[Horizen to shut L3 network and shift development to Base]

Horizen co-founder Rolf Versluis said the privacy-focused blockchain project will shut down its existing L3 network and shift to building on Base. Users need to complete any necessary actions by 1:00 p.m. UTC on Nov. 4.

Horizen plans to roll out Base-based post-quantum private transactions, private DeFi on Vela, and the restoration of ZEN nodes.
https://coinness.com/en/news/1173177

[Campbell says stablecoins shift bank deposits rather than drain them]

Austin Campbell, founder and CEO of Zero Knowledge, said stablecoins move bank deposits rather than destroy them, arguing in an interview with CoinDesk that deposit flight caused by stablecoins is mathematically impossible.

Campbell said ownership of money changes, but the funds do not actually leave the banking system. When someone buys a stablecoin, the money goes into another person’s bank account, and when the stablecoin is redeemed, the process works in reverse, Campbell said. Deposit ownership therefore moves between accounts or banks, but the overall pool of funds does not disappear in the process, according to Campbell. Campbell added that stablecoins are closer to cash or money market products than to bank deposits created through leverage.
https://coinness.com/en/news/1173178

[U.S. prosecutors charge 6 in NFT wallet theft and fraud case]

U.S. prosecutors have charged six people with NFT wallet theft and fraud, The Defiant reported. The group is accused of running a fake NFT investment operation based in Madagascar and using wallet approval systems to steal cryptocurrency. Estimated losses totaled at least $516,000 across about 74 wallets.
https://coinness.com/en/news/1173179

[Cysic restores cross-chain bridge after security incident]

Zero-knowledge proof computing network Cysic said its cross-chain bridge, which was hit by a security incident, has been fully restored and has resumed normal operations. The CYS bridge between the Cysic mainnet and supported chains is now available again. Earlier, a hacker exploited the bridge, causing about $727,000 in losses.
https://coinness.com/en/news/1173180

[Ki Young Ju says BTC must hold $80K to avoid liquidations toward $73K]

CryptoQuant CEO Ki Young Ju said on X that Bitcoin needs to hold the $80,000 level to avoid a prolonged liquidation cascade extending toward $73,000.
https://coinness.com/en/news/1173181

[Circle partners with ACI Worldwide to expand in Latin America]

Circle announced a partnership with payment technology company ACI Worldwide to integrate USDC payments into Latin American banking systems. According to Decrypt, Circle will move forward with a pilot project in Colombia based on ACI’s Bre-B instant payment system.
https://coinness.com/en/news/1173182

[BTC exchange net outflows hit 5-week high as focus turns to $80K support]

Investors are moving Bitcoin off exchanges ahead of economic data releases including the Federal Reserve’s benchmark rate decision, GDP and PCE inflation figures, according to blockchain analytics platform Santiment. The data showed net Bitcoin outflows from exchanges reached 14,900 BTC, marking the largest daily net outflow in five weeks.

Santiment said heavier Bitcoin outflows than inflows to exchanges suggest relatively less positioning for immediate selling. It identified $80,000 as a support level and said if BTC holds that level and exchange reserves keep falling, the price could rebound to $82,500-$84,000. If BTC falls under $79,000, however, the bullish outlook could weaken. Santiment added the market should also watch whether BTC regains $82,500 after the macroeconomic data releases.
https://coinness.com/en/news/1173183

[Balancer to shift most pools to withdrawal-only mode on Oct. 30]

DeFi protocol Balancer (BAL) said most Balancer pools will shift to withdrawal-only mode starting Oct. 30 under governance proposals BIP-928 and BIP-936. Withdrawals will remain available after the change, and users will retain control of their funds.
https://coinness.com/en/news/1173184

[Dormant whale wallet buys $10M in HYPE via Wintermute]

A whale wallet bought 123,000 HYPE through Wintermute after 27 days of dormancy, according to Onchain Lens. The purchase was worth about $10.02 million.
https://coinness.com/en/news/1173185

[US stocks close higher]

The three major U.S. stock indices closed higher today.
- S&P 500: +0.60%
- Nasdaq: +1.18%
- Dow Jones: +0.03%
https://coinness.com/en/news/1173186

[Anchorage, Bitso expand custody partnership for peso stablecoin MXNB]

Anchorage Digital announced an expanded custody and listing partnership with Latin American cryptocurrency exchange Bitso. According to Decrypt, Anchorage Digital will provide custody for MXNB, a Mexican peso-denominated stablecoin issued by Bitso.

The token will be supported on six blockchain networks: Arbitrum, Base, Ethereum, Polygon, Avalanche and Arc. The partnership targets the remittance market between the U.S. and Mexico.
https://coinness.com/en/news/1173187

[Robinhood's Q3 crypto revenue falls 55% year over year]

Robinhood disclosed in its third-quarter earnings report that cryptocurrency trading revenue fell 55% from a year earlier to $120 million. That amounted to 8.4% of total revenue, down sharply from 21% in the same period last year, according to Crypto Briefing. The figure still topped market expectations of $114 million. Robinhood shares fell about 5% in after-hours trading after the earnings release.
https://coinness.com/en/news/1173188

[DIAM reports security breach, says legal action and asset recovery are underway]

Layer-1 blockchain DIAM announced a security breach tied to unauthorized activity by a malicious actor in the Diamante ecosystem. The team said it activated emergency security protocols immediately after detecting the incident and is working with exchanges, market makers, and liquidity providers to halt affected withdrawals and transfers and restrict unauthorized asset movements.

