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Aave Labs, the Kamino Foundation and Veda Tech Labs Inc. have asked the U.S. Securities and Exchange Commission to treat most yield-generating crypto vaults and decentralized lending arrangements as outside federal securities law, according to AMBCrypto. The three groups submitted a confidential legal framework and requested a meeting with SEC staff, setting up a public disagreement with Morpho and the Crypto Council for Innovation over how much human discretion inside a vault should matter.
Key facts
• The submission went to the SEC's Crypto Task Force and its Division of Corporation Finance on October 26, 2026, Crypto Briefing reported; a public summary followed between November 2 and 3, 2026.
• Vault assets under management rose 61% in the second half of 2026, from $7 billion to $11 billion, per AMBCrypto.
• More than $50 billion in digital assets was reported across lending protocol markets by October 2026, according to Crypto Briefing.
• The SEC opened an investigation into the Aave protocol around 2021, and that probe concluded in December 2025 without an enforcement recommendation, Crypto Briefing reported.
• Morpho and the CCI argue that vaults run by risk curators such as Steakhouse or Gauntlet could be deemed securities, while Aave, Kamino and Veda call DAOs vehicles for governance rather than management.
Two tests for the same product
The joint framework runs decentralized lending protocols and non-custodial vaults through four standards of U.S. securities law: the Howey test for investment contracts, the Reves analysis for debt-like instruments, the Investment Company Act of 1940 and the Investment Advisers Act. On each, the groups concluded the arrangements do not qualify — no investment contract, no Reves exposure, and no advisory relationship that would require custody rules.
Their reasoning rests on ownership and control. Users keep their assets and can withdraw at will, so the vault can be treated as non-custodial even where a curator is paid to make decisions. In a post on X, Aave argued that a curator paid to make investment decisions about securities may be an investment adviser but does not have custody, because the code does not let it take users' assets. The groups said securities regulation should follow the rights, obligations and powers an arrangement actually creates.
The CCI framework backed by Morpho reads the same facts differently. Some curator-run vaults act as managers picking lending markets, which in that view can make them securities, and even DAO-run protocols may be partly seen as centralized managers. The two camps therefore agree that not all vaults are alike but split on whether human intervention alone triggers securities law.
Why it matters
The filing is a legal argument from interested parties, not an SEC ruling, guidance or approval, and the agency has not adopted its conclusions. Its weight comes from the coalition: bringing in Solana-based Kamino and vault infrastructure firm Veda turns a single-protocol request into a sector position. Aave's earlier engagement with the SEC also arrives after a long chapter closed — a probe opened around 2021 ended in December 2025 with no enforcement recommendation, as Crypto Briefing noted. If the agency engaged with the reasoning, reduced regulatory uncertainty could support liquidity and institutional interest in a market reported above $50 billion. Builders, meanwhile, have a template: the public summary lets other lending protocols test their own designs against the same four standards.
The agency has acknowledged that not all vaults are the same in a recent guideline, leaving the human-intervention question open. Vaults have also grown quickly, with AMBCrypto citing a 61% rise in assets under management in the second half of 2026, from $7 billion to $11 billion, and tying further expansion to tokenization.
What to watch
The immediate next step is whether SEC staff grant the requested meeting with Aave Labs, Kamino and Veda, and whether the Crypto Task Force or Division of Corporation Finance responds to the framework. How the SEC addresses human intervention in its guidance will decide which camp's reading holds.
This article is informational only and is not financial advice; crypto markets are volatile and uncertain, and readers should do their own research.
Originally published on CoinPulseHQ: https://coinpulsehq.com/aave-kamino-veda-sec-vault-filing/?utm_source=binance_square&utm_medium=social&utm_campaign=auto_post

The preliminary agenda for Blockchain Life 2026 lists 34 sessions across two days at Dubai's Festival Arena on December 1 and 2, with Wall Street-adjacent institutions, exchange executives, gaming figures and UAE regulators sharing the Space Stage, Cointribune reported.
Organisers divide the schedule evenly, with 17 slots on each day, and state that the programme is provisional and subject to change. A second stage tied to the AI Future Forum is also referenced, though all detailed sessions listed so far run on the Space Stage.
Key facts
• Day one opens with a keynote by Sergei Khitrov, founder of Listing.Help, Jets.Capital and Blockchain Life; day two opens with a fireside chat with Arthur Hayes of Maelstrom, whose session title is still to be announced.
• Speakers on December 1 include Ben Zhou (Bybit), Sandeep Nailwal (Polygon), Felix Fan (Trust Wallet), Rajat Sakhuja (Mastercard) and Luke Judges (Ripple).
• December 2 brings Yat Siu (Animoca Brands) on the agent economy, Jamie King (Rockstar Games) on gaming and ownership, and a regulation panel with Ruben Bombardi (VARA) and Dmitry Fedotov (ADGM).
• A "Mining After the Halving" panel is set for 5:00 p.m. on December 2 with Naeem Aslam (Zaye Capital Markets), Davis Hui (Canaan) and Li HanQiang (SpiderPool).
• AMBCrypto reported that Toobit returns as a Premium Sponsor at Booth A10, after winning Best CEX User Interface and Best CEX Educational Platform at the Blockchain Life Awards 2025 through public voting.
Institutions and exchanges share the opening day
The first day begins with an institutional panel moderated by Danil Gaidamakin of Jets.Capital, joined by John Cahil (Galaxy Digital), Andrei Grachev (DWF Labs), Amit Mehra (Borderless) and James Wo (Digital Finance Group). A later session on trading platforms pairs a fireside chat between Alex Falcon and Bybit's Ben Zhou with a panel drawing on BingX, MEXC, KuCoin, Bybit and BitMart to discuss AI-driven trading and its attack surfaces.
Sandeep Nailwal delivers a keynote titled "The 2 Quadrillion Dollar Wave", Mert Mumtaz of Helius addresses privacy in the age of AI and quantum computing, and Felix Fan of Trust Wallet covers social wallets. Marius Smith (Ethereum Institutional) and Marcin Kaźmierczak (RedStone) each give tokenization keynotes, while a BTCFi panel features Hadir Gaber of ChainMena alongside crypto commentators including Chris MMCrypto.
Payments run through the afternoon. Koray Koska of Ether.fi Cash moderates a stablecoin cards panel with Polygon Labs, Bakkt, Bitcoin.com and Mastercard, while Nic Puckrin of Coin Bureau moderates a session on stablecoins as a cross-border rail for remittances and corporate FX with Ripple, BCG and others.
UAE regulation and mining close the forum
The second day pairs a regulatory discussion with commercial detail: Bombardi of VARA, Fedotov of ADGM and Ahmed Allam of the Ruler's Court of Dubai explain the UAE's pace-setting stance, and at 3:00 p.m. Irina Heaver of NeosLegal interviews Bombardi on building a licensed digital-asset business. A tokenization panel moderated by Marcin Matyja of BCG covers treasuries, credit and funds on-chain with CoinMarketCap, Algorand Foundation, Cardano Foundation and Oracle.
Mining appears only on day two. The day ends with the Startup Pitch ceremony at 5:35 p.m., the Blockchain Life Awards 2026 at 5:40 p.m., and a close at 6:10 p.m., followed by a VIP afterparty from 9 p.m. to 2 a.m.
Tickets are currently at the early bird rate of $189 for Standard, $329 for Business and $999 for VIP, rising to $399, $729 and $2,099 at the last-chance price. Each ticket also grants access to the AI Future Forum, and Cointribune offers readers a 10% discount with the code Cointribune.
Why it matters
The agenda is a useful read on where the industry's attention sits: stablecoins and tokenization occupy as much stage time as price and mining, and institutional allocation gets its own panel with Bitcoin Suisse, XBTO and Rakbank. It also puts UAE regulators on the same programme as the exchanges and payment firms they supervise, at a point when the country's digital-asset rules are shaping how firms set up in the region.
The two reports differ in scope. Cointribune carries the full session-by-session schedule and ticket tiers; AMBCrypto reports Toobit's sponsorship and cites Henley & Partners' 2026 Crypto Adoption Index, which placed the UAE second among 36 markets, up from fifth previously, and expects more than 15,000 attendees from over 130 countries with more than 200 speakers.
What to watch
Organisers say more sessions remain to be announced, and Arthur Hayes' fireside chat title is still unfixed. Confirmation of those slots, and whether the early bird pricing holds as tickets sell, are the next concrete signals before the doors open in Dubai.
Originally published on CoinPulseHQ: https://coinpulsehq.com/blockchain-life-2026-agenda-dubai/?utm_source=binance_square&utm_medium=social&utm_campaign=auto_post

