[Hilbert Group CIO says BTC has not priced in possible Democratic midterm win]

Bitcoin has not yet priced in the possibility of a Democratic victory in the U.S. midterm elections, Russell Thompson, chief investment officer at digital asset investment firm Hilbert Group, said, according to Crypto Briefing.

Thompson said political uncertainty could add further pressure to an already weakened market, while also citing the fallout from the Binance hack and the U.S. military buildup in the Middle East as key uncertainties beyond the election.
https://coinness.com/en/news/1174052

[Solana arbitrage bot King hit by $786K exploit]

A Solana-based arbitrage bot known as King was stripped of about $786,000 in assets, Onchain Lens reported. King, which had posted cumulative profit and loss of $7.2 million, is said to have lost 4,260 WSOL, 191 SOL and about $366,000 worth of stablecoins in the hack.
https://coinness.com/en/news/1174053

[Rocket Pool urges node operators to update to Smart Node v1.25.1]

Liquid staking protocol Rocket Pool (RPL) has urged all node operators to update to the latest Smart Node version, v1.25.1. Rocket Pool said nodes using Lighthouse or Lodestar on mainnet, as well as all nodes on the Hoodi testnet, should be prioritized for the update.
https://coinness.com/en/news/1174054

[Ondo Finance opens subscriptions for OpenAI-linked notes to eligible clients outside U.S.]

Ondo Finance said it has opened subscriptions for OpenAI Private Market Notes, or OPAIPon, for eligible Private Client customers outside the U.S. The notes are a tokenized product offering exposure to OpenAI’s pre-IPO economic performance. Subscriptions will close on Nov. 17, and participation requires enrollment in Ondo Finance’s Private Client program.
https://coinness.com/en/news/1174055

[Nasdaq-listed Super League buys 8 more BTC]

Super League (SLE), Metaplanet’s U.S. Bitcoin asset management subsidiary, bought an additional eight BTC, bringing its total holdings to 15 BTC, according to BitcoinTreasuries.
https://coinness.com/en/news/1174056

[270,000,000 USDT transferred from an unknown wallet to Bitfinex]

Whale Alert reported that 270,000,000 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $270 million.
https://coinness.com/en/news/1174057

[New Jersey drops staking case against Coinbase]

New Jersey has withdrawn its staking-related lawsuit against Coinbase, lifting an order that had barred the service, Coinbase’s legal team said. As a result, staking for Coinbase users in New Jersey, which had been suspended since June 2023, is expected to resume soon.

Similar cases were previously dismissed in Illinois, Kentucky, South Carolina, Vermont and Alabama, while restrictions remain in effect in California, Maryland, Washington and Wisconsin.
https://coinness.com/en/news/1174058

[NEAR vote passes to cut maximum annual issuance rate to 1.6% from 2.5%]

NEAR Protocol said House of Stake, NEAR’s decentralized on-chain governance body, has approved a proposal to lower the network’s maximum annual issuance rate to 1.6% from 2.5%.

House of Stake’s security council will review the vote ahead of ratification, after which a roughly 90-day grace period will follow. The change will become binding once validators adopt it through a protocol upgrade. Under the published schedule, the issuance rate is then set to decline gradually each epoch, reaching 1.6% in 24 months.
https://coinness.com/en/news/1174059

[$5.6M tied to Mercado Bitcoin hack frozen, Onchain Lens says]

Funds worth about $5.55 million tied to the hack of Brazilian cryptocurrency exchange Mercado Bitcoin have been frozen, according to Onchain Lens. The frozen assets were spread across three addresses and included USDT, USDC and gold-backed tokens.
https://coinness.com/en/news/1174060

[Crypto sentiment weakens as fear rises, contrarian setup emerges: Santiment]

Investor sentiment toward major cryptocurrencies including Bitcoin, Ethereum and XRP has weakened steadily for about two months, according to blockchain analytics platform Santiment. The firm said fear in the market expanded after the Binance hack, with prices falling and bullish expectations also declining.

Santiment said Bitcoin recorded 0.69 bullish views for every bearish view, while XRP stood at 0.61. Ethereum was relatively higher at 1.14, but bullish sentiment has fallen sharply from September levels.

The firm added that past market cycles have at times produced contrarian investment opportunities after extreme sentiment deterioration, although fear alone makes it difficult to identify a market bottom. With sentiment ratios for Bitcoin and XRP below 1.0, Santiment said a medium-term rebound would be worth watching if prices do not set additional lows.
https://coinness.com/en/news/1174061

[U.S. SEC issues new FAQ to clarify token classification framework]

The U.S. SEC has released a new FAQ on cryptocurrency token classification, Crypto in America podcast host Eleanor Terrett said. Terrett said it appears aimed at clarifying decentralization-related issues that the Clarity Act seeks to address through legislation.
https://coinness.com/en/news/1174062

[Samsung Wallet to support Sui-based USDC for eligible U.S. Galaxy users in November]

Layer-1 blockchain Sui said Samsung Wallet plans to add support for Sui-based USDC in November for eligible Galaxy users in the U.S.
https://coinness.com/en/news/1174063

[Binance may have lost nearly half of 5-year earnings to fines and hacks]

Crypto research and brokerage firm K33 said estimated losses tied to Binance’s fines and hacking incidents totaled about $10.7 billion, equal to roughly 56% of its pretax profit from 2021 to 2025, according to NewsBitcoin. NewsBitcoin estimated Binance’s pretax profit for 2021-2025 at $19.2 billion. Binance has never published consolidated financial statements covering the entire group in its nine-year history. K33 senior analyst Vetle Lunde said the amount Binance had to pay in fines was about $4.34 billion, including a 2023 U.S. criminal settlement, a $6.9 million fine imposed in Australia this year and a $750,000 fine imposed in Turkey in 2021.
https://coinness.com/en/news/1174064

[Dolomite keeps halt on new Ethereum borrowing, allows existing position management]

Decentralized lending protocol Dolomite said it is keeping its halt on new borrowing on the Ethereum mainnet as a precaution following the Binance hack.

