[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

[Block buys 120 BTC in third quarter, holdings rise to 9,237]

Block, the payments company founded by Jack Dorsey, bought an additional 120 BTC in the third quarter, bringing its total holdings to 9,237 BTC, according to BitcoinTreasuries.net.
https://coinness.com/en/news/1174311

[South Korea to review Dunamu-Naver Financial merger on Nov. 18]

South Korea’s Fair Trade Commission will hold a plenary meeting on Nov. 18 to review the business combination of Dunamu, the operator of Upbit, and Naver Financial, The Korea Economic Daily TV reported in an exclusive.

The review is effectively seen as the approval stage for a merger between the two companies. If the combination is cleared, only licensing procedures, including financial authorities’ approval for a change in major shareholder, would remain.

Naver Financial plans to complete the final merger on March 31 after a shareholders’ meeting on Feb. 26 and a stock swap on March 31.
https://coinness.com/en/news/1174312
See more: https://www.wowtv.co.kr/NewsCenter/News/Read?articleId=A202611040119&t=NNv

[Alchemy Pay obtains Mississippi money transmitter license, bringing U.S. total to 20 states]

Blockchain-based payment network Alchemy Pay (ACH) said it has obtained a money transmitter license in Mississippi, bringing the number of U.S. states where it holds such licenses to 20.
https://coinness.com/en/news/1174313

[Binance hack exposed misuse of internal AI tools, raising concerns over new attack paths]

The Binance hack exposed the misuse of an internal AI tool, raising concerns that companies adopting AI could face new security risks, according to Wu Blockchain founder Colin Wu.

In a post on X, Wu said Binance indicated a hacker compromised one engineer’s computer and then used an internal AI tool to take control of the work environments of two other engineers responsible for wallets. Wu added that companies may be unintentionally expanding security risks as they adopt AI to improve operational efficiency, and questioned whether Binance’s internal AI tool may have opened a new attack path for hackers because of weak security design or inadequate access control management.
https://coinness.com/en/news/1174314

[BTC rebounds after election-driven drop as options traders place $420M bullish bets]

Bitcoin fell to as low as $75,700 today on U.S. midterm election concerns, then recovered to around $78,300 within hours in a V-shaped rebound, according to BeInCrypto.

The outlet said block trades in the Bitcoin options market on election day reached $660 million, more than double yesterday’s level. Traders in particular bought around $420 million worth of call options, it added. At the same time, spot demand remained weak, with roughly $1.16 billion in net outflows from U.S. spot BTC ETFs over the past three trading days.

Analysts at crypto market-making and trading firm Wintermute said Bitcoin needs to reclaim and hold $80,000 with meaningful spot buying to gain further upside momentum. If BTC makes a valid break above $80,000, the price could rise toward $81,300-$82,000, they said. If the recovery fails, Bitcoin could retest support at $77,000 and potentially fall back to today’s low of $75,700, the analysts added.
https://coinness.com/en/news/1174315

[Trader says ADA needs 16x gain to reclaim record high as altcoin season remains distant]

Crypto trader Nebraskangooner, who has about 408,000 followers on X, expressed skepticism about an altcoin season, saying Cardano’s ADA would need to rise about 16-fold from its current price to reclaim its all-time high.

In a post on X, Nebraskangooner said most major altcoins are still trading 50% to 90% below their record highs and argued that, before talking about an altcoin season, investors need to look at how far those tokens remain from their peaks. According to CoinGecko data shared by the trader, ADA was trading at $0.1905, down 93.8% from its September 2021 peak of $3.09, and would need to rise about 1,520% to recover that high. The declines from all-time highs for other major cryptocurrencies were 89.7% for DOGE, 79.0% for LINK, 68.2% for SOL, 65.0% for XRP, 61.7% for ZEC, 53.8% for ETH, 49.0% for BNB, and 38.4% for BTC.
https://coinness.com/en/news/1174316

[Binance co-CEO says hackers are evolving after $6.3B theft]

Binance co-founder and co-CEO He Yi said on X the exchange’s anti-hacking monitoring system failed to catch the latest attack because hackers are also evolving.

