[Blockchain Association urges bipartisan crypto tax legislation in Congress]

The Blockchain Association, a U.S. cryptocurrency lobbying group, sent a letter to House and Senate leaders urging bipartisan legislation on crypto tax rules.

The group said about 67 million Americans hold and use digital assets, but the current tax regime was designed for an earlier economic environment, creating uncertainty and excessive reporting and compliance burdens for taxpayers while driving innovation overseas. The association’s proposed tax principles for cryptocurrencies include a de minimis exemption for small transactions, changes to the taxation of mining and staking rewards, taxpayer privacy protections, taxation based on economic substance, and revisions to wash sale rules. It also launched a website, TaxClarityforAmerica.com, where the public can review related tax rules, track congressional legislative progress, and send feedback to their representatives.
https://coinness.com/en/news/1172660

[Nasdaq falls more than 2% intraday as U.S. stocks decline]

The Nasdaq’s intraday loss widened to 2.22% in U.S. stock trading. The S&P 500 was down 1.35%, while the Dow Jones fell 0.58%.
https://coinness.com/en/news/1172661

[Circle shareholder sues Trump family’s WLFI over UAE-linked deals]

Joel Greenberg, a Circle shareholder and former software engineer, has filed a lawsuit against World Liberty Financial (WLFI), the DeFi project tied to U.S. President Donald Trump’s family, alleging the firm improperly profited from two UAE-linked transactions in violation of the U.S. Constitution’s Foreign Emoluments Clause.
https://coinness.com/en/news/1172662

[Fireblocks denies report of Visa takeover talks]

Crypto custody firm Fireblocks denied reports that it is in talks to be acquired by global payments company Visa, CoinDesk reported. Bloomberg and Axios had earlier reported, citing anonymous sources, that Visa was in late-stage talks to acquire Fireblocks for $2.5 billion. A Fireblocks spokesperson said the company is aware of the acquisition rumors but, for now, has not heard anything about them and they are not true. Fireblocks was valued at $8 billion when it raised $550 million in 2022.
https://coinness.com/en/news/1172663

[Aave founder says AAVE tokenomics 3.0 to add burn and staking mechanisms]

Aave founder Stani Kulechov said during a live stream on X that AAVE tokenomics version 3.0 will add AAVE buybacks, token burns and staking mechanisms.

Last month, Kulechov said on X that the team was considering a program combining buybacks with burns in the AAVE tokenomics 3.0 update. Aave has operated a program since last year to buy back AAVE tokens using part of the protocol’s revenue, but that program did not include burns. AAVE buybacks have also been temporarily suspended since April 19, 2026.
https://coinness.com/en/news/1172664

[Justin Sun says WLFI suit is routine investor action, still backs Trump crypto policy]

Tron founder Justin Sun said his lawsuit against the Trump family’s crypto project World Liberty Financial (WLFI) was a routine exercise of investor rights and does not change his support for President Donald Trump’s cryptocurrency policy.

In a recent interview, Sun said the WLFI project lacked transparency and adequate disclosure, and raised suspected fraud concerns, prompting him to formally file suit in a federal court in California. Sun added the case was an individual dispute and said his support remained unchanged for Trump’s cryptocurrency policy and strategy for developing the artificial intelligence industry.

Sun said the amount tied to the lawsuit with WLFI could reach $400 million to $500 million, but would not have a major impact on his overall asset portfolio. Sun also said he continues to invest in U.S. technology stocks and remains optimistic about approval of a spot TRX ETF, the onchain migration of the U.S. stock market, U.S. dollar strength, and growth in the AI industry.

Separately, Sun filed the lawsuit in April, alleging WLFI had improperly frozen tokens belonging to him as an early investor and restricted his participation in governance voting.
https://coinness.com/en/news/1172665

[Ansem says meme coin opportunity lies in trading demand, not token picking]

Crypto trader Ansem said on X there is a bigger opportunity in building services around speculative trading itself than in predicting the next meme coin to capture market attention.