Markets remain open, and users can still deposit, withdraw, repay, use zap, add collateral, and manage existing positions. Dolomite said it temporarily suspended seven markets on Oct. 29 — ETH, USDC, USDT, WBTC, USD1, LINK and rUSD — then blocked all new borrowing across Ethereum later that evening before reopening those markets. After an additional review on Oct. 30, Dolomite said it decided to keep the restriction on new borrowing in place.

The protocol said it had not observed any malicious activity on Dolomite and that no assets were at risk from the attack. It added that it will continue monitoring the incident and its potential impact on lending markets, and plans to resume borrowing once protective measures are no longer needed.
https://coinness.com/en/news/1174065

[Sophon chain to shut down on Nov. 30, urges asset withdrawals by Nov. 25]

Ethereum-based layer-two scaling network Sophon (SOPH) said the Sophon chain will cease operations on Nov. 30 and advised users to withdraw assets by Nov. 25. It said Sophon itself is not shutting down and the SOPH token will remain in place.
https://coinness.com/en/news/1174066

[Kamino plans to invest at least $20M over 2 years to expand asset, credit infrastructure]

Kamino said it plans to invest at least $20 million over the next two years to expand the range of available assets and provide credit and liquidity infrastructure through platforms consumers already use.

In a letter to the KMNO community, Kamino’s CEO said the Kamino Foundation owns the intellectual property and receives all revenue, including from institutional partnerships. The CEO added KMNO is the only token, and the founders, investors, team, and CEO share the same economic interests through the token without separate equity allocations. The CEO also said most of the KMNO allocated to the CEO will vest only if a series of valuation targets is reached and maintained.
https://coinness.com/en/news/1174067

[US stocks close mixed]

The three major U.S. stock indices closed mixed today.
- S&P 500: -0.51%
- Nasdaq: -1.07%
- Dow Jones: +0.42%
https://coinness.com/en/news/1174068

[Kim Yo Jong calls Binance hacking accusation a U.S. political provocation]

Kim Yo Jong, vice department director of the Central Committee of North Korea’s Workers’ Party, pushed back after North Korea was identified as being behind the roughly 8 trillion won ($5.8 billion) hacking incident at Binance, calling it a U.S. political provocation and suggesting it could negatively affect the setting of North Korea-U.S. relations, Yonhap reported.
https://coinness.com/en/news/1174069
See more: https://www.yna.co.kr/view/AKR20261103010600504

[Liquid Network injects 300 BTC, lifting L-BTC backing ratio to 94.14%]

Liquid Network, a Bitcoin sidechain, added 300 BTC, reducing its reserve shortfall to around 250 BTC. According to The Defiant, the emergency reserve injection lifted the effective backing ratio of Liquid Bitcoin (L-BTC) to 94.14% from about 87%.
https://coinness.com/en/news/1174070

[Swan Bitcoin CEO says AI exploits pose a more immediate threat than quantum fears]

Swan Bitcoin founder Cory Klippsten warned that AI-based exploits pose a far more direct threat to the Bitcoin ecosystem than recently heightened fears over quantum computing. Klippsten said attackers weaponizing large language models were using sophisticated prompt injection to identify and exploit zero-day vulnerabilities in infrastructure and smart contracts in real time. By contrast, Klippsten said commercially viable quantum computers capable of breaking Bitcoin’s cryptography were at least a decade away, adding that pushing a quantum-resistant fork now would only create unnecessary code complexity and vulnerabilities.
https://coinness.com/en/news/1174071

[Custodia asks U.S. Supreme Court to hear Fed master account appeal]

Custodia Bank, a Wyoming-chartered bank focused on cryptocurrency, has filed its final reply brief with the U.S. Supreme Court in its challenge to the Federal Reserve’s refusal to grant a master account, urging the court to stop what it described as the Fed’s tyranny over financial innovation.

The dispute follows a ruling by the 10th U.S. Circuit Court of Appeals siding with the Fed, saying a regional Federal Reserve Bank has discretion to deny a master account even to a legally eligible depository institution. Custodia countered that under the Monetary Control Act of 1980, the Fed is required to provide payment services to eligible nonmember banks, citing the statute’s use of the word "Shall."

Custodia also argued unelected officials had weaponized the power to deny access to the payments system, acting like a fourth branch of government and seriously undermining state sovereignty over bank charters and the dual banking system. In the appellate case, Judge Timothy Tymkovich also issued a strong dissent, saying the decision gave the Fed unlimited power to refuse access.
https://coinness.com/en/news/1174072