Strategy's STRC preferred shares traded at $100 on Wednesday, the first time since May they have reached that level, Bitcoin.com News reported. The move came days after the company began paying daily dividends on the security, following shareholder approval.
The stock touched $100 during Wednesday's session, according to Google Finance data cited by Bitcoin.com News, extending a recovery from a June low of $71.25. The rebound followed months of buybacks and changes to STRC's dividend structure intended to hold its price near the $100 mark.
Key facts
• STRC reached $100 on Wednesday, Nov. 4, 2026, its first time at that level since May, after climbing from a June low of $71.25.
• STRC carries a 12% annualized dividend rate, equal to $12 per share a year at a $100 stated value; shareholder approval of daily accruals came on Oct. 28 with 99.3% of votes cast, and the new system took effect Nov. 1.
• Strategy repurchased roughly $2 billion of STRC shares between Sept. 28 and Oct. 25, bringing year-to-date buybacks to approximately $2.04 billion, per Bitcoin.com News; Bitcoin Magazine put the total retired since the discount opened at about $2.25 billion, including $204.9 million spent on STRC in the week of Oct. 19.
• Bitcoin.com News reported that Strategy held a $68 billion bitcoin stockpile; Bitcoin Magazine reported 849,327 BTC as of the story, at an average cost of about $75,446, with the position about 4% above water near $78,300 on Wednesday.
• Bitcoin Magazine reported that STRC launched in July 2025 at $90 with a 9% starting rate, and that the company's Oct. 29 filing set the November rate at 12% annualized, or $1 per share for the month.
What daily payouts changed
Before the switch, Strategy paid STRC dividends twice monthly, having moved from monthly payments earlier this year. Under the new arrangement, holders accrue dividends every calendar day, including weekends and holidays, with cash generally sent on the following business day. The company's stated rationale is that daily payments can trim the price swings tied to ex-dividend dates, improve liquidity and appeal to income-focused investors.
Bitcoin Magazine reported that daily dividends were approved for STRC and three other preferred issues, and that removing the semi-monthly ex-dividend drops had reduced price volatility. The first daily payment went out Monday, Nov. 2.
Buybacks and the bitcoin treasury
STRC had traded at a discount to par for much of the year. Bitcoin.com News reported that Strategy bought back shares rather than adding bitcoin while the preferred sat below $100. Bitcoin Magazine described the preferred stack — STRC, STRF, STRK and STRD — as carrying annual dividends in the hundreds of millions, and reported that the quarter's 5,552 BTC in sales went to fund those payouts and the buybacks. It also reported that Strategy paused bitcoin purchases in the week of Oct. 19 and spent $204.9 million on STRC alone, versus the $205 million approximate figure in Bitcoin.com News.
Bitcoin.com News reported the company held approximately $5.1 billion in U.S. dollar assets as of Oct. 25, including reserves for preferred dividends and debt payments. Bitcoin Magazine's account also noted a negative year-to-date BTC yield and a chief financial officer stepping down.
Why it matters
Crossing $100 restores the price at which Strategy says it will sell new STRC shares through its at-the-market offering, the mechanism that funds bitcoin purchases. While STRC traded below par, that program sat idle and the company spent cash shrinking its dividend obligations instead. A return to par gives Strategy the option to issue preferred stock again rather than selling coins to cover distributions. Both outlets noted the change does not force any action: new issuance and bitcoin purchases remain subject to management decisions and market conditions.
What to watch
Whether Strategy reopens the at-the-market program now that STRC is at par, and whether buyers absorb new preferred supply. The dividend rate is also a signal: Bitcoin.com News reported the company intends to hold 12% until the stock shows sustained stability around $100.
This article is not financial advice; preferred shares and crypto markets are volatile and can move sharply.
Originally published on CoinPulseHQ: https://coinpulsehq.com/strategy-strc-100-first-time-may-2026/?utm_source=binance_square&utm_medium=social&utm_campaign=auto_post

Bitcoin traded at $78,354 early Wednesday after recovering from a six-week low, a bounce that arrived as Democrats won control of both chambers of Congress in the U.S. midterm elections, Decrypt reported. Ethereum rose to $2,323 in the same session.
Analysts who spoke to Decrypt said the Democratic sweep had been widely anticipated before polls closed, so the recovery says more about how much bad news traders had already absorbed than about any welcome for the result. U.S. stock futures also rebounded overnight, which makes it difficult to attribute the move to politics alone.
Key facts
• Bitcoin recovered to $78,354 and Ethereum to $2,323 on Wednesday after Democrats took both houses of Congress, per Decrypt.
• Senators voted 49-50 in September 2026 against advancing the Clarity Act, a federal market-structure bill, falling short of the 60 votes required to clear a procedural hurdle.
• Crypto groups have spent more than $300 million backing candidates over the 2024 and 2026 cycles, including about $176 million across more than 100 races this year.
• Coinbase alone pledged an additional $25 million to the Fairshake super PAC for the 2026 midterms, according to Crypto Briefing, which named CEO Brian Armstrong among executives with the most at stake.
• Major Bitcoin exchange-traded funds recorded $215 million in net withdrawals in October, bringing year-to-date outflows to $1.84 billion, Decrypt reported.
A technical bounce, not a political verdict
Decrypt described the recovery as a natural rebound rather than a trend reversal or a rush of buying driven by fear of missing out. On that account, Bitcoin pushed back above $80,000 at one point, reclaiming its 50-day average price after weeks of correction. Ethereum climbed 7% to $2,434, while U.S. equities rose about 1.6% overall and the Dow Jones Industrial Average gained 2.5%.
The wider market backdrop was weaker. The total value of crypto assets fell by roughly $300 billion over the past month to about $2.67 trillion, with higher borrowing costs and doubts about returns on artificial intelligence investments pushing traders toward bonds and gold. Bitcoin exchange-traded funds lost $215 million net in October, extending their year-to-date net outflows to $1.84 billion.
Washington gets harder for the industry's bill
The Democratic wins complicate the sector's push for a statutory rulebook. The Clarity Act would set out how federal regulators oversee different kinds of crypto assets and trading activity, but it stalled in September when the Senate declined to advance it. Negotiations had already snagged on limits for government officials' crypto business interests and on how rewards paid on stablecoins should be treated; President Donald Trump's personal and family crypto ventures were a particular sticking point for Democratic lawmakers.
Democratic control does not undo what the industry obtained under Trump. His administration eased enforcement, set up a strategic Bitcoin reserve and oversaw passage of a federal stablecoin law. The difference matters most for exchanges and token issuers seeking clear legal permissions rather than for Bitcoin's price, which analysts told Decrypt is still driven more by liquidity, interest rates and investment flows.
Coinbase's exposure is direct because it is a publicly traded U.S. exchange whose business depends on where regulators draw the perimeter, Crypto Briefing reported. The outlet noted that Coinbase shares and other crypto-linked stocks came under selling pressure in October 2026 as midterm regulatory uncertainty built. Crypto Briefing also reported that its sources put Democratic odds of flipping the House at roughly 90% and the Senate at over 60% before the vote, figures Decrypt did not publish; the actual result confirmed Democratic control of both chambers.
Why it matters
Control of Congress means control of committees, which decide what gets subpoenaed, which bills receive hearings and which quietly stall. For exchanges, token issuers and other firms that spent heavily to secure clear rules, the outcome shifts the fight from writing legislation to surviving oversight, and industry money spread across more than 100 races may still leave a bipartisan bloc of allies in place.
What to watch
The new Congress takes office in January 2027, so the window for a lame-duck revival of the Clarity Act closes before then. If lawmakers do not restart the bill in the current session, the industry will have to begin a fresh legislative effort with Democrats holding both chambers.
This article is not financial advice; crypto markets are volatile and prices can move sharply in either direction.
Originally published on CoinPulseHQ: https://coinpulsehq.com/bitcoin-rebounds-democratic-midterm-sweep/?utm_source=binance_square&utm_medium=social&utm_campaign=auto_post

The SEC Division of Corporation Finance said in a no-action letter dated Nov. 3 that it treats Canton (CC) as a digital commodity and will not recommend enforcement action to the commission. AMBCrypto reported the letter and its market fallout on Nov. 4.
The division said Canton's value comes from the Canton Network's operations and market dynamics rather than from profits generated by others' efforts, and that the coin lacks a central party. The position rests on facts presented by Canton, and the division stated it would not recommend enforcement action to the commission. Whether the coin is a security was not formally concluded, according to the report.
Key facts
• The SEC Division of Corporation Finance issued a no-action letter on Nov. 3, 2026, stating it views Canton as a digital commodity.
• The letter attributes Canton's value to the Canton Network's operations and market dynamics and says the coin lacks a central party.
• CC slipped to $0.093 before bouncing to a local high of $0.0986, up 5% on the daily chart as volume climbed 121% to $31 million.
• Spot sell volume exceeded 9 million over 24 hours, and sell volume on Binance perpetuals reached 8.1 million.
• RWA.xyz put Canton's real-world asset value near $348.9 billion, more than seven times the next four chains combined.
Legal clarity meets a crowded chart
Miles Jennings said in a post that the SEC's March token taxonomy and its follow-up FAQs had already created a clear pathway out of securities law, framing the Canton letter as an application of that framework.
The Canton Network reported that institutions have been active on the network in recent months. DTCC launched its tokenization service with 20 participants, including JPMorgan and Fidelity, for tokenized stocks. Uber piloted treasury cash moves using HSBC tokenized deposits and Franklin Templeton funds, and Taiwan's TDCC joined the Canton Foundation.
The price move showed the same tension. The rebound from $0.093 to $0.0986 came with heavy trading, but the spot and derivatives sell volumes both exceeded buy-side volume, a sign that holders used the news to exit rather than to add. That selling pressure limits how far the bounce can extend without a shift in positioning.
Why it matters
A no-action letter is narrower than a rule or a statute: it reflects the division's reading of the facts Canton presented, and it gives institutions a documented basis for treating CC as a commodity when they build on the network. For banks, fund managers and market infrastructure operators weighing tokenization, that removes a category of legal risk that has held back similar projects elsewhere. The letter builds on the token taxonomy the SEC issued earlier this year rather than breaking new ground.
What to watch
Watch order flow on spot and Binance perpetuals. AMBCrypto cited $0.092 as the downside level if sellers stay in control and $0.1 as the level CC must flip to target $0.11 in the short term. Any formal commission statement on the division's position would also matter for institutions using the letter as a compliance reference. This is not financial advice; cryptocurrency markets are volatile and uncertain.
Originally published on CoinPulseHQ: https://coinpulsehq.com/sec-canton-digital-commodity-no-action-letter/?utm_source=binance_square&utm_medium=social&utm_campaign=auto_post