He Yi said company rules bar employees from using work computers for personal purposes and that download records are subject to strict monitoring. He added that Binance had blocked around 50 hacking attempts this year, while hacking attacks and defenses are in a constant back-and-forth. That, He Yi said, is why the system was breached in this case.

Binance lost about $6.34 billion worth of cryptocurrency last week in a theft carried out by a North Korea-linked hacking group.
https://coinness.com/en/news/1174317

[Justin Sun says he will refile in California state court if sanctions bid is denied]

Tron founder Justin Sun said on X that if the court rules on his motion seeking sanctions against World Liberty Financial (WLFI), he will refile the lawsuit in a California state court.

Sun said he agreed in November 2024 to buy $30 million worth of World Liberty’s WLFI tokens and later increased his total investment to $45 million. In April this year, Sun sued, alleging World Liberty had used fraudulent means to induce the investment and had illegally frozen the tokens.

According to Sun, the token purchase agreement allows him to bring suit in either a California federal or state court. Sun said he chose federal court, but World Liberty later disclosed during the litigation that its ownership structure included UAE nationals and then began arguing that the federal court lacked jurisdiction. Sun added that he would seek to ensure World Liberty, not himself, bears the costs stemming from that tactic.

Sun had earlier asked the court to impose sanctions on World Liberty and its legal team, arguing that the company initially represented itself as a Florida-based U.S. entity and only later disclosed the existence of UAE-based owners.
https://coinness.com/en/news/1174318

[Bitwise says BTC spot ETF outflows reflect short-term risk aversion, not institutional exit]

Recent net outflows from U.S. spot Bitcoin ETFs reflect short-term risk aversion rather than a structural exit by institutional investors, according to André Dragosch, head of research at crypto asset manager Bitwise.

In an interview with Cointelegraph, Dragosch cited a recent Bitwise survey of 15 institutions invested in spot BTC ETFs and said none had reduced their spot BTC ETF allocations during the bear market. Dragosch added that regulatory filings submitted to U.S. authorities also showed that most institutional investors, excluding hedge funds, had largely maintained their existing positions.
https://coinness.com/en/news/1174319

[BTC spot CVD chart at 10:00 a.m. UTC on Nov. 4]

The spot CVD chart is an order-book analysis of 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 becomes brighter when the price stays within a specific range for an extended period or makes a large move. Brighter areas may act as support or resistance levels.

- The cumulative volume delta indicator in the lower panel reflects buy and sell orders by order size, and the line for each color rises as buy orders increase. The yellow line is based on orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million.
https://coinness.com/en/news/1174320

[SOON fully restores mainnet bridge, resumes RPC operations]

SVM-based rollup infrastructure provider SOON said mainnet bridge access was fully restored on Nov. 4, and bridge operations and RPC services have resumed.

The SOON Foundation said it immediately secured control of the bridge after its monitoring system detected abnormal withdrawal activity on Oct. 31, stabilized the situation, and took the necessary recovery measures. The foundation said the bug behind the incident has been fixed and added that its rapid response prevented any loss of funds. The foundation plans to continue closely monitoring the network.
https://coinness.com/en/news/1174321

[Trader says BTC daily close above $78.5K may signal market normalization]

Bitcoin closing its daily candle above around $78,500 could be the first sign the market is normalizing after being shaken by the Binance hack, prominent crypto trader Doctor Profit said.

Doctor Profit said three technically important levels were presented on Sunday last week, with $78,500 corresponding to level two. Bitcoin is now testing that zone, and if it breaks below the level and then recovers, that could favor buyers, Doctor Profit said. That would mean panic selling triggered by the Binance hack has been absorbed, capitulation has likely run its course, and buyers are regaining control. Doctor Profit added that a recovery of the level-two price zone would signal market normalization, but Bitcoin needs to do more than stage a modest rebound from the lows. A clear recovery and consolidation confirmed by a daily close are needed for upside momentum to build again.
https://coinness.com/en/news/1174322

[Krueger says U.S. midterm results are best-case scenario for BTC]

Bitcoin maximalist Fred Krueger said the outcome of the U.S. midterm elections is the best-case scenario for BTC.