Ansem added that younger traders are becoming increasingly comfortable with assets whose value is shaped by internet culture, and said their behavior differs significantly from that of traditional investors. While individual memes may emerge and disappear, demand for trading them could prove more durable, Ansem said, adding that Ansem is interested in how developers can turn that recurring trading activity into sustainable businesses and long-term value.
https://coinness.com/en/news/1172666

[Robinhood Chain posts $51.1M in Q3 fees, with just $69.2K in ETH settlement costs]

Robinhood Chain generated $51.11 million in transaction fee revenue in the third quarter, while its Ethereum settlement costs totaled just $69,170, CryptoSlate reported, citing a staking report from crypto asset manager Bitwise.

Of the total fees, about $45.93 million is estimated to have been retained by Robinhood Chain, while the remaining roughly $5.11 million went to the Arbitrum ecosystem, which provides the underlying technology, the report said. CryptoSlate added that about 74% of third-quarter fee revenue was concentrated over a 12-day period, indicating that the sustainability of future earnings remains to be seen.
https://coinness.com/en/news/1172667

[Dormant Ethereum whale moves 3,000 ETH to Kraken after 9.5 years]

An anonymous wallet beginning with 0xa4c moved 3,000 ETH to Kraken about 20 minutes ago after holding the tokens for 9.5 years, a transaction typically interpreted as a sign of potential selling.

According to EmberCN, the address had received 3,000 ETH from Gemini in 2017 and had remained dormant since then. ETH was trading around $19 at the time, suggesting an estimated 128x return over the 9.5-year holding period.
https://coinness.com/en/news/1172668

[Ethereum community cancels Hoodi testnet Glamsterdam upgrade schedule]

The Ethereum developer community has decided not to proceed with the Glamsterdam upgrade on the Hoodi testnet, which had been scheduled for Oct. 26, according to The Defiant. No detailed reason for the cancellation or timeline for the next rollout was disclosed.

The Glamsterdam upgrade was applied to the Sepolia testnet on Oct. 6, but with the Hoodi testnet schedule canceled, the timing of a mainnet rollout, which had been discussed as early as early December, has become uncertain.
https://coinness.com/en/news/1172669

[JAN3 CEO Samson Mow says Bitcoin’s quantum threat is not a major concern]

JAN3 CEO Samson Mow said in a recent interview that Bitcoin has been under attack for about 17 years since its inception, but has consistently proven its long-term resilience through upgrades, so he is not overly concerned about the threat posed by quantum computing.

Mow added that the issue now feels more realistic, noting that an Ethereum researcher, Vitalik Buterin, recently said the Elliptic Curve Digital Signature Algorithm could be broken by quantum computers.
https://coinness.com/en/news/1172670

[Trump says Iran fabricating attacks, mines to drive up oil prices]

U.S. President Donald Trump said on social media on Oct. 22 that Iran is making an all-out effort to push up oil prices ahead of the U.S. midterm elections and is fabricating incidents including fake attacks and mine-laying.

Trump added that oil transported through the Strait of Hormuz is currently greater than it was before the conflict broke out and stressed that people around the world and the American public need to understand how evil the Iranian regime is. He also criticized the Democratic Party as indifferent to the issue and added that Iran must never possess nuclear weapons and will not be allowed to do so.
https://coinness.com/en/news/1172671

[Arbitrum, Robinhood Crypto launch mentorship program with $100K prize pool]

Arbitrum said it has partnered with Robinhood Crypto to run a mentorship program for teams building in blockchain ecosystems including Arbitrum One and Robinhood Chain.

