[Ethereum Foundation researcher targets end-2028 quantum-resistant transition]

Ethereum Foundation researcher Justin Drake said he aims to complete Ethereum’s transition to quantum resistance and a post-AI architecture by the end of 2028, Cointelegraph reported. The target is one year earlier than the timeline for achieving quantum resistance set out in the foundation’s existing roadmap.

At Devcon 8 in Mumbai, India, Drake outlined a plan to complete the transition through three additional network upgrades over the next 24 months. The plan does not amount to an official roadmap change, however, and the foundation is set to review the existing schedule in January 2027.
https://coinness.com/en/news/1174290

[Flap to introduce direct token launches in DEX liquidity pools]

Crypto platform Flap said it plans to introduce a "pool launch" feature that will let users launch tokens directly in DEX liquidity pools without going through a bonding curve.

Developers will be able to set initial liquidity directly and use a vault feature to determine how separately allocated token supplies and trading fees are distributed. Flap said the feature is intended to increase flexibility in token launches and trading structures.
https://coinness.com/en/news/1174291

[Anonymous whale moves $83.4M in BTC to new address]

An anonymous whale transferred 1,073.49 BTC, worth about $83.39 million, to a new address, according to Onchain Lens. The BTC was withdrawn from BTC Markets about three months ago.
https://coinness.com/en/news/1174292

[Coinone places EVER on delisting watchlist]

South Korean exchange Coinone announced it has placed Everscale (EVER) on a delisting watchlist. The exchange said the designation followed confirmation that core services had been suspended after a key infrastructure operator announced an end to infrastructure support through the project’s official community.
https://coinness.com/en/news/1174293

[Pump.fun adds support for NEAR-based token trading]

Pump.fun, a Solana-based memecoin issuance and trading platform, said on its official X account it now supports NEAR. Users can trade tokens in the NEAR Protocol ecosystem within the Pump.fun app without bridging.
https://coinness.com/en/news/1174294

[Solana-based stock token volume hits $657M, highest since September]

Daily trading volume for Solana-based stock tokens reached $657 million on Nov. 2, the Solana Foundation said. It was the largest amount since September. Of the total, $598 million was traded through Backpack.
https://coinness.com/en/news/1174295

[MEXC ranks 2nd in Q3 crypto perp volume, says user asset safeguards strengthened]

Crypto exchange MEXC ranked second among all exchanges in third-quarter perpetual futures trading volume with a 17.43% market share, according to a TokenInsight report.

The report showed MEXC ranked fourth in total third-quarter trading volume at $1.069 trillion, with an 8.91% market share. Its market share increase from the previous quarter was 0.38 percentage points, the third largest among major exchanges. By product, MEXC ranked second in trading volume for perpetual futures tied to gold, silver, Brent crude, copper and platinum. In stock perpetual futures, Nvidia (NVDA) ranked second by trading volume.

MEXC said it is also strengthening user asset protection as trading in volatile traditional assets increases. Meanwhile, an October Proof of Reserves report released by MEXC with blockchain security auditor Hacken showed major cryptocurrencies remained overcollateralized. Reserve ratios stood at 294% for BTC, 122% for USDT and 111% for ETH, all above user deposited assets. Its Guardian Fund for user protection currently holds 100 million USDT and more than 2,000 BTC.
https://coinness.com/en/news/1174296

[Mercado Bitcoin hacker selling $1.1M in VIRTUAL]

A hacker behind the attack on Brazilian exchange Mercado Bitcoin transferred 190,000 VIRTUAL worth $1.14 million to a new address and has been selling the tokens in batches of 30,000 to 40,000 VIRTUAL through MetaMask, Onchain Lens reported.
https://coinness.com/en/news/1174297

[BTC rebound puts focus on $82.6K resistance]

Bitcoin could rise to its next resistance level at $82,600 after rebounding from around $75,700, according to Jack Yi, founder of crypto investment firm LD Capital.

Yi said BTC had remained in a downward correction for about 40 days since Sept. 22 before reaching a descending trend line near $75,700 and rebounding quickly. Yi expects the price to climb toward $82,600, the upper end of the channel. With the U.S. macro environment acting as the market’s main variable, Yi said investors should assess the next directional move only after confirming whether this correction has ended and whether BTC breaks above the $82,600 resistance level.
https://coinness.com/en/news/1174298

[Bitcoin sentiment deteriorates sharply in two weeks]

Bitcoin investor sentiment has deteriorated sharply amid uncertainty over the U.S. midterm elections and the fallout from the Binance hack, according to on-chain analytics firm Santiment.