Morgan Stanley has started adopting DTCC's new tokenization infrastructure, joining the clearinghouse's push to put securities held in custody onto blockchain networks. The service, DTCC's DTC Tokenization Service (DTS), went into live production on October 28, 2026, according to AMBCrypto.
The bank described its participation as a move from experiment to hands-on implementation. Amy Oldenburg, Morgan Stanley's Head of Digital Assets Strategy, said the integration work will inform the firm's digital asset development as markets evolve, AMBCrypto reported.
Key facts
• DTCC's DTC Tokenization Service went live on October 28, 2026, turning client securities held in custody into tokens.
• Morgan Stanley is using the service, and its Head of Digital Assets Strategy, Amy Oldenburg, said the integration experience will shape its digital asset work.
• Chainlink's APAC Equities Streams now cover more than $40 trillion in equity markets across China, Japan, South Korea, Taiwan, and Hong Kong.
• The feeds carry live prices for TSMC, Tencent, Samsung, SK Hynix, and BYD.
• Those feeds are already available on Lighter, Jupiter Exchange, and Predict.
Securities move into token form
DTCC's service converts securities that clients hold in custody into blockchain tokens. If the approach works as intended, it could improve liquidity in equities and make collateral easier to use in lending transactions.
Morgan Stanley's role is notable because a large bank is now operating inside a live tokenization system rather than a pilot. The bank's own framing suggests the integration itself, not the announcement, is the useful part: operating the system against real market infrastructure is what will teach the firm how its digital asset plans should develop.
Chainlink extends equity data into Asia
On the data side, Chainlink (LINK) has widened its APAC Equities Streams to cover stock markets across five Asian jurisdictions, with a combined value above $40 trillion. The streams supply live prices for major listed companies, giving blockchain platforms a feed of traditional stock market data.
Three platforms, Lighter, Jupiter Exchange, and Predict, already use the feeds for trading and prediction markets linked to traditional equities. For crypto venues, the value is in having a price reference for assets whose primary market sits outside blockchain rails.
Why it matters
Banks and crypto data providers are bringing traditional financial assets onto blockchain networks from two directions: custody and issuance on one side, price data and on-chain trading on the other. Wider availability does not by itself create active markets, however. Sustained trading volume, consistent settlement, and rising transaction counts are what turn access into demand, and the article draws a distinction between institutions adopting a technology and markets adopting it.
This is a step beyond earlier tokenization experiments, when projects mostly demonstrated that assets could be represented on-chain. The current phase is about plugging those tokens into infrastructure that already supports lending, collateral, and trading.
What to watch
The measurable test is activity on the newly tokenized assets and on the Chainlink feeds: whether trading volume on platforms such as Lighter, Jupiter Exchange, and Predict produces repeat settlement and rising transaction counts. Without that, more listed assets will not translate into deeper liquidity.
This article is informational only and is not financial advice. Crypto and tokenized asset markets are volatile and uncertain, and readers should do their own research before making any decision.
Originally published on CoinPulseHQ: https://coinpulsehq.com/morgan-stanley-dtcc-tokenization-chainlink-apac-equities/?utm_source=binance_square&utm_medium=social&utm_campaign=auto_post

The crypto market was little changed over the past 24 hours. Total market value moved +0.8% to $2.62 trillion as of 13:00 UTC on Wednesday, November 4, 2026. Bitcoin traded at $78,177 (+1.4%) and Ether at $2,317 (+2.1%). 37 of the 50 largest coins were higher, and the median move was +1.3%.
Why is crypto flat today? What the numbers show
• Breadth. There was no clear direction: 37 of 50 large coins rose and 13 fell, so gains in some coins offset losses in others.
• Bitcoin versus altcoins. 22 of the other 49 large coins beat Bitcoin, so leadership was split. Bitcoin dominance stands at 60.0%, and Ether outperformed Bitcoin by 0.8 percentage points.
• Trading activity. 24-hour volume across the market was $72.2 billion, up 12.1% on the previous day. Volume did not change sharply, so the move was not driven by a surge of trading.
• Bitcoin's 24-hour range. From $75,740 (03:10 UTC) to $78,589 (11:35 UTC), a 3.8% swing. The high came after the low.
Stocks, the dollar and gold
Crypto often trades alongside other risk assets. Latest session for each (the date is the market's last close or update):
Market Level Change As of
S&P 500 7,568.92 +0.4% Nov 3
Nasdaq Composite 25,372.01 +0.8% Nov 3
US dollar index 101.28 -0.6% Nov 4
Gold 4,052.40 +2.8% Nov 4
US 10-year Treasury yield 4.915% -3.5 bp Nov 4
Biggest movers in the top 50
Gainers
Coin Price 24 hours 7 days
Venice Token (VVV) $23.57 +8.2% -3.1%
Zcash (ZEC) $1,285 +8.0% -0.8%
Ethena (ENA) $0.1805 +5.4% -10.2%
Morpho (MORPHO) $2.20 +4.7% +0.4%
Pepe (PEPE) $0.000004964 +3.7% +0.5%
Losers
Coin Price 24 hours 7 days
World Liberty Financial (WLFI) $0.04956 -4.4% -5.3%
Mantle (MNT) $0.4573 -2.8% -12.6%
Bitcoin Cash (BCH) $273.13 -1.2% -7.8%
TRON (TRX) $0.3188 -1.1% -3.8%
Stellar (XLM) $0.1625 -1.0% -4.6%
The stories behind today's moves
What CoinPulseHQ reported in the past 24 hours:
• Moscow Exchange Sets Dec. 1 Bitcoin, Ether, USDT Trading Launch — Moscow Exchange confirmed it will start trading bitcoin, ether and USDT on Dec. 1, 2026, with 300,000-ruble annual limits for non-qualified retail investors.
• Mercado Bitcoin to cover losses from $38M–$49M hack — Mercado Bitcoin says customers won't absorb losses from a November 2 hack. Loss estimates range from $38M to $49M as withdrawals stay frozen.
• Tether holds about 150,000 Bitcoin, Ardoino says at Lugano — Tether CEO Paolo Ardoino said the company holds roughly 150,000 Bitcoin, far above the ~100,060 BTC implied by its Q3 reserve report.
• Bitcoin hits 7-week low of $75,618 as Democrats win Congress — Bitcoin fell to a seven-week low of $75,618 as Democrats swept Congress, then rebounded toward $78,000. Analysts flag the 50-week moving average.
• Stablecoin supply drops to $263B as Solana card spend hits $141M — Stablecoin supply fell from $280B in April to $263B while Solana stablecoin card spending hit a record $141M in October, AMBCrypto reported.
Live prices for the top 50 coins are on our Markets page, and today's biggest movers are on top crypto gainers and losers. Every daily report is collected on Crypto Market Today, and the previous one is Crypto Market Today, Nov 3, 2026: Bitcoin Steady Near $77.3K. For the bigger picture, read our weekly market wraps, and if you are wondering about trading hours, see is the crypto market open on weekends.
How this report is made
CoinPulseHQ calculates every figure in this report from CoinMarketCap and CoinGecko market data recorded at 13:00 UTC on Wednesday, November 4, 2026, and stock, dollar, gold and bond levels from CNBC quotes. Stablecoins and wrapped or staked versions of other coins are left out of the rankings. Changes are over the previous 24 hours. The report describes what prices did and which measurable factors moved with them; it does not claim a single cause and does not predict prices. It is not financial advice.
Originally published on CoinPulseHQ: https://coinpulsehq.com/crypto-market-today-2026-11-04/