Selected teams will have opportunities to connect with investors and ecosystem partners, and will pitch their projects at a Demo Day attended by more than 50 investors, competing for a total prize pool of $100,000.
https://coinness.com/en/news/1172672

[Grayscale CEO says Q3 was its best this year, sees more crypto market opportunity]

Peter Mintzberg, CEO of crypto asset manager Grayscale, said on X that opportunities in the digital asset market are expanding. He added that net inflows into Grayscale’s crypto funds rose by about $1.2 billion in the third quarter from the previous quarter, marking the firm’s best quarterly performance this year. As of Sept. 30, Grayscale’s U.S.-listed crypto ETPs tied to Hyperliquid (HYPE), Sui (SUI) and Chainlink (LINK) ranked first by assets under management among comparable products in the U.S.
https://coinness.com/en/news/1172673

[Coinbase to halt FORTH trading on Nov. 23]

Coinbase announced it will halt FORTH trading at 2:00 p.m. UTC on Nov. 23.
https://coinness.com/en/news/1172674

[CryptoQuant says BTC unfazed as major U.S. miners shift toward AI]

Bitcoin has seen no meaningful damage even as large U.S.-listed mining companies shift toward the AI industry, with private and non-U.S. miners quickly filling the gap, according to on-chain analytics firm CryptoQuant.

CryptoQuant said five U.S.-listed mining companies signed more than $50 billion in AI leasing contracts, reducing the computing power allocated to Bitcoin mining by about 47%. Even so, Bitcoin’s hashrate has still risen to 105 EH/s since August and has held at a level 8.8% below its peak, CryptoQuant said.
https://coinness.com/en/news/1172675

[a16z says Frontier rebrand broadens scope, will keep investing in crypto]

Andreessen Horowitz, or a16z, said through an official channel that rebranding its flagship crypto-focused fund from a16z Crypto to a16z Frontier is meant to expand its investment scope, not reduce existing crypto investments.

The firm said a16z Frontier will continue investing in cryptocurrency and related sectors, while also continuing its efforts to help establish reasonable crypto regulations. It said the broader mandate will extend to frontier startups developing new technologies and creating new markets, with a particular focus on AI-driven technological shifts, new products and services, autonomous devices, and AI agent-based networks. CoinNess previously reported that a16z had dropped the term "crypto" from the name of its flagship blockchain fund.
https://coinness.com/en/news/1172676

[2,463 BTC transferred from Coinbase to an unknown wallet]

Whale Alert reported that 2,463 BTC has been transferred from Coinbase to an unknown wallet. The transaction is valued at about $201 million.
https://coinness.com/en/news/1172677

[Ethereum may face deeper losses if it falls below $2,360]

Ethereum has pulled back to around $2,400 as its recent rebound lost momentum, raising the possibility of further declines if key support levels fail, CryptoPotato reported.

On the daily chart, Ethereum rebounded to the $2,480-$2,520 range but failed to sustain the advance, according to the report. As bearish candles emerged, the price returned to the $2,360-$2,440 demand zone and slipped below the lower boundary of an ascending channel, suggesting buyers are defending nearby support but have yet to regain control of the market.

CryptoPotato said the main bearish scenario would unfold if Ethereum closes below $2,360 on a daily basis and then falls toward the recent low near $2,320. If that area also breaks, the correction could deepen further toward $2,200-$2,270.

Still, the outlet added the current demand zone has not decisively collapsed. If the price reclaims $2,440 and the lower boundary of the ascending channel, the near-term bearish outlook could weaken. A break above the $2,480-$2,520 range would then be needed to end the pattern of lower highs and lower lows and extend the broader rebound.
https://coinness.com/en/news/1172678

[BTC falls below $81,000]

According to CoinNess market monitoring, BTC has fallen below $81,000. BTC is trading at $80,952.63 on the Binance USDT market.
https://coinness.com/en/news/1172679

[$100 million worth of futures liquidated in the past hour]

Major exchanges have seen $100 million worth of futures liquidated in the past hour. In the past 24 hours, $455 million worth of futures have been liquidated.
https://coinness.com/en/news/1172680