In a post on X, Santiment said bullish commentary on BTC was 1.8 times bearish commentary on Oct. 20, but that ratio fell to 0.37 immediately after the Binance hack. Sentiment then recovered briefly, but has since slipped again to 0.51. Santiment said the U.S. midterm election outcome is heightening anxiety among retail investors, while a recovery in BTC to $79,000 amid prevailing market pessimism could signal a price rebound moving against broader sentiment.
https://coinness.com/en/news/1174299

[Jump Crypto transfers $15M in USD1 to BitGo]

Jump Crypto transferred $15 million in USD1 to BitGo in two transactions over the past hour, according to Onchain Lens. The transferred funds were later moved to BitGo’s hot wallet.
https://coinness.com/en/news/1174300

[Democrats win both chambers of Congress, likely reshaping crypto legislation]

The Defiant said the U.S. Democratic Party’s midterm election victory has given it control of both chambers of Congress, making an impact on crypto-related policy under the Trump administration unavoidable. The outlet said leadership of the House Financial Services Committee and the House Agriculture Committee, which have handled the CLARITY Act, will shift to Democrats, likely giving the party greater influence over future legislation and oversight of the president’s crypto-related business activities.

It added that the CLARITY Act remains pending before the full Senate, and even if Democrats gain influence over the Senate schedule, the threshold needed to invoke cloture remains unchanged. If the bill does not pass during the current congressional term, it will have to be reintroduced and move through the process again from the beginning.
https://coinness.com/en/news/1174301

[FinChain launches RWA yield enhancement solution with Plume]

FinChain, a blockchain platform backed by Hong Kong fintech company Fosun Wealth Holdings, has launched “FLEX & FINO,” an RWA-based on-chain yield enhancement solution, in partnership with Plume, an open-finance platform for institutional assets.

The product uses FUSD, which is backed by tokenized short-term U.S. Treasuries and money market funds, to generate additional yield through a leveraged looping strategy. Users can borrow USDC against FUSD as collateral and deposit it into a liquidity pool to earn extra yield on top of the base FUSD return.

The utilization cap for leverage risk management is 90%, and the projected annual percentage yield under the base-case assumption is as high as 7.2%. FinChain said the launch expands FUSD’s use case from simple holding to DeFi-based structured investment and lays the groundwork for additional RWA product development. Total value locked tied to the launch will be reflected in partner protocols and Nest Protocol after the rollout.
https://coinness.com/en/news/1174302

[Chainalysis executive says unstopped Binance hack funds may be laundered via Chinese networks]

A substantial share of the funds stolen in the Binance hack, which North Korea has been identified as being behind, is likely to flow to money-laundering operations tied to Chinese capital, including Huione Guarantee and Xinbi Guarantee, the Dong-A Ilbo reported.

In an interview with the newspaper on Nov. 3, Alec ZeBrik, senior manager of global services at Chainalysis, said the unstopped portion of the $6.34 billion in stolen funds, or about $3.49 billion, is likely to be cashed out through Chinese-language money laundering networks, or CMLNs. ZeBrik added that fund movements can sometimes take more than a year, and tracking and monitoring are needed until then.
https://coinness.com/en/news/1174303
See more: https://www.donga.com/news/Economy/article/all/20261104/134966096/1

[Zcash grants committee drops plan to redirect 98K ZEC for mining rewards]

Zcash Community Grants, or ZCG, has withdrawn a plan to redirect about 98,000 ZEC into a future mining rewards fund, CoinDesk reported.

ZCG had proposed shifting part of its holdings and future ZEC allocations into a mining rewards reserve after criticism emerged last month over the size and operation of developer grants. The committee later decided not to move forward with the proposal as community opposition continued. ZCG said any future changes to fund allocation should be decided through the network’s existing governance process. It currently receives 8% of newly issued ZEC for grant funding, and that arrangement will remain in place until the relevant rules are changed.
https://coinness.com/en/news/1174304

[Minor progressive parties push back on Democratic Party tax-delay proposal]

South Korea’s Democratic Party has faced a broad backlash from minor progressive opposition parties after it formally proposed that the government delay taxation on virtual asset income, MBC reported.