An unidentified attacker drained more than $106 million from accounts held across several centralized cryptocurrency exchanges on November 1, 2026, according to pseudonymous blockchain investigator ZachXBT, as reported by AMBCrypto. The suspected target was a European Union-based entity, which has not publicly confirmed the theft.
The stolen assets reportedly included Circle's USDC and Tether's USDT. AMBCrypto reported that the funds were then moved through a laundering sequence designed to frustrate tracing and recovery.
Key facts
• The suspected theft exceeded $106 million and was linked to accounts at multiple centralized exchanges.
• ZachXBT dated the drain to November 1, 2026, and said the EU entity has not confirmed it.
• The attacker swapped USDC and USDT into Ethereum, then moved ETH to instant exchanges including WellWallet and Kyrrex.
• ETH was subsequently converted into Monero, a privacy-focused cryptocurrency.
• ZachXBT said with high confidence that North Korea's Lazarus Group was not behind the operation, citing multiple laundering indicators.
How the funds were moved
The laundering followed a layered pattern. Stablecoin balances were first converted into ETH, consolidating value into a single liquid asset. The ETH was then sent to instant exchange services, WellWallet and Kyrrex among them, which can convert funds quickly.
From there, the assets were turned into Monero. Because Monero conceals the sender, recipient and transaction amount, investigators face a harder task in tracing the money. The suspected hacker also bridged assets across several blockchain networks, adding further complexity.
Each step raises the cost and time of recovery. Stablecoins issued by Circle and Tether can in principle be frozen at the issuer level, but conversion into ETH removes that option, and conversion into Monero removes most on-chain visibility.
Why Lazarus was ruled out
The scale of the incident and the use of privacy coins might have pointed toward North Korea-linked actors, who have a documented history of large crypto thefts. ZachXBT instead said the opposite. He stated that while the actor remains unidentified, he could say with a high degree of confidence that it was not the Lazarus Group, based on multiple laundering indicators.
The distinction matters for attribution. Sanctions and law-enforcement responses often hinge on whether a state-linked group is suspected, and an assessment pointing away from Lazarus changes the expected shape of any follow-up.
The MiCA backdrop
The report comes as EU stablecoin rules take hold. The European Banking Authority recognized USDC as the EU's first major e-money token under MiCA. Separately, the European Securities and Markets Authority has told national regulators to restrict services involving non-MiCA-compliant stablecoins to sell-only, conversion, transfer and withdrawal functions, with continued services subject to strict supervision.
For exchanges operating in the bloc, that framework shapes how stablecoin flows are monitored, converted and reported, even as the suspected theft remains unconfirmed by the entity involved.
Why it matters
The case shows how quickly stolen stablecoins can be converted into assets with weaker tracing and fewer freeze mechanisms. It also puts pressure on centralized exchanges, which held the affected accounts, to account for how large balances moved out. For EU users and platforms, it arrives as MiCA compliance obligations tighten around the stablecoins at the centre of the alleged laundering.
What to watch
The next concrete development is whether the EU entity publicly confirms the theft. Exchange and issuer responses, along with any further tracing updates from ZachXBT, will indicate whether any of the funds can be recovered.
Originally published on CoinPulseHQ: https://coinpulsehq.com/zachxbt-106m-eu-theft-usdc-usdt-monero/

Bitcoin fell to $75,618 on Wednesday, its lowest level in seven weeks, as results showed Democrats winning control of both chambers of Congress in the US midterm elections, Cointelegraph reported.
The drop on Bitstamp, last seen on Sept. 16, was followed by a rebound to $78,039 within roughly three hours, according to TradingView data cited by the outlet. CoinGlass figures put total crypto long liquidations over 24 hours at about $288 million.
Key facts
• BTC/USD fell to $75,618 before rebounding to $78,039, with Cointelegraph attributing the figures to TradingView data.
• Democrats won the House and Senate in the midterms, a result markets had largely anticipated.
• Crypto long liquidations over 24 hours reached $288 million, per CoinGlass.
• S&P 500 futures were down about 0.3% on Wednesday, with Nasdaq 100 futures at a similar level.
• Bitcoin's 50-week simple moving average stood at $75,733.
How the market read the result
Kelly Ye, head of research at institutional digital asset trading platform Talos, told Cointelegraph that the outcome was not a surprise. She said bitcoin moved about 1.7% after polls closed, close to the roughly 1.8% that options had priced, and that there was no major leverage flush.
CNBC reported that investors were not positioned for a sweep even as prediction markets leaned toward one. Tobin Marcus, head of U.S. policy and politics at Wolfe Research, told the network that a survey of more than 100 institutional investors showed skepticism about whether the outcome would be as favorable to Democrats as polling suggested. JPMorgan expected a blue wave to knock about half a percent off the S&P 500 on Wednesday.
The two reports frame the same session differently: Cointelegraph emphasizes how little bitcoin moved relative to what was already priced, while CNBC focuses on the potential for the result to pressure specific sectors.
Support levels and the AI trade
Keith Alan, co-founder of Material Indicators, identified the 50-week moving average as a line bitcoin bulls need to hold, arguing that a failure would open the door to a deeper correction ahead. Crypto trader and analyst Rekt Capital flagged resistance on the three-day chart, saying newly formed lower highs could guide price back toward roughly $75.5k over time.
In equities, Anthony Saglimbene, chief market strategist at Ameriprise Financial, told CNBC that concerns about data-center and broader AI capital expenditure were behind the adverse reaction to Democratic gains. CNBC noted that a strong Democratic showing could pressure AI-linked stocks and defense shares while lifting healthcare names.
Why it matters
The session showed a political shock moving crypto and equities in the same direction, with bitcoin's drop tied to the election result rather than to a sector-specific event. For traders, the 50-week moving average near $75.7k now reads as a dividing line between a routine pullback and a deeper decline. The positioning data also suggests the market's main risk was not the result itself but how lightly investors had prepared for it.
What to watch
Whether BTC holds the 50-week moving average around $75,733 in the days ahead will be the clearest signal for near-term direction, according to the analysts cited by Cointelegraph. Market participants will also watch data-center and AI capital-spending commentary, which CNBC identified as the channel through which the election result could pressure equities.
This is not financial advice, and crypto and equity markets are volatile and uncertain.
Originally published on CoinPulseHQ: https://coinpulsehq.com/bitcoin-75k-low-democrats-congress-sweep/

Moscow Exchange will open what it calls Russia's first organized digital currency market on Dec. 1, listing bitcoin, ether and Tether's USDT, according to Bitcoin.com News. The venue confirmed the plan in a Nov. 2 announcement that set out the trading infrastructure, settlement mechanics and retail restrictions accompanying the launch.
Bitcoin.com News reported that trading will run on the exchange's existing stock-market systems, with the National Clearing Center (NCC) handling clearing. The exchange began pilot testing with professional participants in early October, executive Boris Blokhin said at the time, and said it could proceed under existing licenses without further regulatory approval.
Key facts
• Launch date is Dec. 1, with pilot transactions expanding as financial institutions and other participants complete onboarding.
• Initial assets are BTC, ETH and USDT, offerable in both address-based and addressless modes, with more international and Russian digital assets planned later.
• Trading hours are 6:50 a.m. to 11:50 p.m. Moscow time, matching the exchange's regular securities schedule, with same-day (TOD) and next-day (TOM) settlement and swap transactions.
• Non-qualified investors must pass a knowledge assessment and are capped at 300,000 rubles (about $3,700) in annual purchases per broker.
• The market operates under Russia's new crypto law, whose main provisions took effect Sept. 1.
Retail guardrails and a payments ban
Access splits by investor classification. Finance Magnates reported that qualified investors are not bound by the 300,000-ruble annual cap that applies to unqualified buyers. Cointelegraph noted that the underlying law permits regulated trading while keeping a ban on using cryptocurrency to pay for goods and services in Russia.
The September framework also saw Moscow Exchange introduce perpetual-style futures tied to five crypto indices, and the Bank of Russia allowed licensed forex dealers to offer bitcoin and ether CFDs to qualified investors with leverage capped at 1:10, per Finance Magnates. Those steps position the December venue as an extension of an existing regulated derivatives push rather than a standalone experiment.
Sanctions cloud the demand picture
Cointelegraph reported that Moscow Exchange and the NCC have been under US sanctions since June 2024, that the UK also sanctioned the exchange, and that the EU added it to its sanctions list in July 2026. Sergey Mendeleev, founder of cross-border payments platform Exved, told Cointelegraph he doubted the market would draw meaningful volume, saying neither the global nor local market would notice. He predicted wide bid-ask spreads that would make the offering unattractive and unprofitable for ordinary non-qualified investors, while holding out hope it could aid foreign trade. The UK sanctioned Mendeleev on May 26, Cointelegraph reported. Helen Partz contributed reporting for that outlet.
Volume expectations elsewhere are large but concentrated offshore. Bitcoin.com News cited Sberbank's estimate that crypto trading under the new framework could reach at least 4 trillion rubles (about $46 billion) in its first year, with only around 20% of activity expected to flow through regulated exchanges.
Why it matters
Russia is trying to pull crypto activity that has long sat on offshore platforms and informal channels into supervised infrastructure, using a venue that already clears equities and derivatives. The retail cap and testing requirement give regulators a brake on household exposure, while professional and corporate users get settlement rails inside the domestic banking system — a contrast with the largely unregulated peer-to-peer market that preceded it. Whether that shift materializes depends heavily on sanctions friction and on pricing that can compete with venues traders already use. This is not financial advice, and crypto markets are volatile and uncertain.
What to watch
The Dec. 1 go-live will show how many institutions complete onboarding and how spreads compare with offshore venues during the first weeks. Separately, Cointelegraph's related coverage flagged that Russia plans to ban direct peer-to-peer crypto trades starting July 2027, a deadline that will shape where remaining activity migrates.
Originally published on CoinPulseHQ: https://coinpulsehq.com/moscow-exchange-dec-1-crypto-trading-bitcoin-ether-usdt/