DIAM said it has identified a person believed to be responsible for the attack and is pursuing legal action and asset recovery in coordination with law enforcement and government agencies in multiple countries. The project added that it is conducting a full investigation into the scope of the damage and plans to make affected participants whole.
https://coinness.com/en/news/1173189

[Polymarket adds 5-minute crypto contracts to U.S. app]

Polymarket has added five-minute crypto contracts to its U.S. app, according to the Watcher.Guru X account. The feature supports BTC, ETH, SOL and XRP.

Contract pricing is based on data from CF Benchmarks, a unit of Payward, Kraken’s parent company. Under the rules, tied outcomes are settled as up moves. Taker fees are charged separately from the bid-ask spread.
https://coinness.com/en/news/1173190

[U.S. Treasury secretary says crypto can strengthen dollar’s global dominance]

U.S. Treasury Secretary Scott Bessent said cryptocurrencies could help reinforce the U.S. dollar’s global dominance, according to CoinDesk.

Speaking alongside Ripple CEO Brad Garlinghouse at the Swell conference, Bessent said the power of the world’s reserve currency has historically stemmed from military strength, but is now increasingly shifting toward technological leadership. Companies around the world, Bessent said, are being forced to choose between U.S. and Chinese AI systems and semiconductor technologies, and crypto is part of that competition. Bessent added, "We will win in crypto, and it will strengthen the U.S. dollar even more."

Bessent also said he was disappointed by the recent failure of the Clarity Act, adding that the Treasury Department could work with regulators such as the SEC and CFTC to take institutional steps and strengthen oversight.
https://coinness.com/en/news/1173191

[BTC rises above $81,000]

According to CoinNess market monitoring, BTC has risen above $81,000. BTC is trading at $81,099.99 on the Binance USDT market.
https://coinness.com/en/news/1173192

[Strategy stock trading volume surpasses Morgan Stanley]

Strategy’s daily stock trading volume has surpassed Morgan Stanley’s, according to BitcoinTreasuries. MSTR is also posting trading volume above that of multiple mega-cap companies with trillion-dollar market capitalizations.
https://coinness.com/en/news/1173193

[Coinbase CEO says tokenized asset market is growing rapidly]

Coinbase CEO Brian Armstrong said the shift of stocks, fiat currencies and other assets onto the blockchain is accelerating. Armstrong said tokenized stocks and stablecoins are posting particularly rapid growth, with more assets expected to move into the blockchain-based financial ecosystem. Armstrong added Coinbase will continue pushing innovation in the traditional financial system.
https://coinness.com/en/news/1173194

[South Korea ruling party leans toward delaying planned crypto tax again]

South Korea’s government is weighing another delay to virtual asset taxation that had been scheduled for January next year, and the ruling Democratic Party also moved toward postponement at a general meeting of lawmakers on Oct. 27, according to Dong-A Ilbo.

Kim Han-kyu, the Democratic Party’s senior deputy floor leader for policy, told reporters after the meeting that no one opposed delaying the tax and that personal views instead favored a postponement. Kim added the overall mood appeared to be coalescing around a delay. The party is set to hold a policy consultation with the government today and convey that position.
https://coinness.com/en/news/1173195
See more: https://www.donga.com/news/Politics/article/all/20261028/134921068/2

[BTC again outperforms S&P 500 returns, Glassnode says]

Bitcoin is once again posting stronger returns than the S&P 500, according to on-chain analytics firm Glassnode. Glassnode said Bitcoin has outperformed the S&P 500 on more trading days than it has lagged over the past few weeks. In June, Bitcoin beat the index on just one of five trading days, marking its weakest showing in more than five years. Glassnode added Bitcoin’s gains could strengthen further as investors rotate into the asset classes showing the strongest momentum.
https://coinness.com/en/news/1173196

[South Korea’s finance minister says government will listen on digital asset taxes]

South Korea’s Deputy Prime Minister and Finance and Economy Minister Lee Hyoung-il said the government will listen carefully to public opinion conveyed by the Democratic Party and review it fully in consultations on taxation of virtual assets, or digital assets, Digital Asset reported.

Speaking at a ruling party-government policy meeting on digital asset taxation held at the National Assembly Members' Office Building in Seoul on today, Lee described it as an issue drawing significant public attention. Lee added the government has been gathering on-the-ground views from the industry and experts while reviewing concerns raised and calls for improvements to the system.
https://coinness.com/en/news/1173197
See more: https://www.digitalasset.works/news/articleView.html?idxno=43872