Cho Kuk, head of the innovation policy research institute at the Rebuilding Korea Party, criticized the Democratic Party as appearing to become a party that delays reform. Yong Hye-in, floor leader of the Basic Income Party, said a delay in virtual asset taxation was unlikely to win back support from voters in their 20s as it did during the Roh Moo-hyun administration. In a briefing, the Justice Party argued that the sharp standard of fairness applied to multicultural family policy appeared to become far more lenient when it came to high-income virtual asset investors benefiting from tax-free privileges. In a commentary, the Progressive Party said a tax delay that disproportionately benefits large investors would do nothing to help the lives of ordinary young people and working-class households.
https://coinness.com/en/news/1174305
See more: https://n.news.naver.com/mnews/article/659/0000048416?sid=102

[FANC to suspend Hub service on Nov. 10, convert wFANC into CELEBe points]

FANC, a blockchain fan-content platform, said access to FANC Hub will be suspended starting Nov. 10 as part of a bulk conversion process.

wFANC held in the Hub will be converted in bulk into CELEBe points by Nov. 10, 2026 without a separate application, while the initial conversion amount and all deducted fees will be fully restored. Users can check the conversion results in the CELEBe app after Nov. 10.

FANC added its global chat room will be converted into an announcement-only channel where chat participation is not allowed, and official notices will be delivered only through FANC’s official channel and the FANC global chat room.
https://coinness.com/en/news/1174306

[Analyst sees possible BTC bottom as selling pressure eases, but demand remains weak]

Crypto analyst Darkfost said easing BTC selling pressure could signal the market is forming a bottom, although buying demand needed for a price rebound remains insufficient.

In a post on X, Darkfost said the Seller Exhaustion Constant had fallen to levels seen at past bear-market bottoms. Darkfost said the indicator measures how much selling capacity remains by comparing the share of BTC supply in profit with average monthly volatility. During BTC’s decline of more than 10% from its most recent peak, a significant amount of short-term profit-taking appears to have taken place, Darkfost said. In past cases, bottoms were often formed as selling pressure weakened to this extent. Even so, Darkfost said weaker selling pressure alone does not guarantee a price recovery, adding a rebound would require fresh buying demand and the current BTC market still lacks sufficient buying interest.
https://coinness.com/en/news/1174307

[Some accounts pushed 'bank run' claims around Binance hack, influencer says]

More than 1,000 accounts posted 11,700 negative messages over 78 hours after the Binance hack, and 3,354 of them were classified as false information, crypto influencer Ape said on X.

Ape said the negative posts used terms such as "inside job," "insolvent" and "withdrawal evasion" in line with Binance’s official response timing. Among 641 accounts that were especially active in spreading negative content, 452 showed signs of coordination, while 89% had rarely mentioned Binance before the hack and then sharply increased their negative posts afterward, Ape said. Ape added that after Binance resumed withdrawals, the accounts posted inflammatory messages such as "withdraw immediately" and "bank run" at a rate of 11.2 posts per hour. Binance founder Changpeng Zhao reposted the thread and wrote that it pointed to an organized opinion attack.
https://coinness.com/en/news/1174308

[Tae Yong-ho’s son gets 3 1/2 years in prison in $1.3M crypto fraud case]

Tae, the son of former People Power Party lawmaker Tae Yong-ho, was sentenced in a first-instance ruling to three years and six months in prison on charges of defrauding acquaintances of 1.8 billion won ($1.3 million) through a virtual asset investment scam, according to Hankyung.

South Korea’s Seoul Central District Court’s Criminal Agreement Division 25, presided over by Judge Heo Jeong-ryong, handed down the sentence today. Tae was indicted and detained in May on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes through fraud. Prosecutors said Tae had deceived acquaintances into believing he would invest in a virtual asset business and took Bitcoin and cash from them over about two years from around May 2023.
https://coinness.com/en/news/1174309
See more: https://www.hankyung.com/article/2026110464091

[Democrats win U.S. House, signal probe into Trump family crypto ventures]

U.S. Democrats are expected to intensify congressional investigations into President Donald Trump’s family crypto businesses after retaking the House in the midterm elections, Fortune reported.

With a House majority, Democrats can issue subpoenas requiring the administration and private companies to provide documents and testimony. Rep. Robert Garcia, the next Democratic chairman of the House Oversight Committee, said he plans to investigate the Trump family’s cryptocurrency trading and related activities. A likely early target is World Liberty Financial (WLFI), a crypto company tied to the Trump family. Democrats have focused on last year’s purchase of $500 million worth of the company’s stake by a member of the United Arab Emirates royal family. Democrats also plan to examine President Trump’s pardon of Binance co-founder Zhao Changpeng. The White House criticized the planned investigation as a political attack.
https://coinness.com/en/news/1174310