Crypto markets lost liquidity over the past six months even as one network's payment activity climbed to a record, AMBCrypto reported. Total stablecoin supply fell from $280 billion in April to $263 billion, a 6% decline, while Solana stablecoin-funded card spending reached $141 million in October.
The exchange data points to where the money went. Binance's stablecoin reserves dropped from about $51 billion to roughly $33.9 billion, a slide AMBCrypto tied to a hacking incident that removed approximately $3 billion from the platform. Over the past 30 days, Binance's Ethereum-based Tether (USDT) reserves fell 7.8% to $34.78 billion.
Key facts
• Stablecoin supply fell 6%, from $280 billion in April to $263 billion, according to AMBCrypto.
• Binance's Ethereum-based USDT reserves declined 7.8% over 30 days to $34.78 billion.
• Solana card spending reached a record $141 million in October, AMBCrypto reported, a sevenfold rise from October 2025.
• Crypto Briefing reported September card volume of $113.9 million on Solana, versus $19.7 million a year earlier, a 478% increase.
• Paymentscan's November 3 dashboard showed about $1.37 billion in tracked October stablecoin card volume across all networks, per crypto.news, including some self-reported data.
A reserve drain meets a payments record
The two data sets describe different sides of the same market. AMBCrypto reported that withdrawals from exchanges reduce the purchasing power available for trading; with both institutional and spot demand lower, it said ETH faces continued downward pressure until USDT flows back into exchanges. Reserve losses at Binance also reflect the hack the outlet linked to the decline.
Solana tells the other story. AMBCrypto noted that monthly card spending crossed $50 million in January 2026 and has risen since, which it read as growing real-world reliance on Solana-based stablecoins.
Crypto Briefing supplied the mechanism behind the growth: partnerships with card networks including Visa, issuer rewards, and the network's low fees and throughput for small payments. It reported that USDC accounts for about 58% of stablecoin card volume and USDT about 26%. RedotPay, described as one of the leading card programmes, accounted for roughly $402 million in card volume over a recent 30-day window. Crypto Briefing also reported Solana's stablecoin supply climbing past $15 billion, with a peak of roughly $17.3 billion to $17.5 billion in September, and more than 14 million stablecoin-holding addresses by early October.
crypto.news examined how those totals are measured. Its report said Paymentscan separates top-ups from spending and tracks issuer settlement flows, so a single on-chain transaction can stand for many purchases. One example it gave: the KAST series showed $121 million across 31 transactions and 4 active addresses in October — roughly $3.9 million per observed transaction, a settlement average rather than a retail purchase price.
Why it matters
For exchanges, weaker stablecoin reserves mean less capital on hand to buy assets, which can weigh on prices. For payment users, the Solana figures indicate that dollar-denominated tokens are increasingly used at checkout rather than held idle. Crypto Briefing noted Solana usually ranks third by on-chain volume share behind Base and Optimism, and that the market's growth carries concentration risk: a large share of activity runs through a handful of card programmes, and USDC and USDT dominate volume. crypto.news also flagged that merchant payments are often settled in ordinary currency through card networks, so card volume is not the same as tokens changing hands at the till.
What to watch
Watch whether Binance's USDT reserves recover, whether Solana monthly card spending extends its run of records, and whether card partnerships widen the issuer base. Paymentscan's monthly dashboards, including partial-month figures, will be the first place those shifts appear.
This article is informational only and is not financial advice; cryptocurrency markets are volatile and uncertain.
Originally published on CoinPulseHQ: https://coinpulsehq.com/stablecoin-supply-falls-solana-card-spending-record/

Plasma's XPL token fell 10.22% over 24 hours and traded around $0.06335 at the time of reporting, according to AMBCrypto. Spot trading volume dropped 22.35% to $102.48 million over the same period. The decline followed a November 2 funding trace that investigators said linked addresses behind November liquidations to wallets tied to trading in April.
AMBCrypto reported that the funds were traced through an exchange hot wallet before USDT withdrawals reached addresses associated with the November trading. The outlet also noted the trace did not establish common ownership or control of the wallets.
Key facts
• XPL fell 10.22% in 24 hours and traded near $0.06335, with spot volume down 22.35% to $102.48 million.
• Open interest fell 15.82% to $171.42 million, and derivatives volume dropped 8.78% to $203.62 million, per CoinGlass.
• The OI-weighted funding rate sat at -0.0019% on November 3, meaning shorts were paying longs.
• XPL lost the $0.08197 level, then broke below $0.07250 and moved toward $0.0600.
• On April 3, XPL rose 42% to $0.167 before falling more than 40% within minutes; about $32.99 million in short positions were liquidated during the surge.
Derivatives traders cut exposure
Futures traders reduced their positions during the sell-off. Open interest, which tracks outstanding derivative contracts, declined by 15.82% to $171.42 million, according to CoinGlass data cited by AMBCrypto. Derivatives trading volume also fell 8.78%, to $203.62 million, signaling less activity in futures markets.
The shift in positioning came alongside a move in XPL's OI-weighted funding rate, which had been mostly positive through October. It turned negative during the drop, reaching -0.0019% on November 3. A negative funding rate means short sellers pay longs, pointing to a bearish tilt in perpetual futures. AMBCrypto noted the size of the negative reading was not large enough to create significant short pressure on its own.
The April precedent behind the wallet trace
The investigation's relevance traces back to April 3, when XPL climbed 42% to $0.167 and then fell more than 40% within minutes. Five addresses opened long positions before the rally, released margin during the climb and were ultimately liquidated. About $32.99 million in short positions were liquidated during the initial surge.
The suspected wallet links renewed questions about leveraged trading activity and how it affects XPL's price. AMBCrypto described the connections as deepening concerns over the token's recovery, while stopping short of claiming proof of common control.
Technical picture points to $0.0600
XPL's daily structure was bearish, with sellers pushing the price below previously established support levels. The token lost $0.08197 before breaking $0.07250, putting $0.0600 in focus as the next line of defense. The MACD fell below its signal line, with a histogram reading of -0.00062. The Relative Strength Index dropped to 34.07, under its 40.79 moving average, an area that approaches oversold conditions without a confirmed reversal. Buyers would need stronger demand to hold the level.
Why it matters
XPL's move shows how quickly derivatives positioning and on-chain scrutiny can reinforce each other in a thinly traded altcoin. Deleveraging lowers the immediate risk of cascading liquidations, but the decline in spot volume means less buying support if holders keep selling. For traders holding leveraged XPL exposure, the funding flip and shrinking open interest amount to a market that is turning more cautious rather than more confident.
What to watch
Whether XPL holds $0.0600 on a daily close is the immediate test, with a break lower leaving the token without a published support level from this analysis. A recovery in open interest or a return of the funding rate to positive territory would be the first signs that positioning is stabilizing.
This article is not financial advice, and cryptocurrency markets are volatile and uncertain.
Originally published on CoinPulseHQ: https://coinpulsehq.com/plasma-xpl-falls-10-percent-open-interest-drops/

Mercado Bitcoin, the largest crypto exchange in Brazil, told users they will not absorb the cost of a security breach that hit its systems on November 2, according to Decrypt. The exchange said customer balances remain recorded in their accounts and that no data was leaked, while deposits and withdrawals stayed frozen with no announced restart date.
The size of the loss depends on who is counting. Mercado Bitcoin's own figure was about $38 million, Finbold reported that security firm Hypernative first flagged more than $40 million in suspicious transfers, and Decrypt cited Arkham at at least $46 million and Chainalysis at about $49 million.
Key facts
• Mercado Bitcoin detected the breach early on November 2 and suspended deposits and withdrawals as a preventive measure.
• The exchange said about $38 million in assets was involved and that $11 million had already been blocked after help from Tether, Circle, Paxos, BRL1 and Chainalysis.
• Hypernative traced suspicious transfers across at least 10 blockchains, including Bitcoin, Ethereum, Solana and Tron, per Decrypt; Finbold reported the firm identified transfers to newly created addresses.
• Tether froze more than $4.5 million in USDT tied to the incident, CEO Paolo Ardoino said, according to Decrypt.
• Chainalysis put the total at roughly $49 million with nearly $10 million frozen, while Arkham traced at least $46 million.
How the exchange is responding
In a statement posted on X, Mercado Bitcoin said customer assets were guaranteed and balances continued to be recorded in their respective accounts. It said it activated security and governance protocols immediately and notified the authorities.
The company has not disclosed how the attackers gained access. Finbold reported that the transfers flagged by Hypernative appeared to be ordinary signed transactions rather than an exploit of a smart contract flaw, leaving open whether private keys, signing infrastructure, employee credentials or another part of the exchange's systems were compromised.
Tether's freeze stops the stablecoin from moving but does not return it to its owner, which is why the exchange's commitment to cover the loss carries weight for customers. The same caveat applies to every frozen balance: outside observers cannot verify how much an exchange can actually absorb, and exchanges are not required to show customers their books.
Why it matters
Mercado Bitcoin's pledge follows a similar promise from Binance after an October 29 breach. Decrypt reported that the FBI blamed that theft, put at more than $6 billion, on North Korea's TraderTraitor group, while Finbold described it as a record $6.3 billion hack. Neither outlet reported a connection between the two incidents, and Mercado Bitcoin has not linked them.
Binance CEO Richard Teng said on X that the company would absorb the impact rather than pass it to users, adding that about 95% of the affected assets had been replenished, per Decrypt. The two events together renew scrutiny of how centralized exchanges safeguard customer deposits during a hack.
What to watch
Mercado Bitcoin said it will post updates on X and resume service once full security is restored; until then, no restart date has been given. The gap between the exchange's $38 million figure and analysts' estimates of $46 million to $49 million will also need reconciling, and the company has yet to explain how the breach happened.
Originally published on CoinPulseHQ: https://coinpulsehq.com/mercado-bitcoin-refund-40-million-hack/

