[Binance hacker launders first stolen funds with $2.2M in BTC, Elliptic says]

The Binance hacker laundered 28 BTC worth $2.2 million through the CoinJoin cryptocurrency mixing protocol, according to blockchain analytics firm Elliptic. The review covered the period from Nov. 1 through 6:02 a.m. UTC today, and the laundering technique used the WabiSabi protocol, a mixing technology used by services including Wasabi Wallet.

Elliptic said the BTC sent into CoinJoin first came from stolen TRX funds, followed by ETH that had been swapped into BTC. The 18,270 BTC stolen directly from Binance remains unmoved and split across 19 addresses.

Elliptic said about $3.24 billion of the total $6.43 billion stolen remains in the hacker’s possession, while $2.85 billion has been frozen, seized, or otherwise handled.
https://coinness.com/en/news/1173991

[Startale launches virtual card for onchain asset payments]

Startale, a Web3 venture formed by Japan’s SBI Holdings, Sony and the Astar Network Foundation, has launched the Startale Card, a virtual card that lets users spend onchain assets in everyday payments, U.Today reported. Linked to the Startale app, the card supports USDSC payments at more than 150 million merchants worldwide without requiring separate withdrawals through a bank account or cryptocurrency exchange.
https://coinness.com/en/news/1173992

[Anonymous whale deposits $12.2M in LIT to OKX]

An anonymous whale transferred 3.9 million LIT worth about $12.21 million, which had been unstaked two days earlier, to centralized exchanges including OKX about 30 minutes ago, AmberCN reported. Exchange deposits are generally interpreted as intended for selling.
https://coinness.com/en/news/1173993

[Spot Bitcoin ETFs led BTC buying in Q3, 21Shares says]

Spot Bitcoin ETFs emerged as the main source of Bitcoin buying in the third quarter, overtaking major accumulation companies, 21Shares said.

21Shares said spot BTC ETFs posted around $6.2 billion in net inflows in the third quarter, absorbing twice the amount of newly mined Bitcoin after reversing from $4.8 billion in net outflows in the second quarter. But long-term holders sold 248,000 BTC, worth $17.4 billion, or about three times the amount bought by spot ETFs. Major Bitcoin accumulation companies bought $7.1 billion in the second quarter but only $1 billion in the third quarter, according to the analysis.
https://coinness.com/en/news/1173994

[Crypto.com to phase out Hong Kong services]

Crypto.com announced it will gradually discontinue services in Hong Kong. A detailed timetable will be provided later, and its app service is scheduled to end in February next year. Crypto.com’s Hong Kong entity had applied for a license with local authorities in February 2024, but approval has yet to be granted.
https://coinness.com/en/news/1173995

[American Bitcoin seeks stock market listing in $2B deal]

American Bitcoin, a Bitcoin mining company linked to U.S. President Donald Trump’s family, is seeking a stock market listing through a $2 billion deal, Walter Bloomberg reported.
https://coinness.com/en/news/1173996

[ZachXBT says suspected $106M hack hit EU-based crypto firm]

A cryptocurrency company based in the European Union appears to have suffered a theft of about $106 million, according to ZachXBT. The hacker is believed to have withdrawn the stolen funds in USDC and USDT.

Over the past 24 hours, the attacker swapped USDC for ETH, moved the funds to exchanges including WellWallet and Kyrrex, then swapped them again into Monero (XMR) and dispersed the assets across multiple addresses. The name of the affected company and whether authorities have intervened have not yet been confirmed.
https://coinness.com/en/news/1173997

[Israeli crypto industry warns Netanyahu sanctions-evasion remarks may hurt credibility]

Concerns are rising in Israel’s crypto industry after Prime Minister Benjamin Netanyahu proposed using cryptocurrencies as a workaround in case of international financial sanctions, Bitcoin News reported. Addressable CEO Tomer Sharoni and ORBS CEO Ran Hammer said Netanyahu’s remarks could prompt offshore exchanges and banks to tighten scrutiny of Israeli crypto companies, hurting the credibility of the local Web3 industry.

Sharoni urged the Bank of Israel, securities regulators and capital market authorities to jointly introduce a regulatory sandbox and establish a licensing framework for virtual asset service providers, or VASPs, in line with the EU’s Markets in Crypto-Assets regulation, or MiCA, and the Financial Action Task Force’s travel rule. Netanyahu had earlier said an alternative economy was needed in case Israel faced banking sanctions, while citing blockchain technology and cryptocurrencies as viable alternatives.
https://coinness.com/en/news/1173998

[KAST says it will not issue a native token]

Stablecoin payments platform KAST does not plan to issue a native platform token, founder Raagulan Pathy said. Instead, user points will be converted into "KAST Pioneer Units" issued by a KAST-affiliated special purpose vehicle, or SPV. KAST said it plans to offer periodic redemption opportunities, but added there is no guarantee on redemption size, timing, or returns. The move is intended to prevent conflicts of interest tied to a token issuance while allowing users to share in KAST’s growth.
https://coinness.com/en/news/1173999

[XRPL bug fix separating token burn and mint powers could go live on Nov. 4]

XRP Ledger is expected to fix a flaw on Nov. 4 that allowed accounts with only token-burning authority to mint new tokens, CoinDesk reported. Under the previous structure, when a stablecoin issuer granted a payment service the authority to burn tokens, that service could also create tokens without separate minting authority, but the update would separate those permissions.

