: Token emissions are shifting from a time-based schedule to being tied to actual pool revenue (with a 1.2x target), bringing actual annual inflation down to 8–12%.
10. EX. IO Lab bank sandbox Agentic Payment PoC: AI agents have completed the “bank transfer → RWA subscription on a compliant platform” loop for the first time. Also covered: a brief update on Binance Agentic Wallet’s security upgrade.
Also covered: midterm election voting day and crypto stock hedging costs; Circle’s Q3 earnings report today; $38 million stolen from Mercado Bitcoin; ZachXBT’s $106 million alert; Crypto shuts down its Hong Kong consumer app.
⭐️Priorities for next time: MSCI’s Nov 11 list; onchain activity following HYPE’s Nov 6 distribution; Polymarket V2 and Elysium’s first-week data on Nov 9.
$BTC
Nov 4🈷️ Web3 latest news👇
1. Preliminary investigation report on the theft: The attack chain traces back to June this year (Homebrew poisoning → fake job recruitment → abuse of internal AI tools). A key new detail is that the attackers used the EIP-7702 authorization mechanism to bypass the withdrawal pause. $6.34 billion affected, $2.85 billion frozen, 98% replenished; 24-hour net flows turned positive at +$2.3 billion.
2. The CFTC has for the first time cleared U.S. equity perpetual contracts for listing on a U.S. DCM—the asset frontier is expanding from crypto perpetuals to regulated securities.
3. The SEC issued a no-action letter for Canton Coin, determining that programmatically issued tokens are digital commodities—a precedent-setting signal.
4. New Jersey withdrew its Coinbase staking lawsuit, which resumed after a three-year pause; state-level staking enforcement actions are now being resolved state by state.
5. HYPE’s Nov 6 unlock—live data: 3.75 million tokens are confirmed to have been distributed OTC to institutions, but 1.875 million remain in freely transferable wallets. Track where these go next.
6. Strategy’s treasury enters “maintenance mode”: it bought just 811 BTC in a single week while spending $208 million to repurchase STRC preferred shares. The USD Reserve has $4.79 billion remaining, and the company plans to issue Series A perpetual preferred shares.
7. Metaplanet is buying back 7.1% of its shares against the trend, using “share count reduction to improve quality” to offset its mNAV discount—a different DAT strategy from Strategy’s.
8. Perpshood Meme-Perps: Robinhood onchain directs 30% of Meme coin fees into real perpetual positions and pays out 30% as dividends; chain TVL tops $1 billion.
9. Aero AER Engine: Token emissions are shifting from a time-based schedule to being tied to actual pool revenue (with a 1.2x target), bringing actual annual inflation down to 8–12%.
10. EX. IO Lab bank sandbox Agentic Payment PoC: AI agents have completed the “bank transfer → RWA subscription on a compliant platform” loop for the first time. Also covered: a brief update on Binance Agentic Wallet’s security upgrade.
Also covered: midterm election voting day and crypto stock hedging costs; Circle’s Q3 earnings report today; $38 million stolen from Mercado Bitcoin; ZachXBT’s $106 million alert; Crypto shuts down its Hong Kong consumer app.
⭐️Priorities for next time: MSCI’s Nov 11 list; onchain activity following HYPE’s Nov 6 distribution; Polymarket V2 and Elysium’s first-week data on Nov 9.
$BTC