Binance reopened cryptocurrency withdrawals for nine major assets at 04:00 UTC on November 3, 2026, more than four days after a $6.3 billion security breach forced the exchange to halt outbound transfers. Bitcoin, Ethereum, XRP, Solana, Dogecoin, Chainlink, Cardano, Litecoin and Shiba Inu are withdrawable again across nine supported networks, AMBCrypto reported.
The exchange said in its own status post on X that it was prioritising tokens by user demand from the past week and restoring each network-asset pair only after completing security checks. Additional assets would follow as they become ready.
Key facts
• Withdrawals for BTC, ETH, XRP, SOL, DOGE, LINK, ADA, LTC and SHIB resumed at 04:00 UTC on November 3 across nine networks.
• Binance recorded about $3.29 billion in net outflows over the prior 24 hours, down more than 50% from an intraday peak of nearly $7 billion, per DeFiLlama data cited by AMBCrypto.
• Binance has replenished roughly 95% of affected assets with its own funds and says BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed at a minimum 1:1 ratio.
• Per Cointribune, Bitcoin withdrawals came back first on November 1, between 6 a.m. and 9 a.m. UTC, and the opening phase covered 15 networks including Ethereum, BNB Smart Chain, Tron, Zcash, Polygon, Avalanche C-Chain, Arbitrum, Base, Optimism, TON and Sui.
• Elliptic reported the attacker moved 28 BTC through CoinJoin, with stolen assets passed through about 12,000 wallets on 11 blockchains in more than 40,000 transactions.
A phased restart, with a second wave still unscheduled
Binance is also beginning to restore withdrawals on Sui, Arbitrum, Optimism, TRON and Base, but says the process will be gradual as checks are completed on each network. Cointribune noted that the list of networks does not mean every asset is immediately available: on Ethereum, for example, the exchange currently allows ETH, USDT and USDC, while Arbitrum handles ETH, USDT, USDC and ARB.
The two reports describe the scope of the restart differently. AMBCrypto frames the November 3 04:00 UTC reopening around nine networks; Cointribune describes an initial phase covering 15 networks that started with Bitcoin on November 1 and says no date has been set for a second phase, with Yi He stating that remaining wallets face additional checks. Cointribune added that deposits were never interrupted — only withdrawals were suspended, from October 29.
Funding for the top-up comes from three sources, per Cointribune: the SAFU fund, excess capital from the futures insurance fund and the company's own treasury. The exchange intends to bring SAFU to about one billion dollars.
Reserves verification lands alongside the outflows
Cointribune reported that Binance planned to publish full zero-knowledge cryptographic verification of its new proof of reserves on November 3, following an initial snapshot dated October 31 at 0 UTC. AMBCrypto described that October 31 proof-of-reserves report as showing a sharp drop in USDT balances alongside lower Ethereum and BNB holdings, with Bitcoin holdings up slightly.
On-chain holdings at the exchange stood at approximately $127.78 billion. A CryptoQuant analyst cited by AMBCrypto put the day's net Bitcoin outflow at -16,021 BTC and said withdrawals were processing correctly with no further security issues.
The fallout from the breach is still moving. The FBI attributed the hack to North Korea on October 31 and named the operation TraderTraitor, according to Cointribune. About $3.24 billion remains in theft-linked addresses, mostly in Bitcoin and Ethereum, while roughly $2.85 billion has been frozen, per AMBCrypto.
Why it matters
Binance is the largest venue many traders use for liquidity, so the pace of restored withdrawals and the size of remaining outflows are a direct read on whether customers are returning funds or still pulling them. The decline in net outflows from near $7 billion to about $3.29 billion implies the initial rush to exit has slowed, but it is still an outflow. Users with assets on the unscheduled second-phase networks remain unable to move funds, and the cryptographic reserve verification is the document those customers will lean on.
What to watch
Watch the full zero-knowledge proof-of-reserves verification Binance committed to publishing on November 3, and any announcement of timing for the second withdrawal phase covering the wallets still under additional checks. Further outflows figures from DeFiLlama and CryptoQuant will show whether deposits are genuinely keeping pace with exits.
Originally published on CoinPulseHQ: https://coinpulsehq.com/binance-withdrawals-nine-networks-outflows/

Tether chief executive Paolo Ardoino said the stablecoin issuer owns about 150,000 Bitcoin, a figure well above what the company's latest USDT reserve report discloses. At the Bitcoin price reported on November 3, 2026, that holding would be worth roughly $11.5 billion, AMBCrypto reported.
Ardoino gave the number during a keynote at the Plan ₿ Forum in Lugano, Switzerland, while discussing Tether's backing for Bitcoin and its mining investments. He did not say when the coins were acquired or which Tether entities hold them, leaving the timing and make-up of the position unexplained.
Key facts
• Ardoino told the Lugano audience Tether holds "give or take 150,000 bitcoin" on its corporate balance sheet.
• Tether's third-quarter attestation, prepared by BDO and published October 30, valued Bitcoin reserves at $8.37 billion as of September 30 — roughly 100,060 BTC at the November 3 price, per AMBCrypto.
• That Bitcoin line compared with about $5.8 billion at the end of June, according to Blockonomi.
• Total reserve assets stood at $191.45 billion against liabilities of about $183.50 billion, leaving excess reserves of $7.95 billion, up from $4.1 billion at the end of June.
• Tether earned $1.5 billion in net operating profit in the quarter, taking its nine-month total to $4.5 billion, Blockonomi reported.
A gap of roughly 50,000 BTC
The distance between the two numbers is substantial. Around 50,000 BTC separates Ardoino's figure and the reserve report's Bitcoin line at face value. AMBCrypto noted that Tether also holds long-term proprietary investments outside its token reserves, and that Ardoino's remarks did not spell out how returns from those investments connect to his company-wide estimate.
The reserve report is not a full inventory of everything Tether owns. It is an attestation of the collateral behind USDT, valued on the reporting date. That structural difference helps explain why a company-level count can exceed the Bitcoin listed against the token.
Tether has been buying Bitcoin for several years. Blockonomi reported that the policy began in May 2023, when the company started directing part of its profits into the asset; AMBCrypto described a plan to allocate up to 15% of net realized operating profits to Bitcoin on a regular basis, announced about three years ago.
Treasury bills still dominate the backing
Bitcoin makes up only part of the reserve portfolio. Direct and indirect exposure to U.S. Treasury bills reached $132.4 billion at the end of September, of which about $122.84 billion was held directly and $9.52 billion sat in overnight reverse repurchase agreements, according to Blockonomi. The report also listed $19.08 billion in gold and $14.18 billion in secured loans.
USDT issuance stayed near $184 billion across the first nine months of 2026, Blockonomi reported. Ardoino said the company serves more than 730 million users and adds about 30 million new wallets each quarter. AMBCrypto put the net surplus at about $7.95 billion, a rise from $4.11 billion in June; Blockonomi described the same figure as up from $4.1 billion, a rounding difference between the two reports.
Why it matters
Tether is the largest issuer of dollar-pegged tokens, so its balance sheet is read as a gauge of how much risk sits behind USDT. A higher company-wide Bitcoin count suggests more exposure to a volatile asset than the attestation alone implies, even though that Bitcoin may sit outside the reserves that back the token. Readers tracking Tether as a corporate Bitcoin holder now have two reference points — the disclosed reserve line and the CEO's statement — that do not reconcile.
What to watch
Tether's next quarterly attestation will show whether the Bitcoin line keeps climbing from the $8.37 billion reported for September 30. Any breakdown from the company on which entities hold the coins, or on the acquisition schedule Ardoino left out, would close the gap between the two figures.
This article is informational only and is not financial advice. Cryptocurrency markets are volatile and uncertain; readers should do their own research before making any decision.
Originally published on CoinPulseHQ: https://coinpulsehq.com/tether-150000-bitcoin-ardoino-lugano/