The change would not affect XRP supply. Governance backing for the fix currently stands at 33 of 35 validators, and activation requires at least 29 validators to maintain support for two weeks. If that backing holds, the earliest activation time is 2:46 p.m. UTC on Nov. 4.
https://coinness.com/en/news/1174000

[Strive buys 124 BTC for $10M, holdings reach 43,124 BTC]

Strive said it bought an additional 124 BTC for $10 million and now holds a total of 43,124 BTC.
https://coinness.com/en/news/1174001

[Strategy buys 810 BTC for $65.5M]

Strategy announced the purchase of an additional 810 BTC for $65.5 million at an average price of $80,846 per Bitcoin. The company now holds 849,327 BTC.

Strategy also said it sold 1.18 million common shares last week to raise $164 million, of which it plans to retain $98.5 million in cash. During the same period, it repurchased $208.2 million of its preferred stock, STRC.
https://coinness.com/en/news/1174002

[FATF to review AML rule implementation in major crypto jurisdictions]

The Financial Action Task Force has agreed to closely review the implementation of anti-money laundering rules in major countries and jurisdictions accounting for about 97% of the global virtual asset market, Crypto Briefing reported. The decision was reached at a plenary meeting held in Paris on Oct. 28-30.

The review will focus on countries with active virtual asset service providers, or VASPs, including crypto exchanges and custodians, with the aim of promoting implementation of FATF Recommendation 15 on crypto-related oversight. The specific jurisdictions were not disclosed. Initial findings are due in June 2027, followed by additional results in October 2027. FATF also plans to provide technical support to help strengthen regulatory frameworks and anti-money laundering response capacity in the targeted jurisdictions.
https://coinness.com/en/news/1174003

[Morgan Stanley cuts Coinbase to underweight, slashes price target to $120]

Morgan Stanley downgraded Coinbase (COIN) to underweight from equal weight and cut its price target to $120 from $258, a roughly 53% reduction, CNBC reported. Morgan Stanley analyst Michael Cyprys cited slower cryptocurrency trading, weak revenue prospects and market uncertainty following the Binance hack as the main reasons. Cyprys expects Coinbase’s October trading activity weakened, with fourth-quarter transaction revenue likely to come in about 11% below market expectations. Coinbase shares have fallen about 22% over the past month and closed at $143.54 on Nov. 1, according to the report.
https://coinness.com/en/news/1174004

[Bitmine buys 8,573 ETH last week]

Bitmine (BMNR) announced the purchase of 8,573 ETH last week. The company now holds 6,060,506 ETH, equal to 4.9% of Ethereum’s total supply, including 5,227,037 ETH that is staked. Bitmine said it holds about $14.5 billion in assets across cryptocurrencies, cash and stocks. Chairman Tom Lee said $6.3 billion was stolen in the Binance hack, but ETH fell only 4%, showing the crypto market’s resilience.
https://coinness.com/en/news/1174005

[Iran’s supreme leader grants government authority to negotiate]

Iran’s state-run IRNA news agency reported Iran’s supreme leader granted the government authority to negotiate.
https://coinness.com/en/news/1174006

[Binance hackers made repeated errors handling stolen funds, losing millions]

North Korean hackers made a string of mistakes while handling funds stolen in the Binance hack, according to ai_9684xtpa. The hackers transferred multiple tokens worth $3.5 million to a NEWT contract address and sold $5 million worth of PROM without checking the liquidity pool size, recovering just $71. ai_9684xtpa also raised the possibility that the use of MetaMask to pay gas fees left records of off-chain activity, including IP addresses. Separately, $250,000 was transferred to Gate, which is said to have frozen two related accounts and plans to cooperate with follow-up investigations. The analysis said the involvement of multiple personnel in handling various types of tokens could make it easier to leave tracking clues, potentially aiding Binance’s fund-tracing efforts.
https://coinness.com/en/news/1174007

[Horizen plans migration to Base]

Privacy-focused blockchain Horizen (ZEN) said it plans to migrate to Base.

Asset transfers must be completed by 1:00 p.m. UTC on Nov. 4. The proposed roadmap includes privacy pools, private DeFi within Vela, and the reintroduction of ZEN nodes, with further details to be disclosed soon.
https://coinness.com/en/news/1174008

[Chainlink launches Chainlink 24/7]

Blockchain oracle project Chainlink (LINK) announced the official launch of Chainlink 24/7.
https://coinness.com/en/news/1174009

[Glassnode sees continued loss-taking after BTC falls below $80K, with focus on $75K support]

Glassnode said selling to lock in losses has continued since Bitcoin fell below $80,000. In a post on X, Glassnode said BTC posted its longest streak of daily net realized losses since mid-August last week. It added that concentrated realized-loss periods in August and September also coincided with short-term bottoms, and said BTC holding above $75,000 could fit a similar bottoming pattern. Glassnode added, however, that the pattern does not necessarily imply a price rebound.
https://coinness.com/en/news/1174010

[Brazil’s Mercado Bitcoin suspends deposits, withdrawals after security incident]

Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has temporarily suspended deposits and withdrawals after confirming a security incident, Solid Intel reported. The exchange said the incident did not result in any customer fund losses or data leaks.

Earlier, blockchain security firm Hypernative was said to have detected more than $40 million in suspicious fund movements across multiple blockchain networks. It has not yet been confirmed whether those transactions involved stolen funds or were directly linked to the security incident.
https://coinness.com/en/news/1174011