In a post on X, Krueger said the election result has become clear and the Democratic Party’s victory in Texas is making AI-related investments less attractive. Krueger added government debt issues and money issuance will continue, while investment capital needs a new theme, with BTC as the strongest alternative.
https://coinness.com/en/news/1174323

[Apple bans employees from prediction market trading on inside information]

According to a filing Apple submitted to the U.S. SEC, the company recently revised its insider trading policy to prohibit employees from participating in prediction market trading using confidential information obtained through their work. The rule applies not only to Apple-related information but also to information involving suppliers and business partners. Employees who violate the policy could face disciplinary action, including termination.
https://coinness.com/en/news/1174324

[Revolut valued at $115B after existing shareholders sell stakes]

UK fintech firm Revolut, which offers cryptocurrency trading and custody services, was valued at $115 billion after completing a share sale by existing shareholders including employees, Bloomberg reported. That marks about a 53% increase from its roughly $75 billion valuation about a year earlier.

Revolut did not issue new shares, and existing shareholders sold their holdings to other investors. Last month, Revolut’s crypto entity obtained a distributed ledger technology license in Gibraltar to provide cryptocurrency trading and custody services. About 16 million of Revolut’s 80 million retail customers use crypto services.
https://coinness.com/en/news/1174325

[Zhao says all hacks are preventable, sees lessons from latest incident]

Binance founder Changpeng Zhao, whose cryptocurrency worth about $6.34 billion was stolen last week by a North Korea-linked hacking group, said on a recent podcast that all hacks are preventable and that the latest incident offered many lessons.

Zhao added that companies can grow complacent after going long periods without security breaches, causing them to overlook potential problems. Zhao said he supports creating an industry-wide security alliance to share best practices, conduct cross-audits, and help freeze funds quickly, adding that Zhao wants to help advance the initiative.
https://coinness.com/en/news/1174326

[Crypto in America founder says U.S. midterm results are damaging for crypto]

Crypto in America founder Eleanor Terrett said on X that the latest U.S. midterm election delivered results that were broadly damaging to both the Republican Party and the cryptocurrency industry. Terrett outlined several key developments that could affect the crypto sector.

- Democratic Sen. Sherrod Brown, a crypto skeptic, won re-election. Brown could rise to a leadership role on the Senate committee overseeing cryptocurrency.
- Pro-crypto House members Bryan Steil, Zach Nunn and Ann Wagner were defeated.
- Democratic Sen. Kirsten Gillibrand’s influence is set to grow, while Republicans under Tim Scott could see weaker control of the Senate and may have to give up the chairmanship of the Banking Committee.
- Rep. Maxine Waters, a crypto critic, is now more likely to become chair of the House Financial Services Committee.
- Republican Sen. Pete Ricketts, the ranking member on the Senate Banking Committee and a pro-crypto lawmaker, won re-election.
- Pro-crypto Republican Rep. Andy Barr won re-election.
https://coinness.com/en/news/1174327

[Mercado Bitcoin hacker keeps selling stolen assets, amasses $18.19M in ETH]

A hacker tied to Brazilian crypto exchange Mercado Bitcoin has continued selling stolen assets through multiple wallets and has so far amassed 7,988 ETH worth $18.19 million, according to on-chain analytics firm Hupzy, formerly Spot On Chain.

Hupzy said the hacker recently gathered 31 stolen altcoins into a new wallet, sold the entire batch, and swapped the proceeds into ETH worth about $316,000. A CoinNess analysis says the continued sales are adding sell pressure to those altcoins while increasing the hacker’s ETH holdings. It added that if the accumulated ETH is moved to exchanges, it could create additional selling pressure.
https://coinness.com/en/news/1174328