Binance has published an initial account of the October 29 theft of roughly $6.34 billion, saying the attackers reached its wallet-signing systems through a staged job interview, malicious software and a compromised internal AI tool. According to Bitcoin.com News, the exchange described a campaign running for months before the unauthorized transfers.
The FBI has attributed the operation to North Korea, and blockchain intelligence firms TRM Labs and Chainalysis separately linked the theft to North Korean hacking groups, Bitcoin.com News reported. North Korean leadership has rejected the accusation, calling the FBI statement a political provocation.
Key facts
• The campaign began in June, when a wallet engineer downloaded a tampered Homebrew installer while trying to install an AI coding tool; Binance replaced the device and rotated credentials.
• In September, a second engineer was approached on a legitimate recruitment platform by someone posing as a recruiter, then was told during a second interview to download a coding assignment that carried previously undetected malware.
• On October 29, stolen credentials were used against wallet-signing operations to move 18,270 BTC, 233.46 million XRP, about 970,500 SOL and 44.2 million OP, among other assets.
• Attackers used Ethereum's EIP-7702 authorization mechanism to keep moving funds from a hot wallet after withdrawals were suspended, filing 50 signing transactions to establish the permissions.
• Binance said about $2.85 billion had been frozen or intercepted and that 98% of affected tokens were replenished as of October 31.
From a coding test to wallet signing
Binance's timeline shows how ordinary developer tooling became the entry point. The June installer incident did not lead to loss but exposed which staff worked on wallet infrastructure and who their colleagues were. The September interview — a video call with a purported HR representative followed by one with someone presenting as the head of a fictitious company — put malware on a work machine, where it replaced a legitimate developer tool component and let attackers run commands and reach an external server.
By October 20, the compromised machine plus an internal AI tool gave attackers a path to two wallet engineers, one of whom held a container deployment token. Crypto Briefing reported that the attackers then deployed a container and ran a script that reached the signing service.
The EIP-7702 step mattered because Ethereum permissions survive policy changes on the exchange side. Suspending withdrawals could not cancel authorizations already written on-chain, and multiparty computation wallets, which have no single private key for immediate revocation, required a specialized procedure. Binance cleared the delegation shortly after midnight UTC on October 30.
Two versions of the last transfer
The outlets differ on the final transfer's size and timing. Crypto Briefing put it at 2,961.9 ETH, finalized at 23:56 UTC on October 29, with the delegation revoked shortly after midnight on October 30. crypto.news said the same 2,961.9 ETH transfer finalized at 23:56 UTC but reported that Binance cleared the Binance 14 delegation at 00:10 UTC on October 30. Bitcoin.com News described the transfer as approximately 2,962 ETH.
crypto.news also quoted Binance co-CEO Richard Teng saying withdrawals had broadly resumed and that users would bear no losses. The exchange has committed to absorbing the cost itself, rebuilt the affected wallet environment and internal AI tool, replaced employee devices and revoked exposed credentials. CoinShares head of research James Butterfill told crypto.news that custody rules under MiCA give clients of authorized entities stronger safeguards, while noting that authorization cannot prevent every breach.
Why it matters
The report shifts attention from smart contract bugs to people and tooling: a recruitment process, an installer, an internal AI assistant. Exchanges that let engineers run AI agents with deployment rights now face a social-engineering surface their endpoint software did not catch. The theft also tests whether on-chain authorizations granted during an incident can be undone quickly enough when key material is split across an MPC setup.
What to watch
Binance said its investigation is ongoing and that some technical findings will undergo independent verification before further disclosure. It has commissioned an independent cybersecurity review and is weighing a security research fund aimed at AI-related threats. Investigators are still tracing funds, which Elliptic followed through roughly 12,000 wallets on 11 blockchains in under four days.
Originally published on CoinPulseHQ: https://coinpulsehq.com/binance-6-34b-hack-fake-interviews-ai-tool/

The crypto market was little changed over the past 24 hours. Total market value moved -0.3% to $2.60 trillion as of 13:00 UTC on Tuesday, November 3, 2026. Bitcoin traded at $77,260 (-0.8%) and Ether at $2,279 (-0.5%). 17 of the 50 largest coins were higher, and the median move was -0.6%.
Why is crypto flat today? What the numbers show
• Breadth. There was no clear direction: 17 of 50 large coins rose and 33 fell, so gains in some coins offset losses in others.
• Bitcoin versus altcoins. 28 of the other 49 large coins beat Bitcoin, so leadership was split. Bitcoin dominance stands at 59.9%, and Ether outperformed Bitcoin by 0.4 percentage points.
• Trading activity. 24-hour volume across the market was $64.6 billion, up 34.8% on the previous day. Volume did not change sharply, so the move was not driven by a surge of trading.
• Bitcoin's 24-hour range. From $76,343 (06:15 UTC) to $78,120 (13:45 UTC, Nov 2), a 2.3% swing. The low came after the high.
Stocks, the dollar and gold
Crypto often trades alongside other risk assets. Latest session for each (the date is the market's last close or update):
Market Level Change As of
S&P 500 7,541.40 -0.5% Nov 2
Nasdaq Composite 25,164.36 -1.1% Nov 2
US dollar index 101.85 +0.1% Nov 3
Gold 3,934.40 -0.9% Nov 3
US 10-year Treasury yield 4.937% +4.3 bp Nov 3
Biggest movers in the top 50
Gainers
Coin Price 24 hours 7 days
World Liberty Financial (WLFI) $0.05173 +3.4% -1.2%
Pump.fun (PUMP) $0.004222 +2.5% +0.9%
XRP (XRP) $1.28 +2.2% -2.0%
Monero (XMR) $624.04 +2.2% +4.9%
TRON (TRX) $0.3219 +1.8% -1.8%
Losers
Coin Price 24 hours 7 days
NEAR Protocol (NEAR) $3.90 -5.8% -14.0%
Morpho (MORPHO) $2.12 -5.0% -3.0%
Zcash (ZEC) $1,196 -4.7% -5.0%
Gram (prev. Toncoin) (GRAM) $1.15 -4.1% -5.8%
Ethena (ENA) $0.1726 -3.7% -16.0%
The stories behind today's moves
What CoinPulseHQ reported in the past 24 hours:
• Binance SAFU Bitcoin Wallet Falls to 7,500 BTC After Hack Payout — Binance's SAFU Bitcoin wallet fell to about 7,500 BTC after a 7,499 BTC transfer, as the exchange published proof of reserves for 10 tokens post-hack.
• Ethereum blobs stay guaranteed for 18 days, not deleted — Ethereum blobs are guaranteed for about 18 days, not deleted. Blobscan still traced the first blob from March 2024 across three archives in October 2026.
• Binance hackers swap $46.4M in stolen Solana for Bitcoin — Binance hackers moved 486,970 SOL worth about $46.4 million into Bitcoin via Relay, Chainalysis said, as Binance restored 95% of stolen assets after a $6.3B...
• Bitcoin’s $707B loss overhang points to a months-long recovery — About $707B of Bitcoin capital sits at a loss versus $380B in profit, and active addresses are down 43% from the December 2024 peak, AMBCrypto reports.
• OKX Adds 13,800 BTC Reserves in Month Binance Lost $6.3B — OKX's 49th proof-of-reserves report shows customer bitcoin up 13,800 BTC to 156,609 BTC, in the same month Binance lost $6.3 billion to hackers.
Live prices for the top 50 coins are on our Markets page, and today's biggest movers are on top crypto gainers and losers. Every daily report is collected on Crypto Market Today, and the previous one is Crypto Market Today, Nov 2, 2026: Bitcoin Steady Near $77.9K as JUST Jumps 3%. For the bigger picture, read our weekly market wraps, and if you are wondering about trading hours, see is the crypto market open on weekends.
How this report is made
CoinPulseHQ calculates every figure in this report from CoinMarketCap and CoinGecko market data recorded at 13:00 UTC on Tuesday, November 3, 2026, and stock, dollar, gold and bond levels from CNBC quotes. Stablecoins and wrapped or staked versions of other coins are left out of the rankings. Changes are over the previous 24 hours. The report describes what prices did and which measurable factors moved with them; it does not claim a single cause and does not predict prices. It is not financial advice.
Originally published on CoinPulseHQ: https://coinpulsehq.com/crypto-market-today-2026-11-03/

