[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New Jersey has withdrawn its staking-related lawsuit against Coinbase, lifting an order that had barred the service, Coinbase’s legal team said.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

[Solana MEV arbitrage bot King loses $786K in hack, exposing on-chain vulnerabilities]

A Solana ecosystem MEV arbitrage bot known as King, which has generated $7.2 million in cumulative profit, was hacked early today and lost about $786,000 in assets. According to on-chain analysis data, the attacker exploited vulnerabilities in the bot’s smart contract and linked execution wallet, siphoning out 4,260 WSOL, 191 SOL and about $366,000 in stablecoins.
https://coinness.com/en/news/1174073

[Crypto fear and greed index falls to 33, fear persists]

CoinMarketCap’s in-house crypto fear and greed index came in at 33, down three points from yesterday, indicating that fear remained in place. The index suggests extreme fear as it approaches zero and extreme optimism as it approaches 100.

CoinMarketCap calculates the index based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market data including put/call ratios, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.
https://coinness.com/en/news/1174074

[Nov. 3, 9:00 a.m. BTC spot CVD chart]

Spot CVD is an order book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel shows cumulative volume delta, or CVD.

- The volume heatmap in the upper panel tracks trading volume at each price level, and the background color becomes brighter when the price stays in a specific range for an extended period or moves sharply. Areas closer to brighter colors may act as support or resistance.

- The CVD indicator in the lower panel reflects buy and sell orders by order size, and the line for each color rises as buy orders increase in that category. The yellow line represents orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.
https://coinness.com/en/news/1174075

[Tron overtakes Ethereum in USDT supply, reaches $92.35B at Q3 end]

USDT circulating on the Tron (TRX) network reached $92.35 billion at the end of the third quarter of 2026, surpassing Ethereum (ETH), which stood at $86.69 billion, according to Onchain Lens. Token Terminal data showed Tron first moved ahead of Ethereum on July 23 and has maintained the lead since then. Tron’s current USDT circulating supply stands at $94.25 billion.
https://coinness.com/en/news/1174076

[Binance expands market maker rebates after hack to shore up liquidity]

Binance has expanded fee rebate benefits for some market makers to help secure trading liquidity after a $6.3 billion hack, Bloomberg reported, citing sources.

According to Bloomberg, Binance decided to apply the same rebate rate given to top-tier level-four market makers to level-two and level-three market makers for one week. The move was seen as aimed at encouraging smaller liquidity providers to keep trading and restoring order-book liquidity. Talos, a crypto trading infrastructure firm, said Binance’s order-book liquidity within 1% of the BTC price fell about 30% to $32 million from $45 million during the 24 hours after the hack. Meanwhile, Binance withdrawals reached $4.7 billion as of Nov. 2, Bloomberg added.
https://coinness.com/en/news/1174077

[South Korea’s ruling party moves to seek another delay to crypto taxation]

South Korea’s Democratic Party has conveyed its view to the party leadership that cryptocurrency taxation should be delayed again, according to Newsis.
https://coinness.com/en/news/1174078