Roughly $707 billion of the capital invested in Bitcoin was held at a loss, against about $380 billion in profit, according to AMBCrypto. The outlet reported the figures on November 3, 2026, citing the analyst Darkfost, who tracks the daily average of capital sitting in profit or loss on Bitcoin spot positions.
Darkfost's view, as reported, is that clearing that overhang is a matter of time rather than a single catalyst. Bitcoin would need to trade through a large block of positions bought at higher prices before most of that capital returns to profit, and the analyst expects several months for that to happen. Only then, in that framing, does a market expansion have room to build.
Key facts
• About $707 billion of Bitcoin capital was at a loss, compared with roughly $380 billion in profit, per Darkfost's figures.
• Bitcoin's price fell to a low of $76,541 on Monday, November 2, 2026.
• The 30-day average of active addresses was 629,000, 43% below the December 2024 peak of 1.10 million, according to analyst Axel Adler Jr.
• The 30-day average of daily on-chain transfer volume slipped 5.4% from December 2024, from 865,000 BTC to 819,000 BTC.
• Brazilian exchange Mercado Bitcoin halted transfers after a security incident that drained $40 million, then resumed withdrawals.
Activity is down, but coins still move
The two on-chain readings cited in the report point in different directions. Address activity has contracted sharply: Adler compared the 43% decline from the December 2024 high with 2018, when active addresses fell 50%, from 1.10 million to 547,000, over about three months. The current contraction has stretched across almost two years.
Volume tells a milder story. Even with far fewer addresses in use, the average daily total of BTC moved on-chain was only slightly below the December 2024 level. AMBCrypto's summary of the data is that the coins changing hands remain comparable to that period, even as the number of participants has shrunk.
Sentiment hit by exchange failures
The loss figures landed alongside security trouble at major venues. Mercado Bitcoin stopped transfers after a $40 million drain and has since restored withdrawals, with deposits unaffected throughout. That incident followed the Binance heist by a matter of days, and AMBCrypto described market sentiment as still highly pessimistic.
The $75,000 demand zone, which lines up with the short-term holder cost basis, has become the level swing traders and longer-term holders are watching after the drop to $76,541.
Why it matters
The ratio of capital in loss to capital in profit shapes how rallies behave. Holders who bought near recent highs tend to sell as price returns to their entry point, so each leg upward meets supply from investors trying to get even. That is why recovery from a deep drawdown often takes months of sideways trading rather than a sharp reversal. For long-term holders the practical effect is a market where upside is absorbed gradually, and for newer buyers it means the cost basis of the past year's cohort now functions as resistance.
What to watch
The $75,000 demand zone is the immediate line to monitor; a sustained break below it would push more positions into loss and lengthen the recovery timeline Darkfost described. The daily balance between capital in profit and capital in loss is the metric that would show the overhang starting to clear. This article is not financial advice, and crypto markets are volatile and uncertain.
Originally published on CoinPulseHQ: https://coinpulsehq.com/bitcoin-707-billion-loss-overhang-recovery-months/

OKX's 49th consecutive proof-of-reserves report showed customer bitcoin balances rising 13,800 BTC to 156,609 BTC in the month to Nov. 1, a 9.66% increase from the Oct. 3 snapshot, according to Bitcoin.com News. At the time of the report those added coins were worth over $1 billion at a bitcoin price near $76,800, and the exchange's full customer stack was valued at roughly $12.04 billion.
The same month ended with Binance losing $6.3 billion to hackers, an event reported by crypto.news. OKX's snapshot window does not break out how much bitcoin arrived after that breach, so the report cannot by itself establish a link between the two.
Key facts
• OKX customer bitcoin rose 13,800 BTC to 156,609 BTC, a 9.66% gain from Oct. 3 to Nov. 1.
• Ether holdings climbed 2.95% to 1.92 million ETH, an increase of 54,879 ETH.
• USDT balances fell 9% to 7.96 billion tokens, roughly 787 million fewer than a month earlier.
• OKX's own token, OKB, slipped 0.08% to 19.68 million.
• Binance suspended and later restored withdrawals after the theft; crypto.news reported it processed $4.649 billion in withdrawals and $1.01 billion in deposits, a net outflow above $3.64 billion.
Where the money leaving Binance went
Bitcoin.com News reported that Binance has shed more than $16.5 billion in tracked assets since the hack, falling from about $144.9 billion on Oct. 29 to about $128.3 billion on Nov. 2. Some of that decline was the theft itself and some was price movement.
Whale Factor data cited in that report showed Binance losing about $4.5 billion over 24 hours while the next 10 exchanges combined took in only about $368 million. Most of the money leaving Binance therefore appears to have gone to self-custody wallets or stayed off exchanges rather than moving to competitors.
The two outlets describe the outflow differently. crypto.news frames its figure as net outflows from the exchange after withdrawal services resumed on Nov. 1, while Bitcoin.com News cites total tracked assets over a longer window. Both point in the same direction but are not directly comparable.
Binance answers with its own reserve proof
Binance co-founder Yi He said the exchange had generated the full zero-knowledge proof for its Oct. 31 snapshot, covering 10 tokens: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC. Such a proof lets an exchange demonstrate that reserves cover user balances without disclosing individual account data.
Days before that, Binance had said BTC, ETH, XRP and seven other cryptocurrencies were fully backed after the attack. Tether said it froze over $1.5 billion tied to the hack within 30 minutes.
OKX has published monthly reserves since the FTX collapse in late 2022, allowing users to check their own balances against holdings the exchange says cover them at least 1:1. The practice has become a standard trust signal for large venues.
Why it matters
Reserve reports are the main way customers can judge whether an exchange holds what it says it holds, and the contrast between OKX's gains and Binance's losses gives traders a side-by-side comparison in a period of acute stress. Where funds went after the breach also shapes the debate over whether exchange balances are a meaningful safety signal or simply a measure of user confidence that can move quickly.
What to watch
Binance plans new reserve snapshots on Nov. 4, 2026, and OKX's 50th report is due in early December. That report will be the first to cover a full month after the hack and should show whether OKX's bitcoin gains held once the initial panic faded. OKX also faces objections from Nvidia, Costco, Nike and other listed companies over its tokenized stock venture with Intercontinental Exchange.
This article is not financial advice, and crypto markets are volatile and can change quickly.
Originally published on CoinPulseHQ: https://coinpulsehq.com/okx-proof-of-reserves-13800-btc-binance-hack/

The attacker behind the 2022 Pando Rings exploit deposited 4,000 ETH into Tornado Cash and left 3,548 ETH outside the mixer, according to on-chain data reported by AMBCrypto. The transfers, dated to the end of October and reported on November 2, mark the exploiter's renewed effort to hide stolen funds four years after the breach.
AMBCrypto, citing Arkham data, described a sequence in which the wallet first converted about $16.98 million in Dai to 7,548 ETH, then split the balance into smaller 100 ETH deposits worth roughly $229,000 each.
Key facts
• The attacker supplied 16.8 million USDT as collateral to borrow 5,000 ETH, repaid the loan, withdrew the collateral and swapped 16.7 million DAI for 7,548 ETH.
• After the conversions, 4,000 ETH went into Tornado Cash while 3,548 ETH stayed outside the mixer.
• Deposits were made in 100 ETH batches, each worth about $229,000, following an earlier 800 ETH deposit in August.
• AMBCrypto reported no confirmed exchange deposits and no established immediate selling pressure.
• Separately, Bitcoin.com News reported the Binance hacker split 233.46 million stolen XRP, worth about $293 million, across six new wallets between 03:52 and 04:00 UTC on Nov. 2.
How the funds were consolidated before the mixer
The attacker used Aave to turn stablecoin holdings into ETH before moving funds toward Tornado Cash. The lending step let the exploiter borrow ETH against USDT collateral, repay the loan, and then swap DAI for ETH, consolidating the balance into a single asset ahead of laundering.
That pattern matters for investigators because it breaks the link between the original stablecoin haul and the ETH that later entered the mixer. Rather than moving stolen tokens directly, the exploiter converted them through a lending market and a swap, adding layers that must be traced separately.
Why Tornado Cash complicates recovery
Tornado Cash pools deposits from many users and returns funds to fresh wallet addresses, cutting the direct connection between a depositor and later recipients. For theft recovery, that means wallet-level tracking of addresses tied to the hack yields less, and investigators must instead rely on transaction patterns and off-chain intelligence to establish where ETH eventually lands.
AMBCrypto reported that the latest deposits had not yet produced connections to wallets in known clusters. The exploiter's August deposit of 800 ETH shows the mixer strategy predates the current transfers, so the approach is established rather than new.
Bitcoin.com News offered a parallel case that shows both the limits and the value of tracing. The Binance attacker moved all 233.46 million stolen XRP into six new wallets, five holding about 40 million XRP each and the sixth 33.46 million, after test payments of 1,000 XRP. That outlet also reported about $242 million already routed through Tron-related paths, including Relay, Thorchain, Chainflip and Symbiosis, and a $250,000 deposit into the exchange Gate. Native XRP has no issuer able to freeze it, in contrast to stablecoins, where Tether froze about 378.7 million USDT.
Why it matters
For holders and exchanges, the Pando Rings case shows that an exploit four years old can still produce fresh laundering activity, which keeps recovery efforts open but unresolved. There is no evidence in the reported data that the ETH has reached a trading venue, so the transfers do not by themselves establish new selling pressure on Ethereum.
The two stories differ in what has been confirmed. AMBCrypto reported no exchange deposits from the Pando Rings funds; Bitcoin.com News reported exchanges watching six labelled wallets and a small test deposit at Gate. Both outlets describe tracing as the main remaining lever once funds enter a mixer or are split across new addresses.
What to watch
The next concrete signal will be whether any of the 3,548 ETH left outside Tornado Cash moves toward an identifiable exchange deposit address, and whether the 4,000 ETH already mixed surfaces in wallets tied to known clusters. Until then, the recovery status of the Pando Rings funds stays unconfirmed.
Originally published on CoinPulseHQ: https://coinpulsehq.com/pando-rings-hacker-4000-eth-tornado-cash/